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Print - 2006-03-19
Dinner

Dinner

Sindh Governor Dr Ishratul Ibad will host a dinner in honour of participants of Textile Asia 2006 exhibition at the Governor House on Sunday. The addresses on the occasion will be followed by a memento-presenting ceremony.
Published 19 Mar, 2006 12:00am
Oil cake markets rates

Oil cake markets rates

Mixed pattern was seen on the forward cottonseed oil cake market on Saturday, dealers said. The March vaida commenced unchanged at Rs 487.00 and closing was seen at the same level, they said.
Published 19 Mar, 2006 12:00am
Lean business on cotton market

Lean business on cotton market

Most of the mills were on the sidelines on the cotton market on Saturday owing to declining trend in prices, dealers said. The official spot rate was unchanged at Rs 2450, without upcountry expenses.
Published 19 Mar, 2006 12:00am
Upward trend on grain market

Upward trend on grain market

Upward trend was seen on the grain market on Saturday, as grams supply was tight, dealers said. On the grams side, gram Punjab gained Rs 50 to Rs 2300-2350, they said. Gram dal Punjab, picked up Rs 75 to Rs 2675-2725, they said. Beetle chana No 1 rose by
Published 19 Mar, 2006 12:00am
Kirana items mixed on Jodia Bazar

Kirana items mixed on Jodia Bazar

The trading on Kirana items moved both ways on Jodia Bazar on Saturday. The following changes were seen in white pepper Singapore down Rs 75 to Rs 4,150, Big Cardomom down Rs 50 to Rs 8,200, Cloves up Rs 200 to Rs 13,200, Dry ginger down Rs 100 to Rs 3,70
Published 19 Mar, 2006 12:00am
Asian freight rates drift down but seen supported

Asian freight rates drift down but seen supported

Freight rates for the key US Gulf-Japan route drifted down on Tuesday in an adjustment following recent rises, but were expected to stop falling as demand is seen picking up towards the end of the month.
Published 19 Mar, 2006 12:00am
Brazilian sugar vessels lineup falls

Brazilian sugar vessels lineup falls

The lineup of vessels waiting to load sugar in Brazilian ports slipped to 24 from 34 a week ago, shipping agent Williams said Thursday.
Published 19 Mar, 2006 12:00am
Singapore bunker fuel prices rise

Singapore bunker fuel prices rise

Singapore bunker prices rose on Friday, driving differentials to its highest levels in over three months as sellers kept offers firm in anticipation of a tighter market next week due to berthing congestion's, traders said.
Published 19 Mar, 2006 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 65,352 tonnes of cargo including 51,269 tonnes import and 14,083 tonnes export cargo including 4,461 containers during last 24 hours ending at 0700 hours on Saturday.
Published 19 Mar, 2006 12:00am
New York sugar lower in quiet trade

New York sugar lower in quiet trade

Raw sugar futures finished near their session lows on Friday on speculative sales and there seems no indication the market will bust out of its trading band next week, brokers said.
Published 19 Mar, 2006 12:00am
Australian grain: sorghum exports seen dented as crop shrinks

Australian grain: sorghum exports seen dented as crop shrinks

Australian sorghum exports face a squeeze this year as hot and dry weather shrivels tonnage's in a crop now being harvested. With up to 20 percent of the sorghum harvest complete in south Queensland State and less advanced elsewhere, lack of rain during t
Published 19 Mar, 2006 12:00am
Asian rubber prices up on Tokyo futures

Asian rubber prices up on Tokyo futures

Asian rubber prices rose on Friday following gains in Tokyo futures and dealers said there had been some physical buying. The benchmark August TOCOM rubber contract on the Tokyo Commodity Exchange, the global trend-setter for rubber, was up 1.2 yen per kg
Published 19 Mar, 2006 12:00am
Australian wool indicator falls

