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Print - 2005-04-25
Shine like the stars only with Lux

Shine like the stars only with Lux

Lux a brand that defines the essence of beauty, a brand which has been the heritage of Stars through time, in this time of constant innovation and evolution keeps on satisfying women across the globe in their quest for true beauty. Lux as a brand knows th
Published 25 Apr, 2005 12:00am
Maaza Pakistan (Pvt) Limited

Maaza Pakistan (Pvt) Limited

Maaza Pakistan is a Franchise of Maaza International LLC Dubai. This is a registered trade mark in over 19 counties the world, including South Asia, America, Europe, Meddle east and the Gulf regions.
Published 25 Apr, 2005 12:00am
Zakpak (Pvt) Limited: Profile

Zakpak (Pvt) Limited: Profile

Zakpak (Pvt) Limited is an importer and distributor of the cosmetics & Toiletries in Pakistan. In 2001, keeping in view of the consumers demand, Zakpak formally launched Silk Soap 150 gram in 4 new delicated fragrances.
Published 25 Apr, 2005 12:00am
Message from Marketing Manager Maaza Pakistan (Pvt) Limited

Message from Marketing Manager Maaza Pakistan (Pvt) Limited

It is very heartening to learn that AD CLUB BOMBAY has nominated our TVC of Maaza Mango for 38th ABBY Awards, India. Declared as one of the 6 best TVC send from Pakistan. Although it did not win the award, but offcorse it has won millions heart as "Maaza
Published 25 Apr, 2005 12:00am
Message from Managing Director Synergy Group

Message from Managing Director Synergy Group

It is always a great feeling to come out on top, to be a winner and to have been acknowledged for hard work. I and my team thank the Almighty, our families, clients, friends and well wishers without whom we would have been able to come this far. It is a o
Published 25 Apr, 2005 12:00am
PRL - Proud to be a refiner of first choice

PRL - Proud to be a refiner of first choice

Pakistan Refinery Limited (PRL) was built and commissioned in October 1962 at Karachi in alliance with major foreign oil companies like Burmah Oil California, Texas Oil Corporation, Shell Petroleum Corporation and Esso Standard Eastern Inc. PRL is a hydro
Published 25 Apr, 2005 12:00am
Non Financial Reporting in South East Asia

Non Financial Reporting in South East Asia

Reports started emerging from this region in the early 1990s but growth was limited until the late 1990s, when it suddenly became exponential. Three countries were almost entirely responsible for this increase: Australia, Japan and New Zealand. Growth dou
Published 25 Apr, 2005 12:00am
Judges' remarks

Judges' remarks

The members of the jury met on 19 March 2005 in Lahore to evaluate the reports submitted by the entrants and concluded as follows: At the international level, ACCA gives only one Environmental Reporting Award. However, in Pakistan, with the aim of allowin
Published 25 Apr, 2005 12:00am
Global Compact Foundation

Global Compact Foundation

The Global Compact Foundation is pleased to be associated with ACCA-WWF initiative on Pakistan Environmental Reporting Awards (PERA). The corporate community has recognised the need to focus on environmental issues and in doing so, play its role as a soci
Published 25 Apr, 2005 12:00am
Message from Chairman Unilever Pakistan

Message from Chairman Unilever Pakistan

Unilever's mission is to add Vitality for sustainable growth. We do this by engaging in the society we live. Through delighting our consumers with a vast array of premium quality brands, sharing our experiences with our business partners and encouraging e
Published 25 Apr, 2005 12:00am
Message from GM & CEO Pakistan Refinery Limited

Message from GM & CEO Pakistan Refinery Limited

It is a matter of great achievement that Pakistan Refinery Limited has emerged as a leading organisation in the field of Environmental Management System by establishing, implementing and improving its strategies. We at PRL are always committed to a busine
Published 25 Apr, 2005 12:00am
Message from Head of ACCA Pakistan

Message from Head of ACCA Pakistan

ACCA has been actively involved with the unfolding debate on corporate social and environmental responsibility since 1990. We promote transparency and best practice. We aim to help businesses and organisations realise the growing importance of sustainabil
Published 25 Apr, 2005 12:00am
Message from Director General WWF-Pakistan

