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Print - 2007-05-23
PTCL employees condemn retrenchment plan

PTCL employees condemn retrenchment plan

PTCL workers on Tuesday staged a big rally at the call of Pak-Telecom Employees Union (CBA) to protest against the proposed retrenchment of 31,000 employees by the management of Itesalat. The rally began from Central Telephone exchange, which terminated a
Published 23 May, 2007 12:00am
State corporate culture

State corporate culture

The events of 12 May should be an eye opener to Islamabad, if it is serious in arresting the continued losses piled up by state owned corporations. Can anybody imagine the intensive interference in routine day to day working of these organisations and pol
Published 23 May, 2007 12:00am
Exporting wheat

Exporting wheat

The government has allowed the export of wheat to the level of over one million tonnes by June, perhaps in a bid to meet the total exports shortfall this year, and in the backdrop of the ever-increasing trade deficit.
Published 23 May, 2007 12:00am
US crime rises as police fight other threats

US crime rises as police fight other threats

After a night of dancing, Chiara Levin was shot in the head by a stray bullet from a gunfight as she sat in a Cadillac sport utility vehicle. Hours later she was dead.
Published 23 May, 2007 12:00am
Good Morning: the kindness that time can offer

Good Morning: the kindness that time can offer

I'll tell you the first response that I had when I heard from journalist Shahnaz Ramzi that Ameen Sayani was going to be in Karachi and that there would be an opportunity to meet him, at a dinner hosted by Sultana Siddiqui, President, HUM TV.
Published 23 May, 2007 12:00am
Direct tax policy principles: a review-II

Direct tax policy principles: a review-II

WHT AGENT RISK: Withholding Tax agents' costs have three folds - taxes borne, taxes collected/deducted and tax administration. The question arises whether Withholding Tax agents are properly focused on managing these significant tax costs. Bear in
Published 23 May, 2007 12:00am
Pakistan not fighting terror for tainted dollar

Pakistan not fighting terror for tainted dollar

'It's-not-enough, do-more' mantra keeps coming back, in one form or the other. This time it is the New York Times that has tried to build the case that in return for the roughly $1 billion Pakistan receives every year its counter-terrorism performance in
Published 23 May, 2007 12:00am
Rehabilitation of railway infrastructure

Rehabilitation of railway infrastructure

Pakistan Railways is reported to have sought funding of at least Rs 30 billion from the government for the rehabilitation of old tracks, replacement of obsolete signalling system and maintenance of bridges, many of which are in a very poor state.
Published 23 May, 2007 12:00am
'No threat to democratic system'

'No threat to democratic system'

Federal Minister for Inter-Provincial Co-ordination Salim Saifullah Khan said on Tuesday that democratic system in the country had taken strong roots and there was no threat to it. The minister, in a statement here, said with the introduction of local gov
Published 23 May, 2007 12:00am
Negotiations, arrests can't go together: Lal Masjid Khateeb

Negotiations, arrests can't go together: Lal Masjid Khateeb

The 'Khateeb' of Lal Masjid, Abdul Rashid Ghazi, has said that negotiations and arrests cannot go together. In an interview with Voice of Germany, he said that on one hand the government claimed to settle the issue amicably but, on the other, a large numb
Published 23 May, 2007 12:00am
'To be modern did not mean we must ape the west'

'To be modern did not mean we must ape the west'

Historian Salman Sayyid feels that in order to develop Islamic identity the Muslims must learn to shed inferiority complex as well as the notion to be modern one must behave like western people.
Published 23 May, 2007 12:00am
Media asked to help eliminate child labour

Media asked to help eliminate child labour

Children are assets for a better and brighter future of Pakistan and the " media should play a vital role in making this dream true". This view was expressed by speakers at a one-day capacity-building workshop to sensitise the media persons about the chil
Published 23 May, 2007 12:00am
Penal levy waived

Penal levy waived

The government has waived off two-percent penal surcharge on the goods to be removed from the warehouses from May 21 to June 8. According to a notification issued on Monday, the board has also allowed keeping of overstayed imported goods in the warehouses
Published 23 May, 2007 12:00am
'Local government system yielding positive results'

'Local government system yielding positive results'

