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Print - 2007-05-20
Roadmap for future intra-trade among D-8 group in offing

Roadmap for future intra-trade among D-8 group in offing

"The Roadmap for future intra-trade between the members of the D-8 organisation is being prepared and it is expected that it would lead to doubling of the trade to over $60-70 billion within ten years. The present global trade of the eight countries is ov
Published 20 May, 2007 12:00am
Need to enhance trade ties with Cuba stressed

Need to enhance trade ties with Cuba stressed

Senate Chairman Mohammadmian Soomro has stressed the need for enhancing trade ties and co-orperation in the fields of education, health and agriculture between Pakistan and Cuba. He was talking to Cuban deputy foreign minister Rodrigues Parilla, who calle
Published 20 May, 2007 12:00am
MoST should plan to boost international patent

MoST should plan to boost international patent

Ministry of Science and Technology (MoST) should formulate and implement a plan to improve the number of international patents filed by Pakistanis and Pakistani organisations. It should recommend ways to increase investment in R & D as a percentage of GDP
Published 20 May, 2007 12:00am
Women entrepreneurs: government urged to allocate special quota in plots

Women entrepreneurs: government urged to allocate special quota in plots

Business women at a meeting here on Saturday have called upon the government to allocate special quota in plots for women entrepreneurs at all the Industrial Estates being set up in the province so that the goal of bringing industrial revolution could be
Published 20 May, 2007 12:00am
FPCCI clarification on TOO and TOR

FPCCI clarification on TOO and TOR

Tariq Sayeed, Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Committee on Trade Organisations Ordinance has said there is no uncertainty with regard to the implementation of agreement reached between the prime minister and the FPCCI dele
Published 20 May, 2007 12:00am
GCCI criticises KCCI's statement

GCCI criticises KCCI's statement

Gujranwala Chamber of Commerce and Industry (GCCI) president Rana Shahzad Hafeez has strongly criticised the statement of Karachi Chamber of Commerce and Industry (KCCI) leaders for describing the just demands of business community as agreed by the Prime
Published 20 May, 2007 12:00am
'Pakistan needs more nursing training institutes'

'Pakistan needs more nursing training institutes'

Pakistan needs more nursing training institutes to prepare our nurses according to the international standards, Aziz Ahmed Jan, Chief Operating Officer of Shifa International Hospital, said while addressing the 'International Nurses Day' celebrated here a
Published 20 May, 2007 12:00am
PSEB gets good response from UK investors

PSEB gets good response from UK investors

A delegation of Pakistan Software Export Board (PSEB) which recently visited UK received good response from the UK investors. The delegation was comprised representatives from 12 leading IT companies operating in Pakistan.
Published 20 May, 2007 12:00am
First mobile chillers inaugurated

First mobile chillers inaugurated

Federal Minister for Industries, Production and Special Initiatives, Jahangir Khan Tareen on Saturday said that manufacturing sector was likely to register 9-10 percent growth during the current financial year.
Published 20 May, 2007 12:00am
PML-N rally

PML-N rally

Pakistan Muslim League (N) will bring out a rally in Lahore on May 21. This rally would commence from Neela Gumbad and terminate at High Court Lahore premises during that day. Khawaja Saad Rafiq senior leader of the party averred this in Lahore, on Saturd
Published 20 May, 2007 12:00am
PPPP meeting

PPPP meeting

Pakistan Peoples Party Parliamentarian (PPPP) Punjab will hold an executive committee meeting in Gujranwala on May 28. Makhdoom Shah Mahmood Qureshi head of the provincial chapter of the Party will chair the meeting.
Published 20 May, 2007 12:00am
Surveyor General of India visits Lahore

Surveyor General of India visits Lahore

Major General M Gopal Rao, Surveyor General of India along with 6-members delegation visited the provincial metropolis on the second leg of their official visit to Pakistan. During their stay, the delegation visited historical places of the city here on S
Published 20 May, 2007 12:00am
PML-Q women workers urged to strengthen party

