BR100 Decreased By (-0.7%)
BR30 Decreased By (-0.71%)
KSE100 Decreased By (-0.53%)
KSE30 Decreased By (-0.55%)
BECO 5.66 Decreased By ▼ -0.02 (-0.35%)
BML 63.53 Decreased By ▼ -1.31 (-2.02%)
BOP 33.60 No Change ▼ 0.00 (0%)
CNERGY 8.14 Decreased By ▼ -0.10 (-1.21%)
DCL 11.40 Increased By ▲ 0.05 (0.44%)
FCCL 52.18 Decreased By ▼ -0.73 (-1.38%)
FCSC 5.52 No Change ▼ 0.00 (0%)
FFL 17.75 Decreased By ▼ -0.05 (-0.28%)
FNEL 1.30 No Change ▼ 0.00 (0%)
HUMNL 11.20 Decreased By ▼ -0.04 (-0.36%)
KEL 7.88 Decreased By ▼ -0.09 (-1.13%)
KOSM 5.63 Increased By ▲ 0.19 (3.49%)
MLCF 85.75 Decreased By ▼ -0.26 (-0.3%)
NBP 184.00 Decreased By ▼ -1.00 (-0.54%)
PACE 11.68 Decreased By ▼ -0.34 (-2.83%)
PAEL 40.30 Increased By ▲ 0.09 (0.22%)
PIAHCLA 25.87 Increased By ▲ 0.14 (0.54%)
PIBTL 17.05 Decreased By ▼ -0.27 (-1.56%)
PPL 224.70 Decreased By ▼ -0.60 (-0.27%)
PRL 34.60 Increased By ▲ 0.22 (0.64%)
PTC 64.19 Decreased By ▼ -1.27 (-1.94%)
SEARL 90.40 Decreased By ▼ -0.11 (-0.12%)
SSGC 26.56 Decreased By ▼ -0.20 (-0.75%)
TELE 9.08 Increased By ▲ 0.12 (1.34%)
THCCL 67.23 Decreased By ▼ -2.21 (-3.18%)
TPLP 11.40 Increased By ▲ 0.09 (0.8%)
TREET 24.70 Increased By ▲ 0.15 (0.61%)
TRG 71.14 Decreased By ▼ -0.53 (-0.74%)
WAVES 10.91 Decreased By ▼ -0.54 (-4.72%)
WTL 1.27 Decreased By ▼ -0.01 (-0.78%)
اردو
Android App
Print Edition Dollar to PKR
Budget 2026-27 Iran-US war Petrol Prices Gold Rates Podcasts PSX Notices
Archive - 2007-06-25
Saudi company to spend $51 billion on power generation

Saudi company to spend $51 billion on power generation

Saudi Electricity Co said on June 20 it would invest 190 billion riyals ($51 billion) to increase generating capacity by 60 percent by 2015 to meet surging power demand. The company would invest around 7 billion riyals a year of its own cash and raise the
Published 25 Jun, 2007 12:00am
HSBC picks Flockhart to head bank's Asia unit

HSBC picks Flockhart to head bank's Asia unit

HSBC, the world's third-biggest bank, announced on June 20 that the head of its Latin American operations, Sandy Flockhart, has been appointed new boss of the British group's Asia unit. Flockhart, 55, replaces Michael Smith as Asia chief executive from Ju
Published 25 Jun, 2007 12:00am
Who and what can save Yahoo?

Who and what can save Yahoo?

A day after Yahoo CEO Terry Semel announced he was stepping down, speculation was rife on June 19 on whether his successors can put the luster back on the fading internet star.
Published 25 Jun, 2007 12:00am
In Short: Pakistan joins Global Telecom Trend

In Short: Pakistan joins Global Telecom Trend

Warid, a venture of the Abu Dhabi Group, has chosen the Telcordia Number Portability Gateway, which improves its competitive position by increasing the flow of porting requests and improving customer experience.
Published 25 Jun, 2007 12:00am
EU regulators clear NBC-News Corp online video

EU regulators clear NBC-News Corp online video

EU regulators waved through on June 21 plans between media titans NBC Universal and News Corp to set up an online video website aimed at rivaling the wildly popular YouTube owned by Google. The European Commission "granted clearance" to the joint venture
Published 25 Jun, 2007 12:00am
Free ad-based mobile email service

Free ad-based mobile email service

Southeast Asia's largest telecom Singapore Telecommunications said on June 19 that it has become the first operator in the Asia Pacific region to offer free email services to its post-paid subscribers.
Published 25 Jun, 2007 12:00am
LG sells 3G Google phones in Europe

LG sells 3G Google phones in Europe

LG Electronics said on June 20 that it would sell third-generation (3G) mobile phones in Europe this week, installed with mobile services of the world's top Internet search engine Google.
Published 25 Jun, 2007 12:00am
Ericsson sees more mobile phone growth in South Asia

Ericsson sees more mobile phone growth in South Asia

Swedish telecoms giant Ericsson said on June 20 that there is still room for further strong growth in mobile phone penetration rates in Southeast Asia. The company, which defined Southeast Asia to include Bangladesh as well, said two-thirds of the region'
Published 25 Jun, 2007 12:00am
Ericsson sees more mobile phone growth in South Asia

Ericsson sees more mobile phone growth in South Asia

Swedish telecoms giant Ericsson said on June 20 that there is still room for further strong growth in mobile phone penetration rates in Southeast Asia. The company, which defined Southeast Asia to include Bangladesh as well, said two-thirds of the region'
Published 25 Jun, 2007 12:00am
Flood of data to collapse Internet traffic soon

Flood of data to collapse Internet traffic soon

As the flood of data across the Internet continues to increase, there are those that say sometime soon it is going to collapse under its own weight, but that is what they said last year.
Published 25 Jun, 2007 12:00am
Google aims to go carbon-neutral by end 2007

Google aims to go carbon-neutral by end 2007

Google Inc aims to voluntarily cut or offset all of its greenhouse emissions by the end of the year, the Web search leader said on June 19. Google is one of a number of companies, including News Corp and Yahoo Inc that are attempting to cut emissions of g
Published 25 Jun, 2007 12:00am
YouTube goes in nine languages

YouTube goes in nine languages

The video-sharing website YouTube announced here on June 19 the launch of an international service in nine languages. Local language versions are now available in Britain, Brazil, France, Ireland, Italy, Japan, the Netherlands, Poland and Spain, YouTube c
Published 25 Jun, 2007 12:00am
Make mobile phone calls at high altitude

Make mobile phone calls at high altitude

One of the last telephone-free environments on the planet, the airplane, is about to be connected, allowing travellers to make mobile phone calls at high altitude.
Published 25 Jun, 2007 12:00am
HEALTH UPDATE: older siblings have higher IQ

HEALTH UPDATE: older siblings have higher IQ

Boys at the top of the pecking order either by birth or because their older siblings died score higher on IQ tests than their younger brothers. The question of whether firstborn and only children are smarter than those who come along later has been hotly
Published 25 Jun, 2007 12:00am
HEALTH UPDATE: fitness level predicts heart problems