The devolution of power plan, introduced by President Pervez Musharraf, is meant to empower the general public, particularly the women, of the country to involve them in political and economic activities, said Rawalpindi City District Nazim Javed Ikhlas,
Published 23 May, 2007 12:00am
'Care clearance data no secret information'

'Care clearance data no secret information'

The import and export clearance data of Customs Administrative Reforms Project (Care) is not secret information, as the Pakistan Revenue Automation Limited (Pral), Directorate-General of Intelligence and Investigation, Customs and Excise and Directorate G
Published 23 May, 2007 12:00am
Government IT policy brings digital revolution: Sehba Musharraf

Government IT policy brings digital revolution: Sehba Musharraf

The First Lady Begum Sehba Musharraf had said that the government's policy to promote information technology had brought a digital revolution in the country and had greatly increased the demand for well trained computer literate youth in the country.
Published 23 May, 2007 12:00am
12,000 villages get benefit from KPP schemes

12,000 villages get benefit from KPP schemes

The ministry of Local Government and Rural Development has completed 16,995 schemes under the Khushal Pakistan Programme (KPP) in the country, benefiting around 12,000 villages in areas of provision of electricity, water and other facilities.
Published 23 May, 2007 12:00am
PICG to hold BDS from May 30

PICG to hold BDS from May 30

The Pakistan Institute of Corporate Governance (PICG) in collaboration with the International Finance Corporation (IFC) is organising a Board Development Series (BDS) Part-II from May 30 to 31 at Karachi.
Published 23 May, 2007 12:00am
Sindh Assembly session summoned on May 29

Sindh Assembly session summoned on May 29

Acting Speaker of Sindh Assembly Rahila Tiwana has summoned the Provincial Assembly of Sindh to meet on May 29 at 9 am at Sindh Assembly building. Earlier, the assembly session was convened on May 25.
Published 23 May, 2007 12:00am
Appointment

Appointment

The government of Pakistan has appointed Majyd Aziz, President, Karachi Chamber of Commerce and Industry (KCCI) as member of the Railway Board of Ministry of Railway for period of two years. He would be representing the privet sector.
Published 23 May, 2007 12:00am
Regional office set up: TDAP plans to promote exports from Sindh

Regional office set up: TDAP plans to promote exports from Sindh

Trade Development Authority of Pakistan (TDAP) has established a regional office here to promote exports from Sindh. According to a TDAP official here on Tuesday, the government had decided to focus on those products, which were being produced in the prov
Published 23 May, 2007 12:00am
SSGC hands over homes to quake affectees

SSGC hands over homes to quake affectees

Sui Southern Gas Company (SSGC) has handed over two earthquake resistant model homes to the widows in Nirhal and Palyani villages in Garhi Habibullah in District Mansehra.
Published 23 May, 2007 12:00am
JCR-VIS places CLCL on 'Rating Watch'

JCR-VIS places CLCL on 'Rating Watch'

JCR-VIS Credit Rating Company Limited (JCR-VIS) had placed the entity and TFC ratings of Crescent Leasing Corporation Limited (CLCL) on 'Rating Watch' in June 2006. Business had been affected by issues developing at an associated concern.
Published 23 May, 2007 12:00am
JCR-VIS places CLCL on 'Rating Watch'

JCR-VIS places CLCL on 'Rating Watch'

JCR-VIS Credit Rating Company Limited (JCR-VIS) had placed the entity and TFC ratings of Crescent Leasing Corporation Limited (CLCL) on 'Rating Watch' in June 2006. Business had been affected by issues developing at an associated concern.
Published 23 May, 2007 12:00am
PSO sell-off case adjourned for today

PSO sell-off case adjourned for today

The High Court of Sindh (SHC) on Tuesday adjourned proceedings till May 23 in a petition challenging disqualification of the plaintiffs/bidders from the Pakistan State Oil (PSO) privatisation process. The counsel representing Privatisation Commission of P
Published 23 May, 2007 12:00am
Commodore Ehsan promoted as Rear Admiral

Commodore Ehsan promoted as Rear Admiral

Commodore Mohammad Ehsan Saeed has been promoted to the rank of Rear Admiral as notified by Naval Headquarters, Public Relations Directorate on Monday. Rear Admiral Mohammad Ehsan Saeed was commissioned in the Operations branch of the Navy in 1976. He has
Published 23 May, 2007 12:00am
Alfalah GHP Value Fund assigned 5-star rating

