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Print - 2005-03-19
Mukhtaran Mai case: four gang rape suspects re-arrested

Mukhtaran Mai case: four gang rape suspects re-arrested

The authorities, acting on the orders of the President and Prime Minister, re-arrested four men involved in a high-profile gang-rape case on Friday after an appeal by the alleged victim, officials said. The four had been freed from jail on Tuesday despite
Published 19 Mar, 2005 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Friday (March 18, 2005).

Published 19 Mar, 2005 12:00am
National Assembly to form panel to determine POL prices

National Assembly to form panel to determine POL prices

The government on Friday agreed to constitute a subcommittee of National Assembly to determine POL prices. Federal Minister for Petroleum and Natural Resources Amanullah Jadoon made the announcement while winding up the debate on petroleum prices. It is p
Published 19 Mar, 2005 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 19 Mar, 2005 12:00am
Australian experts' help sought to improve mango yield

Australian experts' help sought to improve mango yield

Federal Minister for Food Agriculture and Livestock Sikandar Hayat Khan Bosan has sought the help of Australian agriculture experts to improve the yield of mango in Pakistan, says a press release here on Friday. Bosan in a meeting with Australian High Com
Published 19 Mar, 2005 12:00am
Board meetings in progress

Board meetings in progress

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

Published 19 Mar, 2005 12:00am
Situation in Northern Areas decried

Situation in Northern Areas decried

The Liberal Forum Pakistan (LFP) in its national board meeting held recently expressed serious concerns over the continued conflict in Northern Areas of Pakistan. The meeting strongly condemned the acts of terrorism in the region. In also criticised the i
Published 19 Mar, 2005 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 19 Mar, 2005 12:00am
Legislators for greater say in budget making process

Legislators for greater say in budget making process

Legislators of the NWFP Assembly on Friday called for more participation of the parliamentarians in discussing important public matters particularly budgetary process of the province. The briefing session for this purpose was organised under the auspices
Published 19 Mar, 2005 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Karachi Stock Exchange.

Published 19 Mar, 2005 12:00am
Opposition MNAs' team to visit Dera Bugti today

Opposition MNAs' team to visit Dera Bugti today

A delegation of opposition parties' MNAs will dash to Balochistan on Saturday to take stock of the situation in Dera Bugti, following Thursday's bloody 'clash' between the security forces and tribesmen. The opposition parties in the National Assembly read
Published 19 Mar, 2005 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Friday (March 18, 2005).

Published 19 Mar, 2005 12:00am
Lack of quorum: President calls parliamentarians' meeting on March 25

Lack of quorum: President calls parliamentarians' meeting on March 25

The government's inability to maintain quorum in the National Assembly prompted President Pervez Musharraf to step in and he has summoned the ruling coalition parliamentarians on March 25 to discuss the matter threadbare. Talking to newsmen in his chamber
Published 19 Mar, 2005 12:00am
Soomro and Wasim condole with Tareen

Soomro and Wasim condole with Tareen

Chairman Senate Mohammedmian Soomro has expressed his deep grief and sorrow over the sad demise of Allah Nawaz Khan Tareen, father of Minister for Industries and Production and Special Initiatives, Jehangir Khan Tareen. In his condolence message Chairman
Published 19 Mar, 2005 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 19 Mar, 2005 12:00am
Conference on education reforms on April 4

Conference on education reforms on April 4

The School of Advanced International Studies (SAIS) of Johns Hopkins University is holding a daylong conference on 'Reforming Education in Pakistan: Constraints and Opportunities' on April 4. The conference will start with introductory remarks by Ambassad
Published 19 Mar, 2005 12:00am
Law to cover new industrial policy soon

Law to cover new industrial policy soon

The NWFP Chief Minister Akram Khan Durrani has said the provincial government would make legislation at assembly floors to give legal cover to the new industrial policy and incentives for industrial units and investment in frontier province. He was addres
Published 19 Mar, 2005 12:00am
Joint efforts to improve dentistry education stressed

Joint efforts to improve dentistry education stressed

Speakers at Dental Workshop on Friday stressed on joint efforts of all stakeholders to improve dentistry education in Pakistan like period of undergraduate studies and amendments in curricula according to local needs. The workshop was organised by Dental
Published 19 Mar, 2005 12:00am
Goods transporters announce strike from March 25

