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May 12, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2005-02-16
US Treasuries mixed, yield curve flattens anew

US Treasuries mixed, yield curve flattens anew

US Treasuries were narrowly mixed on Monday as a lack of market-moving economic data left investors toying with the yield curve again. Federal Reserve Chairman Alan Greenspan is due to address Congress this week and his testimony is expected to set the to
Published 16 Feb, 2005 12:00am
Arsenal field entire foreign squad

Arsenal field entire foreign squad

Arsenal manager Arsene Wenger has defended his decision to field an entire squad without an English player in Monday's 5-1 win against Crystal Palace. Wenger fielded the first foreign 16-man squad in English football history because Ashley Cole was ill an
Published 16 Feb, 2005 12:00am
Kiwis Twenty/20 side will also play one-dayers

Kiwis Twenty/20 side will also play one-dayers

New Zealand Cricket on Tuesday named a one-day squad to face Australia unchanged from the line up that will meet the Aussies in a Twenty/20 international later this week. The New Zealand squad for the first two one-dayers of the five-match series:
Published 16 Feb, 2005 12:00am
Asian currencies: Taiwan dollar gains on equity inflows

Asian currencies: Taiwan dollar gains on equity inflows

The Taiwan dollar gained on Tuesday as foreign investors increased purchases of local shares on optimism about the island's economies and company earnings. Taiwan dollar strengthened a quarter of a percent to 31.58 per dollar, inching closer to a four-yea
Published 16 Feb, 2005 12:00am
Dollar falters in thin trade, focus on Greenspan

Dollar falters in thin trade, focus on Greenspan

The dollar weakened across the board on Monday in generally thin trading after the US unit's failure to break key technical barriers set off a wave of short-covering in other currencies. "Dollar buyers ran out of gas once we couldn't break through $1.2750
Published 16 Feb, 2005 12:00am
Dollar recovers but buyers pause ahead of data

Dollar recovers but buyers pause ahead of data

The dollar recovered on Tuesday from the previous day's losses but trading was subdued as market participants braced for capital flows data which will show how the United States is funding its current account deficit. With the dollar at a crossroads after
Published 16 Feb, 2005 12:00am
Swiss franc little hovers, awaits US capital flows data

Swiss franc little hovers, awaits US capital flows data

The Swiss franc was little changed in early trade on Tuesday as dealers awaited US capital flows data which will show how the US is funding its current account deficit. The dollar last changed hands at 1.1976/82 francs virtually unchanged from 1.1979/83 i
Published 16 Feb, 2005 12:00am
Hong Kong dollar hovers near peg, US data eyed

Hong Kong dollar hovers near peg, US data eyed

The Hong Kong dollar held onto the weaker side of its recent range against the US currency on Tuesday, triggering some worries about further fund outflows from the territory in the near term. The local currency weakened to 7.7999 before trading back to 7.
Published 16 Feb, 2005 12:00am
Bangladeshi taka weaker on dollar import demand

Bangladeshi taka weaker on dollar import demand

The Bangladeshi taka ended weaker on Tuesday on US dollar demand for the payment of imports of machinery and industrial raw materials, dealers said. The taka was quoted at 63.15/63.40 per dollar, from 63.10/63.28 on Monday. Call rates traded between 6.0 p
Published 16 Feb, 2005 12:00am
Sri Lankan stocks fall

Sri Lankan stocks fall

Sri Lankan stocks dipped on Tuesday, dragged down by foreign selling in the bourse's top three shares, brokers said. The key Colombo all-share index fell a provisional 0.33 percent, or 5.63 points, to 1,703.69 points. However the index is still near life
Published 16 Feb, 2005 12:00am
Nikkei finishes at fresh 7-1/2-month high

Nikkei finishes at fresh 7-1/2-month high

The Nikkei share average rose 0.12 percent to a 7-1/2-month closing high on Tuesday, supported by gains in financial shares as investors saw chances of more industry consolidation and on optimism over Japan's economy. Electronic components maker Alps Elec
Published 16 Feb, 2005 12:00am
Singapore shares close flat