PML-Q women workers urged to strengthen party

President Pakistan Muslim League-Q (PML-Q) Women Wing Shahanah Farooqi has stressed upon the party workers to shun their diminutive differences and work collectively for the strengthening of PML-Q on top priority basis.
Published 20 May, 2007 12:00am
'Industrial sector upgradation budget increased manifold'

'Industrial sector upgradation budget increased manifold'

Federal Science and Technology Minister Choudhry Nouraz Shakoor Khan has said the budget has been increased to manifold for the modernisation and upgradation of industrial sector in the country. Speaking as chief guest at the earth-breaking ceremony of "C
Published 20 May, 2007 12:00am
Pakistan moving towards 'water scarce country'

Pakistan moving towards 'water scarce country'

Pakistan is moving fast towards a "Water Scarce Country" due to combined effects of population growth, increasing crop water and industrial demand, decreasing surface water reservoirs and diminishing groundwater shortage.
Published 20 May, 2007 12:00am
Irsa discharge 256,655 cusecs water

Irsa discharge 256,655 cusecs water

Indus River System Authority (Irsa) on Saturday released 256,655 cusecs water from various rim stations. According to Irsa, an overall water inflow from various reservoirs recorded on Saturday was at 333,151 cusecs.
Published 20 May, 2007 12:00am
Model village inaugurated

Model village inaugurated

Villagers and development experts at a public meeting have expressed that integrated development can be possible by people's participation and consultation, which is reflected in a model village Punj Kooha where in the past nobody could imagine to live th
Published 20 May, 2007 12:00am
'Indo-Pak peace process irreversible'

'Indo-Pak peace process irreversible'

Dr Rashid Khan, former chairman of political science department at Punjab University, and presently a research fellow at the Islamabad Policy Research Institute has said that the peace process between Pakistan and India is 'irreversible and could not take
Published 20 May, 2007 12:00am
MoU signed with Sistan Balochistan

MoU signed with Sistan Balochistan

Governor Balochistan Awais Ahmed Ghani and visiting Governor General of Iranian Sistan-o-Balochistan Habibullah Dehmerde Saturday singed an MoU at Gwadar to enhance friendly relations between Pakistan and Iran and exchange of official delegations on regul
Published 20 May, 2007 12:00am
MoU signed with Sistan Balochistan

MoU signed with Sistan Balochistan

Governor Balochistan Awais Ahmed Ghani and visiting Governor General of Iranian Sistan-o-Balochistan Habibullah Dehmerde Saturday singed an MoU at Gwadar to enhance friendly relations between Pakistan and Iran and exchange of official delegations on regul
Published 20 May, 2007 12:00am
Soomro for greater interaction among developing nations

Soomro for greater interaction among developing nations

Chairman Senate Mohammadmian Soomro has said that Pakistan believed in co-operation and mutually beneficial relations among the developing countries. The Senate Chairman was talking to the First Deputy Minister of Foreign Affairs of the Republic of Cuba B
Published 20 May, 2007 12:00am
Democracy in Pakistan main focus of US policy: expert

Democracy in Pakistan main focus of US policy: expert

US President George Bush was keen to promote democracy and he also had concerns about repression in the Pakistani society, Dr Philip H. Gordon, an American foreign policy expert stated this during a talk at the Foreign Office Academy here on Saturday.
Published 20 May, 2007 12:00am
Nazims advised to hold open katchehries

Nazims advised to hold open katchehries

Sindh Minister for Local Government, Katchi Abadies and Spatial Development, Muhammad Hussain Khan has directed Nazims of all local body institutions of the province to hold regular open katchehries in their respective areas at least once a week to resolv
Published 20 May, 2007 12:00am
Another Rs 1.8 billion grant for quake victims released

Another Rs 1.8 billion grant for quake victims released

The Earthquake Reconstruction and Rehabilitation Authority (Erra) has released another tranche of Rs 1.8 billion for families affected by the devastating October 2005 earthquake in AJK and NWFP. This brings the total housing subsidy to Rs 35 billion relea
Published 20 May, 2007 12:00am
Section 144 in Rahim Yar Khan

