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May 15, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2005-02-15
AIOU convocation on February 24

AIOU convocation on February 24

Sixth convocation (Islamabad chapter) of the Allama Iqbal Open University (AIOU) is going to be held on February 24, 2005 in its main campus at Sector H-8, Islamabad. Federal Education Minister Lieutenant General Javed Ashraf (Retd), pro-chancellor of the
Published 15 Feb, 2005 12:00am
Searching for school books in Fallujah field of ruins

Searching for school books in Fallujah field of ruins

Three months after Fallujah was pounded to rubble, teachers, children and volunteers are sifting through the ruins to salvage a few school books as classes resume. "Be careful, don't come here, the roof could collapse," says a municipal employee, as he sh
Published 15 Feb, 2005 12:00am
The scourge of cancer in children

The scourge of cancer in children

Over the last three decades there has been tremendous improvement in the survival of childhood cancer. More than 75% children are now cured of their disease in developed countries. The survival of childhood cancer in developing countries, including Pakist
Published 15 Feb, 2005 12:00am
Devising national transport policy

Devising national transport policy

Addressing a news conference in Islamabad recently, Secretary, Ministry of Communication, disclosed that the government is in the process of preparing the first ever 'National Transport Policy', which may be announced by the end of the current year. Durin
Published 15 Feb, 2005 12:00am
False piety

False piety

There has been much ado in the Senate the other day over the issue of three recent prime ministers having spent between them Rs 43 million from the public exchequer on Umra trips for their near and dear and favoured ones. The controversy arose as a result
Published 15 Feb, 2005 12:00am
Rain death toll reaches 42 in Fata

Rain death toll reaches 42 in Fata

The death toll in Fata from devastating rains and snowfall has reached 42 with the highest toll of 12 in Khyber and 9 in Bajaur Agency. Forty-seven persons received injuries with 22 in Khyber and five in Bajaur Agency. The figures so far collected show th
Published 15 Feb, 2005 12:00am
Plgmea wants simplification of export refinance scheme

Plgmea wants simplification of export refinance scheme

The Pakistan Leather Garment Manufacturers and Exporters Association (Plgmea) has suggested that the export refinance Part-1 scheme should be simplified to allow the exporters to provide an undertaking and a demand promissory note at the time of obtaining
Published 15 Feb, 2005 12:00am
Assessment of rain damages directed

Assessment of rain damages directed

Acting Chief Commissioner Islamabad, Tariq Mehmood Pirzada while presiding over a meeting here on Monday has directed the assistant commissioners, area magistrates, revenue staff and local government officials besides other concerned civic agencies of the
Published 15 Feb, 2005 12:00am
Hearing put off

Hearing put off

The Lahore High Court (LHC) on Monday put off proceedings for a week in an election petition filed against provincial food minister Chaudhry Muhammad Iqbal, as the petitioner's counsel failed to appear before the court. The applicant, Arqam Khan, had appr
Published 15 Feb, 2005 12:00am
Aga Khan to help rescue French chateau from ravages of time

Aga Khan to help rescue French chateau from ravages of time

One of France's most stunning chateaux, which houses the country's second most important art collection, is to be rescued from falling into disrepair thanks to a helping hand from its neighbour, the Aga Khan. The billionaire spiritual leader of the world'
Published 15 Feb, 2005 12:00am
Canadian team visits SKMCH

Canadian team visits SKMCH

Member of House of Commons, Canada, Carolyn Parrish, who is currently visiting Pakistan, accompanied by the members of Pakistan community in Canada visited Shaukat Khanum Memorial Cancer Hospital and Research Centre (SKMCH). Chief Executive Officer of the
Published 15 Feb, 2005 12:00am
Tobacco plantation in NWFP starts next week

Tobacco plantation in NWFP starts next week

The transplantation of White Patta tobacco is commencing from next week while that of Virginia type will start from the first week of March in NWFP, an official handout issued by the Pakistan Tobacco Board (PTB) said here on Monday. It said that due to in
Published 15 Feb, 2005 12:00am
Jimmy Engineer feted in Houston

