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Print - 2005-08-23
Re-shaping the begging bowl

Re-shaping the begging bowl

The present rulers cried hoarse in telling the nation that the tall claim of breaking the begging bowl was achieved by them as promised. The nation is grateful but confused on the news that $440 million have been obtained from Japan as developmental aid,
Published 23 Aug, 2005 12:00am
Iraq's porous borders challenge stretched frontier forces

Iraq's porous borders challenge stretched frontier forces

While Iraq's neighbours are criticised for allegedly failing to stop militants entering the war-torn country, Iraq's own nascent border forces are struggling to bring order to long and porous frontiers. Even after months of US training aimed at tightening
Published 23 Aug, 2005 12:00am
Privatisation should not be an ideology

Privatisation should not be an ideology

The Governor of the State Bank has pleaded for privatisation in general and PTCL in particular on ideological rather than pragmatic grounds. Having worked at the World Bank for many years he has unflinching faith in the trilogy of liberalisation, privatis
Published 23 Aug, 2005 12:00am
Gaza pull-out: much ado about nothing

Gaza pull-out: much ado about nothing

Israel is staging a big farce around its disengagement from Gaza and the dismantling of illegal settlements, built on occupied lands, to produce the wrong impression that it is making a huge concession to the Palestinians. The settlers have been creating
Published 23 Aug, 2005 12:00am
End of the first round

End of the first round

The first round of the 'non-party-based' local government elections in 53 districts across the country was completed on Thursday, with full participation of the political parties under different labels, though the voter turnout remained rather low amid al
Published 23 Aug, 2005 12:00am
Mini-industrial estates planned in Punjab

Mini-industrial estates planned in Punjab

Punjab Industries and Investment Minister Ajmal Cheema said the government had chalked out a plan for setting up mini-industrial estates in the key industria1 towns of the province. Talking to newsmen here on Sunday, he said the work on the project would
Published 23 Aug, 2005 12:00am
MCCI member elected unopposed

MCCI member elected unopposed

An-eight member executive committee of the Multan Chamber of Commerce and Industry (MCCI) has been elected unopposed for 2005-06. According to information reached here, Khawaja Muhammad Abdullah, Shehzad Anwar Sheikh, Adnan Ahmed Khan, Tahir Rehman Naqi,
Published 23 Aug, 2005 12:00am
'Government focussing on quality education'

'Government focussing on quality education'

With a view to streamline and enhance facilities in the educational institutions of the province, the government is working on a dynamic policy. Punjab Education Minister, Mian Imran Masood, stated this while addressing the concluding ceremony of the IInd
Published 23 Aug, 2005 12:00am
'Rs 30 billion required to develop Lahore'

'Rs 30 billion required to develop Lahore'

The District Coordination Officer Lahore, Khalid Sultan, has said that the government is alive to all the problems being faced by the public in general and the business community in particular. He was speaking at the Lahore Chamber of Commerce and Industr
Published 23 Aug, 2005 12:00am
LHC restores declaration of daily Islam

LHC restores declaration of daily Islam

The Lahore High Court (LHC) has restored the declaration of daily Islam Lahore by suspending the orders of the District Co-ordination Officer (DCO) Lahore. The court also called for a report and comments from the respondent and directed the office to fix
Published 23 Aug, 2005 12:00am
Punjab to upgrade 400 technical institutes

Punjab to upgrade 400 technical institutes

The Punjab government would upgrade 400 technical institutes across the province under the Chief Minister, Chaudhry Pervaiz Elahi's vision-2020. Punjab Minister for Food, Chaudhry Muhammad Iqbal said this while talking to APP here on Monday.
Published 23 Aug, 2005 12:00am
Auction of registration marks fetches Rs 2.29 million

Auction of registration marks fetches Rs 2.29 million

The Punjab excise and taxation department received Rs 2.29 million through sale of attractive registration marks of vehicles for LZW series in an open auction held here on Monday.
Published 23 Aug, 2005 12:00am
Wapda compiles consumption report

Wapda compiles consumption report

Industrial consumers of Water and Power Development Authority (Wapda) who are only one percent of total number of consumers of Wapda consume 28 percent electricity generated by the organisation.
Published 23 Aug, 2005 12:00am
Government accused of planning large-scale rigging in second phase

Government accused of planning large-scale rigging in second phase

People of Pakistan were truly democratic, enlightened and freedom lovers, and this was evident from the fact that even after six years of autocratic rule, they showed allegiance to democracy and sided with democratic parties in spite of the government pre
Published 23 Aug, 2005 12:00am
'Trust in government educational institutions to be maintained'

'Trust in government educational institutions to be maintained'

