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Print - 2005-11-10
Pakistan supports Afghanistan for Saarc membership: Kasuri

Pakistan supports Afghanistan for Saarc membership: Kasuri

Foreign Minister Khurshid M Kasuri said here on Wednesday that Pakistan "strongly supports Afghanistan" for admission to the South Asian Association for Regional Co-operation (Saarc) as full-fledged member.
Published 10 Nov, 2005 12:00am
India to release 26 Pakistani prisoners on November 18

India to release 26 Pakistani prisoners on November 18

India will release 26 Pakistani prisoners on November 18 at the Wagah border post as part of efforts by the two countries to speed up the repatriation of people languishing in jails on both sides.
Published 10 Nov, 2005 12:00am
Pakistan protests harassment of diplomat's son in Delhi

Pakistan protests harassment of diplomat's son in Delhi

Pakistan protested to India on Wednesday after the son of a Pakistani embassy worker in India was said to have been kidnapped and bizarrely photographed with three corpses before being released.
Published 10 Nov, 2005 12:00am
Pakistan protests harassment of diplomat's son in Delhi

Pakistan protests harassment of diplomat's son in Delhi

Pakistan protested to India on Wednesday after the son of a Pakistani embassy worker in India was said to have been kidnapped and bizarrely photographed with three corpses before being released.
Published 10 Nov, 2005 12:00am
Musharraf to lead Pakistani team at Islamic Summit

Musharraf to lead Pakistani team at Islamic Summit

President Pervez Musharraf will lead the Pakistan delegation to the Islamic Summit being held in Makkah Al Mukarramah next month. Saudi King Khadim Al Haramain Abdullah Ibn Abdul Aziz would host the Summit along with the current OIC Chairman Ahmed Badawi,
Published 10 Nov, 2005 12:00am
Religious freedoms: Pakistan hails US decision

Religious freedoms: Pakistan hails US decision

The Government of Pakistan on Wednesday welcomed the decision of the United States not to blacklist the Islamic republic as a violator of religious freedoms. "We welcome it. The US decision showed confidence in President Pervez Musharraf's policy of enlig
Published 10 Nov, 2005 12:00am
Religious freedoms: Pakistan hails US decision

Religious freedoms: Pakistan hails US decision

The Government of Pakistan on Wednesday welcomed the decision of the United States not to blacklist the Islamic republic as a violator of religious freedoms. "We welcome it. The US decision showed confidence in President Pervez Musharraf's policy of enlig
Published 10 Nov, 2005 12:00am
Bangladesh confirms participation in donors' conference

Bangladesh confirms participation in donors' conference

Pakistan Foreign Secretary Riaz Mohammad Khan met Bangladeshi Foreign Secretary Hemayetuddin on Wednesday here at the Bangladeshi Foreign Office and discussed the Saarc matters and bilateral relations. Hemayetuddin condoled on loss of life and damage in t
Published 10 Nov, 2005 12:00am
Australia to send medics to quake-hit area

Australia to send medics to quake-hit area

The government of Australia has announced further assistance for the quake victims in Pakistan in view of the warning about the onset of harsh winter conditions. Australia has already provided more than 14 million dollars in assistance.
Published 10 Nov, 2005 12:00am
US donations after quake way below tsunami

US donations after quake way below tsunami

Americans' charitable donations to victims of last month's earthquake in Pakistan are a tiny fraction of the $1.5 billion they gave after December's Asian tsunami, but charity officials say it is more a matter of timing than a lack of compassion.
Published 10 Nov, 2005 12:00am
US donations after quake way below tsunami

US donations after quake way below tsunami

Americans' charitable donations to victims of last month's earthquake in Pakistan are a tiny fraction of the $1.5 billion they gave after December's Asian tsunami, but charity officials say it is more a matter of timing than a lack of compassion.
Published 10 Nov, 2005 12:00am
US presidential team to visit Pakistan shortly

US presidential team to visit Pakistan shortly

President George W. Bush on Wednesday announced that a US presidential delegation will visit Pakistan soon, to assess the damage caused by the massive earthquake of October 8.
Published 10 Nov, 2005 12:00am
Quake: Bush urges world to contribute generously

