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Print - 2005-05-09
HEALTH UPDATE: eating red meat ups diabetes risk in older women

HEALTH UPDATE: eating red meat ups diabetes risk in older women

Middle age and elderly women whose diets include a lot of red meat appear to have an increased risk of developing diabetes, according to a report in the medical journal Diabetes Care. Dr Simin Liu, of Brigham and Women's Hospital in Boston, and colleagues
Published 09 May, 2005 12:00am
Logitech to propose two-for-one share split

Logitech to propose two-for-one share split

Computer mouse maker Logitech said it would ask shareholders to approve a two-for-one split of its shares and confirmed its financial targets for its current business year. The PC peripherals maker, which also makes webcams, keyboards and gaming consoles,
Published 09 May, 2005 12:00am
Logitech to propose two-for-one share split

Logitech to propose two-for-one share split

Computer mouse maker Logitech said it would ask shareholders to approve a two-for-one split of its shares and confirmed its financial targets for its current business year. The PC peripherals maker, which also makes webcams, keyboards and gaming consoles,
Published 09 May, 2005 12:00am
Kyocera to outsource cellphone production

Kyocera to outsource cellphone production

Japan's Kyocera Corp said it would outsource its cellphone production in North America to Flextronics International Ltd and cut 1,700 jobs at its mobile phone division to turn the loss-making business around. The latest restructuring follows Kyocera's ann
Published 09 May, 2005 12:00am
Sun Microsystems to double Indian R&D staff

Sun Microsystems to double Indian R&D staff

Sun Microsystems Inc , which makes network computers and related software, said on Friday it would double the number of staff at its Indian engineering centre to 2,000 over the next two to three years. Officials of US-based Sun, which spends an annual $1.
Published 09 May, 2005 12:00am
SAP seen beating Oracle in US

SAP seen beating Oracle in US

SAP AG, Europe's biggest software maker, will again dominate the business software applications market this year while rival Oracle Corp will see its market share slip, an industry report predicted on Friday. AMR Research said it also expected SAP to take
Published 09 May, 2005 12:00am
SAP seen beating Oracle in US

SAP seen beating Oracle in US

SAP AG, Europe's biggest software maker, will again dominate the business software applications market this year while rival Oracle Corp will see its market share slip, an industry report predicted on Friday. AMR Research said it also expected SAP to take
Published 09 May, 2005 12:00am
WiMAX competitive with DSL and cable, says Intel's chief executive

WiMAX competitive with DSL and cable, says Intel's chief executive

Intel Corp Chief Executive Craig Barrett said on Friday that new wireless high-speed data technologies would be competitive with Internet links provided by cable and phone companies. Intel, the world's largest chip maker, is pushing WiMAX, which would pro
Published 09 May, 2005 12:00am
Intel targets double-digit sales growth

Intel targets double-digit sales growth

Intel Corp, the world's largest chip maker, on Thursday forecast 2005 sales to grow 10 percent or more, in line with analyst expectations, according to presentation materials made available at the company's spring analyst meeting. The forecast calling for
Published 09 May, 2005 12:00am
Intel targets double-digit sales growth

Intel targets double-digit sales growth

Intel Corp, the world's largest chip maker, on Thursday forecast 2005 sales to grow 10 percent or more, in line with analyst expectations, according to presentation materials made available at the company's spring analyst meeting. The forecast calling for
Published 09 May, 2005 12:00am
Intel kicks off its Wall Street road-show

Intel kicks off its Wall Street road-show

Intel Corp, the world's largest chip maker, kicked off its annual Wall Street road-show on Thursday by saying its factories are busy and it expects to grow sales by 10 percent or more in 2005. "Our factories are relatively fully loaded right now," said Ch
Published 09 May, 2005 12:00am
Intel kicks off its Wall Street road-show

Intel kicks off its Wall Street road-show

Intel Corp, the world's largest chip maker, kicked off its annual Wall Street road-show on Thursday by saying its factories are busy and it expects to grow sales by 10 percent or more in 2005. "Our factories are relatively fully loaded right now," said Ch
Published 09 May, 2005 12:00am
Telecom earnings up

