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Print - 2005-04-04
Fear of snap election as Sri Lankan president at odds with allies

Fear of snap election as Sri Lankan president at odds with allies

Sri Lankan President Chandrika Kumaratunga could call a snap election before the end of 2005 because of friction with her Marxist allies over economic reforms and peace talks with Tamil rebels, analysts said Sunday. Under the island's constitution, Kumara
Published 04 Apr, 2005 12:00am
Blair postpones election date announcement

Blair postpones election date announcement

British Prime Minister Tony Blair put off Monday's expected announcement of a May 5 general election out of respect for Pope John Paul II, who died on Saturday aged 84. Blair will attend a service for the Pope at Westminster Cathedral on Monday, his offic
Published 04 Apr, 2005 12:00am
All Syrian forces to leave Lebanon by April 30

All Syrian forces to leave Lebanon by April 30

Syria has promised to withdraw all its forces from Lebanon by April 30 and will let a United Nations team verify the pullout, a UN envoy said on Sunday. Damascus ordered the withdrawal, demanded by a Security Council resolution seven months ago, after com
Published 04 Apr, 2005 12:00am
Saudi policeman killed in clash

Saudi policeman killed in clash

A Saudi security officer was killed and at least 20 others wounded on Sunday in a fierce gunbattle with gunmen holed up in a house in northern Saudi Arabia, security and medical sources said. They told Reuters security forces were preparing to storm the t
Published 04 Apr, 2005 12:00am
Nine dead in Australian navy aid helicopter crash

Nine dead in Australian navy aid helicopter crash

Nine Australian military personnel died when their helicopter crashed during an aid mission to the earthquake-hit Indonesian island of Nias. Prime Minister John Howard said Australia's worst post-Vietnam War operational loss of military personnel was trag
Published 04 Apr, 2005 12:00am
Maoist strike cripples life in rural Nepal

Maoist strike cripples life in rural Nepal

A strike called by Maoist rebels brought business in most parts of Nepal to a standstill for a second day on Sunday as soldiers escorted vehicles to try to prevent fresh guerrilla attacks, officials and residents said. Maoists called the 11-day strike on
Published 04 Apr, 2005 12:00am
Newborn infections alarmingly high in 3rd World

Newborn infections alarmingly high in 3rd World

A global study led by Aga Khan University (AKU) on the risk of infection among new-born babies in developing countries is receiving international media attention. The study finds that unsanitary practices during labour and delivery as well as in after-bir
Published 04 Apr, 2005 12:00am
Gulf major market for floriculture

Gulf major market for floriculture

Pakistan has the potential to export of rose and its products to Arab States and Russia, world's major importers of the flower. According to Dr Mohammad Afzal Chaudhry, a floriculture expert from Kenya, dried rose petals, rose water and oil are in great d
Published 04 Apr, 2005 12:00am
Palms, bamboos flourish in the snow as European gardens go tropical

Palms, bamboos flourish in the snow as European gardens go tropical

Amateur gardeners are creating jungles lush with Chinese bamboos, banana trees and equatorial palms in chilly northern Europe amid a growing trend for subtropical gardens, which is overturning accepted gardening practices. "The more people said to me 'you
Published 04 Apr, 2005 12:00am
Foreign assistance: boon or curse?

Foreign assistance: boon or curse?

"Rather than giving money that can be squandered away, perhaps the best form of aid would be industry directly. Do not give the needy money, build them industries instead." J.W. Smith In the new up-and-coming universal state of affairs, after the inductio
Published 04 Apr, 2005 12:00am
Manipulative trading at KSE

Manipulative trading at KSE

Having touched the highest-ever index level during its history, 10,300 points, Karachi Stock Exchange, which was being termed as the best performing stock market of the world, is now trembling like a house of cards and has eroded more than 2700 points in
Published 04 Apr, 2005 12:00am
Zarqawi driven by emotion, say ex-cellmates

Zarqawi driven by emotion, say ex-cellmates

During their years in a Jordanian prison, inmates remember Abu Musab al-Zarqawi in his Afghan dress weeping uncontrollably in the courtyard whenever he knelt to pray. "Abu Musab cried constantly. He was very emotional, almost like a child," said 35-year-o
Published 04 Apr, 2005 12:00am
Unpredictable behaviour of stock markets

