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Print - 2006-06-06
APTBA and LTBA, hail budget

APTBA and LTBA, hail budget

Lahore Tax Bar Association (LTBA) President, Muhammad Sadiq Chaudhry and Secretary General Muhammad Ajmal Khan have declared the budget 2006-07 a "balanced one" wherein effort has been made to improve the conditions of government servants by increasing th
Published 06 Jun, 2006 12:00am
Recruitment announced in Sindh Police

Recruitment announced in Sindh Police

DIG Training and Inspection Sindh, Mohammad Yamin Khan has announced the recruitment off constables for Sindh Police The intending candidates would have to go through a written test, physical examination and interview.
Published 06 Jun, 2006 12:00am
National Bank quake-proof branch inaugurated

National Bank quake-proof branch inaugurated

An inauguration ceremony was held for opening of NBP's new earthquake-proof branch equipped with modern facilities covering an area of 1,000 square feet for a cost of Rs 3.8 million. The ceremony was graced by the presence of NBP's head of Retail Banking
Published 06 Jun, 2006 12:00am
Haziqul Khairi takes oath as FSC chief justice

Haziqul Khairi takes oath as FSC chief justice

The newly appointed Chief Justice Federal Shariat Court (FSC), Justice Haziqul Khairi took oath of his office on Tuesday in a ceremony held in the ceremonial hall of the Supreme Court Building.
Published 06 Jun, 2006 12:00am
Pesco to open Escrow account

Pesco to open Escrow account

Peshawar Electricity Supply Company (Pesco) on Monday put on the path of privatisation with the decision of the opening of Escrow Account by the board of directors of the company.
Published 06 Jun, 2006 12:00am
Construction of 200 more CNG stations under way

Construction of 200 more CNG stations under way

The construction of 200 more CNG stations is in progress to raise the total number of the stations to 1,135 to reduce the growing pollution level causing serious health issues in the country, said Economic Survey Report 2005-06 released by the federal gov
Published 06 Jun, 2006 12:00am
Urs of Shah Rukn-i-Alam concludes

Urs of Shah Rukn-i-Alam concludes

The 692nd annual urs of the great spiritual saint Hazrat Shah Rukn-i-Alam (RA) concluded here on Monday with special prayers for the integrity, solidarity and prosperity of the country. Thousands of devotees attended the final session.
Published 06 Jun, 2006 12:00am
Nazim vows to improve law & order in Sialkot

Nazim vows to improve law & order in Sialkot

City District Nazim Muhammad Akmal Cheema has vowed that all means and resources would be mobilised for ensuring the supremacy of law and order and pulling the strings of criminals in Sialkot district.
Published 06 Jun, 2006 12:00am
CoD: ARD starts contacts with MMA, other parties

CoD: ARD starts contacts with MMA, other parties

Mansoor Ahmed Khan, Vice President of the Alliance for Restoration of Democracy (ARD), said here on Monday, that "we have started formal contacts with the MMA and other opposition parties to take them into confidence" with regard to the recently signed 'C
Published 06 Jun, 2006 12:00am
PFF team leaves for Germany

PFF team leaves for Germany

Secretary General Pakistan Football Federation (PFF) Arshad Khan Lodhi, Minister for Agriculture and Media Advisor PFF Shahid Qadir on Monday left for Germany to attend the Fifa congress to be held at Munich on June 7.
Published 06 Jun, 2006 12:00am
Bank Alfalah, Lesco sign MoU

Bank Alfalah, Lesco sign MoU

A Memorandum of Understanding (MoU) was signed between Lahore Electric Supply Company (Lesco) and Bank Alfalah, here on Monday, to facilitate the power consumers in making payments of electricity bills.
Published 06 Jun, 2006 12:00am
Rs two billion Sialkot Airport may be operational from August 14

Rs two billion Sialkot Airport may be operational from August 14

Sialkot International Airport, costing rupees two billion, would be operational likely on August 14. According to Airport sources, the country's longest runway, measuring 3.6 kilometres, had been completed, which would provide landing and take off facilit
Published 06 Jun, 2006 12:00am
Reference against Benazir condemned

Reference against Benazir condemned

Pakistan People's Party (PPP) leaders Malik Liaquat Ali Dogar, MNA, Begum Nasim Chaudhry, MNA and Khurshid Ahmed have condemned registering another reference against PPP chairperson Benazir Bhutto and termed it a tactic by frustrated rulers to break the O
Published 06 Jun, 2006 12:00am
Faisalabad Zone: TMS completes profiling of 54,313 taxpayers

