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Print - 2005-01-10
Seven Ukrainian troops, Kazakh dead in Iraqi accident

Seven Ukrainian troops, Kazakh dead in Iraqi accident

Seven Ukrainian soldiers have died in Iraq after an accidental explosion, Ukraine's defence ministry said Sunday. A spokesman confirmed to AFP an earlier report on Polish public radio about the death of the seven troops, part of a 1,600-strong contingent
Published 10 Jan, 2005 12:00am
Indonesia reassures aid workers after gunfire

Indonesia reassures aid workers after gunfire

Indonesia tried to reassure Western aid relief workers after a brief gunfire incident on Sunday in the major tsunami aid base of Banda Aceh raised concern for their safety. "The security operation conducted by Indonesia's military and police will protect,
Published 10 Jan, 2005 12:00am
North Korea urges Bush to drop 'hostile' policy

North Korea urges Bush to drop 'hostile' policy

US President George W. Bush must drop his "hostile" policy towards North Korea during his second term in order to revive six-way nuclear talks, Pyongyang said in a statement monitored here Sunday. A North Korean foreign ministry spokesman said in the stat
Published 10 Jan, 2005 12:00am
Three killed in Lebanon-Israel border violence

Three killed in Lebanon-Israel border violence

Three people, including a French UN peacekeeper, were killed Sunday in a flare-up of violence between Israeli troops and Lebanon's Hezbollah militia in the volatile border area between the two countries. The peacekeeper's patrol was hit by shrapnel from a
Published 10 Jan, 2005 12:00am
Tourists and locals resuming activities in Phuket

Tourists and locals resuming activities in Phuket

Phuket's sex industry, a mainstay of the local economy, may have been hard hit by the tsunamis which ravaged the Thai coast but prostitutes and their clients are convinced that business will soon be brisk again. On Patong's main drag on the island of Phuk
Published 10 Jan, 2005 12:00am
At least 14 killed as storms batter northern Europe

At least 14 killed as storms batter northern Europe

At least 14 people died, more than 1,000 homes were flooded and hundreds of thousands left without power after violent storms battered northern Europe over the weekend, bringing hurricane force winds and heavy rain. Denmark, Sweden and the British Isles w
Published 10 Jan, 2005 12:00am
South Africa's telecom 'rip-off' hampering progress

South Africa's telecom 'rip-off' hampering progress

Kelly Dube's landline was cut off when he couldn't pay the huge bills, forcing the Sowetan driving instructor to use an expensive cell phone instead. In Cape Town, executive Nasrin Consul came within a whisker of ditching her fixed line after getting a 25
Published 10 Jan, 2005 12:00am
Planning 2005 tobacco crop in Pakistan

Planning 2005 tobacco crop in Pakistan

According to legal requirements, the tobacco manufacturing and/or exporting companies are required to indicate their tobacco requirements by the 21st of October of each year in respect of the ensuing crop to the Pakistan Tobacco Board. After lengthy discu
Published 10 Jan, 2005 12:00am
KWSB's tax collection and water supply system

KWSB's tax collection and water supply system

The KWSB's policy, procedure and system of tax-collection and water-supply for citizens residing in flat complexes are defective and not based on justice. It requires a thorough revision with all the realistic amendments, keeping in view the protection of
Published 10 Jan, 2005 12:00am
Permanent establishment: an enduring dilemma

Permanent establishment: an enduring dilemma

Yet another feature of the Income Tax Ordinance, 2001 (the Ordinance) that stands distinct from the provisions of the repealed Income Tax Ordinance, 1979 (the repealed Ordinance) is the introduction of the limited "force of attraction" rule for the purpos
Published 10 Jan, 2005 12:00am
Brighter prospects of Iran gas pipeline

Brighter prospects of Iran gas pipeline

Now that Pakistan and Iran have reportedly agreed on a timeframe for the long delayed Pak-Iran gas pipeline project, during the minister-level talks held in Islamabad on January 6, it is heartening to learn that decision was also reached on working out th
Published 10 Jan, 2005 12:00am
Failure of Baglihar dam talks