Australian wool indicator falls

The Australian Wool Exchange (AWEX) said that its eastern market indicator (EMI) fell 1 cent to 753 cents a kg clean at its sales on Wednesday.
Published 19 Mar, 2006 12:00am
Comex copper rallies to record levels, seen firm

Comex copper rallies to record levels, seen firm

US copper futures rallied over 4 percent on Friday as institutional fund buying boosted prices to all-time record levels, while a break above $5,000 a tonne in London was seen adding to the momentum, sources said.
Published 19 Mar, 2006 12:00am
CBOT rice slides

CBOT rice slides

Chicago Board of Trade roughs rice closed lower on Friday, with the May contract reaching a three-month low on continued long liquidation, traders said.
Published 19 Mar, 2006 12:00am
World market price for upland cotton

World market price for upland cotton

The US Agriculture Department (USDA) set the prevailing world market price for upland cotton at 43.61 cents per pound, effective through March 23. The price is adjusted to US quality and location for Strict Low Middling, 1-1/16 inch upland cotton.
Published 19 Mar, 2006 12:00am
Soyabeans end mostly up

Soyabeans end mostly up

The Chicago Board of Trade soyabean futures market ended mostly firm on Friday, consolidating after falling to a two-month low this week, traders said.
Published 19 Mar, 2006 12:00am
New York silver ends at 22-year high

New York silver ends at 22-year high

US silver futures scaled a fresh 22-year peak on Friday amid expectations for rising demand and prices, and platinum and palladium also rose on speculative buying, but gold prices eased in listless trade.
Published 19 Mar, 2006 12:00am
Rusagro to invest $100 million in sugar expansion

Rusagro to invest $100 million in sugar expansion

Rusagro Group, Russia's largest Agro-industrial company, will invest up to $100 million in the next three years to boost output at four of its seven sugar plants by at least 50 percent, a senior company official said.
Published 19 Mar, 2006 12:00am
Sirius reaches accord with two music firms

Sirius reaches accord with two music firms

Sirius Satellite Radio Inc on Friday said it has reached a deal with two music companies to allow their songs to be played on a new radio unit that can store songs for future playback.
Published 19 Mar, 2006 12:00am
Eximbank to provide loans to Libya after 21 years

Eximbank to provide loans to Libya after 21 years

For the first time in 21 years, the US Export-Import Bank's board of directors has voted to provide credit guarantees for export sales of US products to Libya, a spokesman for the bank said on Friday.
Published 19 Mar, 2006 12:00am
SBA Communications to buy AAT for $1 billion

SBA Communications to buy AAT for $1 billion

Wireless tower operator SBA Communications Corp on Friday said it will buy AAT Communications Corp for $1 billion in cash and stock to expand its tower portfolio by more than half.
Published 19 Mar, 2006 12:00am
SBA Communications to buy AAT for $1 billion

SBA Communications to buy AAT for $1 billion

Wireless tower operator SBA Communications Corp on Friday said it will buy AAT Communications Corp for $1 billion in cash and stock to expand its tower portfolio by more than half.
Published 19 Mar, 2006 12:00am
Cox and Landmark to break up joint venture

Cox and Landmark to break up joint venture

Cox Enterprises Inc and Landmark Communications are expected to announce on Friday they will dissolve their classified advertisement publishing venture, Trader Publishing Co, and split up its assets, the Wall Street Journal said.
Published 19 Mar, 2006 12:00am
Bosnia Serb region adopts 16 percent higher 2006 budget

Bosnia Serb region adopts 16 percent higher 2006 budget

The Serb Republic's parliament adopted late on Thursday the 2006 budget of 1.098 billion Bosnian marka ($679.8 million), 16 percent higher than in 2005, despite warnings by the International Monetary Fund (IMF).
Published 19 Mar, 2006 12:00am
US urges Japan to lift beef ban

