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Print - 2005-01-12
Jakarta shares weaken

Jakarta shares weaken

Indonesian share prices closed 0.37 percent lower on Tuesday on continued profit-taking in blue chip stocks, while second-liners attracted some interest, dealers said. They said some foreign investors continued to take profits in three market heavyweights
Published 12 Jan, 2005 12:00am
Seoul shares end higher, banks rise after KFB deal

Seoul shares end higher, banks rise after KFB deal

Seoul shares closed up on Tuesday, led by sharp gains at LG.Philips LCD, and as banks rose amid optimism the sale of Korea First Bank to Standard Chartered would improve the stability of the banking sector. The benchmark Korea Composite Stock Price Index
Published 12 Jan, 2005 12:00am
Singapore shares jump

Singapore shares jump

Singapore share prices closed 0.12 percent higher on Tuesday as investors locked-in profits from recent gains, dealers said. They said market sentiment was cautious and was manifested in trading interest which was mostly confined to smaller companies. The
Published 12 Jan, 2005 12:00am
Thai shares plunge

Thai shares plunge

Thai share prices closed 0.58 percent lower on Tuesday in moderately heavy trade as foreign investors took profits in large capitalisation stocks, dealers said. They warned that the market decline may have further to go as downward pressure from profit-ta
Published 12 Jan, 2005 12:00am
Philippines shares end slightly firmer

Philippines shares end slightly firmer

Philippine share prices closed 0.29 percent higher on Tuesday after better-than-expected November export figures and a steadier performance overnight on Wall Street, dealers said. They said investors remained very selective, focusing mainly on a few secon
Published 12 Jan, 2005 12:00am
Nikkei rises nearly one percent, tech stocks lead

Nikkei rises nearly one percent, tech stocks lead

Tokyo's Nikkei average rose nearly 1 percent on Tuesday to a six-month closing high, lifted by gains in tech stocks such as Nikon Corp after the US Nasdaq Composite Index snapped a six-session losing streak. Kirin Brewery Co helped lead advances after rai
Published 12 Jan, 2005 12:00am
Sri Lankan stocks flat

Sri Lankan stocks flat

Sri Lankan stocksended flat on Tuesday as retail and foreign investors took profits after recent gains by select shares on the Colombo bourse, brokers said. The key Colombo all-share index fell a provisional 0.35 percent, or 5.50 points, to 1,562.61 point
Published 12 Jan, 2005 12:00am
Hong Kong dollar falls

Hong Kong dollar falls

The Hong Kong dollar pared early gains and ended lower against the US currency on Tuesday afternoon as further weakness for local stocks exacerbated fears of further fund outflows from the territory. The blue chip Hang Seng Index closed 0.16 percent lower
Published 12 Jan, 2005 12:00am
Chinese yuan ends weaker

Chinese yuan ends weaker

The yuan ended one notch weaker at 8.2765 per US dollar on Tuesday, near the stronger end of its managed trading range. The one-year non-deliverable dollar forward discount versus the yuan was at 4,000 points, implying a rate of 7.878 yuan per dollar in 1
Published 12 Jan, 2005 12:00am
Swiss franc firms ahead of US trade data

Swiss franc firms ahead of US trade data

The Swiss franc firmed slightly against the dollar in early trade on Tuesday, as traders awaited US trade deficit figures, scheduled for release on Wednesday, to decide whether to keep buying into the US currency. The dollar last changed hands at 1.1774/7
Published 12 Jan, 2005 12:00am
Dollar down for second day, focus on US deficit

Dollar down for second day, focus on US deficit

The dollar fell against the euro for the second session on Tuesday as investors and traders braced for trade figures that could reinforce market worries about the record deficit in the United States. The euro tumbled nearly 4 percent against the dollar la
Published 12 Jan, 2005 12:00am
Dollar resumes weakness, focus on US trade data

