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Print - 2005-04-03
We're sorry, say Newcastle pair who fought each other

We're sorry, say Newcastle pair who fought each other

An extraordinary fight between Newcastle team-mates Kieron Dyer and Lee Bowyer set the seal on the north-east club's comprehensive 3-0 defeat by Aston Villa here at St James' Park here Saturday. Both players were sent-off for fighting with Newcastle alrea
Published 03 Apr, 2005 12:00am
Soccer: A fixtures postponed as Pope nears death

Soccer: A fixtures postponed as Pope nears death

All Italian sports competitions including Serie A soccer have been suspended out of respect for Pope John Paul, who is on the brink of death, the Italian Olympic Committee (CONI) said on Saturday. "In light of the latest health bulletins which indicate th
Published 03 Apr, 2005 12:00am
Hinds and Chanderpaul turn the screw on South Africa

Hinds and Chanderpaul turn the screw on South Africa

Left-handers Wavell Hinds and Shivnarine Chanderpaul each completed maiden Test double hundreds to help West Indies grind South Africa into the dust on the second day of the first Test on Friday. Hinds hit the top score of 213 and Chanderpaul, the new Wes
Published 03 Apr, 2005 12:00am
Strauss keen to avoid becoming McGrath landmark

Strauss keen to avoid becoming McGrath landmark

England opening batsman Andrew Strauss is determined not to become Australia fast bowler Glenn McGrath's 500th Test wicket when the teams meet in July's Ashes series opener at Lord's in July. McGrath, briefly a county colleague of Strauss's at Lord's-base
Published 03 Apr, 2005 12:00am
Inzamam looking forward to coming encounters

Inzamam looking forward to coming encounters

Pakistan skipper Inzamamul Haq said on Saturday he looked forward to coming one-day encounters against India rather than being overly disheartened after 87 runs loss in first of the six-matches series. "We didn't play well enough but that doesn't mean we
Published 03 Apr, 2005 12:00am
Tendulkar's bowling arm floors Pakistan in first one-dayer

Tendulkar's bowling arm floors Pakistan in first one-dayer

Sachin Tendulkar struck telling blows with the ball as hosts India sent a sell-out home crowd of 75,000 wild with a 87-run victory over Pakistan in the first one-day international on Saturday. Tendulkar made amends for failing with the bat by picking up f
Published 03 Apr, 2005 12:00am
Brazilian sugar exports up in March

Brazilian sugar exports up in March

Brazil's total sugar exports rose 4.6 percent to 1.34 million tonnes in March from 1.28 million tonnes in the same month in 2004, the Trade Ministry's foreign trade secretariat said Friday. March shipments were down, however, from the nearly 1.48 million
Published 03 Apr, 2005 12:00am
Argentinean farmers harvest 20 percent soyabeans

Argentinean farmers harvest 20 percent soyabeans

Argentine farmers have harvested 20 percent of all farmlands sown with 2004/05 soyabeans and yields so far are good, the government said on Friday in its weekly crop report. While rains earlier in the week halted the harvest in parts of Santa Fe, Cordoba
Published 03 Apr, 2005 12:00am
FOB Gulf corn firm, soya steady

FOB Gulf corn firm, soya steady

US FOB Gulf corn basis offers were firm on Friday amid gains in the CIF barge market, while soyabeans were mostly steady, traders said. Barge freight rates continued to rise for the second straight day following a pick in grain movement on Thursday. Bids
Published 03 Apr, 2005 12:00am
CBOT wheat futures lower on weak technicals

CBOT wheat futures lower on weak technicals

Wheat futures at the Chicago Board of Trade closed sharply lower on Friday as weak technical signals triggered fund selling, traders said. Bearish fundamentals played a role, including favourable weather in the US winter wheat belt and plentiful global wh
Published 03 Apr, 2005 12:00am
Firmness prevails in cotton market

Firmness prevails in cotton market

Firmness prevailed in the cotton market on Saturday as the interested buyers lifted the best types on the asking prices, brokers said. The official spot rates were unchanged at Rs 2250, without upcountry expenses. They said that the cotton prices were tra
Published 03 Apr, 2005 12:00am
Georgia sells shipping firm to UK's Marine Capital

Georgia sells shipping firm to UK's Marine Capital

Georgia scrapped an agreement to sell a shipping firm to British-Australian consortium Armstrong Holding-ASP and will sell it to Britain's Marine Capital instead, Prime Minister Zurab Nogaideli said on Wednesday. "An agreement with another company, Marine
Published 03 Apr, 2005 12:00am
Asian freight rates seen lower