HEALTH UPDATE: fitness level predicts heart problems

Cardiovascular fitness may predict the odds of a future heart attack in men and women with no apparent signs of heart disease, a large study suggests. Researchers found that of more than 26,000 adults with no symptoms of heart disease, those who showed th
Published 25 Jun, 2007 12:00am
HEALTH UPDATE: children's leg pains can mask serious infection

HEALTH UPDATE: children's leg pains can mask serious infection

When children complain about leg pain, parents should pay attention and try to find out where the pain is and when it occurs. "Children often complain about pain in their knees, but the cause is usually somewhere entirely different," says Gunhild Kilian-K
Published 25 Jun, 2007 12:00am
HEALTH UPDATE: aspirin prevents pre-eclampsia

HEALTH UPDATE: aspirin prevents pre-eclampsia

According to a study in the Lancet, taking aspirin can help reduce the risk of dangerously high blood pressure in pregnant women as well as premature births.
Published 25 Jun, 2007 12:00am
HEALTH UPDATE: gene therapy for Parkinson results promising

HEALTH UPDATE: gene therapy for Parkinson results promising

The first attempt at gene therapy against Parkinson's disease has yielded promising results and is safe, according to early data from this ground-breaking experiment. The pilot study, conducted among 11 men and one woman in New York, marks the first-ever
Published 25 Jun, 2007 12:00am
HEALTH UPDATE: key hearing loss gene identified

HEALTH UPDATE: key hearing loss gene identified

In a latest research a gene responsible for the single most common cause of hearing loss among white adults has been identified. According to the study Belgian researcher hope their discovery will lead to new treatments for otosclerosis, which affects app
Published 25 Jun, 2007 12:00am
Height and weight of children low compared to other countries

Height and weight of children low compared to other countries

The height and weight of our children is low as compared to some foreign countries, says an expert. Professor Dr Syed Arif Kamal, Project Director, National Growth and Developmental Standards (NGDS), Department of Mathematics, University of Karachi said h
Published 25 Jun, 2007 12:00am
'Summer Solstice' myth

'Summer Solstice' myth

June 22 was the year's longest day in the countries located in the northern hemisphere including Pakistan. The Met office spokesman told APP here Jun 22, that the longest day is called the "Summer Solstice".
Published 25 Jun, 2007 12:00am
Life on the farm may not be so healthy

Life on the farm may not be so healthy

Farm workers seem to have an elevated risk of developing a serious lung condition more typically seen in smokers, a study has shown. Austrian researchers found that among more than 1000 adults who underwent tests of lung function, farmers were more likely
Published 25 Jun, 2007 12:00am
Cinnamon helps blood sugar stay down

Cinnamon helps blood sugar stay down

Adding some cinnamon to your dessert may temper the blood sugar surge that follows a sweet treat, a new study suggests. Researchers at Malmo University Hospital in Sweden found that adding a little more than a teaspoon of cinnamon to a bowl of rice puddin
Published 25 Jun, 2007 12:00am
Mercury risk from antique items

Mercury risk from antique items

Many items of years gone by - including barometers, thermometers, lamps, clocks and mirrors - contain the toxin and can pose a real threat to health, according to an article in Morbidity and Mortality Weekly Report, a publication of the US Centres for Dis
Published 25 Jun, 2007 12:00am
Tuberculosis rate alarmingly high

Tuberculosis rate alarmingly high

Tuberculosis is a significant public health problem for both industrialised and developing countries. The WHO has indicated that one-third of the world's population is infected by TB. Pakistan is currently listed among the six countries where the problem
Published 25 Jun, 2007 12:00am
Desalination no answer to water crisis

Desalination no answer to water crisis

Removing salt from sea water to overcome a world-wide shortage of drinking water could end up worsening the crisis, environmental group WWF warned on June 19.
Published 25 Jun, 2007 12:00am
Airbus flies high at record-breaking Paris Air Show

Airbus flies high at record-breaking Paris Air Show

Airbus cast aside worries about the future of two of its new aircraft and broke records at the 47th Paris Air Show with a haul of 728 orders, allowing it to nose past its arch-rival the US planemaker Boeing.
Published 25 Jun, 2007 12:00am
Bangladesh carrier to Biman

Bangladesh carrier to Biman

Bangladesh's ailing national carrier will drop Biman from its name under a restructuring plan by the country's military-backed emergency government, an airline official said Sunday. "Bangladesh Biman Airlines will be named Bangladesh Airlines when it is m
Published 25 Jun, 2007 12:00am
WTO free trade deal seen better than nothing

WTO free trade deal seen better than nothing

Even a modest global trade pact may be better than nothing, according to economists and analysts who say the implosion of faltering World Trade Organisation talks would carry big costs.
Published 25 Jun, 2007 12:00am
UAE won't quit US dollar peg without other GCC states

UAE won't quit US dollar peg without other GCC states

The United Arab Emirates will not drop its currency peg to the US dollar without other Gulf countries doing the same, the country's central bank governor said on Sunday. Six countries in the Gulf Cooperation Council are planning a single currency by 2010.
Published 25 Jun, 2007 12:00am
Made-in-China fears grip US

Made-in-China fears grip US

China, a traditional source of cheap goods, has become an alarmingly top exporter of tainted and dangerous products to the United States, triggering concerns among consumers and regulators.
Published 25 Jun, 2007 12:00am
Trust Russia on energy: Putin

Trust Russia on energy: Putin

Russian President Vladimir Putin on Sunday called for greater trust in relations between Moscow and the Balkan countries of south-eastern Europe, as he outlined a series of energy projects in the region. Putin made his appeal at a meeting with the leaders
Published 25 Jun, 2007 12:00am
Asia urged to take lead on global challenges

Asia urged to take lead on global challenges

Asia must take a leading role in tackling pressing global issues and cope with the impact of rapid growth to preserve its long-term prosperity, regional officials and business leaders said Sunday.
Published 25 Jun, 2007 12:00am
Toyota aims to offer new hybrid car by 2009

Toyota aims to offer new hybrid car by 2009

Toyota Motor Corp plans to put a new low-emission hybrid car on the market by 2009, following the international success of its Prius model, the Nikkei financial daily said on Sunday.
Published 25 Jun, 2007 12:00am
Kuwait oil minister faces axe but policy won't change

Kuwait oil minister faces axe but policy won't change

Kuwait's oil minister could be removed from office after a grilling by opposition MPs on Monday, but the OPEC member's oil policy is not expected to change dramatically, analysts said on Sunday.
Published 25 Jun, 2007 12:00am
Lysenko wants new world record in Osaka

Lysenko wants new world record in Osaka

Russian hammer thrower Tatyana Lysenko admitted she was disappointed not to break her own world record on Sunday's second day of the European Cup in Munich, but says her goal is to beat her mark in Osaka.
Published 25 Jun, 2007 12:00am
Rain threatens Sri Lanka-Bangladesh Test

Rain threatens Sri Lanka-Bangladesh Test

Uncertain weather remains Sri Lanka's main concern as they attempt to extend their supremacy over Bangladesh in a three-Test series starting here on Monday (Today). Sudden heavy showers, common for the region at this time of the year, have hampered prepar
Published 25 Jun, 2007 12:00am
Stoner storms to fifth win at British MotoGP

