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Print - 2005-02-12
Benazir-Nawaz meeting

Benazir-Nawaz meeting

Thursday's meeting in Jeddah between Benazir Bhutto and Mian Nawaz Sharif, leaders of the two major parties, the PPP and the PML-N, is good news for the restoration of genuine democracy in this country. The two sworn enemies of the past vowed not to act i
Published 12 Feb, 2005 12:00am
World Bank must fulfil its responsibility

World Bank must fulfil its responsibility

Briefing the press on Tuesday in Islamabad on the conclusion of his Pakistan visit, the World Bank President, James D. Wolfensohn, said that the Bank will appoint a neutral expert for the Baglihar hydropower project dispute within two weeks' time. And fur
Published 12 Feb, 2005 12:00am
Weight variation: Plgmea's plea to CBR

Weight variation: Plgmea's plea to CBR

The leather garment exporters have urged the member, Export, Central Board of Revenue (CBR), to revise the public notice on weight variation, which suggests that the export consignments with over 10 percent weight difference will be stopped from shipment.
Published 12 Feb, 2005 12:00am
Weight variation: Plgmea's plea to CBR

Weight variation: Plgmea's plea to CBR

The leather garment exporters have urged the member, Export, Central Board of Revenue (CBR), to revise the public notice on weight variation, which suggests that the export consignments with over 10 percent weight difference will be stopped from shipment.
Published 12 Feb, 2005 12:00am
'79 revolution put Iran on path of development'

'79 revolution put Iran on path of development'

Consular General of Iran in Peshawar Mohammad Hassan Imani has said that the Islamic revolution of 1979 has put he Islamic republic on path of development saying that conspiracies against it are setto be foiled. Addressing a dinner reception held here on
Published 12 Feb, 2005 12:00am
Another computer centre set up at Sukkur

Another computer centre set up at Sukkur

Ko-Ordination Group, a social welfare project of Kalia Group, has set up another computer centre on Thursday (February 10) for needy students at Sukkur. Sindh Minister for Information and Technology (IT) Syed Mustafa Kamal was the chief guest in the inaug
Published 12 Feb, 2005 12:00am
MBBS result announced

MBBS result announced

The University of Health Sciences Lahore has declared the results of MBBS Part-I Annual Examination 2004 held in November/December 2004, showing pass percentage of 74.73. According to the notification, as many as 1,793 candidates appeared in the examinati
Published 12 Feb, 2005 12:00am
Amendments to PMDC Act stressed

Amendments to PMDC Act stressed

Federal Health Secretary Syed Anwar Mehmood has stressed the need for amendments to the Pakistan Medical and Dental Council (PMDC) Act. The private colleges and universities, providing quality medical education, should be given representation in the PMDC,
Published 12 Feb, 2005 12:00am
FPCCI president visits Mirpur

FPCCI president visits Mirpur

The business community of Mirpur gave a warm welcome to Chaudhry Saeed, newly elected President of the Federation of Pakistan Chamber of Commerce and Industry (FPCCI), on his arrival at his native town Mirpur, on Thursday. FPCCI President and central lead
Published 12 Feb, 2005 12:00am
KESC to enhance supply for Lasbela industrial zone

KESC to enhance supply for Lasbela industrial zone

Karachi Electric Supply Corporation (KESC) Managing Director Brigadier Tariq Saddozai has directed KESC transmission and distribution engineers to make arrangements for providing additional power load to industries. The MD issued these directives followin
Published 12 Feb, 2005 12:00am
The Weather

The Weather

The weather report on Friday (February 11) and the forecast for Saturday (February 12, 2005).
Published 12 Feb, 2005 12:00am
Strict preventive steps in Muharram stressed

Strict preventive steps in Muharram stressed

The IGP NWFP, Muhammad Raffat Pasha has strictly directed police high ups to maintain utmost vigilance and take stringent precautionary and preventive measures for peaceful observance of Muharram. He was presiding over a high level meeting at CPO P
Published 12 Feb, 2005 12:00am
New York cotton

New York cotton

Thursday's closing prices of New York cotton in US cents/lb.

