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Print - 2005-09-25
Greece shields Olympic Air from creditors

Greece shields Olympic Air from creditors

Greece has given its ailing carrier Olympic Airlines temporary protection from creditors after an adverse EU Commission ruling on state aid made the government's effort to privatise it more difficult.
Published 25 Sep, 2005 12:00am
Iron, steel and other metal rates

Iron, steel and other metal rates

Iron, steel and other metal rates in rupees prevailing on the commodity markets in Karachi on Saturday (September 24, 2005).

Published 25 Sep, 2005 12:00am
Rates of Pipe Fittings

Rates of Pipe Fittings

Pipe fitting rates in rupees prevailing in the markets in Karachi on Saturday (September 24, 2005).

Published 25 Sep, 2005 12:00am
EFU funds rates

EFU funds rates

EFU Life Assurance Ltd announced that the Offer and Bid prices for the following funds effective from Monday September 26, 2005.

Published 25 Sep, 2005 12:00am
EFU funds rates

EFU funds rates

EFU Life Assurance Ltd announced that the Offer and Bid prices for the following funds effective from Monday September 26, 2005.

Published 25 Sep, 2005 12:00am
EFU funds rates

EFU funds rates

EFU Life Assurance Ltd announced that the Offer and Bid prices for the following funds effective from Monday September 26, 2005.

Published 25 Sep, 2005 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Saturday (September 24, 2005).

Published 25 Sep, 2005 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Saturday (September 24, 2005).

Published 25 Sep, 2005 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Saturday (September 24, 2005).

Published 25 Sep, 2005 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Saturday (September 24, 2005).

Published 25 Sep, 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 Saturday (September 24, 2005).

Published 25 Sep, 2005 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (September 24, 2005).

Published 25 Sep, 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 Saturday (September 24, 2005).

Published 25 Sep, 2005 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (September 24, 2005).

Published 25 Sep, 2005 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Saturday (September 24, 2005) and Sunday (September 25, 2005).
Published 25 Sep, 2005 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (September 24, 2005).

Published 25 Sep, 2005 12:00am
The Weather

The Weather

The weather report on Saturday (September 24, 2005) and the forecast for Sunday (September 25).
Published 25 Sep, 2005 12:00am
Senate session summoned for October 7

Senate session summoned for October 7

Senate Chairman Mohmmadmian Soomro on Saturday, shortly after the opposition filed a requisition, summoned Senate session on October 7. The requisition, bearing signatures of 41 opposition senators was filed with the Senate Secretariat. On receipt of the
Published 25 Sep, 2005 12:00am
Nigerian Army Chief calls on President

Nigerian Army Chief calls on President

Lieutenant General Martian Luther Agwai, Chief of Staff Nigerian Army, who is currently in Pakistan on an official visit called on President General Pervez Musharraf here on Saturday.
Published 25 Sep, 2005 12:00am
IAEA passes EU resolution on Iran

IAEA passes EU resolution on Iran

The UN nuclear watchdog passed a resolution on Saturday requiring that Iran be reported to the Security Council for failing to convince the international community that its nuclear programme was entirely peaceful.
Published 25 Sep, 2005 12:00am
IAEA passes EU resolution on Iran

IAEA passes EU resolution on Iran

The UN nuclear watchdog passed a resolution on Saturday requiring that Iran be reported to the Security Council for failing to convince the international community that its nuclear programme was entirely peaceful.
Published 25 Sep, 2005 12:00am
20 killed as buses collide near Dadu

20 killed as buses collide near Dadu

At least 20 people were killed and over 70 injured when two buses collided on Indus Highway at Sunn Bridge near Dadu on Saturday night. According to details, a bus heading to Sehwan from Karachi collided with another bus coming from the opposite direction
Published 25 Sep, 2005 12:00am
20 killed as buses collide near Dadu

