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Print - 2005-08-16
New York cotton at 8-1/2-month low

New York cotton at 8-1/2-month low

Cotton futures settled at a 8-1/2 month low on Monday on continued speculative and fund sales as rains over the weekend in west Texas contributed to a bearish market tone, brokers said. The New York Board of Trade's December cotton contract sank 1.07 cent
Published 16 Aug, 2005 12:00am
Gold mostly sideways in Europe

Gold mostly sideways in Europe

Gold bullion largely moved sideways during Monday afternoon trading in Europe, marking time underneath last week's eight-month high, traders said. There was a brief flip-up in early afternoon trading above the $445.00 an ounce level, but prices subsequent
Published 16 Aug, 2005 12:00am
Oil falls from record high, Iran in focus

Oil falls from record high, Iran in focus

Oil faded from a $67 high on Monday but the United States' refusal to rule out using force against Iran, Opec's second biggest producer, limited losses. Doubts that the oil industry can pump and refine enough crude have catapulted prices nearly 40 percent
Published 16 Aug, 2005 12:00am
'US-based Kashmiris keen to invest in AJK and Northern Areas'

'US-based Kashmiris keen to invest in AJK and Northern Areas'

Federal Minister for Kashmir Affairs and Northern Areas Syed Faisal Saleh Hayat on Saturday said that Kashmiri community based in United States will invest in different development projects in Kashmir and Northern Areas of Pakistan. He said this on reachi
Published 16 Aug, 2005 12:00am
Illiteracy in Pakistan still high, says World Bank

Illiteracy in Pakistan still high, says World Bank

Illiteracy in Pakistan is still high and half of the adult population cannot read or write. In all, two thirds of Pakistani women are illiterate. According to an observation of World Bank, only about half of the 20 million children, aged between five and
Published 16 Aug, 2005 12:00am
Punjab chief minister pledges to improve lives of poor masses

Punjab chief minister pledges to improve lives of poor masses

The Punjab Chief Minister, Chaudhry Pervaiz Elahi Sunday made a pledge to bring improvement in the lives of poor masses by enabling them to reap the real fruits of the independence. He was speaking at the national flag hoisting ceremony at Alamgiri Gate o
Published 16 Aug, 2005 12:00am
3.249 million establishments engaged in economic activity

3.249 million establishments engaged in economic activity

Pakistan has 3.249 million establishments, economic census of the Federal Bureau of Statistics (FBS) sources told newsmen here. The FBS sources said the Bureau had conducted an economic census in the country as directed by the National Statistical Council
Published 16 Aug, 2005 12:00am
'SBP Research Bulletin' launched

'SBP Research Bulletin' launched

The State Bank of Pakistan launched its first-ever, externally refereed, research publication entitled 'SBP-Research Bulletin', which is aimed at publishing high-quality research in the area of macroeconomics, with special emphasis on monetary and exchang
Published 16 Aug, 2005 12:00am
Encroachments

Encroachments

I fully agree with the letter published in Business Recorder by Abdul Malik regarding encroachments on Alamgir Road opposite Alamgir Masjid, Bahadurababd, Karachi, which is increasing day by day which creates problems to the residents of the area.
Published 16 Aug, 2005 12:00am
'Visit Pakistan Year'

'Visit Pakistan Year'

According to a news item, the federal government has declared the year 2006 as the 'Visit Pakistan Year'. Probably, the federal government does not know that the country does not have the requisite infrastructure and the right image to lure tourists to Pa
Published 16 Aug, 2005 12:00am
British Muslims say they are all under suspicion

British Muslims say they are all under suspicion

Abu Hasan was born in Britain. He has never broken the law and was disgusted by the suicide bombers who killed over 50 people in London last month. As a young Muslim living in Britain however, he says he feels constantly under suspicion, with people eyein
Published 16 Aug, 2005 12:00am
Tale of two villages shows US struggle ahead of Afghan polls

Tale of two villages shows US struggle ahead of Afghan polls

The armoured US Humvees sweep through the pine-fringed village of Zuruk and boys and girls line the road, grinning with their thumbs up, shouting for pens and candy. Just thirty minutes drive away, there are almost no smiles. Neighbouring Naka district is
Published 16 Aug, 2005 12:00am
The crisis-ridden textile industry

