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Archive - 2007-07-02
'Hong Kong is success story of one-government, two-systems'

'Hong Kong is success story of one-government, two-systems'

Hong Kong is a success story of one-government-two-systems as it has got more prosperity and development after its handing over to China 10 years ago. These views were expressed by Chinese Consul in Karachi, Chen Shin Min while speaking at 10th anniversar
Published 02 Jul, 2007 12:00am
Minister upbeat about revival of theatre

Minister upbeat about revival of theatre

Education Minister Javed Ashraf Qazi is looking forward to the revival of dramatic tradition in the country. The minister said this to media representatives, after witnessing a short but quaint dramatic production of Rang from the theatre department of th
Published 02 Jul, 2007 12:00am
PCGA fails to refund excess renewal fee

PCGA fails to refund excess renewal fee

Pakistan Cotton Ginners Association (PCGA) neither recovered the embezzled amount of Rs 4.7 million from the concerned persons who were responsible for this irregularity, nor excess renewal fee of Rs 3,000 per annum was repaid to its members.
Published 02 Jul, 2007 12:00am
Jamaat-e-Islami demands impartial interim government

Jamaat-e-Islami demands impartial interim government

The Jamaat-e-Islami (JI) leaders Dr Waseem Akhtar, Rao Muhammad Zafar, Kanwar Muhammad Siddique on Sunday demanded the formation of an impartial interim government to ensure free and fair elections in the country, adding that its components should be barr
Published 02 Jul, 2007 12:00am
PWD guard dies from poisoned food

PWD guard dies from poisoned food

A guard of Pakistan Works Department (PWD) store died while three others fell unconscious after eating poisoned food here late night. Police sources said that the guard and other staff posted at the PWD store at Makkoanna on Jarawanwala Road were allegedl
Published 02 Jul, 2007 12:00am
ADB to provide $2 million for technical programme

ADB to provide $2 million for technical programme

Asian Development Bank (ADB) will provide $2,000,000, from the Pakistan Earthquake Fund (PEF) on a grant basis for building on the ongoing Technical Assistance Programme on capacity building for the office of the Auditor General Pakistan attached to EEAP.
Published 02 Jul, 2007 12:00am
Tax-free budget of Rs 401.9 million approved

Tax-free budget of Rs 401.9 million approved

The annual surplus and tax-free budget of Rs401.9 million for Lyallpur Town was approved here on Saturday. According to the budget estimates, Rs131.427 million were allocated for non-development expenditures. Out of which, Rs72.6645 million were earmarked
Published 02 Jul, 2007 12:00am
Tax-free budget of Rs 401.9 million approved

Tax-free budget of Rs 401.9 million approved

The annual surplus and tax-free budget of Rs401.9 million for Lyallpur Town was approved here on Saturday. According to the budget estimates, Rs131.427 million were allocated for non-development expenditures. Out of which, Rs72.6645 million were earmarked
Published 02 Jul, 2007 12:00am
Monsoon season: precautionary measures in Sialkot district finalised

Monsoon season: precautionary measures in Sialkot district finalised

Sialkot district administration has finalised necessary precautionary measures to cope with any eventuality during the monsoon season in Sialkot, Daska, Pasrur and Sambrial Tehsils of district. Official sources told Business Recorder here on Sunday
Published 02 Jul, 2007 12:00am
Weather affects commodities supply and trading

Weather affects commodities supply and trading

Inclement weather had its effects on supply and trading on the commodity wholesale markets during the week ended on June 30, 2007, Supplies were irregular o stuffs coming from up country. Thus prices fluctuated both ways sometimes rising higher, some time
Published 02 Jul, 2007 12:00am
Workshop on skills for strengthening electoral process held

Workshop on skills for strengthening electoral process held

A two-day training workshop titled "Skills for Strengthening Electoral Process" was held in the main secretariat of Goher Foundation (Global Organisation for Human Empowerment and Rights), Bahawalpur, in which 50 trainees from the 14 districts of southern
Published 02 Jul, 2007 12:00am
Widow gets relief on Ombudsman's intervention

Widow gets relief on Ombudsman's intervention

On the orders of Punjab Ombudsman Abdur Rashid Khan, District Accounts Officer, Vehari has made payment of pension dues, amounting to Rs 97,051, along with family pension of Rs 6,342, to a widow.
Published 02 Jul, 2007 12:00am
CDGR launches Rs 1.631 billion road projects: Nazim

CDGR launches Rs 1.631 billion road projects: Nazim

The City District Government Rawalpindi (CDGR) has launched the road construction and renovation projects of Rs 1.631 billion in different parts of Rawalpindi besides, work started on Rs 16 billion Nullah Lai Expressway, said City Nazim Raja Javed Ikhlas
Published 02 Jul, 2007 12:00am
Measles immunisation drive begins today

Measles immunisation drive begins today

The second round of 17-day measles immunisation campaign will begin from Monday for children of age nine months to 13 years in eight districts of Balochistan. According to official sources, around 1.5 million children would be covered during the campaign
Published 02 Jul, 2007 12:00am
Cancellation of Hina ceremony

Cancellation of Hina ceremony

This is for the information of all the friends and invitees that due to unavoidable circumstances, and demise in the Groom's family, The Hina Ceremony of Mohsina and Masroor, which was going to be held on Wednesday the 4th of July, 2007 has been cancelled
Published 02 Jul, 2007 12:00am
Rains come to ginners' support

Rains come to ginners' support

Thanks to the timely rains all over the country last week, provided ginnners an opportunity to hold the command over the prevailing situations, cotton analysts said. In the ready business, the deal was finalised at Rs 2900 and the official spot rates went
Published 02 Jul, 2007 12:00am
Rains come to ginners' support

Rains come to ginners' support

Thanks to the timely rains all over the country last week, provided ginnners an opportunity to hold the command over the prevailing situations, cotton analysts said. In the ready business, the deal was finalised at Rs 2900 and the official spot rates went
Published 02 Jul, 2007 12:00am
Foolproof arrangements made to meet any emergency

Foolproof arrangements made to meet any emergency

The City District Government Rawalpindi (CDGR) has made foolproof arrangements to deal with any challenging situation due to flood in rainy season spanning on 90 days from July 1 to September 30.
Published 02 Jul, 2007 12:00am
Election training workshop today

Election training workshop today

Thional Human Rights Observer will organise an election training workshop in the wake of forthcoming general elections and voter lists here on Monday. The election training workshop would be held with the cooperation of Election Commission of Pakistan (EC
Published 02 Jul, 2007 12:00am
Indo-Pak symposium on local government begins today

Indo-Pak symposium on local government begins today

A two-day India-Pakistan Symposium on Local government will begin at a local hotel on July 2 (Monday). Punjab Chief Minister Chaudhry Pervaiz Elahi will be the chief guest at the inaugural ceremony.
Published 02 Jul, 2007 12:00am
Roundtable on provincial autonomy on July 3

Roundtable on provincial autonomy on July 3

The Pakistan Institute of Legislative Development and Transparency (Pildat) is organising a roundtable on 'Federalism and Provincial Autonomy' here on July 3. A wide range of speakers from government, opposition, experts and intellectuals would deliberate
Published 02 Jul, 2007 12:00am
Comprehensive transport policy to be developed during 2007-08

