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Print - 2005-05-10
Pizza delivery ends Australian prison siege

Pizza delivery ends Australian prison siege

An Australian prison siege ended on Monday after a group of inmates agreed to release a guard they had held for two days in return for a delivery of pizzas, prison officials said. A group of up to 20 inmates seized control of the reception area of the max
Published 10 May, 2005 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 75,316 tonnes of cargo including 67,869 tonnes import and 7,447 tonnes export cargo including 618 containers during last 24 hours ending at 0700 hours on Monday. The cargo comprised of 27,176 tonnes dry cargo including 13,765 tonn
Published 10 May, 2005 12:00am
Al Qaeda suspects planned attacks in Saudi Arabia: Yemen

Al Qaeda suspects planned attacks in Saudi Arabia: Yemen

Eight al Qaeda suspects on trial in Yemen had also planned to attack Americans in Saudi Arabia, state prosecutors told a court on Monday. The group, on trial since March, were initially accused of having links to al Qaeda and planning to blow up the Briti
Published 10 May, 2005 12:00am
Group urges political parties in Kuwait

Group urges political parties in Kuwait

A new Kuwaiti conservative group said on Monday it had asked parliament to draft a law allowing political parties in the conservative Gulf Arab state. State security summoned leaders of the Umma Party for interrogation last week, saying they were "trying
Published 10 May, 2005 12:00am
Italy arrests judge and 15 others in anti-Mafia swoop

Italy arrests judge and 15 others in anti-Mafia swoop

Italy's anti-Mafia police arrested 16 people, including a judge and a deputy police chief, in a nation-wide sweep on Monday taking aim at corruption and Cosa Nostra money laundering activities. Among those involved in the operation were magistrate Giusepp
Published 10 May, 2005 12:00am
Canada Conservatives target Liberals

Canada Conservatives target Liberals

Despite a softening in their polling numbers, Canada's opposition Conservatives said on Monday they were still eager to take down the minority Liberal government at the earliest opportunity. "We want to see an election now - N-O-W - as soon as possible,"
Published 10 May, 2005 12:00am
Rafsanjani keeps Iran guessing on presidential bid

Rafsanjani keeps Iran guessing on presidential bid

Former President Akbar Hashemi Rafsanjani kept Iran guessing on Monday about whether he would stand in next month's presidential elections, a vote polls indicate he would probably win. Official registration of candidates for the June 17 vote, which diplom
Published 10 May, 2005 12:00am
Vatican Radio bosses jailed

Vatican Radio bosses jailed

The president and director-general of Vatican Radio, the official broadcast voice of the Roman Catholic Church, have been given 10-day prison sentences because their transmitters give out too much interference, court officials said Monday. Last November a
Published 10 May, 2005 12:00am
China experiments with police interrogation videos

China experiments with police interrogation videos

China, where dramatic miscarriages of justice have made recent headlines, is launching a pilot project allowing the interrogation of criminal suspects in front of video cameras and lawyers, state media said on Monday. Three county-level public security bu
Published 10 May, 2005 12:00am
Food, not votes, concern Ethiopia's hungry

Food, not votes, concern Ethiopia's hungry

Ethiopia's elections are the furthest thing from Bisharo Sultan's mind. As politicians wrangle over privatisation, land reform and the constitution hundreds of kilometres away in the capital Addis Ababa before polls on Sunday, Bisharo wonders how she will
Published 10 May, 2005 12:00am
Shanghai copper futures jump

Shanghai copper futures jump

Shanghai copper futures jumped on Monday in their first trading session after a week-long market break, buoyed by persistently tight domestic spot supply. Most-active July ended at 32,380 yuan ($3,912) a tonne, up 290 yuan from April 29, the final session
Published 10 May, 2005 12:00am
US to press Nepal on democracy during Rocca visit

US to press Nepal on democracy during Rocca visit

US Assistant Secretary of State for South Asia, Christina Rocca, arrived in Nepal on Monday and was expected to push King Gyanendra to allow the country an early return to democracy. During her three-day trip to the restive Himalayan kingdom she will meet
Published 10 May, 2005 12:00am
Ship crushes South Africa trawler, 14 missing