Asian freight rates seen lower

Asian shipping rates for dry bulk cargoes are steady to slightly lower this week compared to last week after many traders were sidelined due to the long Easter holiday weekend, Asian shipping sources said on Tuesday. Shipping rates were expected to soften
Published 03 Apr, 2005 12:00am
Finnish port workers threaten strike

Finnish port workers threaten strike

Finnish stevedores will start a strike at all of the country's ports on April 15 if disagreements with employers over a new labour deal are not solved by then, the transport workers union said on Friday. More than 70 percent of the country's foreign trade
Published 03 Apr, 2005 12:00am
Qatar to spend $15 billion on LNG ships as exports rise

Qatar to spend $15 billion on LNG ships as exports rise

Gas giant Qatar will spend $15 billion in the next five years to add 70 vessels to its fleet of tankers to export more liquefied natural gas (LNG), Oil Minister Abdullah al-Attiyah said on Wednesday. The tiny Middle East state, home to the world's third-l
Published 03 Apr, 2005 12:00am
Taiwan shipping rates rise 10 percent

Taiwan shipping rates rise 10 percent

The world's third largest shipper, Evergreen Marine Corp, and other major Taiwan shippers raised Asian and European freight rates by about 10 percent on Friday to capitalise on booming China exports. Executives said freight charges for cargo to the United
Published 03 Apr, 2005 12:00am
Brazilian sugar vessels lineup stays at 40

Brazilian sugar vessels lineup stays at 40

The lineup of vessels to load sugar in Brazil's ports was 40, unchanged from a week ago, shipping agent Williams said on Thursday. In a weekly report, Williams said 19 vessels were lined up in the southern port of Santos, against 20 last week. In the nort
Published 03 Apr, 2005 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 73,020 tonnes of cargo including 61,918 tonnes import and 11,102 tonnes export cargo inclusive of 2,713 containers, during last 24 hours ending at 0700 hours on Saturday. The cargo comprised of 46,820 tonnes dry cargo including 37
Published 03 Apr, 2005 12:00am
Kinder view of US money markets may help dollar

Kinder view of US money markets may help dollar

Returns on US money market funds are still slim by historical standards, but as interest rates rise, investors' interest in these funds could grow, possibly supporting the dollar. Over the last year, faced with paltry US money market rates, a declining do
Published 03 Apr, 2005 12:00am
Canadian dollar steady

Canadian dollar steady

A surprisingly weak US payrolls report provided a support for both the Canadian dollar and bond prices on Friday. The Canadian dollar was at C$1.2103 to the US dollar, or 82.64 US cents, up from pre data levels, but down slightly from Thursday's close at
Published 03 Apr, 2005 12:00am
Forex market views, key levels

Forex market views, key levels

Following is a selection of comments from analysts on important technical developments in the foreign exchange market:
Published 03 Apr, 2005 12:00am
IMM speculators slash net short dollar position

IMM speculators slash net short dollar position

Currency speculators in the Chicago futures market slashed their bets against the dollar by around two thirds in the week ended March 29, data from the Commodity Futures Trading Commission showed on Friday. According to the International Monetary Market f
Published 03 Apr, 2005 12:00am
Dollar gains broadly in New York, US jobs data ignored

Dollar gains broadly in New York, US jobs data ignored

The dollar strengthened on Friday after US business surveys reflecting steady growth outweighed a surprisingly weak employment report for March and signalled continued interest rate hikes by the Federal Reserve. Data "showing continued manufacturing expan
Published 03 Apr, 2005 12:00am
Mexican stocks finish higher

Mexican stocks finish higher

Mexican stocks finished higher on Friday, rebounding from recent losses but trimming stronger gains from earlier in the session amid political concerns. The IPC benchmark stock index rose 0.29 percent to 12,714.19 points. "We feel the market is having ups
Published 03 Apr, 2005 12:00am
Brazilian stocks jump on US jobs data

Brazilian stocks jump on US jobs data

Brazil's stocks gained modestly on Friday after the nation's trade surplus surged in March and soft US payroll data relieved worries about sharper interest rate hikes by the Federal Reserve. The Bovespa index of the Sao Paulo Stock Exchange closed 0.61 pe
Published 03 Apr, 2005 12:00am
Canadian bond prices rise

