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May 25, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2006-09-14
Canada productivity down for first time in two years

Canada productivity down for first time in two years

Canadian labour productivity fell for the first time in two years in the second quarter because of an economic slowdown and "a more pronounced increase in hours worked," Statistics Canada said on Wednesday.
Published 14 Sep, 2006 12:00am
Former Shanghai Broadband chairman arrested

Former Shanghai Broadband chairman arrested

A former chairman of Shanghai Broadband Technology Co Ltd, a communications equipment maker and distributor, has been arrested for allegedly misusing company funds, an official newspaper reported on Wednesday.
Published 14 Sep, 2006 12:00am
Gas supply restored

Gas supply restored

Gas supply to Zafar Town, Landhi was restored to the affected residential consumers as a result of the prompt action taken by the SSGC maintenance teams. On September 12, at 11 PM, a complaint was lodged in SSGC's Customers Relations Department's (CRD) em
Published 14 Sep, 2006 12:00am
LNG deal poses problem to Iran pipeline: India

LNG deal poses problem to Iran pipeline: India

India said on Wednesday that a stalled deal with Iran to supply liquefied natural gas (LNG) to India was a stumbling block in making progress with a major natural gas pipeline project.
Published 14 Sep, 2006 12:00am
Zimbabwe unveils $490 million loan injection

Zimbabwe unveils $490 million loan injection

Zimbabwe unveiled nearly half a billion dollars worth of mainly foreign loans on Wednesday which the central bank said would help rescue the country's struggling economy, including a $200 million facility from China.
Published 14 Sep, 2006 12:00am
Prospect of EU shoe duties grows as Austria steps in

Prospect of EU shoe duties grows as Austria steps in

  • The prospect of the European Union imposing anti-dumping tariffs on leather shoes from China and Vietnam grew on Wednesday when Austria, previously against the plan, proposed a compromise, trade diplomats said.
Published 14 Sep, 2006 12:00am
Nigerian oil strike disrupts exports

Nigerian oil strike disrupts exports

A strike by Nigerian oil workers stopped shipments from two big export terminals on Wednesday, the first day of a three-day stoppage by unions protesting about violence against oil workers, shipping agents said.
Published 14 Sep, 2006 12:00am
French and German inflation moderate

French and German inflation moderate

German and French prices rose at a moderate pace in August, data showed on Wednesday, but economists said that was unlikely to deter the European Central Bank from raising interest rates further.
Published 14 Sep, 2006 12:00am
Japan's account surplus up

Japan's account surplus up

Japan's current account surplus grew more than expected in July, government data showed on Wednesday, as strong gains from overseas investments outweighed a narrowing of the trade surplus due to higher energy costs.
Published 14 Sep, 2006 12:00am
China needs market reform: Paulson

China needs market reform: Paulson

China must swiftly adopt a more fully market-based economy and flexible currency exchange rates or risk losing its ability to control its economy, US Treasury Secretary Henry Paulson said on Wednesday.
Published 14 Sep, 2006 12:00am
UK jobless rate plummets

UK jobless rate plummets

The number of Britons claiming jobless benefit fell sharply last month, but it was no surprise to markets after Prime Minister Tony Blair said on Tuesday he expected a "welcome" drop in unemployment.
Published 14 Sep, 2006 12:00am
Chinese stocks fall on profit-taking

Chinese stocks fall on profit-taking

Chinese shares fell 0.38 percent on Wednesday, as investors locked in profit after shares reached nine-week highs the previous session. The benchmark Shanghai composite index closed at 1,689.389 points, after touching a high of 1,713.989 on buoyant sentim
Published 14 Sep, 2006 12:00am
Philippines shares make small gains

Philippines shares make small gains

Philippines share prices closed 0.75 percent higher on Wednesday on a technical bounce sparked by overnight gains on Wall Street and lower oil prices, dealers said.
Published 14 Sep, 2006 12:00am
China Mobile boosts Hong Kong shares

China Mobile boosts Hong Kong shares

Hong Kong blue chips ended up 0.8 percent on Wednesday, led by China Mobile, while recently battered commodity stocks found a toehold, reversing a six-session losing streak in the resource heavy H-share index.
Published 14 Sep, 2006 12:00am
US stocks up on oil's drop