Message from Director General WWF-Pakistan

Over the years PERA has helped corporate sector in becoming environmentally responsible by reporting environmental management strategies & policies. Also, continual improvement in environmental reporting will help in meeting regulations and other internat
Published 25 Apr, 2005 12:00am
Message from Minister of State for Environment Government of Pakistan

Message from Minister of State for Environment Government of Pakistan

In its pursuit of economic development, Pakistan has not neglected the need to protect the environment and to provide all Pakistan's with a quality living environment. Up until recently, the regulatory approach has been used to implement the various envir
Published 25 Apr, 2005 12:00am
Whither land for landless: Diamal Doulat Ram prevails over Quaid-e-Azam

Whither land for landless: Diamal Doulat Ram prevails over Quaid-e-Azam

The Social Development of Pakistan 2004 has taken exception to the neglect of land reforms which is regarded a critical factor in removing rural poverty and ensuring social justice. The annual review prepared by the Social Policy and Development Centre, K
Published 25 Apr, 2005 12:00am
Some proposals for sales tax-I

Some proposals for sales tax-I

TAX FRAUDThe Finance Act 2004 introduced an amendment in clause 37 of section 2 of the Sales Tax Act 1990 (the Act) whereby the supply of taxable goods without registration with the department was treated as 'tax fraud' on
Published 25 Apr, 2005 12:00am
China's price control stirs reverse oil smuggling

China's price control stirs reverse oil smuggling

Truck and mini-van drivers shuttling between Hong Kong and the Chinese border city of Shenzhen are earning extra income from selling a tankful of petrol, or more, bought cheaply on the mainland. They find eager buyers such as lorry driver Ah Man, a mover
Published 25 Apr, 2005 12:00am
My dream

My dream

I must have slept recounting the CBMs being undertaken by the Musharraf-Manmohan collaboration in bringing the two perennial adversaries to a crescendo of friendship never seen before, for, I dreamt the sweetest of a dream which I would like to share with
Published 25 Apr, 2005 12:00am
SECP's clarification

SECP's clarification

This is with reference to the Press report published by the Securities and Exchange Commission of Pakistan (SECP) in your esteemed newspaper on Saturday l6 April 2005 regarding the imposition of penalty due to the non-submission/late submission of quarter
Published 25 Apr, 2005 12:00am
Seoul blood bank freezes assets for breakthrough cell therapy

Seoul blood bank freezes assets for breakthrough cell therapy

Han Hoon, a stem cell therapy pioneer, sweeps back his arm to show off rows of storage tanks that fill the basement of his office building in South Korea's capital. "Awesome, isn't it," says Han of the 42 gleaming cylinders each measuring 1.5 meters high
Published 25 Apr, 2005 12:00am
Professional competence missing in the exchanges

Professional competence missing in the exchanges

A very significant announcement regarding our Capital Markets that was published by this paper last week may have escaped notice of many market watchers. After a lapse of 33 years, apparently, the Government has decided to allow "Hedge Trading" in cotton
Published 25 Apr, 2005 12:00am
Mob killing in Nowshera

Mob killing in Nowshera

In a chilling incident in a village near Nowshera on Wednesday, a frenzied mob killed a man whom his wife had had accused of desecrating the Holy Quran. According to details, the man and his wife had a quarrel, and, according to her account, she had broug
Published 25 Apr, 2005 12:00am
It takes two to tango

It takes two to tango

It is indeed sad that we have made a habit of knee jerk reaction and action is only taken when things start colliding head on in any sphere. The capital market had already lost 40 percent as a result of over-leveraging in March Futures Contracts. It was s
Published 25 Apr, 2005 12:00am
22,800 cotton bales reduced to ashes

22,800 cotton bales reduced to ashes

About 22,800 bales of cotton worth million of rupees burnt to ashes when fire erupted in the store of Trading Corporation of Pakistan (TCP) at Jamal Din Wali road about 15 kilometers away from R Y Khan on Saturday night. The cause of the fire could not be
Published 25 Apr, 2005 12:00am
Cleanliness drive in Lahore from today