Canadian bond prices rise

The Canadian bond prices ended higher on Friday after moving sharply in response to the heavy dose of economic data. Prices initially surged on the weak jobs data, then retreated as the Institute for Supply Management's data reignited rate hike worries. B
Published 03 Apr, 2005 12:00am
Canadian bond prices rise

Canadian bond prices rise

The Canadian bond prices ended higher on Friday after moving sharply in response to the heavy dose of economic data. Prices initially surged on the weak jobs data, then retreated as the Institute for Supply Management's data reignited rate hike worries. B
Published 03 Apr, 2005 12:00am
US corporate bonds spread widen after oil hits record

US corporate bonds spread widen after oil hits record

US corporate bond spreads widened more on Friday after climbing to a five-month peak on Thursday as oil prices hit a record high and a US manufacturing survey showed signs of inflationary pressures. A weaker-than-expected jobs report at first eased worrie
Published 03 Apr, 2005 12:00am
US corporate bonds spread widen after oil hits record

US corporate bonds spread widen after oil hits record

US corporate bond spreads widened more on Friday after climbing to a five-month peak on Thursday as oil prices hit a record high and a US manufacturing survey showed signs of inflationary pressures. A weaker-than-expected jobs report at first eased worrie
Published 03 Apr, 2005 12:00am
US Treasuries stronger as jobs growth falls short

US Treasuries stronger as jobs growth falls short

US Treasury prices rallied on Friday as weaker-than-expected jobs growth and jitters about an equities slide trumped worries about inflation. The benchmark 10-year Treasury note rose 8/32 in price for a yield of 4.45 percent, down from 4.48 percent late T
Published 03 Apr, 2005 12:00am
US Treasuries stronger as jobs growth falls short

US Treasuries stronger as jobs growth falls short

US Treasury prices rallied on Friday as weaker-than-expected jobs growth and jitters about an equities slide trumped worries about inflation. The benchmark 10-year Treasury note rose 8/32 in price for a yield of 4.45 percent, down from 4.48 percent late T
Published 03 Apr, 2005 12:00am
Eurostocks week ahead: BP and H&M dominate

Eurostocks week ahead: BP and H&M dominate

Europe's biggest company and the world's largest fashion chain Hennes & Mauritz hog the limelight next week, after weaker than expected US jobs data dispelled rate-hike clouds over European markets. The week kicks off with an update from oil major BP, whi
Published 03 Apr, 2005 12:00am
Venture Capitalists backed IPOs taper off in first-quarter

Venture Capitalists backed IPOs taper off in first-quarter

Initial public offerings of companies funded by venture capitalists (VC) fell in the first quarter to the lowest level in over a year, while the total amount paid in merger and acquisition deals hit a four-year high, according to surveys released on Frida
Published 03 Apr, 2005 12:00am
Argentine stocks climb

Argentine stocks climb

Argentine stocks climbed on Friday on weak US jobs data which eased fears of more aggressive interest rate hikes in the United States, traders said. The benchmark MerVal index gained 1.7 percent to finish at 1,424.31 points, accumulating a gain of 3.56 pe
Published 03 Apr, 2005 12:00am
Chile stocks fall

Chile stocks fall

Chile stocks fell on Friday as energy issues lost ground amid cuts in natural gas supplies from Argentina. Some Chilean power plants have had to switch to more expensive fuels due to the natural gas cuts. The IPSA index of 40 most liquid shares on the San
Published 03 Apr, 2005 12:00am
Toronto stocks start month with energy-driven gain

Toronto stocks start month with energy-driven gain

Toronto stocks ushered in a new month on a positive note on Friday as record oil prices propelled energy stocks higher but concerns about US inflation hampered financial issues. The Toronto Stock Exchange's S&P/TSX composite index closed 26.25 points high
Published 03 Apr, 2005 12:00am
American credit market outlook

American credit market outlook

Credit markets are concerned that MBIA Inc could be the next company to get AIG-ed, but investors with strong stomachs may wish to jump into the credit, traders said on Friday. The cost of protecting MBIA's double-A rated debt against default has surged 8
Published 03 Apr, 2005 12:00am
American credit market outlook

American credit market outlook

Credit markets are concerned that MBIA Inc could be the next company to get AIG-ed, but investors with strong stomachs may wish to jump into the credit, traders said on Friday. The cost of protecting MBIA's double-A rated debt against default has surged 8
Published 03 Apr, 2005 12:00am
US stocks decline as oil hits record, AIG hurts Dow

