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Print - 2007-02-06
Government warned against striking any deal on Kashmir

Government warned against striking any deal on Kashmir

Speakers at a seminar here on Monday warned the sitting rulers to abstain from striking any deal with the Indian government on Kashmir issue, against the wishes of Kashmiri people because it would be meaningless. They were speaking at a seminar held under
Published 06 Feb, 2007 12:00am
MMA marks Kashmir Day in Sindh

MMA marks Kashmir Day in Sindh

Muttahida Majlis-i-Amal (MMA) on Monday observed the Kashmir Solidarity Day throughout Sindh province including Karachi to express unity with the people of Kashmir. According to a MMA press release, special prayers were offered in the mosques for the succ
Published 06 Feb, 2007 12:00am
IPRI seminar from February 13

IPRI seminar from February 13

Islamabad Policy Research Institute (IPRI) will hold an international seminar "Quest for energy- security in Asia" in collaboration with Hanns Seidel Foundation, here at a hotel on February 13 and 14. IPRI President Professor Pervaiz Iqbal Cheema will ina
Published 06 Feb, 2007 12:00am
Two million Afghan DPs registered so far

Two million Afghan DPs registered so far

Two million Afghan refugees living in Pakistan have been registered since last October in an exercise by the government to provide Proof of Registration (PoR) cards to those who were counted in the 2005 census.
Published 06 Feb, 2007 12:00am
MMA rejects Musharraf's Kashmir formula

MMA rejects Musharraf's Kashmir formula

Muttahida Majlis-i-Amal President Qazi Hussain Ahmed on Monday said that MMA would not attend National Assembly session till the decision of its Supreme Council in this regard. He was talking to journalists at a public rally marking the Kashmir Solidarity
Published 06 Feb, 2007 12:00am
Hearing of missing persons' case resumes today

Hearing of missing persons' case resumes today

A full bench of the Supreme Court (SC), headed by Chief Justice of Pakistan Justice Iftikhar Muhammad Chaudhry, will resume hearing of the missing persons' case on Tuesday.
Published 06 Feb, 2007 12:00am
World Seraiki Congress on February 13

World Seraiki Congress on February 13

A general body meeting of the World Seraiki Congress will be held on February 13, in Islamabad in which members of parliament and senior citizens belonging to Seraiki region will participate.
Published 06 Feb, 2007 12:00am
Fair weather forecast

Fair weather forecast

The Met office has forecast fair weather with fogy morning for Karachi on Tuesday with minimum temperature in range 17-19 degree centigrade. Dry weather is forecast for Hyderabad, Mirpurkhas, Sukkur and Larkana divisions on Tuesday.
Published 06 Feb, 2007 12:00am
'Ministers ignoring National Assembly proceeding'

'Ministers ignoring National Assembly proceeding'

Muttahida Majlis-i-Amal MNA Muhammad Hanif Abbasi has said that ministers are not taking interest in the National Assembly proceedings. Talking to private TV channel on Sunday.
Published 06 Feb, 2007 12:00am
PPP not to allow government to strike any deal with India

PPP not to allow government to strike any deal with India

Pakistan People's Party Parliamentarians (PPPP) will not allow the government to strike any agreement with Indian government against the will of Kashmiri people. This was stated by the PPPP leaders while addressing a function held to observe Kashmir Day h
Published 06 Feb, 2007 12:00am
Beijing Review gets award for Pak-China supplement

Beijing Review gets award for Pak-China supplement

The mass circulated Beijing Review, on its special supplement on China-Pakistan Relations was awarded certification "as the Best Planning (English) Periodical Supplement 2006". The certification was awarded to the magazine by China Foreign Language Public
Published 06 Feb, 2007 12:00am
Hassan Bin Talal arrives

Hassan Bin Talal arrives

Prince Hassan Bin Talal of Jordan arrived here on a private visit on Monday evening. At the Karachi Airport, the distinguished guest was received by the Adviser to the Sindh Chief Minister on Home, Wasim Akhtar.
Published 06 Feb, 2007 12:00am
Encroachments at railway crossing removed

Encroachments at railway crossing removed

The Shah Faisal Town administration on Monday carried out an anti-encroachment operation at the Railway Crossing in Union Council No 1 and removed all illegal constructions at government land.
Published 06 Feb, 2007 12:00am
Greece encourages Indo-Pak talks: envoy

Greece encourages Indo-Pak talks: envoy

Ambassador of Greece Athanassios M Valassidis has said that his country along with its European partners would continue to encourage Pak-India ongoing dialogue process.
Published 06 Feb, 2007 12:00am
PTV should show respect to national heroes: adviser