Cleanliness drive in Lahore from today

Solid Waste Management Department of the City district government of Lahore is launching a grand cleanliness operation in the provincial metropolis from Monday An extra effort would be made to clear the solid waste during the operation, which would contin
Published 25 Apr, 2005 12:00am
Small power stations Punjab to conduct feasibility study

Small power stations Punjab to conduct feasibility study

The Punjab government in collaboration with Asian Development Bank will conduct a feasibility study for setting up small power generating stations to meet the electricity requirement. Chairman Punjab Assembly Standing Committee for Power and Irrigation, S
Published 25 Apr, 2005 12:00am
International Islamic economic, cultural moot begins today

International Islamic economic, cultural moot begins today

A two-day International Islamic Economic and Cultural conference will commence here from April 25, in which renowned economists from Muslim countries will participate. The conference being organised under the auspices of Islamic Chamber of Commerce and In
Published 25 Apr, 2005 12:00am
Powerloom owners threaten protest

Powerloom owners threaten protest

Powerloom owners have threatened that if the gradually increasing prices of yarn especially in polyester counts were not controlled effectively, and speculations over the yarn were not stopped immediately, they would be constrained to launch protest after
Published 25 Apr, 2005 12:00am
Wheat harvesting begins in Sialkot district

Wheat harvesting begins in Sialkot district

Wheat harvesting has been started in middle of the current month in Sialkot district. The wheat was sown over 0.4.7 million acres in Daska, Sialkot and Pasrur tehsils of Sialkot district. Official sources told Business Recorder here on Sunday that
Published 25 Apr, 2005 12:00am
Over Rs 60 billion to be spent on Mangla Dam raising: Wapda chief

Over Rs 60 billion to be spent on Mangla Dam raising: Wapda chief

Chairman Water and Power Development Authority (Wapda) Tariq Hameed has said that more than Rs 60 billion to be spent on raising of Mangla Dam and this programme would be accomplished within three and half year. Talking to Business Recorder during
Published 25 Apr, 2005 12:00am
Cytogenetic laboratory being set up at NICH

Cytogenetic laboratory being set up at NICH

"The National Institute of Child Health (NICH) is further improving its services for childhood cancer treatment in the coming years and, for this purpose, last year NICH added the Flowcytometry facility to its oncology laboratory for accurate diagnosis of
Published 25 Apr, 2005 12:00am
Marriage party faints after taking poisonous food

Marriage party faints after taking poisonous food

At least 50 persons of a marriage party, including the groom, became unconscious after taking meal, seven of them are stated to be in critical condition. A marriage party arrived at Kehror-Pucca (Lodhran), some 50 miles south-east of Multan, on Saturday f
Published 25 Apr, 2005 12:00am
MONEY WEEK: private sector crosses year-end credit target by wide margin

MONEY WEEK: private sector crosses year-end credit target by wide margin

Private sector credit surged by Rs 14.5 billion during the week ended on April 2, 2005, to Rs 362.5 billion, crossing the year-end target of Rs 350 billion by a margin of Rs 12.5 billion. It appears that the private sector was busy cashing in the last opp
Published 25 Apr, 2005 12:00am
Call for addressing traffic problems in Islamabad

Call for addressing traffic problems in Islamabad

Long-term strategy should be put in place for streamlining massive traffic problems of the federal capital and the CDA Traffic Engineering Department should be improved to meet future challenges. Islamabad Chamber of Commerce and Industry (ICCI) vice-pres
Published 25 Apr, 2005 12:00am
Commanders meeting at GHQ opens today

Commanders meeting at GHQ opens today

A four-day meeting of the corps commanders, formation commanders, and principal staff officers is beginning at GHQ Rawalpindi on April 25 (Monday) to review geo-political, strategic, internal and external security environment, and professional matters of
Published 25 Apr, 2005 12:00am
3000 women to get technical training in NWFP

3000 women to get technical training in NWFP

As many as three thousands female would be provided training in sewing, embroidery, cutting, knitting, fabrics, painting, designing and candle making in four district of the province that include Malakand, Swat, Buner and Shangla. The training programme i
Published 25 Apr, 2005 12:00am
Durrani seeks Rs 36.87 billion development fund