Unpredictable behaviour of stock markets

During the last 10 days of March 2005, the stock exchanges of Pakistan have shown abnormally unpredictable behaviour for the investor community. For full one week, the market witnessed a steep decline capping the entire market at the lowest limits allowed
Published 04 Apr, 2005 12:00am
Anomalies and lacunae in I.T. ordinance-I

Anomalies and lacunae in I.T. ordinance-I

The Income Tax Ordinance, 2001, which was promulgated in 2001 with tall claims of simplifying tax code, contains a number of anomalies, ambiguities, lacunae and inconsistencies. We have pointed out many of these in our book Law and Practice of Income. In
Published 04 Apr, 2005 12:00am
T-bill rate rise: Too little too late

T-bill rate rise: Too little too late

In a move clearly aimed to tackle inflationary pressures but unexpected for the money market players, the State Bank accepted Rs 22.55 billion against the target amount of Rs 10 billion in the auction for the sale of six-month treasury bills held on 30th
Published 04 Apr, 2005 12:00am
Remedial measures for stock market

Remedial measures for stock market

The Securities and Exchange Commission of Pakistan has constituted a Task Force, headed by former Tax Ombudsman former Justice Salim Akhtar, to examine the factors responsible for the recent turmoil in the Stock Market. The Task Force will investigate the
Published 04 Apr, 2005 12:00am
RCCI welcomes MTU upgradation

RCCI welcomes MTU upgradation

The Rawalpindi Chamber of Commerce and Industry (RCCI) has welcomed formal inauguration and up-gradation of Medium Taxpayers Unit (MTU) here. In a statement issued on Sunday, President, RCCI, Najam Rehan said the establishment of this unit was much needed
Published 04 Apr, 2005 12:00am
Altaf saddened over Pope's death

Altaf saddened over Pope's death

Altaf Hussain, founder and Leader of Muttahida Quami Movement (MQM), was shocked and saddened having heard the news of death of Pope John Paul II. He expressed his health condolences to the family members, colleagues of Pope John Paul II, and the Christia
Published 04 Apr, 2005 12:00am
Dictators hatch conspiracy to eliminate Bhutto: Benazir

Dictators hatch conspiracy to eliminate Bhutto: Benazir

Former prime minister and PPP Chairperson Benazir Bhutto said on Sunday that the dictator and anti-democratic forces hatched a conspiracy to eliminate Zulfiqar Ali Bhutto, because they feared that as long as he was around neither dictatorship could flouri
Published 04 Apr, 2005 12:00am
ADB approves package for reforms

ADB approves package for reforms

In order to promote vibrant and efficient financial markets in Pakistan, the Asian Development Bank (ADB) has approved an integrated assistance package of three loans and two political risk guarantee (PRG) facilities, under the financial markets governanc
Published 04 Apr, 2005 12:00am
Government tightening noose around land mafia: minister

Government tightening noose around land mafia: minister

Provincial Minister for Co-operatives, Malik Mohammad Anwar said the government would effectively check fraudulent practices in co-operatives sector as it has amended the Co-operative Act 1925 with the aim to safeguard public interests. Talking to various
Published 04 Apr, 2005 12:00am
'NBP to equip branches with latest tech'

'NBP to equip branches with latest tech'

The National Bank of Pakistan is striving hard to equip its branches with latest technology to meet the future challenges in banking sector. This was stated by Regional Business Chief Peshawar Shahjehan Khan during an inspection of Computer Center and adj
Published 04 Apr, 2005 12:00am
President and Prime Minister condole Pope's demise

President and Prime Minister condole Pope's demise

President General Pervez Musharraf and Prime Minister Shaukat Aziz have expressed deep sorrow and grief over the sad demise of Pope John Paul II. In their separate condolence messages to Cardinal Angelo Sodano, Secretary of State of the Holy See, issued h
Published 04 Apr, 2005 12:00am
Nine more MMA activists held

Nine more MMA activists held

Police on Sunday arrested as many as 9 more Muttahida Majlis-i-Amal (MMA) activists on the charges of forcing the shopkeepers to shut their shops and staging anti-government demonstration. On Saturday, as many as 20 MMA activists were arrested by police o
Published 04 Apr, 2005 12:00am
NWFP government to establish IFC

