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Print - 2005-06-09
First ever agricultural policy of NWFP government on June 14

First ever agricultural policy of NWFP government on June 14

The first ever agriculture policy of NWFP government aimed at strengthening and facilitating farming community will be announced on Tuesday (June 14) in a Press Conference at the Chief Minister's House by the Chief Minister Muhammad Akram Khan Durrani at
Published 09 Jun, 2005 12:00am
Prime Minister to open AEDB project on June 11

Prime Minister to open AEDB project on June 11

Prime Minister Shaukat Aziz will unveil "AEDB" first alternative Energy project at Narian Khorian near Islamabad on June 11. The project was recently completed by the Alternative Energy Development Board (AEDB). Narian Khorian was selected for the project
Published 09 Jun, 2005 12:00am
Prime Minister briefed about steel industry performance

Prime Minister briefed about steel industry performance

Prime Minister Shaukat Aziz on Wednesday said the policies of the government were geared towards promoting investment and increasing production to meet local demands and create more employment opportunities. He was talking to a delegation of the owners of
Published 09 Jun, 2005 12:00am
Big narcotics haul seized at Kot Addu

Big narcotics haul seized at Kot Addu

A big haul of narcotics was seized and three drug-pushers arrested by the Kot Addu police, district Muzaffargarh, in the wee hours of Wednesday. SHO Kot Addu, Mahboob Ahmed Tangwani, told APP on phone that three accused, Ghulam Abbas, Ameer Bakhsh and Ria
Published 09 Jun, 2005 12:00am
Pakistan has over 10 million illegal firearms

Pakistan has over 10 million illegal firearms

Pakistan at a rough estimate has more than 10 million illegal (unlicensed) weapons while the number of illegal weapons in NWFP and the adjoining tribal belt alone may range from 4 million to 7 million. The province is awash with small arms and light weapo
Published 09 Jun, 2005 12:00am
Minister for in-service training of young doctors

Minister for in-service training of young doctors

Punjab Health Minister, Dr Tahir Ali Javed has directed the health department officials to conduct research in various public health disciplines for the trainers and onward transmission to public health management at district and tehsil levels.
Published 09 Jun, 2005 12:00am
Sindh Institute of Bio-Technology, Genetic Engineering to be set up

Sindh Institute of Bio-Technology, Genetic Engineering to be set up

Sindh Government will set up Sindh Institute of Bio-Technology and Genetic Engineering at Hyderabad at a cost of Rs 1070 million. The establishment of this institute will widen the scope of agriculture research in the province, said Advisor to Sindh Chief
Published 09 Jun, 2005 12:00am
ICCI inks MoU with PSF for S&T research

ICCI inks MoU with PSF for S&T research

Pakistan Science Foundation (PSF) and Islamabad Chamber of Commerce and Industry (ICCI) on Wednesday signed a Memorandum of Understanding for collaboration in research on science and technology concerning industrial sector.
Published 09 Jun, 2005 12:00am
NWFP tribes asked to ensure sectarian cohesion

NWFP tribes asked to ensure sectarian cohesion

Northwest Frontier Pakistan (NWFP) Governor Khalil-ur-Rehman, while stressing the need of maintenance of law and order in the Federally-Administered Tribal Area (Fata), has asked the tribes of Orakzai Agency to ensure sectarian cohesion in their respectiv
Published 09 Jun, 2005 12:00am
PYMA terms budget textile-friendly

PYMA terms budget textile-friendly

The Pakistan Yarn Merchants Association (PYMA) has described the federal budget as textile-friendly. PYMA Chairman Rafiq Ebrahim, in a statement issued here on Wednesday, said the zero-rated sales tax on the entire textile chain and rationalisation of dut
Published 09 Jun, 2005 12:00am
Budget termed beneficial for leather sector

Budget termed beneficial for leather sector

Pakistan Tanners Association Chairman, Khawaja M Yousuf, has urged the Finance Minister to help the leather exporters play their viable role in boosting exports in the present era of tough competition. Expressing his mixed feelings on the impact of the Fe
Published 09 Jun, 2005 12:00am
Moths invade date palm orchards in Khairpur

Moths invade date palm orchards in Khairpur

Date palm orchards in Khairpur district, Sindh, have been invaded by laser date moth damaging the immature fruits. According to a survey conducted by the Agriculture Research, Sindh, the same insects had affected date palm orchards in Khairpur during 1998
Published 09 Jun, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (June 08, 2005).

Published 09 Jun, 2005 12:00am
US Consulate officials visit Smeda

US Consulate officials visit Smeda

The US Consulate Principal Officer Micheal Spangler and Political Advisor Saqibullah Khan on Wednesday visited Small and Medium Entrepreneur Development Authority (Smeda) Office Peshawar. During the visit, Federally Administrated Tribal Area (Fata) Direct
Published 09 Jun, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (June 08, 2005).

