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Print - 2005-03-11
Philippine village buries poisoned children

Philippine village buries poisoned children

Hundreds of grieving villagers walked under scorching sun on Thursday to bury 12 of 26 Filipino children poisoned by a cassava snack they ate at school in central Philippines. President Gloria Macapagal Arroyo ordered officials to release funds to the fam
Published 11 Mar, 2005 12:00am
Last Supper advertisement: Catholic Church sues fashion house

Last Supper advertisement: Catholic Church sues fashion house

France's Catholic Church sought an injunction from the courts Thursday to ban an advertisement for a leading fashion house which is based on Leonardo da Vinci's famous painting of Christ's Last Supper. The advertisement - for Marithe and Francois Girbaud
Published 11 Mar, 2005 12:00am
Tibet can be part of China: Dalai Lama

Tibet can be part of China: Dalai Lama

The Dalai Lama, seen by Beijing as a symbol of Tibetan separatism, said on Thursday he and his followers were ready to accept that the region remains a part of China. "I once again want to reassure the Chinese authorities that as long as I am responsible
Published 11 Mar, 2005 12:00am
Israel and US war game eyes Iranian missiles

Israel and US war game eyes Iranian missiles

Israel and visiting US troops began a biennial air-defence exercise on Thursday that Israeli security sources said aimed to boost the Jewish state's preparedness for any future Iranian missile strike. The month-long war game, codenamed Juniper Cobra, will
Published 11 Mar, 2005 12:00am
Labour reform protests, strikes hit France

Labour reform protests, strikes hit France

Tens of thousands of French workers marched on Paris on Thursday and strikes crippled public transport, embarrassing the government as Olympic officials visited to assess the city's bid to host the 2012 Games. "We would have preferred a better advertiseme
Published 11 Mar, 2005 12:00am
Judge issues warrant for Jackson's arrest

Judge issues warrant for Jackson's arrest

The judge in Michael Jackson's child molestation case issued a warrant for the entertainer's arrest after Jackson failed to show up for his trial on Thursday, the day his young accuser was set to continue his testimony. Jackson's attorney explained that t
Published 11 Mar, 2005 12:00am
Spanish Muslims to issue fatwa against Osama

Spanish Muslims to issue fatwa against Osama

Spain's Islamic Commission, grouping the nation's Muslim community, said Thursday it was issuing a fatwa against al Qaeda leader Osama bin Laden, in the name of whose network last year's Madrid train bombings were claimed. "We are going to issue a fatwa (
Published 11 Mar, 2005 12:00am
Karameh agrees to return as Lebanon Prime Minister

Karameh agrees to return as Lebanon Prime Minister

Pro-Syrian politician Omar Karameh agreed Thursday to return as Lebanon's prime minister at the head of a national unity cabinet, in a move promptly rejected by the opposition as a "provocation." Just ten days after quitting amid anti-Syrian mass protests
Published 11 Mar, 2005 12:00am
Annan outlines five-point strategy to fight terrorism

Annan outlines five-point strategy to fight terrorism

UN chief Kofi Annan on Thursday outlined a five-point global strategy to fighting terrorism which called for dissuasive, preventive and deterrent measures - without sacrificing human rights. He detailed the plan in a speech to an international conference
Published 11 Mar, 2005 12:00am
30 killed as Iraqi mosque attacked

30 killed as Iraqi mosque attacked

A suicide bomber struck a mosque during a funeral in the northern city of Mosul on Thursday, killing as many as 30 people and wounding dozens in a fresh attack against the country's newly-empowered majority. A police official in Baghdad said 30 people wer
Published 11 Mar, 2005 12:00am
US ready to accept Hizbollah

US ready to accept Hizbollah

In a major foreign policy shift, the Bush administration is ready to accept long-time pariah and armed group Hizbollah as a player in mainstream politics in Lebanon, The New York Times reported on Thursday. The story was swiftly disputed by the Bush admin
Published 11 Mar, 2005 12:00am
Unpopular Hong Kong leader quits

Unpopular Hong Kong leader quits

Embattled Hong Kong leader Tung Chee-hwa, whose unpopular leadership sparked massive pro-democracy protests which rattled Beijing, resigned on Thursday, ending more than a week of speculation. "An hour ago I tendered my resignation as chief executive ...
Published 11 Mar, 2005 12:00am
US quits accord on diplomatic access to inmates