Ship crushes South Africa trawler, 14 missing

Fourteen South African fishermen are missing after their trawler was run down by a refrigeration cargo ship off the Eastern Cape, leaving only two survivors, an official said on Monday. A torrent of water swept skipper Paul Landers from the wheelhouse thr
Published 10 May, 2005 12:00am
Middle East quartet says next months key to peace

Middle East quartet says next months key to peace

Both sides in the Middle East conflict must build in the next few months on the momentum from Israel's withdrawal plans and Palestinian reforms if they are to achieve peace, international mediators said on Monday. Officials of the "quartet" - the United N
Published 10 May, 2005 12:00am
'Amnesty available for Omar and Hekmatyar'

'Amnesty available for Omar and Hekmatyar'

Afghanistan's reconciliation commission said Monday that wanted former Taleban leader Mullah Mohammed Omar and warlord Gulbuddin Hekmatyar could be offered an amnesty and allowed to enter politics. Sibghatullah Mojaddedi, the head of the Independent Natio
Published 10 May, 2005 12:00am
Siemens to improve Mumbai train service

Siemens to improve Mumbai train service

German engineering company Siemens AG has won a 200 million dollar contract to improve the crowded commuter train service in India's financial capital Bombay, the company said Monday. Under the contract from state-owned Indian Railways, Siemens Transporta
Published 10 May, 2005 12:00am
S&P buys majority of Indian rating agency CRISIL

S&P buys majority of Indian rating agency CRISIL

Standard & Poor's has taken a majority stake in India's top rating agency CRISIL Ltd, raising its presence in a fast-growing market with plans to make use of the country's cost-effective research capabilities. S&P, the world's largest credit rating agency
Published 10 May, 2005 12:00am
S&P buys majority of Indian rating agency CRISIL

S&P buys majority of Indian rating agency CRISIL

Standard & Poor's has taken a majority stake in India's top rating agency CRISIL Ltd, raising its presence in a fast-growing market with plans to make use of the country's cost-effective research capabilities. S&P, the world's largest credit rating agency
Published 10 May, 2005 12:00am
China should move now on yuan: Snow

China should move now on yuan: Snow

US Treasury Secretary John Snow, speaking on Monday as a Chinese delegation visited the US Treasury for talks on currency and other issues, said Beijing should act now loosen its fixed currency regime. The US Treasury chief was responding to reporters' qu
Published 10 May, 2005 12:00am
UK factory output down in March

UK factory output down in March

British manufacturing output unexpectedly fell at its fastest rate in nearly three years in March, suggesting there was almost no chance the Bank of England would hike interest rates later on Monday. The Office for National Statistics said manufacturing p
Published 10 May, 2005 12:00am
Higher steel prices hit auto sector profits

Higher steel prices hit auto sector profits

The auto sector profits in the nine months (July-March) declined by 8 percent compared with same period of last year because of higher steel prices and depreciation of rupee against yen, despite healthy growth of 35 percent in sales, analysts said. Farhan
Published 10 May, 2005 12:00am
Euronext delays September 2006 wheat contract

Euronext delays September 2006 wheat contract

Euronext.liffe will delay the launch of the September 2006 wheat futures contract in order to implement new European Union food safety standards, a spokeswoman for the exchange said on Monday. Euronext.liffe, part of pan-European bourse operator Euronext,
Published 10 May, 2005 12:00am
Fixation of oil prices on daily basis opposed

Fixation of oil prices on daily basis opposed

The petroleum ministry has opposed senate panel's formula to determine oil prices on daily basis, terming it impracticable and unfeasible. The ministry counted two reasons in support of its case: non-existence of an effective regulatory mechanism and lack
Published 10 May, 2005 12:00am
Brazil's centre-south sugarcane crop seen dry

Brazil's centre-south sugarcane crop seen dry

Brazil's main centre-south sugarcane crop, which began harvesting in late March, will be dry through May 19, after receiving normal to above normal rainfall in April, meteorologists Somar said on Monday. "There could be some very light, isolated showers t
Published 10 May, 2005 12:00am
Fixation of oil prices on daily basis opposed

Fixation of oil prices on daily basis opposed

The petroleum ministry has opposed senate panel's formula to determine oil prices on daily basis, terming it impracticable and unfeasible. The ministry counted two reasons in support of its case: non-existence of an effective regulatory mechanism and lack
Published 10 May, 2005 12:00am
CIF Gulf corn and wheat steady; soyabean firm