Quake: Bush urges world to contribute generously

President George W. Bush on Wednesday said that the US was playing a leading role in relief and recovery operation in quake-hit areas in Pakistan and urged the world community to contribute generously in relief efforts.
Published 10 Nov, 2005 12:00am
Quake: Bush urges world to contribute generously

Quake: Bush urges world to contribute generously

President George W. Bush on Wednesday said that the US was playing a leading role in relief and recovery operation in quake-hit areas in Pakistan and urged the world community to contribute generously in relief efforts.
Published 10 Nov, 2005 12:00am
Turkey sends 18 planeload of relief goods

Turkey sends 18 planeload of relief goods

Turkey has sent 15 military and three civilian aircraft containing search and rescue (SAR), medical, Red Crescent personnel and humanitarian aid to the quake-hit people of Pakistan.
Published 10 Nov, 2005 12:00am
Iran's assistance for rehabilitation lauded

Iran's assistance for rehabilitation lauded

Governor Balochistan, Owais Ahmed Ghani Wednesday expressed his profound gratitude to the government and people of Iran for their generous assistance for October 8 quake victims.
Published 10 Nov, 2005 12:00am
Shahid Aziz new NAB chairman

Shahid Aziz new NAB chairman

President General Pervez Musharraf has appointed Lieutenant General Shahid Aziz (Retd) as National Accountability Bureau (NAB) chairman with immediate effect and for a period of four years. The President appointed NAB chairman in exercise of the powers co
Published 10 Nov, 2005 12:00am
Shahid Aziz new NAB chairman

Shahid Aziz new NAB chairman

President General Pervez Musharraf has appointed Lieutenant General Shahid Aziz (Retd) as National Accountability Bureau (NAB) chairman with immediate effect and for a period of four years. The President appointed NAB chairman in exercise of the powers co
Published 10 Nov, 2005 12:00am
GDR issue likely to be finalised this month

GDR issue likely to be finalised this month

Pakistan is looking to raise funds overseas by selling shares of one of its state firms and the details should be finalised by the end of this month, economic adviser and director general of the debt office of the ministry of finance Ashfaque Hasan Khan s
Published 10 Nov, 2005 12:00am
GDR issue likely to be finalised this month

GDR issue likely to be finalised this month

Pakistan is looking to raise funds overseas by selling shares of one of its state firms and the details should be finalised by the end of this month, economic adviser and director general of the debt office of the ministry of finance Ashfaque Hasan Khan s
Published 10 Nov, 2005 12:00am
GDR issue likely to be finalised this month

GDR issue likely to be finalised this month

Pakistan is looking to raise funds overseas by selling shares of one of its state firms and the details should be finalised by the end of this month, economic adviser and director general of the debt office of the ministry of finance Ashfaque Hasan Khan s
Published 10 Nov, 2005 12:00am
GDR issue likely to be finalised this month

GDR issue likely to be finalised this month

Pakistan is looking to raise funds overseas by selling shares of one of its state firms and the details should be finalised by the end of this month, economic adviser and director general of the debt office of the ministry of finance Ashfaque Hasan Khan s
Published 10 Nov, 2005 12:00am
World Bank assures full support for rehabilitation

World Bank assures full support for rehabilitation

Vice President of World Bank Praful Patel on Wednesday assured full co-operation and assistance to Pakistan for rehabilitation and reconstruction work in the damaged areas due to devastated October 8 earthquake.
Published 10 Nov, 2005 12:00am
World Bank assures full support for rehabilitation

World Bank assures full support for rehabilitation

Vice President of World Bank Praful Patel on Wednesday assured full co-operation and assistance to Pakistan for rehabilitation and reconstruction work in the damaged areas due to devastated October 8 earthquake.
Published 10 Nov, 2005 12:00am
World Bank assures full support for rehabilitation

World Bank assures full support for rehabilitation

Vice President of World Bank Praful Patel on Wednesday assured full co-operation and assistance to Pakistan for rehabilitation and reconstruction work in the damaged areas due to devastated October 8 earthquake.
Published 10 Nov, 2005 12:00am
Independent assessment of unregistered retailers soon