US stocks decline as oil hits record, AIG hurts Dow

US stocks tumbled on Friday after oil prices hit a record level, a manufacturing report indicating increasing prices reignited inflation fears and American International Group Inc slid 8 percent. The Dow came close to breaching its intraday low for 2005,
Published 03 Apr, 2005 12:00am
Door for political dialogue open

Door for political dialogue open

Minister of State for Manpower and Overseas Pakistanis Senator Tariq Azeem has said that in politics, the door of dialogue are never closed and the contacts within political parties continue in all situations. "We do not have any personal animosity with a
Published 03 Apr, 2005 12:00am
Prime Minister ensures adequate water for agriculture

Prime Minister ensures adequate water for agriculture

Prime Minister Shaukat Aziz said the government was committed to ensure adequate availability of water for the agriculture sector to increase productivity in the country. He was reviewing the progress on National Programme for Improvement of Watercourses
Published 03 Apr, 2005 12:00am
13 bodies of Army, FC personnel recovered: ISPR

13 bodies of Army, FC personnel recovered: ISPR

Rescue teams have recovered thirteen more bodies of the personnel of Pakistan Army and Frontier Corps who were caught in an avalanche at Kot Muhammad Base in remote Tirah Valley of Khyber Agency on February 10. Two of the Shuhada belonged to Frontier Forc
Published 03 Apr, 2005 12:00am
China praises Pakistan's economic progress

China praises Pakistan's economic progress

China appreciates Pakistan's economic progress in the recent years and it's increasing role in the international affairs for peace and development, said Chinese Vice Foreign Minister Wu Dawei. Highlighting the prospects of future Pak-China economic co-ope
Published 03 Apr, 2005 12:00am
Shujaat's visit injects new impetus to peace process: Mushahid

Shujaat's visit injects new impetus to peace process: Mushahid

Comprehensive visit of ruling party president and former prime minister Chaudhry Shujaat Hussain to India has injected new impetus to the ongoing confidence building process between the two neighbouring countries for the resolution of longstanding problem
Published 03 Apr, 2005 12:00am
Ogra to hear SSGC petition on April 4

Ogra to hear SSGC petition on April 4

The Oil and Gas Regulatory Authority (Ogra) will hold a public hearing of a petition, filed by Sui Southern Gas Company Limited (SSGC), here on April 4 at a local hotel. According to the Ogra, the SSGC has applied for determination of its estimated revenu
Published 03 Apr, 2005 12:00am
Enough water in dams for coming season: Irsa

Enough water in dams for coming season: Irsa

Enough water is available in two major dams of the country Tarbela and Mangla having 1455.40 ft. and 1095.70 ft. water level respectively to meet requirements in the coming summer season. According to official data released by the Indus River System Autho
Published 03 Apr, 2005 12:00am
Advani invited to open temple in Lahore

Advani invited to open temple in Lahore

Pakistan's former Prime Minister and Pakistan Muslim League President Chaudhary Shujaat Hussain invited Bharatiya Janata Party President Lal Kishenchand Advani to visit Lahore to inaugurate a temple dedicated to Luv, the lord Rama. According to legend, Lu
Published 03 Apr, 2005 12:00am
Automobile manufacturers asked to reduce car prices

Automobile manufacturers asked to reduce car prices

National Assembly's Standing Committee on Production has asked automobile manufacturers to reduce the prices of cars to bring them within the reach of the ordinary consumers and added to enhance production capacity to met the gap between demand and supply
Published 03 Apr, 2005 12:00am
Soomro meets Bangladeshi president

Soomro meets Bangladeshi president

Senate Chairman Mohammedmian Soomro called on Bangladesh President Dr Yazuddin Ahmed in Dhaka and held wide ranging discussion on promotion of bilateral relations, trade and economic co-operation between the two countries. They also exchanged views on the
Published 03 Apr, 2005 12:00am
Tobacco growers facilitated to get loans

Tobacco growers facilitated to get loans

Pakistan Tobacco Board (PTB) is facilitating the tobacco growers in getting Agricultural Production Loans (APLs) being granted by the banks to minimise growers' hardships in this regard. PTB Secretary Khan Faraz pointed out in a joint meeting of the Local
Published 03 Apr, 2005 12:00am
175 million allocated under special flood protection fund