20 killed as buses collide near Dadu

At least 20 people were killed and over 70 injured when two buses collided on Indus Highway at Sunn Bridge near Dadu on Saturday night. According to details, a bus heading to Sehwan from Karachi collided with another bus coming from the opposite direction
Published 25 Sep, 2005 12:00am
Hurricane Rita crashes into US Gulf Coast

Hurricane Rita crashes into US Gulf Coast

Hurricane Rita slammed into evacuated towns and oil refineries in the swamplands of the Texas-Louisiana border on Saturday, stripping roofs off buildings, cutting power to more than a million homes and flooding New Orleans once again.
Published 25 Sep, 2005 12:00am
Hurricane Rita crashes into US Gulf Coast

Hurricane Rita crashes into US Gulf Coast

Hurricane Rita slammed into evacuated towns and oil refineries in the swamplands of the Texas-Louisiana border on Saturday, stripping roofs off buildings, cutting power to more than a million homes and flooding New Orleans once again.
Published 25 Sep, 2005 12:00am
Khattak elected Aptma chief

Khattak elected Aptma chief

Ahmed Kuli Khan Khattak has been elected chairman of All Pakistan Textile Mills Association (Aptma) in the 47th annual general body meeting of the body held here at Aptma House.
Published 25 Sep, 2005 12:00am
World Bank team briefed on Lahore MTU automation system

World Bank team briefed on Lahore MTU automation system

The World Bank delegation, on the second day of their visit to the provincial metropolis visited the Medium Taxpayer Unit (MTU) Lahore on Saturday, where they were given briefing on automation, matters relating to audit, and initiatives being taken for br
Published 25 Sep, 2005 12:00am
US trained educators urged to impart new methodology

US trained educators urged to impart new methodology

Pakistan has now a strong group of teacher trainers, trained in the United States under USAID funded 'Pakistan Teacher Education and Professional Development Program' (PTEPDP) under which 172 Pakistani teacher-educators have been trained in United States
Published 25 Sep, 2005 12:00am
MCA directs sugar mills to clear stocks

MCA directs sugar mills to clear stocks

The Monopoly Control Authority (MCA) has directed 28 sugar mills to bring their remaining stock of 500,000 tons in the market in a month and warned them to refrain from hoarding and restrictive trade practices, MCA chairman Syed Bilal Ahmed told Busine
Published 25 Sep, 2005 12:00am
MCA directs sugar mills to clear stocks

MCA directs sugar mills to clear stocks

The Monopoly Control Authority (MCA) has directed 28 sugar mills to bring their remaining stock of 500,000 tons in the market in a month and warned them to refrain from hoarding and restrictive trade practices, MCA chairman Syed Bilal Ahmed told Busine
Published 25 Sep, 2005 12:00am
MCA directs sugar mills to clear stocks

MCA directs sugar mills to clear stocks

The Monopoly Control Authority (MCA) has directed 28 sugar mills to bring their remaining stock of 500,000 tons in the market in a month and warned them to refrain from hoarding and restrictive trade practices, MCA chairman Syed Bilal Ahmed told Busine
Published 25 Sep, 2005 12:00am
CCoP to approve JCL and MCL bids on September 27

CCoP to approve JCL and MCL bids on September 27

The Cabinet Committee on Privatisation (CCoP), which is meeting here on Monday with Prime Minister Shaukat Aziz in the chair, will approve the bidding results of Javedan Cement Limited (JCL) and Mustehkam Cement Limited (MCL), but Letters of Acceptance (L
Published 25 Sep, 2005 12:00am
CCoP to approve JCL and MCL bids on September 27

CCoP to approve JCL and MCL bids on September 27

The Cabinet Committee on Privatisation (CCoP), which is meeting here on Monday with Prime Minister Shaukat Aziz in the chair, will approve the bidding results of Javedan Cement Limited (JCL) and Mustehkam Cement Limited (MCL), but Letters of Acceptance (L
Published 25 Sep, 2005 12:00am
CCoP to approve JCL and MCL bids on September 27