Alfalah GHP Value Fund assigned 5-star rating

The Pakistan Credit Rating Agency (Pacra) has assigned a 5-Star find rating (Category: Asset Allocation Funds) to Alfalah GHP Value Fund, which reflects superior performance in its category. The rating is a composite measure of two factors, ie returns and
Published 23 May, 2007 12:00am
Alfalah GHP Value Fund assigned 5-star rating

Alfalah GHP Value Fund assigned 5-star rating

The Pakistan Credit Rating Agency (Pacra) has assigned a 5-Star find rating (Category: Asset Allocation Funds) to Alfalah GHP Value Fund, which reflects superior performance in its category. The rating is a composite measure of two factors, ie returns and
Published 23 May, 2007 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 23 May, 2007 12:00am
Crime Analysis Wing to be set up in Punjab

Crime Analysis Wing to be set up in Punjab

The Punjab government will establish Crime Analysis Wing (CAW) to eradicate crimes from the society and restore a sense of security among the people. The CAW would start documentation of the criminals and through a central database in the CAW, police woul
Published 23 May, 2007 12:00am
Plea to withdraw three-day strike call

Plea to withdraw three-day strike call

The SITE Association Karachi on Tuesday urged all concerned parties to reconsider the three-day strike call in Karachi. In a statement issued here, SITE Association said the industrialists were extremely dismayed over the incidence of May 12 and fully sym
Published 23 May, 2007 12:00am
Punjab reviving 'district public safety commission'

Punjab reviving 'district public safety commission'

District Public Safety and Police Complaint Commission (DPSPCC) is being revived after a long interval in the Punjab province and government is set to notify long awaited structure and rules of the commission. The commission is compulsory under the Local
Published 23 May, 2007 12:00am
DBI wins best Islamic bank award

DBI wins best Islamic bank award

Dubai Islamic Bank (DIB) has won the best Islamic Bank Award at the Banker Middle East Awards 2007. This is the third consecutive year that DIB has won the award, said a press release on Tuesday.
Published 23 May, 2007 12:00am
Government to focus on strengthening provincial finance commission

Government to focus on strengthening provincial finance commission

Government's efforts towards consolidating fiscal decentralisation will focus on strengthening the provincial finance commission, developing MIS to monitor releases to the local governments, revision of delegation of financial power rules, beefing up the
Published 23 May, 2007 12:00am
Budget proposals

Budget proposals

The apex trade body has presented budget proposals 2007-08 to Central Board of Revenue (CBR). In a press release issued here on Tuesday, a Federation of Pakistan Chambers of Commerce and Industry (FPCCI) spokesman said that a delegation led by Tanvir Ahme
Published 23 May, 2007 12:00am
Budget proposals

Budget proposals

The apex trade body has presented budget proposals 2007-08 to Central Board of Revenue (CBR). In a press release issued here on Tuesday, a Federation of Pakistan Chambers of Commerce and Industry (FPCCI) spokesman said that a delegation led by Tanvir Ahme
Published 23 May, 2007 12:00am
Farmers asked to use certified maize seed

Farmers asked to use certified maize seed

The Federal Seed Certification & Registration Department (FSC&RD), Peshawar, has asked the farmers to use certified labelled maize seed of approved varieties in the province.
Published 23 May, 2007 12:00am
Plan under way to introduce new agriculture technologies

Plan under way to introduce new agriculture technologies

Sialkot district government has initiated well-knitted plan for the tracking the agriculture sector on modern and scientific lines for attaining maximum output of crops in Sialkot, Daska, Pasrur and Sambrial tehsils, said District Nazim Muhammad Akmal Che
Published 23 May, 2007 12:00am
Lahore Nazim orders resolution of teachers' problems

Lahore Nazim orders resolution of teachers' problems

District Nazim Lahore Mian Amer Mahmood has ordered the relevant authorities to immediately solve the problems being faced by teachers of ex-MCL cadre besides directing for payment of outstanding dues to those getting promotions, move-over and selection g
Published 23 May, 2007 12:00am
Benazir Bhutto's birthday