US stocks up on oil's drop

US stocks rose the most in about a month on Tuesday, led by retail shares such as Home Depot Inc as investors bet falling crude oil prices will boost consumer spending and lift corporate profits while easing inflation.
Published 14 Sep, 2006 12:00am
Indian shares jump

Indian shares jump

Indian share prices closed two percent higher on Wednesday, extending their recovery after Monday's heavy sell-off, as lower oil prices sparked fresh fund support, dealers said.
Published 14 Sep, 2006 12:00am
US Treasuries rally after well-bid auction

US Treasuries rally after well-bid auction

US Treasury debt prices rallied on Tuesday after stronger-than-expected bidding in a Treasury 10-year note auction spurred buying. The $8 billion of reopened 10-years were sold at a high yield of 4.810 percent and a bid-to-cover ratio - an indication of d
Published 14 Sep, 2006 12:00am
US Treasuries rally after well-bid auction

US Treasuries rally after well-bid auction

US Treasury debt prices rallied on Tuesday after stronger-than-expected bidding in a Treasury 10-year note auction spurred buying. The $8 billion of reopened 10-years were sold at a high yield of 4.810 percent and a bid-to-cover ratio - an indication of d
Published 14 Sep, 2006 12:00am
Britain to ensure LSE stays under UK regulation

Britain to ensure LSE stays under UK regulation

Britain will introduce new legislation to ensure the London Stock Exchange will continue to benefit from the UK's "light touch" approach to regulation if it is taken over, a minister said on Wednesday.
Published 14 Sep, 2006 12:00am
Jakarta stocks climb

Jakarta stocks climb

Indonesian share prices closed 1.10 percent higher on Wednesday on a technical rebound after recent falls but with the main index ending off its intra-day high amid some profit-taking, dealers said.
Published 14 Sep, 2006 12:00am
Malaysian shares little changed

Malaysian shares little changed

Malaysian share prices closed little changed on Wednesday as bargain-hunting in select blue chips by local funds offset losses led by a slump in mining stocks, dealers said. They said the fall in mining stocks reflected the recent world-wide downtrend in
Published 14 Sep, 2006 12:00am
Thai stocks end 1.52 percent firmer

Thai stocks end 1.52 percent firmer

Thai share prices closed 1.52 percent higher on Wednesday, with sentiment upbeat after a strong Wall Street performance overnight sparked gains across the region, dealers said.
Published 14 Sep, 2006 12:00am
Tokyo shares rise

Tokyo shares rise

The Nikkei share average edged up 0.20 percent on Wednesday as Advantest Corp and other chip stocks rose but consumer loan companies such as Credit Saison Co fell on a report of tighter accounting rules.
Published 14 Sep, 2006 12:00am
Singapore shares surge

Singapore shares surge

Singapore share prices closed 0.84 percent higher on Wednesday as the market benefited from Wall Street's overnight advance and easier oil prices, dealers said.
Published 14 Sep, 2006 12:00am
Swiss franc lower against dollar

Swiss franc lower against dollar

The Swiss franc was lower against major currencies on Wednesday after a Swiss National Bank board member said Swiss growth will slow next year. The franc was down 0.12 percent against the dollar at 1.2527 francs per dollar and down 0.15 percent against th
Published 14 Sep, 2006 12:00am
Chinese yuan softens

Chinese yuan softens

China's yuan softened against the dollar on Wednesday, partly because of the strength of the US currency on global markets, but dealers said most onshore traders expected the yuan to resume rising soon.
Published 14 Sep, 2006 12:00am
Dollar hits two-month high

Dollar hits two-month high

The dollar climbed to a two-month high against the Swiss franc and held near five-month peaks against the yen on Wednesday as investors kept flocking to currencies offering higher yields.
Published 14 Sep, 2006 12:00am
Dollar shrugs off US trade gap

