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Nov 26, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2005-07-21
Chinese yuan ends firmer

Chinese yuan ends firmer

The yuan on Wednesday ended one notch firmer at 8.2764 per US dollar, near the stronger end of its managed trading range. "The yuan stuck to its usual trading band today. Economic data had no impact on the exchange rate," a Shanghai trader said.
Published 21 Jul, 2005 12:00am
Indian rupee inches up

Indian rupee inches up

The Indian rupee rose on Wednesday bolstered by dollar supplies from foreign funds buying stocks, but traders were edgy ahead of Federal Reserve Chairman Alan Greenspan's testimony which could give clues on US rates. The rupee ended at 43.5150/5200 per do
Published 21 Jul, 2005 12:00am
Dollar scores 14-month high versus yen

Dollar scores 14-month high versus yen

The dollar hit a 14-month high against the yen on Wednesday on expectations that Federal Reserve Chairman Alan Greenspan will paint a rosy picture of the US economy later in the day. The euro also climbed a three-month peak versus the yen and jumped again
Published 21 Jul, 2005 12:00am
Dollar firms versus yen, Swiss franc; eyeing Greenspan

Dollar firms versus yen, Swiss franc; eyeing Greenspan

The dollar hovered near 14-month highs against the yen and Swiss franc late on Tuesday amid expectations that Federal Reserve Chairman Alan Greenspan will give an optimistic assessment of the US economy on Wednesday. His testimony to Congress should reinf
Published 21 Jul, 2005 12:00am
Bangladesh interbank forex, interest rates

Bangladesh interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Wednesday. 64.05/64.62 (previous 64.02/64.50). Call Money Rates: 4.0-15.5 percent (previous 4.0-15.5 percent).
Published 21 Jul, 2005 12:00am
Swiss franc firms, eyes on Greenspan

Swiss franc firms, eyes on Greenspan

The Swiss franc firmed against the dollar in early trade on Wednesday after hitting a 14-month low in the previous session on expectations that the Federal Reserve will paint a rosy picture of the US economy later on Wednesday.
Published 21 Jul, 2005 12:00am
Asian currencies lose ground as Greenspan seen boosting dollar

Asian currencies lose ground as Greenspan seen boosting dollar

Asian currencies fell on Wednesday as traders bid up the dollar in expectation Federal Reserve Chairman Alan Greenspan would give an upbeat assessment of the US economic outlook later in the day. The South Korean won fell as much as 0.4 percent to 1,044.2
Published 21 Jul, 2005 12:00am
How the Ashes got their name

How the Ashes got their name

Mention the word 'Ashes' to any cricket fan and they know instantly you are talking about a Test contest between England and Australia. But cricket's oldest rivals had been playing each other for five years before the idea of the Ashes was born.
Published 21 Jul, 2005 12:00am
Savoldelli wins Tour de France 17th stage

Savoldelli wins Tour de France 17th stage

Paolo Savoldelli of the Discovery Channel team won the Tour de France 17th stage held over 239.5km between Pau and here on Wednesday. His team-mate and race leader Lance Armstrong and all the main challengers for the yellow jersey still had to come over t
Published 21 Jul, 2005 12:00am
Roddick struggles to beat Tursunov

Roddick struggles to beat Tursunov

American top seed Andy Roddick barely scraped past Dmitri Tursunov, escaping with a 7-6 (8/6), 6-7 (7/9), 7-6 (7/5) victory on Tuesday at the 600,000 dollar ATP RCA Championships. Roddick reached the third round at the expense of the 119th-ranked Tursunov
Published 21 Jul, 2005 12:00am
Schnyder breezes into second round

Schnyder breezes into second round

Top seed Patty Schnyder cruised to a 6-3, 6-0 victory over wild card Caroline Wozniacki in the first round of the 170,000 dollars WTA Western and Southern Financial Group Women's Open on Tuesday.
Published 21 Jul, 2005 12:00am
Ashes aflame as England offer up Lord's prayer

Ashes aflame as England offer up Lord's prayer

The most eagerly awaited Ashes series of recent times finally gets under way at Lord's here on Thursday with both sides upbeat about their chances. And while the confidence of Australia, the world's number one Test team and Ashes winners for the past eigh
Published 21 Jul, 2005 12:00am
Alexandre gives Canada second diving world title

