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Print - 2005-01-31
KKI market review

KKI market review

Khanani & Kalia International (Pvt) Limited weekly market review.

Published 31 Jan, 2005 12:00am
The Weather

The Weather

The weather report on Sunday (January 30) and the forecast for Monday (January 31, 2005).
Published 31 Jan, 2005 12:00am
Your rupee last week

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week.(January 24 to 29, 2005)
Published 31 Jan, 2005 12:00am
Textile Spinning: SANA INDUSTRIES LIMITED - Year Ended September 30 2004

Textile Spinning: SANA INDUSTRIES LIMITED - Year Ended September 30 2004

The financial backbone of the company is robust and as evident from the solvency, liquidity and profitability ratios. It has a relatively small capital base. So the company is expanding the same through bonus stock dividend at 25%. The stockholders are fu
Published 31 Jan, 2005 12:00am
Textile Spinning: SANA INDUSTRIES LIMITED - Year Ended September 30 2004

Textile Spinning: SANA INDUSTRIES LIMITED - Year Ended September 30 2004

The financial backbone of the company is robust and as evident from the solvency, liquidity and profitability ratios. It has a relatively small capital base. So the company is expanding the same through bonus stock dividend at 25%. The stockholders are fu
Published 31 Jan, 2005 12:00am
Methamphetamine scourge sweeps rural America

Methamphetamine scourge sweeps rural America

Imagine that, with $100 worth of supplies bought from neighbourhood stores, dealers could easily cook up $1,000 worth of a drug so addictive that users quickly descend into a hell of violence, crime and neglect. That frightening scenario is the reality of
Published 31 Jan, 2005 12:00am
New listings on LSE in 2004

New listings on LSE in 2004

As many as 19 new companies and three term finance certificates (TFCs) were listed on Lahore Stock Exchange (LSE) while 42 were delisted because of merger, buy-back of shares and decision of the governing board of the exchange, during the year 2004.
Published 31 Jan, 2005 12:00am
Agri-marketing information yet inadequate

Agri-marketing information yet inadequate

Various useful technologies are being invented to be utilised in almost all the socio-economic fields the world over. Competition has revolutionised the entire spectrum of various economic activities. Agriculture in Pakistan has also benefited with the em
Published 31 Jan, 2005 12:00am
Federal Service Tribunal and tribulations!

Federal Service Tribunal and tribulations!

Chattering classes absolve themselves of their responsibility for the national mess they have created by blaming the judiciary. Only if the judges were honest, they say, things would have been all right. I have two serious objections to this mindless obse
Published 31 Jan, 2005 12:00am
A wonder boy of Azerbaijan town

A wonder boy of Azerbaijan town

You may not know where Azerbaijan is, but in a dusty little town in the south-east hinterland of this former Soviet republic there is a two-year-old boy who can probably say with pretty high accuracy where you are. Meet Ayhan Abdullayev: toddler, local ce
Published 31 Jan, 2005 12:00am
Textile industry situation

Textile industry situation

There are a few problems the textile industry faces, but the best part is that the problem carries the solution in itself.
Published 31 Jan, 2005 12:00am
Northern Ireland paramilitaries' involvement in crime

Northern Ireland paramilitaries' involvement in crime

Northern Ireland may have enjoyed an uneasy peace in recent years, but as illustrated by a massive bank robbery in December, the fear is that paramilitary gangs have simply turned their guns from politics to profit.
Published 31 Jan, 2005 12:00am
Tax efficient model for corporate growth

Tax efficient model for corporate growth

A joint task force of Securities and Exchange Commission of Pakistan (SECP) and Central Board of Revenue (CBR) is presently reviewing the existing legal and policy regime for corporate tax, applicable tax rates and tax refund procedures to recommend ways
Published 31 Jan, 2005 12:00am
Unwelcome interference

Unwelcome interference

During the recent days, the Federal Ministry of Health has come under a lot of criticism from interested quarters for its alleged interference in the affairs of the Pakistan Medical and Dental Council (PMDC), which is supposed to be an autonomous body. La
Published 31 Jan, 2005 12:00am
Car financing

Car financing

The latest decision of the State Bank of Pakistan to ban car premium financing is a step in the right direction. According to a circular issued on 28th January, 2005, from now on, banks and development finance institutions (DFIs) will give auto loans only
Published 31 Jan, 2005 12:00am
'Pakistan incomplete without Kashmir'

