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Print - 2006-05-17
Thai share prices tumble

Thai share prices tumble

Thai share prices closed 0.54 percent lower on Tuesday in line with other regional markets amid worries about the impact of oil prices on the global economy, dealers said.
Published 17 May, 2006 12:00am
Nikkei falls for sixth session

Nikkei falls for sixth session

The Nikkei average slid 1.99 percent on Tuesday, extending losses into a sixth session, as a fall in commodities prices prompted heavy selling of Sumitomo Metal Mining Co and other energy and resources-related shares.
Published 17 May, 2006 12:00am
Chinese stocks slump

Chinese stocks slump

Chinese shares closed down 3.05 percent on Tuesday, a day after scaling nearly two-year highs, as investors sold shares in metals companies due to falling global prices for copper and aluminium.
Published 17 May, 2006 12:00am
Singapore shares sag

Singapore shares sag

Singapore share prices closed 0.83 percent lower on Tuesday as investors concerned over rising interest rates continued to lock in profits, dealers said.
Published 17 May, 2006 12:00am
Bangladesh interbank forex, interest rates

Bangladesh interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Tuesday. 69.24/69.30 (previous 69.30/69.49). Call Money Rates: 9.00-20.00 percent (previous 9.00-22.00 percent).
Published 17 May, 2006 12:00am
Swiss franc flat against euro

Swiss franc flat against euro

The Swiss franc traded within sight of multi-months highs against the euro on Tuesday, with foreign exchange markets widely expecting the franc to strengthen further against the single currency.
Published 17 May, 2006 12:00am
Chinese yuan unchanged

Chinese yuan unchanged

China's yuan ended unchanged on Tuesday above 8.0000 per dollar, one day after strengthening beyond that psychologically important barrier for the first time since its revaluation last July.
Published 17 May, 2006 12:00am
Indian rupee hits fresh six-month low

Indian rupee hits fresh six-month low

The Indian rupee hit a fresh 6-month trough against the dollar on Tuesday but ended off the day's low after a recovery in local shares and a suspected touch of central bank intervention to curb its losses.
Published 17 May, 2006 12:00am
Dollar slides as gold prices recover

Dollar slides as gold prices recover

The yen rose on Tuesday as dollar short covering eased on a recovery in the price of gold and other commodities, and as investors awaited economic data for clues about when the Federal Reserve will stop raising interest rates.
Published 17 May, 2006 12:00am
Dollar gains broadly

Dollar gains broadly

The dollar gained broadly on Monday, staging its largest one-day rally versus the euro in a month, as a sharp fall in gold and other commodity prices gave the greenback some respite from its relentless bear trend.
Published 17 May, 2006 12:00am
Asian currencies: sell-off in rupiah

Asian currencies: sell-off in rupiah

The Indonesian rupiah slid more than 3 percent on Tuesday for the second straight day, leading a drop in Asian currencies as foreign investors pulled out of local stocks and bonds in a sign of decreasing risk appetite.
Published 17 May, 2006 12:00am
Hong Kong dollar steady

Hong Kong dollar steady

The Hong Kong dollar was trapped in a narrow range on Tuesday in cautious trade as the stock market remained under selling pressure. The currency was trading at 7.7532/33 to the US dollar, little changed from Monday's close of 7.7531/33.
Published 17 May, 2006 12:00am
Jayawardene moves up in the LG ICC Test players rankings

Jayawardene moves up in the LG ICC Test players rankings

Sri Lanka acting captain Mahela Jayawardene's superb rearguard action that helped to draw the first Test against England at Lord's has earned him a reward in the LG ICC Player Rankings for Test batsmen.
Published 17 May, 2006 12:00am
Murray masters conditions to eliminate Monfils

Murray masters conditions to eliminate Monfils

Britain's Andy Murray scored his best win for several weeks when he beat Gael Monfils of France in a battle between two 19-year-olds tipped as Grand Slam winners of the future.
Published 17 May, 2006 12:00am
Flintoff upbeat despite shock draw

