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Print - 2005-07-14
KESC warns public against electrocution during rains

KESC warns public against electrocution during rains

Karachi Electric Supply Corporation has advised its customers and general public to protect themselves and family members from electrical accidents and electrocution resulting in deaths, especially during rainy season.
Published 14 Jul, 2005 12:00am
Programme on English language opens

Programme on English language opens

The importance of the English language in Pakistan cannot be denied and its teaching is essential for the development of the country. This was the message conveyed by the speakers in the opening session of Hornby Summer School Pakistan - 2005 on Tuesday a
Published 14 Jul, 2005 12:00am
Arbab takes aerial view of flood situation

Arbab takes aerial view of flood situation

Sindh Chief Minister Dr Arbab Ghulam Rahim on Wednesday had an aerial view of flood situation in River Indus and safety arrangements made for protection of embankments on both sides of the river. He had the aerial view while flying over Thatta, Tando Moha
Published 14 Jul, 2005 12:00am
GOC visits river Indus embankments

GOC visits river Indus embankments

Sindh irrigation authorities, it seems, disciplined the angry Indus river as the peak flood is passing through Sukkur Barrage with a flow of 0.525 million ceusecs smoothly. However, all hands at Sukkur Barrage are under high alert and strict vigilance is
Published 14 Jul, 2005 12:00am
Sindh seeks Rs 500 million to develop Karachi industrial areas

Sindh seeks Rs 500 million to develop Karachi industrial areas

The Sindh government has sought Rs 500 million from the federal government for carrying out infrastructure improvement work in industrial areas of Karachi. "The total estimated cost of infrastructure development work stands at Rs 1 billion for which the f
Published 14 Jul, 2005 12:00am
BoK to facilitate jobless doctors in setting up clinics: accord signed

BoK to facilitate jobless doctors in setting up clinics: accord signed

The NWFP Health Foundation and the Bank of Khyber (BoK) on Wednesday signed an agreement to assist in the development of medical and health care facilities. Under the agreement, the bank would facilitate the unemployed doctors in establishing maternity ho
Published 14 Jul, 2005 12:00am
Leaders grieved over loss of lives in train mishap

Leaders grieved over loss of lives in train mishap

Senate Chairman Mohammedmian Soomro, National Assembly Speaker Chaudhry Amir Hussain and Deputy Speaker Sardar Muhammad Yaqoob have expressed profound shock and grief over the loss of precious human lives in the tragic train accident that took place at Sa
Published 14 Jul, 2005 12:00am
Survey of dangerous buildings soon

Survey of dangerous buildings soon

District Co-ordination Officer (DCO) Sialkot, Shafqat-ur-Rehman Ranjha, has said that detailed survey of dangerous buildings would be carried out for avoiding any mishap during the rainy season and in this connection possessors of such houses would be mot
Published 14 Jul, 2005 12:00am
Kashmir Martyrs Day observed

Kashmir Martyrs Day observed

The Kashmir Martyrs Day was observed throughout Sialkot and Narowal district by the refugees from the occupied Jammu and Kashmir settled in both districts on Wednesday. The day-long programmes started with special prayers for the solidarity, unity, and pr
Published 14 Jul, 2005 12:00am
Rs 2.9 million allocated funds for Sialkot veterinary hospitals lapse

Rs 2.9 million allocated funds for Sialkot veterinary hospitals lapse

The special fund of Rs 2.9 million allocated by Sialkot district government last year for purchasing veterinary medicines for cattle and livestock has lapsed due to the alleged mismanagement, poor planning of the Sialkot EDO (agriculture) office staff as
Published 14 Jul, 2005 12:00am
AKU seminar on English language from July 16

AKU seminar on English language from July 16

The Centre of English Language at Aga Khan University will host a two-day seminar on the theme 'Language, Culture and Identity: Issues and Challenges' on July 16-17, 2005, said a press release issued her, on Wednesday. Sindh Minister for Education and Lit
Published 14 Jul, 2005 12:00am
P@sha demands redesigning of service level agreements

