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Nov 27, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2006-10-13
Senior players hold the key in Inzamam's absence: Afridi

Senior players hold the key in Inzamam's absence: Afridi

Pakistani all-rounder Shahid Afridi said Thursday that the recent turmoil at home would not affect the team's campaign in the Champions Trophy tournament in India. "The team have settled down after what happened back at home and we all are eager to perfor
Published 13 Oct, 2006 12:00am
Imran slams Pakistani cricket management

Imran slams Pakistani cricket management

Former Pakistani cricket captain Imran Khan on Thursday lashed out at the team management for shabbily treating current skipper Younis Khan ahead of the Champions Trophy in India.
Published 13 Oct, 2006 12:00am
Gibbs admits match-fixing

Gibbs admits match-fixing

Indian police questioned South African batsman Herschelle Gibbs on Thursday in a six-year-old match-fixing case and said he admitted to receiving two offers to underperform in exchange for money.
Published 13 Oct, 2006 12:00am
Novelist Anita Desai 'overjoyed' at daughter's Booker win

Novelist Anita Desai 'overjoyed' at daughter's Booker win

Novelist and three-time Booker nominee Anita Desai said she was overjoyed that her daughter Kiran was awarded the Man Booker Prize for "The Inheritance of Loss", a win feted by the Indian press Thursday. "I am proud. Overjoyed," Desai told the Times of In
Published 13 Oct, 2006 12:00am
Birds and bees may be gay: museum exhibition

Birds and bees may be gay: museum exhibition

The birds and the bees may be gay, according to the world's first museum exhibition about homosexuality among animals. With documentation of gay or lesbian behaviour among giraffes, penguins, parrots, beetles, whales and dozens of other creatures, the Osl
Published 13 Oct, 2006 12:00am
Shining Path museum recalls Peru's rebel horrors

Shining Path museum recalls Peru's rebel horrors

Paintings celebrating deadly bomb attacks, photographs of beheaded children and rusting home-made grenades fill a police museum dedicated to the 31,300 people killed by Peru's ruthless Shining Path rebels.
Published 13 Oct, 2006 12:00am
Ivorian opposition leader seeks power-sharing council

Ivorian opposition leader seeks power-sharing council

One of Ivory Coast's opposition leaders called on Thursday for a power-sharing council to replace President Laurent Gbagbo until a long-delayed presidential election could be held in the divided country.
Published 13 Oct, 2006 12:00am
Attacks on energy facilities rising: Germany

Attacks on energy facilities rising: Germany

Attacks on energy facilities world-wide to hinder the delivery of gas and oil have been rising sharply, the head of Germany's foreign intelligence agency said on Thursday.
Published 13 Oct, 2006 12:00am
Nepal panel questions king over protest crackdown

Nepal panel questions king over protest crackdown

A Nepali probe panel asked King Gyanendra on Thursday what he knows about the killing of democracy activists in April as the government and Maoist rebels said they would meet this weekend to finalise a peace deal.
Published 13 Oct, 2006 12:00am
Violence against children widely accepted: UN

Violence against children widely accepted: UN

Violence against children is widely accepted as normal around the world, and at least 106 countries still allow physical punishment in schools, a UN report on the issue showed on Thursday.
Published 13 Oct, 2006 12:00am
Gunmen storm Iraqi TV station, kill 11

Gunmen storm Iraqi TV station, kill 11

Gunmen stormed a television station in Baghdad on Thursday and shot dead 11 staff in the biggest attack yet on media in Iraq. Iraqi media organisations, funded by religious or political groups, are frequent targets for militant groups as attacks by Sunni
Published 13 Oct, 2006 12:00am
French parliamentarians vote Armenia 'genocide' bill

French parliamentarians vote Armenia 'genocide' bill

France's lower house of parliament approved a bill on Thursday making it a crime to deny Armenians suffered genocide at the hands of Ottoman Turks, provoking anger in Turkey and raising fresh doubts about its EU ambitions.
Published 13 Oct, 2006 12:00am
Orhan Pamuk wins Nobel prize for literature

