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Print - 2005-08-02
PML-N demands independent Election Commission

PML-N demands independent Election Commission

Muhammad Pervaiz Malik, PML-N Central Secretary Finance, has demanded constitution of a new independent Election Commission for holding fair and free local government polls. While talking to newsmen on ARD's proposed APC here on Monday, Malik said that no
Published 02 Aug, 2005 12:00am
Heavy rains expected in coastal areas

Heavy rains expected in coastal areas

Rain system developed on the Indian coastal city, Mumbai, was heading towards Pakistani coastal areas, which might result in heavy rains in the coastal areas of Sindh within the next 24 hours and medium and heavy rains were also expected in Punjab, NWFP a
Published 02 Aug, 2005 12:00am
'PML to play role in achieving education policy objectives'

'PML to play role in achieving education policy objectives'

Education Wing of Pakistan Muslim League (PML) Punjab will play a major role in achieving the ultimate objectives of the education policies of President General Pervez Musharraf through an organised network of committed educationists. This was stated by R
Published 02 Aug, 2005 12:00am
GCU working to promote quality education

GCU working to promote quality education

Government College University (GCU), Lahore is working to promote market-oriented quality education in line with the modern day requirements to help students in acquiring broad based study of the subjects.
Published 02 Aug, 2005 12:00am
Attractive registration numbers auction on August 3

Attractive registration numbers auction on August 3

An open auction of attractive registration numbers of 'LZV' series will be held here at the district office of Excise & Taxation Department on Wednesday (August 3). According to Rao Shakeel-ur-Rehman, Motor Registering Authority, Lahore, the reserved pric
Published 02 Aug, 2005 12:00am
HEC approves ovarian cancer research project

HEC approves ovarian cancer research project

The Higher Education Commission (HEC) has approved a research project of the University of Health Sciences (UHS), the focus of which will be developing technique for an early diagnosis of 'Ovarian Cancer' in Pakistani women.
Published 02 Aug, 2005 12:00am
Revolutionary steps taken for poverty alleviation: Pervaiz

Revolutionary steps taken for poverty alleviation: Pervaiz

Punjab Chief Minister, Chaudhry Pervaiz Elahi, said the present government has taken a number of revolutionary measures for the elimination of poverty and facilities have been provided to the educational institutions under the Education Sector Reforms Pro
Published 02 Aug, 2005 12:00am
National Assembly session to be held in first week of September

National Assembly session to be held in first week of September

The National Assembly (NA)'s 27th session will be held in the first week of September, an official source said on Monday. The sources told newsmen that the session had been delayed because of the Local Government (LG) elections. "However once the election
Published 02 Aug, 2005 12:00am
Customs laboratory reports to be computerised

Customs laboratory reports to be computerised

The Central Board of Revenue (CBR) has decided to computerise the customs laboratory reports to ensure recovery of duties and taxes on the basis of detection. In a second decision, the CBR is also establishing modern customs laboratories in all major citi
Published 02 Aug, 2005 12:00am
Punjab unveils uplift plan for New Murree Project

Punjab unveils uplift plan for New Murree Project

The Punjab Government has unveiled development plan for much-controversial New Murree Project here on Monday over an area of 4,111 acres of state land reserved forest since British times. At a press briefing, Director General New Murree Project Azmat Ali
Published 02 Aug, 2005 12:00am
Prime Minister to visit Japan and Hong Kong next week

Prime Minister to visit Japan and Hong Kong next week

Prime Minister Shaukat Aziz is to visit Japan and Hong Kong from coming Monday to Saturday for talks with government and business leaders on bilateral economic and trade relations. His visit to Tokyo and Nagoya in Japan will be in response to an invitatio
Published 02 Aug, 2005 12:00am
Government urged to organise exchange of dairy farmers' visits abroad

Government urged to organise exchange of dairy farmers' visits abroad

Sarhad Dairy Farmers Association (SDFA) President Hafiz-ur-Rehman has urged the government to organise exchange of dairy farmers' visits with India, Australia and New Zealand to improve knowledge and expertise of farmers and help them learn modern trends
Published 02 Aug, 2005 12:00am
Over 250,000 file papers for local government polls