Published 12 Feb, 2005 12:00am
NWFP chief minister spells out his priorities

NWFP chief minister spells out his priorities

NWFP Chief Minister Akram Khan Durrani has said that poverty eradication, efficient healthcare, education and drinking water facilities are placed at the top of the MMA's government priorities. "However, the Frontier province depends upon the federal gove
Published 12 Feb, 2005 12:00am
New York cotton

New York cotton

Thursday's closing prices of New York cotton in US cents/lb.

Published 12 Feb, 2005 12:00am
Role of journalists killed in Wana lauded

Role of journalists killed in Wana lauded

Minister for Information and Broadcasting Sheikh Rashid Ahmed on Friday lauded the services of the two journalists who rendered their lives in Wana, earlier this week. Allah Noor Wazir and Mir Nawab were killed following armed attack by unknown assailants
Published 12 Feb, 2005 12:00am
Key stock market movements at 1800 GMT on February 11

Key stock market movements at 1800 GMT on February 11

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 12 Feb, 2005 12:00am
Task force seeks suggestions

Task force seeks suggestions

Chief Minister's Task Force on Lahore has started preparations on next Lahore Marathon, scheduled to be held in Punjab metropolis on January 29, 2006. Ghause Akbar, Chairman of the Task Force on Lahore, in a statement here on Friday said that in order to
Published 12 Feb, 2005 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

Tragedy bares the undeniable nobility of human soul. It reduces distances between the people and brings them together. No doubt, the Asian tsunami disaster created massive waves of compassion all over the world. On Friday, a seriously frayed Senate sittin
Published 12 Feb, 2005 12:00am
Government disallows debate on POL and gas price hike

Government disallows debate on POL and gas price hike

The government on Friday backed out of its commitment in the Senate to allow a debate on the recent increase in petroleum products and gas prices, leaving the opposition in utter astonishment. Law and Justice Minister Shahid Akram Bhinder differed with th
Published 12 Feb, 2005 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Friday (February 11, 2005).

Published 12 Feb, 2005 12:00am
Nawaz for restoration of real democracy

Nawaz for restoration of real democracy

Leader of PML (N) Nawaz Sharif has said that present situation in Balochistan and Waziristan is weakening the country and political issues could only be resolved in a political way by democratic government. President, Muslim Students Federation Pakistan,
Published 12 Feb, 2005 12:00am
PML-N gives seven-point formula to resolve Balochistan issue

PML-N gives seven-point formula to resolve Balochistan issue

Pakistan Muslim League (PML-N) on Friday gave a seven-point formula to resolve the festering Balochistan crisis, cautioning otherwise, 1971-like situation could erupt. PML former minister and central leader Senator M. Ishaq Dar told a news conference here
Published 12 Feb, 2005 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (February 11, 2005).

Published 12 Feb, 2005 12:00am
NWFP to absorb all jobless IT professional in two years

NWFP to absorb all jobless IT professional in two years

NWFP Minister for Information Technology, Hussain Ahmed Kanju, has said that NWFP government is preparing a comprehensive plan for accommodating thousands of jobless IT professionals during the next two years, and expressed hope that if the proposed plan
Published 12 Feb, 2005 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Friday (February 11) and for Saturday (February 12, 2005).
Published 12 Feb, 2005 12:00am
Government striving to create drug-free society: Shaukat

Government striving to create drug-free society: Shaukat

Prime Minister Shaukat Aziz on Friday said that the government was striving to create a drug free society in the country. He was talking to the Minister for Narcotics Control, Ghaus Baksh Mahar who met him at the Prime Minister House here. The Prime Minis
Published 12 Feb, 2005 12:00am
Opposition stages walkout

Opposition stages walkout

Joint opposition staged walkout from the Senate over continuous interruption in proceedings by the Parliamentary Affairs Minister Sher Afgan Niazi. Leader of the Opposition Senator Raza Rabbani while condemning the minister for repeated interruption durin
Published 12 Feb, 2005 12:00am
Senate apprised of the 'wrong' about Baglihar dam

