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Print - 2006-08-07
Rover's Dairy: the worst governed provinces of country

Rover's Dairy: the worst governed provinces of country

"In England (READ SINDH), there was scarcely an amount of order and protection to justify much national boasting. Daring burglaries by armed men, and highway robberies, took place in the capital itself every night; families were publicly cautioned not to
Published 07 Aug, 2006 12:00am
Rain havoc

Rain havoc

The recent rains in Karachi have played havoc with the lives of its citizens. The inefficiency of all the civic service agencies has been exposed. All the chaos was the result of only 88mm of rain.
Published 07 Aug, 2006 12:00am
Plight of UBL's pensioners

Plight of UBL's pensioners

The pension benefits since 1995 continue as such without any respite. I wonder if this matter is reviewed in perspective of the ground conditions and in relation to the generous pervasive salary structure and its consequential correlation with the retirem
Published 07 Aug, 2006 12:00am
Pakistan's economic indicators

Pakistan's economic indicators

Whatever the rationale of tall claims of an economic turnaround by Musharraf regime's financial wizards, the ground realities are different. Pakistan's foreign exchange reserves stand at $11.5 billion at the end of May 2006. Its total trade balance shows
Published 07 Aug, 2006 12:00am
The life five floors below in Beirut's southern suburbs

The life five floors below in Beirut's southern suburbs

"Is there still war outside?" wondered a six-year-old boy with dark shadows under his eyes, one of 1,700 people hiding from Israeli bombardments on the asphixiating third, fourth and even fifth underground floors of a parking lot in Beirut's southern subu
Published 07 Aug, 2006 12:00am
Chirac's confrontation with Bush on Lebanon

Chirac's confrontation with Bush on Lebanon

The scene is reminiscent of the diplomatic confrontation that preceded the US invasion of Iraq. In a repeat of 2003, French President Jacques Chirac, who is fiercely interested in developments in Lebanon, is making a stand against George Bush on the confl
Published 07 Aug, 2006 12:00am
Auditor General's report

Auditor General's report

The audit report for the year 2003-2004, released by the Auditor General of Pakistan (AGP), spotlights a string of grave financial irregularities, ranging from misappropriations to outright frauds involving billions of rupees of taxpayer's money, committe
Published 07 Aug, 2006 12:00am
Cautious approach in the treasury bills auction

Cautious approach in the treasury bills auction

The T-bills auction conducted by the State Bank of Pakistan on 2nd August 2006, the first one after the increase in discount rate by 0.5 basis points to 9.5 percent, yielded interesting results.
Published 07 Aug, 2006 12:00am
Concern voiced over Scarp divisions' abolition

Concern voiced over Scarp divisions' abolition

The Sindh Chamber of Agriculture (SCA) at a meeting here on Sunday expressed grave concern over the abolition of Salinity Control And Reclamation Project (Scarp) division of the irrigation department and the inordinate delay in completion of the Chotiyari
Published 07 Aug, 2006 12:00am
Seminar on Riba today

Seminar on Riba today

A seminar on 'Riba' will be organised by Karachi Branch Council (KBC) of the Institute of Cost and Management Accountants of Pakistan (ICMAP) at its Head Officer here on Monday.
Published 07 Aug, 2006 12:00am
Mobilink to set up stall at ITCN

Mobilink to set up stall at ITCN

Mobilink, Pakistan's leading cellular service provider and part of the Orascom Telecom group will be the star-attraction at the ITCN Asia 2006 event beginning August 9 - 11, 2006, at the Expo Center Karachi, said a press release issued on Sunday.
Published 07 Aug, 2006 12:00am
Rains, road conditions affect supplies, business

Rains, road conditions affect supplies, business

One or two days trading was seen on the commodities wholesale market and the impact of rains had kept even the needy buyers to indoors during the week ended on August 5, 2006, where cotton cakes and grams and related grain made some changes visible.
Published 07 Aug, 2006 12:00am
Four flood relief camps set up in Rawalpindi