Independent assessment of unregistered retailers soon

The Central Board of Revenue (CBR) has decided to conduct "independent assessment" of unregistered retailers of five zero-rated sectors where annual turnover could not be determined to register potential payers.
Published 10 Nov, 2005 12:00am
Independent assessment of unregistered retailers soon

Independent assessment of unregistered retailers soon

The Central Board of Revenue (CBR) has decided to conduct "independent assessment" of unregistered retailers of five zero-rated sectors where annual turnover could not be determined to register potential payers.
Published 10 Nov, 2005 12:00am
Independent assessment of unregistered retailers soon

Independent assessment of unregistered retailers soon

The Central Board of Revenue (CBR) has decided to conduct "independent assessment" of unregistered retailers of five zero-rated sectors where annual turnover could not be determined to register potential payers.
Published 10 Nov, 2005 12:00am
Government and donors fail to develop consensus on quake loss

Government and donors fail to develop consensus on quake loss

The government and international donors on Wednesday failed to develop consensus on total loss of October 8 earthquake and funds required for rehabilitation and reconstruction work during a several hours long meeting.
Published 10 Nov, 2005 12:00am
Government and donors fail to develop consensus on quake loss

Government and donors fail to develop consensus on quake loss

The government and international donors on Wednesday failed to develop consensus on total loss of October 8 earthquake and funds required for rehabilitation and reconstruction work during a several hours long meeting.
Published 10 Nov, 2005 12:00am
Government and donors fail to develop consensus on quake loss

Government and donors fail to develop consensus on quake loss

The government and international donors on Wednesday failed to develop consensus on total loss of October 8 earthquake and funds required for rehabilitation and reconstruction work during a several hours long meeting.
Published 10 Nov, 2005 12:00am
WTO issues discussed with Hong Kong official

WTO issues discussed with Hong Kong official

Hong Kong''s commercial and industrial chief John Tsang held talks with the Minister for Commerce Humayun Akhtar Khan on WTO related issues. He termed the talks held in Geneva as positive, safeguarding their common interests.
Published 10 Nov, 2005 12:00am
WTO issues discussed with Hong Kong official

WTO issues discussed with Hong Kong official

Hong Kong's commercial and industrial chief John Tsang held talks with the Minister for Commerce Humayun Akhtar Khan on WTO related issues. He termed the talks held in Geneva as positive, safeguarding their common interests.
Published 10 Nov, 2005 12:00am
WTO issues discussed with Hong Kong official

WTO issues discussed with Hong Kong official

Hong Kong's commercial and industrial chief John Tsang held talks with the Minister for Commerce Humayun Akhtar Khan on WTO related issues. He termed the talks held in Geneva as positive, safeguarding their common interests.
Published 10 Nov, 2005 12:00am
'Indus Trade Corridor': World Bank sees Rs 35 billion per year financing

'Indus Trade Corridor': World Bank sees Rs 35 billion per year financing

Pakistan is in dire need of financing to the tune of Rs 35 billion per year for 'Indus Trade Corridor' for maintaining the current growth rate of GDP. This was the gist of a working paper prepared by South Asia Energy & Infrastructure Unit of World Bank,
Published 10 Nov, 2005 12:00am
'Indus Trade Corridor': World Bank sees Rs 35 billion per year financing

'Indus Trade Corridor': World Bank sees Rs 35 billion per year financing

Pakistan is in dire need of financing to the tune of Rs 35 billion per year for 'Indus Trade Corridor' for maintaining the current growth rate of GDP. This was the gist of a working paper prepared by South Asia Energy & Infrastructure Unit of World Bank,
Published 10 Nov, 2005 12:00am
UN vehicle in Kandahar attacked

UN vehicle in Kandahar attacked

A bomb targeting aid workers damaged an armoured United Nations vehicle in volatile southern Afghanistan on Wednesday, but no one was hurt in the blast, a government official said.
Published 10 Nov, 2005 12:00am
Saudi Group keen to invest in Pakistan

