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Print - 2005-08-04
Hockey player killed in accident

Hockey player killed in accident

Prominent hockey player and former member of national hockey team Shaikh Sohail was killed in a road accident here on Wednesday. Shaikh Sohail was crossing the road when a speeding car hit him. He received serious head injuries and was rushed to the hospi
Published 04 Aug, 2005 12:00am
Amendments to Sales Tax Act 1990 explained

Amendments to Sales Tax Act 1990 explained

The Faisalabad Tax Bar Association held a seminar here on Wednesday to discuss the amendments made to the Income Tax Ordinance - 2001 and the Sales Tax Act - 1990 through Finance Act - 2005. Faisalabad Sales Tax Collector Shafqat Mahmood was chief guest,
Published 04 Aug, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (August 03, 2005).

Published 04 Aug, 2005 12:00am
NWFP finance department to handle district financial matters

NWFP finance department to handle district financial matters

The NWFP government has decided on Wednesday to transfer administrative powers of district level finance and planning departments to the provincial Finance Department. It was decided in order to remove a lack of co-ordination between provincial and distri
Published 04 Aug, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (August 03, 2005).

Published 04 Aug, 2005 12:00am
'Economic partnership treaty with Indonesia in September'

'Economic partnership treaty with Indonesia in September'

Negotiations between Pakistan and Indonesia are underway to sign a treaty for Comprehensive Economic Partnership (CEP) while a Joint Commission meeting will be held in September in Jakarta to further facilitate businessmen, and removing obstacles in free
Published 04 Aug, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (August 03, 2005).

Published 04 Aug, 2005 12:00am
Tahir Ahmed appointed chief executive of NJI

Tahir Ahmed appointed chief executive of NJI

The Board of Directors of NJI have announced the appointment of Mr Tahir Ahmed as the Managing Director and Chief Executive Officer of NJI, following the retirement of Mr Masood Noorani from this position.
Published 04 Aug, 2005 12:00am
Smeda proposes simplification of tax, labour laws

Smeda proposes simplification of tax, labour laws

The Small and Medium Enterprises Development Authority (Smeda) has proposed simplification of tax and labour laws in the SME Policy to be presented before the cabinet for approval next month. Major recommendations include simplification of tax rules, exem
Published 04 Aug, 2005 12:00am
Women efforts for country's uplift urged

Women efforts for country's uplift urged

Fatima Jinnah award winner, Dr Maryam Malik said that women should embark upon collective efforts for the development, betterment and prosperity of the country. She stated this while receiving a medal during a ceremony here on Tuesday. She is the only lad
Published 04 Aug, 2005 12:00am
Heavy rain lashes Lahore

Heavy rain lashes Lahore

Provincial metropolis received heavy rain on Wednesday, disturbing the routine life, as heavy down pour flooded the roads that created traffic chaos. According to a meteorological official, the city received 39 mm of rain and more rain was expected in the
Published 04 Aug, 2005 12:00am
Verdict reserved

Verdict reserved

The Lahore High Court (LHC) on Tuesday reserved its verdict on a petition filed by one Qari Saeed, who challenging the decision of returning officer, who did not accept the certificate of Madressah and rejected his nomination papers for the office of Nazi
Published 04 Aug, 2005 12:00am
Transfers and posting in tax collectorates

Transfers and posting in tax collectorates

The Collectorate of Sales Tax and Federal Excise has transferred as many as 14 deputy collectors and assistant collectors with immediate effect and given them new assignments. According to a notification issued from the Collectorate.
Published 04 Aug, 2005 12:00am
Relief allowance merged in Wapda employees pay scales

Relief allowance merged in Wapda employees pay scales

Water and Power Development Authority (Wapda) has announced that Wapda Special Relief Allowance has been merged into the new pay scales. A spokesman of Wapda said here on Wednesday that it is not correct that the organisation has withdrawn Special Relief
Published 04 Aug, 2005 12:00am
Transporters suspend service over police excesses