Singapore shares close flat

Singapore share prices closed little changed on Tuesday, kept in check by selective profit-taking after recent gains, dealers said. They said that with the government's new Budget due Friday unlikely to deliver any surprises, the emphasis would rest on up
Published 16 Feb, 2005 12:00am
Philippines shares make gains

Philippines shares make gains

Philippines share prices closed up 0.27 percent on Tuesday, recovering from sharp early losses following a series of bomb attacks late Monday to hit fresh five-year highs, dealers said. Bomb attacks by al Qaeda-linked Abu Sayyaf militants in three cities,
Published 16 Feb, 2005 12:00am
Jakarta shares up

Jakarta shares up

Indonesian share prices closed up 1.57 percent on Tuesday for yet another record finish, with investors confident ahead of expected strong growth figures for 2004 due Wednesday, dealers said. The Jakarta Stock Exchange composite index added 16.467 points
Published 16 Feb, 2005 12:00am
US Treasuries mixed, yield curve flattens anew

US Treasuries mixed, yield curve flattens anew

US Treasuries were narrowly mixed on Monday as a lack of market-moving economic data left investors toying with the yield curve again. Federal Reserve Chairman Alan Greenspan is due to address Congress this week and his testimony is expected to set the to
Published 16 Feb, 2005 12:00am
ATP seeds Mirnyi and Fish make narrow escapes

ATP seeds Mirnyi and Fish make narrow escapes

Eighth seed Max Mirnyi rescued three match points while sixth seed Mardy Fish held off fellow American James Blake as both advanced in three-set thrillers at an ATP and WTA event here on Monday. Mirnyi outlasted American teen Brian Baker 7-6 (7/1), 6-7 (1
Published 16 Feb, 2005 12:00am
Thai shares rally

Thai shares rally

Thai share prices closed 1.11 percent higher on Tuesday on selective buying by local investors, analysts said. The Stock Exchange of Thailand (SET) index rose 8.11 points to 736.91 and the blue chip SET 50 index was up 0.61 points at 51.76. Gainers led lo
Published 16 Feb, 2005 12:00am
US blue chip stocks dip, Apple buoys Nasdaq

US blue chip stocks dip, Apple buoys Nasdaq

US blue chip stocks finished slightly lower on Monday, pulled down by a drop in the shares of American International Group Inc as a regulatory probe widened. But the Nasdaq got a lift from a 4 percent jump in Apple Computer Inc, which shot higher after UB
Published 16 Feb, 2005 12:00am
Hong Kong stocks end slightly lower after recent gains

Hong Kong stocks end slightly lower after recent gains

Hong Kong blue chips ended slightly lower on Tuesday, after closing at their highest level in nearly six weeks in the previous session following the long Lunar New Year holiday. Investors were cautious as they awaited testimony by US Federal Reserve Chair
Published 16 Feb, 2005 12:00am
Malaysian shares surge

Malaysian shares surge

Malaysian share prices closed 0.15 percent higher on Tuesday but the market was mixed overall, with light profit-taking evident as investors waited for a fresh lead, dealers said. The Kuala Lumpur Composite Index was up 1.4 points at 921.31. Volume was 45
Published 16 Feb, 2005 12:00am
Indian shares slip

Indian shares slip

India's key share index slid a bit from the previous session's record peak on Tuesday as investors got pre-budget jitters and federal bonds retreated on concern over the latest spurt in global oil prices. The key 30-share Mumbai Stock Exchange index fell
Published 16 Feb, 2005 12:00am
US retail sales dip in January

US retail sales dip in January

US retail sales dipped 0.3 percent in January as automobile sales fell sharply, but purchases outside the volatile car sector gained a healthy 0.6 percent, a government report showed on Tuesday. While overall retail sales turned in their weakest performan
Published 16 Feb, 2005 12:00am
Ericsson sees mass market for ultra-fast HSDPA

