Business Recorder articles from September 2009, page 9

Business Recorder archives from September 2009

Message from Federal Minister for Industries & Production.
September 26, 2009... I feel pleasure to learn that Karachi Chamber of Commerce & Industry (KCCI) is organising export award ceremony on its 50th Anniversary this month. KCCI, being premier and largest Chamber of Pakistan, during the years, remain very active to...

Message from Federal Minister for Commerce.
September 26, 2009... I feel pleasure to know that Karachi Chamber of Commerce & Industry (KCCI) is organising Export Awards Ceremony its 50th Anniversary. During the years, KCCI, being premier and largest Chamber of Pakistan has energetically promoted the trade...

Message from Chief Minister Sindh.
September 26, 2009... It is indeed a matter of great pleasure to know that Karachi Chamber of Commerce & Industry (KCCI) has organised Export Awards Ceremony on its 50th Anniversary. During the years, KCCI, being premier and largest Chamber of Pakistan has acted...

Message from Federal Minister for Finance.
September 26, 2009... It is a pleasure to learn that Karachi Chamber of Commerce & Industry (KCCI), the premier and largest chamber of Pakistan has organised Export Awards Ceremony on its 50th Anniversary. KCCI always remain active to redefine and boost the...

Message from Prime Minister, Islamic Republic of Pakistan.
September 26, 2009... I am pleased to learn that the Karachi Chamber of Commerce & Industry (KCCI) is organising Export Trophy Awards on its 50th anniversary on September 26, 2009. The KCCI, since its establishment in 1959, has been serving the economy of...

Message from Governor of Sindh.
September 26, 2009... I feel immense pleasure to know that Karachi Chamber of Commerce & Industry (KCCI) is organising Export Awards Ceremony on its Golden Jubilee. KCCI, being premier and largest Chamber of Pakistan, during the years, has actively redefined and...

Message from President, Islamic Republic of Pakistan.
September 26, 2009... I am pleased to learn that Karachi Chamber of Commerce & Industry (KCCI), is celebrating its 50th Anniversary this month and organising Export Trophy Award to pay tribute to exporters. KCCI, being premier and largest Chamber of Pakistan has...

Trials to select U-19 football teams today.
September 26, 2009... Byline: RECORDER REPORT A two-day trials to select Under-19 Football teams of Lahore District Football Association and Wohaib Butt Memorial Football Club for coming 20th National Under-19 Football Championship 2009 will be held at Lake Road's...

Zimbabwe tour: Under-19 cricket team's training camp resumes.
September 26, 2009... Byline: RECORDER REPORT The 2nd phase of the training camp of Under-19 Pakistan cricket team for Zimbabwe tour, to be started from September 29, has started at Qadaffi Stadium on Friday. Pakistan Cricket Board (PCB) has already announced a...

Mexicana to become part of oneworld on November 10.
September 26, 2009... Mexico and Central America's leading airline Mexicana will become part of oneworld, the world's leading quality airline alliance, on Tuesday November 10, 2009, offering oneworld's full range of services and benefits from then, says a press...

Scion of Turkey's Ottoman dynasty dies.
September 26, 2009... Ertugrul Osman Osmanoglu, the head of the former ruling family of the Ottoman Empire, has died at the age of 97 in Istanbul, Turkish media reported Friday.Osmanoglu, the grandson of the last Ottoman ruler, Sultan Abdulhamid II, died of kidney...

Mufti Munib's verdict.
September 26, 2009... Byline: M. ALI ZAMIR (BAHAWALPUR) In a meeting of local relics held on September 19 at Masjid Qasim Khan in Peshawar, it was announced that the moon had been sighted at various places of the province and Eid would be held on September 20. The...

NCJP organises one-day training workshop.
September 26, 2009... Byline: RECORDER REPORT The National Commission for Justice and Peace (NCJP) organised a one-day training workshop titled "Community Education for Human Rights" for community leaders at the Centre for Peace and Harmony in Faisalabad. The...

Arrangements finalised for medical entrance test.
September 26, 2009... Byline: RECORDER REPORT Divisional Commissioner Tahir Hussain has said that foolproof security and logistic arrangements have been finalised for smooth conduct of medical entrance test 2009 tomorrow. The entrance test will be conducted at 13...

