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Print - 2006-02-07
Palestinians seek $300 million in emergency aid

Palestinians seek $300 million in emergency aid

The Palestinian Authority will ask international envoy James Wolfensohn to quickly release $300 million in aid to keep government ministries running, a senior official said on Monday.
Published 07 Feb, 2006 12:00am
Dollar rises against most majors

Dollar rises against most majors

The dollar advanced against most major currencies on Monday, nearing a one-month high versus the euro, after an upbeat US jobs report last Friday reinforced expectations of higher US interest rates.
Published 07 Feb, 2006 12:00am
Sterling dips versus dollar and euro

Sterling dips versus dollar and euro

Sterling hit a four-week low against the broadly stronger dollar and also slipped versus the euro on Monday before key UK retail sales data and the Bank of England's policy meeting this week.
Published 07 Feb, 2006 12:00am
Gonzales defends spying against al Qaeda

Gonzales defends spying against al Qaeda

US Attorney General Alberto Gonzales on Monday strongly defended the Bush administration's domestic eavesdropping program as an indispensable "early warning system" against attacks, denying accusations the White House had broken the law.
Published 07 Feb, 2006 12:00am
Egyptians ransack ferry firm office

Egyptians ransack ferry firm office

Angry Egyptians seeking news of relatives lost aboard the ferry which sank in the Red Sea last week ransacked the office of the vessel's owners on Monday and set fire to the furniture, witnesses said.
Published 07 Feb, 2006 12:00am
US triples spending to stop Iraq bomb attacks: New York Times

US triples spending to stop Iraq bomb attacks: New York Times

The Pentagon is tripling its spending to about $3.5 billion, on a newly expanded effort to combat the rising number of increasingly powerful home-made bombs that are the No 1 killer of US troops in Iraq, The New York Times reported on its Web site
Published 07 Feb, 2006 12:00am
Canada's first conservative government sworn in

Canada's first conservative government sworn in

Canada's first Conservative government in more than a decade was sworn in on Monday but the administration's fragile minority position will limit its ability to push through much in the way of radical change.
Published 07 Feb, 2006 12:00am
Israeli officials offer assistance to Afghanistan

Israeli officials offer assistance to Afghanistan

Senior Israeli foreign ministry officials held talks over the weekend in London with counterparts from Afghanistan about providing economic assistance to Kabul, a newspaper reported on Monday.
Published 07 Feb, 2006 12:00am
Charity warns of drought-sparked tribal violence in Kenya

Charity warns of drought-sparked tribal violence in Kenya

A scorching drought that threatens millions across east Africa may spark major tribal clashes in Kenya as competition for water and pasture turns violent, a prominent global charity warned Monday.
Published 07 Feb, 2006 12:00am
Lebanon apologises to Denmark

Lebanon apologises to Denmark

Lebanon apologised to Denmark on Monday for the burning of its consulate during protests against cartoons of Holy Prophet Muhammad (PBUH), and the main coalition accused Syria of using the furore to stir Iraq-style sectarian strife.
Published 07 Feb, 2006 12:00am
Sri Lanka truce talks on February 22

Sri Lanka truce talks on February 22

Sri Lanka's government and Tamil Tiger rebels agreed to meet in Geneva on February 22 for two days of talks, ending a three-year deadlock in negotiations, peace broker Norway announced Monday.
Published 07 Feb, 2006 12:00am
Inspectors due in Iran to oversee enrichment start

Inspectors due in Iran to oversee enrichment start

Iran said on Monday inspectors from the UN's nuclear watchdog will visit in the next few days to oversee the resumption of uranium enrichment - a process that can be used to make bomb-grade material.
Published 07 Feb, 2006 12:00am
Tehran launches mass production of defence missile

Tehran launches mass production of defence missile

Iran's defence minister launched the domestic mass production of a new shoulder-fired air defence missile on Sunday, a development presented as a major boost for the Islamic republic's armed forces.
Published 07 Feb, 2006 12:00am
Monday's unofficial close: US stocks near flat; oil sector up

Monday's unofficial close: US stocks near flat; oil sector up

US stocks barely budged at midday on Monday as energy companies' shares gained on higher oil prices due to supply worries related to tensions over Iran's nuclear program, while earnings worries weighed on health insurance stocks.
Published 07 Feb, 2006 12:00am
Iran sanctions without UN would be legitimate: US