Ericsson sees mass market for ultra-fast HSDPA

The world's top mobile network maker Ericsson said on Tuesday it expected operators would begin to launch the ultra-fast HSDPA mobile networks at the end of this year with a mass market in 2006. HSDPA, which stands for High-Speed Downlink Packet Access, w
Published 16 Feb, 2005 12:00am
Eurozone growth hit by shock dips in Germany and Italy

Eurozone growth hit by shock dips in Germany and Italy

Eurozone growth almost ground to a halt as Germany and Italy flirted with recession late in 2004 but high-spending French and Spanish shoppers ensured 2 percent growth for the year as a whole. The European Commission said however it saw no reason to cut i
Published 16 Feb, 2005 12:00am
World Bank cool on interim WTO deal's gains

World Bank cool on interim WTO deal's gains

Far from being a landmark, a recent deal reviving free-trade talks would yield only a fraction of the potential gains that would flow from removing all barriers to global commerce, a top World Bank economist said on Tuesday. When rich and poor nations rea
Published 16 Feb, 2005 12:00am
US Airways gets extended bankruptcy plan deadline

US Airways gets extended bankruptcy plan deadline

US Airways Group Inc and its largest creditor, General Electric Co, amended their aircraft restructuring agreement on Monday to give the carrier 30 more days to file a reorganisation plan, the airline said. While a bankruptcy judge in Alexandria, Virginia
Published 16 Feb, 2005 12:00am
European court backs activists in 'McLibel' case

European court backs activists in 'McLibel' case

Two activists found to have libelled the US fast food chain McDonald's after the longest court case in English legal history did not have a fair trial, the European Court of Human Rights ruled on Tuesday. Helen Steel and David Morris, whose 1984 pamphlet
Published 16 Feb, 2005 12:00am
India to put banks under Basel regime in 2007

India to put banks under Basel regime in 2007

Indian banks will be required to adopt a simple form of new capital safety rules known as Basel II by March 31, 2007 in a move to align them with international standards, the Reserve Bank of India (RBI) said on Tuesday. The move to modernise the safety st
Published 16 Feb, 2005 12:00am
Nomura and Rothschild link

Nomura and Rothschild link

Investment banks Nomura Holdings Inc and Rothschild have formed an alliance in the merger and acquisition (M&A) advisory business, extending each other's clout overseas. The alliance will focus on cross-border M&A between Europe and Japan, allowing the ba
Published 16 Feb, 2005 12:00am
18 injured in poll violence in India

18 injured in poll violence in India

At least 18 people were injured in bomb attacks and clashes between rival groups as millions of Indians voted Tuesday in the second leg of elections in two eastern states amid a poll boycott called by Maoist rebels. Police commandos patrolled in helicopte
Published 16 Feb, 2005 12:00am
Sterling eases versus dollar and euro

Sterling eases versus dollar and euro

Sterling eased against the euro and the dollar on Tuesday as investors booked profits on the British currency's recent rally ahead of Wednesday's quarterly Inflation Report from the Bank of England. The BoE's assessment of the economy and inflation projec
Published 16 Feb, 2005 12:00am
Indian rupee weakens

Indian rupee weakens

The rupee ended weaker on Tuesday, giving up most of the previous day's gains, after India's central bank mopped up the bulk of dollar inflows from foreign funds investing in the country's booming stock market, dealers said. The rupee ended at 43.8150/820
Published 16 Feb, 2005 12:00am
New West Bank settlement planned for years: Israel

New West Bank settlement planned for years: Israel

Israel disclosed on Tuesday it had long-standing plans to build a new Jewish settlement in the West Bank but had set no date for the start of a project likely to harm efforts to revive peacemaking with Palestinians. Housing and Construction Minister Isaac
Published 16 Feb, 2005 12:00am
Shia Jaafari front-runner to become Prime Minister

