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Print - 2008-02-02
Growing menace of tax frauds - II

Growing menace of tax frauds - II

In the Income Tax Department, according to reports issued by FBR, fake refunds of million of rupees have been issued recently. It is strange that on the one hand tall claims about improvements in integrity levels under the on-going reforms have been made
Published 02 Feb, 2008 12:00am
Negative effects of delay in gas import projects

Negative effects of delay in gas import projects

It is ironic that the country's reserves of natural gas were fast depleting over the past decade or more and still there was no fool proof planning effort that had enabled the much-needed replenishment to support the on-going growth scenario.
Published 02 Feb, 2008 12:00am
'Frictional' impediments

'Frictional' impediments

It may be a case of overreaction on the part of the Sindh government when, according to a report, it suspects the federal government of having hatched a conspiracy against the province's integrated coal-fired power plant project, but it certainly has a va
Published 02 Feb, 2008 12:00am
Fiscal slippages complicating monetary management

Fiscal slippages complicating monetary management

The State Bank of Pakistan is very clear that developments in the first half of the current fiscal and the outlook for the remaining part of the year justify further tightening of the monetary policy. Aggregate demand pressures remain high as both the fis
Published 02 Feb, 2008 12:00am
LSE team to visit Egypt

LSE team to visit Egypt

A Lahore Stock Exchange (LSE) delegation led by Syed Asim Zafar will visit its Egyptian Cairo counterpart on February 4 on a study tour. Exchange Tour Coordinator Azmat Ali Butt said his delegation would stay for a week and visit the cities of Sharmul She
Published 02 Feb, 2008 12:00am
Seafood export: TDAP and Unido to discuss lifting of EU ban

Seafood export: TDAP and Unido to discuss lifting of EU ban

A meeting between Trade Development Authority of Pakistan (TDAP) and UN Industrial Development Organisation (Unido) will be held on February 6 to discuss measures for lifting of European Union (EU) ban on Pakistan's seafood export.
Published 02 Feb, 2008 12:00am
SNGPL explains CNG stations closure

SNGPL explains CNG stations closure

Sui Northern Gas Pipelines Limited (SNGPL) Managing Director Rashid Lone on Friday said that closure of some compressed natural gas (CNG) stations in Islamabad and Rawalpindi, NWFP and Punjab was aimed at providing smooth gas supply to domestic users.
Published 02 Feb, 2008 12:00am
Admissions to MS, MPhil announced

Admissions to MS, MPhil announced

The University of Sindh has announced admissions to MS/MPhil in Mathematics, Computer Science, Geology, Chemistry and Zoology for the session 2008 on Friday.
Published 02 Feb, 2008 12:00am
Quran Khawani for Benazir held

Quran Khawani for Benazir held

Sindh University (SU) students and employees arranged Quran Khawani and Fateha for former prime minister Mohtarma Benazir Bhutto at the central mosque of boy's hostels at Allama I.I. Kazi Campus, Jamshoro on Friday. The Provost Hostels Dr M. Siddique Kalh
Published 02 Feb, 2008 12:00am
Semester system soon in Sindh medical colleges

Semester system soon in Sindh medical colleges

The semester system would be introduced soon in medical colleges of Sindh to put the education system at par with US education standards said Professor Naushad Sheikh, Vice Chancellor of Liaquat University.
Published 02 Feb, 2008 12:00am
Pakistan seafood industries association postpones strike call

Pakistan seafood industries association postpones strike call

Pakistan Seafood Industries Association (PSIA) has postponed its strike which was to be observed on February 4, 2008 on assurance of the high federal government officials that all the problems being faced by the fish industry have been considered and it i
Published 02 Feb, 2008 12:00am
LHC dismisses Imran's petition

LHC dismisses Imran's petition

The Lahore High Court (LHC) on Friday dismissed a petition of Pakistan Tehrik-e-Insaf Chief, Imran Khan, against Punjab government's order restraining him to leave Lahore.
Published 02 Feb, 2008 12:00am
UHS sets up department of family medicine

