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May 04, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2005-07-03
Abbas invites militant groups into government

Abbas invites militant groups into government

Palestinian President Mahmoud Abbas has invited militant factions, including the Islamic group Hamas, to join his government before next month's Israeli pullout from the Gaza Strip, a Palestinian Authority official said on Saturday.
Published 03 Jul, 2005 12:00am
Four die in Afghan blast, US seeks missing team

Four die in Afghan blast, US seeks missing team

US-led forces searched mountains in Afghanistan on Saturday for an American unit missing for four days, while a roadside bomb attack on a convoy including UN and US vehicles killed at least four Afghan troops. The blast in the south-eastern province of Pa
Published 03 Jul, 2005 12:00am
57 Taleban suspects freed

57 Taleban suspects freed

Another 57 Afghans detained as Taleban suspects were freed from US military custody on Saturday under an Afghan government reconciliation programme. The men, who had been held at the US military detention centre at Bagram Air Base north of Kabul, were fro
Published 03 Jul, 2005 12:00am
Bush urges Americans to support Iraq campaign

Bush urges Americans to support Iraq campaign

US President George W. Bush sought on Saturday to shore up support for the Iraq war, saying the best way to honour the nation's dead was to "stay in the fight." Bush's approval ratings have fallen to the lowest levels of his presidency in part because of
Published 03 Jul, 2005 12:00am
Live 8 warms up as McCartney rocks London

Live 8 warms up as McCartney rocks London

Paul McCartney and U2's Bono fired up a huge London crowd with "Sergeant Pepper's Lonely Hearts Club Band" on Saturday for the anti-poverty crusade, Live 8, the biggest music event ever staged. Starting the show with the familiar lyrics: "It was 20 years
Published 03 Jul, 2005 12:00am
PLF to observe Black Day on July 5

PLF to observe Black Day on July 5

People Lawyer's Forum (PLF) has announced to observe 'Black Day' on July 5 by holding seminars and protest rallies to register protest against the conviction of Zulfikar Ali Bhutto. The decision was taken in a meeting of the forum held with its president
Published 03 Jul, 2005 12:00am
Hyderabad collectorate surpasses revenue target

Hyderabad collectorate surpasses revenue target

The collectorate of customs, sales tax & central excise, Hyderabad, has surpassed the revenue target by collecting Rs 17,646.78 million, for the financial year 2004-2005, registering an increase of Rs 3,116.84 million.
Published 03 Jul, 2005 12:00am
Bar association denies involvement in filing petition

Bar association denies involvement in filing petition

Northern Areas High Court Bar Association (NAHCBA) has denied being a party in filing the petition against the appointments in NA chief court and asked the Supreme Court to dismiss the petition. A resolution in this regard was passed in a meeting of the N
Published 03 Jul, 2005 12:00am
Rain hampers business activities in Lahore

Rain hampers business activities in Lahore

Provincial metropolis received more rain Saturday morning, which has again flooded the city, and more rain was expected in the next 24 hours. According to the meteorological office, at Lahore City and airport, 35mm of rain was recorded, which had kept the
Published 03 Jul, 2005 12:00am
Nuclear scientist 'Nazim' brings about revolution in Shakargarh Tehsil

Nuclear scientist 'Nazim' brings about revolution in Shakargarh Tehsil

Beating swords into plough shears--that is the story of Naimat Ali Javid, the only Ph.D. Nazim until last week when his tenure as Tehsil Nazim of Shakargarh concluded. Before joining politics he was part of Pakistan's nuclear programme. His contribution i
Published 03 Jul, 2005 12:00am
Raise in salaries, pensions notified

Raise in salaries, pensions notified

The government on Saturday notified increase in salaries and pensions of federal government employees, with revision in basic pay scales and allowances, to be effective from July 1. The notification is in line with the increase in salaries and pensions of
Published 03 Jul, 2005 12:00am
SBP appoints primary dealers

SBP appoints primary dealers

The State Bank of Pakistan (SBP) on Saturday announced the appointment of 14 banks and brokerage houses to act as Primary Dealers for the financial year 2005-06. The SBP Exchange & Debt Management Department through EDMD Circular No 9 addressed to banks,
Published 03 Jul, 2005 12:00am
Services Hospital Emergency Ward being expanded