Orhan Pamuk wins Nobel prize for literature

Turkey's best-known novelist Orhan Pamuk, who faced trial this year for insulting his country, won the 2006 Nobel prize for Literature on Thursday in a decision some critics called politically charged.
Published 13 Oct, 2006 12:00am
Major powers fail to agree on Iran sanctions, send dossier to UN

Major powers fail to agree on Iran sanctions, send dossier to UN

The six major powers confronting Iran over its nuclear programme failed Wednesday to agree on sanctions to impose on Tehran and sent the dossier to their ambassadors at the United Nations for further talks, senior US officials said.
Published 13 Oct, 2006 12:00am
UK rapped for Lebanon omission in rights report

UK rapped for Lebanon omission in rights report

Britain faced fresh criticism of its Middle East policies on Thursday after publishing a human rights report that highlighted Hezbollah attacks on Israel but did not mention Israel's military response in Lebanon.
Published 13 Oct, 2006 12:00am
Israeli forces kills 6 Palestinians

Israeli forces kills 6 Palestinians

Israeli forces killed six Palestinians, at least three of them Hamas militants, during a Gaza Strip raid on Thursday, pressing a nearly four-month offensive launched after a soldier was abducted, witnesses said.
Published 13 Oct, 2006 12:00am
North Korea warns Japan against sanctions

North Korea warns Japan against sanctions

North Korea threatened Japan on Thursday with "strong countermeasures" if it goes ahead with tougher sanctions over Pyongyang's reported nuclear test.
Published 13 Oct, 2006 12:00am
US forces in Iraq to test IBM translation device

US forces in Iraq to test IBM translation device

The US military may soon be able to communicate better with Iraqis in their own language, thanks to technology developed by IBM that quickly translates spoken English into Iraqi Arabic.
Published 13 Oct, 2006 12:00am
US gives assurances on Indian nuclear deal

US gives assurances on Indian nuclear deal

A top US official has given assurances that the United States wants to go ahead with a key civilian nuclear deal with India, easing fears for the agreement raised by North Korea's atomic test.
Published 13 Oct, 2006 12:00am
Indian rupee extends gains

Indian rupee extends gains

The Indian rupee rose on Thursday for a second straight day, underpinned by robust inflows into a rallying stock market and lower crude oil prices which are expected to help ease the current account deficit, dealers said.
Published 13 Oct, 2006 12:00am
Sterling under pressure

Sterling under pressure

Sterling erased early gains against the dollar on Thursday, moving back towards the previous day's 2-1/2 month low, as two new Bank of England policymakers sounded a balanced note on risks to inflation and growth.
Published 13 Oct, 2006 12:00am
Dollar trims post-Fed gains

Dollar trims post-Fed gains

The dollar stepped back from this week's 2-1/2 month high against an index of currencies on Thursday, paring gains made after the publication on Wednesday of minutes from the Federal Reserve's latest policy meeting dampened expectations for an interest ra
Published 13 Oct, 2006 12:00am
Taiwan stocks dip

Taiwan stocks dip

Taiwan stocks ended down 0.32 percent on Thursday as investors shunned shares of financial and technology firms such as HTC, which reported weaker-than-expected September sales.
Published 13 Oct, 2006 12:00am
Philippines shares up

Philippines shares up

Philippines share prices closed 0.28 percent higher on Thursday on last minute bargain-hunting, in line with gains elsewhere in the region on the back of falling oil prices, dealers said. They said gains were made in Globe Telecom Inc and parent Ayala Cor
Published 13 Oct, 2006 12:00am
Hong Kong blue chips steady

Hong Kong blue chips steady

Hong Kong blue chips briefly tapped fresh six-year highs before easing to a flat close on Thursday, but China plays outperformed as investors chased mainland banking and commodity stocks.
Published 13 Oct, 2006 12:00am
US stocks fall on earnings

US stocks fall on earnings

US stocks fell on Wednesday after some high-profile earnings disappointments sullied the outlook for corporate profits and minutes from the Federal Reserve's latest meeting dashed hopes for an interest-rate cut any time soon.
Published 13 Oct, 2006 12:00am
US Treasuries drop

US Treasuries drop

US Treasury debt prices fell on Wednesday for a fourth straight session after minutes of Federal Reserve's September meeting showed that most policy-makers remained "quite concerned" about inflation.
Published 13 Oct, 2006 12:00am
US Treasuries drop

