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Print - 2005-05-04
Chinese armed forces team visits historical sites

Chinese armed forces team visits historical sites

A 35-member delegation of Chinese armed forces headed by Colonel Chen Dongdeng, Vice Provost of the National University of Defence Technology arrived here on Tuesday on the second leg of his official visit to Pakistan. The day long itinerary at provincial
Published 04 May, 2005 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Tuesday (May 03, 2005).

Published 04 May, 2005 12:00am
LHC disposes of PPPP petition

LHC disposes of PPPP petition

The Lahore High Court (LHC) disposed of a petition filed by 13 PPPP activists praying their bail, as the respondent government has withdrawn their detention orders. The petitioners had approached the court against their detention orders. He prayed to the
Published 04 May, 2005 12:00am
Piaf urges Nadra director general to increase counters

Piaf urges Nadra director general to increase counters

Pakistan Industrial and Traders Associations Front (Piaf) has urged Director General Nadra to increase counters and staff in passport office Lahore to save precious time of applicants who at present are wasting almost whole day standing in long queues. Pi
Published 04 May, 2005 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 04 May, 2005 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 04 May, 2005 12:00am
EPB Restructuring on cards

EPB Restructuring on cards

Restructuring of Export Promotion Bureau (EPB) is on cards with an aim to covert it into a facilitator and a complaint-free institution. EPB Vice-chairman Zafar Mahmood expressed those views while speaking at the Lahore Chamber of Commerce and Industry (L
Published 04 May, 2005 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 04 May, 2005 12:00am
LHC sends petition to Zarai Bank general manager

LHC sends petition to Zarai Bank general manager

The Lahore High Court (LHC) has sent a petition to General Manager Zarai Tarqiati Bank Limited (ZTBL) and directed him to decide the matter of the petitioner within a fortnight. The court passed these orders in a petition filed by one Muhammad Anwar of Si
Published 04 May, 2005 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Tuesday (May 03, 2005).

Published 04 May, 2005 12:00am
Sugar cartels slammed for exploiting growers

Sugar cartels slammed for exploiting growers

The farmer community has slammed the alleged 'cartelisation' by sugar mills which has since long hurt the interests of growers and the national economy. Farmers Associates Pakistan (FAP) sources here claimed on Tuesday that sugar mills' cartels for years
Published 04 May, 2005 12:00am
LHCBA demands removal of federal law secretary

LHCBA demands removal of federal law secretary

The Lahore High Court Bar Association (LHCBA) has demanded removal of federal law secretary former Justice Mansoor Ahmed Khan. The bar in its meeting here on Tuesday also requested Chief Justice of Pakistan to initiate contempt of court proceedings agains
Published 04 May, 2005 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 04 May, 2005 12:00am
Bosan for rationalising farm input prices

Bosan for rationalising farm input prices

Federal Food, Agriculture and Livestock Minister Sikandar Hayat Khan Bosan has advised manufacturers and retailers of agriculture inputs to rationalise their prices and ensure quality of products. He was speaking as chief guest at the inaugural session of
Published 04 May, 2005 12:00am
Steps under way to make rail journey safe: minister

Steps under way to make rail journey safe: minister

Minister for State for Railways Ishaq Khan Khakwani has said that steps are underway to make rail journey safe, comfortable and swift, apart from improving track, coaches and signal system. He stated this while addressing a 50-member delegation of under t
Published 04 May, 2005 12:00am
'Wheat flour price to be reduced in next two weeks'

'Wheat flour price to be reduced in next two weeks'

Federal Minister for Food, Agriculture and Livestock, Sikandar Hayat Bosan on Tuesday said that per acre yield of wheat has increased in the country from 5-7 maund per acre. He was talking to newsmen after the inaugural session of 'Food & Agro-Asia 2005'
Published 04 May, 2005 12:00am
Rs 6.2 billion disbursed among cooperative scams' victims

Rs 6.2 billion disbursed among cooperative scams' victims

The Punjab Cooperative Board for Liquidation (PCBL) has so far disbursed an amount of Rs 6.233 billion among the affected persons of as many as 102 defunct societies. Out of Rs 2 billion of banks' consortium loan, the Board has also disbursed Rs 1.75 bill
Published 04 May, 2005 12:00am
Raffles sign memorandum of understanding with BoP

Raffles sign memorandum of understanding with BoP

Raffles Branded Systems has signed a memorandum of understanding (MoU) with the Bank of Punjab (BoP) here on Tuesday to launch its 'Hours PC Deal on Easy Instalments' to further strengthen its commitment to provide latest IT technology in the country. BoP
Published 04 May, 2005 12:00am
'World Asthma Day' observed: call for promoting healthy environment

