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Print - 2005-08-03
CNG green buses

CNG green buses

Since June 2205, the Karachi CNG Green Bus (Route UTS-19) and World-wide Express from Johar Chorangi to Tower, vise-versa via city routes have been stopped without any replacement, depriving the residents of the area transport facilities.
Published 03 Aug, 2005 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Tuesday (August 02, 2005).

Published 03 Aug, 2005 12:00am
Dandi union council polls rescheduled

Dandi union council polls rescheduled

The Election Commission on Tuesday said the election proceedings for the seats of Nazim and Naib Nazim in Dandi Union Council have been rescheduled due to the death of a contestant.
Published 03 Aug, 2005 12:00am
'CBR ready to further clarify withholding tax on cash withdrawals'

'CBR ready to further clarify withholding tax on cash withdrawals'

Central Board of Revenue (CBR) Chairman Abdullah Yusuf has said that CBR is ready to issue clarification to further streamline the collection procedure of 0.1 percent withholding tax on cash withdrawals of over Rs 25,000 keeping in view the recommendation
Published 03 Aug, 2005 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 03 Aug, 2005 12:00am
Mango exports to touch 0.14 million tons this year

Mango exports to touch 0.14 million tons this year

Pakistan's mango exports have been estimated at 140,000 tons this season, higher by about 25 percent of last year. The figure compiled by Pakistan Horticulture Development and Export Board (PHDEB) indicates that total exportable mango, by the end of July
Published 03 Aug, 2005 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 03 Aug, 2005 12:00am
Abrupt digging of roads mars traffic discipline

Abrupt digging of roads mars traffic discipline

Abrupt digging and scrapping of main roads in the city during the last week of July and beginning of August has completely destroyed the meager road traffic discipline and has made vehicular traffic a nuisance for Karachiites.
Published 03 Aug, 2005 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Tuesday (August 02, 2005).

Published 03 Aug, 2005 12:00am
Provincial minister escapes attack

Provincial minister escapes attack

Political workers of Jamaat-i-Islami opened fire on provincial Tourism Minister Mian Aslam Iqbal here in Samanabad on Tuesday, as a result of which a passer-by Adeel received bullet injuries. According to police official, although Mian Aslam Iqbal did not
Published 03 Aug, 2005 12:00am
Islamic banking experts meet Prime Minister, SBP governor

Islamic banking experts meet Prime Minister, SBP governor

A delegation of Islamic banking specialists from around the world recently arrived to meet with Prime Minister Shaukat Aziz and State Bank of Pakistan Governor Dr Ishrat Husain separately to brainstorm on ideas to structure a global leading Islamic bank b
Published 03 Aug, 2005 12:00am
IMC commends government's commitment to auto industry

IMC commends government's commitment to auto industry

Chairman Indus Motor Company (IMC), Ali S Habib has commended the government's reaffirmation of its commitment to support the growth of local auto industry. He was commenting on the joint press conference by Minister for Industries & Production, Jahangir
Published 03 Aug, 2005 12:00am
Maharoof sets up Sri Lanka victory

Maharoof sets up Sri Lanka victory

Fast bowler Farveez Maharoof snapped up three wickets for nine runs to set up Sri Lanka's 50-run victory over West Indies in the third match of the triangular series on Tuesday. Maharoof removed both openers before West Indies, replying to Sri Lanka's 241
Published 03 Aug, 2005 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on Tuesday (August 02, 2005).

Published 03 Aug, 2005 12:00am
Musharraf conveys condolences to King Abdullah

Musharraf conveys condolences to King Abdullah

President General Pervez Musharraf, who attended the funeral of Khadim Al-Harmain Al-Sharifain King Fahd bin Abdul Aziz, conveyed the Pakistani nation's deep condolences over the loss to his successor King Abdullah bin Abdul Aziz.
Published 03 Aug, 2005 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on Tuesday (August 02, 2005).

Published 03 Aug, 2005 12:00am
$252,788 Japanese grant for health and education

$252,788 Japanese grant for health and education

The Government of Japan has provided a grant of $252,788 to three non-profit organisations for health and education sector projects under the Grant Assistance for Grassroots Human Security Projects (GGP) Scheme.
Published 03 Aug, 2005 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on Tuesday (August 02, 2005).