US Treasuries drop

US Treasury debt prices fell on Wednesday for a fourth straight session after minutes of Federal Reserve's September meeting showed that most policy-makers remained "quite concerned" about inflation.
Published 13 Oct, 2006 12:00am
Jakarta shares slump

Jakarta shares slump

Jakarta share prices closed 0.23 percent lower on Thursday driven down by profit-taking in selected stocks, dealers said. They said investors were looking for fresh leads such as upcoming third quarter results, which are due to be released later this mont
Published 13 Oct, 2006 12:00am
Singapore stocks end flat

Singapore stocks end flat

Singapore share prices closed flat on Thursday as investors sold selected blue chips late in the session, dealers said. But sentiment remained positive amid falling oil prices and hopes for strong third quarter company earnings results, they said.
Published 13 Oct, 2006 12:00am
Thai share prices surge

Thai share prices surge

Thai share prices closed 1.70 percent higher on Thursday, rebounding to a pre-coup level thanks to buying of stocks linked to telecom giant Shin Corp, dealers said.
Published 13 Oct, 2006 12:00am
Nikkei slips

Nikkei slips

The Nikkei average slipped 0.19 percent on Thursday as Sony Corp. rose, helped by Sony Ericsson's stronger-than-expected earnings, but bank shares rang up losses on a bearish UBS report.
Published 13 Oct, 2006 12:00am
Indian shares jump

Indian shares jump

Indian share prices closed up 1.49 percent at their second-highest level ever on Thursday, driven by sharp gains by software stocks, dealers said. They said the strong performance came on the back of IT services giant Infosys' better-than-expected 52 perc
Published 13 Oct, 2006 12:00am
Chinese shares tumble

Chinese shares tumble

Chinese shares closed down 0.67 percent on Thursday, coming off recent five-year highs, as Industrial and Commercial Bank of China's upcoming initial public offering diverted funds.
Published 13 Oct, 2006 12:00am
Dow touches record high

Dow touches record high

US stocks gained on Thursday, pushing the Dow Jones average to another record high, on stronger-than-expected earnings news from consumer-sector companies, including McDonald''s Corp Warehouse club Costco Wholesale Corp and Yum Brands Inc, the operator of
Published 13 Oct, 2006 12:00am
Dow touches record high

Dow touches record high

US stocks gained on Thursday, pushing the Dow Jones average to another record high, on stronger-than-expected earnings news from consumer-sector companies, including McDonald's Corp Warehouse club Costco Wholesale Corp and Yum Brands Inc, the operator of
Published 13 Oct, 2006 12:00am
Dow touches record high

Dow touches record high

US stocks gained on Thursday, pushing the Dow Jones average to another record high, on stronger-than-expected earnings news from consumer-sector companies, including McDonald's Corp Warehouse club Costco Wholesale Corp and Yum Brands Inc, the operator of
Published 13 Oct, 2006 12:00am
EADS tighter in rallying credit market

EADS tighter in rallying credit market

European credit markets generally rallied on Thursday, buoyed by a positive showing for stock markets, with aerospace firm EADS boosted by hopes of German government support. But in the high-yield market, bonds of telecommunications provider Damovo plunge
Published 13 Oct, 2006 12:00am
EADS tighter in rallying credit market

EADS tighter in rallying credit market

European credit markets generally rallied on Thursday, buoyed by a positive showing for stock markets, with aerospace firm EADS boosted by hopes of German government support. But in the high-yield market, bonds of telecommunications provider Damovo plunge
Published 13 Oct, 2006 12:00am
Seoul shares gain

Seoul shares gain

Seoul shares rose 0.5 percent on Thursday, led by energy cost-sensitive firms such as Korean Air after oil prices fell to their lowest this year, and as recently battered stocks such as Hynix Semiconductor recovered.
Published 13 Oct, 2006 12:00am
Malaysian shares higher

Malaysian shares higher

Malaysian share prices closed 0.52 percent higher Thursday with sentiment boosted by a drop in crude oil prices in New York overnight, dealers said. The Kuala Lumpur Composite Index gained 5.25 points at 975.62 and volume traded was 840.37 million shares
Published 13 Oct, 2006 12:00am
FTSE closes at six-month high

