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Print - 2005-01-17
Message from vice president, T S International

Message from vice president, T S International

I take this opportunity to congratulate the organisers of Indo Pak Reverence Conference 2005. Also glad to know that Business Recorder is bringing out a Special Report on the occasion and tried to interact people of both the countries As well as Bu
Published 17 Jan, 2005 12:00am
Message from vice chairman EPB Government of Pakistan

Message from vice chairman EPB Government of Pakistan

It gives me great pleasure to know that the daily Business Recorder of Karachi is bringing out a Special Report that will be published on the occasion of the Indo-Pak Reverence Conference 2005 in January at Pune. The conference will promote Indo-Pa
Published 17 Jan, 2005 12:00am
Message from leader of the delegation

Message from leader of the delegation

It is a mater of great satisfaction that Business Recorder is bringing out a special report on the historic occasion of Indo-Pak Reverence Conference 2005, Pune India. It is a fact that the two countries are separated by physical boundaries. Howeve
Published 17 Jan, 2005 12:00am
Palestinians return to harsh reality in aftermath of elections

Palestinians return to harsh reality in aftermath of elections

After three hours of waiting in line at the Qalandia checkpoint under the shadow of Israel's separation barrier, 73-year-old Julia Saabah finally manages to cross to "the other side" and head for her home in Jerusalem. Although she has faith in newly-elec
Published 17 Jan, 2005 12:00am
Mango killer disease in Sindh

Mango killer disease in Sindh

Mango, Mangifera indica L. is one of the most important foreign currency earning fruit crops of Pakistan and offers a wide choice of near about 200 mango varieties. Some of the most famous varieties are Sindhri, Dasheri, Siroli, Summer Behist Chaunsa, Bag
Published 17 Jan, 2005 12:00am
Development of maize in moisture stress areas

Development of maize in moisture stress areas

Moisture stress areas generally exist when there is insufficient water available to a crop or a condition in which available soil moisture is depleted to a point that the plant growth is adversely affected. The critical period of plant growth usually star
Published 17 Jan, 2005 12:00am
Towards poverty reduction

Towards poverty reduction

Given the distribution of income in Pakistan based on 2001-02 estimates, every rupee increment in GDP accrues 48 paisas to the richest 20 percent of the population and 7 paisas to the poorest 20 percent. In other words, the richest segment of the populati
Published 17 Jan, 2005 12:00am
Taxpayers and CBR

Taxpayers and CBR

Your editorial 11.1.2005 under the caption "how best to deal with tax-related crimes" is timely, and should communicate the situation if the approach of FIA is successful. In case powers are delegated to the FIA in any manner to investigate the tax-relate
Published 17 Jan, 2005 12:00am
Car prices and delivery periods

Car prices and delivery periods

This refers to the letters written by Captain (Retd) Ghulam Shabir and Mumtaz Piracha that have appeared in newspaper (January 12, 2005) on the issue of car prices and their delivery periods. As an industry analyst i would like to share my views on the su
Published 17 Jan, 2005 12:00am
The descending dollar

The descending dollar

Between 1879 and 1934 all the major nations of the world adhered to a fixed-rate system called the gold standard. In this system a country had to define its currency in terms of a quantity of gold, maintain a stock of gold which was a certain fixed ratio
Published 17 Jan, 2005 12:00am
Rectifying errors in tax returns

Rectifying errors in tax returns

According to a Business Recorder report in the issue of 15th January, the Central Board of Revenue has launched a countrywide exercise to rectify errors in the income tax returns for the 'tax year 2003'. The report, quoting official sources, also h
Published 17 Jan, 2005 12:00am
Waiting for the next step in Balochistan

Waiting for the next step in Balochistan

The Balochistan government made a formal request last Friday to the Federal government to provide security at the natural gas installations in the Sui area, where a recent incident of gang rape of a doctor had triggered fierce clashes between Baloch natio
Published 17 Jan, 2005 12:00am
Australia chasing South Africa and West Indies

Australia chasing South Africa and West Indies

Australia will seek to host the West Indies and South Africa for Test series during the 2005-2006 season, Cricket Australia chief executive James Sutherland confirmed here on Sunday. Sutherland said Cricket Australia (CA) - the sport's governing body here
Published 17 Jan, 2005 12:00am
Federer wary of Hewitt threat