'Pakistan incomplete without Kashmir'

Mian Mohammad Aslam, the MNA and key leader of the Jamaat-e-Islami, on Sunday said that Pakistan was incomplete without Kashmir, which would have to be liberated from India. Addressing a Shabab-i-Milli meeting here, the Jamaat parliamentarian said the peo
Published 31 Jan, 2005 12:00am
PPP denies Benazir's meeting with Tariq Aziz

PPP denies Benazir's meeting with Tariq Aziz

Pakistan Peoples Party (PPP) spokesperson has said that Musharraf's aide Tariq Aziz has not met former Prime Minister Benazir Bhutto in Dubai and nor is he scheduled to meet her. The PPP spokesperson said here on Sunday that a news item to this effect had
Published 31 Jan, 2005 12:00am
Pakistan, Iran and India to eliminate Leshmaniasis

Pakistan, Iran and India to eliminate Leshmaniasis

Health officials of Pakistan, Iran and India are to meet shortly to help eliminate sand flies, which cause Leshmaniasis, a skin disease, to a large number of people in the three countries. The feasibility of a joint and simultaneous aerial spray in the id
Published 31 Jan, 2005 12:00am
No clue yet to Rs 20 million dacoity, PCDA continues protest

No clue yet to Rs 20 million dacoity, PCDA continues protest

Protest of chemists and druggists is continuing in Multan and the 72 hours deadline given by the Pakistan Chemists and Druggists Association (PCDA) was ended on Sunday. But Police showed its inability to apprehend the robbers. They have decided to observe
Published 31 Jan, 2005 12:00am
'Local bodies polls to be held on schedule'

'Local bodies polls to be held on schedule'

The Speaker of National Assembly Chaudhry Amir Hussain has said that forthcoming local bodies elections would be held on scheduled date and time in the country. The local bodies elections at districts and tehsil level would be held on party basis while at
Published 31 Jan, 2005 12:00am
Pak-Russia cultural ties discussed

Pak-Russia cultural ties discussed

Vice Consulate General Russian Federation, Sargai Cozintuoso called on Provincial Minister for Youth Affairs, Qamar Mansoor in his office on Saturday and informed the minister about the activities of Russian Center of Science and Culture. The Friendship H
Published 31 Jan, 2005 12:00am
26 Ulema's entry banned in Bahawalpur

26 Ulema's entry banned in Bahawalpur

District Administration Bahawalpur has banned the entry 26 Ulema of different schools of thought while 28 Ulema have been prohibited from making speeches during the month of Muharram-ul-Haram. "We have prohibited the entry of 26 religious scholars and 28
Published 31 Jan, 2005 12:00am
Need stressed for private colleges representation in PMDC

Need stressed for private colleges representation in PMDC

Federal Health Secretary Syed Anwar Mehmood on Sunday said there was need to make amendments in Pakistan Medical and Dental Council (PMDC) Act and colleges and universities providing standard education should be represented in the council.
Published 31 Jan, 2005 12:00am
Gender reform action plan prepared

Gender reform action plan prepared

Sindh Minister for Women Development Dr Saeeda Malik has said, while talking to a group of women belonging to different strata of society here on Sunday, that her ministry has prepared a "Gender Reform Action Plan (GRAP)" aimed at ameliorating the lot of
Published 31 Jan, 2005 12:00am
Vital installations to be protected: National Assembly speaker

Vital installations to be protected: National Assembly speaker

The speaker National Assembly Chaudhry Amir Hussain has said that government has adopted tangible measures for protecting all vital installations in the country at all cost and political blackmailing would not be tolerated in this regard. No military oper
Published 31 Jan, 2005 12:00am
PFOWA holds annual charity bazaar

PFOWA holds annual charity bazaar

Pakistan Foreign Office Women's Association (PFOWA) here on Sunday arranged an annual charity bazaar to collects funds for the welfare of employees of Foreign Office and tsunami victims. Wife of chairman senate, Begum Khadija Soomro who was the chief gues
Published 31 Jan, 2005 12:00am
Troops coerced voters: JKLF