Faisalabad Zone: TMS completes profiling of 54,313 taxpayers

Income Tax Department, Faisalabad zone has successfully completed the first phase of Tax Management System (TMS) with the initial profiling of 54,313 taxpayers of this zone, said Abdul Ali Khan, Commissioner Income Tax Faisalabad Zone.
Published 06 Jun, 2006 12:00am
CDGF to shift textile processing, marble units from city

CDGF to shift textile processing, marble units from city

City District Government Faisalabad (CDGF) has decided to shift four types of industries including textile processing, marble finishing units and foundries within a year from the industrial city.
Published 06 Jun, 2006 12:00am
Carl Pettersson captures The Memorial

Carl Pettersson captures The Memorial

Carl Pettersson carded a one-under 71 here on Sunday to complete a comfortable two-shot victory in the PGA Tour's 5.5 million-dollar Memorial tournament.
Published 06 Jun, 2006 12:00am
Jaffers Test hundred spurs Indian comeback

Jaffers Test hundred spurs Indian comeback

Opening batsman Wasim Jaffer ran amok on loose West Indies bowling to hit his second Test hundred and help India claw their way back into the opening Test on Sunday at the Antigua Recreation Ground.
Published 06 Jun, 2006 12:00am
Murali spins out England as Sri Lanka square series

Murali spins out England as Sri Lanka square series

Muttiah Muralitharan took eight wickets, including all of England's top seven, as Sri Lanka won the third and final Test by 134 runs at Trent Bridge here Monday and so levelled the series at 1-1 with more than a day to spare.
Published 06 Jun, 2006 12:00am
Nadal edges closer to French Open repeat

Nadal edges closer to French Open repeat

Rafael Nadal moved to within three wins of defending his French Open crown when he subdued a battling and determined Lleyton Hewitt to reach the quarter-finals at Roland Garros on Monday.
Published 06 Jun, 2006 12:00am
ICAP post-budget briefing today

ICAP post-budget briefing today

The Institute of Chartered Accountants of Pakistan (ICAP) would hold a press conference, discussing the important factors of 2006-07 Federal Budget on Tuesday (May 6) at 3 pm at the ICAP House here. ICAP FCA President S. M. Shabbar Zaidi will address the
Published 06 Jun, 2006 12:00am
Crescent Leasing on 'Rating Watch'

Crescent Leasing on 'Rating Watch'

The JCR-VIS Credit Rating Company Limited (JCR-VIS) has placed the entity ratings of Crescent Leasing Corporation Limited (CLCL) of 'A+/A1' (Single A Plus/A One) and the ratings of AA- (Double A Minus) assigned to its TFC-2 and TFC-3 on 'Rating Watch'.
Published 06 Jun, 2006 12:00am
Crescent Leasing on 'Rating Watch'

Crescent Leasing on 'Rating Watch'

The JCR-VIS Credit Rating Company Limited (JCR-VIS) has placed the entity ratings of Crescent Leasing Corporation Limited (CLCL) of 'A+/A1' (Single A Plus/A One) and the ratings of AA- (Double A Minus) assigned to its TFC-2 and TFC-3 on 'Rating Watch'.
Published 06 Jun, 2006 12:00am
Tripack ratings maintained

Tripack ratings maintained

The Pakistan Credit Rating Agency (Pacra) has maintained both the long-term and the short-term ratings of Tri-Pack Films Limited (TPFL) at "A+" (single A plus) and "A1" (A one), respectively. These ratings denote a low expectation of credit risk emanating
Published 06 Jun, 2006 12:00am
Tripack ratings maintained

Tripack ratings maintained

The Pakistan Credit Rating Agency (Pacra) has maintained both the long-term and the short-term ratings of Tri-Pack Films Limited (TPFL) at "A+" (single A plus) and "A1" (A one), respectively. These ratings denote a low expectation of credit risk emanating
Published 06 Jun, 2006 12:00am
EPA observes world environment day

EPA observes world environment day

Street theaters were organised in five schools of Local Bodies Wing City District Government, Karachi to observe the World Environment Day 2006 by the Environment Protection Agency (EPA).
Published 06 Jun, 2006 12:00am
Sindh NAB recovers Rs 437 million as plea bargain

Sindh NAB recovers Rs 437 million as plea bargain

National Accountability Bureau (NAB) Sindh has recently recovered an amount of Rs 437 million as plea bargain from accused Rasheedullah Yacoob, Ex-Chairman of Prudential Bank Limited in a NAB's reference no 33/2001.
Published 06 Jun, 2006 12:00am
SBP instructions regarding utility bills collection

