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Print - 2005-01-18
Four die after taking toxic liquor in Multan

Four die after taking toxic liquor in Multan

Four persons died as they took locally prepared toxic liquor while condition of one is stated to be critical in the hospital on Monday. A police spokesman Riaz Khalid said, "At least four persons have died of taking poisonous liquor on Monday and another
Published 18 Jan, 2005 12:00am
SME Bank director

SME Bank director

Renowned industrialist and Rafiq Engineering Industries (Pvt) Limited Chairman Anjum Rafiq has been appointed director to the SME (Small and Medium Enterprise) Bank by the shareholders. The government, earlier, appointed him as a syndicate member of the U
Published 18 Jan, 2005 12:00am
Lack of quorum puts off Punjab Assembly session

Lack of quorum puts off Punjab Assembly session

Punjab Assembly proceedings could not be held on Monday due to quorum problem, which shows complete lack of interest of the legislators in the 18th session. Moreover, the Press Gallery Committee boycotted the proceedings in protest against the Imamia Stud
Published 18 Jan, 2005 12:00am
Prices of animals show 40-50 percent rise

Prices of animals show 40-50 percent rise

The acute shortage of cattle and continued legal and illegal export of sacrificial animals to Afghanistan has irked the residents of Federal Capital and NWFP, making the common man to think twice whether or not to perform the most sacred act known as 'Sun
Published 18 Jan, 2005 12:00am
Soaring prices of sacrificial animals keep buyers away

Soaring prices of sacrificial animals keep buyers away

Despite that only three days left in Eid-ul-Azha, the sale of sacrificial animals could not gain momentum mainly because of soaring prices, and restricted permission of City District Government for the entry of sacrificial animals in the City, exce
Published 18 Jan, 2005 12:00am
Shaukat briefed on FPCCI affairs

Shaukat briefed on FPCCI affairs

Prime Minister Shaukat Aziz is reported to have expressed his desire for a briefing on the agonising situation prevailing in the Federation of Pakistan Chambers of Commerce and Industry (FPCCI). The Prime Minister, during the recent meeting of Corporate a
Published 18 Jan, 2005 12:00am
World Customs Day on January 26

World Customs Day on January 26

The Collectorate of Customs Lahore will hold various programmes at its all stations to mark the 'International Customs Day' with full fervour and zeal, being observed world-wide on next Wednesday (January 26). Celebrations will begin with flag-hoisting ce
Published 18 Jan, 2005 12:00am
'Rahnuma committee' for SMEs approved

'Rahnuma committee' for SMEs approved

Establishment of Rahnuma Committee for Small & Medium Enterprises (SMEs-RC) has been approved. The Community Development Department Social Welfare Wing District Officer Muhammad Rahim Lakho approved the name and establishment of a Rahnuma Committee for Sm
Published 18 Jan, 2005 12:00am
Weight tolerance for exports raised to 10 percent

Weight tolerance for exports raised to 10 percent

The Collectorate of Customs (Export) has increased the weight toleration threshold for export consignments from five percent to 10 percent. The decision, effective from February 1, has been taken to further facilitate the trade and exports and to maintain
Published 18 Jan, 2005 12:00am
Lahore court adjourns hearing

Lahore court adjourns hearing

The Lahore High Court (LHC) has adjourned to February 02, the proceedings in a petition by a police inspector Zulfiqar Ali Jafri and others, praying to the court to direct the respondents to promote them in accordance with the seniority list. The petition
Published 18 Jan, 2005 12:00am
ORIX Leasing rating upgraded

ORIX Leasing rating upgraded

The Pakistan Credit Rating Agency (PCRA) has upgraded the long-term entity rating of ORIX Leasing Pakistan Limited (OLP) to 'AA+' while maintaining the short-term rating at 'A1+'. According to a PCRA's press release, these ratings, applicable to senior un
Published 18 Jan, 2005 12:00am
ORIX Leasing rating upgraded

ORIX Leasing rating upgraded

The Pakistan Credit Rating Agency (PCRA) has upgraded the long-term entity rating of ORIX Leasing Pakistan Limited (OLP) to 'AA+' while maintaining the short-term rating at 'A1+'. According to a PCRA's press release, these ratings, applicable to senior un
Published 18 Jan, 2005 12:00am
Tea plantation in Azad Jammu and Kashmir: MoU after Eid