Dollar resumes weakness, focus on US trade data

The dollar slipped on Monday, succumbing to profit-taking after last week's sharp rally as traders became cautious ahead of US trade data due on Wednesday. "We're seeing basically a bit of profit-taking on the dollar's sharp up-moves last week," said Omer
Published 12 Jan, 2005 12:00am
Asian currencies: won rallies on flows, yen

Asian currencies: won rallies on flows, yen

The Korean won led the rally in Asian currencies on Tuesday as expectations of foreign inflows and a renewed fall in the US dollar buoyed the regionals. The Thai baht rose nearly half a percent, the Singapore dollar climbed to a one-week high of 1.6387 an
Published 12 Jan, 2005 12:00am
Bangladeshi taka ends weaker versus dollar on import needs

Bangladeshi taka ends weaker versus dollar on import needs

The Bangladeshi taka ended slightly weaker on Tuesday due to robust demand for the US currency for import related payments, dealers said. The taka was quoted at 59.95/62.90 per dollar, against 59.95/62.60 on Monday. Call rates ranged between 6.5 percent a
Published 12 Jan, 2005 12:00am
Scientists spy cosmic waves around black hole

Scientists spy cosmic waves around black hole

Black holes may actually drag the fabric of space and time around them as they spin, creating waves for cosmic material to surf on, astronomers said on Monday. This is new evidence that some black holes spin, even as they pull in everything around them, i
Published 12 Jan, 2005 12:00am
Sonia Gandhi named India's 2004 newsmaker

Sonia Gandhi named India's 2004 newsmaker

Sonia Gandhi, who spurned the job of prime minister after leading the Congress party to a shock electoral victory, has been declared "newsmaker" of 2004 by India's top news magazine. India Today said in its cover story entitled "Sonia Gandhi: India's Phoe
Published 12 Jan, 2005 12:00am
CBS guilty of 'myopic zeal' over Bush story

CBS guilty of 'myopic zeal' over Bush story

CBS News fired four employees on Monday after an independent report critical of legendary anchor Dan Rather found a "myopic zeal" led the network to disregard basic journalism principles when it aired a faulty story on President George W. Bush's military
Published 12 Jan, 2005 12:00am
Aid workers in Aceh restricted

Aid workers in Aceh restricted

Indonesia told aid workers helping tsunami victims in its worst-hit region, Aceh, on Tuesday not to venture beyond two large cities on Sumatra island because of what it said were militant threats. Indonesia's head of relief operations said agencies would
Published 12 Jan, 2005 12:00am
Asia's tsunami: UN urges donors to meet pledges

Asia's tsunami: UN urges donors to meet pledges

The United Nations called on donors on Tuesday to set a record by meeting in full its $1.0 billion appeal for immediate aid to victims of Asia's tsunami, and pledged to be open about how the money was spent. As more than 80 states met in Geneva to discuss
Published 12 Jan, 2005 12:00am
10 killed in fierce California storms

10 killed in fierce California storms

A massive mudslide smothered a four-block swath of La Conchita, California Monday, killing three people and bringing the death toll from severe snow and rain storms in the area to at least 10, officials said. Ten other people have been treated for injurie
Published 12 Jan, 2005 12:00am
Kuwait hunts down al Qaeda suspects; US warns citizens

Kuwait hunts down al Qaeda suspects; US warns citizens

Kuwait was hunting Tuesday for suspected al Qaeda-linked militants after a deadly gunfight with security forces that triggered a new US terror warning. The emirate has also ordered a crackdown on militants after two Kuwaiti officers and a suspect were kil
Published 12 Jan, 2005 12:00am
Russia and Nato to patrol Mediterranean coasts

Russia and Nato to patrol Mediterranean coasts

Russia and Nato will conduct joint anti-terror patrols in the Mediterranean Sea this spring, ITAR-TASS quoted the chief of staff of Russia's navy as saying Tuesday. Viktor Kravchenko said the joint operation would last up to three months and see Nato and
Published 12 Jan, 2005 12:00am
Keep mobile phones out of children's hands: experts