Transporters suspend service over police excesses

Transporters of the Islamabad routes held a demonstration for about four hours against the harsh treatment of Islamabad Capital Territory police on Wednesday morning. The protest started when police allegedly manhandled some transporters. The transporters
Published 04 Aug, 2005 12:00am
Revenue department told to complete consolidation work in time

Revenue department told to complete consolidation work in time

Punjab Minister for Revenue, Relief and Consolidation Gull Hameed Rokhari has directed senior officers of the department to ensure completion of consolidation of villages in the stipulated period and a time limit should be fixed for that purpose according
Published 04 Aug, 2005 12:00am
PML workers join PPP

PML workers join PPP

Over a dozen representatives of ruling PML Lawyers Wing, Pattoki, along with Chaudhry Imran Ali Hashmat, Central Secretary Information of the wing, announced to join Pakistan Peoples Party (PPP), at a crowded press conference here on Wednesday. Those who
Published 04 Aug, 2005 12:00am
Urs begins

Urs begins

A three-day annual Urs celebrations of Sufi saint and teacher of Baba Bulleh Shah, Hazrat Baba Anayat Shah Qadri (RA) commenced here on Wednesday with traditional religious fervour. The Punjab Religious Affairs and Auqaf Minister Syed Saeed Ul Hassan Shah
Published 04 Aug, 2005 12:00am
'Pakistan and Turkey should make OIC more vibrant'

'Pakistan and Turkey should make OIC more vibrant'

Prime Minister Shaukat Aziz on Wednesday said Pakistan and Turkey needed to work together to revitalise the Organisation of Islamic Conference (OIC) making it more vibrant and enabling to present Islam in its true light.
Published 04 Aug, 2005 12:00am
UAE chief of staff calls on Musharraf

UAE chief of staff calls on Musharraf

United Arab Emirates (UAE) Chief of Staff Lieutenant General Hamad Muhammad Thani Al-Rumeithy, who is nowadays on an official visit to Pakistan, called on the President General Pervez Musharraf on Wednesday. During the call, President Musharraf recalled f
Published 04 Aug, 2005 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on Wednesday (August 03, 2005).

Published 04 Aug, 2005 12:00am
Senate panel softens charter for new universities

Senate panel softens charter for new universities

The Senate Standing Committee on Education on Wednesday pointed out a number of loopholes in a cabinet-approved criteria for granting charter to private universities and recommended what it called unavoidable amendments to make it more flexible and practi
Published 04 Aug, 2005 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on Wednesday (August 03, 2005).

Published 04 Aug, 2005 12:00am
FTO issues contempt notice to CIT Appeals

FTO issues contempt notice to CIT Appeals

Federal Tax Ombudsman former Justice Munir A. Sheikh has issued contempt notice to the Commissioner Income Tax Appeals, Peshawar asking why he should not be proceeded against for flagrant disregard of decision of the FTO.
Published 04 Aug, 2005 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on Wednesday (August 03, 2005).

Published 04 Aug, 2005 12:00am
IT awareness campaign to be launched

IT awareness campaign to be launched

The ministry of Information Technology has decided to launch IT awareness campaign in the federal capital to popularise of Information Technology. "The project has been finalised and will be sent to finance division for approval soon", a senior official i
Published 04 Aug, 2005 12:00am
Election Commission cancels transfer orders

Election Commission cancels transfer orders

The Election Commission on Wednesday ordered for cancellation of transfer orders of eight Tando Muhammad Khan education department officials, issued after the announcement of local government elections schedule.
Published 04 Aug, 2005 12:00am
Prime Minister condoles with Saudi envoy

Prime Minister condoles with Saudi envoy

Prime Minister Shaukat Aziz visited the residence of Saudi Ambassador in Islamabad on Wednesday. He remained there for sometime and offered his heart felt condolences to the government and people of Saudi Arabia on the sad demise of Khadim Al-Harmain Al-S
Published 04 Aug, 2005 12:00am
Local government electioneering in full swing in Faisalabad

