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Print - 2006-04-15
Russian steel maker NLMK's net profit may fall

Russian steel maker NLMK's net profit may fall

Russian steel maker NLMK is likely to show a fall in its 2005 net profit with margins dented by lower world steel prices and more expensive raw materials, analysts said.
Published 15 Apr, 2006 12:00am
Russian steel maker NLMK's net profit may fall

Russian steel maker NLMK's net profit may fall

Russian steel maker NLMK is likely to show a fall in its 2005 net profit with margins dented by lower world steel prices and more expensive raw materials, analysts said.
Published 15 Apr, 2006 12:00am
Delta, pilots union reach deal

Delta, pilots union reach deal

Delta Air Lines Inc, which is operating under bankruptcy protection, and the union representing its pilots on Friday said they reached a tentative agreement, potentially averting a strike that could have been fatal to the airline.
Published 15 Apr, 2006 12:00am
Infosys profit up 21 percent

Infosys profit up 21 percent

Infosys Technologies Ltd, India's second-largest software exporter, reported a 21 percent jump in quarterly profit on Friday and forecast better earnings ahead on an outsourcing boom.
Published 15 Apr, 2006 12:00am
Infosys profit up 21 percent

Infosys profit up 21 percent

Infosys Technologies Ltd, India's second-largest software exporter, reported a 21 percent jump in quarterly profit on Friday and forecast better earnings ahead on an outsourcing boom.
Published 15 Apr, 2006 12:00am
Car registrations up in Europe

Car registrations up in Europe

Another solid sales month by Fiat and Volkswagen helped new car registrations in Europe rise 4.1 percent in March to nearly 1.79 million vehicles, industry data showed on Friday.
Published 15 Apr, 2006 12:00am
Samsung Electronics profit slumps

Samsung Electronics profit slumps

Samsung Electronics Co Ltd posted a bigger-than-expected 25 percent slump in quarterly operating profit on Friday, hit by sliding margins in mobile phones and memory chips.
Published 15 Apr, 2006 12:00am
Samsung Electronics profit slumps

Samsung Electronics profit slumps

Samsung Electronics Co Ltd posted a bigger-than-expected 25 percent slump in quarterly operating profit on Friday, hit by sliding margins in mobile phones and memory chips.
Published 15 Apr, 2006 12:00am
China relaxes rules for overseas investment

China relaxes rules for overseas investment

China relaxed its capital controls on Friday to make it much easier for individuals and companies to buy foreign currencies and invest abroad.
Published 15 Apr, 2006 12:00am
Kazakhstan growth slows, inflation at eight-year high

Kazakhstan growth slows, inflation at eight-year high

Kazakhstan's economy grew by an annual 7.6 percent in the first quarter of this year, slower than in the same period of 2005 when gross domestic product rose 9.1 percent, Prime Minister Danial Akhmetov said on Friday.
Published 15 Apr, 2006 12:00am
SEC charges Saudi financier with fraud

SEC charges Saudi financier with fraud

US authorities late Thursday charged Saudi financier Adnan Khashoggi and four others with scheming to defraud brokers out of $130 million by artificially boosting the stock of now-defunct telemarketer GenesisIntermedia Inc.
Published 15 Apr, 2006 12:00am
Russia asks US court to stop Yukos asset sale

Russia asks US court to stop Yukos asset sale

The supervisory manager of crippled Russian oil company Yukos said on Friday he had filed suit in a US bankruptcy court seeking to stop the firm's London-based management selling a Lithuanian refinery.
Published 15 Apr, 2006 12:00am
More arrests in Hyundai Motor graft probe

More arrests in Hyundai Motor graft probe

Prosecutors said Friday they had arrested two Hyundai Motor executives and a former bank official in a widening graft probe of South Korea's number one automaker.
Published 15 Apr, 2006 12:00am
Japan's Aiful punished