Federer wary of Hewitt threat

World number one Roger Federer believes local hero Lleyton Hewitt could be his biggest threat at the Australian Open. Federer, who starts as the overwhelming favourite to defend his crown over the coming fortnight, said he believed home-turf advantage wou
Published 17 Jan, 2005 12:00am
Trescothick keeps English hope alive

Trescothick keeps English hope alive

Marcus Trescothick kept England's hopes of victory alive with a defiant century on the fourth day of the fourth Test against South Africa on Sunday. England were 197 for five in their second innings, a lead of 189, when bad light ended play 14.4 overs ear
Published 17 Jan, 2005 12:00am
Russian tsarinas eyeing slam at injury-hit Australian Open

Russian tsarinas eyeing slam at injury-hit Australian Open

Who can stop the relentless advance of Russia's 'tsarinas' is the question as an injury-hit Australian Open women's singles gets under way here on Monday. Having never won a grand slam title before last season, Russian women now stand on the brink of hold
Published 17 Jan, 2005 12:00am
Gayle under injury cloud

Gayle under injury cloud

West Indian opener Chris Gayle is in doubt for Wednesday's tri-series match against Pakistan in Brisbane because of a shoulder injury. The left-handed batsman inflamed tendons in his right shoulder throwing a ball from the outfield during Australia's 116-
Published 17 Jan, 2005 12:00am
Taibu and Taylor shine for Zimbabwe

Taibu and Taylor shine for Zimbabwe

Zimbabwe captain Tatenda Taibu and Brendan Taylor hit impressive half-centuries under pressure to boost hopes of setting a stiff target for Bangladesh in the second and final Test here on Sunday. Zimbabwe were wobbling at 37-4 following fast bowler Mashra
Published 17 Jan, 2005 12:00am
World champs win out but Pakistan stand tall

World champs win out but Pakistan stand tall

A revitalised Pakistan posted a respectable total but world champions Australia still coasted home to a four-wicket victory in their tri-series one-day cricket match at Bellerive Oval here on Sunday. The tourists opted for a strong batting line-up that re
Published 17 Jan, 2005 12:00am
SHOs asked for safe transportation of hides on Eid

SHOs asked for safe transportation of hides on Eid

Inspector General Police, Sindh, Syed Kamal Shah on Sunday ordered Sindh police to make extra ordinary efforts to provide protection to people and sellers of sacrificial animals. In a special directive IG Police ordered all District and Town Police Office
Published 17 Jan, 2005 12:00am
Dacoits loot medicines worth Rs 20 million

Dacoits loot medicines worth Rs 20 million

Unidentified dacoits made a clean sweep at life saving drugs warehouse located in thickly populated area and fled away after loading precious medicines worth more then Rs 20 million in two trucks in at least six hours labour while police remained fail in
Published 17 Jan, 2005 12:00am
'Government believes in supremacy of constitution'

'Government believes in supremacy of constitution'

Punjab Culture and Youth Affairs Minister Shaukat Ali Bhatti on Sunday said the government believes in the supremacy of the constitution, and is working on the principles of good governance. Addressing a prize-awarding ceremony at a local school, he said
Published 17 Jan, 2005 12:00am
Solution to Balochistan problems through dialogue stressed

Solution to Balochistan problems through dialogue stressed

Chairman Senate Standing Committee on Local Government and Rural Development, Senator Sarwar Khan Kakar has called for broad-based reconciliation and resolution of Balochistan problems through dialogue. In a statement on Sunday, Sarwar Khan Kakar said, ex
Published 17 Jan, 2005 12:00am
DBA office-bearers

DBA office-bearers

Asif Nawaz Kharal and Syed Nasir Hussain Sherazi were elected as president and general secretary respectively of the District Bar Association Hafizabad in annual elections for the current year. Other elected office bearers are vice president Gazi Touqeer
Published 17 Jan, 2005 12:00am
JPMC needs one more CT scanner

JPMC needs one more CT scanner

The radiology department of Jinnah Postgraduate Medical Centre (JPMC) is in dire need of procuring one more CT scanner machine due to every day increasing burden of patients on the only old CT scan installed at the department. Head of department Dr Tariq
Published 17 Jan, 2005 12:00am
Pakistan to host ACD moot in September