CCoP to approve JCL and MCL bids on September 27

The Cabinet Committee on Privatisation (CCoP), which is meeting here on Monday with Prime Minister Shaukat Aziz in the chair, will approve the bidding results of Javedan Cement Limited (JCL) and Mustehkam Cement Limited (MCL), but Letters of Acceptance (L
Published 25 Sep, 2005 12:00am
'High oil prices may raise inflation to double digits'

'High oil prices may raise inflation to double digits'

High oil prices in international market may raise inflation to double digits and may have adverse effects on economic growth, as $1 per barrel increase in crude prices translates into 0.29 percent increase in Consumer Price Index (CPI), economists say.
Published 25 Sep, 2005 12:00am
'High oil prices may raise inflation to double digits'

'High oil prices may raise inflation to double digits'

High oil prices in international market may raise inflation to double digits and may have adverse effects on economic growth, as $1 per barrel increase in crude prices translates into 0.29 percent increase in Consumer Price Index (CPI), economists say.
Published 25 Sep, 2005 12:00am
''High oil prices may raise inflation to double digits''

''High oil prices may raise inflation to double digits''

High oil prices in international market may raise inflation to double digits and may have adverse effects on economic growth, as $1 per barrel increase in crude prices translates into 0.29 percent increase in Consumer Price Index (CPI), economists say.
Published 25 Sep, 2005 12:00am
Broker-to-broker share business prohibited

Broker-to-broker share business prohibited

The Securities and Exchange Commission of Pakistan (SECP), to make share trading more transparent and to curb systematic risk, has decided to prohibit stockbrokers to transact business from fellow brokerage houses from October 10, 2005.
Published 25 Sep, 2005 12:00am
Broker-to-broker share business prohibited

Broker-to-broker share business prohibited

The Securities and Exchange Commission of Pakistan (SECP), to make share trading more transparent and to curb systematic risk, has decided to prohibit stockbrokers to transact business from fellow brokerage houses from October 10, 2005.
Published 25 Sep, 2005 12:00am
Broker-to-broker share business prohibited

Broker-to-broker share business prohibited

The Securities and Exchange Commission of Pakistan (SECP), to make share trading more transparent and to curb systematic risk, has decided to prohibit stockbrokers to transact business from fellow brokerage houses from October 10, 2005.
Published 25 Sep, 2005 12:00am
PC refers KESC sell-off case to Cabinet for guidance

PC refers KESC sell-off case to Cabinet for guidance

The Privatisation Commission Board on Saturday held in-camera discussion on Karachi Electric Supply Corporation (KESC) privatisation case and after hearing the members' points of view decided to refer it to the Cabinet for consideration.
Published 25 Sep, 2005 12:00am
PC refers KESC sell-off case to Cabinet for guidance

PC refers KESC sell-off case to Cabinet for guidance

The Privatisation Commission Board on Saturday held in-camera discussion on Karachi Electric Supply Corporation (KESC) privatisation case and after hearing the members' points of view decided to refer it to the Cabinet for consideration.
Published 25 Sep, 2005 12:00am
PC refers KESC sell-off case to Cabinet for guidance

PC refers KESC sell-off case to Cabinet for guidance

The Privatisation Commission Board on Saturday held in-camera discussion on Karachi Electric Supply Corporation (KESC) privatisation case and after hearing the members'' points of view decided to refer it to the Cabinet for consideration.
Published 25 Sep, 2005 12:00am
Summit on population: close cooperation among policy-makers stressed

Summit on population: close cooperation among policy-makers stressed

There is an urgent need to bring decision makers, corporate sector, non-governmental organisations (NGOs) and all other important actors of society closer, for the enhancement of family planning and reproductive services in the country, as population was
Published 25 Sep, 2005 12:00am
Decision to boost Pak-Bangladesh trade ties commended