Published 03 Aug, 2005 12:00am
Shaukat bars VIPs from moving in convoys

Shaukat bars VIPs from moving in convoys

Prime Minister Shaukat Aziz has barred very important personalities (VIPs) and other dignitaries from moving in convoys which, he believes, create inconvenience to the general public, reliable sources in the federal cabinet told Business Recorder.
Published 03 Aug, 2005 12:00am
Shujaat asked to make government-Nawaz 'deal' public within 10 days

Shujaat asked to make government-Nawaz 'deal' public within 10 days

The Pakistan Muslim league-Nawaz (PML-N) on Tuesday challenged Chaudhry Shujaat Hussain's contention about the 'deal' between government and the Sharif family and asked him to make the document public within 10 days. PML-N information secretary Siddiqul F
Published 03 Aug, 2005 12:00am
ICCI seeks representation in regulatory bodies

ICCI seeks representation in regulatory bodies

Islamabad Chamber of Commerce and Industry (ICCI) president Tariq Sadiq has demanded of the government to include representatives of the business community in the public regulatory authorities.
Published 03 Aug, 2005 12:00am
Project to integrate IT resources will be launched

Project to integrate IT resources will be launched

The Pakistan Software Export Board (PSEB) will launch "Automation of Domestic Manufacturing Industry (Bridge 2005)". "The project is aimed at integrating available local IT resources. The ministry of information technology will join hands with the PSEB fo
Published 03 Aug, 2005 12:00am
THE RUPEE: currency rates mostly inert

THE RUPEE: currency rates mostly inert

The rupee on Tuesday retained its firmness in the open market versus the dollar for buying and selling at 59.63 and 59.65, dealers said.
Published 03 Aug, 2005 12:00am
R&D rebate payment on garment exports started

R&D rebate payment on garment exports started

The State Bank of Pakistan (SBP) has started payment of Research and Development (R&D) rebate equal to 6 percent of the fob value of garment exports to European markets. The Garment City Director, Aziz Memon, who is also a leading garment exporter, said o
Published 03 Aug, 2005 12:00am
THE RUPEE: currency rates mostly inert

THE RUPEE: currency rates mostly inert

The rupee on Tuesday retained its firmness in the open market versus the dollar for buying and selling at 59.63 and 59.65, dealers said.
Published 03 Aug, 2005 12:00am
US cooperation with Pakistan and Afghanistan to continue

US cooperation with Pakistan and Afghanistan to continue

The acting spokesman of the State Department on Monday said the United States has "an ongoing co-operation" with the governments of Pakistan and Afghanistan" in terms of being able to deal with the remnants of the Taleban that are still out there." "We de
Published 03 Aug, 2005 12:00am
Three kidnapped Parco guards released after 46 days

Three kidnapped Parco guards released after 46 days

Three security guards of Pak Arab Refinery Company (Parco) and a councillor, who were kidnapped on June 23rd during patrolling along the oil pipeline, were released on Monday after negotiation with a team, headed by Sardar Jamal Khan Leghari, former distr
Published 03 Aug, 2005 12:00am
Army troops leave for Burundi

Army troops leave for Burundi

A batch of 140 troops of Pakistan Army left here by specially chartered aircraft on UN peace keeping mission in Burundi. According to an ISPR press release, total strength of Pak contingent will comprise more than 1,000 troops mainly a composite force of
Published 03 Aug, 2005 12:00am
Searle Pakistan Limited - Nine Months Ended March 31 2005

Searle Pakistan Limited - Nine Months Ended March 31 2005

The company was incorporated as a private limited company in October 1965. In November 1993, the company was converted into a public limited company. Its shares are quoted on Karachi and Islamabad stock exchanges.
Published 03 Aug, 2005 12:00am
Plan for foreign students' expulsion flayed

Plan for foreign students' expulsion flayed

The Naib Amir of Jamaat-i-Islami, Senator Professor Ghafoor Ahmed, has flayed the government's decision of expelling foreign students from the Madressahs of the country. He feared that as a reaction, Pakistani students studying abroad might face also expu
Published 03 Aug, 2005 12:00am
Searle Pakistan Limited - Nine Months Ended March 31 2005

Searle Pakistan Limited - Nine Months Ended March 31 2005

The company was incorporated as a private limited company in October 1965. In November 1993, the company was converted into a public limited company. Its shares are quoted on Karachi and Islamabad stock exchanges.
Published 03 Aug, 2005 12:00am
US report lauds success of Pakistan's economic reforms

US report lauds success of Pakistan's economic reforms

A US Congressional Research Service (CRS) report says Pakistan's macroeconomic reforms under President General Pervez Musharraf have achieved notable successes. The report, as updated on July 26 this year, referred to a September 2004 country brief of the
Published 03 Aug, 2005 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (August 02, 2005).