Alexandre gives Canada second diving world title

Alexandre Despatie claimed Canada's second diving gold of the 11th World Swimming Championships on Tuesday, the hometown hero thrilling a fiercely partisan crowd in the men's 3m springboard. American Troy Dumais was second, while China's vaunted divers co
Published 21 Jul, 2005 12:00am
Hitler sketches and cards sold at Montreal auction

Hitler sketches and cards sold at Montreal auction

Four sketches by Adolf Hitler and two Christmas cards signed by the Nazi dictator were sold to a single buyer for an undisclosed sum, an auctioneer said on Wednesday, at an auction in Canada that drew protests.
Published 21 Jul, 2005 12:00am
In Iowa town, uncertainty grows over Iraq war

In Iowa town, uncertainty grows over Iraq war

On the flag-lined streets of Boone, where nearly everyone has a friend or relative who served in the National Guard in Iraq, a sense of pride in the military now mingles with growing doubt and uncertainty about the war.
Published 21 Jul, 2005 12:00am
Prodi makes economy priority for Italy election

Prodi makes economy priority for Italy election

Romano Prodi, the leader of Italy's centre left opposition, said on Wednesday he would make the economy his "absolute priority" if he succeeds in ousting Prime Minister Silvio Berlusconi at elections next year.
Published 21 Jul, 2005 12:00am
Kenyan police battle protesters for second day

Kenyan police battle protesters for second day

Kenyan security forces battled stone-throwing protesters in Nairobi on Wednesday during a second day of demonstrations against moves to protect the president's powers in an overhaul of the nation's constitution.
Published 21 Jul, 2005 12:00am
Bush urges Senate to back Roberts

Bush urges Senate to back Roberts

President George W. Bush urged the Senate on Wednesday to be "fair and civil" to his first Supreme Court nominee, opening a campaign to head off a potential confirmation battle that could focus largely on John Roberts' views on abortion.
Published 21 Jul, 2005 12:00am
Asylum no way for terrorists to enter states: UN

Asylum no way for terrorists to enter states: UN

Concerns that terrorists are trying to enter countries posing as refugees are unfounded, the United Nations refugee chief said on Wednesday. UN High Commissioner for Refugees Antonio Guterres said checks made it impossible for terrorists to pose as asylum
Published 21 Jul, 2005 12:00am
Riots over fuel price hike claim 13 lives in Yemen

Riots over fuel price hike claim 13 lives in Yemen

At least 13 people were killed in clashes with police in Yemen on Wednesday after rioters smashed government offices and set fires in response to a sharp rise in fuel prices. The clashes were the heaviest death toll in Yemen protests since 1998 when 34 pe
Published 21 Jul, 2005 12:00am
Six Uzbek women jailed

Six Uzbek women jailed

An Uzbek court has jailed six women for religious extremism, a human rights activist said on Wednesday, adding that their confessions were obtained under pressure. Tashkent's city court handed out prison terms of five to eight years to the women on Tuesda
Published 21 Jul, 2005 12:00am
Indonesia confirms human deaths from bird flu

Indonesia confirms human deaths from bird flu

Indonesia confirmed on Wednesday its first human deaths from bird flu, saying tests had shown that a man and his two daughters who died this month were suffering from the disease. "It's confirmed. They died of the conventional bird flu virus which does no
Published 21 Jul, 2005 12:00am
Draft of Iraq constitution expected in days; 15 killed

Draft of Iraq constitution expected in days; 15 killed

Iraq said Wednesday its post-Saddam Hussein constitution would be ready within two weeks despite sustained rebel attacks that saw the killing of two Sunni members of the charter's drafting committee. Another 15 people lost their lives on Wednesday, includ
Published 21 Jul, 2005 12:00am
Four suspected Taleban killed

Four suspected Taleban killed

Four suspected Taleban militants were killed in southern Afghanistan early Wednesday when a bomb they were attempting to plant on a highway exploded, a provincial governor said. "Four Taleban who were trying to plant a remote-controlled bomb in the Langar
Published 21 Jul, 2005 12:00am
US warns of possible new attacks in Saudi Arabia

US warns of possible new attacks in Saudi Arabia

The US embassy in Riyadh warned in a statement on Wednesday that it had indications of possible new terrorist attacks in Saudi Arabia. "The American embassy in Riyadh advises all American citizens living in Saudi Arabia that it has received indications of
Published 21 Jul, 2005 12:00am
China could be long-term regional threat: US