Decision to boost Pak-Bangladesh trade ties commended

Pakistan and Bangladesh have decided to boost bilateral trade between the two countries to $1.0 billion by 2007. The present value of the bilateral trade is far below to this mark and the trade balance remains tilted towards Pakistan.
Published 25 Sep, 2005 12:00am
PAF personnel capture another leopard

PAF personnel capture another leopard

Personnel of Pakistan Air Force Base Kala Bagh on Saturday captured another leopard at its Base Kala Bagh (Galliaat). This is the second leopard which is captured alive by PAF personnel, says a PAF press release here.
Published 25 Sep, 2005 12:00am
Wahid Bashir's poetic collection launched

Wahid Bashir's poetic collection launched

Poet's life is an open book that shows his life. He put his entire life's experience in the form of beautiful verses that has diction and facts of life in its totality.
Published 25 Sep, 2005 12:00am
Chuffed China basks in glory of Tibetan railway

Chuffed China basks in glory of Tibetan railway

Like exhausted but triumphant climbers, pudgy Chinese officials wheezed between smiles atop Kunlun mountain pass, before their oxygen-outfitted locomotive whisked them southwards along bare-backed snowy peaks to the Tibetan border.
Published 25 Sep, 2005 12:00am
Ready for the hurricane

Ready for the hurricane

Received the following email from a prominent Pakistani-American based in Houston, Texas, USA. Katrina, FEMA, and the White House taught them a lesson that every Boy Scout learns. Be Prepared. The contents of his email are: "Just so you know.... There is
Published 25 Sep, 2005 12:00am
Fencing Pak-Afghan border

Fencing Pak-Afghan border

President Musharraf during his meeting with Condoleeza Rice, has suggested the fencing of the Pak-Afghan border. This will, to a great extent, control terrorists crossing border from either side and will impede RAW activities of sending terrorists into Pa
Published 25 Sep, 2005 12:00am
Dubai, El Dorado where Asian workers face harsh realities

Dubai, El Dorado where Asian workers face harsh realities

Under a blistering sun, a Pakistani worker covered in dust peers at a luxurious tower block rising from the desert sands of Dubai, an El Dorado for expatriates which can turn into a life of misery for Asian labourers.
Published 25 Sep, 2005 12:00am
Evolution of operational risk measurement

Evolution of operational risk measurement

Operational risk is as old as the banking industry itself; it was the primary cause of some financial disasters. It is one of the first risks that organisations must manage, even before they make their first transaction and yet, the industry has only rece
Published 25 Sep, 2005 12:00am
Towards population control

Towards population control

In his inaugural address at an international seminar in Islamabad on Wednesday, Prime Minister Shaukat Aziz lamented that our burgeoning population is a serious problem which nullifies the effects of the current high rate of economic growth.
Published 25 Sep, 2005 12:00am
Scramble for locomotives

Scramble for locomotives

According to a news report, a high-level delegation of hydrodynamic locomotives manufacturers from Germany, presently on a second visit to this country, in a meeting the other day with Railways Minister, Mian Shamim Haider, offered Pakistan a joint ventur
Published 25 Sep, 2005 12:00am
World seminar on lung diseases from today

World seminar on lung diseases from today

The four-day 23rd Eastern Region International conference on tuberculosis and lung disease will commence here on Sunday, in which leading experts will deal at length on the deadly lung-related diseases.
Published 25 Sep, 2005 12:00am
Anti-polio immunisation drive from September 27

Anti-polio immunisation drive from September 27

A three-day National Immunisation to fight polio, a crippling disease among under-aged children, will be launched under the joint auspices of the World Health Organisation (WHO) and the Ministry of Health from September 27, with the financial assistance o
Published 25 Sep, 2005 12:00am
Parties reject Balochistan panel report

Parties reject Balochistan panel report

Jamhoori Watan Party Central Deputy Secretary General Rauf Khan Sasuli has said that all the Balochistan's nationalist parties and PPP have rejected the report of the parliamentary committee on Balochistan headed by Senator Mushahid Hussain Sayed describi
Published 25 Sep, 2005 12:00am
Healthy lifestyle vital to heart: expert

