News Archives for Latest - 2007-06-18

Flash flood claims 15 lives in NWFP

A flash flood triggered by torrential rain killed 15 people, including a dozen children, and injured more than 60 in a mountainous village in NWFP, a government official said on Sunday.

Published 18 Jun, 2007 12:00am

Flash flood claims 15 lives in NWFP

A flash flood triggered by torrential rain killed 15 people, including a dozen children, and injured more than 60 in a mountainous village in NWFP, a government official said on Sunday.

Published 18 Jun, 2007 12:00am

Three federal ministers accused of plotting against NWFP government

The NWFP government on Sunday charged three federal cabinet members from the NWFP with hatching conspiracies against the interest of the province and depriving it of the constitutional right in the head of net-profit on hydel power generation.

Published 18 Jun, 2007 12:00am

Three federal ministers accused of plotting against NWFP government

The NWFP government on Sunday charged three federal cabinet members from the NWFP with hatching conspiracies against the interest of the province and depriving it of the constitutional right in the head of net-profit on hydel power generation.

Published 18 Jun, 2007 12:00am

Taliban bomber hits police van; 35 killed

A Taliban suicide bomber blew up a police bus in the heart of the Afghan capital on Sunday, killing more than 20 people in the single deadliest bombing to hit Afghanistan since the Taliban were ousted in 2001. The blast tore apart the bus, wounding dozens

Published 18 Jun, 2007 12:00am

Taliban bomber hits police van; 35 killed

A Taliban suicide bomber blew up a police bus in the heart of the Afghan capital on Sunday, killing more than 20 people in the single deadliest bombing to hit Afghanistan since the Taliban were ousted in 2001. The blast tore apart the bus, wounding dozens

Published 18 Jun, 2007 12:00am

Kapco shares transfer: PC and UK firm at loggerheads

The Privatisation Commission (PC) and International Power, of UK, are at loggerheads over the de-materialisation and transfer of shares in Kot Addu Power Company (Kapco) without any restriction, official sources told Business Recorder.

Published 18 Jun, 2007 12:00am

Kapco shares transfer: PC and UK firm at loggerheads

The Privatisation Commission (PC) and International Power, of UK, are at loggerheads over the de-materialisation and transfer of shares in Kot Addu Power Company (Kapco) without any restriction, official sources told Business Recorder.

Published 18 Jun, 2007 12:00am

Kapco shares transfer: PC and UK firm at loggerheads

The Privatisation Commission (PC) and International Power, of UK, are at loggerheads over the de-materialisation and transfer of shares in Kot Addu Power Company (Kapco) without any restriction, official sources told Business Recorder.

Published 18 Jun, 2007 12:00am

SITUATIONER: the great and the good eclipse our post-budget scene

Not only has the visit of the great and the good stirred up expectations of a highly significant and meaningful change in the country, it has also overshadowed the post-budget business. The federal and provincial governments except for Balochistan have so

Published 18 Jun, 2007 12:00am

SITUATIONER: the great and the good eclipse our post-budget scene

Not only has the visit of the great and the good stirred up expectations of a highly significant and meaningful change in the country, it has also overshadowed the post-budget business. The federal and provincial governments except for Balochistan have so

Published 18 Jun, 2007 12:00am

SITUATIONER: the great and the good eclipse our post-budget scene

Not only has the visit of the great and the good stirred up expectations of a highly significant and meaningful change in the country, it has also overshadowed the post-budget business. The federal and provincial governments except for Balochistan have so

Published 18 Jun, 2007 12:00am

Range-bound activity seen on LSE

The Lahore share market was not much responsive to budget announcement and moved both ways amid range-bound activity because of lack of interest from local investors and shrinking foreign buying, during last week ended on June 17.

Published 18 Jun, 2007 12:00am

Range-bound activity seen on LSE

The Lahore share market was not much responsive to budget announcement and moved both ways amid range-bound activity because of lack of interest from local investors and shrinking foreign buying, during last week ended on June 17.

Published 18 Jun, 2007 12:00am

THE RUPEE: rates move both ways versus dollar and euro

The rupee played on the both sides against the dollar and euro amid post budget sessions in the week ending on June 16, 2007. In the interbank market, the rupee commanded its position boldly against the dollar, rising six paisa for buying and selling at 6

Published 18 Jun, 2007 12:00am

THE RUPEE: rates move both ways versus dollar and euro

The rupee played on the both sides against the dollar and euro amid post budget sessions in the week ending on June 16, 2007. In the interbank market, the rupee commanded its position boldly against the dollar, rising six paisa for buying and selling at 6

Published 18 Jun, 2007 12:00am

Saving textile industry: senate panel for reversing all budgetary measures

The negative impact of budgetary measures for industry has been estimated at Rs 1 million per month for an average spinning mill, says a recommendatory report presented by senators to the National Assembly for incorporating it in the Finance Bill 2007-08.

Published 18 Jun, 2007 12:00am

Mutual funds managers oppose 35 percent tax on earnings

The mutual funds managers of the country have strongly opposed the imposition of 35 percent tax on their earnings in CFS funding, saying that this would adversely affect the fast growing mutual funds industry.

Published 18 Jun, 2007 12:00am

Mutual funds managers oppose 35 percent tax on earnings

The mutual funds managers of the country have strongly opposed the imposition of 35 percent tax on their earnings in CFS funding, saying that this would adversely affect the fast growing mutual funds industry.

Published 18 Jun, 2007 12:00am

Mutual funds managers oppose 35 percent tax on earnings

The mutual funds managers of the country have strongly opposed the imposition of 35 percent tax on their earnings in CFS funding, saying that this would adversely affect the fast growing mutual funds industry.

Published 18 Jun, 2007 12:00am

Mutual funds managers oppose 35 percent tax on earnings

The mutual funds managers of the country have strongly opposed the imposition of 35 percent tax on their earnings in CFS funding, saying that this would adversely affect the fast growing mutual funds industry.

Published 18 Jun, 2007 12:00am

Biotech cotton sowing plan in doldrums

The government plan to officially start the biotech (Bt) cotton sowing is in doldrums after the environment ministry rejected the Bt cotton variety developed by National Institute for Biotechnology and Genetic Engineering (Nibge), official sources told <i

Published 18 Jun, 2007 12:00am

Biotech cotton sowing plan in doldrums

The government plan to officially start the biotech (Bt) cotton sowing is in doldrums after the environment ministry rejected the Bt cotton variety developed by National Institute for Biotechnology and Genetic Engineering (Nibge), official sources told <i

Published 18 Jun, 2007 12:00am

Biotech cotton sowing plan in doldrums

The government plan to officially start the biotech (Bt) cotton sowing is in doldrums after the environment ministry rejected the Bt cotton variety developed by National Institute for Biotechnology and Genetic Engineering (Nibge), official sources told <i

Published 18 Jun, 2007 12:00am

FTO asks CBR to stop deductions not supported by law

The Federal Tax Ombudsman has directed CBR to stop decades-old practice of 40 percent deduction of sales proceeds as rents, 5 percent surcharges as donation to Motamar-e-Alam-e-Islami, and calculation of duties and taxes on the bid price of the auctioned

Published 18 Jun, 2007 12:00am

FTO asks CBR to stop deductions not supported by law

The Federal Tax Ombudsman has directed CBR to stop decades-old practice of 40 percent deduction of sales proceeds as rents, 5 percent surcharges as donation to Motamar-e-Alam-e-Islami, and calculation of duties and taxes on the bid price of the auctioned

Published 18 Jun, 2007 12:00am

FTO asks CBR to stop deductions not supported by law

The Federal Tax Ombudsman has directed CBR to stop decades-old practice of 40 percent deduction of sales proceeds as rents, 5 percent surcharges as donation to Motamar-e-Alam-e-Islami, and calculation of duties and taxes on the bid price of the auctioned

Published 18 Jun, 2007 12:00am

Chief Justice foresees lawyers' success for independent judiciary

Chief Justice Iftikhar Muhammad Chaudhry has foreseen lawyers' success in their struggle for independent judiciary, rule of law and supremacy of Constitution. He was addressing a reception of the District Bar Association, Faisalabad, late night on Sunday.

