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Archive - 2007-07-09
Lengthening shadows of Lal Masjid

Lengthening shadows of Lal Masjid

Action against Lal Masjid-Jamia Hafsa complex tends to cast a shadow lengthier than expected, or warranted, on the overall political scene in the country. Given that the government assembled a massive assault force, fully buttressed by instant top-level a
Published 09 Jul, 2007 12:00am
The nature of challenges in textile and clothing sector-II

The nature of challenges in textile and clothing sector-II

Lending Rates and Export Refinance Scheme: The real interest rates after declining from 9.5 percent in 2000-01 to -0.3 percent in 2004-05, increased to 3 percent in 2005-06. Similarly, the rate of export refinance scheme from 13 percent in 2000-01 decline
Published 09 Jul, 2007 12:00am
A disaster waiting to happen?

A disaster waiting to happen?

As residents of Karachi, it is increasingly necessary for us to heed the call of the rapidly deteriorating civic infrastructure of our local communities, considering the hindrance it forms to the provision of social welfare and health services in this tee
Published 09 Jul, 2007 12:00am
Rover's Diary: time to change Madrassa culture

Rover's Diary: time to change Madrassa culture

By the time this column would be printed, I think the drop scene of Lal Masjid drama may be over. The two clerics, who were challenging the writ of the government and had established their nuisance in the capital, have proved to be mindless opportunists i
Published 09 Jul, 2007 12:00am
The changing international communication scene

The changing international communication scene

The past two decades have witnessed a revolution in the field of information and communication technologies, internet and telecommunication engineering. The giant big leap forward in areas of space communications, optical fiber, high capacity Radio links
Published 09 Jul, 2007 12:00am
Kenyans live in silent fear of Mungiki gang

Kenyans live in silent fear of Mungiki gang

Locked in a war with Kenya's police, the Mungiki criminal gang has already spread enough fear and violence to have made its name the word that is not spoken aloud in Kenya's fertile highlands.
Published 09 Jul, 2007 12:00am
Supreme Court resumes hearing of Chief Justice's petition today

Supreme Court resumes hearing of Chief Justice's petition today

The 13-member 'full court' of Supreme Court will resume on Monday the hearing on constitutional petition of Chief Justice of Pakistan, Justice Iftikhar Muhammad Chaudhry against the Presidential Reference. Senior counsel for federation Justice Malik Muham
Published 09 Jul, 2007 12:00am
Rs 3 billion to be spent on drainage system project: Rashid

Rs 3 billion to be spent on drainage system project: Rashid

Federal Minister for Railways, Sheikh Rashid Ahmed has said Rs 3 billion out of Rs 16 billion reserved for the Nullah Leh Expressway project are being spent on drainage system, which he said would help controlling flood like situation in future.
Published 09 Jul, 2007 12:00am
Tareen to inaugurate three Smeda projects on July 10

Tareen to inaugurate three Smeda projects on July 10

Small and Medium Enterprise Development Authority (Smeda) has finalised necessary arrangements to launch three different projects, including Sialkot Business and Commerce Center, Product Development Center and Sports Industries Development Center costing
Published 09 Jul, 2007 12:00am
Mobile cameras installed in vehicles

Mobile cameras installed in vehicles

Islamabad Traffic Police (ITP) have installed mobile cameras in all its vehicles to control speedy and reckless driving in the Federal Capital. In the night, the checking is conducted with help of the night-vision cameras, SSP Traffic, Muhammad Zubair Has
Published 09 Jul, 2007 12:00am
HRM condemns operation against Lal Masjid

HRM condemns operation against Lal Masjid

The Human Rights Movement (HRM) has condemned the Lal Masjid stand off and the government's decision to undertake an operation six months after the initial capture of the mosque, Madrassah and the children's library.
Published 09 Jul, 2007 12:00am
Growers advised to monitor cotton fields daily

Growers advised to monitor cotton fields daily

The prevailing weather condition was conducive to invite attack by mealy bug and white fly on cotton crop and growers should monitor their fields daily to adopt preventive measures to save the crop.
Published 09 Jul, 2007 12:00am
New national culture policy being drafted

New national culture policy being drafted

A new national culture policy is being drafted by the ministry of culture with emphasis on public-private partnership. "The revised culture policy would be introduced with certain amendments in view of the changed circumstances", Minister for Culture Dr G
Published 09 Jul, 2007 12:00am
Blair wanted to quit year before Iraq war: book

Blair wanted to quit year before Iraq war: book

Tony Blair wanted to quit as Britain's prime minister a year before the Iraq war after a fall in his poll ratings, his former chief media aide Alastair Campbell said on Sunday. Blair asked a group of advisers in 2002 whether he should announce he would no
Published 09 Jul, 2007 12:00am
IAEA meets to approve funds for North Korea inspections

IAEA meets to approve funds for North Korea inspections

The UN atomic watchdog agency is expected Monday to allocate its first funds - 3.9 million euros (5.3 million dollars) - to monitor North Korea's start on dismantling its nuclear weapons program.
Published 09 Jul, 2007 12:00am
Train from India arrives in Bangladesh on trial run

Train from India arrives in Bangladesh on trial run

An Indian railway train on a trial run arrived in Bangladesh on Sunday, in a step toward resuming a service between the two neighbours suspended some 42 years ago, officials said. Bangladesh hopes a regular passenger train service will be launched by mid-
Published 09 Jul, 2007 12:00am
Rift between Sadr bloc and Iraqi Prime Minister widens

Rift between Sadr bloc and Iraqi Prime Minister widens

A powerful Shia bloc lashed out at Iraqi Prime Minister Nuri al-Maliki on Sunday after he accused it of failing to take a clear stance on violence, signalling a deepening rift between Maliki and a former backer.
Published 09 Jul, 2007 12:00am
'Bomb death toll may be 150'

'Bomb death toll may be 150'

  • The death toll from Saturday's truck bomb attack in a market in the northern Iraqi town of Tuz Khurmato may be as high as 150, local officials said on Sunday. Local police and the mayor, Mohammed Rasheed, said the confirmed death toll was 130, with 250
Published 09 Jul, 2007 12:00am
Kosovo guerrilla veterans warn of new war

Kosovo guerrilla veterans warn of new war

Veterans of Kosovo's 1998-99 guerrilla war said on Sunday they were prepared to take up arms again if deadlock between the West and Russia continued to block the province's independence from Serbia. Veterans of the ethnic Albanian Kosovo Liberation Army (
Published 09 Jul, 2007 12:00am
'Britons mistreat Russians'

'Britons mistreat Russians'

Russia's envoy to Britain, in comments reflecting Moscow's chilly ties with London, complained in an interview on Sunday that Russians in Britain were treated like the mafia and suffered assaults by nationalist groups.
Published 09 Jul, 2007 12:00am
Israel agrees to free Palestinian prisoners

Israel agrees to free Palestinian prisoners

Israel's cabinet agreed on Sunday to release 250 Palestinian prisoners in the latest attempt to strengthen Western-backed Palestinian President Mahmoud Abbas after Hamas's seizure of the Gaza Strip.
Published 09 Jul, 2007 12:00am
Blast at Sri Lankan air base, two killed

Blast at Sri Lankan air base, two killed

Two Tamil Tigers were killed Sunday in a three-hour sea battle with Sri Lanka's navy, the guerrillas said, as the military intensified attacks to gain control of the island's east. Amid the escalating conflict, four airmen were seriously injured after a c
Published 09 Jul, 2007 12:00am
Saudi fatwa against liberals raises fears of violence