Stoner storms to fifth win at British MotoGP

Casey Stoner of Australia extended his overall world championship lead after storming to his fifth victory of the season at the British MotoGP here on Sunday. The Ducati rider dominated on a damp circuit at Donington Park to finish 11.768sec ahead of Amer
Published 25 Jun, 2007 12:00am
Junior All Blacks thrash Japan in Pacific Nations

Junior All Blacks thrash Japan in Pacific Nations

New Zealand's Junior All Blacks scored 41 unanswered points in the second half to thrash Japan 51-3 in Tokyo on Sunday and remain undefeated in the Pacific Nations Cup. The Junior All Blacks had already wrapped up the title heading into the final round bu
Published 25 Jun, 2007 12:00am
Ferrari Formula One employee Stepney denies sabotage

Ferrari Formula One employee Stepney denies sabotage

Former Ferrari technical manager Nigel Stepney has accused the Formula One team of waging a dirty tricks campaign against him amid legal proceedings and allegations of sabotage. "I have confidence I'll be cleared by the legal process that is now taking pl
Published 25 Jun, 2007 12:00am
Federer eyes Borg record with mixed emotions

Federer eyes Borg record with mixed emotions

Roger Federer will have mixed emotions if he equals Bjorn Borg's record of five successive Wimbledon titles. Borg dominated Wimbledon for five years between 1976 and 1980 and Federer is odds-on to emulate that achievement but, while the Swiss would love t
Published 25 Jun, 2007 12:00am
Indian team coping fine without coach: Robin Singh

Indian team coping fine without coach: Robin Singh

India fielding chief Robin Singh has said the team is coping just fine without a coach. India, who saw Greg Chappell quit his post as coach after the team's failure to reach the second round of the World Cup, were left without a successor after South Afri
Published 25 Jun, 2007 12:00am
Harbhajan rejoins Surrey

Harbhajan rejoins Surrey

Harbhajan Singh has rejoined Surrey and will link-up with the London-based club on July 2, the county announced on Sunday. The India off-spinner has been overlooked for his country's forthcoming three-Test and seven one-day international tour of England.
Published 25 Jun, 2007 12:00am
Britain's Murray pulls out of Wimbledon

Britain's Murray pulls out of Wimbledon

Andy Murray has pulled out of the Wimbledon tennis championships, which start on Monday, having failed to recover from a wrist injury. The British number one has not played since suffering a micro-tear in a tendon in his right wrist at the Hamburg clay co
Published 25 Jun, 2007 12:00am
Vietnam beat Jamaica 3-0 in friendly

Vietnam beat Jamaica 3-0 in friendly

Hosts Vietnam beat Jamaica 3-0 in a friendly here on Sunday, dealing the Caribbean visitors the second defeat of their Asian tour after the team dubbed the Reggae Boyz lost 2-1 against Indonesia.Underdogs Vietnam, playing before a sparse crowd in Hanoi's
Published 25 Jun, 2007 12:00am
New Zealand get boost after beating Alinghi

New Zealand get boost after beating Alinghi

Challenger Emirates Team New Zealand received a huge confidence boost here Sunday after trumping Swiss defender Alinghi to win the second race of the America's Cup and draw the best-of-nine series level at 1-1.
Published 25 Jun, 2007 12:00am
Moores expects Flintoff to return before summer's end

Moores expects Flintoff to return before summer's end

England cricket coach Peter Moores is tipping star all-rounder Andrew Flintoff to recover from injury and return to action before the end of the summer. Flintoff underwent his third ankle operation at the start of June and missed the entire 3-0 Test serie
Published 25 Jun, 2007 12:00am
Henry set to touch down in Barcelona

Henry set to touch down in Barcelona

French striker Thierry Henry will arrive in Barcelona later Sunday to finalise his transfer from Premiership side Arsenal, the Spanish club have confirmed.
Published 25 Jun, 2007 12:00am
KKI weekly market review

KKI weekly market review

Khanani & Kalia International (Pvt) Limited Weekly Market Review on Sunday (June 24, 2007).
Published 25 Jun, 2007 12:00am
The Weather

The Weather

The weather report on Sunday (June 24, 2007) and the forecast for Monday (June 25, 2007).
Published 25 Jun, 2007 12:00am
Your rupee last week

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (June 18 to 23, 2007).

Published 25 Jun, 2007 12:00am
Over Rs 1.67 billion irregularities unearthed in PIAC

Over Rs 1.67 billion irregularities unearthed in PIAC

The Auditor General of Pakistan has unearthed irregularities of more than Rs 1.674 billion in the Pakistan International Airlines Corporation, as the authorities have failed to recover Rs 60.986 million stuck-up in an Iraqi bank since 1990.
Published 25 Jun, 2007 12:00am
Over Rs 1.67 billion irregularities unearthed in PIAC

Over Rs 1.67 billion irregularities unearthed in PIAC

The Auditor General of Pakistan has unearthed irregularities of more than Rs 1.674 billion in the Pakistan International Airlines Corporation, as the authorities have failed to recover Rs 60.986 million stuck-up in an Iraqi bank since 1990.
Published 25 Jun, 2007 12:00am
Over Rs 1.67 billion irregularities unearthed in PIAC

Over Rs 1.67 billion irregularities unearthed in PIAC

The Auditor General of Pakistan has unearthed irregularities of more than Rs 1.674 billion in the Pakistan International Airlines Corporation, as the authorities have failed to recover Rs 60.986 million stuck-up in an Iraqi bank since 1990.
Published 25 Jun, 2007 12:00am
Audit reports show huge misuse of funds by CAA, NHA and CDA

Audit reports show huge misuse of funds by CAA, NHA and CDA

The Civil Aviation Authority (CAA) has failed to retrieve assets from the contractor while taking over New Terminal Complex Lahore Building, causing a loss of $7.906 million and Rs 231.41 million, said Audit Report for 2004-05.
Published 25 Jun, 2007 12:00am
Audit reports show huge misuse of funds by CAA, NHA and CDA

Audit reports show huge misuse of funds by CAA, NHA and CDA

The Civil Aviation Authority (CAA) has failed to retrieve assets from the contractor while taking over New Terminal Complex Lahore Building, causing a loss of $7.906 million and Rs 231.41 million, said Audit Report for 2004-05.
Published 25 Jun, 2007 12:00am
Audit reports show huge misuse of funds by CAA, NHA and CDA

Audit reports show huge misuse of funds by CAA, NHA and CDA

The Civil Aviation Authority (CAA) has failed to retrieve assets from the contractor while taking over New Terminal Complex Lahore Building, causing a loss of $7.906 million and Rs 231.41 million, said Audit Report for 2004-05.
Published 25 Jun, 2007 12:00am
SITUATIONER: rains and billboards wreak havoc on Karachiites

SITUATIONER: rains and billboards wreak havoc on Karachiites

Country's largest city has the highest number of billboards used for putting advertisements on. While it is a major source of income for city government, Railways, Civil Aviation Authority and cantonment boards, etc, their ever increasing number gives a s
Published 25 Jun, 2007 12:00am
SITUATIONER: rains and billboards wreak havoc on Karachiites