CIF Gulf corn and wheat steady; soyabean firm

US CIF Gulf corn basis values were steady on Monday, while soyabeans were firm amid slow grain movement as farmers seeded their corn crop, traders said. Barge freight was steady after posting gains last week amid tight supplies of empty vessels, and a pic
Published 10 May, 2005 12:00am
Higher steel prices hit auto sector profits

Higher steel prices hit auto sector profits

The auto sector profits in the nine months (July-March) declined by 8 percent compared with same period of last year because of higher steel prices and depreciation of rupee against yen, despite healthy growth of 35 percent in sales, analysts said. Farhan
Published 10 May, 2005 12:00am
London cocoa inches up in two-week price band

London cocoa inches up in two-week price band

London cocoa prices posted moderate gains on Monday but kept within a two-week range after a session focused mainly on structural dealings, traders said. Liffe July closed five pounds stronger at 822 pounds a tonne on volume of 17,014 lots. Total turnover
Published 10 May, 2005 12:00am
Higher steel prices hit auto sector profits

Higher steel prices hit auto sector profits

The auto sector profits in the nine months (July-March) declined by 8 percent compared with same period of last year because of higher steel prices and depreciation of rupee against yen, despite healthy growth of 35 percent in sales, analysts said. Farhan
Published 10 May, 2005 12:00am
More Americans seen lapping up Fair Trade coffee

More Americans seen lapping up Fair Trade coffee

US demand for certified Fair Trade coffee could quadruple by the end of the decade, as more roasters and retailers join the socially conscious consumption trend that gives small-scale farmers access to world markets. US imports of Fair Trade coffee, which
Published 10 May, 2005 12:00am
Emerging nations drive world growth: G10

Emerging nations drive world growth: G10

Booming emerging markets such as China are driving strong global economic growth although surging oil costs pose a risk to the outlook, central bankers from rich and developing countries said on Monday. The global economy is expected to grow around 4 perc
Published 10 May, 2005 12:00am
Russian weekly grain market report

Russian weekly grain market report

Russian grain markets lacked lustre in the week between holidays with most cereal prices declining by just 20-50 roubles per tonne on average. Only sunseed prices strengthened after a period of stability, traders said. Third class wheat prices eased insig
Published 10 May, 2005 12:00am
Top 100 companies tax profiles to be verified

Top 100 companies tax profiles to be verified

The Central Board of Revenue (CBR) has decided to examine the tax profiles of 100 top companies, encompassing manufacturers and importers, to verify the authenticity of their ''exemption certificates'', issued by Regional Commissioners of Income Tax (RCIT
Published 10 May, 2005 12:00am
Japan seen buying wheat for Jordan

Japan seen buying wheat for Jordan

The Japanese government is expected to issue a tender to purchase about 100,000 tonnes of hard wheat as an aid donation to Jordan in the first week of June, traders said on Monday. The tender was part of a $40 million development aid donation under which
Published 10 May, 2005 12:00am
Top 100 companies tax profiles to be verified

Top 100 companies tax profiles to be verified

The Central Board of Revenue (CBR) has decided to examine the tax profiles of 100 top companies, encompassing manufacturers and importers, to verify the authenticity of their 'exemption certificates', issued by Regional Commissioners of Income Tax (RCITs)
Published 10 May, 2005 12:00am
HRW wheat bids unchanged, weather dry

HRW wheat bids unchanged, weather dry

US Plains spot hard red winter wheat basis bids were unchanged on Monday morning with business quiet ahead of harvest, merchandisers said. Mills were mostly well-stocked and producers were mostly sold out of old-crop supplies, leaving the market focused o
Published 10 May, 2005 12:00am
Top 100 companies tax profiles to be verified

Top 100 companies tax profiles to be verified

The Central Board of Revenue (CBR) has decided to examine the tax profiles of 100 top companies, encompassing manufacturers and importers, to verify the authenticity of their 'exemption certificates', issued by Regional Commissioners of Income Tax (RCITs)
Published 10 May, 2005 12:00am
US Midwest corn firm, soya mixed

US Midwest corn firm, soya mixed

Basis bids for corn were mostly steady to firm in the US Midwest interior early on Monday while soyabean bids were steady to mixed, with quiet sales supporting the basis for both commodities, merchandisers said. Soy processor bids held steady at most loca
Published 10 May, 2005 12:00am
China restricts iron ore imports to 118 firms

