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Print - 2005-08-13
Pakistan, victim of terrorism?

Pakistan, victim of terrorism?

Why is it that the foreign media never describes Pakistan as a victim of terrorism, even though we have had more attacks than the rest of the world put together and even our President and Prime Minister have narrowly escaped concerted assassination attemp
Published 13 Aug, 2005 12:00am
220 vehicles booked during checking drive

220 vehicles booked during checking drive

The Islamabad Capital Territory (ICT) Police challaned 220 vehicles during a special checking campaign on Friday. The activity was conducted as a part of a protocol flag march in response to special directives by the interior ministry to check crime at th
Published 13 Aug, 2005 12:00am
'Women candidates manhandled by opponents'

'Women candidates manhandled by opponents'

Women candidates contesting the forthcoming local bodies elections are facing difficulties as they were manhandled in different districts and threatened of dire consequences by the opponents, said Sarwar Bari, co-ordinator Patan while addressing a press c
Published 13 Aug, 2005 12:00am
Malaysian group eyeing Pakistani road project

Malaysian group eyeing Pakistani road project

Malaysian IJM Corp Bhd is likely to be part of a consortium comprising five Malaysian firms that is eyeing a road project near Islamabad, Pakistan, said Managing Director Datuk Krishnan Tan. Negotiations were being held on a government-to-government basis
Published 13 Aug, 2005 12:00am
First web portal project launched

First web portal project launched

The Ministry of Information Technology has completed the first-ever web portal project to enhance efficiency of government organisations. "The primary purpose of the portal is to provide visibility of the services offered by the various divisions of the f
Published 13 Aug, 2005 12:00am
Government urged to verify validity of housing plots schemes

Government urged to verify validity of housing plots schemes

Industrialists have urged the government to verify the validity of announced housing, flats, industrial, commercial and housing plots schemes in Gwadar before it is going to another land scheme and poor investors will lose their investment.
Published 13 Aug, 2005 12:00am
Ufone launches GPRS International roaming

Ufone launches GPRS International roaming

Ufone, the leading Cellular Service provider of the country has become the first company to launch GPRS International Roaming, in Pakistan. This service will facilitate Ufone users to roam globally and use GPRS services as well as international roamers in
Published 13 Aug, 2005 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 13 Aug, 2005 12:00am
Nespak to provide consultancy for Saudi airport

Nespak to provide consultancy for Saudi airport

National Engineering Services Pakistan (Nespak) has been engaged to provide consulting services for building the Madian Saleh Airport in Al-Ula region of Saudi Arabia.
Published 13 Aug, 2005 12:00am
Prime Minister takes notice of state machinery misuse reports

Prime Minister takes notice of state machinery misuse reports

Taking exception to reports of misuse of state machinery, Prime Minister Shaukat Aziz has asked the ministers to abide by Election Commission's code of conduct. Pakistan Muslim League Information Secretary and State Minister Tariq Azeem said this at a new
Published 13 Aug, 2005 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Friday (August 12, 2005).

Published 13 Aug, 2005 12:00am
'Local bodies' polls will end peacefully'

'Local bodies' polls will end peacefully'

Federal Minister for Local Government and Rural Development former Justice Abdul Razzak A Thahim on Friday said that entire process of scheduled Local Government elections would complete peacefully in fair, free and transparent manner.
Published 13 Aug, 2005 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 13 Aug, 2005 12:00am
Construction of AHVS block in agriculture university starts

Construction of AHVS block in agriculture university starts

NWFP Governor Khalil-ur-Rehman has stressed need for developing and maintaining linkages with the farming community, the agro based industries and the allied organisations on regular and sustainable basis with the basic aim to ensure planning of research
Published 13 Aug, 2005 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 13 Aug, 2005 12:00am
Tribal areas to celebrate Independence Day with zeal

Tribal areas to celebrate Independence Day with zeal

Arrangements are underway to celebrate the 58th Independence Day all over the tribal areas in a befitting manner with usual zeal and fervour. The day will dawn with recitation of Holy Quran and special prayers for the country's solidarity and prosperity i
Published 13 Aug, 2005 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 13 Aug, 2005 12:00am
Sindh chief secretary takes note of water shortage

Sindh chief secretary takes note of water shortage

Sindh Chief Secretary Fazlur Rehman has taken notice of water shortage in certain parts of Karachi and directed Karachi Water and Sewerage Board to take assured measures for immediate provision of water to such areas.
Published 13 Aug, 2005 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Friday (August 12, 2005).