Local government electioneering in full swing in Faisalabad

The local bodies election campaign has got a momentum in industrial city as all the streets are decorated with the colourful banners and stickers of the candidates on one side, while on the other two persons were killed and many injured in poll clashes du
Published 04 Aug, 2005 12:00am
'Tactics of drug-selling companies a threat to medical ethics'

'Tactics of drug-selling companies a threat to medical ethics'

Good clinical and prescribing practices and rational use of drugs are important issues in medical profession, while tempting tactics of drug-selling companies is a grave threat to medical ethics. This was said by Lieutenant General Professor Dr Syed Azhar
Published 04 Aug, 2005 12:00am
Impartial returning officer for LCCI polls demanded

Impartial returning officer for LCCI polls demanded

The Founders have urged the director trade organisation (DTO) to ensure appointment of an impartial returning officer, scrutineers and secretary for September 2005 LCCI elections, besides verification of the voters list from the income tax department so a
Published 04 Aug, 2005 12:00am
Severe setback to PML-N in Multan

Severe setback to PML-N in Multan

Opposition parties in Multan have finalised the list of consensus candidates in 112 out of 129 Union Councils of Multan district. The decision was taken because Pakistan Muslim League -Nawaz (PML-N) District President Syed Mujahid Ali Shah, former Punjab
Published 04 Aug, 2005 12:00am
Gastroenteritis claims another three lives in Multan

Gastroenteritis claims another three lives in Multan

Another two persons Haji Muhammad Ramazan, and Muhammad Naeem, died of Gastro-enteritis on Tuesday night in Multan. Now total Thirteen persons have died in six days in Multan division due to gastro-enteritis as the health authorities failed to combat this
Published 04 Aug, 2005 12:00am
Four killed, 35 hurt in road accident

Four killed, 35 hurt in road accident

Four persons were killed and about 35 injured in head-on collision between a passenger bus and a coach on Lahore-Pindi Bhattian road near Adda Sheikhi, 10-km from here on Wednesday morning.
Published 04 Aug, 2005 12:00am
King Fahd's death condoled

King Fahd's death condoled

A condolence meeting was held in Jamia Salfia here on Tuesday to condole the sad demise of Saudi King Fahd Bin Abdul Aziz. Participants of the meeting termed his tenure as golden era in the history of Saudi Arabia.
Published 04 Aug, 2005 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 04 Aug, 2005 12:00am
Meeting discusses hazards of stone crushing

Meeting discusses hazards of stone crushing

A plan is being prepared to ensure clean environment and overcome noise, dust and other pollution caused by the stone crushing industry. This was told in a meeting attended by Director Environment Protection Punjab, Shagufta Shahjehan, District Officer EP
Published 04 Aug, 2005 12:00am
Meeting to discuss plans for next desert jeep rally

Meeting to discuss plans for next desert jeep rally

Managing Director Tourism Development Corporation Punjab (TDCP) Irfan Ali will preside over a meeting at Bahawalpur Circuit House on August 10 to discuss arrangements for the Desert Jeep Rally 2006. DCO Bahawalpur, EDO Dr Raheel Siddiqui, TDCP Multan and
Published 04 Aug, 2005 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Wednesday (August 03, 2005).

Published 04 Aug, 2005 12:00am
Income Tax working system reorganised

Income Tax working system reorganised

The income tax administration has been reorganised on functional basis from August 1, with the abolition of a large number of tax circles and ranges under Regional Commissioner of Income Tax, Southern Region, (RCIT).
Published 04 Aug, 2005 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 04 Aug, 2005 12:00am
Move to get Canadian aid for Karachi fire department