China could be long-term regional threat: US

China's rapidly modernising military could pose a long-term threat to other regional armed forces but its ability to project conventional power beyond its borders remains limited, the Pentagon said on Tuesday. In its long-awaited annual report, the Pentag
Published 21 Jul, 2005 12:00am
Veteran Saudi envoy to Washington resigns

Veteran Saudi envoy to Washington resigns

Saudi Arabia's veteran envoy to Washington Prince Bandar bin Sultan, a former fighter pilot who built close ties to several US presidents, has resigned for personal reasons, the Saudi government said on Wednesday. Bandar was a central figure in efforts to
Published 21 Jul, 2005 12:00am
Russian bribes multiplied almost by 10 since 2001

Russian bribes multiplied almost by 10 since 2001

Russians report paying almost ten times as much in bribes now as they did in 2001, according to a study published Wednesday that casts doubt on President Vladimir Putin's claims to be tackling endemic corruption.
Published 21 Jul, 2005 12:00am
British intelligence units to track Muslims

British intelligence units to track Muslims

The British government is planning to set up special intelligence units to monitor Muslims nation-wide to better detect extremists and thwart eventual attacks, a newspaper reported Wednesday. The Muslim Contact Units, staffed by London's Metropolitan Poli
Published 21 Jul, 2005 12:00am
Sterling falls versus euro and dollar

Sterling falls versus euro and dollar

Sterling fell to four-month lows against the euro and close to 19-month lows against the dollar on Wednesday after Bank of England rate-setting minutes boosted expectations borrowing costs would fall as early as August. US Federal Reserve chief Alan Green
Published 21 Jul, 2005 12:00am
Dollar stays firm in London

Dollar stays firm in London

The dollar hit a 14-month high against the yen on Wednesday as expectations grew that Federal Reserve chief Alan Greenspan will signal steady increases in US interest rates in Congressional testimony later in the day. Sterling fell a full US cent at one s
Published 21 Jul, 2005 12:00am
Bonds: Investors shun GM, Ford rating cut

Bonds: Investors shun GM, Ford rating cut

General Motors saw renewed selling of its bonds in Europe on Wednesday as another quarter of disappointing results undermined investor confidence in the troubled US auto maker. Rival Ford, which posted a 19 percent drop in second quarter profits, was down
Published 21 Jul, 2005 12:00am
Bonds: Investors shun GM, Ford rating cut

Bonds: Investors shun GM, Ford rating cut

General Motors saw renewed selling of its bonds in Europe on Wednesday as another quarter of disappointing results undermined investor confidence in the troubled US auto maker. Rival Ford, which posted a 19 percent drop in second quarter profits, was down
Published 21 Jul, 2005 12:00am
Indian shares hold near peak

Indian shares hold near peak

Indian shares stayed in a holding pattern just off record highs on Wednesday as investors turned cautious ahead of this month's quarterly results from key firms. The bonds struggled to find direction ahead of next week's central bank monetary policy revie
Published 21 Jul, 2005 12:00am
US Stocks: Wednesday's unofficial close

US Stocks: Wednesday's unofficial close

US stocks fell slightly on Wednesday after Federal Reserve Chairman Alan Greenspan signalled more interest-rate rises and a mixed bag of earnings, but losses were capped by a drop of more than $1 in oil prices.
Published 21 Jul, 2005 12:00am
Seoul shares flat

Seoul shares flat

Seoul stocks ended nearly flat on Wednesday, as investors cashed in gains from a recent rally to 10-year highs, while tech firms such as Hynix Semiconductor fell tracking weaker US peers. But firms with strong business ties to China, such as steel maker P
Published 21 Jul, 2005 12:00am
Britain's top share index rises as GUS charges

Britain's top share index rises as GUS charges

Britain's top shares rose on Wednesday to halt a three-day losing run as retailer GUS was boosted by another set of bumper results from its Experian arm, but a restructured Royal Dutch Shell made a soggy arrival as Europe's second biggest firm.
Published 21 Jul, 2005 12:00am
Jamaica to import sugar, worst harvest in 60 years

Jamaica to import sugar, worst harvest in 60 years

Once a significant sugar producer, Jamaica will have to import sugar again after the 2004-05 cane harvest turned out to be its worst since World War Two, a sugar industry official said on Wednesday.
Published 21 Jul, 2005 12:00am
Indonesian cocoa industry only wants best beans