Shia Jaafari front-runner to become Prime Minister

Shia politician and former exile Ibrahim al-Jaafari emerged as the front-runner on Tuesday to become Iraq's new prime minister as horse-trading to decide the line-up of the next government entered the final stages. Jaafari, a physician and father of five,
Published 16 Feb, 2005 12:00am
Afghan avalanche kills 10, injures 14

Afghan avalanche kills 10, injures 14

At least 10 people were killed and 14 others injured when an avalanche hit a village in the Panjshir valley north of the Afghan capital, an official said Tuesday. The avalanche on Monday struck Dar-e-Noor, a remote district in the Panjshir valley, trappin
Published 16 Feb, 2005 12:00am
12 rebels dead in Nepal clashes

12 rebels dead in Nepal clashes

At least 12 Maoist rebels died in separate clashes with security forces in remote villages in the Himalayan kingdom, an army source said Tuesday. Ten Maoists were killed Sunday in the far south-east Morang district.
Published 16 Feb, 2005 12:00am
Next Iraqi government will be Islamic, says Allawi

Next Iraqi government will be Islamic, says Allawi

Iraq's interim Prime Minister Iyad Allawi said on Tuesday he expected the country's next government to be Islamist but hoped that more liberal voices would be heard in the shaping of Iraq's future. In his first interview since the January 30 vote, Iraq's
Published 16 Feb, 2005 12:00am
Japan cabinet okays swifter action against missiles

Japan cabinet okays swifter action against missiles

Japan's cabinet approved a bill on Tuesday that would revise the country's defence laws to allow a swifter response to ballistic missile attacks, a move targetted at the threat posed by North Korea's missile arsenal. The bill would allow the defence minis
Published 16 Feb, 2005 12:00am
Singapore and Indonesia agree to seal extradition pact

Singapore and Indonesia agree to seal extradition pact

Southeast Asian neighbours Singapore and Indonesia agreed on Tuesday to conclude an extradition treaty sought by Indonesian authorities to put on trial corrupt bankers, suspected militants and other fugitives. In a sign of growing ties, Indonesian Preside
Published 16 Feb, 2005 12:00am
Israel sets new conditions for talks with Syria

Israel sets new conditions for talks with Syria

Israeli Prime Minister Ariel Sharon set new conditions for any negotiations with Syria on Tuesday, saying Damascus must first withdraw troops from Lebanon in line with a UN resolution. Israel had previously said only that Syria had to stop supporting Pale
Published 16 Feb, 2005 12:00am
US envoy in Syria summoned home

US envoy in Syria summoned home

President George W. Bush recalled the US ambassador in Syria for urgent consultations following the killing of former Lebanese Prime Minister Rafik al-Hariri in Beirut, US officials said on Tuesday. The move is a sign of US displeasure over Syria's milita
Published 16 Feb, 2005 12:00am
EU armies not up to bloc's ambition: defence agency

EU armies not up to bloc's ambition: defence agency

Europe suffers from an "embarrassing gap" between its aspiration for a leading defence role on the world stage and its limited military strength, the head of the EU's new defence agency said on Tuesday. European countries must take more joint decisions on
Published 16 Feb, 2005 12:00am
Hariri's assassination: Lebanon blames likely suicide attacker

Hariri's assassination: Lebanon blames likely suicide attacker

Lebanon said Tuesday a suicide bomber was probably behind the massive attack that killed former prime minister Rafiq Hariri as a mob of angry mourners turned on a group of Syrian workers to avenge his death. The army was on high alert as the country was p
Published 16 Feb, 2005 12:00am
Dollar falls to 11-day low versus euro

Dollar falls to 11-day low versus euro

The dollar dropped to an 11-day low against the euro on Tuesday, on the defensive as the market waited for US December capital flows data, an indicator of foreign financing of the nation's large current account deficit. The closely-watched figures due at
Published 16 Feb, 2005 12:00am
Kyrgyzstan rejects reconaissance planes deployment