Move to get Canadian aid for Karachi fire department

Pakistan-Canada Foundation (PCF) is preparing a report on the requirements of Fire Brigade for Karachi to get it the assistance of Canadian government for improving its standard. In this regard, the chairperson of Pakistan-Canada Foundation, Kosar Hassan,
Published 04 Aug, 2005 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 04 Aug, 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 Aug, 2005 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 04 Aug, 2005 12:00am
Plea for early hearing of petition against Hasba Bill

Plea for early hearing of petition against Hasba Bill

Wattan Party Punjab President Mumtaz Mehmood Khan has approached the Supreme Court of Pakistan praying for early hearing of his petition against Hasba Bill. The petitioner through his counsel Barrister Zafarullah Khan contended that reference of the gover
Published 04 Aug, 2005 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Wednesday (August 03, 2005).

Published 04 Aug, 2005 12:00am
First batch of 232 soldiers returns home

First batch of 232 soldiers returns home

The first batch comprising 232 soldiers of Pakistan Army deployed on UN peace keeping mission to Ivory Coast arrived at the Allama Iqbal International Airport here on Wednesday. On disembarking the UN chartered aircraft they were warmly received by Major
Published 04 Aug, 2005 12:00am
Re-vascularisation Course at LNH from August 20

Re-vascularisation Course at LNH from August 20

A two-day "Re-vascularisation course in Pakistan - 2005 (RCP-2005)" will be held at the Liaquat National Hospital (LNH) here on August 20 and 21. The course is being held by the LNH Department of Cardiology in collaboration with Pakistan Cardiac Society,
Published 04 Aug, 2005 12:00am
THE RUPEE: 50 paisa loss versus euro

THE RUPEE: 50 paisa loss versus euro

The rupee lost 50 paisa against the euro in the open market on Wednesday as the local currency continued its weakness on the buying and selling counters at Rs 73.40 and Rs 73.60, respectively. The single European currency has started showing its muscles o
Published 04 Aug, 2005 12:00am
SSUET seminar on Nino Technology today

SSUET seminar on Nino Technology today

Sir Syed University of Engineering and Technology (SSUET) in collaboration with its Career P1anning and P1acement bureau and Electronic Department is organising a seminar on Nino Technology on Thursday (August 4). Assistant Professor, Penselvenia Universi
Published 04 Aug, 2005 12:00am
THE RUPEE: 50 paisa loss versus euro

THE RUPEE: 50 paisa loss versus euro

The rupee lost 50 paisa against the euro in the open market on Wednesday as the local currency continued its weakness on the buying and selling counters at Rs 73.40 and Rs 73.60, respectively. The single European currency has started showing its muscles o
Published 04 Aug, 2005 12:00am
Importers advised to pay sales tax on value addition

Importers advised to pay sales tax on value addition

The Collectorate of Customs (Appraisement) has advised commercial importers to pay sales tax on value addition on all imports made by them. In case of short payment or non-payment the tax amount may be paid immediately to avoid any action against them.
Published 04 Aug, 2005 12:00am
VIPER to participate as silver sponsor in ITCN Asia

VIPER to participate as silver sponsor in ITCN Asia

The acknowledge leader in IT industry and famous Pakistani branded PC "VIPER" has officially announced to participate as silver sponsor in the upcoming mega event - ITCN ASIA 2005 starting from August 9-11, 2005 at Expo Centre, Karachi.
Published 04 Aug, 2005 12:00am
United Bank pioneers in EVM rollout

United Bank pioneers in EVM rollout

Axalto, the world's leader in microprocessor cards, has announced here on Wednesday that it is supplying high end EMV chip banking cards to the United Bank Limited (UBL), pioneering the first EMV rollout in Pakistan. Axalto provided the UBL with a complet
Published 04 Aug, 2005 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (August 03, 2005).

Published 04 Aug, 2005 12:00am
CIT holds additional charge of LTPU director general

CIT holds additional charge of LTPU director general

A BS-20 officer of Income Tax Group, Malik Bashir Ahmed, presently posted as Commissioner Income Tax (Audit) Large Tax Payers Unit Karachi has been allowed to look after the work of Director General LTPU in addition to his own duties with effect from Augu
Published 04 Aug, 2005 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (August 03, 2005).