Telecom earnings up

New Zealand's largest listed company, Telecom Corp, said Friday its third quarter to March net profit rose 11.6 percent as mobile and high speed Internet revenues more than offset a decline in the fixed line phone business. It said net profit of 259 milli
Published 09 May, 2005 12:00am
Telecom earnings up

Telecom earnings up

New Zealand's largest listed company, Telecom Corp, said Friday its third quarter to March net profit rose 11.6 percent as mobile and high speed Internet revenues more than offset a decline in the fixed line phone business. It said net profit of 259 milli
Published 09 May, 2005 12:00am
Aixtron seen posting first quarter net loss

Aixtron seen posting first quarter net loss

German semiconductor equipment maker Aixtron is expected to have swung to a net loss in the first quarter, when it completed the acquisition of US peer Genus, a Reuters poll showed. Seven analysts surveyed by Reuters expect Aixtron to post a net loss of 1
Published 09 May, 2005 12:00am
Aixtron seen posting first quarter net loss

Aixtron seen posting first quarter net loss

German semiconductor equipment maker Aixtron is expected to have swung to a net loss in the first quarter, when it completed the acquisition of US peer Genus, a Reuters poll showed. Seven analysts surveyed by Reuters expect Aixtron to post a net loss of 1
Published 09 May, 2005 12:00am
Yahoo says its video search now widely available

Yahoo says its video search now widely available

Yahoo Inc late on Wednesday said its video search service that helps Web surfers find such things as news clips, music videos and movie trailers from such sources as CBSNews.com, MTV.com and IFILM.com is now widely available to the public. Yahoo Video Sea
Published 09 May, 2005 12:00am
First national conference on 'Technology in Education'

First national conference on 'Technology in Education'

The first national conference on 'Technology in Education', was last week held at a local hotel. The importance of implementation of technological advancements in various aspects of education was discussed at length. The conference was organised by the Fe
Published 09 May, 2005 12:00am
Power crisis lifts Enron India plant revival hopes

Power crisis lifts Enron India plant revival hopes

An acute power shortage in Maharashtra, India's most industrialised state, has raised hopes of an early revival of Enron Corp's mothballed Dabhol power plant, officials said on May 03. The Dabhol plant, India's single biggest foreign direct investment, ha
Published 09 May, 2005 12:00am
Afghan mobile market getting crowded

Afghan mobile market getting crowded

Afghanistan's telephone market is going to get very crowded when the government issues two more GSM mobile licences, one of the country's two operators said on May 04. The Telecommunications Ministry invited bids last week for two new GSM licences, saying
Published 09 May, 2005 12:00am
BSkyB profit climbs

BSkyB profit climbs

UK satellite TV company BSkyB's pretax profit surged in its third quarter as it added 95,000 subscribers, ahead of analyst estimates. Pretax profit excluding goodwill and exceptional items for the three months to March 31 rose to 209 million pounds ($396
Published 09 May, 2005 12:00am
BSkyB profit climbs

BSkyB profit climbs

UK satellite TV company BSkyB's pretax profit surged in its third quarter as it added 95,000 subscribers, ahead of analyst estimates. Pretax profit excluding goodwill and exceptional items for the three months to March 31 rose to 209 million pounds ($396
Published 09 May, 2005 12:00am
India sees strong growth in aviation

India sees strong growth in aviation

Indian Aviation Minister Praful Patel said on May 04, he expected the country's newly regulated airline sector to boom 20 percent annually over the next five years on the back of surging investment and traffic. Domestic and international passenger traffic
Published 09 May, 2005 12:00am
Hyundai Motor eyes rear-drive luxury cars in 2007

Hyundai Motor eyes rear-drive luxury cars in 2007

South Korea's Hyun-dai Motor Co said on May 02, it may produce rear-wheel-drive luxury cars around 2007 to emulate the success of BMW's premium cars and Toyota's Lexus, and also churn out hybrid cars later in 2006. The moves by the country's top automaker
Published 09 May, 2005 12:00am
BSNL to build for 30 million more India GSM lines