Comprehensive transport policy to be developed during 2007-08

A comprehensive and integrated National Transport Policy (NTP) will be developed during 2007-08. The sources of Ministry of Communications, mentioned that an allocation of Rs9.3 million has been made for continuation of research programme and work on the
Published 02 Jul, 2007 12:00am
Government taking steps for betterment of farming community

Government taking steps for betterment of farming community

The provincial government has taken a number of practical steps for the development and prosperity of the farming community and earmarked a huge amount in the budget for the year 2007-08 for this purpose.
Published 02 Jul, 2007 12:00am
70 percent population never measure blood pressure level

70 percent population never measure blood pressure level

Muhammad Ashraf, a Faisalabad-born tailor, the sole breadwinner for a family of eight, had received diagnoses of type 2 diabetes and hypertension at 31 years of age. For the next 15 years, although he felt well and visited his primary care practitioner tw
Published 02 Jul, 2007 12:00am
LDA officials on back of illegal constructions to face action

LDA officials on back of illegal constructions to face action

The government has decided to weed out corrupt officials of Lahore Development Authority who are responsible for backing construction of illegal buildings in the provincial metropolitan. The step is being taken to control illegal constructions in the city
Published 02 Jul, 2007 12:00am
Decision on references as per constitution: Ameer

Decision on references as per constitution: Ameer

National Assembly Speaker Ameer Hussain on Sunday said that he had taken decision against Imran Khan as per constitution and would do the same in other cases as well. He was responding to questions from newsmen at the oath taking ceremony of newly elected
Published 02 Jul, 2007 12:00am
Present heavy rains, a concern for cotton damage

Present heavy rains, a concern for cotton damage

Cotton sowing process has already been completed almost satisfactorily. Acreage sown to cotton in 2007-2008 season can be around 3.25 million hectares. However, actual sowing figures are yet to be declared by the government. Generally, conducive weather c
Published 02 Jul, 2007 12:00am
Present heavy rains, a concern for cotton damage

Present heavy rains, a concern for cotton damage

Cotton sowing process has already been completed almost satisfactorily. Acreage sown to cotton in 2007-2008 season can be around 3.25 million hectares. However, actual sowing figures are yet to be declared by the government. Generally, conducive weather c
Published 02 Jul, 2007 12:00am
Fate of hospital boards hangs in the balance

Fate of hospital boards hangs in the balance

The fate of the Boards of Management (BoMs) of Nishtar Hospital Multan and all the teaching hospitals in the Punjab hangs in the balance, as their term expired on June 30 amid acute uncertainty and confusion.
Published 02 Jul, 2007 12:00am
Citizens advised to avoid digging works in monsoon

Citizens advised to avoid digging works in monsoon

City District Government Lahore (CDGL) has advised the citizens to avoid digging basements and grounds etc for all purposes including construction of buildings during monsoon. The city government has banned digging of basements for construction of big bui
Published 02 Jul, 2007 12:00am
Doctor and assistant shot dead

Doctor and assistant shot dead

A Doctor of DHQ Jhang and his assistant were shot dead, while his nephew sustained serious injuries in an armed attack on his private clinic in Athara Hazari village, on Saturday evening.
Published 02 Jul, 2007 12:00am
Police stations of Gujrat to be computerised

Police stations of Gujrat to be computerised

All the police stations of Gujrat district along with five other districts of the province under the pilot project will be linked with computerised network by September next.
Published 02 Jul, 2007 12:00am
Report on National Assembly

Report on National Assembly

Thanks to the UNDP funding we know a little more about the leviathan called the National Assembly of Pakistan and what it did during the first four years of its term.
Published 02 Jul, 2007 12:00am
Onion export

Onion export

The shipping of 10.37 tonnes of onion to Sri Lanka, Dubai and Muscat after attaining a 1000 tonnes weekly production capacity in the Rabi crop, marks the start of export by Pakistan of onion grown in Balochistan, says a Recorder Report.
Published 02 Jul, 2007 12:00am
ABC of the economics of tariffs and import quotas-I

ABC of the economics of tariffs and import quotas-I

Pakistan faces the important challenge of developing a comprehensive strategy for exports that can maximise long-run growth and per capita income without sacrificing the goal of poverty reduction and a more equitable distribution of wealth.
Published 02 Jul, 2007 12:00am
Sri Lanka's dirty war sullies boutique hotel business

Sri Lanka's dirty war sullies boutique hotel business

Britney Spears, Paul McCartney, Sting and Paul Simon have all travelled to Sri Lanka for a big-bucks taste of tropical luxury. But an escalating war with Tamil Tiger rebels and increasingly gruesome headlines on the human rights situation means that the r
Published 02 Jul, 2007 12:00am
A scam or what?

A scam or what?

A few days back there was a news item that CDGK are planning a park on a 20km. stretch of Malir River at a cost of some billions of dollars. Is this a joke or a scam? To me it looks like a scam as it would be an ideal way to line pockets.
Published 02 Jul, 2007 12:00am
Better late

Better late

Congratulations to the Karachiites for achieving some great relief as the government has taken a corrective and positive measure by availing Rangers' help to control the emergency like situation after the rains in the port city.
Published 02 Jul, 2007 12:00am
Textile sector

Textile sector

This has reference to a letter published in Business Recorder on June 14, 2007 regarding "No limit to Greed" by Javaria, which is not correct. The Government announced 3 percent reduction in the interest rate or mark up on loans to spinning mills a
Published 02 Jul, 2007 12:00am
Hong Kong choked by growing pollution problem

Hong Kong choked by growing pollution problem

Discarded cigarette packets, McDonald's wrappers and even old socks litter the shores of Lau Fau Shan in Hong Kong's far north, home to what remains of the territory's oyster farming industry. From across the border in China, factories belch smoke into th
Published 02 Jul, 2007 12:00am
Britain will not yield to acts of 'evil': Brown

Britain will not yield to acts of 'evil': Brown

Britain will not yield to acts of "evil", Prime Minister Gordon Brown said Sunday after three botched attacks in two days in London and Glasgow. "We will not yield, we will not be intimidated and we will not allow anyone to undermine our British way of li
Published 02 Jul, 2007 12:00am
Iraq hopeful on more US-Iran talks in Baghdad

Iraq hopeful on more US-Iran talks in Baghdad

Iraq is pressing the United States and Iran to hold a second round of talks in Baghdad to follow up a landmark meeting in May, but no date has been set, Iraq's foreign minister said on Sunday. Hoshiyar Zebari also said the US embassy in Baghdad had agreed
Published 02 Jul, 2007 12:00am
Diana charity concert

Diana charity concert

Elton John kicked off a charity concert in memory of Princess Diana on Sunday, watched by her sons Princes William and Harry and a crowd of around 60,000 at London's Wembley Stadium. The entertainer, a good friend of the princess who sang at her funeral,
Published 02 Jul, 2007 12:00am
Hong Kong celebrates 10 years of Chinese rule

Hong Kong celebrates 10 years of Chinese rule

Hong Kong on Sunday celebrated 10 years under Chinese rule with pomp and circumstance, but tens of thousands of pro-democracy campaigners also gathered to call for sweeping political reform.
Published 02 Jul, 2007 12:00am
United States of Africa!

United States of Africa!