Pakistan to host ACD moot in September

Pakistan will host the Asia Co-operation Dialogue (ACD) conference in September for intensifying the efforts to adopt a common strategy developing agriculture sector to alleviate poverty. The seminar, to be attended by senior officials from 23 Asian count
Published 17 Jan, 2005 12:00am
SNGPL seeks consumers' help in load management

SNGPL seeks consumers' help in load management

A spokesman of Sui Northern Gas Pipelines Limited (SNGPL) has appealed to the consumers in Punjab and NWFP provinces to keep heaters and geysers off so that gas could be provided to more than two million domestic consumers in a smooth manner. "We hope tha
Published 17 Jan, 2005 12:00am
Vigilance wing at customs Intelligence on cards

Vigilance wing at customs Intelligence on cards

In order to cope the increasing threat of terrorism, overcome illegal trade activity at border and checking smuggling, the government has been contemplating to set up a specialised Vigilance Wing at Customs Intelligence and Investigation.
Published 17 Jan, 2005 12:00am
Grand anti-Musharraf alliance in the offing

Grand anti-Musharraf alliance in the offing

As once earlier, the Alliance for the Restoration of Democracy (ARD), its allies and the Muttahida Majlis-i-Amal are again pondering over joining hands against the President. Both sides have clearly dropped hints at formation of a grand alliance. Even, th
Published 17 Jan, 2005 12:00am
Some essentials move up on commodity markets

Some essentials move up on commodity markets

Some essentials registered rise on the wholesale commodity markets during the week ended on January 15, 2005. The prices of wheat, sugar and gram recorded gains significantly while other commodities registered modest rise and following to Eidul Azha celeb
Published 17 Jan, 2005 12:00am
Recent bird flu cases in South Asia creates fears in Pakistan

Recent bird flu cases in South Asia creates fears in Pakistan

The recent Bird Flu-caused deaths in Southeast Asian region have sent a fresh wave of fear at official level in Pakistan and authorities have directed anti virus workers to put their operations on heightened alert across the country. The move came days af
Published 17 Jan, 2005 12:00am
Lahore High Court benches for the week

Lahore High Court benches for the week

As many as nine division benches and 21 single benches will work at principal seat of the Lahore High Court (LHC) from the week commencing from Monday (January 17). According to a notification, division benches are headed by Justice Chaudhry, Ijaz Ahmad,
Published 17 Jan, 2005 12:00am
ADB approves $11 million loan for NWFP education boost

ADB approves $11 million loan for NWFP education boost

The Asian Development Bank (ADB) has approved a soft-loan of over Rs 11 million for restructuring of technical education and vocational training system in NWFP that would be made part of the new budget of next financial year 2005-06 in case of timely prov
Published 17 Jan, 2005 12:00am
One killed, 3 hurt in firing

One killed, 3 hurt in firing

One labourer was killed and three others injured when unknown gunmen opened indiscriminate firing on Warsak Road in Peshawar on Sunday. According to report, the unknown bandits had blocked the Warsak Road near Safaid Sang and asked a vehicle to stop, but
Published 17 Jan, 2005 12:00am
Tareen to open PITAC project

Tareen to open PITAC project

The Federal Minister for Industries, Production and Special Initiatives, Jehangir Khan Tareen, will inaugurate the PITAC project on Balancing and Modernisation of Workshop Facilitation here on Wednesday (January 19).
Published 17 Jan, 2005 12:00am
Collectors' role lauded

Collectors' role lauded

Sarhad Chamber Executive Committee Member and Frontier Customs Agents Group Chairman Zia-ul-Haq Sarhadi has hailed Customs Collector Liaquat Alley Agha and Sales Tax Collector Ghulam Ahmad for clearance of rebate and sales tax refund cases during last thr
Published 17 Jan, 2005 12:00am
Export talk pushes up cotton prices

Export talk pushes up cotton prices

Negotiations about the cotton exports to South Asian and tsunami-hit states have boosted the prices in the local market last week, relevant sources said. Persistent rise in the cotton demand by the buyers pushed the prices at Rs 2175 in the ready business
Published 17 Jan, 2005 12:00am
Karachi University convocation

Karachi University convocation

The annual convocation of University of Karachi would be held in the last week of February or first week of March. However, the final date would be announced after assent by Chancellor Dr Ishratul Ibad Khan, governor of Sindh. The degrees would also be co
Published 17 Jan, 2005 12:00am
Mufti government has converted IOK into police state: JKLF