Troops coerced voters: JKLF

In occupied Kashmir, the JKLF has said, military forces coerce people to vote and it congratulated the people for making the election boycott a success, reports Kashmir Media Service. A JKLF spokesman said, forces dragged people out of their houses at Sop
Published 31 Jan, 2005 12:00am
Opposition in AJK rejects old electoral rolls

Opposition in AJK rejects old electoral rolls

All opposition parties in Azad Jammu and Kashmir have rejected the government decision to hold elections on the basis of old electoral lists, saying the decision tantamount to interference in the affairs of the Election Commission. The government decision
Published 31 Jan, 2005 12:00am
McGrath and Warne hold key to Ashes: Marsh

McGrath and Warne hold key to Ashes: Marsh

Former Australian Test wicket-keeper turned England selector Rodney Marsh said Sunday he believes veteran paceman Glenn McGrath and leg-spinner Shane Warne hold the key to their country's hopes in the upcoming Ashes tour. Marsh, who is also director of En
Published 31 Jan, 2005 12:00am
Sharapova leads Russian challenge at Pan Pacific Open

Sharapova leads Russian challenge at Pan Pacific Open

Wimbledon champion Maria Sharapova will lead a Russian attempt to prevent a record fifth victory for world number one Lindsay Davenport at the Pan Pacific Open tennis tournament this week. Davenport, the American top seed and losing finalist at the Austra
Published 31 Jan, 2005 12:00am
Younis heads home after family bereavement

Younis heads home after family bereavement

Younis Khan has headed for home late on Sunday following the death of his father, officials here said. Younis had just finished playing for Pakistan in their three-wicket tri-series win over Australia at the Western Australian Cricket Association Ground w
Published 31 Jan, 2005 12:00am
Pakistan beat Australia in tri-series match

Pakistan beat Australia in tri-series match

Pakistan on Sunday achieved an upset victory against world champions Australia in a tri-series one-day cricket match at the Western Australian Cricket Association Ground. Pakistan dismissed Australia for 265 on a good batting wicket despite dropping a str
Published 31 Jan, 2005 12:00am
Lloyd under fire for Vaughan's comment

Lloyd under fire for Vaughan's comment

Match referee Clive Lloyd's public statements that he thought about banning England captain Michael Vaughan for the fifth Test against South Africa might get him into trouble. Lloyd fined Vaughan, who led his side to a 2-1 victory in the series, 5,500 pou
Published 31 Jan, 2005 12:00am
England win rain-hit first one-dayer

England win rain-hit first one-dayer

Rain stopped play after 25.1 overs of England's innings, but it was not enough to save South Africa from a 26-run defeat on the Duckworth/Lewis method in the first one-day international on Sunday. After South Africa had struggled to 175 for nine in their
Published 31 Jan, 2005 12:00am
Third time lucky for Safin as Hewitt's Aussie Open dream ends

Third time lucky for Safin as Hewitt's Aussie Open dream ends

Russian Marat Safin claimed his second tennis grand slam with a four-set victory to shatter Lleyton Hewitt's Australian Open dream here on Sunday. It was Safin's first Australian title after losing in two finals here over the last three years and prevente
Published 31 Jan, 2005 12:00am
China wants to send envoys to Koo's funeral in Taiwan

China wants to send envoys to Koo's funeral in Taiwan

China's top negotiator with Taiwan aims to send senior envoys to attend his counterpart's funeral, the state Xinhua news agency said on Sunday, a day after the rivals marked their first non-stop flights in over 55 years. It was not immediately clear if Ta
Published 31 Jan, 2005 12:00am
Egyptian opposition leader held for four days

Egyptian opposition leader held for four days

A prominent opposition member of the Egyptian parliament was formally detained for four days on Sunday for questioning on criminal charges which his wife and sympathisers said were fabricated for political reasons. Ayman Nour, leader of the Ghad (Tomorrow
Published 31 Jan, 2005 12:00am
World politics dominate top Sundance awards

World politics dominate top Sundance awards

War, world politics and personal struggles dominated Sundance Film Festival awards on Saturday as a dark drama, "Forty Shades of Blue," and a documentary about the US defence industry, "Why We Fight," won top honours. "Forty Shades of Blue" tells of a Rus
Published 31 Jan, 2005 12:00am
Guarding Buckingham Palace is one of army's worst jobs