Flintoff upbeat despite shock draw

England captain Andrew Flintoff insisted there was "no doom and gloom" in the camp after nine dropped catches helped Sri Lanka achieve one of cricket's great escapes in the first Test.
Published 17 May, 2006 12:00am
Shoaib Akhtar on track for England tour

Shoaib Akhtar on track for England tour

Pakistan paceman Shoaib Akhtar Tuesday said he was gearing up for a duel against English fast bowlers after overcoming fitness problems. Akhtar, who underwent twin knee operations in February, faces a fitness test in 10 days to determine his availability
Published 17 May, 2006 12:00am
I'm no extremist, says new Comoros president

I'm no extremist, says new Comoros president

The new president of the Comoros islands denied on Tuesday he was an extremist who would promote Shariah law and antagonise the West. Ahmed Abdullah Mohamed Sambi, who won Sunday's election, said his priority was fighting poverty on the Indian Ocean archi
Published 17 May, 2006 12:00am
French smear scandal claims second EADS casualty

French smear scandal claims second EADS casualty

A second official at European aerospace and defence company EADS implicated in a smear scandal engulfing the French government has stepped down from his duties at the company.
Published 17 May, 2006 12:00am
Gamal Mubarak on mission to reduce tension: analysts

Gamal Mubarak on mission to reduce tension: analysts

A visit to the White House by the politician son of Egyptian President Hosni Mubarak indicates that the Egyptian government and the Bush administration both want to reduce tension over recent repression in Egypt.
Published 17 May, 2006 12:00am
Prodi finally on verge of gaining power

Prodi finally on verge of gaining power

Italy's president met political leaders on Tuesday before he was due to ask Romano Prodi to form a government to end more than a month of political limbo since the centre left narrowly won a national election.
Published 17 May, 2006 12:00am
Thai courts step up pressure to end political crisis

Thai courts step up pressure to end political crisis

Thailand's top judges, given the arduous job of ending a complex political and constitutional crisis after an abortive April general election, demanded on Tuesday the Election Commission resign.
Published 17 May, 2006 12:00am
Militia attack kills 2, endangers Somalia truce

Militia attack kills 2, endangers Somalia truce

A truce in Somalia's worst violence in a decade was in danger of collapse on Tuesday after gunmen ambushed a prominent warlord and killed at least two of his men.
Published 17 May, 2006 12:00am
Villepin blasts censure bid in French scandal

Villepin blasts censure bid in French scandal

French Prime Minister Dominique de Villepin accused the left-wing opposition on Tuesday of stoking unfounded rumours in a dirty tricks scandal by calling for a parliamentary censure vote that it could not possibly win.
Published 17 May, 2006 12:00am
Bush and Howard meet on global security

Bush and Howard meet on global security

US President George W. Bush met at the White House Tuesday with Australian Prime Minister John Howard for talks focusing on international security, the war on terror, and developments in Iraq.
Published 17 May, 2006 12:00am
Canada and others interested in US climate pact

Canada and others interested in US climate pact

Countries including Canada are expressing interest in a US-led six-nation scheme to combat global warming set up after Washington rejected the UN's Kyoto Protocol, a US official said on Tuesday.
Published 17 May, 2006 12:00am
Nepalis protest delay in curbing king's powers

Nepalis protest delay in curbing king's powers

Hundreds of Nepalis took to the streets of the capital on Tuesday, burning tyres, uprooting pavement barriers and blocking roads as they protested against a delay in plans to curtail the king's powers.
Published 17 May, 2006 12:00am
EU powers to offer Iran reactor for nuclear deal

EU powers to offer Iran reactor for nuclear deal

The EU's three biggest powers plan to offer Iran a light-water nuclear reactor as part of a package of incentives if Tehran agrees to freeze its uranium enrichment programme, EU diplomats said on Tuesday.
Published 17 May, 2006 12:00am
Afghanistan launches plan for 'lost generation'