Services Hospital Emergency Ward being expanded

On the directions of Chief Minister Punjab, Trauma Center/Emergency Ward of the Services Hospital is being expanded for the provision of state-of-the-art medical facilities to the patients at a cost of Rs 25 million. Three more operation theatres are unde
Published 03 Jul, 2005 12:00am
Musharraf's achievements lauded

Musharraf's achievements lauded

State Minister for Sports, Culture, and Youth Affairs Mohammad Ali Durrani said here on Saturday that President Pervez Musharraf has vowed to provide equal opportunities to all. Addressing a public gathering at the "President Musharraf Zindabad Convention
Published 03 Jul, 2005 12:00am
Anti-flood measures taken

Anti-flood measures taken

Sialkot district administration has finalised necessary measures to cope with any eventuality during the monsoon season, official sources told Business Recorder here on Saturday that Sialkot district has been divided into 12 sectors and 30 sub-sect
Published 03 Jul, 2005 12:00am
Hoti calls for APC to help flood victims

Hoti calls for APC to help flood victims

Chief of Pakistan Peoples Party's Hoti Group, Azam Khan Hoti said the damages due to monsoon flood was an eye opener for those who were favouring the controversial project of Kalabagh Dam. While criticising such groups, he said his party would convene an
Published 03 Jul, 2005 12:00am
Early completion of Site water treatment projects demanded

Early completion of Site water treatment projects demanded

Industrialists of Site industrial area have urged the government for early completion of 'Common Effluent Treatment Plant (CETP) at Hawkes Bay', 'Domestic Effluent Treatment Plant (Gutter Baghicha)', and existing sub-soil water scheme upgradation.
Published 03 Jul, 2005 12:00am
POF starts producing textile spares

POF starts producing textile spares

Pakistan Ordnance Factory (POF) Wah Cantt has decided to exploit its surplus engineering potential for the overall industrial development of the country in line with vision of President General Pervez Musharraf. This was stated by Major General Muhammad J
Published 03 Jul, 2005 12:00am
Minimum deterrence at all costs: Sultan

Minimum deterrence at all costs: Sultan

Inter Services Public Relations (ISPR) Director General Major General Shaukat Sultan has said Pakistan would maintain its minimum deterrence to keep balance of power in the region. Talking to a private TV channel, he said Pakistan has stated though it wou
Published 03 Jul, 2005 12:00am
Latest agronomic, cultural techniques can improve sugarcane yield

Latest agronomic, cultural techniques can improve sugarcane yield

Sugar technologists have demanded that per acre yield of sugarcane should be improved by providing necessary inputs at the right time by adopting latest agronomic and cultural techniques, and deep ploughing of the land should be given top priority.
Published 03 Jul, 2005 12:00am
Radio China team visits PBC Peshawar

Radio China team visits PBC Peshawar

A delegation of Radio China International visited the Pakistan Broadcasting Corporation (PBC) House Peshawar on Saturday. The delegation went around different sections and studios of the Broadcasting House and took keen interest in programme broadcast fro
Published 03 Jul, 2005 12:00am
Lesco restores power supply

Lesco restores power supply

The special mobile technical teams of Lahore Electric Supply Company (Lesco) has restored power supply completely through 134 affected feeders during morning rain in the provincial metropolis on Saturday. Lesco Chief Executive Engineer Muhammad Akram Arai
Published 03 Jul, 2005 12:00am
PTEA urges government to lower rate of export finance

PTEA urges government to lower rate of export finance

Costly export finance would undermine the benefits of zero rating and other incentives for export promotion launched by the government in the recent budget. Coupled with hike in shipping freight and trade tariff barriers, the burden on Pakistan's textile
Published 03 Jul, 2005 12:00am
Submarine cable repair to complete in two days: PTCL

Submarine cable repair to complete in two days: PTCL

Pakistan telecommunication Company Limited (PTCL) Senior Executive Vice President (Operations) Shakoor Hussain on Saturday expressed hope that submarine optic fiber cable problems would be rectified with in two days. Speaking in PTV programme 'News Mornin
Published 03 Jul, 2005 12:00am
Education complex to be set up in Peshawar

