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Nov 16, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2004-12-05
PSA to buy 57 percent of Hung Kai terminal

PSA to buy 57 percent of Hung Kai terminal

Singapore's state-owned PSA said on Tuesday it would buy 57 percent of Hong Kong's Asia Container Terminals, a deal reportedly valued at $333 million that gives Singapore a toehold in the world's busiest container port. PSA International Pte. Ltd said it
Published 05 Dec, 2004 12:00am
Asian freight rates jump on Chinese demand

Asian freight rates jump on Chinese demand

Panamax dry bulk rates rose this week to stand more than a third above their levels a year ago, driven by voracious demand in China and across Asia for iron ore and grains before Christmas, brokers said on Tuesday. Modern panamax rates for the benchmark r
Published 05 Dec, 2004 12:00am
Singapore October bunker sales seen up

Singapore October bunker sales seen up

Singapore bunker fuel sales volume for October remained above 2 million tonnes, despite high outright prices during the month, according to figures released by the Maritime Port Authority on Friday. The total volume of marine fuel - including the benchmar
Published 05 Dec, 2004 12:00am
Santos port moves 6 million tons of goods

Santos port moves 6 million tons of goods

Brazil's main port of Santos moved 6.0 million tonnes of goods in October, up 11 percent from a year ago and a record for the month, with sugar and soyameal leading the way, the Port Authority said on Wednesday. Exports were up 12 percent and imports up 9
Published 05 Dec, 2004 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 71,918 tonnes of cargo including 57,498 tonnes import and 14,420 tonnes export cargo during last 24 hours ending at 0700 hours on Saturday. The cargo comprised of 40,869 tonnes dry and 31,049 tonnes liquid cargo. Seven ships namel
Published 05 Dec, 2004 12:00am
Guatemala coffee exports slide

Guatemala coffee exports slide

Guatemala coffee exports were down 8.6 percent in November despite a recent rally in world prices for the beans. The Central American country exported 99,762 60-kg bags last month, compared to 109,125 bags in the same month last year, coffee growers assoc
Published 05 Dec, 2004 12:00am
FOB Gulf soya firm and corn steady

FOB Gulf soya firm and corn steady

US Gulf FOB corn basis offers were mostly steady on Friday, while soyabeans were firmer on slow farmer selling and talk of fresh export sales. Traders said soft red winter wheat basis offers were weaker while hard wheat was steady, but prices for both wer
Published 05 Dec, 2004 12:00am
Oil cake market rates

Oil cake market rates

Sliding trend was seen on the forward cottonseed oilcake market on Saturday as the needy buyers jumped the market and bought their requirements, dealers said. The December vaida commenced with 20 paisa gain at Rs 404.00 and that proved to be day's highest
Published 05 Dec, 2004 12:00am
Slight fall in cotton prices after PCGA arrivals report

Slight fall in cotton prices after PCGA arrivals report

Thin trading was seen on the cotton market on Saturday after the issuance of Pakistan Cotton Ginners Association (PCGA) data, dealers said. The PCGA report showed better-than-expected cotton production figures, and this factor might push the prices furthe
Published 05 Dec, 2004 12:00am
Danish grain prices down

Danish grain prices down

Danish grain prices slid slightly this week as farmers held back stocks in the hope that prices would rise and the European Union would restart wheat export subsidies. Danish feed wheat was quoted at 110-111 euros per tonne fob December delivery, while mi
Published 05 Dec, 2004 12:00am
Milk powder mixed on Jodia Bazar

Milk powder mixed on Jodia Bazar

Trading on milk powder sector moved both ways here on Jodia Bazar on Saturday. The following changes were seen in the milk powder Germany skimmed down Rs 150 to Rs 4900, Mix Me was quoted at Rs 4100, in sweetened side King up Rs 40 to Rs 1600, Gold Coin u
Published 05 Dec, 2004 12:00am
Subdued trading on grain market

Subdued trading on grain market

Subdued activity was seen on the weekend session on the local grain market as chief buyers kept to the sidelines, dealers said. Just a few changes were witnessed on the cereals side, where wheat Mexipak (old) lost Rs 10 to Rs 1240 and new lost the same am
Published 05 Dec, 2004 12:00am
WCE canola sees pressure from farmer hedges, funds

