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Print - 2005-06-01
Government employees demand 100 percent increase in salary

Government employees demand 100 percent increase in salary

The Pakistan Employees Co-ordination Council (PECC) has demanded more than 100 percent raise in salaries and threatened to go on indefinite strike if the government failed to meet their demands. "All the government employees in all four provinces and AJK
Published 01 Jun, 2005 12:00am
TCP floats fresh cotton tender

TCP floats fresh cotton tender

Trading Corporation of Pakistan (TCP) has floated another tender for the export as well as local sale of 55,000 cotton bales of 2004-2005 crop. A TCP official said here Tuesday that the bidding would be held on June 4 at corporation head office. TCP has o
Published 01 Jun, 2005 12:00am
PSAA calls for regulating freight rates

PSAA calls for regulating freight rates

The Pakistan Ship Agents Association (PSAA) has rejected the recent increase in freight rates announced by the shipping lines and termed it detrimental for achieving export targets set by the government. Captain Rashid Abro, Vice Chairman, PSAA in a state
Published 01 Jun, 2005 12:00am
Rs 46,200 robbed

Rs 46,200 robbed

Muhammad Anwar, Naib Qasid of Radio Pakistan News Bureau Lahore who was carrying salaries of Haroon Rashid Abbasi Controller Radio Pakistan News Bureau and other four persons of Lahore News Bureau was robbed by dacoits on Tuesday. Gunmen robbed Naib Qasid
Published 01 Jun, 2005 12:00am
Gulzar to head UHS biochemistry department

Gulzar to head UHS biochemistry department

The University of Health Sciences (UHS), Lahore has appointed Dr Gulzar A. Niazi as head of biochemistry department under the foreign faculty hiring programme of the Higher Education Commission (HEC). Dr Gulzar has obtained Ph.D. from University of Bristo
Published 01 Jun, 2005 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on Tuesday (May 31, 2005).

Published 01 Jun, 2005 12:00am
Pakistani rice can be exported to EAC at old duty rates

Pakistani rice can be exported to EAC at old duty rates

The Pakistani rice exporters can export rice to East African countries (EAC) at old duty rates for two years. The Export Promotion Bureau (EPB) announced this in a statement issued here on Tuesday. The EPB informed the rice exporters that they could expor
Published 01 Jun, 2005 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on Tuesday (May 31, 2005).

Published 01 Jun, 2005 12:00am
High rice exports confirmed by EPB figures

High rice exports confirmed by EPB figures

The export performance by rice sector has been confirmed by the revised figures released by Export Promotion Bureau/Ministry of Commerce. According to these figures, rice exports from July to April (2004-05) amounted to $718 million, against the whole yea
Published 01 Jun, 2005 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on Tuesday (May 31, 2005).

Published 01 Jun, 2005 12:00am
Sindh Assembly session hardly lasts for 2 hours

Sindh Assembly session hardly lasts for 2 hours

Sindh Assembly session requisitioned by opposition did not last even for two hours and was prorogued sine die after a brief exchange of harsh word between the treasury and opposition benches. The session on Tuesday began at 11:40 a m, instead of 9:30. Act
Published 01 Jun, 2005 12:00am
IT minister inspects ongoing uplift projects

IT minister inspects ongoing uplift projects

Sindh Minister for Information and Technology, Syed Mustafa Kamal on Tuesday inspected the ongoing development projects in his constituency PS-117. The schemes pertained to new water and sewerage lines, installation of PMT, street Lights and other develop
Published 01 Jun, 2005 12:00am
Funds from EDF for individual gains opposed

Funds from EDF for individual gains opposed

The intervention of the Commerce Ministry has been sought to disallow use of funds from the Export Development Fund (EDF) for individual gains. In a letter sent to the Commerce Secretary, former presidents, life members and members of the managing committ
Published 01 Jun, 2005 12:00am
Sindh earmarks land for SMEs

Sindh earmarks land for SMEs

The Sindh government has earmarked land for Small and Medium Enterprises (SMEs) and asked prospective investors to contact through the trade associations for acquiring the land. This was stated by the Chairman Chief Minister's Investment Cell Dr Ghousuddi
Published 01 Jun, 2005 12:00am
CDGK submits projects list for $400 million ADB loan

CDGK submits projects list for $400 million ADB loan

The City District Government Karachi (CDGK) has submitted a list of development projects with Asian Development Bank (ADB) for funding under its proposed $400 million technical assistance (TA) loan facility. The list includes projects pertaining to works
Published 01 Jun, 2005 12:00am
Trade unions oppose public sector entities sell-off

Trade unions oppose public sector entities sell-off

Leading trade union federations of the country while opposing the privatisation of public sector organisations have said that it was totally against the national interest. All Pakistan Trade Unions Organisation Secretary General S.P. Lodhi, Banks Trade Un
Published 01 Jun, 2005 12:00am
Efforts on to make water available in arid areas