The crisis-ridden textile industry

The trade policy announced by the Commerce Minister sounds good as one can see an enhanced export target of $17 billion for the year 2005-06, an increase of 18% over the last fiscal year. There is no room for any doubt about achieving this target, which I
Published 16 Aug, 2005 12:00am
Effective CBMs in economic sphere, a happy augury

Effective CBMs in economic sphere, a happy augury

It, indeed, is gratifying to learn from the joint statement, issued at the conclusion of two-day Secretary level talks on Economic and Trade Relations in New Delhi, that agreement was reached for expeditious processing of requests for opening bank branche
Published 16 Aug, 2005 12:00am
Earning 'good house keeping seal'

Earning 'good house keeping seal'

The State Bank, as a regulator of foreign exchange business in the country, often blows hot and cold over the working of foreign exchange companies. While they have licences to undertake the sale and purchase business of foreign exchange, they are general
Published 16 Aug, 2005 12:00am
Probe into misappropriation of WHO funds ordered

Probe into misappropriation of WHO funds ordered

Sindh Health Minister Shabbir Ahmed Qaimkhani has sought details regarding the news report alleging health department officials to be involved in misappropriation of funds for WHO sponsored projects.
Published 16 Aug, 2005 12:00am
Five of a family killed

Five of a family killed

Six armed persons gunned down five members of a family over abduction of a girl in a nearby village here on Monday. According to details, six armed persons Zafar Iqbal, Bashir Ahmad, Amjad and Sheru S/o Manzoor, Iftikhar and Arshad stormed into the house
Published 16 Aug, 2005 12:00am
Ulema urged to promote environment awareness

Ulema urged to promote environment awareness

NWFP Minister for Environment Shah Raz Khan has urged the Ulema to create and promote awareness among the masses about the importance and protection of environment, forest and wildlife in the light of Islamic teachings through their lectures sermons and c
Published 16 Aug, 2005 12:00am
Pakistan set clear cut strategic direction: Karamat

Pakistan set clear cut strategic direction: Karamat

Ambassador Jehangir Karamat on Saturday evening said Pakistan had set a clear cut strategic direction for itself based on moderation, democracy, stability, viable economy, prosperity and rapid social uplift. "It is a constant path on which we are moving,
Published 16 Aug, 2005 12:00am
Book launching

Book launching

The launching ceremony of a new book "Press, Freedom and the role of Newspaper Editors in Pakistan" by Mehmoodul Aziz will be held at the Council of Pakistan Newspaper Editors (CPNE) Secretariat here on Saturday, August 20, CPNE Sindh Committee announced
Published 16 Aug, 2005 12:00am
Mehran Council holds art exhibition

Mehran Council holds art exhibition

Miss Shahina Salim, a Fine Art postgraduate from Sindh University and renowned textile designer, said the young generation of our artists, it seem, made no effort to explore the cultural heritage of the Indus Valley and confined themselves to traditional
Published 16 Aug, 2005 12:00am
Remains of British concentration camp decaying

Remains of British concentration camp decaying

The remains of a concentration camp near Jarwar town of Ghotki district, one of the 11 such camps established by the British government in Sindh in 1936 to confine the freedom fighters of Hur movement, are on the decay due to negligence of concerned autho
Published 16 Aug, 2005 12:00am
Body formed to regulate accounting profession

Body formed to regulate accounting profession

A Co-ordination committee, consisting senior officials of an apex regulator of accounting profession, Securities and Exchange Commission of Pakistan (SECP) & Institute of Cost and Management Accountants of Pakistan (ICMAP), has been formed under the CMA A
Published 16 Aug, 2005 12:00am
Musharraf accused of disgracing country

Musharraf accused of disgracing country

Muttahida Majlis-i-Amal, Jamat-i-Islami and Pakistan Muslim League (PML-N) have condemned President General Pervez Musharraf for disgracing the country by dancing along with the artistes during a PTV programme held in connection with the Independence Day
Published 16 Aug, 2005 12:00am
Ministers, relatives warned for violating code of ethics

Ministers, relatives warned for violating code of ethics

On the directive of Chief Election Commissioner, Justice Abdul Hameed Dogar, the District Returning Officer and Sessions Judge, Muzaffargarh, summoned Minister of State Shahid Jamil Qureshi, his elder brother Muhammad Ayub Qureshi, SSP Punjab Constabulary
Published 16 Aug, 2005 12:00am
Shaukat inaugurates Bolan TV