Dollar shrugs off US trade gap

The dollar hit a five-month high against the yen and edged up against the euro on Tuesday, as interest rate differentials continued to favour the dollar, despite a widening in the US trade deficit to a new record in July.
Published 14 Sep, 2006 12:00am
Bangladesh interbank forex, interest rates

Bangladesh interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Wednesday. 67.40/68.20 (previous 68.45/68.96). Call Money Rates: 6.40-10.00 percent (previous 6.40-10.00 percent).
Published 14 Sep, 2006 12:00am
Lehman Brothers quarterly earnings rise

Lehman Brothers quarterly earnings rise

Lehman Brothers Holdings Inc on Wednesday said third-quarter earnings rose a better-than-expected 4 percent, as trading and investment management revenue jumped. The investment bank's shares moved higher in early trading, a day after Lehman rival Goldman
Published 14 Sep, 2006 12:00am
Lehman Brothers quarterly earnings rise

Lehman Brothers quarterly earnings rise

Lehman Brothers Holdings Inc on Wednesday said third-quarter earnings rose a better-than-expected 4 percent, as trading and investment management revenue jumped. The investment bank's shares moved higher in early trading, a day after Lehman rival Goldman
Published 14 Sep, 2006 12:00am
IMF faces crunch time

IMF faces crunch time

A politically contentious plan to revamp the 61-year-old International Monetary Fund and give rising economic powers more say will be hotly debated when world financial leaders gather in Singapore this week and next.
Published 14 Sep, 2006 12:00am
Asian currencies steady to firmer on equities

Asian currencies steady to firmer on equities

Asian currencies were steady to firmer on Wednesday, days before the start of a Group of Seven meeting in Singapore, helped by buying in regional equities on the view that lower oil prices will improve corporate profits.
Published 14 Sep, 2006 12:00am
Hong Kong dollar extends losses

Hong Kong dollar extends losses

The Hong Kong dollar retained a soft tone on Wednesday amid persistent buying interest in the US dollar and despite gains in the local stock market. The domestic currency was trading at 7.7803/04 to the US dollar the weakest level since June 2005 - soften
Published 14 Sep, 2006 12:00am
DiMarco to defend Abu Dhabi title

DiMarco to defend Abu Dhabi title

Chris DiMarco will return to the United Arab Emirates capital in January to defend his Abu Dhabi golf championship title, organisers of the $2-million European Tour event said on Wednesday.
Published 14 Sep, 2006 12:00am
Baghdatis survives second test in China

Baghdatis survives second test in China

Third seed Marcos Baghdatis survived a second tough test in less than 24 hours to progress to the quarter-finals of the China Open on Wednesday with a 7-6 6-4 victory over Taiwan's Wang Yeu-Tzuoo.
Published 14 Sep, 2006 12:00am
Spain reach semi-finals

Spain reach semi-finals

Spain surged into the semi-finals of the men's field hockey World Cup Championship with a 4-2 defeat of Japan inspired by a Santiago Freixa hat-trick. Kenichi Katayama opened the scoring for the Japan side, who failed to convert nine penalty corners, with
Published 14 Sep, 2006 12:00am
India's defence let them down again

India's defence let them down again

India's last place in Pool B of the men's field hockey World Cup Championship deserves some explanation though they are looking to improve at the Asian Games in Doha in six weeks.
Published 14 Sep, 2006 12:00am
Lara struggles to pick up West Indies for India clash

Lara struggles to pick up West Indies for India clash

West Indies captain Brian Lara is finding it difficult to comprehend how his team lost to Australia and is struggling to lift them for their DLF Cup clash with India on Thursday.
Published 14 Sep, 2006 12:00am
Miandad slams PCB for sacking Zaheer Abbas

Miandad slams PCB for sacking Zaheer Abbas

Former captain Javed Miandad has slammed the Pakistan Cricket Board (PCB) for removing team manager Zaheer Abbas in the wake of last month's Oval Test fiasco.
Published 14 Sep, 2006 12:00am
Ponting apologises for dissent against umpire

Ponting apologises for dissent against umpire

Australia captain Ricky Ponting has publicly apologised for showing dissent to Pakistan umpire Asad Rauf in Tuesday's one-day international against West Indies in Malaysia. A remorseful Ponting issued a statement saying he would also issue a personal apol
Published 14 Sep, 2006 12:00am
Singapore leaders launch libel suit against magazine

