Business Recorder articles from February 2002, page 41

Business Recorder archives from February 2002

350 held in operation against sectarian groups.
February 1, 2002... KARACHI : Some 350 persons have been arrested in the operation against sectarian groups and organisations in Sindh. This was stated by Sindh Home Secretary Brigadier Mukhtar Ahmed (Retd) while addressing a radio news conference on...

Japan External Trade Organisation working to expand trade ties with Pakistan.
February 1, 2002... KARACHI : A two-member delegation of Japanese trade representative led by Director General, Japan External Trade Organisation (Jetro), Ozamu Mizui has recently held a meeting with the Chairman, Export Promotion Bureau (EPB), Tariq Ikram. ...

'Solidarity Day will forcefully project Kashmir issue'.
February 1, 2002... KARACHI : Federal Law and Justice Minister Shahida Jamil has said the observance of Kashmir Solidarity Day on February 5 would help further highlight the Kashmir issue in the comity of nations. In an interview with APP here on Thursday,...

Sukkur Chamber greets Federal Finance Minister.
February 1, 2002... Byline: RECORDER REPORT SUKKUR : Syed Naqeebul Hasnain Musavi, President Sukkur Chamber of Commerce and Industry (SCCI), Shakeel Ahmed Mukhtar, SVP SCCI, Syed Anwaar Ali Jafery, Mirza Iqbal Beg, Secretary SCCI, Khan Munawwar Khan and...

Potowar region has great potential for new olive tree plantations.
February 1, 2002... ISLAMABAD : The Potowar region has great potential for establishing new olive plantation, budding and grafting owing to natural wild olive trees, which are of fruit bearing types, Official sources told APP here on Thursday. Chattar...

Hearing of BMW, Steel Mills cases against Zardari on Friday.
February 1, 2002... RAWALPINDI : The local accountability courts will resume the hearing of BMW and Steel Mills corruption references against Asif Zardari, spouse of the former prime minister Benazir Bhutto, here on Friday. Accountability Court No 3, Judge...

'Parking lot must in commercial plazas'.
February 1, 2002... LAHORE : The Lahore Development Authority (LDA) will not approve the commercial building plans, lacking parking facilities and will make it compulsory for commercial plazas to ensure and parking lots for vehicles. The LDA...

Pakistan Muslim League (Nawaz) to hold meeting on February 5.
February 1, 2002... LAHORE : The Pakistan Muslim League (Nawaz) will meet here on February 5 to express solidarity with Kashmiri brethren. According to PML (Nawaz) sources, party re-organisation at town, zone and union council level will be completed soon...

Fraud of Rs 1.04 billion committed in EOBI, Public Accounts Committee told.
February 1, 2002... Byline: ARIF RANA ISLAMABAD : The ad-hoc Public Accounts Committee (PAC) was informed on Thursday that a former chairman of EOBI, Barkatullah, accepted a pay order of Rs 1.04 billion on behalf of Ceylon Bank without verification, which...

4.9 percent fall in revenue: Over Rs 200 billion collected in seven months.
February 1, 2002... Byline: SOHAIL SARFARAZ ISLAMABAD : The Central Board of Revenue (CBR) has collected Rs 202.56 billion in the first seven months (July-January) of the current financial year, as compared to Rs 213.054 billion in the corresponding period...

State Bank Pakistan notification.
February 1, 2002... Byline: RECORDER REPORT KARACHI : The State Bank of Pakistan (SBP) has slightly changed the rate of remuneration on 20 percent Special Cash Reserve Account (US$) maintained by the banks. According to a release issued by the State...

Hubco-Water and Power Development Authority irritants resolved.
February 1, 2002... Byline: RECORDER REPORT KARACHI : Hub Power Company and Water and Power Development Authority have resolved all the pending irritants related to the power dispute that had remained entangled for over two years. The dispute between...

Banks expected to reduce lending rates: State Bank Pakistan.
February 1, 2002... Byline: RECORDER REPORT KARACHI : The Governor, State Bank of Pakistan (SBP), Dr Ishrat Hussain on Thursday expressed hope that the banks would reduce lending rates in response to the SBP's steps for lowering of interest rates. Dr...

Gambia shows interest to import 150,000 tonnes rice.
February 1, 2002... Byline: RECORDER REPORT ISLAMABAD : Gambia has shown interest to import 150,000 tonnes of Basmati rice and pharmaceutical products form Pakistan, besides establishment of a pharmaceutical plant in Banjul with the help of Pakistani...