Efforts on to make water available in arid areas

The Punjab government was taking comprehensive steps for streamlining water availability especially for arid areas of the province, Project Director Small Dams Organisation, Javed Afzal Khan said on Tuesday. Speaking at a PTV programme he said that so far
Published 01 Jun, 2005 12:00am
'Industrial uplift to remove backwardness and lawlessness'

'Industrial uplift to remove backwardness and lawlessness'

President Tribal Area Chamber of Commerce & Industry (TACCI), Haji Ghulam Ali Tuesday called for promotion of trade and industry in tribal areas to eliminate poverty, unemployment, poppy cultivation and lawlessness from the tribal belt of the country. Spe
Published 01 Jun, 2005 12:00am
Saudi Arabia gifts hospital equipment to Balochistan

Saudi Arabia gifts hospital equipment to Balochistan

Saudi Ambassador Ali Bin Saeed Awadh Asseri on behalf of the government of Saudi Arabia handed over the hospital equipment to Balochistan Chief Minister Jam Mohammad Yousaf here on Tuesday. The state-of-the-art hospital equipment has been sent by Prince F
Published 01 Jun, 2005 12:00am
Provinces asked to beef up security: Sherpao

Provinces asked to beef up security: Sherpao

Federal Interior Minister Aftab Ahmad Khan Sherpao has said that the provinces have been directed to beef up security arrangements. Talking to a private TV channel, he said the government was taking all possible steps for protection of mosques and Imambar
Published 01 Jun, 2005 12:00am
PAC takes up misappropriation of funds

PAC takes up misappropriation of funds

A meeting of the Sub-committee of the Public Accounts Committee on Home Department here Tuesday discussed alleged misappropriation of funds in the purchase of uniforms and other related goods for the police department in Dir. The meeting was attended by m
Published 01 Jun, 2005 12:00am
Injured suicide attacker identified

Injured suicide attacker identified

A suspect involved in suicide attack at Madinat-ul-Ilm mosque, Gulshan-i-Iqbal has been identified on Monday morning. He belongs to banned outfit Jaish-i-Muhammad, police sources told reporters here on Tuesday at Jinnah Hospital. "The suspect's name is Mu
Published 01 Jun, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Tuesday (May 31, 2005).

Published 01 Jun, 2005 12:00am
President condemns Karachi killings

President condemns Karachi killings

President Musharraf has strongly condemned killing of former MNA Aslam Mujahid and loss of lives in a terrorist attack on a mosque in Karachi, and appealed to the people to unite in foiling the designs of the subversive elements. In a message, the Preside
Published 01 Jun, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Tuesday (May 31, 2005).

Published 01 Jun, 2005 12:00am
Two government officials caught taking bribe

Two government officials caught taking bribe

Two government officials have been arrested with bribe money in separate raids by the Anti-Corruption Establishment (ACE) teams, ACE sources told newsmen on Tuesday. Asmatullah of Layyah reported to the establishment that Abdul Ghaffar, clerk, district ac
Published 01 Jun, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Tuesday (May 31, 2005).

Published 01 Jun, 2005 12:00am
PTCL workers continue strike

PTCL workers continue strike

Employees of the Pakistan Telecommunication company Ltd (PTCL) continued their strike on Tuesday and threatened to switch off the entire telecommunication system from June 6 if their demands were not met. All the PTCL offices, including telephones exchang
Published 01 Jun, 2005 12:00am
Asian Cultural League agrees to strengthen ties

Asian Cultural League agrees to strengthen ties

Pakistan, China, India and 13 other regional countries have agreed to form an Asian Cultural League to further strengthen bonds of friendship through regular social and cultural contacts. At the three-day Asian Cultural Co-operation Conference, opened in
Published 01 Jun, 2005 12:00am
Health professionals urged to help curb tobacco menace

Health professionals urged to help curb tobacco menace

Federal Health Minister Nasir Khan urged all health professionals to help the people change their behaviour to successfully curb the tobacco epidemic because tobacco is the second major cause of death. He said that five million people die annually through
Published 01 Jun, 2005 12:00am
PPP opposes sell-off of government entities

PPP opposes sell-off of government entities

The Pakistan People' Party has opposed the privatisation of profit-oriented units like Pak Arab Fertilisers, National Refinery, banks, Shipping Corporation and PTCL and termed the government's move as against the will of working class people. Addressing a
Published 01 Jun, 2005 12:00am
SSC practical exam on June 4

SSC practical exam on June 4

The postponed SSC practical examination-2005 scheduled to be held on May 31 will now be conducted on June 4. This was announced by the Controller Examinations. Board of Secondary Education Karachi (BSEK), Mohammad Saleem Khan, here on Tuesday. The practic
Published 01 Jun, 2005 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Tuesday (May 31, 2005).