FTSE closes at six-month high

Britain's FTSE 100 closed at its highest level in six months on Thursday, led by mining stocks, which benefited from record high nickel and lead prices, with copper steady. Financial stocks also performed well as bid talk again resurfaced, traders said.
Published 13 Oct, 2006 12:00am
USDA paying $4.6 billion in crop subsidies

USDA paying $4.6 billion in crop subsidies

US grain, cotton and soybean farmers will soon receive $4.6 billion in crop subsidies, with corn growers getting one-third of them, the US Agriculture Department said on Thursday.
Published 13 Oct, 2006 12:00am
'Volatile commodities attracting new investors'

'Volatile commodities attracting new investors'

New investors are flocking to commodity markets, attracted by the profit potential of wild price swings that have deterred more traditional users of the market, the head of metals at Swiss bank UBS AG, said Thursday.
Published 13 Oct, 2006 12:00am
Iran halts Thai rice purchases for 2006

Iran halts Thai rice purchases for 2006

Key Thai rice buyer Iran has stopped buying for this year after importing nearly six times its purchases of last year, a senior Thai official said on Thursday. "Iran has finished buying for this fiscal year after importing a very large amount compared to
Published 13 Oct, 2006 12:00am
Oil prices rise, stockpiles weigh

Oil prices rise, stockpiles weigh

Oil prices edged higher on Thursday, recovering from a slide to their lowest level this year after US government data showed a fall in stocks of winter heating fuel. But a big rise in overall crude stocks and Opec indecision over an output cut limited gai
Published 13 Oct, 2006 12:00am
EU grants wheat and barley imports under quotas

EU grants wheat and barley imports under quotas

The European Union's grain management committee has granted import licences for 47,998 tonnes of soft wheat and 4,000 tonnes of feed barley under its tariff rate quotas, official data showed on Thursday.
Published 13 Oct, 2006 12:00am
New York cotton settles firm

New York cotton settles firm

Cotton futures bucked the bearish impact of a government crop report to end higher Thursday and the trade will now wait for leads to see which way fibre contracts will move in the days ahead, brokers said.
Published 13 Oct, 2006 12:00am
London sugar higher

London sugar higher

London sugar futures closed higher on trade and speculative buying and spread activity in thin volumes, and traders said the market was seeking direction. December settled up $4.30 at $396.80 per tonne after trading from $399.00 to $390.00. Total volume w
Published 13 Oct, 2006 12:00am
Nickel hits fresh record high

Nickel hits fresh record high

London nickel futures hit a fresh record peak on worries about tight inventories, while lead jumped to a new contract high on expectations that the premium for the physical material will rise, traders said.
Published 13 Oct, 2006 12:00am
Gold ticks higher in London

Gold ticks higher in London

Gold edged higher on Thursday on bargain hunting and a weaker dollar but remained mired in a familiar range, struggling to break out either way. Its fate was seen tied to movements in oil prices and the dollar in the near term, traders said.
Published 13 Oct, 2006 12:00am
US MIDDAY: cocoa hits six-week low

US MIDDAY: cocoa hits six-week low

US cocoa futures ended down for a fifth straight session on Thursday with worries over a bumper harvest in West Africa briefly pushing the benchmark contract to its lowest level in six weeks.
Published 13 Oct, 2006 12:00am
US MIDDAY: sugar edges up

US MIDDAY: sugar edges up

Raw sugar prices settled mixed Thursday as the market eked out small gains in the front months due to speculative and trade buying, with brokers saying the sweetener should trade in a range over the next few sessions.
Published 13 Oct, 2006 12:00am
US MIDDAY: corn leaps

US MIDDAY: corn leaps

Corn futures at the Chicago Board of Trade leaped 6 percent to two-year highs and new contract highs early on Thursday following the release of bullish crop and stocks data by the US Department of Agriculture (USDA), traders said.
Published 13 Oct, 2006 12:00am
US MIDDAY: wheat sags

US MIDDAY: wheat sags

Nearby wheat futures at the Chicago Board of Trade were lower at midsession on Thursday in volatile trade, retreating from a higher open on bullish data in the USDA's October crop reports, traders said.
Published 13 Oct, 2006 12:00am
US MIDDAY: copper down