NWFP government to establish IFC

The NWFP government will establish Industrial Facilitation Centre (IFC) here to boost industrialisation and trade activities in the province. "The establishment of the IFC was included in the first-ever NWFP Indus trial Policy announced by Chief Minister
Published 04 Apr, 2005 12:00am
'Kalabagh dam vital for country's prosperity'

'Kalabagh dam vital for country's prosperity'

Former Wapda chairman and member Technical Committee on Water Resources, Shamsul Mulk on Sunday said that construction of Kalabagh Dam is vital for the country's progress and prosperity. Talking to PTV he said, "Kalabagh dam is imperative for the progress
Published 04 Apr, 2005 12:00am
MMA to chalk out next strategy on April 6: Baloch

MMA to chalk out next strategy on April 6: Baloch

The Muttahida Majlis-i-Amal may postpone "Siege of Islamabad" as part of its final round of the ongoing protest against the government and is expected to chalk out the next strategy in the backdrop of wheel jam and shutter down call of Saturday. MMA Deput
Published 04 Apr, 2005 12:00am
Workshop for school principles and teachers

Workshop for school principles and teachers

Education, Research and Information Centre (Eric) will arrange a two-day workshop for school principles and teachers on April 7-8 wherein the latest nursery curriculum can be prepared and obtained, said a press release issued here on Sunday. The Eric has
Published 04 Apr, 2005 12:00am
Iranian investors call on NWFP governor

Iranian investors call on NWFP governor

NWFP Governor Khalil-ur-Rehman has said that there exists vast scope for investment in various fields both in the province and Fata, as the Iranian investors, having the advantage of geographical proximity, are in a much more better position to avail thes
Published 04 Apr, 2005 12:00am
Fuji film celebrations

Fuji film celebrations

Yasuhiro Egami, Managing Director Fujifilm (Singapore) Pte Ltd, is arriving in Pakistan to grace a programme being held on the memorable occasion of the 50th FDI celebrations. The event has special significance in the annals of Fujifilm Pakistan (Pvt) Ltd
Published 04 Apr, 2005 12:00am
AGP detects Rs 329 million irregularities

AGP detects Rs 329 million irregularities

The Auditor-General of Pakistan (AGP) has detected irregularities of more than Rs 329.68 million in the Ministry of Environment (MoE) accounts, exposing the ministry's weak internal control system. According to the audit report on the accounts of federal
Published 04 Apr, 2005 12:00am
Spring food mela inaugurated

Spring food mela inaugurated

A fifteen-day Spring Food Mela was opened at a local hotel here on Saturday evening. Chief Minister NWFP Akram Khan Durrani, who was chief guest on the occasion, performed the inauguration amid the local traditional music. The mela has been arranged on th
Published 04 Apr, 2005 12:00am
New pesticides law under consideration

New pesticides law under consideration

The government is considering to replace 1971 Agriculture Pesticide Ordinance by a new law to control that 'ever-increasing adulteration and lowering of standards' in the formulation of important agri inputs. Sources in Ministry of Food, Agriculture and L
Published 04 Apr, 2005 12:00am
Supreme Court starts current week with a larger bench

Supreme Court starts current week with a larger bench

The nation's highest judicial forum, the Supreme Court, is to begin its next judicial week with a larger bench that will decide if it can issue directions to a legislature about the nature of a law. The test case on the anvil will be the 17th Amendment to
Published 04 Apr, 2005 12:00am
High-yield sugarcane varieties developed

High-yield sugarcane varieties developed

Sugar Crops Research Institute (SCRI) Mardan has introduced new varieties of sugarcane crop, which are not only disease-free but are also high yielding. This was disclosed at the Field Day held with the sugarcane growers at Ghundoo Village of District Mar
Published 04 Apr, 2005 12:00am
'Grand Lok Mela' from April 8

'Grand Lok Mela' from April 8

Heritage Museum, Lok Virsa in collaboration with Ministry of Culture is organising a 17-day long "Grand Lok Mela" from April 8, on Friday at Lok Virsa, Shakarparian. Talking to APP here on Sunday, the programme executive, Lok Virsa, Anwar-ul-Haq said the
Published 04 Apr, 2005 12:00am
Pakistan poised to eradicate polio this year, WHO director general told