Goods transporters announce strike from March 25

All Pakistan Goods Transport Association (APGTA) has announced to observe three days wheel jam strike from March 25 (Friday) in Punjab ,Sindh and Balochistan as a protest against an increase in prices of petroleum products, toll-tax and road-tax. "We have
Published 19 Mar, 2005 12:00am
THE RUPEE: mixed trend in currency market

THE RUPEE: mixed trend in currency market

Marginal adjustment was seen in the value of the rupee versus the dollar in the inter-bank market on Friday as dollars' demand persisted by the major banks to meet the imports payments, money experts said. High inflows of dollars as a result of significan
Published 19 Mar, 2005 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (March 18, 2005).

Published 19 Mar, 2005 12:00am
'National policy for poultry being formulated'

'National policy for poultry being formulated'

Federal Minister for Food and Agriculture Sikandar Hayat Khan Bosan has said the government wants to formulate a national policy for poultry's long-term development, says a press release here on Friday. Chairing the first meeting of Task Force on Poultry
Published 19 Mar, 2005 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (March 18, 2005).

Published 19 Mar, 2005 12:00am
Sarhadi assured of solution of dryport issue

Sarhadi assured of solution of dryport issue

Chairman Frontier Customs Agents Group NWFP and SCCI Standing Committee on Railway & Dryport, Zia-ul-Haq Sarhadi on Friday held a meeting with NWFP Minister for Industries and Mineral Development, Malik Zafar Azam and briefed him on problems relating to d
Published 19 Mar, 2005 12:00am
Apwa chairperson's role appreciated

Apwa chairperson's role appreciated

Farzana Rehman, chairperson of Ladies' Forum of the All Pakistan Women Association, was honoured at a simple but an impressive evening here on Thursday. The colourful function was organised by stage shows committee of the Arts Council and largely attended
Published 19 Mar, 2005 12:00am
Dawood Mutual Fund to start IPO from March 21

Dawood Mutual Fund to start IPO from March 21

First Dawood Mutual Fund plans to raise Rs 125 million through initial public offering starting from March 21 to March 22 through the Karachi Stock Exchange. According to the offering document of the First Dawood Mutual Fund, investment advisor has invest
Published 19 Mar, 2005 12:00am
Dawood Mutual Fund to start IPO from March 21

Dawood Mutual Fund to start IPO from March 21

First Dawood Mutual Fund plans to raise Rs 125 million through initial public offering starting from March 21 to March 22 through the Karachi Stock Exchange. According to the offering document of the First Dawood Mutual Fund, investment advisor has invest
Published 19 Mar, 2005 12:00am
Government grilled on PWP funds misuse

Government grilled on PWP funds misuse

The opposition and treasury members in the National Assembly grilled the government on Friday on the alleged misappropriation in the utilisation of Rs 2.58 billion budgetary allocation for Population Welfare Programme. Minister of Population Shehbaz Hussa
Published 19 Mar, 2005 12:00am
THE RUPEE: mixed trend in currency market

THE RUPEE: mixed trend in currency market

Marginal adjustment was seen in the value of the rupee versus the dollar in the inter-bank market on Friday as dollars' demand persisted by the major banks to meet the imports payments, money experts said. High inflows of dollars as a result of significan
Published 19 Mar, 2005 12:00am
CID in Northern Areas to be established

CID in Northern Areas to be established

The government has decided to establish criminal investigation department (CID) in Northern Areas besides empowering Northern Areas Legislative Council (NALC). The decision was taken here in a meeting with the Prime Minister Shaukat Aziz on chair. Federal
Published 19 Mar, 2005 12:00am
Senate body concerned over incomplete data of NGOs

Senate body concerned over incomplete data of NGOs

The Senate Standing Committee on Social Welfare and Special Education has expressed its concern over the non-availability of the complete data of registered non-governmental organisations (NGOs). The committee, which met here with Senator Roshan Khurshid
Published 19 Mar, 2005 12:00am
PML felicitates APNS office-bearers

PML felicitates APNS office-bearers

Pakistan Muslim League (PML) President Chaudhry Shujaat Hussain, Secretary General Senator Mushahid Hussain Sayed, Secretary Information Tariq Azeem Khan and Additional Secretary Information Syed Mehmood Hashmi have congratulated Mir Shakil-ur-Rehman and
Published 19 Mar, 2005 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Friday (March 18, 2005).