Four flood relief camps set up in Rawalpindi

Four flood relief centres have been established in Rawalpindi city with an aim at providing basic amenities to the rain-affected people. District Nazim Raja Javed Ikhlas on Sunday told a private TV channel that the rain victims were being provided free fo
Published 07 Aug, 2006 12:00am
Four vehicle thieves arrested

Four vehicle thieves arrested

The Landhi police have arrested four members, including the ringleader, of a gang of street criminals and vehicle-snatchers/lifters in an encounter during snap-checking. Weapons, mobile phones, cash and two bikes have also been recovered from their posses
Published 07 Aug, 2006 12:00am
215-kg hashish seized

215-kg hashish seized

A team of excise police on Saturday night conducted a raid on a truck, coming from Quetta and bound for Karachi, and recovered 215kg hashish from its secret cavities. Truck driver Sallahuddin Pathan had been arrested.
Published 07 Aug, 2006 12:00am
Rains, TCP tender hamper cotton business

Rains, TCP tender hamper cotton business

Rains and TCP tender played vital role in cotton trading as routine business was handicapped considerably through the week ended on August 5, 2006. Spot rate opened at Rs 2500 and remained unchanged tll the end of the week.
Published 07 Aug, 2006 12:00am
Rains, TCP tender hamper cotton business

Rains, TCP tender hamper cotton business

Rains and TCP tender played vital role in cotton trading as routine business was handicapped considerably through the week ended on August 5, 2006. Spot rate opened at Rs 2500 and remained unchanged tll the end of the week.
Published 07 Aug, 2006 12:00am
FOREIGN TRADE INQUIRIES

FOREIGN TRADE INQUIRIES

Export Promotion Bureau has received the following Trade Enquiries from abroad. Interested Pakistani parties dealing in the under mentioned items can obtain further details from the addresses given or from EPB Head Quarters and its Regional/Sub-Regional O
Published 07 Aug, 2006 12:00am
INTERNATIONAL TENDERS

INTERNATIONAL TENDERS

Export Promotion Bureau has received the following International Tenders from abroad. Interested Pakistani parties dealing in the under mentioned items can obtain further details of Tenders from the addresses given or from EPB Head Quarters and its Region
Published 07 Aug, 2006 12:00am
Aurakzai condoles

Aurakzai condoles

The NWFP Governor Lieutenant General Ali Muhammad Jan Aurakzai (Retd) has expressed his deep grief and shock over the loss of precious lives and properties especially because of flood havoc in District Mardan and has said that the entire government machin
Published 07 Aug, 2006 12:00am
Canal flooding destroys crops

Canal flooding destroys crops

Sadiq Canal breaching has submerged standing crops on hundreds of acres and displaced the area people to safer places. Heavy monsoon downpours reportedly had raised the water level of the canal that breached at its left bank and gushing water through it o
Published 07 Aug, 2006 12:00am
Israeli aggression condemned

Israeli aggression condemned

The Communist Party of Pakistan has strongly condemns the aggression of Israel in Lebanon and appealed to all the leftists and Muslim community to support Hizbullah, who is defending motherland Lebanon with great courage and zeal.
Published 07 Aug, 2006 12:00am
Plot allotment irks Multan city council members

Plot allotment irks Multan city council members

Multan district government, violating the rules, has allotted a commercial plot to a sitting MPA, belonging to the ruling PML, on nominal rent, which has irritated other council members.
Published 07 Aug, 2006 12:00am
'Rulers trying to hoodwink masses'

'Rulers trying to hoodwink masses'

Punjab Pakistan Peoples Party Information Secretary and Member Provincial Assembly Farzana Raja said that the rulers are trying to hoodwink public and hide their corruption and mega scandals by reopening inert and dead cases like Surrey palace.
Published 07 Aug, 2006 12:00am
PPP slams government, CDGK