Guarding Buckingham Palace is one of army's worst jobs

Guarding Buckingham Palace, the London residence of Queen Elizabeth II, is one of the worst jobs in the British army, according to documents quoted by The Sunday Telegraph. The soldiers posted at the gates of the impressive royal residence suffer a "very
Published 31 Jan, 2005 12:00am
'Dangerous' global warming possible by 2026: WWF

'Dangerous' global warming possible by 2026: WWF

World temperatures could surge in just two decades to a threshold likely to trigger dangerous disruptions to the earth's climate, the WWF environmental group said on Sunday. It said the Arctic region was warming fastest, threatening the livelihoods of ind
Published 31 Jan, 2005 12:00am
Leprosy blights lives even in the 21st century

Leprosy blights lives even in the 21st century

Leprosy, which has blighted mankind for thousands of years, is still far from being eradicated, afflicting half a million people every year even though the disease is completely curable. In the 21st century, parts of Africa and south Asia as well as Brazi
Published 31 Jan, 2005 12:00am
Africa failing to meet development goals: Annan

Africa failing to meet development goals: Annan

United Nations Secretary-General Kofi Annan told African leaders on Sunday they were failing to meet targets for reducing poverty and combating killer diseases five years after agreeing to global development goals. Annan urged heads of state at an African
Published 31 Jan, 2005 12:00am
MMC to pay DaimlerChrysler $680 million

MMC to pay DaimlerChrysler $680 million

Japan's Mitsubishi Motors Corp (MMC) has agreed to pay DaimlerChrysler about 70 billion yen ($680.9 million) in compensation for losses suffered after a scandal over defective vehicles, a Japanese newspaper said on Sunday. MMC will pay DaimlerChrysler 20
Published 31 Jan, 2005 12:00am
Russia hopeful for US trade talks

Russia hopeful for US trade talks

Many of the issues blocking Russia's entry to the World Trade Organisation can be resolved at US-Russian talks this week, local media quoted a Russian trade official as saying on Sunday. Russia is one of the few major economies outside the 148-member glob
Published 31 Jan, 2005 12:00am
Economists cry foul over Hong Kong's boasts of freest economy

Economists cry foul over Hong Kong's boasts of freest economy

Hong Kong prides itself on being the freest of the free economies, but analysts and increasingly vocal critics are beginning to question the claim. Fuelled by growing suspicion that the government is colluding with big business, the city's much-vaunted la
Published 31 Jan, 2005 12:00am
US and Brazil aim to relaunch Americas trade deal

US and Brazil aim to relaunch Americas trade deal

Brazil and the United States are exploring ways to breathe life into moribund talks designed to forge a free-trade region covering the Americas, senior US and Brazilian officials said on Sunday. "They are certainly not dead," US Trade Representative Rober
Published 31 Jan, 2005 12:00am
Halliburton to drop activities in Iran

Halliburton to drop activities in Iran

US oil giant Halliburton is to end its activities in Iran and also plans to divest itself of subsidiary Kellogg Brown and Root, group chairman and chief executive Dave Lesar said. "The business environment currently in Iran is not conducive to our overall
Published 31 Jan, 2005 12:00am
Iranian parliament taps oil fund for $465 million

Iranian parliament taps oil fund for $465 million

Iran's parliament on Sunday approved the withdrawal of $465 million from the country's rainy day oil fund for allocation to security forces and the poor and disabled. Oil revenues in excess of budgeted amounts go into the Oil Stabilisation Fund (OSF) whic
Published 31 Jan, 2005 12:00am
Ministers launch uneasy attempt to drive ahead crucial trade talks

Ministers launch uneasy attempt to drive ahead crucial trade talks

Beneath their pledge to speed up global trade talks over the weekend, a core group of World Trade Organisation member states betrayed unease about troubled attempts to break down more trade barriers mainly for poor countries. "This was the kick-start to t
Published 31 Jan, 2005 12:00am
Tsunami-hit countries see strong tourist outlook

Tsunami-hit countries see strong tourist outlook

The December 26 tsunami in the Indian Ocean did its best to shatter the lives and livelihoods of the dozen nations whose shorelines it ravaged. But the seven affected countries attending Madrid's FITUR Tourism Fair believe tourism can rapidly recover. FIT
Published 31 Jan, 2005 12:00am
Eurozone economic data to show modest upturn in confidence