Published 19 Mar, 2005 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

As a matter of practice the National Assembly holds its Friday sittings in the forenoon so that the members can have a longer weekend, and reassemble next Monday evening. With almost three days furlough available the members would leave Islamabad and visi
Published 19 Mar, 2005 12:00am
Saif Textile on 'rating watch'

Saif Textile on 'rating watch'

JCR-VIS Credit Rating Company Ltd (JCR-VIS) has placed the medium to long term entity rating of A- (Single A Minus) and short-term rating of A-2 (A Two) of Saif Textile Mills Limited on 'Rating Watch'. This action has been taken in view of the potential m
Published 19 Mar, 2005 12:00am
Saif Textile on 'rating watch'

Saif Textile on 'rating watch'

JCR-VIS Credit Rating Company Ltd (JCR-VIS) has placed the medium to long term entity rating of A- (Single A Minus) and short-term rating of A-2 (A Two) of Saif Textile Mills Limited on 'Rating Watch'. This action has been taken in view of the potential m
Published 19 Mar, 2005 12:00am
Former bank manager involved in fraud case held

Former bank manager involved in fraud case held

An absconding banker allegedly involved in Rs 290.9 million fraud case has been arrested by the National Accountability Bureau (NAB), it was learnt on Friday. According to report the bank manager of the Bohri Bazar branch of Habib Bank, Muhammad Yousuf, w
Published 19 Mar, 2005 12:00am
Karachi 'Textile City' to be allotted 1250 acres land

Karachi 'Textile City' to be allotted 1250 acres land

The government of Pakistan has decided to allocate 1250 acres of land for 'Textile City', out of which 700 acres has been allotted, whereas the remaining 550 acres will be allotted by Port Qasim Authority. Director, Textile City Board, S.M.Munir, told new
Published 19 Mar, 2005 12:00am
Need to set up high-level marketing agencies abroad stressed

Need to set up high-level marketing agencies abroad stressed

Pakistani should set up high-level marketing agencies in foreign countries to educate the buyers about the quality of Pakistani products, mainly apparels, said Vice-President Global Sourcing-Steve and Barry's University Sportswear Avi Sonpal, who recently
Published 19 Mar, 2005 12:00am
Seminar on oil and soap industry held

Seminar on oil and soap industry held

A seminar on "Prospects of University Research for Development of Oil and Soap Industry" was organised by the National Center of Excellence in Analytical Chemistry (NCEAC) under "University-Industry Interaction programme at the Sindh University, Jamshoro
Published 19 Mar, 2005 12:00am
Lions leadership skill workshop from March 31

Lions leadership skill workshop from March 31

The Lions Clubs International MD 305 Pakistan is organising a residential Lions Leadership Institute at Karachi from March 31- April 3, 2005. This is the second regional institute, which is being organised in Pakistan in collaboration with International A
Published 19 Mar, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Friday (March 18, 2005).

Published 19 Mar, 2005 12:00am
Indonesia to launch linkage programmes with Pakistan University

Indonesia to launch linkage programmes with Pakistan University

Indonesian consul general Entjim Herrianto has said that strong brotherly relations between the two countries can be judged by the fact that no less than 15 memorandum of understandings have been signed by the Indonesia and Pakistan for mutual cooperation
Published 19 Mar, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Friday (March 18, 2005).

Published 19 Mar, 2005 12:00am
Retired Indian military and civil bureaucrats arrive

Retired Indian military and civil bureaucrats arrive

A delegation of old Ravians including retired military and civil bureaucrats from India have reached here through Wagah Border on Friday, to participate in celebrations of 140th anniversary of Government College University (GCU), Lahore, which will be hel
Published 19 Mar, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Friday (March 18, 2005).

