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Print - 2006-07-04
Kumble bowls India to historic Test victory

Kumble bowls India to historic Test victory

Leg-spin bowler Anil Kumble captured six wickets to bowl India to a historic win inside three days in the fourth and final Test on Sunday at Sabina Park.
Published 04 Jul, 2006 12:00am
China and Russia claim superpower mantle from US

China and Russia claim superpower mantle from US

China and Russia rubbed salt into the United States' Wimbledon wounds on Monday by underlining their status as the emerging superpowers in women's tennis. Li Na became the first Chinese player to reach the quarter-finals of a Grand Slam while Russia saw t
Published 04 Jul, 2006 12:00am
Sundar Industrial Estate demands

Sundar Industrial Estate demands

Sundar Industries Association (SIA) has demanded the government to take immediate steps to protect the owners of newly established projects in the estate from land mafia.
Published 04 Jul, 2006 12:00am
Sub-standard cement import exposes government claims

Sub-standard cement import exposes government claims

The decision of the Central Board of Revenue (CBR) not to release sub-standard cement imported from China to the local market has exposed the government claims that permission of the duty-free imported cement along with freight subsidy will bring down the
Published 04 Jul, 2006 12:00am
ETPB slashes rents on residential units

ETPB slashes rents on residential units

Evacuee Trust Property Board (ETPB) has decided to slash rents of its residential property units, however it resolved to bring the commercial properties rents at par with the prevailing market rates. Member Board's Trustees, Dr A. Basit disclosed this in
Published 04 Jul, 2006 12:00am
MTL sets new production record

MTL sets new production record

Millat Tractors Limited (MTL) set a new record of highest-ever production by delivering 24,000th tractor on 30th June, 2006, beating its earlier record of over 22,000 tractors achieved in 2004-2005.
Published 04 Jul, 2006 12:00am
Violence against women on the rise in Pakistan: Amnesty International

Violence against women on the rise in Pakistan: Amnesty International

Amnesty International would continue its efforts for promotion of peace and putting an end to violence against women and extra-judicial killings. President Amnesty International Pakistan, Fayyaz ur Rehman told newsmen here on Monday that the organisation
Published 04 Jul, 2006 12:00am
PSMA and CRA welcome sugar import

PSMA and CRA welcome sugar import

Pakistan Sugar Mills Association (PSMA) and Citizens Rights Association (CRA) have appreciated the government for timely importing sugar so as to fill in the shortfall gap and to avoid any further hike in the sugar prices. CRA President Chaudhry Nasir Ahm
Published 04 Jul, 2006 12:00am
Iranian team visits GC University

Iranian team visits GC University

A 15-member Iranian delegation of educationalists on Monday visited the 'Utaq-e-Iran Shanasi' of the Persian department of GC University Lahore and exchanged matters pertaining to the promotion of Persian language and literature at the campus.
Published 04 Jul, 2006 12:00am
German health reform deal criticised as modest

German health reform deal criticised as modest

Germany's ruling coalition reached a deal on Monday to introduce changes to the nation's healthcare system, but experts called the reforms modest and said they did little to curb spiralling costs.
Published 04 Jul, 2006 12:00am
20 killed in Afghanistan

20 killed in Afghanistan

Troops from the US-led coalition killed 20 extremists who attacked a patrol in an area of southern Afghanistan that has seen weeks of intense fighting, the coalition said Monday. Two coalition soldiers were wounded in the attack on Sunday in the Sangin di
Published 04 Jul, 2006 12:00am
Former US soldier charged with killings and rape

Former US soldier charged with killings and rape

A former US soldier was arrested and charged with killing four Iraqi civilians and raping one of them, US officials said on Monday. Steven Green, 21, who was stationed in Iraq with the 101st Airborne Division, appeared in court in Charlotte, North Carolin
Published 04 Jul, 2006 12:00am
Bombs kill 11, Maliki visits Gulf Arab leaders

Bombs kill 11, Maliki visits Gulf Arab leaders

Iraq's prime minister visited Gulf Arab leaders on Monday to win support for his plan to end communal bloodshed, but new bombings and a boycott of parliament by Sunni Arab lawmakers underlined the difficulty of his task.
Published 04 Jul, 2006 12:00am
34 killed as Spanish metro train derails

