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May 02, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2005-05-22
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm
Published 22 May, 2005 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 22 May, 2005 12:00am
Malaysia tin down

Malaysia tin down

Tin fell $20 a tonne in Malaysian trade on Friday after a drop in the London price saw less aggressive bids for the metal in Kuala Lumpur, dealers said. Spot tin on the Kuala Lumpur Tin Market settled at $8,080 a tonne, compared to Thursday's closing of $
Published 22 May, 2005 12:00am
Australian wool up

Australian wool up

The Australian wool market ended the week with prices 1.8 percent higher on average at sales in Sydney, Melbourne and Fremantle. The Australian Wool Exchange (AWEX) Eastern Market Indicator (EMI) rose 13 cents to end the week at 740c a kg clean. "It was a
Published 22 May, 2005 12:00am
Thai cotton imports to rise in 2005-06

Thai cotton imports to rise in 2005-06

Thailand will import an estimated 460,000 tonnes of cotton in the 2005/06 marketing year, an increase of about 30,000 tonnes from the previous year, a US Agriculture Department attache said on Friday. "Import demand for US cotton is forecast to continue i
Published 22 May, 2005 12:00am
Australian grain: prices surge as drought bites

Australian grain: prices surge as drought bites

Australian grain and oilseed prices have surged as much as 20 percent in recent weeks as drought threatens winter crops in eastern and southern regions, and brokers warned on Friday the market could rise further. The increases have taken domestic prices o
Published 22 May, 2005 12:00am
China to release sugar reserves to meet shortfall

China to release sugar reserves to meet shortfall

China is planning to sell 411,800 tonnes of sugar from state reserves to meet domestic shortfall after drought in major growing areas reduced production, the government said on Friday. The sugar for auction includes 150,000 tonnes of raw sugar from Cuba w
Published 22 May, 2005 12:00am
Soya higher on pre-weekend rebound, weather

Soya higher on pre-weekend rebound, weather

Soyabean futures at the Chicago Board of Trade closed higher on Friday on an end-of-week short-covering bounce ignited by weather uncertainty and its impact on young crops, traders said. July soyabean closed 2-3/4 cents per bushel firmer at $6.32, rallyin
Published 22 May, 2005 12:00am
India sees big jump in rice exports

India sees big jump in rice exports

KRBL Ltd, India's largest aromatic basmati rice exporter, said on Friday it expects to lift rice exports by 85 percent this year to 300,000 tonnes, as it steps up sales to South Africa and the Middle East. "The main growth is likely to come in the non-Bas
Published 22 May, 2005 12:00am
New York sugar prices sharply up on rising demand by Malaysia

New York sugar prices sharply up on rising demand by Malaysia

Raw sugar futures settled at a near-three-week high on Friday on trade and speculative buying on the back of news of a huge Malaysian physical purchase, dealers said. The New York Board of Trade's July raw sugar contract climbed 0.06 cent to 8.59 cents a
Published 22 May, 2005 12:00am
Comex gold closes at three-month low on fund selling

Comex gold closes at three-month low on fund selling

US gold futures finished at their lowest mark since February on Friday, slammed by fund selling as the dollar shot to seven-month highs against the euro, which made bullion less attractive to investors. June delivery gold on the New York Mercantile Exchan
Published 22 May, 2005 12:00am
New York coffee climbs

New York coffee climbs

Arabica coffee futures posted modest gains on Friday, although a lull in seasonal activity kept front-month prices within a narrow trading band for the fourth consecutive session, traders said. Physical business is very quiet," said Fernando de la Roach,
Published 22 May, 2005 12:00am
CBOT rice rises on commercial buying

CBOT rice rises on commercial buying

Rough rice futures at the Chicago Board of Trade closed mostly firm on Friday recovering late in the session, traders said. Commercial buying surfaced after the market dipped to the lows. That helped to stabile prices. Then speculators stepped in as buyer
Published 22 May, 2005 12:00am
End in sight for Total refinery strike