SBP instructions regarding utility bills collection

The State Bank of Pakistan (SBP) responding to a suo motu action taken by the Supreme Court regarding utility bills collection has notified a set of instructions for the commercial banks collection bills.
Published 06 Jun, 2006 12:00am
UAN of PTDC

UAN of PTDC

Pakistan Tourism Development Corporation (PTDC) has installed a Universal Access Number (111-366-366) for bookings of hotel, motels, transport, tour packages and other tourism related information.
Published 06 Jun, 2006 12:00am
NBP's business policy termed broad-based

NBP's business policy termed broad-based

National Bank of Pakistan President S. Ali Raza said that NBP being the nation's bank in true spectrum is responsive to the challenges of corporate social responsibility. The bank's business policy is broad-based taking care of all sectors of the economy
Published 06 Jun, 2006 12:00am
The Weather

The Weather

The weather report on Monday (June 05, 2006) and the forecast for Tuesday (June 06, 2006).
Published 06 Jun, 2006 12:00am
Seven of a family killed as train hits car

Seven of a family killed as train hits car

Seven persons of a family were killed when 123-Up Sargodha Express hit a car at unmanned level crossing No 14 at Satoiwala about 37 kilometer off here on Sunday night.
Published 06 Jun, 2006 12:00am
New York cotton

New York cotton

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

Published 06 Jun, 2006 12:00am
Rs 12 billion self-employment scheme launched

Rs 12 billion self-employment scheme launched

The government has launched five-year self-employment scheme at a cost of Rs 12 billion. The scheme would provide employment opportunity to 1.8 million people between 18-40 years of age.
Published 06 Jun, 2006 12:00am
New York cotton

New York cotton

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

Published 06 Jun, 2006 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (June 05, 2006).

Published 06 Jun, 2006 12:00am
Mixed response of brokers

Mixed response of brokers

The federal budget announced by the state minister for finance Omer Ayub Khan on Monday received a mixed response of the brokers of Lahore Stock Exchange (LSE).
Published 06 Jun, 2006 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (June 05, 2006).

Published 06 Jun, 2006 12:00am
Rs 239.496 billion aid expected from donor agencies

Rs 239.496 billion aid expected from donor agencies

The government expects to receive financial assistance of about Rs 239.496 billion (including Rs 239.316 billion plan and non-plan development loans) from various countries and donor agencies during the next fiscal year 2006-07 to bridge the incomes and e
Published 06 Jun, 2006 12:00am
Federal government educational institutes to get Rs 2.16 billion

Federal government educational institutes to get Rs 2.16 billion

The government has allocated Rs 2.16 billion for federal government educational institutes in Cantonment and Garrisons, including Rs 1.1 billion for pre-primary, primary and secondary education while Rs 1.15 billion for employees-related expenses.
Published 06 Jun, 2006 12:00am
Digital libraries in all universities established: Atta

Digital libraries in all universities established: Atta

Chairman, Higher Education Commission (HEC), Dr Atta-ur-Rehman on Monday said with 5 million dollar financial support by the United States, digital libraries in almost all the universities of the country had been established.
Published 06 Jun, 2006 12:00am
PPP dismisses charges against Benazir

PPP dismisses charges against Benazir

Central Secretary Information Pakistan Peoples Party (PPP) Sherry Rehman has strongly condemned the military led government's latest attempt to involve Mohtarma Benazir Bhutto in trumped up cases.
Published 06 Jun, 2006 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (June 05, 2006).

Published 06 Jun, 2006 12:00am
Soldier killed in Miranshah

Soldier killed in Miranshah

Pro-Taleban activists killed one soldier and injured another after attacking military posts overnight in Miranshah when around a dozen rockets hit a military post, official sources said on Monday.
Published 06 Jun, 2006 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Monday (June 05, 2006) and for Tuesday (June 06, 2006).
Published 06 Jun, 2006 12:00am
'Environmental degradation threatens reservoirs'

'Environmental degradation threatens reservoirs'

Adviser to prime minister on science and technology Dr Ishfaq Ahmed has warned environmental degradation could cause decline in production rate and imperils water reservoirs of the country.
Published 06 Jun, 2006 12:00am
Scientific disposal of industrial waste directed

Scientific disposal of industrial waste directed

Sindh Chief Secretary Fazlur Rehman has cautioned the concerned departments that there can be no compromise when it is the question of disposal of industrial waste and contamination of water resources.
Published 06 Jun, 2006 12:00am
CDGK to build Sign Tower

CDGK to build Sign Tower

City District Government Karachi (CDGK) is going to build a multi storied sign tower information technology building in the metropolis in collaboration with Astra Net Com and I.J.M. Malaysia.
Published 06 Jun, 2006 12:00am
Goods transporters observe strike