Section 144 in Rahim Yar Khan

District Nazim Sardar Rafiq Haider Leghari, under section 144 CrPcc, has imposed ban on the holding of meetings or procession by any political, religious or other organisation in the revenue limits of the district. However, holding of Majalis and other re
Published 20 May, 2007 12:00am
Sherpao to address rally today

Sherpao to address rally today

Federal Interior Minister Aftab Ahmad Khan Sherpao will address a public meeting at Village Pipal, Katlang in District Mardan on May 20. This was announced in a press release of Pakistan People's Party Central Secretariat here on Saturday.
Published 20 May, 2007 12:00am
Tender issued for Cholistan water schemes

Tender issued for Cholistan water schemes

Cholistan Development Authority has issued tenders for the water supply schemes worth Rs 25 million in four villages of Cholistan. According to official sources, the water supply schemes will cost Rs 5.68 million in Chak 140/5-R, Rs 6.13 million in Chak 1
Published 20 May, 2007 12:00am
Six MQM men resign against May 12 mayhem

Six MQM men resign against May 12 mayhem

At least six office-bearers of Muttahida Qaumi Movement (MQM) Tibba Sultanpur have tendered their resignations as a protest against the carnage in Karachi on May 12. Sources say more than 150 office-bearers of MQM have resigned so far, which is termed a b
Published 20 May, 2007 12:00am
MUET audits, students feedback reviewed

MUET audits, students feedback reviewed

Findings of internal and external quality audits, student feedback regarding teachers' evaluation and other facilities given to students in the University came under discussion at a meeting of Management Review Committee (MRC) ISO-9000, Mehran University
Published 20 May, 2007 12:00am
Gulbahao's work on water purification vindicated

Gulbahao's work on water purification vindicated

Gulbahao's research work on water purification called "Paki Paani" has been vindicated, said Nargis Latif in an interview she gave on 'Ba Khabar Sawera' on a private television channel.
Published 20 May, 2007 12:00am
29th PCG batch vows to defend country whenever called

29th PCG batch vows to defend country whenever called

The 29th batch of Pakistan Coast Guards (PCG) has vowed to defend the country whenever and wherever called to do so. At the passing out parade held at the Training Wing Pakistan Coast Guards, Korangi, as many as 220 recruits took oath to serve the country
Published 20 May, 2007 12:00am
Deutsche Bank named largest foreign exchange house in Asia

Deutsche Bank named largest foreign exchange house in Asia

Deutsche Bank continues to be the largest foreign exchange (FX) trading bank in Asia as well as globally, according to the definitive annual global market share survey conducted by respected capital markets publication, Euromoney.
Published 20 May, 2007 12:00am
Groundbreaking of Emmar projects soon

Groundbreaking of Emmar projects soon

The two mega multi-billion dollar projects of Emmar properties, comprising two islands of Budal and Buddo near Karachi, will be going into groundbreaking phase shortly, according to the second quarter issue of Islamic Capital Partners with focus on Pakist
Published 20 May, 2007 12:00am
Importance of biomedical technology highlighted

Importance of biomedical technology highlighted

The Department of Electronics and Biomedical Engineering, Mehran University of Engineering and Technology (MUET), Jamshoro, has organised a three-day "International biomedical instrumentation workshop" in collaboration with Electronica Veneta, Italy, and
Published 20 May, 2007 12:00am
Sindh University press to be upgraded

Sindh University press to be upgraded

Sindh University press will be upgraded with all required modern machinery and equipment that the press can serve the purpose of printing of University's material within due time. This was decided in meeting on Saturday which was presided over by Vice Cha
Published 20 May, 2007 12:00am
Bangladesh team visits Punjab University

Bangladesh team visits Punjab University

A 10-member media delegation of Bangladesh visited Punjab University and called on Director Centre for South Asian Studies (CSAS) Professor Dr Muhammad Saleem Mazhar here on Saturday. The delegation was led by a member of Bangladesh University grants comm
Published 20 May, 2007 12:00am
Security concern threat to hotel industry