Mufti government has converted IOK into police state: JKLF

Jammu and Kashmir Liberation Front (JKLF) chairman Yasin Malik has accused Mufti Mohammad Sayeed government of converting the Indian occupied Jammu and Kashmir into a police state and stopping people from expressing their ideas. He said Mufti claims that
Published 17 Jan, 2005 12:00am
President lauds Dr Atta's services

President lauds Dr Atta's services

President General Pervez Musharraf has lauded the untiring efforts of Professor Dr Atta-ur-Rehman, Federal Minister and Chairman Higher Education Commission, for promotion of science, technology and higher education in Pakistan. "The efforts of Dr Atta-ur
Published 17 Jan, 2005 12:00am
'Country heading towards anarchy'

'Country heading towards anarchy'

The country is heading towards anarchy and civil war due to ill-conceived policies of the present regime and military government had opened a number of fronts in southern Waziristan and Balochistan, politicians should adopt unanimous strategy to meet the
Published 17 Jan, 2005 12:00am
Nadra activates system to curb CNIC forgery

Nadra activates system to curb CNIC forgery

National Database and Registration Authority (Nadra) has activated the most modern, state of the art, Automated Finger Identification System (AFIS) to eliminate duplication and forgery of Computerised National Identity Cards (CNIC). This system can check
Published 17 Jan, 2005 12:00am
India held responsible for prolonging dialogue process

India held responsible for prolonging dialogue process

Former foreign minister Gohar Ayub Khan has said India will try to prolong the dialogue process with Pakistan with the ulterior motives to avoid peaceful solution of the Indian occupied Kashmir problem. He was speaking at the "Reflections on Kashmir" lunc
Published 17 Jan, 2005 12:00am
Sikandar lauds Musharraf's stance on Kashmir

Sikandar lauds Musharraf's stance on Kashmir

Prime Minister Azad Jammu and Kashmir Sardar Sikander Hayat Khan on Sunday lauded the stern stance of President Pervez Musharraf on Kashmir issue and retaliated India with matching response. Addressing to delegates at his ancestral city Fathepur, Takyala
Published 17 Jan, 2005 12:00am
Kashmiris advised to join mainstream British politics

Kashmiris advised to join mainstream British politics

British Kashmiris should support only that political party in the next British general elections which commits itself to the just cause of Kashmir, said Azad Jammu and Kashmir (AJK) Legislative Assembly member for Overseas Kashmiris in the UK Chaudhry Moh
Published 17 Jan, 2005 12:00am
Horse and cattle show ends

Horse and cattle show ends

The four-day colourful event of Horse and Cattle show of the district was concluded here on Sunday. Punjab ministers, Rana Shamshad Khan, Bahadar Khan Dareshak, and Gul Hameed Khan Rokhri were chief guests at the event. Khatak-sword dance, camel and horse
Published 17 Jan, 2005 12:00am
Government vigilant to waterfowls' protection

Government vigilant to waterfowls' protection

The Wildlife Department has decided to undertake a number of preventive measures for protection and conservation of the waterfowls which are flying towards Pakistan's attractive lakes and water reservoirs, as season has started, official said. "In this co
Published 17 Jan, 2005 12:00am
Operation no solution to Balochistan issue: PPP

Operation no solution to Balochistan issue: PPP

Pakistan Peoples Party (PPP) Sindh has said military operation is not the solution of any dispute and the government should tackle the Balochistan issue through political means. Addressing a news conference at the Peoples Secretariat here on Sunday, the P
Published 17 Jan, 2005 12:00am
Need to forge unity among Muslims stressed

Need to forge unity among Muslims stressed

The Islamic world is passing through critical time today, therefore, at this stage there is need of a leader who could get the Muslim Ummah out of the prevailing situation and gather them at one platform. These views were expressed by Sahibzada Sultan Ahm
Published 17 Jan, 2005 12:00am
Uplift package for rural areas soon: Kasuri

Uplift package for rural areas soon: Kasuri

Foreign Minister Khurshid Mahmood Kasuri on Sunday said that the government was working on a comprehensive programme for the development of rural areas. He stated this while inaugurating a contact office at Allahabad and addressing a public gathering at K
Published 17 Jan, 2005 12:00am
Balochistan resources being tapped: Shaukat