Published 09 Jun, 2005 12:00am
Businessmen give mixed reaction on budget

Businessmen give mixed reaction on budget

Businessmen and traders of Hyderabad, Kotri and Nooriabad industrial estates have expressed mixed reaction on the budget for the year 2005-06, presented by Federal State Minister for Finance Umer Ayub Khan. Hyderabad Chamber of Commerce and Industry Presi
Published 09 Jun, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (June 08, 2005).

Published 09 Jun, 2005 12:00am
INTERNATIONAL TENDERS

INTERNATIONAL TENDERS

Export Promotion Bureau has received the following International Tenders from abroad. Interested Pakistani parties dealing in the under mentioned items can obtain further details of Tenders from the addresses given or from EPB Head Quarters and its Region
Published 09 Jun, 2005 12:00am
Course for match referees

Course for match referees

Pakistan Cricket Board (PCB) is conducting a course for match referees from July 5 to 7 here at Gaddafi Stadium. According to a spokesman of PCB, candidates having graduation level, age between 35-50 years, played or umpired first-class cricket for at lea
Published 09 Jun, 2005 12:00am
GC University constructs squash complex

GC University constructs squash complex

A squash complex is being constructed in the GC University, Lahore at an area of 11,000 square feet to upgrade and enhance sports facilities in the varsity at the cost of Rs 14 million. GC University, Lahore students have not only produced Nobel Laureates
Published 09 Jun, 2005 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (June 08, 2005).

Published 09 Jun, 2005 12:00am
Lawyers go on strike today

Lawyers go on strike today

The Punjab Bar Council (PBC) is observing strike on Thursday to protest against the desecration of Holy Quran by American forces. Addressing a press conference, PBC executive committee Chairman Asghar Gill said that action of the American military officia
Published 09 Jun, 2005 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (June 08, 2005).

Published 09 Jun, 2005 12:00am
Deep-sea trawlers: Government to remove hurdles in processing, clearance

Deep-sea trawlers: Government to remove hurdles in processing, clearance

The government will remove all hurdles in processing and clearance of deep-sea fishing vessels to encourage foreign investment and participation of international companies in the fishing sector. This was decided in a meeting regarding delay in processing
Published 09 Jun, 2005 12:00am
Workshop on marine life protection today

Workshop on marine life protection today

Pakistan Atomic Energy Commission (PAEC) will organise a training workshop on marine life protection at Comsats Headquarters here from June 9 to 11. The workshop is being organised in collaboration with IAEA on the application of nuclear techniques for th
Published 09 Jun, 2005 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Wednesday (June 08, 2005).

Published 09 Jun, 2005 12:00am
Punjab budget today

Punjab budget today

The Provincial Finance Minister, Sardar Husnain Dreshak, would present a tax-free Punjab Budget 2005-06 before the Punjab Assembly on Thursday (June 9). According to sources, the expected budget outlay will be of Rs 253 billion. This would represent an in
Published 09 Jun, 2005 12:00am
'Pakistan Steel upgradation vital to optimise output'

'Pakistan Steel upgradation vital to optimise output'

Pakistan Steel (PS) Chairman Lieutenant General Abdul Qayyum said that the upgradation of outdated systems of the organisation is essential to optimise production and face the challenges of quality and price competitiveness in the new international scenar
Published 09 Jun, 2005 12:00am
BMA-PGBI Closing Bell

BMA-PGBI Closing Bell

BMA-PGBI yield went up by 8 basis points, which ended in downward move of its value by 0.21% to close at 94.94. Upward trend in yield to maturities was witnessed in second half of the day when the Central Bank accepted bids of Rs 108 billion in all three
Published 09 Jun, 2005 12:00am
Sindh-PPIB row over Thar power project advertisement

Sindh-PPIB row over Thar power project advertisement

The advertisement for 450 MW integrated coal fired power project and dispute on available quantity of coal in Thar has started a row between the Private Power Infrastructure Broad (PPIB) and Sindh Ministry of Mines and Minerals, both blaming each other fo
Published 09 Jun, 2005 12:00am
BMA-PGBI Closing Bell

BMA-PGBI Closing Bell

BMA-PGBI yield went up by 8 basis points, which ended in downward move of its value by 0.21% to close at 94.94. Upward trend in yield to maturities was witnessed in second half of the day when the Central Bank accepted bids of Rs 108 billion in all three
Published 09 Jun, 2005 12:00am
CDGK to develop forests in various areas

CDGK to develop forests in various areas

The City District Government Karachi (CDGK) has completed a plan for the development of forests in various places in the city. This was stated by City Nazim Naimatullah Khan on Wednesday on the occasion of World Ocean Day with the collaboration of Wild Li
Published 09 Jun, 2005 12:00am
BMA-PGBI Closing Bell