Saudi fatwa against liberals raises fears of violence

A religious edict by a prominent Saudi cleric suggesting liberals are not real Muslims has enflamed debate over reforms in the conservative Islamic state, with self-professed liberals fearing they will be attacked.
Published 09 Jul, 2007 12:00am
US-Mafia assassin had little chance: Castro

US-Mafia assassin had little chance: Castro

Convalescing Cuban President Fidel Castro said on Sunday the man the United States and Mafia contracted to poison him in the early 1960s would not have been able to get close enough to him to be successful.
Published 09 Jul, 2007 12:00am
Framers of Palestinian constitution challenge Abbas

Framers of Palestinian constitution challenge Abbas

The senior lawyers who wrote the interim Palestinian constitution say President Mahmoud Abbas exceeded his powers in appointing an emergency government to replace a Hamas-led cabinet without parliamentary approval.
Published 09 Jul, 2007 12:00am
UK investors look to retailers

UK investors look to retailers

Britain's retail sector shifts into focus amid fears that wet weather and five interest rate hikes in the past year have taken their toll on consumer spending, analysts said. The FTSE 100 index of leading shares finished at 6,690.10 points on Friday, up 8
Published 09 Jul, 2007 12:00am
Indian shares may ease after hitting record

Indian shares may ease after hitting record

Indian share prices could edge back next week after the benchmark 30-share Sensex index went past the 15,000 points level on Friday for the first time, dealers said.
Published 09 Jul, 2007 12:00am
Tokyo shares likely to hold above 18,000 points

Tokyo shares likely to hold above 18,000 points

Japanese share prices are likely to hold above 18,000 points, supported by the weaker yen and optimism about the US economic outlook, dealers said on Friday. But they said investors need fresh incentives to push shares higher and will be watching several
Published 09 Jul, 2007 12:00am
Australian shares likely to go up

Australian shares likely to go up

Australian share prices are expected to rise next week as it recovers amid improving sentiment from recent losses, dealers said. For the week ending July 6, the benchmark S&P/ASX 200 rose 76.2 points or 1.2 percent to 6,351.1.
Published 09 Jul, 2007 12:00am
Hong Kong shares to continue upward trend

Hong Kong shares to continue upward trend

Hong Kong shares are poised to continue their upward trend next week and could hit fresh highs, dealers said Friday. Eugene Law, head of research at Celestial Asia Securities Holdings, said liquidity would remain strong after the market hit a record high
Published 09 Jul, 2007 12:00am
Malaysian shares expected to trade higher

Malaysian shares expected to trade higher

Malaysian share prices are expected to trade higher in the week ahead with technical factors pointing to the key composite index challenging the all-time high level, dealers said on Friday. "The market is likely to remain firm next week with limited downs
Published 09 Jul, 2007 12:00am
Bangladesh interbank rates

Bangladesh interbank rates

Bangladesh Interbank buy/sell rates for the taka - against the dollar on Sunday. 68.67/68.71 (previous 68.70/68.74).
Published 09 Jul, 2007 12:00am
Wall Street looks to earnings for catalyst

Wall Street looks to earnings for catalyst

Key Wall Street indexes have clawed their way back to approach their record highs after a solid week, and investors are now looking to the upcoming corporate earnings season for direction of the market.
Published 09 Jul, 2007 12:00am
Asian currencies move up against dollar

Asian currencies move up against dollar

Asian currencies ended the week mainly up against the US dollar as the Australian dollar hit an 18-year high and the yen strengthened over a predicted increase in euro-zone borrowing rates.
Published 09 Jul, 2007 12:00am
Thailand shares likely to rise

Thailand shares likely to rise

Thai share prices are expected to rise next week after the endorsement of the draft constitution improved Thailand's political outlook following last year's coup, dealers said.
Published 09 Jul, 2007 12:00am
Taiwan equities may extend gains but upside capped

Taiwan equities may extend gains but upside capped

Taiwan share prices are expected to extend recent gains but room for any further upside may be limited by technical factors after the latest rally, dealers said on Friday.
Published 09 Jul, 2007 12:00am
Jakarta shares prone to correction

Jakarta shares prone to correction

Indonesian share prices are prone for a correction next week after the main index hit record closes five consecutive days over the past week, dealers said on Friday. But they added some second-line shares still showed upside potential.
Published 09 Jul, 2007 12:00am
Prudential to set up joint venture in India

Prudential to set up joint venture in India

US life insurer Prudential Financial Inc is in the final stages of picking an Indian company to form an asset management joint venture to break into the market, an executive said on July 04.
Published 09 Jul, 2007 12:00am
Manila's Jollibee eyes more fastfood brands in China

Manila's Jollibee eyes more fastfood brands in China

Jollibee Foods Corp, the Philippines' biggest fastfood chain, said on July 05 that it planned to buy three more fastfood brands in China at a cost of up to $120 million. Jollibee, which outsells McDonalds and KFC in its home market, already operates two f
Published 09 Jul, 2007 12:00am
LG Philips LCD to swing to hefty second quarter profit

LG Philips LCD to swing to hefty second quarter profit

Flat screen maker LG.Philips LCD Co Ltd is set to swing to a profit in the second quarter, ending a streak of four straight losing quarters, as panel prices bottomed out and demand began to pick up.
Published 09 Jul, 2007 12:00am
LG Philips LCD to swing to hefty second quarter profit

LG Philips LCD to swing to hefty second quarter profit

Flat screen maker LG.Philips LCD Co Ltd is set to swing to a profit in the second quarter, ending a streak of four straight losing quarters, as panel prices bottomed out and demand began to pick up.
Published 09 Jul, 2007 12:00am
Youtube and LG agree to develop new mobile phone

Youtube and LG agree to develop new mobile phone

South Korea's LG Electronics said on July 03 that it has signed an agreement with YouTube, the world's biggest video-sharing website, to develop a mobile phone which can operate the service.
Published 09 Jul, 2007 12:00am
DaimlerChrysler delays second quarter results to August 29

DaimlerChrysler delays second quarter results to August 29

DaimlerChrysler will postpone until August 29 its full second-quarter results, which were originally due on July 26, the world's fifth-biggest carmaker said on July 02. It cited the complexity arising from its sale of a majority stake in US arm Chrysler t
Published 09 Jul, 2007 12:00am
DaimlerChrysler delays second quarter results to August 29

DaimlerChrysler delays second quarter results to August 29

DaimlerChrysler will postpone until August 29 its full second-quarter results, which were originally due on July 26, the world's fifth-biggest carmaker said on July 02. It cited the complexity arising from its sale of a majority stake in US arm Chrysler t
Published 09 Jul, 2007 12:00am
Price boom draws more banks deeper into energy

Price boom draws more banks deeper into energy

High oil prices and booming commodity markets have started a new goldrush into the sector that will see more banks chartering tankers and renting oil storage facilities. Morgan Stanley and Goldman Sachs have dominated in energy and commodities for more th
Published 09 Jul, 2007 12:00am
Qatar shipper eyes Islamic market

Qatar shipper eyes Islamic market

Qatar Gas Transportation Co (Nakilat) is considering tapping the Islamic finance market as part of plans to raise $2.5 billon early next year to pay for tankers, the company's managing director said.
Published 09 Jul, 2007 12:00am
Rosneft buys Yukos assets from mystery company

Rosneft buys Yukos assets from mystery company

Russian state-controlled oil giant Rosneft bought a row of valuable assets on July 02 formerly owned by shattered oil major Yukos, Rosneft said in a statement. Rosneft bought a group of trading companies and related assets, including Yukos' former headqua
Published 09 Jul, 2007 12:00am
Toshiba sees strong LCD TV growth in China