Security concern threat to hotel industry

Worsening law and order situation and recent incidents of terrorism have adversely hit hotel industry. Hoteliers are seriously concerned over rising risk to their business. They are also unhappy with the government policy for this sector. They want that t
Published 20 May, 2007 12:00am
'Exploitation in name of Islamic banking should be abolished'

'Exploitation in name of Islamic banking should be abolished'

Prominent banking lawyer and advocate Salim Salaam Ansari in an interview to UPP said that exploitation in the name of Islamic banking should be abolished in Pakistan because there is no such thing as interest-free Islamic banking. He said that there is n
Published 20 May, 2007 12:00am
United Money-Market Fund assigned four-star rating

United Money-Market Fund assigned four-star rating

The Pakistan Credit Rating Agency (Pacra) has assigned a four-star fund rating (Category: Money Market Fund) to United Money-Market Fund, which reflects good performance relative to its peers. The rating is a composite measure of three factors namely: ret
Published 20 May, 2007 12:00am
United Money-Market Fund assigned four-star rating

United Money-Market Fund assigned four-star rating

The Pakistan Credit Rating Agency (Pacra) has assigned a four-star fund rating (Category: Money Market Fund) to United Money-Market Fund, which reflects good performance relative to its peers. The rating is a composite measure of three factors namely: ret
Published 20 May, 2007 12:00am
IGI Finex introduces 'I-Trade'

IGI Finex introduces 'I-Trade'

IGI Finex Securities Limited goes another extra mile to provide its clients with a fully integrated online trading platform "I-Trade" - a true synthesis of tradition and technology with advanced trading systems in place.
Published 20 May, 2007 12:00am
Phase-wise ban on two-stroke rickshaws in Lahore

Phase-wise ban on two-stroke rickshaws in Lahore

Punjab government would not deprive any one of his livelihoods as a result of the ban on two-stroke rickshaws under Green Punjab Scheme. Punjab Law and Local government Minister Muhammad Basharat Raja expressed these views while presiding over a joint mee
Published 20 May, 2007 12:00am
'No wheat crisis in country'

'No wheat crisis in country'

Federal Secretary Food and Agriculture, Ismail Qureshi has said that there was no shortage of wheat in the country, and if the prices were raised, government would intervene. In an exclusive interview with Aaj TV, he said that there was no wheat cr
Published 20 May, 2007 12:00am
Wasa directed to ensure water supply to citizens

Wasa directed to ensure water supply to citizens

The District Naib Nazim Hyderabad Zaffar Rajput has directed the management of Wasa Hyderabad Development Authority (HDA) to put their all resources in the field and ensure efficient water supply to the citizens of Hyderabad failing which they would be he
Published 20 May, 2007 12:00am
CPNE members visit Business Recorder, Aaj TV offices

CPNE members visit Business Recorder, Aaj TV offices

The Standing Committee Members of the Council of Pakistan Newspapers Editors (CPNE), led by CPNE President Syed Faseih Iqbal, visited the offices of the Daily Business Recorder and the Aaj TV Channel to demonstrate their solidarity and suppo
Published 20 May, 2007 12:00am
Nadra gets 'Cardex 2007' award

Nadra gets 'Cardex 2007' award

In recognition of development of IT solutions, processes and successful implementation of projects by Nadra (National Database and Registration Authority), an 'Outstanding Achievement Award' was conferred on it during Cardex 2007 held in Cairo last week.
Published 20 May, 2007 12:00am
'Higher education indispensable to meet challenges'

'Higher education indispensable to meet challenges'

Higher education is indispensable to meet the challenges of 21st century, stated Iftikhar Ali Malik, co-chairman, Businessmen Panel and FPCCI, LCCI former president at the round table conference arranged by Pakistan National Forum on higher education.
Published 20 May, 2007 12:00am
Pakistan's rail link with Europe soon: Rashid