Tea plantation in Azad Jammu and Kashmir: MoU after Eid

A memorandum of understanding (MoU) will be signed after Eidul Azha amongst all stakeholders to start tea plantation on vast tracts of land in Azad Jammu and Kashmir to make it a major tea-growing area, Pakistan Science Foundation (PSF) chairman Dr Farid
Published 18 Jan, 2005 12:00am
Increased Sino-Pak trade relations stressed

Increased Sino-Pak trade relations stressed

The Rawalpindi Chamber of Commerce and Industry (RCCI) President Najam Rehan has urged for a valuable increase in the trade and economic relations of China and Pakistan saying it was imperative for the economic development for the two sides, besides impro
Published 18 Jan, 2005 12:00am
New Zealand Assembly speaker meets Punjab chief minister

New Zealand Assembly speaker meets Punjab chief minister

The Speaker of the State Assembly of New Zealand Robertson called on the Punjab Chief Minister Chaudhry Pervaiz Elahi here on Monday. According to an official, Pakistan Muslim League (PML) President Chaudhry Shujaat Hussain and PML Secretary General Musha
Published 18 Jan, 2005 12:00am
CBR weighs new performance evaluation system

CBR weighs new performance evaluation system

On the recommendation of the task force to review redundant annual confidential reports (ACRs) system, the Central Board of Revenue (CBR) has asked all members, collectors and commissioners to weigh the new "Performance Management System (PMS)" for evalua
Published 18 Jan, 2005 12:00am
Pakistani doctors treat 600 tsunami victims

Pakistani doctors treat 600 tsunami victims

Pakistani doctors have provided medical treatment to about 600 indoor and outdoor patients during the last four days at a 50-bed Field Hospital established by Pakistan's Army in Lamno, some 80-km from here. As the news of Pakistan's Field Hospital is spre
Published 18 Jan, 2005 12:00am
The Weather

The Weather

The weather report on Monday (January 17) and the forecast for Tuesday (January 18, 2005).
Published 18 Jan, 2005 12:00am
Public transport routes for Saddar changed

Public transport routes for Saddar changed

In order to ease the traffic operating in Saddar area, it has been decided to change routes of the public transport entering into Saddar Area via Sharea Faisal (FTC) and Rafique Shaheed Road (JPMC). The secretary Regional District Transport Authority (RDT
Published 18 Jan, 2005 12:00am
Key stock market movements at 1800 GMT on January 17

Key stock market movements at 1800 GMT on January 17

The latest close of key indices on major world stock exchanges and the London closing values of the euro, the Japanese yen, the British pound and gold bullion (previous day's closes in brackets).
Published 18 Jan, 2005 12:00am
No Kuwaiti visa ban for Pakistanis

No Kuwaiti visa ban for Pakistanis

No ban of any kind had been imposed by the government of Kuwait on issuance of visas to Pakistanis. The visa requests were, therefore, being processed in normal routine, says the Pakistan Embassy here. A local daily had reported earlier that the Kuwait go
Published 18 Jan, 2005 12:00am
Younus Dalia gets interim bail in another case

Younus Dalia gets interim bail in another case

Justice Sarmad Jalal Osmany and Justice Mohammad Mujeebullah Siddiqui on Monday admitted former Habib Bank Limited (HBL) president Younus Dalia to interim bail against a surety of Rs l00,000 and personal bond in the like amount. The petitioner sought bail
Published 18 Jan, 2005 12:00am
TKP project director

TKP project director

City Nazim Naimatullah Khan has assigned an additional responsibility to OSD Karachi Building Control Authority, Rauf Akhtar Farooqi as Project Director for Rs 29 billion Tameer-e-Karachi Programme, according to an official announcement here on Monday.
Published 18 Jan, 2005 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Monday (January 17, 2005).

Published 18 Jan, 2005 12:00am
'Pakistan showed unusual flexibility for talks with India'

'Pakistan showed unusual flexibility for talks with India'

Former Foreign Minister Sartaj Aziz on Monday said the continuation and further strengthening of people to people contacts between India and Pakistan might help make the composite dialogue result oriented with the passage of time. Back channel diplomacy m
Published 18 Jan, 2005 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (January 17, 2005).

