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May 19, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2005-07-08
Afghanistan completes first disarmament phase

Afghanistan completes first disarmament phase

Afghanistan said Thursday it had completed the first stage of a major UN-backed disarmament program aimed at collecting weapons including tanks and cannon from tens of thousands of former militiamen. Since it was launched in October 2003, more than 60,000
Published 08 Jul, 2005 12:00am
Hong Kong stocks plumb two-week lows

Hong Kong stocks plumb two-week lows

Hong Kong stocks fell nearly 1 percent to their lowest level in two weeks on Thursday with declines seen across the board as oil prices hit a fresh record high. The benchmark Hang Seng index lost 0.84 percent, or 119.12 points, to 14,030.81 - its lowest c
Published 08 Jul, 2005 12:00am
US stocks drop as oil jumps to record over $61

US stocks drop as oil jumps to record over $61

US stocks fell on Wednesday as crude prices hit a record high above $61 a barrel, fuelled by fears that two tropical storms would pinch supplies. The surge in oil prices capped a three-day run that drove NYMEX August crude futures to settle at $61.28 a ba
Published 08 Jul, 2005 12:00am
Thai index weakens

Thai index weakens

Thai share prices plunged on Thursday, closing 3.27 percent lower after the market was hit by record high oil prices and a series of downgrades for Thailand, dealers said. "There was definitely a lot of carnage today," Pat Pattaphongse, head of research a
Published 08 Jul, 2005 12:00am
US Treasury prices finish firmer

US Treasury prices finish firmer

US Treasury debt recovered some ground on Wednesday after two sessions of steep losses, though investors were too skittish ahead of key jobs data to buy bonds wholeheartedly. Traders said market moves were mostly technical this week, reflecting a tug-of-w
Published 08 Jul, 2005 12:00am
US Treasury prices finish firmer

US Treasury prices finish firmer

US Treasury debt recovered some ground on Wednesday after two sessions of steep losses, though investors were too skittish ahead of key jobs data to buy bonds wholeheartedly. Traders said market moves were mostly technical this week, reflecting a tug-of-w
Published 08 Jul, 2005 12:00am
Jakarta shares slip

Jakarta shares slip

Indonesian share prices closed 0.84 percent lower on Thursday as investors continued to sell off their holdings amid escalating concerns over the latest oil price spike and a still weak rupiah, dealers said. The Jakarta Stock Exchange composite index clos
Published 08 Jul, 2005 12:00am
Philippines shares rise

Philippines shares rise

Philippines share prices closed 1.89 percent higher on Thursday as the market snapped back on bargain-hunting after hitting six-month lows Wednesday amid concerns over the future of President Gloria Arroyo, dealers said. They said some investors looked pa
Published 08 Jul, 2005 12:00am
Singapore shares drop

Singapore shares drop

Singapore share prices snapped a three-day winning streak to close lower on Thursday on fears that record high oil prices, which breached 62 dollars a barrel, could dampen economic growth this year, dealers said. The Straits Times Index fell 21.79 points,
Published 08 Jul, 2005 12:00am
Nikkei declines as oil prices hit transport, rubber

Nikkei declines as oil prices hit transport, rubber

Japan's Nikkei share average edged down 0.12 percent on Thursday, extending losses into a third straight session as record-high oil prices above $61 a barrel hit transportation and rubber stocks on profit concerns. Some technology shares including Canon I
Published 08 Jul, 2005 12:00am
Malaysian shares up

Malaysian shares up

Malaysia share prices closed 0.47 percent higher on Thursday, bucking a weaker regional trend in modest trade supported by gains in the blue chips, dealers said. Dealers said sentiment was weighed down by overnight falls on Wall Street amid concerns over
Published 08 Jul, 2005 12:00am
Taiwan stocks plunge

