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Print - 2006-07-19
Geopolitics to keep oil and gold on the boil: analysts

Geopolitics to keep oil and gold on the boil: analysts

High-flying oil and gold markets are in no danger of a collapse anytime soon, sitting on a bedrock of support fuelled by the Middle East conflict, Iran's nuclear ambitions and global growth, analysts said on Tuesday.
Published 19 Jul, 2006 12:00am
Call to protect children from abuses

Call to protect children from abuses

Experts at Child Rights and Abuse Workshop have stressed the training of the people in recognising child abuses and saving children from various types of abuses.
Published 19 Jul, 2006 12:00am
Judicial probe into Fokker crash demanded

Judicial probe into Fokker crash demanded

An investigation committee of Lahore High Court Bar Association Multan comprising Khalid Ashraf Khan, Mian Adil Mushtaq, Shaikh Naveed Goreja, Khalid Ibne-Aziz, Badar Gilani, Chaudhry Ahmed Nadeem, Muhammad Nadeem Kanju, with three journalists Naveed Anju
Published 19 Jul, 2006 12:00am
Coronary CT scan service at SKMCH

Coronary CT scan service at SKMCH

Shaukat Khanum Memorial Cancer Hospital (SKMCH) has taken another lead in providing 'coronary CT scan service'. Cardiac CT uses the advanced technology with intravenous (IV) contrast to visualise the heart anatomy, coronary circulation and great vessels.
Published 19 Jul, 2006 12:00am
Kenyan envoy for frequent teams visits to boost trade

Kenyan envoy for frequent teams visits to boost trade

Madame Mishi Masika Mwatsahu, High Commissioner of Kenya in Pakistan, has stressed the need for frequent exchange of trade delegations to exploit the opportunities available for the promotion of bilateral trade between Pakistan and Kenya.
Published 19 Jul, 2006 12:00am
Transporters monopoly irks Multan residents

Transporters monopoly irks Multan residents

Monopoly of influential transporters in public transport system had added to the miseries of the commuters and people of Multan demanded a healthy competition between the bus owners and wagon owners to save them from the long wait for the transport.
Published 19 Jul, 2006 12:00am
Technicians training

Technicians training

The government was urged to ensure proper training of professionals attached with its facilities envisaged to be installed with modern gadgets. Speaking at the certificate distribution ceremony of the Institute of Ultra Sound and Imaging here the other da
Published 19 Jul, 2006 12:00am
ILO to set up village education, action clusters in Sialkot

ILO to set up village education, action clusters in Sialkot

International Labour Organisation (ILO) has announced to establish Village Education and Action (VEA) clusters in Sialkot district. The ILO plan, in collaboration with Surgical Instruments Manufacturers Association (SIMA) of Pakistan, is aimed at providin
Published 19 Jul, 2006 12:00am
Steps being taken to facilitate minorities: minister

Steps being taken to facilitate minorities: minister

Pakistan has a very good track record of translating the Islamic values of human rights and religious amity in effective policies, to facilitate the minority communities. This was observed by Punjab Auqaf Minister Syed Saeedul Hassan at a function held to
Published 19 Jul, 2006 12:00am
Allied Bank

Allied Bank

Syed Khadim Ali Shah's letter (BR, July 14) has encouraged me to use the space of your column to express my grievance against the inefficiency of Allied Bank of Pakistan. On April 19, 2006, I mailed a letter addressed to the President of the Allied Bank i
Published 19 Jul, 2006 12:00am
The political tsunami

The political tsunami

Our History is that, Pakistan unfortunately gets hit by political tsunami all too often. The kind of tsunami that hits Pakistan is probably more severe than the one that hit Indonesia, Thailand and Sri Lanka. As is clear, tsunamis cannot be predicted and
Published 19 Jul, 2006 12:00am
Iraqi army unit tries to keep sectarian strife at bay

Iraqi army unit tries to keep sectarian strife at bay

An Iraqi army commander tells his men that he might forgive them if they were to place a bomb outside his door, but never if they succumbed to the sectarian divisions ripping the country apart. As internecine bloodshed takes an increasingly heavy toll, lo
Published 19 Jul, 2006 12:00am
Can sugarcane be replaced by sugarbeet?