An African summit began debate on Sunday on forming a federal state as championed by Libya's Muammar Gaddafi, but other leaders warned tough decisions were ahead before such a dream could be fulfilled.
Published 02 Jul, 2007 12:00am
Castro says CIA more murderous than ever

Castro says CIA more murderous than ever

Convalescing Cuban President Fidel Castro charged on Sunday the release of classified CIA documents detailing past abuses was a smoke screen behind which the Bush administration hoped to hide even worse methods.
Published 02 Jul, 2007 12:00am
Putin hopes for friendly talks with Bush

Putin hopes for friendly talks with Bush

Russian President Vladimir Putin said he hoped for "good... friendly" talks with US counterpart George W. Bush at a meeting Sunday in the United States. Putin will go on later to Guatemala to lobby for Russia's 2014 Olympic bid.
Published 02 Jul, 2007 12:00am
Smoking ban introduced in England

Smoking ban introduced in England

A ban on smoking in public places and workplaces came into force in England on Sunday, in a move the government said would improve the health of thousands of people. The ban brings England into line with the rest of Britain-public places went smoke free i
Published 02 Jul, 2007 12:00am
Chavez holds talks with 'brother' Ahmadinejad

Chavez holds talks with 'brother' Ahmadinejad

Venezuela's fiercely anti-US President Hugo Chavez held talks with his Iranian opposite number Mahmoud Ahmadinejad on Sunday, on the last leg of a tour of nations at loggerheads with Washington. Chavez arrived in Tehran on Saturday for a two-day stay and
Published 02 Jul, 2007 12:00am
Air strike kills Islamic Jihad warlord in Gaza

Air strike kills Islamic Jihad warlord in Gaza

The commander of Islamic Jihad's armed wing in the Gaza Strip and two lieutenants were killed in an Israeli air strike at the weekend as Prime Minister Ehud Olmert vowed no let up against militants.
Published 02 Jul, 2007 12:00am
Israel delays case of sex offender president

Israel delays case of sex offender president

high court on Sunday ordered a delay on president Moshe Katsav being indicted for sex offences, demanding the attorney general justify a much criticised plea bargain under which rape charges were dropped.
Published 02 Jul, 2007 12:00am
UK interest rates expected to dominate trading

UK interest rates expected to dominate trading

British interest rates are expected to dominate trading on the London stock market next week as the Bank of England looks set to hike borrowing costs for a fifth time in 11 months on Thursday. The FTSE 100 index of leading shares finished at 6,607.90 poin
Published 02 Jul, 2007 12:00am
Tokyo investors skittish ahead of Tankan

Tokyo investors skittish ahead of Tankan

The outlook for Japanese share prices hinges on a key business survey due out next week, with views divided on whether stocks can resume their rise to fresh seven-year highs, dealers said Friday.
Published 02 Jul, 2007 12:00am
Australian shares tipped to remain volatile

Australian shares tipped to remain volatile

Australian shares prices were likely to remain mixed as investors search for fresh leads in the new financial year, dealers said Friday. For the week ending June 29, the benchmark S&P/ASX 200 dropped 107.7 points or 1.69 percent to 6,274.9. It was up 1,20
Published 02 Jul, 2007 12:00am
Jakarta shares to maintain positive trend

Jakarta shares to maintain positive trend

Indonesian share prices are likely to keep rallying next week with positive expectations for low June inflation figures, dealers said Friday. "Inflation reports on Monday are expected to be quite low and the market is quite robust now," said analyst Sonny
Published 02 Jul, 2007 12:00am
Wall Street shares close higher as job news awaited

Wall Street shares close higher as job news awaited

The major US share indexes gained over the week to Friday as investors awaited the release of a key job market report in the coming week and braced for the looming second quarter earnings season.
Published 02 Jul, 2007 12:00am
Philippines shares likely to consolidate

Philippines shares likely to consolidate

Philippines share prices are expected to consolidate next week after rising to levels that many consider overbought, dealers said Friday. "The market is expected to go into a consolidation with a bias to correct some of the excess gains from past weeks."
Published 02 Jul, 2007 12:00am
Hong Kong shares face range-bound trade

Hong Kong shares face range-bound trade

Hong Kong faces a range-bound trade next week on uncertainty that China could announce new economic tightening measures over the weekend, dealers said. "Investor anxieties are heightened every Friday" due to fears of China policy announcements over the we
Published 02 Jul, 2007 12:00am
Malaysian shares may trade lower

Malaysian shares may trade lower

Malaysian share prices are expected to trade lower in the week ahead as the market continues to consolidate, analysts said Friday. Stephen Soo, TA Securities technical analyst, said he expects the local market to remain soft, even though it is now oversol
Published 02 Jul, 2007 12:00am
Taiwan shares may face heavy resistance at 9,000 points

Taiwan shares may face heavy resistance at 9,000 points

Taiwan share prices are expected to consolidate next week after recent gains pushed the market to fresh seven-year highs and close to strong resistance at 9,000 points, dealers said on Friday. Concerns over further volatility on Wall Street are likely to
Published 02 Jul, 2007 12:00am
Thailand equities may rise

Thailand equities may rise

Thai share prices are likely to rise next week as anti-coup protests have fizzled and new economic data threw a positive light on the country's prospects, dealers said. However, investors will keep an eye on the inflation report due out Monday, which will
Published 02 Jul, 2007 12:00am
Singapore shares seen consolidating

Singapore shares seen consolidating

Singapore share prices are expected to consolidate next week as the market awaits corporate earnings reports, dealers said. The benchmark index ended the week higher after four straight days of losses.
Published 02 Jul, 2007 12:00am
Indian shares may hit record highs

Indian shares may hit record highs

Indian share prices could hit record levels on global market gains as rate concerns ease, dealers said Friday. They said the markets showed buoyancy after India's inflation rate continued to fall, easing pressure for further interest rate hikes.
Published 02 Jul, 2007 12:00am
HSBC and Standard Chartered targeted in China foreign exchange crackdown

HSBC and Standard Chartered targeted in China foreign exchange crackdown

HSBC and Standard Chartered confirmed on June 28 they were among banks targeted in a crackdown by China's foreign exchange regulator on speculative capital inflows. The two banks said they had recently been inspected by the State Administration of Foreign
Published 02 Jul, 2007 12:00am
Lukoil reports drop in net profits

Lukoil reports drop in net profits

Russia's leading oil producer Lukoil on June 28 reported a 23.09 percent in net profits in the first quarter to 1.299 billion dollars compared with the same period last year. The company said its results had been affected by the drop in oil prices, the in
Published 02 Jul, 2007 12:00am
Lukoil reports drop in net profits

Lukoil reports drop in net profits

Russia's leading oil producer Lukoil on June 28 reported a 23.09 percent in net profits in the first quarter to 1.299 billion dollars compared with the same period last year. The company said its results had been affected by the drop in oil prices, the in
Published 02 Jul, 2007 12:00am
Emerging nations banks to net biggest profits by 2050

Emerging nations banks to net biggest profits by 2050

Banks in emerging nations, such as Brazil and India, will by 2050 earn bigger profits from domestic banking than their counterparts in the world's richest countries, a report said on June 26.
Published 02 Jul, 2007 12:00am
Oracle profit rise beats Wall Street expectations