175 million allocated under special flood protection fund

The government has earmarked a special fund of Rs 175 million for anticipated flood protection emergency plan and also approved the relative distribution to the provinces. According to sources, Rs 73710 million has been allocated for Punjab, Rs 54.250 mil
Published 03 Apr, 2005 12:00am
FTA, shipping links between Pakistan and Bangladesh proposed

FTA, shipping links between Pakistan and Bangladesh proposed

Business leaders from Bangladesh and Pakistan have stressed their governments should sign a free trade agreement (FTA) and establish direct shipping links to help their private sectors cooperate each other more effectively. They expressed this view at a m
Published 03 Apr, 2005 12:00am
Beating two citizens

Beating two citizens

This has reference to the news items regarding the beating of two Pakistani citizens by the police and security guards escorting the US consulate's convoy on shahrah-e-Faisal, Karachi. I fully condemn such high-handedness by US officials.
Published 03 Apr, 2005 12:00am
2.5 litres of water per day

2.5 litres of water per day

In the past few years studies have shown that many of us don't drink enough water for good health. However, there is a different story emerging, especially amongst people who exercise. According to researchers almost as many exercisers are putting their h
Published 03 Apr, 2005 12:00am
Miners rush to tap Sweden's Gold Line

Miners rush to tap Sweden's Gold Line

The fabled philosopher's stone and the thousands of tonnes of rock piled outside a hangar in northern Sweden have the same purpose -- producing gold. On a freezing afternoon, Fred Bowman, managing director of Dragon Mining Sweden, pulls a gold brick just
Published 03 Apr, 2005 12:00am
New outfit for accountancy profession

New outfit for accountancy profession

Wide-ranging changes have been made in the entire spectrum of accountancy and auditing like the balance sheet, profit-and-loss account, good governance regulations, auditing standards and practices and measures to ensure as far as feasible auditors' indep
Published 03 Apr, 2005 12:00am
G-20 Declaration

G-20 Declaration

The declaration adopted by the two-day Ministerial Meeting of G-20 in New Delhi, which ended on March 19, reiterated the need of developing nations mobilising their collective strength to end the practice of a small group of rich nations providing huge fi
Published 03 Apr, 2005 12:00am
Threat to flood protection project

Threat to flood protection project

Distressing, indeed, it is to learn from a Business Recorder report from Islamabad that the fate of Asian Development Bank's Second Flood Protection Sector Project (SFPSP) worth $100 million, continues to hang in the balance due to protracted delay
Published 03 Apr, 2005 12:00am
SCRI introduces disease-free, high yield cane varieties

SCRI introduces disease-free, high yield cane varieties

Sugar Crops Research Institute (SCRI) Mardan has introduced new disease-free and high yielding varieties of sugarcane crop. This was disclosed at the Field Day held with the sugarcane growers at Ghundoo Village of District Mardan. SCRI was sponsored for t
Published 03 Apr, 2005 12:00am
Investigating Officer records statement in reference against Hashmi

Investigating Officer records statement in reference against Hashmi

An accountability court on Saturday recorded the statement of investigating officer (IO) in a reference against acting president PML-N Javed Hashmi and adjourned the proceedings till April 16 for cross examination on his statement. The accused has been fa
Published 03 Apr, 2005 12:00am
Social security hospitals to be built in major towns

Social security hospitals to be built in major towns

Punjab Labour Minister Akhtar Hussain Rizvi has said that under a well-knit plan the 100-bed Social Security Hospitals are being constructed in each major industrial town in the province at a cost of Rs 1.22 billion. Talking to Business Recorder he
Published 03 Apr, 2005 12:00am
PML-N to continue struggle against dictatorial regime

PML-N to continue struggle against dictatorial regime

For the rights of people, the PML-N would continue its struggle against the dictatorial regime and we have the support of the masses, which has kept the morale of the party leadership and workers high. Javed Latif, a PML-N leader, expressed these views wh
Published 03 Apr, 2005 12:00am
IMRT facility available at SKMCH

IMRT facility available at SKMCH

Radiation therapy department of the Shaukat Khanum Memorial Cancer Hospital has started treating patients with intensity-modulated radiation therapy (IMRT). According to the hospital's spokesman, IMRT only available at SKMCH in Pakistan, is the latest tec
Published 03 Apr, 2005 12:00am
Foreign investment flow on rise in Punjab