Can sugarcane be replaced by sugarbeet?

Sugarbeet is an important crop in the world agriculture. Out of the total world production of 130 million tons of sugar, about onethird is manufactured from sugarbeet while the remaining from sugarcane, mainly cultivated in the developing countries.
Published 19 Jul, 2006 12:00am
Israeli aggression

Israeli aggression

While Israeli aggression against Lebanon remained unabated, on Sunday alone at least 45 people were killed and 11 injured in repeated air strikes. Later on Monday, 16 rescue workers were killed in a mindless attack in Tyre.
Published 19 Jul, 2006 12:00am
Export target dependent on ensuring tradeable surplus

Export target dependent on ensuring tradeable surplus

Announcing the trade policy 2006-07 on Monday, Commerce Minister Humayun Akhtar set the export target at $18.6 billion with a growth rate of 13 percent, while imports are to stay at the existing level of $28 billion.
Published 19 Jul, 2006 12:00am
SSGC's working lauded

SSGC's working lauded

Founder President 21st Century Economy and Business Club and Overseas Universities Alumni Club, Syed Salahuddin Haider visited Sui Southern Gas Company (SSGC) Head Office here recently. He was briefed about the working of the utility.
Published 19 Jul, 2006 12:00am
HBFC ratings maintained

HBFC ratings maintained

The Pakistan Credit Rating Agency (Pacra) has maintained the long-term rating at 'A' (Single A) and the short-term rating at 'A1' (A One) of House Building Finance Corporation (HBFC). These ratings denote a low expectation of credit risk emanating from a
Published 19 Jul, 2006 12:00am
HBFC ratings maintained

HBFC ratings maintained

The Pakistan Credit Rating Agency (Pacra) has maintained the long-term rating at 'A' (Single A) and the short-term rating at 'A1' (A One) of House Building Finance Corporation (HBFC). These ratings denote a low expectation of credit risk emanating from a
Published 19 Jul, 2006 12:00am
Exclusion of leather garments from Trade Policy resented

Exclusion of leather garments from Trade Policy resented

Chairman, Pakistan Leather Garments Manufacturers and Exporters Association (Plgmea) Chaudary Ahmed Zulfikar Hayat has expressed his surprise and resentment on excluding the leather garment industry from the trade policy 2006-07.
Published 19 Jul, 2006 12:00am
Pakistani paintings exhibition in Germany

Pakistani paintings exhibition in Germany

The Mayor of Frankfurt, Mrs Petra Roth, opened Pakistani paintings of landscapes of different regions on June 29, 2006 in Germany, says a press release. Juergen Koening, Managing Director of Merck Marker Pakistan, explained to the audience the reason for
Published 19 Jul, 2006 12:00am
Pak-US body on Science and Technology meeting today

Pak-US body on Science and Technology meeting today

The Pak-US Joint Committee on Science and Technology will hold a two-day meeting in Washington DC on July 19-20, officials said on Tuesday. A three-member Pakistani delegation, led by Professor Dr Atta-ur-Rahman, chairman, Higher Education Commission (HEC
Published 19 Jul, 2006 12:00am
Three-year programme to combat child labour launched

Three-year programme to combat child labour launched

The Ministry of Information and Broadcasting, International Labour Organisation (ILO) and the Norwegian Government on Tuesday signed second phase of a three-year programme to mobilise public and policy action through the national media to combat the child
Published 19 Jul, 2006 12:00am
US used three Pakistani bases in anti-Taliban war: Ghazi

US used three Pakistani bases in anti-Taliban war: Ghazi

The American army used Pakistan's three military bases during war against Taliban, the Defence Secretary Tariq Wasim Ghazi said on Tuesday. "None of the air bases is now in use by foreign forces," he told the Public Accounts Committee here, according to a
Published 19 Jul, 2006 12:00am
Owners warned against HIE plots cancellation

Owners warned against HIE plots cancellation

NWFP Industries, Labour, Law and Parliamentary Affairs Minister Malik Zafar Azam has warned to cancel the industrial plots of those who have acquired them in the Hayatabad Industrial Estate to establish industry but they have not set up industry as yet.
Published 19 Jul, 2006 12:00am
Pemra awards licences for FM radio in Northern Areas

