Print - 2006-06-19
Thar Express arrives

Thar Express arrives

Pakistan-bound Thar Express train reached here from Munabao, India, carrying 628 passengers on Sunday. The train reached here 18 hours behind schedule.
Published 19 Jun, 2006 12:00am
US firm donates $50,000 to relief fund

US firm donates $50,000 to relief fund

President of a leading US-based firm Mentor Graphics Corporation Gregory K. Hinckley on Sunday, who is on a five-day visit to Pakistan, presented a cheque of $50,000 to Prime Minister Shaukat Aziz for the President's Relief Fund.
Published 19 Jun, 2006 12:00am
'Sindh government to give industry status to livestock sector'

'Sindh government to give industry status to livestock sector'

The Advisor to Sindh Chief Minister for Livestock & Fisheries, Faqir Muhammad Jadam Mangrio, has said that an integrated strategy has been developed to give industry status to livestock and animal husbandry by implementing Mega Development Projects under
Published 19 Jun, 2006 12:00am
Tobacco intake kills 0.1 million annually

Tobacco intake kills 0.1 million annually

Health experts have warned that hazardous chemicals prevailing in tobacco were causing cancer and other fatal diseases and informed that 0.1 million deaths were occurring in Pakistan due to tobacco consumption's every year.
Published 19 Jun, 2006 12:00am
Hundreds of tribesmen protest reporter's death

Hundreds of tribesmen protest reporter's death

Hundreds of tribesmen staged a protest on Sunday against the killing of a journalist, abducted last year after reporting that an al Qaeda leader had been killed by a US missile.
Published 19 Jun, 2006 12:00am
Water supply to Pir Koh gas field suspended

Water supply to Pir Koh gas field suspended

Unknown terrorists blew up water pumping system in Pattar Nullah in Dera Bugti district. According to a report, unknown persons blew up a water pumping system in Pattar Nullah in district Dera Bugti. Due to explosion, water supply to Pir Koh gas field was
Published 19 Jun, 2006 12:00am
48 places identified for new hydel power stations

48 places identified for new hydel power stations

Punjab government in order to generate electricity from canal water source is giving a final shape to comprehensive plan made by it in this regard. This was stated by Punjab Chief Minister Chaudhry Pervaiz Elahi in a meeting with Hungarian Ambassador Bala
Published 19 Jun, 2006 12:00am
Oil and gas supply up 4 percent in 10 months

Oil and gas supply up 4 percent in 10 months

The supply of oil and gas in the country increased by 4 percent in ten months of the current fiscal year, as per latest data released by Pakistan Petroleum Information Service (PPIS).
Published 19 Jun, 2006 12:00am
Oil and gas supply up 4 percent in 10 months

Oil and gas supply up 4 percent in 10 months

The supply of oil and gas in the country increased by 4 percent in ten months of the current fiscal year, as per latest data released by Pakistan Petroleum Information Service (PPIS).
Published 19 Jun, 2006 12:00am
Oil and gas supply up 4 percent in 10 months

Oil and gas supply up 4 percent in 10 months

The supply of oil and gas in the country increased by 4 percent in ten months of the current fiscal year, as per latest data released by Pakistan Petroleum Information Service (PPIS).
Published 19 Jun, 2006 12:00am
Kuwaiti Amir due today

Kuwaiti Amir due today

Emir of Kuwait, Sheikh Sabah al Ahmed al Jabar Al Sabah would arrive here on two-day official visit on Monday. This would be Emir's first visit to Pakistan since he assumed office last January.
Published 19 Jun, 2006 12:00am
Kuwaiti Amir due today

Kuwaiti Amir due today

Emir of Kuwait, Sheikh Sabah al Ahmed al Jabar Al Sabah would arrive here on two-day official visit on Monday. This would be Emir's first visit to Pakistan since he assumed office last January.
Published 19 Jun, 2006 12:00am
LSE remains under massive pressure

LSE remains under massive pressure

Share values on the Lahore bourse remained under massive pressure in early three sessions of the preceding week, losing heavily amid volatile movement and very low trade turnover.
Published 19 Jun, 2006 12:00am
LSE remains under massive pressure

LSE remains under massive pressure

Share values on the Lahore bourse remained under massive pressure in early three sessions of the preceding week, losing heavily amid volatile movement and very low trade turnover.
Published 19 Jun, 2006 12:00am
Equities providing excellent opportunity for investment

Equities providing excellent opportunity for investment

The erosion in share market clearly hints at an excellent opportunity to build a portfolio where heavyweights were slashed by 16 percent to 59 percent, but drastic measures taken by the Exchange to end the sagging trend helped the equities to recover by 1
Published 19 Jun, 2006 12:00am
Equities providing excellent opportunity for investment