Jimmy Engineer feted in Houston

The Zarathushti Heritage and Cultural Centre held a reception for renowned artist and humanitarian Jimmy Engineer in Houston (Texas). According to a message received here, Zoroastrian Association of Houston's Library Chairperson, Aban Rustomji, introduced
Published 15 Feb, 2005 12:00am
Need stressed to exploit maximum Pak-Romania trade potential

Need stressed to exploit maximum Pak-Romania trade potential

Speakers at a seminar here on Monday unanimously agreed that Pakistan and Romania have yet to exploit immense potential of bilateral trade, despite the gradual increase in trade volume in recent years, which stood at $31 million in 2004, remains much belo
Published 15 Feb, 2005 12:00am
Ulema urged to spread message of Islam

Ulema urged to spread message of Islam

Deputy Speaker National Assembly Sardar Muhammad Yaqoob has urged the Ulema to spread the real message of Islam to help remove misunderstanding against Islam. He was speaking on the launching ceremony of Allama Muhammad Umer Abbasi's book entitled "Maraka
Published 15 Feb, 2005 12:00am
KWSB power supply disconnected again

KWSB power supply disconnected again

Karachi Electric Supply Company has again disconnected the power supply of Karachi Water & Sewerage Board due to non-payment of bills. According to the KESC spokesman, the unpaid electricity bills of Karachi Water & Sewerage Board has accumulated to Rs 9.
Published 15 Feb, 2005 12:00am
Government asked to get three-year grace period from WTO

Government asked to get three-year grace period from WTO

Sheikh Manzar Alam, a former chairman of Korangi Association of Trade and Industry (Kati), has urged the government to take appropriate steps to contact the World Trade Organisation (WTO) authorities and convince them to give three years grace period to i
Published 15 Feb, 2005 12:00am
Chinese trade team due next week

Chinese trade team due next week

A high-level Chinese delegation, led by Assistant Minister of Commerce Yi Xiaozhun Zhun, will visit Pakistan next week to review the existing economic co-operation between the two countries. Official sources told newsmen here on Monday that the visit woul
Published 15 Feb, 2005 12:00am
'Muharram sacred for all Muslims'

'Muharram sacred for all Muslims'

The month of Muharram is equally sacred for all religious sects of Muslims; and there can be no difference of opinion in this regard, said Punjab Zakat and Ushr Minister Khadim Hussain Wattoo. Talking to delegations from various districts, who called at h
Published 15 Feb, 2005 12:00am
Projects initiated to irrigate Barani areas

Projects initiated to irrigate Barani areas

Punjab government has commenced several projects to ensure proper irrigation facilities to the rain-fed area in districts Dera Ghazi Khan and Rajanpur, which on completion will provide water to 134,000 acres land. This was disclosed by Punjab Irrigation M
Published 15 Feb, 2005 12:00am
Agriculture research institute to be set up in Azad Kashmir

Agriculture research institute to be set up in Azad Kashmir

An agriculture research institute will soon be established in North Azad Kashmir in order to bring the liberated territory of AJK in the framework of agricultural development. AJK Chamber of Agriculture general-secretary Raja Ijaz Ali disclosed this while
Published 15 Feb, 2005 12:00am
Prime Minister hails Navy for early relief

Prime Minister hails Navy for early relief

Prime Minister Shaukat Aziz on Monday appreciated the role of Pakistan Navy in providing relief and rescue operations for those affected by heavy rains in Pasni. He was talking to the Naval Chief Admiral Shahid Karimullah who called on him here at the Pri
Published 15 Feb, 2005 12:00am
People urged not to elect feudals in local bodies polls