Iran sanctions without UN would be legitimate: US

Imposing economic sanctions on Iran without UN backing would be legitimate if other efforts failed to convince Tehran to halt uranium enrichment, a senior US State Department official said on Monday.
Published 07 Feb, 2006 12:00am
French face transplant woman happy with new look

French face transplant woman happy with new look

The French woman who underwent the world's first partial face transplant said on Monday she was grateful simply to have a face "like everybody else" and hopes to resume a normal life quickly.
Published 07 Feb, 2006 12:00am
Lahore knitwear units at verge of collapse

Lahore knitwear units at verge of collapse

Lahore-based knitwear units are facing tough time and some of them are at the verge of collapse due to heavy loans burden and shrinking knitwear exports from Pakistan to the United States and European countries. According to precise estimates, 20 percent
Published 07 Feb, 2006 12:00am
Agribusiness Support Fund board meeting held

Agribusiness Support Fund board meeting held

A meeting of board of directors of Agribusiness Support Fund (ASF) was held at Pakistan Horticulture Development & Export Board (PHDEB) head office on Monday, to discuss the working methodology and financial plan for the fiscal year 2005-06.
Published 07 Feb, 2006 12:00am
TPPL and SKMCH launch awareness campaign

TPPL and SKMCH launch awareness campaign

Total Parco Pakistan Limited (TPPL) and Shaukat Khanum Memorial Cancer Hospital & Research Centre (SKMCH & RC) have jointly launched a year long cancer awareness campaign titled "Cancer is Curable."
Published 07 Feb, 2006 12:00am
Petition admitted

Petition admitted

A division bench of the Lahore High Court admitted a petition for regular hearing and suspended the conviction of Malik Ijaz, Director, Town Planning LDA. The petitioner was convicted by a single bench in contempt proceedings for six months with a fine of
Published 07 Feb, 2006 12:00am
PML-N holds rally against blasphemous cartoons

PML-N holds rally against blasphemous cartoons

Pakistan Muslim League (PML-N) strongly condemned the publication of a blasphemous cartoons in Denmark and other European countries during a protest rally held here on Monday.
Published 07 Feb, 2006 12:00am
Lesco plan to end overloading problem

Lesco plan to end overloading problem

Lahore Electric Supply Company (Lesco) planned a comprehensive program to eradicate the problems of overloading and for the upgrading of electricity distribution system.
Published 07 Feb, 2006 12:00am
Pakistan still have edge over India

Pakistan still have edge over India

Pakistan won the first one-day international in Peshawar through the Duckworth-Lewis method by seven runs against arch-rivals India. The bookmakers have given some percentage points to India because of their huge total of 328 runs in the first one-day int
Published 07 Feb, 2006 12:00am
Rookie Holmes wins FBR Open

Rookie Holmes wins FBR Open

JB Holmes made his first PGA Tour victory a convincing one here Sunday as he fired a final-round 66 to win the FBR Open by seven strokes. Holmes finished the 5.2 million-dollar tournament with a 21-under total of 263, with Steve Lowery, Colombian Camilo V
Published 07 Feb, 2006 12:00am
Government hailed for allowing duty-free import of tractors

Government hailed for allowing duty-free import of tractors

The farming community of Pakistan has hailed the decision of the Government of Pakistan to allow duty-free import of 10,000 tractors for early delivery to the farmers and to fill the gap between supply and demand of tractors.
Published 07 Feb, 2006 12:00am
LCCI seminar on Pak-India trade from February 10

LCCI seminar on Pak-India trade from February 10

The Lahore Chamber of Commerce & Industry is organising a two-day seminar on 'Pak-India Trade Sustainability' on February 10-11, 2006. Dr Salman Shah, Adviser to Prime Minister on Finance and Economic Affairs will be the chief guest while LCCI President M
Published 07 Feb, 2006 12:00am
Nilofar assures assistance to WCCI

Nilofar assures assistance to WCCI

Advisor to the Prime Minister on Women Development Nilofar Bakhtiar has assured full co-operation and early resolution to the problems confronting female entrepreneurs of the NWFP.
Published 07 Feb, 2006 12:00am
German professors to help KUST develop modern syllabus