Pakistan poised to eradicate polio this year, WHO director general told

Federal Health Minister Mohammad Nasir Khan said on Sunday that Pakistan stands at the threshold of eradicating polio this year. "After years of hard work and sustained efforts, Pakistan today stands at the threshold of eradicating a disease that once par
Published 04 Apr, 2005 12:00am
Veteran journalist passes away

Veteran journalist passes away

Veteran journalist Safdar Barlas died here of prostate cancer on Sunday evening. He was 78. Barlas, who worked in Dawn on many senior positions for over four decades, graduated from Lucknow University in 1947. He subsequently obtained a Master's degree fr
Published 04 Apr, 2005 12:00am
Sindh irrigation department signs MoU with TIP

Sindh irrigation department signs MoU with TIP

Sindh government has signed a memorandum of understanding (MoU) with Transparency International Pakistan for implementation of 'integrity pact' and transparency in procurement systems. The MoU signing ceremony was held at Chief Minister House on Sunday. S
Published 04 Apr, 2005 12:00am
Five militants held, arms seized

Five militants held, arms seized

Five suspected Shia militants were arrested and a large number of arms seized during police raids in southern Pakistan, a police official said on Sunday. Three of the suspects, thought to be leaders of Baqiatullah, a shadowy Shia militant group, wanted fo
Published 04 Apr, 2005 12:00am
USAID supports government's health reforms

USAID supports government's health reforms

USAID is highly supportive of the Pakistan Government's plan to reform health and population policies and services, programme officer for USAID in Pakistan Scott Taylor, said in a certificate distribution ceremony organised by the Greenstar Institute. Add
Published 04 Apr, 2005 12:00am
US keen to promote education in Pakistan

US keen to promote education in Pakistan

US Consul General in Karachi, Douglas C. Rohn said the United States is keen to contribute towards promotion of education in Pakistan. Expressing his views at a get together here on Saturday night, Douglas Rohn pointed out that most of the financial alloc
Published 04 Apr, 2005 12:00am
ZTBL launches 'Zarkhez' today

ZTBL launches 'Zarkhez' today

Zarai Taraqqiyati Bank Limited is launching its "Zarkhez" programme from Monday to provide agriculture loan to growers under one window operation. A spokesman of Sindh Agriculture Extension informed that under Zarkhez programme, the growers could get agri
Published 04 Apr, 2005 12:00am
Speech competition for children

Speech competition for children

Idara Aaghosh, a non-government organisation working for welfare of poor and needy children, in collaboration with Baba Fareed Citizen Community Board held a speech competition on 'rights and duties of children', and annual prize distribution ceremony at
Published 04 Apr, 2005 12:00am
MMA activists being tortured in lock-ups: Baloch

MMA activists being tortured in lock-ups: Baloch

Muttahida Majlis-i-Amal (MMA) Deputy Secretary-General Liaqat Baloch has alleged that MMA activists arrested by police during and before April 2 strike are being tortured in lock-ups and their families and relatives have been restrained to meet them. Even
Published 04 Apr, 2005 12:00am
Explosion kills one

Explosion kills one

A bomb explosion in Spin Boldak, along Pakistan-Afghan killed an Afghan on Sunday morning. According to General Fateh Khan Afghan Security Chief, a bomb exploded in Spin Boldak. This is second attack in the area in two days.
Published 04 Apr, 2005 12:00am
Arrested men to be tried under law: Arbab

Arrested men to be tried under law: Arbab

Sindh Chief Minister Dr Arbab Ghulam Rahim has said that those arrested on Saturday involved in the strike called by Muttahida Majlis-i-Amal would be tried under the law of the land. He was talking to newsmen after the signing of a memorandum of understan
Published 04 Apr, 2005 12:00am
Awareness on cardiac electrophysiology urged

Awareness on cardiac electrophysiology urged

The second international conference on Cardiac Electrophysiology concluded at Armed Forces Institute of Cardiology here on Sunday. Surgeon General Pakistan Army/Director General Medical Services Lieutenant General Syed Afzal Ahmed was the chief guest. Lie
Published 04 Apr, 2005 12:00am
Grain and seeds trade remains smooth