'World Asthma Day' observed: call for promoting healthy environment

Speakers at various functions held in connection with 'World Asthma Day' have stressed the need for making the environment neat and clean so as to check the spread of asthma, which is increasing at an alarming rate mainly due to pollution, smoking and unh
Published 04 May, 2005 12:00am
'NFC Award to be finalised before budget'

'NFC Award to be finalised before budget'

Punjab Finance Minister, Sardar Hasnain Bahadur Dareshak has said that representatives of all the four provinces would meet in a week's time to deliberate upon 6th National Finance Commission (NFC) Award, and hopefully budget for the next fiscal would be
Published 04 May, 2005 12:00am
General Mike calls on CJCSC and ANF director general

General Mike calls on CJCSC and ANF director general

General Sir Mike Jackson, British Chief of General Staff who is currently on a week long official visit to Pakistan, on Monday visited the Joint Staff Headquarters and called on General Ehsan ul Haq, Chairman Joint Chiefs of Staff Committee (CJCSC). Profe
Published 04 May, 2005 12:00am
PPAF launches Rs 3.394 million projects in two villages

PPAF launches Rs 3.394 million projects in two villages

The Pakistan Poverty Alleviation Fund (PPAF) has launched two Integrated Area Upgrading Projects (IAUP) worth Rs 3.394 million in villages Sereh and Seri about 40 km away from here in Union Council Chirah. The World Bank is the major donor agency to the P
Published 04 May, 2005 12:00am
Traders warn of severe meat crisis

Traders warn of severe meat crisis

All Pakistan Jamiat-ul-Quresh Meat Welfare Association has warned of countrywide severe crisis of meat in the near future if positive steps were not taken by the federal government to stop illegal export and smuggling of livestock to Afghanistan. The Asso
Published 04 May, 2005 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on Tuesday (May 03, 2005).

Published 04 May, 2005 12:00am
Two killed in truck-car collision

Two killed in truck-car collision

Two persons were killed and two others were critically injured in a head-on collision between a car and a truck on Peshawar Road near G-11 here on Tuesday, police said. A car having number plate HW-920 carrying four passengers smashed into a dumper HR-468
Published 04 May, 2005 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on Tuesday (May 03, 2005).

Published 04 May, 2005 12:00am
Government committed to enforcing NFEP: Tareen

Government committed to enforcing NFEP: Tareen

Federal Industries, Production and Special Initiatives Minister Jehangir Khan Tareen has revised the government pledge to devise and implement 'National Fuel Ethanol Program' (NFEP) to increase energy capacity and reduce pollution. He stated this while ch
Published 04 May, 2005 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on Tuesday (May 03, 2005).

Published 04 May, 2005 12:00am
Humayun to attend WTO moot in Paris today

Humayun to attend WTO moot in Paris today

Federal Commerce Minister, Humayun Akhtar Khan would attend an informal ministerial meeting of WTO on Wednesday in Paris. Earlier a G-20 WTO moot focussed on agriculture, non-agriculture market access (NAMA), services, rules including trade facilitation,
Published 04 May, 2005 12:00am
Musharraf may be briefed on local government amendments

Musharraf may be briefed on local government amendments

National Reconstruction Bureau (NRB) chairman Daniyal Aziz is likely to brief President Pervez Musharraf on Thursday regarding proposed amendments in the Local Government (LG) Ordinance 2000 to empower District Co-ordination Officers (DCOs) to conduct LG
Published 04 May, 2005 12:00am
Advice to families of Pakistanis in Indian jails

Advice to families of Pakistanis in Indian jails

The Ministry of Interior has asked the families of five handicapped Pakistanis in Indian jails to contact the government. The Pakistan High Commission in India has provided the details of these five prisoners and issued their photographs. According to sou
Published 04 May, 2005 12:00am
Sindh asked to supply clean water

Sindh asked to supply clean water

Chairman Senate Mohammedmian Soomro has expressed grave concern over the reports that hundreds of people in Sindh, particularly those of Jacobabad and its surrounding areas were suffering from gastro-enteritis. The diseases are spreading due to non-availa
Published 04 May, 2005 12:00am
Karamat calls on Shaukat

Karamat calls on Shaukat

Pakistan's ambassador to United States General Jehangir Karamat (Retd) called on Prime Minister Shaukat Aziz at the Prime Minister's House on Tuesday and discussed various aspects of the Pakistan-US bilateral relations including trade, commerce, investmen
Published 04 May, 2005 12:00am
Supreme Court takes up private power companies cases