Failure of Baglihar dam talks

After three days of intensive discussions in New Delhi, Pakistan-India talks on the controversial Baglihar dam have come to what cautious diplomatic sources have described as an "inconclusive" end, though a more appropriate description would be failure. T
Published 10 Jan, 2005 12:00am
Japanese calendars exhibition

Japanese calendars exhibition

The Embassy of Japan would organise a "Japanese Calendars Exhibition 2005" at Aabpara Community Center here on Thursday, January 13. The function is being organised in collaboration of Pakistan-Japan Cultural Association and Monbukagakusho Alumni Associat
Published 10 Jan, 2005 12:00am
Mini-marathon for tsunami victims held

Mini-marathon for tsunami victims held

More than 17,000 people on Sunday participated in the 6km First Islamabad Mini Marathon dedicated to tsunami victims and for ensuring relief and contributions for the victims. Participants started gathering in F-9 park at about 9 am and were issued a coup
Published 10 Jan, 2005 12:00am
Government plans to produce 13,000MW power in 5 years: minister

Government plans to produce 13,000MW power in 5 years: minister

The government has planned to produce 13,000 MW electricity by utilising coal resources within next five years that will save the huge amount of foreign exchange being incurred on import of energy items. This was stated by Sindh Minister for Mines and Min
Published 10 Jan, 2005 12:00am
International Islamic University training course begins

International Islamic University training course begins

The International Islamic University (IIU) has started two months' long training course for officers of ministries of Foreign Affairs, commerce, trade, agricultural, senior lawyers and other stakeholders to teach them laws, rules and regulations of World
Published 10 Jan, 2005 12:00am
New building of Multan dry port opened

New building of Multan dry port opened

Member of Central Board of Revenue (CBR) for Exports Zafar Majeed on Saturday inaugurated the newly constructed building of Multan dry port near Shershah, some 16 kilometre west of Multan. He said that Multan is a very important city of Pakistan because t
Published 10 Jan, 2005 12:00am
APHC condemns harassment by Indian occupation troops

APHC condemns harassment by Indian occupation troops

In Indian occupied Kashmir, the All Parties Hurriyat Conference (APHC) has said the Indian occupation troops are harassing the innocent people to crush the struggle, reports Kashmir Media Service. In a statement, spokesman of APHC quoting a delegation fro
Published 10 Jan, 2005 12:00am
Seminar on Customs administrative reforms

Seminar on Customs administrative reforms

A major step forward in the way in which the cargo is dealt in and out of Pakistan is underway and will be implemented under the Customs Administrative Reforms (CARE) project, an in-house initiative of Central Board of Revenue (CBR). A seminar on the proj
Published 10 Jan, 2005 12:00am
PML to establish 'Sports wing': Mushahid

PML to establish 'Sports wing': Mushahid

Pakistan Muslim League would establish a "Sports wing" of the party to promote healthy activities for youth in the country. This was stated by Secretary General of Pakistan Muslim League (PML), Senator Mushahid Hussain Bayed while addressing the participa
Published 10 Jan, 2005 12:00am
Lawyers observe Black Day today

Lawyers observe Black Day today

The lawyers' fraternity across the country would observe today (Monday) 'Black Day' to protest against President Musharraf's decision to hold both the offices of the President and the Army Chief. The call of observing January 10, as black day was given by
Published 10 Jan, 2005 12:00am
Workshop on tobacco control, smoking cessation methods

Workshop on tobacco control, smoking cessation methods

Pakistan Chest Society in collaboration with Chest Medicine Department, JPMC and Section of Pulmonary and Critical Care Medicine, Aga Khan University is organising a two-day training workshop for health care professionals on tobacco control and smoking ce
Published 10 Jan, 2005 12:00am
Maleeha asked to continue serving on UN Advisory Board

Maleeha asked to continue serving on UN Advisory Board

Dr Maleeha Lodhi has been asked by the UN Secretary General Kofi Annan to continue serving on his Advisory Board for Disarmament Affairs for the fifth consecutive year. Pakistan's envoy to the UK, Maleeha has been a member of Annan's Advisory Board since
Published 10 Jan, 2005 12:00am
Multan Press Club poll results