US MIDDAY: copper down

Copper futures in New York recouped some early losses on Thursday, as prices neared the lower end of their wide trading band and speculative interest continued to exit the market, sources said.
Published 13 Oct, 2006 12:00am
US MIDDAY: soyabeans rise

US MIDDAY: soyabeans rise

Soyabean futures at the Chicago Board of Trade rose early Thursday following corn after the government surprised traders by cutting its estimate of the US corn crop, traders said.
Published 13 Oct, 2006 12:00am
US MIDDAY: gold steadies

US MIDDAY: gold steadies

US gold futures tossed back and forth in a small range and finally found its footing at modestly higher levels early on Thursday, after the record US trade gap hit the dollar and helped prop up gold, traders said.
Published 13 Oct, 2006 12:00am
US Consulate and Care sign agreement

US Consulate and Care sign agreement

The US Consulate and Lahore-based NGO Care (Co-operation for Advancement, Rehabilitation and Education) on Thursday signed a $150,000 grant agreement that aims to teach English to 300 students from government schools in Lahore over a two-year period under
Published 13 Oct, 2006 12:00am
Clarification

Clarification

The Education and Literacy Department, Sindh has clarified a report published in a section of press and denied that there was any intention to sell any Intermediate or any other college to any part whatsoever.
Published 13 Oct, 2006 12:00am
Punjab University annual fee lowest in country: VC

Punjab University annual fee lowest in country: VC

Punjab University, the oldest seat of learning, has emerged as one of the leading public universities with maximum number of faculties and disciplines in the country and lowest annual fee for postgraduate and undergraduate courses.
Published 13 Oct, 2006 12:00am
World Food Day on 16

World Food Day on 16

University of Agriculture, Faisalabad will celebrate World Food Day on October 16, 2006 under the auspices of Food and Agriculture Organisation (FAO) of the United Nation. The theme selected for the current year is 'Investing in Agriculture for Food Secur
Published 13 Oct, 2006 12:00am
'Government won't be allowed to amend Hudood Ordinance'

'Government won't be allowed to amend Hudood Ordinance'

Opposition leader in the National Assembly Maulana Fazlur Rehman has said that the government will not be allowed to amend the Hudood Ordinance. Talking to his party workers in Jamia Madina here, he alleged that by amending the Hudood Ordinance on the dic
Published 13 Oct, 2006 12:00am
Farmers demand interest-free loans for next crop

Farmers demand interest-free loans for next crop

A number of farmers from Khan Bela and adjoining areas here have demanded that they may be given wavers of government taxes as their cotton crop has suffered heavily due to virus and flies despite the use of pesticides.
Published 13 Oct, 2006 12:00am
'Devolution of power not enough for empowerment'

'Devolution of power not enough for empowerment'

Devolution of power alone is not enough for people's empowerment. Their vote once in five years does not guarantee their empowerment. "Citizens have power to vote and elect but they have no power to check corrupt officials, sack corrupt politicians and ch
Published 13 Oct, 2006 12:00am
'Opposition's undemocratic attitude hurting democracy'

'Opposition's undemocratic attitude hurting democracy'

Punjab Law Minister Muhammad Basharat Raja on Thursday said that undemocratic attitude by the so-called champions of democracy negatively impacted democratic process in the country in the past years.
Published 13 Oct, 2006 12:00am
Union council nazim among six drug peddlers arrested

Union council nazim among six drug peddlers arrested

Anti-Narcotics Force (ANF) recovered 7102 kilograms contraband (charas), seven kilograms opium and 1.1 kilogram heroin and arrested six smugglers, including a union council nazim of Charsadda in four different operations.
Published 13 Oct, 2006 12:00am
Police asked for strict security on Hazrat Ali's day

Police asked for strict security on Hazrat Ali's day

City District Nazim Sheikh Faisal Mukhtar has directed the police to maintain peaceful atmosphere on Hazarat Ali's martyrdom day. Addressing a meeting here on Wednesday, he directed the police to make foolproof security arrangements in the city so that Ha
Published 13 Oct, 2006 12:00am
Poor planning creating traffic chaos in Sialkot

