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Print - 2008-09-20
Government to enhance power generation in Northern Areas

Government to enhance power generation in Northern Areas

Federal government is taking keen interest to enhance power generation in the Northern Areas, especially in Baltistan region (Skardo and Ghangche districts) and huge funds are being spent for this purpose. Official sources told APP here on Friday that two
Published 20 Sep, 2008 12:00am
17 shopkeepers arrested for overcharging

17 shopkeepers arrested for overcharging

The district administration here on Friday made surprise raids on various bazaars and checked the prices of different edible and quality of food items. The special teams arrested and fined 17 shopkeepers for overcharging and not displaying the price lists
Published 20 Sep, 2008 12:00am
Professor Iftikhar honoured

Professor Iftikhar honoured

The President, Islamic Republic of Pakistan has announced authorising civil award, Tamgha-e-Imtiaz to Professor Dr Iftikhar Ahmad Khan, Dean, Faculty of Agriculture in recognition of his meritorious services in the field of agricultural research. Earlier,
Published 20 Sep, 2008 12:00am
Arrangements for Yaum-e-Ali finalised

Arrangements for Yaum-e-Ali finalised

Martyrdom of Amirul Momineen Hazrat Ali Ibne Abi Talib (AS) will be observed on Monday, throughout the country with religious spirit and reverence. In Hyderabad the day will mark its end with "Universal Ayyam-e-Aza", said sources associated with Anjuman-e
Published 20 Sep, 2008 12:00am
Pesco gives defaulters 10 days to pay dues

Pesco gives defaulters 10 days to pay dues

The Peshawar Electricity Supply Company (Pesco) has decided to re-launch disconnection and recovery campaign against all defaulting Federal and Provincial Government departments and private customers. A spokesman of Pesco, Shaukat Afzal Khan, told APP her
Published 20 Sep, 2008 12:00am
Olympics favourite among 30 percent Pakistanis: Gallup Pakistan

Olympics favourite among 30 percent Pakistanis: Gallup Pakistan

According to a recent Gallup Pakistan survey, close to 30 percent of a nationally representative sample of men and women claim to have seen the fire-works studded Opening Ceremony and 36 percent claim to have seen the closing ceremony this year.
Published 20 Sep, 2008 12:00am
PPAF, PDDC join hands for dairy development

PPAF, PDDC join hands for dairy development

Pakistan Poverty Alleviation Fund (PPAF) and Pakistan Dairy Development Company (PDDC) joined hands to facilitate establishment and growth of community-based dairy farms and other dairy development programmes to improve the milk production in the country.
Published 20 Sep, 2008 12:00am
Gas for power plant

Gas for power plant

With reference to the report "Gas supply for power plant: 'favoured project' approved by PPIB", the only surprising thing is that it has happened six months after the new government took over. You must remember that in this country, all crimes can be whit
Published 20 Sep, 2008 12:00am
Stop supplies to US

Stop supplies to US

We strongly urge our government to immediately stop logistics support to US. What we are doing? We are providing materials to US that it needs to attack us. Nobody is saying that you start a war against US but atleast stop transporting all the fuel that i
Published 20 Sep, 2008 12:00am
Ozone layer preservation

Ozone layer preservation

The international day for the preservation of ozone layer was observed on September 16, 2008 with focus on combating the depletion of earth's fragile protective shield. Recent studies have indicated a connection between dangerous diseases like brain disea
Published 20 Sep, 2008 12:00am
Americans struggle to cope with financial turmoil

Americans struggle to cope with financial turmoil

Financial advisor Paula Gomez usually works half days at this time of year. Her stable of well-heeled clients have all filed their taxes, and their diversified portfolios have been built for long-term growth. But over the past few days her phone has been
Published 20 Sep, 2008 12:00am
Calls for pay restraint fall on deaf ears in Europe

Calls for pay restraint fall on deaf ears in Europe

Calls for pay restraint as major European economies slip into recession are falling on deaf ears, with workers in numerous countries grumbling that they have gained few of the promised fruits of the last upswing. Earlier in September, European Central Ban
Published 20 Sep, 2008 12:00am
Black money and revenue losses - I