Published 18 Jun, 2007 12:00am

Chief Justice foresees lawyers' success for independent judiciary

Chief Justice Iftikhar Muhammad Chaudhry has foreseen lawyers' success in their struggle for independent judiciary, rule of law and supremacy of Constitution. He was addressing a reception of the District Bar Association, Faisalabad, late night on Sunday.

Published 18 Jun, 2007 12:00am

Stock market stays bullish

The Karachi share market during last week ended on June 17, 2007 witnessed bullish trend for the third consecutive week, with the KSE-100 index at one point in time crossing the 13,600 points level on the back of buying mainly in cement sector stocks.

Published 18 Jun, 2007 12:00am

Stock market stays bullish

The Karachi share market during last week ended on June 17, 2007 witnessed bullish trend for the third consecutive week, with the KSE-100 index at one point in time crossing the 13,600 points level on the back of buying mainly in cement sector stocks.

Published 18 Jun, 2007 12:00am

Stock market stays bullish

The Karachi share market during last week ended on June 17, 2007 witnessed bullish trend for the third consecutive week, with the KSE-100 index at one point in time crossing the 13,600 points level on the back of buying mainly in cement sector stocks.

Published 18 Jun, 2007 12:00am

Investment under CFS up Rs 54.43 billion

The investment under the continuous funding system (CFS) at the Karachi share market remained range-bound during the outgoing week and closed on Rs 54.43 billion on Friday (June 15) marginally above Rs 54.36 billion previously (June 8) depicting an increa

Published 18 Jun, 2007 12:00am

Investment under CFS up Rs 54.43 billion

The investment under the continuous funding system (CFS) at the Karachi share market remained range-bound during the outgoing week and closed on Rs 54.43 billion on Friday (June 15) marginally above Rs 54.36 billion previously (June 8) depicting an increa

Published 18 Jun, 2007 12:00am

Investment under CFS up Rs 54.43 billion

The investment under the continuous funding system (CFS) at the Karachi share market remained range-bound during the outgoing week and closed on Rs 54.43 billion on Friday (June 15) marginally above Rs 54.36 billion previously (June 8) depicting an increa

Published 18 Jun, 2007 12:00am

Investment under CFS up Rs 54.43 billion

The investment under the continuous funding system (CFS) at the Karachi share market remained range-bound during the outgoing week and closed on Rs 54.43 billion on Friday (June 15) marginally above Rs 54.36 billion previously (June 8) depicting an increa

Published 18 Jun, 2007 12:00am

Government needs Rs 230 billion loans, Rs 30 billion grants for uplift programme

Pakistan will acquire Rs 229.824 billion foreign assistance in the shape of loans from international financial institutions and different countries for the next fiscal year to execute its development programme.

Published 18 Jun, 2007 12:00am

Government needs Rs 230 billion loans, Rs 30 billion grants for uplift programme

Pakistan will acquire Rs 229.824 billion foreign assistance in the shape of loans from international financial institutions and different countries for the next fiscal year to execute its development programme.

Published 18 Jun, 2007 12:00am

Government needs Rs 230 billion loans, Rs 30 billion grants for uplift programme

Pakistan will acquire Rs 229.824 billion foreign assistance in the shape of loans from international financial institutions and different countries for the next fiscal year to execute its development programme.

Published 18 Jun, 2007 12:00am

New Palestinian government sworn in

Palestinian President Mahmoud Abbas swore in an emergency government on Sunday in a move that could bolster him in his power struggle with Islamist Hamas rivals by ending a US-led aid embargo.

Published 18 Jun, 2007 12:00am

BB threatens to boycott elections if....

Pakistan peoples Party Chairperson Benazir Bhutto has threatened to boycott the upcoming general elections if her reservations are not removed and 20 millions citizens' names are not included in the voters list.

Published 18 Jun, 2007 12:00am

Wullar Barrage talks from June 26

Pakistan and India will hold talks on two subjects of the composite dialogue next week in Islamabad and New Delhi, according to the agreed schedule for the new round. The two countries had issued the agreed schedule of the fourth round of composite dialog

Published 18 Jun, 2007 12:00am

Opposition escaping elections through lame excuses: Shujaat

Pakistan Muslim League President Chaudhry Shujaat Hussain on Sunday said that opposition parties were trying to escape elections through raising lame excuses on the election arrangements.

Published 18 Jun, 2007 12:00am

Women urged to compete with challenges for empowerment

Former president of the First Women Bank (FWB), Akram Khatoon has urged the new generation, especially girls that they must make themselves able to compete with the world challenges for empowerment. She was speaking at the third international conference o

Published 18 Jun, 2007 12:00am

Daily farmers markets in two month: Omar

Minister of State for Finance, Omar Ayub Khan said daily farmers markets for the provision of low-priced edibles food items, would start operating within two months. He told APP that the government had announced the establishment of daily farmers markets

Published 18 Jun, 2007 12:00am

First convocation of Dadabhoy Institute: world-class university in Hawksbay planned

Dadabhoy Institute of Higher Education held its first convocation since it received its charter in 2003. The ceremony was held to honour the batches of students graduating in the last four years in MBA, BBA, BCS, B Tech, BTech (Hons) and Law etc.

Published 18 Jun, 2007 12:00am

KKI's new franchise inaugurated

The new franchise 'Polani Enterprises' of Khanani & Kalia International (Pvt) Ltd - KKI, the 1st and leading Forex House in Pakistan, was inaugurated recently at SITE Karachi. Polani Enterprises is another addition in the family of nation wide franchises

Published 18 Jun, 2007 12:00am

Pak-China strategic partnership vital for world peace: Prime Minister

Prime Minister Shaukat Aziz Sunday underscored the importance of Pakistan-China strategic partnership adding these relations are playing an important role in international peace and stability as well as a driving force for regional prosperity.

Published 18 Jun, 2007 12:00am

Kasuri leaves for US

Foreign Minister Khurshid M Kasuri left here on Sunday for Washington to discuss with his US counterpart Condoleezza Rice co-operation in counter-terrorism, situation in Afghanistan, composite dialogue with India, the Middle East peace process and Iraq.

Published 18 Jun, 2007 12:00am

Crucial meeting in London: key opposition parties ready to quit, says Imran

Key opposition parties will consider resigning from the parliament at a 'crucial' meeting in London next month to swell pressure on embattled President Pervez Musharraf, a top leader says.

Published 18 Jun, 2007 12:00am

Prime Minister's plan to open new vistas in livestock sector: Tareen

Federal Minister for Production Jehangir Khan Tareen has said that the government has launched a special program 'Prime Minister's Livestock Initiatives', which will open new vistas in the livestock sector to improve production of milk and meat in the cou

Published 18 Jun, 2007 12:00am

China to launch new satellite

China is to launch a new satellite China-SAT-6 into orbit in the very near future. Sources said that it would be 101st lift off for the domestically developed long series carrier rockets, Radio China reported.

Published 18 Jun, 2007 12:00am

Immediate ban on leather exports sought

The unabated exports of the raw leather from Pakistan to other countries including china are on its peak due to which, there is a shortage of raw leather in Pakistan. It has also badly affected the leather export products from Sialkot and Kasur, which are

Published 18 Jun, 2007 12:00am

Budget to benefit rich at the cost of poor: PPP

Pakistan People's Party Multan leaders Malik Ahmed Hussain Dehar, Provincial Vice President, Khalid Hanif Lodhi, District President, Khurshid Ahmed Khan, City President, Khawaja Rizwan Alam, Provincial Secretary Public Relations said in their statements t

Published 18 Jun, 2007 12:00am

Cotton market remains almost dormant

Both the cotton sellers and buyers generally avoided deal but ginners seemed worried about pending stocks they used to claim was manageable. Spot rate was adroitly held unchanged at Rs 2660 until Closure of the week.