UHS sets up department of family medicine

The University of Health Sciences (UHS) has set up the department of Family Medicine in a bid to support the development of general practice-cum-family medicine. Britain's Royal College of General Practitioners Chairman, Dr Garth Manning, opened the depar
Published 02 Feb, 2008 12:00am
Punjab and Glasgow university sign MoU

Punjab and Glasgow university sign MoU

The Punjab and Glasgow Universities have signed a memorandum of understanding to promote research and academic exchange through various activities of mutual interest. Vice Chancellor Professor Dr Mujahid Kamran and his counterpart's representatives, Peter
Published 02 Feb, 2008 12:00am
Results announced

Results announced

Punjab University Examination Department has declared result of various exams. These exams include M.A Political Science, Part-II, Annual Examination 2007, M.A History, Part-II, Annual Examination 2007, M.Sc Chemistry, 2-Years, Evening (Semester System),
Published 02 Feb, 2008 12:00am
Punjab University farewell for additional registrar

Punjab University farewell for additional registrar

A farewell party was held for Additional Registrar Punjab University Colonel Mustansar Javed (Retd) who has joined King Edward University as Additional Controller after serving 8 years in PU. A lunch was arranged at University Executive club in this regar
Published 02 Feb, 2008 12:00am
Wasa sets up complaint cell

Wasa sets up complaint cell

The government has set up a central complaint cell, accessible through toll free number 1334, at the Water and Sanitation Authority's (Wasa) head office to address its customers' problems. Punjab Housing, Urban Development and Public Health Engineering Mi
Published 02 Feb, 2008 12:00am
Pida website launch in two months

Pida website launch in two months

The Punjab Irrigation and Development Authority is launching a web-site in two months to help farmers. Punjab Minister for Irrigation and Power Syed Dilawar Abbas told a farmers' delegation in his office on Friday that the web-site would be completed in t
Published 02 Feb, 2008 12:00am
PPA to import India corn, other grains for poultry feeds

PPA to import India corn, other grains for poultry feeds

The Pakistan Poultry Association has decided to import corn and other grains from India, it was learnt here on Friday. "Corn and other grains are used for poultry feeds and are short in supply locally," the association's Secretary said.
Published 02 Feb, 2008 12:00am
PCRA to observe 'Demands Day' on February 7

PCRA to observe 'Demands Day' on February 7

The Pakistan Chemists Retailers Association (PCRA) has announced that it will observe February 7 as "Demands Day" to press the provincial government to drop the Punjab Drugs Rules 2007 and accept other demands.
Published 02 Feb, 2008 12:00am
Self-reliance national economic policy urged

Self-reliance national economic policy urged

The Pakistan Workers Federation has demanded that all major political parties include a demand to adopt a "national economic self-reliance policy" in their election manifestos to develop the industries and agriculture.
Published 02 Feb, 2008 12:00am
Aitzaz urges Musharraf to step down

Aitzaz urges Musharraf to step down

A firebrand lawyer called on Friday for President Pervez Musharraf to step down, a day after authorities freed him from nearly three months of detention. Aitzaz Ahsan, head of Supreme Court Bar Association, was first jailed and then kept under house arres
Published 02 Feb, 2008 12:00am
SBP urged to recognise women entrepreneurs as separate sector

SBP urged to recognise women entrepreneurs as separate sector

Women entrepreneurs have urged the State Bank of Pakistan (SBP) to recognise them as a separate sector and devise a strategy to provide them with special loans. The demand was made at a meeting between the Punjab Women and SBP officials here on Friday.
Published 02 Feb, 2008 12:00am
Business women specific loan facilities urged

Business women specific loan facilities urged

Trade Development Authority Punjab, Lahore conducted a meeting of women entrepreneurs of the province with State Bank of Pakistan officials to discuss bank-related issues of businesswomen, and to apprise SBP of non-availability of loans specific to this s
Published 02 Feb, 2008 12:00am
Monetary policy will do no good to economy: LCCI