Japan's Aiful punished

Japanese financial regulators ordered Aiful Corp, the country's biggest consumer lending firm, on Friday to suspend business at all of its 1,700 outlets for three days as punishment for coercive loan collection methods.
Published 15 Apr, 2006 12:00am
Africa lashes rich nations over WTO talks

Africa lashes rich nations over WTO talks

African countries lambasted rich nations on Friday for failing to show flexibility in global trade negotiations and expressed doubts that a World Trade Organisation (WTO) deadline at the end of April would be met.
Published 15 Apr, 2006 12:00am
Gazprom offers Bulgaria to change gas pact

Gazprom offers Bulgaria to change gas pact

Russian gas giant Gazprom has offered to boost the amount of gas it transits through Bulgaria in exchange for a switch to cash only payments to the Balkan state, a senior Gazprom official said on Friday.
Published 15 Apr, 2006 12:00am
US industrial output rises

US industrial output rises

US industrial production rose 0.6 percent in March, slightly more than expected, as mining and utility output became less volatile and capacity use reached its highest point in 5-1/2 years, the Federal Reserve said on Friday.
Published 15 Apr, 2006 12:00am
JGBs dumped, 10-year yield soars to 5 1/2-year high

JGBs dumped, 10-year yield soars to 5 1/2-year high

The yield on benchmark 10-year Japanese government bonds soared to a 5-1/2-year high on Friday, hoisted by a wave of selling across global bond markets as central banks ratchet up short-term interest rates.
Published 15 Apr, 2006 12:00am
JGBs dumped, 10-year yield soars to 5 1/2-year high

JGBs dumped, 10-year yield soars to 5 1/2-year high

The yield on benchmark 10-year Japanese government bonds soared to a 5-1/2-year high on Friday, hoisted by a wave of selling across global bond markets as central banks ratchet up short-term interest rates.
Published 15 Apr, 2006 12:00am
Taiwan stocks rise to 25-month high

Taiwan stocks rise to 25-month high

Taiwan stocks rose 1.41 percent to a 25-month high on Friday, as signs of improving cross-strait ties bolstered investor hopes of increasing demand for hotels and real estate developers like Cathay Construction.
Published 15 Apr, 2006 12:00am
Seoul shares close 1.92 percent firmer

Seoul shares close 1.92 percent firmer

Seoul shares rose to a record high on Friday on optimism that exporters' profits would recover in the second half, with Samsung Electronics also gaining after its plan to buyback stock offset lacklustre quarterly results.
Published 15 Apr, 2006 12:00am
Malaysian shares surge

Malaysian shares surge

Malaysian share prices closed 0.22 percent higher on Friday in quiet trade as late buying in index-linked stocks helped reverse earlier losses, dealers said.
Published 15 Apr, 2006 12:00am
Chinese shares rally

Chinese shares rally

Chinese shares staged a strong rebound on Friday despite Beijing's final nod to domestic insurers and banks, allowing them to invest in overseas markets, which could lure some capital outside the country.
Published 15 Apr, 2006 12:00am
US corporate bonds spread slightly changed

US corporate bonds spread slightly changed

The US corporate bond market was little changed on Thursday as new issuance paused ahead of the Easter holiday weekend and the secondary market was quiet. The lull in new sales came after a relatively busy week in which around $11 billion of new debt was
Published 15 Apr, 2006 12:00am
US corporate bonds spread slightly changed

US corporate bonds spread slightly changed

The US corporate bond market was little changed on Thursday as new issuance paused ahead of the Easter holiday weekend and the secondary market was quiet. The lull in new sales came after a relatively busy week in which around $11 billion of new debt was
Published 15 Apr, 2006 12:00am
Nikkei rises on Sumitomo Realty, Aiful weighs

Nikkei rises on Sumitomo Realty, Aiful weighs

The Nikkei average rose 0.20 percent on Friday, helped by a rise in Sumitomo Realty & Development Co after a brokerage started coverage with a positive rating, while Fast Retailing Co Ltd gained after lifting its profit forecast.
Published 15 Apr, 2006 12:00am
Chile stocks up