Benazir Bhutto's birthday

Pakistan Peoples Party Parliamentarian (PPPP) will celebrate 54th birthday of its Chairperson Benazir Bhutto on June 21. The Party has directed all its district units to celebrate the day with full festivity. 'Business Recorder' learnt on Tuesday. The mai
Published 23 May, 2007 12:00am
Hatton Bank's ratings upgraded

Hatton Bank's ratings upgraded

Fithch Ratings Lanka Ltd has upgraded Hatton National Bank's national long-term rating to "AA-(lka)" from "A+(lka)". At the same time, the agency has also upgraded the national rating of Hatton National Bank's subordinated debentures to "A+(lka)" from "A(
Published 23 May, 2007 12:00am
Hatton Bank's ratings upgraded

Hatton Bank's ratings upgraded

Fithch Ratings Lanka Ltd has upgraded Hatton National Bank's national long-term rating to "AA-(lka)" from "A+(lka)". At the same time, the agency has also upgraded the national rating of Hatton National Bank's subordinated debentures to "A+(lka)" from "A(
Published 23 May, 2007 12:00am
'Balochistan wants freedom'

'Balochistan wants freedom'

"Balochistan does not believe in any constitution nor any democratic government, the only thing it wants is freedom." These words were expressed by Yousaf Masti Khan, leader of the Pakistan National Workers Party at the Civil Society Dialogue organised by
Published 23 May, 2007 12:00am
Baloch welcomes Jamali's resignation

Baloch welcomes Jamali's resignation

The Muttahida Majlis-i-Amal on Tuesday welcomed the resignation submitted by former Prime Minister Mir Zafarullah Khan Jamali from the ruling Pakistan Muslim League (PML-Q), saying the resignation shows that days of the government are numbered. MMA Deputy
Published 23 May, 2007 12:00am
No one will be allowed to disturb Karachi peace: Kamal

No one will be allowed to disturb Karachi peace: Kamal

City Nazim Syed Mustafa Kamal has vowed to foil nefarious designs of some political leaders to disturb peace and development process in the metropolis taking advantage of May 12 tragic incidents.
Published 23 May, 2007 12:00am
Haas out of French Open

Haas out of French Open

German number one Tommy Haas announced on Tuesday that he will miss the French Open due to an injury to his right shoulder. Haas, the world number 10, had two operations on his shoulder in 2003 and had to pull out of the first round of the Rome Masters ea
Published 23 May, 2007 12:00am
Sri Lanka beat Pakistan

Sri Lanka beat Pakistan

World Cup finalists Sri Lanka beat Pakistan by 115 runs here on Tuesday in their third and final one day international. Sri Lanka made 296-9 off 50 overs while Pakistan could only muster 181 all out off 42.5 overs.
Published 23 May, 2007 12:00am
Vaughan gets recall

Vaughan gets recall

Captain Michael Vaughan has been recalled to England's squad for the second Test against West Indies at Headingley starting on Friday. Vaughan missed the drawn series opener at Lord's with a broken finger.
Published 23 May, 2007 12:00am
The Weather

The Weather

The weather report on Tuesday (May 22, 2007) and the forecast for Wednesday (May 23, 2007).
Published 23 May, 2007 12:00am
New York cotton

New York cotton

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

Published 23 May, 2007 12:00am
Sharapova makes successful comeback

Sharapova makes successful comeback

Russian top seed Maria Sharapova advanced to the quarter finals of the WTA Istanbul tournament, defeating Tsvetana Pironkova of Bulgaria in straight sets on Tuesday in her first match after nearly two months out through injury.
Published 23 May, 2007 12:00am
New York cotton

New York cotton

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

Published 23 May, 2007 12:00am
CIIT workshop

CIIT workshop

A two-day international workshop organised by Comsats Institute of Information Technology (CIIT) was inaugurated on Tuesday at HEC Auditorium by Dr Muhammad Yaseen Member (Technical), Pakistan Telecommunication Authority (PTA).
Published 23 May, 2007 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (May 22, 2007).

Published 23 May, 2007 12:00am
Sports promotion projects under way in Hyderabad

Sports promotion projects under way in Hyderabad

District Co-ordination Officer (DCO) Hyderabad Muhammad Hussain Syed has said that the district government will provide healthy atmosphere to the youths of the district by implementing a plan for the promotion of sports.
Published 23 May, 2007 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (May 22, 2007).