China restricts iron ore imports to 118 firms

China is giving just 118 steel mills and firms permits to import iron ore in a bid to quell speculation in the fastest-growing major economy and home to the world's largest steel industry, officials said on Monday. China has taken a series of measures to
Published 10 May, 2005 12:00am
Brazil's soya crop 51 percent sold

Brazil's soya crop 51 percent sold

Producers have sold 51 percent of Brazil's 2004/05 soyabean crop by May 6, down from the 61 percent of the crop sold by this week in 2004, analysts Safras e Mercado said on Friday. Brazilian soya producers have on average sold 55 percent of their crop by
Published 10 May, 2005 12:00am
Asian currencies weaker on US data, eyes also on North Korea

Asian currencies weaker on US data, eyes also on North Korea

Asian currencies fell on Monday as strong US job market data lifted the dollar, while worries about the North Korean nuclear crisis emerged again as a drag on the South Korean won. Early won weakness was partly attributable to concerns North Korea may be
Published 10 May, 2005 12:00am
Chinese stocks dive to six-year low

Chinese stocks dive to six-year low

China's shares dived 2.4 percent on Monday, setting yet another six-year closing low, as investors fled the market after Beijing launched a second attempt to sell some $300 billion in non-traded state-owned shares. The benchmark Shanghai composite index f
Published 10 May, 2005 12:00am
Infosys ADR offer, worth up to $1 billion, set to open

Infosys ADR offer, worth up to $1 billion, set to open

Infosys Technologies Ltd, India's second-biggest software services exporter, said its offer of American Depositary Receipts (ADRs) against existing local shares would open on Monday. The company said it will convert up to 16 million shares or 6 percent of
Published 10 May, 2005 12:00am
Infosys ADR offer, worth up to $1 billion, set to open

Infosys ADR offer, worth up to $1 billion, set to open

Infosys Technologies Ltd, India's second-biggest software services exporter, said its offer of American Depositary Receipts (ADRs) against existing local shares would open on Monday. The company said it will convert up to 16 million shares or 6 percent of
Published 10 May, 2005 12:00am
Philippines to sell bonds worth up to $750 million

Philippines to sell bonds worth up to $750 million

The Philippines, struggling to plug a budget shortfall, said on Monday it will sell $500 million to $750 million of fresh debt by reopening existing 2015 and 2030 bonds. The will be the second time the Philippines has come to the international bond market
Published 10 May, 2005 12:00am
Philippines to sell bonds worth up to $750 million

Philippines to sell bonds worth up to $750 million

The Philippines, struggling to plug a budget shortfall, said on Monday it will sell $500 million to $750 million of fresh debt by reopening existing 2015 and 2030 bonds. The will be the second time the Philippines has come to the international bond market
Published 10 May, 2005 12:00am
Nikkei declines as profit-taking hits blue chips

Nikkei declines as profit-taking hits blue chips

Japan's Nikkei share average slipped 0.2 percent on Monday as investors took profits on blue chip companies like Honda Motor Co following a rally in the previous session, but buying in small-cap shares limited losses. A US interest rate rise last week als
Published 10 May, 2005 12:00am
Indian rupee eases on dollar's rise

Indian rupee eases on dollar's rise

The rupee recouped early losses but still finished weaker on Monday as the dollar hit a three-week high against the euro after last week's surprising strong US jobs report eased concerns of slowing US growth. But a rally in the local stock market and grow
Published 10 May, 2005 12:00am
Australian dollar softens

Australian dollar softens

The Australian dollar remained trapped below 76.50 US cents on Monday as news of deteriorating business conditions compounded the currency's weakness in the wake of stronger-than-expected US jobs data. The Aussie was $0.7730/33, off a low of $0.7726, but
Published 10 May, 2005 12:00am
Dollar builds on gains after big US jobs rise

Dollar builds on gains after big US jobs rise

The dollar extended gains on Monday after data late last week showing surprisingly big US job growth eased worries about the economy and fuelled expectations the Federal Reserve would keep raising interest rates. Helping support the dollar as well was Chi
Published 10 May, 2005 12:00am
Taiwan stocks end flat, foreign funds lift techs