P@sha demands redesigning of service level agreements

The Pakistan Software Houses Association (P@sha) has asked the Ministry of Information Technology and Telecom to immediately redesign service level agreements for acquiring bandwidth capacity in post-telecom deregulation scenario. This was stated by the P
Published 14 Jul, 2005 12:00am
Moot on business and education from September 30

Moot on business and education from September 30

The Lead Communication would organise a three-day conference on 'Business and Education', with the objective to promote the country's image abroad, scheduled to be held from September 30 to October 2, this year. This was stated by the Lead President Ms Ka
Published 14 Jul, 2005 12:00am
'No country can prosper by acquiring loans'

'No country can prosper by acquiring loans'

Federal Minister for Cabinet Division Mahmood Ali has said that no country can prosper by acquiring loans and the developing countries should work hard to make headway. He was speaking at a seminar on "Pakistan-Indonesia ties of friendship and brotherhood
Published 14 Jul, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (July 13, 2005).

Published 14 Jul, 2005 12:00am
Code of Conduct for local bodies polls

Code of Conduct for local bodies polls

The Election Commission on Wednesday issued a 28-point Code of Conduct for the contesting candidates in local bodies election, and barred federal and provincial ministers from using their positions in election campaign.
Published 14 Jul, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (July 13, 2005).

Published 14 Jul, 2005 12:00am
Ghotki incident: nine emergency centres set up

Ghotki incident: nine emergency centres set up

Pakistan Railways (PR) following the train accident at Ghotki has set up nine emergency centers, which are located at Karachi, Hyderabad, Quetta, Sukkur, Multan, Bahawalpur, Khanewal, Lahore and Rawalpindi to provide immediate information to the public.
Published 14 Jul, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (July 13, 2005).

Published 14 Jul, 2005 12:00am
Hasba Bill not violation of constitution: MMA

Hasba Bill not violation of constitution: MMA

The Muttahida Majlis-i-Amal on Wednesday brushed aside the impression that the proposed Hasba Bill was in violation of the Constitution and declined to withdraw it. The six-party religio-political alliance believed the Federal government would not impose
Published 14 Jul, 2005 12:00am
Sherpao rules out governor's rule in NWFP

Sherpao rules out governor's rule in NWFP

Interior Minister Aftab Ahmed Khan Sherpao has ruled out the possibility of governor's rule in the NWFP, saying the federal government will adopt a pragmatic approach taking into account different options once the Hasba Bill is passed by the provincial as
Published 14 Jul, 2005 12:00am
Riaz to attend Saarc summit

Riaz to attend Saarc summit

Foreign Secretary Riaz Mohammad Khan will attend the foreign secretary level meeting of the Saarc, to be held in Dhaka next month, it is learnt. The meeting will discuss and finalise the agenda for the next Saarc summit expected to be held later this year
Published 14 Jul, 2005 12:00am
World leaders grieved over train accident

World leaders grieved over train accident

A number of world leaders on Wednesday expressed their shock and grief over the tragic loss of life in a multi-train collision in Ghotki. Prime Minister of Bangladesh Begum Khaleda Zia in a message to Prime Minister Shaukat Aziz said, "I am deeply shocked
Published 14 Jul, 2005 12:00am
NWFP opposition vow to send Hasba Bill to CII

NWFP opposition vow to send Hasba Bill to CII

The proceedings of the NWFP Assembly on Wednesday witnessed the worst ever commotion when Speaker Bakht Jehan Khan gave floor to Provincial Minister for Law and Parliamentary Affairs, Malik Zafar Azam to table the controversial Hasba Bill for consideratio
Published 14 Jul, 2005 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Wednesday (July 13, 2005).

Published 14 Jul, 2005 12:00am
NWFP warns Centre to refrain from hurling threats

NWFP warns Centre to refrain from hurling threats

The MMA-led NWFP government on Wednesday warned the Centre not to hurl threats of toppling the provincial government on the pretext of Hasba Bill, as the Bill will become an Act after passage from the Provincial Assembly on Thursday.
Published 14 Jul, 2005 12:00am
Air chief awarded 'Legion of Honour' by France

