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Print - 2005-05-28
'Poverty reduction strategy to improve lot of masses'

'Poverty reduction strategy to improve lot of masses'

The government has evolved a strategy for reduction of poverty to bring about qualitative change in the life of country's poor masses. For implementation of the 'Perspective Plan' many steps are being taken to reduce poverty and improve social indicators,
Published 28 May, 2005 12:00am
Industrial unit in DHA irks residents

Industrial unit in DHA irks residents

Residents of 6th Zam Zama Commercial Lane, Defence Housing Authority have drawn the attention of concerned administration towards unlawful functioning of an industrial unit causing immense inconvenience to the residents in context of environmental degrada
Published 28 May, 2005 12:00am
Soomro lauds Pakistan Navy's role

Soomro lauds Pakistan Navy's role

Sea is the common heritage of mankind and is inextricably linked to economic prosperity of nations, said Chairman Senate Mohammadmian Soomro, while addressing the convocation ceremony of 34th staff course at Pakistan Navy War College here on Friday. Laudi
Published 28 May, 2005 12:00am
Japan presents proposals to develop Karachi

Japan presents proposals to develop Karachi

A delegation of Japanese government and financial institutions met City Nazim Naimatullah Khan here on Friday and presented a written report to the Nazim about the Karachi's revitalisation scenario, which contained proposals to make Karachi a modern city
Published 28 May, 2005 12:00am
Pakistan to participate in Jeddah health exhibition

Pakistan to participate in Jeddah health exhibition

More than 150 companies from over 15 countries will participate in the four-day expo on healthcare and hospital at Jeddah International Exhibition and Convention Centre, starting from May 29. Companies from Pakistan, Brazil, China, Slovenia, Malaysia, Aus
Published 28 May, 2005 12:00am
59 percent wheat procurement achieved in Multan region

59 percent wheat procurement achieved in Multan region

Food Department Multan has procured 565,415 tons of wheat, achieving 59 percent of its target so far at 75 centres set up in six districts of the former Multan division. Department sources told APP on Friday that procurement was slow because rates in the
Published 28 May, 2005 12:00am
Seven members of Rehman Dakait gang indicted

Seven members of Rehman Dakait gang indicted

An Anti-Terrorism Court in Karachi indicted seven persons in the explosive substance and police encounter case. Nazeer alias Balla, Iftekhar, Khalilur Rehman, Sajjad Ahmed, Fareed, Mohammad Ali and Babar, said to be members of Rehman Dakait gang, pleaded
Published 28 May, 2005 12:00am
IT centre set up at CDGK

IT centre set up at CDGK

The City District Government Karachi (CDGK) has developed a Central Information Technology Centre here at Civic Centre equipped with modern machinery and appliances. A meeting regarding the pace of IT development projects was held on Friday, chaired by Ci
Published 28 May, 2005 12:00am
New building for model customs collectorate

New building for model customs collectorate

The reforms programme in Customs represents a major step forward in the way cargo would be handled in Pakistan. This was stated by the Collector Appraisement and Project Director Customs Administrative Reforms (CARE), Azhar Majeed Khalid at a handing over
Published 28 May, 2005 12:00am
SSGC calls for precautions during diggings in Karachi

SSGC calls for precautions during diggings in Karachi

Sui Southern Gas Company has taken strong notice of the fact, that digging of trenches and roads during the development work undertaken by certain civic agencies and organisations, in different parts of the Karachi, is causing damage to gas pipelines. Acc
Published 28 May, 2005 12:00am
Self-power generation decision hailed

Self-power generation decision hailed

The decision of the government, allowing private sector industries generate own electricity, has been welcomed by the private sector industries in Sindh, especially Karachi. Several private sector industries had been urging the government since long to al
Published 28 May, 2005 12:00am
Satisfaction expressed over NEC decision

Satisfaction expressed over NEC decision

The leaders of all the provinces and AJK Prime Minister on Friday showed satisfaction over the National Economic Council (NEC) programme 2005-06. Sindh Chief Minister, Dr Arbab Ghulam Rahim while talking to PTV said, Prime Minister Shaukat Aziz has approv
Published 28 May, 2005 12:00am
Train derails

Train derails

A Lahore bound goods train carrying oil from Karachi when arrived at Azeem Khan, 16 km from Rahimyar Khan on Friday, its 15 bogies derailed as a result railway service of both sides suspended.
Published 28 May, 2005 12:00am
Railways freight earnings up 23 percent