Education complex to be set up in Peshawar

As many as 25,000 students will learn at a time in the proposed education complex (EC) from class first to intermediate level education under with equal education facilities and environment. Initially, the government has started work on its designing afte
Published 03 Jul, 2005 12:00am
'Government striving to resolve minorities' problems'

'Government striving to resolve minorities' problems'

National Assembly (NA) Speaker Chaudhry Amir Hussain has said the government was making strenuous efforts for resolving the problems being faced by the minorities living in the country on top priority basis. Addressing women workers of the Pakistan Muslim
Published 03 Jul, 2005 12:00am
Japan Inc wakes up to need for "woman power"

Japan Inc wakes up to need for "woman power"

The United States has Condoleezza Rice and former high-profile CEO Carly Fiorina, China has Vice Premier Wu Yi and steel magnate Xie Qihua, and Japan has ... Kazuko Hosoki, a celebrity fortune teller. Ask Japanese to name the most powerful woman in the la
Published 03 Jul, 2005 12:00am
Female workers at petrol pumps

Female workers at petrol pumps

Rubina Kausar's rejoined of 10th June to Mumtaz Hussain's letter regarding the above subject made a lot of sense. Mumtaz Hussain's replay to her on 16th June smacked of ignorance and lacked correct perception of the Islamic way of life.
Published 03 Jul, 2005 12:00am
Good governance

Good governance

The oft-proclaimed good governance can at best be described as garrulous. The deteriorating law and order situation caused by rampant target killing, bomb blasts, rocket attacks on pylons, press, pipelines and CM's residence are the cold facts that give l
Published 03 Jul, 2005 12:00am
Chongqing, China's western metropolis, balances on economic tightrope

Chongqing, China's western metropolis, balances on economic tightrope

This far upstream the brown water of the Yangtze seems to be hardly moving at all, but on the banks of the river a city the size of a small European country is frantically remaking itself. Chongqing, 1,000 kilometers (625 miles) inland, is taking advantag
Published 03 Jul, 2005 12:00am
'Research failure' at KSE, need for SECP reforms

'Research failure' at KSE, need for SECP reforms

In my recent article, published in a fortnightly business magazine, I focused on lack of quality research in the financial sector of Pakistan. The article got frowns from some, whose examples I had drawn in order to prove my hypothesis. I think I should a
Published 03 Jul, 2005 12:00am
Grappling with the land mafia

Grappling with the land mafia

Commendably for it, the government has finally decided to deal with the menace of land mafia. Prime Minister Shaukat Aziz told a lawyers' delegation on Monday that the Illegal Disposition Act, 2005, which has already been approved by Parliament, will be i
Published 03 Jul, 2005 12:00am
The increasing role of NGOs

The increasing role of NGOs

According to a report presented to the National Assembly Standing Committee on Social Welfare, Pakistan Baitul Mal has provided Rs 89.48 million to non-government organisations (NGOs) involved in health and special education sectors. There is little doubt
Published 03 Jul, 2005 12:00am
Transfer and posting

Transfer and posting

Sindh government has posted Syed Naseem Shah (BS-18) (OFWM), awaiting posting as Executive District Officer Agriculture, Thatta, in his own pay and scale vice Mubeen Sehto transferred and directed to report to Agriculture Department, an official handout s
Published 03 Jul, 2005 12:00am
Tanners criticise POL price hike

Tanners criticise POL price hike

Chairman, Pakistan Tanners Association Khawaja M Yousuf in a press statement, expressed deep concern over repeated increase in the prices of petrol, petroleum products and gas effective from 1st July, which has been termed a mini budget. He criticised the
Published 03 Jul, 2005 12:00am
CDGK plans to clean drains before rains

CDGK plans to clean drains before rains

A crash programme has been chalked out for maximum cleaning of storm water drains before the start of monsoon rains. The programme will cost Rs five million, the City District Government Karachi (CDGK) Caretaker Fazlur Rehman told journalists at a briefin
Published 03 Jul, 2005 12:00am
Commuters call for restoration of UTS route

Commuters call for restoration of UTS route

Sudden disappearance of urban transport system buses (UTS-8) has created great inconvenience and resentment amongst the large number of commuters en route Pakistan Steel Township (Bin Qasim) to Dockyard and Keamari. They have demanded immediate restoratio
Published 03 Jul, 2005 12:00am
Efforts being made for fair LB polls: adviser