BSNL to build for 30 million more India GSM lines

State-run Bharat Sanchar Nigam Ltd, India's largest telecoms firm by sales, will shortly procure equipment to serve at least 30 millon more GSM lines as it boosts its user base in the world's fastest-growing major mobile market. "There are plans to procur
Published 09 May, 2005 12:00am
Work starts on Dubai tower set to be world's tallest

Work starts on Dubai tower set to be world's tallest

Construction has begun in the Gulf Arab city of Dubai on a skyscraper which aims to be the tallest building in the world on completion in three years' time. "This will be the tallest building in the world when finished," Naaman Atallah, sales manager for
Published 09 May, 2005 12:00am
Asia business to boost wealth management: UBS

Asia business to boost wealth management: UBS

UBS has seen healthy client money inflows in its Asian business in the first quarter and expects those operations to grow at a faster pace than its units in other regions, the group's finance chief told Reuters on May 03. He also said that UBS's pipeline
Published 09 May, 2005 12:00am
Asia business to boost wealth management: UBS

Asia business to boost wealth management: UBS

UBS has seen healthy client money inflows in its Asian business in the first quarter and expects those operations to grow at a faster pace than its units in other regions, the group's finance chief told Reuters on May 03. He also said that UBS's pipeline
Published 09 May, 2005 12:00am
Hynix profit falls on chip prices

Hynix profit falls on chip prices

South Korea's Hynix Semiconductor Inc reported a 10 percent fall in quarterly profits on May 04, hit by weak memory chip prices, but a brighter outlook lifted shares in the world's No 2 memory chip maker. Hynix is expected to fare better in the second hal
Published 09 May, 2005 12:00am
Hynix profit falls on chip prices

Hynix profit falls on chip prices

South Korea's Hynix Semiconductor Inc reported a 10 percent fall in quarterly profits on May 04, hit by weak memory chip prices, but a brighter outlook lifted shares in the world's No 2 memory chip maker. Hynix is expected to fare better in the second hal
Published 09 May, 2005 12:00am
MegaFon aims to become Russia's No 2 by revenue

MegaFon aims to become Russia's No 2 by revenue

Russia's number three mobile phone firm, MegaFon, plans to become the country's second biggest in three years on the back of higher revenues per subscriber than its rivals, Chief Executive Officer Sergei Soldatenkov said on May 03. As the most lucrative m
Published 09 May, 2005 12:00am
MegaFon aims to become Russia's No 2 by revenue

MegaFon aims to become Russia's No 2 by revenue

Russia's number three mobile phone firm, MegaFon, plans to become the country's second biggest in three years on the back of higher revenues per subscriber than its rivals, Chief Executive Officer Sergei Soldatenkov said on May 03. As the most lucrative m
Published 09 May, 2005 12:00am
Citi seeks deal with UK FSA over bond trade

Citi seeks deal with UK FSA over bond trade

Citigroup is ready to cut a deal with the UK's Financial Services Authority (FSA) over allegations that it deliberately manipulated the European bond market last year, the Sunday Telegraph reported. The paper said it is believed that Citigroup may be prep
Published 09 May, 2005 12:00am
Citi seeks deal with UK FSA over bond trade

Citi seeks deal with UK FSA over bond trade

Citigroup is ready to cut a deal with the UK's Financial Services Authority (FSA) over allegations that it deliberately manipulated the European bond market last year, the Sunday Telegraph reported. The paper said it is believed that Citigroup may be prep
Published 09 May, 2005 12:00am
Bangladesh interbank forex and interest rates

Bangladesh interbank forex and interest rates

Interbank buy/sell rates for the taka against the dollar on Sunday. 63.32/63.70 (previous 63.32/63.70). Call Money Rates: 11.0-22.0 percent (previous 5.0-22.0 percent).
Published 09 May, 2005 12:00am
Thai market tipped for further gains

Thai market tipped for further gains

Thai stocks are set to continue their gains as dealers expect impressive first quarter earnings reports this week, while the negative factors such high oil prices are stable, analysts said. "The market will continue to gain in response to first quarter ea
Published 09 May, 2005 12:00am
Taiwan shares to continue firmer