Equities providing excellent opportunity for investment

The erosion in share market clearly hints at an excellent opportunity to build a portfolio where heavyweights were slashed by 16 percent to 59 percent, but drastic measures taken by the Exchange to end the sagging trend helped the equities to recover by 1
Published 19 Jun, 2006 12:00am
Equities providing excellent opportunity for investment

Equities providing excellent opportunity for investment

The erosion in share market clearly hints at an excellent opportunity to build a portfolio where heavyweights were slashed by 16 percent to 59 percent, but drastic measures taken by the Exchange to end the sagging trend helped the equities to recover by 1
Published 19 Jun, 2006 12:00am
Equities providing excellent opportunity for investment

Equities providing excellent opportunity for investment

The erosion in share market clearly hints at an excellent opportunity to build a portfolio where heavyweights were slashed by 16 percent to 59 percent, but drastic measures taken by the Exchange to end the sagging trend helped the equities to recover by 1
Published 19 Jun, 2006 12:00am
Two militants killed in Waziristan

Two militants killed in Waziristan

Troops on Sunday shot dead two pro-Taleban militants after an attack on a military checkpoint in North Waziristan, officials said. Soldiers at the post near the town of Mir Ali district spotted two armed men and cautioned them to stop.
Published 19 Jun, 2006 12:00am
Two militants killed in Waziristan

Two militants killed in Waziristan

Troops on Sunday shot dead two pro-Taleban militants after an attack on a military checkpoint in North Waziristan, officials said. Soldiers at the post near the town of Mir Ali district spotted two armed men and cautioned them to stop.
Published 19 Jun, 2006 12:00am
CFS investment at 10-month low

CFS investment at 10-month low

Unleashing of widespread selling pressure on Karachi Stock Exchange last week forced several players to leave the field, resulting in decline in CFS, which touched the 10 month low mark.
Published 19 Jun, 2006 12:00am
CFS investment at 10-month low

CFS investment at 10-month low

Unleashing of widespread selling pressure on Karachi Stock Exchange last week forced several players to leave the field, resulting in decline in CFS, which touched the 10 month low mark.
Published 19 Jun, 2006 12:00am
CFS investment at 10-month low

CFS investment at 10-month low

Unleashing of widespread selling pressure on Karachi Stock Exchange last week forced several players to leave the field, resulting in decline in CFS, which touched the 10 month low mark.
Published 19 Jun, 2006 12:00am
KSE intervention halts meltdown in equity prices

KSE intervention halts meltdown in equity prices

Intervention by Karachi Stock Exchange (KSE) after revising the rules and on support from the Securities and Exchange Commission of Pakistan (SECP) helped change the complexion of trading and halted the meltdown in equity prices last week, which witnessed
Published 19 Jun, 2006 12:00am
KSE intervention halts meltdown in equity prices

KSE intervention halts meltdown in equity prices

Intervention by Karachi Stock Exchange (KSE) after revising the rules and on support from the Securities and Exchange Commission of Pakistan (SECP) helped change the complexion of trading and halted the meltdown in equity prices last week, which witnessed
Published 19 Jun, 2006 12:00am
KSE intervention halts meltdown in equity prices

KSE intervention halts meltdown in equity prices

Intervention by Karachi Stock Exchange (KSE) after revising the rules and on support from the Securities and Exchange Commission of Pakistan (SECP) helped change the complexion of trading and halted the meltdown in equity prices last week, which witnessed
Published 19 Jun, 2006 12:00am
Finance ministry identifies five areas to focus on

Finance ministry identifies five areas to focus on

The Finance Ministry has identified five major challenges to be focused during 2006-07, which include increase in tax-to-GDP ratio, improvement in provincial receipts, review of subsidies, strict monitoring of public sector expenditure, completion of priv
Published 19 Jun, 2006 12:00am
Finance ministry identifies five areas to focus on

Finance ministry identifies five areas to focus on

The Finance Ministry has identified five major challenges to be focused during 2006-07, which include increase in tax-to-GDP ratio, improvement in provincial receipts, review of subsidies, strict monitoring of public sector expenditure, completion of priv
Published 19 Jun, 2006 12:00am
Finance ministry identifies five areas to focus on

Finance ministry identifies five areas to focus on

The Finance Ministry has identified five major challenges to be focused during 2006-07, which include increase in tax-to-GDP ratio, improvement in provincial receipts, review of subsidies, strict monitoring of public sector expenditure, completion of priv
Published 19 Jun, 2006 12:00am
Duty-free tractor import scheme heads for logical end