Published 01 Jun, 2005 12:00am
157 Pakistani doctors arrive in US in 2004

157 Pakistani doctors arrive in US in 2004

In the year 2004, some 157 Pakistani physicians arrived in the United States on a J1 visa. Out of these, only 49 percent (57) were able to get the necessary documents and start their residency on time, ie July 1, 2004. The Pakistani American Public Affair
Published 01 Jun, 2005 12:00am
BMA-PGBI Closing Bell

BMA-PGBI Closing Bell

The BMA-PGBI posted a positive return today. The BMA-PGBI yield was down by approximately 8 bps and the BMA-PGBI was up by 0.30%. Nominal demand was observed in the bond market that kept the yield low, whereas the PKRV short term rates observed a downward
Published 01 Jun, 2005 12:00am
Withdrawal of sales tax on cottonseed oil demanded

Withdrawal of sales tax on cottonseed oil demanded

The Pakistan Cotton Ginners Association (PCGA) has demanded withdrawal of sales tax on cottonseed oil, saying that the measure would help stabilise raw cotton (raw cotton) price in open market. The PCGA in its budgetary proposals said that edible oils suc
Published 01 Jun, 2005 12:00am
BMA-PGBI Closing Bell

BMA-PGBI Closing Bell

The BMA-PGBI posted a positive return today. The BMA-PGBI yield was down by approximately 8 bps and the BMA-PGBI was up by 0.30%. Nominal demand was observed in the bond market that kept the yield low, whereas the PKRV short term rates observed a downward
Published 01 Jun, 2005 12:00am
Withdrawal of sales tax on cottonseed oil demanded

Withdrawal of sales tax on cottonseed oil demanded

The Pakistan Cotton Ginners Association (PCGA) has demanded withdrawal of sales tax on cottonseed oil, saying that the measure would help stabilise raw cotton (raw cotton) price in open market. The PCGA in its budgetary proposals said that edible oils suc
Published 01 Jun, 2005 12:00am
BMA-PGBI Closing Bell

BMA-PGBI Closing Bell

The BMA-PGBI posted a positive return today. The BMA-PGBI yield was down by approximately 8 bps and the BMA-PGBI was up by 0.30%. Nominal demand was observed in the bond market that kept the yield low, whereas the PKRV short term rates observed a downward
Published 01 Jun, 2005 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

The 21st session of the Senate began 90 minutes behind schedule here on Tuesday evening, but finally when it did begin, it was a tumultuous beginning. As soon as the House was through with nomination of a panel of presiding officers for the rest of the se
Published 01 Jun, 2005 12:00am
Opposition rejects government's privatisation policy

Opposition rejects government's privatisation policy

Joint opposition on Tuesday rejected the government's privatisation policy, alleging that Pakistan Telecommunication Company Limited (PTCL) was being sold out after US General Zinni visited Pakistan. All opposition parties in the House staged a token walk
Published 01 Jun, 2005 12:00am
DHA board reviews uplift work

DHA board reviews uplift work

Financial close for the establishment of three MGD, 94 megawatts DHA power and desalination project has been achieved. This was stated at a special meeting of DHA executive board chaired by Corps Commander Lieutenant General Syed Athar Ali, who is also pr
Published 01 Jun, 2005 12:00am
New Muree project could cause major environmental disaster

New Muree project could cause major environmental disaster

The IUCN Pakistan is of the view that New Murree Hills Development Project could cause major ecological and environmental disaster due to ill-planning for waste disposal and cutting of decades old trees at Patriata, sources said. The report titled "Rapid
Published 01 Jun, 2005 12:00am
NRL and PRL issue tender to sell naptha

NRL and PRL issue tender to sell naptha

National Refinery Limited and Pakistan Refinery Limited have jointly issued a tender to sell 100,000-150,000 tonnes of open-specification naphtha to be loaded from Karachi between July and September, traders said on Tuesday. The tender will close on June
Published 01 Jun, 2005 12:00am
PIA asked to curtail fares on international routes

PIA asked to curtail fares on international routes

In an attempt to save national flag carrier from further losses, the National Assembly Standing Committee on Defence on Tuesday directed the Pakistan International Airlines (PIA) to curtail fares on international routes and offer quality lodging facilitie
Published 01 Jun, 2005 12:00am
Rs 17.32 billion allocated for NHA, Senate told

Rs 17.32 billion allocated for NHA, Senate told

Communication Minister Shamim Siddiqui on Tuesday said in the Senate that Rs 17.32 billion has been allocated for National Highways Authority (NHA) in Public Sector Development Programme (PSDP) 2004-05, out of which Rs 10.703 billion has been utilised. Ea
Published 01 Jun, 2005 12:00am
Senate discusses law and order situation