Multan Press Club poll results

Rana Pervez Hameed (Khabrain) and Rao Waseem Asghar (Express) have been elected as President and General Secretary of Multan Press Club (MPC)for 2005 by bagging 181 and 141 votes respectively, while Nadeem Alam (Jang) and Jamil Qureshi (Naya Daur) were el
Published 10 Jan, 2005 12:00am
Female drug smugglers held

Female drug smugglers held

Police have seized 122 kilograms of hashish worth Rs 12.2 million and arrested two women who were running a narcotics den. Her husband was arrested four years ago and he is still in the prison. "We have arrested a female drug pusher Shehr Bano and her mai
Published 10 Jan, 2005 12:00am
Sialkot-Wazirabad road being converted into dual-way

Sialkot-Wazirabad road being converted into dual-way

Necessary arrangements are being finalised for converting Sialkot-Wazirabad road into dual-way costing Rs 1 billion and development work on this mega-project would be executed soon. Official sources told Business Recorder here on Saturday that the
Published 10 Jan, 2005 12:00am
Punjab governor vows to keep educational institutions politics-free

Punjab governor vows to keep educational institutions politics-free

Governor Punjab, Lieutenant General Khalid Maqbool (Retd) has expressed his resolve to keep the educational institutions free from politics Talking to the teachers and participants of Tennis match in staff club of the University of Agriculture Faisalabad
Published 10 Jan, 2005 12:00am
SKMTK launches Karachi diagnostic centre project

SKMTK launches Karachi diagnostic centre project

Shaukat Khanum Memorial Trust-Karachi (SKMTK) has launched its first modern and fully equipped diagnostic centre project in Karachi for diagnosis of cancer and other diseases that will start functioning in a year for which 2275 sq. yards land has already
Published 10 Jan, 2005 12:00am
'Road mishaps major cause of mortality, morbidity'

'Road mishaps major cause of mortality, morbidity'

Road accidents are the major cause of mortality and morbidity and pose serious challenges to public health system at global level, so government must enact and enforce legislation to control road accidents. This was stated by Dr Sania Nishtar, President o
Published 10 Jan, 2005 12:00am
Plan to eliminate Hepatitis and AIDS

Plan to eliminate Hepatitis and AIDS

Federal Minister for Health Muhammad Naseer Khan has said the government is going to launch an expanded programme for elimination of the malaise of Hepatitis-B, Hepatitis-C, AIDS and all other water borne and air borne diseases. While addressing the inaug
Published 10 Jan, 2005 12:00am
SME task force reviews policy development process

SME task force reviews policy development process

The second meeting of the Task Force for SME Development Policy reviewed the policy development process and discussed the recommendations of the working committees. Industries, Production and Special Initiatives (MOIP&SI) Ministry Additional Secretary Sye
Published 10 Jan, 2005 12:00am
MMA in contact with ARD for grand alliance: Fazl

MMA in contact with ARD for grand alliance: Fazl

Opposition leader Maulana Fazlur Rehman on Sunday said that the religious alliance was in contact with the Alliance for Restoration of Democracy (ARD) to form a Grand National Alliance (GDA) for launching a joint struggle against the military rule. "The m
Published 10 Jan, 2005 12:00am
'Resources to be used for people's welfare'

'Resources to be used for people's welfare'

NWFP Chief Minister Akram Khan Durrani has said that the Muttahida Majlis-i-Amal (MMA) government "firmly believes" in using the resources for the benefit of the people. Inaugurating the desilting campaign in the province on Friday, Durrani accused the pr
Published 10 Jan, 2005 12:00am
LHC benches for this week

LHC benches for this week

As many as 10 division benches and 23 single benches will work at principal seat of the Lahore High Court (LHC) from the week commencing from January 10 (Monday).
Published 10 Jan, 2005 12:00am
Jamhoori Wattan Party condemns criminal assault on lady doctor

Jamhoori Wattan Party condemns criminal assault on lady doctor

Jamhoori Wattan Party Secretary General Senator Amanullah Khan Kanrani has widely condemned the criminal assault on a lady doctor of Pakistan Petroleum Limited (PPL) in Sui, by Security Guards between the night of January 3 and 4. Addressing at a press co
Published 10 Jan, 2005 12:00am
Training workshop on paralegal aid concludes

