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Print - 2005-08-17
Aerosvet operations

Aerosvet operations

The Aerosvet started its operations from Karachi on Tuesday. The Ukrainian airline, which will initially operate from Dubai, has appointed Kashmir Corporation as its general sales agent in Pakistan.
Published 17 Aug, 2005 12:00am
NYSE earnings up, costs down

NYSE earnings up, costs down

The New York Stock Exchange said on Monday its second-quarter earnings more than doubled as legal, advertising and other costs fell. The exchange, which in April announced plans to buy electronic trading firm Archipelago Holdings Inc, posted net income of
Published 17 Aug, 2005 12:00am
Dangerous bird flu outbreak spreads: Russia

Dangerous bird flu outbreak spreads: Russia

Russia said an outbreak of bird flu in Chelyabinsk was dangerous to humans as teams of sanitary workers destroyed birds to prevent the westward spread of the deadly virus across its territory. The H5N1 strain of bird flu is behind the outbreak in Chelyabi
Published 17 Aug, 2005 12:00am
Indonesian president eyes higher growth

Indonesian president eyes higher growth

Indonesia's President Susilo Bambang Yudhoyono said on Tuesday the government was targeting economic growth of 6.2 percent next year, driven by consumption demand and strong investment momentum. However, Yudhoyono also said in a state address to parliamen
Published 17 Aug, 2005 12:00am
Zimbabwe spends more on drought, silent on loan

Zimbabwe spends more on drought, silent on loan

Zimbabwe's cash-strapped government will spend more money than initially planned this year, mainly on drought relief, sharply widening the budget deficit, Finance Minister Herbert Murerwa said on Tuesday.
Published 17 Aug, 2005 12:00am
Wal-Mart third-quarter warning casts pall over sector

Wal-Mart third-quarter warning casts pall over sector

Retail heavyweight Wal-Mart Stores Inc on Tuesday warned of a weaker third quarter as steep oil prices hurt consumer spending, casting a pall over the entire sector and sending retail stocks lower. Still, top US retailers, including Wal-Mart, posted highe
Published 17 Aug, 2005 12:00am
Wal-Mart third-quarter warning casts pall over sector

Wal-Mart third-quarter warning casts pall over sector

Retail heavyweight Wal-Mart Stores Inc on Tuesday warned of a weaker third quarter as steep oil prices hurt consumer spending, casting a pall over the entire sector and sending retail stocks lower. Still, top US retailers, including Wal-Mart, posted highe
Published 17 Aug, 2005 12:00am
Toronto stocks end lower, weighed down by oil

Toronto stocks end lower, weighed down by oil

Toronto stocks ended lower on Monday as energy issues retreated with easing oil prices and gold-mining stocks backtracked as a round of profit-taking hit the bullion market.
Published 17 Aug, 2005 12:00am
Seoul shares end lower

Seoul shares end lower

South Korean shares fell more than 1 percent on Tuesday, retreating from their highest level in more than a decade, as investors locked in gains in recent strong advancers such as Kookmin Bank.
Published 17 Aug, 2005 12:00am
Jakarta shares dip

Jakarta shares dip

Indonesian share prices closed 0.40 percent lower on Tuesday as a weakening rupiah further dampened poor sentiment caused by concerns over rising oil and energy prices, dealers said.
Published 17 Aug, 2005 12:00am
Thai shares tumble

Thai shares tumble

Thai share prices closed 1.23 percent lower on Tuesday amid a lack of foreign investors, while local investors switched their money into bond markets, dealers said. They said higher yields on bonds coupled with weaker earnings from the current reporting s
Published 17 Aug, 2005 12:00am
Hong Kong stocks decline

Hong Kong stocks decline

Hong Kong stocks shied away from fresh four-and-a-half year highs on Tuesday, slipping 0.15 percent, as investors paused for breath after a recent rally. Chinese oil shares such as CNOOC were among the top losers after a dip in world oil prices from histo
Published 17 Aug, 2005 12:00am
US stocks advance as oil drops off record high