Keep mobile phones out of children's hands: experts

British experts on Tuesday urged mobile phone users to use their handsets with caution and keep them out of the hands of young children, in a report warning that mobile technology was racing ahead of studies of its potential health hazards. The National R
Published 12 Jan, 2005 12:00am
Chertoff to head homeland security

Chertoff to head homeland security

President George W. Bush on Tuesday nominated US Appeals Court Judge Michael Chertoff, an architect of the Justice Department's anti-terror response after the September 11, 2001, attacks, to become secretary of homeland security. After the debacle involvi
Published 12 Jan, 2005 12:00am
'US like to use key Turkish air base'

'US like to use key Turkish air base'

The United States would like to use a key Turkish air base to provide logistical support for its troops deployed in Iraq, the head of the US Central Command said Tuesday. The Incirlik base, in southern Turkey, "is a Turkish base, not an American base. We
Published 12 Jan, 2005 12:00am
US to free UK and Australian Guantanamo inmates

US to free UK and Australian Guantanamo inmates

The last four Britons and an Australian being held at the highly contentious US military base at Guantanamo Bay in Cuba are to be released, the Pentagon said on Tuesday. Campaigners for the Britons welcomed the news but urged the government in London to i
Published 12 Jan, 2005 12:00am
Militants resume attacks: Sharon phones Abbas, offers co-operation

Militants resume attacks: Sharon phones Abbas, offers co-operation

Israeli Prime Minister Ariel Sharon phoned Mahmoud Abbas on Tuesday to congratulate him on his election as Palestinian president and offer co-operation, the highest-level contact between the sides in nearly four years. But Palestinian militants resumed ro
Published 12 Jan, 2005 12:00am
Indian rupee gains as dollar slips versus euro

Indian rupee gains as dollar slips versus euro

The Indian rupee ended firmer on Tuesday as the dollar dropped against the euro, while sliding local stocks kept gains in check, dealers said.' The rupee ended at 43.80/81 per dollar, after gaining one third of a percent from Monday's 43.94/96. It struck
Published 12 Jan, 2005 12:00am
Sterling slips versus euro

Sterling slips versus euro

Sterling fell from a recent three week high versus the euro on Tuesday and held steady against a weakening dollar after British data showed December retail sales dropped at their fastest annual pace in nearly two years. The weak British Retail Consortium
Published 12 Jan, 2005 12:00am
Dollar pullback deepens, ZEW helps euro

Dollar pullback deepens, ZEW helps euro

The dollar extended its pullback from seven-week highs against the euro on Tuesday as investors braced themselves for Wednesday's release of US trade data and bought euros on the back of strong German confidence figures. The US trade data could highlight
Published 12 Jan, 2005 12:00am
Indian shares at six-week closing low

Indian shares at six-week closing low

India's main share index fell to its lowest close in six weeks on Tuesday after disappointing earnings from a mid-sized software services firm. The 30-share Mumbai Stock Exchange index ended 1.4 percent lower at 6,222.87 points, its worst close since Nove
Published 12 Jan, 2005 12:00am
US Stocks: Tuesday's unofficial close

US Stocks: Tuesday's unofficial close

US stocks fell Tuesday as earnings season began on a weak note with a sales warning from chip maker Advanced Micro Devices Inc hurting the chip sector and lower-than-expected earnings from aluminium producer Alcoa Inc. The Standard & Poor's index of steel
Published 12 Jan, 2005 12:00am
Bonds: Deutsche Telekom issue in focus

Bonds: Deutsche Telekom issue in focus

Deutsche Telekom was the focus of the European corporate bond market on Tuesday as it prepared a jumbo bond sale, with investment-grade spreads moving tighter as the sale approached. The high-yield market however was under pressure, with airline SAS seein
Published 12 Jan, 2005 12:00am
Bonds: Deutsche Telekom issue in focus