Kyrgyzstan rejects reconaissance planes deployment

Kyrgyzstan has rejected a request by Washington to deploy AWACS reconnaisance planes at a base used by the United States to support operations in Afghanistan, Kyrgyzstan's foreign minister said Tuesday. The request to deploy the planes at a base near Kyrg
Published 16 Feb, 2005 12:00am
Silva suffers major defeat in Congress

Silva suffers major defeat in Congress

Brazil's president suffered a stunning defeat on Tuesday in the fight for the leadership of the lower house of Congress that could put at risk reform proposals that have impressed investors. Lawmakers chose Severino Cavalcanti of the small Progressive Par
Published 16 Feb, 2005 12:00am
Strikes hit Bangladesh

Strikes hit Bangladesh

The eighth general strike in just three weeks largely paralysed Bangladesh on Tuesday and the country's main opposition party said there would be no let up in its campaign to oust Prime Minister Khaleda Zia from power. Most buses and cars were off the roa
Published 16 Feb, 2005 12:00am
Police clash with pro-Ocalan protestors in Turkey

Police clash with pro-Ocalan protestors in Turkey

At least 18 people were injured and 70 others detained across Turkey Tuesday when police clashed with Kurdish activists at demonstrations marking the capture of Kurdish rebel leader Abdullah Ocalan six years ago. The most troubled protest was in Diyarbaki
Published 16 Feb, 2005 12:00am
UK Conservative to test immigrants for tuberculosis and HIV

UK Conservative to test immigrants for tuberculosis and HIV

Britain's main opposition Conservative party promised Tuesday to test immigrants from outside the European Union (EU) for HIV, tuberculosis and other diseases if it wins elections expected in May. Under the plan, modelled on schemes in Australia, New Zeal
Published 16 Feb, 2005 12:00am
Twin US doctors accused of switching IDs, abusing women

Twin US doctors accused of switching IDs, abusing women

An attorney has filed the latest in a series of civil lawsuits against twin physician brothers, accusing them of impersonating one another and sexually assaulting female patients in an obstetric-gynaecology practice. In a complaint filed in King County Su
Published 16 Feb, 2005 12:00am
Kyoto protocol about to bite, UN calls it first step

Kyoto protocol about to bite, UN calls it first step

Rejected by the United States, the world's plan to combat global warming goes into force on Wednesday amid scant fanfare and UN warnings that it is only a tiny first step The 141-nation Kyoto protocol aims to brake a rise in temperatures widely blamed on
Published 16 Feb, 2005 12:00am
Iraq war was illegal, British court told

Iraq war was illegal, British court told

British opponents of the Iraq war arrested for breaking into military bases were denied justice because the conflict itself was illegal, a court case with potentially far-reaching implications was told Tuesday. A group of protestors convicted of aggravate
Published 16 Feb, 2005 12:00am
George Bush renominates 20 failed judicial nominees

George Bush renominates 20 failed judicial nominees

US President George W. Bush set up a showdown with Senate Democrats on Monday by re-nominating 20 failed judicial nominees, many of whom had been denounced by critics as "right-wing extremists." The renewed battle over the nominees promises to produce ple
Published 16 Feb, 2005 12:00am
US Senator says more Iran and North Korea intelligence needed

US Senator says more Iran and North Korea intelligence needed

US intelligence on Iran and North Korea has come up short, partly because of distractions posed by war in Iraq and Afghanistan, the two top members of the Senate's intelligence committee said on Monday. In an interview with Reuters, Republican Sen. Pat Ro
Published 16 Feb, 2005 12:00am
PCB chairman states correct position before Senators

PCB chairman states correct position before Senators

International and national agencies had already verified that Pakistan-India cricket series, 2004, remained free of match fixing and national coach Bob Woolmer was being paid almost the same remunerations as being given to foreign coaches in the neighbour
Published 16 Feb, 2005 12:00am
ICC steps in to resolve India, Pakistan row over Test venue

