Print - 2004-03-01
Majlis-i-Amal opposes privatisation of PTCL

Majlis-i-Amal opposes privatisation of PTCL

Muttahida Majlis-i-Amal (MMA) has opposed the privatisation of Pakistan Telecommunication Company Limited (PTCL) and said that it would render no less than forty thousand skilled workers jobless.
Published 01 Mar, 2004 12:00am
Prices move both ways on cotton market

Prices move both ways on cotton market

Slight swing in cotton trading was seen towards the end of the week ended on February 28, 2004, on worries that abrupt rise in cotton futures in New York would push local lint prices also.
Published 01 Mar, 2004 12:00am
Synthetic colours in food items termed health risk

Synthetic colours in food items termed health risk

Food technologist and medical expert have expressed their growing concern regarding unchecked adulteration and growing use of synthetic colour dyes, unsafe for human consumption in food items available in the market.
Published 01 Mar, 2004 12:00am
Security for Ashura reviewed

Security for Ashura reviewed

Corps Commander Lieutenant General Muhammad Akram on Sunday visited the Leiah and Muzaffargarh district to review the security arrangements for Ashura-i-Muharram. While a joint flag March was organised in Muzaffargarh by the Police and Army.
Published 01 Mar, 2004 12:00am
Majlis-i-Amal reacts to Wana operation

Majlis-i-Amal reacts to Wana operation

Muttahida Majlis-i-Amal (MMA) has said that General Pervez Musharraf is serving as chief Polling Agent of US President George W Bush and operation in Wana was a part of this game because arrest of Osama bin Laden was the only key of victory for the Bush i
Published 01 Mar, 2004 12:00am
Aurat Foundation to guide women contenders

Aurat Foundation to guide women contenders

Aurat Foundation Karachi Office in a meeting here on Sunday morning decided to hold camps at Karachi City Court and Malir Court premises for the assistance of women contenders for local government bye-elections scheduled for March 28.
Published 01 Mar, 2004 12:00am
Jamaat-i-Islami council meets on March 4

Jamaat-i-Islami council meets on March 4

The members of the Central Executive Council of the Jamaat-i-Islami, Pakistan are assembling here on March 4 at Mansoora to discuss the political situation prevailing in the country.
Published 01 Mar, 2004 12:00am
Musharraf orders inquiry into Wana incident

Musharraf orders inquiry into Wana incident

President General Pervez Musharraf has directed the concerned authorities to conduct an immediate inquiry and ascertain details of the sequence of events that led to the death of 11 persons and injuries to six others in Wana on Saturday.
Published 01 Mar, 2004 12:00am
Government determined to promote religious harmony: minister

Government determined to promote religious harmony: minister

The Punjab Communication & Works Minister Chaudhry Muhammad Zaheer ud Din Khan has said President General Pervez Musharraf was determined to promote religious harmony and tolerance besides highlighting the true picture of religion Islam on international l
Published 01 Mar, 2004 12:00am
13 prisoners released

13 prisoners released

Thirteen prisoners involved in petty cases were released from the Central Jail on the order of the district sessions judge here on Saturday.
Published 01 Mar, 2004 12:00am
Steps under way to promote tourism: minister

Steps under way to promote tourism: minister

The Minister of State for Sports, Culture, Tourism, Minorities and Youth Affairs, Rais Munir Ahmed, on Sunday said the government has explored the potential of tourism in southern parts of the country like deserts of Sindh and Balochistan which are great
Published 01 Mar, 2004 12:00am
Police put on high alert in Sindh

Police put on high alert in Sindh

Sindh Chief Minister Sardar Ali Mohammad Khan Mahar has directed Sindh IGP Syed Kamal Shah to put police on high alert across the province following the suicidal attack at an Imambargah in Rawalpindi.
Published 01 Mar, 2004 12:00am
Security tightened in Islamabad

Security tightened in Islamabad

Islamabad Capital Territory (ICT) administration and Islamabad police on Sunday jointly held a meeting to review security arrangements during Muharram.
Published 01 Mar, 2004 12:00am
Ulema's role for harmony lauded