Published 03 Aug, 2005 12:00am
Motion filed in National Assembly on denial of transit visa to Fazl

Motion filed in National Assembly on denial of transit visa to Fazl

On behalf of Leader of the Opposition and the Muttahida Majlis-i-Amal (MMA) Secretary General Maulana Fazlur Rehman, a privilege motion was filed with the National Assembly on Tuesday. Bearing signatures of Maulana Fazl, Liaquat Baloch and Hafiz Hussain A
Published 03 Aug, 2005 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (August 02, 2005).

Published 03 Aug, 2005 12:00am
Korean Red Cross team visits PRCS

Korean Red Cross team visits PRCS

A two-member North Korean Red Cross delegation on Tuesday visited Pakistan Red Crescent Society (PRCS). The delegation includes Deputy Secretary General Ri. Ho Rim and Health and Social Officer Ju Su Yong. The delegation met high ups of Pakistan Red Cresc
Published 03 Aug, 2005 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Tuesday (August 02, 2005) and Wednesday (August 03, 2005).
Published 03 Aug, 2005 12:00am
Four more Public Safety Commission members to retire in October

Four more Public Safety Commission members to retire in October

Four more members of the Public Safety Commission (PSO) would retire in the coming October, said its chairman Sahabzada Muhammad Ibrahim on Tuesday. He told newsmen that four members of the commission who were nazims of the union councils retired in June
Published 03 Aug, 2005 12:00am
Obituary

Obituary

Shafaat Malik, elder brother of Professor Malik Hussain Mubbashar, vice-chancellor, University of Health Sciences (UHS), Lahore, died here on Monday due to liver failure. Chairman Board of Governors UHS, Professor Mahmood Ahmad Chaudhry and staff members
Published 03 Aug, 2005 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (August 02, 2005).

Published 03 Aug, 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 03 Aug, 2005 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (August 02, 2005).

Published 03 Aug, 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 03 Aug, 2005 12:00am
Key stock market movements at 1700 GMT on August 02

Key stock market movements at 1700 GMT on August 02

The following table shows the close of key indices on major world stock exchanges and the London closing values of the euro, the Japanese yen, the British pound and gold bullion.
Published 03 Aug, 2005 12:00am
'Human rights violations assume alarming proportions'

'Human rights violations assume alarming proportions'

Human rights violations, especially against women, have assumed an alarming proportions and the government seems to be unconcerned or powerless to curb it. This was the concern voiced by Iqbal Haider, general secretary, Human Rights Commission of Pakistan
Published 03 Aug, 2005 12:00am
The Weather

The Weather

The weather report on Tuesday (August 02) and the forecast for Wednesday (August 03, 2005).
Published 03 Aug, 2005 12:00am
Call for abolishing section 10 of Sales Tax Act

Call for abolishing section 10 of Sales Tax Act

Pakistan Steel Re-Rolling Mills Association Chairman, Hafiz Mohammad Akhtar, has urged the government to abolish section 10 of the Sales Tax Act and revive the old carry forward policy (CFP).
Published 03 Aug, 2005 12:00am
Call for abolishing section 10 of Sales Tax Act

Call for abolishing section 10 of Sales Tax Act

Pakistan Steel Re-Rolling Mills Association Chairman, Hafiz Mohammad Akhtar, has urged the government to abolish section 10 of the Sales Tax Act and revive the old carry forward policy (CFP).
Published 03 Aug, 2005 12:00am
PIA inaugural flight to Nairobi on September 1

PIA inaugural flight to Nairobi on September 1

Syed Zahid Hussain, Pakistan's High Commissioner to Nairobi, called on Tariq Kirmani, Managing Director PIA and discussed with him matters relating to the national airline's flights to Nairobi, which could subsequently be extended to Johannesburg.
Published 03 Aug, 2005 12:00am
Air Blue fleet to have 10 new planes soon