Durrani seeks Rs 36.87 billion development fund

A high-level meeting here on Saturday approved projects in irrigation, drinking water, hydropower, minerals, emergency flood protection, education, health, communication, tourism, industries, livestock, sports, museums, computerisation of various departme
Published 25 Apr, 2005 12:00am
Wage Board judgement review fixed for April 28

Wage Board judgement review fixed for April 28

A full bench of the Supreme Court will pay a review visit to its earlier judgement on the Pakistan Newspaper Employees (Conditions of Service) Act of 1973 and hence the 7th Journalists Wage Board here on Thursday.(April 28). The hearing is listed as the s
Published 25 Apr, 2005 12:00am
Pakistan to build arts faculty at Kabul University

Pakistan to build arts faculty at Kabul University

The government has approved Rs 491.54 million for the establishment of Allama Iqbal Faculty of Arts at the Kabul University, Afghanistan. According to the Planning Commission sources, the project would be completed in 24 months and would facilitate 1,000
Published 25 Apr, 2005 12:00am
'Anti-polio drive in Fata from April 26

'Anti-polio drive in Fata from April 26

UN Resident Co-ordinator Onder Yucer accompanied by WHO Representative Dr Khalif Bile called on NWFP governor Khalil-ur-Rehman at Governor's House here on Saturday, and discussed various measures to make the polio eradication campaign, being launched in F
Published 25 Apr, 2005 12:00am
Plea for steps to curb organic pollutants' spread

Plea for steps to curb organic pollutants' spread

Environmental experts at a workshop here have urged elected local government representatives to raise awareness regarding Persistent Organic Pollutants (POPs) to curb their spread. The workshop was organised by Sustainable Development Policy Institute (SD
Published 25 Apr, 2005 12:00am
First bench of Supreme Court to sit in Karachi from today

First bench of Supreme Court to sit in Karachi from today

The First Bench of the Supreme Court headed by Chief Justice Nazim Hussain Siddiqui will sit in Karachi during the next judicial week commencing from Monday. Other five benches that had been sent out to the provincial registries during the outgoing week w
Published 25 Apr, 2005 12:00am
CBR invites proposals from RCITs on NTN

CBR invites proposals from RCITs on NTN

The Central Board of Revenue (CBR) authorities have invited suggestions from all regional commissioners of income tax (RCITs) regarding issuance of national tax numbers (NTNs) to those taxpayers, who have not obtained their computerised national identity
Published 25 Apr, 2005 12:00am
Epson Singapore managing director coming soon

Epson Singapore managing director coming soon

Epson Singapore (Pvt) Limited Managing Director Hiromi Taba is visiting Pakistan to interact with the channel, corporate partner, and the ABM Data Systems (Pvt) Limited, which is the authorised Epson distributor in Pakistan. Hiromi Taba, who is now the ma
Published 25 Apr, 2005 12:00am
Response to TCP cotton tenders not encouraging

Response to TCP cotton tenders not encouraging

Final cotton production figures of this season have been placed at 14.37 million running bales. New crop planting is progressing well in Lower Sindh under conducive weather conditions, supply of adequate irrigation water, availability of inputs such as se
Published 25 Apr, 2005 12:00am
Response to TCP cotton tenders not encouraging

Response to TCP cotton tenders not encouraging

Final cotton production figures of this season have been placed at 14.37 million running bales. New crop planting is progressing well in Lower Sindh under conducive weather conditions, supply of adequate irrigation water, availability of inputs such as se
Published 25 Apr, 2005 12:00am
PC-I prepared to construct road to Indian border

PC-I prepared to construct road to Indian border

The Sindh government has prepared PC-I for construction of road from Jhallo Jo Chaunro to Khokhrapar (up to the border with India) at a cost of Rs 344.841 million. The PC-I is in pursuance of meetings held last year regarding opening of Khokhrapar-Munabao
Published 25 Apr, 2005 12:00am
More Madadgar centres being planned: Sindh IGP

More Madadgar centres being planned: Sindh IGP

Inspector General Police Sindh, Asad Jehangir informed business community that police department is planning to open more Madadgar Centres in the city. Speaking at a meeting of Site Association of Industry (SAI), he advised business community to come forw
Published 25 Apr, 2005 12:00am
Just a few changes noted in grain, seeds prices