Senate apprised of the 'wrong' about Baglihar dam

What precisely is wrong with the Baglihar dam, which India is building upstream Chenab river in Occupied Kashmir, is not that it has no competence to raise one but its size, water storage capacity and power output. An official statement made in the Senate
Published 12 Feb, 2005 12:00am
Hearing put off

Hearing put off

The Lahore High Court (LHC) on Thursday adjourned the hearing of a constitutional petition moved by the Environmental Law Association and 23 residents of Chakwal, against the proposed establishment of cement plants in the Kahoon Valley, for February 22. T
Published 12 Feb, 2005 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (February 11, 2005).

Published 12 Feb, 2005 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (February 11, 2005).

Published 12 Feb, 2005 12:00am
Transporters threaten strike

Transporters threaten strike

The Karachi Transport Ittehad has reiterated to observe a two-day strike on February 24 and 25, if the prices of diesel were not brought to the level of November 30, 2004.
Published 12 Feb, 2005 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (February 11, 2005).

Published 12 Feb, 2005 12:00am
MoU signed for livestock uplift in NWFP

MoU signed for livestock uplift in NWFP

The University of Veterinary and Animal Sciences (UVAS) Lahore, and the National Centre for Competence in Research (NCCR) North-South Switzerland signed a memorandum of understanding (MoU) to work for livestock uplift in mountainous areas of the NWFP, esp
Published 12 Feb, 2005 12:00am
KKI closing rates of currency notes

KKI closing rates of currency notes

Khanani & Kalia International (Pvt) Limited Closing Rates of currency notes on Friday (February 11, 2005).

Published 12 Feb, 2005 12:00am
Health department fails to implement service structure

Health department fails to implement service structure

Pakistan Medical Association (PMA) on Friday alleged that the provincial health department has failed to implement service structure of doctors in general cadre, which was approved in 1994. PMA Lahore, President Professor Dr Imtiaz Rasool told newsmen her
Published 12 Feb, 2005 12:00am
KSE asked to eliminate market abuse

KSE asked to eliminate market abuse

Dr Tariq Hassan, Chairman, Securities and Exchange Commission of Pakistan (SECP), has told the new board of directors of KSE that the prime task for the year 2005 is to change the perception about market manipulation, market abuse and undesired speculatio
Published 12 Feb, 2005 12:00am
THE RUPEE: weakness persists in interbank

THE RUPEE: weakness persists in interbank

The rupee on Friday continued its overnight weakness versus the dollar in the interbank market, losing three paisa for buying and four paisa for selling at Rs 59.38 and Rs 59.42, dealers said. Market sources said that the rupee failed to show any improvem
Published 12 Feb, 2005 12:00am
Book launching today

Book launching today

A book on "The role of construction industry in national economy," written by prominent builder and industrialists Munir Sultan, will be launched on February 12 at a hotel here. Chairman Senate, Mohammedmian Soomro will be the chief guest on the occasion.
Published 12 Feb, 2005 12:00am
THE RUPEE: weakness persists in interbank

THE RUPEE: weakness persists in interbank

The rupee on Friday continued its overnight weakness versus the dollar in the interbank market, losing three paisa for buying and four paisa for selling at Rs 59.38 and Rs 59.42, dealers said. Market sources said that the rupee failed to show any improvem
Published 12 Feb, 2005 12:00am
PQA allows 10 demurrage-free days to TCP for wheat import

PQA allows 10 demurrage-free days to TCP for wheat import

The Port Qasim Authority (PQA) has allowed ten demurrage-free days to the Trading Corporation of Pakistan (TCP) for the second phase of import of 500,000 tonnes of wheat, commencing from February 16. Under the port's tariff, only eight demurrage-free days
Published 12 Feb, 2005 12:00am
Tree plantation an effective weapon against pollution: chief minister

Tree plantation an effective weapon against pollution: chief minister

Punjab Chief Minister, Chaudhry Pervaiz Elahi said that present decade was very important with regard to measures to control environmental pollution as like the developed countries, people in Pakistan were also determined to fight this problem. On the occ
Published 12 Feb, 2005 12:00am
Free utilities to industrial units demanded

Free utilities to industrial units demanded

Principal Army Medical College, Major General Shujaat Hussain said that Chinese government was providing free utilities to industrialists and also guiding them for giving boost to their businesses. He stated this at a first consultative meeting on researc
Published 12 Feb, 2005 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Friday (February 11, 2005).