Singapore leaders launch libel suit against magazine

Singapore's prime minister and his father, the founding father of the city-state, have filed a defamation suit against the publisher and editor of the Far Eastern Economic Review (FEER), according to court documents.
Published 14 Sep, 2006 12:00am
EU sees new Ukraine talks starting early 2007

EU sees new Ukraine talks starting early 2007

The European Commission said on Wednesday it would launch talks early next year for a broader co-operation agreement with Ukraine, now led by a government more sympathetic to Moscow, including a possible free trade deal.
Published 14 Sep, 2006 12:00am
Swedish opposition would adjust not scrap welfare

Swedish opposition would adjust not scrap welfare

Sweden's opposition leader wants to change the country's famed - but expensive - welfare system, but to win elections on Sunday he is trying to persuade Swedes he will just fine-tune it to boost jobs, not destroy it.
Published 14 Sep, 2006 12:00am
Spain to start repatriating Senegalese again

Spain to start repatriating Senegalese again

Spain said on Wednesday it was restarting the repatriation of hundreds of illegal Senegalese migrants detained in the Spanish Canary Islands, a move which some have resisted with protests.
Published 14 Sep, 2006 12:00am
Uganda talks fraught with challenges: think-tank

Uganda talks fraught with challenges: think-tank

Peace talks with Ugandan rebels offer the best chance to end one of Africa's longest wars, but the process could collapse if fighters fail to gather at agreed assembly points, a think-tank said on Wednesday.
Published 14 Sep, 2006 12:00am
EU pressure exposes rifts in Romanian coalition

EU pressure exposes rifts in Romanian coalition

European Union pressure on Romania to pass anti-corruption laws to secure admission to the bloc has exposed deep rifts in the ruling coalition, and only the hope of joining next year seems to be holding it together.
Published 14 Sep, 2006 12:00am
Suez dredger sinking kills two

Suez dredger sinking kills two

An Egyptian dredger sank in the Suez Canal on Wednesday, killing two of the 45 crew and prompting a brief closure of the busy international waterway as rescuers searched for two others, officials said.
Published 14 Sep, 2006 12:00am
German cabinet backs 'historic' Middle East force

German cabinet backs 'historic' Middle East force

The German government approved plans on Wednesday to send up to 2,400 naval and air force troops to Lebanon, underscoring Germany's increasingly prominent role in foreign peace-keeping missions.
Published 14 Sep, 2006 12:00am
Iran won't stop supporting Hizbollah: UK minister

Iran won't stop supporting Hizbollah: UK minister

Britain has little confidence that Iran will stop providing military and financial support to Lebanon's Hizbollah guerrillas soon, if at all, a British government minister said on Wednesday. Kim Howells, foreign office minister for the Middle East, said h
Published 14 Sep, 2006 12:00am
Error led to diversion of Dubai-bound India flight

Error led to diversion of Dubai-bound India flight

A Dubai-bound Air India flight was diverted to a military airbase due to an erroneous alert issued by the Indian aviation authorities, the United Arab Emirates' state news agency WAM reported on Wednesday.
Published 14 Sep, 2006 12:00am
Nato struggles to raise reinforcements

Nato struggles to raise reinforcements

Leading European Nato members were set to tell military commanders on Wednesday they cannot provide reinforcements to help quell an insurgency in southern Afghanistan, alliance sources said.
Published 14 Sep, 2006 12:00am
Sri Lanka re-opens door to peace talks

Sri Lanka re-opens door to peace talks

The Sri Lankan government said on Wednesday it was committed to holding peace talks with Tamil Tiger rebels, provided the rebels agreed to "a comprehensive and verifiable cessation of hostilities".
Published 14 Sep, 2006 12:00am
US awards $1.35 billion for cargo screening

US awards $1.35 billion for cargo screening

The US Department of Homeland Security said on Wednesday it awarded $1.35 billion in contracts to three companies to develop a system to screen for radioactive matter that might be hidden in cargo.
Published 14 Sep, 2006 12:00am
Romania closes communist-era orphanages