People urged not to elect feudals in local bodies polls

Seraiki Awami Sangat (SAS) has appealed to Seraiki people not to cast their votes in favour of 'waderas', 'jagirdars', feudal lords, and those who betrayed them in the past. Instead, they should exercise their right of vote in favour of new generation in
Published 15 Feb, 2005 12:00am
PCRWR to spend Rs 177.20 million for water project

PCRWR to spend Rs 177.20 million for water project

Pakistan Council of Research in Water Resources (PCRWR) will spend Rs 177.20 million for the completion of a project to harness water potential through the use of appropriate technologies in the country. Ministry of Science and Technology has approved the
Published 15 Feb, 2005 12:00am
Call for expanding economic co-operation with Europe

Call for expanding economic co-operation with Europe

The Lahore Chamber of Commerce and Industry (LCCI) Senior Vice-President, Sohail Lashari has said that there is a need for making more concerted and focused efforts to expand economic co-operation with Europe, as it is fast emerging as prime economic bloc
Published 15 Feb, 2005 12:00am
PML a democratic party, says Shujaat

PML a democratic party, says Shujaat

The President of Pakistan Muslim League (PML), Chaudhry Shujaat Hussain has said that PML is a democratic party and has strived a lot to keep alive democratic traditions. This he said while talking to the Senior Vice President of PML Balochistan Haji Jana
Published 15 Feb, 2005 12:00am
MMA assures President of support for Balochistan uplift

MMA assures President of support for Balochistan uplift

Senior Minister of Balochistan government Maulvi Abdul Wasay and Parliamentarian Maulana Muhammad Khan Sherani called on President General Pervez Musharraf here on Monday afternoon. During the course of the meeting, they assured the President of Balochist
Published 15 Feb, 2005 12:00am
State Life lifts

State Life lifts

I think the first thing after the privatisation of State Life should be to abolish the five days working regime because this is the very reason why its Real Estate Department does not operate lifts on Saturday in State Life Square, causing great hardship
Published 15 Feb, 2005 12:00am
Justice in 21 years

Justice in 21 years

This is the sad story of a married couple of Bahawalnagar, 80-year old man and 75-year old woman, who had to live under the shadow of illegitimacy for a period of over 21 years, courtesy our judicial system. The case against the couple was registered, und
Published 15 Feb, 2005 12:00am
Basant and mobile phone

Basant and mobile phone

The recent Basant festival in Lahore was superb. The arrangements were excellent for this mega cultural event. The festival could be used to project a liberal, enlightened and progressive image of Pakistan in the international media. The power outage owin
Published 15 Feb, 2005 12:00am
Booking of vehicles

Booking of vehicles

This is in response to the letter from Mumtaz A. Piracha, appearing in Business Recorder on February 10, 2005. Whereas the writer demands reduction in delivery periods and simultaneously a reduction in the amount paid at the time of booking, I woul
Published 15 Feb, 2005 12:00am
173,824 left country in 2003 to seek jobs abroad

173,824 left country in 2003 to seek jobs abroad

As many as 173,824 skilled workers left the country to seek jobs abroad as against at least 214,039 people in 2003, according to official statistics available here. Of the 173, 824 people as many as 26,807 job-seekers went abroad only from Karachi. While
Published 15 Feb, 2005 12:00am
ACP to apply on imports of over Rs 30 million in a year

ACP to apply on imports of over Rs 30 million in a year

The Customs Collectorate (Appraisement) has expanded the scope of automated clearance procedure (ACP) by including the importers having import value more than Rs 30 million during one year. The scheme earlier applied on the imports by the Federal and all
Published 15 Feb, 2005 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Monday (February 14, 2005).

Published 15 Feb, 2005 12:00am
Various projects underway in Karachi: Naimat

Various projects underway in Karachi: Naimat

Karachi Nazim Naimatullah has said that various projects including the construction of 19 roads are in the process. An Urban Bus Service project shall start in the suburb areas of the city pertaining to which 250 buses have reached recently and the Karach
Published 15 Feb, 2005 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (February 14, 2005).