Indonesian cocoa industry only wants best beans

Indonesia's cocoa industry, the third largest in the world, wants the government to force planters to produce only high quality beans to make more inroads into world markets, a key industry official said on Wednesday.
Published 21 Jul, 2005 12:00am
Oil drops as stockpiles hold up against storms

Oil drops as stockpiles hold up against storms

Oil prices fell sharply on Wednesday after a US government report showed a smaller-than-expected decline in stockpiles last week as higher imports and slower refinery activity muted the effects of Hurricane Dennis.
Published 21 Jul, 2005 12:00am
French drought impact seen limited

French drought impact seen limited

The drought affecting mostly western France has not had a big impact on the country's overall agriculture sector, although it was still too early to tell for the maize crop, the government said on Wednesday. It said that despite a heatwave in June, rain i
Published 21 Jul, 2005 12:00am
New York cotton mostly firmer

New York cotton mostly firmer

Cotton futures ended mostly firmer Wednesday on speculative buying with most of the trade waiting for release of a government sales report on Thursday, analysts said. The New York Board of Trade's December cotton contract rose 0.10 cent to end at 49.89 ce
Published 21 Jul, 2005 12:00am
London sugar weaker

London sugar weaker

London white sugar futures closed down almost two percent on speculator and trade sales in moderate volumes on Wednesday, and dealers said the market felt vulnerable to further selling pressure. October settled down $5.40 or 1.89 percent at $279.60 per to
Published 21 Jul, 2005 12:00am
Copper ends above $3,400 on tight supply

Copper ends above $3,400 on tight supply

London Metal Exchange (LME) copper closed floor trading above $3,400 a tonne on Wednesday and within sight of last month's record high of $3,435 in a market dominated by tight supply, dealers said. Three months copper ended at $3,404, up $9 from Tuesday's
Published 21 Jul, 2005 12:00am
European gold down on firmer dollar

European gold down on firmer dollar

Gold prices gave back ground in late afternoon trading in Europe, buckling under a firmer dollar after comments by US Federal Reserve chief Alan Greenspan, traders said. Greenspan, in his semi-annual testimony to Congress, said the US growth outlook was s
Published 21 Jul, 2005 12:00am
US MIDDAY: coffee recovers on September contract

US MIDDAY: coffee recovers on September contract

US arabica coffee futures staged a modest recovery Wednesday, settling on positive ground after sliding some 11 percent the past three trading sessions. The New York Board of Trade's front-month September contract rose 1.90 cents, or about 2 percent, to f
Published 21 Jul, 2005 12:00am
US MIDDAY: cocoa extends losses on speculative sales

US MIDDAY: cocoa extends losses on speculative sales

US cocoa futures ended down Wednesday for the second day running, with speculative selling in the face of a rising dollar wiping out market gains seen at the start of the week, market sources said. The New York Board of Trade's benchmark September contrac
Published 21 Jul, 2005 12:00am
US MIDDAY: sugar modestly down on speculative sales

US MIDDAY: sugar modestly down on speculative sales

Raw sugar futures closed softer Wednesday on speculative sales, but market operators said they feel the sweetener should consolidate in the coming sessions, especially given its bullish outlook. The New York Board of Trade's October sugar contract lost 0.
Published 21 Jul, 2005 12:00am
US MIDDAY: wheat declines on technical fund selling

US MIDDAY: wheat declines on technical fund selling

Wheat futures on the Chicago Board of Trade were lower early on Wednesday on technical selling by commodity funds and spillover weakness from declines in corn and soybeans, traders said. As of 10:45 am CDT (1545 GMT), September wheat was down 7-1/2 cents
Published 21 Jul, 2005 12:00am
US MIDDAY: corn lower on technical fund selling

US MIDDAY: corn lower on technical fund selling

Corn futures at the Chicago Board of Trade were lower early on Wednesday on technical fund selling and on some rainfall in the Midwest crop region, traders said. Corn futures plunged nearly 5 percent on Tuesday on fund selling, and spillover pressure was
Published 21 Jul, 2005 12:00am
US MIDDAY: copper pulls off highs on benchmark contract

US MIDDAY: copper pulls off highs on benchmark contract

New York copper futures traded with small losses on Wednesday after rushing up to a record high in spot business and to a lifetime high on the benchmark contract, COMEX brokers said. They were hasty to add, however, that the incremental gains to successiv
Published 21 Jul, 2005 12:00am
US MIDDAY: soya futures plunge on technical fund selling