Balochistan resources being tapped: Shaukat

Prime Minister Shaukat Aziz on Sunday said there are huge reserves of oil, gas and natural resources in Balochistan and added that the government is focusing to tap these reserves. He was talking to Minister of State for Petroleum and Natural Resource Mir
Published 17 Jan, 2005 12:00am
APHC to launch anti-poll drive from today

APHC to launch anti-poll drive from today

The All Parties Hurriyat Conference (APHC) at a meeting in Indian occupied Srinagar on Sunday decided to launch large-scale polls campaign against the forthcoming local bodies polls ploy from Monday. Several teams were constituted to visit every village a
Published 17 Jan, 2005 12:00am
'Alternative routes for Jinnah Terminal planned'

'Alternative routes for Jinnah Terminal planned'

Two alternative routes for Jinnah Terminal at the Karachi Airport have been planned and talks are being held with a Japanese company for the construction of one route, City Nazim Naimatullah Khan said here on Saturday. Speaking at the inauguration ceremon
Published 17 Jan, 2005 12:00am
Punjab chief minister meets Chinese team

Punjab chief minister meets Chinese team

Punjab Chief Minister Chaudhry Pervaiz Elahi in a meeting with the Chinese delegation under the leadership of Zhou Keren, Vice Chairman, Foreign Affairs Committee, here on Sunday briefed them of salient features of economic uplift in the province. The chi
Published 17 Jan, 2005 12:00am
Private team leaves for Pune to attend Pak-India moot

Private team leaves for Pune to attend Pak-India moot

The people of Pakistan and India are anxious to come near each other, a prominent businessman, Mohammad Hussain Dhanji, head of a private delegation, said here on Sunday at the time of departure to India to participate in Indo-Pak Reverence Conference at
Published 17 Jan, 2005 12:00am
Model park inaugurated

Model park inaugurated

City Nazim Naimatullah Khan Advocate inaugurated Mahmoodabad Model Park in Jamshed Town here on Sunday. The Mahmoodabad Model park encircles an area of 10 acres. Addressing the inauguration ceremony the City Nazim announced that following the demands of t
Published 17 Jan, 2005 12:00am
Politicians asked not to side with saboteurs

Politicians asked not to side with saboteurs

President Pakistan Muslim League, Chaudhry Shujaat Hussain on Sunday appealed to the politicians that they should not side with those people, who are sabotaging the development projects in Balochistan. He was talking to Rauf Sasoli of Jamhoori Watan Party
Published 17 Jan, 2005 12:00am
Baglihar dam to hit country's economy: PML-N

Baglihar dam to hit country's economy: PML-N

Pakistan Muslim League (N) has put the blame of construction of Baglihar dam on President General Pervez Musharraf, saying it would affect economy of the country adversely. Speaking at a news conference here on Sunday, PML-N Central Secretary Information
Published 17 Jan, 2005 12:00am
Fruit and vegetable exhibition ends

Fruit and vegetable exhibition ends

The 13th National Citrus Fruits and Winter Vegetable Expo concluded here on Sunday with Saeed Ihsan Farms of Faisalabad bagging first prize for producing the best Kinnow in size, taste, aroma and colour. They also bagged the first prizes for improved qual
Published 17 Jan, 2005 12:00am
Curfew break in Gilgit

Curfew break in Gilgit

Local administration announced a two-hour curfew break on Sunday in Gilgit after four days. Curfew was relaxed from 2:00 pm to 4:00 pm. People were allowed to use vehicles during the break whereas gathering anywhere in the city was prohibited. The city ha
Published 17 Jan, 2005 12:00am
CPNE flays press advice practice

CPNE flays press advice practice

The Standing Committee session of Council of Pakistan Newspapers Editors (CPNE) has reiterated its resolve of playing role for the promotion of free & fair journalism in the society. CPNE President Arif Nizami chaired the session held here at a local hote
Published 17 Jan, 2005 12:00am
Number of special trains for Eid increased

Number of special trains for Eid increased

To facilitate the public, Pakistan Railways has announced to further increase the number of special passenger trains on the occasion of Eid-ul-Azha, which will be run from Quetta and Karachi to Lahore, Rawalpindi, Peshawar, Faisalabad and Sargodha and fro
Published 17 Jan, 2005 12:00am
'Purchase of medicines for government hospitals to be streamlined'

'Purchase of medicines for government hospitals to be streamlined'