34 killed as Spanish metro train derails

At least 34 people were killed when an underground train ran off the tracks and overturned at high speed in the eastern Spanish city of Valencia on Monday, officials said.
Published 04 Jul, 2006 12:00am
UK suspends payments for terrorism suspect families

UK suspends payments for terrorism suspect families

Britain will suspend welfare payments to family members of terrorism suspects as well as the suspects themselves, the Treasury said on Monday. The announcement amounts to an expansion of government powers to deny state benefits to those accused of links t
Published 04 Jul, 2006 12:00am
Eight killed in two blasts in Sri Lanka

Eight killed in two blasts in Sri Lanka

Two suspected Tamil Tiger rebel blasts killed eight people in Sri Lanka's north and east on Monday. The army said a bomb ripped through a road junction in the north-eastern port town of Trincomalee, killing five security personnel and a civilian. They bla
Published 04 Jul, 2006 12:00am
Nato gets cold feet on 2008 enlargement

Nato gets cold feet on 2008 enlargement

Nato is having second thoughts about opening the door to membership for Ukraine, Georgia and three Balkan states at a summit slated for early 2008, alliance diplomats said on Monday.
Published 04 Jul, 2006 12:00am
Mexico conservative claims win

Mexico conservative claims win

Mexico's conservative presidential candidate Felipe Calderon declared victory on Monday in a bitterly contested election and official returns appeared to show his leftist rival could no longer catch him.
Published 04 Jul, 2006 12:00am
Palestinian militants issue ultimatum to Israel

Palestinian militants issue ultimatum to Israel

Palestinian militants who abducted an Israeli soldier gave Israel less than 24 hours on Monday to meet their demands to release Palestinian prisoners, threatening unspecified consequences if it refused.
Published 04 Jul, 2006 12:00am
Greek and Turkish Cypriot leaders meet

Greek and Turkish Cypriot leaders meet

Leaders of Cyprus's divided Greek and Turkish communities said on Monday they were willing to meet again after their first face-to-face talks in more than two years.
Published 04 Jul, 2006 12:00am
Hamas health minister terms EU aid plan a 'plot'

Hamas health minister terms EU aid plan a 'plot'

Palestinian Health Minister Basim Naeem of Hamas asked hospital directors on Monday not to cooperate with the European Union in setting up a programme to pay cash allowances directly to government doctors and nurses. He said the EU should work through his
Published 04 Jul, 2006 12:00am
Sterling struggles

Sterling struggles

Sterling lost ground on Monday despite stronger-than-expected British manufacturing data as markets remained convinced the Bank of England is unlikely to raise interest rates anytime soon.
Published 04 Jul, 2006 12:00am
Euro hits record high versus yen

Euro hits record high versus yen

The euro hit a record high against the yen on Monday as eurozone interest rates looked set to rise while uncertainty remained over Japan's interest rate outlook. A stronger-than-expected eurozone manufacturing sector survey supported the view that the Eur
Published 04 Jul, 2006 12:00am
Bonds: Renault CDS widen

Bonds: Renault CDS widen

French automaker Renault dominated attention in an otherwise thin European corporate bond market on Monday, as concerns built ahead of a board meeting that will discuss a plan for a tie up with General Motors Corp.
Published 04 Jul, 2006 12:00am
Bonds: Renault CDS widen

Bonds: Renault CDS widen

French automaker Renault dominated attention in an otherwise thin European corporate bond market on Monday, as concerns built ahead of a board meeting that will discuss a plan for a tie up with General Motors Corp.
Published 04 Jul, 2006 12:00am
UK's top share index rises

UK's top share index rises

Strength in BP helped Britain's top share index seal a four-day winning streak on Monday following a reassuring production update from the oil producer, taking the benchmark index to its highest closing level in seven weeks.
Published 04 Jul, 2006 12:00am
New York cotton futures crumble

New York cotton futures crumble

Cotton futures crumbled amid steady speculative sales to finish easier Monday and the weak performance meant prices may slide further after a brief holiday break, dealers said. The cotton market will be shut Tuesday for a holiday. Trading resumes on Wedne
Published 04 Jul, 2006 12:00am
London sugar higher