Grain and seeds trade remains smooth

The grain, seeds resilient, while the other items fluctuated depending on the supply and demand on the wholesale markets during the week-ended on April 2, 2005, relevant traders said. The commodities fluctuated were plastic mouldings rapeseed cakes, til,
Published 04 Apr, 2005 12:00am
CNG Conex 2005 postponed

CNG Conex 2005 postponed

Second international conference and exhibition CNG Conex-2005 scheduled to be held in Lahore on April 5-6 has been postponed due to unavoidable circumstances. According to an announcement made by the programme organisers here on Sunday, the conference wou
Published 04 Apr, 2005 12:00am
Pak-China friendship to be strengthened further: Arbab

Pak-China friendship to be strengthened further: Arbab

Pakistan-China friendship is based on principles and it would further strengthened in the times to come, said Sindh Chief Minister Dr Arbab Ghulam Rahim, while welcoming a 100-member youths delegation of China. The Sindh CM also hosted a dinner in the hon
Published 04 Apr, 2005 12:00am
Seafood exporters criticise MFD proposals

Seafood exporters criticise MFD proposals

Seafood exporters have criticised the Marine Fisheries Department's (MFD) suggestions asking Sindh Fisheries and Agriculture Department to build a European Union (EU) corridor and manufacture 40 Hilla (small sized) fishing boats at the Karachi Fish Harbou
Published 04 Apr, 2005 12:00am
Ginners more inclined to unload stock

Ginners more inclined to unload stock

The ginners changed their perception to ensure more bales got the outlet than asking higher rate but sales showed no improvement. The cotton spot rates remained firm at Rs 2275.
Published 04 Apr, 2005 12:00am
Lahore High Court benches

Lahore High Court benches

As many as 11 division benches and 26 single benches will work at principal seat of the Lahore High Court (LHC) during the week commencing from Monday (April 04). According to a notification, division benches are headed by Justice Chaudhry Ijaz Ahmed, Jus
Published 04 Apr, 2005 12:00am
Chinese youth team visits Pakistan Steel Mill

Chinese youth team visits Pakistan Steel Mill

A 100-member Chinese youth delegation, accompanied by Consul General of People's Republic of China in Pakistan Sun Chunye, and led by All China Youth Federation Vice-President Erkenjian Tulabong, visited Pakistan Steel Mill (PSM) on Sunday. The visit was
Published 04 Apr, 2005 12:00am
Foreign exchange being fetched through batteries export

Foreign exchange being fetched through batteries export

Pakistan is earning millions of dollars foreign exchange through export of locally-manufactured batteries to Gulf and the neighbouring countries. "Our major markets for export of batteries are Yemen, Saudi Arabia and Afghanistan," Chairman of Volta-Osaka
Published 04 Apr, 2005 12:00am
100 firearms recovered in Gilgit

100 firearms recovered in Gilgit

The law enforcement agencies continued search for the illegal weapons in Gilgit city on the second consecutive day and recovered 100 firearms, said Chief Secretary, Northern Areas, Manzoor Nadeem on Sunday. Three people were also arrested, he said address
Published 04 Apr, 2005 12:00am
Number of I-15 plots to be auctioned reduced

Number of I-15 plots to be auctioned reduced

On the directives of Interior Minister Aftab Ahmed Khan Sherpao, the Capital Development Authority (CDA) has significantly reduced the number of plots in I-15 Sector to 5500 from 9000, which would be sold out on subsidised rates through open balloting, so
Published 04 Apr, 2005 12:00am
Shujaat enquires after health of Qazi

Shujaat enquires after health of Qazi

President, Pakistan Muslim League (PML) Chaudhry Shujaat Hussain on Sunday went to the Doctors Hospital and enquired about the health of Amir, Jamaat-i-Islami Qazi Hussain Ahmad. According to a press release, Qazi Hussain Ahmed was admitted to the hospita
Published 04 Apr, 2005 12:00am
Nine injured as MMA activists disrupt marathon