The federal government plans to streamline purchase of medicines for all government hospitals worth billions of rupees to control wastage and pilferage, federal health secretary Syed Anwar Mahmood told Business Recorder here on Sunday. He said that
Published 17 Jan, 2005 12:00am
Shaukat for concerted South Asian efforts to fight AIDS

Shaukat for concerted South Asian efforts to fight AIDS

Prime Minister Shaukat Aziz on Saturday said that durable peace and climate of trust could provide the right kind of atmosphere in South Asia to intensify the efforts directed against the scourge as deadly as AIDS. He was speaking at a dinner, hosted in h
Published 17 Jan, 2005 12:00am
11 killed in Indian occupied Kashmir

11 killed in Indian occupied Kashmir

A 25-hour stand-off between freedom fighters and Indian occupation forces in Indian occupied Kashmir's main city ended on Sunday after two freedom fighters holed up inside an indoor stadium were killed by occupation troops, police said. They said one of t
Published 17 Jan, 2005 12:00am
11 killed in Indian occupied Kashmir

11 killed in Indian occupied Kashmir

A 25-hour stand-off between freedom fighters and Indian occupation forces in Indian occupied Kashmir's main city ended on Sunday after two freedom fighters holed up inside an indoor stadium were killed by occupation troops, police said. They said one of t
Published 17 Jan, 2005 12:00am
Dialogue process on right track: Natwar

Dialogue process on right track: Natwar

Emphasising that Indo-Pak composite dialogue process is on the "right track", Indian External Affairs Minister K Natwar Singh on Sunday said that this did not mean that a major breakthrough was achieved on Kashmir dispute. Dialogue process is on the right
Published 17 Jan, 2005 12:00am
Dialogue process on right track: Natwar

Dialogue process on right track: Natwar

Emphasising that Indo-Pak composite dialogue process is on the "right track", Indian External Affairs Minister K Natwar Singh on Sunday said that this did not mean that a major breakthrough was achieved on Kashmir dispute. Dialogue process is on the right
Published 17 Jan, 2005 12:00am
US carrying out covert missions in Iran: report

US carrying out covert missions in Iran: report

The United States has been conducting secret reconnaissance missions inside Iran to help identify potential nuclear, chemical and missile targets, The New Yorker magazine reported on Sunday. The article, by award-winning reporter Seymour Hersh, said the s
Published 17 Jan, 2005 12:00am
US carrying out covert missions in Iran: report

US carrying out covert missions in Iran: report

The United States has been conducting secret reconnaissance missions inside Iran to help identify potential nuclear, chemical and missile targets, The New Yorker magazine reported on Sunday. The article, by award-winning reporter Seymour Hersh, said the s
Published 17 Jan, 2005 12:00am
Israeli panel to name central bank chief

Israeli panel to name central bank chief

The head of Israel's special appointments committee said on Sunday the panel could make a decision as early as this week on whether to approve Citigroup Vice Chairman Stanley Fischer's nomination as central bank governor. Fischer, a former No 2 at the Int
Published 17 Jan, 2005 12:00am
Deutsche Boerse investor seeks vote to block LSE offer

Deutsche Boerse investor seeks vote to block LSE offer

Deutsche Boerse appeared on Saturday to be facing a backlash from its shareholders who fear the German exchange will overpay for the London Stock Exchange. The Children's Investment Fund Management (TCI), a UK investor in Deutsche Bourse, which is opposed
Published 17 Jan, 2005 12:00am
LSE-25 index 39 percent up in 2004

LSE-25 index 39 percent up in 2004

The LSE-25 index posted an increase of 39 percent in the year 2004, rising from 2,034 at the end of 2002-2003 to the level of 2,828 as on June 30, 2004, with touching the highest level of 3133 on April 19, 2004. This, according to annual report of the LSE
Published 17 Jan, 2005 12:00am
LSE-25 index 39 percent up in 2004

LSE-25 index 39 percent up in 2004

The LSE-25 index posted an increase of 39 percent in the year 2004, rising from 2,034 at the end of 2002-2003 to the level of 2,828 as on June 30, 2004, with touching the highest level of 3133 on April 19, 2004. This, according to annual report of the LSE
Published 17 Jan, 2005 12:00am
Swiss Air to unveil rejig plan