Romania closes communist-era orphanages

Romania has closed almost all the communist-era orphanages that shocked the world in the 1990s with harrowing television images of half-starved children chained to beds, authorities said on Wednesday.
Published 14 Sep, 2006 12:00am
World Bank sees worst year for Palestinian economy

World Bank sees worst year for Palestinian economy

The World Bank said on Wednesday a Western aid embargo and Israeli restrictions could make 2006 the worst year in the Palestinian Authority's economic history. The international lending agency said the average Palestinian's personal income would fall by 4
Published 14 Sep, 2006 12:00am
Iraq war 'a disaster,' Middle East leaders tell Annan

Iraq war 'a disaster,' Middle East leaders tell Annan

Most Middle East leaders believe the US-led invasion of Iraq was a disaster for the region, UN Secretary-General Kofi Annan said on Wednesday. But the leaders he spoke with during a two-week visit to the Middle East were divided over whether the multinati
Published 14 Sep, 2006 12:00am
Zimbabwe police break labour union march

Zimbabwe police break labour union march

Riot police quashed labour union protests across Zimbabwe on Wednesday, beating and arresting union leaders and dozens of other protesters in a show of force by President Robert Mugabe's government.
Published 14 Sep, 2006 12:00am
EU fines 14 firms in bitumen case

EU fines 14 firms in bitumen case

Europe's top antitrust authority fined 14 companies on Wednesday a total of 266.7 million euros ($338.4 million), including a 108 million-euro penalty for Shell, for fixing prices of road surface material bitumen in the Netherlands.
Published 14 Sep, 2006 12:00am
60 bodies recovered in Iraq

60 bodies recovered in Iraq

Police recovered 60 bodies over the past day across Baghdad, most bound and tortured, officials said on Wednesday, highlighting how sectarian death squads are still plaguing the Iraqi capital despite a major security drive.
Published 14 Sep, 2006 12:00am
Muslims should buy influence in world media: OIC

Muslims should buy influence in world media: OIC

Muslim tycoons should buy stakes in global media outlets to help change anti-Muslim attitudes around the world, ministers from Islamic countries heard at a conference in Saudi Arabia on Wednesday.
Published 14 Sep, 2006 12:00am
Bonds: credit market opens tighter

Bonds: credit market opens tighter

European credit markets opened tighter on Wednesday, buoyed by stronger stocks, traders said, though credit default swaps on Scania widened after the truckmaker confirmed it was expecting a bid from German rival MAN AG.
Published 14 Sep, 2006 12:00am
Bonds: credit market opens tighter

Bonds: credit market opens tighter

European credit markets opened tighter on Wednesday, buoyed by stronger stocks, traders said, though credit default swaps on Scania widened after the truckmaker confirmed it was expecting a bid from German rival MAN AG.
Published 14 Sep, 2006 12:00am
US Stocks: Wednesday's unofficial close

US Stocks: Wednesday's unofficial close

US stocks rose on Wednesday, sending the Dow to fresh 4-month highs, as investors snapped up beaten-down energy shares such as Exxon Mobil Corp and investors bet the Federal Reserve may not have to raise interest rates any time soon.
Published 14 Sep, 2006 12:00am
Seoul shares end up

Seoul shares end up

South Korean shares on Wednesday rose for the first time this week, led by exporters such as Samsung Electronics, after falling oil prices raised optimism about global consumer demand.
Published 14 Sep, 2006 12:00am
Britain's top share index flat

Britain's top share index flat

The FTSE 100 was flat on Wednesday as a results-driven rally for retailers proved too weak to inspire a market hamstrung by beverage stocks turning ex-dividend and resource stocks stumbling through a difficult week.
Published 14 Sep, 2006 12:00am
Indian rupee gains

Indian rupee gains

The Indian rupee rose 0.2 percent on Wednesday, aided by robust capital inflows and falling oil prices which slowed demand for dollars from refiners. Traders said there was also some follow-on dollar selling by a couple of foreign banks possibly related t
Published 14 Sep, 2006 12:00am
Sterling wobbles versus dollar and euro

