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Nov 26, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2005-07-16
Hong Kong stocks flat, blue chips seen making further gains

Hong Kong stocks flat, blue chips seen making further gains

Hong Kong stocks were largely unchanged on Friday as investors paused for breath after the benchmark index tapped fresh 4-year highs and hugged a key psychological level. But traders expect the market to continue climbing next week with healthy volume and
Published 16 Jul, 2005 12:00am
Singapore shares close flat

Singapore shares close flat

Singapore shares closed flat Friday as the market consolidated multi-year highs this week, with investors taking profits in Creative Technology after the under-pressure MP3 maker rebounded, dealers said. The Straits Times Index rose 0.13 points to 2,250.2
Published 16 Jul, 2005 12:00am
Chinese shares falter as earnings hold sway

Chinese shares falter as earnings hold sway

China's shares slid 1.4 percent on Friday, paced by potentially poor earners, but blue chips such as top Asian refiner Sinopec Corp attracted bargain-hunting interest from investors. The Shanghai composite index closed at 1,026.115 points, just shy of its
Published 16 Jul, 2005 12:00am
Hong Kong dollar strengthens

Hong Kong dollar strengthens

The Hong Kong dollar edged higher on Friday on renewed speculation China could soon revalue its currency, but ended the day well off morning highs after Beijing stressed it had no timetable for any currency move. The HK dollar was trading at 7.7779/81 to
Published 16 Jul, 2005 12:00am
Chinese yuan ends stronger

Chinese yuan ends stronger

The yuan on Friday ended two notches stronger at 8.2763 per US dollar, near the stronger end of its managed trading range. The one-year non-deliverable dollar forward discount versus the yuan stood at 4,550 points, implying a rate of 7.823 yuan per dollar
Published 16 Jul, 2005 12:00am
Swiss franc firms after US data, Fed eyed

Swiss franc firms after US data, Fed eyed

The Swiss franc firmed slightly against the dollar on Friday as the US currency took a breather after a strong rally earlier in the week on a string of upbeat US data. On Thursday strong US retail sales figures came on the heels of data showing an unexpec
Published 16 Jul, 2005 12:00am
Dollar strong as market looks to Greenspan

Dollar strong as market looks to Greenspan

The dollar held firm on Friday, a day after a strong retail sales report added to a string of upbeat news on the US economy and suggested the Federal Reserve would keep raising interest rates at a steady pace. The retail sales figures came on the heels of
Published 16 Jul, 2005 12:00am
Dollar edges higher in choppy trade after US data

Dollar edges higher in choppy trade after US data

The dollar drifted mostly higher on Thursday after a strong US retail sales report suggested the US economy remains on a solid footing and cemented the view that interest rates will continue to rise. A surprisingly strong 1.7 percent surge in retail sales
Published 16 Jul, 2005 12:00am
Most Asian currencies gain on rising stocks, oil decline

Most Asian currencies gain on rising stocks, oil decline

The Korean won shed nearly a percent on Friday after the authorities said they were monitoring the currency's sharp moves. Other Asian currencies rose, boosted by their rising stock markets and the decline in oil prices, and despite the strength in the US
Published 16 Jul, 2005 12:00am
Bangladesh to tour Sri Lanka in September

Bangladesh to tour Sri Lanka in September

Bangladesh will play two Tests and three one-day internationals in Sri Lanka in September, Sri Lanka Cricket said in a statement here on Friday. Bangladesh, the newest Test-playing nation, will begin the 25-day tour with three one-day internationals in Da
Published 16 Jul, 2005 12:00am
Sri Lanka seize control of first Test despite rain

Sri Lanka seize control of first Test despite rain

Hosts Sri Lanka left the under-strength West Indians gasping for survival in the first cricket Test even as bad weather ruined the third day's play here on Friday. Heavy overnight rain and dark skies wiped out the morning and evening sessions, allowing ju
Published 16 Jul, 2005 12:00am
Shabbir vows return after suspension