PTV should show respect to national heroes: adviser

Sindh information adviser Salahuddin Haider has urged the Pakistan Television (PTV) to show respect to poets, men of letters, all of whom are national assets and deserved to be treated as such.
Published 06 Feb, 2007 12:00am
Musharraf's formula may help resolve Kashmir issue: Afgan

Musharraf's formula may help resolve Kashmir issue: Afgan

Federal Minister for Parliamentary Affairs, Dr Sher Afgar Khan Niazi, here on Monday said that the four-point solution suggested by President General Pervez Musharraf can result in amicable settlement of the long standing issue of Kashmir.
Published 06 Feb, 2007 12:00am
President's vision being given practical shape: Elahi

President's vision being given practical shape: Elahi

Punjab Chief Minister Chaudhry Pervaiz Elahi has said that in accordance with the vision of President General Pervez Musharraf, a big programme is being given a practical shape for the large scale development of major cities of the province including Laho
Published 06 Feb, 2007 12:00am
Billions of rupees being spent to end poverty: Amir

Billions of rupees being spent to end poverty: Amir

National Assembly's Speaker Chaudhry Amir Hussain has said that government was mobilising billions of rupees on banishing backwardness, poverty alleviation and on the provision of basic facilities to the masses in far-off areas of the country.
Published 06 Feb, 2007 12:00am
Musharraf in Ankara

Musharraf in Ankara

President Pervez Musharraf arrived on Monday in Ankara for a two-day visit during which Iraq, Afghanistan and Middle East peace plan will be at the centre of his talks. Musharraf flew in from Tehran, where he had met Iranian President Mahmoud Ahmadinejad,
Published 06 Feb, 2007 12:00am
Musharraf in Ankara

Musharraf in Ankara

President Pervez Musharraf arrived on Monday in Ankara for a two-day visit during which Iraq, Afghanistan and Middle East peace plan will be at the centre of his talks. Musharraf flew in from Tehran, where he had met Iranian President Mahmoud Ahmadinejad,
Published 06 Feb, 2007 12:00am
Banned Lashkar-e-Jhangvi chief held in Lahore

Banned Lashkar-e-Jhangvi chief held in Lahore

The head of an outlawed militant group linked to al Qaeda has been arrested with four of his colleagues, police said on Monday. The main suspect, identified as Rizwan Ahmad, is head of the Lashkar-e-Jhangvi group.
Published 06 Feb, 2007 12:00am
Banned Lashkar-e-Jhangvi chief held in Lahore

Banned Lashkar-e-Jhangvi chief held in Lahore

The head of an outlawed militant group linked to al Qaeda has been arrested with four of his colleagues, police said on Monday. The main suspect, identified as Rizwan Ahmad, is head of the Lashkar-e-Jhangvi group.
Published 06 Feb, 2007 12:00am
Framing FBR law: CBR issues guidelines to legal advisor

Framing FBR law: CBR issues guidelines to legal advisor

The Central Board of Revenue (CBR) has issued guidelines to its legal advisor for framing the draft of Federal Board of Revenue (FBR) law. Official sources told Business Recorder that the Board has identified seven major areas on which the Legal Ad
Published 06 Feb, 2007 12:00am
Framing FBR law: CBR issues guidelines to legal advisor

Framing FBR law: CBR issues guidelines to legal advisor

The Central Board of Revenue (CBR) has issued guidelines to its legal advisor for framing the draft of Federal Board of Revenue (FBR) law. Official sources told Business Recorder that the Board has identified seven major areas on which the Legal Ad
Published 06 Feb, 2007 12:00am
Framing FBR law: CBR issues guidelines to legal advisor

Framing FBR law: CBR issues guidelines to legal advisor

The Central Board of Revenue (CBR) has issued guidelines to its legal advisor for framing the draft of Federal Board of Revenue (FBR) law. Official sources told Business Recorder that the Board has identified seven major areas on which the Legal Ad
Published 06 Feb, 2007 12:00am
Nearly 50 dead as tanks, troops deployed in Baghdad

Nearly 50 dead as tanks, troops deployed in Baghdad

Iraqi and US troops pressed closer to a long-announced battle against sectarian carnage in Baghdad that has pushed Iraq toward civil war, as at least 47 people died in another surge of brutality on Monday. Police also found 25 corpses.
Published 06 Feb, 2007 12:00am
Nearly 50 dead as tanks, troops deployed in Baghdad

