The
54th Independence Day was celebrated with all zeal and fervour by the
nation. The economic package worth Rs200 billion, fundamental reforms
in police system, separation of judiciary from administration,
devolution of power to the grass root level through local government
and decision to privatize some major public sector organizations were
the highlights of the national occasion. President Musharraf has also
given the good news that Pakistan is back on the rails and it can now
look forward for a better future without sword of economic catastrophe
dangling over it. "Nation has the capacity and spirit to rise
again" was the moral boosting compliments paid by President
Pervez Musharraf to the nation.
UBITEC
UBITEC
Instititute of Business & Information Technology has become the
first to offer a Bachelors degree in collaboration with a State
University of USA. The 4-year Bachelors in Computer Sciences (BS) and
Business Administration (BBA) in collaboration with University of
Houston-Clear Lake (UHCL) offers many choices for students. UHCL will
also help UBITEC in developing into a self-standing university by
2003.
STOCK
MARKET
A rescue fund from Rs. 3
billion to 4.5 billion is being created in a week's time to bolster
the Country's depressed stock market. The fund which will be managed
by a committee of experts who will constantly monitor the ups and down
in the bourses and invest in selected scrip to keep the market at its
normal level. The investment will be made through National and Habib
Bank of Pakistan who will be the custodian of the fund.