Efforts being made for fair LB polls: adviser

The Adviser to Sindh Chief Minister on Information Salahuddin Haider informed he would submit proposal before the provincial cabinet to help poor journalists by providing jobs to their children and also fix quota for journalists in residential colonies.
Published 03 Jul, 2005 12:00am
PTCL deal termed a good omen for privatisation

PTCL deal termed a good omen for privatisation

The recently concluded privatisation of Pakistan Telecommunication Company Limited (PTCL) and acquiring its 26 percent shares and management control by Etisalat of the United Arab Emirates (UAE) has brought good tidings to the privatisation process. The c
Published 03 Jul, 2005 12:00am
Cerebral malaria kills two in Badin

Cerebral malaria kills two in Badin

Two children died of cerebral malaria while four others of same family were suffering from the disease at Goth Wasayo Bajira near here in Badin. According to reports received on Saturday, two real brothers Zahid Hussain (9) and Maula Bakhsh (7 months) die
Published 03 Jul, 2005 12:00am
Probe into education project irregularities ordered

Probe into education project irregularities ordered

Sindh Minister for Education and Literacy Dr Hamida Khuhro has on Saturday ordered inquiry into the alleged financial irregularities in Girls Primary Education Development Project (GPEDP) II and Deeni Madaris Project and asked for reports immediately.
Published 03 Jul, 2005 12:00am
Attempts to disturb LB polls schedule to be foiled: Ibad

Attempts to disturb LB polls schedule to be foiled: Ibad

Sindh Governor Dr Ishratul Ibad Khan has said that rumour mongering about local bodies elections would be dealt with effectively and the government would foil all attempts to disturb the schedule. He was talking to members of a delegation of Karachi Chamb
Published 03 Jul, 2005 12:00am
New Intel platforms for PCs introduced

New Intel platforms for PCs introduced

Intel Pakistan on Saturday introduced two new 'platforms' for home and office PCs at Intel's Technology Showcase event. The new platforms combine latest microprocessors, chipsets, communications silicon, software technologies, as well as several chip desi
Published 03 Jul, 2005 12:00am
Thousands of phones go out of order

Thousands of phones go out of order

Thousands of telephones went out of order when a fault suddenly hit the Garden Exchange on Saturday afternoon. According to detail, a PTCL underground chamber caught fire when some one threw garbage in it due to missing chamber cap. The fire burnt cables
Published 03 Jul, 2005 12:00am
Karachi LTU surpasses revenue target

Karachi LTU surpasses revenue target

The revenue collection of direct taxes by Large Taxpayers Unit, Karachi for the fiscal year 2004-2005 surpassed its allocated budgetary target. The organisation collected over Rs 35 billion as against the target of Rs 27.90 billion assigned last year whic
Published 03 Jul, 2005 12:00am
Experts stress early prevention of heart diseases

Experts stress early prevention of heart diseases

"Coronary artery disease is spreading like an epidemic in our population. The treatment is very costly and majority of our population cannot afford it. Efforts, therefore, should be made towards preventing this disease." This was stated by Dr Fateh Ali Ti
Published 03 Jul, 2005 12:00am
Need stressed to adopt standards, grading process for mango export

Need stressed to adopt standards, grading process for mango export

Export of unripe mangoes is rapidly eroding the long established image of this fruit abroad because of delay in implementation of standards of this item which ensure proper quality, weight and maturity of the fruit. The export of immature mangoes without
Published 03 Jul, 2005 12:00am
Plgmea seeks level-playing field

Plgmea seeks level-playing field

Pakistan Leather Garments Manufacturers and Exporters Association (Plgmea) has requested the government to look into various factors that are hindering trade to compete with China and India and are necessary for the survival of leather garments and goods
Published 03 Jul, 2005 12:00am
Cop killed in accident

Cop killed in accident

Duty officer of Khokra par police station, sub-inspector Qazi Nasir was killed while his two friends were seriously injured in an accident at Baloch Colony Express way on Saturday.
Published 03 Jul, 2005 12:00am
DHA budget approved