Ulema's role for harmony lauded

District Nazim Mian Amir has lauded the co-operation of Ulema and elected representatives for maintaining peace and religious harmony during the past two years and expressed confidence that they would show the same gesture this year.
Published 01 Mar, 2004 12:00am
Red alert at airport

Red alert at airport

Special security measures that includes enforcement of red alert, cancellation of protocol and temporary passes have been undertaken at Allama Iqbal International Airport Lahore.
Published 01 Mar, 2004 12:00am
Islamabad slams Israel-India radar deal

Islamabad slams Israel-India radar deal

Pakistan on Sunday criticised Israel's decision to approve the sale of three Phalcon airborne early warning radar systems to India, saying it would accentuate the strategic imbalance in South Asia.
Published 01 Mar, 2004 12:00am
KPC premises ransacked

KPC premises ransacked

Activists of a religious organisation ransacked the Karachi Press Club premises here on Sunday.
Published 01 Mar, 2004 12:00am
Vice Admiral Chaudhry laid to rest

Vice Admiral Chaudhry laid to rest

Vice Admiral H.M.S Chaudhry (Retd), the first commander-in-chief of Pakistan Navy, who died on Friday evening was laid to rest with full military honour at the army graveyard here on Sunday.
Published 01 Mar, 2004 12:00am
National Assembly summoned on March 6

National Assembly summoned on March 6

President General Pervez Musharraf has summoned the session of National Assembly to meet on March 6 at 5 pm at the Parliament House here.
Published 01 Mar, 2004 12:00am
Attock Cement earns 86.5 percent more profit

Attock Cement earns 86.5 percent more profit

Attock Cement Pakistan Limited at the 53rd meeting of the Board of Directors on February 25, 2004 has declared that profit in the six months ended on December 31, 2003 increased by 86.5 percent due to higher sales in the core market of Karachi.
Published 01 Mar, 2004 12:00am
Attock Cement earns 86.5 percent more profit

Attock Cement earns 86.5 percent more profit

Attock Cement Pakistan Limited at the 53rd meeting of the Board of Directors on February 25, 2004 has declared that profit in the six months ended on December 31, 2003 increased by 86.5 percent due to higher sales in the core market of Karachi.
Published 01 Mar, 2004 12:00am
Missiles fired at military check-post

Missiles fired at military check-post

Two missiles were fired on Sunday at a military check-post in a remote tribal region in Pakistan where forces are hunting Osama bin Laden, but caused no casualties, officials said.
Published 01 Mar, 2004 12:00am
ARD meeting

ARD meeting

The Alliance for Restoration of Democracy (ARD) will hold a meeting of its heads in Lahore on March10, 2004. Makhdoom Ameen Fahim head of the Alliance will chair the meeting.
Published 01 Mar, 2004 12:00am
Martyrs of Karbala remembered

Martyrs of Karbala remembered

Several hundred Majalis were held in the day and till late in the night at different Imambargahs and homes in Karachi city to pay tributes to the Martyrs of Karbala.
Published 01 Mar, 2004 12:00am
Milk retail price raised to Rs 25 per litre

Milk retail price raised to Rs 25 per litre

The retail price of dairy milk have been increased to Rs 25 per litre with effect from March 1, 2004, a spokesman of Dairy Farmers Association of Karachi announced here on Sunday.
Published 01 Mar, 2004 12:00am
Milk retail price raised to Rs 25 per litre

Milk retail price raised to Rs 25 per litre

The retail price of dairy milk have been increased to Rs 25 per litre with effect from March 1, 2004, a spokesman of Dairy Farmers Association of Karachi announced here on Sunday.
Published 01 Mar, 2004 12:00am
Jack Straw arriving on March 3

Jack Straw arriving on March 3

British Secretary of State for Foreign and Commonwealth Affairs, Jack Straw will be visiting Pakistan from 3-5 March 2004, to hold bilateral consultations with his counterpart Khurshid Mehmood Kasuri.
Published 01 Mar, 2004 12:00am
Jack Straw arriving on March 3