Air Blue fleet to have 10 new planes soon

Air Blue, which has established itself as one of the fastest growing airlines in the private sector, will add 10 new aircraft to its fleet shortly.
Published 03 Aug, 2005 12:00am
FPCCI panel to take up sales tax issue

FPCCI panel to take up sales tax issue

Chairman, FPCCI standing committee on sales tax, Sheikh Shakil Ahmed Dhinghra, has called a meeting of the committee here on Friday at Federation House, the headquarters of Federation of Pakistan Chambers of Commerce and Industry.
Published 03 Aug, 2005 12:00am
PHEDB's bad planning hits mango exports to China and Iran

PHEDB's bad planning hits mango exports to China and Iran

Fruit exporters failed to grasp the lucrative opportunity for export of mangoes to China and Iran during this season, for which the government signed memorandum of understanding (MoUs), due to the bad planning of the Pakistan Horticultural Export Developm
Published 03 Aug, 2005 12:00am
ICMAP conference on privatisation

ICMAP conference on privatisation

The Karachi Branch Council of Institute of Cost and Management Accountants of Pakistan (ICMAP) is organising a daylong National Privatisation Conference on August 6. Federal Minister for Privatisation and Investment Dr Abdul Hafeez Shaikh would inaugurate
Published 03 Aug, 2005 12:00am
Abidi's biography published

Abidi's biography published

The Pakistan Study Centre, University of Karachi, has published the memoirs of senior journalist Hasan Abidi. A spokesman of the University announced this in a statement on Tuesday. It said that these pertain to the last five decades of Pakistani journali
Published 03 Aug, 2005 12:00am
Water flow at Sukkur and Gudu Barrages receding

Water flow at Sukkur and Gudu Barrages receding

River Indus water was fast receding at both Sukkur and Gudu Barrages, and during the last 24 hours level at Sukkur and Gudu Barrages came down by 15,000 and 24.000 cusecs respectively. According to a spokesman of Irrigation Department here on Tuesday, the
Published 03 Aug, 2005 12:00am
UNDP asked to supply relief items in 16 districts

UNDP asked to supply relief items in 16 districts

The Relief Department, Punjab, on Tuesday requested the UNDP to provide relief items for flood victims of the 16 districts of the Punjab province. Director General, Relief Punjab, Muhammad Irfan Elahi told newsmen here that UNDP has been requested to prov
Published 03 Aug, 2005 12:00am
Suparco to help Sindh government in environment fields

Suparco to help Sindh government in environment fields

Sindh Environment and Alternative Energy Department signed here on Tuesday a Memorandum of Understanding (MoU) with Pakistan Space and Upper Atmosphere Research Commission (Suparco) to collaborate in the field of environment.
Published 03 Aug, 2005 12:00am
Infected betel nuts glut markets

Infected betel nuts glut markets

The government, pan-lovers and kids were once again on the losing side as low quality and infected betel nuts have arrived in the local markets in connivance with some officials and importers. Sources close to the betel market said several thousand tons o
Published 03 Aug, 2005 12:00am
Sialkot district in grip of local bodies' election fever

Sialkot district in grip of local bodies' election fever

Sialkot district is in the grip of LB election fever with contestants wooing the electorate by meetings them personally and house-to-house canvassing. Although the local bodies' elections are scheduled to be held on August 18th yet the poll activities are
Published 03 Aug, 2005 12:00am
'No permission to use mosques, madressahs as political platform'

'No permission to use mosques, madressahs as political platform'

Sindh Governor Dr Ishratul Ibad Khan Tuesday said the government would not allow mosques and Madressahs being used as political platforms. Talking to newsmen after unveiling plaque of Garden Road-Manghopir Corridor via Kandawala Building to Bara Board pro
Published 03 Aug, 2005 12:00am
Position holder students receive cash prizes

Position holder students receive cash prizes

Punjab University vice-chancellor Arshad Mahmood distributed cash prizes among the position holders of Matriculation exams 2005 of University Laboratory High School for Boys here on Tuesday.
Published 03 Aug, 2005 12:00am
'Pakistan attractive for UK investors, businessmen'

'Pakistan attractive for UK investors, businessmen'

The Deputy High Commissioner and Director Trade of British High Commission, Hamish Danial, has said that Pakistan has a lot of attraction for investors and business community of UK since there is very low-cost involved comparatively in launching and runni
Published 03 Aug, 2005 12:00am
Security loopholes in West alarming: Faisal