Air chief awarded 'Legion of Honour' by France

Chief of the Air Staff, Air Chief Marshal Kaleem Saadat has been conferred with the "Legion of Honour", award by the President of France. The investiture ceremony was held at Islamabad. On behalf of the President of France, the French Ambassador Pierre Ch
Published 14 Jul, 2005 12:00am
Askari Bank and Paktel sign MoU for strategic alliance

Askari Bank and Paktel sign MoU for strategic alliance

Askari MasterCard and Paktel on Wednesday inked a Memorandum of Understanding (MoU) for strategic alliance. President Askari Commercial Bank Limited, Kalim-ur-Rehman and Chief Executive Officer Paktel, Xavier Rocoplan signed the agreement.
Published 14 Jul, 2005 12:00am
Procedure for wheat import by private sector notified

Procedure for wheat import by private sector notified

The government on Wednesday issued a notification to allow private sector to import duty and tax-free soft and medium hard white wheat as a follow up of the federal cabinet's earlier decision aimed at reducing the price of the commodity.
Published 14 Jul, 2005 12:00am
Benazir and Zardari not to appear before Swiss court

Benazir and Zardari not to appear before Swiss court

Pakistan Peoples Party (PPP-P) Chairperson Benazir Bhutto and her spouse Asif Zardari have informed the Swiss Court about their non-availability to attend the court of the Swiss magistrate in the money laundering case.
Published 14 Jul, 2005 12:00am
CBR clarification

CBR clarification

The Central Board of Revenue (CBR) has clarified that import and supply of raw material, components, sub-components and parts used in the manufacture of zero-rated plant and machinery shall be charged to sales tax at the rate of zero percent under SRO 527
Published 14 Jul, 2005 12:00am
CBR clarification

CBR clarification

The Central Board of Revenue (CBR) has clarified that import and supply of raw material, components, sub-components and parts used in the manufacture of zero-rated plant and machinery shall be charged to sales tax at the rate of zero percent under SRO 527
Published 14 Jul, 2005 12:00am
CBR to review developing countries' tax policies

CBR to review developing countries' tax policies

The Central Board of Revenue (CBR) has decided to thoroughly review the tax policies of developing countries to increase tax-GDP ratio, with the assistance of World Bank (WB). Official sources told Business Recorder on Wednesday that the issue came
Published 14 Jul, 2005 12:00am
Pakistan asked to dismantle 'militant training camps'

Pakistan asked to dismantle 'militant training camps'

India warned on Wednesday Pakistan must dismantle militant training camps and curb infiltration's into the Indian Occupied Kashmir or risk endangering the countries' fledgling peace process. "Time and again this government has said that there is infrastru
Published 14 Jul, 2005 12:00am
Pakistan asked to dismantle 'militant training camps'

Pakistan asked to dismantle 'militant training camps'

India warned on Wednesday Pakistan must dismantle militant training camps and curb infiltration's into the Indian Occupied Kashmir or risk endangering the countries' fledgling peace process. "Time and again this government has said that there is infrastru
Published 14 Jul, 2005 12:00am
Strategy chalked out to check sugar prices

Strategy chalked out to check sugar prices

The government has chalked out a two-pronged strategy to check the rising trend in sugar prices in the market. It includes offloading of the commodity being imported by Trading Corporation of Pakistan (TCP) in the open market in bulk through tenders at su
Published 14 Jul, 2005 12:00am
Strategy chalked out to check sugar prices

Strategy chalked out to check sugar prices

The government has chalked out a two-pronged strategy to check the rising trend in sugar prices in the market. It includes offloading of the commodity being imported by Trading Corporation of Pakistan (TCP) in the open market in bulk through tenders at su
Published 14 Jul, 2005 12:00am
Strategy chalked out to check sugar prices

Strategy chalked out to check sugar prices

The government has chalked out a two-pronged strategy to check the rising trend in sugar prices in the market. It includes offloading of the commodity being imported by Trading Corporation of Pakistan (TCP) in the open market in bulk through tenders at su
Published 14 Jul, 2005 12:00am
Live animals import from India likely from next week: minister

Live animals import from India likely from next week: minister

The import of live animals from India through land route is likely to start from next week as Indian government has removed all irritants and given green signal to the proposal. Food Minister Sikandar Hayat Khan Bosan told journalists here on Wednesday ab
Published 14 Jul, 2005 12:00am
Live animals import from India likely from next week: minister

Live animals import from India likely from next week: minister

The import of live animals from India through land route is likely to start from next week as Indian government has removed all irritants and given green signal to the proposal. Food Minister Sikandar Hayat Khan Bosan told journalists here on Wednesday ab
Published 14 Jul, 2005 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (July 13, 2005).