Taiwan stocks plunge

Taiwan stocks ended at a three-week low on Thursday as record high oil prices knocked sentiment but late buying of big techs such as Taiwan Semiconductor Manufacturing Co offset the losses. The main TAIEX share index ended down 0.15 percent at 6,212.60, a
Published 08 Jul, 2005 12:00am
Chinese shares snap seven-day losing streak, Sinopec soars

Chinese shares snap seven-day losing streak, Sinopec soars

China's shares rose 0.5 percent on Thursday, snapping a seven-day losing streak as top Asian refiner Sinopec Corp rallied, but traders predict lingering weakness amid unpopular state share reforms. The benchmark Shanghai composite index, which had slid in
Published 08 Jul, 2005 12:00am
Hong Kong dollar clings to narrow range

Hong Kong dollar clings to narrow range

The Hong Kong dollar held to a tight range against the greenback on Thursday, finding support from lingering speculation over a possible yuan revaluation, dealers said. The local currency hit a low of 7.7750 per US dollar earlier in the day before pulling
Published 08 Jul, 2005 12:00am
Chinese yuan unchanged

Chinese yuan unchanged

The yuan on Thursday ended unchanged at 8.2765 per US dollar, near the stronger end of its managed trading range. The one-year non-deliverable dollar forward discount versus the yuan stood at 4,230 points, implying a rate of 7.855 yuan per dollar in 12 mo
Published 08 Jul, 2005 12:00am
Swiss franc softens against dollar

Swiss franc softens against dollar

The Swiss franc softened against the dollar in early European trade on Thursday, above recent 14-month lows, as oil prices surged to another record high. Oil prices had hit a high above $61 a barrel on Wednesday as a hurricane looming in the wake of tropi
Published 08 Jul, 2005 12:00am
UK rate jitters drive sterling to 19-month low

UK rate jitters drive sterling to 19-month low

The dollar hit a 19-month high against the pound on Thursday ahead of a Bank of England decision on interest rates and crept to an 11-month peak versus the yen as oil prices surged to another record high. Although the Monetary Policy Committee was not exp
Published 08 Jul, 2005 12:00am
Dollar at 11-month high against yen as oil soars

Dollar at 11-month high against yen as oil soars

The dollar struck an 11-month high against the yen on Wednesday as oil prices climbed to a record, weighing on the outlook for Japan's fragile economic recovery. Traders sold yen as the price of oil peaked above $60 per barrel, on the view that Japan's he
Published 08 Jul, 2005 12:00am
Bangladesh interbank forex, interest rates

Bangladesh interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Thursday. 63.77/64.00 (previous 63.76/63.90). Call Money Rates: 3.5-16.50 percent (previous 3.25-16.50 percent).
Published 08 Jul, 2005 12:00am
Asian currencies hit multi-month lows

Asian currencies hit multi-month lows

Most Asian currencies hit multi-month lows against the dollar on Thursday as another surge in oil prices added to worries about regional economies and the US currency rose to an 11-month peak against the yen. The South Korean won, which often tracks the y
Published 08 Jul, 2005 12:00am
Arroyo says not quitting, asks cabinet to resign

Arroyo says not quitting, asks cabinet to resign

Embattled Philippine President Gloria Macapagal Arroyo said on Thursday she will not step down but had asked her cabinet to resign to give her the freedom to push economic and political reforms. Arroyo, who has been under mounting pressure to quit over op
Published 08 Jul, 2005 12:00am
Taleban vow to kill 'captured' US commando

Taleban vow to kill 'captured' US commando

The Taleban reiterated on Thursday that they are holding a US commando who has been missing in Afghanistan for more than a week and vowed to kill him, but the US military said it had no information to support the claim. Taleban spokesman Abdul Latif Hakim
Published 08 Jul, 2005 12:00am
US will never be able to use arms on North Korea: Roh

US will never be able to use arms on North Korea: Roh

The United States will never be able to resort to military means to end the North Korean nuclear crisis, South Korean President Roh Moo-hyun said on Thursday. The stand-off over Pyongyang's nuclear ambitions pits the world's most stubborn country, North K
Published 08 Jul, 2005 12:00am
Palestinian activist killed