WCE canola sees pressure from farmer hedges, funds

Winnipeg Commodity Exchange canola futures settled steady to lower on Friday after pressure from farmer and fund selling, but the market found support at contract lows set on Thursday, traders said. Canola ended 10 cents per tonne higher to $1.50 lower, w
Published 05 Dec, 2004 12:00am
Ukraine crisis seen slowing Black Sea grain exports

Ukraine crisis seen slowing Black Sea grain exports

The crisis over the disputed presidential election in Ukraine may seriously complicate grain exports by Russia as well as Kazakhstan, another key supplier, traders and analysts said on Friday. They said the signing of new contracts has all but come to a h
Published 05 Dec, 2004 12:00am
Canadian wheat board denies rumuor of cancelled sales

Canadian wheat board denies rumuor of cancelled sales

China has not cancelled purchases of Canadian wheat because of concerns about poor quality supplies, a Canadian Wheat Board spokeswoman said on Friday, denying a rumour circulating in US wheat markets. CWB spokeswoman Louise Waldman said the rumour was no
Published 05 Dec, 2004 12:00am
USDA to donate 200,000 tonnes wheat to Sudan

USDA to donate 200,000 tonnes wheat to Sudan

The United States will donate 200,000 tonnes of wheat from a federally-owned grain reserve to Sudan to relieve severe food shortages there, the US Department of Agriculture said on Friday. USDA said the wheat, to be taken from the Bill Emerson Humanitaria
Published 05 Dec, 2004 12:00am
Soyabeans close higher on short covering

Soyabeans close higher on short covering

Soybean futures at the Chicago Board of Trade closed higher on Friday as traders covered short positions before the weekend. The market was due for a bounce after closing lower the past six sessions, traders said. There was also talk of fresh buying inter
Published 05 Dec, 2004 12:00am
Malaysia tin down

Malaysia tin down

Malaysian tin ended 0.3 percent down on Friday to close the week without any gains after tracking a bearish London market. Spot tin on the Kuala Lumpur Tin Market (KLTM) settled at $8,835 a tonne, down $30 from Thursday. It had fallen a total of $114, or
Published 05 Dec, 2004 12:00am
New York sugar settles easier, seen drifting

New York sugar settles easier, seen drifting

Raw sugar futures finished fractionally softer on Friday in dull business featuring small speculators, with the market tipped to remain range-bound due to a dearth of news next week, brokers said. The New York Board of Trade's key March raw sugar contract
Published 05 Dec, 2004 12:00am
New York gold up as euro scales record peak

New York gold up as euro scales record peak

US gold futures rallied on Friday, closing just shy of Thursday's 16-year high, as the market tracked the euro's jump to a record high against the dollar, traders and analysts said. The euro hit an all-time high at $1.3458, extending the dollar's slip aft
Published 05 Dec, 2004 12:00am
Comex copper reverses

Comex copper reverses

Comex copper futures settled higher on Friday, rebounding from earlier weakness as local and trade short-covering lifted prices later in the day with a weak dollar lending support, brokers said. "I think we went down on the currencies yesterday and we had
Published 05 Dec, 2004 12:00am
Oil prices plummet in world markets as US stockpiles grow

Oil prices plummet in world markets as US stockpiles grow

World oil prices nose-dived last week as speculators bailed out of the market on news of rising US petroleum stockpiles. Gold hit 16-year highs and silver eight-month peaks as the dollar continued on its losing streak. The Commodities Research Bureau's in
Published 05 Dec, 2004 12:00am
Venezuela sells $500 million of Global 2034 bond

Venezuela sells $500 million of Global 2034 bond

Venezuela on Friday sold $500 million of its reopened Global 2034 Bond with demand high for the nation's latest dollar-denominated issue, Finance Minister Tobias Nobrega said. The minister had said earlier this week that demand for the 30-year bond with a
Published 05 Dec, 2004 12:00am
Venezuela sells $500 million of Global 2034 bond

Venezuela sells $500 million of Global 2034 bond

Venezuela on Friday sold $500 million of its reopened Global 2034 Bond with demand high for the nation's latest dollar-denominated issue, Finance Minister Tobias Nobrega said. The minister had said earlier this week that demand for the 30-year bond with a
Published 05 Dec, 2004 12:00am
Chile stocks fall