Just a few changes noted in grain, seeds prices

Slight variations were marked in certain commodities while most others showed no change during the week ended on April 23, 2005 traders said. The commodities underwent variations were gur, Irri, Bajra and barley, raw rubber, Kirana items and plastic mould
Published 25 Apr, 2005 12:00am
PPP delegations meet Zardari

PPP delegations meet Zardari

Pakistan Peoples Party delegations from Multan and Faisalabad divisions, led by its presidents, Malik Ahmed Hasan (Multan) and Raja Riaz (Faisalabad) met PPP leader Asif Ali Zardari at Bilawal House -2, on Sunday. The PPP delegations discussed administrat
Published 25 Apr, 2005 12:00am
Dull and drab trading on cotton market

Dull and drab trading on cotton market

Long wait for the PCGA nearly last arrival statement and the TCP tender float result kept trading dull and drab. The spot rate which is exposure expenses, during the week ended on April 22, 2005, relevant sources said.
Published 25 Apr, 2005 12:00am
Rape victim's father raps government

Rape victim's father raps government

Father of Sialkot rape-victim Nazish has deplored failure of the government to provide justice to his daughter, and demanded justice at the earliest. Asghar Bhatti expressed these feelings while addressing a press conference here on Saturday. His ill-fate
Published 25 Apr, 2005 12:00am
Heroin seized

Heroin seized

Anti Narcotics Force (ANF) in a successful raid seized a large quantity of narcotics, arms, mobile phones, scanners etc near Turbat on Sunday. According to details, on an information the ANF raided house of a notorious gangster Abdul Rasool in Rod Bun are
Published 25 Apr, 2005 12:00am
'Chinese firms to be provided facilities to run CNG buses'

'Chinese firms to be provided facilities to run CNG buses'

The Chinese companies would be provided many facilities along with exemption of import duty to run CNG buses in Karachi on BOT basis. This was stated by the Karachi City Nazim Naimatullah Khan while speaking at an inaugural ceremony of the Euro II and Eur
Published 25 Apr, 2005 12:00am
Activities of 'Education for All Week' commences

Activities of 'Education for All Week' commences

The activities of 'Education for All Week' commenced on Sunday throughout the country. The weeklong activities aimed at creating awareness among the target groups in the rural areas and urban slums so that all segments of society could be involved in this
Published 25 Apr, 2005 12:00am
Musharraf terms Jakarta visit very productive

Musharraf terms Jakarta visit very productive

Terming his visit as very successful and productive, President Pervez Musharraf said on Sunday that his discussions with the Asian-African leaders focussed on finding ways and means to enhance economic relations. In his departure statement, he said that P
Published 25 Apr, 2005 12:00am
Labour Party includes Kashmir in election manifesto

Labour Party includes Kashmir in election manifesto

Professor Nazir Ahmad Shawl, Executive Director Kashmir Centre London visited Luton North parliamentary constituency. He was accompanied by the community leaders Mohammad Ghalib, President Tehreek-i- Kashmir UK, Mohammad Sharief, Vice President Tehreek-i-
Published 25 Apr, 2005 12:00am
Qazi rejects Musharraf's Kashmir formula

Qazi rejects Musharraf's Kashmir formula

Muttaheda Majlis-i-Amal (MMA) President and Jamaat-i-Islami (JI) Ameer Qazi Hussain Ahmed has termed General Pervez Musharraf's division of Kashmir formula a U-turn from the Islamabad's principled stance on Kashmir issue and a conspiracy to weaken the fre
Published 25 Apr, 2005 12:00am
Fountain House Club formed

Fountain House Club formed

With a view to raising funds for the rehabilitation of mentally ill people, Fountain House Club has been established. Addressing the inaugural ceremony of the Club here on Saturday, the advisor to Chief Minister, Dr Faiza Asghar said that mentally ill peo
Published 25 Apr, 2005 12:00am
Early hearing of plea sought