Over 250,000 file papers for local government polls

More than 250,000 people have filed their nomination papers for the upcoming local government elections which would be held in two phases on August 16 and 25 while over 600 candidates have been elected unopposed. Local government elections are being held
Published 02 Aug, 2005 12:00am
ARD body to prepare white paper on pre-poll rigging

ARD body to prepare white paper on pre-poll rigging

The Alliance for Restoration of Democracy (ARD) on Monday formed an eight-member committee to draft a white paper, highlighting the 'pre-poll rigging and anti-unconstitutional actions of the government'.
Published 02 Aug, 2005 12:00am
Nuclear CBM talks at New Delhi next week

Nuclear CBM talks at New Delhi next week

Talks on confidence building measures between Pakistan and India on nuclear and conventional fields will be resumed at New Delhi from next Monday. A Foreign Office spokesman recalled here on Monday that Pakistan had proposed strategic restraint regime tha
Published 02 Aug, 2005 12:00am
Punjab to spend Rs 4 billion on labour complexes, hospitals

Punjab to spend Rs 4 billion on labour complexes, hospitals

Punjab government is spending more than Rs 4 billion on the construction of labour complexes and hospitals in various key industrial towns of the province. Official sources told Business Recorder on Monday here that the government has concentrated
Published 02 Aug, 2005 12:00am
Canadian High Commissioner and Korean envoy call on Prime Minister

Canadian High Commissioner and Korean envoy call on Prime Minister

Ms Margaret Huber, High Commissioner of Canada to Pakistan paid a farewell call on Prime Minister Shaukat Aziz. She praised the efforts of the government for bringing about transparency and growth in the economy and added the world appreciates these effor
Published 02 Aug, 2005 12:00am
Hasba Bill aims to provide relief to poor: minister

Hasba Bill aims to provide relief to poor: minister

The NWFP Senior Minister Sirajul Haq has said Hasba Bill was basically aimed to provide relief to the poor and oppressed segments of the society. He told this during an interview with the American Cable News Agency Associated Press Television Network (APT
Published 02 Aug, 2005 12:00am
Over two dams water goes waste during monsoon season

Over two dams water goes waste during monsoon season

During the current monsoon season, water equal to more than two dams went waste due to non-availability of sufficient storage system, Superintendent Engineer Floods, Federal Flood Commission Ahmed Kamal said on Monday.
Published 02 Aug, 2005 12:00am
SAB concerned over free import of food items

SAB concerned over free import of food items

Sindh Abadgar Board (SAB) in a communication to Prime Minister Shaukat Aziz expressed its concern over the government decision allowing free import of food items and appealed the government to reconsider the import policy under which certain agricultural
Published 02 Aug, 2005 12:00am
Sindh Health Institutions' ordinance promulgated

Sindh Health Institutions' ordinance promulgated

Sindh Governor Dr Ishratul Ibad Khan has promulgated the Sindh Health Institutions (Establishment and Management) Ordinance, 2005 and the same will come into force at once, according to an official notification.
Published 02 Aug, 2005 12:00am
Naved Arif new EPB director general Lahore

Naved Arif new EPB director general Lahore

Naved Arif, a senior officer of Commerce & Trade Group, has taken over the charge of Director General Export Promotion Bureau (EPB), Lahore. Arif has replaced Major Haroon Rashid (Retd), a spokesman of EPB said here on Monday.
Published 02 Aug, 2005 12:00am
SHC adjourns hearing of Harkat activists appeals

SHC adjourns hearing of Harkat activists appeals

Sindh High Court on Monday adjourned hearing of appeals filed by activists of banned Harkatul Mujahideen Al-Alami, convicted in US consulate car bombing case, on non appearance of defence counsels.
Published 02 Aug, 2005 12:00am
People advised to abstain from taking high cholesterol food