PPP slams government, CDGK

Pakistan People's Party (PPP) has strongly condemned what it charged 'apathy and negligence' of provincial and city governments toward people during the current monsoon rains. "This proves rulers have no interest in protecting people's life and property a
Published 07 Aug, 2006 12:00am
Punjab to promote SMEs industrial estates

Punjab to promote SMEs industrial estates

Punjab Industries, Investment and Commerce Minister Muhammad Akmal Cheema has said that necessary arrangements are being finalised for setting up SMEs industrial estates in various cities of the province.
Published 07 Aug, 2006 12:00am
Ban on foreign students in Madaris slammed

Ban on foreign students in Madaris slammed

Wafaq-ul-Madaris Arabia Pakistan (seminaries' representative organisation) has rejected the government's ban on enrolment of foreign students in its faculties and termed the decision totally immoral and against the precepts of Shariah.
Published 07 Aug, 2006 12:00am
'Government committed to facilitating flood victims'

'Government committed to facilitating flood victims'

Provincial Power Minister, Choudary Armughan Subhani has said that government was making adequate efforts for redressing the problems of flood affected people on to top priority basis.
Published 07 Aug, 2006 12:00am
Rs 13.328 billion being spent on widening Punjab roads

Rs 13.328 billion being spent on widening Punjab roads

In collaboration with the Asian Development Bank (ADB), 1,323-km-long roads in 27 districts are being widened up to 20 to 24 feet at a cost of Rs 13.328 billion, while an amount of Rs 3.7 billion has been allocated in the current fiscal year for this purp
Published 07 Aug, 2006 12:00am
'Breast-feeding must to check child mortality rate'

'Breast-feeding must to check child mortality rate'

With the theme of "watch 25 years of protecting breast feeding", World breast-feeding week 2006 is being observed in various parts of the world including Pakistan from August 1 to 7 with a renewed pledge that all out efforts will continue to be made to pr
Published 07 Aug, 2006 12:00am
1000-kg meat of dead animal seized

1000-kg meat of dead animal seized

Veterinary Officer Chiniot, Fakhar Kazmi seized 1,000kg meat of dead animals from the general bus stand. The Revenue deputy district officer received information that some butchers were purchasing meat of sick and dead animals to dispatch it to Rawalpindi
Published 07 Aug, 2006 12:00am
No power supply to village

No power supply to village

Residents of Chak 335/WB and adjoining areas are living without electricity, as area transformer was burnt five days ago. The area people said despite repeated complaints, Mepco authorities have turned deaf ear towards their plight.
Published 07 Aug, 2006 12:00am
MCCI secretary dies

MCCI secretary dies

Multan Chamber of Commerce & Industry (MCCI) Secretary, Ghulam Ali Bhatti died of cardiac arrest on Saturday evening. He was 95. A large number of industrialists, traders, exporters and elite of the area attended his funeral prayers on Sunday.
Published 07 Aug, 2006 12:00am
Rs 250 million earmarked to set up world-class milk plant

Rs 250 million earmarked to set up world-class milk plant

The Punjab government has approved a grand project of establishing an international standard milk plant near Sambrial here with a total cost of Rs 250 million in active collaboration with the local private sector for catering the milk and dairy needs of t
Published 07 Aug, 2006 12:00am
Anti-Israeli resolution: opposition response appreciated

Anti-Israeli resolution: opposition response appreciated

Minister for Petroleum and Natural Resources, Amanullah Khan Jadoon said on Sunday that passage of unanimous resolution against Israeli aggression on Lebanon in the National Assembly was reflective of the nation's unity.
Published 07 Aug, 2006 12:00am
Mistakes in textbook pointed out