SITUATIONER: rains and billboards wreak havoc on Karachiites

Country's largest city has the highest number of billboards used for putting advertisements on. While it is a major source of income for city government, Railways, Civil Aviation Authority and cantonment boards, etc, their ever increasing number gives a s
Published 25 Jun, 2007 12:00am
Austria updates rules to avoid double taxation

Austria updates rules to avoid double taxation

Austrian finance ministry is updating procedures to implement the provisions of double taxation convention with respect to withholding tax regime with Pakistan. Sources in the Central Board of Revenue (CBR) told Business Recorder that the Austrian
Published 25 Jun, 2007 12:00am
Austria updates rules to avoid double taxation

Austria updates rules to avoid double taxation

Austrian finance ministry is updating procedures to implement the provisions of double taxation convention with respect to withholding tax regime with Pakistan. Sources in the Central Board of Revenue (CBR) told Business Recorder that the Austrian
Published 25 Jun, 2007 12:00am
Austria updates rules to avoid double taxation

Austria updates rules to avoid double taxation

Austrian finance ministry is updating procedures to implement the provisions of double taxation convention with respect to withholding tax regime with Pakistan. Sources in the Central Board of Revenue (CBR) told Business Recorder that the Austrian
Published 25 Jun, 2007 12:00am
Nato admits civilian deaths in anti-Taliban fight

Nato admits civilian deaths in anti-Taliban fight

The Nato-led force in Afghanistan admitted on Sunday to killing more civilians, this time in Pakistan, a day after harsh criticism from President Hamid Karzai about military operations.
Published 25 Jun, 2007 12:00am
Nato admits civilian deaths in anti-Taliban fight

Nato admits civilian deaths in anti-Taliban fight

The Nato-led force in Afghanistan admitted on Sunday to killing more civilians, this time in Pakistan, a day after harsh criticism from President Hamid Karzai about military operations.
Published 25 Jun, 2007 12:00am
THE RUPEE: firm conditions despite importers' rush for dollars

THE RUPEE: firm conditions despite importers' rush for dollars

Importers' rush for dollars to clear imports bills pushed the rupee down slightly in the open market during the week ended on June 24, 2007, dealers said. However, the rupee did not show any major change against dollar in interbank dealings at Rs 60.61 an
Published 25 Jun, 2007 12:00am
THE RUPEE: firm conditions despite importers' rush for dollars

THE RUPEE: firm conditions despite importers' rush for dollars

Importers' rush for dollars to clear imports bills pushed the rupee down slightly in the open market during the week ended on June 24, 2007, dealers said. However, the rupee did not show any major change against dollar in interbank dealings at Rs 60.61 an
Published 25 Jun, 2007 12:00am
UK-US investment stands at $2.683 billion

UK-US investment stands at $2.683 billion

Investments by USA and UK in Pakistan have gone up by 107 percent and 690 percent, respectively, together touching the high level of $2.683 billion during July-May period of current fiscal year, making 42 percent of overall investment in the country again
Published 25 Jun, 2007 12:00am
UK-US investment stands at $2.683 billion

UK-US investment stands at $2.683 billion

Investments by USA and UK in Pakistan have gone up by 107 percent and 690 percent, respectively, together touching the high level of $2.683 billion during July-May period of current fiscal year, making 42 percent of overall investment in the country again
Published 25 Jun, 2007 12:00am
UK-US investment stands at $2.683 billion

UK-US investment stands at $2.683 billion

Investments by USA and UK in Pakistan have gone up by 107 percent and 690 percent, respectively, together touching the high level of $2.683 billion during July-May period of current fiscal year, making 42 percent of overall investment in the country again
Published 25 Jun, 2007 12:00am
CBR to freeze sales tax defaulters bank accounts

CBR to freeze sales tax defaulters bank accounts

To freeze the banks accounts of sales tax defaulters, the Central Board of Revenue (CBR) has obtained powers to restrict the sales taxpayers to use only one or two bank accounts, declared with the department, for carrying out all their business transactio
Published 25 Jun, 2007 12:00am
CBR to freeze sales tax defaulters bank accounts

CBR to freeze sales tax defaulters bank accounts

To freeze the banks accounts of sales tax defaulters, the Central Board of Revenue (CBR) has obtained powers to restrict the sales taxpayers to use only one or two bank accounts, declared with the department, for carrying out all their business transactio
Published 25 Jun, 2007 12:00am
CBR to freeze sales tax defaulters bank accounts

CBR to freeze sales tax defaulters bank accounts

To freeze the banks accounts of sales tax defaulters, the Central Board of Revenue (CBR) has obtained powers to restrict the sales taxpayers to use only one or two bank accounts, declared with the department, for carrying out all their business transactio
Published 25 Jun, 2007 12:00am
Rs 1.025 trillion tax target for fiscal year 2008 achievable: CBR

Rs 1.025 trillion tax target for fiscal year 2008 achievable: CBR

The country's continuous economic growth will help to achieve the historic tax collection target of Rs 1.025 trillion for the next fiscal year. Central Board of Revenue (CBR) Chairman Abdullah Yusuf while talking to newsmen at Chartered Presentation Cerem
Published 25 Jun, 2007 12:00am
Rains toll tops 235

Rains toll tops 235

The death toll, due to the accidents caused by torrential rains coupled with wind blowing at a speed of over 60 nautical miles per hour, had reached 235 till Sunday night. As many as 47 deaths had been confirmed on Saturday night, resulting due to the fal
Published 25 Jun, 2007 12:00am
Rains toll tops 235

Rains toll tops 235

The death toll, due to the accidents caused by torrential rains coupled with wind blowing at a speed of over 60 nautical miles per hour, had reached 235 till Sunday night. As many as 47 deaths had been confirmed on Saturday night, resulting due to the fal
Published 25 Jun, 2007 12:00am
PSO bidders seek PC indemnity in light of CCI verdict

PSO bidders seek PC indemnity in light of CCI verdict

Some bidders are seeking indemnity from the Privatisation Commission (PC) as they feel that the Council of Common Interests (CCI) had cleared Pakistan State Oil (PSO) for sell-off to the private sector, but with the condition of disbundling the oil market
Published 25 Jun, 2007 12:00am
PSO bidders seek PC indemnity in light of CCI verdict

PSO bidders seek PC indemnity in light of CCI verdict

Some bidders are seeking indemnity from the Privatisation Commission (PC) as they feel that the Council of Common Interests (CCI) had cleared Pakistan State Oil (PSO) for sell-off to the private sector, but with the condition of disbundling the oil market
Published 25 Jun, 2007 12:00am
PSO bidders seek PC indemnity in light of CCI verdict

PSO bidders seek PC indemnity in light of CCI verdict

Some bidders are seeking indemnity from the Privatisation Commission (PC) as they feel that the Council of Common Interests (CCI) had cleared Pakistan State Oil (PSO) for sell-off to the private sector, but with the condition of disbundling the oil market
Published 25 Jun, 2007 12:00am
Stock market falls prey to negative news

Stock market falls prey to negative news

The Karachi share market last week ended on June 22 took a downturn due to further delay in PSO privatisation, the alleged fraud in the Bank of Punjab and continuing uncertainty on political front.
Published 25 Jun, 2007 12:00am
Stock market falls prey to negative news