Saudi Group keen to invest in Pakistan

Khaled Abedlhadi Al-Qahtani, Chairman of the Al-Qahtani Group, on Wednesday called on Prime Minister Shaukat Aziz and apprised him of his group's interest in exploring investment opportunities in Pakistan.
Published 10 Nov, 2005 12:00am
Triple hotel blasts kill 18 in Jordan

Triple hotel blasts kill 18 in Jordan

At least 18 people were killed and dozens wounded in attacks against three hotels in the Jordanian capital Amman on Wednesday night that the authorities said could have been caused by suicide bombers.
Published 10 Nov, 2005 12:00am
Triple hotel blasts kill 18 in Jordan

Triple hotel blasts kill 18 in Jordan

At least 18 people were killed and dozens wounded in attacks against three hotels in the Jordanian capital Amman on Wednesday night that the authorities said could have been caused by suicide bombers.
Published 10 Nov, 2005 12:00am
ECO meets in Kabul to revive trade

ECO meets in Kabul to revive trade

Ten Islamic, mostly Central Asian nations met in Afghanistan on Wednesday to push their aim of slashing tariffs and freeing up trade in the region once spanned by the Silk Road.
Published 10 Nov, 2005 12:00am
ECO meets in Kabul to revive trade

ECO meets in Kabul to revive trade

Ten Islamic, mostly Central Asian nations met in Afghanistan on Wednesday to push their aim of slashing tariffs and freeing up trade in the region once spanned by the Silk Road.
Published 10 Nov, 2005 12:00am
ECO meets in Kabul to revive trade

ECO meets in Kabul to revive trade

Ten Islamic, mostly Central Asian nations met in Afghanistan on Wednesday to push their aim of slashing tariffs and freeing up trade in the region once spanned by the Silk Road.
Published 10 Nov, 2005 12:00am
SBP wants CBR to follow India: sales tax on services sector

SBP wants CBR to follow India: sales tax on services sector

In India, sales tax from services has grown geometrically with 35 times increase since 1995, while it is stagnant, or rather gone down, in Pakistan where services sector contributes over 52 percent of the GDP.
Published 10 Nov, 2005 12:00am
SBP wants CBR to follow India: sales tax on services sector

SBP wants CBR to follow India: sales tax on services sector

In India, sales tax from services has grown geometrically with 35 times increase since 1995, while it is stagnant, or rather gone down, in Pakistan where services sector contributes over 52 percent of the GDP.
Published 10 Nov, 2005 12:00am
SBP wants CBR to follow India: sales tax on services sector

SBP wants CBR to follow India: sales tax on services sector

In India, sales tax from services has grown geometrically with 35 times increase since 1995, while it is stagnant, or rather gone down, in Pakistan where services sector contributes over 52 percent of the GDP.
Published 10 Nov, 2005 12:00am
Second LoC crossing opens; relief exchanged

Second LoC crossing opens; relief exchanged

Pakistan and India on Wednesday exchanged almost identical relief aid for earthquake survivors in a symbolic gesture after opening a second crossing point on the Line of Control.
Published 10 Nov, 2005 12:00am
Second LoC crossing opens; relief exchanged

Second LoC crossing opens; relief exchanged

Pakistan and India on Wednesday exchanged almost identical relief aid for earthquake survivors in a symbolic gesture after opening a second crossing point on the Line of Control.
Published 10 Nov, 2005 12:00am
The Weather

The Weather

The weather report on Wednesday (November 09, 2005) and the forecast for Thursday (November 10, 2005).
Published 10 Nov, 2005 12:00am
Key stock market movements at 1700 GMT on November 09

Key stock market movements at 1700 GMT on November 09

The latest 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 10 Nov, 2005 12:00am
NJLI Managed Fund prices

NJLI Managed Fund prices

New Jubilee Life Insurance Company has announced the offer and bid price per unit for the following funds effective from Thursday, November 10, 2005.

Published 10 Nov, 2005 12:00am
NJLI Managed Fund prices

NJLI Managed Fund prices

New Jubilee Life Insurance Company has announced the offer and bid price per unit for the following funds effective from Thursday, November 10, 2005.