Pittsburgh weathers downtrodden economy.
September 26, 2009... Byline: MIKE MCCARTHY AND CHRIS CERMAK On the outskirts of Pittsburgh, a few remnants of the Pennsylvania city's bygone rust-belt era are still visible. When reporters pointed out the aging buildings from Pittsburgh's heavy industrial past to...

NFC Award: an historical perspective - II: Too many roadblocks to go around.
September 26, 2009... Byline: BABAR AYAZ Rover's Diary: So even this time drawing a consensus for the 8th National Finance Commission Award is still far from reach. In the first part of the article, we discussed that how difficult it is to resolve the conflicting...

Adam Smith and the contortionist economists.
September 26, 2009... Byline: DR ZAFAR ALTAF I have been an admirer of Adam Smith for the simple reason that he was a Professor of Moral philosophy and his writings seethe with his personality. Probably the influence of Adam Smith has been such as to have lasted...

A world without nuclear weapons.
September 26, 2009... The historic resolution adopted by the UN Security Council, seeking to rid the world of nuclear arms would be widely hailed. So would President Obama's statement dealing with the twin issues of disarmament and non-proliferation. The...

FoDP meeting: two facts need consideration.
September 26, 2009... The Friends of Democratic Pakistan (FoDP) forum held on the sidelines of the opening of the 64th session of the United Nations General Assembly, trilaterally chaired by United States President Barack Obama, British Prime Minister Gordon Brown...

Amid glowing tributes, Benazir Bhutto awarded posthumously.
September 26, 2009... Paying glowing tributes to former prime minister Benazir Bhutto's singular contribution to promotion of democracy and women's rights, an American foundation, The Louise T Blouin Foundation, posthumously conferred its top award on the acclaimed...

NH&MP recover three vehicles from car lifters.
September 26, 2009... National Highways and Motorway Police has recovered three vehicles, one Shahazor pickup and two cars, from the car lifters and arrested one of them. Details received here on Thursday revealed that Motorway Police on the information of Rawalpindi...

World Bank delegation meets Punjab chief secretary to discuss education programme.
September 26, 2009... Byline: RECORDER REPORT A delegation of World Bank met Punjab Chief Secretary Javed Mahmood here on Friday and discussed the Punjab Education Sector Programme. According to an official, the Chief Secretary said the Punjab government was...

By-elections: political activities gaining momentum in Punjab.
September 26, 2009... Byline: RECORDER REPORT With the first phase of by-elections for three vacant National Assembly and two provincial assembly seats has gone off, political activities in Punjab are gaining momentum as different political parties including...

'Zardari does not own any sugar mill in country'.
September 26, 2009... Byline: RECORDER REPORT Farahnaz Ispahani, one of the spokespersons of PPP Co-Chairperson and President Asif Ali Zardari on Friday rejected the impression that the President was responsible for sugar crisis in 2006 saying that "the President...

Violation of rules: 48 insurance companies issued show-cause notices in 2008-09: SECP report.
September 26, 2009... Byline: RECORDER REPORT The Securities and Exchange Commission of Pakistan (SECP) has issued a total of 48 show-cause notices to insurance companies for non-compliance of Companies Ordinance, 1984 and other related rules/regulations during...

LHC restores AFP office-bearers.
September 26, 2009... Byline: RECORDER REPORT The Lahore High Court (LHC) here on Friday restored the office-bearers of Athletic Federation of Pakistan (AFP) to their offices after suspending the order of Pakistan Sports Board (PSB) and issued notices to...

PHC orders release of Egyptian national's wife, children.
September 26, 2009... Byline: RECORDER REPORT Peshawar High Court (PHC) has ordered the release of five members, including an infant, of an Egyptian family from Haripur prison. While head of the family Mohammad Ashraf, suspected brother of al Qaeda leader Aiman...

Partly Facetious: Yes, we are in a different phase of governance.
September 26, 2009... Byline: ANJUM IBRAHIM "So we can all accept that the New York trip was a success for the President and his team." "Kerry-Lugar bill passed and a 1.5 billion dollar injection per annum for development for the next five years is an...