US urges Japan to lift beef ban

US Secretary of State Condoleezza Rice urged Japan on Saturday to reconsider its ban on US beef sales over mad cow disease and to finalise a deal on US military bases.
Published 19 Mar, 2006 12:00am
Indian Prime Minister sees merit in greater convertibility

Indian Prime Minister sees merit in greater convertibility

India's prime minister said on Saturday the country's economic position internally and externally had become "far more comfortable" and it was worth looking into greater capital account convertibility.
Published 19 Mar, 2006 12:00am
UN biosafety meeting doesn't toughen rules on GMOs

UN biosafety meeting doesn't toughen rules on GMOs

Consumers around the world concerned about risks posed by genetically modified (GMO) foods got little comfort on Friday from the close of the latest United Nations meeting on biosafety in Brazil.
Published 19 Mar, 2006 12:00am
'Saudi Arabian macroeconomic indicators strong'

'Saudi Arabian macroeconomic indicators strong'

Saudi macroeconomic indicators are positive despite a sharp correction that hit the local stock exchange recently after a three-year rally, Finance Minister Ibrahim al-Assaf said on Saturday.
Published 19 Mar, 2006 12:00am
Google told to reveal Web sites, not search terms

Google told to reveal Web sites, not search terms

A federal judge denied a US government request that Google Inc be ordered to hand over a sample of keywords customers use to search the Internet, but required on Friday that the company produce some Web addresses indexed in its system.
Published 19 Mar, 2006 12:00am
US bankers panel sees Fed ending interest rate hikes soon

US bankers panel sees Fed ending interest rate hikes soon

The US Federal Reserve is likely to wrap up its campaign to boost interest rates by midyear at the latest as economic risks shift from inflation to slower growth, a panel of bank economists said on Friday.
Published 19 Mar, 2006 12:00am
General Motors loss hits credibility of management, shares

General Motors loss hits credibility of management, shares

General Motors Corp disclosure of accounting errors and an additional $2 billion loss for 2005 on Friday deepened Wall Street doubts about the company's management and renewed questions about the automaker's long-term survival.
Published 19 Mar, 2006 12:00am
General Motors loss hits credibility of management, shares

General Motors loss hits credibility of management, shares

General Motors Corp disclosure of accounting errors and an additional $2 billion loss for 2005 on Friday deepened Wall Street doubts about the company's management and renewed questions about the automaker's long-term survival.
Published 19 Mar, 2006 12:00am
French unions, students amass for big job protests

French unions, students amass for big job protests

Huge crowds of students, trade unionists and left-wingers took to the streets across France on Saturday to put pressure on the conservative government to cancel a new law they fear will undermine job security for young workers.
Published 19 Mar, 2006 12:00am
Canadian bond prices weaken

Canadian bond prices weaken

The Canadian bond prices retreated in quiet trade on Friday, taking a hit from the strong wholesale trade data, but largely tracking weaker US treasuries.
Published 19 Mar, 2006 12:00am
Canadian bond prices weaken

Canadian bond prices weaken

The Canadian bond prices retreated in quiet trade on Friday, taking a hit from the strong wholesale trade data, but largely tracking weaker US treasuries.
Published 19 Mar, 2006 12:00am
Vanda Pharma sets terms for 5.75 million share IPO

Vanda Pharma sets terms for 5.75 million share IPO

Vanda Pharmaceuticals Inc may offer up to 5.75 million shares for between $12 and $14 a share in an initial public offering, according to a regulatory filing on Friday.
Published 19 Mar, 2006 12:00am
Brazilian stocks slip

Brazilian stocks slip

Brazil's stocks fell on Friday as the country's finance minister, a favourite of investors, was caught in a political row before October's presidential vote.
Published 19 Mar, 2006 12:00am
General Motors and GMAC bonds fall on restatement

General Motors and GMAC bonds fall on restatement

General Motors Corp's and its finance unit's bond prices fell on Friday after the automaker increased its 2005 loss by $2 billion due to accounting errors and said it would delay filing its annual report.
Published 19 Mar, 2006 12:00am
General Motors and GMAC bonds fall on restatement