Published 18 Jun, 2007 12:00am

Cotton market remains almost dormant

Both the cotton sellers and buyers generally avoided deal but ginners seemed worried about pending stocks they used to claim was manageable. Spot rate was adroitly held unchanged at Rs 2660 until Closure of the week.

Published 18 Jun, 2007 12:00am

Sharp upwards trend in grams prices marks week's proceedings

The post-budget trading on the commodity wholesale markets will see reverse price line, was far below expectations, as certain essentials sustained most of the rise during the week ended on June 17, 2007 thus UTS consumers only would be able to console by

Published 18 Jun, 2007 12:00am

Journalists urged to highlight country's positive image

Chairman Senate Mohammedmian Soomro has advised a group of journalists belonging to Sindh to highlight social, economic and political issues and to project positive image of Pakistan.

Published 18 Jun, 2007 12:00am

800 profiteers fined, three sent to jail

District Price Control Committee Rawalpindi has imposed Rs80,000 fine to almost 800 shopkeepers, besides sending three of them to jail. The officials of price control committee visited the weekly Sunday bazaar and during checking found 800 shopkeepers inv

Published 18 Jun, 2007 12:00am

Two drown, one missing

Two persons drowned and another went missing while bathing in the sea near Paradise Point here on Sunday morning, an official of the Edhi Ambulance Service said. He identified the dead as Yasir Imam, 24, a resident of Gulshan-i-Iqbal, and Aftab, 25, of Gu

Published 18 Jun, 2007 12:00am

'Public hearing planned against manufacture, sale of plastic bags'

The sale and use of polythene bags of less than 30 micron thickness in Sindh, banned through an ordinance, continues because on the request of manufacturers they were given 3-month period to dispose of their stocks for saving them from huge losses, provin

Published 18 Jun, 2007 12:00am

HEALTH UPDATE: high Blood pressure may cause glaucoma

People with high pulse pressure - the difference between systolic (beating heart rate) and diastolic (resting heart rate) blood pressure readings - may be at increased risk for high-tension open-angle glaucoma, an eye disease involving the loss of certain

Published 18 Jun, 2007 12:00am

HEALTH UPDATE: eat more to lose weight

If you're trying to lose weight, eating the right foods may be more effective than eating less, US researchers said. A team at Pennsylvania State University found that low-calorie-density diets could help shed pounds and control hunger.

Published 18 Jun, 2007 12:00am

HEALTH UPDATE: diabetes cuts eight years off life

A diagnosis of diabetes means losing an average of eight years from your expected life span, new research suggests. In addition, diabetics are more likely to develop heart disease sooner than non-diabetics, the study found.

Published 18 Jun, 2007 12:00am

Married man lives longer than single, says report

The single life has its charms and freedoms, but adults who never marry may not live as long as their wedded peers, new research suggests. While the protective effect of marriage on health and longevity has been pointed out earlier, newer research is zero

Published 18 Jun, 2007 12:00am

Hot and humid weather forecast for Karachi

The Met office has forecast hot and humid weather with maximum temperature range between 36 to 38 degrees Celsius for Karachi on Monday. Hot and dry weather is forecast for Hyderabad division while Mirpurkhas division is expected to receive rains at one o

Published 18 Jun, 2007 12:00am

Prime Minister to inaugurate railway e-ticketing on July 20

Railway Minister Sheikh Rashid Ahmad has said that Prime Minister Shaukat Aziz will inaugurate the e-ticketing system on July 20 at Rawalpindi. To reduce half hour time consumption from Lahore to Rawalpindi, the Pakistan Railways has started Rawalpindi Ex

Published 18 Jun, 2007 12:00am

Fresh population census next year

Chief Census Commissioner, Karam Eallahi has said the fresh population census in Pakistan would be held in 2008. Addressing an inaugural ceremony of a workshop on `population census and gender equality,' last evening, Chief Census Commissioner highlighted

Published 18 Jun, 2007 12:00am

Nisar urges uplift of Karachi's rural areas

Chairman, Senate Standing Committee on Defence, Senator Nisar A. Memon has stressed for fast-track development in Malir and other rural areas of the city declaring these as the backbone of Karachi. Strengthening and modernising of agriculture in Malir and

Published 18 Jun, 2007 12:00am

Workshop on garment industry held

UNDP is sponsoring on gender promotion and poverty reduction through training in garment and clothing sector of Pakistan. In this regard a two-day workshop on 'competitiveness of Pakistan's garment industry' was organised by UNDP on June 15 and 16 at a lo

Published 18 Jun, 2007 12:00am

Power remains suspended

The power supply will remain suspended due to maintenance and construction works by the Wapda in some areas falling in the jurisdiction of Islamabad Electricity Supply Company (Iesco).

Published 18 Jun, 2007 12:00am

500 acres land acquired for engineering university

The Punjab government has acquired as many as 500 acres of a suitable land near Sambrial along the main Sialkot-Sambrial-Wazirabad Road for establishment of an international standard engineering university.

Published 18 Jun, 2007 12:00am

Poultry industry once again facing catastrophe

Poultry industry in Pakistan is once again facing a catastrophe, as devastating heat wave, frequent load shedding and power break down are not just fatal for human population, but all types of poultry including breeding flocks, commercial broilers and lay

Published 18 Jun, 2007 12:00am

Sindh University workshop for teachers concludes

A six-day training workshop for University and college teachers on 'Contemporary Research Methods' organised by the Faculty of Education, University of Sindh, in collaboration with Leaning Innovation Division (LID) of Higher Education Commission( HEC) con

Published 18 Jun, 2007 12:00am

State of World Population report on June 27

The United Nations Population Fund (UNFPA) will launch its annual report entitled 'State of the World Population Report 2007' on Wednesday June 27.This year's report is titled 'Unleashing the Potential of Urban Growth' which highlights the rapid growth of

Published 18 Jun, 2007 12:00am

Toxic gas kills two labourers, fireman

Two labourers and a fireman of the City District Government Karachi (CDGK) lost their lives due to the effects of some toxic gases of a gutter line in downtown Karachi on Sunday. This was stated by the Deputy Chief Fire Officer of the Fire Department of C

Published 18 Jun, 2007 12:00am

Airblue launches green revolution drive

Airblue, the largest private airline in Pakistan, has taken the initiative and started its 'Green Revolution' by elaborating that it would plant more than 1 million trees in the coming year marking its third anniversary.

Published 18 Jun, 2007 12:00am

Women's body efforts to set up business at home level

The National Association of Business, Professional and Agricultural Women (ABP&AW) organised Business Women Bazar with collaboration of the city district government at the Safari park on Saturday.

Published 18 Jun, 2007 12:00am

Nepali journalists send memo to Musharraf

The Federation of Nepalese Journalists (FNJ) has submitted a memorandum to President Pervez Musharraf through the Pakistan Embassy to protest the ongoing critical situation over the security of journalists and the right to speak in Pakistan.

Published 18 Jun, 2007 12:00am

Business commission skills course starts today

The Higher Education Commission (HEC) is organising a one-week Business Commission Skills Course (BCSC) in collaboration with Air University Islamabad which will start here tomorrow (Monday).

Published 18 Jun, 2007 12:00am

Algerian Senate team arrives

A seven-member Algerian delegation led by its Senate Chairman Abdel Kader Bensalah arrived here on Sunday on a week visit to Pakistan. Senate Chairman Muhamm-admian Soomro received the Algerian delegation at the airport.