ACCA organising workshop for journalists on September 29.
September 26, 2009... Byline: RECORDER REPORT ACCA Pakistan is organising a workshop for journalists in Lahore on 29 September 2009. The one-day event aimed at enhancing knowledge base of the news reporters from print and electronic media in the areas of...

Provision of healthy atmosphere top priority: Shahbaz.
September 26, 2009... Byline: RECORDER REPORT Punjab Chief Minister, Muhammad Shahbaz Sharif has said that solid waste management and provision of a healthy atmosphere to the people is the priority of the government and effective measures are being taken for this...

Pakistan ranked sixth among iodine-deficient countries: report.
September 26, 2009... Byline: RECORDER REPORT Pakistan has been ranked 6th amongst the countries where iodine deficiency is a serious public health problem. According to a recent research published in Pakistan Journal of Medical Sciences, around 50 million people...

Foreign dignitaries call on Zardari.
September 26, 2009... Amid his back to back engagements in the United States, President Asif Ali Zardari on Thursday held meetings here with the Asian Development Bank (ADB), President, the Nato Secretary General and the UAE Foreign Minister of after the FoDP summit...

PAC to take up RPPs issue in next meeting.
September 26, 2009... Byline: TAHIR AMIN Chairman of the Public Accounts Committee (PAC) of the National Assembly Chaudhry Nisar Ali Khan has said that the issue of rental power plants (RPPs) will be discussed in the forthcoming session of the PAC. He expressed...

Another swine flu case confirmed in Islamabad.
September 26, 2009... Byline: SEHRISH WASIF Another case of Swine Flu was confirmed in the federal capital on Friday. Talking to Business Recorder, spokesman of Pakistan Institute of Medical Sciences (Pims), Dr Waseem Khawaja said that Imran Khan 28 is an engineer...

Clarification.
September 26, 2009... The Ministry of Textile Industry clarifying a news item published in the Business Recorder on September 24, saying "Textile City Project failing to take off due to paucity of funds," has said the total cost of the Textile City Project is Rs 15...

PML-Q 'like-minded' to debate US aid in Parliament.
September 26, 2009... PML-Q like-minded group on Friday vowed to debate the $1.5 billion US aid for Pakistan in the Parliament, saying it was premature to comment over the proposed aid package. "We would ask the government to inform the parliament as to what price we...

US urged to take more steps to strengthen Pakistan's economic base.
September 26, 2009... Byline: RECORDER REPORT Founder Chairman of Pakistan-US Business Council and Vice-President Saarc Chamber of Commerce and Industry Iftikhar Ali Malik on Friday hailed the passage of Kerry-Lugar Bill by the US Senate, and urged the Obama...

Bid to smuggle firearms into Pakistan foiled.
September 26, 2009... Byline: ISHFAQULLAH SHAWL Security forces have foiled an attempt to smuggle a huge quantity of arms and ammunition from Afghanistan to Bajaur agency as they impounded four mules carrying weapons for militants. While 57 militants have...

Promotion of new tax culture for enhancing revenue underlined.
September 26, 2009... Byline: RECORDER REPORT It is essential to promote new tax culture in order to enhance provincial revenue, and also ratio of various taxes should be made market-based so that maximum resources could be collected and used for the welfare of...

NWFP government likely to face tough time from opposition: NWFP Assembly to meet on September 30.
September 26, 2009... Byline: RECORDER REPORT Opposition in the NWFP Assembly Friday vowed to give tough-time to the government in the session of the provincial legislature, convened on 30th September after a period of three months. "The opposition would remind...

Sixth phase of Foundation Assisted Programme soon.
September 26, 2009... Chairman Punjab Education Foundation Raja Muhammad Anwar has said that the sixth phase of Foundation Assisted Programme will start soon. He expressed these views in a meeting at the PEF secretariat. The meeting, attended by the newly appointed...

Pepco resorts to loadshedding to meet shortfall.
September 26, 2009... Byline: RECORER REPORT Pakistan Electric Power Company (Pepco) has resorted to four hours unscheduled loadshedding daily in the provincial capital to meet the electricity shortfall of 2365 MW between the power generation and demand. A...

Distribution of resources: provinces to present their stance in next NFC meeting.
September 26, 2009... Byline: RECORDER REPORT Punjab Finance Minister Tanvir Ashraf Kaira has said that next meeting of National Finance Commission (NFC) will be held on October 12 and 13 at Quetta in which important issues regarding distribution of resources from...