DHA budget approved

A special meeting of DHA Executive Board, chaired by Corps Commander 5 Corps and President Executive Board DHA Lieutenant General Syed Athar Ali was held at Defence Housing Authority's Main Office, here on Saturday. The Executive Board approved the Develo
Published 03 Jul, 2005 12:00am
Body to be formed to check illegal sale of plots

Body to be formed to check illegal sale of plots

The federal government has decided to constitute a high-level committee on co-operative housing societies to be headed by Housing and Works Minister, Syed Safwanullah to check unauthorised sale of plots across the country by several housing societies.
Published 03 Jul, 2005 12:00am
Pakistan and China enjoy strategic relations: Prime Minister

Pakistan and China enjoy strategic relations: Prime Minister

Prime Minister Shaukat Aziz has said that Pakistan and China enjoyed strategic relations sharing common positions on various issues. Talking to Chinese Vice Foreign Minister, Wu Dawei who called on him at Prime Minister house Saturday, he said that Pakist
Published 03 Jul, 2005 12:00am
Major reshuffle in Punjab excise and taxation department

Major reshuffle in Punjab excise and taxation department

The Punjab government has made a major reshuffle in the provincial excise and taxation department and transferred officers with immediate effect by given them new assignments. According to a notification, the following transfers/postings of excise & taxat
Published 03 Jul, 2005 12:00am
Appointed

Appointed

Professor Dr Said Khan Khalil has been appointed as Vice Chancellor of the NWFP Agricultural University Peshawar for a period of two years with effect from the date he takes over charge of the post. A notification issued from the NWFP government Agricultu
Published 03 Jul, 2005 12:00am
LHCBA body to resolve conflict among members

LHCBA body to resolve conflict among members

A body constituted by the Lahore High Court Bar Association (LHCBA) to resolve the conflict among the bar members held its meeting here on Saturday. The meeting discussed all the issues relating to conflict among the bar members. It also discussed the mat
Published 03 Jul, 2005 12:00am
Nawaz rules out deal with Musharraf

Nawaz rules out deal with Musharraf

Pakistan Muslim League (PML-N) chief and former prime minister, who lives in exile in Saudi Arabia, Mian Muhammad Nawaz Sharif has said that he would not be entering into any deal with President Pervez Musharraf merely for coming back home. He was address
Published 03 Jul, 2005 12:00am
PIA to operate another flight to China

PIA to operate another flight to China

Pakistan International Airlines will start operating another flight to China on Islamabad-Urumqi route twice a week by the middle of next month. According to sources at PIA, the airline had already set up its office in Urumqi, capital of Xinjiang autonomo
Published 03 Jul, 2005 12:00am
'Reforms to raise tax-GDP ratio by 0.2 percent per annum'

'Reforms to raise tax-GDP ratio by 0.2 percent per annum'

The ongoing tax reforms will facilitate 0.2percent increase in tax-GDP ratio per annum with reduction in compliance cost of taxpayers through efficient tax administration. The Central Board of Revenue CBR would achieve this objective by promoting a paperl
Published 03 Jul, 2005 12:00am
'Government fails to provide relief to poor'

'Government fails to provide relief to poor'

Government's tall claim of achieving growth rate of over 8 percent has not been able to bring about any economic relief to the lives of the poor and deprived them who are struggling for economic survival owing to galloping inflation in the country.
Published 03 Jul, 2005 12:00am
Arrangements for flood relief

Arrangements for flood relief

Islamabad Capital Territory (ICT) administration has finalised arrangements for relief and rescue operations in case of flood situation. These arrangements were reviewed here on Saturday in a meeting chaired by the Deputy Commissioner Tariq Mehmood Pirzad
Published 03 Jul, 2005 12:00am
Kasuri briefs President and Prime Minister about OIC moot

Kasuri briefs President and Prime Minister about OIC moot

President General Pervez Musharraf and Prime Minister Shaukat Aziz attended a meeting here on Saturday to review the regional and international situation and the outcome of their visits abroad. The Foreign Minister Khursheed Mahmood Kasuri gave a detailed
Published 03 Jul, 2005 12:00am
Jatoi says no loadshedding in country

Jatoi says no loadshedding in country

The Minister for Water and Power, Liaquat Ali Jatoi has said that there is no load shedding in any part of the country and we have 1500 MW extra power at present. He stated this while addressing a meeting of the National Assembly Standing Committee on Wat
Published 03 Jul, 2005 12:00am
Japan hosts Kashmir conference