Chile stocks up

Chilean stocks rose on Thursday led by electric utilities. The IPSA blue chip index rose 0.61 percent to 2,150.96 points in a shortened pre-holiday trading session, while the broader IGPA index climbed 0.16 percent to 9,844.34, preliminary closing figures
Published 15 Apr, 2006 12:00am
Indian banks earnings growth to slow as rates rise

Indian banks earnings growth to slow as rates rise

HDFC Bank is set for a quarterly profit rise of 30 percent on strong fee-based income, but most Indian bank results will be little changed as treasury provisions and a squeeze on lending margins offset loan growth.
Published 15 Apr, 2006 12:00am
Forex market views and key levels

Forex market views and key levels

Following is a selection of comments from analysts on important technical developments in the foreign exchange market:
Published 15 Apr, 2006 12:00am
Currency markets bet on small yuan appreciation

Currency markets bet on small yuan appreciation

The first official visit of China's President Hu Jintao to the United States next week is a landmark occasion, but it's causing hardly any ripple in the currency options and forwards market.
Published 15 Apr, 2006 12:00am
Chinese yuan manages weak rebound

Chinese yuan manages weak rebound

China's yuan bounced back from its biggest overnight fall since its revaluation to edge up against the dollar on Friday, but trade was directionless ahead of President Hu Jintao's US visit next week, dealers said.
Published 15 Apr, 2006 12:00am
Dollar marks time in thin Easter trade

Dollar marks time in thin Easter trade

The dollar was little changed on Friday in thin Easter holiday trading, underpinned by expectations the US Federal Reserve will raise interest rates further next month.
Published 15 Apr, 2006 12:00am
Dollar little changed in thin pre-holiday trading

Dollar little changed in thin pre-holiday trading

The dollar was barely moved on Thursday against the euro or yen as activity wound down ahead of a long Easter weekend and traders trimmed positions ahead of a barrage of US economic data due next week.
Published 15 Apr, 2006 12:00am
Canadian dollar drops on manufacturing

Canadian dollar drops on manufacturing

The Canadian dollar fell broadly on Thursday after an unexpected drop in February manufacturing shipments raised questions about the strength of the economy and muddied the outlook for interest rate increases.
Published 15 Apr, 2006 12:00am
South Korean won rises on stock gains

South Korean won rises on stock gains

The South Korean won gained on Friday for the first time in five sessions as Seoul shares hit a record high and exporters sold dollars. Investors also cleared long-dollar positions before potentially market-moving events next week in the United States, an
Published 15 Apr, 2006 12:00am
Taylor seizes PGA tour lead

Taylor seizes PGA tour lead

Vaughn Taylor, trying to put a disappointing Masters behind him, carded an eight-under 63 Thursday for a one-shot lead in the first round of the Verizon Heritage.
Published 15 Apr, 2006 12:00am
England's Lynn swings through pain in China

England's Lynn swings through pain in China

England's David Lynn stormed to a one-shot lead at the halfway stage of the 1.8-million dollar Volvo China Open on Friday, playing through the pain after quick surgery in a back room of the clubhouse.
Published 15 Apr, 2006 12:00am
Dravid defends Sehwag and Kaif

Dravid defends Sehwag and Kaif

Indian captain Rahul Dravid jumped to the defence of non-performing team-mates Virender Sehwag and Mohammad Kaif on Friday, saying their poor form was a passing phase.
Published 15 Apr, 2006 12:00am
Bangladesh fear Aussie backlash

Bangladesh fear Aussie backlash

Three wickets shy of one of cricket's biggest upsets in the opening Test against Australia, Bangladesh face a tough task in the second if they are to overcome the world champions.
Published 15 Apr, 2006 12:00am
Henin-Hardenne advances at Charleston