General Motors and GMAC bonds fall on restatement

General Motors Corp's and its finance unit's bond prices fell on Friday after the automaker increased its 2005 loss by $2 billion due to accounting errors and said it would delay filing its annual report.
Published 19 Mar, 2006 12:00am
US Treasuries finish down

US Treasuries finish down

US Treasury debt succumbed to mild profit-taking on Friday but the market was still higher on the week as investors reassessed the need for more interest rate hikes.
Published 19 Mar, 2006 12:00am
US Treasuries finish down

US Treasuries finish down

US Treasury debt succumbed to mild profit-taking on Friday but the market was still higher on the week as investors reassessed the need for more interest rate hikes.
Published 19 Mar, 2006 12:00am
Eurostocks: shares seen holding onto five-year highs

Eurostocks: shares seen holding onto five-year highs

European equity investors will eye results from retailers and financial companies next week, in a market showing no signs of fatigue as take-over frenzy and robust profits boost benchmark indexes to near five-year highs.
Published 19 Mar, 2006 12:00am
Mexican stocks soar

Mexican stocks soar

Mexico's benchmark stock index rose to a record high close on Friday, driven by gains in blue chips like Wal-Mart de Mexico and mobile telephone operator America Movil.
Published 19 Mar, 2006 12:00am
Chilean stocks rise

Chilean stocks rise

Chilean stocks rose for a sixth consecutive session on Friday while the peso retreated against the US dollar, both responding to the central bank's decision on Thursday to hold interest rates steady.
Published 19 Mar, 2006 12:00am
Toronto stocks snap six-day winning streak

Toronto stocks snap six-day winning streak

The Toronto Stock Exchange's main index closed lower on Friday, ending a six-session winning streak as energy and financial issues were sapped by profit-taking after recent hefty gains.
Published 19 Mar, 2006 12:00am
Argentinean stocks sag

Argentinean stocks sag

Argentine stocks fell on Friday as investors pocketed profits in heavyweight Tenaris, traders said. The MerVal index of the 11 leading shares slumped 0.35 percent to 1,810.63 points after four straight days of gains. Volume was 73.3 million pesos ($23.7 m
Published 19 Mar, 2006 12:00am
American credit market outlook

American credit market outlook

Average investment-grade credit default swap spreads on Friday traded at their tightest levels since the creation of the benchmark credit derivatives index three years ago as investors closed out short positions ahead of the index's roll on Monday.
Published 19 Mar, 2006 12:00am
American credit market outlook

American credit market outlook

Average investment-grade credit default swap spreads on Friday traded at their tightest levels since the creation of the benchmark credit derivatives index three years ago as investors closed out short positions ahead of the index's roll on Monday.
Published 19 Mar, 2006 12:00am
US stocks gain as industrials rally

US stocks gain as industrials rally

US stocks rose on Friday, capping a week of solid gains, as investors bought shares of industrial companies like Caterpillar Inc and United Technologies Corp after a government report signalled strength in the sector.
Published 19 Mar, 2006 12:00am
IMM speculators double net long euro position: CFTC

IMM speculators double net long euro position: CFTC

International Monetary Market speculators doubled their net long euro position in the week ended March 14, data released on Friday showed, but they may be reluctant to extend their positions much further.
Published 19 Mar, 2006 12:00am
Dollar gets battered but 'Armageddon' not here yet

Dollar gets battered but 'Armageddon' not here yet

The dollar has experienced bouts of selling in recent months and emerged the stronger, but a host of factors conspiring against the greenback suggest the extent of this week's sell-off may be different.
Published 19 Mar, 2006 12:00am
ADB loan to Bangladesh to boost capital market