Taiwan shares to continue firmer

Taiwan share prices are expected to continue firmer this week on hopes for better ties with China and an increase in foreign investor support, dealers said. They said investors have been buoyed by the positive welcome given by China to first opposition Ku
Published 09 May, 2005 12:00am
OCI helps up Cairo stocks on results hopes

OCI helps up Cairo stocks on results hopes

Foreign interest in Orascom Construction Industries (OCI), on expectations of strong upcoming results, helped pushed up the Egyptian stock market on Sunday, traders said. The benchmark Hermes climbed back up to levels near an all-time high of just over 40
Published 09 May, 2005 12:00am
Tokyo stocks likely to gain on brighter growth prospects

Tokyo stocks likely to gain on brighter growth prospects

Japanese share prices are expected to be firmer this week on selective buying of companies with strong earnings prospects and growing investor confidence in the economic outlook, dealers said. "We expect a steady performance," Kazuhiro Takahashi, equity d
Published 09 May, 2005 12:00am
Asian currencies mixed over week

Asian currencies mixed over week

Asian currencies were mixed against the dollar during the week, with speculation over a revaluation of China's yuan providing support for the yen and other regional units.
Published 09 May, 2005 12:00am
Malaysian shares likely to consolidate

Malaysian shares likely to consolidate

Malaysian share prices are likely to consolidate this week following a brief run-up amid lack of market sentiment, an analyst said. Victor Wan, senior analyst at Mercury Securities, said the gains were in spurts and centered mostly on blue chips while low
Published 09 May, 2005 12:00am
Hong Kong stocks look to US for guidance

Hong Kong stocks look to US for guidance

Hong Kong stocks are expected to trade within a narrow band this week as cautious investors look to a range of US data for guidance, dealers said. The benchmark Hang Seng Index breached the psychologically significant 14,000 mark, completing a week-long r
Published 09 May, 2005 12:00am
European share markets need fresh momentum

European share markets need fresh momentum

European stocks will struggle to continue their recent rally next week if reports from the banking sector in particular show more signs of an economic slowdown. Shares dipped on Friday after rising for much of the week following news that Standard & Poor'
Published 09 May, 2005 12:00am
NTT plans $5.74 billion share buyback scheme

NTT plans $5.74 billion share buyback scheme

Nippon Telegraph and Telephone Corp (NTT), Japan's largest telecoms firm, plans to spend up to 600 billion yen ($5.74 billion) to buy back its own shares this business year, aiming to help absorb heavy stock sales by the government, the Nihon Keizai Shimb
Published 09 May, 2005 12:00am
NTT plans $5.74 billion share buyback scheme

NTT plans $5.74 billion share buyback scheme

Nippon Telegraph and Telephone Corp (NTT), Japan's largest telecoms firm, plans to spend up to 600 billion yen ($5.74 billion) to buy back its own shares this business year, aiming to help absorb heavy stock sales by the government, the Nihon Keizai Shimb
Published 09 May, 2005 12:00am
Indian stocks seen firmer on blue chip results

Indian stocks seen firmer on blue chip results

Indian share prices are seen firming this week on expected strong annual results by blue-chip old economy companies that should cheer investors, dealers said. On Friday, the benchmark Bombay Stock Exchange 30-share Sensex closed at 6,388.48, up 234.04 poi
Published 09 May, 2005 12:00am
Strong profit reports likely to drive Philippines stock prices

Strong profit reports likely to drive Philippines stock prices

Philippines shares are expected to get a boost this week from strong corporate results for the three months to March, offsetting continuing concerns over the government's fiscal health, dealers said. Congress remains deadlocked over a proposed bill to rai
Published 09 May, 2005 12:00am
London investors look to build on gains amid rate decision

London investors look to build on gains amid rate decision

London investors would seek to consolidate gains this week after the FTSE-100 index rose for six days in a row ahead of a likely post-election freeze on British interest rates, analysts said. The FTSE-100 index of leading London shares closed at 4,918.9 p
Published 09 May, 2005 12:00am
US stocks: retailers, consumers take center stage

US stocks: retailers, consumers take center stage

Retailers will take the spotlight next week as investors mull whether high energy costs have pinched consumers and clogged America's economic engine. Retailers and their customers have received added attention lately amid concerns about a softer US econom
Published 09 May, 2005 12:00am
Dead pets, kin mean higher grades for British students