Pemra awards licences for FM radio in Northern Areas

Pakistan Electronic Media Regulatory Authority (Pemra) here on Tuesday held public hearing for awarding two FM radio licences at Gilgit and Skardu. People belonging to all walks of life attended the hearing. Shahid Humayun, Executive Member of Pemra infor
Published 19 Jul, 2006 12:00am
Khusro Bakhtyar off to Romania

Khusro Bakhtyar off to Romania

Minister of State for Foreign Affairs Makhdum Khusro Bakhtyar left here on Tuesday on five-day visit to Romania and Bulgaria to promote bilateral relations with these countries. His visit to Romania will be from July 18 to 20 and then Bulgaria from July 2
Published 19 Jul, 2006 12:00am
18 file papers for 8 reserved seats in AJK Assembly

18 file papers for 8 reserved seats in AJK Assembly

Eighteen candidates have filed their nomination papers for the eight reserved seats in the AJK Legislative Assembly on Thursday. For five reserved seats of women, nine candidates have filed their nominations. Out of total 18 candidates, nine have filed th
Published 19 Jul, 2006 12:00am
ACCA quiz competition

ACCA quiz competition

Association of Certified Chartered Accountant (ACCA) Pakistan is holding an annual quiz competition among young student accountants from ACCA University and College Registration Scheme (UCRS) institutions. Punjab Education Minster Mian Imran Masood will b
Published 19 Jul, 2006 12:00am
'Era of prosperity needed to eradicate poverty'

'Era of prosperity needed to eradicate poverty'

The speakers in a two-day South Asian Federation of Accountants (Safa) conference have emphasised that poverty must be left behind and in its place an era of prosperity and abundance must be created.
Published 19 Jul, 2006 12:00am
Mirwaiz for continuation of dialogue process

Mirwaiz for continuation of dialogue process

Favouring continuation of Pakistan-India dialogue process, Hurriyat Conference has said this is indispensable to foil evil designs of those who want to derail it. Any move to discontinue the peace process at this stage would be very unfortunate, APHC Chai
Published 19 Jul, 2006 12:00am
'China eager to use Pakistan as energy corridor'

'China eager to use Pakistan as energy corridor'

Chinese Vice Foreign Minister Wu Dawei said on Tuesday his country was giving active consideration to the idea of using Pakistan as energy corridor and strengthening their communication links for common socio-economic uplift.
Published 19 Jul, 2006 12:00am
PCMA slams ignoring commercial exporters

PCMA slams ignoring commercial exporters

The Pakistan Cloth Merchants Association (PCMA) has strongly protested against ignoring the commercial exporters in the Textile package incentives and subsidies and patronising 25-50 processing houses/exporters of Pakistan.
Published 19 Jul, 2006 12:00am
HP DeskJet printing cost declines

HP DeskJet printing cost declines

From 1991 to 2005, HP DeskJet printing cost has decreased 68 percent while speed increased 900 percent; and from 1987 to 2004, HP LaserJet printing cost has declined 52 percent while speed and quality increased over 460 percent.
Published 19 Jul, 2006 12:00am
Accession Day

Accession Day

All was set to observe 60th anniversary of Kashmir's accession to Pakistan on Wednesday to strengthen and promote the ideology of accession of entire state to Pakistan.
Published 19 Jul, 2006 12:00am
India not serious in resolving Kashmir issue: Gilani

India not serious in resolving Kashmir issue: Gilani

Leader of All Parties Hurriyat Conference (APHC) Syed Ali Gilani on Tuesday said that India is not serious in resolving of Kashmir issue. Talking to VOG, he said attitude of Indian government was very negative and they are not sincere in resolving Kashmir
Published 19 Jul, 2006 12:00am
Durrani terms Israeli attacks on Lebanon 'open terrorism'

Durrani terms Israeli attacks on Lebanon 'open terrorism'

Terming the Israeli attacks on innocent civilians in Lebanon as 'open terrorism', Minister for Information and Broadcasting, Muhammad Ali Durrani has said the strikes were an attack on the entire humanity. He was talking to reporters here on Tuesday at Is
Published 19 Jul, 2006 12:00am
Pakistan lauded for curbing poppy cultivation