Published 13 Aug, 2005 12:00am
Telenor to open GSM mobile network for commercial service

Telenor to open GSM mobile network for commercial service

Telenor Pakistan will officially open its GSM mobile network for commercial service in Patoki, Lahore-Patoki Road, Kharian, Gujar Khan, Kasur, Lahore-Kasur, Chiniot, Faisalabad-Chiniot Road, Wazirabad, Lahore-Wazirabad Road and Lahore-Islamabad GT Road on
Published 13 Aug, 2005 12:00am
Member To Member

Member To Member

Members have subsequently reported the transactions on Friday (August 12, 2005).

Published 13 Aug, 2005 12:00am
Sindh governor visits city areas

Sindh governor visits city areas

Sindh Governor Dr Ishratul Ibad Khan visited various areas of the city on Friday for over three hours during which he laid the foundation stones of an alternative approach road for Qasba-Orangi Towns and Rehabilitation of Mirza Adam Khan Road. It may be m
Published 13 Aug, 2005 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Friday (August 12, 2005).

Published 13 Aug, 2005 12:00am
Call to evolve strategy to protect youth from AIDS

Call to evolve strategy to protect youth from AIDS

Experts, while unanimously underlining the need of evolving a comprehensive strategy to protect youth from HIV/AIDS have suggested for well-co-ordinated multi sectorial efforts to achieve the desired results.
Published 13 Aug, 2005 12:00am
Mosque burning case Supreme Court issues notice to NWFP AG

Mosque burning case Supreme Court issues notice to NWFP AG

Two-member bench of the Supreme Court of Pakistan on Friday issued a notice to NWFP Advocate General (AG) in an alleged mosque burning case at Battagram and directed the provincial government to produce relevant record at next date of hearing.
Published 13 Aug, 2005 12:00am
CDWP approves project worth Rs 498.426 million for Sindh University

CDWP approves project worth Rs 498.426 million for Sindh University

The Central Development Working Party (CDWP) has approved a five year project estimated to cost Rs 498.426 millions for the development of academic buildings, equipment, furniture, books and faculty and PhD scholarship for the faculty members of the Sindh
Published 13 Aug, 2005 12:00am
THE RUPEE: mixed trend in currency market

THE RUPEE: mixed trend in currency market

The rupee showed mixed trend versus foreign currencies in forex market on Friday, dealers said. The rupee maintained a firm posture versus dollar in the open market and recovered five paisa for buying and selling at Rs 59.95 and Rs 60.00, respectively, th
Published 13 Aug, 2005 12:00am
ICAO expects contracting states to implement standards

ICAO expects contracting states to implement standards

Internationa1 Civil Aviation Organisation (ICAO) has laid down standards and recommended practices for the safety and security of aviation industry and expects contracting states to implement the same.
Published 13 Aug, 2005 12:00am
THE RUPEE: mixed trend in currency market

THE RUPEE: mixed trend in currency market

The rupee showed mixed trend versus foreign currencies in forex market on Friday, dealers said. The rupee maintained a firm posture versus dollar in the open market and recovered five paisa for buying and selling at Rs 59.95 and Rs 60.00, respectively, th
Published 13 Aug, 2005 12:00am
KBCA begins cleansing of buildings' exteriors

KBCA begins cleansing of buildings' exteriors

The Karachi Building Control Authority on Friday started white wash and cleaning of various ugly looking buildings on MA Jinnah Road, Shahrah Faisal, Abdullah Haroon Road and Zaibunnisa Street.
Published 13 Aug, 2005 12:00am
Work on water supply system starts in Keti Bandar

Work on water supply system starts in Keti Bandar

The work on fresh water supply system has been started in Keti Bandar under Public Sector Development Program (PSDP) at an estimated cost of rupees seven million. The old supply lines bringing water from Johi Lake were perished and the system had been non
Published 13 Aug, 2005 12:00am
850 hectares brought under hydrologic restoration

850 hectares brought under hydrologic restoration

An area of land spread over 850 hectares has been brought under hydrologic restoration in drought affected surroundings of Keti Bandar and Shah Bandar under the project "Rehabilitation and Propagation of Drought Affected Coastal Mangroves of Thatta Distri
Published 13 Aug, 2005 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (August 12, 2005).