Railways freight earnings up 23 percent

Pakistan Railways policy of paying due attention to freight services and diversification of this sector, has started yielding results with freight earnings showing remarkable increase as compared to last year. Additional General Manager (Freight) Khawaja
Published 28 May, 2005 12:00am
FAO's help sought for livestock and fisheries uplift

FAO's help sought for livestock and fisheries uplift

Government of Pakistan (GoP) has sought assistance from Food and Agricultural Organisation (FAO) of the United Nations to develop the livestock, horticulture and fisheries sectors. A three-member delegation of FAO led by Dr Christopher Oates, Managing Dir
Published 28 May, 2005 12:00am
Pakistan not exploiting SMEs potential: report

Pakistan not exploiting SMEs potential: report

In Pakistan the small and medium enterprises (SME) sector has acted neither as a significant engine of growth, nor as an important conduit for structural change due to number of constraints that prevents the country from exploiting the potential of SMEs.
Published 28 May, 2005 12:00am
Multan to have mango export processing zone

Multan to have mango export processing zone

Mango Export Processing Zone will be formally established at Multan soon after documentation, said Shamoon Sadiq, chief executive officer Pakistan Horticulture Development & Export Board (PHDEB). Addressing a meeting of the Mango Growers Association (MGA)
Published 28 May, 2005 12:00am
'Pakistan Navy fleet being strengthened'

'Pakistan Navy fleet being strengthened'

The acquisition of F-22 frigates will equip the fleet with moderation surface platforms with state-of-the-art sensors and weaponry and will provide much needed flexibility including joint operations with allied navies. The ongoing purchase of 08 P3Cs, Pha
Published 28 May, 2005 12:00am
Sales tax issue: RCCI team calls on CBR official

Sales tax issue: RCCI team calls on CBR official

A delegation of the Rawalpindi Chamber of Commerce and Industry (RCCI) called on Central Board of Revenue (CBR) Member Sales Tax and discussed with him in detail the issues pertaining to the sales tax. CBR Member Sales Tax Shahid Ahmed assured the visitin
Published 28 May, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Friday (May 27, 2005).

Published 28 May, 2005 12:00am
Prime Minister assures help to Postal Service

Prime Minister assures help to Postal Service

Prime Minister Shaukat Aziz on Friday said the government will provide all support and resources to Pakistan Postal Service enabling it to provide better and more efficient service to the people. He made these observations while reviewing the performance
Published 28 May, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Friday (May 27, 2005).

Published 28 May, 2005 12:00am
More incentives announced: PTCL sell-off best bargain, workers told

More incentives announced: PTCL sell-off best bargain, workers told

Announcing more incentives for employees, Pakistan Telecommunication Company Limited has assured the workers that privatisation of the company is in best interest of country, company, employees and customers. Sources from the PTCL told this scribe that th
Published 28 May, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Friday (May 27, 2005).

Published 28 May, 2005 12:00am
Promotions to BPS-18, 19 demanded

Promotions to BPS-18, 19 demanded

The Information Officers (IOs) of the NWFP have unanimously demanded of the government to take notice of the worst working condition and without going into minute details, immediately allow grade 18 to those who are working in BPS-17 for the last over 12
Published 28 May, 2005 12:00am
Punjab chief minister calls on Prime Minister

Punjab chief minister calls on Prime Minister

Chief Minister Punjab, Chaudhry Pervaiz Elahi called on Prime Minister Shaukat Aziz on Friday and discussed with him the ongoing development projects and law and order situation in Punjab province. The chief minister lauded the efforts of the Prime Minist
Published 28 May, 2005 12:00am
NHA and FHA asked to improve roads in two weeks

NHA and FHA asked to improve roads in two weeks

NWFP Senior Minister Siraj-ul-Haq on Friday given a two weeks deadline to National Highway Authority (NHA) and Frontier Highways Authority (FHA) for bringing improvement in its working on highways right from Peshawar to Swat and Chitral especially in Mala
Published 28 May, 2005 12:00am
Call to set up economic zone in South Asia

Call to set up economic zone in South Asia

Punjab Governor, Lieutenant General Khalid Maqbool (Retd) has said that in order to rid 1.5 billion people of South Asia from poverty, there is a need to develop the whole region as a big economic zone. He observed this during a meeting with a delegation
Published 28 May, 2005 12:00am
Edwards puts West Indies in driver's seat