Senate discusses law and order situation

The Senate on Tuesday debated on the law and order situation in the country and the incidents of terrorism at Bari Imam and Karachi, which killed a number of people. Professor Ghafoor Ahmed of the Jamaat-i-Islami regretted the killing of one of their lead
Published 01 Jun, 2005 12:00am
Colgate global art contest exhibition opens

Colgate global art contest exhibition opens

Colgate-Palmolive Pakistan Ltd organised 'My bright smile art contest' at Alliance Francaise Gallery on Tuesday. The chief guests and judges included Ms Durriya Kazi, Head of the Department of Visual Studies at Karachi University, and Ms Riffat Alvi, Art
Published 01 Jun, 2005 12:00am
Distribution companies asked to recover dues

Distribution companies asked to recover dues

Water and Power Development Authority (Wapda) Chairman Tariq Hamid has asked the chief executive officers of the distribution companies (DISCOS) to make all-out efforts to recover Wapda dues, a press release issued here on Tuesday said. Presiding over a p
Published 01 Jun, 2005 12:00am
'Smoking single largest preventable cause of adult deaths'

'Smoking single largest preventable cause of adult deaths'

"Smoking is the single largest preventable cause of adult deaths in Pakistan, and is currently responsible for over 100,000 deaths annually in the country." This was read out from a message sent by Professor Masood Hameed Khan, Vice Chancellor of Dow Univ
Published 01 Jun, 2005 12:00am
Mobile Zone's website rated amongst top 50

Mobile Zone's website rated amongst top 50

The website of Mobile Zone (the largest mobile phone company in Pakistan)- www.mobilezone.com.pk has been rated amongst the top 50 websites of Pakistan by www.ranking.com (the largest free market research on surfers behaviour ranking the top 900,000). "Mo
Published 01 Jun, 2005 12:00am
'Role of Pakistan Navy to counter terrorism operations acknowledged'

'Role of Pakistan Navy to counter terrorism operations acknowledged'

The Chief of the Naval Staff Shahid Karimullah has said that the Pakistan Navy is the only navy forming part of Coalition Maritime Campaign Plan (CMCP) in this region. Role of Pakistan Navy to counter terrorism operations in our region has been acknowledg
Published 01 Jun, 2005 12:00am
PFF condemns contract system

PFF condemns contract system

The Pakistan Fisherfolk Forum (PFF) has condemned the contract system that has affected jobs of about three million fishermen and has demanded for restoring fisherfolk-friendly license system in fishing grounds of Sindh. The PFF members also threatened to
Published 01 Jun, 2005 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (May 31, 2005).

Published 01 Jun, 2005 12:00am
Farmers demand improvement in irrigation network

Farmers demand improvement in irrigation network

Leaders of farming community demanded that the irrigation network should be improved and made transparent to provide level field to farmers of all federating units. Speaking at the pre-budget forum 2005-06 organised by a local daily, they said the Preside
Published 01 Jun, 2005 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (May 31, 2005).
Published 01 Jun, 2005 12:00am
KATI vice-chairman killing condemned

KATI vice-chairman killing condemned

Chairman Abdul Haseeb Khan, senior vice-chairman Muhammad Yousuf Shaikh, immediate past chairman Mian Zahid Hussain, prominent industrialists S.M. Munir and members of the Korangi Association of Trade and Industry (KATI) managing committee have expressed
Published 01 Jun, 2005 12:00am
Iftikhar elected KCCI managing body member

Iftikhar elected KCCI managing body member

Iftikhar Ahmed Malik from the North Karachi Association of Trade and Industry (NKTI) has been elected unopposed as a member of the Karachi Chamber of Commerce and Industry (KCCI) managing committee on vacant seat of town association for the period 2005-06
Published 01 Jun, 2005 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 Tuesday (May 31, 2005).

Published 01 Jun, 2005 12:00am
Minfal prepares plan to boost fisheries export

Minfal prepares plan to boost fisheries export

The Ministry of food, agriculture and livestock (Minfal) has prepared a comprehensive plan for approval of economic co-ordination committee (ECC) to boost fisheries export, which has the potential to go up to one billion dollars annually, official sources
Published 01 Jun, 2005 12:00am
Sherpao inaugurates MRP office in London

Sherpao inaugurates MRP office in London

The Federal Minster for Interior Aftab Ahmed Khan Sherpao inaugurated Machine Readable Passport (MRP) Office in London. While speaking on the occasion, Aftab Sherpao said the economic development initiatives over the past few years have slowly but surely
Published 01 Jun, 2005 12:00am