Dead pets, kin mean higher grades for British students

Students in England can get extra points on their final exams if their close relatives or pets die, according to official guidelines which came to light Sunday. Students sitting a GSCE or A-level examination - the equivalent of junior and senior high scho
Published 09 May, 2005 12:00am
Iran prepares to resume sensitive nuclear work

Iran prepares to resume sensitive nuclear work

Iran said on Sunday it was getting ready to resume some uranium enrichment-related work, despite warnings from Washington and the European Union that doing so would see its nuclear case sent to the UN Security Council. Iran, which insists its atomic ambit
Published 09 May, 2005 12:00am
Tamil Tiger rebels say truce in jeopardy

Tamil Tiger rebels say truce in jeopardy

A three-year truce between the Sri Lankan government and Tamil Tiger rebels is in jeopardy as Colombo has failed to fulfil its promises to restore normalcy and has eliminated prominent Tamils, a top rebel leader said on Saturday. President Chandrika Kumar
Published 09 May, 2005 12:00am
UAE signs pact with Unicef to rehabilitate child camel jockeys

UAE signs pact with Unicef to rehabilitate child camel jockeys

The United Arab Emirates (UAE) on Sunday signed an agreement with the United Nations children's fund Uicef to rehabilitate child camel jockeys after banning their use in the region's popular sport. Under the pact, a social welfare institution will "provid
Published 09 May, 2005 12:00am
Iraqi cabinet deal falters as Sunni rejects post

Iraqi cabinet deal falters as Sunni rejects post

Iraq's parliament approved six new ministers on Sunday hoping to fill the political void that has stoked the insurgency, but one minister turned down the job, leaving the cabinet still incomplete three months after polls. Prime Minister Ibrahim Jaafari ha
Published 09 May, 2005 12:00am
Europe remembers sacrifices leading to Nazi defeat

Europe remembers sacrifices leading to Nazi defeat

Europe remembered the sacrifices underpinning the Allied victory over Nazi Germany 60 years ago, as Berlin said Sunday that the memory of World War II - "the agony and its causes" - should be kept alive. Under an overcast sky in the Netherlands, US Presid
Published 09 May, 2005 12:00am
Afghan assembly backs close US ties

Afghan assembly backs close US ties

Most Afghans support President Hamid Karzai's bid to have long-term security ties with the United States, the president's spokesman said after a gathering of more than 1,000 chiefs and regional leaders on Sunday. The question of whether US forces should b
Published 09 May, 2005 12:00am
Life on US death row makes inmates want to die

Life on US death row makes inmates want to die

Death row prisoners in the United States are saying they can't take it anymore and asking to die. Behind that trend is the reality of their living conditions - typically more than a decade of mind-numbing isolation under the specter of death with years of
Published 09 May, 2005 12:00am
Badawi to visit Iran

Badawi to visit Iran

Malaysian Prime Minister Abdullah Ahmad Badawi will visit Iran from May 11 to 13 to boost bilateral ties and co-operation, the foreign ministry said Sunday. Abdullah is scheduled to call on Iranian President Mohammad Khatami, Expediency Council Chairman A
Published 09 May, 2005 12:00am
Search for planets could soon seek one like Earth

Search for planets could soon seek one like Earth

Ten years after finding the first planet outside our solar system, scientists say they may be ready to move into a new phase of planetary exploration - one that examines distant worlds for signs of Earth-like life. So far, astronomers have discovered some
Published 09 May, 2005 12:00am
Palestinian fury after Sharon freezes prisoner releases

Palestinian fury after Sharon freezes prisoner releases

Israeli Prime Minister Ariel Sharon delivered a new blow to the troubled Middle East peace process Sunday by deciding to put on hold an agreement to release 400 Palestinian prisoners. Palestinians reacted furiously to the move, saying it would only serve
Published 09 May, 2005 12:00am
Judge takes on South Africa's AIDS 'denialists'

Judge takes on South Africa's AIDS 'denialists'