US MIDDAY: soya futures plunge on technical fund selling

Soyabean futures at the Chicago Board of Trade were lower early on Wednesday on technical fund selling and on some rainfall in the Midwest crop region, traders said. "There's some rain coming in. Then it's going to get hot for a few days but then there's
Published 21 Jul, 2005 12:00am
US MIDDAY: gold and silver pop higher on fund buying

US MIDDAY: gold and silver pop higher on fund buying

US gold futures jumped early Wednesday on trade and investment fund buying as the dollar and stocks fell in choppy trade as Federal Reserve chief Alan Greenspan began speaking before Congress, dealers said.
Published 21 Jul, 2005 12:00am
Sea view, walk in park help cut stress levels

Sea view, walk in park help cut stress levels

The sight of the sea is the quickest and most effective way to reduce high stress levels while for many people a walk in the park could be as refreshing, a survey has found. A poll of 2,000 adults by Hoegaarden found daily stress is a problem for 30 perce
Published 21 Jul, 2005 12:00am
Maqbool Sheikh granted pre-arrest bail

Maqbool Sheikh granted pre-arrest bail

Sindh High Court on Wednesday granted interim pre-arrest bail to Maqbool Ahmed Sheikh, brother of sacked provincial revenue minister Imtiaz Ahmed Sheikh, in two corruption cases. Maqbool Sheikh was named as co-accused along with his brother and revenue of
Published 21 Jul, 2005 12:00am
Comsats to set up tele-health centres

Comsats to set up tele-health centres

The government has decided to launch tele-health services to provide better health facilities to the masses through Information Technology.
Published 21 Jul, 2005 12:00am
Tobacco grower bodies demand restructuring of PTB

Tobacco grower bodies demand restructuring of PTB

Three growers associations of NWFP on Wednesday demanded restructuring of the Pakistan Tobacco Board (PTB) to give proper representation to the farmers, enabling it to resolve the problems of tobacco growers in the province.
Published 21 Jul, 2005 12:00am
Importance of Kalabagh dam highlighted

Importance of Kalabagh dam highlighted

Former Wapda chairman Shamsulmulk said on Wednesday that Kalabagh dam project is the most-studied scheme that has undergone 35 years of expert scrutiny taking into account all aspects. Speaking in a PTV programme he said the feasibility of the project had
Published 21 Jul, 2005 12:00am
CPNE and APNS condemn police action on press

CPNE and APNS condemn police action on press

The joint emergency meeting of Council for Newspapers Editors (CPNE) and All Pakistan Newspapers Society (APNS) strongly condemned the police action taken against editors, newsmen, hawkers and printing presses and termed it an attack on press freedom, the
Published 21 Jul, 2005 12:00am
40 countries explored joint ventures in Pakistan: Haqqie

40 countries explored joint ventures in Pakistan: Haqqie

Board of Investment (BoI) Chairman Waseem Haqqie has said 125 business delegations from 40 countries visited Pakistan during last 18 months to explore investment opportunities in different sectors. This show increasing confidence of foreign investors in t
Published 21 Jul, 2005 12:00am
PTA finalises plan to host APT general assembly

PTA finalises plan to host APT general assembly

The Pakistan Telecommunication Authority (PTA) has finalised initial plan to host nine-day general assembly and management committee meetings of Asia-Pacific Tele-community (APT) to be held in November this year.
Published 21 Jul, 2005 12:00am
Large number of nominations filed in Karachi for local bodies' polls

Large number of nominations filed in Karachi for local bodies' polls

A large number of intending candidates turned up to file the nomination papers for the first phase of Local Bodies (LB) elections in Karachi on Wednesday, last date for submission of nomination papers. A big crowd of aspirant candidates and their supporte
Published 21 Jul, 2005 12:00am
Journalists remanded in judicial custody

Journalists remanded in judicial custody

Two working journalists were remanded to judicial custody by two judicial magistrates here on Wednesday after they were charged of fanning religious hatred by publishing objectionable material.
Published 21 Jul, 2005 12:00am
Land grabbing

Land grabbing

Prime Minister Shaukat Aziz has said that land encroachment is illegal under the law and the government will set examples by getting its property vacated from the grabbers. What is land grabbing?
Published 21 Jul, 2005 12:00am
Tri-train collision