Nine injured as MMA activists disrupt marathon

Nine people, most of them police, were wounded on Sunday when Muttahida Majlis-i-Amal activists opened fire as they protested participation of women in a running race, police said. "Eight policemen were injured when activists of the Muttahida Majlis-i-Ama
Published 04 Apr, 2005 12:00am
26th death anniversary of Bhutto today

26th death anniversary of Bhutto today

The death anniversary of the founder of Pakistan Peoples Party, Zulfiqar Bhutto will be observed with due solemnity by the party workers and supporters on April 4 all across the world. The main gathering will be held at Naudero, Larkana at the Mazar of Z.
Published 04 Apr, 2005 12:00am
KPT signs agreement with TI Pakistan

KPT signs agreement with TI Pakistan

A Memorandum of Understanding (MoU) has been signed between the Transparency International Pakistan (TI-Pakistan) and the Karachi Port Trust (KPT) for implementation of the "Integrity Pact" and Transparency in its Procurement Systems on 2nd April 2005, sa
Published 04 Apr, 2005 12:00am
KPT signs agreement with TI Pakistan

KPT signs agreement with TI Pakistan

A Memorandum of Understanding (MoU) has been signed between the Transparency International Pakistan (TI-Pakistan) and the Karachi Port Trust (KPT) for implementation of the "Integrity Pact" and Transparency in its Procurement Systems on 2nd April 2005, sa
Published 04 Apr, 2005 12:00am
Lowari Tunnel bids to be opened today

Lowari Tunnel bids to be opened today

The National Highway Authority will open, on Monday April 4, bids of eight pre-qualified parties, for construction of Lowari Tunnel to make Nowshera-Peshawar-Dir-Chitral National Highway (N-45) an all weather road, official sources told Business Record
Published 04 Apr, 2005 12:00am
Lowari Tunnel bids to be opened today

Lowari Tunnel bids to be opened today

The National Highway Authority will open, on Monday April 4, bids of eight pre-qualified parties, for construction of Lowari Tunnel to make Nowshera-Peshawar-Dir-Chitral National Highway (N-45) an all weather road, official sources told Business Record
Published 04 Apr, 2005 12:00am
Stock market victims'' plea to President and Prime Minister

Stock market victims'' plea to President and Prime Minister

Investors Association of Pakistan, an organisation recently formed for protection of small and medium investors'' interest in the stock market, has appealed to the President and Prime Minister of Pakistan to take note of the recent capital market crisis a
Published 04 Apr, 2005 12:00am
Stock market victims' plea to President and Prime Minister

Stock market victims' plea to President and Prime Minister

Investors Association of Pakistan, an organisation recently formed for protection of small and medium investors' interest in the stock market, has appealed to the President and Prime Minister of Pakistan to take note of the recent capital market crisis an
Published 04 Apr, 2005 12:00am
Stock market victims' plea to President and Prime Minister

Stock market victims' plea to President and Prime Minister

Investors Association of Pakistan, an organisation recently formed for protection of small and medium investors' interest in the stock market, has appealed to the President and Prime Minister of Pakistan to take note of the recent capital market crisis an
Published 04 Apr, 2005 12:00am
Price increase likely to affect fertiliser off-take

Price increase likely to affect fertiliser off-take

The increased international prices of fertiliser coupled with domestic supply shortages will likely to adversely affect the fertiliser off-take in the next cropping season kharif of financial year 2006. According to an official survey report, Fertiliser o
Published 04 Apr, 2005 12:00am
Price increase likely to affect fertiliser off-take

Price increase likely to affect fertiliser off-take

The increased international prices of fertiliser coupled with domestic supply shortages will likely to adversely affect the fertiliser off-take in the next cropping season kharif of financial year 2006. According to an official survey report, Fertiliser o
Published 04 Apr, 2005 12:00am
Musharraf urged to go ahead with Kalabagh dam

Musharraf urged to go ahead with Kalabagh dam

Pakistan Engineering Council (PEC) unanimously supports construction of Kalabagh Dam and demands President Musharraf to go ahead with this mega project of great national importance. PEC President, Rana Saeed Ahmed Khan, General Secretary, Syed Mansoob Ali
Published 04 Apr, 2005 12:00am
Two dead, 40 hurt as bombs rock airport, cities in Thailand