Pakistan's rail link with Europe soon: Rashid

Federal Minister for Pakistan Railway Sheikh Rashid Ahmad has said Pakistan would be linked with Europe via Quetta, Iran, Taftan and Istanbul through railway track in the coming three years and pilgrims would be able to reach Saudi Arabia to perform Haj v
Published 20 May, 2007 12:00am
Stipend amount enhanced

Stipend amount enhanced

Bait-ul-Mall department has enhanced the stipend amount for the students of professional educational institutions from Rs 18,000 to 42,000 per annum. Punjab minister for Bait-ul-Mall Chaudhry Muhammad Ijaz Shafi, said here on Saturday.
Published 20 May, 2007 12:00am
Efforts on to eradicate illiteracy from society

Efforts on to eradicate illiteracy from society

Enrolment rate at primary, secondary and tertiary levels has improved, however it has been still extremely low. Competitiveness Support Fund (CSF) CEO Arthur Bayhan, said on Thursday during a presentation to the Ministry of Education here.
Published 20 May, 2007 12:00am
Specialised vehicles'''' duty-free import allowed

Specialised vehicles'''' duty-free import allowed

The Central Board of Revenue (CBR) has allowed duty and tax-free import of 6x6 trucks under the cover of specialised vehicles for petroleum companies engaged in different projects in Pakistan. The board has amended SRO.678(I)/2004 through a notification i
Published 20 May, 2007 12:00am
Specialised vehicles'' duty-free import allowed

Specialised vehicles'' duty-free import allowed

The Central Board of Revenue (CBR) has allowed duty and tax-free import of 6x6 trucks under the cover of specialised vehicles for petroleum companies engaged in different projects in Pakistan. The board has amended SRO.678(I)/2004 through a notification i
Published 20 May, 2007 12:00am
Specialised vehicles' duty-free import allowed

Specialised vehicles' duty-free import allowed

The Central Board of Revenue (CBR) has allowed duty and tax-free import of 6x6 trucks under the cover of specialised vehicles for petroleum companies engaged in different projects in Pakistan. The board has amended SRO.678(I)/2004 through a notification i
Published 20 May, 2007 12:00am
Specialised vehicles' duty-free import allowed

Specialised vehicles' duty-free import allowed

The Central Board of Revenue (CBR) has allowed duty and tax-free import of 6x6 trucks under the cover of specialised vehicles for petroleum companies engaged in different projects in Pakistan. The board has amended SRO.678(I)/2004 through a notification i
Published 20 May, 2007 12:00am
Eight officials kidnapped

Eight officials kidnapped

Dozens of masked gunmen have kidnapped eight Pakistani government officials, including five women, in a lawless tribal region bordering Afghanistan, an official said on Saturday.
Published 20 May, 2007 12:00am
Eight officials kidnapped

Eight officials kidnapped

Dozens of masked gunmen have kidnapped eight Pakistani government officials, including five women, in a lawless tribal region bordering Afghanistan, an official said on Saturday.
Published 20 May, 2007 12:00am
Hi-tech sugar syrup plant designed to arrest invisible losses

Hi-tech sugar syrup plant designed to arrest invisible losses

A hi-tech sugar syrup plant has been designed to arrest the invisible losses in Pakistan''s antiquated sugar industry. Javed Malik, Convenor, Sugarcane Grower''s Association (SGA) told Business Recorder that the plant would cost Rs 160 million havi
Published 20 May, 2007 12:00am
Hi-tech sugar syrup plant designed to arrest invisible losses

Hi-tech sugar syrup plant designed to arrest invisible losses

A hi-tech sugar syrup plant has been designed to arrest the invisible losses in Pakistan's antiquated sugar industry. Javed Malik, Convenor, Sugarcane Grower's Association (SGA) told Business Recorder that the plant would cost Rs 160 million having
Published 20 May, 2007 12:00am
Hi-tech sugar syrup plant designed to arrest invisible losses

Hi-tech sugar syrup plant designed to arrest invisible losses

A hi-tech sugar syrup plant has been designed to arrest the invisible losses in Pakistan's antiquated sugar industry. Javed Malik, Convenor, Sugarcane Grower's Association (SGA) told Business Recorder that the plant would cost Rs 160 million having
Published 20 May, 2007 12:00am
Registration of case against Sindh government ordered