Healthy lifestyle vital to heart: expert

'World Heart Day-2005' is being celebrated under the auspices of World Heart Federation (WHF), which is an international body engaged in prevention of heart diseases in various parts of the world, including Pakistan, on September 25 with a pledge that eff
Published 25 Sep, 2005 12:00am
Metropolitan Bank joins IFC trade finance programme

Metropolitan Bank joins IFC trade finance programme

The International Finance Corporation (IFC) on Saturday announced that the Metropolitan Bank Limited has become the first bank in Pakistan to join its Global Trade Finance Program. The Metropolitan Bank is one of the leading private commercial banks in th
Published 25 Sep, 2005 12:00am
Piaf vice chairman meets Punjab chief minister

Piaf vice chairman meets Punjab chief minister

Pakistan Industrial & Traders Associations Front (Piaf), Vice-Chairman Mubashar Sheikh, has expressed his deep sense of sorrow and grief over loss of precious lives in recent bomb blasts in Lahore.
Published 25 Sep, 2005 12:00am
Bomb blasts condemned

Bomb blasts condemned

Qasim Zia Leader of Opposition in Punjab Assembly has condemned recent bomb blasts in the city and termed the loss of precious lives as tragic. Talking to newsmen, Qasim condemned failure of the provincial government in curbing lawlessness and said that g
Published 25 Sep, 2005 12:00am
PASPort and Warid sign agreement

PASPort and Warid sign agreement

The leading service provider for electronic distribution of prepaid PINs, PASPort on Saturday signed an agreement with Warid Telecom for making available the prepaid PINs (prepaid cards) of Warid over its countrywide network.
Published 25 Sep, 2005 12:00am
'Judges appointment only on merit'

'Judges appointment only on merit'

Chairman Pakistan Jurist Forum for Human Rights Tariq Aziz has written a letter to Chief Justice of Pakistan, requesting him to appoint judges in the superior courts on merit.
Published 25 Sep, 2005 12:00am
Prospective foreign buyers visit PPL installations

Prospective foreign buyers visit PPL installations

The representatives of two foreign firms interested in acquisition of government stake in Pakistan Petroleum Limited (PPL), one of the largest exploration and production companies in the public sector, have visited company's head office and its facilities
Published 25 Sep, 2005 12:00am
Fesco staffer among two gunned down

Fesco staffer among two gunned down

Mohammad Ali, a clerk of Fesco office, Chak Jhumra, was shot dead by four armed persons over election rivalry near Maluani Bus Stop, while he was going on his motorcycle to attend duty.
Published 25 Sep, 2005 12:00am
TDCP tourism festival celebrations from September 28

TDCP tourism festival celebrations from September 28

The World Tourism Day will be celebrated with great enthusiasm, marked by great fanfare and a colourful weeklong festival arranged by the Tourism Development Corporation of Punjab (TDCP) from September 28 to October 2.
Published 25 Sep, 2005 12:00am
Elahi distributes CNG rickshaws to owners

Elahi distributes CNG rickshaws to owners

Punjab Chief Minister Chaudhry Pervaiz Elahi, in a ceremony to distribute 4-stroke CNG rickshaws to owners here on Saturday, said the government was promoting the use of CNG for providing pollution-free and inexpensive fuel for transport and a Green Fund
Published 25 Sep, 2005 12:00am
Illegal brokerage houses to face action: SECP

Illegal brokerage houses to face action: SECP

Securities and Exchange Commission of Pakistan (SECP) Chairman Dr Tariq Hassan has said that stern action would be taken against illegal brokerage houses, while action against 97 trading companies is being taken, show cause notices have so far been served
Published 25 Sep, 2005 12:00am
GCU prize distribution ceremony held