International Finance Corporation to provide $30 million to Lasmo Oil.
February 1, 2002... Byline: RECORDER REPORT KARACHI : The International Finance Corporation (IFC) will provide $30 million to LASMO Oil Pakistan Ltd, (LOPL) a subsidiary of LASMO Plc., which was acquired by Italy's ENI SPA in 2001 to develop Pakistan's Bhit...

State Bank stops deposits under National Debt Retirement Program.
February 1, 2002... Byline: RECORDER REPORT KARACHI : The State Bank of Pakistan (SBP) on Thursday decided to stop further deposits under National Debt Retirement Program (NDRP-111), which was started in 1999. The SBP issued a circular inviting...

IFC official says Pakistan economic reforms process impressive.
February 1, 2002... ISLAMABAD : Billing the economic reforms process and economic management in Pakistan as impressive, Peter Woicke, Executive Vice President, IFC said that private sector, an engine of growth is quite towards future economic prospects in the...

Exports to Afghanistan: plan being finalised.
February 1, 2002... Byline: MUSHTAQ GHUMMAN ISLAMABAD : Pakistan is tightening its muscles to allow export of all local goods to Afghanistan except few for which a negative list was being finalised jointly by the Commerce Ministry and Central Board of...

Commerce minister leaves for Cologne.
February 1, 2002... ISLAMABAD : Federal Minister for Commerce, Industries and Production, Abdul Razak Dawood who was in Bangladesh on four-day official visit, has left for Cologne (Germany) to participate in international fair of "INTERJEANS" being held there on...

Inspector/SPO suspended.
February 1, 2002... Byline: RECORDER REPORT ISLAMABAD : During a surprise visit by the Inspector General of (Enf; NH & MP) on Motorways M-2 it was observed that some patrolling officers were absent from their place of duty. Slackness was observed in some...

Chartered accountant fined.
February 1, 2002... Byline: RECORDER REPORT ISLAMABAD : SECP's Enforcement Division has fined Moosa Yousuf Rs 4000 for negligence in performance of his duties. He is a chartered accountant and member of the Institute of Chartered Accountants of Pakistan...

Culture change at Water and Power Development Authority: army chairman admits failure.
February 1, 2002... Byline: RECORDER REPORT LAHORE : Chairman Wapda Lieutenant General Zulfiqar Ali Khan has said that the performance of Wapda has significantly improved, but efforts to change the culture of the organisation would not succeed. While...

Eight die in different incidents.
February 1, 2002... KARACHI : At least eight persons died in separate incidents and one more was injured here Thursday, hospital and police sources said. Maqbool (35) son of Amin, Abdul Rauf (25) son of Ashiq and Azizullah (25) son of Ghulam Qasim were...

$100 million tranche: Asian Development Bank asks government to resolve public grievances.
February 1, 2002... Byline: MUSHTAQ GHUMMAN ISLAMABAD : While considering the miseries of general public, the Asian Development Bank (ADB) has asked Pakistan to appoint a senior officer in every department to resolve grievances, if the latter intends to...

World Bank mission meets Parc chief.
February 1, 2002... Byline: RECORDER REPORT ISLAMABAD : World Bank Development Review Mission, comprising Dr Derek Byerlee, Lead Economist, Dr Safwat Abdel, Dayem, Drainage Advisor and Dr Rashid-ul-Qayum, World Bank Resident Mission, called on Chairman,...

Judges Appointment Case: Supreme Court issues notice to Attorney General.
February 1, 2002... ISLAMABAD : The Supreme Court on Thursday issued notice to Attorney General for February 27 on a petition filed by Supreme Court Bar Association (SCBA) against the recent elevation of judges of Lahore High Court to the apex court. The...

Diesel, furnace oil prices cut.
February 1, 2002... Byline: RECORDER REPORT KARACHI : The oil prices of most of the products remained unchanged while drop was witnessed in Diesel, high sulphur furnace oil and low sulphur furnace oil rates. The Oil Companies Advisory Committee (OCAC)...

EU lifts anti-dumping duty on Pak bed linen imports.
February 1, 2002... Byline: MUZAFFAR QURESHI KARACHI : The European Union (EU) has withdrawn anti-dumping duty at the rate of 6.4 percent on import of bed linen from Pakistan, while the same has been suspended for Egypt. The anti-dumping duty was...

License for first Islamic bank granted.
February 1, 2002... Byline: RECORDER REPORT KARACHI : The State Bank of Pakistan (SBP) on Thursday issued a license for setting up the first Scheduled Islamic Commercial Bank in the country expected to start operations by the end of February 2002. At...