Monetary policy will do no good to economy: LCCI

The Lahore Chamber of Commerce and Industry on Friday castigated the State Bank of Pakistan for raising interest rates under the pretext of controlling the spiralling inflation in the country. Chamber President Mohammad Ali Mian's reaction came following
Published 02 Feb, 2008 12:00am
Zia Jalandhari's 85th anniversary celebrated

Zia Jalandhari's 85th anniversary celebrated

Islamabad chapter of Halqa-i-Arbab Zauq held a special literary function on Friday to celebrate the 85th anniversary of the stylish poet Zia Jalandhari (real name Zia Nisar Ahmad). Zia, a well established poet, has a different style and also great poetic
Published 02 Feb, 2008 12:00am
'Nawaz responsible for destroying institutions'

'Nawaz responsible for destroying institutions'

Pakistan Muslim League leader Humayun Akhtar Khan has attacked the Pakistan Muslim League-Nawaz for its record increase in railway employees' wages when the latter was in power. He has also claimed that Nawaz Sharif and Asif Ali Zardari caused billions of
Published 02 Feb, 2008 12:00am
Series of lectures at Punjab University

Series of lectures at Punjab University

Punjab University Center for South Asian Studies will hold a series of lectures on 4, 6, and 7th February 2008. Dr Musarrat Jabeen, Associate Professor, University of Balochistan, Quetta will deliver the special lectures on three important issues.
Published 02 Feb, 2008 12:00am
NAB to receive complaints on phone

NAB to receive complaints on phone

The National Accountability Bureau (NAB) has appended a new chapter to reach out to a common man to receive complaints on phone from all those aggrieved by the corrupt and other cheating elements of the society.
Published 02 Feb, 2008 12:00am
Applications for CA panel: SECP extends date to February 29

Applications for CA panel: SECP extends date to February 29

The Securities and Exchange Commission of Pakistan (SECP) has extended the date for chartered accountant firms to submit applications for inclusion in the panel of auditors up to February 29. In this connection, the SECP has informed the Institute of Char
Published 02 Feb, 2008 12:00am
CCP issues policy for registered entities

CCP issues policy for registered entities

The Competition Commission of Pakistan (CCP) has issued policy for the registered entities seeking advice on issuance of notices, case's hearings and grant of adjournments. Sources told Business Recorder on Friday that a clear cut policy on notices
Published 02 Feb, 2008 12:00am
Doctors urged to adopt new methods of treatment

Doctors urged to adopt new methods of treatment

Post-Graduate Medical Institute Principal Professor Dr Sajjad Hussain has said modern research and innovations in medicine have given new trends of treatment of diseases and now such doctors and surgeons will be a successful ones adopting new methods of t
Published 02 Feb, 2008 12:00am
Family physicians urged to help eradicate quackery

Family physicians urged to help eradicate quackery

The family physicians should join hands with the government to help eliminate the menace of quackery from the country, Punjab Health Minister Aslam Humayun said. His comments came at the 18th Annual International Conference on Family Medicine organised by
Published 02 Feb, 2008 12:00am
Burney, Turkish envoy discuss human trafficking issue

Burney, Turkish envoy discuss human trafficking issue

Caretaker Minister for Human Rights Ansar Burney and Turkish Ambassador to Pakistan Engin Soysal here on Friday discussed issues relating to human trafficking. The caretaker minister told him that government was taking concrete measures to eliminate the s
Published 02 Feb, 2008 12:00am
Pakistan terms Saarc viable mechanism for promotion of peace

Pakistan terms Saarc viable mechanism for promotion of peace

Foreign Minister Inam ul Haque, underlining the importance of regional cooperation, Friday termed Saarc as a viable mechanism for promotion of peace, development and progress. The Foreign Minister was talking to Chankyab Dorji, the Saarc Secretary General
Published 02 Feb, 2008 12:00am
The Weather