Taiwan stocks end flat, foreign funds lift techs

Taiwan stocks ended little changed on Monday, with big tech shares like TSMC reversing early losses on recent foreign buying while industrials were hit by lowered expectations of trade concessions from China. The TAIEX share index finished with a slim los
Published 10 May, 2005 12:00am
Sri Lanka plan to upstage India

Sri Lanka plan to upstage India

Sri Lanka's government-appointed cricket board is determined to defeat India in the race for a new national coach by naming their choice by the end of this week, a top official said on Monday. "We will have a new man before the week ends," Jayantha Dharma
Published 10 May, 2005 12:00am
ICC announces Rest of the World XI probables

ICC announces Rest of the World XI probables

The International Cricket Council (ICC) Monday announced the initial squads for the Rest of the World XI sides in the Super Series against Australia to be held later this year. The ICC World XI will take on world champions Australia in three one-dayers (O
Published 10 May, 2005 12:00am
Singh wins Wachovia Championship in playoff

Singh wins Wachovia Championship in playoff

Fiji's Vijay Singh ran down Sergio Garcia then outlasted Garcia and Jim Furyk in a three-way playoff, winning the 5.6 million-dollar Wachovia Championship on the fourth hole of sudden death here Sunday. Singh and Furyk had both erased a six-shot deficit i
Published 10 May, 2005 12:00am
South Africa win second one-dayer

South Africa win second one-dayer

South Africa won the second one-day international here on Sunday beating the West Indies by eight wickets to take a 2-0 lead in the five-match series. The third game is in Barbados on Wednesday.
Published 10 May, 2005 12:00am
Shoaib Malik cleared of suspected bowling action

Shoaib Malik cleared of suspected bowling action

Pakistan's promising off-spinning allrounder Shoaib Malik has been cleared of suspected bowling action, a Pakistan cricket official said Monday. "Malik went to the sports institute of South Africa last month and now we have received the report which says
Published 10 May, 2005 12:00am
Pakistan Sports Trust launched with initial capital of Rs 75 million

Pakistan Sports Trust launched with initial capital of Rs 75 million

The Pakistan Sports Trust (PST) with a commitment to the promotion of sports in the country was launched at a local hotel here on Monday. Lieutenant General Syed Arif Hassan, President of the Pakistan Olympic Association (POA) is the first chairman of the
Published 10 May, 2005 12:00am
BoE leaves interest rates on hold as economy slows

BoE leaves interest rates on hold as economy slows

The Bank of England left interest rates on hold for a ninth month on Monday as evidence builds that the economy is slowing fast - so much so that a number of analysts predict a rate cut by the end of the year. Data just before the decision showed manufact
Published 10 May, 2005 12:00am
South Korea fines telecoms firms

South Korea fines telecoms firms

South Korea said on Monday it fined three telecoms firms, including top mobile carrier SK Telecom Co, a combined 26.9 billion won ($26.85 million) for unfairly subsidising mobile phone costs for new subscribers. The information ministry is concerned that
Published 10 May, 2005 12:00am
Barclays returns to South Africa in $5.5 billion deal

Barclays returns to South Africa in $5.5 billion deal

Britain's Barclays agreed a $5.5 billion deal for control of lender Absa on Monday, marking its return to South African retail banking and the biggest direct foreign investment in the country. The UK bank's long-awaited announcement is a major vote of con
Published 10 May, 2005 12:00am
EADS gets sharp Airbus profit boost

EADS gets sharp Airbus profit boost

Aerospace group EADS more than trebled its operating profit in the first quarter to 657 million euros ($851 million), well above market forecasts and swept higher by Airbus, the world's biggest passenger jetmaker. Net profit at Europe's largest industrial
Published 10 May, 2005 12:00am
EADS gets sharp Airbus profit boost

EADS gets sharp Airbus profit boost

Aerospace group EADS more than trebled its operating profit in the first quarter to 657 million euros ($851 million), well above market forecasts and swept higher by Airbus, the world's biggest passenger jetmaker. Net profit at Europe's largest industrial
Published 10 May, 2005 12:00am
US wholesale inventories rise