Nearly 50 dead as tanks, troops deployed in Baghdad

Iraqi and US troops pressed closer to a long-announced battle against sectarian carnage in Baghdad that has pushed Iraq toward civil war, as at least 47 people died in another surge of brutality on Monday. Police also found 25 corpses.
Published 06 Feb, 2007 12:00am
Wholesale farm produce markets to be set up

Wholesale farm produce markets to be set up

The Ministry of Food, Agriculture and Livestock (Minfal) is working on a project to set up wholesale agri-markets in Islamabad and all provincial capitals, Business Recorder learnt on Monday. "We are studying Singapore and Indian models for setting
Published 06 Feb, 2007 12:00am
Wholesale farm produce markets to be set up

Wholesale farm produce markets to be set up

The Ministry of Food, Agriculture and Livestock (Minfal) is working on a project to set up wholesale agri-markets in Islamabad and all provincial capitals, Business Recorder learnt on Monday. "We are studying Singapore and Indian models for setting
Published 06 Feb, 2007 12:00am
Wholesale farm produce markets to be set up

Wholesale farm produce markets to be set up

The Ministry of Food, Agriculture and Livestock (Minfal) is working on a project to set up wholesale agri-markets in Islamabad and all provincial capitals, Business Recorder learnt on Monday. "We are studying Singapore and Indian models for setting
Published 06 Feb, 2007 12:00am
One dies, three wounded as bomb goes off

One dies, three wounded as bomb goes off

One man died and three others wounded on Sunday when an unused bomb went off in village-138 Abbasia, Liaquatpur, some 190 km south of Multan. The Deputy Inspector General of Police Bahawalpur, Ghulam Haider Marth, when contacted on Monday said it was an a
Published 06 Feb, 2007 12:00am
One dies, three wounded as bomb goes off

One dies, three wounded as bomb goes off

One man died and three others wounded on Sunday when an unused bomb went off in village-138 Abbasia, Liaquatpur, some 190 km south of Multan. The Deputy Inspector General of Police Bahawalpur, Ghulam Haider Marth, when contacted on Monday said it was an a
Published 06 Feb, 2007 12:00am
Musharraf optimistic about resolution of Kashmir issue

Musharraf optimistic about resolution of Kashmir issue

President General Pervez Musharraf on Monday, expressing optimism towards the resolution of the Kashmir dispute, said the focus of the two countries had shifted from a confrontationist to a reconciliatory approach.
Published 06 Feb, 2007 12:00am
New scheme for Madaris students may be unveiled

New scheme for Madaris students may be unveiled

While the Madaris registration controversy is still lingering on, the government is likely to unveil a new scheme for seminary students at the national level, making certain modern subjects compulsory for issuance of SSC and HSSC equivalent certificates,
Published 06 Feb, 2007 12:00am
India orders probe into murder of Kashmiris in fake encounters

India orders probe into murder of Kashmiris in fake encounters

Indian authorities have launched investigations into allegations that at least three innocent civilians were killed by occupying security forces in Indian Held Kashmir late last year, officials said on Monday, following public anger.
Published 06 Feb, 2007 12:00am
Two former Siemens managers to appear in court

Two former Siemens managers to appear in court

Two former managers of Siemens' power division are to appear in court next month on charges they paid six million euros (78 million dollars) in bribes to obtain major contracts from Italian power giant Enel, the court said on Monday.
Published 06 Feb, 2007 12:00am
Germany fighting Airbus job cuts

Germany fighting Airbus job cuts

Germany will fight with all the means it can to save local jobs at European plane maker Airbus, Economy Minister Michael Glos said on Monday. The government is worried that German workers will bear the brunt of expected job cuts at EADS's Airbus unit when
Published 06 Feb, 2007 12:00am
Australia softens stand on carbon trading

Australia softens stand on carbon trading

Australia's conservative government softened its long-held opposition to carbon trading on Monday, prompting business to warn the move could cost jobs and shift emissions offshore to China or Indonesia.
Published 06 Feb, 2007 12:00am
Opec to wait till March to gauge cut impact: Qatar

Opec to wait till March to gauge cut impact: Qatar

Opec will wait until March to gauge the impact of an output cut implemented on February 1 before deciding on any further action, Qatar's Energy Minister Abdullah bin Hamad al-Attiyah said on Monday.
Published 06 Feb, 2007 12:00am
Attacks overshadow Somali reconciliation meeting

Attacks overshadow Somali reconciliation meeting

Somali Prime Minister Ali Mohamed Gedi opened a reconciliation workshop in Mogadishu on Monday designed to foster peace amid an escalating spate of guerrilla-style attacks in the volatile Horn of Africa nation.
Published 06 Feb, 2007 12:00am
India's airlines face growing pains