Published 18 Jun, 2007 12:00am

Cotton crop condition directing price trend

Last week, intensity of heat in cotton areas was reduced which impacted positively on development of cotton plants. Process of cotton planting has almost been completed barring a small percentage in late sowing areas. In some cotton areas, re-sowing of co

Published 18 Jun, 2007 12:00am

Cotton crop condition directing price trend

Last week, intensity of heat in cotton areas was reduced which impacted positively on development of cotton plants. Process of cotton planting has almost been completed barring a small percentage in late sowing areas. In some cotton areas, re-sowing of co

Published 18 Jun, 2007 12:00am

Government to check quality, quantity of cooking oil and ghee

The government has decided to check the quality and quantity of cooking oil and ghee saying that some manufacturers were not adhering to the standards, it is learnt.

Published 18 Jun, 2007 12:00am

Federal budget against interest of local industry: IAP

President, Industrialists Association Peshawar (IAP) Eng Nauman Wazir has said that the national budget is political game and should be named as 'Utility Store Budget' saying that the budget was against the interest of local industry and regretted that no

Published 18 Jun, 2007 12:00am

Pakistan concerned over Gaza conflict

Pakistan on Sunday expressed serious concern over the internecine conflict in Gaza that has resulted in the tragic loss of scores of lives. This strife has deepened the rift between Fatah and Hamas and has led to President Mahmoud Abbas's declaration of a

Published 18 Jun, 2007 12:00am

Seminar on media freedom today

The Sustainable Development Policy Institute (SDPI) will hold a seminar entitled 'Media Freedom in Pakistan: Opportunities and Challenges' here on Monday.

Published 18 Jun, 2007 12:00am

'Agriculture sector performed well'

Agriculture sector is still thriving and looming sector of the nation economy and work like engine for the prosperity and economic up lift for the country. According to Economic Survey of Pakistan, the agriculture sector is still the single largest sector

Published 18 Jun, 2007 12:00am

National Assembly resumes sitting today

The National Assembly will resume its sitting here in the Parliament House on Monday at 10:30am. The House will continue debate on Budget 2007-08. Earlier many members both from the opposition and treasury benches have taken part in the Budget debate.

Published 18 Jun, 2007 12:00am

319 industrial units set up in NWFP, says minister

The NWFP Minister for Finance and Environment, Shah Raz Khan on Sunday has said that the investment friendly policies, exemption of property taxes on industrial units in industrial estates and other incentives are promoting the industrialisation in the pr

Published 18 Jun, 2007 12:00am

'Traffic Police itself main hurdle on Multan roads'

Traffic Police itself is a main hurdle in traffic in Multan City. It is the duty of traffic police to keep the flow of traffic smooth but they erect barriers and stop the moving vehicles for checking and challans.

Published 18 Jun, 2007 12:00am

MONEY WEEK: over Rs 47 billion surge in money supply in one week

Incremental money supply during FY07, which reached a record figure of Rs 480.3 billion, or 14.1 percent, in last three years on May 26 2007, surged by another Rs 47 billion during the week ended June 2 to scale up to Rs527.5 billion, or 15.4 percent.

Published 18 Jun, 2007 12:00am

Book on Mukhtaran to be launched on June 21

The book on untold story of Mukhtaran Mai case by an Australian writer Bronwyn Curran is being launched on June 21 in Karachi. For the first time, the sensational tale of rape-by-decree that shook the world is scrutinised by a journalist who reported on t

Published 18 Jun, 2007 12:00am

30 new USC outlets to be opened in Lahore

'Utility Store Corporation of Pakistan will open 5000 new Utility Sale Points at every Union Council level throughout the country instead of opening new big stores in the posh area of the cities', Sardar Muhammad Khan Regional Manager Utility Stores Corpo

Published 18 Jun, 2007 12:00am

Journalist shot dead

A young journalist was shot dead in Pir Jo Goth near here, on Sunday. Nisar Ahmed Solangi, the reporter of Sindhi newspaper Daily Khabroon, aged 30, came to Pir Jo Goth from his village Machhyoon for some work when two armed persons on a motorcycle opened

Published 18 Jun, 2007 12:00am

Population issues: public-private partnership being encouraged

Ministry of Population Welfare was endeavouring to encourage public-private partnership to create awareness about population-related issues, a source in the ministry said on Sunday.

Published 18 Jun, 2007 12:00am

13,520 illegal nationals issued emergency travel documents

Around 13,520 emergency travel documents have been issued by the embassies of Bangladesh, India, Pakistan and Sri Lanka to illegal nationals of their respective countries since the amnesty began in May, embassy officials were quoted as saying by Arab medi

Published 18 Jun, 2007 12:00am

Ghee exports for Afghanistan: product data to be printed in Dari and Pushto scripts

The government is going to ask the exporters trading in vegetable ghee and cooking oil with Afghanistan to print product information in Dari and Pushto languages on retail and wholesale packings for promoting sale of Pakistani products.

Published 18 Jun, 2007 12:00am

Essential commodities prices go up in Multan

The prices of pulses of different qualities increased in the Multan market on Sunday, while the rates of potato, onion, tomato and chicken meat also gained and other essential kitchen items remained stable at previous high levels.

Published 18 Jun, 2007 12:00am

Hepatitis under control with comprehensive initiative by government

Less then three percent of total population of the country is hardly aware of the fact that they are suffering from inflammation of liver, the disease commonly known as "Hepatitis", health sources said.

Published 18 Jun, 2007 12:00am

Provincial government criticised for failing to curb crime

Qasim Zia, Leader of the Opposition in the Punjab Assembly while castigating the provincial government in handling of law and order situation criticised the provincial government for failing to curb constantly rising chart of crime in the province.

Published 18 Jun, 2007 12:00am

MQM serving people without discrimination, says Kamal

Nazim Karachi Syed Mustafa Kamal has said that work on over Rs 2 billion projects for supply of potable drinking water for Orangi, Site and Baldia Town has been going on rapidly an with the completion of these projects water shortage problem of all three

Published 18 Jun, 2007 12:00am

Punjab University announces annual exam schedule

The Punjab University has announced that the annual examination 2007 of M.A/M Sc, Part-1 will commence from 21st June. The University has issued the date sheet and roll numbers to the candidates for M.A/M Sc Part-I annual examination 2007.

Published 18 Jun, 2007 12:00am

'PTI ready to answer reference against Imran'

Pakistan Tehrik-e-Insaf Rawalpindi chapter Secretary Information, Sajjad Akhtar said on Sunday that the party was fully prepared to answer the constitutionality of the reference moved against the PTI chief Imran Khan.

Published 18 Jun, 2007 12:00am

International conference from December 20

Under the aegis of World Punjabi Congress (WPC), four days International Conference would be held from December 20-23 at Lahore. According to WPC sources, as many as 200 delegates from 15 countries would attend this first ever moot on mysticism.

Published 18 Jun, 2007 12:00am

Restructuring of export refinance scheme

In an exclusive interview with the Business Recorder the other day, the State Bank Governor Shamshad Akhtar touched upon a number of issues of monetary policy in the country. However, the most important topic discussed was the restructuring of expo

Published 18 Jun, 2007 12:00am

Punjab Budget

Punjab Finance Minister Hasnain Bahadur Dreshak has presented a Rs 356.171 billion, tax-free budget for the fiscal year 2007-08 in the Punjab Assembly, that also includes a record development outlay of Rs 150 billion - higher than the outgoing year's allo

Published 18 Jun, 2007 12:00am

Under the veil of economic growth

Whatever the degree of economic growth, if it is not concurrently translated into common good of the populace, it scarcely carries any meaning. The per capita income of $925 is analogous with per capita geographical area, which equals 0.004975 km or 5 met

Published 18 Jun, 2007 12:00am

Climate change and high rises around us

Another advert proudly proclaims another harbinger of 21st century progress. Another sky scraper to add to the urban landscape, which will herald our entry into club of modem cities such as New York etc. Little do we realise that these high rises, will no

Published 18 Jun, 2007 12:00am

Slow progress on CDGK development work

No doubt, the present City District Government of Karachi (CDGK), under the leadership of City Nazim Syed Mustafa Kamal, is trying to bring back the glories of this mega city, which Karachiites used to dream of.