Provincial Minister for Communication and Works Chaudhry Muhammad Zaheer ud Din Khan has said Punjab government was making its all-out efforts to maintain masses' trust in public sector educational institutions, which were being brought at par with other
Published 23 Aug, 2005 12:00am
New mode of payment for Lesco consumers

New mode of payment for Lesco consumers

Lahore Electric Supply Company (Lesco) has finalised necessary arrangements to introduce new mode of payments of electricity bills through credit cards and automatic transaction machines (ATMs), which is likely to be launched in the next month.
Published 23 Aug, 2005 12:00am
Better crop hopes, large unsold stocks likely to depress cotton prices

Better crop hopes, large unsold stocks likely to depress cotton prices

Weather conditions prevailing in cotton areas of Punjab and Sindh are reported to be fairly conducive for another bumper cotton crop, at least ranking next to record high production. So far, monsoons and floods have not caused any significant damage to co
Published 23 Aug, 2005 12:00am
The Weather

The Weather

The weather report on Monday (August 22, 2005) and the forecast for Tuesday (August 23).
Published 23 Aug, 2005 12:00am
Better crop hopes, large unsold stocks likely to depress cotton prices

Better crop hopes, large unsold stocks likely to depress cotton prices

Weather conditions prevailing in cotton areas of Punjab and Sindh are reported to be fairly conducive for another bumper cotton crop, at least ranking next to record high production. So far, monsoons and floods have not caused any significant damage to co
Published 23 Aug, 2005 12:00am
New York cotton

New York cotton

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

Published 23 Aug, 2005 12:00am
Jhang and Bhakkar declared sensitive

Jhang and Bhakkar declared sensitive

Jhang and Bhakkar districts of Southern Punjab have been declared sensitive and army is being called for the assistance of district administration for holding local bodies elections in peaceful manner. Total 11 out of 18 districts of Punjab have been decl
Published 23 Aug, 2005 12:00am
New York cotton

New York cotton

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

Published 23 Aug, 2005 12:00am
SSUET seminar today

SSUET seminar today

The Career Planning and Placement Bureau of Sir Syed University (SSUET) is holding a seminar on Tuesday in collaboration with the Electronic Engineering Department of the university. The main speaker will be Dr Fayyaz A Lohar of McGill University, Canada.
Published 23 Aug, 2005 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (August 22, 2005).

Published 23 Aug, 2005 12:00am
'Made in India' exhibition to open on November 10'

'Made in India' exhibition to open on November 10'

A total of 150 Indian companies have confirmed their participation in "Made in India" exhibition scheduled to be held from November 10 to 16 in Lahore.Sources at the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) said that President Perv
Published 23 Aug, 2005 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (August 22, 2005).

Published 23 Aug, 2005 12:00am
PCRWR develops desert into grassland

PCRWR develops desert into grassland

Pakistan Council of Research in Water Resources (PCRWR) Regional Office Bahawalpur has developed five hectares as grassland at Dingarh Field Research Station as a model in Cholistan Punjab. According to a report of PCRWR, it was pointed out the area befor
Published 23 Aug, 2005 12:00am
Key stock market movements at 1700 GMT on August 22

Key stock market movements at 1700 GMT on August 22

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 23 Aug, 2005 12:00am
'8000 CNG buses to ply on Karachi roads in 5 years'

'8000 CNG buses to ply on Karachi roads in 5 years'

The provincial government is carrying out planning on solid basis to introduce a new, modern and safe transport culture under which priority will be given to CNG buses in future.
Published 23 Aug, 2005 12:00am
DHA asked to improve water supply, sanitation systems

DHA asked to improve water supply, sanitation systems

Secretary Defence Lieutenant General Tariq Waseem Ghazi has asked the Defence Housing Authority (DHA) to make concerted efforts for bringing a tangible improvement in water supply, sewerage and sanitation systems in the DHA.
Published 23 Aug, 2005 12:00am
Rice exporters question QRC's PSI role

Rice exporters question QRC's PSI role

Rice exporters have urged the government to make the Quality Review Committee (QRC) a quality guidance committee rather than a referee because it is legally not in a position to carry out pre-inspection inspection (PSI) as it is not qualified to carry out
Published 23 Aug, 2005 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (August 22, 2005).