Swiss Air to unveil rejig plan

Swiss International Air Lines is set to announce a restructuring in the coming week, a newspaper reported on Sunday, as the company struggles to break even amid low passenger numbers and hefty costs. The plans included placing Swiss's core European operat
Published 17 Jan, 2005 12:00am
Five of a family slaughtered

Five of a family slaughtered

Five persons of a family including a woman, two girls and two boys were murdered here in a house of Sarfraz Colony early Sunday morning. According to the police, Nasim Begum (35), her two daughters Rukhsana (10), Asia (6), sons, Ali (8) and Guddu (5) were
Published 17 Jan, 2005 12:00am
Five of a family slaughtered

Five of a family slaughtered

Five persons of a family including a woman, two girls and two boys were murdered here in a house of Sarfraz Colony early Sunday morning. According to the police, Nasim Begum (35), her two daughters Rukhsana (10), Asia (6), sons, Ali (8) and Guddu (5) were
Published 17 Jan, 2005 12:00am
Salman and Ishrat to attend Sukuk road show in UK

Salman and Ishrat to attend Sukuk road show in UK

Dr Salman Shah, Advisor to Prime Minister on Finance, and Dr Ishrat Hussain, Governor of the State Bank of Pakistan would leave for London on Monday to attend a road show in connection with launching of the Islamic bond Sukuk. Besides senior officials, th
Published 17 Jan, 2005 12:00am
Salman and Ishrat to attend Sukuk road show in UK

Salman and Ishrat to attend Sukuk road show in UK

Dr Salman Shah, Advisor to Prime Minister on Finance, and Dr Ishrat Hussain, Governor of the State Bank of Pakistan would leave for London on Monday to attend a road show in connection with launching of the Islamic bond Sukuk. Besides senior officials, th
Published 17 Jan, 2005 12:00am
Salman and Ishrat to attend Sukuk road show in UK

Salman and Ishrat to attend Sukuk road show in UK

Dr Salman Shah, Advisor to Prime Minister on Finance, and Dr Ishrat Hussain, Governor of the State Bank of Pakistan would leave for London on Monday to attend a road show in connection with launching of the Islamic bond Sukuk. Besides senior officials, th
Published 17 Jan, 2005 12:00am
Saudi Aramco eyes Indian refining and retailing sector

Saudi Aramco eyes Indian refining and retailing sector

Saudi Aramco, the world's top oil exporter, said on Sunday it wants to enter India's oil refining and retailing sector and invited Indian firms to invest in a refinery that may be built in Saudi Arabia. The kingdom was also keen to strengthen ties with In
Published 17 Jan, 2005 12:00am
Tug of war looms over EU budget pact reform

Tug of war looms over EU budget pact reform

Haggling over how to reform the European Union's budget discipline rules begins in earnest next week, when finance ministers will battle to cut the number of options on the table. Consensus that the Stability and Growth Pact needed a revamp was easy to bu
Published 17 Jan, 2005 12:00am
Eid holidays keep cotton prices easy

Eid holidays keep cotton prices easy

Official cotton production estimates for this season have now been put at 14.6 million 170-kg bales = 15.0 million running bales which appear quite realistic. This season, government had initially estimated output of 10.7 million 170-kg bales which have f
Published 17 Jan, 2005 12:00am
Eid holidays keep cotton prices easy

Eid holidays keep cotton prices easy

Official cotton production estimates for this season have now been put at 14.6 million 170-kg bales = 15.0 million running bales which appear quite realistic. This season, government had initially estimated output of 10.7 million 170-kg bales which have f
Published 17 Jan, 2005 12:00am
Eid holidays keep cotton prices easy

Eid holidays keep cotton prices easy

Official cotton production estimates for this season have now been put at 14.6 million 170-kg bales = 15.0 million running bales which appear quite realistic. This season, government had initially estimated output of 10.7 million 170-kg bales which have f
Published 17 Jan, 2005 12:00am
Liberal president set for re-election in Croat vote

Liberal president set for re-election in Croat vote

Croatians voted on Sunday in presidential elections likely to give incumbent Stjepan Mesic, credited with putting the former Yugoslav republic on the road towards the European Union, a second term. Mesic clearly won the first round of voting two weeks ago
Published 17 Jan, 2005 12:00am
Algerian Berbers upbeat after peace deal