GCU prize distribution ceremony held

The Government College University (GCU) held a prize awarding ceremony for the position-holders of the Intermediate Examination, 2005. Addressing the function, former Punjab chief secretary Pervez Masud lauded the GCU students for showing outstanding resu
Published 25 Sep, 2005 12:00am
Japanese CJSC visits Naval Headquarters

Japanese CJSC visits Naval Headquarters

General Hajime Massaki, Chairman, Joint Staff Council (CJSC), Japanese Self-Defence Forces, who is currently on an official visit to Pakistan, visited the Naval Headquarters here on Saturday. The designated Chief of the Naval Staff, Vice Admiral M Afzal T
Published 25 Sep, 2005 12:00am
Foreign experts on fruits visit Multan

Foreign experts on fruits visit Multan

A two member delegation of foreign specialist on fruits visited Multan to meet the members of the Mango Growers Association Pakistan to discuss the educate the growers on the contemporary changes taking place in good agriculture practices.
Published 25 Sep, 2005 12:00am
Seminar on advances in plant sciences concludes

Seminar on advances in plant sciences concludes

The 4-day national seminar on "Advances in Plant Sciences" concluded with the recommendations for the establishment of the herbariums in the universities for the research in botany discipline and botanical survey for exploring the floristic frolics of Pak
Published 25 Sep, 2005 12:00am
Privatisation issues discussed

Privatisation issues discussed

Prime Minister Shaukat Aziz on Saturday said the government was committed to development of rural Sindh and was concentrating and encouraging the agriculture sector to accelerate pace of development and benefit the common people.
Published 25 Sep, 2005 12:00am
Abacus to update travel industry on September 27

Abacus to update travel industry on September 27

To meet the challenges of the changing Asia travel landscape, a media briefing will be held here by Abacus at a local hotel on September 27 to update the travel industry to understand and adapt to the new changes.
Published 25 Sep, 2005 12:00am
UN to support Pakistan's efforts to combat drug, arms trafficking

UN to support Pakistan's efforts to combat drug, arms trafficking

The representative of United Nations Office on Drugs and Crime (UNODC) Winsent McClain while expressing full confidence on law enforcing agencies of Pakistan in combating drugs and arms smuggling has said that the UN would continue to support them.
Published 25 Sep, 2005 12:00am
Pakistan wants just solution of Kashmir issue: Shaukat

Pakistan wants just solution of Kashmir issue: Shaukat

Prime Minister Shaukat Aziz on Saturday said Pakistan wants a just solution of Kashmir issue in line with the aspirations and wishes of people of Kashmir so that there is durable peace in the region.
Published 25 Sep, 2005 12:00am
MQM confident of winning Karachi Nazim slot

MQM confident of winning Karachi Nazim slot

The Muttahida Qaumi Movement (MQM) is very confident of winning the election to the office of Nazim of Karachi in spite of various claims being made by the opposition, which has put up a united candidate.
Published 25 Sep, 2005 12:00am
Pakistan economy thriving, says Salman

Pakistan economy thriving, says Salman

Adviser to the Prime Minister on Finance and Economic Affairs Dr Salman Shah on Friday evening said there was a sea change in the attitude of taxpayers and tax administration. With private sector gaining ground, he said there is a change of culture in tax
Published 25 Sep, 2005 12:00am
Abdominal pain: specialised care for children suggested

Abdominal pain: specialised care for children suggested

Many of the surgical conditions of childhood are different from those of the adulthood and should be approached from a different viewpoint for effective treatment rather than taking them as 'matter of routine'.
Published 25 Sep, 2005 12:00am
Modern surgery, cosmoderma centre opens today

Modern surgery, cosmoderma centre opens today

Surgicare (Day Care Surgery Centre) and Laserline Plus (Cosmoderma Clinic) will be inaugurated on Sunday, September25, where Professor Masood Hameed Khan, Vice Chancellor, Dow University of Health Sciences will be chief guest.
Published 25 Sep, 2005 12:00am
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