Oracle profit rise beats Wall Street expectations

The world's third largest software maker Oracle Corp reported profit that beat Wall Street expectations on June 26 and gave a positive growth outlook for the current quarter that nudged its shares higher. Fourth-quarter sales of new software rose 17 perce
Published 02 Jul, 2007 12:00am
Oracle profit rise beats Wall Street expectations

Oracle profit rise beats Wall Street expectations

The world's third largest software maker Oracle Corp reported profit that beat Wall Street expectations on June 26 and gave a positive growth outlook for the current quarter that nudged its shares higher. Fourth-quarter sales of new software rose 17 perce
Published 02 Jul, 2007 12:00am
Diamond futures set to start in a couple of years

Diamond futures set to start in a couple of years

Transparent and liquid trading in diamond futures should be a reality within the next couple of years, two separate pioneering groups believe, creating a market worth up to $200 billion.
Published 02 Jul, 2007 12:00am
OECD conference warned against slack corporate governance

OECD conference warned against slack corporate governance

The hard lessons on corporate governance learned during the fallout from the Asian currency crisis must not be lost during the current period of economic growth and easy availability of funds, a conference in Singapore was warned on June 27.
Published 02 Jul, 2007 12:00am
Terra Firma group struggles to acquire EMI

Terra Firma group struggles to acquire EMI

Terra Firma, the private equity concern, said on June 28 that shareholders of British music group EMI would be given more time to consider take-over offer after Terra secured less than four percent of shares.
Published 02 Jul, 2007 12:00am
Terra Firma group struggles to acquire EMI

Terra Firma group struggles to acquire EMI

Terra Firma, the private equity concern, said on June 28 that shareholders of British music group EMI would be given more time to consider take-over offer after Terra secured less than four percent of shares.
Published 02 Jul, 2007 12:00am
Porsche bullish on full-year profits

Porsche bullish on full-year profits

German sports car maker Porsche said on June 26 it expects its 2006/2007 profit to streak past 2.1 billion euros ($2.83 billion) thanks to hefty gains from its stake in Europe's biggest car maker Volkswagen.
Published 02 Jul, 2007 12:00am
Porsche bullish on full-year profits

Porsche bullish on full-year profits

German sports car maker Porsche said on June 26 it expects its 2006/2007 profit to streak past 2.1 billion euros ($2.83 billion) thanks to hefty gains from its stake in Europe's biggest car maker Volkswagen.
Published 02 Jul, 2007 12:00am
ICICI Bank likely to raise record $4.9 billion profit

ICICI Bank likely to raise record $4.9 billion profit

India's largest private sector lender ICICI Bank is considering increasing the size of its record share sale by 15 percent to 4.94 billion dollars, officials said on June 25. ICICI Bank said it raised 175 billion rupees (4.3 billion dollars) through the s
Published 02 Jul, 2007 12:00am
ICICI Bank likely to raise record $4.9 billion profit

ICICI Bank likely to raise record $4.9 billion profit

India's largest private sector lender ICICI Bank is considering increasing the size of its record share sale by 15 percent to 4.94 billion dollars, officials said on June 25. ICICI Bank said it raised 175 billion rupees (4.3 billion dollars) through the s
Published 02 Jul, 2007 12:00am
UAE bank and EIIC offer to buy Egyptian bank

UAE bank and EIIC offer to buy Egyptian bank

Abu Dhabi Islamic Bank and Emirates International Investment Company (EIIC) offered 310 million Egyptian pounds ($54 million) on June 26 for full control of Egypt's National Bank for Development. They said in a published announcement that their offer - 11
Published 02 Jul, 2007 12:00am
Ciba to delist from NYSE

Ciba to delist from NYSE

The Swiss company Ciba Speciality Chemicals said on June 26 that it would withdraw its listing on the New York Stock Exchange with effect from July 16. Ciba said in a statement that it would maintain its primary listing on the Swiss stock exchange, where
Published 02 Jul, 2007 12:00am
Ciba to delist from NYSE

Ciba to delist from NYSE

The Swiss company Ciba Speciality Chemicals said on June 26 that it would withdraw its listing on the New York Stock Exchange with effect from July 16. Ciba said in a statement that it would maintain its primary listing on the Swiss stock exchange, where
Published 02 Jul, 2007 12:00am
In Short: Dutch Internet telephony users top two million

In Short: Dutch Internet telephony users top two million

Dutch users of Internet telephony services topped two million in the first quarter but growth is expected to slow in the second quarter due to limits imposed by market leader KPN, a survey showed on June 28.
Published 02 Jul, 2007 12:00am
Warner goes digital to bring new life

Warner goes digital to bring new life

Hollywood's shift away from celluloid continued on June 26 as Warner Brothers Entertainment revealed its film editing and archives have gone digital. Warner said it worked with US computer giant Hewlett-Packard to build a sophisticated digital editing "in
Published 02 Jul, 2007 12:00am
EU mobile phone users to benefit from roaming caps

EU mobile phone users to benefit from roaming caps

European business travellers and holidaymakers can look forward to lower rates on mobile phone calls while abroad in the EU once new price caps go into effect across the bloc starting on June 30.
Published 02 Jul, 2007 12:00am
Nokia Siemens to cut 2,290 jobs in Germany

Nokia Siemens to cut 2,290 jobs in Germany

Nokia Siemens Networks, the Finnish-German telecom networks manufacturer, said on June 29 it would cut 2,290 jobs in Germany as part of a restructuring plan. In May, the group had announced plans to slash 9,000 jobs internationally by the end of 2010, abo
Published 02 Jul, 2007 12:00am
KPN launches mobile phone navigation service

KPN launches mobile phone navigation service

Dutch telecoms group KPN is launching a navigation service for mobile phones that will compete with dedicated devices such as those made by TomTom. KPN said in a statement on June 26 that the service will offer navigation, live traffic information and loc
Published 02 Jul, 2007 12:00am
ITCN exposition from August 9

ITCN exposition from August 9

Pakistan Software Export Board (PSEB) invites Expressions of Interest from IT companies registered with PSEB to participate in three days "7th annual ITCN Asia Intel Exhibition and Conference" to be held from August 9 at Karachi Expo Centre.
Published 02 Jul, 2007 12:00am
Tack on cyber crime

Tack on cyber crime

President George W. Bush on June 25 highlighted the growing danger of cyber attacks, in a meeting with his Estonian counterpart Toomas Ilves, whose country recently was hit hard by the crimes.
Published 02 Jul, 2007 12:00am
Apple launches iPhone

Apple launches iPhone

Apple launched its new iPhone in US retail stores on June 29 to brisk demand as some New Yorkers lined up to get their hands on the latest offering from the computer and gadget maker which packs a cell phone, music player and web browser.
Published 02 Jul, 2007 12:00am
Scientific books on Internet from this month: Atta

Scientific books on Internet from this month: Atta

Advisor to Prime Minister on Science and Technology, Dr Atta-ur-Rahman on June 25 said that an e-book programme would be launched in July to offer thousands of scientific books on the Internet.
Published 02 Jul, 2007 12:00am
More domain names by next year

More domain names by next year

The Internet Corporation for Assigned Names and Numbers, which manages the Internet's domain-name address system, said on June 29 it was on track to allow an expanded number of domain names next year.
Published 02 Jul, 2007 12:00am
Global mobile phone use to hit record 3.25 billion