Japan hosts Kashmir conference

A three-day international conference on Kashmir is being held in Japan. The conference "Peace Building and Reconstruction in South Asia: Exploring Development Support to Kashmir" is organised by Stockholm University's Center for Pacific Asia Studies (CPAS
Published 03 Jul, 2005 12:00am
Nine camel kids repatriated to parents

Nine camel kids repatriated to parents

Child Protection and Welfare Bureau (CPWB) Punjab has repatriated nine out of 22 camel kids to their families who had arrived 11 days ago from United Arab Emirates (UAE). Dr Faiza Asghar, Advisor to Punjab Chief Minister, disclosed this during the handing
Published 03 Jul, 2005 12:00am
LCCI and FCCI sign MoU for close collaboration

LCCI and FCCI sign MoU for close collaboration

The Lahore Chamber of Commerce & Industry (LCCI) and Faisalabad Chamber of Commerce & Industry (FCCI) on Saturday signed a memorandum of understanding (MoU) for close collaboration on the issues of vital national importance and to cooperate with each othe
Published 03 Jul, 2005 12:00am
LHC benches for this week

LHC benches for this week

As many as 10 division benches and 25 single benches will work at principal seat of the Lahore High Court (LHC) during the week commencing from Monday, July 4. According to a notification, division benches are headed by Justice Chaudhry Ijaz Ahmed, Justic
Published 03 Jul, 2005 12:00am
Developing states face great risk of stroke

Developing states face great risk of stroke

Dr Shakir Hussain, Honorary Consultant Stroke Neurology and Interventional Neuroradiology, Sir Ganga Ram Hospital, New Delhi, has said that people of developing countries are at greater risk of suffering from stroke due to bad eating habits and unhealthy
Published 03 Jul, 2005 12:00am
SEA-ME-WE-3 fault: PTCL satellite backup satisfactory

SEA-ME-WE-3 fault: PTCL satellite backup satisfactory

Noted Pakistani and Pakistani-American businessmen have said that they had been operating almost normally despite the reported damage caused in the SEA-ME-WE-3 fibre optic internet cable on Monday at the floor of the Arabian Sea, some 50km south of Karach
Published 03 Jul, 2005 12:00am
Heavy rush at banks

Heavy rush at banks

There was a big rush at all the bank branches in the city of Karachi when they reopened for business on Saturday after observing July, 1 as Bank Holiday. Since the working hours, being a Saturday, were short by one hour, the crowds at the commercial bank
Published 03 Jul, 2005 12:00am
Re-audit of district governments accounts demanded

Re-audit of district governments accounts demanded

Adviser to Sindh Chief Minister on Local Government Waseem Akhtar has appealed to the Prime Minister to have the report of Auditor General of Pakistan re-audited as it does not cover the full period of district governments. He was talking to journalists d
Published 03 Jul, 2005 12:00am
LPP's protest

LPP's protest

Labour Party Pakistan (LPP) agitating against hike in prices of gas, petrol, cement and vegetables, will hold a protest in front of Lahore Press Club on July 4. This was revealed in an information of the Party received here on Saturday.
Published 03 Jul, 2005 12:00am
Sewerage problem solution sought

Sewerage problem solution sought

Lahore Township Industries Association (LTIA) has called upon the Chief Minister Punjab, Chaudhry Pervaiz Elahi, to order resolution of sewerage and infrastructure problems being faced by the residents of Township Industrial Area. This demand was raised a
Published 03 Jul, 2005 12:00am
Rs 32.295 million to be spent on fish farming

Rs 32.295 million to be spent on fish farming

Provincial Minister for Agricultural Marketing, Rana Qasim Noon has said that government would spend a total of Rs 32.295 million on various projects of fish farming development. Talking to a number of fish farmers at his office here on Saturday, the mini
Published 03 Jul, 2005 12:00am
NIT declares 33 percent dividend

NIT declares 33 percent dividend

National Investment Trust (NIT) continued its success story and declared a record dividend of 33 percent for the year ended June 30, 2005, following steady restructuring of its portfolio and investment made in high yielding stocks. This was stated by Tari
Published 03 Jul, 2005 12:00am
NIT declares 33 percent dividend