ICC steps in to resolve India, Pakistan row over Test venue

International Cricket Council (ICC) on Tuesday moved in to resolve the imbroglio over Pakistan's refusal to play a Test match in Ahmedabad during their first tour of India in six years starting later this month. The dispute has delayed the announcement of
Published 16 Feb, 2005 12:00am
Shoaib faces disciplinary committee before India tour

Shoaib faces disciplinary committee before India tour

Strike bowler Shoaib Akhtar is to appear before a Pakistan Cricket Board (PCB) disciplinary committee on Thursday, two days before the squad to tour India is selected. Shoaib has been charged with breaching his contract by visiting night-clubs while on to
Published 16 Feb, 2005 12:00am
Growth rate now at 6.6 percent: foreign office

Growth rate now at 6.6 percent: foreign office

An official spokesman for the Foreign Office has claimed that the Pakistan was on an ascendant course and the macro-economic indicators showed the growth rate had crossed 6.6 percent. The national equity and stock shares, Masood Khan told a briefing here
Published 16 Feb, 2005 12:00am
DFIs asked to submit branches opening plan

DFIs asked to submit branches opening plan

The State Bank has asked all development financial institutions (DFIs) to submit to the SBP their annual development plan for opening of branches. "Effective immediately, each Development Financial Institution (DFI) shall submit to State Bank of Pakistan
Published 16 Feb, 2005 12:00am
DFIs asked to submit branches opening plan

DFIs asked to submit branches opening plan

The State Bank has asked all development financial institutions (DFIs) to submit to the SBP their annual development plan for opening of branches. "Effective immediately, each Development Financial Institution (DFI) shall submit to State Bank of Pakistan
Published 16 Feb, 2005 12:00am
Straw visits madressa in Gujrat

Straw visits madressa in Gujrat

British Foreign Secretary Jack Straw visited Qamarul Uloom Jamia Moazmia here on Tuesday afternoon. Accompanied by Punjab Chief Minister Chaudhry Pervaiz Elahi, Jack Straw and his entourage was received by Punjab education minister Mian Imran Masood, Punj
Published 16 Feb, 2005 12:00am
Straw visits madressa in Gujrat

Straw visits madressa in Gujrat

British Foreign Secretary Jack Straw visited Qamarul Uloom Jamia Moazmia here on Tuesday afternoon. Accompanied by Punjab Chief Minister Chaudhry Pervaiz Elahi, Jack Straw and his entourage was received by Punjab education minister Mian Imran Masood, Punj
Published 16 Feb, 2005 12:00am
Customs Intelligence DG given legal cover: powers not enhanced

Customs Intelligence DG given legal cover: powers not enhanced

Central Board of Revenue Chairman Abdullah Yusuf has said that the CBR has given legal backing to the Directorate-General, Intelligence and Investigation, Customs and Excise, to function properly and its role is also being re-defined to minimise reliance
Published 16 Feb, 2005 12:00am
Customs Intelligence DG given legal cover: powers not enhanced

Customs Intelligence DG given legal cover: powers not enhanced

Central Board of Revenue Chairman Abdullah Yusuf has said that the CBR has given legal backing to the Directorate-General, Intelligence and Investigation, Customs and Excise, to function properly and its role is also being re-defined to minimise reliance
Published 16 Feb, 2005 12:00am
Justice Dogar takes oath as Acting Chief Election Commissioner

Justice Dogar takes oath as Acting Chief Election Commissioner

Justice Abdul Hameed Dogar, Judge of the Supreme Court of Pakistan on Tuesday took oath of his office as Acting Chief Election Commissioner (CEC) of Pakistan. Chief Justice of Pakistan, Justice Nazim Hussain Siddiqui administered the oath. Oath taking cer
Published 16 Feb, 2005 12:00am
Benazir Bhutto-Nawaz meeting termed a turning point

Benazir Bhutto-Nawaz meeting termed a turning point

The meeting between former premiers Benazir Bhutto and Nawaz Sharif was described as historic and a turning point in the political history of Pakistan by Pakistan Muslim League (Nawaz) Ahsan Iqbal leader, who was present at the meeting in Jeddah. A report
Published 16 Feb, 2005 12:00am
Inflation may surpass seven percent by June

Inflation may surpass seven percent by June

Consumer Price index (CPI) for July-January 2005 has risen to 8.76 percent, up from 3.38 percent in the same period last year. According to the Federal Bureau of Statistics, Sensitive Price Indicator (SPI) during the same period increased to 11.93 percent
Published 16 Feb, 2005 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on Tuesday (February 15, 2005).