US quits accord on diplomatic access to inmates

The United States has withdrawn from an international agreement that gives jailed foreigners the right to talk to consular officers, a protocol that critics of capital punishment used to win reviews of death sentences given to 51 Mexicans jailed here. Sta
Published 11 Mar, 2005 12:00am
Blair fails to quell opposition to terror bill

Blair fails to quell opposition to terror bill

Britain's House of Lords rejected key parts of Prime Minister Tony Blair's terrorism bill on Thursday, as a senior policeman warned of dangerous consequences if it is not passed by early next week. Current powers to keep foreign terrorism suspects in jail
Published 11 Mar, 2005 12:00am
US tells India of its concerns over Iran pipeline

US tells India of its concerns over Iran pipeline

The United States has reminded India about its concerns over Iran, as New Delhi prepares for talks on a $4 billion pipeline to bring Iranian gas to South Asia, the Indian oil minister said on Thursday. Mani Shankar Aiyar said New Delhi had "noted" Washing
Published 11 Mar, 2005 12:00am
Former Ukrainian leader testifies in murder case

Former Ukrainian leader testifies in murder case

Former Ukrainian President Leonid Kuchma, accused by rivals of involvement in the murder of an investigative reporter, gave evidence on Thursday in the long-running inquiry which dogged his later years in office. Kuchma has consistently denied he had anyt
Published 11 Mar, 2005 12:00am
Typing error causes nuclear scare in Sudan

Typing error causes nuclear scare in Sudan

A stenographer for the US Congress generated alarming headlines in the Sudanese press this week by giving the mistaken impression the United States conducted nuclear tests in the African country in 1962 and 1970. The Sudanese government asked the United S
Published 11 Mar, 2005 12:00am
Fatah gunmen storm West Bank meeting

Fatah gunmen storm West Bank meeting

Gunmen from the ruling Palestinian Fatah faction broke up a meeting of the party about reform on Thursday in a fresh blow to President Mahmoud Abbas's bid to end internal chaos and talk peace with Israel. Some 30 armed men from the al-Aqsa Matryrs Brigade
Published 11 Mar, 2005 12:00am
Pentagon clears top personnel and policies in abuses

Pentagon clears top personnel and policies in abuses

The Pentagon said its policies and top officials did not cause the mistreatment of detainees in Iraq, Afghanistan and Guantanamo Bay, but in a report released on Thursday cited a series of missed opportunities to correct lapses that led to the abuses. The
Published 11 Mar, 2005 12:00am
Indian rupee at one-month high

Indian rupee at one-month high

The rupee posted its best finish in a month on Thursday as it rode higher against the beleaguered dollar on strong capital inflows and dealers said it would have gained more but for renewed central bank intervention. The rupee ended at 43.5850/5950 per do
Published 11 Mar, 2005 12:00am
Pound loses out to euro

Pound loses out to euro

Sterling held near this year's high against the dollar but hit a seven-week low against the euro on Thursday as a UK interest rate decision played second fiddle to broader market moves. The Bank of England (BoE) kept rates at 4.75 percent for the seventh
Published 11 Mar, 2005 12:00am
Dollar hits two-month low versus euro

Dollar hits two-month low versus euro

The dollar plumbed two-month lows against the euro on Thursday after comments from Japan's Prime Minister raised more fears about Asian central banks diversifying their FX reserves away from the US currency. Junichiro Koizumi said in response to questions
Published 11 Mar, 2005 12:00am
Indian shares firmer

Indian shares firmer

Indian shares wiped out some of the previous day's losses to end firmer on Thursday as foreign investors kept pumping money into Asia's fourth-largest economy, pushing the rupee to a one-month high. The benchmark 30-share Mumbai index ended 0.22 percent h
Published 11 Mar, 2005 12:00am
US Stocks: Thursday's unofficial close

US Stocks: Thursday's unofficial close

US technology stocks fell Thursday ahead of a business update from bellwether Intel Corp, while blue chip shares were flat as an easing in oil prices hurt energy shares. Intel, the world's largest chipmaker, will update its first-quarter financial targets
Published 11 Mar, 2005 12:00am
New corporate bonds widen