Eurozone economic data to show modest upturn in confidence

Eurozone economic figures due out in the coming week will show a modest upturn in both business and consumer confidence along with an easing of price pressures, economists said. In Britain, the coming week will likely reveal that there is life yet in the
Published 31 Jan, 2005 12:00am
India scouts for energy investments overseas

India scouts for energy investments overseas

India, which along with China is projected to become a global powerhouse in the next two decades, has launched a massive hunt for foreign oil to keep fuelling its economic growth engine. Only 30 percent of India's oil needs are met from domestic sources a
Published 31 Jan, 2005 12:00am
IADB sees 2005 Latin America growth at 4 percent

IADB sees 2005 Latin America growth at 4 percent

Latin America's economy is seen growing some 4 percent this year, with dollar weakness helping the outlook for the region, the Inter-American Development Bank's chief economist said in an interview published on Sunday. "For 2004 a growth rate of around 5
Published 31 Jan, 2005 12:00am
German jobless to hit 5 million in Jan: Clement

German jobless to hit 5 million in Jan: Clement

Headline unadjusted unemployment in Germany in January will top five million for the first time since reunification due to labour market reforms, German Economy Minister Wolfgang Clement was quoted as saying on Sunday. Clement told Germany's Bild am Sonnt
Published 31 Jan, 2005 12:00am
North Korea-China trade hits record high in 2004

North Korea-China trade hits record high in 2004

North Korea's trade with China expanded to hit a record high of more than one billion dollars last year in a sign of its deepening dependency on Beijing, a South Korrean trade report said Sunday North Korean-Chinese trade volume jumped 35.4 percent year-o
Published 31 Jan, 2005 12:00am
Cairo stock index up 5 percent on optimism

Cairo stock index up 5 percent on optimism

Egypt's benchmark stock index surged 5 percent on Sunday on strong foreign interest, possibly driven by the Egyptian government's presentation to the World Economic Forum in the Swiss resort of Davos last week. Investment bank EFG-Hermes helped the rally
Published 31 Jan, 2005 12:00am
Egypt interbank rate slips

Egypt interbank rate slips

The median overnight rate on the Egyptian pound fell to 7 percent on Sunday from 8 percent on Thursday towards the end of a central bank period for measuring banks' reserves, traders said. They said banks had squared their positions during the final two d
Published 31 Jan, 2005 12:00am
Global events seen directing Indian shares

Global events seen directing Indian shares

A series of global events like the US Federal Reserve meeting, the Group of Seven finance ministers' meeting and Iraq elections will dictate movement of Indian shares, brokers said on Friday. On Friday, the benchmark Bombay Stock Exchange's 30-share Sense
Published 31 Jan, 2005 12:00am
Tokyo shares seen moving sideways amid earnings

Tokyo shares seen moving sideways amid earnings

Japanese share prices are expected to stay flat in this week amid caution over further corporate profit warnings and ahead of a G7 meeting of rich countries which may address foreign exchange rate issues, analysts said Friday. The market would also closel
Published 31 Jan, 2005 12:00am
Asian units strengthen compared to US dollar

Asian units strengthen compared to US dollar

Most Asian units strengthened against the US dollar, reflecting its global weakness and with speculation growing over plans for the Chinese currency.
Published 31 Jan, 2005 12:00am
Jakarta shares to continue gains

Jakarta shares to continue gains

Indonesian share prices are expected to continue their record-breaking run as investors opt for undervalued stocks like Telkom, an analyst said on Friday. "The outlook remains good. I expect the index to hit 1,060 points next week," said Adrian Rusmana, c
Published 31 Jan, 2005 12:00am
Hong Kong stocks to trade in narrow range

Hong Kong stocks to trade in narrow range

Hong Kong shares are likely to trade in a narrow range this week as investors stay on the sidelines ahead of the US Federal Reserve meeting on Wednesday, dealers said on Friday. "Investors are concerned about the interest rate hike. If the US raises its r
Published 31 Jan, 2005 12:00am
US stocks: Iraq to set mood, Fed and jobs in focus

