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Print - 2004-12-10
Bus service talks failure dashes Kashmiris hopes

Bus service talks failure dashes Kashmiris hopes

Disappointment swept across Indian Kashmir on Thursday after India and Pakistan failed to agree on starting a bus service between the capitals of the divided Himalayan region, residents said. "These two countries are playing with our emotions, they are bo
Published 10 Dec, 2004 12:00am
Minister calls SWD officials seniority list

Minister calls SWD officials seniority list

Sindh Minister for Social Welfare and Culture Shabbir Ahmed Qaimkhani has sought a report about the seniority list of officers of Social Welfare Department (SWD) within two days. He issued the directive while speaking as chief guest at a reception hosted
Published 10 Dec, 2004 12:00am
850 constables to be recruited in Railways

850 constables to be recruited in Railways

Inspector General Police Railways Chaudhry Ahmed Naseem Gujjar on Thursday said 850 constables are being recruited in the railways police for the safe travel of passengers. Talking to newsmen at Police Line here, he said women commandos have also been dep
Published 10 Dec, 2004 12:00am
Curbing population growth: Pakistan signs declaration

Curbing population growth: Pakistan signs declaration

Pakistan on Thursday signed a declaration pledging work together with China and other regional countries to control population growth. Social Welfare Minister Chaudhry Shahbaz Hussain signed the declaration on behalf of his country at the World Family Sum
Published 10 Dec, 2004 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on Thursday (December 09, 2004).

Published 10 Dec, 2004 12:00am
Government urged to take steps for footwear export boost

Government urged to take steps for footwear export boost

Pakistan Footwear Manufacturers Association (PFMA) has asked the government to take necessary steps for increasing footwear export of Pakistan, which have registered decrease. In a press statement issued here on Thursday, a spokesman of PFMA said that inc
Published 10 Dec, 2004 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on Thursday (December 09, 2004).

Published 10 Dec, 2004 12:00am
Telemetry system to be installed on canals

Telemetry system to be installed on canals

The government has decided to install telemetry system on one canal in every province as a pilot project to monitor losses at different points. "Now we are moving to launching a pilot project according to which telemetry system will be installed on one ca
Published 10 Dec, 2004 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on Thursday (December 09, 2004).

Published 10 Dec, 2004 12:00am
Doctors urged to discharge duties with dedication

Doctors urged to discharge duties with dedication

The Provincial Minister for Transport, Labour, Industries and Commerce and Sindh Employees' Social Security Institution (SESSI) Governing Body Chairman Muhammad Adil Siddiqui has urged the doctors to discharge their duties with dedication and devotion. Sp
Published 10 Dec, 2004 12:00am
Broadband policy non-existent: Rs 13 billion lost annually

Broadband policy non-existent: Rs 13 billion lost annually

Pakistan has been suffering a loss of about Rs 13 billion annually for non-existence of broadband policy. Internet Service Providers of Pakistan (ISPAK) President Ansar-ul-Haq told Business Recorder here on Thursday that for the last eight months,
Published 10 Dec, 2004 12:00am
SECP intensifies surveillance to curb 'market abuse'

SECP intensifies surveillance to curb 'market abuse'

The Securities and Exchange Commission of Pakistan (SECP) has intensified its market surveillance and monitoring in order to curb "market abuse". SECP Chairman Dr Tariq Hassan stated this here on Thursday, while talking to reporters on the occasion of lau
Published 10 Dec, 2004 12:00am
Rs 2.6 million grant for Bar bodies

Rs 2.6 million grant for Bar bodies

Punjab Government has issued Rs2.6 million grant for provision of law books to 11 district and Tehsil Bar Associations (TBAs) in the province. The meeting was attended by representatives of District Bar Associations of Gujranwala, Lahore, Hafizabad, Layya
Published 10 Dec, 2004 12:00am
Worldcall welcomes PTA determination on PTCL's RIO

Worldcall welcomes PTA determination on PTCL's RIO

Worldcall Telecom Limited has welcomed the determination shown by Pakistan Telecommunication Authority (PTA) on Reference Interconnect Offer (RIO), which defines the operating and financial parameters for interconnect between PTCL and new licensees under
Published 10 Dec, 2004 12:00am
Preparations in full swing for APNS event

Preparations in full swing for APNS event

The preparations for the 17th APNS Award Ceremony to be held on December 13, 2004 at Islamabad are in full swing and all is set for a befitting function to be addressed by Prime Minister Shaukat Aziz who will also distribute awards among the winners in jo
Published 10 Dec, 2004 12:00am
Amir Khan due today