New corporate bonds widen

Corporate bonds issued earlier in the week widened in Europe on Thursday as investors turned wary in a market weakened by a plethora of new issues and an uncertain macroeconomic backdrop. "The market is very much focused on what happens in yields. If trea
Published 11 Mar, 2005 12:00am
New corporate bonds widen

New corporate bonds widen

Corporate bonds issued earlier in the week widened in Europe on Thursday as investors turned wary in a market weakened by a plethora of new issues and an uncertain macroeconomic backdrop. "The market is very much focused on what happens in yields. If trea
Published 11 Mar, 2005 12:00am
Philippines shares close lower

Philippines shares close lower

Philippines share prices closed 0.91 percent lower on Thursday as profit-taking took hold after a one-day recovery proved short-lived on fears shares are overpriced, dealers said. They said the market remains at an overbought level following its recent ra
Published 11 Mar, 2005 12:00am
FTSE slides further below 5,000 as oil majors fall

FTSE slides further below 5,000 as oil majors fall

Britain's benchmark FTSE 100 index slithered further below 5,000 points to score its lowest close for over a month on Thursday as oil majors BP and Shell fell 2 percent after a retreat in the oil price. The Bank of England surprised no one when it left ra
Published 11 Mar, 2005 12:00am
Bulgaria to ban some GMOs

Bulgaria to ban some GMOs

Bulgaria's parliament will pass a law on Friday banning the production of some genetically modified organisms (GMOs) to harmonise the Balkan state's legislation with EU norms. The law will ban the growing or sale of a list of products including wheat, tob
Published 11 Mar, 2005 12:00am
EU fails to raise wheat export subsidy levels

EU fails to raise wheat export subsidy levels

The European Commission failed to raise the level of wheat export subsidies on Thursday, granting a 10 euro per tonne refund on only 2,000 tonnes - far below the level expected by EU exporters. But on the other hand it opened tenders to export almost 800,
Published 11 Mar, 2005 12:00am
World oil drops 2 percent as US supplies grow

World oil drops 2 percent as US supplies grow

Oil prices fell more than 2 percent from near-record highs on Thursday as traders turned their attention to swelling crude stockpiles in the United States, the world's largest energy market. Losses were limited by lingering concerns that global energy dem
Published 11 Mar, 2005 12:00am
London coffee higher

London coffee higher

London robusta coffee futures edged up in quiet trade at midday on Thursday on speculative buying, and traders said the market was consolidating ahead of a likely push soon towards five-year highs. May was up $17 at $1,017 in volume of 1,270 lots at 1228
Published 11 Mar, 2005 12:00am
New York cotton futures surge

New York cotton futures surge

Cotton futures ended Thursday near a 6-month high on a steady barrage of speculative buying and rallies in other commodity markets like orange juice and coffee, analysts said. The New York Board of Trade's key May contract increased 0.65 cent to close at
Published 11 Mar, 2005 12:00am
London cocoa ends up on speculative buying

London cocoa ends up on speculative buying

London cocoa closed up on Thursday but off earlier highs after a weaker-than-expected performance in New York led some speculators to book profits. Volumes were mainly fixed on the March/May spread, traders said. Fund and speculative buying had lifted the
Published 11 Mar, 2005 12:00am
Base metals mixed, markets jumpy

Base metals mixed, markets jumpy

Base metals were largely restrained during Thursday afternoon trade on the London Metal Exchange (LME) amid profit-taking, and contracts ended mixed, traders said. "It is all a bit unpredictable - in fact it changes hour by hour. Copper had a bounce and t
Published 11 Mar, 2005 12:00am
European gold quietly steady near 2005 peak

European gold quietly steady near 2005 peak

Gold was holding quietly steady in Europe on Thursday after spiking to a fresh 2005 high in early trade at $442.40 per ounce, with dealers looking to currencies to drive more investors into the metal. Spot gold stood at $440.80/441.50 by 1531 GMT, from la
Published 11 Mar, 2005 12:00am
US MIDDAY: coffee moves up on fund buying

US MIDDAY: coffee moves up on fund buying

New York arabica coffee futures galloped nearly 5 percent to fresh contract and five-year highs Thursday, spurred by fund buying as robusta coffee soared in London, traders said. The New York Board of Trade's most-active May arabica contract rose 4.8 perc
Published 11 Mar, 2005 12:00am
US MIDDAY: cocoa rises on spread-related transactions