Bonds: Deutsche Telekom issue in focus

Deutsche Telekom was the focus of the European corporate bond market on Tuesday as it prepared a jumbo bond sale, with investment-grade spreads moving tighter as the sale approached. The high-yield market however was under pressure, with airline SAS seein
Published 12 Jan, 2005 12:00am
Taiwan stocks end higher

Taiwan stocks end higher

Taiwan stocks ended firmer on Tuesday as major technology shares like AU Optronics shook off early losses and extended the last session's rebound, though trading was cautious ahead of earnings season. The TAIEX share index added 0.55 percent to close at 5
Published 12 Jan, 2005 12:00am
Chinese shares up

Chinese shares up

China's shares closed 0.4 percent higher on Tuesday as embattled television maker Changhong rallied after announcing a tie-up with the country's top fixed-line telecoms firm. The benchmark Shanghai composite index closed at 1,257.462 points. It breached t
Published 12 Jan, 2005 12:00am
Telecoms and insurers push UK's leading share index down

Telecoms and insurers push UK's leading share index down

Britain's FTSE-100 share index closed down 0.5 percent on Tuesday, dragged down mainly by telecoms and insurers, while supermarkets group Morrison fell 5.6 percent on news of dramatically slowing sales growth over Christmas. Mobile phone group Vodafone fe
Published 12 Jan, 2005 12:00am
London cocoa holds firm against speculative selling

London cocoa holds firm against speculative selling

London cocoa futures traded in a tight range on Tuesday, pushed down by speculative selling to a fresh six-month contract low at one point but propped up by industry buying, traders said. Liffe's front month March contract ended steady at 818 pounds per t
Published 12 Jan, 2005 12:00am
Traders say Iraq buys US wheat, no confirmation

Traders say Iraq buys US wheat, no confirmation

European traders said on Tuesday that US suppliers had clinched a potentially ground-breaking wheat deal with Iraq, but there was no confirmation of the deal in the United States or Iraq. The traders said Iraq's Grain Board had purchased about 300,000 ton
Published 12 Jan, 2005 12:00am
Oil nears $46 on cold forecast, supply woes

Oil nears $46 on cold forecast, supply woes

Oil prices flirted with $46 a barrel on Tuesday, firming on forecasts of a cold spell bearing down on the US Northeast heating oil market and continued supply problems from big global producers. US crude futures settled up 35 cents to $45.68 a barrel afte
Published 12 Jan, 2005 12:00am
Oil nears $46 on cold forecast, supply woes

Oil nears $46 on cold forecast, supply woes

Oil prices flirted with $46 a barrel on Tuesday, firming on forecasts of a cold spell bearing down on the US Northeast heating oil market and continued supply problems from big global producers. US crude futures settled up 35 cents to $45.68 a barrel afte
Published 12 Jan, 2005 12:00am
India said to buy raw sugar on dips

India said to buy raw sugar on dips

Indians are believed to have bought a number of cargoes of raw sugar in recent days, taking advantage of dips in the futures market and strong domestic prices, traders said on Tuesday. India, the world's biggest sugar consumer, had a dismal sugar harvest
Published 12 Jan, 2005 12:00am
New York cotton closes lower

New York cotton closes lower

Cotton futures settled easier on Tuesday on speculative profit-taking as the market pulled back from near 3-month highs, with players now bracing for release of a key government report on Wednesday, analysts said. The New York Board of Trade's March cotto
Published 12 Jan, 2005 12:00am
Industry supports London coffee as New York holds

Industry supports London coffee as New York holds

Industry buying and the New York market's failure to draw fund activity left London's robusta coffee suspended within the previous session's range, traders said on Tuesday. A late show of strength in New York helped Liffe's benchmark March make a last-min
Published 12 Jan, 2005 12:00am
Copper bounces back on soft dollar and tight supply