Stock market falls prey to negative news

The Karachi share market last week ended on June 22 took a downturn due to further delay in PSO privatisation, the alleged fraud in the Bank of Punjab and continuing uncertainty on political front.
Published 25 Jun, 2007 12:00am
Stock market falls prey to negative news

Stock market falls prey to negative news

The Karachi share market last week ended on June 22 took a downturn due to further delay in PSO privatisation, the alleged fraud in the Bank of Punjab and continuing uncertainty on political front.
Published 25 Jun, 2007 12:00am
CFS funding stable

CFS funding stable

Investment under continuous funding system (CFS) at the local share market remained quite stable at Rs 54.43 billion on Friday, June 22, which was the same as seen on previous Friday, June 15.
Published 25 Jun, 2007 12:00am
CFS funding stable

CFS funding stable

Investment under continuous funding system (CFS) at the local share market remained quite stable at Rs 54.43 billion on Friday, June 22, which was the same as seen on previous Friday, June 15.
Published 25 Jun, 2007 12:00am
CFS funding stable

CFS funding stable

Investment under continuous funding system (CFS) at the local share market remained quite stable at Rs 54.43 billion on Friday, June 22, which was the same as seen on previous Friday, June 15.
Published 25 Jun, 2007 12:00am
CFS funding stable

CFS funding stable

Investment under continuous funding system (CFS) at the local share market remained quite stable at Rs 54.43 billion on Friday, June 22, which was the same as seen on previous Friday, June 15.
Published 25 Jun, 2007 12:00am
Share prices tumble on LSE

Share prices tumble on LSE

Share prices edged lower on the Lahore Stock Exchange (LSE) amid range-bound activity as people stayed on sidelines following filing of reference against the prime minister by the combined opposition, coupled with the news appearing in a section of press
Published 25 Jun, 2007 12:00am
Share prices tumble on LSE

Share prices tumble on LSE

Share prices edged lower on the Lahore Stock Exchange (LSE) amid range-bound activity as people stayed on sidelines following filing of reference against the prime minister by the combined opposition, coupled with the news appearing in a section of press
Published 25 Jun, 2007 12:00am
Ghazi says Chinese women were running brothel

Ghazi says Chinese women were running brothel

Deputy Administrator of Lal Masjid Maulana Abdur Rashid Ghazi, while justifying kidnapping of the Chinese women and men, has claimed that the Chinese women were running a brothel in the name of a massage parlour.
Published 25 Jun, 2007 12:00am
Mustafa suspends chief engineer of KWSB

Mustafa suspends chief engineer of KWSB

City Nazim Syed Mustafa Kamal has suspended Chief Engineer (Electrical and Mechanical) Karachi Water and Sewerage Board, Gulzar Memon and ordered an inquiry against him. The City Nazim took action against the officer for providing wrong information to the
Published 25 Jun, 2007 12:00am
Curbing bogus refund claims: FTO advises CBR to maintain proper record

Curbing bogus refund claims: FTO advises CBR to maintain proper record

Federal Tax Ombudsman former Justice Munir A Sheikh has advised the Central Board of Revenue (CBR) to maintain proper record of orders-in-original, show-cause notices and their proper service to the concerned parties so that no one could file bogus refund
Published 25 Jun, 2007 12:00am
Neelum-Jhelum project contract to be awarded next week: Wapda chief

Neelum-Jhelum project contract to be awarded next week: Wapda chief

Chairman Wapda Tariq Hameed said the contract of 960 MW Neelum-Jhelum hydro power project would be awarded next week to lowest bidder a Chinese company. "The tendering process of seven years project has already been completed," he told PTV.
Published 25 Jun, 2007 12:00am
Task forces being deployed in most-affected areas: Ibad

Task forces being deployed in most-affected areas: Ibad

Sindh Governor, Dr Ishrat-ul-Ibad Khan on Sunday said taskforces have been formed by pooling all possible resources which are being deployed immediately at 11 most affected areas of the city to ensure that KESC undertakes necessary steps to restore electr
Published 25 Jun, 2007 12:00am
IPI talks with India on From June 27

IPI talks with India on From June 27

Officials of India and Pakistan will hold bilateral talks on June 27 to discuss transportation tariff and transit fee payable by New Delhi to Islamabad for allowing passage of the Iran-Pakistan-India (IPI) pipeline to India.
Published 25 Jun, 2007 12:00am
New Bakar Mandi and slaughter house inaugurated

New Bakar Mandi and slaughter house inaugurated

Punjab Chief Minister Chaudhry Pervaiz Elahi speaking in a public meeting on the inauguration of new 'Bakar Mandi' and Slaughter House at Shah Pur Kangran in Lahore on Sunday has unveiled a package of Rs 1.50 billion for the development of the city.
Published 25 Jun, 2007 12:00am
Tribal jirga condemns coalition bombing

Tribal jirga condemns coalition bombing

A grand tribal jirga, or council of elders, on Sunday condemned air strike in border region from the coalition forces in Afghanistan, which killed more than 30 people. The army spokesman Major General Waheed Arshad on Saturday confirmed that 10 persons we
Published 25 Jun, 2007 12:00am
Punjab chief minister

Punjab chief minister

Punjab Chief Minister Chaudhry Pervaiz Elahi inaugurated an underpass between Muslim Town and Garden Town on canal here, on Sunday. He also inaugurated road, sewerage and other projects at Chowk Bheekewal Mor; Union Council 113, 118, 119. The chief minist
Published 25 Jun, 2007 12:00am
Kasuri wraps up hectic five-day visit to US

Kasuri wraps up hectic five-day visit to US

Foreign Minister Khurshid Kasuri Sunday concluded a five-day hectic visit to the United States during which he held a series of meetings with senior American officials, Congressional leaders in Washington and interacted with the media and the Pakistani Am
Published 25 Jun, 2007 12:00am
CDGK cleaning rainwater from various areas

CDGK cleaning rainwater from various areas

The areas of residents of Karachi city under the administrative jurisdiction of the City District Government Karachi were on late Sunday satisfied with the performance of the CDGK and the town administrations led by City Nazim Syed Mustafa Kamal in keepin
Published 25 Jun, 2007 12:00am
Thunderstorm and rain expected

Thunderstorm and rain expected

Partly cloudy/cloudy weather with chances of dust/thunderstorm rain has been forecast for the city during the next 24 hours with maximum temperature to range from 39 to 41 degrees centigrade.
Published 25 Jun, 2007 12:00am
'Hamarey Amriki Mehman' to be launched today

'Hamarey Amriki Mehman' to be launched today

Pakistan Academy of Letters (PAL) will launch Hamarey Amriki Mehman tomorrow (Tuesday). This is a collection of 27 smile stories in Urdu from Turkish writer Aziz Nesin, translated in Urdu by Colonel Masud Akhtar Shaikh (retd), a prolific translator.
Published 25 Jun, 2007 12:00am
Steps to boost garments export by $40 million suggested

Steps to boost garments export by $40 million suggested

In order to augment the exports of value-added garments by $40 million, the government should form an apparel board to evolve a long-term plan by involving the concerned representatives of only apparel sector, besides capping the utility tariffs at least
Published 25 Jun, 2007 12:00am
Lady teacher reinstated after nine years