Black money and revenue losses - I

Tackling twin menace of black money and tax evasion has always been a failure in Pakistan. Successive governments, instead of dealing with these issues with an iron hand, have been pardoning the corrupt and appeasing tax evaders through various laws and a
Published 20 Sep, 2008 12:00am
Boucher's outrageous demand

Boucher's outrageous demand

It is known for a while that the US has been telling the new civilian government in Islamabad in hushed tones to 'reform' Pakistan's military intelligence agency, the ISI, alleging that some of its officers have links with the extremist elements. Now the
Published 20 Sep, 2008 12:00am
For stemming the rot

For stemming the rot

The global financial crisis has prompted International Monetary Fund (IMF) Managing Director Dominique Strauss-Kahn to issue a statement after a Gulf Co-operation Council meeting in Jeddah: "IMF projections indicate a decline in global growth to about 4.0
Published 20 Sep, 2008 12:00am
Government urged to ask Passco to start buying paddy

Government urged to ask Passco to start buying paddy

Farmers Associates Pakistan (FAP) has urged the government to ask the Pakistan Agricultural Storage and Services Corporation (Passco) to immediately start buying paddy. The executive committee of the FAP in its recently held meeting welcomed the governmen
Published 20 Sep, 2008 12:00am
Penalty imposed on FBR official for corrupt practices

Penalty imposed on FBR official for corrupt practices

The Federal Board of Revenue (FBR) has imposed minor penalty of 'withholding of one increment' on Muhammad Ishaque Memon (ITG/BS-20) Commissioner, E&C Division, Regional Tax Office (RTO), Karachi. According to a notification issued on Friday, the board ha
Published 20 Sep, 2008 12:00am
Seminar on 'Sustainable Urban Development and Transport' today

Seminar on 'Sustainable Urban Development and Transport' today

Planning Commission will host Clinton Climate Initiative (CCI) seminar on "Sustainable Urban Development and Transport" here on Saturday (today). The CCI is a project of the Clinton Foundation that is dedicated to make a difference in the fight against cl
Published 20 Sep, 2008 12:00am
Two injured in cylinder blast

Two injured in cylinder blast

Two workers received serious burn injuries when a gas cylinder exploded in an automobile workshop at Tajpura phatik, here on Friday. A spokesman of Rescue 1122 said that Kashif and Azeem were busy in their work when the gas cylinder exploded. As a result
Published 20 Sep, 2008 12:00am
Vehicles auction body meeting remains inconclusive

Vehicles auction body meeting remains inconclusive

A meeting of the Auction Committee for Government vehicles was held under the chairmanship of the NWFP Minister for Finance Engineer Muhammad Humayun Khan at the conference room of Finance Department, here on Friday. Those who attended the meeting include
Published 20 Sep, 2008 12:00am
Sri Lankan diplomat calls on Malik

Sri Lankan diplomat calls on Malik

Pakistan will help Sri Lanka in the establishment of central databank, besides extending its support in security measures. This was discussed in a meeting between Advisor to Prime Minister on Interior Rehman Malik and High Commissioner of Sri Lanka Dr WB
Published 20 Sep, 2008 12:00am
Kashmiris offer prayers at Aali Masjid after 61 years

Kashmiris offer prayers at Aali Masjid after 61 years

In occupied Kashmir, hundreds of Kashmiri devotees offered congregational prayers at the historic Aali Masjid in Srinagar after nearly 61 years. Awami Action Committee organised special prayers in the Mosque on the death anniversary of late Mirwaiz Muhamm
Published 20 Sep, 2008 12:00am
Cash management optimiser service soon

Cash management optimiser service soon

MCB Asset Management Company (AMC) Limited and MCB Bank Cash Management Division have recently entered into an arrangement to offer Cash Management Solution by the name of Cash Management Optimiser (C'MOP) to its Clients. The product is specially suited t
Published 20 Sep, 2008 12:00am
Cash management optimiser service soon