Published 23 Aug, 2005 12:00am
Khatri nominated Ittehad Chemicals chief executive

Khatri nominated Ittehad Chemicals chief executive

The Board of Directors of Ittehad Chemicals Limited - a leading industrial chemicals producer and a project of Chemi Group of Industries - has nominated Siddiq Khatri as its CEO/Chairman for the new term of three years.
Published 23 Aug, 2005 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Monday (August 22, 2005) and Tuesday (August 23, 2005).
Published 23 Aug, 2005 12:00am
Best Corporate Report Awards ceremony on August 26

Best Corporate Report Awards ceremony on August 26

Financial Advisor to the Prime Minister Dr Salman Shah will give away the "Best Corporate Report Awards" to the winning companies at a local hotel on August 26. According to a press release, the "Best Corporate Report Awards" were instituted and presented
Published 23 Aug, 2005 12:00am
Thesis on politics of repatriation

Thesis on politics of repatriation

Nasreen Ghufran, a Ph.D. Research Scholar has submitted her thesis on "The Politics of Repatriation, A case of Afghan Refugee Repatriation from Pakistan 1989-2003" to the University of Peshawar, said a notification of the University of Peshawar. In partia
Published 23 Aug, 2005 12:00am
Uplift work slows down as uncertainty shrouds Karachi Nazim's election

Uplift work slows down as uncertainty shrouds Karachi Nazim's election

Work on the ongoing development projects in Karachi has slowed down as uncertainty about next Nazim and Naib Nazim election has further intensified after the likelihood of a foreign-based nominee of Haq Parast group to be fielded for one of these two priz
Published 23 Aug, 2005 12:00am
Sufficient water in Simly Dam

Sufficient water in Simly Dam

Sufficient water is available in Simly Dam, a major water source for the Federal Capital, an official of Water Supply Directorate of Capital Development Authority (CDA) said on Monday. However, he appealed to the citizens to avoid wastage of clean water.
Published 23 Aug, 2005 12:00am
'Allotment in Jalozai estate within six months'

'Allotment in Jalozai estate within six months'

The government of NWFP will start allotment of plots in Jalozai Industrial Estate within six months, sources in Sarhad Development Authority (SDA) told Business Recorder on Monday.
Published 23 Aug, 2005 12:00am
Local government poll staff may be allowed postal balloting

Local government poll staff may be allowed postal balloting

The Election Commission of Pakistan has suggested amendments in the Local Government Ordinance to allow polling staff to cast their votes through postal balloting. Election Commission Secretary, Kanwar Muhammad Dilshad told PTV that the staff performing p
Published 23 Aug, 2005 12:00am
Saudi naval chief arrives

Saudi naval chief arrives

Vice Admiral Fahd bin Abdullah bin Muhammad Al-Saud, Commander Royal Saudi Navel Forces, accompanied by his personal staff arrived here on Monday on an official visit at the invitation of Admiral Shahid Karimullah, Chief of the Naval Staff.
Published 23 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 22, 2005).

Published 23 Aug, 2005 12:00am
Pakistan and India to review peace process: foreign office

Pakistan and India to review peace process: foreign office

Although not all the eight working groups appointed to continue the second phase of the Pakistan-India composite dialogue have met, the two foreign secretaries are to meet here on September 1 to review the progress and determine a meeting date for their r
Published 23 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 22, 2005).

Published 23 Aug, 2005 12:00am
Selection for CBR Member HRM on August 24

Selection for CBR Member HRM on August 24

The Central Board of Revenue (CBR) will select new Member, Human Resource Management (HRM), on Wednesday, August 24, from seven private sector short-listed candidates.
Published 23 Aug, 2005 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Monday (August 22, 2005).

Published 23 Aug, 2005 12:00am
CBR to maintain reward policy for officials

CBR to maintain reward policy for officials

Withdrawal of rewards on performing anti-smuggling activities by customs officials under the proposed "unified reward rules" will badly affect performance of customs engaged in such operations at ports, highways, airports and border areas.
Published 23 Aug, 2005 12:00am
EPB to diversify fish export to Far East

EPB to diversify fish export to Far East

The Export Promotion Bureau EPB) is to diversify fish exports to the Far East markets to make up for the $23 million shortfall occurred due to the self-imposed ban on fish exports to Europe for eight months.
Published 23 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 22, 2005).

Published 23 Aug, 2005 12:00am
Over Rs 24.71 billion Japanese aid sought for 10 projects

Over Rs 24.71 billion Japanese aid sought for 10 projects

The government has decided to seek financial assistance of more than Rs 24.71 billion from Japan for at least 10 water and power sector projects. The economic affairs division (EAD) would submit these projects to the Japanese government, which will financ
Published 23 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 22, 2005).

Published 23 Aug, 2005 12:00am
'Pakistan to become largest CNG user by next June'

'Pakistan to become largest CNG user by next June'

Pakistan is set to become the largest user of compressed natural gas (CNG) in the world by June, 2006. At present, the growth of the country's CNG sector is very rapid and the sector has achieved a large infrastructure in a short span of time.
Published 23 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 22, 2005).

Published 23 Aug, 2005 12:00am
OGDC plant closure to cause 190MT LPG shortage

OGDC plant closure to cause 190MT LPG shortage

Closure of Dhodak oilfield plant will cause acute shortage of liquefied petroleum gas (LPG) in the country, which will eventually give rise to its price. Sources told Business Recorder the OGDC plant will be closed down due to annual repair/mainten
Published 23 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 22, 2005).