Shabbir vows return after suspension

Pakistan fast bowler Shabbir Ahmed vowed Friday to stage an international comeback after being suspended for having a suspect bowling action. Ahmed, 29, who was reported for a third time in the West Indies in May this year, will not be allowed to feature
Published 16 Jul, 2005 12:00am
Big Easy counts on weather to rein in Tiger

Big Easy counts on weather to rein in Tiger

Ernie Els got his British Open challenge back on track Friday with a second round 67 and then admitted he was hoping Mother Nature would help him catch Tiger Woods over the weekend.
Published 16 Jul, 2005 12:00am
Australia to consider identity card to fight terrorism

Australia to consider identity card to fight terrorism

Australia should consider introducing a national identity card in the wake of the London bombings and the rise in global terrorism, Prime Minister John Howard said on Friday. Australia last debated a national ID card, called the Australia Card, in 1987. H
Published 16 Jul, 2005 12:00am
Church group was on spy mission: Zimbabwe

Church group was on spy mission: Zimbabwe

Zimbabwe sought on Friday to discredit South African clerics who have criticised its demolitions of shantytowns, with state media saying their visit to assess the drive was bankrolled by British intelligence.
Published 16 Jul, 2005 12:00am
China summons Japan diplomat over sea dispute

China summons Japan diplomat over sea dispute

China lodged a strong protest with Japan on Friday over what it called an infringement of its sovereignty and interests in the East China Sea after Tokyo granted rights to test-drill for gas in disputed waters.
Published 16 Jul, 2005 12:00am
Bangladesh parties demand reform, threaten poll boycott

Bangladesh parties demand reform, threaten poll boycott

Bangladesh's main opposition party said on Friday it would boycott the next general election unless the caretaker government and the election commission were made more independent. The next election is due in January 2007. The constitution says elections
Published 16 Jul, 2005 12:00am
Belgian rightist blames multiculturalism for terrorism

Belgian rightist blames multiculturalism for terrorism

Terrorism is fostered by multiculturalism, which allows Muslim fundamentalists to come to Europe and wreak havoc, a prominent far-right leader in Belgium said, drawing quick condemnation from the Belgian government.
Published 16 Jul, 2005 12:00am
Agonising wait for Harry Potter to end at midnight

Agonising wait for Harry Potter to end at midnight

A painful wait for millions of Harry Potter fans will end Saturday when the latest adventure in the boy wizard series goes on sale in a spectacular launch that looks set to break all publishing records.
Published 16 Jul, 2005 12:00am
UK-based Saudi opposition group mocks US move

UK-based Saudi opposition group mocks US move

The head of a British-based Saudi opposition group laughed off the US government freezing his organisation's assets, saying on Friday he had no assets and no links to al Qaeda.
Published 16 Jul, 2005 12:00am
Cargo ship sinks near Istanbul; captain missing

Cargo ship sinks near Istanbul; captain missing

A Panama-flagged dry cargo vessel sank in the Black Sea north of Istanbul on Friday, and the ship's captain was missing while the other nine crew members were rescued, maritime officials said. The 83-metre long ship, Corona Z, sank off the coast of the to
Published 16 Jul, 2005 12:00am
Top UN official urges Nepal to restore democracy

Top UN official urges Nepal to restore democracy

A top UN official called on Nepal's King Gyanendra on Friday to restore democracy quickly, his parting shot after a five-day visit to a nation he said was facing a very serious crisis. The comments by Lakhdar Brahimi came a day after Gyanendra appointed a
Published 16 Jul, 2005 12:00am
Serb paramilitaries sentenced for Muslim murders

Serb paramilitaries sentenced for Muslim murders

A Belgrade judge on Friday sentenced four Serb paramilitaries to prison terms for the murder of 16 Muslims during the 1992-95 Bosnia war, a retrial of one of the first major war crimes cases handled by local courts.
Published 16 Jul, 2005 12:00am
OSCE penalises Kyrgyzstan