Henin-Hardenne advances at Charleston

Defending champion Justine Henin-Hardenne made it lucky 13 here on Thursday as she reached the quarter-finals of this 1.34 million-dollar WTA Clay Court Tournament.
Published 15 Apr, 2006 12:00am
Anne Frank's life in letters at Amsterdam museum

Anne Frank's life in letters at Amsterdam museum

A special exhibition of Anne Frank's letters here reveals the fiercely independent spirit of the Jewish girl whose diary of life in hiding in Nazi-occupied Amsterdam made her world famous.
Published 15 Apr, 2006 12:00am
French deputy 'saves' factory with hunger strike

French deputy 'saves' factory with hunger strike

A French parliamentarian on a five-week hunger strike to prevent the closure of a local factory called off his campaign Friday after the government won a pledge from the plant's Japanese owners to protect jobs.
Published 15 Apr, 2006 12:00am
Digging starts on 'Europe's first pyramids' in Bosnia

Digging starts on 'Europe's first pyramids' in Bosnia

Excavation work started north of Sarajevo on Friday on what a Bosnian explorer says are Europe's first pyramids. A group of experts explored the narrow entrance of a 3.8-kilometre (2.3-mile) tunnel believed to lead to one of the two hills resembling pyram
Published 15 Apr, 2006 12:00am
'I will never forget jail', says Salman Khan

'I will never forget jail', says Salman Khan

Chastened Bollywood superstar Salman Khan said he would never forget his three days in an Indian prison after being freed on bail to fight a five-year jail term for poaching.
Published 15 Apr, 2006 12:00am
Romania orders controlled flooding as Danube swells

Romania orders controlled flooding as Danube swells

Romania will submerge thousands of hectares of farmland on the banks of the Danube to prevent the swollen river from flooding villages, Prime Minister Calin Tariceanu said on Friday.
Published 15 Apr, 2006 12:00am
Staff at French paper fight take-over deal

Staff at French paper fight take-over deal

Staff at France Soir - a once-great French newspaper that has been fighting to survive in recent years - demonstrated in Paris on Friday over job cuts planned by the paper's new owners.
Published 15 Apr, 2006 12:00am
Indian air force apologises for upside down flag

Indian air force apologises for upside down flag

The Indian Air Force, plagued by frequent air crashes, apologised Friday for flying the national flag upside down at a meeting of top brass. "Corrective action" was pledged after the flag was displayed upside down on the podium where air chief marshall Sa
Published 15 Apr, 2006 12:00am
Islamic nations have 'duty' to fund Hamas: Iranian official

Islamic nations have 'duty' to fund Hamas: Iranian official

Islamic nations have a "duty" to fill a gap in aid to the Hamas-led Palestinian government, an Iranian official said Friday, as the Islamic republic opened a conference on supporting the Palestinian people.
Published 15 Apr, 2006 12:00am
Bombs kill four at mosques in Baquba

Bombs kill four at mosques in Baquba

At least four worshippers were killed and eight wounded on Friday when two bombs exploded at two Sunni mosques in the Iraqi city of Baquba, police said. The blasts happened just after midday prayers in the city, 65 km (40 miles) north of Baghdad. No furth
Published 15 Apr, 2006 12:00am
US air strike kills 6 Taleban, 3 cops die in blast

US air strike kills 6 Taleban, 3 cops die in blast

Six Taleban guerrillas were killed in an air strike by US-led troops in eastern Afghanistan on Friday after blasts elsewhere in the country killed three policemen and wounded two British troops.
Published 15 Apr, 2006 12:00am
'Zionist regime threat to Islamic world'

'Zionist regime threat to Islamic world'

Iran's president said on Friday that the existence of the "Zionist regime", Iran's term for Israel, was a threat to the Islamic world, days after declaring Iran had become a nuclear power by enriching uranium.
Published 15 Apr, 2006 12:00am
Iran dismisses US call for strong UN action