Published 18 Jun, 2007 12:00am

Education or business

There was a time when there were no coaching centres, except for a few in the country, because teaching standards were high at schools and colleges. But now, the educational level of our institution has fallen and a culture of coaching centres has grown u

Published 18 Jun, 2007 12:00am

KESC's failures

Thanks to the Privatisation Commission (PC), the government, and the KESC, the citizens of Karachi are going through the agony and misery of power outages for the last several months. Even public demonstrations and violence have not brought any sense to t

Published 18 Jun, 2007 12:00am

Rover's Diary: the removal of unfreedoms

US Judge Gurfein in a decision rejecting government efforts to bar publication of the Pentagon Papers, said that we have "a cantankerous press, an obstinate press, ubiquitous press," and that these tribunes of the people "must be suffered by those in auth

Published 18 Jun, 2007 12:00am

For wealthy North, climate change has sunny side

Climate change is expected to have disastrous consequences for Earth but some areas will profit, notably wealthy nations in the northern parts of Europe, Russia and the US, scientists say.

Published 18 Jun, 2007 12:00am

Poverty masks huge enterprise in Asia's biggest slum

The first sight for anyone flying into India's richest city is a sea of corrugated and tarpaulin-covered roofs beside a narrow, filth-choked river. It is an aerial view of Dharavi, considered Asia's biggest shantytown, two square km (0.8 square miles) of

Published 18 Jun, 2007 12:00am

Treasure hunt strikes gold at estate of former Greek royal family

Archaeologists searching the former royal estate outside Athens have discovered a treasure trove of art and antiquities, the fate of which had been unknown since ex-king Constantine fled Greece four decades ago.

Published 18 Jun, 2007 12:00am

Partly Facetious: a tit for tat season

"It's tit for tat season..."

Published 18 Jun, 2007 12:00am

Mango Show from June 23

Pakistan will export mangoes worth $30 million during the current season, as many countries are interested to import mangoes from Pakistan, it is learnt. The annual exhibition, 'Mango Show', is being held in Rahim Yar Khan city under the aegis of the dist

Published 18 Jun, 2007 12:00am

Chief minister urged to arrest rapists of mentally upset girl

The Daska City police remained unable to arrest the rapists of the "ill-fated" mentally upset girl, who was forcibly raped at gunpoint by two local notorious vagabonds in Daska city, two days ago.

Published 18 Jun, 2007 12:00am

Farmers protest hike in DAP prices

The local farmers have protested against the shortage of the DAP fertilisers, as the local district administration still remains unable to control the sale of DAP and Urea fertilisers in black in both neighbouring Sialkot and Narowal districts, besides, r

Published 18 Jun, 2007 12:00am

Iran says new nuclear talks with EU possible soon

Iran's chief nuclear negotiator and the European Union's foreign policy chief may meet again in the next few days for talks on Tehran's disputed nuclear programme, the Iranian Foreign Ministry said on Sunday.

Published 18 Jun, 2007 12:00am

Merkel continues quest for new EU treaty outlines

German Chancellor Angela Merkel on Sunday pressed on with her drive to reach a consensus on the outlines of a new European Union treaty at a summit this week, with Poland still showing resistance to her plans.

Published 18 Jun, 2007 12:00am

Curfew lifted in Baghdad

Iraqis slowly began returning to the streets of Baghdad when a curfew was lifted on Sunday, four days after the bombing of a revered Shia Muslim mosque to the north sparked fears of reprisal sectarian attacks.

Published 18 Jun, 2007 12:00am

Bush suffers court setbacks in war on terrorism

President George W. Bush's broad assertions of power in his war on terrorism are under assault by US judges who have rejected his indefinite imprisonment of enemy combatants and the domestic spying program.

Published 18 Jun, 2007 12:00am

UN envoys say Sudan in agreement on Darfur force

UN Security Council members on Sunday said they had assurances from Sudan that command and control of a joint African Union-UN force in Darfur would be under the world body.

Published 18 Jun, 2007 12:00am

New UN human rights body faces moment of truth

The chairman of the United Nations new human rights watchdog on Sunday presented members with "take-it-or-leave-it" rules of working to include periodic scrutiny of all states, even those on the Security Council.

Published 18 Jun, 2007 12:00am

Sarkozy headed for big win in French poll

France voted on Sunday in a parliamentary election that is expected to give an overwhelming majority to conservative President Nicolas Sarkozy for his programme of tax and labour reform. Despite controversy in the past week over government proposals for a

Published 18 Jun, 2007 12:00am

South Korea welcomes North's invitation of IAEA team

South Korea has welcomed North Korea's invitation to the United Nations nuclear watchdog to send a delegation to Pyongyang, a possible first step towards its nuclear disarmament. North Korea's state news agency said late on Saturday the communist country

Published 18 Jun, 2007 12:00am

Iran condemns knighthood award for Rushdie

Iran accused Britain on Sunday of insulting Islam by awarding a knighthood to Salman Rushdie, whose novel "The Satanic Verses" prompted the late Iranian Ayatollah Ruhollah Khomeini to issue a fatwa death warrant for him.

Published 18 Jun, 2007 12:00am

Yavlinsky may run for Russian president in 2008: Interfax

Grigory Yavlinsky, a liberal reformer and critic of Russian leader Vladimir Putin, may run in the 2008 presidential election, Interfax news agency said. The ruling body of the Yabloko party, which backs democratic values and free-market policies, put forw

Published 18 Jun, 2007 12:00am

Castro meets with third Latin American ally

Nicaraguan President Daniel Ortega and Fidel Castro discussed Cuban-supported education and health care programs in Nicaragua and Venezuelan, state-run media reported on Sunday. The meeting between the two leaders served to deepen bilateral relations betw

Published 18 Jun, 2007 12:00am

London investors may build on recent gains

The British stock market will be looking to build on recent strong gains amid another batch of company trading updates. The FTSE 100 index of leading shares finished at 6,732.40 points on Friday, up 227.3 points or 3.49 percent from a week earlier.

Published 18 Jun, 2007 12:00am

Tokyo shares likely to enjoy solid support

Japanese share prices are likely to enjoy solid support in the coming week as the US market continues its rally and the yen stays low against the dollar, dealers said Friday.

Published 18 Jun, 2007 12:00am

Singapore shares may to trade firmer

Singapore share prices are likely to trade firmer if the city-state's export figures in May improved as expected, dealers said. The government is expected to release on Monday the non-oil domestic exports (NODX) figures for May where analysts have project

Published 18 Jun, 2007 12:00am

Outlook for Thai shares hinges on anti-junta protests

The movement of Thai share prices next week hangs on the outcome of weekend anti-junta protests amid worries over tensions between the military and ousted premier Thaksin Shinawatra, dealers said.

Published 18 Jun, 2007 12:00am

Reinvigorated Wall Street flirts with records again

After a brief scare on inflation and interest rates, Wall Street has regained momentum and is flirting with new record highs as the market prepares for the upcoming corporate earnings season. The market posted solid gains in the week to Friday, recovering

Published 18 Jun, 2007 12:00am

Hong Kong shares may continue up trend

Hong Kong share prices are expected to continue their up trend next week with the possibility of record runs on the back of strong liquidity, dealers said Friday. They said a continued shift of funds from China would continue to boost the local market, as

Published 18 Jun, 2007 12:00am

Indian share prices set to weaken: dealers

Indian share prices are likely to weaken next week and may fall below 14,000 points despite strong economic growth on an uncertain outlook for interest rates and inflation, dealers said on Friday.