India's airlines face growing pains

India's airlines lost 400 million dollars in the nine months ended December 2006 as high fuel and aircraft purchase costs hit carriers, and more trouble is ahead, aviation executives said Monday.
Published 06 Feb, 2007 12:00am
Kenyan economy grew by over six percent in 2006

Kenyan economy grew by over six percent in 2006

Kenya's economy grew by more than 6 percent in 2006, the finance minister said on Monday, repeating a figure given by the central bank earlier this year. Minister Amos Kimunya expected that trend to continue in 2007, when presidential and parliamentary el
Published 06 Feb, 2007 12:00am
Gas companies'' sell-off plan shelved

Gas companies'' sell-off plan shelved

The Privatisation Commission (PC) has shelved the sell-off plan of Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company (SSGC) until critical issues, including tariff are resolved, official sources told Business Recorder.
Published 06 Feb, 2007 12:00am
Gas companies' sell-off plan shelved

Gas companies' sell-off plan shelved

The Privatisation Commission (PC) has shelved the sell-off plan of Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company (SSGC) until critical issues, including tariff are resolved, official sources told Business Recorder.
Published 06 Feb, 2007 12:00am
Gas companies' sell-off plan shelved

Gas companies' sell-off plan shelved

The Privatisation Commission (PC) has shelved the sell-off plan of Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company (SSGC) until critical issues, including tariff are resolved, official sources told Business Recorder.
Published 06 Feb, 2007 12:00am
Garment export target in jeopardy

Garment export target in jeopardy

The country''s readymade garments exports target of $3,410 million for the current fiscal year (2006-07) is in jeopardy mainly due to the tough competition in international market and high cost of production, trade sources told Business Recorder on
Published 06 Feb, 2007 12:00am
Garment export target in jeopardy

Garment export target in jeopardy

The country's readymade garments exports target of $3,410 million for the current fiscal year (2006-07) is in jeopardy mainly due to the tough competition in international market and high cost of production, trade sources told Business Recorder on
Published 06 Feb, 2007 12:00am
Garment export target in jeopardy

Garment export target in jeopardy

The country's readymade garments exports target of $3,410 million for the current fiscal year (2006-07) is in jeopardy mainly due to the tough competition in international market and high cost of production, trade sources told Business Recorder on
Published 06 Feb, 2007 12:00am
Drug price adjustment rules delayed until June

Drug price adjustment rules delayed until June

The government has delayed the implementation of the drug discounts and price adjustment rules, 2006 until June this year. Sources told Business Recorder here on Monday that the decision was taken in a meeting of federal drug controller with the me
Published 06 Feb, 2007 12:00am
Drug price adjustment rules delayed until June

Drug price adjustment rules delayed until June

The government has delayed the implementation of the drug discounts and price adjustment rules, 2006 until June this year. Sources told Business Recorder here on Monday that the decision was taken in a meeting of federal drug controller with the me
Published 06 Feb, 2007 12:00am
Drug price adjustment rules delayed until June

Drug price adjustment rules delayed until June

The government has delayed the implementation of the drug discounts and price adjustment rules, 2006 until June this year. Sources told Business Recorder here on Monday that the decision was taken in a meeting of federal drug controller with the me
Published 06 Feb, 2007 12:00am
New value-added tax law to replace ST Act

New value-added tax law to replace ST Act

The Central Board of Revenue (CBR) has deputed a team of senior sales tax officials to prepare ''Value-Added Tax (VAT) law, 2007'' for simplifying all existing sales tax/federal excise returns, statements and declarations.
Published 06 Feb, 2007 12:00am
New value-added tax law to replace ST Act

New value-added tax law to replace ST Act

The Central Board of Revenue (CBR) has deputed a team of senior sales tax officials to prepare 'Value-Added Tax (VAT) law, 2007' for simplifying all existing sales tax/federal excise returns, statements and declarations.
Published 06 Feb, 2007 12:00am
New value-added tax law to replace ST Act

New value-added tax law to replace ST Act

The Central Board of Revenue (CBR) has deputed a team of senior sales tax officials to prepare 'Value-Added Tax (VAT) law, 2007' for simplifying all existing sales tax/federal excise returns, statements and declarations.
Published 06 Feb, 2007 12:00am
Bomb blast kills two tribal elders

Bomb blast kills two tribal elders

A remote-controlled bomb killed two pro-government tribal elders and wounded another on Monday in Bajaur, security officials said. The officials said the elders were apparently targeted for supporting Islamabad's efforts to purge the semi-autonomous front
Published 06 Feb, 2007 12:00am
The Weather