Published 16 Feb, 2005 12:00am
Qatar gas line tech body to meet in Doha next week

Qatar gas line tech body to meet in Doha next week

After 14 years, Pakistan and Qatar on Tuesday constituted a two-member technical committee to study the 'Gulf South Asia' pipeline project. The committee would submit compliance report as early as possible to start construction work on the project. Petrol
Published 16 Feb, 2005 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on Tuesday (February 15, 2005).

Published 16 Feb, 2005 12:00am
Sugar prices take Rs two jump in Islamabad

Sugar prices take Rs two jump in Islamabad

Sugar prices took a sudden jump in the local retail market by Rs 2 per kg to Rs 28 per kg on Tuesday. No reason was available for this sudden hike but retailers forecast still further rise in the coming days. The commodity, however, was not in short suppl
Published 16 Feb, 2005 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on Tuesday (February 15, 2005).

Published 16 Feb, 2005 12:00am
Telenor presentation today

Telenor presentation today

There will be a presentation of Telenor in Pakistan at the FPCCI House here on Wednesday. Helge Dietrichson, Director Communications, Telenor Pakistan, announced this on Tuesday. The President of Telenor, Tore Johnson, Executive Vice President, Irfan Waha
Published 16 Feb, 2005 12:00am
Khan's network completely dismantled, Senate informed

Khan's network completely dismantled, Senate informed

Pakistan said in categorical terms on Tuesday that the illegal and illicit network of nuclear scientist Dr Abdul Qadeer Khan had been dismantled. State Minister for Foreign Affairs Khusro Bakhtiar informed the Senate that the illegal or illicit network, w
Published 16 Feb, 2005 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

The last session of the Senate's second year concluded on Tuesday, rightly not a day late because it was left with no business to transact. In fact, for the last five sittings the house was meeting more to complete 90-day constitutional work mandate than
Published 16 Feb, 2005 12:00am
Rockets fired at troops near Quetta

Rockets fired at troops near Quetta

Suspected militants launched rockets at a checkpoint and a paramilitary troop camp in restive south-western Pakistan, but caused no casualties, officials said on Tuesday. Four rockets were fired at a Frontier Corps checkpoint on Monday in Albad, some 180k
Published 16 Feb, 2005 12:00am
Six militants held

Six militants held

Police on Tuesday said they had arrested six militants suspected of involvement in two attacks on Shias in which more than 100 people were killed. The men were arrested on Monday night in a series of raids in Dera Murad Jamali, about 230km south-east of Q
Published 16 Feb, 2005 12:00am
CIA report refuted: Pakistan's nuclear assets well protected

CIA report refuted: Pakistan's nuclear assets well protected

Reacting very strongly to the CIA report on the possibility of 'Pakistani and Russian nuclear assets being stolen during the next 15 years', the Foreign Office spokesman on Tuesday gave it a lie, saying that the country has an elaborate command and custod
Published 16 Feb, 2005 12:00am
PAMCL announces 15 percent dividend, 25 percent bonus

PAMCL announces 15 percent dividend, 25 percent bonus

Picic Asset Management Company Ltd (PAMCL) has announced 15 percent interim cash dividend and 25 percent bonus for Picic Investment Fund (PIF) and Picic Growth Fund (PGF), respectively. The company made this announcement on Tuesday after its board of dire
Published 16 Feb, 2005 12:00am
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