Iran dismisses US call for strong UN action

The Iranian president on Friday dismissed remarks by US Secretary of State Condoleezza Rice, who said the United Nations must consider strong action to force Iran to comply with demands over its nuclear plans.
Published 15 Apr, 2006 12:00am
New date for Sri Lankan talks announced

New date for Sri Lankan talks announced

Peace broker Norway announced Friday that talks between the Sri Lankan government and Tiger rebels, under threat from a new wave of violence, would go ahead five days later than scheduled.
Published 15 Apr, 2006 12:00am
First face transplant on man performed

First face transplant on man performed

A Chinese hospital run by the military said Friday it had performed what would be the world's second face transplant, and the first on a male patient.
Published 15 Apr, 2006 12:00am
US spies failed to warn about Indian nuclear tests

US spies failed to warn about Indian nuclear tests

US intelligence failed to warn of India's nuclear tests conducted in 1974 and 1998 despite tracking the Asian giant's atomic weapons potential for nearly half a century, according to documents declassified Thursday.
Published 15 Apr, 2006 12:00am
One killed, 3 hurt in Egyptian church stabbings

One killed, 3 hurt in Egyptian church stabbings

Three Egyptians killed a Christian worshipper and wounded three others on Friday in knife attacks in three churches in the coastal city of Alexandria, security and police officials said. "We believe the three men were working together to carry out the att
Published 15 Apr, 2006 12:00am
Berlusconi's poll fraud claim and power fade away

Berlusconi's poll fraud claim and power fade away

Italian Prime Minister Silvio Berlusconi's hopes of overturning his election loss were dashed on Friday when it emerged there were not enough disputed ballot papers to swing victory back from his rival, Romano Prodi.
Published 15 Apr, 2006 12:00am
Central African representative closes border with Sudan

Central African representative closes border with Sudan

Central African Republic closed its border with Sudan on Friday in protest at what it called Khartoum's "aggression" following rebel attacks on its neighbour Chad, its foreign minister said.
Published 15 Apr, 2006 12:00am
Chad breaks with Sudan, warns over Darfur refugees

Chad breaks with Sudan, warns over Darfur refugees

Chad's President Idriss Deby on Friday broke diplomatic ties with neighbour Sudan, which he accused of trying to topple him, and warned that his country could stop sheltering thousands of Sudanese refugees.
Published 15 Apr, 2006 12:00am
Fresh protests in Nepal despite king's overtures

Fresh protests in Nepal despite king's overtures

Fresh pro-democracy protests broke out in Nepal on Friday despite King Gyanendra's pledge to hold elections in the Himalayan kingdom, as activists said he offered nothing new or substantive.
Published 15 Apr, 2006 12:00am
Japan-US military talks fail to seal deal

Japan-US military talks fail to seal deal

Japan and the United States failed Friday to seal a deal on redeploying US troops, remaining at odds over how much each side should pay but reaching an agreement on a controversial air base.
Published 15 Apr, 2006 12:00am
Rumsfeld dismisses resignation calls

Rumsfeld dismisses resignation calls

US Defence Secretary Donald Rumsfeld dismissed calls from retired generals for his resignation, in an interview to be broadcast Friday on Al-Arabiya television. "I intend to serve the president at his pleasure," Rumsfeld told the channel, according to a t
Published 15 Apr, 2006 12:00am
Markets closed

Markets closed

US, UK financial and stock markets were closed due to Good Friday and Easter holidays. US markets will resume trading on Monday while London on Tuesday. Many Asian markets were also closed which includes:
Published 15 Apr, 2006 12:00am
Omens look good for hedge fund returns this year

Omens look good for hedge fund returns this year

Hedge funds delivered strong returns in the first quarter of this year and with market volatility expected to rise and clear trends evident in currencies and bonds the omens for 2006 are good.
Published 15 Apr, 2006 12:00am
Omens look good for hedge fund returns this year