US MIDDAY: cocoa rises on spread-related transactions

New York cocoa futures prices rose Thursday in choppy trading, with market players focusing on spread-related transactions between the two most active monthly contracts, traders said. At the New York Board of Trade, the benchmark May cocoa contract rose $
Published 11 Mar, 2005 12:00am
US MIDDAY: sugar lower on sales

US MIDDAY: sugar lower on sales

Raw sugar futures closed mostly softer on Thursday on sales by small speculators and the market is seen drifting in a band due to a dearth of news ahead of the weekend, analysts said. The New York Board of Trade's May raw sugar contract eased 0.03 cent to
Published 11 Mar, 2005 12:00am
US MIDDAY: wheat turns up on fund buying

US MIDDAY: wheat turns up on fund buying

Chicago Board of Trade wheat futures turned higher early Thursday on renewed buying by funds, and wheat futures at the Kansas City Board of Trade and the Minneapolis Grain Exchange followed suit, traders said. Man Financial was the featured buyer in Chica
Published 11 Mar, 2005 12:00am
US MIDDAY: corn mostly weak on stocks projections

US MIDDAY: corn mostly weak on stocks projections

Corn futures at the Chicago Board of Trade were mostly weak early on Thursday in reaction to a jump in world and US corn and grain stocks projections, traders said. At 10:46 am CST (1646 GMT), Corn was down 3/4 to up 1 cent per bushel. March was down 3/4
Published 11 Mar, 2005 12:00am
US MIDDAY: soyabeans volatile on technical correction

US MIDDAY: soyabeans volatile on technical correction

The Chicago Board of Trade soyabean market was volatile on Thursday, turning up after a weak open, as commodity funds returned to buy more soyabeans, traders said. The March contract was up 5 cents at $6.29 per bushel by 11 am CST (1700 GMT). May was 6 ce
Published 11 Mar, 2005 12:00am
US MIDDAY: profit-taking hits copper

US MIDDAY: profit-taking hits copper

US copper futures opened lower in quiet dealings on Thursday, as traders took their cue from softer overseas markets and booked some profits after the market's rally to a fresh 16-year peak earlier in the week, floor sources said. "The market is sitting d
Published 11 Mar, 2005 12:00am
US MIDDAY: gold off the boil on oil price

US MIDDAY: gold off the boil on oil price

US gold futures slipped off 2005 highs early Thursday as the bruised dollar found slight support and oil eased from a recent peak, dealers said. Gold for April delivery at the COMEX division of the New York Mercantile Exchange fell $1.10 to $441.80 an oun
Published 11 Mar, 2005 12:00am
Revival of KCR to provide relief against traffic jams

Revival of KCR to provide relief against traffic jams

Federal Communication Minister Shamim Siddiqui said that with the inauguration of 1st phase of Karachi Circular Railway (KCR), the acute problems of traffic jam in the city and traffic congestion would certainly reduce on main Shahra-e-Faisal. In a statem
Published 11 Mar, 2005 12:00am
'Fresh polls imminent'

'Fresh polls imminent'

President of the Pakistan Peoples Party Parliamentarians (PPPP) Punjab and leader of the opposition in Punjab Assembly Qasim Zia has said that fresh elections are imminent in the country as the present set up has failed to solve problems of the people. Ad
Published 11 Mar, 2005 12:00am
Strike observed against murder of JSMM leader

Strike observed against murder of JSMM leader

Shutter down and wheel jam strike was observed in different areas of Sindh in response to a call of strike given by Jeay Sindh Muttehida Mahaz against the death of their leader Samiullah Kalhoro, who was allegedly killed in police torture. In Hyderabad, t
Published 11 Mar, 2005 12:00am
PICG to hold programmes for executives

PICG to hold programmes for executives

Pakistan Institute of Corporate Governance (PICG) would soon introduce regular programmes for education on Corporate Governance as a subject for directors, corporate executives and CFO of companies. According to a release issued on Thursday, the Institute
Published 11 Mar, 2005 12:00am
NAB to probe into alleged Hyderabad Jaycees corruption