Toshiba sees strong LCD TV growth in China

Japan's Toshiba Corp expects its LCD TV business in China to grow by over 25 percent next year amid strong consumer demand ahead of events such as the Beijing Olympics in 2008 and the Shanghai World Expo in 2010, senior executives said on Sunday.
Published 09 Jul, 2007 12:00am
Toshiba sees strong LCD TV growth in China

Toshiba sees strong LCD TV growth in China

Japan's Toshiba Corp expects its LCD TV business in China to grow by over 25 percent next year amid strong consumer demand ahead of events such as the Beijing Olympics in 2008 and the Shanghai World Expo in 2010, senior executives said on Sunday.
Published 09 Jul, 2007 12:00am
Samsung moves to China

Samsung moves to China

South Korea's largest electronics parts maker, Samsung Electro-Mechanics, said on July 6 that it would move all its camera module production lines for mobile handsets to China this year. Samsung Electro-Mechanics, a sister firm of Samsung Electronics, sai
Published 09 Jul, 2007 12:00am
Nokia-Siemens deal with Bharti Airtel

Nokia-Siemens deal with Bharti Airtel

Nokia Siemens Networks, the Finnish-German telecom networks manufacturer, said on July 3 that it had signed a memorandum of understanding worth 900 million dollars with India's Bharti Airtel.
Published 09 Jul, 2007 12:00am
Kenyan ISP to acquire rival

Kenyan ISP to acquire rival

Kenyan internet service provider (ISP) AccessKenya said on July 4 that it planned to acquire its rival Todays Online as the country's information sector gains momentum. Most Kenyan internet service providers offer bandwidth but plan to extend services to
Published 09 Jul, 2007 12:00am
Russian rocket launches US satellite

Russian rocket launches US satellite

A Russian Proton-M rocket carrying the US telecommunications satellite DirecTV-10 took off early on July 7 from Baikonur cosmodrome in Kazakhstan, Russia's Khrunichev space centre announced. The rocket was launched at 7:16 am (0116 GMT) and the satellite
Published 09 Jul, 2007 12:00am
HEC and Oracle sign agreement for IT solutions

HEC and Oracle sign agreement for IT solutions

The Higher Education Commission (HEC) has signed an agreement with Oracle for the provision of state-of-the-art Information Technology (IT) solutions for the local universities.
Published 09 Jul, 2007 12:00am
Apple to limit iPhone launch

Apple to limit iPhone launch

Apple will restrict the European launch of its multi-purpose iPhone to only Britain, France and Germany this year before a roll-out across Europe and Asia in 2008, the Financial Times said on July 5.
Published 09 Jul, 2007 12:00am
Chinese bid to protect minors may be doomed

Chinese bid to protect minors may be doomed

A bid by the Chinese government to limit the hours teenagers spend playing games online may be doomed due to the combined resistance from game operators and players, according to industry observers.
Published 09 Jul, 2007 12:00am
Oracle faces long and hard road to prove SAP charges

Oracle faces long and hard road to prove SAP charges

Oracle's search for a smoking gun to prove the truth of its allegations that rival SAP stole its software is likely to be long and arduous, making an out-of-court settlement attractive for both parties.
Published 09 Jul, 2007 12:00am
Thai regulator to issue 3G licences this year

Thai regulator to issue 3G licences this year

Thailand's telecommunications regulator said on July 3 that it expected to issue long-awaited licences for the third-generation (3G) mobile services by the end of this year.
Published 09 Jul, 2007 12:00am
GSMA launches innovation programme

GSMA launches innovation programme

GSMA, the association of mobile phone operators, has launched an ongoing programme to help the thousands of small and medium-sized companies developing innovative mobile products and services reach mobile operators and bring their innovations to end-users
Published 09 Jul, 2007 12:00am
Indonesia to build new satellite

Indonesia to build new satellite

Indonesia's Indosat on July 3 said it had appointed Thales Alenia Space France (TASF) to build and launch its latest telecommunications satellite, Palapa D. In a statement, the company said the satellite will be launched in 2009 and have a service life of
Published 09 Jul, 2007 12:00am
HEALTH UPDATE: teen skinfold thickness predicts adult weight

HEALTH UPDATE: teen skinfold thickness predicts adult weight

A long-term study has found that skinfold thickness during adolescence is a better predictor of being overweight as an adult than adolescent body mass index (BMI) - the ratio of weight to height commonly used to classify an individual as over-, under- or
Published 09 Jul, 2007 12:00am
HEALTH UPDATE: infection tied to recalled contact lens solution

HEALTH UPDATE: infection tied to recalled contact lens solution

Results of an ongoing investigation confirm a "strong association" between use of a particular type of contact lens solution - Advanced Medical Optics (AMO) Complete MoisturePlus Multi-Purpose Solution - and increased risk of a rare but serious eye infect
Published 09 Jul, 2007 12:00am
HEALTH UPDATE: major gene link seen to childhood asthma

HEALTH UPDATE: major gene link seen to childhood asthma

A newly-discovered gene boosts the risk of childhood asthma by as much as 70 percent, according to an investigation into asthma-prone infants in five countries. The culprit gene, called ORMDL3, is located on Chromosome 17, the paper, published online on J
Published 09 Jul, 2007 12:00am
HEALTH UPDATE: obesity link to high blood pressure has weakened

HEALTH UPDATE: obesity link to high blood pressure has weakened

It seems that the association between body mass index (BMI) and high blood pressure or hypertension has decreased since 1989, researchers say. The finding suggests that obesity may not have as much of an impact on heart-related disease as previously thoug
Published 09 Jul, 2007 12:00am
HEALTH UPDATE: eating disorders may disrupt periods

HEALTH UPDATE: eating disorders may disrupt periods

Any type of eating disorder can boost a woman's likelihood of having irregular menstrual periods, a new study confirms. Based on the findings, "when someone's got irregular menstruation, eating disorders should be on the radar screen," Dr Cynthia M. Bulik
Published 09 Jul, 2007 12:00am
HEALTH UPDATE: exercise legs on long flights

HEALTH UPDATE: exercise legs on long flights

Passengers travelling for four hours or more face double the risk of developing potentially fatal blood clots, the UN health agency said on June 30 in advising travellers on how to avoid it.
Published 09 Jul, 2007 12:00am
Early warning signals of brain remind us to avoid mistakes

Early warning signals of brain remind us to avoid mistakes

A latest study by the psychologists has identified that an 'early warning signal' from brain helps us to avoid repeating previous mistakes. The study has been published in the Journal of Cognitive Neuroscience, which identifies, for the first time, a mech
Published 09 Jul, 2007 12:00am
Extensive fumigation drive against mosquitoes awaited

Extensive fumigation drive against mosquitoes awaited

While the heavy rains have lashed Karachi and more rains are expected as the monsoon would continue till September, the city government health officials are still to work to control the mosquito population and educate the public on the dangers of the buzz
Published 09 Jul, 2007 12:00am
Stress can promote obesity; scientists uncover ways to melt flab

Stress can promote obesity; scientists uncover ways to melt flab

Scientists have reported that they have uncovered a biological switch by which stress can promote obesity, a discovery that could help explain the world's growing weight problem and lead to new ways to melt flab and manipulate fat for cosmetic purposes.
Published 09 Jul, 2007 12:00am
Scientists take first step to making synthetic life

Scientists take first step to making synthetic life

Scientists have taken a first step toward making synthetic life by transferring genetic material from one bacterium into another, transforming the second microbe into a copy of the first.
Published 09 Jul, 2007 12:00am
Mortality rate can increase due to global warming