Published 23 May, 2007 12:00am
Shell Pakistan and Marie Stopes Society sign MoU

Shell Pakistan and Marie Stopes Society sign MoU

Marie Stopes Society (MSS) signed a memorandum of understanding (MoU) with Shell Pakistan to jointly work on "Shell HIV/AIDS Workplace Intervention Programme."
Published 23 May, 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 23 May, 2007 12:00am
President's primary health project launched in Nowshera

President's primary health project launched in Nowshera

The President's Primary Health Care Initiative was formally launched in District Nowshera. This will ensure efficient delivery of basic health-care services at local level by improving monitoring and supervision of health sector in the district.
Published 23 May, 2007 12:00am
Bio-diversity Day observed in NWFP

Bio-diversity Day observed in NWFP

The NWFP Department of Wildlife on Tuesday observed 'International Bio-diversity, Day 2007' with commitment to preserve and protect habitat for preservation and protection of the bio-diversity in the province.
Published 23 May, 2007 12:00am
Environmental impacts of Karachi elevated expressway reviewed

Environmental impacts of Karachi elevated expressway reviewed

The committee of experts for evaluation of Environment Impact Assessment (EIA) for the proposed 350 million dollar Karachi Elevated Express Project (KEE) held its first meeting here on Monday at EPA Complex with Director General, Environmental Protection
Published 23 May, 2007 12:00am
Soomro condoles with Tauqir Zia

Soomro condoles with Tauqir Zia

Senate Chairman Mohammedmian Soomro has condoled with Lieutenant General Tauqir Zia (Retd), former Chairman of Pakistan Cricket Board, over the demise of his mother. In a condolence message, he prayed to Allah Almighty to rest the departed soul in peace a
Published 23 May, 2007 12:00am
May 12 events: SHC adjourns contempt case hearing to June 1

May 12 events: SHC adjourns contempt case hearing to June 1

The Sindh High Court (SHC), while putting off until June 1 the hearing of the contempt of court petition against Sindh Chief Secretary, Federal and provincial Interior Secretaries and Sindh, Inspector General of Police (IGP) besides several other official
Published 23 May, 2007 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (May 22, 2007).

Published 23 May, 2007 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Tuesday (May 22, 2007) and for Wednesday (May 23, 2007).
Published 23 May, 2007 12:00am
Balochistan's uplift transforming lives of people: Prime Minister

Balochistan's uplift transforming lives of people: Prime Minister

Prime Minister Shaukat Aziz on Tuesday said that record development work in Balochistan was transforming the life of people of the province and vowed that the process would be further accelerated. Talking to Chief Minister Balochistan Jam Muhammad Yousaf
Published 23 May, 2007 12:00am
No more trade-off with Lal Masjid brigades: minister

No more trade-off with Lal Masjid brigades: minister

The government on Tuesday said it will follow no more trade-off policy with the hard-liners of the Lal Masjid for rescuing the two of the four policemen held hostage on May 18. To avoid any bloodshed, the government would use all available options to sett
Published 23 May, 2007 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (May 22, 2007).

Published 23 May, 2007 12:00am
Government using peaceful means to resolve Jamia Hafsa issue: Tariq

Government using peaceful means to resolve Jamia Hafsa issue: Tariq

Minister of State for Information and Broadcasting Tariq Azeem Khan on Tuesday said that the government was using all peaceful means to settle the Jamia Hafsa issue which has no linkage with the incidents in some parts of the tribal areas.
Published 23 May, 2007 12:00am
Shaukat meets Musharraf

Shaukat meets Musharraf

Prime Minister Shaukat Aziz met President Pervez Musharraf in Rawalpindi Tuesday and reviewed the state of the economy, law and order and political environment in the country. The Prime Minister briefed the President about his recently concluded visit abr
Published 23 May, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (May 22, 2007).

Published 23 May, 2007 12:00am
Shaukat meets Musharraf

Shaukat meets Musharraf

Prime Minister Shaukat Aziz met President Pervez Musharraf in Rawalpindi Tuesday and reviewed the state of the economy, law and order and political environment in the country. The Prime Minister briefed the President about his recently concluded visit abr
Published 23 May, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (May 22, 2007).