NIT declares 33 percent dividend

National Investment Trust (NIT) continued its success story and declared a record dividend of 33 percent for the year ended June 30, 2005, following steady restructuring of its portfolio and investment made in high yielding stocks. This was stated by Tari
Published 03 Jul, 2005 12:00am
NIT declares 33 percent dividend

NIT declares 33 percent dividend

National Investment Trust (NIT) continued its success story and declared a record dividend of 33 percent for the year ended June 30, 2005, following steady restructuring of its portfolio and investment made in high yielding stocks. This was stated by Tari
Published 03 Jul, 2005 12:00am
River Indus level rising at DI Khan

River Indus level rising at DI Khan

Water level in River Indus at Dera Ismail Khan was rising to a high point as downstream flow from Chashma Barrage has hit alarming 403,000 cusecs. Chashma Barrage executive engineer Malik Manzoor has said water discharge from Chashma was shot up to 403,00
Published 03 Jul, 2005 12:00am
River Indus level rising at DI Khan

River Indus level rising at DI Khan

Water level in River Indus at Dera Ismail Khan was rising to a high point as downstream flow from Chashma Barrage has hit alarming 403,000 cusecs. Chashma Barrage executive engineer Malik Manzoor has said water discharge from Chashma was shot up to 403,00
Published 03 Jul, 2005 12:00am
River Indus level rising at DI Khan

River Indus level rising at DI Khan

Water level in River Indus at Dera Ismail Khan was rising to a high point as downstream flow from Chashma Barrage has hit alarming 403,000 cusecs. Chashma Barrage executive engineer Malik Manzoor has said water discharge from Chashma was shot up to 403,00
Published 03 Jul, 2005 12:00am
Ecnec meeting to take up 48 projects for approval

Ecnec meeting to take up 48 projects for approval

The Executive Committee of the National Economic Council (Ecnec) is likely to take up 48 new development projects worth Rs 120.844 billion when it meets here on July 16. The projects are related to transport and communication, mass media, energy, water re
Published 03 Jul, 2005 12:00am
Ecnec meeting to take up 48 projects for approval

Ecnec meeting to take up 48 projects for approval

The Executive Committee of the National Economic Council (Ecnec) is likely to take up 48 new development projects worth Rs 120.844 billion when it meets here on July 16. The projects are related to transport and communication, mass media, energy, water re
Published 03 Jul, 2005 12:00am
Ecnec meeting to take up 48 projects for approval

Ecnec meeting to take up 48 projects for approval

The Executive Committee of the National Economic Council (Ecnec) is likely to take up 48 new development projects worth Rs 120.844 billion when it meets here on July 16. The projects are related to transport and communication, mass media, energy, water re
Published 03 Jul, 2005 12:00am
New criteria for Indians seeking Pakistani visa

New criteria for Indians seeking Pakistani visa

The government has decided to issue new criteria for obtaining Pakistani Visa by Indian nationals. According to a press release, the authorities have issued new criteria for the Indian nationals seeking Pakistani visa, keeping in view the troubles faced b
Published 03 Jul, 2005 12:00am
Six killed in Indian occupied Kashmir

Six killed in Indian occupied Kashmir

Indian occupation troops shot dead six suspected freedom fighters after they crossed into Indian occupied Kashmir, a defence spokesman said on Saturday. The gun battle took place near the Line of Control that divides the state in the Rajouri district, 180
Published 03 Jul, 2005 12:00am
Seafood export 'ban' to be lifted after proper system

Seafood export 'ban' to be lifted after proper system

Federal Secretary of Food, Agriculture and Livestock, Ismail Querashi, has said that the self-imposed ban on export of seafood to European Union (EU) would be lifted once a system ensuring supply of quality raw material of processing and export to EU is e
Published 03 Jul, 2005 12:00am
14 hurt in road accident

14 hurt in road accident

Fourteen Passengers were injured, four of them seriously, when two buses collided head-on at Sahja, eight kilometres from here on Saturday. According to reports a bus which was on way to Sadiq Abad from Faisalabad when reached at Sahja on Rahim Yar Khan r
Published 03 Jul, 2005 12:00am
Oil mills to adopt July-June tax year