Shaukat inaugurates Bolan TV

Prime Minister Shaukat Aziz on Sunday urged the nation to renew the pledge to make the country a respectable state in the world so that its potential could be utilised in a true manner.
Published 16 Aug, 2005 12:00am
Government committed to providing civic amenities: minister

Government committed to providing civic amenities: minister

Federal Minister for Law, Justice and Human Rights, Chaudhry Muhammad Wasi Zafar has said the present government was committed to providing maximum civic amenities to the masses at their doorsteps and priority is being given to the neglected areas of the
Published 16 Aug, 2005 12:00am
Positive approach in life key to avoid mental illness

Positive approach in life key to avoid mental illness

Positive approach in life, helping attitude towards needy people, leading simple life, following religious teachings and showing tolerance can be helpful in avoiding depression and other mental ailments.
Published 16 Aug, 2005 12:00am
ARD files motion on power outage in Lahore

ARD files motion on power outage in Lahore

The Alliance for Restoration of Democracy (ARD) on Monday filed an adjournment motion in the National Assembly Secretariat against the long power breakdown in Lahore on August 12-13.
Published 16 Aug, 2005 12:00am
The Weather

The Weather

The weather report on Monday (August 15) and the forecast for Tuesday (August 16, 2005).
Published 16 Aug, 2005 12:00am
PIA launches Mountain Safari flight

PIA launches Mountain Safari flight

Splendid beauty of majestic mountains of the Northern Areas was unfolded on Sunday when Pakistan International Airlines Karakoram Air Safari cruised through mystical region.
Published 16 Aug, 2005 12:00am
New York cotton

New York cotton

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

Published 16 Aug, 2005 12:00am
Women ask EC to declare their constituencies sensitive

Women ask EC to declare their constituencies sensitive

Women contesting for Nazim slot in the forthcoming local bodies election have asked the election commission (EC) to hold free and fair elections in their constituency, declare them sensitive and call in the army to maintain law and order.
Published 16 Aug, 2005 12:00am
New York cotton

New York cotton

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

Published 16 Aug, 2005 12:00am
Seminar on Trips opens today

Seminar on Trips opens today

The Ministry of Commerce in co-ordination with the Australian High Commission is organising a two-day (August 16-17) seminar on the WTO Trips Agreement and Geographical Indications here at Experts Advisory Cell (EAC).
Published 16 Aug, 2005 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (August 15, 2005).

Published 16 Aug, 2005 12:00am
UHS felicitates Dr Mahmood

UHS felicitates Dr Mahmood

The University of Health Sciences (UHS) vice-chancellor Professor Malik Hussain Mubbashar and the staff members have congratulated UHS Board of Governors' Chairman Professor Dr Mahmood Ahmad Chaudhry on being conferred Hilal-i-Imtiaz by President General
Published 16 Aug, 2005 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (August 15, 2005).

Published 16 Aug, 2005 12:00am
PML-N MNA joins ruling PML

PML-N MNA joins ruling PML

Member National Assembly (MNA) belonging to Pakistan Muslim League Nawaz (PML-N) Mian Jalil Ahmad Sharaqpuri has joined the ruling PML and expressed his full confidence in the leadership of PML President Chaudhry Shujaat Hussain and the Chief Minister Cha
Published 16 Aug, 2005 12:00am
UVAS and Punjab University mark Independence Day

UVAS and Punjab University mark Independence Day

Flag hoisting ceremonies were held at the University of Veterinary and Animal Sciences (UVAS) and Punjab University in connection with the Independence Day celebrations on Sunday.
Published 16 Aug, 2005 12:00am
Writers asked to guide new generation on right direction

Writers asked to guide new generation on right direction

"Writers are custodians of the ideological frontiers of the country. Poets played key role in the freedom movement by awakening the Muslims of the subcontinent from deep slumber through their meaningful poems."
Published 16 Aug, 2005 12:00am
NHA to resume work on Lowari Tunnel shortly

NHA to resume work on Lowari Tunnel shortly

The National Highway Authority (NHA) will soon commence the work on much-awaited Lowari Tunnel Project (LTP) to restore all-seasons link of Chitral District with other parts of the country. The decision was made during the NHA Executive Board meeting held
Published 16 Aug, 2005 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (August 15, 2005).