German professors to help KUST develop modern syllabus

Six German professors are going to join Kohat University of Science and Technology (KUST) in current month to prepare modern, globally acceptable syllabus for the university. This was stated by Vice Chancellor KUST, Dr Zabta Khan Shinwari while talking to
Published 07 Feb, 2006 12:00am
Establishing the writ of the state in Balochistan

Establishing the writ of the state in Balochistan

Talking to the media at his camp office last Friday, President General Pervez Musharraf expressed his determination to break the Baloch Sardars' power and establish the writ of the state in the restive Balochistan province.
Published 07 Feb, 2006 12:00am
Financing jewellery exports

Financing jewellery exports

Chronic neglect of the gold jewellery export sector by Pakistan has resulted in lack of full exploitation of this highly promising, though virgin, territory. Against this background, the decision by commercial and nationalised banks to extend loans for je
Published 07 Feb, 2006 12:00am
Global warming a serious challenge-II

Global warming a serious challenge-II

Global warming, pollution threatening roof of the world: The Chinese scientists had warned in early 2005 that the fragile environment of the Tibet-Qinghai plateau, known as the roof of the world, is under serious threat from global warming.
Published 07 Feb, 2006 12:00am
Democracy, an American dilemma

Democracy, an American dilemma

America had invaded Iraq in March, 2002 on the pretexts of that country possessing weapons of mass destruction, acquiring uranium from Niger and having links with al Qaeda.
Published 07 Feb, 2006 12:00am
Energy efficiency

Energy efficiency

The letter from Sui Southern Gas Co under the above caption (B/R, 28/1/06) is indeed wonderful news for all energy professionals since the gas company has come out solidly in favour of conserving natural gas.
Published 07 Feb, 2006 12:00am
KPT fountain

KPT fountain

The country is on the road to progress. Poverty is on a steep decline. Exports, remittances and grants have fattened the reserves. Karachi, the most neglected urban area of the country, is being transformed into a city of the 21st Century.
Published 07 Feb, 2006 12:00am
A World Bank overview: water economy running dry-XVIII

A World Bank overview: water economy running dry-XVIII

Assessment of Bank assistance in the Post-RAP Period: While Bank assistance during this period closely followed the RAP recommendations focusing on sustainability of irrigated agriculture and improving water delivery effic
Published 07 Feb, 2006 12:00am
Quake victims wait for an uncertain spring

Quake victims wait for an uncertain spring

Spring is around the corner for millions of Pakistanis left homeless by last year's giant earthquake, even if it doesn't feel like it as Hafez Gulamullah tramps through knee-deep snow.
Published 07 Feb, 2006 12:00am
Paddy seed procurement below target

Paddy seed procurement below target

The Punjab government has procured 63,089 maunds of paddy seed from Sahiwal based growers in Multan division and 5,002 maunds from farms based in the same district. Lahore and Gujranwala collectively contributed to 2,935 maunds.
Published 07 Feb, 2006 12:00am
SBP auditors panel

SBP auditors panel

The State Bank of Pakistan (SBP) has announced that it has inducted Chartered Accountancy firm Mehmood Idrees Masood and Co in the panel of auditors of SBP with immediate effect.
Published 07 Feb, 2006 12:00am
Mubarak Village getting power from wind mill

Mubarak Village getting power from wind mill

It was an excited moment for the dwellers of far-flung scenic Mubarak village in Keamari Town to see the long-cherished dream of having electricity in their village.
Published 07 Feb, 2006 12:00am
Gold holds near highs in London

Gold holds near highs in London

Gold traded near its highest level in 25 years on Monday as tensions over Iran's nuclear ambitions lifted oil prices, while sharp gains in platinum were capped by profit taking, dealers said.
Published 07 Feb, 2006 12:00am
London sugar ends weaker

London sugar ends weaker

London white sugar futures closed lower on speculative profit-taking and spread activity on Monday, weighed by selling on the New York raw sugar market, traders said.
Published 07 Feb, 2006 12:00am
World oil prices rise

World oil prices rise

Oil prices rose on Monday after Iran ended snap UN checks of its nuclear sites and said it was resuming uranium enrichment, sparking fears it might ultimately withhold oil exports.
Published 07 Feb, 2006 12:00am
Top metals hit new highs

Top metals hit new highs

Leading base metals rose again on Monday as Asian traders rejoined the investment-led commodities boom after a week-long holiday for Chinese New Year.
Published 07 Feb, 2006 12:00am
New York cotton settles firm on fund buying

New York cotton settles firm on fund buying

Cotton futures closed mostly higher Monday due to a steady round of speculative fund buying while trade expectations of robust demand from China kept the market's tone firm, brokers said.
Published 07 Feb, 2006 12:00am
UK's top share index moves up

UK's top share index moves up

UK blue chips closed higher on Monday as yet more mergers and acquisitions talk boosted shares, with health and beauty retailer Boots and telecoms firm Cable & Wireless leading the way ahead.
Published 07 Feb, 2006 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (February 06, 2006).