Oil mills to adopt July-June tax year

The Central Board of Revenue (CBR) has announced that the taxpayers carrying on business of ''''Oil Milling'''' would operate under normal ''''tax year'''' from July 1 to June 30. Official sources told Business Recorder that the Special Tax Year fr
Published 03 Jul, 2005 12:00am
Oil mills to adopt July-June tax year

Oil mills to adopt July-June tax year

The Central Board of Revenue (CBR) has announced that the taxpayers carrying on business of ''Oil Milling'' would operate under normal ''tax year'' from July 1 to June 30. Official sources told Business Recorder that the Special Tax Year from Septe
Published 03 Jul, 2005 12:00am
Oil mills to adopt July-June tax year

Oil mills to adopt July-June tax year

The Central Board of Revenue (CBR) has announced that the taxpayers carrying on business of 'Oil Milling' would operate under normal 'tax year' from July 1 to June 30. Official sources told Business Recorder that the Special Tax Year from September
Published 03 Jul, 2005 12:00am
Oil mills to adopt July-June tax year

Oil mills to adopt July-June tax year

The Central Board of Revenue (CBR) has announced that the taxpayers carrying on business of 'Oil Milling' would operate under normal 'tax year' from July 1 to June 30. Official sources told Business Recorder that the Special Tax Year from September
Published 03 Jul, 2005 12:00am
Arms race no solution to problems: Prime Minister

Arms race no solution to problems: Prime Minister

Prime Minister Shaukat Aziz said on Saturday Pakistan did not favour arms race in the region as arms race was no solution to the problems. "Pakistan is a peace loving nation. Arms purchases will not reduce poverty in South Asia," the Prime Minister told r
Published 03 Jul, 2005 12:00am
India plans to export sugar to Pakistan

India plans to export sugar to Pakistan

India plans to export sugar to Pakistan to meet its shortage in that country. "With a good monsoon, India is set to get a bumper sugar crop of 175-180 lakh tonnes compared with last year''s 128 lakh tonnes ... we will be able to handle Pakistan''s needs,"
Published 03 Jul, 2005 12:00am
India plans to export sugar to Pakistan

India plans to export sugar to Pakistan

India plans to export sugar to Pakistan to meet its shortage in that country. "With a good monsoon, India is set to get a bumper sugar crop of 175-180 lakh tonnes compared with last year's 128 lakh tonnes ... we will be able to handle Pakistan's needs," s
Published 03 Jul, 2005 12:00am
India plans to export sugar to Pakistan

India plans to export sugar to Pakistan

India plans to export sugar to Pakistan to meet its shortage in that country. "With a good monsoon, India is set to get a bumper sugar crop of 175-180 lakh tonnes compared with last year's 128 lakh tonnes ... we will be able to handle Pakistan's needs," s
Published 03 Jul, 2005 12:00am
Moscow newspaper sold by former Yukos executive

Moscow newspaper sold by former Yukos executive

Leonid Nevzlin, a key figure in the YUKOS oil empire, has sold Russian newspaper Moskovskiye Novosti to an unnamed international media company, a spokeswoman for the paper said on Friday. "The deal was closed this week. The paper was purchased by an inter
Published 03 Jul, 2005 12:00am
Croatia and IMF agree 2005 budget deficit target

Croatia and IMF agree 2005 budget deficit target

Croatia and the International Monetary Fund agreed the former Yugoslav republic's budget deficit target in 2005 at 4.2 percent of gross domestic product, state television reported on Friday. According to Zagreb's IMF stand-by deal, the budget deficit targ
Published 03 Jul, 2005 12:00am
Russian TV channel sold to steel baron and RTL

Russian TV channel sold to steel baron and RTL

The Kremlin strengthened its grip on the media analysts said on Friday as a Russian steel baron and top European broadcaster RTL took over one of Russia's last private television stations. Russia's electricity monopoly Unified Energy System (UES) said Fri
Published 03 Jul, 2005 12:00am
Brazil posts record monthly trade surplus in June

Brazil posts record monthly trade surplus in June

Brazil posted a record monthly trade surplus in June of $4.03 billion, up from $3.8 billion a year earlier, the trade ministry said on Friday, and the trade minister forecast a record surplus for the year. The result boosted the January-to-June trade surp
Published 03 Jul, 2005 12:00am
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