Poor planning creating traffic chaos in Sialkot

The city dwellers are confronting with various problems like parking and total traffic chaos due to the poor planning of district administration, resultantly road accidents and traffic jams had become a daily routine.
Published 13 Oct, 2006 12:00am
Dengue fever

Dengue fever

The North Nazimabad Town should take a serious note of dengue fever which is spreading through mosquitoes. Several cases have been reported by hospitals, necessary measures should be taken by every town to get their respective areas fog sprayed for our ti
Published 13 Oct, 2006 12:00am
Nato's viceroy

Nato's viceroy

North Atlantic Treaty Organisation (Nato) has now assumed a new role of being viceroy in Afghanistan and not fot its peace keeping and supervisory role.
Published 13 Oct, 2006 12:00am
Appeal for clemency

Appeal for clemency

On Friday morning I read online about the seemingly unending ordeal over the past 18 years of Mirza Tahir Hussein, as reported by a London Times correspondent who visited the hapless prisoner a few days ago in his death-row cell in Rawalpindi Central Jail
Published 13 Oct, 2006 12:00am
Amid civil war fears, Fatah and Hamas stockpile arms

Amid civil war fears, Fatah and Hamas stockpile arms

When hundreds of Fatah gunmen paraded past his West Bank supermarket last week, Mohammad Zahi stared unbelieving at their sparkling black M16 assault rifles. In years past, gunmen in similar military displays waved aging Kalashnikovs, the cheaper and crud
Published 13 Oct, 2006 12:00am
Construction of dams to bring new era of development

Construction of dams to bring new era of development

The urgency to construct dams and reservoirs in Pakistan to meet water needs through conservation and judicious distribution of water cannot be overlooked. The expansion in agricultural activities is becoming inevitable as shrinkage in the production of b
Published 13 Oct, 2006 12:00am
North Korea's nuclear test

North Korea's nuclear test

The nuclear test North Korea conducted last Monday has understandably triggered world-wide condemnation and concern as, among other things, it has irretrievably changed the security equation in the sensitive Korean peninsula.
Published 13 Oct, 2006 12:00am
Bitter truth about sugar

Bitter truth about sugar

The same ritual is repeated every year and almost to the point of perfection. Citing various reasons, the sugarcane growers demand a high price for their product at the start of crushing season, mill owners refuse to buy the commodity at exorbitant prices
Published 13 Oct, 2006 12:00am
PML-Nawaz observes black day

PML-Nawaz observes black day

The NWFP Pakistan Muslim League (PML-N) on Thursday observed black day to condemn the military take-over and overthrowing the democratic elected government of Nawaz Sharif on October 12, 1999. In this connection, the Muslim Students Federation staged a pr
Published 13 Oct, 2006 12:00am
No compromise over provincial rights: Siraj

No compromise over provincial rights: Siraj

NWFP Senior Minister Siraj-ul-Haq has said the MMA government will continue its endeavours for ensuring genuine rights of the province. He said the sense of deprivation of the poor masses would be removed by accelerating the pace of progress and prosperit
Published 13 Oct, 2006 12:00am
Opposition seeks debate on Ayub Park blast

Opposition seeks debate on Ayub Park blast

Joint opposition on Thursday filed four adjournment motions, two of which seeking discussion in the Senate on recent blast at Ayub Park and recovery of two rockets from in front of the Parliament House.
Published 13 Oct, 2006 12:00am
Benazir-Nawaz meeting to have heavy agenda

Benazir-Nawaz meeting to have heavy agenda

The upcoming Benazir Bhutto-Nawaz Sharif rendezvous on October 19 is expected to help the opposition parties to adopt a future course of action, besides allaying mutual apprehensions. Both the leaders, will take each other into confidence in the wake of a
Published 13 Oct, 2006 12:00am
Education census lessens hopes of achieving MDGs

Education census lessens hopes of achieving MDGs

Census on Education has unfolded shocking revelation diminishing the hopes of achieving Millennium Development Goals (MDGs) following detection of a large number of educational institution in the Federal Capital without basic facilities.
Published 13 Oct, 2006 12:00am
Transfers and postings