Duty-free tractor import scheme heads for logical end

The duty-free tractor import scheme announced in budget 2005-06 is heading towards its logical end as two of the companies, who were granted 2,500 tractors quota each, have approached the government for refund of their bank guarantees.
Published 19 Jun, 2006 12:00am
Duty-free tractor import scheme heads for logical end

Duty-free tractor import scheme heads for logical end

The duty-free tractor import scheme announced in budget 2005-06 is heading towards its logical end as two of the companies, who were granted 2,500 tractors quota each, have approached the government for refund of their bank guarantees.
Published 19 Jun, 2006 12:00am
Duty-free tractor import scheme heads for logical end

Duty-free tractor import scheme heads for logical end

The duty-free tractor import scheme announced in budget 2005-06 is heading towards its logical end as two of the companies, who were granted 2,500 tractors quota each, have approached the government for refund of their bank guarantees.
Published 19 Jun, 2006 12:00am
NWFP demands change in NFC Award criteria

NWFP demands change in NFC Award criteria

The NWFP government has called for the establishment of a special institution to ensure timely announcement of the National Finance Commission (NFC) award in future.
Published 19 Jun, 2006 12:00am
NWFP demands change in NFC Award criteria

NWFP demands change in NFC Award criteria

The NWFP government has called for the establishment of a special institution to ensure timely announcement of the National Finance Commission (NFC) award in future.
Published 19 Jun, 2006 12:00am
NWFP demands change in NFC Award criteria

NWFP demands change in NFC Award criteria

The NWFP government has called for the establishment of a special institution to ensure timely announcement of the National Finance Commission (NFC) award in future.
Published 19 Jun, 2006 12:00am
THE RUPEE: mixed trend in currency market

THE RUPEE: mixed trend in currency market

Two-way trade was observed on the currency market last week, dealers said. In the interbank market, the rupee lost 4 paisa in relation to dollar for buying and selling at Rs 60.20 and Rs 60.22, respectively.
Published 19 Jun, 2006 12:00am
THE RUPEE: mixed trend in currency market

THE RUPEE: mixed trend in currency market

Two-way trade was observed on the currency market last week, dealers said. In the interbank market, the rupee lost 4 paisa in relation to dollar for buying and selling at Rs 60.20 and Rs 60.22, respectively.
Published 19 Jun, 2006 12:00am
Pakistan firm in promoting regional cooperation, says Shaukat

Pakistan firm in promoting regional cooperation, says Shaukat

Prime Minister Shaukat Aziz has reiterated that Pakistan is steadfast in promoting friendship and co-operation with all South Asian nations, "and with India our government remains committed to the composite dialogue process to resolve all outstanding issu
Published 19 Jun, 2006 12:00am
Pakistan firm in promoting regional cooperation, says Shaukat

Pakistan firm in promoting regional cooperation, says Shaukat

Prime Minister Shaukat Aziz has reiterated that Pakistan is steadfast in promoting friendship and co-operation with all South Asian nations, "and with India our government remains committed to the composite dialogue process to resolve all outstanding issu
Published 19 Jun, 2006 12:00am
10 bakery workers abducted in Iraq

10 bakery workers abducted in Iraq

Gunmen abducted 10 bakery workers in Baghdad on Sunday, and a militant group linked to al Qaeda claimed responsibility for some of the bombings that killed 43 people in the capital the day before.
Published 19 Jun, 2006 12:00am
US should treat Islamabad and Delhi equally: Musharraf

US should treat Islamabad and Delhi equally: Musharraf

President Pervez Musharraf has stated that though the recent US-Indian nuclear deal is a bilateral arrangement, but Pakistan should be treated on equal basis for maintaining geo-strategic balance in the region.
Published 19 Jun, 2006 12:00am
US should treat Islamabad and Delhi equally: Musharraf

US should treat Islamabad and Delhi equally: Musharraf

President Pervez Musharraf has stated that though the recent US-Indian nuclear deal is a bilateral arrangement, but Pakistan should be treated on equal basis for maintaining geo-strategic balance in the region.
Published 19 Jun, 2006 12:00am
PAFL payment: PC Board accepts request of Azgard-9 for time extension

PAFL payment: PC Board accepts request of Azgard-9 for time extension

The Privatisation Commission Board has accepted Azgard-9''s request for extension in Pak American Fertiliser Limited (PAFL) payment deadline till July 15, and referred the case to the Cabinet Committee on Privatisation (CCoP) for endorsement.
Published 19 Jun, 2006 12:00am
Loya Jirga calls for wheel-jam strike on June 30