Palestinian activist killed

A Palestinian activist was killed Thursday in a clash with Israeli soldiers in the Nablus region of the north West Bank, Palestinian security sources and witnesses said. Khaled Musseimi, 17, was shot in the chest during a clash between Palestinian activis
Published 08 Jul, 2005 12:00am
King Gyanendra celebrates 59th birthday

King Gyanendra celebrates 59th birthday

Nepal's King Gyanendra, who seized power in a coup five months ago, celebrated his 59th birthday on Thursday with his impoverished country frozen in political crisis and revolt. In a carefully stage-managed show of loyalty, thousands of children, cripples
Published 08 Jul, 2005 12:00am
World recoils in horror at London attacks

World recoils in horror at London attacks

The world recoiled in shock on Thursday after bombs tore through London's transport system killing at least 33 people in a coordinated rush-hour attack. Countries in Europe and the United States stepped up security after the blasts and vowed to hunt down
Published 08 Jul, 2005 12:00am
US raises threat level to 'high' for mass transit

US raises threat level to 'high' for mass transit

The United States on Thursday raised its threat level for mass transit and train systems to code orange, or "high", after the London bombings, Homeland Security Secretary Michael Chertoff said.
Published 08 Jul, 2005 12:00am
China marks victory over Japan

China marks victory over Japan

China commemorated its victory over Japan in the Sino-Japanese war at the site of one of its best-known battles on Thursday, giving its version of disputed events that decades later have brought relations to a new low.
Published 08 Jul, 2005 12:00am
Press outrage greets jailing of New York Times reporter

Press outrage greets jailing of New York Times reporter

The jailing Wednesday of a New York Times reporter for contempt marked a dark day for press freedom, a perversion of justice and sent a chilling message, according to editors and media watchdogs. Judith Miller was sent to prison for refusing to nam
Published 08 Jul, 2005 12:00am
G4 countries submit draft on UNSC expansion

G4 countries submit draft on UNSC expansion

Japan, Germany, Brazil and India on Wednesday submitted a draft resolution on the controversial expansion of the UN Security Council for an early vote in the UN General Assembly, the German and Japanese UN missions said.
Published 08 Jul, 2005 12:00am
Romanian premier to resign

Romanian premier to resign

Romanian Prime Minister Calin Tariceanu said on Thursday he was resigning, opening the way to early elections. "Tonight I shall inform President (Traian) Basescu of my decision," Tariceanu said after a cabinet meeting. Elections could be called for Octobe
Published 08 Jul, 2005 12:00am
Al Qaeda claims Egyptian envoy's murder

Al Qaeda claims Egyptian envoy's murder

Al Qaeda group in Iraq said on Thursday it killed Egypt's top envoy to Iraq for representing a "tyrannical" government allied to the "Jews and Crusaders". "We al Qaeda in Iraq announce that the judgement of God has been implemented against the ambassador
Published 08 Jul, 2005 12:00am
Corporate bonds pare losses

Corporate bonds pare losses

European corporate bonds pared earlier losses late on Thursday as some investors sought out bargains after explosions blamed on terrorists that shook central London. "We are starting to recover, though are still down on the day," said a trader in London.
Published 08 Jul, 2005 12:00am
Corporate bonds pare losses

Corporate bonds pare losses

European corporate bonds pared earlier losses late on Thursday as some investors sought out bargains after explosions blamed on terrorists that shook central London. "We are starting to recover, though are still down on the day," said a trader in London.
Published 08 Jul, 2005 12:00am
US Stocks: Thursday's unofficial close

US Stocks: Thursday's unofficial close

US stock indexes trimmed some losses on Thursday as investors jumped in to buy shares that tumbled after several explosions across London killed at least 33 people. All three indexes initially fell by nearly 1 percent. But by late morning stocks, stocks h
Published 08 Jul, 2005 12:00am
Indian shares fall