OSCE penalises Kyrgyzstan

Europe's main democracy body, which endorsed Kyrgyzstan's July 10 presidential polls, has barred the country from voting within the organisation because of unpaid membership dues, a Kyrgyz official said on Friday.
Published 16 Jul, 2005 12:00am
Anti-Arroyo protesters storm ministry

Anti-Arroyo protesters storm ministry

A protest against Philippine President Gloria Macapagal Arroyo turned violent on Friday when 300 activists from farmers' groups stormed the compound of the agriculture department in Manila and called on her to resign.
Published 16 Jul, 2005 12:00am
Thai leader takes sweeping security powers

Thai leader takes sweeping security powers

Thai Prime Minister Thaksin Shinawatra took broad powers from the military Friday, centralising control of security forces after insurgents staged a dramatic overnight attack. At an emergency meeting called after Thursday's raid on Yala town in south, the
Published 16 Jul, 2005 12:00am
Muslims who kill innocents are infidels: UAE cleric

Muslims who kill innocents are infidels: UAE cleric

The United Arab Emirates' top Muslim preacher on Friday denounced as "infidels" Muslims who carry out attacks that kill innocent people as in last week's London blasts. The official Friday sermon, aired on state television, said Islam did not sanctify kil
Published 16 Jul, 2005 12:00am
Indian government rejects Waqf Board's claim to Taj Mahal

Indian government rejects Waqf Board's claim to Taj Mahal

The Indian government Friday rejected a Muslim body's claim to ownership of the Taj Mahal monument which sparked angry reactions among Hindus. Law Minister Hansraj Bhardwaj said there was no need for the Sunni Waqf Board to take charge of the world-famous
Published 16 Jul, 2005 12:00am
Fragments of Biblical manuscript uncovered

Fragments of Biblical manuscript uncovered

Fragments of a Biblical manuscript dating back to the last Jewish revolt against Roman rule in 135 AD Judaea, have been uncovered near the Dead Sea in what academics hailed Friday as a sensational discovery. After four decades with a dearth of new finds,
Published 16 Jul, 2005 12:00am
UK could have bombed own capital, says Iranian cleric

UK could have bombed own capital, says Iranian cleric

A leading Iranian cleric said on Friday the British government could have orchestrated last week's bombings in London to stir up flagging enthusiasm for British military involvement in Iraq and Afghanistan.
Published 16 Jul, 2005 12:00am
Hindu activists rage against Salman Khan

Hindu activists rage against Salman Khan

Hard-line Hindu activists broke the windows of a cinema, burned posters and shouted "traitor" in protests on Friday against a leading actor who Indian media said had boasted of links with the underworld.
Published 16 Jul, 2005 12:00am
Chinese general warns US over Taiwan

Chinese general warns US over Taiwan

A Chinese general has warned that China was ready to use nuclear weapons against the United States if Washington attacked his country over Taiwan, the Financial Times reported on Friday. Zhu Chenghu, a major general in the People's Liberation Army who sai
Published 16 Jul, 2005 12:00am
Five Hamas gunmen killed by air strikes

Five Hamas gunmen killed by air strikes

Israel killed five Hamas gunmen in air strikes on Friday in retaliation for a deadly Palestinian rocket barrage, resuming its assassination policy against militants as a five-month-old truce appeared to be unravelling.
Published 16 Jul, 2005 12:00am
Indian rupee slightly higher

Indian rupee slightly higher

The rupee inched to a slightly higher close on Friday, taking advantage of a dollar pause before a raft of economic data. The rupee ended at 43.5175/5225 per dollar at 1130 GMT, a shade stronger than Thursday's finish at 43.5300/5350, and gained just 0.2
Published 16 Jul, 2005 12:00am
Sterling falls versus dollar