Afghanistan launches plan for 'lost generation'

The Afghan government unveiled an ambitious plan Tuesday for a "generation that lost its childhood," vowing to help those forced by war and poverty into militias, early marriage or onto the streets.
Published 17 May, 2006 12:00am
Four killed in Afghanistan airstrike

Four killed in Afghanistan airstrike

Coalition forces have killed four "extremists" in an airstrike on a suspected militant hideout in south-eastern Afghanistan, the US military said Tuesday. There were no injuries or damage to civilians or property during Monday's strike in Uruzgan province
Published 17 May, 2006 12:00am
Uganda swears in multi-party parliament in 20 years

Uganda swears in multi-party parliament in 20 years

Lawmakers in Uganda's first multi-party parliament in two decades took their oaths of office on Tuesday after being elected in February following the repeal of a ban on political pluralism.
Published 17 May, 2006 12:00am
US to release video of Pentagon attack

US to release video of Pentagon attack

The US government has agreed to release video film Tuesday showing a hijacked jetliner strike the Pentagon on September 11, 2001. Taken by surveillance cameras in the Pentagon parking lot, the images have been the subject of lawsuits prompted in part by c
Published 17 May, 2006 12:00am
South Korea indicts Hyundai Motor chairman

South Korea indicts Hyundai Motor chairman

South Korea indicted the chairman of Hyundai Motor on charges of embezzling company funds, part a drive to crack down on allegedly shady business practices at family-run chaebol conglomerates.
Published 17 May, 2006 12:00am
Saudi king plans risk-free fund for small investors

Saudi king plans risk-free fund for small investors

Saudi Arabia's King Abdullah said the wealthy Gulf Arab kingdom plans a risk-free fund for ordinary Saudis to trade on the bourse after a recent crash impoverished hundreds of thousands of citizens.
Published 17 May, 2006 12:00am
Saudi king plans risk-free fund for small investors

Saudi king plans risk-free fund for small investors

Saudi Arabia's King Abdullah said the wealthy Gulf Arab kingdom plans a risk-free fund for ordinary Saudis to trade on the bourse after a recent crash impoverished hundreds of thousands of citizens.
Published 17 May, 2006 12:00am
Strong quake off Sumatra

Strong quake off Sumatra

A strong earthquake struck off the west coast of Indonesia's Sumatra island on Tuesday, the US Geological Survey said, but there was no risk of a major tsunami. The magnitude 6.8 quake struck 270 km (165 miles) south-west of Sibolga.
Published 17 May, 2006 12:00am
Toll in Sao Paulo violence soars to 133

Toll in Sao Paulo violence soars to 133

Gang violence rocking Brazil's Sao Paulo state since Friday has claimed a total of 133 lives, authorities said Tuesday. The new toll came after police tallied 18 inmates killed in the prison rioting that ended Monday, added to a new total of 115 people ki
Published 17 May, 2006 12:00am
Security Council presses Sudan on UN Darfur force

Security Council presses Sudan on UN Darfur force

The Security Council on Tuesday pressed Sudan's reluctant government to let UN military experts into Darfur within a week to plan for a UN peacekeeping force to move into the region later this year.
Published 17 May, 2006 12:00am
Denmark offers aid to Palestinians

Denmark offers aid to Palestinians

Denmark said Tuesday it would give seven million kroner (1.2 million dollars, 940,000 euros) in emergency humanitarian aid to the UN agency for Palestinian refugees to help ease the financial crisis brought on by the international boycott of the Hamas gov
Published 17 May, 2006 12:00am
Sterling up against dollar

Sterling up against dollar

Sterling rose against the dollar on Tuesday after disappointing US data, while it ticked down versus the euro, shrugging off UK inflation data and a survey showing a rebound in house price growth in England and Wales.
Published 17 May, 2006 12:00am
Dollar ticks lower in London