Mistakes in textbook pointed out

Former federal minister and PPP leader Aitzaz Ahsan in a letter to the Federal Education Minister informing him that there was nothing about the Jesus Christ in the syllabus book of 'Akhlaqiyat' published by the Textbook Boards of Sindh and Punjab for 9th
Published 07 Aug, 2006 12:00am
Water level increases in Mangla dam

Water level increases in Mangla dam

Water level in Mangla dam has increased as a result of heavy rains in Azad Jammu & Kashmir. However, the dam has the capacity to store more water, official sources said on Sunday. Sources said an average inflow of water in the dam during last 24 hours was
Published 07 Aug, 2006 12:00am
Population issues: PWDP to train 2,490 female religious leaders

Population issues: PWDP to train 2,490 female religious leaders

Population Welfare Department Punjab (PWDP) has assigned a target for its officers to train 2,940 female religious leaders about the negative aspects of rapidly growing population and its effects on personal family as well as national development.
Published 07 Aug, 2006 12:00am
Rescue-1122 service to be extended: Elahi

Rescue-1122 service to be extended: Elahi

Punjab Ambulance and Emergency Service, 'Rescue-1122' project, will be extended to other cities of Punjab, as it proved very helpful in providing instant relief and medical facilities to the masses in urgency.
Published 07 Aug, 2006 12:00am
'New highway to help ease traffic flow on Murree Road'

'New highway to help ease traffic flow on Murree Road'

The Minister for Railways, Rashid Ahmad said on Sunday that a new highway, to be constructed from Mareer Chowk to Islamabad on Nullah Leh, would help in easing traffic flow on Murree Road, in Rawalpindi.
Published 07 Aug, 2006 12:00am
'MMA will not support no-trust move'

'MMA will not support no-trust move'

The Muttahida Majlis-i-Amal (MMA) "is our indirect coalition partner and we expect it will not support ARD in its move to table no-trust motion against the government". This was stated by Federal Information Minister, Muhammad Ali Durrani, at a news confe
Published 07 Aug, 2006 12:00am
All democratic forces united to oust government: PML-N

All democratic forces united to oust government: PML-N

The Secretary-General of the Alliance for Restoration of Democracy (ARD), Iqbal Zafar Jhagra, said on Sunday that all democratic forces were united to oust the President Musharraf-led government.
Published 07 Aug, 2006 12:00am
'Voters lists process to be completed by September 11'

'Voters lists process to be completed by September 11'

Process of distribution and collection of forms for enrolment of voters for preparation of new voters lists which started from July 29 will be completed by September 11, said Secretary Election Commission, Kanwar Muhammad Dilshad here on Sunday.
Published 07 Aug, 2006 12:00am
Envoy to Switzerland named

Envoy to Switzerland named

The Government has announced the appointment of Mrs Ayesha Riyaz as Ambassador of Pakistan, Switzerland. She joined Foreign Service of Pakistan in October 1982 and held various diplomatic assignments in Pakistan missions abroad.
Published 07 Aug, 2006 12:00am
Less than two percent of quake-hit people living in tents: Erra

Less than two percent of quake-hit people living in tents: Erra

Earthquake Rehabilitation and Reconstruction Authority (Erra) deputy chairman Lieutenant General Nadeem Ahmed said on Sunday less than two percent of the affected people are living in tents, and those would also be shifted to some sort of sheltered houses
Published 07 Aug, 2006 12:00am
Rescuers hunt for bodies in Mardan

Rescuers hunt for bodies in Mardan

Pakistani rescuers were searching for bodies on Sunday after a bridge collapsed in Mardan in torrential rain, killing scores of people, officials said on Sunday. At least 40 bodies have been recovered in Mardan, the second biggest city in North West Front
Published 07 Aug, 2006 12:00am
'Iran agree on consular access to Pakistani detainees'

'Iran agree on consular access to Pakistani detainees'