Amir Khan due today

Renowned Bollywood star, Aamir Khan is arriving here on Friday, December 10, to participate in fund raising function of Shaukat Khanum Memorial Cancer Hospital and Research Centre. Aamir will also address a press conference on his arrival in the provincia
Published 10 Dec, 2004 12:00am
Yasin Lakhani tipped as KSE chairman for 2005

Yasin Lakhani tipped as KSE chairman for 2005

Mohammad Yasin Lakhani has been tipped for the new chairman of the Karachi Stock Exchange (KSE) for 2005. According to a notice issued for all members of the KSE, three candidates withdrew their nomination papers for 2005, which resulted in unopposed elec
Published 10 Dec, 2004 12:00am
Post-quota regime: labour cost not to make products uncompetitive: OECD

Post-quota regime: labour cost not to make products uncompetitive: OECD

Labour costs will not make products uncompetitive in the post-quota world as feared by the Pakistani textile exporters, but instead quick turnaround would play a major role in winning customers. This has been revealed in a voluminous report from the Organ
Published 10 Dec, 2004 12:00am
KICT waives delivery charges during night

KICT waives delivery charges during night

The Karachi International Container Terminal (KICT) has waived charges for delivery of containers at night, but it would continue to charge the same during the day. The information was given to Karachi Customs Agents Group (KCAG) during a meeting held to
Published 10 Dec, 2004 12:00am
Opposition grills treasury over NAB recoveries

Opposition grills treasury over NAB recoveries

The opposition grilled the treasury in Senate here on Thursday on Minister Incharge of Prime Minister Secretariat Sher Afghan's reply stating that an amount of Rs 456.728 million was recovered from military officials while Rs 431.812 million from the poli
Published 10 Dec, 2004 12:00am
Two policemen killed and 5 hurt in Indian occupied Kashmir

Two policemen killed and 5 hurt in Indian occupied Kashmir

At least two policemen were killed and five wounded in a attack on their camp in occupied Kashmir on Thursday, police said. Two of the wounded were in critical condition, police said. The attack coincided with a visit to India by US Defence Secretary Dona
Published 10 Dec, 2004 12:00am
Senate passes Anti-Terrorism (Second Amendment) Bill

Senate passes Anti-Terrorism (Second Amendment) Bill

The Senate on Thursday passed a bill aimed at enhancing punishments for an act of terrorism, as the House rejected a number of amendments proposed by the opposition in some of its clauses. The Anti-Terrorism (Second Amendment) Bill 2004 aimed at bringing,
Published 10 Dec, 2004 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Thursday (December 09, 2004).

Published 10 Dec, 2004 12:00am
Senate passes Anti-Terrorism (Second Amendment) Bill

Senate passes Anti-Terrorism (Second Amendment) Bill

The Senate on Thursday passed a bill aimed at enhancing punishments for an act of terrorism, as the House rejected a number of amendments proposed by the opposition in some of its clauses. The Anti-Terrorism (Second Amendment) Bill 2004 aimed at bringing,
Published 10 Dec, 2004 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Thursday (December 09, 2004).

Published 10 Dec, 2004 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

The Senate proceedings on Thursday evening were generally docile and there was only one walkout and that too a token one. As soon as the question hour was over opposition's Liaquat Ali Bangalzai rose on a point of order to say that the host of Maulana Faz
Published 10 Dec, 2004 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Thursday (December 09, 2004).

Published 10 Dec, 2004 12:00am
Importance of adherence to traffic rules stressed

Importance of adherence to traffic rules stressed

Road accidents are a huge cause of human trauma making road safety a matter of concern for everybody including civil engineers, traffic police and the general public. This was stated by Minister of State for Communication, Engineer Muhammad Shahid Jamil Q
Published 10 Dec, 2004 12:00am
Machinery imports up by 41.43 percent

Machinery imports up by 41.43 percent

Machinery imports in 2003-04 so far have increased to Rs 243.143 billion against Rs 171.901 billion in last year, registering a 41.43 percent growth, sources told Business Recorder here on Wednesday. Among overall machinery imports, aircraft, ships
Published 10 Dec, 2004 12:00am
LHC dismisses petition

LHC dismisses petition

Lahore High Court (LHC) dismissed a petition filed by a member of the Lahore High Court Bar Association (LHCBA) praying to the court to exclude poppy from the definition of intoxicant and also allow use of poppy for medicinal purpose. The petitioner also
Published 10 Dec, 2004 12:00am
Government working to safeguard basic human rights: Ijaz