Pakistan lauded for curbing poppy cultivation

US ambassador to Pakistan, Ryan C. Crocker on Tuesday said the expansion of poppy cultivation in Afghanistan was creating problems for Pakistan despite the fact that Islamabad was taking numerous measures to curb the menace.
Published 19 Jul, 2006 12:00am
Women education key to achieve development goals: Ghani

Women education key to achieve development goals: Ghani

Balochistan Governor Awais Ahmed Ghani has called for taking revolutionary steps to improve the quality of women education in Balochistan in order to produce talented and brilliant students.
Published 19 Jul, 2006 12:00am
Ties with Pakistan 'very positive', says Boucher

Ties with Pakistan 'very positive', says Boucher

Rejecting the assertion that US-Pakistan relations are on the slide, Assistant Secretary of State for South and Central Asia has said the bilateral ties "have been very positive recently."
Published 19 Jul, 2006 12:00am
Working women hostel plan under study

Working women hostel plan under study

Sindh Women Development Department is contemplating to build a Working Women Hostel to help women workers arriving Karachi to assume their professional responsibilities but face difficulties due to non-availability of proper accommodation.
Published 19 Jul, 2006 12:00am
Hazrat Fatima termed role model for Muslim women

Hazrat Fatima termed role model for Muslim women

Hazrat Fatima (RA) is a role model for all the Muslim women of the world as she has left behind innumerable examples to follow. This was stated by speakers at a seminar, "Role of woman in the family and society" arranged by the Cultural Centre of Islamic
Published 19 Jul, 2006 12:00am
Miss Pakistan to model Bollywood awards in New York

Miss Pakistan to model Bollywood awards in New York

Sehr Mahmood, Miss Pakistan World 2006, will be seen this year walking the ramps with India's top models at the Bollywood Fashion Award -the most glamorous South Asian event of the year, on July 29 in New York city at the world renowned Roseland Ballroom.
Published 19 Jul, 2006 12:00am
Five of a family killed as roof caves in

Five of a family killed as roof caves in

Three women and two children of a family were killed as roof of their house caved in here on Monday night. Reportedly, one Bushra Omer (25), daughter of Malik Sadiq Awan along with her son Ahmed (2) and daughter Amna (1) came here to see her parents last
Published 19 Jul, 2006 12:00am
Landowners of lower Sindh coastal belt complain of water shortage

Landowners of lower Sindh coastal belt complain of water shortage

Landowners of the coastal belt of lower Sindh have complained of shortage of irrigation water despite assurance from Irrigation Minister Nadir Akmal Leghari that enough water is available for tail enders, it was learnt on Tuesday.
Published 19 Jul, 2006 12:00am
Sales tax collection declines by 15.29 percent

Sales tax collection declines by 15.29 percent

A decrease of Rs 1.747 billion or 15.29 percent in the collection of sales tax during the last fiscal year has been reported by the Sales Tax House Karachi.
Published 19 Jul, 2006 12:00am
Fumigation drive

Fumigation drive

On the directives of the City Nazim Syed Mustafa Kamal, the fumigation vector control department of the City District Government Karachi (CDGK) plans to begin its second phase of summer fumigation campaign to eliminate the breeding of insects, flies, and
Published 19 Jul, 2006 12:00am
Mango export to EU: over $1 million loss likely in forex earnings

Mango export to EU: over $1 million loss likely in forex earnings

The country is likely to suffer a loss of over one million dollars in its foreign exchange earnings, as a result of the 15 percent freight subsidy accorded to mango exporters. Chairman Fruit, Vegetable Processors and Exporters Association, Mateen Siddiqui
Published 19 Jul, 2006 12:00am
Quake victim reunited with family

Quake victim reunited with family

Khawaja Maqbool, a resident of Muzaffarabad who had lost his family as well as mental health in October 8, 2005, earthquake has been reunited with his family.
Published 19 Jul, 2006 12:00am
24-hour customs working on ports hailed

24-hour customs working on ports hailed

Saboor Ahmed, Acting Chairman, Site Association of Industry (SAI), has hailed the proposal to have the Customs working at the ports 24/7 since it is the pragmatic way to facilitate exports.
Published 19 Jul, 2006 12:00am
Appointment