Early hearing of plea sought

A member of the Lahore High Court Bar Association (LHCBA) has approached the Lahore High Court (LHC) with prayer to direct the office to fix his petition against the jail authorities. He had prayed the court to direct jail authorities to arrange meeting o
Published 25 Apr, 2005 12:00am
APHC for tripartite talks on Kashmir

APHC for tripartite talks on Kashmir

In occupied Kashmir, the All Parties Hurriyat Conference (APHC) has emphasised the need for holding tripartite talks to resolve Kashmir issue on durable basis. According to Kashmir Media Service, APHC leaders Maulvi Bashir Ahmad, Mehrajuddin Wani and Faro
Published 25 Apr, 2005 12:00am
Soft Drink Industry roundtable discusses taxation

Soft Drink Industry roundtable discusses taxation

Under the aegis of the SouthAsia Forum a roundtable discussion titled "The Soft Drink Industry - An Overview" was held to take up the taxation issue applied on the Carbonated Soft Drink Industry (CSD) in the Country. The panel conducting the roundtable we
Published 25 Apr, 2005 12:00am
Pakistani products fair proposed in Brazil

Pakistani products fair proposed in Brazil

The Brazilian Supermarkets Association (BSA) has proposed a mini-exhibition of Pakistani products in Brazil for the awareness of Brazilian super markets owners and offered the premises of BSA for holding of this event. The President BSA Omar Ausaf conveye
Published 25 Apr, 2005 12:00am
Seven outlaws nabbed

Seven outlaws nabbed

Pakistan Rangers in its raids conducted on Saturday in Raees Goth and Yousuf Goth recovered 46,400 liters diesel and 2,000 liters engine oil and arrested seven outlaws involved in the illegal business. The arrested people were identified as Baboo, Ashraf,
Published 25 Apr, 2005 12:00am
PPL and OGDC may announce results today

PPL and OGDC may announce results today

The profit of the Pakistan Petroleum Limited (PPL) may show an increase of as much as Rs 6.4 billion, while the profit of the Oil and Gas Development Company (OGDCL) likely to witness a jump of nearly 58 percent. Both companies are expected to announce th
Published 25 Apr, 2005 12:00am
PPL and OGDC may announce results today

PPL and OGDC may announce results today

The profit of the Pakistan Petroleum Limited (PPL) may show an increase of as much as Rs 6.4 billion, while the profit of the Oil and Gas Development Company (OGDCL) likely to witness a jump of nearly 58 percent. Both companies are expected to announce th
Published 25 Apr, 2005 12:00am
Gunny bags shortage: wheat prices down on slow procurement

Gunny bags shortage: wheat prices down on slow procurement

Following the slow procurement due to malpractice in distribution of empty gunny bags by procurement officials, wheat prices recorded a decline of Rs 30 per 40 kg, quoted at open market at Rs 370 per 40 kg against the state fixed support price of Rs 400 p
Published 25 Apr, 2005 12:00am
'Massive greenery may bring rains twice a month'

'Massive greenery may bring rains twice a month'

"Large-scale tree-plantation in Karachi would not only reduce temperature and environmental pollution but the chances also exist of the city having rains twice a month". District Officer (DO) Horticulture and Training Department (CDGK), Misbahuddin Jamile
Published 25 Apr, 2005 12:00am
Dewan Spinning to raise Rs150 million from IPO

Dewan Spinning to raise Rs150 million from IPO

Dewan Mushtaq Group, one of the largest and most diversified industrial and trading groups of Pakistan, is going to launch another project in the spinning sector - Dewan Farooq Spinning Mills Ltd, (DFSML) and is planning to sell 150 million rupees of shar
Published 25 Apr, 2005 12:00am
Dewan Spinning to raise Rs150 million from IPO

Dewan Spinning to raise Rs150 million from IPO

Dewan Mushtaq Group, one of the largest and most diversified industrial and trading groups of Pakistan, is going to launch another project in the spinning sector - Dewan Farooq Spinning Mills Ltd, (DFSML) and is planning to sell 150 million rupees of shar
Published 25 Apr, 2005 12:00am
Software launched for withholding tax collection

Software launched for withholding tax collection

To modernise tax collection system and facilitate taxpayers the Income Tax Department has launched software for withholding tax collection. The software has been prepared under the Tax Management System and the department held a workshop at Income Tax Hou
Published 25 Apr, 2005 12:00am
Din Textiles third spinning unit becomes operational