Published 16 Aug, 2005 12:00am
Case against police officials ordered

Case against police officials ordered

The Lahore High Court (LHC) has directed registration of a criminal case against SHO Nawankot and a sub-inspector Muhammad Younus for keeping three persons in their illegal detention for 15 days.
Published 16 Aug, 2005 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Monday (August 15, 2005) and Tuesday (August 16, 2005).
Published 16 Aug, 2005 12:00am
'Millat Tractors to play a global role'

'Millat Tractors to play a global role'

Chairman Millat Tractors Group of Companies, Sikandar Mustafa Khan has said that the company was destined to play a global role in future if it maintained the present tempo of growth.
Published 16 Aug, 2005 12:00am
'Modern system of emergency introduced in 13 Punjab hospitals'

'Modern system of emergency introduced in 13 Punjab hospitals'

Punjab Chief Minister Chaudhry Pervaiz Elahi has said a modern system of emergency (MES) has been introduced in as many as 11 teaching hospitals of the province and latest healthcare facilities were being provided to patients free-of-cost at district, teh
Published 16 Aug, 2005 12:00am
Russia to study chances of participation in gas line project

Russia to study chances of participation in gas line project

Pakistan Ambassador to Russia Mustafa Kamal Qazi has said a Russian delegation would visit Pakistan soon to look into chances of its participation in Iran-Pakistan-India gas pipeline. In an interview with Radio Moscow, he said there were tremendous econom
Published 16 Aug, 2005 12:00am
Five of a family drown

Five of a family drown

Five persons of a family drowned in the speedy waters of river Kunhar near Balakot of Kaghan valley in Mansehra district here on Sunday. The ill-fated family of Chaudhary Sarwar from Dhok Hassu, Rawalpindi had gone for outing to Kaghan valley. They were b
Published 16 Aug, 2005 12:00am
NWFP IGP pays surprise visit to bazaars, public places

NWFP IGP pays surprise visit to bazaars, public places

The NWFP inspector general of police (IGP) Muhammad Raffat Pasha in plain clothes paid surprise visit to various bazaars and public places, and parks in Peshawar during 13th and 14th August nights.
Published 16 Aug, 2005 12:00am
Real estate transaction signed for multipurpose complex

Real estate transaction signed for multipurpose complex

The largest ever Real Estate transaction in the history of CDA is signed in Islamabad and Chief Executive of Sardar Builders, Sardar Tanveer Ilyas, has submitted the pay order of Rs 1.5 billion, 25 percent of the total amount.
Published 16 Aug, 2005 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (August 15, 2005).

Published 16 Aug, 2005 12:00am
Minister urged to evolve plan for EU new rules of origin

Minister urged to evolve plan for EU new rules of origin

Textile associations have called for evolving a consensus on the changes being considered by European Union (EU) in the 'Rules of Origin' (ROO) for the new scheme of 'Generalised System of Preferences' (GSP plus).
Published 16 Aug, 2005 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (August 15, 2005).

Published 16 Aug, 2005 12:00am
ICAO completes audit for aviation security

ICAO completes audit for aviation security

An International Civil Aviation Organisation (ICAO) audit team completed on Monday security audit for the aviation security (AVSEC) system in place with focus on Jinnah International Airport (JIAP).
Published 16 Aug, 2005 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Monday (August 15, 2005).

Published 16 Aug, 2005 12:00am
'Japanese ready to invest in Pakistan'

'Japanese ready to invest in Pakistan'

The Consul-General of Japan, Shoichi Nakano has said that Japanese investors are ready to invest in Pakistan and establish new industrial units in joint ventures. Speaking at a meeting of Korangi Association of Trade and Industry (KATI) on Monday morning,
Published 16 Aug, 2005 12:00am
P@sha job fair opens in Lahore today

P@sha job fair opens in Lahore today

The country's largest job fair opens on Tuesday in Lahore at the Pearl-Continental Hotel. The P@sha Job Fair 2005 is a collaborative effort by P@sha and Rozee.com.pk and aims to present unlimited job, learning and networking opportunities previously unava
Published 16 Aug, 2005 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Monday (August 15, 2005).