Chile stocks fall

Chile stocks fell slightly on Friday in a high-volume session marked by profit taking in companies with recent gains, while the peso closed at a nine-month high shadowing the euro's gains against the US dollar. The IPSA blue chip index slipped 0.07 percen
Published 05 Dec, 2004 12:00am
Brazil stocks finish at record high

Brazil stocks finish at record high

Brazil's main stock index was lifted to a record high close by optimism in the local economy on Friday, while the reopening of a Brazilian bond helped drive the country's currency to a fresh 2-1/2-year high against the dollar. Traders said weaker-than-exp
Published 05 Dec, 2004 12:00am
Oils and telecoms lift Toronto stocks to higher close

Oils and telecoms lift Toronto stocks to higher close

Toronto stocks ended the week on a positive note on Friday, helped by a jump in telecoms issues after the pricing of the sale of US phone giant Verizon's stake in Telus Corp, and by a rebound in energy shares. The Toronto Stock Exchange's S&P/TSX composit
Published 05 Dec, 2004 12:00am
IPO view: Rising energy costs may fuel IPOs

IPO view: Rising energy costs may fuel IPOs

With the cold winter months setting in and overseas manufacturers continuing to drive the price of power higher, initial public offerings from two energy companies next week seem fortuitously timed. Coal miner Foundation Coal Holdings Inc and oil and gas
Published 05 Dec, 2004 12:00am
Argentinean stocks up

Argentinean stocks up

Argentine stocks rebounded in thin and cautious trade on Friday after tumbling the previous day on rumours that Economy Minister Roberto Lavagna would leave the government. The MerVal index of 11 leading shares rose 2.1 percent to close at 1,218.75, makin
Published 05 Dec, 2004 12:00am
Brazilian bond prices soar on US jobs data

Brazilian bond prices soar on US jobs data

Brazilian bond prices soared on Friday following the release of weaker-than-expected US payrolls data that calmed fears of any sudden interest rate hikes by the Federal Reserve. A surprisingly soft 112,000 new US jobs were created in November, the Labour
Published 05 Dec, 2004 12:00am
Brazilian bond prices soar on US jobs data

Brazilian bond prices soar on US jobs data

Brazilian bond prices soared on Friday following the release of weaker-than-expected US payrolls data that calmed fears of any sudden interest rate hikes by the Federal Reserve. A surprisingly soft 112,000 new US jobs were created in November, the Labour
Published 05 Dec, 2004 12:00am
US corporate bonds spread slightly changed

US corporate bonds spread slightly changed

US corporate bond spreads were little changed in quiet trading on Friday though traders said the tone was firm with continued interest in the sector. Most of the action was centered on the Treasury market after a weaker-than-expected jobs report, but trad
Published 05 Dec, 2004 12:00am
US corporate bonds spread slightly changed

US corporate bonds spread slightly changed

US corporate bond spreads were little changed in quiet trading on Friday though traders said the tone was firm with continued interest in the sector. Most of the action was centered on the Treasury market after a weaker-than-expected jobs report, but trad
Published 05 Dec, 2004 12:00am
US Treasuries rally, soft jobs soothe rate hike fears

US Treasuries rally, soft jobs soothe rate hike fears

US Treasury debt prices soared on Friday after the latest employment figures suggested US job creation continues to lag, soothing worries the Federal Reserve might raise interest rates more aggressively. US non-farm payrolls rose just 112,000 in November
Published 05 Dec, 2004 12:00am
US Treasuries rally, soft jobs soothe rate hike fears

US Treasuries rally, soft jobs soothe rate hike fears

US Treasury debt prices soared on Friday after the latest employment figures suggested US job creation continues to lag, soothing worries the Federal Reserve might raise interest rates more aggressively. US non-farm payrolls rose just 112,000 in November
Published 05 Dec, 2004 12:00am
Canadian bonds jump

Canadian bonds jump

Canadian bond prices leapt on Friday on weak November jobs growth in both Canada and the United States that cemented expectations that the Bank of Canada will not raise interest rates next week. Prices rose after Statistics Canada said the economy created
Published 05 Dec, 2004 12:00am
Canadian bonds jump

Canadian bonds jump

Canadian bond prices leapt on Friday on weak November jobs growth in both Canada and the United States that cemented expectations that the Bank of Canada will not raise interest rates next week. Prices rose after Statistics Canada said the economy created
Published 05 Dec, 2004 12:00am
Mexican stocks resume rise after brief pause