London sugar higher

London white sugar futures closed firmer on structural trade and speculative buying on Monday, and traders said the market might have to fall sharply to trigger significant physical business.
Published 04 Jul, 2006 12:00am
Copper closes lower

Copper closes lower

London Metal Exchange (LME) copper ended lower on Monday as profit-taking started off the second half of 2006, dealers said. "I believe copper prices will go down to $6,600 or $6,700 in the short term as people are less interested to invest at this time o
Published 04 Jul, 2006 12:00am
Oil steadies above $73 a barrel, US demand supports

Oil steadies above $73 a barrel, US demand supports

Oil futures were steady above $73 a barrel on Monday as American drivers shrugged off high pump prices and took to the road in large numbers. London Brent crude traded 22 cents lower at $73.29 a barrel by 1700 GMT, after touching a high of $73.99 a barrel
Published 04 Jul, 2006 12:00am
European gold touches four-week high

European gold touches four-week high

Gold prices gained more than two percent to touch their highest in nearly four weeks on Monday, tracking strong gains in New York and firm oil prices, dealers said.
Published 04 Jul, 2006 12:00am
Two percent quota for disabled in jobs assured

Two percent quota for disabled in jobs assured

Director Social Welfare Department, Dr Fakhar-ul- lslam has assure that his department would ensure implementation on two percent fixed quota for the disabled people in the government jobs. Similarly, inspectors have been engaged by the department for the
Published 04 Jul, 2006 12:00am
Anti-drug awareness campaign concludes

Anti-drug awareness campaign concludes

A weeklong anti-drug awareness campaign, launched by Anti-Narcotics Force (ANF) in collaboration with 300 NGOs network concluded here on Monday. The campaign was launched simultaneously in eight districts, including Multan, Vehari, Sukkur, Sanghar, Abbott
Published 04 Jul, 2006 12:00am
Sialkot-Daska rail link demanded

Sialkot-Daska rail link demanded

Socio-political circles have appealed to the high-ups of railway authorities that a survey should be conducted for laying railway track between Sialkot and Daska to minimise the distance between Sialkot-Lahore.
Published 04 Jul, 2006 12:00am
NPK fertilisers export: Engro account

NPK fertilisers export: Engro account

Pakistan has a tremendous untapped agriculture potential. One of the major reasons for low yield is the imbalanced use of fertilisers. Deficiency of any one of the nutrients limits the crop yield.
Published 04 Jul, 2006 12:00am
NAB or Gestapo?

NAB or Gestapo?

I usually do not visit the Customs House in Karachi but was advised by my clearing agent that my presence was imperative to convince the Collector that my textile spare parts consignment was being assessed in a different H.S. Code due to an anomaly in the
Published 04 Jul, 2006 12:00am
India ready to resume trade with Tibet as Silk route reopens

India ready to resume trade with Tibet as Silk route reopens

Motilal Lakhotia will be among the first to cross from India to Tibet when the historic Silk Route is reopened at the Himalayan outpost of Nathu La on Thursday after a gap of 44 years. But it won't be the first time the 80-year-old has made the trip.
Published 04 Jul, 2006 12:00am
Taxation of Takaful insurance-I

Taxation of Takaful insurance-I

Takaful insurance is the scream of the day and not a single company has started operations yet. However, the Securities and Exchange Commission of Pakistan has issued rules containing the detailed infrastructure and obligations.
Published 04 Jul, 2006 12:00am
ARD demand

ARD demand

The ARD parties have used the recent Supreme Court decision regarding Pakistan Steel Mills privatisation to throw a challenge to the government. An alliance meeting held in London on Sunday passed a resolution demanding the resignation of President Genera
Published 04 Jul, 2006 12:00am
Cross-subsidies in gas tariff must end

Cross-subsidies in gas tariff must end

When the urban population is squeezed already by inflation, and facing frequent electricity breakdowns together with an irregular water supply, the rise in gas prices announced by the government on 2nd July, 2006 would naturally attract widespread critici
Published 04 Jul, 2006 12:00am
Forest and Wildlife department officials promoted