BMA-PGBI Closing Bell

BMA-PGBI yield went up by 8 basis points, which ended in downward move of its value by 0.21% to close at 94.94. Upward trend in yield to maturities was witnessed in second half of the day when the Central Bank accepted bids of Rs 108 billion in all three
Published 09 Jun, 2005 12:00am
Fresh projects for development of coalfields planned

Fresh projects for development of coalfields planned

Sindh department of mines and mineral development has planned to undertake various fresh projects for development of coalfields including new studies for additional blocks in the province during the year 2005-06. "The new studies relate to development of
Published 09 Jun, 2005 12:00am
Habib Bank disburses Rs 12.976 billion in agricultural sector

Habib Bank disburses Rs 12.976 billion in agricultural sector

The Habib Bank Ltd (HBL) has disbursed Rs 12.976 billion in the agricultural sector over the last 10 months of fiscal 2004-05. This amount suggests an 86 percent increase on Rs 6.978 billion disbursements made during the same period last year, and an achi
Published 09 Jun, 2005 12:00am
Power outages main cause of water shortage

Power outages main cause of water shortage

Karachi Water and Sewerage Board officials have said that frequent power breakdowns are the main cause of water shortage in the city and it would continue as long as Karachi Electric Supply Corporation does not ensure regular supply of electricity to KWSB
Published 09 Jun, 2005 12:00am
Al Futtaim Technologies launches operation

Al Futtaim Technologies launches operation

The increased economic activities are indicators of government's strategic and stable policies. Due to these policies entrepreneurs, multinational and domestic private sector are coming forward and choosing this region as a potential business segment for
Published 09 Jun, 2005 12:00am
Karachi Press Club's literary sitting on June 11

Karachi Press Club's literary sitting on June 11

Literary committee of the Karachi Press Club is organising an evening with a young Sindhi poet and critic Chandar Keswani on June 11 at 5 pm. Prominent writer and poet Fahmeeda Riaz will preside the programme, while short story writer and journalists Agha
Published 09 Jun, 2005 12:00am
Foreign investors call on Sindh governor

Foreign investors call on Sindh governor

Sindh Governor Dr Ishratul Ibad Khan on Wednesday said that provision of jobs and alleviation of poverty was on top of government priority list. Talking to delegations of investors of United State of America, Great Britain and United Arab Emirate, who cal
Published 09 Jun, 2005 12:00am
Work on Iran gas line may start in 2006: Aiyar

Work on Iran gas line may start in 2006: Aiyar

Indian Oil Minister Mani Shankar Aiyar has said that the work on Iran-Pakistan-India gas pipeline project can start next year and may be completed in 5 years, at a cost of $5 billion. Speaking at 'meet the press' programme of Karachi Press Club (KPC) on W
Published 09 Jun, 2005 12:00am
Pervaiz meets Burni

Pervaiz meets Burni

Punjab Chief Minister, Chaudhry Pervaiz Elahi meeting Human Rights Activist Ansar Burni here on Wednesday said that a separate institution for the rehabilitation of poor and beggar children will be set up in the province.
Published 09 Jun, 2005 12:00am
CNIC office inaugurated in Orangi

CNIC office inaugurated in Orangi

In order to provide the facility of Computerised National Identity Card (CNIC) to over two million population of Orangi Town Karachi, Advisor to Sindh Chief Minister for Information Salahuddin Haider on Wednesday inaugurated a CNIC Registration Office in
Published 09 Jun, 2005 12:00am
UVAS promoting research in veterinary sciences

UVAS promoting research in veterinary sciences

The University of Veterinary and Animal Sciences (UVAS) Lahore is collaborating with other institutions for promotion of quality education and research in the field of veterinary and animal sciences. Vice Chancellor UVAS, Professor Dr Manzoor Ahmad while
Published 09 Jun, 2005 12:00am
Shaukat lauds private sector initiative in livestock uplift

Shaukat lauds private sector initiative in livestock uplift

Prime Minister Shaukat Aziz on Wednesday lauded a private sector initiative to encourage farmers' investment in livestock development, saying the step will create income generation opportunities and contribute to growth of agro-based industries.
Published 09 Jun, 2005 12:00am
Kasuri leaves for US

Kasuri leaves for US

Foreign Minister Khurshid Kasuri left on Wednesday for United States, a week after Islamabad handed over a top al Qaeda suspect to Washington.
Published 09 Jun, 2005 12:00am
Mukhtaran Mai Crisis Centre to be opened next week