Global mobile phone use to hit record 3.25 billion

Global mobile phone use will top 3.25 billion - equivalent to around half the world's population - in 2007 as cell phone demand booms in China, India and Africa, a survey said on June 27.
Published 02 Jul, 2007 12:00am
Microsoft rolls out Web storage, new photo gallery

Microsoft rolls out Web storage, new photo gallery

Microsoft Corp introduced two new online services to its Windows Live line-up on June 26 and said it plans to release more Web offerings this year to beef up its Internet strategy.
Published 02 Jul, 2007 12:00am
HEALTH UPDATE: nails reflect signs of health problems

HEALTH UPDATE: nails reflect signs of health problems

The condition of your nails can sometimes reflect a problem in your overall health. Deputy Chief Pharmacist, Jinnah Hospital, Ms.Uzma Yousaf quoting the American Academy of Dermatology told APP here on June 24 that most of the time.
Published 02 Jul, 2007 12:00am
HEALTH UPDATE: high close folic acid may help memory

HEALTH UPDATE: high close folic acid may help memory

High-dose folic acid pills - providing as much of the nutrient as 2.5 pounds of strawberries - might help slow the cognitive decline of ageing. The new Dutch study said there are mounting evidences that a diet higher in folate is important for a variety o
Published 02 Jul, 2007 12:00am
HEALTH UPDATE: active mind fights dementia

HEALTH UPDATE: active mind fights dementia

Doing plenty of mentally-stimulating activities - such as playing chess, reading a newspaper, or attending a play - in old age helps reduce the risk of Alzheimer's disease, according to a study of more than 700 elderly people.
Published 02 Jul, 2007 12:00am
HEALTH UPDATE: soya compound may boost bone density

HEALTH UPDATE: soya compound may boost bone density

Supplements containing a soya compound called genistein may help increase women's bone mass after menopause, a study suggests. Italian researchers found that a combination of genistein, calcium and vitamin D helped protect postmenopausal women's bone dens
Published 02 Jul, 2007 12:00am
HEALTH UPDATE: overweight elderly don't have higher death rates

HEALTH UPDATE: overweight elderly don't have higher death rates

After the age of 80, carrying a few extra pounds may not subtract years from your lifespan, a new study from Japan shows. Among a group of 80-year-olds followed for four years, the researchers found that underweight individuals were more likely to die fro
Published 02 Jul, 2007 12:00am
HEALTH UPDATE: placebo effect in acupuncture

HEALTH UPDATE: placebo effect in acupuncture

Acupuncture can relieve knee pain due to arthritis, but the benefits may be partly from a placebo effect. Previous studies have come to inconsistent conclusions about the effectiveness of acupuncture for treating knee osteoarthritis, NDTV reports.
Published 02 Jul, 2007 12:00am
Potential cure for HIV discovered

Potential cure for HIV discovered

In a breakthrough that could potentially lead to a cure for HIV infection, scientists have discovered a way to remove the virus from infected cells, a study released on June 28 said. The scientists engineered an enzyme, which attacks the DNA of the HIV vi
Published 02 Jul, 2007 12:00am
Desertification may lead to mass migrations

Desertification may lead to mass migrations

Governments must adopt strategies to mitigate the effects of desertification, which are aggravated by climate change and could lead to mass migrations of people in the next decade, a new UN study has cautioned.
Published 02 Jul, 2007 12:00am
Eat potatoes for strong immunity

Eat potatoes for strong immunity

Eating potatoes could have a beneficial effect on the immune system, says a study conducted by Spanish researchers. The vegetable is considered to be rich in vitamin C, B-complex vitamins and has good doses of minerals like iron, calcium, manganese, magne
Published 02 Jul, 2007 12:00am
Physicians advise caution against post-monsoon health conditions

Physicians advise caution against post-monsoon health conditions

Physicians appreciating measures by the city as well as provincial government for taking care of sanitation following three day rain-fall have advised masses to take due stock of possible post monsoon outbreak of ailments.
Published 02 Jul, 2007 12:00am
Lightning injury expert offers safety tips

Lightning injury expert offers safety tips

The biggest misconception people have about getting struck by lightning, one of the world's leading experts on lightning strike injuries says, is that it won't happen to them.
Published 02 Jul, 2007 12:00am
Oral cancer, second most common among youth

Oral cancer, second most common among youth

Oral cancer the sixth commonest cancer in the world has turned to be the second most common type of cancer in Pakistan with almost 45 percent of new cases pertaining to age group between 20 years to 30 years.
Published 02 Jul, 2007 12:00am
Millennium targets at risk without new funds: UN

Millennium targets at risk without new funds: UN

The world will struggle to meet the Millennium Development Goals on eradicating extreme poverty unless rich countries boost their international aid budgets, UN Secretary-General Ban Ki-moon said on Monday.
Published 02 Jul, 2007 12:00am
E ON chief criticises Germany on energy policy

E ON chief criticises Germany on energy policy

The German government is overly focused on climate protection and lacks a coherent long-term energy strategy, the head of utility E.ON said ahead of a top-level policy meeting in Berlin this week.
Published 02 Jul, 2007 12:00am
'Three Gorges dam project mis-managed'

'Three Gorges dam project mis-managed'

A six-month investigation into the bill for China's huge Three Gorges dam has unearthed widespread mis-management, state media reported Sunday. The National Audit Office detected extra construction costs of 488 million yuan (64 million dollars), most of i
Published 02 Jul, 2007 12:00am
Yemen battles worst locust swarm in 14 years

Yemen battles worst locust swarm in 14 years

Locusts in Yemen have swept across 70,000 hectares of desert and threaten to swarm into farmlands in the worst plague to hit the impoverished country since 1993, officials warned on Sunday.
Published 02 Jul, 2007 12:00am
ADB plans loans to small Philippine power groups

ADB plans loans to small Philippine power groups

The Asian Development Bank (ADB) is planning to provide up to $100 million in loans to Philippine electric co-operatives to help them prepare for a retail open access electricity market by 2009, a bank official said.
Published 02 Jul, 2007 12:00am
US airline unions showing signs of revival

US airline unions showing signs of revival

Airline unions, still nursing wounds after a bruising six-year clash with cash-strapped carriers, are getting ready to reclaim lost wages and benefits for workers, as well as some lost clout for themselves.
Published 02 Jul, 2007 12:00am
UK's Fraud Office to question BAE executives

UK's Fraud Office to question BAE executives

Britain's Serious Fraud Office is about to begin a second series of interviews under caution with executives from defence group BAE Systems Plc implicated in allegations of corruption, the Sunday Telegraph newspaper said.
Published 02 Jul, 2007 12:00am
East Asia monetary fund in sight: Thai minister

East Asia monetary fund in sight: Thai minister

East Asian countries will have their own monetary fund in around five years to promote exchange rate stability and to help ward off a future regional currency crisis, Thailand's finance minister said on Sunday.
Published 02 Jul, 2007 12:00am
Europe warns China to ensure respect for new labour law

Europe warns China to ensure respect for new labour law

An influential European business group on Sunday said China must ensure a new law to help workers is respected, as the effectiveness of similar legislation has been "non-existent" in the past. A controversial bill on contract labour approved on Friday wil
Published 02 Jul, 2007 12:00am
Algeria's CPA bank reports $110 million profit