Registration of case against Sindh government ordered

Additional Session Judge Karachi-South Muhammad Azim on Saturday ordered SHO PS City Court to lodge FIR against those nominated by KBA for manhandling, firing, threatening to kill and kidnapping Karachi Bar Association's members on May 12.
Published 20 May, 2007 12:00am
Registration of case against Sindh government ordered

Registration of case against Sindh government ordered

Additional Session Judge Karachi-South Muhammad Azim on Saturday ordered SHO PS City Court to lodge FIR against those nominated by KBA for manhandling, firing, threatening to kill and kidnapping Karachi Bar Association's members on May 12.
Published 20 May, 2007 12:00am
Justice Sarmad takes oath as Acting Sindh Governor

Justice Sarmad takes oath as Acting Sindh Governor

The Acting Chief Justice of Sindh High Court, Justice Sarmad Jalal Usmani, on Saturday took oath as Acting Governor of Sindh. He will act as Governor in the absence of Governor Dr Ishrat-ul-Ebad Khan who has gone to London on a visit.
Published 20 May, 2007 12:00am
Pak Oman Fund oversubscribed

Pak Oman Fund oversubscribed

Pak Oman Asset Management Company Limited has announced the result of the IPO (initial public offering) of its first fund, Pak Oman Advantage Fund (POAF), which received subscriptions of Rs 259.885 million, against the IPO size of Rs 250 million.
Published 20 May, 2007 12:00am
Pak Oman Fund oversubscribed

Pak Oman Fund oversubscribed

Pak Oman Asset Management Company Limited has announced the result of the IPO (initial public offering) of its first fund, Pak Oman Advantage Fund (POAF), which received subscriptions of Rs 259.885 million, against the IPO size of Rs 250 million.
Published 20 May, 2007 12:00am
Pak Oman Fund oversubscribed

Pak Oman Fund oversubscribed

Pak Oman Asset Management Company Limited has announced the result of the IPO (initial public offering) of its first fund, Pak Oman Advantage Fund (POAF), which received subscriptions of Rs 259.885 million, against the IPO size of Rs 250 million.
Published 20 May, 2007 12:00am
Pak Oman Fund oversubscribed

Pak Oman Fund oversubscribed

Pak Oman Asset Management Company Limited has announced the result of the IPO (initial public offering) of its first fund, Pak Oman Advantage Fund (POAF), which received subscriptions of Rs 259.885 million, against the IPO size of Rs 250 million.
Published 20 May, 2007 12:00am
Country''s nuclear power output capacity only 400 megawatts

Country''s nuclear power output capacity only 400 megawatts

Country''s total nuclear power generation capacity is 400 Mega Watt (MW) that accounts only 0.8 percent of the total power generation of 19,540MW. According to a report published in a monthly, ''Energy Update'' in the last 35 years of nuclear research, th
Published 20 May, 2007 12:00am
Country's nuclear power output capacity only 400 megawatts

Country's nuclear power output capacity only 400 megawatts

Country's total nuclear power generation capacity is 400 Mega Watt (MW) that accounts only 0.8 percent of the total power generation of 19,540MW. According to a report published in a monthly, 'Energy Update' in the last 35 years of nuclear research, the c
Published 20 May, 2007 12:00am
Country's nuclear power output capacity only 400 megawatts

Country's nuclear power output capacity only 400 megawatts

Country's total nuclear power generation capacity is 400 Mega Watt (MW) that accounts only 0.8 percent of the total power generation of 19,540MW. According to a report published in a monthly, 'Energy Update' in the last 35 years of nuclear research, the c
Published 20 May, 2007 12:00am
10 percent duty on CKD kits import for disabled