Mortality rate can increase due to global warming

Sizzling temperatures brought on by global warming would kill more people in the summer, a new study suggests. "The results suggest that mortality from hot temperatures won't be compensated by a reduction in mortality in winter," said the study author and
Published 09 Jul, 2007 12:00am
Nissan starts building first car plant in Russia

Nissan starts building first car plant in Russia

Nissan Motor Co Japan's second-largest car maker, started building a $200 million car plant in St Petersburg on Sunday. Foreign car makers are streaming to Russia where the oil-fuelled economy is booming, and which may become Europe's biggest car market i
Published 09 Jul, 2007 12:00am
ECB chief backs voluntary fund governance codes

ECB chief backs voluntary fund governance codes

European Central Bank President Jean-Claude Trichet on Sunday repeated the ECB's support for voluntary governance codes, particularly for financial institutions such as hedge funds.
Published 09 Jul, 2007 12:00am
Merkel resists Sarkozy ideas on ECB

Merkel resists Sarkozy ideas on ECB

German Chancellor Angela Merkel has made it clear to French President Nicolas Sarkozy that Germany will firmly resist any efforts to impinge upon the European Central Bank's independence, Der Spiegel news magazine reported on Sunday.
Published 09 Jul, 2007 12:00am
Boubyan to open Islamic bank in UK

Boubyan to open Islamic bank in UK

Boubyan Bank , Kuwait's second-largest Islamic lender, said an affiliate would open a bank in Britain on Monday to tap demand among Britain's 1.8 million Muslims for investments that comply with their beliefs.
Published 09 Jul, 2007 12:00am
South Korea raises 2007 export, import growth forecasts

South Korea raises 2007 export, import growth forecasts

South Korea lifted its forecast for exports on Sunday, expecting annual growth of 12.8 percent in 2007 thanks to overall healthy expansion in the global economy, according to the Ministry of Commerce.
Published 09 Jul, 2007 12:00am
Bayer's blood-clot drug beats Lovenox in key study

Bayer's blood-clot drug beats Lovenox in key study

Bayer AG's experimental pill rivaroxaban is significantly more effective than standard injections of Lovenox in preventing blood clots after knee surgery, researchers said on Sunday. The news confirms the German drugmaker's leadership in the multibillion-
Published 09 Jul, 2007 12:00am
Libya launches gas licensing round

Libya launches gas licensing round

Libya's National Oil Corporation (NOC) launched on Sunday a licensing round to award foreign energy companies gas exploration licences involving 41 contracts, it said in a statement. All companies and/or consortia interesed in taking part in the bidding p
Published 09 Jul, 2007 12:00am
Bangladeshi credit drops on political uncertainty

Bangladeshi credit drops on political uncertainty

Bangladesh bank credit in the first 10 months of the last fiscal year fell about 51 percent from a year earlier, figures showed on Sunday, reflecting political uncertainty under the army-backed interim government.
Published 09 Jul, 2007 12:00am
Passenger jet: Boeing unveils ambitious 787 Dreamliner

Passenger jet: Boeing unveils ambitious 787 Dreamliner

Aircraft manufacturer Boeing rolls out its revolutionary new "green" passenger jet, the 787 Dreamliner, on Sunday with its order books already bursting at the seams. More than 15,000 people were expected to gather at Boeing's giant plant in Everett, some
Published 09 Jul, 2007 12:00am
Gazprom aiming to be world's first trillion dollar firm

Gazprom aiming to be world's first trillion dollar firm

Giant Russian energy firm Gazprom wants to be the world's first firm with a stock market value of a trillion dollars, its deputy chief executive told the Sunday Times. Alexander Medvedev did not give a timetable for achieving the goal but the paper report
Published 09 Jul, 2007 12:00am
SADC wants rand to prop up Zimbabwe economy

SADC wants rand to prop up Zimbabwe economy

A regional body wants to rescue Zimbabwe's inflation-ravaged economy by switching to South Africa's currency in exchange for political concessions by President Robert Mugabe, a newspaper reported on Sunday.
Published 09 Jul, 2007 12:00am
Algeria and KBR sign $2.88 billion LNG plant deal

Algeria and KBR sign $2.88 billion LNG plant deal

Algerian state energy firm Sonatrach signed a $2.88 billion contract with US firm KBR Inc to build a liquified natural gas (LNG) plant at eastern Skikda port, a state-owned newspaper reported on Sunday.
Published 09 Jul, 2007 12:00am
Hawk-eye ready for Premier league testing

Hawk-eye ready for Premier league testing

The Premier league is set to test Hawk-eye technology in football with a view to remove doubts over goal-line decisions, the chief of the company that makes the product has said. The ball-tracking system, which is already used in cricket and tennis, will
Published 09 Jul, 2007 12:00am
Brilliant Federer wins fifth Wimbledon title

Brilliant Federer wins fifth Wimbledon title

Roger Federer emulated the legendary Bjorn Borg when he captured his fifth successive Wimbledon title with a 7-6 (9/7), 4-6, 7-6 (7/3), 2-6, 6-2 win over Rafael Nadal in a thrilling final on Sunday. It was Federer's 11th career Grand Slam title, taking hi
Published 09 Jul, 2007 12:00am
Formula One: Raikkonen wins British Grand Prix

Formula One: Raikkonen wins British Grand Prix

Ferrari's Kimi Raikkonen won the British Grand Prix on Sunday with a superb display of speed and racing strategy. The Finn recorded his third victory of the season and his second in a row after delivering a fantastic drive from second on the grid at Silve
Published 09 Jul, 2007 12:00am
Tour circus hits town in 'Garden of England'

Tour circus hits town in 'Garden of England'

The Tour de France transformed the picturesque market town of Tenterden on Sunday as the cycling classic hurtled through the "Garden of England" countryside. Thousands packed the town, some staking out their spots six hours beforehand, as the world's top
Published 09 Jul, 2007 12:00am
Co-hosts Vietnam stun UAE 2-0 at Asian Cup

Co-hosts Vietnam stun UAE 2-0 at Asian Cup

Co-hosts Vietnam stunned United Arab Emirates 2-0 with a pair of lightning second-half strikes in their Asian Cup Group B opener on Sunday. Goals from Huynh Quang Thanh and Le Cong Vinh sparked wild celebrations for Vietnam, who are making their first app
Published 09 Jul, 2007 12:00am
McEwen crashes then sprints to Tour stage win

McEwen crashes then sprints to Tour stage win

Australian Robbie McEwen recovered from a crash to clinch the first stage of the Tour de France, a 203-km ride from London to Canterbury on Sunday. The Predictor-Lotto rider, who already has three green jerseys to his name, outsprinted Norway's Thor Husho
Published 09 Jul, 2007 12:00am
Texan billionaire talks dollars and sense

Texan billionaire talks dollars and sense

Caribbean cricket lovers are increasingly asking why Texas billionaire Allen Stanford is spending millions to develop the game in the region. The question was first posed last year when he launched a US $30 million project, including the funding of 19 isl
Published 09 Jul, 2007 12:00am
Klitschko retains IBF title

Klitschko retains IBF title

Ukrainian Vladimir Klitschko successfully defended his IBF heavyweight title against American Lamon Brewster here late Saturday. The younger of the two Klitschko brothers dominated the fight with his powerful left jab from the opening bell and it was all
Published 09 Jul, 2007 12:00am
Strauss to captain England Lions against India

Strauss to captain England Lions against India

Andrew Strauss will captain England Lions, as the country's 'A' team is now known, against India in a three-day tour match at Chelmsford starting on July 13, the England and Wales Cricket Board (ECB) announced Sunday.
Published 09 Jul, 2007 12:00am
Hamilton mania fires up Silverstone crowd