US wholesale inventories rise

Inventories at US wholesalers rose a smaller-than-expected 0.4 percent in March, government data showed on Monday, as stockpiles of cars and computers declined while petroleum stocks advanced sharply. Wall Street analysts had predicted a 0.8 percent incre
Published 10 May, 2005 12:00am
McDonald's April sales at high end of estimates

McDonald's April sales at high end of estimates

McDonald's Corp on Monday said sales at its hamburger restaurants open at least 13 months rose 2.8 percent in April, meeting the high end of expectations, as strong breakfast sales in the United States offset weakness in Europe. Same-store sales, a key re
Published 10 May, 2005 12:00am
Cold weather drags down German industrial output

Cold weather drags down German industrial output

German industrial production fell more than expected in March as cold weather stung construction output, dragging down the overall figure and hardening scepticism about the outlook for the second quarter. Industrial production fell by a seasonally-adjuste
Published 10 May, 2005 12:00am
Russia has chance to join WTO in 2006

Russia has chance to join WTO in 2006

Russia has a window of opportunity in the next few months to secure entry to the World Trade Organisation (WTO) but government co-ordination must improve to achieve this goal, EU Trade Commissioner Peter Mandelson said. Mandelson told a news conference on
Published 10 May, 2005 12:00am
Manila approves hike in transport fares

Manila approves hike in transport fares

The Philippine government said on Monday it allowed a 33 to 36 percent rise in public transport fares in Manila, putting more pressure on residents of the capital feeling the pinch of higher food, power and fuel costs. The fare hike will take effect on Ma
Published 10 May, 2005 12:00am
UN to monitor UAE move to end child camel jockeys

UN to monitor UAE move to end child camel jockeys

A UN body said on Monday it would keep a close eye on efforts in the United Arab Emirates to rescue young boys forced to work as camel jockeys to ensure they did not simply get passed to other countries. Rights groups say several thousand boys, some as yo
Published 10 May, 2005 12:00am
Vietnam sets rules for Hanoi bourse OTC market

Vietnam sets rules for Hanoi bourse OTC market

The Hanoi Stock Exchange announced relaxed listing requirements on Monday for its over-the-counter (OTC) market, but low investor interest and resistance from state firms to open their books could delay the expected opening next month. Up to seven firms w
Published 10 May, 2005 12:00am
Malaysian shares end flat

Malaysian shares end flat

Malaysian share prices closed flat on Monday, with a downward trend reversed by last minute support for blue chips, dealers said. They said the market was weaker for most of the day but last minute buying of selected blue chips pushed the 100-stock compos
Published 10 May, 2005 12:00am
Jakarta shares close 1.12 percent higher

Jakarta shares close 1.12 percent higher

Indonesian share prices closed 1.12 percent higher on Monday, led by index heavyweight Telkom on hopes that the company's foreign debt burden will ease if the rupiah sustains its recent recovery, dealers said. The Jakarta Stock Exchange composite index cl
Published 10 May, 2005 12:00am
Hong Kong shares soar, led by select blue chips

Hong Kong shares soar, led by select blue chips

Hong Kong share prices closed 0.36 percent higher on Monday as select blue chips attracted buying interest in relatively thin trade after the market found no lead in Wall Street's muted reaction to stronger-than-expected US jobs data, dealers said. The ke
Published 10 May, 2005 12:00am
Thai shares edge lower

Thai shares edge lower

Thai share prices closed 0.17 percent lower on Monday on profit-taking in large-caps amid concerns that a strong US economy will see both inflation and interest rates move higher, dealers said. The Stock Exchange of Thailand (SET) composite index closed d
Published 10 May, 2005 12:00am
Indian stocks close higher

Indian stocks close higher

Indian share prices closed 1.45 percent higher led by Infosys Technologies ahead of the start of a new sale of its American Depository Shares on the Nasdaq market Monday, dealers said. The Bombay Stock Exchange's 30-share Sensex index rose 92.87 points to
Published 10 May, 2005 12:00am
Singapore shares slightly up

Singapore shares slightly up

Singapore share prices closed 0.23 percent higher on Monday with local technology stocks boosted by positive guidance from US chip giant Intel, dealers said. The Straits Times index rose 5.07 points to 2,166.29. Volume totalled 715 million shares worth 70
Published 10 May, 2005 12:00am
Philippines shares finish 1.72 percent firmer