Sterling falls versus dollar

Sterling dipped against the dollar on Friday after the release of generally dollar-friendly US data but the pound rose versus the euro, stepping away from 3-1/2 month lows hit this week. Stronger-than-expected US June industrial output and lower-than-expe
Published 16 Jul, 2005 12:00am
Dollar steadies against euro

Dollar steadies against euro

The dollar held within recent ranges against the euro on Friday as markets waited for a slew of US economic data on manufacturing and producer prices, while talk China may soon revalue its currency boosted the yen.
Published 16 Jul, 2005 12:00am
Corporate bonds stay at tight spread levels

Corporate bonds stay at tight spread levels

European corporate bonds held at tight spread levels in thin trade on Friday, although profit-taking meant some telecoms bonds pared recent gains. The FTSE Euro Corporate Bond Index showed investment-grade corporate bonds in euros yielding an average 36.2
Published 16 Jul, 2005 12:00am
Corporate bonds stay at tight spread levels

Corporate bonds stay at tight spread levels

European corporate bonds held at tight spread levels in thin trade on Friday, although profit-taking meant some telecoms bonds pared recent gains. The FTSE Euro Corporate Bond Index showed investment-grade corporate bonds in euros yielding an average 36.2
Published 16 Jul, 2005 12:00am
Indian shares rise

Indian shares rise

Indian shares rose more than 1 percent on Friday, erasing the previous day's losses with help from software firms and refiners. Federal bonds also gained, encouraged by softer oil prices and lower-than-expected inflation. The 30-share BSE index rose 1.17
Published 16 Jul, 2005 12:00am
US Stocks: Friday's unofficial close

US Stocks: Friday's unofficial close

US stocks dipped on Friday after General Electric Co's forecast that third-quarter earnings may not meet Wall Street's expectations overshadowed gains from McDonald's better-than expected preliminary profit.
Published 16 Jul, 2005 12:00am
Britain's top share index closes lower

Britain's top share index closes lower

Leading UK shares closed lower on Friday, cooling off after a run which swept them to 39-month highs on Thursday, with oil shares leading the way down as crude held near lower levels, although fuel-hungry British Airways gained. Oil majors fell after the
Published 16 Jul, 2005 12:00am
Hewitt fights back to give Aussies 1-0 lead

Hewitt fights back to give Aussies 1-0 lead

Lleyton Hewitt won a feisty four-set dog-fight with Guillermo Coria to give Australia a hard-earned opening singles win over Argentina in the Davis Cup World Group tennis quarter-final here on Friday.
Published 16 Jul, 2005 12:00am
BRIDGE NOTES: Candyland wins Karachi Gymkhana summer festival

BRIDGE NOTES: Candyland wins Karachi Gymkhana summer festival

Karachi Gymkhana Summer Festival Bridge Tournament held last month was one of the major duplicate bridge contests in the city of Karachi which attracted participation of 20 leading teams. One team among them came from Hyderabad.
Published 16 Jul, 2005 12:00am
SPORTS WORLD: Karachi Test issue: PCB cat out of bag

SPORTS WORLD: Karachi Test issue: PCB cat out of bag

Karachi, the only big cricket centre in the province of Sindh, has always been the victim of step-motherly treatment by the game's controlling authority, headquartered at Qaddafi Stadium in Lahore, on one pretext or the other.
Published 16 Jul, 2005 12:00am
SPORTS WORLD: Hockey debacle for juniors

SPORTS WORLD: Hockey debacle for juniors

The South Americans are masters of football, amalgamating speed and skill at the international level of competitions. The Argentinians were runners-up to Brazil in the recent confederation Cup at Frankfurt.
Published 16 Jul, 2005 12:00am
LHORE CULTURAL DIARY: Tributes paid to Quaid's sister

LHORE CULTURAL DIARY: Tributes paid to Quaid's sister

Observance of death anniversary of Miss Fatima Jinnah was one of the major events in Lahore in the otherwise more or less dry week. Fewer cultural events in the city during the week took place than sponsored in the previous reporting period.
Published 16 Jul, 2005 12:00am
Unemployment and crime on increase