Two dead, 40 hurt as bombs rock airport, cities in Thailand

Two people were killed and at least 40 wounded Sunday when three near-simultaneous bombs exploded at an airport in southern Thailand, outside a Carrefour supermarket and near a hotel, police said. "Two people have died from the bomb at the airport" in Hat
Published 04 Apr, 2005 12:00am
New fraud scandal at Bank of China

New fraud scandal at Bank of China

The scandal-plagued Bank of China is embroiled in another fraud investigation following the discovery of a 644 million yuan (77 million dollar) mortgage scam, a report said Sunday. One of the bank's managers at its main Beijing branch as well as two lawye
Published 04 Apr, 2005 12:00am
Algerians want independent probe into 6,000 missing

Algerians want independent probe into 6,000 missing

Algerian human rights groups on Sunday called for an independent investigation into the detentions and subsequent disappearances of more than 6,000 civilians at the hands of security forces during the 1990s. They rejected a much-awaited report this week b
Published 04 Apr, 2005 12:00am
Mild quake in southern Iran

Mild quake in southern Iran

Fifteen people were hurt early Sunday when an earthquake measuring 4.1 degrees on the Richter scale hit a town in southern Iran, the student news agency ISNA reported. The quake hit the town of Ravar in the southern province of Kerman at 2:54 am (2224 GMT
Published 04 Apr, 2005 12:00am
LSE loses 334 points

LSE loses 334 points

Lahore share market failed to come out of the crisis caused by settlement problems in the futures contracts and further went down by 7.8 percent during last week. However, stock analysts said that improvement in volume showed that arrangements to inject e
Published 04 Apr, 2005 12:00am
LSE loses 334 points

LSE loses 334 points

Lahore share market failed to come out of the crisis caused by settlement problems in the futures contracts and further went down by 7.8 percent during last week. However, stock analysts said that improvement in volume showed that arrangements to inject e
Published 04 Apr, 2005 12:00am
Prime Minister forms special panel for reforms

Prime Minister forms special panel for reforms

Prime Minister Shaukat Aziz has constituted a special committee to formulate policies for streamlining, improving and introducing broad-based structural and institutional reforms in administration, parliament, and judiciary. Federal Law, Justice and Human
Published 04 Apr, 2005 12:00am
Jamshoro Power Company: financial adviser accused of delaying sell-off

Jamshoro Power Company: financial adviser accused of delaying sell-off

The Privatisation Commission (PC) has accused the Financial Adviser, Abacus Consulting, Lahore, local contractor of Pricewaterhouse Coopers, of delaying government programme to take Jamshoro Power Company (JPC) transaction to bidding stage at the earliest
Published 04 Apr, 2005 12:00am
Jamshoro Power Company: financial adviser accused of delaying sell-off

Jamshoro Power Company: financial adviser accused of delaying sell-off

The Privatisation Commission (PC) has accused the Financial Adviser, Abacus Consulting, Lahore, local contractor of Pricewaterhouse Coopers, of delaying government programme to take Jamshoro Power Company (JPC) transaction to bidding stage at the earliest
Published 04 Apr, 2005 12:00am
Jamshoro Power Company: financial adviser accused of delaying sell-off

Jamshoro Power Company: financial adviser accused of delaying sell-off

The Privatisation Commission (PC) has accused the Financial Adviser, Abacus Consulting, Lahore, local contractor of Pricewaterhouse Coopers, of delaying government programme to take Jamshoro Power Company (JPC) transaction to bidding stage at the earliest
Published 04 Apr, 2005 12:00am
Pak Suzuki earnings decline

Pak Suzuki earnings decline

Pak Suzuki earnings declined in CY04 mainly on account of adverse yen movement, higher steel prices and increase in depreciation charge due to expansion. Pak Suzuki increased prices of its cars by about Rs 20,000 near the end of the year which shall benef
Published 04 Apr, 2005 12:00am
Pak Suzuki earnings decline

Pak Suzuki earnings decline

Pak Suzuki earnings declined in CY04 mainly on account of adverse yen movement, higher steel prices and increase in depreciation charge due to expansion. Pak Suzuki increased prices of its cars by about Rs 20,000 near the end of the year which shall benef
Published 04 Apr, 2005 12:00am
Pak Suzuki earnings decline