NAB to probe into alleged Hyderabad Jaycees corruption

National Accountability Bureau team (NAB) led by Sadiq Beg visited Hyderabad to probe Rs 20 million alleged corruption committed by ex-president of Jaycees International Hyderabad Chapter (an international NGO) and collected the record and evidence from l
Published 11 Mar, 2005 12:00am
SME Bank Limited entity ratings upgraded

SME Bank Limited entity ratings upgraded

JCR-VIS has upgraded the medium to long-term entity rating of SME Bank Limited to BBB (Triple B) with a 'Stable' outlook from BB+ (Double B Plus). Short-term rating has also been upgraded to A-2 (A-Two) from A-3 (A-Three). Following the restructuring of t
Published 11 Mar, 2005 12:00am
SME Bank Limited entity ratings upgraded

SME Bank Limited entity ratings upgraded

JCR-VIS has upgraded the medium to long-term entity rating of SME Bank Limited to BBB (Triple B) with a 'Stable' outlook from BB+ (Double B Plus). Short-term rating has also been upgraded to A-2 (A-Two) from A-3 (A-Three). Following the restructuring of t
Published 11 Mar, 2005 12:00am
Suggestion to make provincial import cess part of goods declaration

Suggestion to make provincial import cess part of goods declaration

Customs agents have suggested that the payment of the provincial cess on import should be made part of the goods declaration (GD) like other Federal taxes to facilitate quick and cost effective clearance of the goods. The suggestion was made by Karachi Cu
Published 11 Mar, 2005 12:00am
2006 to be celebrated as 'Year of contamination free cotton'

2006 to be celebrated as 'Year of contamination free cotton'

The government has decided to celebrate 2006 as the 'Year of contamination-free cotton' to improve crop quality to meet the challenges of the WTO regime. The decision was taken here on Thursday at a meeting chaired by the Food Minister Sikander Khan Bosan
Published 11 Mar, 2005 12:00am
EIBL announces Rs 42 million post-tax profit

EIBL announces Rs 42 million post-tax profit

Escorts Investment Banks Limited (EIBL) on Thursday announced the half-yearly report ending December 2004, which shows a post-tax profit Rs 42 million. Though the profit remained stagnant as compared to the last year's profit, the bank's total assets incr
Published 11 Mar, 2005 12:00am
EIBL announces Rs 42 million post-tax profit

EIBL announces Rs 42 million post-tax profit

Escorts Investment Banks Limited (EIBL) on Thursday announced the half-yearly report ending December 2004, which shows a post-tax profit Rs 42 million. Though the profit remained stagnant as compared to the last year's profit, the bank's total assets incr
Published 11 Mar, 2005 12:00am
SHC moved for ban on Meera's film 'Nazar'

SHC moved for ban on Meera's film 'Nazar'

A journalist has filed petition in Sindh High Court on Thursday seeking ban on release of Bollywood film "Nazar" in Pakistan, which generated controversy after bold performance of film actress Meera with Indian actor. Syed Muzaffar Hussain Askari submitte
Published 11 Mar, 2005 12:00am
A futile exercise!

A futile exercise!

Reference is made to an advertisement by the National Accountability Bureau(NAB) published in the newspapers. The advertisement carrying the headline of "Shaffaf Pakistan" is a warning to those willing to go abroad for employment purpose, to not to attemp
Published 11 Mar, 2005 12:00am
Holidays and productivity

Holidays and productivity

This is in response to the article in the Editorial titled " What a waste". I would like to refute the arguments presented. Citing the number of public holidays as the reason for lower productivity, the scribe takes a very narrow view of what increases pr
Published 11 Mar, 2005 12:00am
Silence of KWSB

Silence of KWSB

The learned views of M. Shafique Ahmed on 'the impassivity of KWSB' published in the columns of 'Business Recorder' dated 24-02-2005, portrays the true working culture of the KWSB, which are fully endorsed.
Published 11 Mar, 2005 12:00am
Iraq Kurds hope airport will bolster their clout

Iraq Kurds hope airport will bolster their clout

Fresh from meeting a delegation of international inspectors who will decide whether to award his airport international status, Arbil airport supervisor Reshad Omar is quietly confident. Although much of Iraq remains racked by violence and lawlessness, Arb
Published 11 Mar, 2005 12:00am
Overcoming malnutrition