End in sight for Total refinery strike

A strike by oil refinery workers at France's Total looked to be heading for an end on Saturday after workers at three of the five striking plants voted to return to work, a company spokeswoman said. Workers at two further refineries were still discussing
Published 22 May, 2005 12:00am
Indian Oil and Petronas venture to expand LPG business

Indian Oil and Petronas venture to expand LPG business

A joint venture of Indian Oil Corp and Malaysia's Petronas plans to import liquefied petroleum gas (LPG) in southern India and is keen to expand business in South Asia, a company statement said on Saturday. Indianoil Petronas Private Ltd, a 50:50 joint ve
Published 22 May, 2005 12:00am
Pop Lodi joins BNL rebels against BBVA bid

Pop Lodi joins BNL rebels against BBVA bid

Banca Popolare di Lodi threatened to spoil another foreign bid for an Italian bank on Saturday when it joined a group of rebel BNL investors who are opposing a take-over by core shareholder BBVA. The furore offered yet another parallel with Dutch bank ABN
Published 22 May, 2005 12:00am
Pop Lodi joins BNL rebels against BBVA bid

Pop Lodi joins BNL rebels against BBVA bid

Banca Popolare di Lodi threatened to spoil another foreign bid for an Italian bank on Saturday when it joined a group of rebel BNL investors who are opposing a take-over by core shareholder BBVA. The furore offered yet another parallel with Dutch bank ABN
Published 22 May, 2005 12:00am
Iraq central bank combats inflation, violence

Iraq central bank combats inflation, violence

Iraq's inflation rate may fall to 20 percent this year if sabotage attacks that deepened shortages in the economy ease, Central Bank governor Sinan al-Shabibi said on Saturday. Inflation reached 30 percent last year as mismanagement, lawlessness and attac
Published 22 May, 2005 12:00am
Services deal with Arab world

Services deal with Arab world

European Union Trade Commissioner Peter Mandelson said on Saturday he wanted to begin discussions with Arab countries on freeing trade in services as part of moves to make the region a more robust economy. Speaking at a World Economic Forum meeting in Jor
Published 22 May, 2005 12:00am
China textile surge needs to be managed: Mandelson

China textile surge needs to be managed: Mandelson

The European Union has no desire to turn back the clock and start imposing quotas on China, but needs to ensure that a surge in textile exports is managed, the 25-nation bloc's trade chief said on Saturday. Trade Commissioner Peter Mandelson told a World
Published 22 May, 2005 12:00am
Opec pumping at full capacity: Iranian minister

Opec pumping at full capacity: Iranian minister

Opec is pumping at full capacity, Iran's oil minister said on Saturday but added that any move by the cartel to legitimise its over-production would not affect the market. "Opec members are supplying world markets with their utmost capacity," Bijan Zangan
Published 22 May, 2005 12:00am
Cisco Systems to supply Palestine Telecoms

Cisco Systems to supply Palestine Telecoms

Cisco Systems and Palestinian telecommunications firm PalTel said on Saturday that the US internet networking company will help build telecoms infrastructure in the West Bank and Gaza. Both companies signed a memorandum of understanding to cooperate at a
Published 22 May, 2005 12:00am
Violence in Iraq cripples $21 billion rebuilding effort

Violence in Iraq cripples $21 billion rebuilding effort

Washington is far behind in plans to pump $21 billion into Iraq's reconstruction, bogged down by an insurgency that has killed hundreds of contractors and diverted funds to security, a US official said on Saturday. "There is a long way to go. We recognise
Published 22 May, 2005 12:00am
Malaysia nets illegal copies of new Star Wars film

Malaysia nets illegal copies of new Star Wars film

Malaysian authorities have seized illegal copies of the latest Star Wars movie just a day after it was released in North American cinemas, finding them among half a million pirated DVDs. Police and domestic trade ministry officials found the DVDs unguarde
Published 22 May, 2005 12:00am
Reporters at Corriere strike over raider

Reporters at Corriere strike over raider

Corriere della Sera's journalists went on strike on Saturday to protect the independence of Italy's leading newspaper as corporate raider Stefano Ricucci continued to scoop up shares in its parent company. In a note published in Saturday's paper, Corriere
Published 22 May, 2005 12:00am
Undocumented workers in US energy jobs held

