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Print - 2005-02-04
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on Thursday (February 03, 2005).

Published 04 Feb, 2005 12:00am
PTEA welcomes response of CBR chief

PTEA welcomes response of CBR chief

Faiq Javed, Chairman Pakistan Textile Exporters Association (PTEA) has hailed the special procedure for delivery of goods and services without payment of sales tax being enforced by central board of revenue (CBR). Briefing the executive members here on Th
Published 04 Feb, 2005 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on Thursday (February 03, 2005).

Published 04 Feb, 2005 12:00am
Scab's restructuring, funds, staff needs discussed

Scab's restructuring, funds, staff needs discussed

The activities of Sindh Coal Authority Board (Scab), restructuring and requirement of staff, budgetary allocations, appointment of Director General, schemes proposed in the 2005-06 annual development plan (ADP) and five-year plan from 2005-10 discussed at
Published 04 Feb, 2005 12:00am
'Pakistan needs new water reservoirs'

'Pakistan needs new water reservoirs'

Pakistan direly needs to build new water reservoirs to overcome Pakistan needs water shortage in the country, said former Wapda chairman Shams-ul-Mulk on Thursday. "Pakistan has no choice but to build all available water resources to meet water shortage"
Published 04 Feb, 2005 12:00am
PSQCA issues licences to quality manufacturers

PSQCA issues licences to quality manufacturers

Pakistan Standards and Quality Control Authority (PSQCA) has issued licences in favour of companies authorised to manufacture products as per relevant to Pakistan standards.
Published 04 Feb, 2005 12:00am
Saarc summit postponement unfortunate: Shaukat

Saarc summit postponement unfortunate: Shaukat

The Prime Minister Shaukat Aziz on Thursday described as unfortunate the postponement of the 13th summit of the seven-nation South Asian Association for Regional Co-operation (Saarc). The February 6-7 South Asian Association for Regional Co-operation summ
Published 04 Feb, 2005 12:00am
Motorway police to launch GPS next month

Motorway police to launch GPS next month

Motorway police will launch Global Positioning System (GPS) next month to monitor positions of its mobile units and ambulances patrolling on the motorway. This was stated by Deputy Inspector General, Motorway central N-5, Dr Wasim Kausar while talking to
Published 04 Feb, 2005 12:00am
NAB arrests former adviser to Punjab chief minister

NAB arrests former adviser to Punjab chief minister

Former adviser to Chief Minister Punjab, during 1994, Mian Mohammad Rasheed, has been arrested by National Accountability Bureau (NAB) Punjab on charges of corruption and corrupt practices as defined under National Accountability Ordinance 1999. The accus
Published 04 Feb, 2005 12:00am
Ikebana exhibition

Ikebana exhibition

The Ikebana exhibition of the 65th batch of the Ikebana classes will be held at a local hotel on February 4. This was announced by the Japan Cultural Centre of the Consulate General of Japan in Karachi. It said that a certificate awarding ceremony would a
Published 04 Feb, 2005 12:00am
'POL price-hike reflective of world market'

'POL price-hike reflective of world market'

Chairman of Standing Committee for Petroleum Syed Dilawar Abbas on Thursday said the international increase in petroleum products have been passed on in the country under a set formula. Speaking in a PTV programme, he said that Oil Companies Advisory Comm
Published 04 Feb, 2005 12:00am
Moot on urology from February 7

Moot on urology from February 7

Pakistan Association of Urological Surgeons (PAUS) is holding first-ever three-day international conference on urology in the provincial metropolis from February 7 to 9, in which 1,000 urologists from within and outside the country would take part. Chairm
Published 04 Feb, 2005 12:00am
Transporters threaten to discontinue business

Transporters threaten to discontinue business

Condemning the hike in diesel and petrol prices, the leaders of National Transport Ittehad (NIT), Karachi, have threatened to discontinue their business. An association of 18 transport organisations, in a statement on Thursday asked the government to make
Published 04 Feb, 2005 12:00am
Postponed Saarc summit had crucial agenda: foreign office

Postponed Saarc summit had crucial agenda: foreign office

Foreign Office Spokesman Masood Khan on Thursday while terming the agenda of postponed 13th Saarc conference 'of great importance' said it was prepared keeping in view the need of the hour. Regional co-operation in poverty alleviation, trade, energy, info
Published 04 Feb, 2005 12:00am
Periodicals assured of judicious distribution of government ads

Periodicals assured of judicious distribution of government ads

Salahuddin Haider, Advisor to the Sindh Chief Minister, has emphasised the role played by the periodicals in disseminating awareness and enlightenment in the society and assured that the government of Sindh would put best efforts to address their problems
Published 04 Feb, 2005 12:00am
Chinese invited to invest in fertiliser and copper projects

Chinese invited to invest in fertiliser and copper projects

Pakistan has invited investors of the Chinese province of Yunnan to invest in fertiliser and copper downstream industries in the country. The offer was made by Javed Ilyas of Pakistan-China Business Council at a seminar held to introduce the economic and
Published 04 Feb, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Thursday (February 03, 2005).