Foreign investment flow on rise in Punjab

Punjab Chief Minister, Chaudhry Pervaiz Elahi has said that the pace of foreign investment in the province was increasing and a group of investors from Holland would invest more than 10 billion of rupees in Punjab. He was talking to a delegation of invest
Published 03 Apr, 2005 12:00am
CEC for conducting fair, transparent local government polls

CEC for conducting fair, transparent local government polls

The Chief Election Commissioner of Pakistan (CEC) Justice Abdul Hameed Dogar here on Saturday emphasised the need for fairness, transparency and impartiality to the conduct of forthcoming local government elections in the country. He was chairing a meetin
Published 03 Apr, 2005 12:00am
PPP caravan leaves for Larkana

PPP caravan leaves for Larkana

"The dream of good governance could not come true, and the present rulers were employing foreign pressure for perpetuating their dictatorial rule while they failed to deliver". Pakistan People's Party Punjab President Qasim Zia and Provincial Secretary In
Published 03 Apr, 2005 12:00am
Five children of a family burnt alive

Five children of a family burnt alive

Five children (aged three to six years)of a family died of burns while they were broiling wheat cobs at an open place in Kherpur Sadat (Muzaffargarh district) some 90 miles south-west of Multan on Friday. "Eight children of a family were broiling bunches
Published 03 Apr, 2005 12:00am
NAB seminar on 'Housing sector regulatory and monitoring mechanism'

NAB seminar on 'Housing sector regulatory and monitoring mechanism'

National Accountability Bureau (NAB) was organising a seminar on 'Housing sector regulatory and monitoring mechanism' here at NIPA on April 6. Punjab Chief Minister, Chaudhry Perviaz Elahi would be the chief guest at inaugural session while the NAB Chairm
Published 03 Apr, 2005 12:00am
FM-103 case: Pemra directed to file report, comments

FM-103 case: Pemra directed to file report, comments

The Lahore High Court (LHC) on Friday called for report and comments from Pakistan Electronic Media Regulatory Authority (Pemra) seeking cancellation of notice issued to the petitioner's private radio FM-103 for April 14. The court inclined to suspend the
Published 03 Apr, 2005 12:00am
Public procurements in Punjab to be computerised

Public procurements in Punjab to be computerised

Punjab Chief Minister, Chaudhry Pervaiz Elahi has announced computerisation of all public procurements in the province, under a phased programme. This decision will also ensure easy access of the common man to the information regarding government purchase
Published 03 Apr, 2005 12:00am
WTO Reference Centre at LCCI established

WTO Reference Centre at LCCI established

World Trade Organisation (WTO) in collaboration with the International Trade Center (ITC) and Lahore Chamber of Commerce and Industry (LCCI) has established WTO Reference Centre at LCCI. The Reference Centre, first ever in private sector and third in Paki
Published 03 Apr, 2005 12:00am
Seminar on "Role of Women in Floriculture"

Seminar on "Role of Women in Floriculture"

Pakistan Horticulture Development and Export Board (PHDEB) and Women Enterprises Department (WED) of Prime Bank are jointly organising a seminar on the topic of "Role of Women in Floriculture" to explore the possibilities of growth in cut flower industry.
Published 03 Apr, 2005 12:00am
Ganga Ram Hospital achieves excellence in eye treatment

Ganga Ram Hospital achieves excellence in eye treatment

Sir Ganga Ram Hospital (SGH) Lahore has taken a lead among the health institutions of the country in the treatment of patients facing different eye diseases including cataract and glaucoma, while complicated eye surgery cases are being referred to Eye Dep
Published 03 Apr, 2005 12:00am
Need stressed for permanent solution to Balochistan crisis

Need stressed for permanent solution to Balochistan crisis

Jamhoori Watan Party Central Information Secretary and ARD leader Senator Amanullah Kazrani said the process of dialogue should be extended to find out permanent solution of ongoing tension in Balochistan. Addressing a press conference here on Thursday, h
Published 03 Apr, 2005 12:00am
Rally held to protest murder of Allama Najafi

Rally held to protest murder of Allama Najafi

Shias staged demonstrations in Multan and Bahawalpur to protest assassination of a central leader of banned Islami Tehrik (Tehrik-e-Jafaria Pakistan) and shouted slogans against the present government for its failure to maintain peace and tranquillity in
Published 03 Apr, 2005 12:00am
Allama Najfi laid to rest