Overcoming malnutrition

The malnutrition due to inadequate intake of protein is a serious problem among the masses whose staple diet is mainly based on cereals and other starchy foods. The nutritional surveys in Pakistan have indicated prevalence of varying degree of protein def
Published 11 Mar, 2005 12:00am
Lucky recipients of Gold Medals

Lucky recipients of Gold Medals

For the first time in the history of AIOU the 6th Convocation (Islamabad Chapter) of the university was held in four stages at provincial level and "Distinction holders" male and female students of each province from Bachelor to Ph.D were conferred upon "
Published 11 Mar, 2005 12:00am
Checking human trafficking

Checking human trafficking

The government has finally started taking serious cognisance of the problem of human trafficking. The Minister of State for Interior, Senator Shahzad Wasim, told journalists at the Parliament House on Tuesday that the government is planning to conduct deb
Published 11 Mar, 2005 12:00am
'Basic Amenities' Building

'Basic Amenities' Building

Professor Dr Syed Altaf Hussain inaugurated "Utility and Facilities Block" constructed at the junction of under construction "Science Research complex" and "University Hostel" on 22 February 2005. This newly constructed building comprises a general store,
Published 11 Mar, 2005 12:00am
A sensible economic strategy needs to focus poverty also

A sensible economic strategy needs to focus poverty also

Speaking at a ground breaking ceremony of the Karachi International Container Terminal Phase III, Prime Minister Shaukat Aziz took the opportunity to reiterate his Government's support for a five-pronged economic strategy: development of infrastructure, b
Published 11 Mar, 2005 12:00am
Inauguration of Pindi Gate

Inauguration of Pindi Gate

Federal Minister of Education Lieutenant General (Retd) Javed Ashraf Qazi, Chief Guest of 6th Convocation (Islamabad Chapter) of AIOU also visited the newly constructed main gate of the university. The Federal Minister had a round of "Reception" adjacent
Published 11 Mar, 2005 12:00am
Telecom sector witnessing unprecedented growth

Telecom sector witnessing unprecedented growth

The telecom sector in Pakistan is witnessing an unprecedented growth with an addition of 0.5 million new cell phone users every month, and in next three to four years, the number of cell phone users is expected to be 35 million. Chairman Pakistan Telecom
Published 11 Mar, 2005 12:00am
Allama Iqbal Open University

Allama Iqbal Open University

"Of all the measures adapted at government level to eradicate illiteracy, the decision to establish AIOU was, undoubtedly, very important; as the university not only introduced a radical concept of education, but also devised a result oriented mechanism w
Published 11 Mar, 2005 12:00am
Piaf concerned at inflated gas bills

Piaf concerned at inflated gas bills

Sudden and sharp increase in gas bills is a matter of concern and the Prime Minister should take immediate notice of this unjustified raise. Piaf Vice-Chairman Mian Abuzar Shad expressed these views in a statement issued here on Thursday. He appealed to t
Published 11 Mar, 2005 12:00am
The Weather

The Weather

The weather report on Wednesday (March 09) and the forecast for Thursday (March 10, 2005).
Published 11 Mar, 2005 12:00am
Body to frame proposals on housing foundation

Body to frame proposals on housing foundation

Punjab government has constituted a committee to examine the entire set of proposals for augmentation of land bank created in Punjab Government Servants Housing Foundation. According to official sources here on Thursday, Punjab Chief Secretary Kamran Raso
Published 11 Mar, 2005 12:00am
New York cotton

New York cotton

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

Published 11 Mar, 2005 12:00am
'AKEB will not give affiliation to government schools'

'AKEB will not give affiliation to government schools'

Aga Khan Education Board (AKEB) would not give affiliation to any government school, while no such school in the private sector would be affiliated that was already not registered with the government. Agha Khan University President Shamsh Kassim Lakha inf
Published 11 Mar, 2005 12:00am
New York cotton

New York cotton

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

Published 11 Mar, 2005 12:00am
British High Commissioner satisfied over law and order situation