Lady teacher reinstated after nine years

Sindh Minister for Education and Literacy, Dr Hamida Khuhro has ordered reinstating a lady teacher Ms Abida Sultana, who had served the department for 18 years, and paying all the dues to her besides an investigation into the matter. The lady teacher had
Published 25 Jun, 2007 12:00am
Emergency services to be expanded at district level

Emergency services to be expanded at district level

Punjab government has decided to expand emergency services at district and tehsil headquarter level and for this purpose a sum of Rs 5 billion has been set aside. The work on the project would soon be carried out in all districts of the Punjab.
Published 25 Jun, 2007 12:00am
Fish farming assumes form of industry

Fish farming assumes form of industry

Fish farming has assumed the form of an industry in the province and farmers can earn reasonable income by setting up fish farms even on their marginal lands. Punjab Minister for Fisheries Sardar Dariya Khan Gopang said this while presiding over a departm
Published 25 Jun, 2007 12:00am
'Efforts on to enhance surgical instruments export'

'Efforts on to enhance surgical instruments export'

The chairman, Task Force on Trade and Industry, Mian Muhammad Riaz, has said the government has adopted a far-reaching approach for bringing out the surgical industry from stagnation. In an interview with Business Recorder here, he said the step wa
Published 25 Jun, 2007 12:00am
Manufacturing sector growth targeted at 10.9 percent

Manufacturing sector growth targeted at 10.9 percent

In order to achieve the goal to sustain industrialisation, a growth rate of 10.9 percent has been targeted for the manufacturing sector including 12.5 percent for large-scale manufacturing and 7.5 percent for small scale manufacturing for next year 2007-0
Published 25 Jun, 2007 12:00am
Multanites spend night on roads to welcome Chief Justice

Multanites spend night on roads to welcome Chief Justice

Thousands of Multanites spent whole night on roads, in camps of political parties, and NGOs. They took breakfast on Sunday in the camps but they were not tired or fatigued and they were fresh. Some young lawyers posed themselves in a cage called "Dictator
Published 25 Jun, 2007 12:00am
Iran names economist as new UN envoy

Iran names economist as new UN envoy

Iran on Sunday named English-speaking economist Mohammad Khazai who has worked at the World Bank to replace its long-serving ambassador to the United Nations, Mohammad Javad Zarif. "Mr Zarif's replacement will continue to follow the principles of the poli
Published 25 Jun, 2007 12:00am
FPCCI to address human rights issue

FPCCI to address human rights issue

Rehmatullah Javed, Member FPCCI Managing Committee and Senior Vice Chairman of FPCCI Committee on Human Rights, has said that the incidents of kidnapping and human rights violations are defaming Pakistan in the comity of nations.
Published 25 Jun, 2007 12:00am
FCCI concerned over proposed increase in toll tax

FCCI concerned over proposed increase in toll tax

Muhammad Ayub Sabir, president, Faisalabad Chamber of Commerce and Industry (FCCI) has expressed concern over the proposed increase in toll tax on Lahore-Sheikhupura-Faisalabad Expressway. This increase would be effective from July 01, 2007.
Published 25 Jun, 2007 12:00am
District jail's computer laboratory upgraded

District jail's computer laboratory upgraded

The Sialkot district jail's special computer lab has been upgraded with advanced Information Technology (IT) in active collaboration with the Sialkot business community for giving the necessary IT computer training to all the eligible male and female pris
Published 25 Jun, 2007 12:00am
Agriculture termed backbone of national economy

Agriculture termed backbone of national economy

The research scholars and academicians of the Country have said that the Agriculture is the backbone of the national economy and urged upon the government to pay attention on agriculture sector by providing subsidy and loans to growers with a sustainable
Published 25 Jun, 2007 12:00am
LLB and B.Sc papers postponed

LLB and B.Sc papers postponed

The Controller of Examinations, University of Karachi on Sunday notified for the information of all concerned that all papers of LLB Final and BSc (Home Economics) scheduled to be held on June 25 and 26, 2007 have been postponed.
Published 25 Jun, 2007 12:00am
KESC asked to compensate people hit by electric current

KESC asked to compensate people hit by electric current

Sindh Environment and Alternative Energy Minister Dr Saghir Ahmed has asked the Karachi Electric Supply Corporation (KESC) to pay compensation against the deaths and other losses due to electric currents during duststorm and torrential rains in the city.
Published 25 Jun, 2007 12:00am
Prices leap up in gram sector, others range bound

Prices leap up in gram sector, others range bound

The global warming had its real colour in Karachi affecting trade in commodities despite by and large there was no discrepancy seen in supplies during the week ended on June 23, 2007. However, rich varieties were stated to be selling on the higher side.
Published 25 Jun, 2007 12:00am
Rains' effect on quality and size of cotton crop lead to speculations

Rains' effect on quality and size of cotton crop lead to speculations

Rains have been causing concern in the consumer caucus which may delay supplies profiting the ginners who expect prices to go up. No ill affect on the cotton crop has been reported, so far. The spot rate was unchanged at Rs 2600 until Thursday.
Published 25 Jun, 2007 12:00am
Rains' effect on quality and size of cotton crop lead to speculations

Rains' effect on quality and size of cotton crop lead to speculations

Rains have been causing concern in the consumer caucus which may delay supplies profiting the ginners who expect prices to go up. No ill affect on the cotton crop has been reported, so far. The spot rate was unchanged at Rs 2600 until Thursday.
Published 25 Jun, 2007 12:00am
NAB received 13,722 complaints during 2006: spokesman

NAB received 13,722 complaints during 2006: spokesman

Keeping in view the objective to serve public and root out the menace of corruption, National Accountability Bureau (NAB) received 13,722 complaints during the year 2006 making a total of 17,027 complaints including the backlog.
Published 25 Jun, 2007 12:00am
BDS exam according to schedule

BDS exam according to schedule

The first professional BDS supplementary examination-2007 will be held according to the schedule, announced Controller Examination, University of Karachi in a statement here on Sunday.
Published 25 Jun, 2007 12:00am
Recent rains brighten prospects for better cotton crop

Recent rains brighten prospects for better cotton crop

Last week's countrywide heavy but short-period rains and gusty winds lashed almost all cotton areas of Sindh and Punjab. This has made weather quite comfortable which otherwise was very hot and unbearable. The hot and dry winds had reduced the moisture in
Published 25 Jun, 2007 12:00am
Recent rains brighten prospects for better cotton crop

Recent rains brighten prospects for better cotton crop

Last week's countrywide heavy but short-period rains and gusty winds lashed almost all cotton areas of Sindh and Punjab. This has made weather quite comfortable which otherwise was very hot and unbearable. The hot and dry winds had reduced the moisture in
Published 25 Jun, 2007 12:00am
Livestock share in agriculture growth jumps to 49.6 percent in 2006

Livestock share in agriculture growth jumps to 49.6 percent in 2006

The share of livestock in agriculture growth has jumped from 25.3 percent in 1996 to 49.6 percent in 2006. According to the Livestock Census 2006, the higher growth in the livestock sector was mainly attributed to growth not only in the headcount of lives
Published 25 Jun, 2007 12:00am
Pak-Sudan cultural exchange programme signed

Pak-Sudan cultural exchange programme signed

Pakistan and Sudan have signed a three-year Cultural Exchange Programme (CEP) to enhance bilateral cooperation in the field of art and culture.
Published 25 Jun, 2007 12:00am
US to provide over $1.5 billion uplift assistance over next 5 years

US to provide over $1.5 billion uplift assistance over next 5 years

Underscoring US commitment to an enduring and broad-based relationship with Pakistan, a senior administration official has said the United States would provide more than $1.5 billion in development assistance over next five years to help the key South Asi
Published 25 Jun, 2007 12:00am
City government officials put on high alert

City government officials put on high alert

District Coordination Officer (DCO) Karachi Javed Hanif on Sunday directed all the organisations of city district government to remain on high alert in view of expected rains and continue rescue operation including cleaning roads and removing billboards a
Published 25 Jun, 2007 12:00am
To export or not to export?