Omens look good for hedge fund returns this year

Hedge funds delivered strong returns in the first quarter of this year and with market volatility expected to rise and clear trends evident in currencies and bonds the omens for 2006 are good.
Published 15 Apr, 2006 12:00am
LSE expects to win 20 Chinese listings

LSE expects to win 20 Chinese listings

The London Stock Exchange expects to win at least 20 Chinese listings in 2006, as Europe's biggest bourse takes aim at the growing field of young Chinese entrepreneurial firms looking to raise capital.
Published 15 Apr, 2006 12:00am
Inflation masks the real deal for gold and stocks

Inflation masks the real deal for gold and stocks

With gold at its highest price levels in a quarter century and stock markets around the world hitting multi-year peaks, it would appear to be a boom time for these assets.
Published 15 Apr, 2006 12:00am
New York coffee firms on trade and speculative buying

New York coffee firms on trade and speculative buying

Arabica coffee futures ended on positive ground on Thursday, boosted mainly by industry buying and independent brokers covering their short positions before a three-day weekend, market sources said.
Published 15 Apr, 2006 12:00am
Soya plantings lower

Soya plantings lower

US soyabean plantings will be as much as 700,000 to 800,000 acres lower than estimated by the US Agriculture Department, private consultant Informa Economics said on Wednesday.
Published 15 Apr, 2006 12:00am
New York cocoa slides to five-month low

New York cocoa slides to five-month low

US spot-month cocoa futures fell to the lowest price in five months on Thursday, pressured by fund selling and contract rollovers ahead of the Good Friday holiday, market sources said.
Published 15 Apr, 2006 12:00am
New York copper rallies to record highs ahead of holiday

New York copper rallies to record highs ahead of holiday

US copper futures settled just below new record levels Thursday as short covering and spread business lifted the complex, and the overall bullishness in the red metal should further boost prices next week, sources said.
Published 15 Apr, 2006 12:00am
Soya closes firm ahead of long US week-end

Soya closes firm ahead of long US week-end

Soyabean futures at the Chicago Board of Trade closed higher on Thursday amid prospects that clear, warm US weather would lead to more corn acres and fewer soybean plantings than the government recently estimated, traders said.
Published 15 Apr, 2006 12:00am
Monsanto defends cotton pricing in India

Monsanto defends cotton pricing in India

Monsanto Co on Wednesday defended its pricing practices for biotech cotton in India and said the company was co-operating fully with a government inquiry into complaints involving sales of its genetically modified (GMO) cotton seeds there.
Published 15 Apr, 2006 12:00am
CBOT rice closes firm in thin trade

CBOT rice closes firm in thin trade

Chicago Board of Trade rough rice futures ended slightly firmer on Thursday ahead of the holiday weekend, traders said. May rice closed 1 cent higher at $8.33 per hundredweight. The back months settled 1 to 2 cents higher.
Published 15 Apr, 2006 12:00am
New York sugar at four-week low

New York sugar at four-week low

Raw sugar futures settled Thursday at a four-week low on speculative liquidation tied to players rolling out of the spot contract before it expires in two weeks, brokers said.
Published 15 Apr, 2006 12:00am
UK farmers adapt to tougher economic environment

UK farmers adapt to tougher economic environment

British farmers have had to cut costs, diversify into new businesses and even embrace part-time status but many are still struggling to survive in an era of falling government support payments and farmgate prices.
Published 15 Apr, 2006 12:00am
Metals seen strong to end of decade: Sprott

Metals seen strong to end of decade: Sprott

Metal commodity prices will remain strong for at least the next four or five years supported by a combination of strong demand and lagging supply growth, forcing analysts to upwardly revise their price forecasts, Sprott Securities said on Monday.
Published 15 Apr, 2006 12:00am
USDA gave $9 million in ineligible loans

USDA gave $9 million in ineligible loans

The US Agriculture Department gave out more than $9 million in loans to ineligible applicants during a six-year period, according to an investigation by the department's inspector general released late Thursday.
Published 15 Apr, 2006 12:00am
Army units withdrawn