ADB loan to Bangladesh to boost capital market

The Asian Development Bank (ADB) said it would loan Bangladesh $3 million to improve the country's capital market. The funds would be used to ensure good governance practices in the financial and insurance sectors, the Manila-based bank said in a statemen
Published 19 Mar, 2006 12:00am
Forex market views, key levels

Forex market views, key levels

Following is a selection of comments from analysts on important technical developments in the foreign exchange market:
Published 19 Mar, 2006 12:00am
Rising yuan not linked to Hu's US trip

Rising yuan not linked to Hu's US trip

Chinese President Hu Jintao's planned visit to the United States next month is not determining the quickening appreciation of the yuan, Wu Xiaoling, a deputy governor of the People's Bank of China, said on Saturday.
Published 19 Mar, 2006 12:00am
Dravid captain till World Cup

Dravid captain till World Cup

Rahul Dravid will remain as India's captain until next year's World Cup in the West Indies, national selectors announced here on Saturday. Dravid, 33, has led his team to one-day series victories against Sri Lanka at home and in Pakistan since taking over
Published 19 Mar, 2006 12:00am
Debutant Clark leads Australia to victory

Debutant Clark leads Australia to victory

Debutant Stuart Clark helped Australia record a seven-wicket win over South Africa after tea on the third day of the first Test on Saturday.
Published 19 Mar, 2006 12:00am
Sharapova, Dementieva in Indian Wells final

Sharapova, Dementieva in Indian Wells final

Elena Dementieva toppled top-seeded Justine Henin-Hardenne and Maria Sharapova sent Martina Hingis home to set up an all-Russian women's final at the Pacific Life Open on Friday.
Published 19 Mar, 2006 12:00am
Glover stays out of trouble

Glover stays out of trouble

Lucas Glover, who earned his first PGA Tour victory at nearby Disney World last October, is the leader after the second round of the PGA Bay Hill Invitational on Friday.
Published 19 Mar, 2006 12:00am
New Zealand in charge of Test

New Zealand in charge of Test

A 165-run second wicket partnership between captain Stephen Fleming and rookie Peter Fulton put New Zealand firmly in control of the second cricket Test against the West Indies here Saturday.
Published 19 Mar, 2006 12:00am
Strauss boosts England with century in third test

Strauss boosts England with century in third test

Andrew Strauss returned to form with an elegant century as England made the most of India's surprise decision of electing to field first in the third and final Test here on Saturday.
Published 19 Mar, 2006 12:00am
Sri Lanka revise Pakistan schedule due to rain

Sri Lanka revise Pakistan schedule due to rain

Sri Lanka and Pakistan have agreed on a revised schedule for their ongoing series after a tropical downpour washed out the opening one-day international on Friday night.
Published 19 Mar, 2006 12:00am
Iran frees leading dissident

Iran frees leading dissident

Iran's most prominent political dissident, Akbar Ganji, has been released after six years in prison for criticising some of the most powerful figures in the Islamic Republic, his lawyer said on Saturday.
Published 19 Mar, 2006 12:00am
Hamas completes formation of cabinet

Hamas completes formation of cabinet

The Islamist militant group Hamas completed forming a Palestinian cabinet on Saturday and expects President Mahmoud Abbas to approve it even though moderate factions have refused to join.
Published 19 Mar, 2006 12:00am
Australia, US and Japan express concern over Iran

Australia, US and Japan express concern over Iran

The United States, Australia and Japan on Saturday expressed serious concern over Iran's uranium enrichment programme during the inaugural session of trilateral security talks here.
Published 19 Mar, 2006 12:00am
Thousands rally to bid Milosevic farewell

Thousands rally to bid Milosevic farewell

Tens of thousands of Serbs rallied to pay last respects to Slobodan Milosevic on Saturday, hailing as a hero the man who presided over years of bloodshed and was ousted by his own people.
Published 19 Mar, 2006 12:00am
Karamat seeks US package for Pakistan and India