Forest and Wildlife department officials promoted

The NWFP government has promoted 72 and 15 Range Officers of forest and wildlife departments respectively from BPS-16 to the posts of sub divisional officers in BPS-17. The provincial chief secretary formally approved a summary that was sent by Secretary
Published 04 Jul, 2006 12:00am
'Kashmir issue enters into decisive stage'

'Kashmir issue enters into decisive stage'

AJK Prime Minister, Sardar Sikander Hayat Khan has said that Kashmir issue has now entered into a decisive stage and it would be resolved according to the aspirations of people of Kashmir. Addressing a large public meeting in Mirpur Sunday night he lauded
Published 04 Jul, 2006 12:00am
Generous funding made for civic amenities: Sherpao

Generous funding made for civic amenities: Sherpao

Federal Interior Minister Aftab Ahmed Khan Sherpao has said that generous allocations have been made in the pubic sector development programme for the provision of civic amenities and utility services in the less developed areas.
Published 04 Jul, 2006 12:00am
Saarc states making efforts to reduce poverty: minister

Saarc states making efforts to reduce poverty: minister

Minister for Local Government and Rural Development, Justice Abdul Razak A Thahim on Monday said that Saarc countries are making steady efforts to achieve socio-economic progress and reduce poverty in the region.
Published 04 Jul, 2006 12:00am
Six Northern Areas Legislative Council advisors take oath

Six Northern Areas Legislative Council advisors take oath

The Federal Minister For Kashmir Affairs and Northern Areas Affairs, Major Tahir Iqbal (Retd) here on Monday administered oath to the newly appointed six advisors in a special session of Northern Areas Legislative Council.
Published 04 Jul, 2006 12:00am
Consumers urged to avoid excessive use of electricity

Consumers urged to avoid excessive use of electricity

People requested on Monday by Peshawar Electricity Supply Company (Pesco) to avoid excessive use of electricity especially during the peak hours, that is, in the evening from 6:00pm to 11:00pm, said a press release of the company issued here.
Published 04 Jul, 2006 12:00am
UAE RBTC to coordinate with 26 states

UAE RBTC to coordinate with 26 states

United Arabs Emirates (UAE) regional blood transfusion centre will be co-ordinating all its activities, seminars and workshops with other bank centres in 26 countries of the region including Pakistan, Iran, Afghanistan Turkey and Cyprus.
Published 04 Jul, 2006 12:00am
Cell phone users shoot up to 32.3 million mark

Cell phone users shoot up to 32.3 million mark

The number of cell phone users in Pakistan during the previous three years went whirling up to 32.3 million from mere 2.3 million earlier. Nearly two million new mobile phone purchasers every month add up to the fast swelling total number of cellular phon
Published 04 Jul, 2006 12:00am
BHC summons LEAs officials in detention case

BHC summons LEAs officials in detention case

Balochistan High Court (BHC) here on Monday issued notices to officials of law enforcement agencies (LEAs) to appear before the court in detention case of an SDO B&R Jamal Khan Bugti, on July 18. The court also ordered to fix the matter along with other s
Published 04 Jul, 2006 12:00am
Ombudsman settles pensioners' claims

Ombudsman settles pensioners' claims

Sindh Ombudsman K. Yousuf Jamal has settled a longstanding but legitimate claims of the retired low-paid employees. The Sindh Ombudsman, through a decision on June 30, announced payment of pensions to five retired officials of the local government field u
Published 04 Jul, 2006 12:00am
'USAS helped expand tax net'

'USAS helped expand tax net'

Universal Self-Assessment Scheme has after its introduction brought more persons under tax net and the number of annual income tax returns has increased from 1 million to 1.4 million within last three years. Member Direct Taxes Revenue Board, Salman Nabi,
Published 04 Jul, 2006 12:00am
Japanese envoy meets NALC Speaker

Japanese envoy meets NALC Speaker

Japanese envoy to Pakistan, Seiji Kojima currently on a visit to Gilgit, called on Speaker Northern Areas legislative Council (NALC), Malik Mohammad Miskeen in his chamber. According to official sources, they exchanged views as to how the mountainous comm
Published 04 Jul, 2006 12:00am
Thousands of poor provided free medical treatment by Army