People advised to abstain from taking high cholesterol food

Health experts have advised people to abstain from taking high cholesterol food items, as it may develop gallstones, apart from posing other health problems including high blood pressure, heart diseases and stroke.
Published 02 Aug, 2005 12:00am
No pressure on Pakistan: Rashid

No pressure on Pakistan: Rashid

Minister for Information and Broadcasting, Sheikh Rashid Ahmed has said that there was no pressure on Pakistan and all the steps were taken for the betterment, safety and future of the country. Talking to private TV, the minister said, whatever step was t
Published 02 Aug, 2005 12:00am
Roads have a direct linkage to economic progress: Ibad

Roads have a direct linkage to economic progress: Ibad

Sindh Governor Dr Ishrat-ul-Ebad Khan has said that roads have a direct linkage to economic progress of any country. "Laying of their network, reducing distances and constructing farm to farm roads is included in the government priorities", he said while
Published 02 Aug, 2005 12:00am
Two-day comprehensive workshop

Two-day comprehensive workshop

College of Management Sciences, PAF-KIET and Business Solutions are jointly organising a two-day comprehensive workshop on "Practical Aspects and Applications of Islamic Banking Systems and Procedures" from Wednesday (August 3) at a local hotel.
Published 02 Aug, 2005 12:00am
'Raise in unskilled workers' wages to hit enterprise pay bill'

'Raise in unskilled workers' wages to hit enterprise pay bill'

A 20 percent increase in minimum wages for unskilled workers may have an incremental effect on the overall pay bill of an enterprise. This was stated by chairman of Industrial Relations Committee of Employers' Federation of Pakistan (EFP) Fasihuddin Siddi
Published 02 Aug, 2005 12:00am
Training course on GIS begins

Training course on GIS begins

The unwise and careless use is depleting the earth resources and technologically advanced human resources are essential to counter the loss.
Published 02 Aug, 2005 12:00am
Cash dividend for PCMF announced

Cash dividend for PCMF announced

The board of directors of Arif Habib Investment Management Limited, fund managers of Pakistan Capital Market Fund (PCMF) and Pakistan Strategic Allocation Fund (PSAF), both closed-end funds, in its meeting on Saturday approved final cash dividend for Paki
Published 02 Aug, 2005 12:00am
Cash dividend for PCMF announced

Cash dividend for PCMF announced

The board of directors of Arif Habib Investment Management Limited, fund managers of Pakistan Capital Market Fund (PCMF) and Pakistan Strategic Allocation Fund (PSAF), both closed-end funds, in its meeting on Saturday approved final cash dividend for Paki
Published 02 Aug, 2005 12:00am
$140 billion African market awaits non-traditional products

$140 billion African market awaits non-traditional products

Pakistan can get big share of more than dollars 140 billion potential market of Africa by switching over to non-traditional products and services sector. "We should penetrate this vast market before others do the same," urged High Commissioner of Pakistan
Published 02 Aug, 2005 12:00am
The Weather

The Weather

The weather report on Monday (August 01) and the forecast for Tuesday (August 02, 2005).
Published 02 Aug, 2005 12:00am
TCP receives bids for 60,200 cotton bales

TCP receives bids for 60,200 cotton bales

Trading Corporation of Pakistan (TCP) on Monday received 31 offers for 60,200 bales of cotton against its tender for sale and export of 82,000 bales. A TCP official said that the corporation has given counter offers to the highest bidders for export as we
Published 02 Aug, 2005 12:00am
Ruet body meeting on August 6

Ruet body meeting on August 6

Meeting of zonal/district Ruet-e-Hilal committee for sighting the moon of Rajab 1426 will be held on Saturday (August 6) at their respective headquarters, it was learnt officially on Monday.
Published 02 Aug, 2005 12:00am
THE RUPEE: firm trend in interbank

THE RUPEE: firm trend in interbank

The rupee maintained a firm posture versus the dollar in the interbank market on Monday, retaining its weekend's level versus the US currency for buying and selling at 59.62 and 59.64, dealers said. Nothing was unusual in the market as there were no big d
Published 02 Aug, 2005 12:00am
'Islam must be presented in positive way'