Published 18 Jan, 2005 12:00am
PTCL single area code for Rahim Yar Khan

PTCL single area code for Rahim Yar Khan

Pakistan Telecommunication Corporation Limited (PTCL) have now ensured a single code for all areas falling within Rahim Yar Khan (RYK) district, while phone numbers in tehsil Sadiqabad have been changed. Talking to newsmen, DE Telephones Sadiqabad, Mohamm
Published 18 Jan, 2005 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Monday (January 17) and for Tuesday (January 18, 2005).
Published 18 Jan, 2005 12:00am
Workshop on SME policy from January 19

Workshop on SME policy from January 19

A consultative workshop will be held at a local hotel on Wednesday, January 19 under the aegis of Smeda to seek input from stake holders before the preparation of a final draft of the national SME policy. According to Smeda sources, the preliminary draft
Published 18 Jan, 2005 12:00am
Harkat man held for plotting to kill Musharraf

Harkat man held for plotting to kill Musharraf

An alleged militant of Harkat-ul-Mujahideen Al-Aalami has been arrested for his role in high-profile terror attacks, including a plot to kill President Pervez Musharraf, police said on Monday. Mohammad Jamil Memon, a member of the Harkat-ul-Mujahideen Al-
Published 18 Jan, 2005 12:00am
Consensus on code of ethics for hide collection

Consensus on code of ethics for hide collection

A consensus was reached on code of ethics regarding collecting hides of sacrificial animals in Karachi during the three days of Eidul Azha, here on Monday. In this regard a meeting was held at the Central Police Office, attended by Karachi CCPO Tar
Published 18 Jan, 2005 12:00am
Special package for foreign investors shortly: Ghumman

Special package for foreign investors shortly: Ghumman

State Minister for Investment and Privatization Umar Ahmad Ghumman has said the government would soon announce special package of concession for foreign investors to ensure maximum foreign investment in Pakistan. Talking to various delegations in Sambrial
Published 18 Jan, 2005 12:00am
Government striving to promote farm sector: Amir

Government striving to promote farm sector: Amir

Speaker, National Assembly, Chaudhry Amir Hussain, has said the present government is endeavouring to promote agriculture sector to attain food autarky. Addressing a big public meeting in adjoining village Jhulki on Sunday evening, he said the government
Published 18 Jan, 2005 12:00am
Karachi Water and Sewerage Board staff foils land grabbing plan

Karachi Water and Sewerage Board staff foils land grabbing plan

On the directive of Managing Director Karachi Water and Sewerage Board (KW&SB), Brigadier Iftikhar Hyder, the engineers and security staff of the Water Board thwarted an attempt of land mafia to put up encroachments on the KWSB's North East Karachi Filter
Published 18 Jan, 2005 12:00am
LEAs told to ensure security on Eid

LEAs told to ensure security on Eid

Punjab Chief Minister Chaudhry Pervaiz Elahi has directed law-enforcement agencies to ensure strict security measures for maintaining peace during Eid-ul-Aza. Talking to APP at his residence here on Monday, he said the government was committed to e
Published 18 Jan, 2005 12:00am
Lesco allocates Rs 50 million to replace faulty meters

Lesco allocates Rs 50 million to replace faulty meters

Lahore Electric Supply Company (Lesco) is working to reduce complaints of over billing and related matters and has allocated over Rs 50 million for the correction and replacement of faulty/sluggish meters. More than 2.4 million meters of all types had bee
Published 18 Jan, 2005 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (January 17, 2005).

Published 18 Jan, 2005 12:00am
Heritage museum starts charging entry tickets

Heritage museum starts charging entry tickets

The Heritage Museum at National Institute of Folk Heritage (Lok Virsa) has started to charge entry ticket Rs 25 from local people and $3 or Rs 200 for foreigners with a view to maintain the museum in a better way. The step has been taken on the especial d
Published 18 Jan, 2005 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (January 17, 2005).

Published 18 Jan, 2005 12:00am
Pak-China ties exemplary: Mushahid

Pak-China ties exemplary: Mushahid

Senate Foreign Relations Committee Chairman Senator Mushahid Hussain Sayed on Monday said Pakistan and China are time-tested friends and their bilateral, close and friendly relations are exemplary. He was talking to a seven-member Chinese delegation at a
Published 18 Jan, 2005 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Monday (January 17, 2005).

Published 18 Jan, 2005 12:00am
LSE Eid holidays

LSE Eid holidays

The Ultra Trading System as well as offices of Lahore Stock Exchange (LSE) will remain closed on Thursday and Friday (January 20 and 21) on account of Eid-ul-Azha, LSE announced here on Monday. Saturday and Sunday are the weekly holidays, therefore, the m
Published 18 Jan, 2005 12:00am
Hamdard Varsity workshop

Hamdard Varsity workshop

Hamdard University (Islamabad Campus) chief executive Khawaja Ijaz Sarwar, while inaugurating a two-day workshop on 'Teaching Methods and Evaluation', said this is a unique opportunity for teachers to enrich and update their teaching methodology and get b
Published 18 Jan, 2005 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Monday (January 17, 2005).