Published 07 Feb, 2006 12:00am
CBR told to expedite pending customs, sales tax cases

CBR told to expedite pending customs, sales tax cases

The Ministry of Finance has directed the Central Board of Revenue (CBR) to speed up the processing of pending customs and sales tax cases filed by foreign investors, industrial units, importers, local industry and other segments of the business community.
Published 07 Feb, 2006 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (February 06, 2006).

Published 07 Feb, 2006 12:00am
UBL to launch open ended fund

UBL to launch open ended fund

UBL Fund Managers Ltd, a wholly owned subsidiary of the UBL Group, is launching its first Open Ended Equity Fund in the forthcoming months. The company has been granted licence by the SECP to launch and manage open ended equity funds.
Published 07 Feb, 2006 12:00am
UBL to launch open ended fund

UBL to launch open ended fund

UBL Fund Managers Ltd, a wholly owned subsidiary of the UBL Group, is launching its first Open Ended Equity Fund in the forthcoming months. The company has been granted licence by the SECP to launch and manage open ended equity funds.
Published 07 Feb, 2006 12:00am
UBL to launch open ended fund

UBL to launch open ended fund

UBL Fund Managers Ltd, a wholly owned subsidiary of the UBL Group, is launching its first Open Ended Equity Fund in the forthcoming months. The company has been granted licence by the SECP to launch and manage open ended equity funds.
Published 07 Feb, 2006 12:00am
UBL to launch open ended fund

UBL to launch open ended fund

UBL Fund Managers Ltd, a wholly owned subsidiary of the UBL Group, is launching its first Open Ended Equity Fund in the forthcoming months. The company has been granted licence by the SECP to launch and manage open ended equity funds.
Published 07 Feb, 2006 12:00am
Bank holidays

Bank holidays

The State Bank of Pakistan (SBP) and all the offices of SBP Banking Services Corporation including the Public Debt Offices would remain closed on February 8 and 9, 2006 on account of Muharram 9 and 10th. The government of Pakistan has declared these two d
Published 07 Feb, 2006 12:00am
Bank holidays

Bank holidays

The State Bank of Pakistan (SBP) and all the offices of SBP Banking Services Corporation including the Public Debt Offices would remain closed on February 8 and 9, 2006 on account of Muharram 9 and 10th. The government of Pakistan has declared these two d
Published 07 Feb, 2006 12:00am
Bank holidays

Bank holidays

The State Bank of Pakistan (SBP) and all the offices of SBP Banking Services Corporation including the Public Debt Offices would remain closed on February 8 and 9, 2006 on account of Muharram 9 and 10th. The government of Pakistan has declared these two d
Published 07 Feb, 2006 12:00am
Strike in Indian occupied Kashmir against publication of cartoons

Strike in Indian occupied Kashmir against publication of cartoons

A general strike called to protest the publication in European newspapers of caricatures of the Holy Prophet (PBUH) brought occupied Kashmir to a halt Monday, witnesses said. Shops and business establishments downed shutters in occupied Srinagar, while st
Published 07 Feb, 2006 12:00am
Strike in Indian occupied Kashmir against publication of cartoons

Strike in Indian occupied Kashmir against publication of cartoons

A general strike called to protest the publication in European newspapers of caricatures of the Holy Prophet (PBUH) brought occupied Kashmir to a halt Monday, witnesses said. Shops and business establishments downed shutters in occupied Srinagar, while st
Published 07 Feb, 2006 12:00am
Pillion riding banned in Islamabad

Pillion riding banned in Islamabad

The District Magistrate, Islamabad, Muhammad Ali, has banned the use of motorcycles for pillion riding in the revenue/territorial limits of Islamabad.
Published 07 Feb, 2006 12:00am
Tremor jolts Chitral