The Weather

The weather report on Friday (February 01, 2008) and the forecast for Saturday (February 02, 2008).
Published 02 Feb, 2008 12:00am
Benazir's assassination may exacerbate unrest in Sindh: Noam Chomsky

Benazir's assassination may exacerbate unrest in Sindh: Noam Chomsky

Noam Chomsky, a professor of Linguistics at Massachusetts Institute of Technology, who is a well-known writer, thinker and political activist. In this interview that he gave to Business Recorder's and Aaj TV's Fahad Faruqui Professor Chomsky analys
Published 02 Feb, 2008 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 02 Feb, 2008 12:00am
Benazir's assassination may exacerbate unrest in Sindh: Noam Chomsky

Benazir's assassination may exacerbate unrest in Sindh: Noam Chomsky

Noam Chomsky, a professor of Linguistics at Massachusetts Institute of Technology, who is a well-known writer, thinker and political activist. In this interview that he gave to Business Recorder's and Aaj TV's Fahad Faruqui Professor Chomsky analys
Published 02 Feb, 2008 12:00am
Musharraf's message to Chinese President

Musharraf's message to Chinese President

President Pervez Musharraf has expressed sympathies with Chinese government on the loss due to snowstorms and inclement weather. President Musharraf in his message to President of People's Republic of China Hu Jintao said.
Published 02 Feb, 2008 12:00am
Governor directs start of work on Marble City

Governor directs start of work on Marble City

NWFP Governor Owais Ahmad Ghani during a presentation here at Governor House on Friday directed that development work should be initiated in the proposed 'Marble City' in Mohmand Agency, and assured of full security and protection to the consultants and o
Published 02 Feb, 2008 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (February 01, 2008).

Published 02 Feb, 2008 12:00am
RCCI elections challenged in LHC

RCCI elections challenged in LHC

Lahore High Court, Rawalpindi Bench Friday asked the Director General Trade Organisations to submit membership record of the Rawalpindi Chamber of Commerce and Industry (RCCI). The single bench of Lahore High Court headed by Justice Syed Sajjad Hussain Sh
Published 02 Feb, 2008 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Friday (February 01, 2008) and for Saturday (February 02, 2008).
Published 02 Feb, 2008 12:00am
'Fishermen Cooperative Society to be developed on modern lines'

'Fishermen Cooperative Society to be developed on modern lines'

The Administrator of the Fisherman Cooperative Society (FCS) Limited, Tahir Dada, on Friday vowed to develop the society on modern lines to generate at least Rs 3.5 billion revenue a year. Addressing the fishermen's gathering at the Convention Hall, he sa
Published 02 Feb, 2008 12:00am
Czech Republic trade delegation meets ICCI President

Czech Republic trade delegation meets ICCI President

A two-member trade delegation from Czech Republic led by the prominent industrialist, Michal Jirkovsky met the President Islamabad Chamber of Commerce and Industry, Ijaz Abbasi here on Friday. The ICCI President said that Pakistan is under the grip of med
Published 02 Feb, 2008 12:00am
Good response from foreign buyers for exposition Pakistan

Good response from foreign buyers for exposition Pakistan

More than 500 leading foreign buyers of relevant sectors are expected to attend Expo Pakistan 2008, scheduled from March 13 to 16 at Karachi Expo Centre. This was stated during a meeting, which reviewed progress on organisation of Expo Pakistan 2008 at Tr
Published 02 Feb, 2008 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (February 01, 2008).