Hamilton mania fires up Silverstone crowd

Silverstone was revelling in the Lewis Hamilton effect on Sunday as British Grand Prix spectators packed the circuit to see their new sporting hero. Banners such as "Hamilton - new kid on the block" and "Here for Hamilton"were a testament to the new-found
Published 09 Jul, 2007 12:00am
Powell reveals Pietersen plan

Powell reveals Pietersen plan

Daren Powell has revealed how the West Indies deliberately targeted England batting star Kevin Pietersen in their decisive one-day international here at Trent Bridge. South Africa-born Pietersen, ranked Sunday as the world's second-best one-day batsman be
Published 09 Jul, 2007 12:00am
Hansen holds firm at European Open

Hansen holds firm at European Open

Soren Hansen began the final round of the European Open at the K Club Sunday safe in the knowledge that the early starters had not eaten into his two shot lead. Niclas Fasth immediately put the pressure on with three consecutive birdies to go ten under eq
Published 09 Jul, 2007 12:00am
KKI weekly market review

KKI weekly market review

Khanani & Kalia International (Pvt) Limited Weekly Market Review on Sunday (July 08, 2007).
Published 09 Jul, 2007 12:00am
The Weather

The Weather

The weather report on Sunday (July 08, 2007) and the forecast for Monday (July 09, 2007).
Published 09 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. (July 03 to 07, 2007).

Published 09 Jul, 2007 12:00am
Gunmen kill three Chinese bike factory workers

Gunmen kill three Chinese bike factory workers

Suspected militants on Sunday shot dead three Chinese in NWFP which security sources said could be a revenge attack over the siege of a Lal Masjid. A fourth Chinese man was critically wounded in the assault at their home on the outskirts of Peshawar.
Published 09 Jul, 2007 12:00am
Gunmen kill three Chinese bike factory workers

Gunmen kill three Chinese bike factory workers

Suspected militants on Sunday shot dead three Chinese in NWFP which security sources said could be a revenge attack over the siege of a Lal Masjid. A fourth Chinese man was critically wounded in the assault at their home on the outskirts of Peshawar.
Published 09 Jul, 2007 12:00am
No further discussions with Jamia Hafsa: Prime Minister

No further discussions with Jamia Hafsa: Prime Minister

Prime Minister Shaukat Aziz has reiterated that the militants inside Jamia Hafsa must release hostages, lay down their weapons and submit before the law. Those who surrender would be treated according to law and the principles of justice.
Published 09 Jul, 2007 12:00am
No further discussions with Jamia Hafsa: Prime Minister

No further discussions with Jamia Hafsa: Prime Minister

Prime Minister Shaukat Aziz has reiterated that the militants inside Jamia Hafsa must release hostages, lay down their weapons and submit before the law. Those who surrender would be treated according to law and the principles of justice.
Published 09 Jul, 2007 12:00am
MPC wants interim set-up for free,fair elections

MPC wants interim set-up for free,fair elections

The participants of Multi-Party Conference (MPC) on Sunday has issued a joint communiqué and demanded immediate resignation of General Pervez Musharraf. Former Prime Minister and host of the MPC Nawaz Sharif readout the joint communiqué of the MPC.
Published 09 Jul, 2007 12:00am
MPC wants interim set-up for free,fair elections

MPC wants interim set-up for free,fair elections

The participants of Multi-Party Conference (MPC) on Sunday has issued a joint communiqué and demanded immediate resignation of General Pervez Musharraf. Former Prime Minister and host of the MPC Nawaz Sharif readout the joint communiqué of the MPC.
Published 09 Jul, 2007 12:00am
First batch of students handed over to parents

First batch of students handed over to parents

Prime Minister Shaukat Aziz Sunday has once again asked the administration of Lal Masjid to immediately release the children, women and other hostages and surrender themselves before the law enforcing agencies.
Published 09 Jul, 2007 12:00am
First batch of students handed over to parents

First batch of students handed over to parents

Prime Minister Shaukat Aziz Sunday has once again asked the administration of Lal Masjid to immediately release the children, women and other hostages and surrender themselves before the law enforcing agencies.
Published 09 Jul, 2007 12:00am
Tehran eyes Islamabad and Delhi deal on gas pipeline

Tehran eyes Islamabad and Delhi deal on gas pipeline

Iran is ready to sign a $7 billion tri-nation gas pipeline project with India and Pakistan when the two neighbours resolve differences over the transit fee for movement of the gas, a senior official was quoted on Sunday as saying.
Published 09 Jul, 2007 12:00am
Tehran eyes Islamabad and Delhi deal on gas pipeline

Tehran eyes Islamabad and Delhi deal on gas pipeline

Iran is ready to sign a $7 billion tri-nation gas pipeline project with India and Pakistan when the two neighbours resolve differences over the transit fee for movement of the gas, a senior official was quoted on Sunday as saying.
Published 09 Jul, 2007 12:00am
Tehran eyes Islamabad and Delhi deal on gas pipeline

Tehran eyes Islamabad and Delhi deal on gas pipeline

Iran is ready to sign a $7 billion tri-nation gas pipeline project with India and Pakistan when the two neighbours resolve differences over the transit fee for movement of the gas, a senior official was quoted on Sunday as saying.
Published 09 Jul, 2007 12:00am
13 killed in Iran fuel truck crash

13 killed in Iran fuel truck crash

Thirteen people were killed when four trucks carrying smuggled petrol collided in south-eastern Iran, state television reported on Sunday. The trucks were travelling with their headlights off when the multiple pile-up occurred late Saturday on the road be
Published 09 Jul, 2007 12:00am
13 killed in Iran fuel truck crash

13 killed in Iran fuel truck crash

Thirteen people were killed when four trucks carrying smuggled petrol collided in south-eastern Iran, state television reported on Sunday. The trucks were travelling with their headlights off when the multiple pile-up occurred late Saturday on the road be
Published 09 Jul, 2007 12:00am
Landslides kill 24 in Kohistan

Landslides kill 24 in Kohistan

As many as 24 persons died and 13 suffered injuries due to floods and landslides caused by heavy rain in the district on late Saturday night. The incident occurred in union council Jeejal of the district as several houses were buried under avalanche. The
Published 09 Jul, 2007 12:00am
Landslides kill 24 in Kohistan

Landslides kill 24 in Kohistan

As many as 24 persons died and 13 suffered injuries due to floods and landslides caused by heavy rain in the district on late Saturday night. The incident occurred in union council Jeejal of the district as several houses were buried under avalanche. The
Published 09 Jul, 2007 12:00am
THE RUPEE: rates move both ways on market

THE RUPEE: rates move both ways on market

The rupee moved both ways against dollar on the currency market in the first week of the new fiscal year 2007-08 ended on July 8, 2007, money experts observed. In the interbank market, the rupee did not move to any side against dollar for buying at 60.36
Published 09 Jul, 2007 12:00am
THE RUPEE: rates move both ways on market

THE RUPEE: rates move both ways on market

The rupee moved both ways against dollar on the currency market in the first week of the new fiscal year 2007-08 ended on July 8, 2007, money experts observed. In the interbank market, the rupee did not move to any side against dollar for buying at 60.36
Published 09 Jul, 2007 12:00am
People paying more for wheat flour due to artificial shortage

People paying more for wheat flour due to artificial shortage

Hoarders have piled up over three million tonnes of wheat, causing a shortage of this commodity in the domestic market while this situation has compelled consumers to pay more for wheat flour despite its bumper crop of over 23 million tonnes, trade source
Published 09 Jul, 2007 12:00am
People paying more for wheat flour due to artificial shortage