Copper bounces back on soft dollar and tight supply

Dollar weakness and increasing supply tightness boosted copper prices on the London Metal Exchange (LME) on Tuesday, dealers said. Benchmark copper rose by just over two percent to finish the evening kerb session at $3,026 a tonne, up $65. "Copper's still
Published 12 Jan, 2005 12:00am
European gold stalks higher ground, euro supports

European gold stalks higher ground, euro supports

Gold moved higher in Europe on Tuesday, with investors encouraged by a slightly firmer euro against the dollar, but dealers were not ready to rule out further losses. Spot gold stood at $421.15/421.90 an ounce by 1600 GMT compared with $419.00/419.50 late
Published 12 Jan, 2005 12:00am
US MIDDAY: coffee moves up on commercial buying

US MIDDAY: coffee moves up on commercial buying

Arabica coffee futures settled barely in positive territory Tuesday, with speculative short-covering and commercial buying helping the market snap seven straight days of losses. The New York Board of Trade's most-active March contract inched up 0.05 cent
Published 12 Jan, 2005 12:00am
US MIDDAY: sugar higher on consumer buying

US MIDDAY: sugar higher on consumer buying

Raw sugar futures settled slightly higher Tuesday on trade and consumer buying as the market recovered after easing recently to a three-week low, brokers said. The New York Board of Trade's March raw sugar contract gained 0.03 cent to close at 8.55 cents
Published 12 Jan, 2005 12:00am
US MIDDAY: cocoa firmer on trade buying

US MIDDAY: cocoa firmer on trade buying

New York cocoa futures edged up Tuesday as trade buying helped prices recover from three consecutive days of losses. New York Board of Trade's benchmark March cocoa contract firmed $2 to settle at $1,468 a tonne after trading from $1,464 to $1,482. May ga
Published 12 Jan, 2005 12:00am
US MIDDAY: wheat lower on technical setback

US MIDDAY: wheat lower on technical setback

Wheat futures at the Chicago Board of Trade were mostly lower at midsession on Tuesday on a technical setback, traders said. Wheat opened higher on supportive export news but turned lower in thin trade. "You had a little commercial selling the wheat up to
Published 12 Jan, 2005 12:00am
US MIDDAY: corn turns down on spillover selling

US MIDDAY: corn turns down on spillover selling

Corn futures at the Chicago Board of Trade turned lower early on Tuesday amid persistent pressure from the abundant supply of feedgrains globally, traders said. A decline in the soy complex also led to spillover selling pressure on corn futures, they said
Published 12 Jan, 2005 12:00am
US MIDDAY: soya drops on profit-taking setback

US MIDDAY: soya drops on profit-taking setback

Soyabean futures at the Chicago Board of Trade turned lower early on Tuesday on a profit-taking setback from a late rally on Monday, traders said. Weaker CIF cash soya values early Tuesday also weighed on prices, trade sources said. At 10:14 am CST (1614
Published 12 Jan, 2005 12:00am
US MIDDAY: gold stretches higher on currency-based buying

US MIDDAY: gold stretches higher on currency-based buying

US gold futures extended a recovery from last week's near three-month lows early Tuesday on currency-based buying, as the dollar continued to back-pedal after last week's sharp rally. In other precious metals, silver rose on gold's coattails and platinum
Published 12 Jan, 2005 12:00am
Two years of Governor Sindh - an example of good governance

Two years of Governor Sindh - an example of good governance

It is now two years since Dr Ishrat-ul-Ebad Khan took charge of the office of the Governor. He was sworn in on 27 December 2002 on his return from London where he stayed for ten long years. Two years after his taking up the charge, he had resolved to brid
Published 12 Jan, 2005 12:00am
Sindh government's crusade against corruption

Sindh government's crusade against corruption

The era which ushered on 12th October 1999, prioritised Anti-corruption measures as the corner stone of all national developments and reforms. The political government of Sindh which was installed in December 2002 is keenly engaged in fight against burgeo
Published 12 Jan, 2005 12:00am
Governor Sindh and peace in Karachi