To export or not to export?

Although the government allowed the export of wheat and then reneged on its decision under public pressure due to the rise in its prices in the domestic market, whether this proposition was in the larger economic interest of the country can be argued with
Published 25 Jun, 2007 12:00am
On the rampage again

On the rampage again

The Lal Masjid based Jamia Hafsa brigade has struck again. This time, its holy warriors swooped down on a Chinese health centre in Islamabad's posh F-8/3 sector on Friday night and took away nine persons, including six Chinese females.
Published 25 Jun, 2007 12:00am
VAT emerges as the main fiscal tool

VAT emerges as the main fiscal tool

In the Budget 2007-08, there have been some legal changes and tariff adjustments for a better fiscal dispensation. Budget targets surpassing trillion rupees benchmarks have not resulted in the imposition of heavy taxation. The budget presents a bold initi
Published 25 Jun, 2007 12:00am
Medical tourism a big business in Asia

Medical tourism a big business in Asia

Umuh Muchtar was in such agony after botched surgery in Indonesia that he took a friend's advice and contacted a hospital in Singapore where he had his kidney stones removed a few days later.
Published 25 Jun, 2007 12:00am
Media's role

Media's role

It is heartening indeed to note that President General Pervez Musharraf has highlighted the role of the media as a powerful tool of accountability. He said this, according to the reports, while addressing a joint gathering of the PAF and Navy officers at
Published 25 Jun, 2007 12:00am
Economic Survey

Economic Survey

No perfect cool handed biopsy of Economy Survey 2006-07 could have been better performed than that done vide editorial captioned "Improved" Statistics, poor living conditions dated 12th June 2007. The survey followed by the budget is nothing but jugglery
Published 25 Jun, 2007 12:00am
Trees and heat

Trees and heat

Karachiites are experiencing a grain of the so-called global warming in its worst form. Lack of human feelings and brotherhood, has contributed to this havoc. America had been till late refusing to share the major wrong it has done along with other develo
Published 25 Jun, 2007 12:00am
Rover's Diary: Sialkot's response to challenges ahead

Rover's Diary: Sialkot's response to challenges ahead

Want to run away from the tension of highly politically charged cities like Karachi, Lahore and Islamabad, visit Pakistan's exports and small and medium industry city - Sialkot. A visit to this ancient city is always redeeming. Cynicism has no place here.
Published 25 Jun, 2007 12:00am
Neelum-Jhelum hydropower project

Neelum-Jhelum hydropower project

Minister of State for Finance Omar Ayub Khan, while delivering the 2007-08 Budget speech in the National Assembly, has proudly said, "Today, I hereby announce the construction of Neelum-Jhelum Project, which will cost Rs 84.50 billion.
Published 25 Jun, 2007 12:00am
Citizens advised to adopt preventive measures during summer

Citizens advised to adopt preventive measures during summer

The health experts have advised the citizens to prevent themselves from the heat gripping the country as it may cause certain seasonal diseases during summer. According to health professionals, when the temperature goes high in the summer season there is
Published 25 Jun, 2007 12:00am
Keen Georgian soldiers train for new dangers in Iraq

Keen Georgian soldiers train for new dangers in Iraq

Spread out on a series of hills overlooking a shallow valley, a handful of Georgian soldiers scanned the horizon, squinting in the bright sun. They knew an attack was coming, it was only a matter of when. Their mission was to set up a communications post
Published 25 Jun, 2007 12:00am
IAEA might fail in atom crisis

IAEA might fail in atom crisis

The UN nuclear watchdog is so poorly financed that it might be unable to deal with a future atomic accident and no longer has top-grade equipment to detect covert activity, its director has warned.
Published 25 Jun, 2007 12:00am
11 die in Lebanon

11 die in Lebanon

Lebanese troops stormed a Sunni Islamist militant hideout in the northern city of Tripoli on Sunday, killing seven of them, including a woman, while battles raged on at a nearby Palestinian refugee camp.
Published 25 Jun, 2007 12:00am
Israel frees funds for Abbas

Israel frees funds for Abbas

Israel agreed on Sunday to transfer hundreds of millions of dollars to Palestinian President Mahmoud Abbas's emergency government, a measure designed to undercut Hamas Islamists controlling Gaza.
Published 25 Jun, 2007 12:00am
US House votes to deny all aid to Saudi Arabia

US House votes to deny all aid to Saudi Arabia

The US House of Representatives has voted to deny all aid to Saudi Arabia, despite repeated assurances by the Bush administration that the desert kingdom was co-operating in its war on terror. The ban is contained in a little-publicised amendment quietly
Published 25 Jun, 2007 12:00am
Brown to be confirmed as head of Britain's Labour

Brown to be confirmed as head of Britain's Labour

Gordon Brown will become leader of Britain's governing Labour Party on Sunday, heralding a new political era that starts when he succeeds Tony Blair as prime minister in three days' time.
Published 25 Jun, 2007 12:00am
Egypt urges Israel on peace process ahead of summit

Egypt urges Israel on peace process ahead of summit

Egypt has pressed Israel to pave the way for peace talks with Palestinians by meeting longstanding Palestinian demands on Jewish settlements and the barrier in the West Bank, the Foreign Ministry said on Sunday.
Published 25 Jun, 2007 12:00am
First signs of a return to normal after Nigeria strike

First signs of a return to normal after Nigeria strike

Nigeria was slowly returning to normal on Sunday after labour unions and the government reached an accord ending a four-day general strike that had paralysed Africa's most populous nation. The two labour umbrella organisations the blue-collar Nigeria Labo
Published 25 Jun, 2007 12:00am
Iraqi court sentences Chemical Ali to hanging

Iraqi court sentences Chemical Ali to hanging

Saddam Hussein's cousin, known as "Chemical Ali", was sentenced to death by hanging on Sunday for masterminding genocide against Iraq's Kurds in the 1980s, an Iraqi court said. A tired-looking Ali Hassan al-Majeed, wearing traditional Arab robes, trembled
Published 25 Jun, 2007 12:00am
Sunni blocs boycott parliament