Indian shares fall

India's main share index fell nearly 2 percent on Thursday after several explosions across London killed a number of people and rattled global financial markets. The benchmark 30-share BSE index fell as much as 2.25 percent before closing at 7,145.13 poin
Published 08 Jul, 2005 12:00am
Seoul shares gain

Seoul shares gain

Seoul shares posted their best finish in five-and-a-half years on Thursday, as a weaker won currency and positive US data lifted key exporters such as Samsung Electronics and Hyundai Motor. Investment sentiment also got a boost after the central bank held
Published 08 Jul, 2005 12:00am
Britain's top share index claws back steep losses

Britain's top share index claws back steep losses

Britain's leading shares clawed back steep morning losses but remained well in negative territory at Thursday's closing after a series of deadly attacks on London's transport system killed at least 33 people and injured scores more.
Published 08 Jul, 2005 12:00am
Indian rupee slides

Indian rupee slides

The rupee shed one-fifth of a percent to hit a three-week low on Thursday after news of multiple explosions in London sparked a flurry of dollar buying, dealers said. The rupee fell to a three-week low as the blasts sparked a flurry of dollar buying.
Published 08 Jul, 2005 12:00am
Sterling sinks

Sterling sinks

Sterling hit a fresh 19-month low against the dollar and lost half a percent versus the euro on Thursday after a series of blasts rocked London killing at least 33 people and wounding hundreds.
Published 08 Jul, 2005 12:00am
Swiss franc surges in London

Swiss franc surges in London

The Swiss franc hit a six-week high against sterling and rose as much as 1 percent against the dollar on Thursday following a series of explosions in London's transport system which killed a number of people. Police said several blasts hit the bus and und
Published 08 Jul, 2005 12:00am
Money scarcer, US asks farm subsidy, overhaul ideas

Money scarcer, US asks farm subsidy, overhaul ideas

Agriculture Secretary Mike Johanns opened the overhaul of US farm policy on Thursday with a warning - there will be less money for farm subsidies. "Every program in Washington is feeling budget pressures," Johanns said as he prepared for his first "farm b
Published 08 Jul, 2005 12:00am
WTO trade round blocked on farm, goods issues

WTO trade round blocked on farm, goods issues

World Trade Organisation (WTO) talks aimed at shaping outlines of a new global trade pact by the end of this year are blocked on the key farm and goods tariff issues, diplomats said on Thursday.
Published 08 Jul, 2005 12:00am
European gold off highs after blasts

European gold off highs after blasts

Gold prices were firm on Thursday afternoon in Europe but off earlier highs when the market shot up over one percent in the immediate aftermath of a series of deadly blasts in London. Spot gold peaked at $428.50 a troy ounce as the news broke, but subsequ
Published 08 Jul, 2005 12:00am
New York cotton closes higher

New York cotton closes higher

Cotton futures finished higher Thursday on speculative fund buying and most players shrugged off bomb explosions in London which killed 50 and wounded scores of others, analysts said. The New York Board of Trade's December cotton contract rose 0.92 cent t
Published 08 Jul, 2005 12:00am
Liffe coffee falls

Liffe coffee falls

Liffe robusta coffee futures fell on speculative selling in a thin market unnerved by a series of blasts across London, dealers said on Thursday. The benchmark September futures contract ended down $11 at $1,243 a tonne, well off the day's low of $1,218.
Published 08 Jul, 2005 12:00am
Metals pare losses, shaken by London blasts

Metals pare losses, shaken by London blasts

London Metal Exchange (LME) metals pared earlier losses by 1600 GMT on Thursday after a series of explosions across London's transport network. "There is a very sombre attitude. There was a lot of panic liquidation at the outset, but prices have recovered
Published 08 Jul, 2005 12:00am
Brazil's white sugar premiums risen

Brazil's white sugar premiums risen

Brazilian white sugar premiums have risen amid tight supply on the local market and strong demand from the Middle East, which has prompted mills to sell product during price peaks, traders said. Raws premiums have eased slightly as Russian buying winds do
Published 08 Jul, 2005 12:00am
Oil rebounds from losses after London attacks