The nine-member Pakistani delegation, led by Secretary of Interior Ministry Syed Kamal Shah, arrived here on Sunday after participating a two-day Pakistan-Iran Joint Security meeting held in Tehran. Qamar-uz-Zaman Chaudhry said both the sides agreed to pr
Published 07 Aug, 2006 12:00am
India not showing enthusiasm in talks: Durrani

India not showing enthusiasm in talks: Durrani

Federal Information Minister Muhammad Ali Durrani has said that all peace efforts are linked with the resolution of Kashmir issue and Pakistan wants to continue talks with India but unfortunately it is not showing enthusiasm in bilateral talks.
Published 07 Aug, 2006 12:00am
'Tit-for-tat expulsions to hurt peace process'

'Tit-for-tat expulsions to hurt peace process'

India and Pakistan's tit-for-tat expulsion of diplomats was a bad omen for their already troubled peace process, analysts said on Sunday. Pakistan on Saturday ordered Indian diplomat Deepak Kaul to leave the country for suspected spying and India reciproc
Published 07 Aug, 2006 12:00am
Musharraf greets Ivory Coast president

Musharraf greets Ivory Coast president

President General Pervez Musharraf has felicitated the President of Ivory Coast, Laurent Gbagbo on the Republic's national day falling on August 7. In a message issued here on Sunday.
Published 07 Aug, 2006 12:00am
Foreign students expulsion: Shujaat calls meeting for issue's solution

Foreign students expulsion: Shujaat calls meeting for issue's solution

PML President Shujaat Hussain has called this week a meeting of Ittehad-e-Tanzeemul Madaris Deeniyah (ITMD) for appropriate solution to avert the possible crisis following government's decision to expel all foreign students studying in religious seminarie
Published 07 Aug, 2006 12:00am
601 deported Pakistanis return

601 deported Pakistanis return

A batch of 601 Pakistanis trafficked by human smugglers and arrested by Muscat authorities would be reaching back Karachi on Monday. The Ansar Burney Welfare Trust International said here on Sunday that deported Pakistanis would arrive here in a Launch Al
Published 07 Aug, 2006 12:00am
Suspected suicide bomber killed in Hub

Suspected suicide bomber killed in Hub

A suspected suicide bomber riding a bicycle was killed on Sunday in Hub town, police said. The man, aged about 25, was blown to bits while he was riding through the main market, police official Mohammad Rafiq told AFP.
Published 07 Aug, 2006 12:00am
CDGK fails to crack down on milk cartel

CDGK fails to crack down on milk cartel

Milk dealers and retailers of the metropolis have illegally earned around Rs 1.293 billion from the citizens as the City District Government Karachi (CDGK) has so far failed to break this new cartel.
Published 07 Aug, 2006 12:00am
Independence Day celebrations at Sindh University

Independence Day celebrations at Sindh University

The Sindh University will celebrate the 59th Independence Day in a befitting manner on August 14. According to a notification issued by Registrar Dr Saeed Ahmed Soomro on Saturday, the University has chalked out different programs to be held on the occasi
Published 07 Aug, 2006 12:00am
Sindh to produce 30,000 bales of clean cotton this season

Sindh to produce 30,000 bales of clean cotton this season

Sindh province will produce 30,000 bales of clean and contamination-free cotton during the current crop season. This was decided at a meeting held under the chairmanship of the Provincial Secretary Agriculture, Muhakdumuddin Qadri. The meeting was attende
Published 07 Aug, 2006 12:00am
'50 percent of divisible pool for provinces by 2010 planned'

'50 percent of divisible pool for provinces by 2010 planned'

By the year 2010, 50 percent of the divisible pool would be allocated for the provinces. This was stated by Federal Inter-Provincial Co-ordination Minister Salim Saifullah Khan here on Saturday evening. He was talking to media persons after addressing the
Published 07 Aug, 2006 12:00am
Non-bailable arrest warrants of former Wapda chief