Dollar ticks lower in London

The dollar ticked lower against the euro and the yen on Tuesday, ahead of US economic data and speeches from Federal Reserve policymakers that could shed light on whether US interest rates are near a peak.
Published 17 May, 2006 12:00am
Weakness prevails in bond market

Weakness prevails in bond market

European corporate bonds fell on Tuesday, extending recent losses as concern over inflation and declining equities dampened investor appetite for credit.
Published 17 May, 2006 12:00am
Weakness prevails in bond market

Weakness prevails in bond market

European corporate bonds fell on Tuesday, extending recent losses as concern over inflation and declining equities dampened investor appetite for credit.
Published 17 May, 2006 12:00am
US Stocks: Tuesday's unofficial close

US Stocks: Tuesday's unofficial close

US blue chip stocks inched higher on Tuesday, buoyed by Boeing Co shares a day after the US defence contractor agreed to settle a government probe, while weak sales from office supply retailer Staples drove down its stock and dragged on the Nasdaq.
Published 17 May, 2006 12:00am
Seoul shares fall

Seoul shares fall

Seoul shares nearly wiped out their 2006 gains on Tuesday, with foreigners leading a sell-off of steel makers such as POSCO after a drop in commodity prices raised worries of slower global demand for products such as steel or zinc.
Published 17 May, 2006 12:00am
UK's top share index rises

UK's top share index rises

Britain's top shares closed slightly higher on Tuesday, stemming a steep four-day sell-off, but cruise operator Carnival tumbled after it reduced its earnings outlook.
Published 17 May, 2006 12:00am
Farmers protest against Brasilia government

Farmers protest against Brasilia government

Brazil's farm sector, which accounts for 40 percent of trade revenues, protested in the national capital Brasilia on Tuesday and demanded more government aid to weather its current crisis.
Published 17 May, 2006 12:00am
European Parliament approves new food-labelling laws

European Parliament approves new food-labelling laws

Food and drink makers in the European Union using phrases such as "low fat", "high energy" or "low alcohol" on products will have to use stricter definitions following a vote by EU lawmakers on Tuesday.
Published 17 May, 2006 12:00am
Oil prices rebound $1 after sell-off

Oil prices rebound $1 after sell-off

Oil prices jumped more than a dollar on Tuesday, rebounding from Monday's steep sell-off in energy and commodities from record or near-record highs.
Published 17 May, 2006 12:00am
French wheat exports down

French wheat exports down

French soft wheat exports fell 3 percent year-on-year in the first nine months of the July-June season to 11.38 million tonnes from 11.72 million in the same period last season, official customs figures showed on Tuesday.
Published 17 May, 2006 12:00am
New York cotton settles lower

New York cotton settles lower

Cotton futures closed slightly softer Tuesday on sales by small speculators in quiet business with most players waiting for the release later this week of the average world price (AWP) of cotton to give direction to the market, analysts said.
Published 17 May, 2006 12:00am
Metals end higher

Metals end higher

London Metal Exchange (LME) prices closed higher on Tuesday, reversing direction after early losses, but the recent pattern of nerve-jarring volatility may persist, analysts said.
Published 17 May, 2006 12:00am
London sugar down

London sugar down

London white sugar futures closed lower on speculative profit-taking on Tuesday, and traders said further falls could trigger renewed physical buying.
Published 17 May, 2006 12:00am
Gold rallies in Europe

Gold rallies in Europe

Gold bounced from one-week lows in Europe on Tuesday after support around $675.00 an ounce held and as a weaker dollar encouraged buyers back into a market battered by Monday's heavy price fall, traders said.
Published 17 May, 2006 12:00am
US MIDDAY: cocoa advances

US MIDDAY: cocoa advances

US cocoa futures settled in positive territory Tuesday, bolstered by speculators buying into arbitrage selling amid a sliding dollar, traders said.
Published 17 May, 2006 12:00am
US MIDDAY: coffee up

US MIDDAY: coffee up

Arabica coffee futures finished up nearly 1 percent Tuesday, boosted by light fund buying and speculative short-covering in the wake of three straight days of sharp price declines, traders said.
Published 17 May, 2006 12:00am
US MIDDAY: sugar down