Jack Straw arriving on March 3

British Secretary of State for Foreign and Commonwealth Affairs, Jack Straw will be visiting Pakistan from 3-5 March 2004, to hold bilateral consultations with his counterpart Khurshid Mehmood Kasuri.
Published 01 Mar, 2004 12:00am
Date for filing nominations extended

Date for filing nominations extended

The Election Commission of Pakistan on Sunday extended the last date to file nomination papers for the by- election to vacant seats of Union Nazims and Naib Nazims in Punjab, Sindh, NWFP and Balochistan.
Published 01 Mar, 2004 12:00am
Date for filing nominations extended

Date for filing nominations extended

The Election Commission of Pakistan on Sunday extended the last date to file nomination papers for the by- election to vacant seats of Union Nazims and Naib Nazims in Punjab, Sindh, NWFP and Balochistan.
Published 01 Mar, 2004 12:00am
CIB eyes SMEs, seeks more credit data

CIB eyes SMEs, seeks more credit data

Egypt's Commercial International Bank (CIB) said on Sunday it would launch financing for small and medium-sized enterprises (SMEs) by the end of the year but said Egypt needed better credit data for it to rapidly expand the business.
Published 01 Mar, 2004 12:00am
Hafeez to head SSC meeting on WTO challenges

Hafeez to head SSC meeting on WTO challenges

Federal Minister for Privatisation and Investment, Dr Abdul Hafeez Shaikh will chair a meeting of the Senate's Special Committee on 'Challenges of WTO' on March 6.
Published 01 Mar, 2004 12:00am
Hafeez to head SSC meeting on WTO challenges

Hafeez to head SSC meeting on WTO challenges

Federal Minister for Privatisation and Investment, Dr Abdul Hafeez Shaikh will chair a meeting of the Senate's Special Committee on 'Challenges of WTO' on March 6.
Published 01 Mar, 2004 12:00am
Groundbreaking of Thar coal project by January 2005

Groundbreaking of Thar coal project by January 2005

A delegation of Shenhua Group Corporation of China that is on a visit to Pakistan has indicated that the ground breaking ceremony of Thar coal power project would be held by early January 2005.
Published 01 Mar, 2004 12:00am
Groundbreaking of Thar coal project by January 2005

Groundbreaking of Thar coal project by January 2005

A delegation of Shenhua Group Corporation of China that is on a visit to Pakistan has indicated that the ground breaking ceremony of Thar coal power project would be held by early January 2005.
Published 01 Mar, 2004 12:00am
Iraqi firm to run oil sector by July: US official

Iraqi firm to run oil sector by July: US official

Washington is advising Iraq on establishing a state company to take over management of the oil sector by July as US-led occupation forces hand power to new Iraqi government, a US official said on Sunday.
Published 01 Mar, 2004 12:00am
Iraqi firm to run oil sector by July: US official

Iraqi firm to run oil sector by July: US official

Washington is advising Iraq on establishing a state company to take over management of the oil sector by July as US-led occupation forces hand power to new Iraqi government, a US official said on Sunday.
Published 01 Mar, 2004 12:00am
Bus rams checkpoint in Iraq

Bus rams checkpoint in Iraq

A bus rammed a checkpoint in southern Iraq on Sunday, wounding several people, including one Polish soldier as well as Iraqi troops and police, army officials said.
Published 01 Mar, 2004 12:00am
Bus rams checkpoint in Iraq

Bus rams checkpoint in Iraq

A bus rammed a checkpoint in southern Iraq on Sunday, wounding several people, including one Polish soldier as well as Iraqi troops and police, army officials said.
Published 01 Mar, 2004 12:00am
Anti-narcotics team visits Mazar-i-Sharif

Anti-narcotics team visits Mazar-i-Sharif

A governmental anti-narcotics delegation visited northern Afghanistan on Sunday to meet with local leaders and to stress that the production of narcotics in the area must be stopped.
Published 01 Mar, 2004 12:00am
Anti-narcotics team visits Mazar-i-Sharif

Anti-narcotics team visits Mazar-i-Sharif

A governmental anti-narcotics delegation visited northern Afghanistan on Sunday to meet with local leaders and to stress that the production of narcotics in the area must be stopped.
Published 01 Mar, 2004 12:00am
KSE-listed refineries improve earnings