Philippines shares finish 1.72 percent firmer

Philippines share prices rose 1.72 percent to their highest level in a month on Monday, extending recent solid gains on strong corporate results and hopes Congress will finally pass a long-delayed value-added tax (VAT) bill, dealers said. The Philippine S
Published 10 May, 2005 12:00am
Efforts on to promote quality education: Sindh minister

Efforts on to promote quality education: Sindh minister

Sindh Minister for Education and Literacy, Dr Hamida Khuhro has said that at world-level, Pakistan is almost at the bottom with regard to education but the present government is trying hard to promote quality education with special emphasis on higher educ
Published 10 May, 2005 12:00am
JSIBL ratings maintained

JSIBL ratings maintained

The Pakistan Credit Rating Agency (Pacra) has maintained the long-term and short-term ratings of Jahangir Siddiqui Investment Bank Ltd (JSIBL) at 'A+' (Single A Plus) and 'A1' (A One), respectively. These ratings are applicable to senior unsecured credito
Published 10 May, 2005 12:00am
22 petitions against NAB adjourned

22 petitions against NAB adjourned

A three-member bench of the Supreme Court on Monday adjourned hearing of 22 petitions of various appellants against the National Accountability Bureau (NAB) on the request of the counsel of petitioners. The bench of the Apex Court comprising Chief Justice
Published 10 May, 2005 12:00am
India offers to help improve seafood items' quality

India offers to help improve seafood items' quality

The Indian seafood industry is ready to help its Pakistani counterpart to improve the quality of seafood products and value-added products if a formal request is made to India, said Anwar Hashmi, president, Seafood Exporters Association of India (SEAI) on
Published 10 May, 2005 12:00am
Pakistan and UK to exchange cultural troupes

Pakistan and UK to exchange cultural troupes

Pakistan and United Kingdom decided to exchange youth delegations and cultural troupes to boost bilateral relations between the two countries. Federal Minister for Sports, Culture and Youth Affairs Mohammad Ajmal Khan and British high Commissioner Mark Ly
Published 10 May, 2005 12:00am
Proposals under study: 150,000 may perform Haj next year

Proposals under study: 150,000 may perform Haj next year

Pakistan may again send 150,000 persons to perform Haj next year. This is one of the several proposals received by the Ministry of Religious Affairs, Zakat and Ushr for the formulation of the 2006 Haj policy. The same number performed Haj last year. Howev
Published 10 May, 2005 12:00am
Arab woman case: police asked not to transfer couple from NWFP

Arab woman case: police asked not to transfer couple from NWFP

The Peshawar High Court (PHC) on Monday directed investigation officer in the Arab woman case, who had married a Pakistani by her own choice, not to transfer her and her husband from the territorial jurisdiction of the court till completion of the investi
Published 10 May, 2005 12:00am
Pakistan to continue acquiring new defence technology

Pakistan to continue acquiring new defence technology

Minister for Information and Broadcasting Sheikh Rashid Ahmed on Monday said that Pakistan would continue acquiring new technology to meet its defence needs. Talking to newsmen here, Sheikh Rashid said Pakistan was not facing any external threat but had i
Published 10 May, 2005 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 10 May, 2005 12:00am
FOREIGN TRADE INQUIRIES

FOREIGN TRADE INQUIRIES

Export Promotion Bureau has received the following Trade Enquiries from abroad. Interested Pakistani parties dealing in the under mentioned items can obtain further details from the addresses given or from EPB Head Quarters and its Regional/Sub-Regional O
Published 10 May, 2005 12:00am
INTERNATIONAL TENDERS

INTERNATIONAL TENDERS

Export Promotion Bureau has received the following International Tenders from abroad. Interested Pakistani parties dealing in the under mentioned items can obtain further details of Tenders from the addresses given or from EPB Head Quarters and its Region
Published 10 May, 2005 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Monday (May 09, 2005).

Published 10 May, 2005 12:00am
Rs 265 million allocated for Gorakh Hill project

Rs 265 million allocated for Gorakh Hill project

The Sindh government has allocated Rs 265 million for Gorakh Hill Development project that would be implemented in two phases with a view to providing a hill station to the people of the province at their doorsteps. Shabbir Ahmed Qaimkhani, minister for c
Published 10 May, 2005 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Karachi Stock Exchange.

Published 10 May, 2005 12:00am
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