People paying more for wheat flour due to artificial shortage

Hoarders have piled up over three million tonnes of wheat, causing a shortage of this commodity in the domestic market while this situation has compelled consumers to pay more for wheat flour despite its bumper crop of over 23 million tonnes, trade source
Published 09 Jul, 2007 12:00am
People paying more for wheat flour due to artificial shortage

People paying more for wheat flour due to artificial shortage

Hoarders have piled up over three million tonnes of wheat, causing a shortage of this commodity in the domestic market while this situation has compelled consumers to pay more for wheat flour despite its bumper crop of over 23 million tonnes, trade source
Published 09 Jul, 2007 12:00am
Bullish trend continues on share market

Bullish trend continues on share market

Bullish trend continued at the share market here during last week ending on July 8, 2007 with the KSE-100 index crossing the 14,000 points level to hit 14,028 points intra-day high and finally closed at 13,985.89 points with a gain of 213.43 points, or 1.
Published 09 Jul, 2007 12:00am
Bullish trend continues on share market

Bullish trend continues on share market

Bullish trend continued at the share market here during last week ending on July 8, 2007 with the KSE-100 index crossing the 14,000 points level to hit 14,028 points intra-day high and finally closed at 13,985.89 points with a gain of 213.43 points, or 1.
Published 09 Jul, 2007 12:00am
Bullish trend continues on share market

Bullish trend continues on share market

Bullish trend continued at the share market here during last week ending on July 8, 2007 with the KSE-100 index crossing the 14,000 points level to hit 14,028 points intra-day high and finally closed at 13,985.89 points with a gain of 213.43 points, or 1.
Published 09 Jul, 2007 12:00am
CFS rates drop to 12 percent

CFS rates drop to 12 percent

The investment under the continuous funding system (CFS) at the local share market remained range-bound during the first week of new fiscal year and finally, settled at Rs 54.58 billion on July 6, as compared to Rs 54.52 billion recorded on the same day a
Published 09 Jul, 2007 12:00am
CFS rates drop to 12 percent

CFS rates drop to 12 percent

The investment under the continuous funding system (CFS) at the local share market remained range-bound during the first week of new fiscal year and finally, settled at Rs 54.58 billion on July 6, as compared to Rs 54.52 billion recorded on the same day a
Published 09 Jul, 2007 12:00am
CFS rates drop to 12 percent

CFS rates drop to 12 percent

The investment under the continuous funding system (CFS) at the local share market remained range-bound during the first week of new fiscal year and finally, settled at Rs 54.58 billion on July 6, as compared to Rs 54.52 billion recorded on the same day a
Published 09 Jul, 2007 12:00am
CFS rates drop to 12 percent

CFS rates drop to 12 percent

The investment under the continuous funding system (CFS) at the local share market remained range-bound during the first week of new fiscal year and finally, settled at Rs 54.58 billion on July 6, as compared to Rs 54.52 billion recorded on the same day a
Published 09 Jul, 2007 12:00am
Wapda wants further raise in consumer tariff

Wapda wants further raise in consumer tariff

A cash-hungry Water and Power Development Authority (Wapda) is again persuading the government for raising its consumer tariff to improve its financial health. "Rationalise consumer end electricity tariff or allow automatic adjustment on quarterly basis t
Published 09 Jul, 2007 12:00am
Wapda wants further raise in consumer tariff

Wapda wants further raise in consumer tariff

A cash-hungry Water and Power Development Authority (Wapda) is again persuading the government for raising its consumer tariff to improve its financial health. "Rationalise consumer end electricity tariff or allow automatic adjustment on quarterly basis t
Published 09 Jul, 2007 12:00am
Wapda wants further raise in consumer tariff

Wapda wants further raise in consumer tariff

A cash-hungry Water and Power Development Authority (Wapda) is again persuading the government for raising its consumer tariff to improve its financial health. "Rationalise consumer end electricity tariff or allow automatic adjustment on quarterly basis t
Published 09 Jul, 2007 12:00am
FBR power to extend time limit not absolute: FTO

FBR power to extend time limit not absolute: FTO

The Federal Tax Ombudsman, Justice Muniar A Sheikh, has ruled that the power to extend time limit vested in the Federal Board of Revenue (FBR) "is neither absolute nor uncontrolled".
Published 09 Jul, 2007 12:00am
FBR power to extend time limit not absolute: FTO

FBR power to extend time limit not absolute: FTO

The Federal Tax Ombudsman, Justice Muniar A Sheikh, has ruled that the power to extend time limit vested in the Federal Board of Revenue (FBR) "is neither absolute nor uncontrolled".
Published 09 Jul, 2007 12:00am
FBR power to extend time limit not absolute: FTO

FBR power to extend time limit not absolute: FTO

The Federal Tax Ombudsman, Justice Muniar A Sheikh, has ruled that the power to extend time limit vested in the Federal Board of Revenue (FBR) "is neither absolute nor uncontrolled".
Published 09 Jul, 2007 12:00am
OGDC achieves 41 wells spudding target in 2006-07

OGDC achieves 41 wells spudding target in 2006-07

The Oil and Gas Development Company (OGDC) achieved its target of spudding 41 wells in 2006-07, adding substantial quantity of both gas and oil to its production. Sources said that OGDC has forwarded its annual performance report to Prime Minister Shaukat
Published 09 Jul, 2007 12:00am
OGDC achieves 41 wells spudding target in 2006-07

OGDC achieves 41 wells spudding target in 2006-07

The Oil and Gas Development Company (OGDC) achieved its target of spudding 41 wells in 2006-07, adding substantial quantity of both gas and oil to its production. Sources said that OGDC has forwarded its annual performance report to Prime Minister Shaukat
Published 09 Jul, 2007 12:00am
OGDC achieves 41 wells spudding target in 2006-07

OGDC achieves 41 wells spudding target in 2006-07

The Oil and Gas Development Company (OGDC) achieved its target of spudding 41 wells in 2006-07, adding substantial quantity of both gas and oil to its production. Sources said that OGDC has forwarded its annual performance report to Prime Minister Shaukat
Published 09 Jul, 2007 12:00am
LSE stays bullish

LSE stays bullish

Despite the tragic Lal Masjid incident, the share market maintained rising tempo on the Lahore Stock Exchange (LSE), adding 0.61 percent to its value, however, volume came down visibly during the past week.
Published 09 Jul, 2007 12:00am
LSE stays bullish

LSE stays bullish

Despite the tragic Lal Masjid incident, the share market maintained rising tempo on the Lahore Stock Exchange (LSE), adding 0.61 percent to its value, however, volume came down visibly during the past week.
Published 09 Jul, 2007 12:00am
ADB's final tranche for ASPL-II project depends on progress report

ADB's final tranche for ASPL-II project depends on progress report

The release of the third and final tranche equivalent to SDR 17,996,000 and Yen 12,206,000,000 is scheduled for the third quarter of 2007, but the loan is set to close on 30 June 2007 for ongoing project "The Second Agriculture Sector Programme Loan (ASPL
Published 09 Jul, 2007 12:00am
Badami Bagh traders to observe shutter-down strike today

Badami Bagh traders to observe shutter-down strike today

The President of Anjuman Tajran Auto Parts, Badami Bagh, Waqar Ahmad, in a press conference here on Sunday warned the Punjab Government that due to its discriminatory policies and non-acceptance of their demands, 3000 shopkeepers would observe shutter-dow
Published 09 Jul, 2007 12:00am
TDCP chalks out plan to promote tourism