Thousands of poor provided free medical treatment by Army

Thousands of poor and needy people of Tharparkar, Mithi and surroundings areas are being provided free medical treatment by Pakistan Army. According to an ISPR press release issued here on Monday. Military Hospital at Chhor has dedicated every on Wednesda
Published 04 Jul, 2006 12:00am
Christians demand due representation in parties

Christians demand due representation in parties

Pakistan Masihi Awami League (PMAL) Chairperson Catherine Nazir said on Monday that they would join hands with those political parties, which would ensure due representation to Christians in national and provincial assemblies and Senate to induct them in
Published 04 Jul, 2006 12:00am
SHC moved against power crisis in Karachi

SHC moved against power crisis in Karachi

The Sindh High Court (SHC) on Monday issued notice to Water and Power Ministry, Privatisation Commission (PC), Karachi Electric Supply Corporation (KESC), and others for July 10 on a petition against deteriorating electric supply situation in Karachi.
Published 04 Jul, 2006 12:00am
Sea trade at Port Qasim rises to 42 percent in fiscal year 2006

Sea trade at Port Qasim rises to 42 percent in fiscal year 2006

The share of the Port Qasim Authority (PQA) in sea-borne trade increased from a conventional 33 percent to more than 42 percent during FY06. Cargo handling at PQA touched a threshold of around 24 million tonnes despite a sizeable decline of Pakistan Steel
Published 04 Jul, 2006 12:00am
GTR developing new tyre sizes to meet industry needs

GTR developing new tyre sizes to meet industry needs

The General Tyre & Rubber Company (GTR) is working with the local auto industry to develop new tyre sizes required by the industry for its new models to be introduced in near future. It is being helped by its technology supplier, Continental AG, of German
Published 04 Jul, 2006 12:00am
Study prepared on cost of doing business: minister

Study prepared on cost of doing business: minister

Minister for Textile Industry Mushtaq Ali Cheema has informed the business community that the ministry has prepared a comparative study of cost of doing business in Pakistan and other competitors in the textile sector in various countries.
Published 04 Jul, 2006 12:00am
Slow pace of work on pedestrian bridges at Shahrae-Faisal

Slow pace of work on pedestrian bridges at Shahrae-Faisal

The slow pace of construction work on the pedestrian bridges at Shahrae-Faisal has jeopardise the timely completion of the schemes. The overhead pedestrian bridges are being constructed on Shahra-e-Faisal on build operate and transfer (BOT) basis by the c
Published 04 Jul, 2006 12:00am
APCNGA gets FPCCI affiliation

APCNGA gets FPCCI affiliation

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has allowed affiliation of All Pakistan CNG Association (APCNGA) with it.
Published 04 Jul, 2006 12:00am
LCCI resents hike in gas prices

LCCI resents hike in gas prices

The Lahore Chamber of Commerce and Industry (LCCI) while vehemently condemning sharp increase in gas prices, has urged the government to withdraw the raise immediately if it wants to keep the wheel of the industry moving.
Published 04 Jul, 2006 12:00am
LCCI hails Uzbekistan for air link restoration

LCCI hails Uzbekistan for air link restoration

Lahore Chamber of Commerce and Industry (LCCI) has welcomed the Uzbek government's decision to restore direct air-links between Pakistan and Uzbekistan.
Published 04 Jul, 2006 12:00am
Government urged to review oil and gas exploration policy

Government urged to review oil and gas exploration policy

Chairman, Al-Pakistan CNG Association, Sindh Zone, Junaid Esmail Makda has urged the government to review its oil and gas exploration policy which links locally produced oil and gas prices with international prices.
Published 04 Jul, 2006 12:00am
LDA Avenue-I housing scheme: 'developmental works to complete in a year'

LDA Avenue-I housing scheme: 'developmental works to complete in a year'

Developmental works for laying water, sewerage and Sui gas pipelines as well as construction of physical infrastructure including roads and streets would be completed within a period of one year in LDA Avenue-I, the housing scheme for government employees
Published 04 Jul, 2006 12:00am
Foot-mouth disease diagnosis available at UVAS

Foot-mouth disease diagnosis available at UVAS

The WTO Quality Control Lab of the University of Veterinary and Animal Sciences Lahore has optimised an effective molecular technique for quick diagnosis of foot and mouth disease (FMD).
Published 04 Jul, 2006 12:00am
'Industries may face heavy penalties'