Published 23 Aug, 2005 12:00am
Campaign for local bodies' polls' second phase ends at midnight

Campaign for local bodies' polls' second phase ends at midnight

The electioneering campaign for the 2nd phase of local bodies' elections, being held in 56 districts including 18 of Punjab, is going to be over on Tuesday midnight amid gross violations of code of conduct issued by the Election Commission of Pakistan (EC
Published 23 Aug, 2005 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Monday (August 22, 2005).

Published 23 Aug, 2005 12:00am
CBR to auction impounded vehicles, smuggled items today

CBR to auction impounded vehicles, smuggled items today

The Central Board of Revenue (CBR) would auction the impounded vehicles, electronic items, cosmetics, crockery and other smuggled goods confiscated from the smugglers, sources in CBR said.
Published 23 Aug, 2005 12:00am
Pakistan and Iran discuss opening of more road links

Pakistan and Iran discuss opening of more road links

Pakistan and Iran on Monday held formal talks for opening up more road links to boost trade between the two neighbouring countries. A two-day meeting of Pak-Iran Joint Committee on Road Transportation started in Quetta to discuss various issues confrontin
Published 23 Aug, 2005 12:00am
THE RUPEE: five paisa gain in open market

THE RUPEE: five paisa gain in open market

The rupee gained five paisa in relation to the dollar for buying and selling at 60.10 and 60.20 in the process of trading, dealers said. The rupee, however, shed five paisa against the euro for buying at Rs72.80 and 10 paisa on the selling side at Rs 73.1
Published 23 Aug, 2005 12:00am
PPPP forms anti-rigging committees

PPPP forms anti-rigging committees

Pakistan Peoples Party Parliamentarian (PPPP) has constituted a special committee with MNA Zamurad Khan its chief to monitor upcoming local bodies' polls in Rawalpindi district.
Published 23 Aug, 2005 12:00am
THE RUPEE: five paisa gain in open market

THE RUPEE: five paisa gain in open market

The rupee gained five paisa in relation to the dollar for buying and selling at 60.10 and 60.20 in the process of trading, dealers said. The rupee, however, shed five paisa against the euro for buying at Rs72.80 and 10 paisa on the selling side at Rs 73.1
Published 23 Aug, 2005 12:00am
Rs 400 million to be spent on Margalla Town development

Rs 400 million to be spent on Margalla Town development

The Capital Development Authority (CDA) would spend Rs 400 million on the up-gradation of civic services in Margalla Town. Sources in CDA told Business Recorder the authority has completed all arrangements to provide basic facilities including wate
Published 23 Aug, 2005 12:00am
'Reports of ban on JI aimed at pressurising religious forces'

'Reports of ban on JI aimed at pressurising religious forces'

The Muttahida Majlis-i-Amal on Monday played down reports of clamping ban on Jamaat-i-Islami, saying these were aimed at pressurising religious forces. Talking to newsmen here, MMA Secretary General Maulana Fazlur Rehman said that such threats or pressure
Published 23 Aug, 2005 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Monday (August 22, 2005).

Published 23 Aug, 2005 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Monday (August 22, 2005).

Published 23 Aug, 2005 12:00am
Cotton crop in good condition: Minfal

Cotton crop in good condition: Minfal

The cotton crop is in good condition throughout the country so far and according to the experts'' assessment its production would be more than 14 million bales during 2005-06 season, Additional Secretary and spokesman of Ministry of Food, Agriculture and
Published 23 Aug, 2005 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 23 Aug, 2005 12:00am
Cotton crop in good condition: Minfal

Cotton crop in good condition: Minfal

The cotton crop is in good condition throughout the country so far and according to the experts' assessment its production would be more than 14 million bales during 2005-06 season, Additional Secretary and spokesman of Ministry of Food, Agriculture and L
Published 23 Aug, 2005 12:00am
Board meetings in progress

Board meetings in progress

Board Meetings in Progress of Companies listed on the Karachi Stock Exchange.

Published 23 Aug, 2005 12:00am
Cotton crop in good condition: Minfal

Cotton crop in good condition: Minfal

The cotton crop is in good condition throughout the country so far and according to the experts' assessment its production would be more than 14 million bales during 2005-06 season, Additional Secretary and spokesman of Ministry of Food, Agriculture and L
Published 23 Aug, 2005 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 23 Aug, 2005 12:00am
Pakistan's democratic process proceeding: US

Pakistan's democratic process proceeding: US

The United States on Monday said it was happy to see the continuing process of strengthening of Pakistan's democratic process. Asked to comment on the smooth completion of the first phase of local government elections, an official of the State Department
Published 23 Aug, 2005 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 23 Aug, 2005 12:00am
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