Undocumented workers in US energy jobs held

The US Immigration and Customs Enforcement Agency arrested 60 undocumented immigrants working at oil refineries, power plants, a pipeline company and an air cargo centre, according to a statement issued on Friday. The workers were employed by Brock Enterp
Published 22 May, 2005 12:00am
South Korea sends fertiliser to North by land

South Korea sends fertiliser to North by land

South Korea started sending fertiliser to North Korea on Saturday as part an agreement reached after rare bilateral talks that failed to persuade the North to resume negotiations on its nuclear programmes. Ending four days of talks on Thursday, South Kore
Published 22 May, 2005 12:00am
Issing backs single monetary policy

Issing backs single monetary policy

European Central Bank chief economist Otmar Issing defended a single monetary policy for the diverse economies of the eurozone, saying in a speech released on Saturday it is too simplistic to argue that inflation and growth rates are widening. Inflation e
Published 22 May, 2005 12:00am
US movie group warns China of piracy fallout

US movie group warns China of piracy fallout

The industry group representing the major Hollywood studios said on Saturday it has warned Beijing of an increasingly restless Congress and possible trade consequences if China does not do more to fight piracy. Dan Glickman said he delivered the message t
Published 22 May, 2005 12:00am
European vegetable oils mostly easier

European vegetable oils mostly easier

The European vegetable oils market saw a few palm oil deals around on Friday as a lower futures markets dampened demand, market sources said. Palm oil was offered $2.50 to $5 down from Thursday after Malaysian futures ended seven to nine ringgits per tonn
Published 22 May, 2005 12:00am
Oil cake market rates

Oil cake market rates

Falling trend persisted on the forward cottonseed oilcake market on Saturday as major participants kept on the sideline in the absence of leading factors, dealers said. The May vaida commenced with no change at Rs 444.00 and that proved to be day's best a
Published 22 May, 2005 12:00am
TCP receives good response at auction

TCP receives good response at auction

The Trading Corporation of Pakistan (TCP) received positive response in it's Saturday's auction, dealers said. The KCA official spot rates maintained the overnight levels at Rs 2250, without upcountry expenses. Market sources said that the 66 mills partic
Published 22 May, 2005 12:00am
Kirana items move both ways

Kirana items move both ways

The trading on Kirana items moved both ways on Jodia Bazar on Saturday. The following variations were seen in mace up Rs 200 to Rs 25000, nutmeg down Rs 200 to Rs 8600, cloves down Rs 200 to Rs 9800, dry ginger up Rs 100 to Rs 7800, Isbaghol Bhoosi down R
Published 22 May, 2005 12:00am
Barley Sindh, Mardan gains Rs 50

Barley Sindh, Mardan gains Rs 50

Prices moved both ways on the local grain markets on Saturday as many buyers kept on the sidelines due to less interest, dealers said. On the cereals side, barley from Sindh and Mardan posted fresh gain of Rs 50 to Rs 1350, they added. Wheat Mexipak shed
Published 22 May, 2005 12:00am
Brazilian sugar vessels lineup falls

Brazilian sugar vessels lineup falls

The lineup of vessels to load sugar in Brazilian ports fell to 34 from 36 a week ago, shipping agent Williams said. In a weekly report, Williams said 14 vessels were lined up in the southern port of Santos, down from 17 last week. In the north-eastern por
Published 22 May, 2005 12:00am
Singapore bunker fuel prices stable

Singapore bunker fuel prices stable

Singapore bunker prices were stable on Friday, riding on higher fuel oil cargo values and strengthening the bunker/cargo premium, dealers said. Prices for 380-centistoke (cst) bunker fuel were pegged at $256-$258 a tonne, unchanged from Thursday, with the
Published 22 May, 2005 12:00am
EU authorises three more ports for grain export

EU authorises three more ports for grain export

The European Union has authorised three new ports that may be used to export intervention grain, its Official Journal said on Thursday. The addition of the ports, the northern Adriatic outlets of Rijeka and Split in Croatia and Romania's Black Sea port of
Published 22 May, 2005 12:00am
Indian port to join US shipping security pact