Cash management optimiser service soon

MCB Asset Management Company (AMC) Limited and MCB Bank Cash Management Division have recently entered into an arrangement to offer Cash Management Solution by the name of Cash Management Optimiser (C'MOP) to its Clients. The product is specially suited t
Published 20 Sep, 2008 12:00am
ZTBL disbursed Rs 48 billion agriculture loans up to August

ZTBL disbursed Rs 48 billion agriculture loans up to August

Zarai Tarqiati Bank Ltd (ZTBL) has disbursed agricultural loans of Rs 48 billion up to August 2008, against Rs 37 billion disbursed during the same period of last corresponding year. It was announced by ZTBL President Muhammad Zaka Khan Ashraf while addre
Published 20 Sep, 2008 12:00am
Quack's clinic closed, case registered

Quack's clinic closed, case registered

The Health Regulatory Authority (HRA) NWFP has closed down clinic of a quack medical practitioner Dr Muhammad Tariq at Izzat Khan Chowk, Swati Gate, Peshawar. According to detail, inspection team of HRA headed by Dr Ahmad Ali following a complaint raided
Published 20 Sep, 2008 12:00am
Kamal speaks about plans, performance

Kamal speaks about plans, performance

City Nazim Syed Mustafa Kamal has said that City District Government Karachi (CDGK) has carried out a number of development works in a record short period of two and a half years. "Despite tremendous improvisation, I rate my performance zero as Karachi is
Published 20 Sep, 2008 12:00am
French Consul General meets Karachi Naib Nazim

French Consul General meets Karachi Naib Nazim

Karachi City Naib Nazim Nasrin Jalil has said that various people and Taliban are coming to Karachi because of deteriorating conditions in various parts of NWFP. However, she added that the term 'Taliban' does not mean Pakhtoons but those extremist elemen
Published 20 Sep, 2008 12:00am
Faizan Mitha elected FMA president

Faizan Mitha elected FMA president

The Global Treasurer of HBL, Faizan Mitha has been elected as the 'President of Financial Markets Association (FMA)' of Pakistan. Faizan has 24 years of International Banking experience in treasury and investment banking arena and worked with Major Financ
Published 20 Sep, 2008 12:00am
DG Khan Cement posts loss

DG Khan Cement posts loss

DG Khan Cement has posted a net loss of Rs 53.230 million in the year ended June 30, 2008 against a net profit of Rs 1,622.471 million in the corresponding period last year. The company recorded per share loss of Re. 0.21 in the period under review agains
Published 20 Sep, 2008 12:00am
DG Khan Cement posts loss

DG Khan Cement posts loss

DG Khan Cement has posted a net loss of Rs 53.230 million in the year ended June 30, 2008 against a net profit of Rs 1,622.471 million in the corresponding period last year. The company recorded per share loss of Re. 0.21 in the period under review agains
Published 20 Sep, 2008 12:00am
The Weather

The Weather

The weather report on Friday (September 19, 2008) and the forecast for Saturday (September 20, 2008).

Published 20 Sep, 2008 12:00am
Mirza files defamation suit against Arbab

Mirza files defamation suit against Arbab

Zulfiqar A Mirza, Sindh Home Minister on Friday filed a suit for defamation against Dr Arbab Ghulam Rahim, former Sindh Chief Minister. The plaintiff sought a decree and damages worth rupees 50 million against the defendant Dr Arbab Ghulam Rahim for harra
Published 20 Sep, 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 20 Sep, 2008 12:00am
TCP steps to overcome wheat shortage: seven more ships due next week

TCP steps to overcome wheat shortage: seven more ships due next week

Keeping in view the acute shortage of wheat in the country, Trading Corporation of Pakistan (TCP) is taking every possible step to overcome the problem on priority basis. Presently two ships namely MV Force Ranger and MV Siam Pearl carrying 41,000 and 32,
Published 20 Sep, 2008 12:00am
1999 palm oil scam likely to be resolved

1999 palm oil scam likely to be resolved

The imported palm oil scam, which was under observation for the last eight years, is likely to be resolved shortly. This was stated by Dr Sagheer Ahmed, Minister for Health was along with Special Secretary, Health, District Office, City District Governmen
Published 20 Sep, 2008 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (September 19, 2008).