Sterling wobbles versus dollar and euro

Sterling wobbled against the dollar and euro on Wednesday after a weaker-than-expected rise in average earnings tempered some expectations for a Bank of England interest rate rise in November.
Published 14 Sep, 2006 12:00am
Yen gains against euro and dollar

Yen gains against euro and dollar

The yen rebounded off five-month lows versus the dollar on Wednesday, drawing support from this weekend's Group of Seven (G7) meeting, but renewed focus on carry trades could pose some risks to the Japanese currency.
Published 14 Sep, 2006 12:00am
European zinc premiums seen strong

European zinc premiums seen strong

Zinc premiums are expected to stay strong until the end of 2007 as demand for zinc-coated steel for construction and the auto sector outstrips supply of the anti-corrosive metal, analysts said.
Published 14 Sep, 2006 12:00am
Oil pulls out of nosedive on Iran, Nigeria worries

Oil pulls out of nosedive on Iran, Nigeria worries

Oil halted a run of heavy losses on Wednesday, shrugging off rising US fuel stocks as world powers differed over whether to punish Iran for its atomic work and oil workers in Nigeria began a three-day strike.
Published 14 Sep, 2006 12:00am
Rwanda planning coffee quality competitions

Rwanda planning coffee quality competitions

Rwanda's coffee authorities plan to hold regular competitions to reward farmers who produce top quality coffee, officials said on Wednesday.
Published 14 Sep, 2006 12:00am
New York cotton futures settle easier

New York cotton futures settle easier

Cotton futures settled easier Wednesday on modest speculative sales and most of the trade were waiting for leads to give the market direction on its next move, brokers said.
Published 14 Sep, 2006 12:00am
London sugar sets five-week high

London sugar sets five-week high

London sugar futures closed sharply up on Wednesday after climbing to a five-week high on fund and trade buying as the market focused on expiry of the front-month October contract on Friday.
Published 14 Sep, 2006 12:00am
Copper narrows losses

Copper narrows losses

Copper narrowed its earlier losses at the close on the London Metal Exchange (LME) on Wednesday and prices could go higher at the end of the week, analysts said. "Most of the decline is behind us short term...now we expect to see a bounce in almost all th
Published 14 Sep, 2006 12:00am
European gold off 11-week low

European gold off 11-week low

Gold bounced in European trade on Wednesday after earlier touching an 11-week low in choppy trade, but near-term pressure from weaker oil prices and technical selling would persist, analysts said.
Published 14 Sep, 2006 12:00am
US MIDDAY: cocoa advances

US MIDDAY: cocoa advances

US cocoa futures landed on positive ground Wednesday, fuelled by speculative and trade buying amid bullish technical signals on the price charts and a softer dollar, traders said.
Published 14 Sep, 2006 12:00am
US MIDDAY: coffee firmer

US MIDDAY: coffee firmer

Arabica coffee futures settled up Wednesday, with speculative buying pushing the benchmark contract to its loftiest finish so far this week, market sources said.
Published 14 Sep, 2006 12:00am
US MIDDAY: sugar at three-week peak

US MIDDAY: sugar at three-week peak

Raw sugar prices closed at a three-week high Wednesday as consumer buying combined with investment fund short-covering to stoke the market's rally and more gains are likely in the days ahead, brokers said.
Published 14 Sep, 2006 12:00am
US MIDDAY: wheat jumps

US MIDDAY: wheat jumps

Wheat futures at the Chicago Board of Trade were higher early on Wednesday, rebounding from Tuesday's sell-off on news that Egypt bought 120,000 tonnes of US wheat, traders said.
Published 14 Sep, 2006 12:00am
US MIDDAY: corn turns up

US MIDDAY: corn turns up

Corn futures at the Chicago Board of Trade turned firm early on Wednesday on short-covering after the sharp break of prices on Tuesday, traders said.
Published 14 Sep, 2006 12:00am
US MIDDAY: copper rises

US MIDDAY: copper rises

Copper futures in New York advanced at the open on Wednesday, garnering some strength from the slight rebound in the energy and precious metals prices, sources said.
Published 14 Sep, 2006 12:00am
US MIDDAY: soyabeans higher