Mexican stocks resume rise after brief pause

Mexican stocks on Friday resumed their rise driven by gains in cellphone operator America Movil and steel maker Hylsamex as the peso firmed on the back of a weak dollar. The IPC benchmark index of Mexico's largest companies rose 0.38 percent to 12,162 poi
Published 05 Dec, 2004 12:00am
US stocks end firmer, Intel offsets jobs data

US stocks end firmer, Intel offsets jobs data

US stocks ended slightly higher on Friday, helped by strength in technology after bellwether Intel Corp lifted its sales forecast, although a weak jobs report put a damper on Wall Street. Although Friday's gains were small, they were enough to drive the D
Published 05 Dec, 2004 12:00am
US SEC chief still in White House economic line-up

US SEC chief still in White House economic line-up

The White House is picking a new economic policy team, but US Securities and Exchange Commission Chairman William Donaldson does not appear to be heading for the sidelines. In a shift from widely held pre-election views, the former investment banker now l
Published 05 Dec, 2004 12:00am
Indian to log 7.5 percent GDP growth annually, says Manmohan

Indian to log 7.5 percent GDP growth annually, says Manmohan

Prime Minister Manmohan Singh said on Saturday he expected India to log 7.5 percent GDP growth annually over the next decade, as the country entered a new phase of economic expansion. Singh, who launched wide-ranging economic reforms 14 years ago, promise
Published 05 Dec, 2004 12:00am
Citigroup committed to asset management

Citigroup committed to asset management

Citigroup Inc, the world's largest financial services company, said it remains committed to asset management, rejecting a published report it might dispose of that business, among other options, according to a memo dated Friday and obtained by Reuters. "W
Published 05 Dec, 2004 12:00am
Mitsubishi and Nissan in joint car venture

Mitsubishi and Nissan in joint car venture

Ailing Japanese auto-maker Mitsubishi Motors Corp has reached a basic agreement with Nissan Motor Co to form a joint venture for mini-vehicle production, a Japanese newspaper said on Saturday. The two automakers will establish a joint company with capital
Published 05 Dec, 2004 12:00am
Dollar fall could hurt world economy: Schroeder

Dollar fall could hurt world economy: Schroeder

German Chancellor Gerhard Schroeder said US, European and Asian economies would remain on a strong recovery track in 2005, but growth could be hurt by a sharp fall in the dollar, a Japanese newspaper said on Saturday. The dollar's recent decline has been
Published 05 Dec, 2004 12:00am
Falling dollar boosts international funds

Falling dollar boosts international funds

International and emerging market equity funds tracked by Emerging Portfolio Fund Research (EPFR) saw stronger inflows in November, helped by the decline of the dollar, EPFR said in a statement on Friday. EPFR said flows in November into international equ
Published 05 Dec, 2004 12:00am
Falling dollar boosts international funds

Falling dollar boosts international funds

International and emerging market equity funds tracked by Emerging Portfolio Fund Research (EPFR) saw stronger inflows in November, helped by the decline of the dollar, EPFR said in a statement on Friday. EPFR said flows in November into international equ
Published 05 Dec, 2004 12:00am
France's newspapers drift deeper into crisis

France's newspapers drift deeper into crisis

France's newspaper industry sank deeper into crisis this week after two of its top dailies stepped up rescue talks with investors, leaving observers sceptical about the likelihood of an imminent recovery. Even though the French take great pride in the wri
Published 05 Dec, 2004 12:00am
Boeing names Carson as plane sales chief

Boeing names Carson as plane sales chief

Boeing Co on Friday named Scott Carson as its new head of commercial airplane sales, replacing Toby Bright. The move follows a run of costly sales losses to Europe's Airbus. Carson, 58, was previously president of Boeing's Connexion unit, which sells high
Published 05 Dec, 2004 12:00am
Halliburton to be cleared from asbestos liability

Halliburton to be cleared from asbestos liability

Halliburton Company late Friday said a federal court had signed an order that would end the company's asbestos liability later this month, clearing another hurdle for two of its subsidiaries to emerge from bankruptcy. The Halliburton subsidiaries, Kellogg
Published 05 Dec, 2004 12:00am
Saudi women welcome in aviation but under Islamic law: minister