Goods transporters observe strike

Karachi Goods Transporter has observed a strike on Monday, which stop all transportation work for Port Qasim and Karachi Port Trust. According to the details the City Nazim, Syed Mustafa Kamal has imposed restriction on heavy vehicle not to enter the Kara
Published 06 Jun, 2006 12:00am
First case of B-3 poliovirus detected

First case of B-3 poliovirus detected

A dangerous form of poliovirus has entered Pakistan. According to details, anti-polio drive was launched in Pakistan in 1994 and more than one trillion rupees have been spent so far in collaboration with the World Health Organisation.
Published 06 Jun, 2006 12:00am
UK flagship HMS Gloucester arrives

UK flagship HMS Gloucester arrives

UK flagship HMS Gloucester arrived in Karachi on June 3rd as part of a two-day visit to Pakistan. The ship, captained by Commander Mike Paterson, also carried Rear Admiral Neil Morisetti, Commander United Kingdom Maritime Force. Admiral Morisetti is in co
Published 06 Jun, 2006 12:00am
People expresses mixed reaction over budget

People expresses mixed reaction over budget

People hailing from different walks of life have expressed mixed reaction over the federal budget 2006-07, presented by the Minister of State for Finance Omar Ayub Khan in the National Assembly on Monday.
Published 06 Jun, 2006 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (June 05, 2006).

Published 06 Jun, 2006 12:00am
Green Media Awards launched

Green Media Awards launched

Tetra Pak, the world's leading supplier of safe and convenient food processing and packaging, launched "Tetra Pak Green Media Awards" to coincide with the globally celebrated "Environment Day" in a press conference held here, on Monday.
Published 06 Jun, 2006 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 (June 05, 2006).

Published 06 Jun, 2006 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Monday (June 05, 2006).

Published 06 Jun, 2006 12:00am
OGDC, PTCL major contributors of dividend income

OGDC, PTCL major contributors of dividend income

The government expects OGDC and PTCL will contribute as much as 73 percent of the total dividend income to be generated from the state-run companies in the new fiscal year starting July 1.
Published 06 Jun, 2006 12:00am
Business community shows mixed reaction

Business community shows mixed reaction

The business community has shown mixed reaction over the budget announcement and termed it 'investor and masses friendly budget', however, textile and its made-ups exporters and small traders have criticised the same as they see no relief for them.
Published 06 Jun, 2006 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 (June 05, 2006).

Published 06 Jun, 2006 12:00am
Budget strikes on IT sector

Budget strikes on IT sector

The imposition of 15 percent General Sales Tax (GST) on computer hardware would directly hit users and businesses from all segments across the country. The withdrawal of Customs Duty on the import of computer hardware could not be considered as tax relief
Published 06 Jun, 2006 12:00am
Budget strikes on IT sector

Budget strikes on IT sector

The imposition of 15 percent General Sales Tax (GST) on computer hardware would directly hit users and businesses from all segments across the country. The withdrawal of Customs Duty on the import of computer hardware could not be considered as tax relief
Published 06 Jun, 2006 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Monday (June 05, 2006).

Published 06 Jun, 2006 12:00am
Budget strikes on IT sector

Budget strikes on IT sector

The imposition of 15 percent General Sales Tax (GST) on computer hardware would directly hit users and businesses from all segments across the country. The withdrawal of Customs Duty on the import of computer hardware could not be considered as tax relief
Published 06 Jun, 2006 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Monday (June 05, 2006).

Published 06 Jun, 2006 12:00am
Two percent CVT on property receives mixed reaction

Two percent CVT on property receives mixed reaction

The imposition of two percent Capital Value Tax (CVT) on the sale/purchase of property ranging from 500 sq. yards and above has attracted mixed reaction from the concerned circles.
Published 06 Jun, 2006 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Monday (June 05, 2006).

Published 06 Jun, 2006 12:00am
Rs 1.219 billion to be spent on Gwadar related projects

Rs 1.219 billion to be spent on Gwadar related projects

The government will spend Rs 1.219 billion from next year budget for development of Gwadar deep-sea port, including deepening of the channel and construction of road network linking with main highways.
Published 06 Jun, 2006 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Monday (June 05, 2006).

Published 06 Jun, 2006 12:00am
Rs 1.219 billion to be spent on Gwadar related projects

Rs 1.219 billion to be spent on Gwadar related projects

The government will spend Rs 1.219 billion from next year budget for development of Gwadar deep-sea port, including deepening of the channel and construction of road network linking with main highways.
Published 06 Jun, 2006 12:00am
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