Government working to safeguard basic human rights: Ijaz

Federal Minister for Religious Affairs, Ijaz-ul-Haq has said that Islam not only recognises the principle of absolute equality between men and women irrespective of colour, race or nationality, it also forbade the primitive practice of slavery. While addr
Published 10 Dec, 2004 12:00am
NTC determines anti-dumping duty on acrylic tow

NTC determines anti-dumping duty on acrylic tow

The National Tariff Commission (NTC) has finally determined anti-dumping duty on acrylic tow imported from Uzbekistan at the rate of 12.71 percent of C&F price. The duty was imposed provisionally for four months on August 12 following a preliminary invest
Published 10 Dec, 2004 12:00am
PTDC motels suffer Rs 7,689,762 loss during 2003-04

PTDC motels suffer Rs 7,689,762 loss during 2003-04

As many as 20 Pakistan Tourism Development Corporation (PTDC) motels out of 36 have registered a loss of Rs 7,689,762, during the season. Well informed sources in the PTDC told Business Recorder here on Thursday that the season has not been as bene
Published 10 Dec, 2004 12:00am
Sindh to procure wheat seed from Punjab: minister

Sindh to procure wheat seed from Punjab: minister

Sindh will procure wheat-seed from Punjab to stabilise its price in Sindh and facilitate farmers, who have prepared their lands for sowing the late variety. The Sindh food and agriculture minister on Wednesday after taking notice of reports of black-marke
Published 10 Dec, 2004 12:00am
'200 troops, 350 militants killed since March in tribal area'

'200 troops, 350 militants killed since March in tribal area'

Sustained army operations in a tribal region near the Afghan border have put al Qaeda-linked militants on the run and crippled their ability to strike, a Major General Niaz Khattak said on Thursday. "They are trying to get out (of the region) and unable t
Published 10 Dec, 2004 12:00am
Smoking among teenagers alarmingly on rise

Smoking among teenagers alarmingly on rise

Despite ban on sale of cigarette to boys below the age of 18 years and lack of strict regulatory measures, the trend of smoking among teenagers is on rise to an alarming proportion, exposing them to fatal respiratory and heart ailments. A survey conducted
Published 10 Dec, 2004 12:00am
Enhancing conventional arms capability vital: Prime Minister

Enhancing conventional arms capability vital: Prime Minister

Prime Minister Shaukat Aziz on Thursday said co-operation between Pakistan and United States in enhancing the country's conventional arms capability was vital for ensuring peace in region. Pakistan wanted peace and it was essential to have credible defenc
Published 10 Dec, 2004 12:00am
SBP raises Rs 27.45 billion in open market operation

SBP raises Rs 27.45 billion in open market operation

The State Bank of Pakistan (SBP) on Thursday lifted the surplus liquidity from the money market through open market operation (OMO), but the rates remained under pressure. The SBP had scrapped all bids for 6-month treasury bills (TBs) a day earlier, as th
Published 10 Dec, 2004 12:00am
SBP raises Rs 27.45 billion in open market operation

SBP raises Rs 27.45 billion in open market operation

The State Bank of Pakistan (SBP) on Thursday lifted the surplus liquidity from the money market through open market operation (OMO), but the rates remained under pressure. The SBP had scrapped all bids for 6-month treasury bills (TBs) a day earlier, as th
Published 10 Dec, 2004 12:00am
Textile exports to be doubled: minister

Textile exports to be doubled: minister

Federal Textile Minister Mushtaq Ahmad Cheema has said that textile exports would be doubled in the next four years from the current $7 billion. The government would increase textile share up to the maximum in overall export target of $20 billion, he said
Published 10 Dec, 2004 12:00am
Textile exports to be doubled: minister

Textile exports to be doubled: minister

Federal Textile Minister Mushtaq Ahmad Cheema has said that textile exports would be doubled in the next four years from the current $7 billion. The government would increase textile share up to the maximum in overall export target of $20 billion, he said
Published 10 Dec, 2004 12:00am
Oil spill in South China biggest in five years

Oil spill in South China biggest in five years

A collision between two container ships near the mouth of South China's Pearl River has caused the region's biggest oil spill in five years, officials said on Thursday. "It is the biggest oil spill in five years in terms of quantity of oil that has leaked
Published 10 Dec, 2004 12:00am
Oil spill in South China biggest in five years

Oil spill in South China biggest in five years

A collision between two container ships near the mouth of South China's Pearl River has caused the region's biggest oil spill in five years, officials said on Thursday. "It is the biggest oil spill in five years in terms of quantity of oil that has leaked
Published 10 Dec, 2004 12:00am
India says troop redeployment discussed with Pakistan

India says troop redeployment discussed with Pakistan

Pakistan and India have discussed modalities for disengagement and redeployment of troops in Siachen at defence secretaries-level talks held here, Lok Sabha was informed on Thursday. In response to a question, Indian Defence Minister Pranab Mukherjee told
Published 10 Dec, 2004 12:00am
India says troop redeployment discussed with Pakistan

India says troop redeployment discussed with Pakistan

Pakistan and India have discussed modalities for disengagement and redeployment of troops in Siachen at defence secretaries-level talks held here, Lok Sabha was informed on Thursday. In response to a question, Indian Defence Minister Pranab Mukherjee told
Published 10 Dec, 2004 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (December 09, 2004).