Oil rebounds from losses after London attacks

Oil prices rebounded from heavy losses on Thursday as dealers calculated the potential economic fall-out of attacks in central London was likely to be limited. US crude traded at the close down 53 cents at $60.75 a barrel.
Published 08 Jul, 2005 12:00am
US MIDDAY: coffee shade down on London's bomb attacks

US MIDDAY: coffee shade down on London's bomb attacks

US arabica coffee futures edged down in modest trading Thursday as many market players held back in sympathy with a series of bomb attacks in London, traders said. The New York Board of Trade's most-active September arabica contract finished at $1.0715, d
Published 08 Jul, 2005 12:00am
US MIDDAY: cocoa at fresh one-year low by speculative selling

US MIDDAY: cocoa at fresh one-year low by speculative selling

US cocoa futures fell to a fresh one-year low Thursday, pushed down by speculative selling amid a flagging British pound against the dollar and lingering expectations of a good new West African crop, traders said. The New York Board of Trade's most-active
Published 08 Jul, 2005 12:00am
US MIDDAY: sugar mixed on London's subway explosions

US MIDDAY: sugar mixed on London's subway explosions

Raw sugar futures finished mixed Thursday in activity featuring small speculators as bomb explosions in London dampened the mood after the sugar market there was forced to shut down, traders said. The New York Board of Trade's active October sugar contrac
Published 08 Jul, 2005 12:00am
US MIDDAY: wheat futures choppy on weather uncertainty

US MIDDAY: wheat futures choppy on weather uncertainty

Wheat futures on the Chicago Board of Trade were choppy early on Thursday in light trade, following the pattern in CBOT corn amid a volatile US weather market, traders said. "Wheat has been a follower in here today. Corn has been the most active," one flo
Published 08 Jul, 2005 12:00am
US MIDDAY: corn moves both ways on Meteorlogix weather

US MIDDAY: corn moves both ways on Meteorlogix weather

Corn futures at the Chicago Board of Trade were mixed early on Thursday in a volatile weather market, traders said. The potential for showers next week in the dry eastern Midwest and bomb blasts in London's transport system weighed on prices, traders said
Published 08 Jul, 2005 12:00am
US MIDDAY: copper slips on London's subway explosions

US MIDDAY: copper slips on London's subway explosions

New York copper futures slipped early Thursday on worries about the fallout from the deadly attacks across London, but an apparent shortage of the economically crucial metal kept prices from falling far. "Right now it's calm and all the nervousness seems
Published 08 Jul, 2005 12:00am
US MIDDAY: soyabeans lower on dry weather condition

US MIDDAY: soyabeans lower on dry weather condition

Soyabean futures at the Chicago Board of Trade were lower early on Thursday with the market hit by potential rainfall early next week in the dry eastern US Midwest, traders said. At 10:07 am CDT (1507 GMT), CBOT soya was down 6 to 10-1/4 cents per bushel.
Published 08 Jul, 2005 12:00am
Accord implementation

Accord implementation

The implementation of agreement reached between management of Pakistan Telecommunication Company Ltd (PTCL) and Employers Union (CBA) on June 14, 2005 has been started. According to a press release of Pak Telecom Employers Union on Thursday, the managemen
Published 08 Jul, 2005 12:00am
Rise in sugar prices irks Karachiites

Rise in sugar prices irks Karachiites

Karachi residents have invited the urgent attention of the Prime Minister's committee on prices to take immediate notice of the uncalled for rise in the sugar prices in the open market up to Rs 30 per kilogram. It may be recalled here that only yesterday
Published 08 Jul, 2005 12:00am
Petronas gives scholarships to 5 Pakistani students