Published 15 Feb, 2005 12:00am
Punjab University holidays

Punjab University holidays

The Punjab University (PU) will remain closed from 19th to 21st February, 2005 (Saturday to Monday) on account of Ashura Muharram, says a notice issued here on Monday.
Published 15 Feb, 2005 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Monday (February 14) and for Tuesday (February 15, 2005).
Published 15 Feb, 2005 12:00am
Ban on plastic drums for carrying milk challenged

Ban on plastic drums for carrying milk challenged

Muhammad Akram of United Dairy Farm has approached the Lahore High Court (LHC) against the decision of Executive District Officer (Health), Lahore, imposing ban on the use of plastic drums for carrying milk and cream. The petitioner contended that plastic
Published 15 Feb, 2005 12:00am
Key stock market movements at 1800 GMT on February 14

Key stock market movements at 1800 GMT on February 14

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 15 Feb, 2005 12:00am
Aptma seeks greater role of missions abroad to boost trade ties

Aptma seeks greater role of missions abroad to boost trade ties

The All-Pakistan Textile Mills Association (Aptma) has called for giving specific targets to Pakistan's missions abroad so as to promote trade ties with different countries. Aptma chairman Arif Saeed told Business Recorder here on Monday that "we n
Published 15 Feb, 2005 12:00am
Privatisation process in Sindh reviewed

Privatisation process in Sindh reviewed

A joint meeting of Sindh Cabinet Committee on Privatisation and Provincial Privatisation Commission was held here on Monday under the chairmanship of Sindh Senior Minister for Finance, Syed Sardar Ahmed. The meeting took stock of the progress made in resp
Published 15 Feb, 2005 12:00am
Canadian Parliamentarian meets Punjab chief minister

Canadian Parliamentarian meets Punjab chief minister

Member Canadian Parliament, Carolyne Parish called on Punjab Chief Minister Chaudhry Pervaiz Elahi here on Monday and discussed with him matters pertaining to mutual interest. President National Congress of Pakistani Canadians Waqar Gillani also accompani
Published 15 Feb, 2005 12:00am
SNGPL completes repair work on gas pipeline near Muridke

SNGPL completes repair work on gas pipeline near Muridke

Sui Northern Gas Pipeline Limited (SNGPL) team completed the repair and restoration work on the gas pipeline ruptured allegedly by saboteurs near Muridke on Sunday night. The line, that reportedly bursts with a big bang however, caught no fire. No loss of
Published 15 Feb, 2005 12:00am
New York cotton

New York cotton

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

Published 15 Feb, 2005 12:00am
Sindh to have seven more satellite Agro-Export Processing Zones

Sindh to have seven more satellite Agro-Export Processing Zones

The Sindh government has given a final shape to establish seven more Satellite Agro-Export Processing Zones in the province with the cost of Rs 169 million. This was stated by Advisor to Chief Minister for Food and Agriculture, Murtaza Khan Jatoi, at a br
Published 15 Feb, 2005 12:00am
New York cotton

New York cotton

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

Published 15 Feb, 2005 12:00am
US envoy meets Mengal and Mazari

US envoy meets Mengal and Mazari

United States Ambassador to Pakistan Ryan Crocker held a meeting with prominent Baloch leaders to discuss the present situation of the Balochistan province. Chief of Pakistan Oppressed Nations Movement (Ponam) Sardar Attaullah Mengal, veteran politician S
Published 15 Feb, 2005 12:00am
Tajik team visits industrial units

Tajik team visits industrial units

Pakistani business community should take part in the revival of industrial sector of Tajikistan, and the Tajik government would extend maximum facilities to them. Shavkat Bobeov, head of the Tajik delegation and Deputy Governor of Sugd region expressed th
Published 15 Feb, 2005 12:00am
The Weather

The Weather

The weather report on Monday (February 14) and the forecast for Tuesday (February 15, 2005).
Published 15 Feb, 2005 12:00am
PPMA unhappy over hike in paper price