Algeria's CPA bank reports $110 million profit

Algerian bank Credit Populaire d'Algerie (CPA), due to be privatised later this year, made a 7.9 billion-dinar ($110 million) net profit in 2006, a government-owned newspaper reported on Sunday. El Moudjahid provided no figure for 2005 but said CPA's tota
Published 02 Jul, 2007 12:00am
Algeria's CPA bank reports $110 million profit

Algeria's CPA bank reports $110 million profit

Algerian bank Credit Populaire d'Algerie (CPA), due to be privatised later this year, made a 7.9 billion-dinar ($110 million) net profit in 2006, a government-owned newspaper reported on Sunday. El Moudjahid provided no figure for 2005 but said CPA's tota
Published 02 Jul, 2007 12:00am
Australian market's bull-run expected to continue

Australian market's bull-run expected to continue

The Australian share market will continue to soar this financial year as a China-driven resources boom that fuelled 24 percent growth in the past 12 months shows no signs of abating, analysts say. The benchmark S&P/ASX 200 rose 1,201.0 points to 6,274.9 i
Published 02 Jul, 2007 12:00am
Baseball: Oakland hands Yankees another loss

Baseball: Oakland hands Yankees another loss

The Oakland Athletics blanked the New York Yankees 7-0 on Saturday to hand the struggling Yankees their eighth loss in 10 games. Chad Gaudin (7-3) had a no-hitter going into the sixth inning before giving up a single to Johnny Damon. It was the only hit h
Published 02 Jul, 2007 12:00am
Sakata defends WBA flyweight title

Sakata defends WBA flyweight title

Japan's Takefumi Sakata avenged his loss in December by beating Roberto Vasquez of Panama to defend the World Boxing Association flyweight title on Sunday. There was no knockdown in the scheduled 12 rounds but Sakata took the initiative to send Vasquez to
Published 02 Jul, 2007 12:00am
O'Brien sweeps Irish Derby 1-2-3

O'Brien sweeps Irish Derby 1-2-3

Trainer Aidan O'Brien saddled the first three home in the Irish Derby at The Curragh on Sunday. Soldier Of Fortune (5-1), the mount of Seamus Heffernan, raced home nine lengths clear of stable companion Alexander Of Hales (33-1), partnered by Mick Kinane.
Published 02 Jul, 2007 12:00am
New Zealand McMillan to captain MCC

New Zealand McMillan to captain MCC

New Zealand all-rounder Craig McMillan will captain Marylebone Cricket Club (MCC) against Sri Lanka 'A' at Arundel, southern England, in a three-day first class fixture from July 10-12, the club announced here Sunday.
Published 02 Jul, 2007 12:00am
Djokovic sets himself lofty goals

Djokovic sets himself lofty goals

Serbia's Novak Djokovic sauntered around the players' lounge at Wimbledon last week engaging in light-hearted banter, occasionally peering at a monitor to check the scores from the courts outside. His cheeky, boyish face and jet black "brush-top" haircut
Published 02 Jul, 2007 12:00am
Hantuchova for revenge against Serena

Hantuchova for revenge against Serena

Daniela Hantuchova will want to settle an old score against Serena Williams on Monday. The last time the slender Slovakian met Williams at Wimbledon, she managed to win just five games as her elegant strokeplay was blunted by the fierce power of the Ameri
Published 02 Jul, 2007 12:00am
Edwards 5/45 causes England collapse

Edwards 5/45 causes England collapse

Fidel Edwards took five for 45 as the West Indies bowled England out for 225 in the first innings of the first one-day international at Lord's on Sunday. England were 184 for four when the game was halted for an hour by rain and when play resumed with 7.2
Published 02 Jul, 2007 12:00am
Becker slams British wildcards

Becker slams British wildcards

Triple Wimbledon champion Boris Becker has hit out at the wildcard system used to give British players a chance of Grand Slam action. Every year a handful of British men and women are given a free-ride straight into the first round draw at the All England
Published 02 Jul, 2007 12:00am
Sailing competition: America's Cup showdown postponed

Sailing competition: America's Cup showdown postponed

Alinghi had everything lined up to win the America's Cup on Sunday but the crunch race was postponed because the vital ingredient was missing - wind. The Swiss syndicate lead Team New Zealand 4-2 in the best-of-nine series and will now have to wait until
Published 02 Jul, 2007 12:00am
Britain's Storm captures French Open by one shot

Britain's Storm captures French Open by one shot

Britain's Graeme Storm won the French Open on Sunday by a shot from Denmark's overnight leader Soren Hansen after starting out five strokes behind. The former British Amateur champion became the European Tour's 14th first time winner of the season as he c
Published 02 Jul, 2007 12:00am
Spectacular strikes boost China

Spectacular strikes boost China

A pair of spectacular strikes brightened China's Asian Cup hopes as a combined China-Hong Kong team beat FIFA World Stars 2-0 in the Reunification Cup on Sunday.
Published 02 Jul, 2007 12:00am
Be bold, pick Sochi for 2014, says Putin

Be bold, pick Sochi for 2014, says Putin

Russian President Vladimir Putin on Sunday urged the International Olympic Committee (IOC) to move away from traditional winter Olympic venues and pick the Black Sea resort of Sochi for the 2014 Games. The IOC has shortlisted Sochi, Salzburg in Austria an
Published 02 Jul, 2007 12:00am
KKI weekly market review

KKI weekly market review

Khanani & Kalia International (Pvt) Limited Weekly Market Review on Sunday (July 01, 2007).
Published 02 Jul, 2007 12:00am
The Weather

The Weather

The weather report on Sunday (July 01, 2007) and the forecast for Monday (July 02, 2007).
Published 02 Jul, 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 25 to 30, 2007).

Published 02 Jul, 2007 12:00am
PEL signs joint venture with Moroccan firm

PEL signs joint venture with Moroccan firm

Petroleum Exploration (Pvt) Limited (PEL) has become the first-ever Pakistani oil and gas company to undertake exploration and production in North Africa.
Published 02 Jul, 2007 12:00am
PEL signs joint venture with Moroccan firm

PEL signs joint venture with Moroccan firm

Petroleum Exploration (Pvt) Limited (PEL) has become the first-ever Pakistani oil and gas company to undertake exploration and production in North Africa.
Published 02 Jul, 2007 12:00am
PEL signs joint venture with Moroccan firm

PEL signs joint venture with Moroccan firm

Petroleum Exploration (Pvt) Limited (PEL) has become the first-ever Pakistani oil and gas company to undertake exploration and production in North Africa.
Published 02 Jul, 2007 12:00am
Hoarding, cap on rates lower rice exports

Hoarding, cap on rates lower rice exports

Not only has an artificial and exorbitant increase in prices of rice led to the imposition of a cap or limited the amount of money that can be charged for each kilogram of rice by the UAE, it has resulted in a decline of exports, putting Pakistani exporte
Published 02 Jul, 2007 12:00am
Hoarding, cap on rates lower rice exports

Hoarding, cap on rates lower rice exports

Not only has an artificial and exorbitant increase in prices of rice led to the imposition of a cap or limited the amount of money that can be charged for each kilogram of rice by the UAE, it has resulted in a decline of exports, putting Pakistani exporte
Published 02 Jul, 2007 12:00am
Hoarding, cap on rates lower rice exports