Petronas gives scholarships to 5 Pakistani students

Petronas, the National Oil Corporation of Malaysia awarded on Thursday scholarships to five Pakistani students from the remote areas of Ghotki and Shahdadkot in the province of Sindh. This would enable these students to pursue higher studies at the Univer
Published 08 Jul, 2005 12:00am
SHC transfers and postings

SHC transfers and postings

The Chief Justice and Judges of Sindh High Court (SHC) have ordered the transfers and postings of following District and Session Judges in public interest with immediate effect. Akhlaq Hussain Larik transferred from MIT-11 High Court to Khairpur against t
Published 08 Jul, 2005 12:00am
Plan to enhance shelf life of mango starts

Plan to enhance shelf life of mango starts

In order to enhance the shelf life and quality of mango, the government has started the implementation of a comprehensive programme. As part of its plan to high value crops, the first phase of "developing post-harvest management and sea-freight technology
Published 08 Jul, 2005 12:00am
Exchange of visits to further promote Sino-Pak ties: Ibad

Exchange of visits to further promote Sino-Pak ties: Ibad

Exchange of visits in variety of fields especially media would help further promote existing model friendship between Pakistan and China. This was observed by Sindh Governor Dr Ishratul Ibad Khan in a meeting with 7-member Chinese media delegation from Xi
Published 08 Jul, 2005 12:00am
Union Bank launches margin finance

Union Bank launches margin finance

The Union Bank Limited has launched its product Margin Finance, which is targeted towards the stock brokerage client. The Union Bank President and Chief Executive Officer, Shaukat Tarin said this product would allow brokers to approach the Union Bank for
Published 08 Jul, 2005 12:00am
Union Bank launches margin finance

Union Bank launches margin finance

The Union Bank Limited has launched its product Margin Finance, which is targeted towards the stock brokerage client. The Union Bank President and Chief Executive Officer, Shaukat Tarin said this product would allow brokers to approach the Union Bank for
Published 08 Jul, 2005 12:00am
Hafeez calls for reducing size of government

Hafeez calls for reducing size of government

Privatisation and Investment Minister Dr Abdul Hafeez Sheikh on Thursday stressed for reducing size of government with major emphasis on redirecting its role and reforming it to ensure better governance. He believed that the government in Pakistan is over
Published 08 Jul, 2005 12:00am
Big potential exists in Russia for Pakistani leather garments

Big potential exists in Russia for Pakistani leather garments

New Russian markets have very big potential for Pakistani leather garments and it is expected that Pakistan will enter the market within next few years. According to the Pakistan Leather Garments Manufacturers and Exporters Association (Plgmea), about 16
Published 08 Jul, 2005 12:00am
Media briefed on forthcoming Kyrgyz general polls

Media briefed on forthcoming Kyrgyz general polls

The Consul General of Kyrgyz Republic, Islan Ruskulov, has said that Kyrgyzstan hopes to develop to a society based on the democratic leadership of law, maintenance of fundamental human rights and peace for itself and its neighbours. He was addressing a p
Published 08 Jul, 2005 12:00am
NBP launches margin financing facility for brokers

NBP launches margin financing facility for brokers

The National Bank of Pakistan has launched a Margin Financing facility for brokers, said a statement issued here, on Thursday. The product is for providing Margin Financing facility to brokers listed with the Stock Exchanges of Pakistan. Initially, the fa
Published 08 Jul, 2005 12:00am
NBP launches margin financing facility for brokers

NBP launches margin financing facility for brokers

The National Bank of Pakistan has launched a Margin Financing facility for brokers, said a statement issued here, on Thursday. The product is for providing Margin Financing facility to brokers listed with the Stock Exchanges of Pakistan. Initially, the fa
Published 08 Jul, 2005 12:00am
Gang-rape victim demands justice

Gang-rape victim demands justice

A woman, who police say was kidnapped and gang-raped as an act of revenge, demanded justice on Thursday, saying her life had been ruined. Six men have been arrested in connection with the attack on the married woman and police said the accused would be se
Published 08 Jul, 2005 12:00am
Chemicals drums gutted in godown fire