Published 20 Sep, 2008 12:00am
'PPP supporting PML-N in Punjab unconditionally'

'PPP supporting PML-N in Punjab unconditionally'

Senior Minister Punjab Government Raja Riaz said Pakistan People's Party (PPP) was supporting Pakistan Muslim League (N) government in Punjab unconditionally. In Punjab they took no such steps that could lead to disunity and they were still with the PML-N
Published 20 Sep, 2008 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (September 19, 2008).

Published 20 Sep, 2008 12:00am
Tevta, Pasdec sign MoU

Tevta, Pasdec sign MoU

The Technical Education and Vocational Training Authority (Tevta) has signed a memorandum of understanding with the Pakistan Stone Development Company (Pasdec) for providing trained manpower in the field of marble industry. Tevta Chairman Mohsin Syed and
Published 20 Sep, 2008 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (September 19, 2008).

Published 20 Sep, 2008 12:00am
AKU to set up skills learning centre

AKU to set up skills learning centre

Aga Khan University (AKU) will be setting up a skills learning centre that will pioneer the use of virtual reality tools, simulation, teleconferencing and telelearning to enhance learning capacity in the health care sector.
Published 20 Sep, 2008 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Friday (September 19, 2008) and for Saturday (September 20, 2008).
Published 20 Sep, 2008 12:00am
Directives to shift students from dilapidated school buildings

Directives to shift students from dilapidated school buildings

The children studying in schools with dilapidated buildings should immediately be shifted to safer schools. This was directed by Sindh Minister for Education Pir Mazhar ul Haq. He was chairing a high-level meeting here to review the condition of those sch
Published 20 Sep, 2008 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (September 19, 2008).

Published 20 Sep, 2008 12:00am
MA previous external result announced

MA previous external result announced

The University of Karachi on Friday announced the result of M.A. (Previous) External Annual Examination 2007. The result pertains to the discipline of English and of the Islamic studies. According to statistics, 830 candidates got themselves registered fo
Published 20 Sep, 2008 12:00am
25,000 metric tons urea arrives at KPT

25,000 metric tons urea arrives at KPT

A ship carrying 25,000 metric tons of urea from Saudi Arabia has arrived at Karachi Port Trust (KPT) early Friday, the port sources said. They said that MV Hanjin Calcutta has arrived at 6:15am on Friday morning and will be taken to Berthing area as soon
Published 20 Sep, 2008 12:00am
Sena threatens fresh economic blockade against occupied Kashmir

Sena threatens fresh economic blockade against occupied Kashmir

Hindu extremist organisation, Shiv Sena has threatened fresh economic blockade of occupied Kashmir if Indian companies bypass Jammu distributors and directly supply goods to the Kashmir Valley. Addressing a news conference in New Delhi, Shiv Sena's Jammu
Published 20 Sep, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (September 19, 2008).

Published 20 Sep, 2008 12:00am
Directive to brokers

Directive to brokers

The National Clearing Company of Pakistan Limited (NCCPL) has asked all broker clearing members acting as financee in CFS Mk-II market to submit the latest certificate of net capital balance as of June 30, 2008. In a notice to all brokers the NCCPL said t
Published 20 Sep, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (September 19, 2008).