Appointment

The President of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) Chaudhry Muhammad Saeed has nominated Arshad Alam as Chairman Pakistan-USA Business Council of the FPCCI for two-year term (2006-2008).
Published 19 Jul, 2006 12:00am
The Weather

The Weather

The weather report on Tuesday (July 18, 2006) and the forecast for Wednesday (July 19, 2006).
Published 19 Jul, 2006 12:00am
LCCI acting president

LCCI acting president

Abdul Basit, Lahore Chamber of Commerce and Industry (LCCI) Senior Vice President, would perform as Acting President of Lahore Chamber. According to a press release issued by LCCI here on Tuesday, LCCI President Mian Shafqat Ali is out of the country on a
Published 19 Jul, 2006 12:00am
New York cotton

New York cotton

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

Published 19 Jul, 2006 12:00am
Banking Mohtasib receives 594 complaints in 2005

Banking Mohtasib receives 594 complaints in 2005

The Banking Mohtasib has received 594 formal complaints against various banks during the year 2005, out of which 154 were rejected, 130 were declined while 95 were granted.
Published 19 Jul, 2006 12:00am
New York cotton

New York cotton

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

Published 19 Jul, 2006 12:00am
Pakistani cricketers' income cannot be taxed: UK officials told

Pakistani cricketers' income cannot be taxed: UK officials told

The Central Board of Revenue (CBR) has conveyed to British tax officials that the United Kingdom (UK) is not authorised to tax the income of Pakistani cricket team members under the convention of avoidance of double taxation and fiscal evasion.
Published 19 Jul, 2006 12:00am
Key stock and currency market movements

Key stock and currency market movements

The latest close of key indices on major world stock exchanges and the London closing values of the euro, the Japanese yen, the British pound and gold bullion (previous day's closes in brackets).

Published 19 Jul, 2006 12:00am
Transporters assure Karachi MTU of no strike call over withholding tax

Transporters assure Karachi MTU of no strike call over withholding tax

Several transporter associations have assured the Commissioner Medium Taxpayers Unit (MTU) Karachi, Asrar Rouf that they will not call a strike over withholding tax hike if the issue is resolved at a meeting with Central Board of Revenue (CBR) Chairman Ab
Published 19 Jul, 2006 12:00am
Economic growth rate on upward trajectory

Economic growth rate on upward trajectory

The sustainable growth rate of Pakistan's economy is on an upward trajectory but has not yet reached the point where 7-8 percent growth can be sustained.
Published 19 Jul, 2006 12:00am
Economic growth rate on upward trajectory

Economic growth rate on upward trajectory

The sustainable growth rate of Pakistan's economy is on an upward trajectory but has not yet reached the point where 7-8 percent growth can be sustained.
Published 19 Jul, 2006 12:00am
Apca seeks safe release of detained contractors

Apca seeks safe release of detained contractors

All Pakistan Contractors Association (Apca) has demanded of the government to immediately secure release of illegally detained two officials of M/s Sachal in Nepal for having links with the Mumbai blasts.
Published 19 Jul, 2006 12:00am
SCCI and Apcea welcome trade policy

SCCI and Apcea welcome trade policy

Sarhad Chamber of Commerce & Industry (SCCI) and All Pakistan Commercial Exporters Association (APCEA) has welcomed the Trade Policy 2006-07, saying it would go long way in the promotion of the export of the country.
Published 19 Jul, 2006 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (July 18, 2006).