White, wealthy and proudly gay, Judge Edwin Cameron is hardly a typical face of the AIDS pandemic ravaging southern Africa. But Cameron, a member of South Africa's Supreme Court of Appeal and the only senior public servant in the country to publicly discl
Published 09 May, 2005 12:00am
Pakistani Christians welcome new pope

Pakistani Christians welcome new pope

Roman Catholics in Pakistan have warmly hailed the election of new pope Benedict XVI and they vow in his first mass to promote inter-religion harmony. "The pledge of the new pope is indeed heart-warming and augurs well for mankind's unity at a time when m
Published 09 May, 2005 12:00am
Water shortage threatens Yemen's poverty fight

Water shortage threatens Yemen's poverty fight

When temperatures rise above 30 degrees Celsius (86 F) in Yemen, private water tankers race through the streets to supply households left dry by public shortages. Despite the exorbitant prices they charge, water traders are the lifeline for many Yemenis f
Published 09 May, 2005 12:00am
Women lead final push to eradicate polio

Women lead final push to eradicate polio

Her slate grey eyes shyly peeping from beneath a veil at her hushed audience, 29-year-old Belqees limps slowly into the mud-brick hovel and eases herself to the floor. "I had polio when I was a child. Don't let this happen to your sons and daughters," the
Published 09 May, 2005 12:00am
Samarra, where occupation and talks stand side-by-side

Samarra, where occupation and talks stand side-by-side

Just out of earshot of a US officer, Samarra city council president Sheikh Taha Hussein Salah pointedly compares Iraqi insurgents to US founding father George Washington. "Resistance is when your country is occupied. George Washington freed the United Sta
Published 09 May, 2005 12:00am
Inter-provincial harmony

Inter-provincial harmony

From day one, General Perevez Musharraf has taken over the reins of the country, he has been taking about creating inter-provincial harmony. It is now well over five years that the purpose could not be achieved so much so that the province of Balochistan
Published 09 May, 2005 12:00am
Passport and ID card

Passport and ID card

This is with reference to the news item published in your issue of 30th April, 2005, by S.M. Taha. Indeed the general public have very little information pertaining to the area of responsibility between I&P and NADRA in issuance of new machine readable pa
Published 09 May, 2005 12:00am
Disposal of 80 percent shares

Disposal of 80 percent shares

Seventy-three percent shares of KESC company were sold to a Saudi enterprise namely Kanooz-ul-Watan on February 4, 2005 @ Rs 1.80 or so per share, reported by newspapers, whereas the quoted price at the Karachi Stock Exchange on that date was more than Rs
Published 09 May, 2005 12:00am
Can agricultural incentives change tiller's plight?

Can agricultural incentives change tiller's plight?

While addressing the Kissan convention on June 10, 2004, President Pervez Musharraf announced a package of incentives for the agriculture sector to bring about a change in the condition of millions of small farmers and earmarked an amount of Rs 60 billion
Published 09 May, 2005 12:00am
NAB right tool to deal with private sector forex borrowers

NAB right tool to deal with private sector forex borrowers

Sources in the Economic Affairs Division have expressed serious concern about the failure of some private sector foreign currency borrowers to repay either the principal or the interest accruing on the principal to the Government or the lenders. However,
Published 09 May, 2005 12:00am
Whither devolution?

Whither devolution?

A marathon meeting of senior bureaucrats from all the four provinces at the National Reconstruction Bureau (NRB) in Islamabad the other day approved a radical set of amendments to the local bodies law. These amendments are likely to be finalised soon and
Published 09 May, 2005 12:00am
Mother's Day observed

Mother's Day observed

International Mothers Day was observed, here on Sunday to pay tributes to the mothers trying to reform the coming generation. Women organisations arranged special functions to highlight the role of mothers in the socio-economic development of Pakistan. Ad
Published 09 May, 2005 12:00am
Mian Miraj Din laid to rest

Mian Miraj Din laid to rest

Namaz-e-janaza (funeral prayers) of Mian Miraj Din, Senior Vice President of PML Punjab and a former provincial minister, was offered here on Sunday, and later he was laid to rest at Madhu Lal Hussian Graveyard. The funeral was attended by a large
Published 09 May, 2005 12:00am
Number of street children on the rise