10 percent duty on CKD kits import for disabled

The Central Board of Revenue (CBR) will charge concessionary rate of 10 percent duty on the import of completely knocked down (CKD) kits and special gadgets fitted in cars used by the disabled defence force as well as civil persons. The board on Saturday
Published 20 May, 2007 12:00am
10 percent duty on CKD kits import for disabled

10 percent duty on CKD kits import for disabled

The Central Board of Revenue (CBR) will charge concessionary rate of 10 percent duty on the import of completely knocked down (CKD) kits and special gadgets fitted in cars used by the disabled defence force as well as civil persons. The board on Saturday
Published 20 May, 2007 12:00am
10 percent duty on CKD kits import for disabled

10 percent duty on CKD kits import for disabled

The Central Board of Revenue (CBR) will charge concessionary rate of 10 percent duty on the import of completely knocked down (CKD) kits and special gadgets fitted in cars used by the disabled defence force as well as civil persons. The board on Saturday
Published 20 May, 2007 12:00am
10 percent duty on CKD kits import for disabled

10 percent duty on CKD kits import for disabled

The Central Board of Revenue (CBR) will charge concessionary rate of 10 percent duty on the import of completely knocked down (CKD) kits and special gadgets fitted in cars used by the disabled defence force as well as civil persons. The board on Saturday
Published 20 May, 2007 12:00am
MCCI calls for five-year realistic trade policy to boost economy

MCCI calls for five-year realistic trade policy to boost economy

The Multan Chamber of Commerce and Industry (MCCI) has urged the government to introduce a realistic trade policy for five years, which can boost the economy and should be transparent, comprehensive, viable and free from bureaucratic hurdles, aiming at ge
Published 20 May, 2007 12:00am
Microfinance framework supports one million active borrowers

Microfinance framework supports one million active borrowers

The Microfinance institutional framework in Pakistan currently supports one million active borrowers, which are planned to be increased to 3 million by 2010, said official sources. The official sources stated that in Pakistan, Micro Finance (MF) has been
Published 20 May, 2007 12:00am
Rescue 1122

Rescue 1122

Chief Minister Punjab Chaudhry Pervaiz Elahi is expected to formally inaugurate Rescue-1122 in Faisalabad here on June 10, said official sources. The main building for Rescue 1122 is under completion at GTS Chowk.
Published 20 May, 2007 12:00am
KCCI calls for FED on edible oil cut to 10 percent

KCCI calls for FED on edible oil cut to 10 percent

The Karachi Chamber of Commerce and Industry (KCCI) has proposed that federal excise duty (FED) on edible oil be reduced from 16 percent to 10 percent to reduce its prices in the market. In a communication to the government, the Chamber has suggested that
Published 20 May, 2007 12:00am
Industrialists seek security against outlaws

Industrialists seek security against outlaws

A delegation comprising industrialists of the Hayatabad Industrial Estate headed by Sarhad Chamber of Commerce & Industry (SCCI) President Liaquat Ahmad Khan on Saturday hold meetings with NWFP Governor Ali Mohammad Jan Aurakzai and Chief Minister Akram K
Published 20 May, 2007 12:00am
Government suffers Rs 5.7 billion loss due to ban on import of vehicles

Government suffers Rs 5.7 billion loss due to ban on import of vehicles

The government has suffered a loss of Rs 5.7 billion during first nine months of current fiscal year following restriction on the import of vehicles, older than five years. This revised policy on the imports of old vehicles has resulted in decline in cust
Published 20 May, 2007 12:00am
''CVT on property transaction should continue''

''CVT on property transaction should continue''

The housing and construction industry has urged the Central Board of Revenue (CBR) to continue levy of capital value tax (CVT) for the next few years. The 2 percent CVT on property transactions was not revenue measure but it has been instrumental in stabi
Published 20 May, 2007 12:00am
'CVT on property transaction should continue'

'CVT on property transaction should continue'

The housing and construction industry has urged the Central Board of Revenue (CBR) to continue levy of capital value tax (CVT) for the next few years. The 2 percent CVT on property transactions was not revenue measure but it has been instrumental in stabi
Published 20 May, 2007 12:00am
'CVT on property transaction should continue'