Published 19 Jul, 2006 12:00am
Infants saved from wedlock to landlord's son

Infants saved from wedlock to landlord's son

Police have arrested two landowners in Sanghar for forcing a peasant to give two infant daughters in marriage as repayment for a loan, a police official said.
Published 19 Jul, 2006 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Tuesday (July 18, 2006) and for Wednesday (July 19, 2006).
Published 19 Jul, 2006 12:00am
Two airports to be built with indigenous resources

Two airports to be built with indigenous resources

The government has announced it will start constructing two new airports, one each in Islamabad and Gwadar, costing Rs 18 billion and Rs 8 billion respectively towards the end of current year by utilising indigenous resources.
Published 19 Jul, 2006 12:00am
Trade policy ignores auto industry's proposals

Trade policy ignores auto industry's proposals

The automobile industry would get nothing from the Trade Policy 2006-07 as none of its proposals was incorporated in it. Sources told Business Recorder that the industry had forwarded a number of proposals ranging from reduction in depreciation all
Published 19 Jul, 2006 12:00am
Provinces asked to phase out diesel buses

Provinces asked to phase out diesel buses

The government has directed the provincial governments to gradually phase out the use of diesel buses in order to make Pakistan a pollution-free zone. The government is also encouraging the manufacturing of CNG buses in Pakistan to achieve this objective.
Published 19 Jul, 2006 12:00am
NIB Bank declares PLS profit rates

NIB Bank declares PLS profit rates

NIB Bank (NDLC-IFIC Bank) has declared the rates of profit on PLS deposits for the period of six months ended June 30, 2006.

Published 19 Jul, 2006 12:00am
Pakistan fastest growing economy in region: US told

Pakistan fastest growing economy in region: US told

US Assistant Secretary for Economic and Business Affairs, Dan Sullivan, had a meeting with Minister of State for Finance, Omar Ayub Khan, here on Tuesday and discussed matters relating to increased economic co-operation and trade between the two countries
Published 19 Jul, 2006 12:00am
NIB Bank declares PLS profit rates

NIB Bank declares PLS profit rates

NIB Bank (NDLC-IFIC Bank) has declared the rates of profit on PLS deposits for the period of six months ended June 30, 2006.

Published 19 Jul, 2006 12:00am
Humayun hopeful of cut in trade deficit next year

Humayun hopeful of cut in trade deficit next year

Commerce Minister Humayun Akhtar Khan has said the trade deficit will register marked reduction next year as a result of certain remedial measures and continuation of prudent economic policies. In an interview with PTV, he said the country's exports had b
Published 19 Jul, 2006 12:00am
Rs 150,000 per year grant for education of Hayat's kids

Rs 150,000 per year grant for education of Hayat's kids

Complying with the directives of the Prime Minister Shaukat Aziz, the Federal Ministry of Education has earmarked Rs 150,000 per year, to bear the educational expenses of the dependent children of the deceased journalist Hayat Ullah, who was killed by the
Published 19 Jul, 2006 12:00am
Health projects of Rs 27.420 billion announced

Health projects of Rs 27.420 billion announced

The government on Tuesday announced to initiate three mega projects with total outlay of over Rs 27.420 billion in health sector, ie for reduction in alarming mortality rate, control of breast cancer and establishment of a regulatory body for disabled per
Published 19 Jul, 2006 12:00am
Non-bailable warrants for Benazir and Zardari issued

Non-bailable warrants for Benazir and Zardari issued

Court of session judge Islamabad Rafi-uz-Zaman on Tuesday issued non-bailable warrants of former prime minister Benazir Bhutto and her spouse Asif Ali Zardari in the case of false declaration of assets. The accused were absent from the court proceedings.
Published 19 Jul, 2006 12:00am
Iranian car company eyeing Pakistani market

Iranian car company eyeing Pakistani market

Deputy Director of Iranian Khodro export and international affairs has said that the company is capable of entering Pakistan's car market. The company said, certain modalities are being sought out in this connection to facilitate production of right-side
Published 19 Jul, 2006 12:00am
UVAS gets excellence award

UVAS gets excellence award

The University of Veterinary and Animal Sciences (UVAS) Lahore has been given an "Award of Excellence" in recognition of its extension services for livestock farmers.
Published 19 Jul, 2006 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (July 18, 2006).

Published 19 Jul, 2006 12:00am
Sindh University hailed for action against plagiarism

Sindh University hailed for action against plagiarism

Higher Education Commission (HEC) on Tuesday appreciated an effort to curb and discourage plagiarism by academics of University of Sindh. Jamshoro which has withdrawn and cancelled the Ph.D. degree and issued a show cause notice to Asad Ali Sheikh for pla
Published 19 Jul, 2006 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (July 18, 2006).

Published 19 Jul, 2006 12:00am
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