PPMA unhappy over hike in paper price

All Pakistan Paper Merchants Association (PPMA) has expressed concern over unjustified increase in paper price from Rs 6,000 to Rs 8,000 per tonne during last four days. The Vice Chairman PPMA, Khamas Saeed said here on Monday that the big paper mills hav
Published 15 Feb, 2005 12:00am
Arbab calls on Shaukat

Arbab calls on Shaukat

Sindh Chief Minister, Dr Arbab Ghulam Rahim on Monday called on Prime Minister Shaukat Aziz at the Prime Minister's House and discussed with him political and party matters and development projects in Sindh. They reviewed the mega development projects bei
Published 15 Feb, 2005 12:00am
Age limit relaxed for job-seekers

Age limit relaxed for job-seekers

Sindh Chief Minister Dr Arbab Ghulam Rahim has allowed increase in age limit by 10 years to all those applicants applying for the government jobs. In a communication to Chief Secretary Sindh, the Chief Minister pointed out that the concession would be for
Published 15 Feb, 2005 12:00am
Sukuk bonds: Islamic states urged to encourage IDB role

Sukuk bonds: Islamic states urged to encourage IDB role

Islamic countries have been urged to give due importance to the role of Islamic Development Bank (IDB) for enhancing investment Sukuk (Islamic Bonds). This is one of the major recommendations made by the 11th private sector meeting for the promotion of jo
Published 15 Feb, 2005 12:00am
Sukuk bonds: Islamic states urged to encourage IDB role

Sukuk bonds: Islamic states urged to encourage IDB role

Islamic countries have been urged to give due importance to the role of Islamic Development Bank (IDB) for enhancing investment Sukuk (Islamic Bonds). This is one of the major recommendations made by the 11th private sector meeting for the promotion of jo
Published 15 Feb, 2005 12:00am
Fuel and cement lead LSE rally

Fuel and cement lead LSE rally

Bulls demonstrated their full strength on first trading day of the week on Lahore Stock Exchange (LSE), where fuel and energy sector and cement stocks led the rally, with the index showing a net improvement of 43.80 points. The LSE-25 index closed at 3674
Published 15 Feb, 2005 12:00am
Alcatel signs CDMA deal with China's ZTE

Alcatel signs CDMA deal with China's ZTE

China's biggest listed telecoms firm, ZTE, and France's Alcatel have signed a deal to co-operate on CDMA mobile network technology, the companies said on Monday. Under the agreement Alcatel will use ZTE's radio access technology in its CDMA systems. CDMA
Published 15 Feb, 2005 12:00am
ISE index gains 153.27 points

ISE index gains 153.27 points

Fresh bullish spree in hot-favourites moved the entire ready-board in upward direction at Islamabad Stock Exchange (ISE) where equities witnessed broad-based recovery amid increase in index. ISE network index secured 153.27 points as the price-based indic
Published 15 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 Monday (February 14, 2005).

Published 15 Feb, 2005 12:00am
ISE index gains 153.27 points

ISE index gains 153.27 points

Fresh bullish spree in hot-favourites moved the entire ready-board in upward direction at Islamabad Stock Exchange (ISE) where equities witnessed broad-based recovery amid increase in index. ISE network index secured 153.27 points as the price-based indic
Published 15 Feb, 2005 12:00am
Airbus expects US-EU deal won't hit A350 funding

Airbus expects US-EU deal won't hit A350 funding

Negotiations on state funding for the proposed Airbus A350 jet will go ahead as planned, even if the European Union and the United States agree to curtail subsidies for aircraft makers, a senior official at one of Airbus's parent companies said on Monday.
Published 15 Feb, 2005 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (February 14, 2005).
Published 15 Feb, 2005 12:00am
Fiat eyes future without General Motors

Fiat eyes future without General Motors

Fiat shares and bonds rallied on Monday after the Italian group won a $2 billion settlement with General Motors, avoiding a long court case but also increasing the pressure to revive its car arm. On Sunday, Fiat and GM dissolved their 5-year partnership a
Published 15 Feb, 2005 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (February 14, 2005).