Supreme Court takes up private power companies cases

The Supreme Court opened here on Tuesday the hearings into two appeals to resolve the conflict in judgements of the Sindh and Lahore high courts about the encashment of the power companies' bank guarantees amounting to millions of rupees. Attorney General
Published 04 May, 2005 12:00am
Pakistan supports sovereignty of Nepal

Pakistan supports sovereignty of Nepal

Prime Minister Shaukat Aziz on Tuesday said Pakistan fully supports sovereignty and territorial integrity of Nepal and was opposed to interference in internal affairs of any other country. Talking to a delegation of civil servants from Nepal, he said Paki
Published 04 May, 2005 12:00am
No compromise on press freedom: Rashid

No compromise on press freedom: Rashid

Information Minister Sheikh Rashid has said more than fifty-thousand jobs would be created in electronic media after launching of new television channels in the country. He was speaking at a panel discussion here on Tuesday on "Media and Good Governance".
Published 04 May, 2005 12:00am
'Indian newspapers circulation not to be allowed in Pakistan'

'Indian newspapers circulation not to be allowed in Pakistan'

Minister for Information and Broadcasting has said the government will not allow Indian newspapers to be circulated in Pakistan. Briefly talking to newsmen after attending a panel discussion on the occasion of World Media Freedom Day here. Sheikh Rashid A
Published 04 May, 2005 12:00am
Body formed to look into fake degrees issue

Body formed to look into fake degrees issue

The government on Tuesday formed another committee to look into the issue of fake degrees, posing great threat to future of students, who would form nation building policies in future. Federal Minister and Chairman of Higher Education Commission (HEC), Pr
Published 04 May, 2005 12:00am
Government lauded for action against sugar mill-owners cartel

Government lauded for action against sugar mill-owners cartel

The Farmers Association of Pakistan (FAP) has lauded the government for taking action against the cartel of sugar mill-owners and hoped that it would go a long way to discourage negative tactics to grab undue profit. FAP chairperson Rabia Sultan said on T
Published 04 May, 2005 12:00am
'Administrators to be appointed in June'

'Administrators to be appointed in June'

The countrywide district governments will be dissolved and replaced by Administrators next month to hold fresh elections in July, sources of National Reconstruction Bureau (NRB) told Business Recorder here on Tuesday, The sources said the decision
Published 04 May, 2005 12:00am
FOREIGN TRADE INQUIRIES

FOREIGN TRADE INQUIRIES

Export Promotion Bureau has received the following Trade Enquiries from abroad. Interested Pakistani parties dealing in the under mentioned items can obtain further details from the addresses given or from EPB Head Quarters and its Regional/Sub-Regional O
Published 04 May, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Tuesday (May 03, 2005).

Published 04 May, 2005 12:00am
Overseas Kashmiris asked to invest in AJK

Overseas Kashmiris asked to invest in AJK

The Prime Minister of Azad Jammu and Kashmir, Sardar Sikandar Hayyat Khan has called upon the overseas Kashmiris to make investments in AJK and assured that AJK government would render all co-operation and facilities. Talking to a delegation of overseas K
Published 04 May, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Tuesday (May 03, 2005).

Published 04 May, 2005 12:00am
Lightning kills six

Lightning kills six

At least six persons, including a girl, were killed by lightning in different areas of province on Monday evening. "We have received information from Pakpattan, Sahiwal and Vehari that six persons including a girl have died when lightning fell on them dur
Published 04 May, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Tuesday (May 03, 2005).

Published 04 May, 2005 12:00am
Pakistani cardiologists accomplish feat

Pakistani cardiologists accomplish feat

Seventeen-year-old Farheen with uncontrolled hypertension underwent stenting of coarctation of aorta at Hussaini Hospital and Cardiac Care Centre, Bahadurabad by Dr M Faisal Memon, interventional cardiologist and his team. Dr Asad Hussaini provided surgic
Published 04 May, 2005 12:00am
Pakistani team to take part in Canadian fair

Pakistani team to take part in Canadian fair

A 100-member businessmen and government officials delegation will participate in joint venture conference and exhibition "Global Reach" scheduled to be held from May 26 to 28 in Canada. Sindh investment board has made arrangements to take the delegation t
Published 04 May, 2005 12:00am
First consumer goods and services exhibition begins

First consumer goods and services exhibition begins

First consumer goods and services exhibition "World of Brands" commenced on Tuesday, aiming to create and build awareness of branded products among the consumers. The organiser and director of international conference, Ather Jawaid Saifi stated this in a
Published 04 May, 2005 12:00am
Nine held for copyright violations in Karachi