KSE-listed refineries improve earnings

The three listed refineries at the Karachi Stock Exchange (KSE) during the second quarter posted significant improvement in net income because of the increase in fuel prices and higher sales of white oil products.
Published 01 Mar, 2004 12:00am
KSE-listed refineries improve earnings

KSE-listed refineries improve earnings

The three listed refineries at the Karachi Stock Exchange (KSE) during the second quarter posted significant improvement in net income because of the increase in fuel prices and higher sales of white oil products.
Published 01 Mar, 2004 12:00am
Gulf allies back Qatar in row with Russia over Chechen murder

Gulf allies back Qatar in row with Russia over Chechen murder

Gulf Arab states expressed support Sunday for ally Qatar in its row with Russia over the arrest of two Russian security agents charged with assassinating a Chechen leader in the Gulf emirate that prompted Moscow to detain two Qataris.
Published 01 Mar, 2004 12:00am
Be aggressive against India: Imran

Be aggressive against India: Imran

Former Pakistan cricket team captain Imran Khan told players on Sunday to be aggressive and keep up the mental pressure in next month's historic series against India.
Published 01 Mar, 2004 12:00am
WHO urges more attention to bird flu's human threat

WHO urges more attention to bird flu's human threat

The UN applauded Sunday the latest commitments to contain the bird flu ravaging Asian poultry stocks, but said more was needed to safeguard human health as funding to fight the outbreaks fell short of expectations.
Published 01 Mar, 2004 12:00am
Blair under pressure to publish Iraq legal advice

Blair under pressure to publish Iraq legal advice

Two British newspapers reported on Sunday that the country's top lawyer was pressured to change his advice to Prime Minister Tony Blair on the legality of war in Iraq to say that an invasion would be legally justified.
Published 01 Mar, 2004 12:00am
Saddam wrote message to elder daughter: Red Cross

Saddam wrote message to elder daughter: Red Cross

The International Committee of the Red Cross (ICRC) is to deliver a message from ousted Iraqi president Saddam Hussein to his elder daughter Raghad who lives in Jordan, sources close to her told AFP on Sunday.
Published 01 Mar, 2004 12:00am
France pledges support for stability in Asia

France pledges support for stability in Asia

France has pledged support to Pakistan with a view to promoting stability in Asia, given the vital role envisaged for Islamabad in the struggle against terrorism and proliferation of weapons of mass destruction (WMD).
Published 01 Mar, 2004 12:00am
France pledges support for stability in Asia

France pledges support for stability in Asia

France has pledged support to Pakistan with a view to promoting stability in Asia, given the vital role envisaged for Islamabad in the struggle against terrorism and proliferation of weapons of mass destruction (WMD).
Published 01 Mar, 2004 12:00am
Saudi oil facility reduced to half

Saudi oil facility reduced to half

The Saudi oil facility has been cut to almost half from Rs 20.783 billion to Rs 11.749 billion for July-December 2003 as compared to the same period in 2002.
Published 01 Mar, 2004 12:00am
Saudi oil facility reduced to half

Saudi oil facility reduced to half

The Saudi oil facility has been cut to almost half from Rs 20.783 billion to Rs 11.749 billion for July-December 2003 as compared to the same period in 2002.
Published 01 Mar, 2004 12:00am
Prices of POL products raised

Prices of POL products raised

The Oil Companies Advisory Committee (OCAC) raised oil prices in the range of Re0.07 to Re0.33 per liter effective from Monday while high speed diesel (HSD) prices remained unchanged.
Published 01 Mar, 2004 12:00am
Prices of POL products raised

Prices of POL products raised

The Oil Companies Advisory Committee (OCAC) raised oil prices in the range of Re0.07 to Re0.33 per liter effective from Monday while high speed diesel (HSD) prices remained unchanged.
Published 01 Mar, 2004 12:00am
Carryover charges at 15-week low