Indian port to join US shipping security pact

India's Jawaharlal Nehru Port Trust (JNPT) will become the country's first port to sign a global security initiative to protect shipping from terrorist attacks, officials said on Saturday. "We have taken an in-principle decision to sign up the Container S
Published 22 May, 2005 12:00am
Asian freight rates fall

Asian freight rates fall

Asian shipping rates for dry bulk cargoes have fallen to eight-month lows due to fading demand for spot vessels, with falls in prices for commodities including oil adding to the weaker sentiment, brokers said on Tuesday. Rates for spot voyage fixtures for
Published 22 May, 2005 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 44,888 tonnes of cargo including 28,927 tonnes import and 15,961 tonnes export cargo including 2,438 containers during last 24 hours ending at 0700 hours on Saturday. The cargo comprised of 42,338 tonnes dry cargo including 32,387
Published 22 May, 2005 12:00am
Gazprom sells one billion euro bond at par

Gazprom sells one billion euro bond at par

Russia's Gazprom, the world's largest gas producer, sold its one billion euro 10-year Eurobond at par, market sources familiar with the details of the deal said on Friday. The yield on the bond is 5.875 percent, near the top end of the revised price guida
Published 22 May, 2005 12:00am
Gazprom sells one billion euro bond at par

Gazprom sells one billion euro bond at par

Russia's Gazprom, the world's largest gas producer, sold its one billion euro 10-year Eurobond at par, market sources familiar with the details of the deal said on Friday. The yield on the bond is 5.875 percent, near the top end of the revised price guida
Published 22 May, 2005 12:00am
Brazil stocks plunge

Brazil stocks plunge

The Brazilian stocks declined following a lackluster performance on Wall Streeton Friday. Brazilian markets had a generally subdued session as traders said investors are focusing on key economic data due next week in the absence of any significant news on
Published 22 May, 2005 12:00am
Chile stocks decline

Chile stocks decline

Chile stocks closed down slightly on Friday as gains in the power sector due to recent rains where offset by new losses in steelmaker CAP. The IPSA index of 40 leading issues slipped 0.06 percent to 1,954.11 points while the broader IGPA index shed 0.01 p
Published 22 May, 2005 12:00am
US corporate bonds: autos post gains, but mood cautious

US corporate bonds: autos post gains, but mood cautious

US corporate bond spreads tightened for a third straight day on Friday, helped by a relief rally in the auto sector after Ford Motor Co on Thursday managed to cling to investment-grade ratings. Ford's bonds rose about 1/2 point overall on Friday, traders
Published 22 May, 2005 12:00am
US corporate bonds: autos post gains, but mood cautious

US corporate bonds: autos post gains, but mood cautious

US corporate bond spreads tightened for a third straight day on Friday, helped by a relief rally in the auto sector after Ford Motor Co on Thursday managed to cling to investment-grade ratings. Ford's bonds rose about 1/2 point overall on Friday, traders
Published 22 May, 2005 12:00am
US Treasuries slip as safety bid recedes

US Treasuries slip as safety bid recedes

US Treasury debt prices slipped on Friday for a second day as recent flight-to-safety buying subsided and dealers anticipated further Federal Reserve interest rate tightening. Recent buying in Treasuries tied to downgrades of General Motors and Ford debt
Published 22 May, 2005 12:00am
US Treasuries slip as safety bid recedes

US Treasuries slip as safety bid recedes

US Treasury debt prices slipped on Friday for a second day as recent flight-to-safety buying subsided and dealers anticipated further Federal Reserve interest rate tightening. Recent buying in Treasuries tied to downgrades of General Motors and Ford debt
Published 22 May, 2005 12:00am
K&F Industries files $100 million stock offering

K&F Industries files $100 million stock offering

K&F Industries Holdings Inc, a maker of aircraft wheels and brake control systems, said on Friday that it is planning an initial public offering of as much as $100 million in common stock. The New York-based company, in a preliminary offering document fil
Published 22 May, 2005 12:00am
American credit market outlook