British High Commissioner satisfied over law and order situation

British High Commissioner Mark Lyall Grant has said that his ancestors built Lyallpur (now Faisalabad) and, therefore, he had a soft corner for Pakistan. He said the UK is importing from Pakistan the cotton yarn, fabrics, carpets, seafood, raw-wool, fresh
Published 11 Mar, 2005 12:00am
Key stock market movements at 1800 GMT on March 10

Key stock market movements at 1800 GMT on March 10

The latest close of key indices on major world stock exchanges and the London closing values of the euro, the Japanese yen, the British pound and gold bullion (previous day's closes in brackets).
Published 11 Mar, 2005 12:00am
Balochistan situation termed grave

Balochistan situation termed grave

Situation in Balochistan was so uncertain and grave that even the leader of the PML-Q and former Prime Minister Mir Zafarullah Khan Jamali has shown strong reaction at the floor of the National Assembly. Muhammad Pervaiz Malik MNA and PML (N) central lead
Published 11 Mar, 2005 12:00am
Economic benefits trickle down to masses: SBP chief

Economic benefits trickle down to masses: SBP chief

Middle class constitutes backbone of the economy and the government is committed to strengthen this segment and now all banks have started consumer, car and house financing schemes to trickle down the economic benefits to middle class. According to Punjab
Published 11 Mar, 2005 12:00am
'Fashion First' fair in Belgium

'Fashion First' fair in Belgium

Pakistani exporters of leather garments, leather products and footwear can have access to large European market by participating in the 'Fashion First' fair being held in Belgium from June 20 to 22. Apart from this, another event is being held in Hong Kon
Published 11 Mar, 2005 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Thursday (March 10, 2005).

Published 11 Mar, 2005 12:00am
Need stressed for equal chances to women

Need stressed for equal chances to women

Speakers at a group discussion here on Thursday have asked the government to provide equal opportunities to women so that they could play their due role in the country's economic growth. The Ministry of Law, Justice and Human Rights Regional Directorate o
Published 11 Mar, 2005 12:00am
Cotton stock

Cotton stock

Pakistan Readymade Garments Manufacturers and Exporters Association (Pregmea) appealed Trading Corporation of Pakistan should not sell the entire cotton stock quickly rather dispose it of in instalments so as to depress monopolist tendencies in the market
Published 11 Mar, 2005 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (March 10, 2005).

Published 11 Mar, 2005 12:00am
Compensatory cheques

Compensatory cheques

General Manager, Pakistan Railways (PR) Abdul Wahab Awan visited Narowal and other peripheral areas and handed over compensation cheques to the heirs of Kot Molchand train mishap victims. He Abdul Wahab also condoled with the families of the deceased and
Published 11 Mar, 2005 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Thursday (March 10) and for Friday (March 11, 2005).
Published 11 Mar, 2005 12:00am
PSMA Punjab to stop crushing by March 20

PSMA Punjab to stop crushing by March 20

Pakistan Sugar Mills Association (PSMA), Punjab Zone, will close down crushing on and around March 20 to save the precious high quality seed of sugarcane in the province. A spokesman of PSMA said here Thursday that the decision to close down crushing on a
Published 11 Mar, 2005 12:00am
Rs 37.41 million renewable energy project approved

Rs 37.41 million renewable energy project approved

Ministry of Science and technology (S&T) has approved Rs 37.41 million "Pilot production of silicon solar cells and modules" project here on Wednesday. The objective of this renewable energy development project is to cope with the shortage of power in the
Published 11 Mar, 2005 12:00am
Government to create agriculture support fund for farmers: advisor

Government to create agriculture support fund for farmers: advisor

The government will create agriculture support fund (ASP) to provide capital for value addition of agriculture products, Financial Advisor to Prime Minister Dr Suleman Shah said on Thursday. Speaking in a PTV programme, he said ASF would provide funds to
Published 11 Mar, 2005 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (March 10, 2005).

Published 11 Mar, 2005 12:00am
Bureaucracy blocking transfer of powers: minister

Bureaucracy blocking transfer of powers: minister

Bureaucracy is the main hurdle in smooth transfer of powers at the grass roots level. Federal Labour, Manpower and Overseas Pakistanis Minister Ghulam Sarwar Khan stated this at the concluding ceremony of "All Pakistan farmers and labour councillors conve
Published 11 Mar, 2005 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (March 10, 2005).

Published 11 Mar, 2005 12:00am
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