Unemployment and crime on increase

It's peace that attracts foreign investment and enhances Pakistan's image on the globe. Now-a-days, incidents of crime have increased in the city, causing uncertainty among the Karachiites. According to reports, several robbers were found engaged in snatc
Published 16 Jul, 2005 12:00am
Remembering Ustad Umeed Ali Khan

Remembering Ustad Umeed Ali Khan

From late 1930s to the middle of 1970s, Ustad Umeed Ali Khan ranked high in the hierarchy of classical vocalists of the sub-continent. He was known for his passion and ability for promoting and popularising the Gwalior gharana style of kheyal singing.
Published 16 Jul, 2005 12:00am
CAPITAL CULTURAL SCENE: Contemporary Japanese architecture on display

CAPITAL CULTURAL SCENE: Contemporary Japanese architecture on display

It's not raining but pouring in the Capital. The regular outbursts of rain are accompanied by endless power breakdowns, puddles of water everywhere, all clothing feeling damp and not to mention the millions of moths hovering near the lights. After this do
Published 16 Jul, 2005 12:00am
VVIPs' visits bring miseries to Karachiites

VVIPs' visits bring miseries to Karachiites

The vehicular traffic on the roads of Karachi continues to be a source of inconvenience for the people during peek hours and it gets worst if a VVIP is in the city. The problem is not new and the apathy of those who are supposed to correct this situation
Published 16 Jul, 2005 12:00am
Children's rights on parents

Children's rights on parents

Social commandments begin with the birth of a child; hence we begin with the Prophet's (SAW) sayings regarding birth and the duties of parents to the new born child. Saying of Adhaan (in the ears of a new-born child). Abu Rafey (RA) relates that, "I saw
Published 16 Jul, 2005 12:00am
A move to remould BJP's image

A move to remould BJP's image

Much has been written and said about BJP President Lal Krishna Advani's "resignation episode". His statements about Quaid-e-Azam Mohammad Ali Jinnah during his recent visit to Pakistan, his subsequent resignation as party chief after a "very strong critic
Published 16 Jul, 2005 12:00am
CURRENT TOPICS: A rape creates an uproar

CURRENT TOPICS: A rape creates an uproar

Let us admit, this is a man's world and women have been discriminated against over the ages. Their only place of respect is as mothers. Being physically weaker they have remained subservient to the stronger male for protection and care. The unequal relati
Published 16 Jul, 2005 12:00am
Plight of fishermen's community

Plight of fishermen's community

The life of more than five million people dependent upon fisheries continues to be far away from the imagination of those who are responsible for the welfare of the poor of Pakistan. Each birth in this community is unsung and each death unwept. Those who
Published 16 Jul, 2005 12:00am
Brazil woos Russian coffee consumers

Brazil woos Russian coffee consumers

Brazil is trying to develop Russia's coffee market by persuading the country's consumers to switch from cheap instant coffee to quality brews, Brazil's coffee quality chief said. A group of large Russian roasters this week visited coffee farms in Brazil's
Published 16 Jul, 2005 12:00am
Drought-hit North Africa seen hunting for grains

Drought-hit North Africa seen hunting for grains

Drought is taking its toll on North Africa with top grain buyers Algeria and Morocco set for their biggest shortfall in five years, official and industry sources told Reuters.
Published 16 Jul, 2005 12:00am
Oil rises above $58, all eyes on hurricane

Oil rises above $58, all eyes on hurricane

Oil prices bounced back above $58 a barrel on Friday, recovering from deep losses during the previous session, as traders kept a nervous eye on the latest hurricane to threaten key US offshore facilities. US light sweet crude for August delivery ended up
Published 16 Jul, 2005 12:00am
EU orders farm subsidy claw back of $295 million

EU orders farm subsidy claw back of $295 million

European Union governments will have to return 244 million euros ($295 million) in misspent farm subsidies, with France, Greece, Italy and Britain singled out as the worst offenders, the EU executive said on Friday. France has to hand back more than 63 mi
Published 16 Jul, 2005 12:00am
New York cotton settles softer