Mukhtaran Mai Crisis Centre to be opened next week

Ministry of Women Development will set up 'Mukhtaran Mai Crisis Center' in Mirwala Multan. Sources told Business Recorder the ministry has allocated Rs 2.5 million yearly budget allocations for the center, which would be a 3-year project. The centr
Published 09 Jun, 2005 12:00am
Rashid submits application to visit Indian occupied Kashmir

Rashid submits application to visit Indian occupied Kashmir

Information Minister Sheikh Rashid Ahmed said on Wednesday that he had submitted his application to the concerned officials to visit the Indian Occupied Kashmir on June 30. "I am going there not in the capacity of a minister, but as an ordinary Kashmiri t
Published 09 Jun, 2005 12:00am
Rangers deployed at PTCL Karachi installations

Rangers deployed at PTCL Karachi installations

Pakistan Rangers, Sindh have been deployed at all important Pakistan Telecommunication Company Limited (PTCL) installations here, a press release issued here on Wednesday said. After continuous failures of negotiations between the PTCL administration and
Published 09 Jun, 2005 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (June 08, 2005).

Published 09 Jun, 2005 12:00am
MCA fails to issue show-cause notices to sugar mills

MCA fails to issue show-cause notices to sugar mills

The Monopoly Control Authority (MCA) has failed to issue show-cause notices within stipulated time to the sugar mill owners, who were part of the cartel fleecing the buyers by fixing sugar prices at its own. Sources told Business Recorder on Wednes
Published 09 Jun, 2005 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (June 08, 2005).
Published 09 Jun, 2005 12:00am
Ban on seafood exports to EU may go by August 1

Ban on seafood exports to EU may go by August 1

The government may lift the self-imposed ban on seafood exports to European Union (EU) with effect from August 1, 2005. This will, however, depend on the development of a separate portion of the Karachi Fish Harbour, to be equipped with modern facilities,
Published 09 Jun, 2005 12:00am
Long-term reforms, good governance to help lower poverty: Ishrat

Long-term reforms, good governance to help lower poverty: Ishrat

The Governor of the State Bank of Pakistan, Dr Ishrat Husain, has said that mere growth can not help in eliminating poverty, but long-term reforms and good governance in civil institutions delivering services to the poor can lead to lowering the poverty l
Published 09 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 Wednesday (June 08, 2005).

Published 09 Jun, 2005 12:00am
Wapda seek Prime Minister's help to recover Rs 87.3 billion dues

Wapda seek Prime Minister's help to recover Rs 87.3 billion dues

The Water and Power Development Authority (Wapda) has sought Prime Minister's help to recover Rs 87.3 billion piled up against the public sector, FATA and AJK during the first ten months of outgoing fiscal, official sources told Business Recorder.
Published 09 Jun, 2005 12:00am
Mango exhibition attracts foreign buyers

Mango exhibition attracts foreign buyers

The mango exhibition here, an annual festival, has attracted a large number of businessmen, traders and prospective buyers from abroad and the interest shown by them in the various mango products on display at the exhibition, promise big orders for mangoe
Published 09 Jun, 2005 12:00am
New penalties on committing sales tax frauds

New penalties on committing sales tax frauds

The Central Board of Revenue (CBR) has widened the scope of sales tax penalty on committing tax frauds and proposed harsh punishments for the sales tax officials involved in such cases. The CBR has substituted section 33 of the Sales Taxt Act, 1990 in lin
Published 09 Jun, 2005 12:00am
'No wheat import this year'

'No wheat import this year'

Pakistan will not import more wheat this year following a bumper domestic harvest that has helped lift domestic stocks to comfortable levels, a senior Pakistani government official said. "We do not anticipate wheat imports this year," Ministry of Food, Ag
Published 09 Jun, 2005 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 Wednesday (June 08, 2005).

Published 09 Jun, 2005 12:00am
CDA board approves 100 percent rise in toll tax

CDA board approves 100 percent rise in toll tax

The Capital Development Authority (CDA) Board has approved 100 per cent increase in the toll tax in the federal capital despite refusal of interior ministry and public representatives. Authority's Chairman Kamran Lashari presided over the Board meeting th
Published 09 Jun, 2005 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 Wednesday (June 08, 2005).

Published 09 Jun, 2005 12:00am
LSE presentation

LSE presentation

The Lahore Stock Exchange (LSE) will be holding an investor education presentation titled "An Overview of the Stock Market' on Monday (June 13) in the auditorium of the exchange. The presentation will be given by Faheem Sardar, head of surveillance and re
Published 09 Jun, 2005 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 Wednesday (June 08, 2005).

Published 09 Jun, 2005 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

The Senate opened its debate on the federal budget Wednesday afternoon on a subdued note, overawed as the house seemed to be was by the persisting rumours in the Capital that Shaukat Aziz had resigned. In the absence of Chairman Muhammadmian Soomro and th
Published 09 Jun, 2005 12:00am