Governor Sindh and peace in Karachi

In human society every city represents a civilisation. Karachi is the biggest and the greatest city of Pakistan. It has therefore a very special status. Society in Karachi encompasses very distinctive cultural influences. Many problems are met with when t
Published 12 Jan, 2005 12:00am
The resolve of Dr Ishrat ul Ebad Khan

The resolve of Dr Ishrat ul Ebad Khan

My office enjoins upon me to give attention to widely divergent areas so that I should know the pain of the common man. I should feel their sorrows and sufferings and should do my utmost to solve their problems. I should fulfil my commitments and with the
Published 12 Jan, 2005 12:00am
GemNet (Pvt) Limited - A power solutions company

GemNet (Pvt) Limited - A power solutions company

GemNet is a power solutions company, providing quality power products and services. Our target markets are the emerging markets, and our activities are currently focused in South Asia and the Middle East. Each GemNet office is staffed by local people who
Published 12 Jan, 2005 12:00am
Innovative (Pvt) Limited - Guide to success

Innovative (Pvt) Limited - Guide to success

With its ProClassic/Enterprise, Wincor Nixdorf offers a solution for integrating various sales channels. Reasons for introducing a multichannel architecture vary widely. Some banks want to introduce new self-service applications as early as possible, whil
Published 12 Jan, 2005 12:00am
2B Technologies Caring: the slogan for banks nowadays

2B Technologies Caring: the slogan for banks nowadays

Much has been said about Banking over the years. Every Tom, Dick and Harry knows that Banks are there to generate money and more money. But is this the only motive of Banks? This would have been a difficult question to answer in the past years. But now th
Published 12 Jan, 2005 12:00am
First Microfinance Bank - At your service

First Microfinance Bank - At your service

The concept of microfinancing is still in its infancy in Pakistan. Therefore, my first question was about his reasons for agreeing to help set up the First Microfinance Bank; what was the idea behind the inception of the bank? In reply, Hussain Tejani sai
Published 12 Jan, 2005 12:00am
e-Banking at Saudi Pak Commercial Bank

e-Banking at Saudi Pak Commercial Bank

Saudi Pak Commercial Bank has come a long way in the last three years since the new management took over the bank in September 2001. All banking indicators have gone up many folds, including advances, deposits, assets etc. In three years time, deposits of
Published 12 Jan, 2005 12:00am
Risk adjusted performance management

Risk adjusted performance management

The emergence of better risk-return and capital management techniques has been a big step forward for the banking industry. It is a positive signal that financial institutions are thinking more about the sorts of activities that they are willing to undert
Published 12 Jan, 2005 12:00am
Message from Chief Executive, Total Communications

Message from Chief Executive, Total Communications

I welcome all the distinguished guests and foreign delegates on the occasion of the international conference and exhibition "e-Banking - Challenges Ahead". I am thankful to the Pakistan Software Houses Association and Pakistan Software Export Board for ex
Published 12 Jan, 2005 12:00am
Message from President Pakistan Software Houses Association

Message from President Pakistan Software Houses Association

Continuous discourse on the subject of E-Banking and the challenges that financial institutions, customers and policy makers face, is essential as our financial sector moves ahead to transform and adopt an increased use of technology and automation.
Published 12 Jan, 2005 12:00am
Message from Minister for IT Government of Sindh

Message from Minister for IT Government of Sindh

I am pleased to welcome all the foreign and local guests to Karachi, on the occasion of "e-banking - Challenges Ahead" international conference and exhibition on behalf of the Ministry of IT, Government of Sindh.
Published 12 Jan, 2005 12:00am
Message from Federal Minister for IT & Telecom Government of Pakistan