Published 13 Aug, 2005 12:00am
'Afghanistan is on way to positive change'

'Afghanistan is on way to positive change'

"Afghanistan is now progressively getting better and there has been a beginning of positive change," security analyst and writer Lieutenant General Kamal Matinuddin (Retd) said on Thursday.
Published 13 Aug, 2005 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (August 12, 2005).

Published 13 Aug, 2005 12:00am
Reckitt Benckiser's drive against dangers of pests

Reckitt Benckiser's drive against dangers of pests

Reckitt Benckiser Pakistan initiated a "Mortein Coopex Mauj Mela" campaign where a Mortein Coopex float is visiting more than 80 rural towns of the country, said a statement on Friday.
Published 13 Aug, 2005 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (August 12, 2005).

Published 13 Aug, 2005 12:00am
People marching towards progress: Sindh governor

People marching towards progress: Sindh governor

The Karachi, unlike the past, is awake day and night and its people and the government here are marching ahead together on the path of progress and prosperity of the country.
Published 13 Aug, 2005 12:00am
Debate contests play important role: minister

Debate contests play important role: minister

Federal Minister for Housing and Construction and President Unikariens Syed Safwanullah has said the debates and speech contests played significant role in the tradition of a nation. He was addressing a special session of Unikariens' Bazm-e-Mubahisa, an a
Published 13 Aug, 2005 12:00am
Risk factors associated with heart diseases discussed

Risk factors associated with heart diseases discussed

Health experts predicted that by year 2020 mortality associated with coronary artery disease will increase by at least two fold in South Asia, which is experiencing an epidemic of coronary artery disease and diabetes, said a statement here on Friday.
Published 13 Aug, 2005 12:00am
Holiday notice

Holiday notice

Sindh Education and Literacy Department has declared Monday, August 15, as holiday in lieu of August 14. Accordingly all educational institutions in the public and private sectors will remain closed on August 15 and reopen on August 16, an official announ
Published 13 Aug, 2005 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Friday (August 12, 2005) and Saturday (August 13, 2005).
Published 13 Aug, 2005 12:00am
Businessmen Forum and BP moving towards covert reconciliation

Businessmen Forum and BP moving towards covert reconciliation

The two arch rivals in trade politics, ie Businessmen Forum (BF) and Businessmen Panel (BP) appear to be moving towards a covert reconciliation. The continuation of Eng M A Jabbar as incharge of the World Trade Organisation (WTO) cell in the Federation of
Published 13 Aug, 2005 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (August 12, 2005).

Published 13 Aug, 2005 12:00am
SHC issues notices to AG and IGP

SHC issues notices to AG and IGP

Sindh High Court on Friday issued notices to Advocate-General Sindh and Inspector-General of Police, Sindh, for August 15, on petition of the brother of Mohammad Hashim, alias Arif, one of the five proclaimed offenders in kidnapping and killing conspiracy
Published 13 Aug, 2005 12:00am
Knitwear industry unhappy over duty cut

Knitwear industry unhappy over duty cut

The knitwear industry has expressed shock over the government decision to reduce duty draw back on export of knitted garments by 2-percent. Chairman of Pakistan Hosiery Manufacturers Association, Adil Butt, said in a statement here on Friday that this ste
Published 13 Aug, 2005 12:00am
Condolence

Condolence

Pakistan Cricket Board (PCB) Chairman Sheharyar Khan has expressed his deep sorrow over the death of father of cricketer Umar Gul. In his massage to Umar Gul he has prayed that may Allah Almighty bless the departed soul and give his family members strengt
Published 13 Aug, 2005 12:00am
Paapex hails sales tax exemption

Paapex hails sales tax exemption

Pakistan Association of Auto Parts Exporters (Paapex) chairman, Tahir Javed Malik, while welcoming exemption from sales tax in electricity given to 345 export oriented industries, has demanded that the exemption should also be applied on auto parts indust
Published 13 Aug, 2005 12:00am
Paapex hails sales tax exemption

Paapex hails sales tax exemption

Pakistan Association of Auto Parts Exporters (Paapex) chairman, Tahir Javed Malik, while welcoming exemption from sales tax in electricity given to 345 export oriented industries, has demanded that the exemption should also be applied on auto parts indust
Published 13 Aug, 2005 12:00am
Key stock market movements at 1700 GMT on August 12

Key stock market movements at 1700 GMT on August 12

The latest close of key indices on major world stock exchanges and the London closing values of the euro, the Japanese yen, the British pound and gold bullion (previous day's closes in brackets).