American credit market outlook

Credit investors were surprisingly unworried about Maytag's leveraged buyout on Friday, but the company's performance in the credit markets could suffer in the coming weeks, traders said. Maytag Corp said on Thursday it was selling itself to investors led
Published 22 May, 2005 12:00am
American credit market outlook

American credit market outlook

Credit investors were surprisingly unworried about Maytag's leveraged buyout on Friday, but the company's performance in the credit markets could suffer in the coming weeks, traders said. Maytag Corp said on Thursday it was selling itself to investors led
Published 22 May, 2005 12:00am
Argentine stocks drop

Argentine stocks drop

Argentine stocks fell on Friday in thin trade, following declines in other bourses in the Americas, traders said. The MerVal index of the 11 leading stocks eased 1.52 percent to 1435.08 points, with index heavyweight Group Financiero Galicia falling 2.9 p
Published 22 May, 2005 12:00am
Mexican stocks move higher in volatile session

Mexican stocks move higher in volatile session

Mexican stocks finished higher on Friday, led by blue chip retailer Wal-Mart de Mexico in a volatile session. The IPC benchmark stock index rose 0.69 percent to 12,883.46 points, after falling to as low as 12,731 points earlier in the day. The peso was fl
Published 22 May, 2005 12:00am
Toronto stocks close winning week slightly down

Toronto stocks close winning week slightly down

Toronto stocks closed a positive week marginally lower on Friday as a slight retreat in commodities held off gains as the market slowed to a crawl ahead of Canada's Victoria Day long weekend. After four straight winning sessions, the Toronto Stock Exchang
Published 22 May, 2005 12:00am
Emerging debt spreads firm on corporates, stocks rise

Emerging debt spreads firm on corporates, stocks rise

Emerging sovereign debt spreads narrowed on Friday in thin volume on the back of developments in the corporate debt and equity markets. Overall spreads tightened 5 basis points on the J.P. Morgan Emerging Markets Bond Index Plus (EMBI+) to 382 bps over co
Published 22 May, 2005 12:00am
Emerging debt spreads firm on corporates, stocks rise

Emerging debt spreads firm on corporates, stocks rise

Emerging sovereign debt spreads narrowed on Friday in thin volume on the back of developments in the corporate debt and equity markets. Overall spreads tightened 5 basis points on the J.P. Morgan Emerging Markets Bond Index Plus (EMBI+) to 382 bps over co
Published 22 May, 2005 12:00am
China bank to issue $14.5 billion yuan in bonds

China bank to issue $14.5 billion yuan in bonds

The Agricultural Development Bank of China plans to issue 120 billion yuan ($14.5 billion) in bonds in 2005, in part to help finance government purchases of grain, the official People's Daily said on Saturday. Of the total, 50 billion yuan will have six-m
Published 22 May, 2005 12:00am
China bank to issue $14.5 billion yuan in bonds

China bank to issue $14.5 billion yuan in bonds

The Agricultural Development Bank of China plans to issue 120 billion yuan ($14.5 billion) in bonds in 2005, in part to help finance government purchases of grain, the official People's Daily said on Saturday. Of the total, 50 billion yuan will have six-m
Published 22 May, 2005 12:00am
Canadian bond prices tumble

Canadian bond prices tumble

The Canadian bond prices closed lower on Friday due to the unexpected rise in Canadian retail sales after rising initially on the inflation data. The two-year bond fell 2 Canadian cents to C$99.85 to yield 3.078 percent, while the 10-year bond lost 12 Can
Published 22 May, 2005 12:00am
Canadian bond prices tumble

Canadian bond prices tumble

The Canadian bond prices closed lower on Friday due to the unexpected rise in Canadian retail sales after rising initially on the inflation data. The two-year bond fell 2 Canadian cents to C$99.85 to yield 3.078 percent, while the 10-year bond lost 12 Can
Published 22 May, 2005 12:00am
US blue chips dip, finish best week since November