Published 18 Jun, 2007 12:00am

Asian currencies mostly lower against dollar

Asian currencies ended the week mostly lower against the dollar after rock-bottom Japanese interest rates were left unaltered and the likelihood of a rise in Australian rates receded.

Published 18 Jun, 2007 12:00am

JGB futures extend gains after Fukui comments

Japanese government bond futures rose on Friday, moving away from a seven-year low after Bank of Japan Governor Toshihiko Fukui said the central bank wants to be more convinced of the sustainability of capital spending and consumption before changing mone

Published 18 Jun, 2007 12:00am

JGB futures extend gains after Fukui comments

Japanese government bond futures rose on Friday, moving away from a seven-year low after Bank of Japan Governor Toshihiko Fukui said the central bank wants to be more convinced of the sustainability of capital spending and consumption before changing mone

Published 18 Jun, 2007 12:00am

Taiwan shares likely to extend gains

Taiwan share prices are expected to extend gains as investors continue confidence after the market hit a seven-year high this week, dealers said Friday.

Published 18 Jun, 2007 12:00am

Malaysian shares to trade within tight range

Malaysian share prices are expected to trade within a tight range on the lack of fresh leads, dealers said on Friday. They said the market should continue its consolidation phase after posting strong rallies since the end of February, while trade is expec

Published 18 Jun, 2007 12:00am

Seoul shares expected to continue rising

South Korean share prices are likely to continue their long running streak of gains in the coming week even though the upward momentum is expected to become weaker, dealers said on Friday. They said the bourse had been on an upward swing for the past 15 w

Published 18 Jun, 2007 12:00am

Fuel scarcity bites as Nigerian strike looms

Kolawole Adeosun slept overnight in his minibus waiting to buy petrol in Nigeria's largest city Lagos, but he supports the strike which has caused the fuel scarcity across Africa's top oil producer.

Published 18 Jun, 2007 12:00am

South Korea says US wants revisions to FTA

South Korea said on Sunday that the United States had proposed some revisions to a free trade agreement between the two countries, in areas including labour rights, environment and investment.

Published 18 Jun, 2007 12:00am

India and Japan eye currency swap deal: paper

India and Japan may finalise currency swap agreements by the end of this year and have already completed two rounds of negotiations, the Economic Times daily reported on Sunday, citing sources close to the development.

Published 18 Jun, 2007 12:00am

WTO's Lamy visits Beijing to push trade progress

The head of the World Trade Organisation, Pascal Lamy, arrived in China on Sunday for a four-day visit aimed at helping to revive momentum in the Doha round of trade talks.

Published 18 Jun, 2007 12:00am

Bangladesh importers scramble for older cars

Bangladeshi car importers have urged the country's army-backed interim government to allow older vehicles in to keep them affordable to buyers, the head of the vehicle importers' association said on Sunday.

Published 18 Jun, 2007 12:00am

Poverty drives migrant workers in Bahrain to suicide

A patch of congealed blood still stains the road where Ashokan Vammoora hit the tarmac, the second Indian worker in three months to jump from a bridge spanning one of Bahrain's busiest highways. Hamza Kannu, an Indian salesman who also jumped from the bri

Published 18 Jun, 2007 12:00am

South Africa strike takes toll on economy, push inflation

South Africa's civil service strike has crippled state institutions and may cost the economy billions of rands, while the impact of higher wages could push up inflation and interest rates.

Published 18 Jun, 2007 12:00am

World Bank to help future Philippine power operator

The private investment arm of the World Bank will give financial help of $200 million to $250 million to whoever wins the bid for a multi-billion-dollar 25-year licence to run the Philippines' power grid, an official of the agency said.

Published 18 Jun, 2007 12:00am

Hong Kong economy thrives in shadow of China

Doomsayers predicted Hong Kong's vibrant economy would be quickly sidelined by China when the territory was handed back to Beijing a decade ago. Instead, while Hong Kong is feeling the heat of competition from China, its economy is thriving having just ex

Published 18 Jun, 2007 12:00am

Moscow still the costliest city for expatriates: survey

Moscow remains the world's most expensive city for expatriates with London close behind after rising three places due to the weakness of the dollar, an annual cost of living survey published on Monday said.

Published 18 Jun, 2007 12:00am

Italian business gives thumbs down to Prodi

Italian business leaders take a dim view of Romano Prodi's centre-left government and give it no credit for the country's improved economic situation, according to a survey published on Sunday in the daily Il Sole 24 Ore.

Published 18 Jun, 2007 12:00am

Lehman Brothers second quarter earnings rise 27 percent

Investment bank Lehman Brothers Holdings Inc on June 12 said that its second-quarter profit rose 27 percent as surging bond underwriting and stock trading revenue more than made up for bond trading results hurt by US mortgage weakness.

Published 18 Jun, 2007 12:00am

Lehman Brothers second quarter earnings rise 27 percent

Investment bank Lehman Brothers Holdings Inc on June 12 said that its second-quarter profit rose 27 percent as surging bond underwriting and stock trading revenue more than made up for bond trading results hurt by US mortgage weakness.

Published 18 Jun, 2007 12:00am

Barclays looks to sweeten ABN bid

British bank Barclays has drawn up contingency plans to restructure its all-share offer for Dutch rival ABN Amro with a significant cash sweetener, the Financial Times reported on June 13.

Published 18 Jun, 2007 12:00am

Air Arabia to list on Dubai bourse

Air Arabia, the Middle East's largest low-cost carrier, plans to list its shares on the Dubai Financial Market this week, the airline's chief executive said on June 13.

Published 18 Jun, 2007 12:00am

Air Arabia to list on Dubai bourse

Air Arabia, the Middle East's largest low-cost carrier, plans to list its shares on the Dubai Financial Market this week, the airline's chief executive said on June 13.

Published 18 Jun, 2007 12:00am

BP on short list for Baltic LNG: Gazprom

BP Plc is one of four companies shortlisted to partner with Gazprom in a $3.7 billion liquefied natural gas (LNG) plant on the Baltic Sea, the Russian gas monopoly's deputy chief executive said on June 13.

Published 18 Jun, 2007 12:00am

Britain contacts Ford over Jaguar sale

The British government has contacted Ford following a report the US automaker is to sell luxury brands Jaguar and Land Rover, an official spokesman said on June 12 amid concern for the fate of British jobs. Ford is understeood to have hired investment ban

Published 18 Jun, 2007 12:00am

Sun Micro eyes revenue rise in China

Sun Microsystems Inc expects a double-digit rate of revenue growth in its greater China region in the next fiscal year as the computer networking firm rolls out new products, a senior executive said on June 15.

Published 18 Jun, 2007 12:00am

Sun Micro eyes revenue rise in China

Sun Microsystems Inc expects a double-digit rate of revenue growth in its greater China region in the next fiscal year as the computer networking firm rolls out new products, a senior executive said on June 15.

Published 18 Jun, 2007 12:00am

BNP strategist sees room for Fed rate cuts

A second round of pain on the fallout from rising mortgage interest rates means the Federal Reserve could still cut benchmark rates later this year, an interest rate strategist with BNP Paribas said on June 12.

Published 18 Jun, 2007 12:00am

Volkswagen and Proton to hold second moot soon

Malaysian national carmaker Proton and German auto giant Volkswagen AG will meet soon in Bangkok to discuss a possible tie-up, state media quoted Prime Minister Abdullah Ahmad Badawi saying on June 12.

Published 18 Jun, 2007 12:00am

Four banks to face trial in Parmalat collapse

An Italian judge on June 13 ordered four international banks, including Citigroup of the United States, to stand trial in connection with the 2003 collapse of food group Parmalat, the Ansa news agency reported.