Published 18 Jan, 2005 12:00am
SSGC urged to refrain from load-shedding

SSGC urged to refrain from load-shedding

The Site Association of Industry has advised the Sui Southern Gas Company (SSGC) management to refrain from load shedding to the industries, especially the textile processing industries. In a statement, Site Chairman Mirza Ikhtiar Baig has informed the Cu
Published 18 Jan, 2005 12:00am
Load management helps maintain gas supply: SSGC

Load management helps maintain gas supply: SSGC

The Sui Southern Gas Company Ltd (SSGC) informed its customers that "Gas Load Management" directive, necessitated by the closure of the Sui Purification Plant, across the selected cities in Sindh and Balochistan, has resulted in an equitable distribution
Published 18 Jan, 2005 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Monday (January 17, 2005).

Published 18 Jan, 2005 12:00am
Bid to smuggle heroin through courier parcels foiled

Bid to smuggle heroin through courier parcels foiled

The staff of Custom's Export Collectorate thwarted a plan of smuggling narcotics to the Europe and USA through courier parcels on the eve of Eid-ul-Azha. The Collector Exports Javed Kazi passed on information filtering in on this count to Additional Colle
Published 18 Jan, 2005 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Monday (January 17, 2005).

Published 18 Jan, 2005 12:00am
AFF oversubscribed by 25 percent

AFF oversubscribed by 25 percent

Atlas Fund of Funds (AFF), Pakistan's first fund of funds, passes on the benefits of price discounts to its investors was launched with a capital of Rs 500 million in the month of December 2004 and was over subscribed by 25 percent, says a press release h
Published 18 Jan, 2005 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Monday (January 17, 2005).

Published 18 Jan, 2005 12:00am
AFF oversubscribed by 25 percent

AFF oversubscribed by 25 percent

Atlas Fund of Funds (AFF), Pakistan's first fund of funds, passes on the benefits of price discounts to its investors was launched with a capital of Rs 500 million in the month of December 2004 and was over subscribed by 25 percent, says a press release h
Published 18 Jan, 2005 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Monday (January 17, 2005).

Published 18 Jan, 2005 12:00am
Rupali bank announces PLS profits rates

Rupali bank announces PLS profits rates

The Rupali bank has announced the rates of profit on PLS deposits for the period of six months ended on 31st December 2004 as per press releases issued here on Monday.
Published 18 Jan, 2005 12:00am
Habib bank declares PLS profits rates

Habib bank declares PLS profits rates

The Habib bank has declares the rates of profit on PLS deposits for the period of six months ended on 31st December 2004 as per press releases issued here on Monday.
Published 18 Jan, 2005 12:00am
NDLC-IFIC bank announces PLS profit rates

NDLC-IFIC bank announces PLS profit rates

The NDLC-IFIC bank has announced the rates of profit on PLS deposits for the period of six months ended on 31st December 2004 as per press releases issued here on Monday.
Published 18 Jan, 2005 12:00am
THE RUPEE: sharp gain in open market

THE RUPEE: sharp gain in open market

Sharp rise was seen in the value of the rupee in the open market on Monday, gaining 20 paisa on the buying side at Rs 59.60 and picking up 15 paisa on the selling side at Rs 59.70 on better supply of the US currency in the interbank market, respectively.
Published 18 Jan, 2005 12:00am
Acting chief justice takes oath

Acting chief justice takes oath

Justice Iftikhar Mohammad Chaudhry, senior most judge of the Supreme Court, on Monday took oath as acting chief justice of Pakistan. The oath was administered by Justice Rana Baghwandas. The ceremony was held in the Supreme Court building. Justice Iftikha
Published 18 Jan, 2005 12:00am
THE RUPEE: sharp gain in open market

THE RUPEE: sharp gain in open market

Sharp rise was seen in the value of the rupee in the open market on Monday, gaining 20 paisa on the buying side at Rs 59.60 and picking up 15 paisa on the selling side at Rs 59.70 on better supply of the US currency in the interbank market, respectively.
Published 18 Jan, 2005 12:00am
Natwar coming on February 15: foreign office