Published 14 Jul, 2005 12:00am
Live animals import from India likely from next week: minister

Live animals import from India likely from next week: minister

The import of live animals from India through land route is likely to start from next week as Indian government has removed all irritants and given green signal to the proposal. Food Minister Sikandar Hayat Khan Bosan told journalists here on Wednesday ab
Published 14 Jul, 2005 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (July 13, 2005).
Published 14 Jul, 2005 12:00am
Checks directed to prevent clean loans being used for IPOs

Checks directed to prevent clean loans being used for IPOs

The State Bank of Pakistan on Wednesday advised banks & DFIs to institute necessary checks, so that clean loans are not used for subscribing to Initial Public Offerings (IPOs). Para 1A(b) of Regulation R-6 of Prudential Regulations for Corporate and Comme
Published 14 Jul, 2005 12:00am
Checks directed to prevent clean loans being used for IPOs

Checks directed to prevent clean loans being used for IPOs

The State Bank of Pakistan on Wednesday advised banks & DFIs to institute necessary checks, so that clean loans are not used for subscribing to Initial Public Offerings (IPOs). Para 1A(b) of Regulation R-6 of Prudential Regulations for Corporate and Comme
Published 14 Jul, 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 Wednesday (July 13, 2005).

Published 14 Jul, 2005 12:00am
Checks directed to prevent clean loans being used for IPOs

Checks directed to prevent clean loans being used for IPOs

The State Bank of Pakistan on Wednesday advised banks & DFIs to institute necessary checks, so that clean loans are not used for subscribing to Initial Public Offerings (IPOs). Para 1A(b) of Regulation R-6 of Prudential Regulations for Corporate and Comme
Published 14 Jul, 2005 12:00am
Checks directed to prevent clean loans being used for IPOs

Checks directed to prevent clean loans being used for IPOs

The State Bank of Pakistan on Wednesday advised banks & DFIs to institute necessary checks, so that clean loans are not used for subscribing to Initial Public Offerings (IPOs). Para 1A(b) of Regulation R-6 of Prudential Regulations for Corporate and Comme
Published 14 Jul, 2005 12:00am
Fiat to expand business in Pakistan

Fiat to expand business in Pakistan

The Fiat company on Wednesday said it would expand business in Pakistan owing to the conducive investment environment. A delegation of Fiat company headed by its Senior Vice President Ivan Giorgio Frasca called on Prime Minister Shaukat Aziz, and assured
Published 14 Jul, 2005 12:00am
Harley-Davidson second quarter profit falls

Harley-Davidson second quarter profit falls

Motorcycle maker Harley-Davidson Inc on Wednesday posted a higher-than-expected second quarter profit as sales stabilised from a weak first quarter, sending its shares up as much as 5 percent. While earnings were down from a year ago because of reduced sh
Published 14 Jul, 2005 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Wednesday (July 13, 2005).

Published 14 Jul, 2005 12:00am
Harley-Davidson second quarter profit falls

Harley-Davidson second quarter profit falls

Motorcycle maker Harley-Davidson Inc on Wednesday posted a higher-than-expected second quarter profit as sales stabilised from a weak first quarter, sending its shares up as much as 5 percent. While earnings were down from a year ago because of reduced sh
Published 14 Jul, 2005 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Wednesday (July 13, 2005).

Published 14 Jul, 2005 12:00am
Harley-Davidson second quarter profit falls

Harley-Davidson second quarter profit falls

Motorcycle maker Harley-Davidson Inc on Wednesday posted a higher-than-expected second quarter profit as sales stabilised from a weak first quarter, sending its shares up as much as 5 percent. While earnings were down from a year ago because of reduced sh
Published 14 Jul, 2005 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Wednesday (July 13, 2005).

Published 14 Jul, 2005 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm
Published 14 Jul, 2005 12:00am