Training workshop on paralegal aid concludes

A five-day national workshop on developing skills of paralegal through disseminating legal awareness to the workers community in the country was concluded here on Sunday. The main objective of the workshop, conducted by ISCOS, was to create a group of tal
Published 10 Jan, 2005 12:00am
RCCI asked to organise industrial fairs on regular basis

RCCI asked to organise industrial fairs on regular basis

District Nazim Raja Tariq Kiani has stressed the need for a broader vision among business community of Rawalpindi region, and said that efforts, energies and resources should be pooled for holding international industrial exhibitions in this area on regul
Published 10 Jan, 2005 12:00am
Jamaat-e-Islami opposes Basant festival celebration

Jamaat-e-Islami opposes Basant festival celebration

Hafiz Salman Butt Amir of Jamaat-e-Islami Lahore in a press conference here on Sunday has asked government not to allow celebration of Basant festival this year. He said as the world has seen a tragedy in the shape of Tsunami disaster recently, we as nati
Published 10 Jan, 2005 12:00am
Reorganisation of PML to be expedited: Shujaat

Reorganisation of PML to be expedited: Shujaat

President Pakistan Muslim League (PML), Chaudhry Shujaat Hussain on Sunday said that mass contact campaign of the party will be made more effective in order to accelerate the pace of reorganisation process of PML. Addressing a meeting of PML Lahore here,
Published 10 Jan, 2005 12:00am
Prime Minister's advisor visits Indus Motor Company

Prime Minister's advisor visits Indus Motor Company

Dr Salman Shah, advisor to the prime minister on finance, visited the Indus Motor Company during which he took a detailed round of the manufacturing facilities followed by a presentation by the Indus management team. He appreciated the efforts made by the
Published 10 Jan, 2005 12:00am
'Honey, almonds, fruits and vegetables cut cholesterol'

'Honey, almonds, fruits and vegetables cut cholesterol'

Important issues regarding surgical management of portal hypertension, management of locally advanced breast cancers, adrenal tumours and problems of oesophagectomy will be discussed in the grand clinical meeting of the Society of Surgeon of Pakistan to b
Published 10 Jan, 2005 12:00am
Customs and Income Tax training institutes merged

Customs and Income Tax training institutes merged

The federal government has merged the training institutes of Income Tax and Customs Groups into one entity for capacity-building training of the officers of these two departments. Informed sources have told Business Recorder that now the officers o
Published 10 Jan, 2005 12:00am
Population ministry's work plan approved

Population ministry's work plan approved

The government and UNFPA have approved the annual work plan for provision of $6 million grant to ministry of population welfare for implementation of family planning programme during 2005-06. The steering committee members including representatives of Uni
Published 10 Jan, 2005 12:00am
UNHCR helped return 0.384 million Afghan refugees

UNHCR helped return 0.384 million Afghan refugees

The UN refugee agency has assisted nearly 0.384 million Afghan refugees in repatriating from Pakistan during 2004. Currently repatriation process has been suspended due to inclement weather in the war-torn Afghanistan till March 2005. According to the UNH
Published 10 Jan, 2005 12:00am
Assurance to Gadoon units

Assurance to Gadoon units

The government has assured the textile units at Gadoon for the restoration of gas supply to them. A delegation of textile millers, led by the chairman All Pakistan Textile Mills Association, Arif Saeed, met the minister of petroleum and natural resources,
Published 10 Jan, 2005 12:00am
10th symposium on frontiers in physics

10th symposium on frontiers in physics

Pakistan Physical Society (PPS) is organising 10th national symposium on frontiers in physics from 11th to 14th January 2005 here at the Government College University. The inaugural session of the 4-day symposium will be held on January 11. Chairman Pakis
Published 10 Jan, 2005 12:00am
Fishermen still using antiquated gadgets

Fishermen still using antiquated gadgets

Fishermen at the Karachi Fish Harbour are still using antiquated gadgets as old as 30 years for fishing mainly because of the absence of money to invest for the upgradation/buying of modern gadgets and more importantly due to uneducated people who are inc
Published 10 Jan, 2005 12:00am
Function on Kalabagh dam fails to attract public representatives