Allama Najfi laid to rest

Prominent religious scholar Allama Ghulam Hussain Najfi was laid to rest at Firdausia graveyard, Ferozpur road on Saturday. Prominent among those who attended his namaz-e-janaza included President, Tehreek-e-Jafaria Sajid Naqvi, Principal, Jamia-tul-Munta
Published 03 Apr, 2005 12:00am
'High refinance rate, hike in inputs cost to hurt textile exports'

'High refinance rate, hike in inputs cost to hurt textile exports'

High export refinance at 6.5 percent coupled with hike in the cost of inputs like gas, petroleum and electricity will severely hurt textile exports of the country already reeling under 13.1 percent anti-dumping duty and 12 percent generalised preference s
Published 03 Apr, 2005 12:00am
LHC approached against increase in fares

LHC approached against increase in fares

A member of the Lahore High Court Bar Association (LHCBA) approached the Lahore High Court (LHC) against increase in the fares of buses and vans. The petitioner, M D Tahir contended the people of Pakistan were facing economic hardships but the respondents
Published 03 Apr, 2005 12:00am
MMA nominates Qari Abdullah for Senate by-poll

MMA nominates Qari Abdullah for Senate by-poll

Amir of Jamaat-i-Islami (JI) NWFP and Senior Minister Siraj-ul-Haq on Saturday said that Qari Abdullah would be the unanimous candidate of the six-party religio-political alliance, MMA for by-election of vacant Senate seat from the province. This announce
Published 03 Apr, 2005 12:00am
'ADB assures Rs 39 billion for Rawalpindi mega projects'

'ADB assures Rs 39 billion for Rawalpindi mega projects'

Rawalpindi Nazim Raja Tariq Mehboob Kiani has said the Asian Development Bank (ADB) assured Rs 39 billion assistance for different projects of public welfare in the district. "Rawalpindi has an acute sewerage problem and the mega project would be launched
Published 03 Apr, 2005 12:00am
'Rs 30 million to be spent to reduce mortality'

'Rs 30 million to be spent to reduce mortality'

Federal health minister Mohammad Nasir Khan has said Rs 30 million will be spent on mother and child health care programme to reduce mortality. The minister said this at the concluding session of two-day public health forum on "Achieving the Millennium De
Published 03 Apr, 2005 12:00am
Negative politics of agitation rejected: Prime Minister

Negative politics of agitation rejected: Prime Minister

Prime Minister Shaukat Aziz said on Saturday the people have rejected the negative politics of agitation and protests by saying 'no' to the strike call. "There are civilised and democratic ways of expressing point of view through the parliament or the med
Published 03 Apr, 2005 12:00am
Chinese team donates $4 million for human development fund

Chinese team donates $4 million for human development fund

The Chinese delegation has donated dollars 400,000 to Pakistan Human Development Fund through Guangcai Programme and National Commission on Human Development (NCHD) will establish a Chinese Learning Centre in Islamabad, NCHD Chairman Dr Nasim Ashraf said
Published 03 Apr, 2005 12:00am
Another child abducted for ransom in Islamabad

Another child abducted for ransom in Islamabad

An eight-year-old grand daughter of Mohammad Aslam Rao, the secretary National Book Foundation, was kidnapped from Islamabad on Thursday for ransom, Business Recorder learnt here on Friday. The girl was kidnapped, as she and her brother were return
Published 03 Apr, 2005 12:00am
'Pakistan's ranking in human development to be improved'

'Pakistan's ranking in human development to be improved'

National Commission for Human Development Chairman Dr Nasim Ashraf on Saturday said that in the next six years, Pakistan's ranking in the International Human Development was expected to jump 16 positions. Speaking here at a news conference, he said under
Published 03 Apr, 2005 12:00am
Sino-Pak defence talks next week

Sino-Pak defence talks next week

The Vice Chief of the Army Staff, General Ahsan Saleem Hayat, will lead Pakistani delegation at Pak-China defence and security talks to be held in Beijing next week. He will arrive here on Monday. Defence sources told APP that the two sides will review th
Published 03 Apr, 2005 12:00am
Jiabao's visit to further deepen bilateral ties: Shaukat

Jiabao's visit to further deepen bilateral ties: Shaukat

Prime Minister Shaukat Aziz has said that the coming visit of Chinese Prime Minister would further deepen the excellent bilateral ties in political, diplomatic and economic fields, as the two countries are expected to conclude an 'Early Harvest Programme'
Published 03 Apr, 2005 12:00am
EPB invites comments for Expo 2006