Published 12 Feb, 2005 12:00am
Al-Zamin and Saudi Group to set up Islamic bank

Al-Zamin and Saudi Group to set up Islamic bank

Al-Zamin Leasing Modaraba is likely to set up an Islamic bank with a paid up capital of Rs 2 billion after getting approval from the State Bank of Pakistan (SBP) and Securities and Exchange Commission of Pakistan (SECP) in collaboration with Saudi Bashair
Published 12 Feb, 2005 12:00am
Al-Zamin and Saudi Group to set up Islamic bank

Al-Zamin and Saudi Group to set up Islamic bank

Al-Zamin Leasing Modaraba is likely to set up an Islamic bank with a paid up capital of Rs 2 billion after getting approval from the State Bank of Pakistan (SBP) and Securities and Exchange Commission of Pakistan (SECP) in collaboration with Saudi Bashair
Published 12 Feb, 2005 12:00am
Presentation

Presentation

Presentation at KSE auditorium (only for members and an authorised employee of the members).

Published 12 Feb, 2005 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Friday (February 11, 2005).

Published 12 Feb, 2005 12:00am
Sukkur Barrage repair work to be completed by April 15

Sukkur Barrage repair work to be completed by April 15

The repair work of Sukkur Barrage has entered in the middle phase and expected to be completed by the deadline of April 15. With its structure of yellow stones and steel over the River Indus, Sukkur Barrage stands as the worlds biggest irrigation system.
Published 12 Feb, 2005 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 12 Feb, 2005 12:00am
Pakistan paradise for foreign investors: ADB

Pakistan paradise for foreign investors: ADB

Asian Development Bank (ADB) chief advisor Robert Heron said on Thursday Pakistan is a paradise for foreign investors where a large number of opportunities are available for them in construction industry, textile and mining sectors. Talking to newsmen, Ro
Published 12 Feb, 2005 12:00am
Board meetings in progress

Board meetings in progress

Board Meetings in Progress of Companies listed on the Karachi Stock Exchange.

Published 12 Feb, 2005 12:00am
Utility companies' digging spree creating hardships

Utility companies' digging spree creating hardships

The ongoing digging spree of utility organisations like PTCL, Wasa and TEPA at a number of city roads has led to severe hardships for both motorists and the pedestrians. The recent wet spell has just added to the worst by turning all the dug out roads int
Published 12 Feb, 2005 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 12 Feb, 2005 12:00am
'Tax collection system in AJK to be streamlined'

'Tax collection system in AJK to be streamlined'

Minister for Kashmir Affairs and Northern Areas Makhdoom Syed Faisal Saleh Hayat on Friday said that the system of income tax collection in AJK would be streamlined to improve its efficiency. Speaking at a meeting he said there is always room of improveme
Published 12 Feb, 2005 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 12 Feb, 2005 12:00am
PHMA opposes raise in gas tariff

PHMA opposes raise in gas tariff

Pakistan Hosiery Manufacturers Association (PHMA) (North Zone), Vice Chairman Salamat Ali has strongly opposed the increase in gas tariff by Ogra. Talking to newsmen, he said the authority had allowed increase in gas tariff by 8.25 percent for all categor
Published 12 Feb, 2005 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Friday (February 11, 2005).