TDCP chalks out plan to promote tourism

Tourism Development Corporation Punjab (TDCP) has chalked out an elaborate plan to promote tourism in the province by giving priority to under-developed areas.
Published 09 Jul, 2007 12:00am
0.5 million acres of rice crop damaged by flood: SAB

0.5 million acres of rice crop damaged by flood: SAB

Sindh Abadgar Board (SAB) while expressing shock over the loss of rice crop, sown on 0.5 million acres area of flood hit areas of Shahdadkot, Larkana and Dadu districts, demanded government for a grant to compensate the affected growers.
Published 09 Jul, 2007 12:00am
0.5 million acres of rice crop damaged by flood: SAB

0.5 million acres of rice crop damaged by flood: SAB

Sindh Abadgar Board (SAB) while expressing shock over the loss of rice crop, sown on 0.5 million acres area of flood hit areas of Shahdadkot, Larkana and Dadu districts, demanded government for a grant to compensate the affected growers.
Published 09 Jul, 2007 12:00am
0.5 million acres of rice crop damaged by flood: SAB

0.5 million acres of rice crop damaged by flood: SAB

Sindh Abadgar Board (SAB) while expressing shock over the loss of rice crop, sown on 0.5 million acres area of flood hit areas of Shahdadkot, Larkana and Dadu districts, demanded government for a grant to compensate the affected growers.
Published 09 Jul, 2007 12:00am
Shifting of Leather Mandi from city ordered

Shifting of Leather Mandi from city ordered

Punjab Chief Minister Chaudhry Pervaiz Elahi on his visit to southern part of the city here on Sunday has given instructions to shift 'Leather Market' out of the city premises. The demand in this regard was put to him by public representatives of PP-147 w
Published 09 Jul, 2007 12:00am
'Strong economy must to eliminate poverty'

'Strong economy must to eliminate poverty'

Chairman 'The Founders' Dr Khalid Javed Chaudhry has said that the country's economy is standing on strong footing, which is good omen for the elimination of unemployment and poverty. Increase in foreign exchange reserves is a proof of better performance
Published 09 Jul, 2007 12:00am
Germany seeks contact with two held in Pakistan

Germany seeks contact with two held in Pakistan

Germany is still seeking consular contact with two men, who are being held as terrorism suspects in Pakistan and who are reported to have German nationality, a Foreign Ministry spokeswoman said in Berlin on Sunday. She said German diplomats had not been a
Published 09 Jul, 2007 12:00am
Germany seeks contact with two held in Pakistan

Germany seeks contact with two held in Pakistan

Germany is still seeking consular contact with two men, who are being held as terrorism suspects in Pakistan and who are reported to have German nationality, a Foreign Ministry spokeswoman said in Berlin on Sunday. She said German diplomats had not been a
Published 09 Jul, 2007 12:00am
Chandra Shekhar passes away

Chandra Shekhar passes away

Former Indian prime minister Chandra Shekhar died here on Sunday at the Apollo Hospital after a prolonged illness. He was eighty. Chandra Shekhar, who served as prime minister for a brief period between November 10, 1990 and March 6, 1991 was suffering fr
Published 09 Jul, 2007 12:00am
Chandra Shekhar passes away

Chandra Shekhar passes away

Former Indian prime minister Chandra Shekhar died here on Sunday at the Apollo Hospital after a prolonged illness. He was eighty. Chandra Shekhar, who served as prime minister for a brief period between November 10, 1990 and March 6, 1991 was suffering fr
Published 09 Jul, 2007 12:00am
Karakoram Highway blocked

Karakoram Highway blocked

Huge boulders and heavy land sliding blocked Karakoram Highway at some nine points as fresh rains lashed out area, Frontier Works Organisation sources said. Official sources said on Sunday that a portion of Karakoram Highway was destroyed due to heavy rai
Published 09 Jul, 2007 12:00am
Karakoram Highway blocked

Karakoram Highway blocked

Huge boulders and heavy land sliding blocked Karakoram Highway at some nine points as fresh rains lashed out area, Frontier Works Organisation sources said. Official sources said on Sunday that a portion of Karakoram Highway was destroyed due to heavy rai
Published 09 Jul, 2007 12:00am
Atiya Aminuddin laid to rest

Atiya Aminuddin laid to rest

Late Atiya Aminuddin, wife of late Syed Aminuddin, who worked as Defence Procurement Attache with the Pakistan Embassy in Washington in 1970, and sister of Qutubuddin Aziz, former Chairman of the Press Trust, Mahmudul Aziz, Managing Editor of UPP and PNR
Published 09 Jul, 2007 12:00am
Countrywide rain forecast

Countrywide rain forecast

The Meteorolog-ical Department on Sunday forecast scattered rain, dust and thunderstorm with isolated heavy falls in Punjab, Kashmir, south-eastern Sindh, NWFP and eastern Balochistan during the next 24 hours. While, weather would remain partly cloudy wit
Published 09 Jul, 2007 12:00am
Strategy designed to save innocent lives at Jamia Hafsa, says Shaukat

Strategy designed to save innocent lives at Jamia Hafsa, says Shaukat

Prime Minister Shaukat Aziz has said the government's strategy of restraint has been designed to save lives of innocent children, women and others trapped inside Jamia Hafsa. He was briefing a group of columnists, and anchorpersons of leading newspapers a
Published 09 Jul, 2007 12:00am
Hundred of villages in Dadu submerged

Hundred of villages in Dadu submerged

Flood water has entered into the area of Mehar district Dadu. Hundred of Kachho and its surrounding villages submerged with rain water and damaged standing wheat crops and other valuable. Chief minister Arbab Ghulam Rahim and provincial minister of irriga
Published 09 Jul, 2007 12:00am
Sialkot to have new labour colony soon

Sialkot to have new labour colony soon

Another labour colony consisting 1,000 apartments and costing more than Rs 780 million would be constructed shortly in Sialkot. Official sources told Business Recorder here on Sunday that the step was being taken to reduce accommodation problems be
Published 09 Jul, 2007 12:00am
Rs 7.58 billion being spent on six Southern Punjab districts development

Rs 7.58 billion being spent on six Southern Punjab districts development

Punjab parliamentary secretary Begum Zeenat Khan has said that a huge sum of Rs 7.58 billion is being spent on the development of six districts in South Punjab under an Asian Development Bank (ADB) funded initiative, Southern Punjab Public Services Projec
Published 09 Jul, 2007 12:00am
Three PPP leaders aspire for Punjab chief minister slot

Three PPP leaders aspire for Punjab chief minister slot

Makhdoom Shah Mehmood Qureshi, president of PPP Punjab is one of the aspirants of becoming the chief minister of Punjab with the blessings of party chairperson Benazir Bhutto. Shah Mehmood Qureshi, who joined the party in 1993, remained the central deputy
Published 09 Jul, 2007 12:00am
Inflexible attitude of Ghazi slammed

Inflexible attitude of Ghazi slammed

Federal Parliamentary Secretary for Foreign Affairs, Malik Saifullah Tiwana and district nazim Khushab, Malik Ghulam Muhammad Tiwana said stubbornness and inflexible attitude of management of Lal Masjid had harmed the image of Islam and Pakistan at intern
Published 09 Jul, 2007 12:00am
Partly cloudy weather

Partly cloudy weather

The Met Office has forecast partly cloudy weather with chances of drizzle and maximum temperature range between 32 to 34 degrees centigrade for Karachi on Monday. Rain/thunderstorm at few places in Hyderabad, Mirpurkhas and Sukkur divisions was forecast w
Published 09 Jul, 2007 12:00am
Plan to set up Rs 212.015 million surgical technology institute