US MIDDAY: soyabeans higher

Soyabean futures at the Chicago Board of Trade were higher at Wednesday's midsession on a technical bounce after sliding to a 1-1/2 year low this week, traders said.
Published 14 Sep, 2006 12:00am
US MIDDAY: gold struggles

US MIDDAY: gold struggles

Gold futures in New York bounced from a 12-week low but faltered at the slippery $600 an ounce level early Wednesday, as a mixture of renewed physical buying and speculative selling kept the market near unchanged, traders said.
Published 14 Sep, 2006 12:00am
NBP launches Rozgar Scheme in Attock

NBP launches Rozgar Scheme in Attock

As elsewhere in the country, the National Bank of Pakistan (NBP) has also launched "President Rozgar Scheme" in Attock district and its 14 branches working in different areas started receiving applications to dole out small business loans to young educate
Published 14 Sep, 2006 12:00am
Jail officials stealing power arrested in Multan

Jail officials stealing power arrested in Multan

Regional surveillance team of Multan Electric Power Company (Mepco) imposed fine of Rs 0.75 million on the jail authorities for power theft of 1,54,000 units.
Published 14 Sep, 2006 12:00am
Underground water level in Punjab plains lowering

Underground water level in Punjab plains lowering

The underground water level in Punjab plains has not only been reduced, but also soft water is getting sour and turning hard gradually. Sources in the Punjab agriculture department told Business Recorder that hundreds and thousands of tube-wells we
Published 14 Sep, 2006 12:00am
Strategy evolved to modernise leather garments sector: Cheema

Strategy evolved to modernise leather garments sector: Cheema

Punjab Industries, Investment and Commerce Minister Muhammad Ajmal Cheema has said that a strategy has been evolved for strengthening and modernisation of leather garments sector, enabling it to enhance its share in the global market.
Published 14 Sep, 2006 12:00am
'Record development achieved under present government'

'Record development achieved under present government'

Punjab Minister Ghulam Mohyuddin said here on Wednesday that record development had been made in various national sectors by the present government under the dynamic leadership of President General Pervez Musharraf.
Published 14 Sep, 2006 12:00am
'Efforts being made to promote non-traditional items export'

'Efforts being made to promote non-traditional items export'

Punjab Minister for Industries and Investment Muhammad Ajmal Cheema has said that special measures are being taken to promote production of non-traditional items in the province with a view to expanding exports.
Published 14 Sep, 2006 12:00am
SRO 803(1)/2006

SRO 803(1)/2006

There are still wounds of sugar, cement, steel, cartels on small traders and consumers and the above SRO is going to create one more cartel of exporters of home textiles and finished fabrics as only in-house dyeing and printing would be eligible for R&D a
Published 14 Sep, 2006 12:00am
A good campaign

A good campaign

The rain havoc has thrown out the artificial make-up of Karachi and exposed the antiquated system of the city. After this mayhem, launching a campaign to grow more trees in the city by the city government would be highly appreciated.
Published 14 Sep, 2006 12:00am
Definition of terror

Definition of terror

"Some 11,000 terrorist attacks were carried out in the world last year, killing more than 14,600 people as against 651 attacks in 2004 that killed 1,907. Last year's figures are sharply higher due to the use of a new broader definition of terrorism": US r
Published 14 Sep, 2006 12:00am
Corporate governance: family owned business needs a solid footing

Corporate governance: family owned business needs a solid footing

.Initiated by an entrepreneurial vigour, a Family Owned Business (FOB) finds its founder as the only embodiment of governing paradigm. However, it engages the siblings as its operations stretch beyond the capacity and capability of the founder-entrepreneu
Published 14 Sep, 2006 12:00am
Why the role of agricultural extension needs to be re-addressed

Why the role of agricultural extension needs to be re-addressed

Pakistan's economy has undergone considerable diversification over the years, yet the agricultural sector is still the largest sector of the economy. With its present contribution to GDP at 22 percent it accounts for 44.8 percent of the total employed lab
Published 14 Sep, 2006 12:00am
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