Non-bailable arrest warrants of former Wapda chief

An accountability court on Saturday issued non-bailable arrest warrants of former chairman Wapda, Lieutenant General Zahid Ali Akbar (Retd) as he failed to appear before the court. The prosecution informed the court that the accused is abroad, hence he fa
Published 07 Aug, 2006 12:00am
600 delegates to attend world judicial moot

600 delegates to attend world judicial moot

More than 600 guests, including chief justices and judges from 42 different countries will attend the inaugural ceremony of the International Judicial Conference being held on August 11 at the Supreme Court Auditorium as part of the Golden Jubilee celebra
Published 07 Aug, 2006 12:00am
Arbab stresses inter-provincial harmony

Arbab stresses inter-provincial harmony

Sindh Chief Minister Dr Arbab Ghulam Rahim said on Sunday that inter-provincial harmony was the need of the hour and the disputes among the provinces were being resolved amicably under the leadership of President Musharraf. He stated this in a meeting wit
Published 07 Aug, 2006 12:00am
PML-N seeks OIC assembly session on Lebanon

PML-N seeks OIC assembly session on Lebanon

The Pakistan Muslim League (PML-N) pressed the government on Sunday to make its best efforts to call an emergency session of the OIC General Assembly to broker an immediate cease-fire in Lebanon.
Published 07 Aug, 2006 12:00am
Musharraf's efforts for peace lauded

Musharraf's efforts for peace lauded

A prominent Chinese magazine 'Lookwe', published a special supplement on Pakistan this month, highlighting the growing co-operation between the two countries in various fields.
Published 07 Aug, 2006 12:00am
Mirwaiz urges India to resolve Kashmir issue

Mirwaiz urges India to resolve Kashmir issue

In occupied Kashmir, the Chairman of the All Parties Hurriyat Conference, Mirwaiz Umar Farooq, has urged India to resolve Kashmir dispute in line with the wishes of Kashmiris, so that they can live with peace and dignity, reports Kashmir Media Service.
Published 07 Aug, 2006 12:00am
'Abbasi Shaheed Trauma Centre to be opened soon'

'Abbasi Shaheed Trauma Centre to be opened soon'

City nazim Mustafa Kamal has said Abbasi Shaheed Hospital Trauma centre will be opened soon and after a lapse of several years corneal transplantation facility at Spencer Eye hospital will be revived within a week. Addressing the inaugural ceremony of new
Published 07 Aug, 2006 12:00am
Directive for completing road project by October

Directive for completing road project by October

Gulshan-e-Iqbal Town Nazim Wasay Jalil has directed the officials and the contractors concerned to ensure that the ongoing works at Rashid Minhas Road are completed by October. Presiding over a meeting held to review the progress of work, he expressed dis
Published 07 Aug, 2006 12:00am
Picnicker loses arm in accident

Picnicker loses arm in accident

An arm of a picnicker-Aamir son of Suleman, was cut when a van, he was travelling in, collided with a mini truck while overtaking a bus near Thatta on Sunday morning. The reports reaching here suggest that three youngsters, residents of Al-Haider society,
Published 07 Aug, 2006 12:00am
APPNA pledges to improve medical facilities in Pakistan

APPNA pledges to improve medical facilities in Pakistan

Association of Physicians of Pakistani Descent of North America (APPNA), an influential group of the expatriate community, vowed on Saturday to contribute its bid in raising the level of medical facilities in district hospitals in Pakistan.
Published 07 Aug, 2006 12:00am
Heavy rains lash Sanghar

Heavy rains lash Sanghar

The heavy downpour started here and surrounding areas of district Sanghar on Sunday morning after a gap of two days. The flash floods have destroyed the crops. The miseries of the people have been multiplied by overflowing saline water drains.
Published 07 Aug, 2006 12:00am
Widespread rain forecast

Widespread rain forecast

The Met. Office has forecast widespread rain/thundershowers with isolated moderate to heavy falls in Karachi and rest of regions of Sindh and Balochistan during next 24 hours. The city would have maximum temperature of 28 to 30 degrees Centigrade on Monda
Published 07 Aug, 2006 12:00am
Rain causes trouble in Khairpur