Security loopholes in West alarming: Faisal

Minister for Kashmir Affairs and Northern Areas Makhdoom Syed Faisal Saleh Hayat has said loopholes in the security system of western countries had sent waves of discomfort throughout the world. Speaking at a luncheon hosted by Farooq Kathwari, a leading
Published 03 Aug, 2005 12:00am
Parliamentarians asked to play role in resolving disputes with India

Parliamentarians asked to play role in resolving disputes with India

National Assembly Speaker Chaudhry Amir Hussain on Tuesday called upon parliamentarians to play their role in resolving the longstanding disputes between India and Pakistan. He was talking to High Commissioner of India to Pakistan Shivshankar Menon, who c
Published 03 Aug, 2005 12:00am
UAE army team meets General Ehsan

UAE army team meets General Ehsan

A fourteen member delegation of UAE armed forces being headed by Chief of Staff Lieutenant General, Hamad Mohammad Thani Al Rumaithy, currently on an official visit to Pakistan, met Chairman Joint Chiefs of Staff Committee, General Ehsan-ul-Haq here at Jo
Published 03 Aug, 2005 12:00am
NAB recovers Rs 7.023 billion through plea bargain

NAB recovers Rs 7.023 billion through plea bargain

The National Accountability Bureau (NAB) has recovered Rs 7.023 billion of corruption money through plea bargain by July 1, 2005 and pleaded to rid the country of corruption. Speaking at a press conference here on Tuesday, NAB spokesman Brigadier Nasir sa
Published 03 Aug, 2005 12:00am
CDA considering 'Satellite Town' to overcome housing problem

CDA considering 'Satellite Town' to overcome housing problem

The Capital Development Authority (CDA) is considering the idea of "Satellite Town" and other most-developed settlements in Islamabad to overcome much-talked about housing problem, sources told Business Recorder here on Tuesday. The Mott Macdonald
Published 03 Aug, 2005 12:00am
PPP expresses 'no confidence' in Election Commission

PPP expresses 'no confidence' in Election Commission

The central leadership of the Pakistan Peoples Party (PPP) has expressed "no confidence" in the Pakistan Election Commission for holding free and transparent local bodies' elections. The PPP leaders demanded that the local bodies' polls should be held und
Published 03 Aug, 2005 12:00am
Punjab district governments utilised 53 percent of education funds

Punjab district governments utilised 53 percent of education funds

Despite great media "hype of literate Punjab" district governments in the province utilised only 53 per cent of allocated funds last year. Official sources said rupees 20.477 billion were spent on elementary education during 2004-05 from total allocation
Published 03 Aug, 2005 12:00am
Smuggling menace may not be checked if Bara markets exist

Smuggling menace may not be checked if Bara markets exist

The Central Board of Revenue (CBR) will not be able to control the menace of smuggling till the 'Bara' markets in NWFP and Balochistan, which are primary source of supply of smuggled goods in Punjab and Sindh, are effectively controlled through anti-smugg
Published 03 Aug, 2005 12:00am
Gandhara Safari timings changed

Gandhara Safari timings changed

Pakistan Railways has changed the timings of Gandhara Steam Safari, running between Rawalpindi and Golrra Railway Station on Sundays. The Gandhara Steam Safari was launched by Pakistan Railways to provide healthy entertainment to inhabitants of the twin c
Published 03 Aug, 2005 12:00am
Gastroenteritis claims four more lives in Dera Ghazi Khan

Gastroenteritis claims four more lives in Dera Ghazi Khan

Another four persons, including three women, Shamim Mai, Mrs Ata Muhammad and Mrs Asghar Sabzani and a minor child Dilshad (6) died of gastro-enteritis on Saturday night in a suburb of Dera Ghazi Khan. More than 300 residents of the area staged a demonstr
Published 03 Aug, 2005 12:00am
Lack of competence

Lack of competence

The corporate earnings generally are showing a healthy 20 percent rise with banking sector and oil and gas companies outshining the rest in FY 06. However, these stellar performances are not reflected in the stock market movement which remains confined in
Published 03 Aug, 2005 12:00am
Death of a legendary King

Death of a legendary King

The passing away of the custodian of the two Holy Mosques, Saudi monarch, King Fahd bin Abdul Aziz, has not only deprived the Kingdom of Saudi Arabia of one of its great motivated rulers, who guided the desert country in its blossoming into an envious ris
Published 03 Aug, 2005 12:00am
Sale tax on advances