Published 04 Feb, 2005 12:00am
Australian envoy calls on minister

Australian envoy calls on minister

Australian High Commissioner Zoraka Makasi called on Federal Minister for Industries, Production and Special Initiatives Jehangir Khan Tareen here on Thursday and discussed avenues for extending bilateral relations between the two countries. Both agreed t
Published 04 Feb, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Thursday (February 03, 2005).

Published 04 Feb, 2005 12:00am
Azad Jammu and Kashmir court working being simplified for justice

Azad Jammu and Kashmir court working being simplified for justice

Azad Jammu and Kashmir (AJ&K) Chief Justice Chaudhry Riaz Akhtar has said that procedure has been simplified in AJ&K for approaching the law courts for justice. While addressing the members of the Lahore High Court Bar Association (LHCBA) here on Wednesda
Published 04 Feb, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Thursday (February 03, 2005).

Published 04 Feb, 2005 12:00am
'Made in Pakistan' show in Tajikistan in April

'Made in Pakistan' show in Tajikistan in April

Tajikistan government would extend all out co-operation to those Pakistanis who intend to do business there, and Tajikistan government is holding a 'Made in Pakistan' exhibition in Khujand region in April this year to promote Pakistani products. Sughd reg
Published 04 Feb, 2005 12:00am
Online hospital management system launched in NWFP

Online hospital management system launched in NWFP

The NWFP Science & Technology and Information Technology Department has formally launched Online Hospital Management from the Lady Reading Hospital Peshawar, Online Litigation Management and Case Tracking System of Service Tribunal Peshawar and computeris
Published 04 Feb, 2005 12:00am
PSMA demands

PSMA demands

Pakistan Sugar Mills Association (PSMA), Punjab Zone, Chairman, Mian Shahid Shafi has demanded of the government to release TCP buffer stocks so as to check sugar price hike. In a statement here on Thursday, Shafi said that sugar industry has sold 50 perc
Published 04 Feb, 2005 12:00am
'Concerted efforts needed to improve living status of women'

'Concerted efforts needed to improve living status of women'

About eighty percent women in Pakistan have poor living status and to pull them out of that poverty a lot of governmental and private development work is needed. Sindh Minister for Women Development, Dr Saeeda Malik stated this at a press conference held
Published 04 Feb, 2005 12:00am
Hearing carried over

Hearing carried over

The hearing into several hundred appeals against an amendment in the Punjab Property Act changing the system for its pricing each year was carried over because of lack of time for the Supreme Court here on Thursday. The cases were listed before the Second
Published 04 Feb, 2005 12:00am
'Confidence of people in government schools restored'

'Confidence of people in government schools restored'

The Advisor to Chief Minister Punjab, Sadia Shehzad Chaudhry has said that proper and effective implementation of chief minister's education sector reforms programme (ESRP) has resulted in restoring the confidence of people in government schools and in in
Published 04 Feb, 2005 12:00am
Pakistan Tobacco claims paying Rs 14 billion in taxes

Pakistan Tobacco claims paying Rs 14 billion in taxes

In its first corporate social report in 57 years of operations, the Pakistan Tobacco Company claimed here on Thursday that it was the "largest excise tax generator in the country, paying nearly Rs 50 million per working day. Over one million Pakistanis, t
Published 04 Feb, 2005 12:00am
Karachi Port Trust clarification

Karachi Port Trust clarification

The Karachi Port Trust (KPT) has clarified a news items published in 'Business Recorder' titled "NLC likely to install modern scanning system at all ports," in the issue of January 27(Thursday). The KPT in a press release has clarified that: "The contents
Published 04 Feb, 2005 12:00am
Musharraf sells memoir to Free Press

Musharraf sells memoir to Free Press

President General Pervez Musharraf has sold the rights to his political memoir, which will feature his views on the US war on terrorism and the Bush administration, to Simon & Schuster imprint Free Press, the publisher said on Wednesday. Musharraf, a key
Published 04 Feb, 2005 12:00am
NWFP Assembly wants restoration of religious column in passport