Chemicals drums gutted in godown fire

Drums of various chemicals and related items were reduced to ashes when fire broke out in a godown in the Misri Shah area here on Thursday. According to fire brigade officials, eight fire brigade units, three units of Rescue 1122 and two vehicles of Edhi
Published 08 Jul, 2005 12:00am
Flood victims: BoK officers donate one-day salary

Flood victims: BoK officers donate one-day salary

NWFP Senior Minister Siraj-ul-Haq received a cheque from Qazi Muneer-ul-Haq Managing Director, Bank of Khyber (BoK) at Markaz-e-Mashwarat Peshawar on Thursday evening for flood victims of the province. The amount was donated by the 351 regular officers of
Published 08 Jul, 2005 12:00am
Hamdard Assembly demands transparent privatisation

Hamdard Assembly demands transparent privatisation

Hamdard Assembly has termed the present privatisation policy of the government as anomalies and demanded of the government to make the process transparent besides keeping the national interest supreme. Hamdard Assembly (Shoura) demanded this in a monthly
Published 08 Jul, 2005 12:00am
Reap body to elect office-bearers

Reap body to elect office-bearers

Election of the Rice Exporters Association of Pakistan (Reap) on five seats of Managing Committee (South Zone) for the year 2005-06 will be held on September 03, 2005 at Reap House, Karachi. In this connection, a preliminary list of voters along with the
Published 08 Jul, 2005 12:00am
Saddam-era property disputes dig up shady files

Saddam-era property disputes dig up shady files

The upheaval in property rights following Saddam Hussein's fall has tangled Iraqis in acrimonious lawsuits and revealed shady, and potentially criminal, practices by the new ruling elite.
Published 08 Jul, 2005 12:00am
A record-making film

A record-making film

'Dilwale Dulhaniya Lay Jayenge' is still shown to a 60 to 70 percent packed Maratha Mandir in Bombay. On weekends and public holidays it runs to a packed house. Even new releases don't do that well and even the prices of the tickets are the same as what t
Published 08 Jul, 2005 12:00am
The mighty water board

The mighty water board

As a reader of your paper, I am surprised to see that inspite of your very forceful and revealing editorial, and a spate of letters appearing in your daily, the woes of the people against the Karachi Water & Sewerage Board (KW&SB) for mismanagement in the
Published 08 Jul, 2005 12:00am
Asian governments weather protests over removal of oil subsidies

Asian governments weather protests over removal of oil subsidies

With global crude oil prices hovering around record highs, governments across Asia are having to weather political storms after scrapping fuel subsidies or raising prices at the pump to relieve pressure on budgets. From Pakistan to Vietnam to Indonesia, g
Published 08 Jul, 2005 12:00am
UBL's performance: less profit in 2004

UBL's performance: less profit in 2004

The calendar year 2004 was the second complete year of the United Bank Ltd under the private management as the bank was privatised in 2002 end. During 2004, the bank posted pre-tax profit of Rs 5.01 billion which is 10.79 per cent higher than the pre-tax
Published 08 Jul, 2005 12:00am
Finance Ministry's correct stand

Finance Ministry's correct stand

According to a Business Recorder report from Islamabad (July 3), quoting official sources, stiff opposition from the Finance Ministry to the Ministry of Food, Agriculture and Livestock's summary at the last meeting of the Economic Co-ordination Com
Published 08 Jul, 2005 12:00am
Resolving water issues with India

Resolving water issues with India

The prediction by experts that most of the future world conflicts will be triggered by an impending water scarcity is already beginning to reverberate in South Asia. The ongoing Pakistan-India dispute over the use of Chenab and Jehlum waters threatens to
Published 08 Jul, 2005 12:00am
Hearing adjourned

Hearing adjourned

District and Sessions Judge Lahore, Chaudhry Ghulam Dastgir, holding inquiry into the incident of killings of six persons in police station Khana adjourned the proceedings till July 11, as no eye witness appeared before the court for recording the stateme
Published 08 Jul, 2005 12:00am
PML workers urged to forge unity