Published 20 Sep, 2008 12:00am
Directive to brokers

Directive to brokers

The National Clearing Company of Pakistan Limited (NCCPL) has asked all broker clearing members acting as financee in CFS Mk-II market to submit the latest certificate of net capital balance as of June 30, 2008. In a notice to all brokers the NCCPL said t
Published 20 Sep, 2008 12:00am
10th Asian Arts Festival: Pakistani cultural troupe arrives in Beijing

10th Asian Arts Festival: Pakistani cultural troupe arrives in Beijing

A 24-member Pakistan cultural troupe arrived here on Friday to perform at the 10th Asian Arts Festival in Zhengzhou. Speaking at the Beijing Capital International Airport with media, the leader of the troupe, Deputy Secretary (Culture) Abdul Sattar Khokha
Published 20 Sep, 2008 12:00am
Ozone hole in 2008 'larger than previous year'

Ozone hole in 2008 'larger than previous year'

The ozone hole is larger in 2008 than the previous year but is not expected to reach the size seen two years ago, according to the World Meteorological Organisation. "In 2008, the ozone hole appeared relatively late. However, during the last couple of wee
Published 20 Sep, 2008 12:00am
THE RUPEE: dollar at Rs 78

THE RUPEE: dollar at Rs 78

The dollar attained the new high against the rupee in both interbank and open market on Friday, dealers said. In the interbank market the rupee touched the record low at 78.00, dealers said. Since the week started the rupee is on the downside.
Published 20 Sep, 2008 12:00am
Constable and brother gun down two real brothers

Constable and brother gun down two real brothers

A police constable and his brother shot dead two real brothers here in Charriala village, district Abbottabad. According to details, the incident occurred near police post Kuthiala of Sherwan police station, police sources said.
Published 20 Sep, 2008 12:00am
THE RUPEE: dollar at Rs 78

THE RUPEE: dollar at Rs 78

The dollar attained the new high against the rupee in both interbank and open market on Friday, dealers said. In the interbank market the rupee touched the record low at 78.00, dealers said. Since the week started the rupee is on the downside.
Published 20 Sep, 2008 12:00am
Rape victim sympathised, culprits warned

Rape victim sympathised, culprits warned

Punjab Minister for Human Rights and Minority's Affairs Kamran Michael on Friday said that on the directive of Chief Minister Punjab, a young rape victim, admitted to General hospital Lahore, would be given all the facilities for treatment.
Published 20 Sep, 2008 12:00am
District Toba Tek Singh: teachers' union leader killed in 'encounter'

District Toba Tek Singh: teachers' union leader killed in 'encounter'

Muttahida Asatiza Mohaz Pakistan General Secretary Taj Haider has alleged that a Station House Officer (SHO) of Pir Mahal Darkhana Road Police Station Jamshaid Dasti in District Toba Taik Singh has killed Punjab Teachers Union central leader Attaullah in
Published 20 Sep, 2008 12:00am
Egyptian jewellery exhibition opens

Egyptian jewellery exhibition opens

four-day exhibitions showcasing exclusive collection of designers wear and sophisticated Egyptian jewellery opened here on Friday at a local hotel. 'Alpherg Couture Designers Collections' featured a variety of exclusive jewellery and fabric collection inc
Published 20 Sep, 2008 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Friday (September 19, 2008).

Published 20 Sep, 2008 12:00am
Top expert urges US to ease tariff policies to bolster Pakistani exports

Top expert urges US to ease tariff policies to bolster Pakistani exports

Arguing that the most vital step the Unites States can take to help Pakistan succeed is to create economic opportunities for its people, a top American expert has urged Washington to ease its tariff policies toward Pakistani products as a way to bolster t
Published 20 Sep, 2008 12:00am
Dry weather likely

Dry weather likely

The Met office has forecast dry weather in most parts of country during next 24 hours. According to meteorological department, rain is expected in some parts of upper Punjab, Kashmir and its adjoining areas, a private television channel reported.
Published 20 Sep, 2008 12:00am
AJK president lauds Pakistan army

AJK president lauds Pakistan army

The President of Azad Jammu and Kashmir, Raja Zulqarnian Khan has lauded the role of Pakistan Army after the October 8 earthquake termed it unprecedented. Talking at a farewell Iftar dinner hosted by him in honour of General Officer Commanding (GOC) Murre
Published 20 Sep, 2008 12:00am
Gilani, Kyani meet Zardari