Published 18 Jun, 2007 12:00am

German companies start hiring on decline in bankruptcies

With German industrial optimism currently at its highest level since reunification in the early 1990s, companies are in hiring mode and the number of corporate failures is on the decrease, new surveys showed on June 12.

Published 18 Jun, 2007 12:00am

HBOS sees 10 percent jump in 2007 profits

HBOS, the fourth-biggest British bank, predicted on June 12 that 2007 earnings would rise by 10 percent thanks to strong corporate lending growth and strong sales of insurance and investment policies.

Published 18 Jun, 2007 12:00am

HBOS sees 10 percent jump in 2007 profits

HBOS, the fourth-biggest British bank, predicted on June 12 that 2007 earnings would rise by 10 percent thanks to strong corporate lending growth and strong sales of insurance and investment policies.

Published 18 Jun, 2007 12:00am

European Islamic bank tapping thriving oil wealth

European Islamic Investment Bank, which offers Sharia-compliant financial products, plans to raise up to $600 million of funds to tap the thriving niche market driven by rising petrodollar wealth.

Published 18 Jun, 2007 12:00am

Robots brush up communication skills

Japanese researchers said on June 13 that they had developed a new system that would allow robots to learn their own communication skills and conversation patterns.

Published 18 Jun, 2007 12:00am

MySpace China to launch message service

MySpace China aims to launch an online messaging service "as soon as possible", its CEO said on June 13, as the venture fights for a bigger share of the world's second-largest Internet market.

Published 18 Jun, 2007 12:00am

Apple in talks over online film rental

US computer and software group Apple is in advanced talks with Hollywood's largest film studios on launching an online film rental service to challenge cable and satellite television operators, the Financial Times reported on June 11.

Published 18 Jun, 2007 12:00am

Video fingerprinting tests on YouTube

YouTube founder Steve Chen said on June 15 that the Internet giant is testing video fingerprinting technology to guard copyrights of videos posted at YouTube. "Today we're experimenting with video identification tools," Chen wrote in a blog posted at the

Published 18 Jun, 2007 12:00am

Steps being taken to check cyber crimes

The provincial government is taking necessary legal measures to check the cyber crimes and computer hacking. Adviser to the Sindh Chief Minister on Information Technology Muhammad Noman Saigal stated this, while taking to a delegation of computer experts

Published 18 Jun, 2007 12:00am

Campaign for more energy-efficient computers

Internet-age technology giants on June 12 joined environmentalists in a campaign to dramatically cut the amount of electricity wasted by computers. Google, Yahoo, Microsoft, Intel and IBM are among more than two dozen firms and organisations behind Climat

Published 18 Jun, 2007 12:00am

PCs world-wide to top 1 billion by 2008

The number of personal computers in use world-wide will top one billion by the end of 2008, and grow to two billion by 2015, a market research firm predicted on June 11.

Published 18 Jun, 2007 12:00am

EU seeks comment on loosening copyright rules

Authors and composers have until July 9 to comment on proposed new EU rules loosening restrictive territorial contracts for copyright registration on the Internet, satellite and cable retransmission of music.

Published 18 Jun, 2007 12:00am

Kenya pioneers 'mobile money' in African first

M-Pesa, a mobile money transfer system recently introduced by Safaricom, Kenya's leading mobile operator, that enables people with access to a cell phone to send and receive money over their handsets in an African first.

Published 18 Jun, 2007 12:00am

40,000 E-books to be available under HEC digital library programme

The Higher Education Commission (HEC) has decided to provide 40,000 online books in addition to 23,000 journals that have been made available through the Digital Library Programme.

Published 18 Jun, 2007 12:00am

Microsoft developer conferences from June 19

Microsoft will hold a series of its annual Developer Conferences in major cities of the country from June 19. Representatives of 18 partner organisations of Microsoft will attend these 'Pakistan Developer Conferences 2007' being arranged in cities includi

Published 18 Jun, 2007 12:00am

Singaporean IT firms keen to invest in Pakistan

Several Singaporean information technology (IT) companies have shown interest to invest here, Adviser to the Sindh Chief Minister on Information Technology Muhammad Noman Saigal stated here on June 14.

Published 18 Jun, 2007 12:00am

Microsoft for joint action on cyber crime

A senior official from US software giant Microsoft appealed on June 11 that for the private and public sectors to link arms to effectively fight a surge in cyber crime.

Published 18 Jun, 2007 12:00am

Crackdown on Internet investment scams

Malaysian authorities said on June 12 that they had cracked down on illegal Internet-based investment schemes, blocking several websites and raiding the offices of one firm on suspicion of money laundering.

Published 18 Jun, 2007 12:00am

HEALTH UPDATE: housework helps lower diabetes risk

Simple household tasks such as doing the laundry, ironing or washing up may reduce the risk of diabetes and heart disease, an Australian study suggests.

Published 18 Jun, 2007 12:00am

HEALTH UPDATE: young kids' snoring may be allergy-related

Snoring in children may be a manifestation of allergic disease, Australian researchers report. In a group of 5-year-olds participating in an asthma prevention study, Dr Nathaniel S. Marshall of the Woolcock Institute for Medical Research in Sydney and his

Published 18 Jun, 2007 12:00am

HEALTH UPDATE: sunscreen helps block skin cancer

The sea, a beach, and loads of sun - for many people these are the main ingredients of a perfect holiday. A corollary is that the darker the summer suntan, the better. But with 22,000 new cases of malignant skin cancer a year, experts warn against excessi

Published 18 Jun, 2007 12:00am

First aid tips to cure sunstroke

Sunstroke, a life-threatening emergency, is most common in prevailing hot and dry weather conditions, however, can be cured through quick remedies and by taking precautionary measures. Sunstroke is a condition which is caused by excessive exposure to the

Published 18 Jun, 2007 12:00am

Brain gets a thrill from charity

Knowing your money is going to a good cause can activate some of the same pleasure centers in your brain as food, US researchers said People who participated in a study got a charge knowing that their money went to a charity - even when the contribution w

Published 18 Jun, 2007 12:00am

Desertification to render many homeless

The United Nations sounded a loud alarm on Sunday about desertification, warning that global warming is helping to drive the onward march of parched land and, in years to come, millions of people could be driven from their homes.

Published 18 Jun, 2007 12:00am

Seeing inside the body possible now

New ways of imaging the heart, the brain and the pelvis could lead to better diagnosis and treatment of illnesses such as heart disease, Alzheimer's disease and ovarian cancer. That's the assessment of a series of studies presented this week at the Societ

Published 18 Jun, 2007 12:00am

Reducing environmental hazards can save 13 million lives world-wide: WHO

The World Health Organisation (WHO) on June 13 released the first-ever country-by-country analysis of the impact, environmental factors have on health.

Published 18 Jun, 2007 12:00am

Advances in medical sciences: better chances of survival for heart-defect babies

With advances in medical sciences, babies with heart defects have a better chance of survival and a near-normal outlook in life.

Published 18 Jun, 2007 12:00am

Chanderpaul defies England again with fifth consecutive test score

Shivnarine Chanderpaul defied England yet again with his fifth consecutive test score in excess of 50 on Sunday as West Indies reached 211 for five at lunch on the third day of the fourth and final test.

Published 18 Jun, 2007 12:00am

Sharapova plays catch-up to reach semi-finals

Maria Sharapova began her quest to play catch-up at the rain-hit Birmingham Classic by winning back-to-back matches on Saturday to reach the semi-finals of the grasscourt championships.

Published 18 Jun, 2007 12:00am

Thai striker Zico makes Asian Cup squad

Experienced striker Kiatisak "Zico" Senamuang will return to the Asian Cup for the first time in 11 years after he was named in Thailand's squad for next month's finals at the weekend.

Published 18 Jun, 2007 12:00am

India stars get graded contracts back

India's cricketers will head for a tour of England on Wednesday with their annual graded contracts back in place following a flip-flop by the sport's administrators.