US blue chips dip, finish best week since November

US blue chip stocks ended slightly lower on Friday after posting their best week since November, as investors took profits and a drop in Exxon Mobil Corp weighed on the Dow average after a court ruling. The tech-heavy Nasdaq, however, eked out its sixth d
Published 22 May, 2005 12:00am
Forex market views, key levels

Forex market views, key levels

Following is a selection of comments from analysts on important technical developments in the foreign exchange market.
Published 22 May, 2005 12:00am
Indian foreign exchange reserves decline by 1.3 billion dollars

Indian foreign exchange reserves decline by 1.3 billion dollars

India's foreign exchange reserves fell $1.3 billion in value during the week to May 13, affected by the dollar's rise against global currencies such as the euro, in which the reserves are partly held, analysts said. Central bank data released on Saturday
Published 22 May, 2005 12:00am
Brazilian real ends at three-year high versus dollar

Brazilian real ends at three-year high versus dollar

Brazil's currency extended recent gains to close at a three-year high on Friday. The Brazilian real erased early losses to strengthen 0.29 percent to 2.441 reais per dollar, its strongest level since May 8, 2002. Traders said dollars coming into the count
Published 22 May, 2005 12:00am
IMM speculators increase net short yen position

IMM speculators increase net short yen position

Speculators in IMM yen futures raised their net short positions during the trading week ending May 17, data released on Friday showed. Speculators grew their net short yen positions to 47,883 contracts, compared with 9,563 shorts the previous week. This w
Published 22 May, 2005 12:00am
Momentum buying pushes dollar to fresh highs

Momentum buying pushes dollar to fresh highs

The dollar rallied to fresh highs for the year against major European currencies on Friday after its resilience in the face of weak economic data triggered a technical breakout. The US economic and inflation data has failed to hurt the dollar, reflecting
Published 22 May, 2005 12:00am
Canadian dollar slips

Canadian dollar slips

After advancing for three days, the Canadian dollar lost ground against the US currency on Friday as tame inflation data set the tone, while a broadly stronger greenback offered little chance for the currency to rise. Canadian bonds finished lower as trad
Published 22 May, 2005 12:00am
Ranatunga heads panel to pick Sri Lanka's coach

Ranatunga heads panel to pick Sri Lanka's coach

Former Sri Lankan captain Arjuna Ranatunga will head a high-profile cricket committee to pick the national team's new coach, it was announced here on Saturday. Sri Lanka Cricket Interim Committee said a nine-member panel would hold discussions early next
Published 22 May, 2005 12:00am
Johansson withdraws

Johansson withdraws

Sweden's highest ranked player Joachim Johansson has pulled out of next week's French Open because of an elbow injury, the Swedish news agency TT reported on Saturday. The hard-serving, 22-year-old Johansson announced his decision at the World Team Cup in
Published 22 May, 2005 12:00am
French Open men's draw

French Open men's draw

Revised draw for the first round of the men's singles at the 2005 French Open, which gets underway at Roland Garros here on Monday, following the withdrawal of Swedish 11th seed Joachim Johansson with an elbow injury (x denotes seeded player):
Published 22 May, 2005 12:00am
French Open ready to test body and soul

French Open ready to test body and soul

John McEnroe and Pete Sampras probably wished they had never set foot on it; Kim Clijsters would rather see the season disappear. Their mutual problem? Clay court tennis which poses another supreme examination again here over the next two weeks when the F
Published 22 May, 2005 12:00am
Turkish delight for Venus Williams

Turkish delight for Venus Williams

American number one seed Venus Williams won the 200,000 dollars WTA event here on Saturday with a 6-3, 6-2 final victory over second seed Nicole Vaidisova of the Czech Republic.
Published 22 May, 2005 12:00am
Perry grabs PGA Colonial lead

Perry grabs PGA Colonial lead

Kenny Perry showed again that he is right at home at Colonial Country Club, establishing a 36-hole record as he surged to a three-shot lead after two rounds of the five million-dollar event. Perry already owns the tournament record, set when he won here i
Published 22 May, 2005 12:00am
Arsenal win FA Cup on penalties