Saudi women welcome in aviation but under Islamic law: minister

Saudi women can be trained to replace foreign female crew members working for the kingdom's national airline, provided Islamic law is respected, Saudi Arabia's defense minister was quoted as saying Saturday. "It is vital to replace foreign women with Saud
Published 05 Dec, 2004 12:00am
Russia invites Yukos unit bids, India interested

Russia invites Yukos unit bids, India interested

Russia said on Saturday it would welcome more offers for the assets of oil major Yukos as the only declared bidder, Gazprom, inked a co-operation deal with India's state-run ONGC oil firm. Russia is putting Yukos's core unit, Yuganskneftegaz, on the block
Published 05 Dec, 2004 12:00am
Foreign papers can be printed in China, circulation forbid

Foreign papers can be printed in China, circulation forbid

Foreign newspapers have been given the green light to print in China but they will not be allowed to circulate on the domestic market, state press reported Saturday. "Foreign newspapers can be printed in China, but all should be exported," Zhu Weifeng, an
Published 05 Dec, 2004 12:00am
ADB approves $80 million loan for Bangladesh

ADB approves $80 million loan for Bangladesh

The Asian Development Bank (ADB) said it has approved an $80 million loan to help protect nine Bangladesh urban areas from devastating floods. The project covers urban zones that are prone to river flooding, river erosion, waterlogging and flash floods, t
Published 05 Dec, 2004 12:00am
Iran repeats call for Opec to rein in to quotas

Iran repeats call for Opec to rein in to quotas

Iran on Saturday reiterated its call for Opec to pull supply back down to official quota levels and mapped out a way to fund a long-promised production hike, a newspaper reported. Iran's Opec Governor Hossein Kazempour Ardebili had told Reuters on Monday
Published 05 Dec, 2004 12:00am
US experts to examine filtering Internet songs

US experts to examine filtering Internet songs

US technical experts will fly to Australia to examine whether song files swapped by users of Kazaa, the world's most popular Internet file-swapping system, can be filtered, a judge hearing a copyright case has ruled. The experts were due to arrive in Sydn
Published 05 Dec, 2004 12:00am
US Treasury report finds no forex manipulation

US Treasury report finds no forex manipulation

None of the United States' major trading partners manipulated their currencies to gain economic advantage in the first half of 2004, the US Treasury Department said in a report released on Friday. In its semi-annual report to Congress on international eco
Published 05 Dec, 2004 12:00am
IMM speculators trim net long euro positions: CFTC

IMM speculators trim net long euro positions: CFTC

Currency speculators in the Chicago futures market in the week ended November 30 trimmed back net long euro positions since the prior week, International Monetary Market data from the Commodity Futures Trading Commission showed on Friday. "Long" positions
Published 05 Dec, 2004 12:00am
Canadian dealers reverse views, see no interest rate rise

Canadian dealers reverse views, see no interest rate rise

In a sharp turnaround from just last week, Canada's primary bond dealers now unanimously predict the Bank of Canada will leave its key overnight interest rate unchanged next week, according to a Reuters survey on Friday. All of Canada's 12 primary dealers
Published 05 Dec, 2004 12:00am
Germany in contact with G7/G8 over forex: sources

Germany in contact with G7/G8 over forex: sources

Berlin is in constant contact with its partners in the Group of Eight richest nations over currency issues, German government sources said on Friday ahead of Chancellor Gerhard Schroeder's trip to China and Japan. Greater room for Asian currencies to fluc
Published 05 Dec, 2004 12:00am
Chinese scholars divided on yuan revaluation

Chinese scholars divided on yuan revaluation

The time is not right to reform China's currency regime and pressure on the yuan can be eased by means other than a revaluation, a Chinese researcher said in a commentary published on Saturday. The column by Yi Xianrong, a scholar at the Chinese Academy o
Published 05 Dec, 2004 12:00am
John Snow won't discuss forex intervention

John Snow won't discuss forex intervention

US Treasury Secretary John Snow on Friday said any discussion about whether he stays in his post or leaves was a matter between himself and President George W. Bush. "Let me say first of all, it's been, it is, an honour to serve in this administration, to
Published 05 Dec, 2004 12:00am
Indian foreign exchange reserves up