Published 04 Aug, 2005 12:00am
Ties with Saudi Arabia developed to optimum level during Fahd's rule

Ties with Saudi Arabia developed to optimum level during Fahd's rule

The Pakistan Television in its news bulletin and commentary on the life of late Khadim Al Haramain Al Sharifain King Fahd Ibn Abdul Aziz ran a real 'bloomer' when it was said in the news bulletin that Fahd Ibn Abdul Aziz visited Pakistan twice, first in 1
Published 04 Aug, 2005 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (August 03, 2005).

Published 04 Aug, 2005 12:00am
ISO certification for SMEs urged

ISO certification for SMEs urged

The Union of Small & Medium Enterprises (Unisame) delegation was invited by SGS Pakistan (Private) Limited to a luncheon meeting to discuss pre-shipment inspection (PSI) of textiles, commodities, agricultural produce items, chemicals and fumigation of car
Published 04 Aug, 2005 12:00am
MMA leader calls to register FIR against PML-Q workers

MMA leader calls to register FIR against PML-Q workers

Muttahida Majlis-i-Amal (MMA) Lahore President Hafiz Salman Butt has said MMA would stage sit-in if police did not register FIR against Pakistan Muslim League Quaid-e-Azam (PML-Q) workers who opened fire on Jamaat-i-Islami (JI) workers a day earlier.
Published 04 Aug, 2005 12:00am
Non ferrous metals, ferrous alloy rates

Non ferrous metals, ferrous alloy rates

Non ferrous metals, ferrous alloy rates in rupees prevailing on the commodity markets in Karachi on Wednesday (August 03, 2005).

Published 04 Aug, 2005 12:00am
1894 cars snatched and stolen in 7 months

1894 cars snatched and stolen in 7 months

As many as 1894 four-wheelers were snatched/stolen in January-July, 2005 period, against 2207 snatching/theft incidents during the same period of 2004. According to police, some 782 four wheelers were snatched and 1112 were stolen in the seven months, whi
Published 04 Aug, 2005 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Wednesday (August 03, 2005) and Thursday (August 04, 2005).
Published 04 Aug, 2005 12:00am
European gold hits fresh four-week high

European gold hits fresh four-week high

Gold hit a fresh four-week high at $436 an ounce in Europe on Wednesday, taking its cue from a sharp rise in the euro to a two-month high versus the dollar. Bullion prices, which have risen by over three percent in the past seven days, had previously run
Published 04 Aug, 2005 12:00am
London sugar moves up on trade, speculative buying

London sugar moves up on trade, speculative buying

London white sugar futures closed marginally higher on trade and speculative buying on Wednesday, and traders said the mood of the market remained upbeat amid expectations of buoyant physical demand before Ramazan. October futures settled up 30 cents at $
Published 04 Aug, 2005 12:00am
Copper ends higher

Copper ends higher

London Metal Exchange (LME) copper ended near record highs on Wednesday on fund buying, although the market struggled near $3,600 a tonne on persistent profit-taking, traders said. "The market was generally quiet today and, as has been the case in recent
Published 04 Aug, 2005 12:00am
New York cotton futures close softer

New York cotton futures close softer

Cotton futures finished softer Wednesday on sales by small speculators in quiet dealings devoid of news, analysts said. The New York Board of Trade's December cotton contract shed 0.22 cent to end at 52.29 cents a lb, ranging from 52.20 to 53.19 cents. Ma
Published 04 Aug, 2005 12:00am
US MIDDAY: coffee futures slump on long positions

US MIDDAY: coffee futures slump on long positions

Benchmark arabica coffee futures fell 0.8 percent Wednesday as market players trimmed their long positions following a failed attempt to extend the previous session's gains of more than 4 percent, traders said.
Published 04 Aug, 2005 12:00am
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