Arsenal win FA Cup on penalties

Arsenal won the FA Cup for the 10th time on Saturday when they beat arch-rivals Manchester United 5-4 on penalties after the season-ending showpiece ended goalless for the first time since 1912. Arsene Wenger's side barely mustered a shot on target in the
Published 22 May, 2005 12:00am
Old and wise Agassi determined to spike young guns

Old and wise Agassi determined to spike young guns

When Andre Agassi made his French Open debut as a raw 17-year-old in 1987, Rafael Nadal, the favourite for this year's title, had only just learnt to walk. Agassi, now 35, knows what it's like to win on the slow red clay courts with his 1999 victory givin
Published 22 May, 2005 12:00am
One US soldier killed in Afghan blast

One US soldier killed in Afghan blast

One US soldier was killed and three others were wounded in a bomb blast in southern Afghanistan Saturday, US military spokeswoman Lieutenant Cindy Moore told AFP. The casualties occurred during an armoured vehicle patrol in Shinkay district in the restive
Published 22 May, 2005 12:00am
Hizbollah shells Israeli post

Hizbollah shells Israeli post

Lebanon's Hizbollah guerrillas fired four shells at an Israeli military post in a disputed border area on Saturday after Israeli soldiers fired machine guns at three houses in south Lebanon, witnesses said. There were no casualties on either side in the v
Published 22 May, 2005 12:00am
Israel and Palestinians disagree on summit plan

Israel and Palestinians disagree on summit plan

Palestinian officials said on Saturday President Mahmoud Abbas would meet Israeli Prime Minister Ariel Sharon on June 7 but Sharon's aides denied a date had been set or plans finalised. The two have met once before, and a summit on that date would follow
Published 22 May, 2005 12:00am
Conjoined babies separated

Conjoined babies separated

Doctors in Singapore have separated 15-month-old Indonesian twin girls conjoined at the waist and hip, a member of the medical team said on Saturday. Angeli and Angge, who share three legs and whose intestines are joined, were separated after eight hours
Published 22 May, 2005 12:00am
'War on terror' advancing but not yet won: Bush

'War on terror' advancing but not yet won: Bush

The "war on terror" is advancing but not yet won, US President George W. Bush said Saturday. "The war on terror continues, and we are making solid progress, but we must not become complacent," Bush warned in his weekly radio address.
Published 22 May, 2005 12:00am
Police disperse opposition rally in Azerbajian

Police disperse opposition rally in Azerbajian

The Azeri police dispersed an opposition rally on Saturday, detaining several dozen protesters who had appealed to the United States for help in ending what they said were the government's repressive methods. The Baku administration had prohibited the ral
Published 22 May, 2005 12:00am
Nepal warns parties against anti-king slogans

Nepal warns parties against anti-king slogans

Nepal's royalist government told political parties on Saturday it would not tolerate public criticism of King Gyanendra during pro-democracy protests. Seven political parties plan street protests on Sunday against the 57-year-old monarch, who fired the go
Published 22 May, 2005 12:00am
Gulf papers highlights pictures

Gulf papers highlights pictures

Most Gulf newspapers on Saturday highlighted controversial pictures of Saddam Hussein in US custody, with Saudi-owned Asharq Al-Awsat devoting two thirds of its front page to a photograph of the ousted Iraqi leader washing his clothes. "Saddam washes his
Published 22 May, 2005 12:00am
British tabloid publishes more Saddam pictures

British tabloid publishes more Saddam pictures

Rubbing salt in the wounds caused by publishing prison photographs of a half-naked Saddam Hussein, a British tabloid Saturday released another shot of Iraq's ex-dictator as the US military launched an investigation into how the pictures got out. The Sun n
Published 22 May, 2005 12:00am
Pakistan win One-day series against Windies

Pakistan win One-day series against Windies

Pakistan beat West Indies by 40 runs in the second One-day International to clinch three-match series 2-0 here on Saturday. Chasing a target of 258 Caribbeans were all out for 218 runs in 48.2 overs.
Published 22 May, 2005 12:00am
Pakistan win One-day series against Windies