Number of street children on the rise

A latest study conducted by Integrated Regional Information Network (IRIN), an information unit of United Nations, suggest that the number of street children in Pakistan is on the rise. It is believed there are some 70,000 children living on the streets n
Published 09 May, 2005 12:00am
Narian-Khorian village connected with solar energy

Narian-Khorian village connected with solar energy

In a successful endeavour to provide solar energy for human use, the Alternative Energy Development Board has connected 100 houses in Narian-Khorian village to solar energy. About 65 kilometres from the Federal Capital, the villagers will be benefiting fr
Published 09 May, 2005 12:00am
'Law to ensure steps against thalassaemia'

'Law to ensure steps against thalassaemia'

Sindh Governor, Dr Ishratul Ibad Khan has said that necessary legislation will be carried out to ensure anti-thelessemia steps and its prevention in the province. He said Sindh was the first to take initiative in undertaking legislation to make blood tran
Published 09 May, 2005 12:00am
Askari Bank wins corporate excellence award

Askari Bank wins corporate excellence award

The Askari Commercial Bank Ltd has won the Management Association of Pakistan (MAP)'s prestigious corporate excellence award for the financial sector for the second consecutive year. Statement issued here said the objective of the MAP Awards was to recogn
Published 09 May, 2005 12:00am
Appointed

Appointed

Punjab Chief Minister Chaudhry Pervaiz Elahi has appointed Sardar Shaharyar Moakal as Senior Vice President on Sunday. According to a PML's spokesman, Sardar Shaharyar Moakal was elected unopposed as Member District Assembly Okara and Nazim Qilla Jowind S
Published 09 May, 2005 12:00am
Series of lectures through satellite by year-end: Atta

Series of lectures through satellite by year-end: Atta

Chairman Higher Education Commission Dr Atta-ur-Rehman has said series of lectures by world's known professors will be initiated in all public universities through satellite by the end of this year. In an interview to private TV channel, he said students
Published 09 May, 2005 12:00am
STN to present new look from June

STN to present new look from June

Shalimar Television Network will have new look with new logo from June this year and start presentation of news, current affairs and other programmes. The airtime of STN has been allocated to Sports Star International (Pvt) Limited being the highest bidde
Published 09 May, 2005 12:00am
Toilets in NWFP prisons renovated

Toilets in NWFP prisons renovated

The government of NWFP has renovated toilets and bathrooms of the prisons all over the province and kneading machines have also been purchased for cooking 'roti' (bread) in the langers ( alms-houses). The renovation work was started in line with the direc
Published 09 May, 2005 12:00am
Trade delegation leaves for Kashgar

Trade delegation leaves for Kashgar

A 109-member trade delegation of exporters, industrialists, businessmen, and traders left for Kashgar to take part in Kashgar Trade Expo "Kashgar Central, South Asian Economic, Trade and Commodities", the biggest trade exhibition of Southeast Asia. The ex
Published 09 May, 2005 12:00am
Desecration of Holy Quran: MMA to observe protest day on May 13

Desecration of Holy Quran: MMA to observe protest day on May 13

Muttahida Majlis-i-Amal (MMA) will observe protest day on May 13 throughout the country against the desecration of the Holy Quran by US forces. This was stated by a central leader of the MMA Liaqat Baloch and Pir Ejaz Hashmi here on Sunday. They said the
Published 09 May, 2005 12:00am
1.16 tonnes of spurious spices seized

1.16 tonnes of spurious spices seized

A food squad of the district government, led by District Food Officer Chaudhry Munir Ahmed, raided a factory in Siddiqia Colony, Alnoor Road here, and seized 1.16 tones of sub-standard spices. The raiding team also arrested owner of the factory on charges
Published 09 May, 2005 12:00am
Early elections ruled out

Early elections ruled out

Senior Federal Minister and Minister for Defence, Rao Sikandar Iqbal, has said that present government would complete its term and elections would be held in 2007. Talking to newsmen, here on Sunday, he said there was economic and political stability in t
Published 09 May, 2005 12:00am
Blair must fulfil his obligations about Kashmir: former AJK premier