'Islam must be presented in positive way'

Federal Minister for Religious Affairs Muhammad Ijaz-ul-Haq has said that Muslim should not be apologetic about Islam and should present Islam in a positive way. He was speaking on the book launching ceremony of "Mainay Baghdad Jalte Dekha" written by Pak
Published 02 Aug, 2005 12:00am
THE RUPEE: firm trend in interbank

THE RUPEE: firm trend in interbank

The rupee maintained a firm posture versus the dollar in the interbank market on Monday, retaining its weekend's level versus the US currency for buying and selling at 59.62 and 59.64, dealers said. Nothing was unusual in the market as there were no big d
Published 02 Aug, 2005 12:00am
New York cotton

New York cotton

Monday's closing prices of New York cotton in US cents/lb.

Published 02 Aug, 2005 12:00am
Steps taken to keep prices under control: Maqbool

Steps taken to keep prices under control: Maqbool

Punjab governor Khalid Maqbool has said the government has put in place mechanism to keep prices of essential commodities under control and measures have been taken in this regard to avoid problems for general public.
Published 02 Aug, 2005 12:00am
New York cotton

New York cotton

Monday's closing prices of New York cotton in US cents/lb.

Published 02 Aug, 2005 12:00am
Rs 13 million to promote IT in northern areas approved

Rs 13 million to promote IT in northern areas approved

The government is all set to launch second phase of information technology (IT) awareness project in northern areas (NAs) for promotion of IT in the country. "A sum of Rs 13 million has been approved for the initial phase. The project was handed over to C
Published 02 Aug, 2005 12:00am
Key stock market movements at 1700 GMT on August 01

Key stock market movements at 1700 GMT on August 01

The following table shows the close of key indices on major world stock exchanges and the London closing values of the euro, the Japanese yen, the British pound and gold bullion (previous day's closes in brackets):
Published 02 Aug, 2005 12:00am
Shaukat and Shujaat discuss various matters

Shaukat and Shujaat discuss various matters

Pakistan Muslim League President Chaudhry Shujaat Hussain called on Prime Minister Shaukat Aziz on Monday and discussed various matters including his recent visit to Malaysia, LG polls, party matters and the overall political situation in the country.
Published 02 Aug, 2005 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Monday (August 01, 2005).

Published 02 Aug, 2005 12:00am
UK offers help for laying Karachi-Gwadar rail track

UK offers help for laying Karachi-Gwadar rail track

United Kingdom has offered its services to Pakistan for laying a railway track from Karachi to Gwadar. Deputy High Commissioner of United Kingdom to Pakistan, Hamish Daniel made this offer in a meeting with Minister for Railway, Shamim Haider here Monday.
Published 02 Aug, 2005 12:00am
Board meetings in progress

Board meetings in progress

Board Meetings in Progress of Companies listed on the Karachi Stock Exchange.

Published 02 Aug, 2005 12:00am
UK offers help for laying Karachi-Gwadar rail track

UK offers help for laying Karachi-Gwadar rail track

United Kingdom has offered its services to Pakistan for laying a railway track from Karachi to Gwadar. Deputy High Commissioner of United Kingdom to Pakistan, Hamish Daniel made this offer in a meeting with Minister for Railway, Shamim Haider here Monday.
Published 02 Aug, 2005 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 02 Aug, 2005 12:00am
UK offers help for laying Karachi-Gwadar rail track

UK offers help for laying Karachi-Gwadar rail track

United Kingdom has offered its services to Pakistan for laying a railway track from Karachi to Gwadar. Deputy High Commissioner of United Kingdom to Pakistan, Hamish Daniel made this offer in a meeting with Minister for Railway, Shamim Haider here Monday.
Published 02 Aug, 2005 12:00am
Navy seeks extension of continental shelf