Indian foreign exchange reserves up

India's foreign exchange reserves rose to a record $126.923 billion on November 26 from $125.098 billion a week earlier, the Reserve Bank of India said in its weekly statistical supplement on Saturday. The central bank said foreign currency assets express
Published 05 Dec, 2004 12:00am
Suspected bomb-maker killed in blast

Suspected bomb-maker killed in blast

A suspected Taleban militant was killed and two others injured when a bomb they were making exploded in southern Afghanistan, officials said Saturday. Another suspect was also arrested unharmed and grenades, explosives, wires and remote-control devices we
Published 05 Dec, 2004 12:00am
Bones suggest women went to war in ancient Iran

Bones suggest women went to war in ancient Iran

These days Iranian women are not even allowed to watch men compete on the football field, but 2,000 years ago they could have been carving the boys to pieces on the battlefield. DNA tests on the 2,000-year-old bones of a sword-wielding Iranian warrior hav
Published 05 Dec, 2004 12:00am
UN journalists award more than $30,000 in prizes

UN journalists award more than $30,000 in prizes

The UN Correspondents Association chose the Wall Street Journal, independent filmmaker Theodore Folke and the British Broadcasting Corporation for its top journalism prizes on Friday. Each of the UNCA's first prize winners for print journalism, broadcast
Published 05 Dec, 2004 12:00am
Rumsfeld to stay as US defence secretary

Rumsfeld to stay as US defence secretary

Donald Rumsfeld is to stay on as US defence secretary, surviving the overhaul of President George W. Bush's cabinet after his election victory, a senior US official said Friday. The official said Rumsfeld, 72, was staying at the request of Bush as the Uni
Published 05 Dec, 2004 12:00am
ElBaradei denies collaboration charges with Iran

ElBaradei denies collaboration charges with Iran

UN nuclear chief Mohamed ElBaradei angrily denied Saturday charges he had collaborated with Iran ahead of publishing written reports on his investigation of the Islamic Republic's controversial nuclear programme. "We never show a report to any single memb
Published 05 Dec, 2004 12:00am
'Imperialists' will not monitor polls: Mugabe

'Imperialists' will not monitor polls: Mugabe

President Robert Mugabe said his government will not invite "imperialist" nations to monitor Zimbabwe's parliamentary elections scheduled for March, state media reported on Saturday. Mugabe has been accused by the opposition and mostly Western countries o
Published 05 Dec, 2004 12:00am
Japan drafting tighter anti-terror steps

Japan drafting tighter anti-terror steps

Japan is considering steps to allow authorities to fingerprint and photograph foreigners entering the country and to permit the deportation of suspected terrorists, a Japanese daily said on Saturday. The proposals were included in a draft outline of secur
Published 05 Dec, 2004 12:00am
Russia reassures India on UNSC bid

Russia reassures India on UNSC bid

Russia said on Saturday India should become a veto-wielding permanent member of the United Nations Security Council if the UN's top decision-making body is enlarged to reflect post-Cold War realities. President Vladimir Putin gave the assurance after Indi
Published 05 Dec, 2004 12:00am
Bush pushes Congress to pass intelligence overhaul

Bush pushes Congress to pass intelligence overhaul

President George W. Bush on Saturday stepped up pressure on Congress to approve an overhaul of the nation's intelligence operations, just two days before lawmakers return to try again to pass the reforms. "We must do everything necessary to confront and d
Published 05 Dec, 2004 12:00am
German police raid al-Aqsa premises

German police raid al-Aqsa premises

German police raided premises of the banned al-Aqsa charity across the country on Friday night, after a German court upheld a ban on the group, the German Interior Ministry said on Saturday. Police searched 34 premises in the capital, Berlin, the north-we
Published 05 Dec, 2004 12:00am
Protester attacks British MP

Protester attacks British MP

A prominent British politician who lost his television show after making controversial remarks about Arabs was showered in slurry by a protester who said he was acting in the name of Islam, the BBC reported on Saturday. The attack occurred when Robert Kil
Published 05 Dec, 2004 12:00am
134 nations give up capital punishment

134 nations give up capital punishment

A total of 134 countries have given up capital punishment, 10 more than had done so at the start of 2003, a campaigner against capital punishment reported on Friday. Of the total, 81 have abolished the death penalty completely, 14 have abolished it for or
Published 05 Dec, 2004 12:00am
Nato steps up Kabul patrols