Loya Jirga calls for wheel-jam strike on June 30

A Loya Jirga of the Pukhtoon Action Committee here on Sunday, accusing the Sindh government and the City District Government Karachi (CDGK) of failure in solving problems of Katchi Abadi residents and transporters, gave a wheel-jam strike call titled 'cha
Published 19 Jun, 2006 12:00am
Work on LPC housing scheme reviewed

Work on LPC housing scheme reviewed

District Nazim Lahore Mian Amer Mahmood has directed the district revenue department officials for demolishing recently erected encroachments on Lahore Press Club (LPC) Housing Scheme land and handing over possession of remaining piece of land to the Laho
Published 19 Jun, 2006 12:00am
The Weather

The Weather

The weather report on Sunday (June 18, 2006) and the forecast for Monday (June 19, 2006).
Published 19 Jun, 2006 12:00am
Your rupee last week

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (June 12 to 17, 2006).

Published 19 Jun, 2006 12:00am
China moves to reduce risk of economic overheating

China moves to reduce risk of economic overheating

China's economy continued to expand at breakneck speed in May, prompting the central bank to tighten monetary policy amid fears that excessive investment and credit could lead to overheating.
Published 19 Jun, 2006 12:00am
Russian oil giant seeks to win over wary investors

Russian oil giant seeks to win over wary investors

Rosneft, the second-biggest Russian oil producer, is mounting a lavish public relations campaign to win over wary foreign investors before planned flotation on the London and Moscow stock exchanges next month.
Published 19 Jun, 2006 12:00am
UK energy firm sparks concern over Indian outsourcing

UK energy firm sparks concern over Indian outsourcing

India has reaped the benefits of foreign companies switching jobs and resources to the country over the last five years. But a recent decision by power company Powergen - a British subsidiary of German energy supplier E.ON - has pointed towards a potentia
Published 19 Jun, 2006 12:00am
Cathay takes China box seat in aviation overhaul

Cathay takes China box seat in aviation overhaul

A shake-up of the aviation industry is looming across Asia as airlines come to grips with Cathay Pacific's ownership overhaul, setting it up as a dominant world player with a box seat in China.
Published 19 Jun, 2006 12:00am
EU looking to break trade impasse with US at summit

EU looking to break trade impasse with US at summit

The European Union is aiming to use a summit with the United States this week to pile the pressure on Washington to make concessions Brussels considers essential for success in WTO trade negotiations.
Published 19 Jun, 2006 12:00am
Britain embraces Islamic finance

Britain embraces Islamic finance

"You may have heard stories about cash under pillows," said Islamic scholar Abdul Kadir Barkatulla, recalling a time when British Muslims preferred to keep their money in the bedroom rather than in a bank account.
Published 19 Jun, 2006 12:00am
'Public sale of South Korea LG Card may lower price'

'Public sale of South Korea LG Card may lower price'

A public sale of South Korea's LG Card Co Ltd may result in a lower price for creditors than a stake sale and delay the deal by two or three weeks, the main creditor said on Sunday.
Published 19 Jun, 2006 12:00am
Malaysia may raise natural gas prices

Malaysia may raise natural gas prices

Malaysia will consider raising the price of subsidised natural gas to relieve some of the pressure on state-owned firm Petronas, the country's energy minister said.
Published 19 Jun, 2006 12:00am
World Cup leading scorers

World Cup leading scorers

World Cup leading scorers after Sunday's first game: Bravo (Mexico), T. Cahill (Australia), Crespo (Argentina), Delgado (Ecuador), Klose (Germany), Maxi Rodriguez (Argentina), Rosicky (Czech Republic), C. Tenorio (Ecuador), Villa (Spain), Wanchope (Costa
Published 19 Jun, 2006 12:00am
Argentina may ring changes for Dutch clash

Argentina may ring changes for Dutch clash

With their 6-0 mauling of Serbia and Montenegro having guaranteed passage to the last 16, Argentina are to ring the changes for Wednesday's Group C table-topping decider against The Netherlands.
Published 19 Jun, 2006 12:00am
We underestimated USA, admits Italy coach Lippi

We underestimated USA, admits Italy coach Lippi

Italy coach Marcello Lippi has admitted he and his team had underestimated the United States following their 1-1 draw against the 2002 quarter-finalists in Kaiserslautern.
Published 19 Jun, 2006 12:00am
Japan and Croatia keep faint hopes alive