Gilani, Kyani meet Zardari

Prime Minister Syed Yousuf Raza Gilani called on President Asif Ali Zardari here at Aiwan-e-Sadr on Friday. Chief of the Army Staff, General Ashfaq Parvez Kayani was also present in the meeting. During the meeting, overall situation in the country came un
Published 20 Sep, 2008 12:00am
Gilani, Kyani meet Zardari

Gilani, Kyani meet Zardari

Prime Minister Syed Yousuf Raza Gilani called on President Asif Ali Zardari here at Aiwan-e-Sadr on Friday. Chief of the Army Staff, General Ashfaq Parvez Kayani was also present in the meeting. During the meeting, overall situation in the country came un
Published 20 Sep, 2008 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 20 Sep, 2008 12:00am
US military in close contact with new leadership: Gates

US military in close contact with new leadership: Gates

US defence secretary Robert Gates has said American military chiefs were in close contact with the new Pakistani leadership and the "most productive path" in dealing with al Qaeda, Taliban and other insurgents was in co-operation with that country, says a
Published 20 Sep, 2008 12:00am
Board meetings in progress

Board meetings in progress

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

Published 20 Sep, 2008 12:00am
Government committed to press freedom: Marri

Government committed to press freedom: Marri

Sindh Information Minister Shazia Marri on Thursday reiterated the Pakistan People's Party (PPP) led government's commitment to the freedom of press. "The government has a complete faith in freedom of media and would take concrete measures for the welfare
Published 20 Sep, 2008 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 20 Sep, 2008 12:00am
Khuhro sworn in as acting Governor Sindh

Khuhro sworn in as acting Governor Sindh

Sindh Assembly Speaker Dr Nisar Ahmed Khuro took oath as acting Sindh Governor on Friday, as Dr Ishratul Ibad Khan left the country for abroad on an unofficial visit. Chief Justice of Sindh High Court Anwar Zaheer Jamali administered oath to Khuhro in a s
Published 20 Sep, 2008 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 20 Sep, 2008 12:00am
329 shopkeepers challaned

329 shopkeepers challaned

Special magistrates in Lahore deputed to control prices during last three days have challaned 329 shopkeepers for hoarding and selling flour at higher rates. According to a report submitted to DCO Sajjad Ahmad Bhutta on Friday 88 FIRs have been made again
Published 20 Sep, 2008 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Friday (September 19, 2008).

Published 20 Sep, 2008 12:00am
Shahbaz to announce Rs one billion EEF for deserving students

Shahbaz to announce Rs one billion EEF for deserving students

Punjab Minister for Auqaf and Religious Affairs, Haji Ehsanuddin Qureshi has said on Friday that the Chief Minister, Shahbaz Sharif is going to announce Rs 1 billion Education Endowment Fund (EEF) to bear the educational expenses of needy and deserving st
Published 20 Sep, 2008 12:00am
Steps being taken to reform social sectors: minister

Steps being taken to reform social sectors: minister

Punjab Minister for Population Welfare, Neelam Jabbar Chaudhry has said that reformatory initiatives are being introduced in education, health and other social sectors that would provide relief to the masses and improve their living standard.
Published 20 Sep, 2008 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 20 Sep, 2008 12:00am
LHC directs DPO Gujrat to appear on September 22

LHC directs DPO Gujrat to appear on September 22

The Lahore High Court (LHC) has directed District Police Officers (DPOs) of Gujrat and Mandi Baha-ud-Din to appear before the court on September 22 in person in a petition of Chaudhry Zaheer-ud-Din, opposition leader in Punjab Assembly.
Published 20 Sep, 2008 12:00am
LHC directs Sumaira Malik to appear on September 26

LHC directs Sumaira Malik to appear on September 26

The Lahore High Court (LHC) responding to a petition challenging the election of Member National Assembly of Pakistan Muslim League-Q, Sumaira Malik from NA-69, has directed the MNA to appear before the court on September 26.
Published 20 Sep, 2008 12:00am
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