Function on Kalabagh dam fails to attract public representatives

The function held under the auspices of Pakistan Literary & Cultural Society to create awareness regarding the controversial Kalabagh Dam failed to attract any of the popular public representatives or prominent figures of the North West Frontier Province
Published 10 Jan, 2005 12:00am
Over Rs 130 million released to 15 districts

Over Rs 130 million released to 15 districts

Under the Punjab Education Sector Reform Programme (PESRP), Punjab Finance Department has released the forth instalment of over Rs 130 million to 15 districts. According to sources, the districts of Bhakkar, Kasur, Okara, Lodhran, Vehari, Pakpattan, Jhang
Published 10 Jan, 2005 12:00am
Northern Areas Council flays terrorism in Gilgit

Northern Areas Council flays terrorism in Gilgit

Members of Northern Areas Legislative Council (NALC) have strongly condemned the recent terrorism act in Gilgit which left at least 15 people dead and many others injured. Following the bloody incident, the members headed by the Deputy Chief Executive Nor
Published 10 Jan, 2005 12:00am
Farm scientists to find remedy for mango trees disease

Farm scientists to find remedy for mango trees disease

The federal government has agreed to invite agriculture scientists and horticulturists of world repute to find the solution to mango orchard disease "Quick Decline" and "Mango-Midge" which had badly hit the orchards in southern Punjab. The government has
Published 10 Jan, 2005 12:00am
Punjab prepares plan for producing 300 megawatt electricity

Punjab prepares plan for producing 300 megawatt electricity

Punjab government has prepared a multi-pronged plan for producing 300 megawatt electricity aimed at providing inexpensive electricity to the masses in the Punjab. Official sources told Business Recorder here on Sunday that for this purpose 42 sites
Published 10 Jan, 2005 12:00am
CBR chairman thanked for accepting returns

CBR chairman thanked for accepting returns

Pakistan Yarn Merchants' Association (PYMA) (Punjab-Sarhad Zone) thanked Abdullah Yousaf, Chairman, Central Board of Revenue, for his decision to accept all income tax returns for the tax year 2003-04.
Published 10 Jan, 2005 12:00am
Minister sees bright prospects for Irri-6 rice export to China

Minister sees bright prospects for Irri-6 rice export to China

Pakistan can avail a golden chance of penetrating Chinese market by exporting a sizeable rice of Irri-6 variety there and it would be a safe and uncompetitive market for Pakistan, said Federal Food, Agriculture and Livestock Minister Malik Sikandar Hayat
Published 10 Jan, 2005 12:00am
Seven killed in occupied Kashmir

Seven killed in occupied Kashmir

Three Indian occupation army soldiers and a wanted commander of a major group were among seven people killed in the latest violence in Indian occupied Kashmir, police said on Sunday. A gun battle near the southern town of Shopian, 50km south of the occupi
Published 10 Jan, 2005 12:00am
Woman killed in rocket attack

Woman killed in rocket attack

A woman was killed and 14 others wounded in a rocket attack by unidentified tribesmen on a gas installation in the Sui area, officials said on Sunday. The civilian casualties occurred between late Saturday night and early Sunday as angry tribesmen continu
Published 10 Jan, 2005 12:00am
Sea Festival concludes: glories of Karachi restored: Ibad

Sea Festival concludes: glories of Karachi restored: Ibad

Governor Sindh, Dr Ishratul Ibad has said that Karachi is the city of peace, harmony, love and brotherhood, and through collective efforts of the government and the people glories of the city have been restored and life's routine is normal. Addressing the
Published 10 Jan, 2005 12:00am
Political calm may be a prelude to long-drawn struggle

Political calm may be a prelude to long-drawn struggle

There is relative calm on political canvas at the moment. Is it a prelude to a long-drawn political struggle? Of course, the answer is not known. However, like uneasy calm before storm in a sea, apparently all is well all around. Alliance for the Restorat
Published 10 Jan, 2005 12:00am
Canadian team visits Taxila museum