Published 19 Mar, 2005 12:00am
Irsa lacks trained manpower to monitor telemetry system

Irsa lacks trained manpower to monitor telemetry system

Indus River System Authority (Irsa) has been suffering due to lack of skilled manpower to successfully regulate and monitor the state-of-the-art telemetry system installed at a cost of Rs 250 million to collect actual data regarding water releases from th
Published 19 Mar, 2005 12:00am
CBR satisfied with installation of scanner at Port Qasim

CBR satisfied with installation of scanner at Port Qasim

The Central Board of Revenue (CBR) has expressed satisfaction over the installation of scanner by National Logistic Cell (NLC) at the Port Qasim (PQ). Chairman CBR Abdullah Yusuf recently visited the newly installed scanner machine by NLC at Port Qasim, w
Published 19 Mar, 2005 12:00am
Tour de Pakistan: foreign cyclists react on road conditions

Tour de Pakistan: foreign cyclists react on road conditions

Foreign cyclists have strongly reacted on the unpaved and unserviceable roads in Pakistan and said "we have erred to join the Tour de Pakistan cycle race, however we would not repeat this mistake in future." Talking to newsmen here on Friday Jawad Mousvi
Published 19 Mar, 2005 12:00am
TTA with CARs being deliberated: minister

TTA with CARs being deliberated: minister

Ministry of Commerce is considering entering into Transit Trade Agreements with land locked Central Asian Republics (CARs). "Such arrangement with these countries would provide enhanced market access for Pakistani goods," Commerce Minister Humayun Akhtar
Published 19 Mar, 2005 12:00am
Sindh takes notice of MMA's use of government hoarding sites

Sindh takes notice of MMA's use of government hoarding sites

The Sindh government has taken a serious notice of use of hoarding, a government property, by Muttahida Majlis-i-Amal (MMA) for propagating their million march on March 20. "It is sheer violation of the Sindh Local Government Ordinance and city government
Published 19 Mar, 2005 12:00am
Stanley visiting

Stanley visiting

Professor Stanley Wolpert of department of History, Los Angeles, California, the author of "Jinnah of Pakistan" and other famous books on South Asia will visit Pakistan during April 6-10, 2005. Professor Wolpert is visiting Pakistan on the invitation of P
Published 19 Mar, 2005 12:00am
'Industrial parks being set up in provinces'

'Industrial parks being set up in provinces'

Advisor to Prime Minister on Finance and Revenue Dr Salman Shah has said that industrial parks equipped with all required infrastructure were being set-up in all provinces of the country to bolster industrial sector and facilitate foreign as well as local
Published 19 Mar, 2005 12:00am
Prisoner escapes from lockup

Prisoner escapes from lockup

A constable of Punjab Constabulary who was involved in motorcycle thefts ran away from the Police Station Lohari Gate. Authorities have suspended the services of a constable on duty. According to details two constables of Punjab Constabulary Iftikhar Ahme
Published 19 Mar, 2005 12:00am
Japanese Prime Minister due next month to discuss ODA

Japanese Prime Minister due next month to discuss ODA

Prime Minister of Japan, Junichiro Koizumi will visit Pakistan in April in connection with extension of economic co-operation and resumption of official development assistance (ODA), which was suspended in 1998. This was disclosed by Secretary Economic Af
Published 19 Mar, 2005 12:00am
Nouraiz condoles

Nouraiz condoles

Minister for Science and Technology Chaudhry Nouraiz Shakoor Khan expressed deep sense of grief over the sad demise of Allah Nawaz Khan Tareen, father of Minister for Industries and Production, Jehangir Khan Tareen. He prayed that may Allah Almighty give
Published 19 Mar, 2005 12:00am
NCR to develop ATM software Centre

NCR to develop ATM software Centre

Minister for Information Technology Awais Ahmad Khan Leghari on Friday said Pakistan's IT industry had matured considerably during last couple of years with major global IT giants already setting up their software development centres in the country. "Our
Published 19 Mar, 2005 12:00am
Sino-Pak economic partnership accord next month

Sino-Pak economic partnership accord next month

Pakistan and China are likely to make a major headway in promoting the economic ties during Premier Wen Jiabao's visit to Islamabad early April. The two sides will sign a formal agreement, giving boost to their bilateral co-operation in the economic secto
Published 19 Mar, 2005 12:00am
Doctor brothers challenge conviction