Published 23 May, 2007 12:00am
US delegation views security atmosphere at courts

US delegation views security atmosphere at courts

A 6-member American delegation met Member Inspection Team (MIT) Lahore High Court (LHC) here on Tuesday and discussed the affairs of security of the courts in Pakistan. The delegation specially showed concern for the security of special courts including a
Published 23 May, 2007 12:00am
6600 prisoners on probation, 50 are on parole in Punjab

6600 prisoners on probation, 50 are on parole in Punjab

As many as 6600 prisoners involved in petty crimes are on probation and 50 convicted in various crimes including murders are on parole on the orders of various courts and the home secretary Punjab.
Published 23 May, 2007 12:00am
Lawyer seeks ban on manufacturing of kites

Lawyer seeks ban on manufacturing of kites

A member of Lahore High Court Bar Association (LHCBA) has approached the Lahore High Court against kite flying and prayed to the court to direct the respondent government to stop the manufacturing of kites and its flying thread.
Published 23 May, 2007 12:00am
THE RUPEE: ratios almost unchanged on currency market

THE RUPEE: ratios almost unchanged on currency market

Firmness prevailed in the interbank market on Tuesday as the rupee did not show any change against dollar for buying and selling at Rs 60.75 and RS 60.76, dealers said. Balanced demand and supply of dollars helped the rupee to maintain its overnight level
Published 23 May, 2007 12:00am
American expert speaks at ICMAP

American expert speaks at ICMAP

Paul Sharman, President & CEO of the Institute of Management Accountants (IMA), United States of America (USA) expressing his viewpoints as a guest speaker during the 18th Shoaib Memorial Lecture arranged by the Institute of Cost and Management Accountant
Published 23 May, 2007 12:00am
THE RUPEE: ratios almost unchanged on currency market

THE RUPEE: ratios almost unchanged on currency market

Firmness prevailed in the interbank market on Tuesday as the rupee did not show any change against dollar for buying and selling at Rs 60.75 and RS 60.76, dealers said. Balanced demand and supply of dollars helped the rupee to maintain its overnight level
Published 23 May, 2007 12:00am
Two girls sent to jail over unnatural wedding

Two girls sent to jail over unnatural wedding

The Lahore High Court (LHC) has sent two girls Shamile Raj and Shehzina, who got married with each other, to jail and issued show-cause notice to doctor Abdul Hafeez, who operated upon Shamile Raj for converting her sex to a male. The court also directed
Published 23 May, 2007 12:00am
Miscellaneous: TRI-PACK FILMS LIMITED - Year Ended 31.12.2006

Miscellaneous: TRI-PACK FILMS LIMITED - Year Ended 31.12.2006

This was another successful year for the company because of commendable rise in sales and profit as well as attaining more than 100% capacity utilization. This supported the company in strengthening its market share despite influx of under-invoiced priced
Published 23 May, 2007 12:00am
Textile and spinning units still facing crises: Aptma

Textile and spinning units still facing crises: Aptma

All Pakistan Textile Mills Association (Aptma) Chairman Adil Mehmood has said that textile and spinning units have been passing through crises for the last one and a half years. While addressing a press conference here on Tuesday, he said that steps taken
Published 23 May, 2007 12:00am
Miscellaneous: TRI-PACK FILMS LIMITED - Year Ended 31.12.2006

Miscellaneous: TRI-PACK FILMS LIMITED - Year Ended 31.12.2006

This was another successful year for the company because of commendable rise in sales and profit as well as attaining more than 100% capacity utilization. This supported the company in strengthening its market share despite influx of under-invoiced priced
Published 23 May, 2007 12:00am
Political stability must for economic progress: ADB

Political stability must for economic progress: ADB

In order to move forward on the way to economic progress, Pakistan needs to maintain political stability, structural reforms, and sound macroeconomic management, says Asian Development Bank's resident mission policy note on Pakistan's public debt, which s
Published 23 May, 2007 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Tuesday (May 22, 2007).

Published 23 May, 2007 12:00am
Jadoon off to Ukraine

Jadoon off to Ukraine

Federal Minister for Petroleum and Natural Resources Amanullah Khan Jadoon left for Ukraine on Tuesday for a weeklong visit at the invitation of his Ukrainian counterpart. The Minister is accompanied by a high-level delegation, comprising Director General
Published 23 May, 2007 12:00am
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