Carryover charges at 15-week low

The weighted average carryover charges (CoCs) at Karachi Stock Exchange during the week plunged to a 15-week low, where the effective rate on an annualised basis dived to 6.71 percent.
Published 01 Mar, 2004 12:00am
Carryover charges at 15-week low

Carryover charges at 15-week low

The weighted average carryover charges (CoCs) at Karachi Stock Exchange during the week plunged to a 15-week low, where the effective rate on an annualised basis dived to 6.71 percent.
Published 01 Mar, 2004 12:00am
Corporate earnings avert larger declines on KSE

Corporate earnings avert larger declines on KSE

Healthy earning reports from some of the blue chips and investment stocks helped share market to recover most of the losses during the last week as sentiment slowly and steadily improving following active support from some of the leading financial institu
Published 01 Mar, 2004 12:00am
Corporate earnings avert larger declines on KSE

Corporate earnings avert larger declines on KSE

Healthy earning reports from some of the blue chips and investment stocks helped share market to recover most of the losses during the last week as sentiment slowly and steadily improving following active support from some of the leading financial institu
Published 01 Mar, 2004 12:00am
Proposal for Fata vehicles amnesty rejected

Proposal for Fata vehicles amnesty rejected

Hoping that imposition of customs duty on vehicles imported by Afghanistan will stop dumping and subsequent smuggling of cars into Pakistan, the Central Board of Revenue (CBR) has rejected outright a proposal of the Prime Minister Secretariat and the NWFP
Published 01 Mar, 2004 12:00am
Proposal for Fata vehicles amnesty rejected

Proposal for Fata vehicles amnesty rejected

Hoping that imposition of customs duty on vehicles imported by Afghanistan will stop dumping and subsequent smuggling of cars into Pakistan, the Central Board of Revenue (CBR) has rejected outright a proposal of the Prime Minister Secretariat and the NWFP
Published 01 Mar, 2004 12:00am
State assets sale fetches Rs 42 billion

State assets sale fetches Rs 42 billion

The Privatisation Commission broken all previous records and fetched Rs 42 billion through the sale of state-assets in the present government included strategic sale of Habib Bank Limited (HBL), and initial public offering of the National Bank of Pakistan
Published 01 Mar, 2004 12:00am
State assets sale fetches Rs 42 billion

State assets sale fetches Rs 42 billion

The Privatisation Commission broken all previous records and fetched Rs 42 billion through the sale of state-assets in the present government included strategic sale of Habib Bank Limited (HBL), and initial public offering of the National Bank of Pakistan
Published 01 Mar, 2004 12:00am
THE RUPEE: rates slip in money market

THE RUPEE: rates slip in money market

The rupee showed weakness versus the dollar in both the open and the inter-bank markets due to corporate demand for major payments.
Published 01 Mar, 2004 12:00am
THE RUPEE: rates slip in money market

THE RUPEE: rates slip in money market

The rupee showed weakness versus the dollar in both the open and the inter-bank markets due to corporate demand for major payments.
Published 01 Mar, 2004 12:00am
Tax administration reforms project to be launched

Tax administration reforms project to be launched

The government would launch "Pakistan Tax Administration Reforms Project" to implement tax policy and administration reforms, trade facilitation and market access with the financial assistance of IDA during next financial year 2004-05. This project will b
Published 01 Mar, 2004 12:00am
US to deploy troops in Pakistan in quid pro quo deal

US to deploy troops in Pakistan in quid pro quo deal

The United States has struck a deal with Pakistan to allow US troops to hunt for al Qaeda leader Osama bin Laden this spring in an area of Pakistan where he is believed to be operating, the New Yorker magazine reported on Sunday.
Published 01 Mar, 2004 12:00am
US to deploy troops in Pakistan in quid pro quo deal

US to deploy troops in Pakistan in quid pro quo deal

The United States has struck a deal with Pakistan to allow US troops to hunt for al Qaeda leader Osama bin Laden this spring in an area of Pakistan where he is believed to be operating, the New Yorker magazine reported on Sunday.
Published 01 Mar, 2004 12:00am
Aristide flees, Bush orders Marines to Haiti