Published 10 Nov, 2005 12:00am
NJLI Managed Fund prices

NJLI Managed Fund prices

New Jubilee Life Insurance Company has announced the offer and bid price per unit for the following funds effective from Thursday, November 10, 2005.

Published 10 Nov, 2005 12:00am
KKI closing rates of currency notes

KKI closing rates of currency notes

Khanani & Kalia International (Pvt) Limited Closing Rates of currency notes on Wednesday (November 09, 2005).

Published 10 Nov, 2005 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Wednesday (November 09, 2005).

Published 10 Nov, 2005 12:00am
MQM resumes relief operations after Prime Minister's assurance

MQM resumes relief operations after Prime Minister's assurance

Muttahida Qaumi Movement (MQM), which had announced suspension of its relief work in earthquake-hit areas of NWFP and Azad Jammu and Kashmir (AJK) early Wednesday following attacks on its camps and firing incidents, resumed their work later in the day aft
Published 10 Nov, 2005 12:00am
Altaf announces winding up of KKF relief camps

Altaf announces winding up of KKF relief camps

In protest against the government's failure to provide protection to the relief activists of Muttahida Qaumi Movement (MQM), Party Founder Leader Altaf Hussain on Wednesday announced winding up all Khidmat-e-Khalq Foundation relief camps in the earthquake
Published 10 Nov, 2005 12:00am
PMA Punjab starts second phase of relief activities

PMA Punjab starts second phase of relief activities

Pakistan Medical Association (PMA) Punjab, Human Care Trust, UK and Hilal-e-Ahmer (UAE) have started second phase of rehabilitation in the quake-hit areas of the country.
Published 10 Nov, 2005 12:00am
Walk to show solidarity with quake-hit victims

Walk to show solidarity with quake-hit victims

Parliamentarian Doctors' Forum (PDF), Society for Health and Development Exchange (SHADE) and Pakistan Medical Society are to hold a joint walk in third week of this month from Punjab Assembly to the Governor's House, to show solidarity with the earthquak
Published 10 Nov, 2005 12:00am
FPCCI's claim to assist quake victims termed bluff

FPCCI's claim to assist quake victims termed bluff

The Federation of Pakistan Chambers of Commerce and Industry's (FPCCI) claim of providing assistance, in cash and kind, to the earthquake affected people, has been described as a "lie and bluff".
Published 10 Nov, 2005 12:00am
US soyabean rust disease moves farther north: USDA

US soyabean rust disease moves farther north: USDA

The yield-cutting soyabean rust fungus was found in North Carolina's Edgecombe County, the farthest north in the United States the fungus has been discovered this year, the US Agriculture Department said Tuesday.
Published 10 Nov, 2005 12:00am
New York cocoa futures bounce back from contract lows

New York cocoa futures bounce back from contract lows

US cocoa futures closed on positive ground on Tuesday, with spread trading and industry buying helping prices rebound from new contract lows recorded earlier in the session, traders said.
Published 10 Nov, 2005 12:00am
MGE wheat higher, CBOT/KCBT set firm tone

MGE wheat higher, CBOT/KCBT set firm tone

Spring wheat futures on the Minneapolis Grain Exchange settled higher on Tuesday, lifted by spillover strength from outside wheat markets, traders said.
Published 10 Nov, 2005 12:00am
New York coffee rises to three-month high

New York coffee rises to three-month high

US coffee futures rose more than 4.0 percent to a three-month high on Tuesday, buoyed by fund buying, bullish technical signals and lingering worries about supply tightness, market sources said.
Published 10 Nov, 2005 12:00am
Comex copper shaves losses

Comex copper shaves losses

US copper futures prices were pressured by rollover activity, profit taking, dollar strength, and official copper sales in China, but tight supplies inspired buying on dips and left the red metal with only moderate losses by the end, traders said on Tuesd
Published 10 Nov, 2005 12:00am
New York gold ends at one-week high

New York gold ends at one-week high

US gold futures bounced to a one-week high at the close on Tuesday, lifted by trade and speculative buying, after the recent shake-out made the metal cheaper for gold bulls, trading sources said.
Published 10 Nov, 2005 12:00am
Tokyo platinum marks record high