'Industries may face heavy penalties'

Several factories and industries are likely to face heavy penalties after the proposed 'Environment Protection Agency' (EPA) tribunal becomes operational.
Published 04 Jul, 2006 12:00am
26 die as heat stroke continues in Punjab

26 die as heat stroke continues in Punjab

At least 26 people, including two minor children and three women died and 145 fainted as the temperature in Southern Punjab rose to 45 degree Celsius on Monday and frequent power load shedding added to miseries of the people, reports reaching here through
Published 04 Jul, 2006 12:00am
Japan provides $35.71 million for Battagram quake victims

Japan provides $35.71 million for Battagram quake victims

The government of Japan on Monday provided 35.71 million dollars for the rehabilitation and reconstruction of the education, health and infrastructure facilities in the earthquake devastated Battagram district.
Published 04 Jul, 2006 12:00am
British Air bonus for club members

British Air bonus for club members

British Airways executive club members travelling between Islamabad and London can earn double BA miles this summer. The special bonus is being introduced to celebrate the airline's introduction of twice as many club world seats on the rout, according to
Published 04 Jul, 2006 12:00am
Income tax, WT relief: clarification

Income tax, WT relief: clarification

To encourage corporatisation of individual stock exchange membership, the exemption of income tax would be applicable on the gain derived by an individual from transfer of membership rights or shares of a stock exchange including a room in the exchange by
Published 04 Jul, 2006 12:00am
The Weather

The Weather

The weather report on Monday (July 03, 2006) and the forecast for Tuesday (July 04, 2006).
Published 04 Jul, 2006 12:00am
Income tax, WT relief: clarification

Income tax, WT relief: clarification

To encourage corporatisation of individual stock exchange membership, the exemption of income tax would be applicable on the gain derived by an individual from transfer of membership rights or shares of a stock exchange including a room in the exchange by
Published 04 Jul, 2006 12:00am
New York cotton

New York cotton

Monday's closing prices of New York cotton in US cents/lb.

Published 04 Jul, 2006 12:00am
Kasuri leaves for France, US today

Kasuri leaves for France, US today

Foreign Minister Khurshid Mehmood Kasuri embarks on Tuesday on a 10-day visit to France and the United States for talks on bilateral, regional and international issues of mutual interest, it was officially announced here on Monday.
Published 04 Jul, 2006 12:00am
New York cotton

New York cotton

Monday's closing prices of New York cotton in US cents/lb.

Published 04 Jul, 2006 12:00am
Time ripe to move towards dispute resolution: Prime Minister

Time ripe to move towards dispute resolution: Prime Minister

Prime Minister Shaukat Aziz said on Monday that the stage has now come for Pakistan and India to move towards dispute resolution and called for a just settlement of the core issue of Jammu and Kashmir to ensure durable peace and security in South Asia.
Published 04 Jul, 2006 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (July 03, 2006).

Published 04 Jul, 2006 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (July 03, 2006).

Published 04 Jul, 2006 12:00am
Fazal Hasan's death condoled

Fazal Hasan's death condoled

Sindh Governor, Dr Ishratul Ibad Khan has condoled the death of Syed Fazal Hasan, a former director of Institute of Business Administration (IBA), Karachi. In a condolence message, he lauded the contributions of the deceased in the realms of education.
Published 04 Jul, 2006 12:00am
Key stock and currency market movements

Key stock and currency market movements

The latest close of key indices on major world stock exchanges and the London closing values of the euro, the Japanese yen, the British pound and gold bullion (previous day's closes in brackets).

Published 04 Jul, 2006 12:00am
Texstyle exposition from August 4

Texstyle exposition from August 4

The International Texstyle Pakistan exhibition will be held from August 4 to 6 at the Fortress Expo Centre here. Pakistani exporters of textile-made-ups, readymade garments, leather machinery, and accessories will attend the three-day mega event.
Published 04 Jul, 2006 12:00am
Cotton cultivation dips in Rahimyar Khan

Cotton cultivation dips in Rahimyar Khan

Cotton cultivation in the district has been completed, covering an area of 750,000 acres of land against the target of 792,000, a first-ever decrease.
Published 04 Jul, 2006 12:00am