Sale tax on advances

Accepting advances from customers is a normal and the most common feature of various types of business enterprises. This activity is also addressed in the Sales Tax Act, 1990 (the Act) under subsection 44 of section 2 of the Act read without provisos as f
Published 03 Aug, 2005 12:00am
Depression and suicide as Indian teenagers dread 'killer exams'

Depression and suicide as Indian teenagers dread 'killer exams'

Swati, 18, was a brilliant pupil but still she feared she had failed her school-leaving exams. She hanged herself hours before the results were released. She had in fact passed. Aruna, 17, killed herself by drinking pesticide after learning she had flunke
Published 03 Aug, 2005 12:00am
Looming Gaza pullout sows division in Israeli army

Looming Gaza pullout sows division in Israeli army

As a combat soldier in an Israeli army engineers battalion, Avi Bieber had always volunteered for the toughest missions. But when the 19-year-old, US-born corporal was ordered to take part in pre-withdrawal operations in Gaza's main settlement bloc, he re
Published 03 Aug, 2005 12:00am
Dollar pares losses after strong factory data

Dollar pares losses after strong factory data

The dollar pared losses on Monday after stronger-than-expected data on US manufacturing and options-related trading partially offset central bank demand for euros in quiet trading. Following a recent pattern, the dollar slipped after the Institute for Sup
Published 03 Aug, 2005 12:00am
Hungry Arthurs outlasts Simmonds

Hungry Arthurs outlasts Simmonds

Australian Wayne Arthurs almost paid the price for not eating enough, but 19-year-old American Phil Simmonds found he had bitten off more than he could chew in his ATP main draw debut. The 34-year-old Aussie Davis Cup veteran rallied to beat Simmonds 0-6,
Published 03 Aug, 2005 12:00am
Karatancheva moves into 2nd round

Karatancheva moves into 2nd round

Bulgarian teen Sesil Karatancheva upset No 13 seed Shinobu Asagoe of Japan 6-1, 0-6, 7-5 during the opening day of the 1.3 million dollar WTA Acura Classic on Monday. Asagoe wasn't the only seed to fall to an up and comer on Monday as No 12 Tatiana Golovi
Published 03 Aug, 2005 12:00am
Gatlin gunning to join illustrious sprinting quartet

Gatlin gunning to join illustrious sprinting quartet

Justin Gatlin goes into the world championships here with a fantastic chance to join an illustrious gang of four sprinters who all held both Olympic gold and the world title simultaneously.
Published 03 Aug, 2005 12:00am
Asian currencies boosted by stocks and US data, despite oil

Asian currencies boosted by stocks and US data, despite oil

Asian currencies rose on Tuesday as markets shrugged off record high oil prices to focus on regional stock markets, which hit multi-year highs, and data showing the US manufacturing sector was expanding. The Korean won and Thai baht led the pack, gaining
Published 03 Aug, 2005 12:00am
Yuan stronger after fourth straight session high

Yuan stronger after fourth straight session high

China's yuan strengthened beyond 8.1040 per dollar on Tuesday, recording a post-revaluation high for the fourth straight session as dealers gained confidence that central bank would keep allowing small gains.
Published 03 Aug, 2005 12:00am
Chinese shares climb

Chinese shares climb

China's shares jumped 1.4 percent on Tuesday to their highest levels in more than a month as funds, hopeful about an imminent market recovery, built positions in large caps such as Huadian Power International Corp Ltd. The benchmark Shanghai composite ind
Published 03 Aug, 2005 12:00am
Hong Kong dollar boosted by stock market gains

Hong Kong dollar boosted by stock market gains

The Hong Kong dollar strengthened on Tuesday as funds flowed into the local stock market and the US dollar retreated against major currencies. The Hong Kong dollar was trading at 7.7721/22 to the US dollar in late trade, compared with 7.7724/26 in mid-mor
Published 03 Aug, 2005 12:00am
Great Wasim Akram slams England's security fears

Great Wasim Akram slams England's security fears

Former Pakistan cricket captain Wasim Akram on Tuesday criticised England's decision not to play a Test match in Karachi later this year, saying his country was being unfairly targeted in security matters.
Published 03 Aug, 2005 12:00am
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