Navy seeks extension of continental shelf

Chief of the Naval Staff, Admiral Shahid Karimullah, has said that Pakistan Navy has been vigorously pursuing the case with the government for extension of continental shelf from 200 to 350 nautical miles for which the claim is to be submitted by May 2009
Published 02 Aug, 2005 12:00am
Big operators keen to handle Gwadar port operations

Big operators keen to handle Gwadar port operations

In response to invitation for expression of interest issued by Gwadar Port Implementation Authority (GPIA) to run operations of Gwadar port on Balochistan coast, renowned international port operators showed interest in handling port operations.
Published 02 Aug, 2005 12:00am
Big operators keen to handle Gwadar port operations

Big operators keen to handle Gwadar port operations

In response to invitation for expression of interest issued by Gwadar Port Implementation Authority (GPIA) to run operations of Gwadar port on Balochistan coast, renowned international port operators showed interest in handling port operations.
Published 02 Aug, 2005 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on Monday (August 01, 2005).

Published 02 Aug, 2005 12:00am
Big operators keen to handle Gwadar port operations

Big operators keen to handle Gwadar port operations

In response to invitation for expression of interest issued by Gwadar Port Implementation Authority (GPIA) to run operations of Gwadar port on Balochistan coast, renowned international port operators showed interest in handling port operations.
Published 02 Aug, 2005 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on Monday (August 01, 2005).

Published 02 Aug, 2005 12:00am
ADB approves technical aid to develop social health project

ADB approves technical aid to develop social health project

Asian Development Bank has approved the provision of technical assistance of $350,000 on a grant basis to Pakistan for the Developing Social Health Insurance Project, which will be completed before February 2006.
Published 02 Aug, 2005 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on Monday (August 01, 2005).

Published 02 Aug, 2005 12:00am
Flood and rain hit major crops in Sindh

Flood and rain hit major crops in Sindh

Flood in the River Indus and heavy rains have badly affected the production of major crops - rice, cotton and sugarcane - in the province. The flood affected areas in Sindh on both side of the Indus where large non-perennial area, known as kutcha area, ha
Published 02 Aug, 2005 12:00am
Flood and rain hit major crops in Sindh

Flood and rain hit major crops in Sindh

Flood in the River Indus and heavy rains have badly affected the production of major crops - rice, cotton and sugarcane - in the province. The flood affected areas in Sindh on both side of the Indus where large non-perennial area, known as kutcha area, ha
Published 02 Aug, 2005 12:00am
Flood and rain hit major crops in Sindh

Flood and rain hit major crops in Sindh

Flood in the River Indus and heavy rains have badly affected the production of major crops - rice, cotton and sugarcane - in the province. The flood affected areas in Sindh on both side of the Indus where large non-perennial area, known as kutcha area, ha
Published 02 Aug, 2005 12:00am
Ministry told to prepare contract workers employment bill

Ministry told to prepare contract workers employment bill

The federal cabinet has directed the Ministry of Labour and Manpower to prepare 'contract workers employment bill' on war footings for protection of labour and implementation of minimum wage law in the country, official sources told Business Recorder <
Published 02 Aug, 2005 12:00am
Ministry told to prepare contract workers employment bill

Ministry told to prepare contract workers employment bill

The federal cabinet has directed the Ministry of Labour and Manpower to prepare 'contract workers employment bill' on war footings for protection of labour and implementation of minimum wage law in the country, official sources told Business Recorder <
Published 02 Aug, 2005 12:00am
Britain to slash troops in Northern Ireland after IRA pledge

Britain to slash troops in Northern Ireland after IRA pledge

Britain unveiled a two-year plan Monday to slash its military presence in Northern Ireland by more than half and soften policing methods in response to the IRA's historic pledge last week to disarm. The announcement, however, outraged hard-line Protestant
Published 02 Aug, 2005 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Monday (August 01, 2005) and Tuesday (August 02, 2005).
Published 02 Aug, 2005 12:00am
Envoys toil in vain on joint Korea nuclear text