Published 02 Feb, 2008 12:00am
IJT to elect new president

IJT to elect new president

Amongst members of Islami Jamiat Talaba (IJT) Pakistan will elect a new president along with provincial heads (nazims) of the student organisation on Saturday during their annual convention in Peshawar.
Published 02 Feb, 2008 12:00am
Jamaat-e-Islami plans rallies on 'Kashmir Day'

Jamaat-e-Islami plans rallies on 'Kashmir Day'

The Jamaat-e-Islami Pakistan has announced to observe 'Kashmir Solidarity Day' on February 5 worldwide, including Pakistan, in a bid to raise the Kashmir case at international level and express solidarity with Kashmiris.
Published 02 Feb, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (February 01, 2008).

Published 02 Feb, 2008 12:00am
'Country still under emergency rule'

'Country still under emergency rule'

Patron of Pakistan Muslim League-Nawaz (PML-N) Mian Muhammad Nawaz Sharif has said that although President Pervaz Musharraf has announced to lift emergency, but the country is still under emergency rule as the chief justice and judges are under detention
Published 02 Feb, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (February 01, 2008).

Published 02 Feb, 2008 12:00am
All doors to dictatorship will be shut forever: Nawaz

All doors to dictatorship will be shut forever: Nawaz

Former prime minister and PML-N leader Nawaz Sharif has said that the coffin of 'doctrine of necessity' will be thrown into Arabian Sea and all doors to dictatorship will be shut for ever.
Published 02 Feb, 2008 12:00am
Nawaz lashes out at Musharraf for failing economy

Nawaz lashes out at Musharraf for failing economy

Former premier Nawaz Sharif on Friday made failing economy and, what he called, Musharraf's cowardness harming Pakistan strong points against political rivals as he addressed first campaign rally since the assassination of fellow opposition leader Benazir
Published 02 Feb, 2008 12:00am
Forest department clerk held for corruption

Forest department clerk held for corruption

The head clerk of Divisional Forest Office was caught red-handed by Anti-Corruption personnel while taking bribe. A retired staffer Zakriya Zahid of the said office had filed a complaint with the Anti-Corruption department that the head clerk Akhtar Ali h
Published 02 Feb, 2008 12:00am
THE RUPEE: sharp fall versus dollar

THE RUPEE: sharp fall versus dollar

Bearish sentiment was seen on the interbank market on Friday as the rupee dropped by nine paisa against the dollar for buying at 62.73 and it shed 10 paisa for selling at 62.76, dealers said. Costlier payments requirements increased dollars' demand and di
Published 02 Feb, 2008 12:00am
SPDC annual report today

SPDC annual report today

Social Policy and Development Centre (SPDC) would launch its annual report Social Development in Pakistan 2006-07, titled "Devolution and Human Development" at a hotel here on Saturday.
Published 02 Feb, 2008 12:00am
THE RUPEE: sharp fall versus dollar

THE RUPEE: sharp fall versus dollar

Bearish sentiment was seen on the interbank market on Friday as the rupee dropped by nine paisa against the dollar for buying at 62.73 and it shed 10 paisa for selling at 62.76, dealers said. Costlier payments requirements increased dollars' demand and di
Published 02 Feb, 2008 12:00am
Livestock development: need stressed for adoption of modern technology

Livestock development: need stressed for adoption of modern technology

Punjab Caretaker Minister for Livestock and Dairy Development, Mumtaz Khan Menhais has urged upon the officers of the department to gear up their efforts for the provision of scientific and technical services and guidance to the livestock farmers in order
Published 02 Feb, 2008 12:00am
Annual contests

Annual contests

The annual contests for Qirat and Hifz-e-Quran will be held here on February 6 at Jamia Masjid, Nila Gumbad. Meanwhile, annual contest for recitation of 'Naat' will be held on February 9 at Muslim Masjid, Lohari gate. Participants will be divided into fou
Published 02 Feb, 2008 12:00am
HBFC to waive debts for quake-affectees

HBFC to waive debts for quake-affectees

District Nazim Manshera, Sardar Muhammad Yousaf has said that in pursuance of the directives of President Pervez Musharraf, the previous debts of House Building Finance Corporation (HBFC) for the earthquake-affected people of district Manshera would be wa
Published 02 Feb, 2008 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Friday (February 01, 2008).