EPB invites comments for Expo 2006

Export Promotion Bureau (EPB) which plans to hold next Expo 2006 from March 30 to April 2, 2006 has invited views and comments from trade bodies and all stake holders on the proposed date. According to EPB official here on Saturday, the Bureau was interes
Published 03 Apr, 2005 12:00am
FPCCI secretary general reacts to Sardar Ashraf's letter

FPCCI secretary general reacts to Sardar Ashraf's letter

The Secretary General of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has reacted to the reply, sent to the Director of Trade Organisations (DTO) by FPCCI Managing Committee member Sardar Ashraf Khan in response to DTO's letter relatin
Published 03 Apr, 2005 12:00am
US visa applicants must cite credible reason

US visa applicants must cite credible reason

US Visa Consul, Terry Steers Gonzalez has said that applicants for a tourist or business visitor's visa must be able to demonstrate a credible reason for travelling to the US and ample proof of the subject returning after the visit. He was talking to the
Published 03 Apr, 2005 12:00am
People rejects strike call, says Ibad

People rejects strike call, says Ibad

Sindh Governor Dr Ishratul Ebad Khan and Chief Minister Dr Arbab Ghulam Rahim took a round of the city and met people at different shopping areas to assure them of protection against acts of violence by the strikers on Saturday. Muttahida Majlis-i-Amal (M
Published 03 Apr, 2005 12:00am
PHC chief justice calls on NWFP governor

PHC chief justice calls on NWFP governor

Chief Justice of Peshawar High Court (PHC) Justice Nasirul Mulk called on the NWFP governor Khalil-ur-Rehman at Governor's House here on Saturday. He remained with the governor for some time and discussed various matters with special reference to the work
Published 03 Apr, 2005 12:00am
Explosives recovered from JI office; 9 arrested

Explosives recovered from JI office; 9 arrested

In an early morning raid on Saturday on Idara-e-Noor-e-Huq, police recovered objectionable literature, explosives, and arms and ammunition, and arrested nine miscreants. Adviser to Sindh Chief Minister Salahuddin Haider, in a statement said that law enfor
Published 03 Apr, 2005 12:00am
Symposium on conservation of Mahasheer from April 25

Symposium on conservation of Mahasheer from April 25

A two-day symposium on conservation of Mahasheer species of fish will be held at the Bukhari Auditorium Government College University Lahore April 25-26. The federal minister for food agriculture Sardar Sikandar Hayat Bosan, will be the chief quest at the
Published 03 Apr, 2005 12:00am
Patiwuare Foundation to attend UN meeting

Patiwuare Foundation to attend UN meeting

Patiwaure Foundation, a NGO engaged in social work since 1997, will participate in the 20th governing council meeting of United Nations Commission for Human Settlement, being held in Nairobi Kenya from April 04. The Patiwaure Foundation Vice-president and
Published 03 Apr, 2005 12:00am
Complete strike observed in NWFP

Complete strike observed in NWFP

The Muttahida Majlis-i-Amal (MMA) strike against price hike, unemployment, increase in prices of petrol, diesel, kerosene oil, lawlessness and government's pro-US agenda received remarkable response in NWFP, the stronghold of the religio-political allianc
Published 03 Apr, 2005 12:00am
SAB lauds Irsa's decision on water distribution

SAB lauds Irsa's decision on water distribution

The central executive committee of Sindh Abadgar Board (SAB) lauded the decision of Indus River System Authority (Irsa) that water distribution to provinces during the forthcoming Kharif season would be carried out in accordance with Water Accord 1991. Th
Published 03 Apr, 2005 12:00am
Dutch company to set up superstores

Dutch company to set up superstores

A Dutch company, Makro having a world wide chain of 'Cash and Carry' trading outlets, will set up super stores in Lahore and other towns of Pakistan brining in an estimated investment of Rs 10 billion. This was stated by head of the visiting Dutch investo
Published 03 Apr, 2005 12:00am
Illegal pesticide company raided

Illegal pesticide company raided

A team headed by District Officer Agriculture Extension, Riaz Ahmed Dayo raided an illegal pesticide company engaged in manufacturing spurious pesticides and marketing it throughout the province. The party seized 259 bags of spurious sulphate potash being
Published 03 Apr, 2005 12:00am
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