Rain causes trouble in Khairpur

It rained cats and dogs with thunder in Khairpur on Saturday because of it, some hill areas were surrounded by flood and snakes bit eleven people.
Published 07 Aug, 2006 12:00am
Four of a family killed as roof collapses

Four of a family killed as roof collapses

Four persons were killed and another sustained injuries when a house roof collapsed in center of the city. According to details, four members of a family including Zar Muhammad S/o Atta Muhammad Pathan, Naseem Bibi wife of Zar Muhammad, Tareen Bibi wife o
Published 07 Aug, 2006 12:00am
Four of a family killed as roof collapses

Four of a family killed as roof collapses

Four persons were killed and another sustained injuries when a house roof collapsed in center of the city. According to details, four members of a family including Zar Muhammad S/o Atta Muhammad Pathan, Naseem Bibi wife of Zar Muhammad, Tareen Bibi wife o
Published 07 Aug, 2006 12:00am
US sugar growers mull Mexico deal

US sugar growers mull Mexico deal

American sugar growers are wondering if storms and drought will deal another body blow to production while fretting if the deal to settle a dispute over sweetener trade with Mexico is good for their industry, industry officials said Sunday.
Published 07 Aug, 2006 12:00am
China eyes carrots and sticks for energy efficiency

China eyes carrots and sticks for energy efficiency

China is planning both incentives and harsher penalties to push companies and local governments to meet energy saving goals that Beijing fears may not be achieved amid strong economic growth, state media said on Sunday.
Published 07 Aug, 2006 12:00am
Manila says six-month expanded VAT revenue beats aim

Manila says six-month expanded VAT revenue beats aim

The Philippine government's revenue collections from a broader sales tax in the first six months were 23 percent above target at 38.22 billion pesos ($742.1 million), official documents showed. The government had set a revenue aim of 31.03 billion from th
Published 07 Aug, 2006 12:00am
ECB hikes to continue in coming months: Smaghi

ECB hikes to continue in coming months: Smaghi

Euro zone interest rates are still "very accommodating" after Thursday's hike and more adjustments should be expected in coming months, the European Central Bank Executive Board member Lorenzo Bini Smaghi said in an interview.
Published 07 Aug, 2006 12:00am
Sindh crisis over as confusion clears: Ibad

Sindh crisis over as confusion clears: Ibad

Sindh Governor Dr Ishratul Ibad Khan has said the recent political crisis was just due to confusion and as the confusion was cleared the crisis was also over. He was addressing a dinner hosted in his honour by Mian Zahid Hussain, chairman, All Pakistan Lu
Published 07 Aug, 2006 12:00am
Sindh crisis over as confusion clears: Ibad

Sindh crisis over as confusion clears: Ibad

Sindh Governor Dr Ishratul Ibad Khan has said the recent political crisis was just due to confusion and as the confusion was cleared the crisis was also over. He was addressing a dinner hosted in his honour by Mian Zahid Hussain, chairman, All Pakistan Lu
Published 07 Aug, 2006 12:00am
CBR ruling about scrap cargo misdeclaration

CBR ruling about scrap cargo misdeclaration

The Central Board of Revenue (CBR) will not serve show-cause notices for misdeclaration to importers of iron, steel and aluminium scrap, partially or wholly serviceable, but they would have the option to scrap the item.
Published 07 Aug, 2006 12:00am
CBR ruling about scrap cargo misdeclaration

CBR ruling about scrap cargo misdeclaration

The Central Board of Revenue (CBR) will not serve show-cause notices for misdeclaration to importers of iron, steel and aluminium scrap, partially or wholly serviceable, but they would have the option to scrap the item.
Published 07 Aug, 2006 12:00am
CBR ruling about scrap cargo misdeclaration