Karamat seeks US package for Pakistan and India

Stating that "this is not the time for an imbalance in the South Asian region," Ambassador Jehangir Karamat on Saturday pleaded "there should be a package for both countries, and not country-specific deals on a subject as critical as nuclear technology."
Published 19 Mar, 2006 12:00am
Tanvir Mahmood assumes PAF command

Tanvir Mahmood assumes PAF command

Air Chief Marshal Kaleem Saadat, NI (M) handed over the command of Pakistan Air Force to Air Chief Marshal Tanvir Mahmood Ahmed, HI (M), S Bt in a dignified ceremony held at Air Headquarters on Saturday.
Published 19 Mar, 2006 12:00am
Chinese team calls on General Shafaat

Chinese team calls on General Shafaat

Major General Tang Wannian, Commandant, University of Science and Technology People's Liberation Army China heading a six-member delegation visited the Corps Headquarters and called on Corps Commander Lieutenant General Shafaat Ullah Shah in his office he
Published 19 Mar, 2006 12:00am
First-ever adult literacy centre in NIHD established

First-ever adult literacy centre in NIHD established

The National Commission for Human Development (NCHD) has set up first ever adult literacy centre for paraplegic women in National Institute for Handicapped (NIHD) to impart basic education to the effected women of earthquake regions.
Published 19 Mar, 2006 12:00am
Old account numbers of HBL changed

Old account numbers of HBL changed

The old account numbers of Habib Bank Limited (HBL) have been changed with new 14 digits under a new "MISYS" banking software. Mrs Zahida Butt, assistant vice-president and chief manager, HBL, Muslim Town, highlighting the distinctive features of new acco
Published 19 Mar, 2006 12:00am
'Plan prepared to end 'Tat culture' from schools'

'Plan prepared to end 'Tat culture' from schools'

Punjab Industries, Investment and Commerce Minister Muhammad Ajmal Cheema has said the government has prepared a well-knitted plan for annihilation of "Tat Culture" system from the educational institutions of the province.
Published 19 Mar, 2006 12:00am
Data Gunj Bakhsh's Urs

Data Gunj Bakhsh's Urs

Punjab Governor Lieutenant General (Retd) Khalid Maqbool will inaugurate the annual urs of Hazrat Data Gunj Bakhsh by lying floral wreath on the mazar of the great sufi saint on Sunday after Isha prayers.
Published 19 Mar, 2006 12:00am
Poor result of MA engineering brought to chief minister's notice

Poor result of MA engineering brought to chief minister's notice

Punjab Industries and Investment Minister Muhammad Ajmal Cheema has said that issue of poor result of MA (Eng) would be brought to the notice of Punjab Chief Minister Chaudhry Pervaiz Elahi as well as it would be discussed with the Punjab education minist
Published 19 Mar, 2006 12:00am
Rally condemns US occupation of Iraq

Rally condemns US occupation of Iraq

Progressive Youth Front organised an anti-war rally and staged a demonstration against United States on completion of third year of its occupation in Iraq.
Published 19 Mar, 2006 12:00am
Seminar on vegetable exports from March 21

Seminar on vegetable exports from March 21

Pakistan Horticultural Foundation has announced a conference on "Streamlining the production and exports of vegetable crops" from March 21 to 22 at National Agricultural Research Centre (Narc) here.
Published 19 Mar, 2006 12:00am
Erra jurisdiction in quake-hit areas extended

Erra jurisdiction in quake-hit areas extended

A high level meeting held here on Saturday decided to extend the jurisdiction of the Earthquake Reconstruction and Rehabilitation Authority (Erra) in the quake-hit areas to start the reconstruction phase in Azad Kashmir.
Published 19 Mar, 2006 12:00am
Pessi hospitals to have modern facilities