Message from Federal Minister for IT & Telecom Government of Pakistan

It has always been my pleasure to patronise events that are beneficial for the growth of digitisation of the economy. Banking is one of the fastest growing sectors on the national horizon and its electronic advancements have far reaching effects. Organisi
Published 12 Jan, 2005 12:00am
Indian team visits Aptma offices

Indian team visits Aptma offices

A six member Indian delegation led by Shishir Jaipuria, President Northern Indian Textile Mills Association visited offices of All Pakistan Textile Mills Association (Aptma) on Tuesday and discussed issues of mutual interest in the textile sector. The Cha
Published 12 Jan, 2005 12:00am
UK minister briefed on conducive climate for investment

UK minister briefed on conducive climate for investment

Sindh Governor Dr Ishratul Ibad Khan has said the economic improvement policies of the government have given confidence to foreign investors willing to invest in Pakistan. He stated this while talking to UK Minister of State for Foreign Affairs and Common
Published 12 Jan, 2005 12:00am
British Airways revised agency commission to take effect from February 1

British Airways revised agency commission to take effect from February 1

The revised agency commission on the passenger sales of the British Airways will take effect from February 1, the Airline's regional office has reminded the travel agents in its region. In individual letters delivered to the travel agents here on Monday a
Published 12 Jan, 2005 12:00am
Rebranding physics: making Einstein youth friendly

Rebranding physics: making Einstein youth friendly

Bicycle stunts, rap music and modern dance -- all in the name of Einstein. Hardly E=mc2, but 100 years after Albert Einstein published three seminal research papers which changed scientific thinking about the universe forever, physicians are conscious the
Published 12 Jan, 2005 12:00am
Islamic banking - more compatible with micro-financing

Islamic banking - more compatible with micro-financing

Micro financing has its origin based on universal dictum of economic and social justice, to be brought in all societies so as to arrest the widening gap between the rich and poor and thus eradicate poverty from the globe. Similarly, Islamic laws based on
Published 12 Jan, 2005 12:00am
Bhutto and Musharraf

Bhutto and Musharraf

The Pakistan People's Party (Patriots) Chairman and Defence Minister Rao Sikandar Iqbal, while celebrating the 77th birth anniversary of Zulfikar Ali Bhutto, said that "Mujhe Sadr Musharraf mein Bhutto Nazar Aa Raha Haiye"(Bhutto mirrors in President Mush
Published 12 Jan, 2005 12:00am
Avoiding air mishap

Avoiding air mishap

Recently I read about an aircraft of your national airways avoiding a big mishap that thank God averted a big tragedy. I am a private pilot, and also in the construction of small aircraft as a hobby. I have one of my own aircraft built that I usually fly.
Published 12 Jan, 2005 12:00am
Women throw off the burqa in tribal areas

Women throw off the burqa in tribal areas

Zuhra Nafees drinks in the sights and sounds of Peshawar's riotous marketplace with new-found enthusiasm. A year ago the grate of a burqa separated her from the outside world. Now the late twenty something is clad only in the traditional Muslim chador, th
Published 12 Jan, 2005 12:00am
Restorers breathe new life into Afghanistan's shattered heritage

Restorers breathe new life into Afghanistan's shattered heritage

With each stroke of his paintbrush Shairazuddin Saifi watches the past come back to life, meticulously restoring a Buddhist statue which was broken by looters digging it out of the ground. "I feel proud when I do this because it is Afghanistan's history,"
Published 12 Jan, 2005 12:00am
Coops, an effective tool to raise agro-productivity

Coops, an effective tool to raise agro-productivity

The co-operative movement in the Indo-Pakistan subcontinent is more than a century old, although it was institutionalised in 1904 through the promulgation of an act known as the Co-operative Societies Act. The object of the Act was to provide loans to sma
Published 12 Jan, 2005 12:00am
SECP's fault lines

SECP's fault lines

Capital markets, the world over, perform an extremely important function in mobilising savings of the economy in the form of equity for channellising them into productive activities. Their smooth and efficient functioning can, however, be guaranteed only
Published 12 Jan, 2005 12:00am
Palestinians are ready for peace talks