Canadian team visits Taxila museum

A five-member Canadian parliamentary delegation led by House of Commons Speaker Peter Milliken visited Archaeological Taxila Museum and ancient site of Julian here on Sunday. The visiting delegation, which was accompanied by officials of Canadian High Com
Published 10 Jan, 2005 12:00am
Security tightened in Lahore

Security tightened in Lahore

The law enforcing agencies have tightened security in the provincial metropolis to avoid any untoward incident following the Gilgit incident. Police sources told APP that law enforcing agencies are taking special measures to ensure law and order in the ci
Published 10 Jan, 2005 12:00am
Emirates to open ticketing facility at Islamabad International Airport

Emirates to open ticketing facility at Islamabad International Airport

The Emirates Airlines, one of the carriers of the United Arab Airlines is opening a ticketing and reservation facility at the Islamabad International Airport (IIA) from Tuesday. This will be first airport office of a foreign airlines at the Islamabad Inte
Published 10 Jan, 2005 12:00am
KGH organises free medical camp

KGH organises free medical camp

Kharadar General Hospital organised a free medical camp on Sunday in memory of late Latif Ibrahim Jamal. Inaugurating the camp Aziz Jamal pledged to continue the social services of his father, he said that to provide service to the humanity is like worshi
Published 10 Jan, 2005 12:00am
PharmEvo's calendar with poetry launched

PharmEvo's calendar with poetry launched

Every year new calendar gives us a thought-provoking thing that the past never comes again, says Dr Abdul Wahab, former vice-chancellor Karachi University & President, M A Jinnah University, on Friday. He was speaking at an inauguration ceremony of PharmE
Published 10 Jan, 2005 12:00am
Mansoor made Saudi-Pak Bank chief executive officer

Mansoor made Saudi-Pak Bank chief executive officer

The Saudi-Pak Commercial Bank has appointed Mansoor M. Khan, a prominent banker, as its new chief executive officer (CEO), according to Press release. At present, Mansoor Khan is serving the UBL as the senior executive vice-president and group executive,
Published 10 Jan, 2005 12:00am
ISO holds demonstration against attack on religious leader

ISO holds demonstration against attack on religious leader

Activists of Jamia-tul-Muntuzar, Imamia Students Organisation (ISO) Talaba Baltistani agitated against the attack on their leader Agha Ziauddin Rizvi in Gilgit at the Lahore Press Club, on Sunday. Allama Ijaz Hussain Rizvi speaking on the occasion asked t
Published 10 Jan, 2005 12:00am
Ban on two-stroke vehicles criticised

Ban on two-stroke vehicles criticised

Muttahida Rickshaw-Taxi Drivers Union Punjab has criticised the Punjab government for banning manufacturing of two-stroke auto rickshaws and pick-up vans in the province and said it will add to unemployment. Addressing a news conference here on Sunday, Un
Published 10 Jan, 2005 12:00am
'Special week' for special children

'Special week' for special children

The Punjab government in collaboration with an NGO-Lahore Businessmen Association for Rehabilitation of Disabled (Labard), was going to celebrate special week for special children. Punjab Special Education Minister Qudsia Lodhi stated this while speaking
Published 10 Jan, 2005 12:00am
35 percent increase in dacoities, robberies last year: report

35 percent increase in dacoities, robberies last year: report

A total number of 63,135 cases of dacoities, robberies and theft have been registered by the police in all the four provinces and the Federal capital during 2004. Besides, the stolen goods worth Rs 4.17 billion have been recovered. According to a report,
Published 10 Jan, 2005 12:00am
July-December PSO profit may show 11.8 percent growth

July-December PSO profit may show 11.8 percent growth

The profit of the Pakistan State Oil (PSO) in the first six months of the current fiscal year is likely to show a growth of 11.8 percent because of higher furnace oil consumption. The net earnings of the PSO in the first quarter ended September 30 amounte
Published 10 Jan, 2005 12:00am
July-December PSO profit may show 11.8 percent growth

July-December PSO profit may show 11.8 percent growth

The profit of the Pakistan State Oil (PSO) in the first six months of the current fiscal year is likely to show a growth of 11.8 percent because of higher furnace oil consumption. The net earnings of the PSO in the first quarter ended September 30 amounte
Published 10 Jan, 2005 12:00am
Israel hopes Abbas victory will herald era of peace