Pessi hospitals to have modern facilities

Punjab Employees Social Security Institutions (Pessi) Commissioner Syed Tahir Raza Naqvi has said the Punjab government was taking far-reaching steps to extend the health facilities from 1,400 beds to 3,500 beds in Social Security hospitals along with the
Published 19 Mar, 2006 12:00am
UAF centenary celebrations end

UAF centenary celebrations end

The three-day centenary celebrations of the University of Agriculture, Faisalabad (UAF), concluded here on Friday night. The participants of the celebrations visited the flower exhibition, besides attending a poetic sitting and a variety programme in Iqba
Published 19 Mar, 2006 12:00am
CDGM approves Rs 3,219 million surplus budget

CDGM approves Rs 3,219 million surplus budget

City District Government Multan (CDGM) has approved a surplus budget of Rs 3,219 million for the year 2005-06. With development outlay of Rs 850 million, Rs 87.5 million for education, Rs 87 million for health.
Published 19 Mar, 2006 12:00am
Slovenia's secret: why it leads the euro race

Slovenia's secret: why it leads the euro race

Slovenia was long the butt of jokes made by its Yugoslav neighbours about its small size and orderly ways. And George W. Bush once publicly mistook its prime minister for the leader of Slovakia.
Published 19 Mar, 2006 12:00am
Sporting activities

Sporting activities

I would like to draw the attention of all concerned to do something about the menace of playgrounds being converted into buildings. The land mafia, now operating in all major cities and towns, has become so greedy that they are grabbing land left, right a
Published 19 Mar, 2006 12:00am
Removal of banners

Removal of banners

I agree with the letter appearing in the Business Recorder of 11th March about removal of banners in Karachi, which is correct. A lot of persons have displayed their banners throughout the city which do not look good for the viewers as well as they
Published 19 Mar, 2006 12:00am
Standard Chartered Modaraba

Standard Chartered Modaraba

Standard Chartered Modaraba originally was Grindlays Modaraba. Then it was under the tutelage of the Grindlays Bank. When it passed on to the Chartered Bank, its name changed to Standard Chartered Modaraba. The business, under the changed name, remained t
Published 19 Mar, 2006 12:00am
Brazil's thirst for energy to flood Amazon habitats

Brazil's thirst for energy to flood Amazon habitats

Brazil's plans to dam two rivers in the Amazon basin to generate power threaten a treasure trove of animals and plants in a region with one of the world's richest arrays of wildlife, environmentalists say.
Published 19 Mar, 2006 12:00am
Arab States and South Asia connection

Arab States and South Asia connection

The recent visits by leaders of Saudi Arabia and UAE to Pakistan and the signing of various agreements are indicative of the growing Gulf-South Asia connection. Both countries are members of the six-nation Gulf Co-operation Council (GCC) and view South As
Published 19 Mar, 2006 12:00am
The Consumer Rights Day

The Consumer Rights Day

The World Consumer Rights Day, initially observed on March 15, 1983, was internationally celebrated this year with 'Energy: Sustainable access for all', as the theme of the day is to promote eight basic rights of consumers, namely, right to safety, inform
Published 19 Mar, 2006 12:00am
Taxing real estate trade

Taxing real estate trade

After failing to obtain relevant data from the local agents of Pakistani citizens who have made huge investments in Dubai's real estate sector, the Central Board of Revenue has decided to approach the UAE government for help in collecting the desired info
Published 19 Mar, 2006 12:00am
Bodies formed to draw uplift plans for next financial year

Bodies formed to draw uplift plans for next financial year

City District Government Karachi on Saturday decided to set up different committees to draw proposals for new development projects for the fiscal year 2006-07 so that the ongoing project are made connected parts of new schemes.
Published 19 Mar, 2006 12:00am
SAI urged to form body for widening tax net

SAI urged to form body for widening tax net

Chairman, Central Board of Revenue (CBR), Abdullah Yousuf has said that the government's first priority is to provide relief to general public by controlling prices of petroleum products, food items and control rent.
Published 19 Mar, 2006 12:00am