Blair must fulfil his obligations about Kashmir: former AJK premier

Welcoming the British Labour Party third consecutive victory in the parliamentary elections, former AJK premier and leader of the opposition in Legislative Assembly Barrister Sultan Mehmud Chaudhry has expressed the optimism that Prime Minister Tony Blair
Published 09 May, 2005 12:00am
NACCI team to visit India

NACCI team to visit India

A sixteen-member trade delegation of Northern Areas Chamber of Commerce and Industry (NACCI) will visit China to participate in the International trade fair scheduled to be held from May 10. The delegation would install stalls of local products including
Published 09 May, 2005 12:00am
SME Bank starts services

SME Bank starts services

The SME Bank will commence commercial banking services in three major cities, including Islamabad, Karachi and Lahore from Monday. According to a statement, the bank would soon establish its branches at Peshawar, Sialkot, Gujranwala, Faisalabad, and Quett
Published 09 May, 2005 12:00am
PNRA plans training workshops on radiation protection

PNRA plans training workshops on radiation protection

The Pakistan Nuclear Regulatory Authority (PNRA), in collaboration with the International Atomic Energy Agency (IAEA), is organising training workshops on "Radiation protection and quality assurance in diagnostic and intervention radiology. One of these w
Published 09 May, 2005 12:00am
Smeda prepares paper on uplift of Darra Adamkhel arms units

Smeda prepares paper on uplift of Darra Adamkhel arms units

The Small and Medium Enterprises Development Authority (Smeda) has proposed initiation of eight measures in its concept paper for the development of Darra Adamkhel small arms manufacturing engineering clusters. Smeda Manager Javid Khattak said the propose
Published 09 May, 2005 12:00am
Transporters accused of over-charging

Transporters accused of over-charging

People travelling in different route transports in twin cities of Rawalpindi and Islamabad are facing problems due to rude behaviour, over-charging and non-completion of the routes by public transport owners. Police and local administration are looking he
Published 09 May, 2005 12:00am
Poor weather conditions mar cotton sowing prospects

Poor weather conditions mar cotton sowing prospects

There have been reports of rains on cotton belts of Sindh and Punjab, besides northern Punjab and Northern Areas of Pakistan. In lower Sindh and in some parts of northern Punjab, re-sowing has been reported due to untimely rains. Monsoons are likely to st
Published 09 May, 2005 12:00am
Poor weather conditions mar cotton sowing prospects

Poor weather conditions mar cotton sowing prospects

There have been reports of rains on cotton belts of Sindh and Punjab, besides northern Punjab and Northern Areas of Pakistan. In lower Sindh and in some parts of northern Punjab, re-sowing has been reported due to untimely rains. Monsoons are likely to st
Published 09 May, 2005 12:00am
BIPAP exhibition

BIPAP exhibition

The Business Industry Promotion Association of Pakistan (BIPAP) has announced to hold its 2nd national exhibition, 'Busindex-2005' in connection with Jashan-e-Azadi from 11th to 14th August this year at a local hotel here. According to BIPAP Secretary Gen
Published 09 May, 2005 12:00am
Punjab launches Rs 170 million gas project for ten villages

Punjab launches Rs 170 million gas project for ten villages

Developmental works completed during the tenure of present government are unprecedented with its no match in the past, as the government is fulfilling its promises made with the people. Speaker Punjab Assembly, Chaudhry Muhammad Afzal Sahi, stated this wh
Published 09 May, 2005 12:00am
Media asked to highlight constructive activities

Media asked to highlight constructive activities

Sindh Chief Minister Dr Arbab Ghulam Rahim has said that it is the responsibility of newspapers and media to highlight constructive activities and not to encourage crimes. He was talking to the 15-member delegation of Information Officers Group at Chief M
Published 09 May, 2005 12:00am
Commodities prices move both ways

Commodities prices move both ways

Mostly essential items underwent changes both ways including sugar, Khandsari, wheat under the impact of govt intentions to correct the prevalent wrongs, said traders commenting on the trend during the week ended on May 7, 2005. The changes marked were be
Published 09 May, 2005 12:00am
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