Israel hopes Abbas victory will herald era of peace

Israel hopes that Mahmud Abbas, whom exit polls suggested overwhelmingly won Sunday's election to succeed Yasser Arafat, will usher in a new era of peace, a senior government official said. "We hope that by electing Abu Mazen (Abbas's nickname), Palestini
Published 10 Jan, 2005 12:00am
Israel hopes Abbas victory will herald era of peace

Israel hopes Abbas victory will herald era of peace

Israel hopes that Mahmud Abbas, whom exit polls suggested overwhelmingly won Sunday's election to succeed Yasser Arafat, will usher in a new era of peace, a senior government official said. "We hope that by electing Abu Mazen (Abbas's nickname), Palestini
Published 10 Jan, 2005 12:00am
RCITs told to implement Zone-B idea of tax facilitation centres

RCITs told to implement Zone-B idea of tax facilitation centres

The Central Board of Revenue (CBR), while appreciating the novel concept introduced recently by Zone-B of Eastern Region to set up Tax Facilitation Centres/Camps (TFCs) in the markets, have directed all the Regional Commissioners of Income Tax (RCITs) to
Published 10 Jan, 2005 12:00am
RCITs told to implement Zone-B idea of tax facilitation centres

RCITs told to implement Zone-B idea of tax facilitation centres

The Central Board of Revenue (CBR), while appreciating the novel concept introduced recently by Zone-B of Eastern Region to set up Tax Facilitation Centres/Camps (TFCs) in the markets, have directed all the Regional Commissioners of Income Tax (RCITs) to
Published 10 Jan, 2005 12:00am
US Centcom Commander arrives

US Centcom Commander arrives

US Centcom Commander General John P. Abizaid arrived here on a two-day official visit to Pakistan on Sunday. He was received by Pakistan Army Weapon and Equipment Director General Lieutenant General Imtiaz Hussain and other senior military officials at th
Published 10 Jan, 2005 12:00am
US Centcom Commander arrives

US Centcom Commander arrives

US Centcom Commander General John P. Abizaid arrived here on a two-day official visit to Pakistan on Sunday. He was received by Pakistan Army Weapon and Equipment Director General Lieutenant General Imtiaz Hussain and other senior military officials at th
Published 10 Jan, 2005 12:00am
Textile quota phase-out heats up cotton and textile markets

Textile quota phase-out heats up cotton and textile markets

Latest cotton arrival figures strongly indicate a record high cotton crop of 14.5 - 15.00 million local bales in the 2004-05 season after 13 years since 1991-92, when a record high crop of 12.8 million bales was harvested. During the last 13 years, the go
Published 10 Jan, 2005 12:00am
Textile quota phase-out heats up cotton and textile markets

Textile quota phase-out heats up cotton and textile markets

Latest cotton arrival figures strongly indicate a record high cotton crop of 14.5 - 15.00 million local bales in the 2004-05 season after 13 years since 1991-92, when a record high crop of 12.8 million bales was harvested. During the last 13 years, the go
Published 10 Jan, 2005 12:00am
Textile quota phase-out heats up cotton and textile markets

Textile quota phase-out heats up cotton and textile markets

Latest cotton arrival figures strongly indicate a record high cotton crop of 14.5 - 15.00 million local bales in the 2004-05 season after 13 years since 1991-92, when a record high crop of 12.8 million bales was harvested. During the last 13 years, the go
Published 10 Jan, 2005 12:00am
Violence spreads in 2 more towns

Violence spreads in 2 more towns

Violence spread to two remote northern towns on Sunday, a day after 14 people were killed in violence that erupted following an attack on a Shia leader, officials said. Hundreds of angry youth burnt tyres and blocked roads in the northern mountain town of
Published 10 Jan, 2005 12:00am
Violence spreads in 2 more towns

Violence spreads in 2 more towns

Violence spread to two remote northern towns on Sunday, a day after 14 people were killed in violence that erupted following an attack on a Shia leader, officials said. Hundreds of angry youth burnt tyres and blocked roads in the northern mountain town of
Published 10 Jan, 2005 12:00am
Mauritius-based firm to buy 25 percent shares in NIB