NWFP Assembly wants restoration of religious column in passport

The NWFP assembly on Thursday passed four identical resolutions with majority vote demanding of the federal government to restore religious column in the national passport. The four identical resolutions were moved by Deputy Speaker, Ikramullah Shahid, Qa
Published 04 Feb, 2005 12:00am
Assistant registrar dismissed

Assistant registrar dismissed

The Chief Justice of Lahore High Court (LHC) has dismissed Assistant Registrar Mubarak Ali Bhatti on the charges of gross negligence. D&SJ/Member Inspection Team Muhammad Khalid Chaudhry had conducted an inquiry against him and held that the charge stood
Published 04 Feb, 2005 12:00am
Balochistan situation: Army pullout demanded before talks

Balochistan situation: Army pullout demanded before talks

Opposition nationalist senators on Thursday called for pullout of the army from Dera Bugti and Sui area prior to dialogue with the government on the Balochistan situation. The senators singled out the Centre's utter disregard to the Constitution and the l
Published 04 Feb, 2005 12:00am
China Group asked to buy cotton through tenders

China Group asked to buy cotton through tenders

Trading Corporation of Pakistan (TCP) has suggested China National Cotton Group Corporation (CNCGC) Beijing to purchase cotton through tenders or on government-to-government basis. This suggestion was made by Chairman TCP Syed Masood Alam Rizvi during a m
Published 04 Feb, 2005 12:00am
President's dual offices NWFP parliamentarian admits adjournment motion

President's dual offices NWFP parliamentarian admits adjournment motion

The NWFP Assembly on Thursday admitted an adjournment motion to debate on the holding of dual offices of the President and Chief of Army Staff (COAS) by the President General Pervez Musharraf, and declaration of the President on December 30. The adjournme
Published 04 Feb, 2005 12:00am
IBM to enhance business activities in Pakistan

IBM to enhance business activities in Pakistan

Expressing satisfaction over the conducive environment for investors, IBM has announced to increase its business activities in Pakistan. The assurance was made by Carlos da Silva, Director Operations, IBM Central Europe, Middle East & Africa during a meet
Published 04 Feb, 2005 12:00am
Abacus to allocate Indian Airlines domestic routes

Abacus to allocate Indian Airlines domestic routes

Abacus International and Indian Airlines have signed an agreement giving the GDS access to all Indian airlines domestic fares, said a press release issued here on Wednesday. "With this agreement, we look forward to building on that relationship and helpin
Published 04 Feb, 2005 12:00am
Preparations for 'Jashan-e-Baharan' in full swing

Preparations for 'Jashan-e-Baharan' in full swing

Preparations in connection with the annual 'Jashan-e-Baharan' festival are in full swing in the provincial metropolis. Tourism Development Corporation Punjab and Ravi Town Lahore, in collaboration with Punjab Horticulture Authority (PHA), are givin
Published 04 Feb, 2005 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

The proceedings in the Senate on Thursday were almost exclusively devoted to the situation in Balochistan, and one person who dominated the debate in the House was Sanaullah Baloch. Such was the spellbinding presentation of the nationalists' case against
Published 04 Feb, 2005 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (February 03, 2005).

Published 04 Feb, 2005 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (February 03, 2005).
Published 04 Feb, 2005 12:00am
Bangladesh may get hold of EU textile market

Bangladesh may get hold of EU textile market

Bangladesh may be the potential threat for Pakistan, in case Islamabad has to pay 12 percent duty by staying out of Generalised System of Preferences (GSP) plus regime with the European Union (EU) operative from April 2005. In case Bangladesh invested in
Published 04 Feb, 2005 12:00am
Data protection, e-crimes bills to be tabled before cabinet

Data protection, e-crimes bills to be tabled before cabinet

The ministry of information technology and telecommunication has prepared draft bills on 'data protection act and e-crimes' which would be tabled before the federal cabinet next month for approval. Pakistan is going to establish fiber optic link with Indi
Published 04 Feb, 2005 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Thursday (February 03, 2005).