US stocks: Iraq to set mood, Fed and jobs in focus

Wall Street will turn its attention toward Iraq over the weekend, watching for any major disruptions during Sunday's election there and whether it will affect the country's oil output. Investors are worried that major violence in Iraq could choke off its
Published 31 Jan, 2005 12:00am
Taiwan stock market seen rising

Taiwan stock market seen rising

Taiwan share prices are expected to keep rising in the week ahead amid renewed interest in the leading electronics industry, dealers said. Investors were expected to buy select electronics stocks like the makers of optical parts and liquefied crystal disp
Published 31 Jan, 2005 12:00am
Australian shares expected to continue record-breaking run

Australian shares expected to continue record-breaking run

Australian share prices are expected to return to record levels this week as the market continues its strong start to 2005, dealers said on Friday. The benchmark SP/ASX200 index ended the week up 55.0 points or 1.4 percent at 4,098.9, while the broader Al
Published 31 Jan, 2005 12:00am
London stock market looks for bounce this week

London stock market looks for bounce this week

London investors were hoping that buoyant British economic growth would filter through to the capital's stock market this week, when a number of leading companies publish their annual results, analysts said on Friday. The FTSE 100 index of leading London
Published 31 Jan, 2005 12:00am
South Korean market enters volatile week

South Korean market enters volatile week

The South Korean stock market is expected to see a volatile week, with its direction dependent on how overseas markets handle major events scheduled in the coming days, dealers said on Friday. The rising won's value against the US dollar was also likely t
Published 31 Jan, 2005 12:00am
Sluggish trading in Thai stocks ahead of polls

Sluggish trading in Thai stocks ahead of polls

Thai stocks had a sluggish week ahead of national elections on February 6, with investors taking a wait-and-see approach even though the ruling party is widely tipped to win, analysts said on Friday. "I think the market will move in similar pattern next w
Published 31 Jan, 2005 12:00am
Earning reports to influence Singapore shares

Earning reports to influence Singapore shares

Corporate earnings are expected to move the Singapore stock market this week but concerns over a projected slowdown in the global technology sector could weigh down sentiment, dealers said. They said blue chip Singapore Telecommunications (SingTel) would
Published 31 Jan, 2005 12:00am
Algeria FLN meets to rebuild party

Algeria FLN meets to rebuild party

The National Liberation Front (FLN) began its long-awaited congress on Sunday to try to unify Algeria's largest political party and bring stability to a country emerging from more than a decade of violence. Solving the crisis of the FLN - torn apart by ba
Published 31 Jan, 2005 12:00am
US Jeddah consulate reopens after December attack

US Jeddah consulate reopens after December attack

The United States consulate in the Saudi city of Jeddah has reopened for the first time since an al Qaeda attack last month, the US embassy in Riyadh said on Sunday. "The consulate reopened on January 29th. It is back in full operation now," embassy spoke
Published 31 Jan, 2005 12:00am
Blast in Spanish hotel, ETA claims responsibility

Blast in Spanish hotel, ETA claims responsibility

An explosive device blew up in a seaside hotel in south-east Spain on Sunday, injuring at least one person, after a warning call in the name of the Basque separatist group ETA, officials said. The device had been hidden in a backpack and left on a patio i
Published 31 Jan, 2005 12:00am
Iran 'ready' to repel any US attack

Iran 'ready' to repel any US attack

Iran's top national security official Hassan Rowhani has said the armed forces are fully prepared for any military attack by the United States, press reports said Sunday. "Our plans are ready, and although an attack is very unlikely the plans have been ap
Published 31 Jan, 2005 12:00am
Israel to pull back from West Bank within days

Israel to pull back from West Bank within days

Israel said on Sunday it was ready to hand over control of several West Bank towns to the Palestinians within days, further fuelling hopes of a breakthrough in the Middle East peace process. The announcement came ahead of a first summit between Israeli Pr
Published 31 Jan, 2005 12:00am
US and UK have not rewarded Libya for giving up WMD: Kadhafi

US and UK have not rewarded Libya for giving up WMD: Kadhafi

Libyan leader Moamer Kadhafi has complained that he has not been sufficiently rewarded by the United States and Britain for agreeing to dismantle his weapons of mass destruction program. "They promised, but we haven't seen anything yet," Kadhafi said in a
Published 31 Jan, 2005 12:00am
US did not safeguard $8.8 billion of Iraq money