Tri-train collision

The unfortunate 'Tri-Trains Collision' at Sarhad Railway Station on 13th July 2005, around 0350 hours, and its breaking news at short intervals on the electronic media as well as telephonic communication from eye witnesses and victims who were travelling
Published 21 Jul, 2005 12:00am
Iraqi army still not reliable ally of US troops

Iraqi army still not reliable ally of US troops

For US soldiers in Iraq, the country's fledgling army is still too green to be a trustworthy ally in their joint fight against insurgents and terrorists. "Beware the enemy - and beware the IA," a US sergeant with Bravo Company, 256th Infantry Brigade of t
Published 21 Jul, 2005 12:00am
Counter-revolution and fun at pro-Putin youth summer camp

Counter-revolution and fun at pro-Putin youth summer camp

At first glance, the youngsters chopping firewood and gathering around campfires on the picturesque shores of Lake Seliger in western Russia might be taking part in a perfectly ordinary outdoors gathering. But, apart from an activities-packed programme, t
Published 21 Jul, 2005 12:00am
Significant features of child labour

Significant features of child labour

In the context of the International Labour Organisation's fight against child labour, new terms and idioms have developed to describe this practice now condemned all over the world, particularly in categorising its various forms. One of the most important
Published 21 Jul, 2005 12:00am
Boosting Sino-Pak trade and industrial co-operation

Boosting Sino-Pak trade and industrial co-operation

It is, indeed, heartening to learn from a news report, with Shanghai date line, as appearing on July 15, that Commerce Minister Humayun Akhtar Khan, who participated in the two-day informal WTO mini-ministerial meeting in Dalian (China), also availed of h
Published 21 Jul, 2005 12:00am
Rise in NSS rates

Rise in NSS rates

After nearly three weeks of delay the government on July 19, announced increase from 0.96 to 2.04 percent in rate of return on various instruments of National Saving Scheme (NSS). According to an official announcement, the rates on Saving Accounts, Specia
Published 21 Jul, 2005 12:00am
FDPT handles 29,613 export containers during last fiscal

FDPT handles 29,613 export containers during last fiscal

Faisalabad Dry Port Trust (FDPT) handled 29,613 export containers during 20O4-2005, said the Trust Chairman Shehzad Ali Siddiqi. He said this upcountry dry port also handled 5289 import containers during that period, while the quantity was comparatively l
Published 21 Jul, 2005 12:00am
Arshad elected IIA chief

Arshad elected IIA chief

Internal Audit of Pakistan Petroleum Limited's Manager Arshad Siddiqui was elected as President of the Institute of Internal Auditors (The IIA), Karachi, in its annual general meeting here. The IIA, established in 1941, is an international professional as
Published 21 Jul, 2005 12:00am
PWC demands relief package

PWC demands relief package

Pakistan Workers Confederation (PWC) has demanded of the government to announce a special relief package for working class, including people serving in private sector. According to a resolution passed in the meeting of PWC, held here at Labour Hall on Wed
Published 21 Jul, 2005 12:00am
Meeting on Sheikhupura dry port today

Meeting on Sheikhupura dry port today

An important meeting of the officials of Pakistan Railways, Sheikhupura Dry Port Trust and Containers Terminal and Lahore Customs will be held at Railways Headquarters on Thursday to discuss various issues.
Published 21 Jul, 2005 12:00am
Demonstration against raids on Madrassahs

Demonstration against raids on Madrassahs

Islami Jamiat-e-Talaba (IJT) on Wednesday held a demonstration outside the Lahore Press Club to protest against the raids on religious institutions in the country. The participants were carrying placard bearing the slogans such as ' America-the Internatio
Published 21 Jul, 2005 12:00am
Land-grabbing: overseas Pakistanis seek justice

Land-grabbing: overseas Pakistanis seek justice

The case of illegally occupying 45-kanal land by the son-in-law of former chief minister Punjab Manzoor Wattoo has not yet been solved, causing dismay and concern among the business circles in Lahore. The occupied land belongs to overseas Pakistanis, who
Published 21 Jul, 2005 12:00am
Canadian trade commissioner offers assistance to Pakistan

Canadian trade commissioner offers assistance to Pakistan

Canada Trade Commissioner in Lahore Asma Farooq called on Senior Vice President Canada-Pakistan Technology Business Forum Rehmatullah Javed here on Wednesday, and discussed with him matters of mutual interest to promote trade and investment between the tw
Published 21 Jul, 2005 12:00am
Rain and floods hit 300,000 acres cotton crop in Punjab