Tokyo platinum marks record high

Benchmark Tokyo platinum futures soared to a record high on Wednesday as bullish technicals and the view that brisk global economic growth would keep demand strong prompted active buying by fund operators.
Published 10 Nov, 2005 12:00am
Japan rubber stocks fall

Japan rubber stocks fall

Crude rubber stocks held at private Japanese warehouses fell to 7,500 tonnes as of October 31, the lowest since August 10 when they dropped to a record low of 7,106 tonnes, an industry body said on Wednesday.
Published 10 Nov, 2005 12:00am
Malaysian tin futures dip

Malaysian tin futures dip

Malaysian tin retreated from a recent run-up to end 1.6 percent down on Wednesday after a $100 per tonne fall in London prices sparked selling by Asian producers.
Published 10 Nov, 2005 12:00am
Oil holds below $60 on expected US stock builds

Oil holds below $60 on expected US stock builds

Oil prices steadied below $60 on Wednesday as investors waited for direction on supply and demand in the United States, the world's biggest consumer, from weekly data that is forecast to show rises in crude and fuel stocks.
Published 10 Nov, 2005 12:00am
Copper slightly softer in Asia despite Asarco news

Copper slightly softer in Asia despite Asarco news

Copper prices softened only a touch in Asia on Wednesday, largely shrugging off news of a tentative agreement between bankrupt US copper miner Asarco and workers to end a lengthy strike, traders said.
Published 10 Nov, 2005 12:00am
New York sugar futures easier

New York sugar futures easier

Raw sugar prices drifted to a weaker close on Tuesday as moderate selling by funds and brokers overpowered some scattered trade buying at lower levels, traders said.
Published 10 Nov, 2005 12:00am
Soyabeans firmer on mild rebound, oil supports

Soyabeans firmer on mild rebound, oil supports

Chicago Board of Trade soyabean futures closed higher on Tuesday on a mild technical short-covering bounce after the steep price slide on Monday, traders said.
Published 10 Nov, 2005 12:00am
CBOT rice down

CBOT rice down

Rough rice futures at the Chicago Board of Trade closed lower on Tuesday on spillover technical sales from Monday, traders said. Prices kept within recent ranges, especially after hitting a four-month top on Friday, as the market awaits news.
Published 10 Nov, 2005 12:00am
Asian rubber: Michelin buys tyre-grade

Asian rubber: Michelin buys tyre-grade

France's Michelin bought tyre-grade rubber from Indonesia on Wednesday to take advantage of a price dip blamed on rising supplies in Southeast Asia, dealers said.
Published 10 Nov, 2005 12:00am
World health experts outline bird flu strategy

World health experts outline bird flu strategy

International health experts on Wednesday agreed the outlines of a global strategy to tackle the spread of bird flu that the World Bank has estimated would cost up to $1 billion over three years.
Published 10 Nov, 2005 12:00am
US wholesale inventories exceed forecasts

US wholesale inventories exceed forecasts

Inventories at US wholesalers rose 0.6 percent in September, twice the amount forecast by Wall Street, but stockpiles relative to sales dropped to their lowest level in more than a year, a government report showed on Wednesday.
Published 10 Nov, 2005 12:00am
PepsiCo plans restructuring on costs pressures

PepsiCo plans restructuring on costs pressures

PepsiCo Inc, the world's second-largest soft drink maker, on Wednesday said it plans to cut costs in some of its operations and take a restructuring charge of up to $85 million.
Published 10 Nov, 2005 12:00am
Boeing jet leaves Hong Kong in record flight bid

Boeing jet leaves Hong Kong in record flight bid

A Boeing 777 Worldliner took off from Hong Kong Wednesday in a bid to set the record for the longest flight by a commercial jet, 23 hours to London flying east over North America, a company staffer said.
Published 10 Nov, 2005 12:00am
UK trade gap narrows

UK trade gap narrows

Britain's global goods trade gap narrowed in September, but by less than expected as the oil balance remained in the red for a second straight month, official figures showed on Wednesday.
Published 10 Nov, 2005 12:00am
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