Published 13 Aug, 2005 12:00am
PML sports wing head meets Punjab chief minister

PML sports wing head meets Punjab chief minister

Manzoor Mani head of Pakistan Muslim League-N Sports Wing met Punjab Chief Minister here on Friday. He along with other workers of PML-N expressed confidence in the leadership of Chaudhry Shujaat Hussain and Pervaiz Elahi and joined PML-Q ranks on the occ
Published 13 Aug, 2005 12:00am
New York cotton

New York cotton

Friday's closing prices of New York cotton in US cents/lb.

Published 13 Aug, 2005 12:00am
Fire destroys bakery

Fire destroys bakery

Fire has destroyed the famous Rahat Bakery in Cantonment Area of Rawalpindi as the Fire Brigade was unable to extinguish fire due to lack of in order vehicles. The loss is being estimated in millions of rupees.
Published 13 Aug, 2005 12:00am
New York cotton

New York cotton

Friday's closing prices of New York cotton in US cents/lb.

Published 13 Aug, 2005 12:00am
CDA plans more water filtration plants

CDA plans more water filtration plants

The Capital Development Authority (CDA) has decided to install more water filtration plants in the capital to ensure supply of neat and clean water to the citizens. Central laboratory for environmental analysis has declared the water supplied from the new
Published 13 Aug, 2005 12:00am
The Weather

The Weather

The weather report on Friday (August 12) and the forecast for Saturday (August 13, 2005).
Published 13 Aug, 2005 12:00am
Effects of imports from India discussed

Effects of imports from India discussed

Indo-Pak balance of trade significantly favours India, as import from India was 107.608 percent higher than Pakistani export to its neighbouring country. This was stated by the participants during a roundtable conference on 'Effects of imports from India
Published 13 Aug, 2005 12:00am
Exhibition of animal farm models at UVAS

Exhibition of animal farm models at UVAS

The Institute of Continuing Education and Extension of the University of Veterinary and Animal Sciences Lahore arranged an exhibition of dairy, poultry and fish farm models made by the students. The students of DVM third year class made the models as part
Published 13 Aug, 2005 12:00am
PTV to hold national song contest

PTV to hold national song contest

Pakistan Television Corporation on the eve of Independence Day celebration will hold national song competition at all centers, and the best performer will be picked for telecast awarded bumper prize. The PTV in connection with the Independence Day celebra
Published 13 Aug, 2005 12:00am
Call to adopt latest decision making techniques

Call to adopt latest decision making techniques

Lahore Chamber of Commerce and Industry (LCCI) President Mian Misbah ur Rehman has said the latest decision-making techniques and skills were need of the hour to cope with the fast changing global scenario.
Published 13 Aug, 2005 12:00am
Rs 32.16 billion for hydropower and water projects in 2005-06

Rs 32.16 billion for hydropower and water projects in 2005-06

Chairman Wapda, Tariq Hamid has said that Rs 24.16 billion have been earmarked for the current fiscal year in order to harness water and hydropower resources in the country. Besides, an amount of Rs 8 billion will also be raised for Mangla Dam Raising Pro
Published 13 Aug, 2005 12:00am
Khushhali Bank provides micro-finance services

Khushhali Bank provides micro-finance services

The Khushhali Bank (KB) now provides micro-finance services to over 500,000 under-privileged households through a network of 140 outlets. The Bank, ever since commencement of operations exactly five years ago, has had multiple successes and gained accolad
Published 13 Aug, 2005 12:00am
Lesco elects president for CSECHS

Lesco elects president for CSECHS

Former chief executive Lahore Electric Supply Company (Lesco) Brigadier Riaz Ahmad Toor (Retd) has been elected unopposed as President of Common Services Employees Co-operative Housing Society.
Published 13 Aug, 2005 12:00am
PML-N and PPP not to leave field open for non-democratic forces

PML-N and PPP not to leave field open for non-democratic forces

Being the mass democratic parties, the PML-N and the PPP could not be kept out of the electoral process nor they would leave the field open for the non-democratic forces. Muhammad Pervaiz Malik, PML Central Secretary Finance and MNA expressed these views
Published 13 Aug, 2005 12:00am
LHC issues notices to principal secretaries

LHC issues notices to principal secretaries

The Lahore High Court (LHC) has issued notices to principal secretaries of Governor Punjab and Chief Minister directing them to appear before the court in a petition filed for the recovery of Zubair Qayyum and seven others allegedly in the custody of a fe
Published 13 Aug, 2005 12:00am
Punjab University directive