Hoarding, cap on rates lower rice exports

Not only has an artificial and exorbitant increase in prices of rice led to the imposition of a cap or limited the amount of money that can be charged for each kilogram of rice by the UAE, it has resulted in a decline of exports, putting Pakistani exporte
Published 02 Jul, 2007 12:00am
High interest rates stunt LSM growth

High interest rates stunt LSM growth

The country has missed its large-scale manufacturing (LSM) growth target of 12.5 percent by 4 percent in the wake of high interest rates and increased cost of doing business in the country, reliable sources said.
Published 02 Jul, 2007 12:00am
High interest rates stunt LSM growth

High interest rates stunt LSM growth

The country has missed its large-scale manufacturing (LSM) growth target of 12.5 percent by 4 percent in the wake of high interest rates and increased cost of doing business in the country, reliable sources said.
Published 02 Jul, 2007 12:00am
High interest rates stunt LSM growth

High interest rates stunt LSM growth

The country has missed its large-scale manufacturing (LSM) growth target of 12.5 percent by 4 percent in the wake of high interest rates and increased cost of doing business in the country, reliable sources said.
Published 02 Jul, 2007 12:00am
Privatisation of PMDC mines recommended

Privatisation of PMDC mines recommended

The Privatisation Commission (PC) has recommended privatisation of salt and coal mines projects of Pakistan Mineral Development Corporation (PMDC) as separate transactions, official sources told Business Recorder.
Published 02 Jul, 2007 12:00am
Privatisation of PMDC mines recommended

Privatisation of PMDC mines recommended

The Privatisation Commission (PC) has recommended privatisation of salt and coal mines projects of Pakistan Mineral Development Corporation (PMDC) as separate transactions, official sources told Business Recorder.
Published 02 Jul, 2007 12:00am
Privatisation of PMDC mines recommended

Privatisation of PMDC mines recommended

The Privatisation Commission (PC) has recommended privatisation of salt and coal mines projects of Pakistan Mineral Development Corporation (PMDC) as separate transactions, official sources told Business Recorder.
Published 02 Jul, 2007 12:00am
SITUATIONER: a litmus test for government concern for people

SITUATIONER: a litmus test for government concern for people

If you know about dangers before they happen, you can be better prepared for them. A calamitous scenario forecast by the Flood Forecasting Bureau in the shape of a statement that disasters could happen in these four days has frightened people already reel
Published 02 Jul, 2007 12:00am
SITUATIONER: a litmus test for government concern for people

SITUATIONER: a litmus test for government concern for people

If you know about dangers before they happen, you can be better prepared for them. A calamitous scenario forecast by the Flood Forecasting Bureau in the shape of a statement that disasters could happen in these four days has frightened people already reel
Published 02 Jul, 2007 12:00am
JFK airport closed briefly

JFK airport closed briefly

Terminal three of London's Heathrow airport was closed late Sunday night after suspicious package found there. According to BBC, police is inspecting the package. A news channel has claimed that the five suspects arrested in connection with Saturday's ter
Published 02 Jul, 2007 12:00am
THE RUPEE: firm trend in money market

THE RUPEE: firm trend in money market

At the end of the outgoing fiscal year (2007-08), the rupee maintained a firm posture against the dollar in the currency market, the week ending June 30, analysts said.
Published 02 Jul, 2007 12:00am
THE RUPEE: firm trend in money market

THE RUPEE: firm trend in money market

At the end of the outgoing fiscal year (2007-08), the rupee maintained a firm posture against the dollar in the currency market, the week ending June 30, analysts said.
Published 02 Jul, 2007 12:00am
Withholding tax on locally assembled cars cut to 2.5 percent

Withholding tax on locally assembled cars cut to 2.5 percent

The government has reduced withholding tax from 5 percent to 2.5 percent on locally manufactured cars with a view to promote and strengthen local industry. CBR Chairman M Abdullah Yusuf told the media persons on Sunday that the reduced rate of 2.5 percent
Published 02 Jul, 2007 12:00am
Withholding tax on locally assembled cars cut to 2.5 percent

Withholding tax on locally assembled cars cut to 2.5 percent

The government has reduced withholding tax from 5 percent to 2.5 percent on locally manufactured cars with a view to promote and strengthen local industry. CBR Chairman M Abdullah Yusuf told the media persons on Sunday that the reduced rate of 2.5 percent
Published 02 Jul, 2007 12:00am
Withholding tax on locally assembled cars cut to 2.5 percent

Withholding tax on locally assembled cars cut to 2.5 percent

The government has reduced withholding tax from 5 percent to 2.5 percent on locally manufactured cars with a view to promote and strengthen local industry. CBR Chairman M Abdullah Yusuf told the media persons on Sunday that the reduced rate of 2.5 percent
Published 02 Jul, 2007 12:00am
Steel sector to pay Rs 3800 per ton fixed sales tax

Steel sector to pay Rs 3800 per ton fixed sales tax

The Central Board of Revenue (CBR) has withdrawn 20 percent sales tax on import of scrap/ingot iron and imposed a fixed sales tax of Rs 3,800 per ton at melting/billet-making stage. The fixed sales tax of Rs 3,800 per ton on billet and ingot stage will be
Published 02 Jul, 2007 12:00am
Steel sector to pay Rs 3800 per ton fixed sales tax

Steel sector to pay Rs 3800 per ton fixed sales tax

The Central Board of Revenue (CBR) has withdrawn 20 percent sales tax on import of scrap/ingot iron and imposed a fixed sales tax of Rs 3,800 per ton at melting/billet-making stage. The fixed sales tax of Rs 3,800 per ton on billet and ingot stage will be
Published 02 Jul, 2007 12:00am
Steel sector to pay Rs 3800 per ton fixed sales tax

Steel sector to pay Rs 3800 per ton fixed sales tax

The Central Board of Revenue (CBR) has withdrawn 20 percent sales tax on import of scrap/ingot iron and imposed a fixed sales tax of Rs 3,800 per ton at melting/billet-making stage. The fixed sales tax of Rs 3,800 per ton on billet and ingot stage will be
Published 02 Jul, 2007 12:00am
Steel sector to pay Rs 3800 per ton fixed sales tax

Steel sector to pay Rs 3800 per ton fixed sales tax

The Central Board of Revenue (CBR) has withdrawn 20 percent sales tax on import of scrap/ingot iron and imposed a fixed sales tax of Rs 3,800 per ton at melting/billet-making stage. The fixed sales tax of Rs 3,800 per ton on billet and ingot stage will be
Published 02 Jul, 2007 12:00am
Missionary school attack suspects held

Missionary school attack suspects held

The Punjab police in collaboration with other law-enforcement agencies have arrested eight terrorists belonging to a defunct religious organisation, said Additional IG Police Malik Iqbal at a press conference here on Sunday.
Published 02 Jul, 2007 12:00am
Missionary school attack suspects held

Missionary school attack suspects held

The Punjab police in collaboration with other law-enforcement agencies have arrested eight terrorists belonging to a defunct religious organisation, said Additional IG Police Malik Iqbal at a press conference here on Sunday.
Published 02 Jul, 2007 12:00am
Heavy rains expected to lash country up to Friday

Heavy rains expected to lash country up to Friday

Heavy rainfall and flooding is expected to affect several parts of the country from Sunday to July 6 due to arrival of a new intense weather system in Pakistan, according to Chief Meteorologist of Flood Forecasting Division of Pakistan Meteorological Depa
Published 02 Jul, 2007 12:00am
Heavy rains expected to lash country up to Friday