PML workers urged to forge unity

Punjab Minister for Tourism, Mian Aslam Iqbal has said that the government was taking practical steps to improve health, education, agriculture and irrigation facilities in the province. Speaking at the inauguration of Pakistan Muslim League (PML) liaison
Published 08 Jul, 2005 12:00am
Government urged to withdraw move to construct 'Bakshi Khana'

Government urged to withdraw move to construct 'Bakshi Khana'

Pakistan Bar Council, Punjab Bar Council and Lahore High Court Bar Association (LHCBA), while expressing solidarity with the members of D.G. Khan Bar Association, have urged the government to withdraw its decision regarding constructing 'Bakshi Khana' in
Published 08 Jul, 2005 12:00am
LHC summons DPO Faisalabad, others

LHC summons DPO Faisalabad, others

Justice Sheikh Abdul Rashid of the Lahore High Court (LHC) has summoned the Faisalabad District Police Officer (DPO), Jaranwala Police Station Inspector Jamshed and other policemen to reply in a habeas corpus petition on July 13.
Published 08 Jul, 2005 12:00am
Badr seeks permission for travel abroad

Badr seeks permission for travel abroad

Former federal minister and secretary general PPP Jehangir Badr has moved application before an accountability court, praying to the court to allow him to go abroad for his medical examination. The applicant contended that the court had already allowed a
Published 08 Jul, 2005 12:00am
Treaty finalised to slash use of methyl bromide

Treaty finalised to slash use of methyl bromide

Member governments of the Montreal Protocol on 'Substances that deplete the Ozone Layer' have finalised an agreement under which developed countries would reduce their use of methyl bromide in 2006 as compared to 2005. Methyl bromide, used as a fumigant f
Published 08 Jul, 2005 12:00am
Fountain House Lahore to celebrate 35 years of success

Fountain House Lahore to celebrate 35 years of success

Fountain House Lahore, a project of the Lahore Mental Health Association, is celebrating its success story in last 35 years during which it helped the mentally ill to regain their self-esteem and confidence to become a useful member of the society.
Published 08 Jul, 2005 12:00am
Pakistan on board of world businesswomen body

Pakistan on board of world businesswomen body

Ms Rooma Para, the content manager of Pakistan Industrial Information Network (IIN) has been elected as representatives of Business and Professional Women (BPW) International. She is the first Pakistani to be on the international executive board of the or
Published 08 Jul, 2005 12:00am
ACCA annual quiz 2005

ACCA annual quiz 2005

The Association of Certified Chartered Accountants (ACCA) Pakistan is holding 'ACCA Annual Quiz 2005' in July this year. The quiz would be contested among all the ACCA University College registration schemes (UCRS) registered colleges in Pakistan.
Published 08 Jul, 2005 12:00am
Over Rs 144 million for schools renovation

Over Rs 144 million for schools renovation

District Gujranwala has received Rs 144.248 million funds to ensure provision of basic facilities and improve the conditions of school buildings. According to officials statistics, out of 595 schemes only 12 schemes were approved and eight were completed
Published 08 Jul, 2005 12:00am
Multan customs collect record Rs 19,618 million revenue

Multan customs collect record Rs 19,618 million revenue

The collectorate of customs, sales tax and central excise, Multan, has made record recovery of Rs 19,618 million which has been highly appreciated by the Central Board of Revenue (CBR), said Ejaz Shah, Collector of customs and sales tax, Multan while brie
Published 08 Jul, 2005 12:00am
Government urged to issue passport to Nawaz

Government urged to issue passport to Nawaz

Pakistan Muslim League Nawaz (PML-N) parliamentarian asked the government to issue passport to party chief Nawaz Sharif without further delay, enabling him to return home, as it was his legal and fundamental right. Addressing the gathering of party cadre
Published 08 Jul, 2005 12:00am
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