Tremor jolts Chitral

An earthquake of mild intensity shook Chitral city on Monday at 16:17 hours, says a press release of Meteorological Station Peshawar. According to preliminary analysis, the magnitude of the earthquake on Richter scale was 4.1 and its epicentre lied about
Published 07 Feb, 2006 12:00am
Tremor jolts Chitral

Tremor jolts Chitral

An earthquake of mild intensity shook Chitral city on Monday at 16:17 hours, says a press release of Meteorological Station Peshawar. According to preliminary analysis, the magnitude of the earthquake on Richter scale was 4.1 and its epicentre lied about
Published 07 Feb, 2006 12:00am
PMA and APCDA to boycott various European drugs

PMA and APCDA to boycott various European drugs

Pakistan Medical Association (PMA) has decided not to prescribe medicines of Switzerland, Denmark, Norway, Germany, France based multinational companies and complete boycott would be observed as a protest against the publication of blasphemous caricatures
Published 07 Feb, 2006 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 07 Feb, 2006 12:00am
PMA and APCDA to boycott various European drugs

PMA and APCDA to boycott various European drugs

Pakistan Medical Association (PMA) has decided not to prescribe medicines of Switzerland, Denmark, Norway, Germany, France based multinational companies and complete boycott would be observed as a protest against the publication of blasphemous caricatures
Published 07 Feb, 2006 12:00am
PMA and APCDA to boycott various European drugs

PMA and APCDA to boycott various European drugs

Pakistan Medical Association (PMA) has decided not to prescribe medicines of Switzerland, Denmark, Norway, Germany, France based multinational companies and complete boycott would be observed as a protest against the publication of blasphemous caricatures
Published 07 Feb, 2006 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Monday (February 06, 2006).

Published 07 Feb, 2006 12:00am
'No law allows to remove SECP chief without due process'

'No law allows to remove SECP chief without due process'

Dr Tariq Hassan, former chairman of the Securities and Exchange Commission of Pakistan (SECP), has said that the SECP Act. 1997, or for the matter any other law, does not allow the Federal Government to remove the chairman of the Commission, particularly
Published 07 Feb, 2006 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Karachi Stock Exchange.

Published 07 Feb, 2006 12:00am
'No law allows to remove SECP chief without due process'

'No law allows to remove SECP chief without due process'

Dr Tariq Hassan, former chairman of the Securities and Exchange Commission of Pakistan (SECP), has said that the SECP Act. 1997, or for the matter any other law, does not allow the Federal Government to remove the chairman of the Commission, particularly
Published 07 Feb, 2006 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 07 Feb, 2006 12:00am
''No law allows to remove SECP chief without due process''

''No law allows to remove SECP chief without due process''

Dr Tariq Hassan, former chairman of the Securities and Exchange Commission of Pakistan (SECP), has said that the SECP Act. 1997, or for the matter any other law, does not allow the Federal Government to remove the chairman of the Commission, particularly
Published 07 Feb, 2006 12:00am
Board meetings in progress

Board meetings in progress

Board Meetings in Progress of Companies listed on the Karachi Stock Exchange.

Published 07 Feb, 2006 12:00am
Iran should end 'threats and confrontation': US

Iran should end 'threats and confrontation': US

The White House on Monday condemned "threats and confrontation" from Iran after Tehran said it would restart sensitive nuclear work, feeding concerns the hard-line regime seeks atomic weapons.
Published 07 Feb, 2006 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 07 Feb, 2006 12:00am
Iran should end 'threats and confrontation': US

Iran should end 'threats and confrontation': US

The White House on Monday condemned "threats and confrontation" from Iran after Tehran said it would restart sensitive nuclear work, feeding concerns the hard-line regime seeks atomic weapons.
Published 07 Feb, 2006 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Monday (February 06, 2006).

Published 07 Feb, 2006 12:00am
Tehran cuts trade with Denmark

Tehran cuts trade with Denmark

Iran has cut all trade ties with Denmark because of the publication of blasphemous cartoons of the Holy Prophet Mohammad (PBUH), Iranian Commerce Minister Massoud Mirkazemi was quoted as saying by the Iranian student news agency ISNA. "All trade ties with
Published 07 Feb, 2006 12:00am