New York cotton settles softer

Cotton futures settled softer Friday on modest speculative sales as the market may be trying to build a base while players monitor the movement of Hurricane Emily toward southern Texas, analysts said. The trade is worried that Emily will sweep into cotton
Published 16 Jul, 2005 12:00am
London sugar mixed

London sugar mixed

London white sugar futures closed fairly steady on Friday after a session that saw prices weighed by arbitrage sales on the last day of trade of the front month August contract, traders said. Spot Liffe August settled $3 higher at the day's peak of $317.0
Published 16 Jul, 2005 12:00am
Copper higher in ranges, aluminium steadies

Copper higher in ranges, aluminium steadies

Three months London Metal Exchange (LME) copper prices closed higher on Friday, but still in ranges. The market was supported by tight world supply but with little appetite to push higher, dealers said. "Copper has stayed within ranges. People were a litt
Published 16 Jul, 2005 12:00am
European gold dips to new six-week low

European gold dips to new six-week low

Gold dipped to a fresh six-week low in Europe on Friday as the euro's brief respite was curbed by an unexpectedly strong manufacturing report for New York that underscored economic strength in the world's biggest economy.
Published 16 Jul, 2005 12:00am
US MIDDAY: coffee down

US MIDDAY: coffee down

US arabica coffee futures prices closed in negative territory on Friday, with speculative selling erasing the previous session's gains of more than 3 percent, traders said. The New York Board of Trade's most-active September arabica contract finished down
Published 16 Jul, 2005 12:00am
US MIDDAY: cocoa futures wilt

US MIDDAY: cocoa futures wilt

US cocoa futures prices closed modestly weaker Friday, with a rising dollar putting slight pressure on the market in an otherwise uneventful trading session, traders said. The New York Board of Trade's most-active September cocoa contract settled at $1,40
Published 16 Jul, 2005 12:00am
US MIDDAY: sugar easier

US MIDDAY: sugar easier

Raw sugar futures settled marginally easier Friday on producer and speculative sales as most players waited for news that could inspire the market's next move into the following week, brokers said. The New York Board of Trade's October sugar contract decl
Published 16 Jul, 2005 12:00am
US MIDDAY: wheat moves up

US MIDDAY: wheat moves up

Wheat futures at the Chicago Board of Trade were higher early on Friday with the market getting its marching orders from strong gains in corn and soy, traders said. Corn and soy rallied again on Friday because of stress on the US Midwest crops caused by d
Published 16 Jul, 2005 12:00am
US MIDDAY: corn hits one-year high

US MIDDAY: corn hits one-year high

Corn futures at the Chicago Board of Trade reached a one-year high early on Friday on prospects that the US corn crop was shrinking, stressed by hot, dry weather as it pollinates, traders said. September corn was up 4 cents per bushel at $2.54-1/2 by 11:3
Published 16 Jul, 2005 12:00am
US MIDDAY: soyabeans stay strong

US MIDDAY: soyabeans stay strong

The Chicago Board of Trade soyabeans futures market was strong early Friday, lifted by US crop concerns as the eastern Midwest remains dry and amid outlooks for heat to move into the western belt, traders said. "All it's worried about is weather," said Ro
Published 16 Jul, 2005 12:00am
US MIDDAY: copper gains

US MIDDAY: copper gains

New York copper futures opened with modest gains on Friday as supply disruptions continued to support prices but a firmer US dollar against the euro and a seasonally slow demand period kept a lid on any advance, market sources said.
Published 16 Jul, 2005 12:00am
US MIDDAY: gold limps to new six-week low

US MIDDAY: gold limps to new six-week low

Gold in New York edged to fresh six-week lows in quiet trade early on Friday as follow-through long liquidation pressured prices after a sell-off driven by softer crude oil and a steady dollar. Silver and platinum also declined, but prices appeared steadi
Published 16 Jul, 2005 12:00am
Major General Khalid made new director general ANF