Published 10 Dec, 2004 12:00am
Climate aid for poor states

Climate aid for poor states

Opec nations and Saudi Arabia in particular are standing in the way of getting financial help to developing countries to cope with global warming, the World Wide Fund for Nature (WWF) said on Thursday. WWF, a leading environmental group, said that Opec wa
Published 10 Dec, 2004 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (December 09, 2004).
Published 10 Dec, 2004 12:00am
Climate aid for poor states

Climate aid for poor states

Opec nations and Saudi Arabia in particular are standing in the way of getting financial help to developing countries to cope with global warming, the World Wide Fund for Nature (WWF) said on Thursday. WWF, a leading environmental group, said that Opec wa
Published 10 Dec, 2004 12:00am
MFN status and transit to Kabul part of talks: Manmohan

MFN status and transit to Kabul part of talks: Manmohan

India is in touch with Pakistan on the issue of opening road route for trans-shipment of goods to Afghanistan, Prime Minister Manmohan Singh said on Thursday. Nothing has been finalised as yet but the issue of a normal transit route through Pakistan as pa
Published 10 Dec, 2004 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Thursday (December 09, 2004).

Published 10 Dec, 2004 12:00am
MFN status and transit to Kabul part of talks: Manmohan

MFN status and transit to Kabul part of talks: Manmohan

India is in touch with Pakistan on the issue of opening road route for trans-shipment of goods to Afghanistan, Prime Minister Manmohan Singh said on Thursday. Nothing has been finalised as yet but the issue of a normal transit route through Pakistan as pa
Published 10 Dec, 2004 12:00am
Saindak project output to be enhanced by 30 percent

Saindak project output to be enhanced by 30 percent

The Economic Co-ordination Committee (ECC) of the Cabinet on Thursday decided to enhance the production of Saindak copper and gold project in Balochistan by 30 percent through an additional investment of $22 million. The Chinese company, which resuscitate
Published 10 Dec, 2004 12:00am
Saindak project output to be enhanced by 30 percent

Saindak project output to be enhanced by 30 percent

The Economic Co-ordination Committee (ECC) of the Cabinet on Thursday decided to enhance the production of Saindak copper and gold project in Balochistan by 30 percent through an additional investment of $22 million. The Chinese company, which resuscitate
Published 10 Dec, 2004 12:00am
Al Qaeda may attempt major marine attack

Al Qaeda may attempt major marine attack

Al Qaeda will attempt an attack on a key maritime target in the next 12 months with potentially devastating economic consequences, UK security experts said on Friday. "The maritime sector remains extremely vulnerable to terrorism and we expect an attempte
Published 10 Dec, 2004 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Thursday (December 09, 2004).

Published 10 Dec, 2004 12:00am
Qasim International Container Terminal clarification

Qasim International Container Terminal clarification

The Qasim International Container Terminal (QICT) has clarified a news item published in Business Recorder on December 7 under the caption "Container shutout at QICT causes colossal loss to exporters". A QICT statement issued here on Thursday said:
Published 10 Dec, 2004 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Thursday (December 09, 2004).

Published 10 Dec, 2004 12:00am
Qasim International Container Terminal clarification

Qasim International Container Terminal clarification

The Qasim International Container Terminal (QICT) has clarified a news item published in Business Recorder on December 7 under the caption "Container shutout at QICT causes colossal loss to exporters". A QICT statement issued here on Thursday said:
Published 10 Dec, 2004 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Thursday (December 09, 2004).

Published 10 Dec, 2004 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm
Published 10 Dec, 2004 12:00am
TCP procures 1.785 million cotton bales

TCP procures 1.785 million cotton bales

The Trading Corporation of Pakistan (TCP) has so far contracted for more than 1.785 million cotton bales from ginneries in Sindh and Punjab. According to TCP here on Thursday that about 1.26 million cotton bales had been procured by the corporation from P
Published 10 Dec, 2004 12:00am