Published 15 Feb, 2005 12:00am
Fiat eyes future without General Motors

Fiat eyes future without General Motors

Fiat shares and bonds rallied on Monday after the Italian group won a $2 billion settlement with General Motors, avoiding a long court case but also increasing the pressure to revive its car arm. On Sunday, Fiat and GM dissolved their 5-year partnership a
Published 15 Feb, 2005 12:00am
Taiwan's trade deficit shrinks

Taiwan's trade deficit shrinks

Taiwan's trade deficit in January shrank to 200 million dollars from 1.12 billion dollars in December as exports picked up steam, the finance ministry said Monday. Exports in January rose 29.7 percent year-on-year to 15.31 billion dollars, compared with t
Published 15 Feb, 2005 12:00am
Low rates tempt banks into high-risk credit binge

Low rates tempt banks into high-risk credit binge

Fears that investment banks and investors could be loading up on risk to boost revenues in a financial system awash with cheap money has set warning lights flashing for the world's financial watchdogs. The US central bank, the Bank of England and now the
Published 15 Feb, 2005 12:00am
Trading nations head for 'endgame document' in December

Trading nations head for 'endgame document' in December

World Trade Organisation member states said Monday they were aiming to come up with an "endgame document" by the end of the year as they took a more focused approach to troubled global trade talks. Negotiators said after a meeting of the WTO's key negotia
Published 15 Feb, 2005 12:00am
Indofood creates world's largest noodle packet

Indofood creates world's largest noodle packet

A major Indonesian food manufacturer has secured a place in the Guinness Book of Records by producing the world's largest packet and the largest serving of instant noodles. The giant packet, created by PT Indofood Sukses Makmur, was 3.4-meters (11.2 feet)
Published 15 Feb, 2005 12:00am
Prime Minister orders relief goods air-dropping in calamity areas

Prime Minister orders relief goods air-dropping in calamity areas

Prime Minister Shaukat Aziz on Monday visited rain-affected areas of NWFP and ordered immediate steps to drop foodstuffs and other relief goods by helicopters where road network had been destroyed. He, along with Governor Iftikhar Hussain and Chief Minist
Published 15 Feb, 2005 12:00am
EU report on Pakistan fisheries due this week

EU report on Pakistan fisheries due this week

The European Union (EU) inspection report on Pakistan fisheries production is expected to be received by the end of this week, reliable sources has told the Business Recorder here on Monday. The EU's mission had paid a weeklong visit to Karachi Fis
Published 15 Feb, 2005 12:00am
Natwar arriving today

Natwar arriving today

A thorough review of the ongoing composite dialogue between Pakistan and India will be held when Foreign Minister Khurshid Kasuri and Indian External Affairs Minister Natwar Singh meet, along with their aides, here on Wednesday. The Indian Minister, accom
Published 15 Feb, 2005 12:00am
World currencies and euro

World currencies and euro

Value of the euro in terms of other world currencies as prevailing in the week ended Monday (February 14, 2005).
Published 15 Feb, 2005 12:00am
Natwar arriving today

Natwar arriving today

A thorough review of the ongoing composite dialogue between Pakistan and India will be held when Foreign Minister Khurshid Kasuri and Indian External Affairs Minister Natwar Singh meet, along with their aides, here on Wednesday. The Indian Minister, accom
Published 15 Feb, 2005 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (February 14, 2005).

Published 15 Feb, 2005 12:00am
Nine LDI operators given green signal

Nine LDI operators given green signal

Pakistan Telecommunication Authority (PTA) has given go-ahead to nine long-distance and international (LDI) operators to start operations in the country. The PTA, after completing inspection of infrastructure and other facilities, gave permission to start
Published 15 Feb, 2005 12:00am
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