Published 02 Feb, 2008 12:00am
Rallies, wall chalking banned in Faisalabad

Rallies, wall chalking banned in Faisalabad

City District Nazim, Rana Zahid Tauseef has prohibited wall chalking within the revenue limits of district Faisalabad. He has taken this step under section 144 of Pakistan Penal Code and the order has been enforced with immediate effect.
Published 02 Feb, 2008 12:00am
Governor Punjab leaves for Makkah

Governor Punjab leaves for Makkah

Governor Punjab Lieutenant General Khalid Maqbool (Retd) left for Makkah on Friday to perform Umrah, and will remain in Saudi Arabia till February 3. Chief Justice of Lahore High Court (LHC) Syed Zahid Hussain will be Acting Governor in his absence.
Published 02 Feb, 2008 12:00am
Government determined to strengthen democratic process: Memon

Government determined to strengthen democratic process: Memon

Caretaker Minister for Information and Broadcasting Nisar A. Memon on Friday said that the government is fully determined to strengthen the democratic process in the country. He was talking to a 4-member delegation led by Deputy Speaker of Legislative Ass
Published 02 Feb, 2008 12:00am
No information about killing of Al-Libi: minister

No information about killing of Al-Libi: minister

Caretaker Interior Minister Lieutenant General Hamid Nawaz Khan (Retd) on Friday said that the government has no information to confirm reports that a top al Qaeda operative Abu Laith Al-Libi had been killed.
Published 02 Feb, 2008 12:00am
'No threat of bird flu in Islamabad'

'No threat of bird flu in Islamabad'

There is no immediate threat of bird flu in the federal capital and regular surveillance of poultry farms is being conducted in Islamabad. The sampling of poultry is being conducted on regular basis within the jurisdiction of Islamabad and vigilance at po
Published 02 Feb, 2008 12:00am
Presentation

Presentation

Presentation at KSE auditorium (only for members and an authorised employee of the members).

Published 02 Feb, 2008 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 02 Feb, 2008 12:00am
Political parties urged to let students focus on education

Political parties urged to let students focus on education

People here have urged the political parties that they should refrain from disrupting peace and polluting the environment of educational institutions by involving the student community in political activities for their interest.
Published 02 Feb, 2008 12:00am
Board meetings in progress

Board meetings in progress

Board Meetings in Progress of Companies listed on the Karachi Stock Exchange.

Published 02 Feb, 2008 12:00am
ECP receives no complaint against nazims: CEC

ECP receives no complaint against nazims: CEC

Chief Election Commissioner (CEC) former justice Qazi Muhammad Farooq has said that Election Commission of Pakistan (ECP) has not received any complaints from district returning officers (DROs) against the nazims. He was talking to mediapersons after chai
Published 02 Feb, 2008 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 02 Feb, 2008 12:00am
EU team visits MQM zonal office

EU team visits MQM zonal office

A two-member delegation of European Union (EU) election observers visited MQM's zonal office here to review the electioneering and political situation, a press release said here on Friday. The observers held a meeting with MQM zonal incharge Tasleem Khan,
Published 02 Feb, 2008 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Karachi Stock Exchange.

Published 02 Feb, 2008 12:00am
HEC team visits China for setting up Pak-China University

HEC team visits China for setting up Pak-China University

On the invitation of the Chinese Consortium of Universities, collaborating with the Higher Education Commission (HEC) in the establishment of the Pakistan China University (PCU), at Islamabad, a two-member HEC delegation visited China, recently.
Published 02 Feb, 2008 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Friday (February 01, 2008).

Published 02 Feb, 2008 12:00am
Obituary

Obituary

Tanwir Ahmed, a senior bureaucrat and former federal secretary was laid to rest in 7-UP Graveyard Lahore on Friday. He breathed his last on Thursday evening.
Published 02 Feb, 2008 12:00am
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