Exempting textile machinery from customs duty hailed.
September 26, 2009... In a joint press release President Karachi Chamber of Commerce and Industry (KCCI) Anjum Nisar and Chairman Textile Processing Mills Association (TPMA), Nisar Sheikhani have hailed the issuance of SRO 809(1)/2009 of September 19, 2009 exempting...

Conference on street children.
September 26, 2009... An international conference on street children will be held in a local hotel from September 28. An announcement here on Friday said the two-day moot would be organised under the auspices of the Azad Foundation- a non-governmental organisation...

SHC additional judges take oath.
September 26, 2009... Ten additional judges of High Court of Sindh (SHC) took oath here on Friday at Committee Room. Chief Justice Sarmad Jalal Osmany administered oath to new judges, Justice Shahid Anwer Bajwa, Justice Rukhsana Ahmed Malik, Justice Ghulam Sarwar...

Phenomenal decline witnessed in seafood prices.
September 26, 2009... Byline: ANWAR KHAN A phenomenal decline in the prices of export quality seafood has been witnessed amid an overwhelming arrival of fish and shrimp at fish harbour, causing huge financial losses to fishermen during last 15 days. "Prices of...

Zero-rating of textile machinery import hailed.
September 26, 2009... The textile sector has largely hailed the zero-rating of textile machinery import and declared it a right step in right direction. The Advisor to Chief Minister Sindh and Vice Chairman, Board of Investment, Zubair Motiwala along with all the...

Dr Sahrai appointed Principal MUCET.
September 26, 2009... Byline: RECORDER REPORT The authorities of the Mehran University of Engineering and Technology, Jamshoro, have appointed Professor Dr Mujeeb Sahrai as a Principal of Mehran University College of Engineering and Technology (MUCET), Khairpur....

MBA entry test on September 27.
September 26, 2009... Byline: RECORDER REPORT The Dean Faculty of Commerce and Business Administration University of Sindh has announced that the entry test for admissions to MBA evening program will be conducted on Sunday, September, 27, 2009 at 9.00 am at IBA...

University of Sindh to organise international conference on October 3.
September 26, 2009... Byline: RECORDER REPORT A two-day international conference on "contribution of Shamsul Ulma Mirza Kalich Beg towards Language, Literature and Society" being organised by Mirza Kalich Baig Chair, University of Sindh, will start from October...

First Year classes to begin next week.
September 26, 2009... The classes of new entrants to First Year of Science Group, at the government sector colleges in Karachi, have commenced while those of Commerce and Humanities groups will begin next week. This was announced by the Directorate of College...

SSC Certificates ready for collection.
September 26, 2009... Board of Secondary Education Karachi on Friday notified Pukka Matric Certificates of SSC Annual and Supplementary Examination 2007 for collection. Certificates of schools of New Karachi, North Nazimabad, Gulberg and Liaquatabad may be collected...

HDS arranges Eid package for the poor in Kashmore.
September 26, 2009... Human Development Society (HDS), an NGO had arranged special Eid Package for the poor in Kashmore and distributed items of daily-use among the poor. According to a press release on Friday, MNA Gul Muhammad Jakhrani PPP leader and HDS Chairman...

PPP-AJK welcomes passage of Kerry-Lugar Bill.
September 26, 2009... Welcoming the passage of Kerry-Lugar Bill by the US Senate, Secretary Information PPP-AJK Muhammad Matloob Inqalabi said on Friday that approval of $1.5 billion a year over the next five years to Pakistan would strengthen its economy. "The...

Approval of Kerry-Lugar Bill Historic: Minister
September 26, 2009... The NWFP Senior Minister Rahimdad Khan on Friday welcomed the approval of Kerry-Lugar bill by US senate and termed it historic. Talking to APP, he said the long awaited approval of Kerry-Lugar bill by US Senate would strengthen Pakistan's...

Secretary (Planning) appointment: officials seek chief minister's intervention.
September 26, 2009... Byline: RECORDER REPORT The appointment of an intermediate ex-army man as chairman of a public private partnership (PPP) unit and provincial Secretary (Planning) has sparked emotions as officials in Sindh's Planning and Development (P&D)...