CBR ruling about scrap cargo misdeclaration

The Central Board of Revenue (CBR) will not serve show-cause notices for misdeclaration to importers of iron, steel and aluminium scrap, partially or wholly serviceable, but they would have the option to scrap the item.
Published 07 Aug, 2006 12:00am
Proposal for PSM sell-off postponement turned down

Proposal for PSM sell-off postponement turned down

The Ministry of Industries and Production has turned down a proposal of Pakistan Steel Mills (PSM) Chairman in which deferment of the privatisation process was pleaded. Sources in Privatisation Commission (PC) told Business Recorder that the PSM Ch
Published 07 Aug, 2006 12:00am
Proposal for PSM sell-off postponement turned down

Proposal for PSM sell-off postponement turned down

The Ministry of Industries and Production has turned down a proposal of Pakistan Steel Mills (PSM) Chairman in which deferment of the privatisation process was pleaded. Sources in Privatisation Commission (PC) told Business Recorder that the PSM Ch
Published 07 Aug, 2006 12:00am
Proposal for PSM sell-off postponement turned down

Proposal for PSM sell-off postponement turned down

The Ministry of Industries and Production has turned down a proposal of Pakistan Steel Mills (PSM) Chairman in which deferment of the privatisation process was pleaded. Sources in Privatisation Commission (PC) told Business Recorder that the PSM Ch
Published 07 Aug, 2006 12:00am
Huge trade deficit poses threat to economy: SBP

Huge trade deficit poses threat to economy: SBP

Fuelled by a huge trade deficit, Pakistan''s current account deficit during 2005-06 reached a worrisome 4.7 percent ($5.683 billion) of the gross domestic product (GDP), posing a threat to the economy simultaneously on both internal and external fronts.
Published 07 Aug, 2006 12:00am
Huge trade deficit poses threat to economy: SBP

Huge trade deficit poses threat to economy: SBP

Fuelled by a huge trade deficit, Pakistan's current account deficit during 2005-06 reached a worrisome 4.7 percent ($5.683 billion) of the gross domestic product (GDP), posing a threat to the economy simultaneously on both internal and external fronts.
Published 07 Aug, 2006 12:00am
Huge trade deficit poses threat to economy: SBP

Huge trade deficit poses threat to economy: SBP

Fuelled by a huge trade deficit, Pakistan's current account deficit during 2005-06 reached a worrisome 4.7 percent ($5.683 billion) of the gross domestic product (GDP), posing a threat to the economy simultaneously on both internal and external fronts.
Published 07 Aug, 2006 12:00am
SCRAs surge to $10.2 million

SCRAs surge to $10.2 million

The Special Convertible Rupee Accounts (SCRAs), which improved to a level of $8.4 million on August 3 from $6.3 million on August 1, had a further boost on August 4 and stood at $10.2 million as on that date.
Published 07 Aug, 2006 12:00am
SCRAs surge to $10.2 million

SCRAs surge to $10.2 million

The Special Convertible Rupee Accounts (SCRAs), which improved to a level of $8.4 million on August 3 from $6.3 million on August 1, had a further boost on August 4 and stood at $10.2 million as on that date.
Published 07 Aug, 2006 12:00am
SCRAs surge to $10.2 million

SCRAs surge to $10.2 million

The Special Convertible Rupee Accounts (SCRAs), which improved to a level of $8.4 million on August 3 from $6.3 million on August 1, had a further boost on August 4 and stood at $10.2 million as on that date.
Published 07 Aug, 2006 12:00am
Bullish trend helps KSE index gain 419 points

Bullish trend helps KSE index gain 419 points

Bullish trend prevailed at Karachi share market during last week ending on August 4, 2006, and the KSE-100 index aggregately surged 419.06 points to 10,772.58 points, the market remaining in the positive territory for the fourth consecutive week. Investor
Published 07 Aug, 2006 12:00am
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