Envoys toil in vain on joint Korea nuclear text

Delegates toiled in vain on Monday on the seventh day of North Korean nuclear crisis talks, failing to thrash out a consensus statement laying down even minimal principles for an eventual settlement. "We had vigorous discussions, but we can't say there wa
Published 02 Aug, 2005 12:00am
Riot police, students clash in Nepalese capital

Riot police, students clash in Nepalese capital

Riot police and stone-throwing students demanding the release of jailed colleagues clashed Monday in the Nepalese capital Kathmandu, witnesses said. Police baton-charged a crowd of around 100 demonstrators after they refused an order to disperse, a police
Published 02 Aug, 2005 12:00am
Taiwan to form democratic union with 24 countries

Taiwan to form democratic union with 24 countries

Taiwan, fighting a tough battle against China for diplomatic allies, will form a non-governmental alliance with 24 countries this month to win more international recognition for its democratic achievements.
Published 02 Aug, 2005 12:00am
Equities partially recover on ISE

Equities partially recover on ISE

Equities partially recovered at the Islamabad Stock Exchange (ISE) where bulls returned in the driving seat amid increase in index. The ISE network index showed an improvement of 12.90 points as the price-based indicator moved from 11,214.95 to 11,227.85
Published 02 Aug, 2005 12:00am
Equities partially recover on ISE

Equities partially recover on ISE

Equities partially recovered at the Islamabad Stock Exchange (ISE) where bulls returned in the driving seat amid increase in index. The ISE network index showed an improvement of 12.90 points as the price-based indicator moved from 11,214.95 to 11,227.85
Published 02 Aug, 2005 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (August 01, 2005).

Published 02 Aug, 2005 12:00am
Share values move in tight band on LSE

Share values move in tight band on LSE

Share values moved in a very tight band on Lahore Stock Exchange (LSE), where volume declined alarmingly, reflecting lack of interest from the key players, however, index managed a positive closing, with a slight improvement. The LSE-25 index finished at
Published 02 Aug, 2005 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (August 01, 2005).

Published 02 Aug, 2005 12:00am
Share values move in tight band on LSE

Share values move in tight band on LSE

Share values moved in a very tight band on Lahore Stock Exchange (LSE), where volume declined alarmingly, reflecting lack of interest from the key players, however, index managed a positive closing, with a slight improvement. The LSE-25 index finished at
Published 02 Aug, 2005 12:00am
'Proposed law clashes with Constitution on Hasba Bill'

'Proposed law clashes with Constitution on Hasba Bill'

Opening his case on the Presidential Reference on Hasba Bill enacted by the NWFP legislature, Attorney General Makhdooom Ali Khan told a special bench of the Supreme Court that the proposed law clashed with various provisions of the Constitution was also
Published 02 Aug, 2005 12:00am
World currencies and euro

World currencies and euro

Value of the euro in terms of other world currencies as prevailing in the week ended Monday (August 01, 2005).
Published 02 Aug, 2005 12:00am
'Proposed law clashes with Constitution on Hasba Bill'

'Proposed law clashes with Constitution on Hasba Bill'

Opening his case on the Presidential Reference on Hasba Bill enacted by the NWFP legislature, Attorney General Makhdooom Ali Khan told a special bench of the Supreme Court that the proposed law clashed with various provisions of the Constitution was also
Published 02 Aug, 2005 12:00am
CBR barred from auditing PIA income tax return

CBR barred from auditing PIA income tax return

Federal Tax Ombudsman (FTO) former Justice Munir A. Sheikh has stopped audit of PIA''s income tax return for the year 2003 by the Central Board of Revenue (CBR) due to defective order/notice, as they lacked essentials required by the law. The FTO took thi
Published 02 Aug, 2005 12:00am
CBR barred from auditing PIA income tax return

CBR barred from auditing PIA income tax return

Federal Tax Ombudsman (FTO) former Justice Munir A. Sheikh has stopped audit of PIA's income tax return for the year 2003 by the Central Board of Revenue (CBR) due to defective order/notice, as they lacked essentials required by the law. The FTO took this
Published 02 Aug, 2005 12:00am
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