Sunni blocs boycott parliament

Iraq's two Sunni Arab political blocs boycotted parliament on Sunday and said they would not return until ousted speaker Mahmoud al-Mashhadani, a member of the largest Sunni bloc, was reinstated. The Sunni Accordance Front holds 44 seats in the 275-member
Published 25 Jun, 2007 12:00am
Haniyeh vows not to give up power

Haniyeh vows not to give up power

Ismail Haniyeh, prime minister of the Hamas-led government sacked by President Mahmoud Abbas, vowed on Sunday that isolation will not force the Islamist group to give up power from its Gaza stronghold.
Published 25 Jun, 2007 12:00am
Europe has lost common spirit, says Prodi

Europe has lost common spirit, says Prodi

Italian Prime Minister Romano Prodi on Sunday accused nations like Britain and Poland of putting national interests ahead of European goals, and said Europe had lost the common spirit to move ahead.
Published 25 Jun, 2007 12:00am
First phase of Iraq campaign almost over: US

First phase of Iraq campaign almost over: US

US forces believe the initial combat phase of a major offensive to clear al Qaeda from the Iraqi city of Baquba is nearly complete and any militants left could be confronted in the next 24 hours.
Published 25 Jun, 2007 12:00am
Rice hails positive signals from North Korea

Rice hails positive signals from North Korea

US Secretary of State Condoleezza Rice welcomed on Sunday "positive signals" from North Korea about its nuclear drive and said the United States expected Pyongyang to quickly shut down its key nuclear reactor.
Published 25 Jun, 2007 12:00am
UK stock market awaits new finance minister

UK stock market awaits new finance minister

London's stock market awaits next week the appointment of a new British finance minister following incumbent Gordon Brown's switch to prime minister. There could also be further developments surrounding the London Stock Exchange's bid to merge with its Mi
Published 25 Jun, 2007 12:00am
Investors upbeat about Tokyo shares

Investors upbeat about Tokyo shares

Investors are upbeat about Japanese share prices as a weak yen was expected to boost the performances of companies in the April-June quarter, dealers said on Friday.
Published 25 Jun, 2007 12:00am
Australian shares may resume rally

Australian shares may resume rally

Australian share prices were likely to shrug off a mixed global lead and resume a rally led by mining and energy stocks in the coming week, dealers said on Friday.
Published 25 Jun, 2007 12:00am
Jakarta shares may post moderate gains

Jakarta shares may post moderate gains

Indonesian share prices are likely to post moderate gains next week boosted by resource based commodities, dealers said Friday. They said the market would also be supported by strength on Wall Street and East Asian markets, which had a good performance th
Published 25 Jun, 2007 12:00am
US shares lose momentum as markets eye Fed

US shares lose momentum as markets eye Fed

Wall Street is bracing for more volatility after a rocky week which saw stocks hit by renewed worries about the financial sector and failures in the US mortgage market.
Published 25 Jun, 2007 12:00am
Hong Kong stocks may ease on profit taking

Hong Kong stocks may ease on profit taking

Hong Kong share prices are likely to ease on profit-taking before testing record levels later due to strong liquidity, dealers said. Upward momentum in the local market remains strong with hopes that China may make some favourable policy announcements abo
Published 25 Jun, 2007 12:00am
Indian shares set to consolidate at 14,000 points level

Indian shares set to consolidate at 14,000 points level

Indian share prices are likely to consolidate at the 14,000 points level as funds may continue to remain in cash ahead of share sales set to hit the markets, dealers said Friday. They said buying momentum has weakened in a volatile market, with the benchm
Published 25 Jun, 2007 12:00am
Asian currencies show mixed trend against dollar

Asian currencies show mixed trend against dollar

Asian currencies ended the week mixed against the US dollar, with the yen tumbling to a 4.5-year low on interest rate differentials but the Australian dollar soaring to an 18-year high.
Published 25 Jun, 2007 12:00am
JGBs gain on Nikkei fall

JGBs gain on Nikkei fall

Japanese government bond futures rose on Friday as the stock market retreated from a seven-year high, from last week. JGBs have been finding their footing this week in the aftermath of a heavy sell-off on concerns about climbing global bond yields and the
Published 25 Jun, 2007 12:00am
JGBs gain on Nikkei fall

JGBs gain on Nikkei fall

Japanese government bond futures rose on Friday as the stock market retreated from a seven-year high, from last week. JGBs have been finding their footing this week in the aftermath of a heavy sell-off on concerns about climbing global bond yields and the
Published 25 Jun, 2007 12:00am
Taiwan shares to continue firmer

Taiwan shares to continue firmer

Taiwan share prices are expected to continue higher on the back of ample liquidity, dealers said. They said the key electronics sector, which led this week's gains, may run into technical resistance levels but investors will likely rotate through the mark
Published 25 Jun, 2007 12:00am
Thai shares hang on outcome of anti-junta rally

Thai shares hang on outcome of anti-junta rally

Thai share prices will be determined by the outcome of a weekend rally against the kingdom's junta amid worries over violence during the protest, dealers said. "It is really up to the outcome of the protest. If it ends peacefully, then the market will go
Published 25 Jun, 2007 12:00am
Philippines shares may undergo correction

Philippines shares may undergo correction

Philippines share prices are expected to undergo a correction after hitting record highs in recent trading, dealers said on Friday. "Based on our studies, we reached a consensus that the market next week might decline," said Ron Rodrigo of Unicapital Secu
Published 25 Jun, 2007 12:00am
Bangladesh interbank rates

Bangladesh interbank rates

Bangladesh Interbank buy/sell rates for the taka against the dollar on Sunday: 68.91/69.02 (previous 68.90/69.02).
Published 25 Jun, 2007 12:00am
Hedge fund firms to consider voluntary standards

Hedge fund firms to consider voluntary standards

A group of leading hedge fund executives is to consider adopting voluntary standards for the fast-growing and much criticised industry. The group, to be headed by Sir Andrew Large, former deputy governor of the Bank of England, will consult hedge fund man
Published 25 Jun, 2007 12:00am
Hedge fund firms to consider voluntary standards

Hedge fund firms to consider voluntary standards

A group of leading hedge fund executives is to consider adopting voluntary standards for the fast-growing and much criticised industry. The group, to be headed by Sir Andrew Large, former deputy governor of the Bank of England, will consult hedge fund man
Published 25 Jun, 2007 12:00am
Barclays to drop eagle logo in favour of ABN shield

Barclays to drop eagle logo in favour of ABN shield

British bank Barclays is set to drop its three-century-old logo of an eagle in favour of Dutch bank ABN Amro's shield world-wide if the merger between the two banks is completed, The Times reported on June 19.
Published 25 Jun, 2007 12:00am
Kuwait Finance to expand after $1 billion share sale

Kuwait Finance to expand after $1 billion share sale

Islamic bank Kuwait Finance House, the country's second largest lender by market value, wants to use cash from a $1.06 billion share sale to expand in the Middle East and possibly Asia.
Published 25 Jun, 2007 12:00am
Indian chambers support WTO negotiations stance

Indian chambers support WTO negotiations stance

India's main business chambers on June 22 supported the country's Trade Minister Kamal Nath's stand on agriculture issues at the World Trade Organisation (WTO) talks in Germany, saying he had a duty to protect poor farmers in India.
Published 25 Jun, 2007 12:00am
Previous Day