Pak Suzuki earnings decline

Pak Suzuki earnings declined in CY04 mainly on account of adverse yen movement, higher steel prices and increase in depreciation charge due to expansion. Pak Suzuki increased prices of its cars by about Rs 20,000 near the end of the year which shall benef
Published 04 Apr, 2005 12:00am
27 percent decline in badla investment

27 percent decline in badla investment

The weighted average badla rate at KSE declined to 23.9 percent on Friday, whereas Badla investment, at Rs 24.5 billion, also declined by 26.8 percent due to offloading by weak holders. With ICI's exit from the Badla market during the week, Badla eligible
Published 04 Apr, 2005 12:00am
27 percent decline in badla investment

27 percent decline in badla investment

The weighted average badla rate at KSE declined to 23.9 percent on Friday, whereas Badla investment, at Rs 24.5 billion, also declined by 26.8 percent due to offloading by weak holders. With ICI's exit from the Badla market during the week, Badla eligible
Published 04 Apr, 2005 12:00am
''Day traders drive share market''

''Day traders drive share market''

Volatility is an abiding characteristic of all stock markets and, in the case of the Pakistan, stock market volatility is endemic as the market is highly trading-oriented. Except for a core group of institutional investors, day traders drove the market. T
Published 04 Apr, 2005 12:00am
'Day traders drive share market'

'Day traders drive share market'

Volatility is an abiding characteristic of all stock markets and, in the case of the Pakistan, stock market volatility is endemic as the market is highly trading-oriented. Except for a core group of institutional investors, day traders drove the market. T
Published 04 Apr, 2005 12:00am
'Day traders drive share market'

'Day traders drive share market'

Volatility is an abiding characteristic of all stock markets and, in the case of the Pakistan, stock market volatility is endemic as the market is highly trading-oriented. Except for a core group of institutional investors, day traders drove the market. T
Published 04 Apr, 2005 12:00am
Bears tighten grip on KSE

Bears tighten grip on KSE

The bulls were lambasted by the resurgent bears who were back in action after a brief hiatus on rumours of tightening of futures contract rules and sent waves of panic across the board where key scrips suffered losses under the lead of OGDC, PTCL, NBP, Pa
Published 04 Apr, 2005 12:00am
Bears tighten grip on KSE

Bears tighten grip on KSE

The bulls were lambasted by the resurgent bears who were back in action after a brief hiatus on rumours of tightening of futures contract rules and sent waves of panic across the board where key scrips suffered losses under the lead of OGDC, PTCL, NBP, Pa
Published 04 Apr, 2005 12:00am
Bears tighten grip on KSE

Bears tighten grip on KSE

The bulls were lambasted by the resurgent bears who were back in action after a brief hiatus on rumours of tightening of futures contract rules and sent waves of panic across the board where key scrips suffered losses under the lead of OGDC, PTCL, NBP, Pa
Published 04 Apr, 2005 12:00am
Non-duty paid cars regularisation: CBR to move proposal to ECC

Non-duty paid cars regularisation: CBR to move proposal to ECC

Central Board of Revenue (CBR) Chairman Abdullah Yusuf has said that the Board will submit the proposal for the regularisation of non-duty paid cars to the Economic Co-ordination Committee (ECC) of the Cabinet after incorporating the viewpoint of the Inte
Published 04 Apr, 2005 12:00am
Non-duty paid cars regularisation: CBR to move proposal to ECC

Non-duty paid cars regularisation: CBR to move proposal to ECC

Central Board of Revenue (CBR) Chairman Abdullah Yusuf has said that the Board will submit the proposal for the regularisation of non-duty paid cars to the Economic Co-ordination Committee (ECC) of the Cabinet after incorporating the viewpoint of the Inte
Published 04 Apr, 2005 12:00am
Non-duty paid cars regularisation: CBR to move proposal to ECC

Non-duty paid cars regularisation: CBR to move proposal to ECC

Central Board of Revenue (CBR) Chairman Abdullah Yusuf has said that the Board will submit the proposal for the regularisation of non-duty paid cars to the Economic Co-ordination Committee (ECC) of the Cabinet after incorporating the viewpoint of the Inte
Published 04 Apr, 2005 12:00am
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