Firdous hails FoDP commitment to supporting Pakistan.
September 26, 2009... Commitment of Friends of Democratic Pakistan (FoDP) to long-term financial assistance of Pakistan will strengthen its democracy and help in addressing security and economic challenges. This was stated by Federal Minister for Population Welfare...

Gilgit-Baltistan Financing: government approves formation of CCF, GBCF.
September 26, 2009... The Federal Government under Gilgit-Baltistan, Empowerment and Self-Governance Order 2009 has approved formation of Council Consolidated Fund (CCF) and Gilgit-Baltistan Consolidated Fund (GBCF) aiming at managing revenues and different types of...

Non-release of budgetary tranche ebbs cultural activities.
September 26, 2009... Byline: RECORDER REPORT Due to non-release of budgetary tranche to Sindh Cultural Department (SCD), the cultural activities in the province came to a complete halt and the department had postponed cultural shows and exhibitions due to lack of...

HSSC Supplementary Exams from October 3.
September 26, 2009... Higher Secondary School Certificate (HSSC) Supplementary Examination 2009 of the Federal Board of Intermediate and Secondary Education (FBISE) will commence from October 03. The roll number slips of the candidates appearing in the said...

Gondal urges Chief Justice not to visit LHCBA on October 10.
September 26, 2009... Byline: RECORDER REPORT Vice president Lahore High Court Bar Association, Munawar Iqbal Gondal has written a letter to Chief Justice Pakistan (CJP) Iftikhar Muhammad Chaudhry requesting him not to visit LHCBA on October 10 till the final...

Removal of cardiology department's head: Pims doctors threaten to resign en bloc.
September 26, 2009... Byline: ABDUL RASHEED AZAD Doctors of Pakistan Institute of Medical Sciences (Pims) on Friday threatened to tender en bloc resignation if the government stuck to its decision of removing Dr Iqbal Saifullah, head of Cardiology Department, and...

Millers refuse to pay Rs 37 billion cane growers' dues.
September 26, 2009... Byline: AAMIR MAJEED The sugar mills have withheld Rs 37 billion dues of the growers across the country and refused to pay the amount by showing low recovery during crushing seasons from 1998 to 2009. The millers of Punjab have blocked Rs 25...

PPP to contest by-elections in Punjab.
September 26, 2009... Byline: RECORDER REPORT Pakistan People's Party (PPP) Punjab on Friday announced to contest by-elections in Punjab against its coalition partner Pakistan Muslim League-Nawaz (PMLN), saying that the central leadership of the party may review...

'Banks, growers 'real' owners of sugar stocks'.
September 26, 2009... Byline: M RAFIQUE GORAYA The banks and the growers, whose cane procurement receipts (CPRs) have not been encashed, are the real owners of the available sugar stocks in sugar mills and the government has every right to settle it with the banks...

'Politicians involved in sugar crisis should be disqualified'.
September 26, 2009... Byline: RECORDER REPORT Pakistan Tehreek-e-Insaf's Central Information Secretary Omar Sarfaraz Cheema has said that all politicians involved in 2006 and the present sugar crisis should be disqualified and barred from taking part in politics....

Four Major Generals promoted.
September 26, 2009... Byline: RECORDER REPORT Pakistan Army high command has approved the promotion of four major generals to next rank as Lieutenant General and they will assume new ranks after the retirement of four Lieutenant Generals, who are retiring this...

'No plan to deploy US Marines at Consulate Lahore'.
September 26, 2009... Byline: RECODER REPORT Principal Officer Carmela A. Conroy of Consulate of the United States of America who had recently been posted in Lahore here on Friday hosted a dinner for the journalists of the city. On the occasion, mentioning speech...

Asia's biggest food street may be inaugurated on Eid-ul-Azha: Ghauri.
September 26, 2009... Byline: RECORDER REPORT Federal Minister for Ports and Shipping Babar Khan Ghauri on Friday lauded the mutual efforts of PNSC workers and management that, he said, had enabled the Corporation to register a net profit of Rs 2.3 billion during...

Constitutional Reforms: Parliamentary panel finalising recommendations in light of CoD: Naek.
September 26, 2009... Byline: RECORDER REPORT Acting President and Senate Chairman Farooq H Naek on Friday said the Parliamentary Committee on Constitutional Reforms is finalising its recommendations in the light of Charter of Democracy (CoD), signed by Mohtarma...