Punjab University directive

The Punjab University has fixed 15th September, 2005 as last date for submission of private registration forms for B.A./B.Sc. Annual Examination 2006. Extension in last date will not be made, a notice issued by the university said here on Friday.
Published 13 Aug, 2005 12:00am
Mango and kinno to be exported to Iran

Mango and kinno to be exported to Iran

Chief Executive Officer (CEO), Pakistan Horticulture Development and Export Board (PHDEB), Shamoon Sadiq has said that Iran would be a bonanza for the exporters of Pakistan and open a new venue for the export of Pakistani Mangoes and Kinnos.
Published 13 Aug, 2005 12:00am
CGH assured of Rs 250 million grant for healthcare

CGH assured of Rs 250 million grant for healthcare

Federal Minister for Information and Broadcasting Sheikh Rashid Ahmed has assured the management of Cantonment General Hospital (CGH) a grant of Rs 250 million for overcoming the shortage of staff and improving performance of the hospital.
Published 13 Aug, 2005 12:00am
A worthwhile visit

A worthwhile visit

Prime Minister Shaukat Aziz's recent visit to Japan has been very successful from an economic standpoint. The Japanese Government has pledged to revive the yen loans under the Overseas Development Assistance (ODA), suspended after Pakistan's nuclear tests
Published 13 Aug, 2005 12:00am
The way to FDI target

The way to FDI target

The Chairman of the Board of Investment, Waseem Haqqie, has revealed the government's foreign direct investment (FDI) target for fiscal year 2005-2006 to be $3.5 billion. He added that the government was expecting to collect more than $2 billion from the
Published 13 Aug, 2005 12:00am
Why privatisation is necessary for economic growth

Why privatisation is necessary for economic growth

The decade of 1970s in Pakistan witnessed a massive redistribution of national assets from the private owners to the state. The reason underlying the then Government's thinking for this extremely radical action was that the national wealth was being conce
Published 13 Aug, 2005 12:00am
Chinese soldier recalls Shanghai battle

Chinese soldier recalls Shanghai battle

Yang Yangzheng has a story to tell, and he knows it has to be told now or be lost forever. At 91, he is one of the last few to remember the fierce fighting that broke out when the Imperial Japanese Army launched an all-out attack on China in 1937, directi
Published 13 Aug, 2005 12:00am
Hong Kong stocks flat, Li, Fung dips but commodity shares rise

Hong Kong stocks flat, Li, Fung dips but commodity shares rise

Hong Kong blue chip stocks finished flat on Friday as investors paused for breath after a recent earnings-inspired rally. But China commodity plays such as gold Miner Zijin Mining Group Ltd and aluminium producer Chalco gained ground on a weak US dollar.
Published 13 Aug, 2005 12:00am
Singapore shares close lower on profit-taking

Singapore shares close lower on profit-taking

Singapore shares prices closed 0.12 percent down Friday on profit taking ahead of the weekend, dealers said. The Straits Times Index fell 2.77 points at 2,303.2. Volume traded totalled 820 million shares worth 997 million Singapore dollars (604 million US
Published 13 Aug, 2005 12:00am
Jakarta shares lower

Jakarta shares lower

Indonesian share prices closed 1.20 percent lower Friday on persistent concerns that another fuel price increase this year would drive up inflation and interest rates, dealers said. They said blue chip firms Telkom and Astra International were leading the
Published 13 Aug, 2005 12:00am
Toronto stocks close higher

Toronto stocks close higher

Toronto stocks closed higher on Thursday as a surge in the price of bullion hoisted the gold-mining index, but energy shares ended flat despite oil prices touching a record high. The Toronto Stock Exchange S&P/TSX composite index rose 28.45 points, or 0.2
Published 13 Aug, 2005 12:00am
US stocks rally as $66 oil lifts Exxon, Dell drops

US stocks rally as $66 oil lifts Exxon, Dell drops

US stocks climbed on Thursday as crude oil hit $66 a barrel, reaching a record high for the fourth day in a row and boosting energy companies like Exxon Mobil Corp, while wireless technology company Qualcomm Inc rose on an acquisition.
Published 13 Aug, 2005 12:00am
Taiwan stocks finish flat

Taiwan stocks finish flat

Taiwan stocks ended flat on Friday as Dell Inc's weak revenue forecast weighed down shares of its Taiwan suppliers like Quanta Computer Inc, while investors switched funds to small-cap cyclical shares.
Published 13 Aug, 2005 12:00am
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