Heavy rains expected to lash country up to Friday

Heavy rainfall and flooding is expected to affect several parts of the country from Sunday to July 6 due to arrival of a new intense weather system in Pakistan, according to Chief Meteorologist of Flood Forecasting Division of Pakistan Meteorological Depa
Published 02 Jul, 2007 12:00am
KSE-100 index gains 379.99 points

KSE-100 index gains 379.99 points

The Karachi share market during last week ending on June 30, 2007, which was also the last week of fiscal year 2006-07, resumed an upward movement and the KSE-100 index crossed 13,800 points mark before closing at a new high level of 13,772.46 points, wit
Published 02 Jul, 2007 12:00am
KSE-100 index gains 379.99 points

KSE-100 index gains 379.99 points

The Karachi share market during last week ending on June 30, 2007, which was also the last week of fiscal year 2006-07, resumed an upward movement and the KSE-100 index crossed 13,800 points mark before closing at a new high level of 13,772.46 points, wit
Published 02 Jul, 2007 12:00am
KSE-100 index gains 379.99 points

KSE-100 index gains 379.99 points

The Karachi share market during last week ending on June 30, 2007, which was also the last week of fiscal year 2006-07, resumed an upward movement and the KSE-100 index crossed 13,800 points mark before closing at a new high level of 13,772.46 points, wit
Published 02 Jul, 2007 12:00am
CFS rates hit 16-week high

CFS rates hit 16-week high

The investment under the continuous funding system (CFS) at the local share market settled at Rs 54.52 billion on Friday (June 29) slightly above Rs 54.43 on the same day a week earlier.
Published 02 Jul, 2007 12:00am
CFS rates hit 16-week high

CFS rates hit 16-week high

The investment under the continuous funding system (CFS) at the local share market settled at Rs 54.52 billion on Friday (June 29) slightly above Rs 54.43 on the same day a week earlier.
Published 02 Jul, 2007 12:00am
CFS rates hit 16-week high

CFS rates hit 16-week high

The investment under the continuous funding system (CFS) at the local share market settled at Rs 54.52 billion on Friday (June 29) slightly above Rs 54.43 on the same day a week earlier.
Published 02 Jul, 2007 12:00am
CFS rates hit 16-week high

CFS rates hit 16-week high

The investment under the continuous funding system (CFS) at the local share market settled at Rs 54.52 billion on Friday (June 29) slightly above Rs 54.43 on the same day a week earlier.
Published 02 Jul, 2007 12:00am
LSE remains bullish

LSE remains bullish

Pushed by buying interest in cements, fertilisers, JOVC, Arif Habib Securities, key banks and insurance sector, the share market moved forward and ended the outgoing week with a net gain of 2.21 percent, with also a tangible improvement in volume, depicti
Published 02 Jul, 2007 12:00am
LSE remains bullish

LSE remains bullish

Pushed by buying interest in cements, fertilisers, JOVC, Arif Habib Securities, key banks and insurance sector, the share market moved forward and ended the outgoing week with a net gain of 2.21 percent, with also a tangible improvement in volume, depicti
Published 02 Jul, 2007 12:00am
PRM criticises government role on crises

PRM criticises government role on crises

The People's Rights Movement (PRM) on Sunday sought ending army role in politics and held the present government responsible for mishandling crisis like situations in Karachi, Balochistan, Waziristan and even in Islamabad.
Published 02 Jul, 2007 12:00am
Foreign cyclists in Islamabad

Foreign cyclists in Islamabad

Two cyclists from France and Russia, who arrived in Pakistan through the Karakoram highway, said they found the country fascinating and praised the warm hospitality of the people.
Published 02 Jul, 2007 12:00am
'Dunya Kahen Jisay' a unique Urdu travelogue

'Dunya Kahen Jisay' a unique Urdu travelogue

The late noted British sci-fi writer Kingsley William Amis (1922-1995) described Oxford thus in a poem: "Here is a list of things I have understood.
Published 02 Jul, 2007 12:00am
Punjab University starts summer camp

Punjab University starts summer camp

'Punjab University sports department should start programmes for university students like summer camp in the vacations to provide relief after the whole year's study and for their physical fitness and growth'.
Published 02 Jul, 2007 12:00am
FTO directs CBR to refund Rs 58.192 million to complainant

FTO directs CBR to refund Rs 58.192 million to complainant

The Federal Tax Ombudsman, former Justice Munir A. Sheikh, has instructed the Central Board of Revenue to refund Rs 58.192 million to a complainant of Peshawar. The complainant is a consortium of three parties namely the Nayab International, the Ashad Exp
Published 02 Jul, 2007 12:00am
Sindh University syndicate lauds academic services of Dr Abassi

Sindh University syndicate lauds academic services of Dr Abassi

Sindh University syndicate has approved naming of newly constructed Post Graduate Girls Hostel as Dr. Aapa Shams Abassi Post Graduate Girls Hostel in recognition of her valuable services in education, especially in girls education in rural and urban parts
Published 02 Jul, 2007 12:00am
Car import policy puts dealers Rs 12 billion at stake: APMDA

Car import policy puts dealers Rs 12 billion at stake: APMDA

The government decision to import three years old cars, instead of five years old, has not only led to an upsurge in premium of local cars but has also put on stake Rs 12 billion of dealers as between 3000 to 3500 vehicles are stuck up at Japanese ports,
Published 02 Jul, 2007 12:00am
Young Leaders' Conference opens amidst fanfare

Young Leaders' Conference opens amidst fanfare

The Young Leaders' Conference-2007 commenced here at local hotel amidst great fanfare and enthusiasm. The six-day conference is an annual event, organised by the School of Leadership (SoL), Karachi.
Published 02 Jul, 2007 12:00am
Pakistan releases 50 Indian prisoners

Pakistan releases 50 Indian prisoners

Fifty Indian prisoners were released from Landhi District Jail here on Sunday morning and sent to Wagha border in vehicles of Ansar Burney Trust to hand them over to Indian officials. All expenses to send them to India have been met by Ansar Burney Trust
Published 02 Jul, 2007 12:00am
Supreme Court resumes hearing of Chief Justice petition today

Supreme Court resumes hearing of Chief Justice petition today

The Supreme Court on Monday will resume the hearing on the petition of Chief Justice Iftikhar Muhammad Chaudhry challenging a reference against him, composition of the SJC and its competence to try the Chief Justice.
Published 02 Jul, 2007 12:00am
KPT finalises Rs 240 million deal with CBA

KPT finalises Rs 240 million deal with CBA

The management of Karachi Port Trust (KPT) and its Collective Bargaining Agent - the United Workers Front of KPT - has entered a Rs 240 million Charter of Demand for two years. When contacted, a senior official of KPT confirmed to Business Recorder </i
Published 02 Jul, 2007 12:00am
PAF transported 380 tons relief goods

PAF transported 380 tons relief goods

Pakistan Airforce has undertaken a large-scale relief operation for the rain victims in Sindh and Balochistan provinces, a PAF statement said on Sunday. Pakistan Air Force's C-130 transport aircraft carried out 35 relief flights with 380 tonnes relief goo
Published 02 Jul, 2007 12:00am
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