Published 18 Jun, 2007 12:00am

Bravo grateful for Bothams advice for some tips

West Indies all-rounder Dwayne Bravo thanked Ian Botham for passing on some useful tips as he defied England's attack in the fourth Test at Riverside here on Saturday.

Published 18 Jun, 2007 12:00am

Morocco first team to qualify for Nations Cup finals

Morocco became the first side to formally qualify for next year's African Nations Cup finals after a 1-0 away win over Malawi in Blantyre on Saturday.

Published 18 Jun, 2007 12:00am

Champions Audi maintain firm grip on Le Mans

Champions Audi maintained their firm grip on the Le Mans 24-hour sportscar classic by roaring ahead of the field during the night. The Audi number two, with record seven-times winner Tom Kristensen of Denmark among its drivers, captured the lead in the fi

Published 18 Jun, 2007 12:00am

Arbitration panel to decide on Sheffield United claim

Sheffield United's hopes of playing in the Premier League next season will come before an arbitration panel on Monday, with the relegated club pointing the finger of blame at the league and West Ham United.

Published 18 Jun, 2007 12:00am

Football coaching course concludes

"It's now easier than ever to become a qualified football coach. By getting on the coaching ladder, individuals have the opportunity to progress through the various AFC Coaching qualifications while constantly enhancing their skills and knowledge. To be s

Published 18 Jun, 2007 12:00am

Baddeley in pole at US Open but Woods lurks

Aaron Baddeley grabbed a two-strokes lead in the third round of the US Open on Saturday, but must defy Tiger Woods if he wants to record a second straight win for an Australian.

Published 18 Jun, 2007 12:00am

Berdych of Czech Republic beats Marcos Baghdatis

Tomas Berdych of the Czech Republic beat Marcos Baghdatis 7-5 6-4 on Sunday to spoil the Cypriot's 22nd birthday party and win the Halle Open. Fourth seed Berdych, beaten by Roger Federer in last year's final, was too consistent for Baghdatis this time as

Published 18 Jun, 2007 12:00am

AFC coaching strategy to enhance skills

"It is now easier than ever to become a qualified football coach. By getting on the coaching ladder, individuals have the opportunity to progress through the various AFC Coaching qualifications while constantly enhancing their skills and knowledge. To be

Published 18 Jun, 2007 12:00am

Record-equalling Roddick crowned king of Queen's

Andy Roddick won a record equalling fourth Queen's title with a hard-fought three-set victory over unseeded Nicolas Mahut on Sunday. Roddick, the second seed, will never have worked harder to win any of his titles at the Wimbledon warm-up event as France'

Published 18 Jun, 2007 12:00am

Currency	Rate
USD PKR Interbank Selling / Jun 10	278.56
USD PKR Interbank Buying / Jun 10	278.36
USD to Japanese Yen / Jun 11	160.54
USD to Swiss Franc / Jun 11	0.80
Pound Sterling to USD / Jun 11	1.34
Euro to USD / Jun 11	1.15
SOFR % / Jun 10	3.63

Stock	Volume
S&P 500 / Jun 10	7,266.99
Nasdaq / Jun 10	25,169.50
Dow Jones / Jun 10	49,918.78
India Sensex / Jun 11	74,071.07
Tokyo Nikkei / Jun 11	64,194.91
Hang Seng / Jun 11	24,151.19
FTSE 100 / Jun 11	10,319.53
Germany DAX 30 / Jun 11	24,172.12
France CAC40 / Jun 11	8,180.87

Item	Value
Gold 10 Grams PKR / Jun 10	378,170
Petrol/Litre / Jun 11	377.78
Crude Oil USD/Barrel / Jun 11	90.59
Gold Spot USD/Ounce / Jun 11	4,094.57
Diesel/Litre / Jun 11	380.78
Cotton US¢/pound / Jun 11	75.27

Stock	Price
First Fid. Leasing / Jun 11 First Fidelity Leasing Modaraba(FFLM)	11.74 ▲ 1.07 (10.03%)
Sitara Petroleum Service / Jun 11 Sitara Petroleum Service Limited(SPSL)	21.66 ▲ 1.97 (10.01%)
Cherat Packaging / Jun 11 Cherat Packaging Limited(CPPL)	101.30 ▲ 9.21 (10%)
Data Agro / Jun 11 Data Agro Limited(DAAG)	103.47 ▲ 9.41 (10%)
Elahi Cotton / Jun 11 Elahi Cotton Mills Limited(ELCM)	259.78 ▲ 23.62 (10%)
Kohat Textile / Jun 11 Kohat Textile Mills Limited(KOHTM)	134.95 ▲ 12.27 (10%)
Leather Up Ltd. / Jun 11 Leather Up Limited(LEUL)	46.86 ▲ 4.26 (10%)
Tandlianwala Sugar / Jun 11 Tandlianwala Sugar Mills Limited(TSML)	513.04 ▲ 46.64 (10%)
Zephyr Textile / Jun 11 Zephyr Textiles Limited(ZTL)	18.59 ▲ 1.69 (10%)
EMCO Industries / Jun 11 Emco Industries Limited(EMCO)	51.05 ▲ 4.64 (10%)

Stock	Price
Lse Spac-I Ltd. / Jun 11 Lse Spac-I Limited(SPAC1)	16.03 ▼ -1.57 (-8.92%)
Shadman Cotton / Jun 11 Shadman Cotton Mills Limited(SHCM)	48.98 ▼ -4.14 (-7.79%)
Dewan Automotive Eng. / Jun 11 Dewan Automotive Engineering Limited(DWAE)	25.55 ▼ -2.11 (-7.63%)
Power Cem(Pref) / Jun 11 Power Cement (Pref)(POWERPS)	26.16 ▼ -2.12 (-7.5%)
Dadex Eternit / Jun 11 Dadex Eternit Limited(DADX)	105.04 ▼ -7.96 (-7.04%)
B.R.R. Guardian / Jun 11 B.R.R. Guardian Limited(BRRG)	45.20 ▼ -3.32 (-6.84%)
Popular Islamic / Jun 11 Popular Islamic Modaraba(PIM)	23.07 ▼ -1.62 (-6.56%)
Paramount Spinning / Jun 11 Paramount Spinning Mills Limited(PASM)	6.76 ▼ -0.47 (-6.5%)
Sana Ind / Jun 11 Sana Industries Limited(SNAI)	38.34 ▼ -2.66 (-6.49%)
TPL Trakker Ltd / Jun 11 TPL Trakker Limited(TPLT)	21.31 ▼ -1.45 (-6.37%)

Stock	Volume
F. Nat.Equities / Jun 11 First National Equities Limited(FNEL)	118,360,814 ▲ 0.04
Sitara Petroleum Service / Jun 11 Sitara Petroleum Service Limited(SPSL)	53,704,295 ▲ 1.97
Maple Leaf Cement / Jun 11 Maple Leaf Cement Factory Limited(MLCF)	35,476,080 ▲ 0.91
Loads Limited / Jun 11 Loads Limited(LOADS)	30,774,934 ▲ 0.78
TPL REIT Fund I / Jun 11 TPL REIT Fund I(TPLRF1)	26,676,185 ▲ 0.66
TPL Corp Ltd / Jun 11 TPL Corp Limited(TPL)	25,374,806 ▲ 0.21
Kohinoor Spinning / Jun 11 Kohinoor Spinning Mills Limited(KOSM)	24,398,073 ▲ 0.09
TPL Properties / Jun 11 TPL Properties Limited(TPLP)	24,233,185 ▼ -0.22
WorldCall Telecom / Jun 11 Worldcall Telecom Limited(WTL)	17,647,612 ▲ 0.01
At-Tahur Ltd. / Jun 11 At-Tahur Limited(PREMA)	13,973,465 ▲ 1.22