Nato steps up Kabul patrols

Nato-led peacekeepers said on Saturday they had stepped up ground and air patrols to prevent rocket attacks in the Afghan capital before next Tuesday's presidential inauguration, which could be a target of militants. President Hamid Karzai's swearing-in a
Published 05 Dec, 2004 12:00am
US rejects Putin 'dictatorship' charge

US rejects Putin 'dictatorship' charge

The White House on Saturday rejected Russian President Vladimir Putin's charge that a US "dictatorship" in world affairs was making problems like terrorism and drug trafficking worse. US President George W. Bush "believes the world must work together in a
Published 05 Dec, 2004 12:00am
Yanukovich joins re-run; parliament wrangle

Yanukovich joins re-run; parliament wrangle

Ukrainian Prime Minister Viktor Yanukovich said defiantly on Saturday he would take on opposition leader Viktor Yushchenko in a new election battle, a day after a court stripped him of his title of president-elect. Allegations of electoral fraud by suppor
Published 05 Dec, 2004 12:00am
World architectural forum from December 10

World architectural forum from December 10

The institute of Architects Pakistan (IAP) is holding a two-day international architectural forum titled "My architects- our architects" on December 10 and 11 here. Eminent international architects will discuss their architectural philosophy and present t
Published 05 Dec, 2004 12:00am
Conference on 'Private Media in Pakistan'

Conference on 'Private Media in Pakistan'

Friedrich Naumann Foundation (FNF) Pakistan will hold a two-day conference on 'Private Media in Pakistan' on December 6 and 7 at a local hotel here. Experts and media professionals from Germany, South Asia and Pakistan will deliberate on various aspects o
Published 05 Dec, 2004 12:00am
Wheat herbicides list to be expanded

Wheat herbicides list to be expanded

The government has decided to expand the list of wheat herbicides from eight to 29 under generic scheme by importing it in formulated forms or active ingredients for formulation by the registered firms. These firms should have the formulation plants and f
Published 05 Dec, 2004 12:00am
Prime Minister condoles with Arbab over cousin's death

Prime Minister condoles with Arbab over cousin's death

Prime Minister Shaukat Aziz on Saturday visited the Chief Minister House and offered condolences to Chief Minister Dr Arbab Ghulam Rahim on the sad demise of his cousin Arbab Mir Mohammed. Arbab Zakaullah MNA, son of late Arbab Mir Mohammed was also prese
Published 05 Dec, 2004 12:00am
KBCA officials manhandled in Nazimabad

KBCA officials manhandled in Nazimabad

The officials of Karachi Building Control Authority (KBCA) were manhandled by armed persons in North Nazimabad when they reached to raze an illegal construction on Saturday. The armed persons also posed threats of dire consequences in case of demolition o
Published 05 Dec, 2004 12:00am
Picic launches vision 2008

Picic launches vision 2008

Pakistan Industrial Credit and Investment Corporation (Picic) has launched its new vision 2008 to bring in more financial services including insurance, asset management in its fold. According to Picic here on Saturday, this was stated by Managing Director
Published 05 Dec, 2004 12:00am
17 countries attend fire and security exhibition

17 countries attend fire and security exhibition

The first co-located exhibition of Building and Construction Material, and Fire and Security equipment and technology concluded here on Friday. More than 93 companies from 17 countries participated in the exhibition, which was attended by a large number o
Published 05 Dec, 2004 12:00am
Big reservoirs construction termed vital to eliminate shortage

Big reservoirs construction termed vital to eliminate shortage

Construction of big water reservoirs is necessary to eliminate water shortage problem from the country, said Wapda Member Water Muhammad Amin. Speaking in a PTV programme he said immediate steps would have to be taken in that regard in order to secure ava
Published 05 Dec, 2004 12:00am
NWFP government to spread education network: chief minister

NWFP government to spread education network: chief minister

NWFP Chief Minister Akram Khan Durrani has said that quality education is key to development, therefore, the MMA government is going with the focus approach to spread the network of education at all corners of the province. "To achieve this goal, there is
Published 05 Dec, 2004 12:00am
ZTBL advances over Rs 636 million loans in Sialkot and Narowal