US MIDDAY: sugar down

Raw sugar futures finished lower Tuesday on speculative fund sales but trade and consumer buying cut short their losses which may allow the market to consolidate in the days ahead, brokers said.
Published 17 May, 2006 12:00am
US MIDDAY: corn dips

US MIDDAY: corn dips

The Chicago Board of Trade corn market fell early on Tuesday, in a mild setback from the recent rally to a 10-month high, traders said.
Published 17 May, 2006 12:00am
US MIDDAY: wheat soars

US MIDDAY: wheat soars

Wheat futures on the Chicago Board of Trade were higher at midsession on Tuesday, rallying from a choppy start on news that Iraq tendered for 1.5 million tonnes of wheat, traders said.
Published 17 May, 2006 12:00am
US MIDDAY: copper rises

US MIDDAY: copper rises

COMEX copper futures were slightly higher in volatile early business on Tuesday, with the market receiving support from a weaker dollar and a US economic report that showed a benign core inflation reading for April, sources said.
Published 17 May, 2006 12:00am
US MIDDAY: soya slips

US MIDDAY: soya slips

Soyabean futures at the Chicago Board of Trade were weak early Tuesday on follow-through technical selling from Monday, traders said. The market fell 5 to 6 cents per bushel on the open, with the July contract slipping below $6. July soya found support at
Published 17 May, 2006 12:00am
US MIDDAY: gold and silver rebound

US MIDDAY: gold and silver rebound

US precious metals bounced on bargain hunting and currency-based buying early on Tuesday, though dealings stayed a bit thin after a dramatic one-day profit-taking correction from recent multiyear peaks.
Published 17 May, 2006 12:00am
Key medical unit in quake zone needs financial help

Key medical unit in quake zone needs financial help

Immediate financial assistance is required to keep a key pediatric unit running at the main hospital in the quake-hit Battagram district of NWFP, said Pakistan Pediatric Association (PPA) officials on Tuesday.
Published 17 May, 2006 12:00am
Concepts of 'assessment' and 'determination' of sales tax-II

Concepts of 'assessment' and 'determination' of sales tax-II

Mechanism of Recovery: The tax should be an identified or ascertained amount on the basis of assessment by a tax official or by the assessee. Recovery proceedings get underway in relation to a subsisting assessment under the law. Recovery follows a
Published 17 May, 2006 12:00am
Past mistakes

Past mistakes

Both Ms Benazir and Nawaz Sharif have admitted that they made mistakes in the past and they will not repeat it again, if they get power through the democratic process. I want to know how the nation will recover the 10-year losses due to their mistakes?
Published 17 May, 2006 12:00am
Big hotels for Quetta

Big hotels for Quetta

This is with reference to different news items published in the dailies regarding new 5-star hotels coming up in Lahore and Karachi soon. I want to bring the attention of the government officials and investors to look at Quetta.
Published 17 May, 2006 12:00am
Musharraf on corruption

Musharraf on corruption

While addressing the convocation of the University of Veterinary and Animal Sciences (UVAS), President Musharraf very rightly pinpointed corruption and nepotism as the two evils, which is the root cause of all the problems confronting Pakistan.
Published 17 May, 2006 12:00am
Roadmap of financial sector of the country

Roadmap of financial sector of the country

The financial system in Pakistan has grown substantially, benefiting from multi-pronged financial reforms. These reforms have been pursued persistently and vigorously over a decade or so and have supported economic growth.
Published 17 May, 2006 12:00am
Threat of slavery in a free world!

Threat of slavery in a free world!