Palestinians are ready for peace talks

The Palestinian people have given a resounding electoral verdict in favour of democracy and peace, electing Mahmoud Abbas as their new President with a two-thirds majority vote. The election, monitored by international observers from the US as well as the
Published 12 Jan, 2005 12:00am
Education minister calls on Shaukat

Education minister calls on Shaukat

Education Minister, Javed Ashraf Qazi, met Prime Minister Shaukat Aziz on Tuesday and discussed projects undertaken recently by the Ministry of Education regarding setting up of technical schools in the country. Talking to the Minister, the Prime Minister
Published 12 Jan, 2005 12:00am
Anger and negative emotions may trigger ischemic stroke

Anger and negative emotions may trigger ischemic stroke

A new study published in the scientific journal of the American Academy of Neurology suggests that anger and other negative emotions may be triggers for ischemic stroke. The study, conducted by Tel Aviv University and the Israel Center for Disease Control
Published 12 Jan, 2005 12:00am
The Weather

The Weather

The weather report on Tuesday (January 11) and the forecast for Wednesday (January 12, 2005).
Published 12 Jan, 2005 12:00am
Pakistan has right to approach World Bank on Baglihar issue: Masood

Pakistan has right to approach World Bank on Baglihar issue: Masood

Foreign office spokesman Masood Khan said on Tuesday that Pakistan has the right to approach World Bank for the appointment of independent expert to settle the Baglihar dam issue with India. In an interview with a private television channel he said, the i
Published 12 Jan, 2005 12:00am
New York cotton

New York cotton

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

Published 12 Jan, 2005 12:00am
PNSC earned Rs 7 billion revenue during last fiscal year

PNSC earned Rs 7 billion revenue during last fiscal year

Pakistan National Shipping Corporation (PNSC) has earned highest revenue of Rs 7 billion during the last financial year, Executive Director (Commercial) PNSC Captain Aftab Siddique said on Tuesday. Talking to PTV he said, PNSC has now been transformed int
Published 12 Jan, 2005 12:00am
New York cotton

New York cotton

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

Published 12 Jan, 2005 12:00am
PNSC earned Rs 7 billion revenue during last fiscal year

PNSC earned Rs 7 billion revenue during last fiscal year

Pakistan National Shipping Corporation (PNSC) has earned highest revenue of Rs 7 billion during the last financial year, Executive Director (Commercial) PNSC Captain Aftab Siddique said on Tuesday. Talking to PTV he said, PNSC has now been transformed int
Published 12 Jan, 2005 12:00am
State asked to satisfy Sindh High Court on detention of doctor brothers

State asked to satisfy Sindh High Court on detention of doctor brothers

Sindh High Court on Tuesday asked Advocate General Sindh to satisfy court over detention of Dr Akmal Waheed and Dr Arshad Waheed under Anti Terrorism Act. SHC's division bench comprising Justice Ataur Rehman and Justice Zia Pervez was hearing the amended
Published 12 Jan, 2005 12:00am
Draft of industrial strategy to be made public on January 13

Draft of industrial strategy to be made public on January 13

The draft of the National Industrial Strategy will be made public on Thursday to seek public opinion and suggestions for the forthcoming National Industrial Policy. The Ministry of Industries, Production and Special Initiatives has initiated the process o
Published 12 Jan, 2005 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Tuesday (January 11, 2005).

Published 12 Jan, 2005 12:00am
Baglihar dam to submerge Doda district: Gilani

Baglihar dam to submerge Doda district: Gilani

The Chairman of All Parties Hurriyat Conference (APHC), Syed Ali Gilani has said that construction of Baglihar Dam according to India's design will result in submerging the entire Doda district in Indian occupied Kashmir. According to Kashmir Media Servic
Published 12 Jan, 2005 12:00am