Plan to set up Rs 212.015 million surgical technology institute

The Punjab government has finalised necessary arrangements to initiate development work on the Institute of Surgical Technology and revamping of Metal Industry Development Center, costing more than Rs 212.015 million to support surgical industry of Sialko
Published 09 Jul, 2007 12:00am
Fish seed available at Hatcheries

Fish seed available at Hatcheries

Fisheries Department Punjab has started supply of fish seed to farmers throughout the province of Punjab and this could continue till October 31.
Published 09 Jul, 2007 12:00am
Cotton prices cross Rs 3000 mark, KCA spot rate at Rs 2725

Cotton prices cross Rs 3000 mark, KCA spot rate at Rs 2725

The cotton consumers are in double mind whether to continue lifting cotton at seasons best cost or wait for fairly large arrivals offering relief. The ginners are in strong position and asking any price looking into the local and world prospect during the
Published 09 Jul, 2007 12:00am
Cotton prices cross Rs 3000 mark, KCA spot rate at Rs 2725

Cotton prices cross Rs 3000 mark, KCA spot rate at Rs 2725

The cotton consumers are in double mind whether to continue lifting cotton at seasons best cost or wait for fairly large arrivals offering relief. The ginners are in strong position and asking any price looking into the local and world prospect during the
Published 09 Jul, 2007 12:00am
Red Crescent dispatches Rs 60 million relief goods for flood victims

Red Crescent dispatches Rs 60 million relief goods for flood victims

Pakistan Red Crescent has dispatched 32-relief trucks loaded with relief items and medicines for the flood victims of Balochistan. The relief items include five tones of medicines, 6000 tents, 8000 blanket, 3500 water filled Jerry canes, 4000 plastic shee
Published 09 Jul, 2007 12:00am
Incentives sought for exporters in new trade policy

Incentives sought for exporters in new trade policy

Executive Member, Sarhad Chamber of Commerce and Industry (SCCI), Ziaul Haq Sarhadi has asked the government to focus on provision of maximum facilities to exporters. Presenting suggestions for the new trade policy, Sarhadi said the government should prov
Published 09 Jul, 2007 12:00am
NBP sets up camp office branch

NBP sets up camp office branch

The camp office of National Bank of Pakistan (NBP), Main Branch has been set up at NBP Super Market Branch, Aga Khan Road, F-6 to facilitate customers of its branches situated in G-6 area.
Published 09 Jul, 2007 12:00am
Head constables, constables promoted

Head constables, constables promoted

Capital City Police Officer (CCPO), Azhar Ali Farooqui has promoted 220 head constables as assistant sub inspectors and 198 police constables as head constables with immediate effect. All the head constables and police constables working in various wings
Published 09 Jul, 2007 12:00am
Prices of essential items rise further

Prices of essential items rise further

Essential items showed rising trend. Plastic mouldings showed mixed trend while raw rubber, cottonseed cakes, rapeseed etc depicted down trend on the wholes commodity markets during the week ended on July 7, 2007. Only couples of rates were left over and
Published 09 Jul, 2007 12:00am
Militants kill policeman, kidnap four others

Militants kill policeman, kidnap four others

Militants blew up a security vehicle in a tribal area, killing a policeman and wounding seven others, while four more officers were kidnapped, officials said on Sunday. The attacks were both in Bajaur district bordering Afghanistan, a stronghold of the ba
Published 09 Jul, 2007 12:00am
Hardcore terrorists hole up inside Lal Masjid: Ijaz

Hardcore terrorists hole up inside Lal Masjid: Ijaz

Minister for Religious Affairs Ijaz ul Haq has said that hardcore terrorists involved in various national and international terrorists acts have pitched inside the Lal Masjid. Addressing a press conference here Sunday the minister said their numbers and i
Published 09 Jul, 2007 12:00am
ICT issues 1,000 curfew passes

ICT issues 1,000 curfew passes

The Islamabad Capital Territory (ICT) management has issued about 1,000 curfew passes to inhabitants of G-6 to facilitate their movement. ICT Chief Commissioner, Khalid Pervez on Sunday told PTV that owners of 150 stores, including grocery, vegetable, pou
Published 09 Jul, 2007 12:00am
President and VCOAS attend funeral of Colonel Haroon

President and VCOAS attend funeral of Colonel Haroon

President General Pervez Musharraf, Vice Chief of Army Staff (VCOAS) General Ahsan Saleem Hyat on Sunday morning attended the Nimaz-e-Jinaza of martyred Army Officer Lieutenant Colonel Haroon-ul-Islam and offered Fateha. A large number of other senior civ
Published 09 Jul, 2007 12:00am
Resettlement project: New Garden City under completion

Resettlement project: New Garden City under completion

First phase of the ongoing development work in New Mirpur Garden City project, exclusively meant for rehabilitating the Mangla dam raising project victims, has reached close to its completion. Official sources told APP here on Sunday that the allotment of
Published 09 Jul, 2007 12:00am
Endemic area: vaccination for Hepatitis A recommended for all kids

Endemic area: vaccination for Hepatitis A recommended for all kids

Vaccination for Hepatitis A is available and is recommended for all children of two years and above, living or travelling to an endemic area. This has been advised by Dr Khalid Mumtaz, gastroenterologist, at a public health awareness programme at Aga Khan
Published 09 Jul, 2007 12:00am
Punjab urged to assist rain-hit Balochistan

Punjab urged to assist rain-hit Balochistan

Baloch scholar and founder of Association of the Colored People of the World Khan Muhammad Hussain Khan has urged the government and people of Punjab to generously help their brethren in Balochistan who were facing very hard time due to rains, floods and
Published 09 Jul, 2007 12:00am
Sugar millers demand condemned

Sugar millers demand condemned

Sofia Ismail, Chairperson, Ismail Welfare Trust, a non-governmental organisation working for welfare of common people, has condemned sugar millers demand to increase the wholesale price of sugar to Rs 31 per kg and asked the government to take note of thi
Published 09 Jul, 2007 12:00am
Thar Express schedule cancelled

Thar Express schedule cancelled

Pakistan Railways administration has cancelled the schedule of 'Thar Express' bound to leave for 'Monabao'. The new schedule will be announced later on. It was stated in information received from railway authorities here on Sunday.
Published 09 Jul, 2007 12:00am
Workshop on environmental journalism postponed

Workshop on environmental journalism postponed

The consultative workshop on environmental journalism scheduled to be held in the metropolis from July 9 has been postponed. An announcement here said that the moot has been postponed owing to unavoidable circumstances.
Published 09 Jul, 2007 12:00am
Seminar on Amendments in Income Tax Ordinance 2001 held

Seminar on Amendments in Income Tax Ordinance 2001 held

A seminar was held on amendments in Income Tax Ordinance 2001 in light with Finance Act 2007, here at the conference room of Regional Tax Office Peshawar. Speaking at the inaugural session, Director General Regional Tax Office (RTO) Peshawar, Ms Abida Ali
Published 09 Jul, 2007 12:00am
Committee formed

Committee formed

Punjab Governor Lieutenant General Khalid Maqbool (Retd) chairing a meeting in the Governor House here on Sunday has formed a committee to bring in improvement and structural changes at par with international standards in Alhamara Arts Council, Alhamara C
Published 09 Jul, 2007 12:00am
Tax receipts during 2006-07

Tax receipts during 2006-07

Tax collection efforts of the Central Board of Revenue (CBR) have yielded handsome gains during the last few years. (CBR has been replaced by Federal Board of Revenue (FBR) through the Finance Bill 2007-08 which came into force on July 1, 2007).
Published 09 Jul, 2007 12:00am
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