According to a news agency report from Paris, as France observed the first national day to commemorate the end of this dark chapter of history more than 150 years ago, the occasion was spoiled by fresh questions over the country's colonial legacy.
Published 17 May, 2006 12:00am
The burgeoning trade deficit

The burgeoning trade deficit

The foreign trade situation of the country seems to be deteriorating every month. According to the latest data released by the Federal Bureau of Statistics (FBS) on 12th May, 2006, Pakistan's trade deficit widened by 93.65 percent to 9.427 billion dollars
Published 17 May, 2006 12:00am
Wheat procurement process in full swing

Wheat procurement process in full swing

The wheat procurement process is in full swing in Sialkot and Narowal districts and it is expected that as many as 720,000 wheat bags would be purchased from growers in the two districts.
Published 17 May, 2006 12:00am
US becomes largest market for Pakistani bedwear

US becomes largest market for Pakistani bedwear

United States instead of Europe has now become the largest market for Pakistani bedwear. Pakistan Bedwear Exporters Association Chairman, Shabbir Ahmad told a private TV channel that the exports to the European Union fell in the wake of anti-dumping duty,
Published 17 May, 2006 12:00am
Two new trades added at Daultala vocational institute

Two new trades added at Daultala vocational institute

Punjab Vocational Training Council (PVTC) Chairman Sikandar Mustafa Khan has approved further expansion of Vocational Training Institute (VTI) of Daultala near Gujar Khan, Rawalpindi district by adding two more trades for trainees.
Published 17 May, 2006 12:00am
Qualified people to operate FM Radio and TV channels: Pemra

Qualified people to operate FM Radio and TV channels: Pemra

A meeting of FM Radio stations and Satellite TV channels' managements on content policy was held here on Tuesday at the Pemra regional office. It was mutually agreed that moral and cultural values of Pakistan needed to uphold, and in order to achieve that
Published 17 May, 2006 12:00am
Paddy to be sown over 4.2 million acres of land

Paddy to be sown over 4.2 million acres of land

Over 4.2 million acres of land would be brought under paddy crop during Kharif season this year in various rice growing areas of Punjab, official sources in Agriculture department told Business Recorder on Tuesday.
Published 17 May, 2006 12:00am
French MPs call on Musharraf

French MPs call on Musharraf

President General Pervez Musharraf on Tuesday said that Pakistan attached great value to relations with France and held its leadership in high esteem.
Published 17 May, 2006 12:00am
National Assembly body takes up Railway Golf Club lease issue today

National Assembly body takes up Railway Golf Club lease issue today

The National Assembly body will take up the leasing out of Railways Golf Club at through away prices on Wednesday in Lahore. The Standing Committee on Railways is scheduled to meet in Pakistan Railway Headquarter, Lahore, with MNA Sardar Tufail Ahmed in t
Published 17 May, 2006 12:00am
Special funds for legislators discussed

Special funds for legislators discussed

The special funds of Rs 5 million given to every MNA and Senator came up for heated discussion during the Question Hour in the Senate on Tuesday. While a Senator from opposition termed this a bribe, some others from the treasury regarded it essential for
Published 17 May, 2006 12:00am
Women playing important role at all levels: minister

Women playing important role at all levels: minister

The government of President General Pervez Musharraf has given the women for the first time representation at grass-roots level and at National Assembly and the Senate. This was stated by the Federal Minister for Local Government and Rural Development, fo
Published 17 May, 2006 12:00am
Research for public health policy stressed

Research for public health policy stressed

Country exposed to major problems of health care needs to initiate serious and relevant research studies on regular basis to help formulate pragmatic public health policy.
Published 17 May, 2006 12:00am
Pak-Iran ferry service talks from June 11

Pak-Iran ferry service talks from June 11

Pakistan and Iran are expected to take up the matter of launching a ferry service between the two countries on June 11-12. The much-awaited ferry service would link Gwadar port with Iran's Chahbabar port.
Published 17 May, 2006 12:00am
Bourses attract $354.6 million investments in 10 months

Bourses attract $354.6 million investments in 10 months

Foreign investments in Pakistan stock markets during the 10 months of the current fiscal year amounted to $354.6 million. US with $296.1 million of investments topped the list among the countries investing in Pakistani stock markets.
Published 17 May, 2006 12:00am
Rs 2 billion plan to improve lot of Chawinda people