Transfers and postings

The Chief Justice made transfers and postings among two additional district and sessions judges (AD&SJs) and two civil judges-cum-judicial magistrates. According to a notification, AD&SJ Muhammad Qasim has been transferred from Depalpur to Okara and Zulfi
Published 13 Oct, 2006 12:00am
LHC adjourns petition

LHC adjourns petition

The Lahore High Court (LHC) has adjourned till October 17, the proceedings in a petition filed by district nazim Kasur Rana Hayat praying to the court to direct the respondent district administration to release funds for schemes duly approved by the distr
Published 13 Oct, 2006 12:00am
LHC returns petition

LHC returns petition

The Lahore High Court (LHC) has returned the petition filed by family members of former Prime Minister Nawaz Sharif challenging issuance of notices for payment of excessive amount of wealth tax by the authorities concerned.
Published 13 Oct, 2006 12:00am
Tobacco industry paying Rs 30 billion in taxes

Tobacco industry paying Rs 30 billion in taxes

A sub-committee of the standing committee on commerce told on Thursday that tobacco industry was contributing Rs 30 billion to the national exchequer. The meeting held in the Parliament House under the convenorship of Syed Naveed Qamar, MNA to discuss pur
Published 13 Oct, 2006 12:00am
New CBR member assumes charge

New CBR member assumes charge

A top official of the customs and excise group, Mrs Musarrat Jabeen, has assumed charge of the CBR (member) tax policy and reforms, replacing Khawaja Tanvir Ahmed, who is on training.
Published 13 Oct, 2006 12:00am
Vietnamese trade team due in November

Vietnamese trade team due in November

The Commercial Counsellor and Head of Vietnam Trade Office, Naguyen Hong, informed the business community that a high-powered trade delegation from Vietnam will visit Pakistan in November this year and sign two memorandums of understanding (MoUs) with the
Published 13 Oct, 2006 12:00am
Mutton and beef prices go up by Rs 10 per kg

Mutton and beef prices go up by Rs 10 per kg

Prices of mutton and beef went up by Rs 10 per kg on Thursday as shortage of slaughter animal was being reported from the bordering areas of Rajasthan and Tharparkar for the past one week.
Published 13 Oct, 2006 12:00am
Causes for delay in NDP implementation discussed

Causes for delay in NDP implementation discussed

The causes for delay in the implementation of National Drainage Programme (NDP) came under consideration at a meeting held under the chairmanship of Sindh Chief Secretary Fazlur Rehman here on Thursday. The performance of NDP in the backdrop of last meeti
Published 13 Oct, 2006 12:00am
Stamp duty levy: Karachi farm land may be excluded from urban area

Stamp duty levy: Karachi farm land may be excluded from urban area

The Sindh government is likely to exclude agriculture land situated within the limits of the city district government Karachi (CDGK) from the category of Urban area for its valuation for levy of stamp duty. In this connection, the provincial government wi
Published 13 Oct, 2006 12:00am
Etihad Airways chief executive named

Etihad Airways chief executive named

James Hogan has been appointed as the Chief Executive of the Etihad Airways with immediate effect, said an announcement here on Thursday. It said the appointment was in line with the stated objective to achieve and sustain a "pre-eminent global market pos
Published 13 Oct, 2006 12:00am
Transfers and postings

Transfers and postings

The Sindh government has ordered postings and transfers in different departments with immediate effect, said a press release on Thursday. Shamsul Haq Jafrani, an officer of former PCS (BS-20) awaiting posting is posted as Director General Culture Sindh ag
Published 13 Oct, 2006 12:00am
French investors invited to invest in Hyderabad projects

French investors invited to invest in Hyderabad projects

The District Nazim Hyderabad Kanwar Naveed Jamil has said that establishment of five star hotel, industrial expo centre and extension of industrial estate was at the top of the district government agenda to introduce and strengthen new economic & industri
Published 13 Oct, 2006 12:00am
40 masterpieces of Islamic calligraphy put on display

40 masterpieces of Islamic calligraphy put on display

Calligraphy is a very precious asset of Islamic civilisation and calligraphers and artists of every age and generation have been trying hard to propagate the enlightening message of the Holy Quran through their artistic skills in the form of images and wo
Published 13 Oct, 2006 12:00am
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