Published 16 Aug, 2005 12:00am
KPT to build new jetty in Bhit Island

KPT to build new jetty in Bhit Island

Karachi Port Trust (KPT) has planned to construct a new jetty in the proximity of Bhit Island to replace the 300-year old small landing pier, at a cost of Rs 50 million. The Minister of Ports and Shipping, Babar Ghauri, laid the foundation-stone here on M
Published 16 Aug, 2005 12:00am
Hearing put off

Hearing put off

The Lahore High Court (LHC) has adjourned the proceedings till August 16, in a petition filed for recovery of Zubair Qayyum and six others, as the principal secretary to Governor Punjab did not appear before the court.
Published 16 Aug, 2005 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Monday (August 15, 2005).

Published 16 Aug, 2005 12:00am
Independence Day celebrated in Multan amid tight security

Independence Day celebrated in Multan amid tight security

The 58th Independence Day was celebrated amid tight security in Multan and other parts of southern Punjab on Sunday in a befitting manner. Police and jawans of Elite Force were deployed in the city squares while the vehicles were thoroughly searched to av
Published 16 Aug, 2005 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Monday (August 15, 2005).

Published 16 Aug, 2005 12:00am
INTERNATIONAL TENDERS

INTERNATIONAL TENDERS

Export Promotion Bureau has received the following International Tenders from abroad. Interested Pakistani parties dealing in the under mentioned items can obtain further details of Tenders from the addresses given or from EPB Head Quarters and its Region
Published 16 Aug, 2005 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Monday (August 15, 2005).

Published 16 Aug, 2005 12:00am
Pakistan fifth largest contributor to Emirate's DSS package

Pakistan fifth largest contributor to Emirate's DSS package

Pakistan has emerged as the fifth largest contributor to the Emirates' Dubai Summer Surprises (DSS) packages sold across the airline's network. The DSS is a 10-week-long celebration packed with fun, entertainment, excitement, and loads of shipping that co
Published 16 Aug, 2005 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Monday (August 15, 2005).

Published 16 Aug, 2005 12:00am
District revenue officers given magisterial power

District revenue officers given magisterial power

The Election Commission on Monday empowered all the district officers (revenue) and deputy district officers (revenue) in the province of Sindh with the powers of magistrate 1st class.
Published 16 Aug, 2005 12:00am
ECP's report sought in delimitation of district case

ECP's report sought in delimitation of district case

The Supreme Court of Pakistan has called for a report from the Election Commission of Pakistan in a petition filed by one Dad Muhammad Siddiqui, who challenged the delimitation of district Nowshera.
Published 16 Aug, 2005 12:00am
THE RUPEE: interbank rates in tight range

THE RUPEE: interbank rates in tight range

The rupee moved in a tight range versus the dollar in the interbank market on Monday for buying and selling at 59.66 and 59.67 as the supplies were enough to meet the demand, dealers said. Satisfactory position on the supply side did not allow the rupee s
Published 16 Aug, 2005 12:00am
'Bab-e-Pakistan' project launched

'Bab-e-Pakistan' project launched

'Bab-e-Pakistan' project would prove to be a magnificent monument to the transmigration, which took place at the time of establishment of Pakistan. IT would always keep reminding the nation the sacrifices rendered for the sake of freedom and the ge
Published 16 Aug, 2005 12:00am
THE RUPEE: interbank rates in tight range

THE RUPEE: interbank rates in tight range

The rupee moved in a tight range versus the dollar in the interbank market on Monday for buying and selling at 59.66 and 59.67 as the supplies were enough to meet the demand, dealers said. Satisfactory position on the supply side did not allow the rupee s
Published 16 Aug, 2005 12:00am
Generation of more resources for healthcare urged

Generation of more resources for healthcare urged

Experts on Monday asked for exploring alternative mechanism to generate resources for provision of proper healthcare facilities. Speaking at a seminar on "Raising Revenue for Pakistan Healthcare; options and problems" here at Sustainable Development Polic
Published 16 Aug, 2005 12:00am
LCCI demands installation of scanning machines at ports

LCCI demands installation of scanning machines at ports

The Lahore Chamber of Commerce & Industry (LCCI) President Mian Misbahur Rehman has said that smuggled goods from China and Afghanistan are playing havoc with local industry, and if timely steps were not taken, the menace would paralyse the manufacturing
Published 16 Aug, 2005 12:00am
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