Din Textiles third spinning unit becomes operational

The third spinning unit of Din Textile Mills located at Bypass Raiwind Road some 3.5 kilometers off here became operational. A press release issued here on Sunday said S. M. Naseer, senior director, Din Textile Mills, directors S.M. Tanveer, S.M. Naveed a
Published 25 Apr, 2005 12:00am
Call for making mother tongue a medium of instruction

Call for making mother tongue a medium of instruction

The educational experts at a seminar have urged the government to formulate a legislation for making mother tongue a medium of instruction at the primary level, as it would ensure proper mental and intellectual growth of children. The seminar "Child Right
Published 25 Apr, 2005 12:00am
Shaukat reviews economic situation

Shaukat reviews economic situation

Prime Minister Shaukat Aziz reviewed the economic situation and meeting of the Pakistan Development Forum. The meeting was held under the chairmanship of Prime Minister Shaukat Aziz. Adviser to the Prime Minister on Finance Dr Salman Shah, Minister of Sta
Published 25 Apr, 2005 12:00am
Senate session begins today

Senate session begins today

The fresh session of Senate set to start from Monday will be a 'litmus test' for ARD's in-house unity in the wake of PML (N) last week announcement of disassociation from the Alliance activities against Pakistan Peoples Party reported inclination towards
Published 25 Apr, 2005 12:00am
Wapda and Hyundai conflict resolved amicably

Wapda and Hyundai conflict resolved amicably

Hyundai Engineering and Construction Company Ltd (HECCL), one of the contractors of joint venture for construction of Chashma Power Complex entailing civil works, has suffered a loss of millions of rupees on account of out of court settlement between Wapd
Published 25 Apr, 2005 12:00am
Saudi Pak posts 132 percent profit in first quarter

Saudi Pak posts 132 percent profit in first quarter

Saudi Pak Industrial and Agricultural Investment Company (Pvt) Limited, a joint venture of Saudi Arabia and Pakistan, maintained steady growth in its operations during first quarter of 2005. The company earned Rs 453.6 million in profit during January-Mar
Published 25 Apr, 2005 12:00am
Saudi Pak posts 132 percent profit in first quarter

Saudi Pak posts 132 percent profit in first quarter

Saudi Pak Industrial and Agricultural Investment Company (Pvt) Limited, a joint venture of Saudi Arabia and Pakistan, maintained steady growth in its operations during first quarter of 2005. The company earned Rs 453.6 million in profit during January-Mar
Published 25 Apr, 2005 12:00am
Musharraf terms foreign visit successful

Musharraf terms foreign visit successful

Describing his visit to India, the Philippines and Indonesia as successful, President Musharraf on Sunday said his talks in New Delhi yielded positive results as both sides have a clear resolve to move towards a final settlement of the decades-old Jammu a
Published 25 Apr, 2005 12:00am
Tax analysis moot opens today

Tax analysis moot opens today

A 12-day international conference on "Tax analysis and revenue forecasting" will be held under the auspices of Directorate General of Income Tax (Training and Research) from April 25 to May 06, 2005. As many as 31 tax officials including 17 from different
Published 25 Apr, 2005 12:00am
Weak monitoring mechanism causes NGOs rapid growth

Weak monitoring mechanism causes NGOs rapid growth

The government has failed to control the mushroom growth of Non-Governmental Organisations (NGOs), as Ministry of Social Welfare has shelved the draft bill aimed at streamlining their funding from foreign donors and its proper utilisation. According to an
Published 25 Apr, 2005 12:00am
DHA and ISDI ink MoU for Entertainment Park

DHA and ISDI ink MoU for Entertainment Park

International Spectrum Development Inc (ISDI), US based multinational company, would build an international standard entertainment park with 10 million dollars in Defence Housing Society Phase-I. A memorandum of understanding (MoU) was signed between the
Published 25 Apr, 2005 12:00am
IMF director calls on Prime Minister