Rs 2 billion plan to improve lot of Chawinda people

A multi-dimensional plan, costing over two billion rupees, has been initiated to weed out the backwardness and to provide basic facilities to the people of Chawinda of Sialkot district.
Published 17 May, 2006 12:00am
Quake survivors to get Rs 20 billion by June 30: Erra chief

Quake survivors to get Rs 20 billion by June 30: Erra chief

A total of Rs 20 billion will be distributed among the survivors of October 8th devastating earthquake for construction of houses in AJK and NWFP, by June 30th, Chairman of the Earthquake Reconstruction and Rehabilitation Authority (Erra), Altaf M Saleem
Published 17 May, 2006 12:00am
Kidney centre to be operational by September

Kidney centre to be operational by September

The NWFP Minister for Health Inayatullah has disclosed that the newly completed Kidneys Diseasess Centre located at Hayatabad Medical Complex Peshawar will be fully operationlised by September this year.
Published 17 May, 2006 12:00am
LHC sets aside verdict

LHC sets aside verdict

The Lahore High Court (LHC), while setting aside the conviction awarded to former MNA Mian Rashid in absentia, remanded the case to an accountability court. The accused was facing a reference and an accountability court had awarded him three years impriso
Published 17 May, 2006 12:00am
NAB to pay cash rewards to informers

NAB to pay cash rewards to informers

The National Accountability Bureau (NAB) has announced to pay cash rewards to those who provide prosecutable information to the Bureau about financial corruption.
Published 17 May, 2006 12:00am
NCRC finalises curriculum for discipline of education

NCRC finalises curriculum for discipline of education

The National Curriculum Revision Committee (NCRC) of the Higher Education Commission (HEC) has finalised the curriculum for the discipline of education being taught at public sector universities and institutions.
Published 17 May, 2006 12:00am
NWFP to provide Rs 101 million for 15 projects in STIT sectors

NWFP to provide Rs 101 million for 15 projects in STIT sectors

The NWFP government agreed in principle to provide Rs 101 million for the 15 projects in the Science Technology and Information Technology (STIT) sectors for the financial year 2006-07 which is double against Rs 55 million of the last financial year.
Published 17 May, 2006 12:00am
AIOU admission test on May 21

AIOU admission test on May 21

The Allama Iqbal Open University (AIOU) will hold entry test for admission for MS/M Phill and Ph.D programmes on Sunday, May 21 at 10:00 am in the University Auditorium in sector H-8 here, says a press release.
Published 17 May, 2006 12:00am
GCU teams win debating contest

GCU teams win debating contest

The Debating Society of GC University Lahore has lifted the 'All Pakistan Parliamentary Style English Debating Championship Trophy' held at the King Edward Medical University (KEMU).
Published 17 May, 2006 12:00am
ICCI proposes reduction in sales tax by 2.5 percent

ICCI proposes reduction in sales tax by 2.5 percent

The Islamabad Chamber of Commerce and Industry (ICCI) has recommended to the government to bring down the Sales Tax by 2.5 percent annually and broaden the tax base to balance the budget.
Published 17 May, 2006 12:00am
ICCI proposes reduction in sales tax by 2.5 percent

ICCI proposes reduction in sales tax by 2.5 percent

The Islamabad Chamber of Commerce and Industry (ICCI) has recommended to the government to bring down the Sales Tax by 2.5 percent annually and broaden the tax base to balance the budget.
Published 17 May, 2006 12:00am
Display hall rent at Expo Centre enhanced

Display hall rent at Expo Centre enhanced

The Council of Gulshan-e-Iqbal Town has, through a resolution, increased the rent of exhibition hall at the Expo Centre and now it will be charged at Rs 5,000 per day. The resolution was adopted at the sixth session of the Gulshan-e-Iqbal Town Council mee
Published 17 May, 2006 12:00am