Natwar coming on February 15: foreign office

A Foreign Office spokesman has confirmed that the Indian External Affairs Minister Kunwar Natwar Singh was expected to arrive here by the middle of next month, and will review with his Pak counterpart Khurshid Mahmood Kasuri the bilateral relations betwee
Published 18 Jan, 2005 12:00am
NAB criticised for partisan conduct

NAB criticised for partisan conduct

The Pakistan Peoples' Party Parliamentarians (PPPP) on Monday condemned double standards of the regime in selectively pursuing cases against politicians and using the National Accountability Bureau (NAB) as its political arm for achieving political agenda
Published 18 Jan, 2005 12:00am
PCP facing serious financial problems

PCP facing serious financial problems

The Printing Corporation of Pakistan (PCP) is facing serious financial problems and has refused to pay salaries to its workers to celebrate Eidul Azha. The PCP has also failed in providing overtime of more then 150 employees for the last three mont
Published 18 Jan, 2005 12:00am
Sir Creek: joint survey to verify boundary pillars completed

Sir Creek: joint survey to verify boundary pillars completed

At least one of the issues identified in the composite dialogue between Pakistan and India has been resolved, and its work on ground completed ahead of the schedule decided by the two countries. In an opening statement at his weekly press briefing here on
Published 18 Jan, 2005 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Monday (January 17, 2005).

Published 18 Jan, 2005 12:00am
Government mulls to privatise Railways freight service

Government mulls to privatise Railways freight service

The government is considering a proposal to privatise freight business of Pakistan Railways to improve the service by providing modern locomotives and wagons. "Yes, we have a plan but final decision would be taken after the corporatisation of Pakistan Rai
Published 18 Jan, 2005 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 18 Jan, 2005 12:00am
Deal with Japan likely this month on Taunsa Barrage improvement

Deal with Japan likely this month on Taunsa Barrage improvement

Pakistan and Japan are likely to sign a grant agreement of Rs 1.225 billion for the uplift of 29-floodgates along with construction of five-bulkheads of Taunsa Barrage this month. Informed sources told Business Recorder here on Monday that Japan In
Published 18 Jan, 2005 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 18 Jan, 2005 12:00am
National Assembly panel critical of delay in release of funds

National Assembly panel critical of delay in release of funds

The delay in the release of funds for parliamentarians' proposed development schemes provoked a strong reaction on Monday by the National Assembly Committee on Housing. A four-member sub-committee hence, was constituted to streamline the procedure and res
Published 18 Jan, 2005 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus Announcements by Companies listed on the Karachi Stock Exchange.

Published 18 Jan, 2005 12:00am
Friendly fixture

Friendly fixture

A one-day cricket match was played between Lahore Stock Exchange (LSE) and Fauji Fertiliser Company (FFC) Ltd at Shah Faisal Cricket Club ground. LSE won the match by 65 runs. The officials of LSE and FFC witnessed the 30-over friendly match. LSE XI capta
Published 18 Jan, 2005 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Monday (January 17, 2005).

Published 18 Jan, 2005 12:00am
SBP invites tenders for treasury bills

SBP invites tenders for treasury bills

The State Bank on Monday invited tenders for the auction of treasury bills and set a target of 60 billion. The SBP set the huge target in the wake of Rs 90.9 billion inflows scheduled next Thursday. The auction will be held on Wednesday for 3-month and 12
Published 18 Jan, 2005 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 18 Jan, 2005 12:00am
Transmission tower blown up in Bolan

Transmission tower blown up in Bolan

Some unknown miscreants blew up a tower of 132 KV Sibi-Quetta double circuit transmission line on Monday morning near Bibi Nani in the Bolan pass, a Qesco spokesman here said. He said that the tower was blown up at around 3.36 hours disrupting electricity
Published 18 Jan, 2005 12:00am
Extra vigilance on Eid day

Extra vigilance on Eid day

Sindh government has made special arrangements in the province for maintaining proper law and order and safety at all the main Eidgahs, where the Eid-ul-Azha prayers will be performed on Friday, reports UPP correspondent. There will be extra vigilance bec
Published 18 Jan, 2005 12:00am
Benazir resents growing military hold on resources

Benazir resents growing military hold on resources

Former prime minister and Pakistan People's Party (PPP) chairperson Benazir Bhutto has taken note of the Human Rights Watch report and asked the regime to keep the armed forces out of politics. The New York-based human rights watchdog group in its recent
Published 18 Jan, 2005 12:00am
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