IMF director calls on Prime Minister

Pakistan has achieved encouraging results in the macro-economic field and now endeavouring to transfer the benefits of the economic gains to the common man. This was stated by Prime Minister Shaukat Aziz while talking to Mohsin Khan, Director Internationa
Published 25 Apr, 2005 12:00am
IMF director calls on Prime Minister

IMF director calls on Prime Minister

Pakistan has achieved encouraging results in the macro-economic field and now endeavouring to transfer the benefits of the economic gains to the common man. This was stated by Prime Minister Shaukat Aziz while talking to Mohsin Khan, Director Internationa
Published 25 Apr, 2005 12:00am
Greek delegation arriving today

Greek delegation arriving today

A five-member Greek delegation is arriving here on Monday for a three-day visit aimed at promoting cultural co-operation with Pakistan.
Published 25 Apr, 2005 12:00am
India willing to attend Saarc summit

India willing to attend Saarc summit

India said it was ready to accept any suitable date for the twice postponed 13th Saarc summit in Dhaka if it is acceptable to other members of the grouping. These views were expressed by External Affairs Minister K. Natwar Singh during a meeting with his
Published 25 Apr, 2005 12:00am
India willing to attend Saarc summit

India willing to attend Saarc summit

India said it was ready to accept any suitable date for the twice postponed 13th Saarc summit in Dhaka if it is acceptable to other members of the grouping. These views were expressed by External Affairs Minister K. Natwar Singh during a meeting with his
Published 25 Apr, 2005 12:00am
PTCL may post 9 percent after-tax profit growth

PTCL may post 9 percent after-tax profit growth

Pakistan Telecom is expected to post 9 percent growth in profit after-tax for the nine-month period ended March 31 because of higher volumes after making reductions in tariff. The profit of largest telephone service provider would settle around Rs 21.4 bi
Published 25 Apr, 2005 12:00am
PTCL may post 9 percent after-tax profit growth

PTCL may post 9 percent after-tax profit growth

Pakistan Telecom is expected to post 9 percent growth in profit after-tax for the nine-month period ended March 31 because of higher volumes after making reductions in tariff. The profit of largest telephone service provider would settle around Rs 21.4 bi
Published 25 Apr, 2005 12:00am
PTCL may post 9 percent after-tax profit growth

PTCL may post 9 percent after-tax profit growth

Pakistan Telecom is expected to post 9 percent growth in profit after-tax for the nine-month period ended March 31 because of higher volumes after making reductions in tariff. The profit of largest telephone service provider would settle around Rs 21.4 bi
Published 25 Apr, 2005 12:00am
PTCL may post 9 percent after-tax profit growth

PTCL may post 9 percent after-tax profit growth

Pakistan Telecom is expected to post 9 percent growth in profit after-tax for the nine-month period ended March 31 because of higher volumes after making reductions in tariff. The profit of largest telephone service provider would settle around Rs 21.4 bi
Published 25 Apr, 2005 12:00am
Bears strengthen positions on ISE

Bears strengthen positions on ISE

Bears strengthened their positions on the Islamabad Stock Exchange (ISE) where investors of Islamabad and Rawalpindi adopted cautious approach and offloaded their positions, as small traders and short-term margin hunters were confused over the issue perta
Published 25 Apr, 2005 12:00am
Bears strengthen positions on ISE

Bears strengthen positions on ISE

Bears strengthened their positions on the Islamabad Stock Exchange (ISE) where investors of Islamabad and Rawalpindi adopted cautious approach and offloaded their positions, as small traders and short-term margin hunters were confused over the issue perta
Published 25 Apr, 2005 12:00am
COT issue hits LSE trading

COT issue hits LSE trading

The row between the Securities and Exchange Commission of Pakistan (SECP) and the brokers over COT trade kept the share market hostage, while the LSE index ended the last week with a net loss of 231.79 points or 6 percent. During the week under review, th
Published 25 Apr, 2005 12:00am
COT issue hits LSE trading

COT issue hits LSE trading

The row between the Securities and Exchange Commission of Pakistan (SECP) and the brokers over COT trade kept the share market hostage, while the LSE index ended the last week with a net loss of 231.79 points or 6 percent. During the week under review, th
Published 25 Apr, 2005 12:00am
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