Published 12 Feb, 2005 12:00am
Musharraf urges women to make Pakistan a dynamic Islamic state

Musharraf urges women to make Pakistan a dynamic Islamic state

President General Pervez Musharraf on Friday said women, who constitute 50 percent of the population of the country, have been empowered as never before in history, it is now up to them to use their empowerment in making Pakistan a forward-looking and dyn
Published 12 Feb, 2005 12:00am
'Negotiations on to import natural gas'

'Negotiations on to import natural gas'

Negotiations are being held to import natural gas either from Iran, Qatar or Turkmenistan to sustain high economic growth rates, Managing Director (MD) Sui Southern Gas Pipeline Company (SSGPL) Munawwar Baseer Ahmad said on Friday. "To sustain high econom
Published 12 Feb, 2005 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 12 Feb, 2005 12:00am
Rain lashes Karachi

Rain lashes Karachi

The low-lying areas were inundated and civic life remained disturbed as Karachi received downpour early Friday, while the Meteorological Department has forecast more rains in the next 24 hours. Many roads and streets submerged under rainwater resulting in
Published 12 Feb, 2005 12:00am
KUJ polls today

KUJ polls today

The annual elections of Karachi Union of Journalists (KUJ) are being held on Saturday with two panels in the contest.
Published 12 Feb, 2005 12:00am
Karachi Fishermen concerned over Pasni situation

Karachi Fishermen concerned over Pasni situation

The fishermen in Karachi have voiced concern over widespread damage caused by rains in Pasni and submerging of several villages by floodwater from the Shadikor Dam burst. The residents of Pasni said that heavy rains have been unusual this year and the loc
Published 12 Feb, 2005 12:00am
Educated youth force should be utilised properly: Sindh governor

Educated youth force should be utilised properly: Sindh governor

Sindh Governor Dr Ishratul Ibad has said that youths constitute a very powerful force, which should be utilised properly. He stated this at the concluding session of "Sindh Provincial Youth Convention", organised jointly by the Karachi University (KU) and
Published 12 Feb, 2005 12:00am
'Cardiovascular disease becomes second major cause of deaths'

'Cardiovascular disease becomes second major cause of deaths'

Around 17 million deaths and 32 million heart attacks and strokes were reported globally as the cardiovascular disease (CVD) become second leading cause of deaths. Nearly 85 percent of the global mortality and disease burden from CVDs is borne by lower an
Published 12 Feb, 2005 12:00am
Mother and four children found dead

Mother and four children found dead

Five persons of a family were found dead at Nazirabad colony, here on Friday afternoon. According to police, the family of expatriate Mukhtar Ahmad was living in Nazirabad colony, Bahawalpur. On Friday afternoon, the residents of the area observing a comp
Published 12 Feb, 2005 12:00am
Hearing put off in election petition

Hearing put off in election petition

A division bench of the Lahore High Court (LHC) on Friday adjourned till next week further proceedings in an election petition against Speaker Punjab Assembly, Afzal Sahi. The counsel of Afzal Sahi submitted before the court that a division bench of the a
Published 12 Feb, 2005 12:00am
'Pakistan wants to live peacefully with India'

'Pakistan wants to live peacefully with India'

Federal Minister for Information and Broadcasting Sheikh Rashid Ahmed said here on Friday that Pakistan wants to live peacefully with India provided New Delhi solves the Kashmir problem. "India should give positive response to Pakistan's sincere and earne
Published 12 Feb, 2005 12:00am
Kamal Shah assumes office

Kamal Shah assumes office

Newly appointed Federal Secretary for Interior, Syed Kamal Shah has assumed the charge of his office. He has been appointed as Federal Secretary for Interior in recognition of his meritorious performance as Inspector General of Police, Sindh for more than
Published 12 Feb, 2005 12:00am
President and Prime Minister grieved over loss of lives in rains

President and Prime Minister grieved over loss of lives in rains

President General Pervez Musharraf has expressed his profound grief and sorrow over the loss of lives and damage to property following unprecedented rains in the country particularly in Balochistan province. The President said all resources have been mobi
Published 12 Feb, 2005 12:00am
'Musharraf for bringing oil and gas pipelines from CARs'

'Musharraf for bringing oil and gas pipelines from CARs'

President General Pervez Musharraf has urged Pak-Afghan Joint Economic Commission (JEC) to work on bringing oil and gas pipelines from Central Asian Republics (CARs) through Afghanistan to Pakistan for a domestic market and onward transmission to internat
Published 12 Feb, 2005 12:00am
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