Edwards puts West Indies in driver's seat

West Indies reached 33 for one in their second innings at tea, after Fidel Edwards helped them bowl Pakistan out cheaply on the second day of the first Test on Friday. At the break, Chris Gayle was not out on 27 and Devon Smith was not out on six, after P
Published 28 May, 2005 12:00am
IPCCI forms study group to enhance bilateral trade

IPCCI forms study group to enhance bilateral trade

India-Pakistan Chamber of Commerce & Industry (IPCCI), formed by the two apex bodies ie Federation of Indian Chambers of Commerce & Industry (FICCI) and Federation of Pakistan Chambers of Commerce & Industry (FPCCI), has formed a business to business (B2B
Published 28 May, 2005 12:00am
12 killed in fresh Indian occupied Kashmir violence

12 killed in fresh Indian occupied Kashmir violence

Nine Mujahideen, including a wanted commander, two civilians and an Indian soldier were killed in the latest clashes in occupied Kashmir, police said on Friday. (Occupation) troops shot dead Mohamed Yusuf, a district commander of the Hizbul Mujahideen gro
Published 28 May, 2005 12:00am
BMA-PGBI Closing Bell

BMA-PGBI Closing Bell

Four consecutive days of yield decline have resulted in an increase of 0.67% in the BMA-PGBI. Today the BMA-PGBI yield was down by approximately one bps translating to an insignificant increase of 0.06% in the BMA-PGBI to close at 94.4218. No major activi
Published 28 May, 2005 12:00am
12 killed in fresh Indian occupied Kashmir violence

12 killed in fresh Indian occupied Kashmir violence

Nine Mujahideen, including a wanted commander, two civilians and an Indian soldier were killed in the latest clashes in occupied Kashmir, police said on Friday. (Occupation) troops shot dead Mohamed Yusuf, a district commander of the Hizbul Mujahideen gro
Published 28 May, 2005 12:00am
BMA-PGBI Closing Bell

BMA-PGBI Closing Bell

Four consecutive days of yield decline have resulted in an increase of 0.67% in the BMA-PGBI. Today the BMA-PGBI yield was down by approximately one bps translating to an insignificant increase of 0.06% in the BMA-PGBI to close at 94.4218. No major activi
Published 28 May, 2005 12:00am
UBL road-show in Karachi today

UBL road-show in Karachi today

Dr Abdul Hafeez Shaikh, Federal Minister for Privatisation & Investment, will inaugurate the first road show for the Initial Public Offering (IPO) of United Bank Limited (UBL) shares at Pearl Continental Hotel, Karachi, on Saturday, May 28, 2005, at 7 pm
Published 28 May, 2005 12:00am
BMA-PGBI Closing Bell

BMA-PGBI Closing Bell

Four consecutive days of yield decline have resulted in an increase of 0.67% in the BMA-PGBI. Today the BMA-PGBI yield was down by approximately one bps translating to an insignificant increase of 0.06% in the BMA-PGBI to close at 94.4218. No major activi
Published 28 May, 2005 12:00am
UBL road-show in Karachi today

UBL road-show in Karachi today

Dr Abdul Hafeez Shaikh, Federal Minister for Privatisation & Investment, will inaugurate the first road show for the Initial Public Offering (IPO) of United Bank Limited (UBL) shares at Pearl Continental Hotel, Karachi, on Saturday, May 28, 2005, at 7 pm
Published 28 May, 2005 12:00am
UBL road-show in Karachi today

UBL road-show in Karachi today

Dr Abdul Hafeez Shaikh, Federal Minister for Privatisation & Investment, will inaugurate the first road show for the Initial Public Offering (IPO) of United Bank Limited (UBL) shares at Pearl Continental Hotel, Karachi, on Saturday, May 28, 2005, at 7 pm
Published 28 May, 2005 12:00am
UBL road-show in Karachi today

UBL road-show in Karachi today

Dr Abdul Hafeez Shaikh, Federal Minister for Privatisation & Investment, will inaugurate the first road show for the Initial Public Offering (IPO) of United Bank Limited (UBL) shares at Pearl Continental Hotel, Karachi, on Saturday, May 28, 2005, at 7 pm
Published 28 May, 2005 12:00am
Guantanamo probe finds five cases of Quran mishandling

Guantanamo probe finds five cases of Quran mishandling

The US military has identified five incidents of "mishandling of Quran" by US personnel at the Guantanamo Bay, but found no credible evidence that the holy book had been flushed down a toilet, the commander of the prison said on Thursday. Brigadier Genera
Published 28 May, 2005 12:00am
Guantanamo probe finds five cases of Quran mishandling