The Weather

The weather report on Monday (February 05, 2007) and the forecast for Tuesday (February 06, 2007).
Published 06 Feb, 2007 12:00am
Bomb blast kills two tribal elders

Bomb blast kills two tribal elders

A remote-controlled bomb killed two pro-government tribal elders and wounded another on Monday in Bajaur, security officials said. The officials said the elders were apparently targeted for supporting Islamabad's efforts to purge the semi-autonomous front
Published 06 Feb, 2007 12:00am
New York Cotton Rates

New York Cotton Rates

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

Published 06 Feb, 2007 12:00am
New York Cotton Rates

New York Cotton Rates

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

Published 06 Feb, 2007 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 06 Feb, 2007 12:00am
Trade deficit likely to peak at $8.8 billion: IMF

Trade deficit likely to peak at $8.8 billion: IMF

The International Monetary Fund (IMF) has forecast that Pakistan''s trade gap could swell further, and hinted a 5 percent increase in it to $8.8 billion-highest level so far--at the end of the current fiscal year, it is learnt.
Published 06 Feb, 2007 12:00am
Trade deficit likely to peak at $8.8 billion: IMF

Trade deficit likely to peak at $8.8 billion: IMF

The International Monetary Fund (IMF) has forecast that Pakistan's trade gap could swell further, and hinted a 5 percent increase in it to $8.8 billion-highest level so far--at the end of the current fiscal year, it is learnt.
Published 06 Feb, 2007 12:00am
Trade deficit likely to peak at $8.8 billion: IMF

Trade deficit likely to peak at $8.8 billion: IMF

The International Monetary Fund (IMF) has forecast that Pakistan's trade gap could swell further, and hinted a 5 percent increase in it to $8.8 billion-highest level so far--at the end of the current fiscal year, it is learnt.
Published 06 Feb, 2007 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 27th January 2007

Published 06 Feb, 2007 12:00am
Ordinances promulgated

Ordinances promulgated

President General Pervez Musharraf has promulgated the Pakistan Engineering Council (PEC) (Amendment) Ordinance, 2007. Meanwhile, the Acting President Mohammedmian Soomro on Monday promulgated four Ordinances namely Banks Nationalisation (Amendment) Ordin
Published 06 Feb, 2007 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 27th January 2007

Published 06 Feb, 2007 12:00am
Ordinances promulgated

Ordinances promulgated

President General Pervez Musharraf has promulgated the Pakistan Engineering Council (PEC) (Amendment) Ordinance, 2007. Meanwhile, the Acting President Mohammedmian Soomro on Monday promulgated four Ordinances namely Banks Nationalisation (Amendment) Ordin
Published 06 Feb, 2007 12:00am
US military in Iraq admits airstrike error

US military in Iraq admits airstrike error

US military officers offered their condolences on Monday to an Iraqi family south of Baghdad in a rare admission of error after killing two innocent Iraqis in an airstrike last Tuesday.
Published 06 Feb, 2007 12:00am
India wants time to consider gas price

India wants time to consider gas price

Iran said on Monday India had asked for more time to consider a price formula for Iranian gas to be supplied by a proposed $7 billion pipeline project that will also supply Pakistan.
Published 06 Feb, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (February 05, 2007).

Published 06 Feb, 2007 12:00am
India wants time to consider gas price

India wants time to consider gas price

Iran said on Monday India had asked for more time to consider a price formula for Iranian gas to be supplied by a proposed $7 billion pipeline project that will also supply Pakistan.
Published 06 Feb, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (February 05, 2007).

Published 06 Feb, 2007 12:00am
India wants time to consider gas price

India wants time to consider gas price

Iran said on Monday India had asked for more time to consider a price formula for Iranian gas to be supplied by a proposed $7 billion pipeline project that will also supply Pakistan.
Published 06 Feb, 2007 12:00am
Pakistan and Iran for early execution of IPI project

Pakistan and Iran for early execution of IPI project

President General Pervez Musharraf on Monday proposed a plan of action to bring about unity in the ranks of Ummah and to address major decisive issues in the region particularly Palestine, Lebanon and Iraq.
Published 06 Feb, 2007 12:00am
Pakistan and Iran for early execution of IPI project

Pakistan and Iran for early execution of IPI project

President General Pervez Musharraf on Monday proposed a plan of action to bring about unity in the ranks of Ummah and to address major decisive issues in the region particularly Palestine, Lebanon and Iraq.
Published 06 Feb, 2007 12:00am