Pakistan win One-day series against Windies

Pakistan beat West Indies by 40 runs in the second One-day International to clinch three-match series 2-0 here on Saturday. Chasing a target of 258 Caribbeans were all out for 218 runs in 48.2 overs.
Published 22 May, 2005 12:00am
Tabba's death condoled

Tabba's death condoled

FPCCI president Chaudhry Muhammad Saeed has condoled the demise of Abdul Razzak Tabba, life member of FPCCI and chairman of Younus Brothers Group, one of the largest export houses of Pakistan. In a condolence statement, he paid tributes to late Razzak Tab
Published 22 May, 2005 12:00am
No Swiss summon received as yet: PPP spokesman

No Swiss summon received as yet: PPP spokesman

Responding to the official spokesman's claim that the Swiss examining magistrate has summoned Benazir Bhutto and Asif Zardari, spokesman of the PPP Senator Farhatullah Babar on Saturday said both have not received any summon in this regard. He said neithe
Published 22 May, 2005 12:00am
Arrangements for telecasting budget speech

Arrangements for telecasting budget speech

With the announcement that the federal budget will be presented in the National Assembly on June 6, different professional and trade organisations are making arrangements to provide TV viewing at their premises of the budget speech. Arrangements will be p
Published 22 May, 2005 12:00am
Investment in education best option: Shaukat

Investment in education best option: Shaukat

Prime Minister Shaukat Aziz said on Saturday that investment in education was the best investment any nation can make in any sector. He was speaking at the golden jubilee ceremony of the Institute of Business Administration (IBA). Sindh governor, faculty
Published 22 May, 2005 12:00am
Japan keen to promote higher education

Japan keen to promote higher education

Assistant Resident Representative of Japan International Co-operation Agency (Jica) has said that the Japanese government is keenly interested in promotion of higher education and providing assistance for the studies in Japanese culture and culture in Sin
Published 22 May, 2005 12:00am
Pakistan may help resolve Palestine-Israel conflict: Rashid

Pakistan may help resolve Palestine-Israel conflict: Rashid

Pakistan may play a vital role in resolving Palestine-Israel conflict and President Musharraf may visit Middle-East to help resolve this longstanding dispute, Federal Minister for Information and Broadcasting Sheikh Rashid said here on Saturday. Talking t
Published 22 May, 2005 12:00am
Pak Suzuki website inaugurated

Pak Suzuki website inaugurated

Information Minister Shaikh Rashid said that present facilities and recent expansion at Pak Suzuki would substantially contribute to the growth of automobile industry in the country. Inaugurating new website and Pak Suzuki newsletter at main Pak Suzuki pl
Published 22 May, 2005 12:00am
37 channels to be on air this month: minister

37 channels to be on air this month: minister

Information Minister Sheikh Rashid Ahmed said 37 different channels would be on air this month, including those meant exclusively for women. Speaking at the book launching ceremony of "Kaash Main Siyaasat Mein Na Aata" by a former politician Khalil Ahmed
Published 22 May, 2005 12:00am
'Comprehensive SME uplift plan to be prepared'

'Comprehensive SME uplift plan to be prepared'

Governor Sindh Dr Ishratul Ibad Khan has said that he has directed the concerned authorities to prepare a comprehensive Small and Medium Enterprise (SME) development programme in the province. Speaking at the launching of the exhibition "My Karachi-Oasis
Published 22 May, 2005 12:00am
Shaukat lays foundation stone of SSIE today

Shaukat lays foundation stone of SSIE today

Prime Minister Shaukat Aziz will lay the foundation stone of Sindh Small Industrial Estate (SSIE) at Northern Bypass here on Sunday. Sindh Minister for Labour, Transport, Industries and Commerce Muhammad Adil Siddiqui announced this after his return from
Published 22 May, 2005 12:00am
Cotton sowing in Sindh gains momentum

Cotton sowing in Sindh gains momentum

Cotton sowing has started gaining momentum in cotton growing districts of the province, hoping to reap a bumper crop for the second year in the row as the area under cultivation showing signs of marginally increase. Cotton traders harbouring apprehensions
Published 22 May, 2005 12:00am
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