Algerian Berbers upbeat after peace deal

A leader of Algeria's Berber minority said on Sunday he believed a new peace plan would finally end years of unrest in the Kabylie region, but that details still needed to be ironed out. Prime Minister Ahmed Ouyahia brokered an accord with tribal leaders
Published 17 Jan, 2005 12:00am
Egypt wins praise for economic reforms

Egypt wins praise for economic reforms

After just six months in office, Egypt's cabinet has won over business with a raft of economic reforms and is even gaining confidence among savers, who have been increasingly switching dollar funds into Egypt's pound. Since mid-July, the cabinet has reduc
Published 17 Jan, 2005 12:00am
Lonely south Sudan bookshop awaits peace dividend

Lonely south Sudan bookshop awaits peace dividend

Nobody cares much for 19th century English literature in Rumbek, judging by a copy of "David Copperfield" gathering dust in south Sudan's only bookshop for hundreds of miles. It is not so much that the people of the battle-scarred African town find it har
Published 17 Jan, 2005 12:00am
Kuwait raises security to maximum around oil facilities

Kuwait raises security to maximum around oil facilities

Opec member Kuwait has raised security to a "maximum" level around its oil facilities following Saturday's deadly gunbattle with militants in a key oil producing region, the energy minister said Sunday. "Precautionary security measures around oil faciliti
Published 17 Jan, 2005 12:00am
MasterCard puts education before expansion in China

MasterCard puts education before expansion in China

MasterCard will concentrate on educating Chinese customers about using credit cards, especially abroad, rather than blindly expanding its business in a market where it has nearly 100 million cards, a senior executive said. "People here are still not used
Published 17 Jan, 2005 12:00am
Deutsche Post eyes Japan state post

Deutsche Post eyes Japan state post

German logistics giant Deutsche Post is interested in buying the Japanese state post business Yubin which the government wants to sell in 2007, a German magazine reported. Focus magazine said in a preview of its Monday report that Deutsche Post chief Klau
Published 17 Jan, 2005 12:00am
United Internet pledges continued strong dividends

United Internet pledges continued strong dividends

The head of Germany's United Internet said he expects a pre-tax profit of 85 million euros ($111.4 million) for 2004 and pledged to pay between 20 and 25 percent of his net profit in dividends. In a newspaper interview on Sunday in which he reiterated his
Published 17 Jan, 2005 12:00am
United Internet pledges continued strong dividends

United Internet pledges continued strong dividends

The head of Germany's United Internet said he expects a pre-tax profit of 85 million euros ($111.4 million) for 2004 and pledged to pay between 20 and 25 percent of his net profit in dividends. In a newspaper interview on Sunday in which he reiterated his
Published 17 Jan, 2005 12:00am
Sales tax de-registration: defaulters to get notices for audit

Sales tax de-registration: defaulters to get notices for audit

The Central Board of Revenue (CBR) has decided to issue notices for carrying out audit of 32,000 registered retailers/manufactures, who failed to submit final sales tax returns up to December 31, 2004 for de-registration with the sales tax department. In
Published 17 Jan, 2005 12:00am
Sales tax de-registration: defaulters to get notices for audit

Sales tax de-registration: defaulters to get notices for audit

The Central Board of Revenue (CBR) has decided to issue notices for carrying out audit of 32,000 registered retailers/manufactures, who failed to submit final sales tax returns up to December 31, 2004 for de-registration with the sales tax department. In
Published 17 Jan, 2005 12:00am
Badla rates rise by 190 basis points

Badla rates rise by 190 basis points

The badla rates increased by 190 basis points on the last session of the Karachi Stock Exchange, because of higher stock prices and pre-Eid massive withdrawals from banks, putting strains on the money market and pushing the overnight rates higher. The muc
Published 17 Jan, 2005 12:00am
Badla rates rise by 190 basis points

Badla rates rise by 190 basis points

The badla rates increased by 190 basis points on the last session of the Karachi Stock Exchange, because of higher stock prices and pre-Eid massive withdrawals from banks, putting strains on the money market and pushing the overnight rates higher. The muc
Published 17 Jan, 2005 12:00am
UAE-based firm to set up car plant near Sambrial

UAE-based firm to set up car plant near Sambrial

Minister of State for Investment and Privatisation Umar Ahmad Ghuman has said that a multinational, Coastal Group International of the UAE would invest one billion dollars for setting up a Mercedes car plant near Sambrial. Talking to reporters in Sambrial
Published 17 Jan, 2005 12:00am
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