Published 04 Feb, 2005 12:00am
Jatoi directs Iesco to recover Rs 1900 million dues

Jatoi directs Iesco to recover Rs 1900 million dues

Federal Minister for Water and Power, Liaquat Ali Jatoi has directed the Islamabad Electric Supply Company (Iesco) to recover Rs 1900 million outstanding dues from the dead defaulters including Ministry of Defence and AJK Government. Strict action should
Published 04 Feb, 2005 12:00am
Government may consider to cap oil prices again: minister

Government may consider to cap oil prices again: minister

Federal Minister for Petroleum and Natural Resources, Amanullah Khan Jadoon has said the government can consider to cap oil prices once again, if the prices of the commodity continues to surge in the international market abruptly. Talking to Business R
Published 04 Feb, 2005 12:00am
Saarc summit postponement: Shaukat shares disappointment with Nepal King

Saarc summit postponement: Shaukat shares disappointment with Nepal King

Pakistan strictly adheres to the principles of non-intervention and non-interference in the internal affairs of Nepal and would continue to support unity, sovereignty, territorial integrity and political independence of the Kingdom of Nepal. These views w
Published 04 Feb, 2005 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Thursday (February 03, 2005).

Published 04 Feb, 2005 12:00am
Saarc summit postponement: Shaukat shares disappointment with Nepal King

Saarc summit postponement: Shaukat shares disappointment with Nepal King

Pakistan strictly adheres to the principles of non-intervention and non-interference in the internal affairs of Nepal and would continue to support unity, sovereignty, territorial integrity and political independence of the Kingdom of Nepal. These views w
Published 04 Feb, 2005 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Thursday (February 03, 2005).

Published 04 Feb, 2005 12:00am
53 killed in Indian train-tractor collision

53 killed in Indian train-tractor collision

Fifty-three people were killed in central India on Thursday when a train collided with a tractor pulling a trailer that was crammed with people returning from a wedding, police said. "Fifty-three people have died. We fear the death toll could go up," said
Published 04 Feb, 2005 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Thursday (February 03, 2005).

Published 04 Feb, 2005 12:00am
53 killed in Indian train-tractor collision

53 killed in Indian train-tractor collision

Fifty-three people were killed in central India on Thursday when a train collided with a tractor pulling a trailer that was crammed with people returning from a wedding, police said. "Fifty-three people have died. We fear the death toll could go up," said
Published 04 Feb, 2005 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm
Published 04 Feb, 2005 12:00am
F-16 issue to be dealt at right time: US

F-16 issue to be dealt at right time: US

The issue of F-16 fighter jets is an important issue but it will be dealt at right time, said Douglas Faith, US Under-secretary on Defence Policy here on Thursday. He was addressing a joint press conference here in ministry of defence along with Defence S
Published 04 Feb, 2005 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 04 Feb, 2005 12:00am
F-16 issue to be dealt at right time: US

F-16 issue to be dealt at right time: US

The issue of F-16 fighter jets is an important issue but it will be dealt at right time, said Douglas Faith, US Under-secretary on Defence Policy here on Thursday. He was addressing a joint press conference here in ministry of defence along with Defence S
Published 04 Feb, 2005 12:00am
KCCI and SAI sign MoUs with several countries

KCCI and SAI sign MoUs with several countries

Karachi Chamber of Commerce & Industry (KCCI) president Khalid Feroz signed seven Memorandums of Understanding (MoUs) with seven countries and held meetings on bilateral relations with delegations of various countries on Thursday at the second day of Expo
Published 04 Feb, 2005 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (February 03, 2005).

Published 04 Feb, 2005 12:00am
KCCI and SAI sign MoUs with several countries

KCCI and SAI sign MoUs with several countries

Karachi Chamber of Commerce & Industry (KCCI) president Khalid Feroz signed seven Memorandums of Understanding (MoUs) with seven countries and held meetings on bilateral relations with delegations of various countries on Thursday at the second day of Expo
Published 04 Feb, 2005 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (February 03, 2005).

Published 04 Feb, 2005 12:00am
Duty drawback on various items reduced

Duty drawback on various items reduced

The Central Board of Revenue (CBR) has reduced duty drawback rates on the export of items/products exported by 10 leading sectors, including manufacturers of biscuits/candies, clocks, detergent, insulators, shaving blades manufacturers and most of the rat
Published 04 Feb, 2005 12:00am
US Plains HRW wheat bids mixed

US Plains HRW wheat bids mixed

Hard red winter wheat spot basis bids in the US Plains were steady to mixed Thursday, with wheat movement reported routine to slow, merchants said. The basis in Catoosa, Oklahoma, was 1 cent a bushel weaker, while Gulf CIF values climbed back 2 cents a bu
Published 04 Feb, 2005 12:00am
Duty drawback on various items reduced

Duty drawback on various items reduced

The Central Board of Revenue (CBR) has reduced duty drawback rates on the export of items/products exported by 10 leading sectors, including manufacturers of biscuits/candies, clocks, detergent, insulators, shaving blades manufacturers and most of the rat
Published 04 Feb, 2005 12:00am