Zarco case hearing adjourned to September 29.
September 26, 2009... Byline: RECORDER REPORT A special court (on banking offences) on Friday adjourned to September 29 the hearing of an application of Zarco chief Lakht-e-Hussain, seeking review of the court's order wherein he was directed to deposit surety of...

Hinopak will export buses to Middle East and Africa.
September 26, 2009... Hinopak is Pakistan's first automobile company to export its buses to Middle East and African countries in early 1990's and once again Hinopak will soon take a gigantic leap in the international market by starting export of buses to Middle East...

Rs 194 billion under NFC Award: Ghauri urges Sindh government to ensure just distribution of funds.
September 26, 2009... Byline: RECORDER REPORT Federal Minister for Ports and Shipping Babar Khan Ghauri on Friday urged the Sindh government to ensure just distribution of around Rs 194 billion funds, under the forthcoming NFC Award, among cities in the province....

'Inland Revenue Service Group' functioning: draft 'ordinance' sent to Cabinet, Law Divisions.
September 26, 2009... Byline: RECORDER REPORT The Federal Board of Revenue (FBR) has sent the proposed Ordinance on proper functioning and administration of 'Inland Revenue Service Group', covering income tax, sales tax and federal excise officials, to Cabinet...

Supreme Court orders to stop construction of commercial buildings adjacent to Mandir.
September 26, 2009... Byline: ZULFIQAR AHMAD The Supreme Court of Pakistan on Friday directed the District Co-ordination Officer (DCO), Lahore, to immediately stop the construction work on multi-story commercial buildings being built at the site of a Mandir in...

FBR tracing 33,552 non-filer corporate units, entities registered with SECP.
September 26, 2009... Byline: RECORDER REPORT The Federal Board of Revenue (FBR) is tracing 33,552 corporate units and business entities, registered with the Securities and Exchange Commission of Pakistan (SECP), who failed to file their due income tax returns...

FBR collects Rs 2.8 billion under ITS in fiscal year 2008-09.
September 26, 2009... Byline: RECORDER REPORT Federal Board of Revenue (FBR) has collected an amount of Rs 2.8 billion under the Investment Tax Scheme (ITS) for legalisation of hidden and un-declared assets against the projection of only Rs 2 billion in 2008-2009....

FBR collects Rs 2.4 billion WHT at import stage.
September 26, 2009... Byline: RECORDER REPORT The Federal Board of Revenue (FBR) has collected Rs 2.4 billion as withholding tax (WHT) at the import stage against a target of Rs 5 billion during 2008-2009. The FBR analysis of 2008-2009 performance issued on Friday...

First phase of by-elections begins.
September 26, 2009... First phase of by-elections on three National Assembly and two provincial assembly seats began on Friday as candidates stared receive nomination papers. Nomination could be received till September 30. The by-elections will be held on NA-55...

KP Chemical completes PPTA majority shareholding.
September 26, 2009... Byline: RECORDER REPORT KP Chemical Corporation, a subsidiary of the South Korean conglomerate LOTTE, has completed its acquisition of majority shareholding in Pakistan PTA Ltd (PPTA) recently, making it an official member of the LOTTE Group....

Revitalising rural economy: ADB to give $300 million credit to Sindh government.
September 26, 2009... Byline: AFTAB CHANNA The Asian Development Bank (ADB) would pay the second tranche of $300 million to the Sindh government to revitalise the rural economy and bring reforms in governance system and improve the quality of service delivery in...

Analysis of Punjab public financial management: lack of precision reflects poor revenue forecast: ADB.
September 26, 2009... Byline: RECORDER REPORT A key problem leading to the challenges in Punjab is the poor quality of public institutions and lack of accountability, while another problem is the weak revenue mobilisation. In an updated analysis of Punjab Public...

Conflict-affected areas: Multi Donor Trust Fund established.
September 26, 2009... The government of Pakistan and World Bank on Friday announced establishment of a Multi Donor Trust Fund (MDTF), designed to restore infrastructure, services and livelihoods in NWFP, FATA and Balochistan. The conflict in the NWFP and FATA led to...