Doctor brothers challenge conviction

Dr Akmal Waheed and Dr Arshad Waheed on Friday filed appeal in Sindh High Court against their conviction by trial court on charges of harbouring, and providing medical treatment to Jundullah activists. Challenging the conviction by ATC, appellants' counse
Published 19 Mar, 2005 12:00am
DHA gifts coaster to IBP for special kids

DHA gifts coaster to IBP for special kids

A 30-seat new coaster gifted by the Defence Housing Authority (DHA) for special children was handed over to the management of the Institute of Behavioural Psychology (IBP) by Begum Asmia Athar Ali, wife of Karachi Corps Commander Lieutenant General Athar
Published 19 Mar, 2005 12:00am
German rapeseed trading active as prices rise

German rapeseed trading active as prices rise

German rapeseed trading was brisk this week as prices increased following the strong rise in the Chicago soybean market, traders said on Thursday. "There was much better business this week with good volumes of old and new crop traded," one dealer said. "T
Published 19 Mar, 2005 12:00am
Vietnam eases trade curbs for WTO entry

Vietnam eases trade curbs for WTO entry

Communist Vietnam, pushing hard to become a member of the World Trade Organisation, announced the first opening of its commercial sector on Friday. From April 1, import quotas would be lifted on cotton, corn and milk, the state-run Voice of Vietnam radio
Published 19 Mar, 2005 12:00am
Prime Minister wants monetary expansion within 14.5 percent target

Prime Minister wants monetary expansion within 14.5 percent target

The Monetary and Fiscal Policies Co-ordination Board in its meeting here on Friday with Prime Minister Shaukat Aziz in the chair discussed in detail the monetary development, inflation, money supply, credit to private sector and exports and imports positi
Published 19 Mar, 2005 12:00am
Yukos to lose Lithuanian, river export routes

Yukos to lose Lithuanian, river export routes

Russian oil firm Yukos is likely to lose two key export routes this year - by pipeline to its Lithuanian plant and by river - putting more pressure on its strained finances. Vedomosti business daily reported on Friday that Russia's pipeline monopoly had n
Published 19 Mar, 2005 12:00am
Prime Minister wants monetary expansion within 14.5 percent target

Prime Minister wants monetary expansion within 14.5 percent target

The Monetary and Fiscal Policies Co-ordination Board in its meeting here on Friday with Prime Minister Shaukat Aziz in the chair discussed in detail the monetary development, inflation, money supply, credit to private sector and exports and imports positi
Published 19 Mar, 2005 12:00am
Tokyo equities close one percent higher

Tokyo equities close one percent higher

Tokyo stocks rose nearly 1 percent on Friday to their highest close since last April, as broadcasters like TV Asahi Corp soared on speculation that take-over activity in the industry will benefit shareholders. Mitsui Fudosan Co, Japan's biggest real estat
Published 19 Mar, 2005 12:00am
Prime Minister wants monetary expansion within 14.5 percent target

Prime Minister wants monetary expansion within 14.5 percent target

The Monetary and Fiscal Policies Co-ordination Board in its meeting here on Friday with Prime Minister Shaukat Aziz in the chair discussed in detail the monetary development, inflation, money supply, credit to private sector and exports and imports positi
Published 19 Mar, 2005 12:00am
Seoul equities close flat

Seoul equities close flat

Seoul shares closed flat on Friday, as surging crude oil prices weighed on sentiment for exporters such as Hyundai Motor, while foreign investors extended their selling streak for a 12th consecutive session. Investors were also cautious ahead of local une
Published 19 Mar, 2005 12:00am
Balochistan situation reviewed

Balochistan situation reviewed

The government and its coalition partners met at the PM House here on Friday and reviewed the situation in Dera Bugti following yesterday's incident in which 8 personnel of the Frontier Constabulary lost their lives and several were injured. Presided over
Published 19 Mar, 2005 12:00am
Malaysian stock exchange posts strong gains on listing

Malaysian stock exchange posts strong gains on listing

Shares in Malaysia's stock exchange rose sharply on debut Friday as institutional funds snapped up the stock, generating interest in an otherwise weaker broader market, analysts said. Bursa Malaysia, which groups the country's financial, commodity and der
Published 19 Mar, 2005 12:00am
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