Major General Khalid made new director general ANF

Major General Syed Khalid Amir Jaffery has been posted as the new Director General, Anti-Narcotics Force under the Ministry of Narcotics Control on secondment basis. According to an official notification issued here on Friday, Major General Jafferi has be
Published 16 Jul, 2005 12:00am
Shura Hamdard opposes strategic assets sale to foreigners

Shura Hamdard opposes strategic assets sale to foreigners

Speakers at the meeting of Shura Hamdard (SH) Karachi chapter urged the government that ongoing process of privatisation should be transparent and above board and the national strategic nature assets be not given to foreigners.
Published 16 Jul, 2005 12:00am
MQM slates torching of its Lyari office

MQM slates torching of its Lyari office

Muttahida Qaumi Movement (MQM) lawmakers on Thursday strongly condemned torching of the MQM sector office at Lyari by unknown persons and termed it "conspiracy to sabotage peace of the city". In a joint statement issued here on Thursday evening, the MQM l
Published 16 Jul, 2005 12:00am
HBL special counters for Haj applications

HBL special counters for Haj applications

Habib Bank Limited will set up special counters at selected branches throughout the country to receive Haj applications-2006 with effect from July 20, 2005 under the government scheme, it was learnt on Friday.
Published 16 Jul, 2005 12:00am
Concern over non-payment of salaries

Concern over non-payment of salaries

The employees of Tehsil Municipal Administration (TMA) have expressed grave concern over non-payment of salaries, and strongly demanded of Punjab government to take immediate action before the election and direct local council officials to pay salaries im
Published 16 Jul, 2005 12:00am
Punjab procures 2.479 million tonnes wheat

Punjab procures 2.479 million tonnes wheat

The Punjab Food Department during the current wheat procurement campaign, which ended on June 30 last, purchased a total of 2.479 million tonnes wheat from growers across the province.
Published 16 Jul, 2005 12:00am
Capacity building of media to combat child labour

Capacity building of media to combat child labour

Ministry of Information and Broadcasting has started various programs to create mass awareness and enhancing capacity of media organisations concerning government's efforts against child labour. Pakistan Television Corporation (PTV) and Pakistan Broadcast
Published 16 Jul, 2005 12:00am
Over 0.5 million in Pakistan are heroin addicts: report

Over 0.5 million in Pakistan are heroin addicts: report

There are over 0.5million heroin addicts in Pakistan, out of which, 10 percent take the drug intravenously. A United Nation report said thousands of people were swelling the ranks of heroin addicts in Pakistan, threatening social dysfunction and the sprea
Published 16 Jul, 2005 12:00am
200,000 workers to be sent abroad: minister

200,000 workers to be sent abroad: minister

The Federal Minister for Labour, Manpower and Overseas Pakistanis, Ghulam Sarwar Khan, has said that Pakistan would export 200,000 manpower to Malaysia, Singapore, Korea, Qatar and Bahrain. He was addressing the first batch of Pakistani workers that was r
Published 16 Jul, 2005 12:00am
'Pakistan and China enjoy close cooperation in S&T'

'Pakistan and China enjoy close cooperation in S&T'

Pakistan and China enjoy very close co-operation in all fields of science and technology (S&T) and scientists of both the countries were equally engaged in agricultural research for enhanced productivity of food items. This was stated by M Ismail Qureshi,
Published 16 Jul, 2005 12:00am
Punjab market committees to be made more effective

Punjab market committees to be made more effective

Punjab Minister for Agri Marketing, Rana Qasim Noon, said 134 market committees working in the province would be made more active and efficient, as they play a vital role in ensuring daily provisions to the people. He was presiding over a department meeti
Published 16 Jul, 2005 12:00am
PPPP to field women candidates in local government polls