ZTBL advances over Rs 636 million loans in Sialkot and Narowal

Zarai Taraqiati Bank Limited (ZTBL) has advanced loans amounting to Rs 636.265 million during the current fiscal year among the small growers and farmers while recovered its outstanding dues amounting to Rs 1056.628 million from the habitual defaulters in
Published 05 Dec, 2004 12:00am
APMIA office-bearers elected

APMIA office-bearers elected

Sindh-Balochistan Zone Executive Member Sana Ullah Khan has been elected as Chairman of All Pakistan Marble Industries Association (APMIA) for 2004-05. The annual elections of the association were held on November 28 in a local hotel, a press release issu
Published 05 Dec, 2004 12:00am
Eulogy Day on December 11

Eulogy Day on December 11

The Pak-Emirates organising committee will observe "Eulogy Day" in the memory of Sheikh Zayed Bin Sultan Al-Nahyan (Late) on December 11 at the auditorium of Sheikh Zayad International School here in Islamabad.
Published 05 Dec, 2004 12:00am
German team briefed about police reforms

German team briefed about police reforms

A high level German police delegation here on Saturday called on Director General, National Police Bureau (NPB), Islamabad Muhammad Shoaib Suddle. The German police delegation comprises BKA (Federal Criminal Police) Vice President Dr Bernhard FALK, Guerge
Published 05 Dec, 2004 12:00am
75 percent wheat sowing completed in Sialkot district

75 percent wheat sowing completed in Sialkot district

Almost 75 percent wheat sowing has been completed under "Grow More Wheat" campaign in all parts of Sialkot district. The wheat sowing is at its peak in all three Sialkot, Daska, and Pasrur tehsils aimed at attaining maximum production of the crop in the d
Published 05 Dec, 2004 12:00am
Why not SAARC?

Why not SAARC?

The visit of prime the minister to the SAARC countries will definitely bring good to the region. it is very important that this organisation should perform at its level best. Member countries need to co-operate more ,resolve all political issues aided by
Published 05 Dec, 2004 12:00am
Soft traditional drinks

Soft traditional drinks

TV channels are nowadays airing an ad eulogising and promoting the so-called " benefits" of soft drinks and degrading our indigenous drinks. In the given ad, the drinkers of Lal Sharbat and tea are shown as obese and ill-mannered whereas soft drinks user
Published 05 Dec, 2004 12:00am
Asia-Oceania moot

Asia-Oceania moot

I attended a seminar of the Asia Oceania Tax Consultant's Association, jointly hosted by the All Pakistan Bar Association in collaboration with the Income Tax Bar Association, Karachi. Several delegates from overseas attended the seminar. I attended the s
Published 05 Dec, 2004 12:00am
Yanukovich's hometown gives native son silent support

Yanukovich's hometown gives native son silent support

An ancient truck filled with earth and smouldering sulphur rumbles past, its simmering load releasing a noxious smoke trail which plays accompaniment to the belching chimneys of a giant steel mill nearby. This crumbling industrial wasteland is the hometow
Published 05 Dec, 2004 12:00am
Internal auditing - adding any values or a burden?

Internal auditing - adding any values or a burden?

The Institute of Internal Auditors, USA (IIA) defines internal auditing as "an independent, objective assurance and consulting activity designed to add value and improve an organisation's operations. It helps an organisation accomplish its objectives by b
Published 05 Dec, 2004 12:00am
War against AIDS

War against AIDS

It is somewhat heartening to note that the World AIDS Day, breaking away from the traditional mundane manner, was marked with unprecedented enthusiasm. This may be attributed, among other factors, to the highly shocking revelations made in a UN report. Co
Published 05 Dec, 2004 12:00am
Journey of exploration to Latin America

Journey of exploration to Latin America

Meeting immediately after arrival in Brasilia, on the first leg of his journey to Latin America, President Pervez Musharraf and Brazilian President Luiz Inacio Lula da Silva, affirmed their mutual desire to develop close economic, political and diplomatic
Published 05 Dec, 2004 12:00am
Jones says she'll sue Conte over drug cheat allegations

Jones says she'll sue Conte over drug cheat allegations

US sprint queen Marion Jones says she'll sue accused steroid peddler Victor Conte over his allegations that she received banned drugs before winning five medals at the Sydney Olympics "Victor Contes allegations about me are not true, and the truth will co
Published 05 Dec, 2004 12:00am
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