Aristide flees, Bush orders Marines to Haiti

President Jean Bertrand Aristide fled Haiti on Sunday in the face of an armed revolt and world pressure as the United States ordered Marines to the Caribbean state to help restore order.
Published 01 Mar, 2004 12:00am
Aristide flees, Bush orders Marines to Haiti

Aristide flees, Bush orders Marines to Haiti

President Jean Bertrand Aristide fled Haiti on Sunday in the face of an armed revolt and world pressure as the United States ordered Marines to the Caribbean state to help restore order.
Published 01 Mar, 2004 12:00am
The Weather

The Weather

The weather report of Sunday (February 29) and the forecast for Monday (March 01, 2004).
Published 01 Mar, 2004 12:00am
Your rupee last Week

Your rupee last Week

Following currency fluctuations took place in foreign exchange rates during the last Week from (February 23 to 28, 2004).
Published 01 Mar, 2004 12:00am
Egypt interbank interest rate dips

Egypt interbank interest rate dips

The median overnight interbank rate on Egypt's pound fell to 6-1/4 percent on Sunday from seven percent on Thursday as banks demanded less funds towards the end of a two-week period for working out reserves, bankers said.
Published 01 Mar, 2004 12:00am
Indian shares seen underpinned before ONGC sale

Indian shares seen underpinned before ONGC sale

Indian share prices are expected to be underpinned this week by growing confidence the market can absorb a series of share sales by the government, but some caution remains ahead of the country's biggest ever offering.
Published 01 Mar, 2004 12:00am
Improved economic outlook seen boosting Tokyo stocks

Improved economic outlook seen boosting Tokyo stocks

Japanese stocks are expected to rise this week, with investors seeking retailers and other domestic-demand shares following increasing signs that an economic upturn is finally filtering down to the domestic sector.
Published 01 Mar, 2004 12:00am
Asian currencies fall against US dollar

Asian currencies fall against US dollar

Most regional currencies fell against the US dollar over the week, particularly the Japanese yen. The Australian dollar continued its retreat after recently touching seven-year highs.
Published 01 Mar, 2004 12:00am
BoE meeting eyed, back-to-back hike unlikely

BoE meeting eyed, back-to-back hike unlikely

The Bank of England's policy meeting will hog the limelight in the gilt market this week as evidence mounts that more tightening might be needed in the coming months to cool down the steamy economy.
Published 01 Mar, 2004 12:00am
BoE meeting eyed, back-to-back hike unlikely

BoE meeting eyed, back-to-back hike unlikely

The Bank of England's policy meeting will hog the limelight in the gilt market this week as evidence mounts that more tightening might be needed in the coming months to cool down the steamy economy.
Published 01 Mar, 2004 12:00am
Eurostocks week ahead: HSBC and euro in focus

Eurostocks week ahead: HSBC and euro in focus

HSBC, the world's second-biggest bank by market value, grabs the spotlight at the tail-end of the European earnings season this week, with the euro and interest rates also in focus.
Published 01 Mar, 2004 12:00am
Taiwan shares seen rising to new 41-month high

Taiwan shares seen rising to new 41-month high

Taiwan stocks are set to climb to a new 41 month high this week, led by technology, banks and cyclicals as improving corporate earnings outlook and pre-election optimism outweigh recent weakness on Wall Street.
Published 01 Mar, 2004 12:00am
UK stocks to push to 19-month highs this week

UK stocks to push to 19-month highs this week

Britain's blue chip index will be looking to push to 19-month highs this week, powered by results from the UK's biggest banker HSBC, among a slew of others.
Published 01 Mar, 2004 12:00am
Hong Kong government to announce bond issue

Hong Kong government to announce bond issue

Hong Kong's finance minister is expected to announce an issue of government bonds in his budget on March 10 to plug a mounting shortfall, a local newspaper said on Sunday.
Published 01 Mar, 2004 12:00am
Hong Kong government to announce bond issue

Hong Kong government to announce bond issue

Hong Kong's finance minister is expected to announce an issue of government bonds in his budget on March 10 to plug a mounting shortfall, a local newspaper said on Sunday.
Published 01 Mar, 2004 12:00am