Rain and floods hit 300,000 acres cotton crop in Punjab

The recent monsoon rains and floods have affected around 300,000 acres of cotton crop in the entire cotton-sown areas in Punjab. According to information available to Business Recorder here on Wednesday, out of total affected cotton area, around 25
Published 21 Jul, 2005 12:00am
LCCI acting president

LCCI acting president

Khalid Rafique, a senior member of the Lahore Chamber of Commerce and Industry (LCCI) Executive Committee, would perform as LCCI Acting President in the absence of LCCI President Mian Misbahur Rehman.
Published 21 Jul, 2005 12:00am
EDB advice may hurt introduction of high-tech industry

EDB advice may hurt introduction of high-tech industry

The Engineering Development Board (EDB) advice to public sector organisations for giving preference to local manufacturers having maximum localisation may hurt the introduction of high tech industry in country. Pakistan Association of Automotive Parts and
Published 21 Jul, 2005 12:00am
Jamaat-i-Islami flays raids on Madrassahs and newspaper offices

Jamaat-i-Islami flays raids on Madrassahs and newspaper offices

The Amir of Jamaat-i-Islami, Sindh and leader of Muttahida Majlis-i-Ammal, Dr Mumtaz Ali Memon criticised the government's crackdown on religious seminaries and raids at various offices of newspapers and magazines in many cities across the country.
Published 21 Jul, 2005 12:00am
Azerbaijan Airlines starts Karachi flights

Azerbaijan Airlines starts Karachi flights

The Azerbaijan Airlines (AZAL) has started its flight operation on Karachi-Baku route with four flights per week and its first flight reached here on Tuesday. Speaking on the inaugural ceremony, Hasan Mammadzada, First Secretary at Azerbaijan Embassy, tha
Published 21 Jul, 2005 12:00am
'Housing fair to generate new investment opportunities'

'Housing fair to generate new investment opportunities'

President KCCI, Khalid Firoz on Wednesday said holding of International Housing Exhibition at Expo Center Karachi from July 29-31 will promote the cause of national construction industry and 70 associated allied industries.
Published 21 Jul, 2005 12:00am
Foundation stone of PSQCA Complex laid

Foundation stone of PSQCA Complex laid

Federal Minister for Science and Technology, Choudhry Naurez Shakoor Khan laid the foundation stone of Pakistan Standards and Quality Control Authority (PSQCA) Complex at Gulistan-e-Jauhar Karachi here on Wednesday.
Published 21 Jul, 2005 12:00am
Senior citizens react strongly against 'cruel joke'

Senior citizens react strongly against 'cruel joke'

Pensioners and senior citizens have strongly reacted to new rates of return on National Savings Schemes and, terming decision "a cruel joke" with them, have demanded review of the rates. Talking to Business Recorder on Wednesday at the National Sav
Published 21 Jul, 2005 12:00am
Pak-Afghan bus service hailed

Pak-Afghan bus service hailed

Sarhad Chamber of Commerce and Industry (SCCI) Executive Committee Member Zia-ul-Haq Sarhadi has welcomed the project of bus service between Peshawar-Jalalabad and Quetta-Kandhar. In a press release issued here on Wednesday, Sarhadi demanded amendment to
Published 21 Jul, 2005 12:00am
MMA to observe protest day on July 22

MMA to observe protest day on July 22

Condemning countrywide raids on seminaries, the Muttahida Majlis-i-Amal (MMA) on Wednesday announced to hold protest day on Friday. Senior MMA leader Senator Professor Ghafoor Ahmed filed an adjournment motion with the Senate Secretariat, seeking debate o
Published 21 Jul, 2005 12:00am
The Weather

The Weather

The weather report on Wednesday (July 20) and the forecast for Thursday (July 21, 2005).
Published 21 Jul, 2005 12:00am
'Country may be declared water short by 2010'

'Country may be declared water short by 2010'

Pakistan could be declared a water short country by 2O10, if sufficient reservoirs are not constructed, Federal P1anning Commission Chief Engineer Asjad Imtiaz Ali said. Per capita water availability in Pakistan has dramatically reduced from 5,600 cubic m
Published 21 Jul, 2005 12:00am
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