'CVT on property transaction should continue'

The housing and construction industry has urged the Central Board of Revenue (CBR) to continue levy of capital value tax (CVT) for the next few years. The 2 percent CVT on property transactions was not revenue measure but it has been instrumental in stabi
Published 20 May, 2007 12:00am
S&P affirms Philippines rating, warns on revenue

S&P affirms Philippines rating, warns on revenue

Standard & Poor's affirmed its BB- rating on Philippine sovereign debt with a stable outlook on Friday, defying market expectations of an upgrade due to revenue shortfalls caused by inefficient tax collection. But the credit ratings firm said its outlook
Published 20 May, 2007 12:00am
S&P affirms Philippines rating, warns on revenue

S&P affirms Philippines rating, warns on revenue

Standard & Poor's affirmed its BB- rating on Philippine sovereign debt with a stable outlook on Friday, defying market expectations of an upgrade due to revenue shortfalls caused by inefficient tax collection. But the credit ratings firm said its outlook
Published 20 May, 2007 12:00am
Prime London property prices at 30-year highs

Prime London property prices at 30-year highs

Prime central London property prices are growing at their fastest in almost 30 years and at three times the rate of the wider British market, figures show. The value of the best properties in central London has risen by more than 33 percent in the 12 mont
Published 20 May, 2007 12:00am
Europe unlikely to pick fight on Wolfowitz succession

Europe unlikely to pick fight on Wolfowitz succession

European countries that joined together to force the resignation of World Bank President Paul Wolfowitz are unlikely to pick a fight with Washington over the naming of his successor.
Published 20 May, 2007 12:00am
Bolivia says does not rule out Chile natgas sales

Bolivia says does not rule out Chile natgas sales

Bolivia does not rule out selling natural gas to Chile, the foreign minister said on Friday, in a sign of warming relations that could end his country's policy of "not a molecule of gas" to Chile.
Published 20 May, 2007 12:00am
China must raise rates or risk overheating: IMF

China must raise rates or risk overheating: IMF

China's latest move to raise interest rates and allow the yuan to trade more freely is a positive step, but its economy may overheat if further steps do not follow, the International Monetary Fund said on Saturday.
Published 20 May, 2007 12:00am
Pakistan on verge of economic take-off: Prime Minister

Pakistan on verge of economic take-off: Prime Minister

Prime Minister Shaukat Aziz said here Saturday the internationally recognised broad-based comprehensive reforms undertaken in Pakistan during the last seven years have repositioned and revitalised the country which is now included among the eleven countri
Published 20 May, 2007 12:00am
Pakistan on verge of economic take-off: Prime Minister

Pakistan on verge of economic take-off: Prime Minister

Prime Minister Shaukat Aziz said here Saturday the internationally recognised broad-based comprehensive reforms undertaken in Pakistan during the last seven years have repositioned and revitalised the country which is now included among the eleven countri
Published 20 May, 2007 12:00am
Pakistan on verge of economic take-off: Prime Minister

Pakistan on verge of economic take-off: Prime Minister

Prime Minister Shaukat Aziz said here Saturday the internationally recognised broad-based comprehensive reforms undertaken in Pakistan during the last seven years have repositioned and revitalised the country which is now included among the eleven countri
Published 20 May, 2007 12:00am
Fish harbour management: CSF asks Sindh to form private sector firm

Fish harbour management: CSF asks Sindh to form private sector firm

The Competitiveness Support Fund (CSF) has suggested the Sindh government to form a private sector management company to run the operation of Karachi Port Harbour (KPH) to ensure proper handling of fish and meet the international standard to avoid ban on
Published 20 May, 2007 12:00am
Fish harbour management: CSF asks Sindh to form private sector firm

Fish harbour management: CSF asks Sindh to form private sector firm

The Competitiveness Support Fund (CSF) has suggested the Sindh government to form a private sector management company to run the operation of Karachi Port Harbour (KPH) to ensure proper handling of fish and meet the international standard to avoid ban on
Published 20 May, 2007 12:00am
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