Nine held for copyright violations in Karachi

Federal Investigation Agency (FIA) on Tuesday arrested nine suspects for copyright violations and seized over 100,000 pirated CDs, video and audio cassettes, FIA Director Babar Khattak told journalists in Karachi. Khattak said six factories had been shut
Published 04 May, 2005 12:00am
Corporate philanthropy to promote education

Corporate philanthropy to promote education

Former federal education minister and Executive Director Pakistan Center for Philanthropy (PCP), Shahnaz Wazir Ali, has said that the PCP was working for promotion of quality education, especially in rural areas of the country. Speaking at a meeting of Ro
Published 04 May, 2005 12:00am
BMA-PGBI Closing Bell

BMA-PGBI Closing Bell

BMA Pakistan Government Bond Index (BMA-PGBI) yield was up by about 12 bps, moving the BMA-PGBI down by 0.83 percent to 93.9028. The 10-year bond closed at 10.38 bps, however, the bond activity remained dormant.

Published 04 May, 2005 12:00am
PSMA justifies high sugar price

PSMA justifies high sugar price

The tight supply situation of sugar in the world market and Pakistan's assertion for unlimited imports pushed the prices of the commodity up further. Its impact was bound to reflect in the domestic market, more so because the landed cost of imported sugar
Published 04 May, 2005 12:00am
BMA-PGBI Closing Bell

BMA-PGBI Closing Bell

BMA Pakistan Government Bond Index (BMA-PGBI) yield was up by about 12 bps, moving the BMA-PGBI down by 0.83 percent to 93.9028. The 10-year bond closed at 10.38 bps, however, the bond activity remained dormant.

Published 04 May, 2005 12:00am
SSGC's LNG project draws good response for bidding

SSGC's LNG project draws good response for bidding

Various leading companies have shown interest to participate in the bidding for appointment of external consultants of the Sui Southern Gas Company's (SSGC) integrated LNG terminal project. According to a company's release issued here on Tuesday, this was
Published 04 May, 2005 12:00am
BMA-PGBI Closing Bell

BMA-PGBI Closing Bell

BMA Pakistan Government Bond Index (BMA-PGBI) yield was up by about 12 bps, moving the BMA-PGBI down by 0.83 percent to 93.9028. The 10-year bond closed at 10.38 bps, however, the bond activity remained dormant.

Published 04 May, 2005 12:00am
Obituary

Obituary

Former Paknet managing director Moeen Sadiq Malik died on Tuesday in a road accident. His Namaz-e-Janaza will be held on Wednesday at 2:00 pm in front of his house No 447, Street 2, Sector G-9/3, Islamabad. Later, he will be buried at the Islamabad gravey
Published 04 May, 2005 12:00am
Shalimar Television Network sells rights to private Company

Shalimar Television Network sells rights to private Company

The Shalimar Recording and Broadcasting Company Limited (SRBC) have allocated its airtime to a private company to start a purely private and independent news, and current affairs - terrestrial television channel. Shalimar Television Network (STN) Managing
Published 04 May, 2005 12:00am
Safma condemns baton-charge and arrests of journalists

Safma condemns baton-charge and arrests of journalists

Speakers at a meeting arranged by the South Asian Free Media Association (Safma) here on Tuesday condemned the government for baton-charging peaceful rallies of journalists in Lahore and Islamabad on the World Press Freedom Day and arresting more than 50
Published 04 May, 2005 12:00am
CNICs and CDC account must for participation in UBL IPO

CNICs and CDC account must for participation in UBL IPO

Federal Minister for Privatisation & Investment Dr Abdul Hafeez Shaikh has urged the general public to prepare their Computerised National Identity Cards (CNICs) and to open their CDC accounts for participating in the upcoming Initial Public Offering (IPO
Published 04 May, 2005 12:00am
London oil moot termed a success

London oil moot termed a success

The international oil and gas conference organised by the ministry of petroleum and natural resources in London has been termed a great success. Petroleum Exploration (Pvt) Limited, (PEL) chief executive Zaheeruddin, who participated in the conference, wa
Published 04 May, 2005 12:00am
Zardari condemns attack on journalists

Zardari condemns attack on journalists

Pakistan Peoples' Party (PPP) leader Asif Ali Zardari has condemned baton charge and arrests of journalists in Islamabad and Lahore and termed these incidents as last nail in the coffin of press freedom in Pakistan by the undemocratic regime. He said the
Published 04 May, 2005 12:00am
Shaukat urges efforts for women empowerment

Shaukat urges efforts for women empowerment

Prime Minister Shaukat Aziz on Tuesday urged the South Asian countries to promote pubic-private partnership by devising mechanism for achievements of Beijing Goals on gender equality and women empowerment. The Prime Minister, inaugurating the three-day 5t
Published 04 May, 2005 12:00am
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