PPPP to field women candidates in local government polls

The Pakistan peoples Party Patriots (PPPP) has decided to field women candidates for the seats of councillors in 126 Union Councils (UCs) of the Multan City. As per decision, there would be two women contesting for Councillor seat in every UC in Multan. I
Published 16 Jul, 2005 12:00am
Palestinians fear more land loss after Gaza pullout

Palestinians fear more land loss after Gaza pullout

Mohammed Abdel-Karim, a Palestinian farmer in the West Bank, watches in trepidation as Israel sinks roots deeper into the occupied territory just as it is preparing to pull out of the Gaza Strip. Abdel-Karim, 70, lives in the village of Esla, adjacent to
Published 16 Jul, 2005 12:00am
Nadra clarification

Nadra clarification

This refers to the clarification of Nadra HQ, Media wing, Islamabad letter published in the Business Recorder of 10th July, 2005. Apart from the D.O.B. column, there are several other errors being committed by Nadra in issuance of NIC, even from co
Published 16 Jul, 2005 12:00am
Islamophobia

Islamophobia

London also became victim of the ill-conceived policy of George W. Bush and Tony Blair, who themselves have assumed the role of arbitrators of freedom and morality in the global context while having deficit of same in their actions and pronouncements.
Published 16 Jul, 2005 12:00am
Crude oil - its products and unjustified price rise

Crude oil - its products and unjustified price rise

The oil industry classifies "crude" by the location of its origin eg; Brent or West Texas Intermediate (WTI). Other factors include its relative weight or viscosity (light, intermediate or heavy). Refineries point of view is as to whether the crude is "sw
Published 16 Jul, 2005 12:00am
Pulling out the roots of terror

Pulling out the roots of terror

Western leaders in general have been in a state of denial as to the real cause behind the acts of terrorism Muslim extremists have carried out in New York, Madrid, Istanbul and now in London. A question repeatedly asked by Americans in the aftermath of th
Published 16 Jul, 2005 12:00am
The lesson to learn from World Bank evaluation report

The lesson to learn from World Bank evaluation report

The World Bank has recently completed an evaluation of its interventions in Pakistan over a ten-year period (1993-2003). Its conclusion is that Pakistan performed poorly in a number of areas, including poverty reduction, social sector performance, agricul
Published 16 Jul, 2005 12:00am
Emirates and UBL ink MoU

Emirates and UBL ink MoU

United Bank Pakistan (UBL) and Emirates Airlines have announced the launching of their strategic partnership aimed at providing additional benefits to UBL credit card-holders. The MoU was signed by UBL Group Executive Consumer and Commercial Banking M.A.M
Published 16 Jul, 2005 12:00am
AKU takes lead in treatment of macular degeneration

AKU takes lead in treatment of macular degeneration

Aga Khan University (AKU) has initiated a new step towards the treatment of age-related macular degeneration, a dangerous cause of irreversible vision impairment, by using a new-generation of drugs called angiogenesis inhibitors, says a press release here
Published 16 Jul, 2005 12:00am
Oxford launches book on language planning in education

Oxford launches book on language planning in education

The Oxford University Press has launched its latest publication, 'Language Planning in Higher Education: A Case Study of Pakistan', written by Dr Sabiha Mansoor, said a press release issued here, on Friday. The book is based on a case study of language pl
Published 16 Jul, 2005 12:00am
Fesco advice

Fesco advice

The Faisalabad Electric Supply Co (Fesco) has advised power consumers to adopt necessary measures to avoid electricity-related mishaps during the monsoon season. A spokesman of Fesco urged the people not to use metal wires for clothes drying and recommend
Published 16 Jul, 2005 12:00am
Aishwarya may arrive in September

Aishwarya may arrive in September

The Indian beauty queen and screen idol Aishwarya Rai is likely to visit Pakistan in September on an official invitation as part of the UN awareness drive to eradicate polio. "I have invited Aishwarya to visit Pakistan and contribute in eradicating this d
Published 16 Jul, 2005 12:00am
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