Army units withdrawn

A section of the Army units which were called into the city on Thursday moved out towards the Malir Cantonment area via the Sharae Faisal on Friday evening.
Published 15 Apr, 2006 12:00am
Army units withdrawn

Army units withdrawn

A section of the Army units which were called into the city on Thursday moved out towards the Malir Cantonment area via the Sharae Faisal on Friday evening.
Published 15 Apr, 2006 12:00am
Pakistani immigrant becomes Royal Navy's Rear Admiral

Pakistani immigrant becomes Royal Navy's Rear Admiral

The Royal Navy has appointed its first non-white admiral, Pakistan-born Muslim immigrant Amjad Hussain, a British newspaper said on Friday. Rear Admiral Hussain, 47, is the highest-ranking ethnic officer among the 200,000 personnel of the British armed fo
Published 15 Apr, 2006 12:00am
Despair and desperation in Casablanca slums

Despair and desperation in Casablanca slums

Hidden from the road behind a high concrete wall, the jumble of iron-roofed shacks bakes under a relentless midday sun. Dogs scratch around in alleyways, women chatter as they queue for water, a welding torch briefly lights up a nearby workshop.
Published 15 Apr, 2006 12:00am
- (2)

- (2)

The Nishtar Park incident is really a sad full event and all Muslims are afflicted and grieved over this event as it is the loss of all Muslim nations.
Published 15 Apr, 2006 12:00am
Carnage in Karachi

Carnage in Karachi

Horrendous, senseless, depraved, vicious, grotesque, the work of misguided senseless souls taking the lives of so many, for which God has ordained that no human has a right to do that, so was the bloody spectre at Nishtar Park in Karachi.
Published 15 Apr, 2006 12:00am
Cradle of Chinese banking gives birth to new scheme

Cradle of Chinese banking gives birth to new scheme

Sheep farmer Wang Jincan is at the heart of a little experiment with potentially big consequences for the Chinese banking system. Wang is talking to a loan officer hoping to borrow 40,000 yuan ($5,000) to buy 500 sheep to add to the flock of 300 he keeps
Published 15 Apr, 2006 12:00am
The significance of Saudi Crown Prince Sultan's visit

The significance of Saudi Crown Prince Sultan's visit

The visit of Crown Prince Sultan ibn Abdul Aziz of Saudi Arabia's scheduled visit to Pakistan, on April 15 and 16, 2006, is a very important one in the backdrop of the current international situation in the world, in this region and at the bilateral level
Published 15 Apr, 2006 12:00am
Menace of smuggling

Menace of smuggling

Of the three main modes employed for smuggling contraband goods, ie by air, by land and by sea, maritime presents the most formidable challenge. CBR's decision to purchase speedboats at a cost of Rs 961.50 million, to facilitate effective anti-smuggling o
Published 15 Apr, 2006 12:00am
ADB's Economic Outlook

ADB's Economic Outlook

The Asian Development Bank (ADB), like other multilateral financial institutions, makes occasional assessment about the state of the health of various economies in the region. In its latest Outlook released on 6th April 2006, the ADB has projected an enco
Published 15 Apr, 2006 12:00am
US praises Pakistan's efforts for war on terror

US praises Pakistan's efforts for war on terror

Stating that United States appreciates Pakistan's efforts, White House Spokesman on Thursday said, "We will continue working closely" with Islamabad in the global war on terrorism. Scott McClellan, in response to a question, said Pakistan "is a very good
Published 15 Apr, 2006 12:00am
Mengal's four employees sent to jail

Mengal's four employees sent to jail

Administrative judge of anti terrorism courts in Karachi on Friday sent four employees of former chief minister of Balochistan Sardar Akhtar Mengal, allegedly involved in army personnel hostage-taking case, to jail, and directed the investigation officer
Published 15 Apr, 2006 12:00am