Mauritius-based firm to buy 25 percent shares in NIB

Mauritius based-Bugis Investment and their associate have decided to buy 25 percent share in a listed bank, NDLC-IFIC, locally known as NIB. According to a notice issued by the Karachi Stock Exchange (KSE), Bugis Investments (Mauritius) Ltd has agreed wit
Published 10 Jan, 2005 12:00am
Mauritius-based firm to buy 25 percent shares in NIB

Mauritius-based firm to buy 25 percent shares in NIB

Mauritius based-Bugis Investment and their associate have decided to buy 25 percent share in a listed bank, NDLC-IFIC, locally known as NIB. According to a notice issued by the Karachi Stock Exchange (KSE), Bugis Investments (Mauritius) Ltd has agreed wit
Published 10 Jan, 2005 12:00am
Asian importers hushed by vanishing oil premium

Asian importers hushed by vanishing oil premium

Asian oil importers may try to persuade their core Middle East crude suppliers to bring down sky-high prices when they meet this week, but for the time being, at least, they cannot claim to be unfairly singled out. Since September, for the first time in m
Published 10 Jan, 2005 12:00am
Conference on Arab media echos for 'reform'

Conference on Arab media echos for 'reform'

A conference on Arab media which opened here Sunday heard calls by two Emirati officials for the Arab world to embrace reform and not allow extremists to hinder change in the name of Islam. Any attempt to make Arab media more effective will remain fruitle
Published 10 Jan, 2005 12:00am
LSE set to step up pace of talks with suitors

LSE set to step up pace of talks with suitors

The London Stock Exchange is set to step up the pace of talks on take-over proposals from rival suitors Deutsche Boerse and Euronext, sources said on Sunday, but they dismissed reports of a looming deadline. The LSE met once with the Frankfurt exchange la
Published 10 Jan, 2005 12:00am
Average badla rates up at 17 percent

Average badla rates up at 17 percent

The average badla rates in investment and trading stocks hovered between 12 percent and 17 percent because of the substantial increase in equity prices and slight pressure in the money market, analysts said. Bullish sentiments prevailed at the Karachi Sto
Published 10 Jan, 2005 12:00am
Average badla rates up at 17 percent

Average badla rates up at 17 percent

The average badla rates in investment and trading stocks hovered between 12 percent and 17 percent because of the substantial increase in equity prices and slight pressure in the money market, analysts said. Bullish sentiments prevailed at the Karachi Sto
Published 10 Jan, 2005 12:00am
Bulls rampage on KSE

Bulls rampage on KSE

Despite selling pressure at the weekend, the market scored a century during last week as nearly all the pivotal touched their all-time high level belonging to textile, banking and cement sectors. Bulls continue their upward drive on last week with the net
Published 10 Jan, 2005 12:00am
Bulls rampage on KSE

Bulls rampage on KSE

Despite selling pressure at the weekend, the market scored a century during last week as nearly all the pivotal touched their all-time high level belonging to textile, banking and cement sectors. Bulls continue their upward drive on last week with the net
Published 10 Jan, 2005 12:00am
Indonesia and Thailand to buy more Pakistani raw cotton

Indonesia and Thailand to buy more Pakistani raw cotton

Despite devastating impact of tsunami, Indonesia and Thailand's textile industry was intact and the two countries were buying more raw cotton from Pakistan, exporters said. Private sector has contracted for export of 800,000 bales and expect to export abo
Published 10 Jan, 2005 12:00am
Indonesia and Thailand to buy more Pakistani raw cotton

Indonesia and Thailand to buy more Pakistani raw cotton

Despite devastating impact of tsunami, Indonesia and Thailand's textile industry was intact and the two countries were buying more raw cotton from Pakistan, exporters said. Private sector has contracted for export of 800,000 bales and expect to export abo
Published 10 Jan, 2005 12:00am
Daimler Chrysler investors team due today

Daimler Chrysler investors team due today

An eight-member delegation of foreign investors of Daimler Chrysler, owned by European, USA and other investors, will reach Pakistan on Monday to finalise investment plans to start production of Mercedes-Benz car and trucks of all kinds, including special
Published 10 Jan, 2005 12:00am
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