Japan and Croatia keep faint hopes alive

Japan and Croatia battled to a goalless draw here on Sunday which left both nations with a slim chance of reaching the second round of the World Cup. Both teams now have one point, while their Group F rivals Brazil and Australia were playing in Munich lat
Published 19 Jun, 2006 12:00am
Murray's coach search on hold

Murray's coach search on hold

British teenager Andy Murray will play at Wimbledon without a coach after admitting on Sunday he had yet to find the right man for the job.
Published 19 Jun, 2006 12:00am
Hewitt beats Blake for fourth Queen's title

Hewitt beats Blake for fourth Queen's title

Lleyton Hewitt defeated James Blake, 6-4, 6-4 on Sunday to join Boris Becker and John McEnroe with four titles at Queen's club. Victory marked the first title for former world number one Hewitt in 18 months since the Australian lifted the Sydney crown in
Published 19 Jun, 2006 12:00am
Federer pulls level with Borg record

Federer pulls level with Borg record

Roger Federer equalled Bjorn Borg's record for consecutive grass court victories when he won his fourth successive Halle title here on Sunday.
Published 19 Jun, 2006 12:00am
Grand Slam elite begin grass tune-ups at Eastbourne

Grand Slam elite begin grass tune-ups at Eastbourne

Five current and former Grand Slam champions lead a high-profile field at the Eastbourne Championships starting Monday as top women make final preparations for Wimbledon.
Published 19 Jun, 2006 12:00am
Sri Lanka and England to gain lead in ODI championship

Sri Lanka and England to gain lead in ODI championship

England and Sri Lanka will be out to cut the gap between themselves and the teams above them in the LG ICC ODI Championship. There are only two rating points between the home side, lying seventh, and the visitors, one place above it, but the gap between S
Published 19 Jun, 2006 12:00am
Jayawardene upbeat as England seek extra help

Jayawardene upbeat as England seek extra help

Sri Lanka captain Mahela Jayawardene said his team were growing in confidence all the time as they looked to build on a 1-0 lead in their five-match one-day international series with England on Tuesday at The Oval.
Published 19 Jun, 2006 12:00am
Atkinson overseeing pitch for third test

Atkinson overseeing pitch for third test

West Indies captain Brian Lara may not have got the fast bowling attack he requested from the selectors but he may get a Warner Park pitch with a lot more bounce and life.
Published 19 Jun, 2006 12:00am
Global warming and deserts: a double-edged sword

Global warming and deserts: a double-edged sword

The desert is a special word, reflecting our dread and awe at vast, parched regions where a few plants, animals and hardy humans somehow survive in the emptiness.
Published 19 Jun, 2006 12:00am
Green tea, the next miracle?

Green tea, the next miracle?

Can a cup of green tea really keep the doctor away? From promises of preventing cancer to relieving stress, green tea seems to be the hottest cure-all on the grocery store shelves.
Published 19 Jun, 2006 12:00am
Meditation is good for heart

Meditation is good for heart

Already known to help reduce blood pressure, transcendental meditation has now been found to help with a cluster of other symptoms which can lead to heart attacks, a study published June 12 found.
Published 19 Jun, 2006 12:00am
HEALTH UPDATE: apple keeps doctor away

HEALTH UPDATE: apple keeps doctor away

New research suggests there may be truth behind the old adage, "An apple a day keeps the doctor away". Scientists from the University of California, Davis School of Medicine, say they've discovered that apples rich with compounds called flavonoids help wa
Published 19 Jun, 2006 12:00am
HEALTH UPDATE: coffee lowers the risk of diabetes

HEALTH UPDATE: coffee lowers the risk of diabetes

A study has revealed that drinking coffee can help lower the risk of type-2 diabetes. The study, conducted by the National Public Health Institute of Finland found that people who drank more coffee than others had a lower risk of diabetes.
Published 19 Jun, 2006 12:00am
HEALTH UPDATE: brain tumour patients motivated to exercise

HEALTH UPDATE: brain tumour patients motivated to exercise

A "relatively high" percentage of brain tumour patients are exercising - before and after diagnosis and treatment - at the recommended levels, a much higher percentage than patients with other forms of cancer, suggest the results of a survey of 106 brain
Published 19 Jun, 2006 12:00am
HEALTH UPDATE: early insecurity risk factor for eating disorders

HEALTH UPDATE: early insecurity risk factor for eating disorders

Insecure attachment plays a key role in promoting the development of a negative body image in women with eating disorders, a new study shows. This suggests that the prevention and treatment of eating disorders might be strengthened by a great adult person
Published 19 Jun, 2006 12:00am