Guantanamo probe finds five cases of Quran mishandling

The US military has identified five incidents of "mishandling of Quran" by US personnel at the Guantanamo Bay, but found no credible evidence that the holy book had been flushed down a toilet, the commander of the prison said on Thursday. Brigadier Genera
Published 28 May, 2005 12:00am
First-ever German boss looms for Airbus

First-ever German boss looms for Airbus

Toulouse-based jetmaker Airbus is poised to get its first German boss under a deal taking shape on Friday, but parent group EADS says no decision has been made. Barring last-minute upsets, Gustav Humbert, 55, the Airbus number two who heads its operations
Published 28 May, 2005 12:00am
US consumer spending, incomes rise in April

US consumer spending, incomes rise in April

US consumer spending and personal income both rose in April, while underlying inflation remained muted in another sign the economy is growing at a firm pace, a government report showed on Friday. While the April figures indicated the economy was chugging
Published 28 May, 2005 12:00am
South African businessmen keen to initiate joint ventures

South African businessmen keen to initiate joint ventures

The Acting High Commissioner of South Africa, Magen Govender has said that South African businessmen are keen to initiate joint ventures with their Pakistani counterparts in various areas of common interest, as Pakistan has become an emerging regional mar
Published 28 May, 2005 12:00am
South African businessmen keen to initiate joint ventures

South African businessmen keen to initiate joint ventures

The Acting High Commissioner of South Africa, Magen Govender has said that South African businessmen are keen to initiate joint ventures with their Pakistani counterparts in various areas of common interest, as Pakistan has become an emerging regional mar
Published 28 May, 2005 12:00am
South African businessmen keen to initiate joint ventures

South African businessmen keen to initiate joint ventures

The Acting High Commissioner of South Africa, Magen Govender has said that South African businessmen are keen to initiate joint ventures with their Pakistani counterparts in various areas of common interest, as Pakistan has become an emerging regional mar
Published 28 May, 2005 12:00am
''Missing Traders Fraud'' concept introduction likely

''Missing Traders Fraud'' concept introduction likely

The Central Board of Revenue (CBR) is likely to introduce an international concept of "Missing Traders Fraud" in budget (2005-06) to search and hunt persons involved in fake buying and selling of goods to claim huge amount of sales tax refunds.
Published 28 May, 2005 12:00am
'Missing Traders Fraud' concept introduction likely

'Missing Traders Fraud' concept introduction likely

The Central Board of Revenue (CBR) is likely to introduce an international concept of "Missing Traders Fraud" in budget (2005-06) to search and hunt persons involved in fake buying and selling of goods to claim huge amount of sales tax refunds.
Published 28 May, 2005 12:00am
'Missing Traders Fraud' concept introduction likely

'Missing Traders Fraud' concept introduction likely

The Central Board of Revenue (CBR) is likely to introduce an international concept of "Missing Traders Fraud" in budget (2005-06) to search and hunt persons involved in fake buying and selling of goods to claim huge amount of sales tax refunds.
Published 28 May, 2005 12:00am
UK and New Zealand agree to ease air travel restrictions

UK and New Zealand agree to ease air travel restrictions

Britain and New Zealand agreed to ease restrictions on the number of direct flights allowed between the two countries on Friday, potentially opening up new routes for airlines. The current rules, which only allow 7 direct flights a week from airlines on b
Published 28 May, 2005 12:00am
Supreme Court dismisses petition against Nazims and Naib Nazims

Supreme Court dismisses petition against Nazims and Naib Nazims

A three-member bench of the Supreme Court on Friday dismissed Sindh Government's petition challenging a SHC decision for reinstatement of four district Nazims and two Naib Nazims of various districts of the province. The bench of the apex court, comprisin
Published 28 May, 2005 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (May 27, 2005).

Published 28 May, 2005 12:00am
Supreme Court dismisses petition against Nazims and Naib Nazims

Supreme Court dismisses petition against Nazims and Naib Nazims

A three-member bench of the Supreme Court on Friday dismissed Sindh Government's petition challenging a SHC decision for reinstatement of four district Nazims and two Naib Nazims of various districts of the province. The bench of the apex court, comprisin
Published 28 May, 2005 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (May 27, 2005).
Published 28 May, 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 Friday (May 27, 2005).

Published 28 May, 2005 12:00am
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