US did not safeguard $8.8 billion of Iraq money

The US-led authority that governed Iraq after the 2003 invasion did not properly safeguard $8.8 billion of Iraq's own money and this lack of oversight opened up these funds to corruption, said a US audit released on Sunday. The US Special Inspector Genera
Published 31 Jan, 2005 12:00am
Five killed in Afghan landmine attack

Five killed in Afghan landmine attack

Five people were killed and nine others were wounded on Sunday when their vehicle ran over a landmine in southern Afghanistan, a provincial official said. "Fourteen kilometres (nine miles) north of Kandahar city a pickup truck ran over a mine.... Five peo
Published 31 Jan, 2005 12:00am
Rice criticises actions of Iran and Syria in Iraq

Rice criticises actions of Iran and Syria in Iraq

US Secretary of State Condoleezza Rice expressed concern Sunday over the actions of Iran and Syria in neighbouring Iraq, saying the two countries have not been helpful. "We certainly are concerned by the role that Iran has tried to play in Iraq," Rice sai
Published 31 Jan, 2005 12:00am
Violence mars Bangladesh opposition strike

Violence mars Bangladesh opposition strike

Police beat back opposition activists with tear gas and baton charges in the Bangladesh capital Dhaka on Sunday as a nation-wide general strike entered a second day. At least 20 people were injured, witnesses said. Hundreds of opposition Awami League acti
Published 31 Jan, 2005 12:00am
Polish journalist reveals secret service records

Polish journalist reveals secret service records

A Polish journalist has distributed a list of 240,000 names from the records of the communist-era's secret service, fuelling a pre-election debate over politicians' connections to the former communist regime. Investigations into links between politicians
Published 31 Jan, 2005 12:00am
Baykal re-elected as Turkish opposition party leader

Baykal re-elected as Turkish opposition party leader

Turkish political veteran Deniz Baykal was re-elected Sunday as head of the main opposition People's Republican Party (CHP) after a stormy, and at times violent, congress which left several people injured. But his win was expected to exacerbate divisions
Published 31 Jan, 2005 12:00am
PLS profit rates

PLS profit rates

The KASB Bank Limited has announced the rates of profit on PLS deposits for the period of six months ended on 31st December 2004 as per press release issued here on Saturday.

Published 31 Jan, 2005 12:00am
LHC benches for the week

LHC benches for the week

As many as nine division benches and 21 single benches will work at principal seat of Lahore High Court (LHC) from the new week commencing from Monday (January 31, 2005). According to a notification issued by LHC, the said division benches are headed by J
Published 31 Jan, 2005 12:00am
China interested in buying TCP cotton stocks

China interested in buying TCP cotton stocks

Reports from cotton belts specially from Upper Sindh and Southern Punjab indicate that seed-cotton arrivals in gins have decreased and cotton arrivals in the second fortnight of January 5, are estimated around equivalent of 400,000 running bales making th
Published 31 Jan, 2005 12:00am
China interested in buying TCP cotton stocks

China interested in buying TCP cotton stocks

Reports from cotton belts specially from Upper Sindh and Southern Punjab indicate that seed-cotton arrivals in gins have decreased and cotton arrivals in the second fortnight of January 5, are estimated around equivalent of 400,000 running bales making th
Published 31 Jan, 2005 12:00am
Commodities depict mixed trend

Commodities depict mixed trend

A couple of essential commodities showed rising trend while others depicted mixed trend on the wholesale commodity markets during the week ended on January 29, 2005. The items showed rising trend were sugar, gur, wheat, Irri white, dyes raw rubber etc, Tr
Published 31 Jan, 2005 12:00am
Girl students to get free textbooks in NWFP

Girl students to get free textbooks in NWFP

NWFP Senior Minister Sirajul Haq on Sunday said that the provincial government is going to arrange free textbooks to all girl students till secondary level this year, while next year it would be also extended to male students also. Addressing Education co
Published 31 Jan, 2005 12:00am
KUJ elections on February 12

KUJ elections on February 12

The annual elections of the Karachi Union of Journalists (KUJ) will be held on February 12. This was announced by KUJ Secretary Fazil Jamil, on Sunday. The Election Committee headed by Qutubuddin Ahmed has notified the schedule for the these polls.
Published 31 Jan, 2005 12:00am