US stocks advance as oil drops off record high

US stocks rose on Monday, with investors finding reasons to buy equities as oil prices receded from a record high above $67 and data showed the US economy appears to be on solid footing. Shares of Apple Computer Inc and Time Warner Inc helped drive the br
Published 17 Aug, 2005 12:00am
Indian shares close flat

Indian shares close flat

Indian share prices closed flat on Tuesday as overseas funds sold selectively in Sensex and mid-sized stocks, with fears of higher crude oil prices impacting on sentiment, dealers said.
Published 17 Aug, 2005 12:00am
US Treasuries in mild setback before inflation data

US Treasuries in mild setback before inflation data

US Treasury debt prices fell on Monday, reversing much of Friday's rally in cautious trading ahead of two days of key inflation data and as crude oil futures pulled back from record highs.
Published 17 Aug, 2005 12:00am
US Treasuries in mild setback before inflation data

US Treasuries in mild setback before inflation data

US Treasury debt prices fell on Monday, reversing much of Friday's rally in cautious trading ahead of two days of key inflation data and as crude oil futures pulled back from record highs.
Published 17 Aug, 2005 12:00am
Taiwan stocks little changed

Taiwan stocks little changed

Taiwan stocks ended little changed on Tuesday as investors struggled to find promising alternatives to pricey tech shares like UMC, which led the market to a 15-month high earlier this month.
Published 17 Aug, 2005 12:00am
Philippines shares sag

Philippines shares sag

Philippines share prices closed 0.62 percent lower on Tuesday as investors sold shares in blue chips due to concerns that higher oil prices could weaken consumer demand and hurt profits, dealers said.
Published 17 Aug, 2005 12:00am
Singapore shares snap four-day losing streak

Singapore shares snap four-day losing streak

Singapore share prices closed 1.12 percent higher on Tuesday after four straight days of losses as bargain-hunters bought stocks following Wall Street's gains overnight, dealers said.
Published 17 Aug, 2005 12:00am
Tokyo stocks finish at four-year high

Tokyo stocks finish at four-year high

Tokyo's Nikkei stock average ended up 0.48 percent at a four-year closing high on Tuesday as investors bought Advantest Corp and other technology shares that had missed out on recent rallies.
Published 17 Aug, 2005 12:00am
Mexican stocks up

Mexican stocks up

Mexican stocks jumped 1.16 percent on Monday to a record high close, boosted by expectations of strong profits at blue chips like retailer Wal-Mart de Mexico and the peso also gained.
Published 17 Aug, 2005 12:00am
Malaysian shares drop

Malaysian shares drop

Malaysian share prices closed 0.15 percent lower on Tuesday as investors took to the sidelines ahead of the announcement of second quarter economic growth data due out next week, dealers said.
Published 17 Aug, 2005 12:00am
Chinese shares plunge

Chinese shares plunge

China's shares fell 0.8 percent on Tuesday as investors cashed out of large caps such as Huadian Power International Corp Ltd, which had led a market rally over the past four weeks. The benchmark Shanghai composite index closed at 1,177.278 points.
Published 17 Aug, 2005 12:00am
Bangladesh interbank forex, interest rates

Bangladesh interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Tuesday. 65.05/65.75 (previous 65.05/65.75). Call Money Rates: 4.85-16.0 percent (previous 5.0-16.0 percent).
Published 17 Aug, 2005 12:00am
Swiss franc down after trade gap data

Swiss franc down after trade gap data

The Swiss franc weakened against the dollar on Tuesday after a report showed the United States attracted enough funds to finance its massive trade gap in June, thus supporting the US currency.
Published 17 Aug, 2005 12:00am
Yuan weakens as central bank intervenes

Yuan weakens as central bank intervenes

China's yuan weakened on Tuesday after closing at a post-revaluation high of 8.0971 in the previous session, after the central bank stepped in to prevent the currency from strengthening too sharply.
Published 17 Aug, 2005 12:00am
Dollar extends gains on US capital flows data

Dollar extends gains on US capital flows data

The dollar rose on Tuesday, building on the previous day's gains on a report that showed the United States attracted enough funds to finance its massive trade gap in June.
Published 17 Aug, 2005 12:00am
Dollar up against euro on US asset flows

Dollar up against euro on US asset flows

The dollar climbed against the euro on Monday, supported by a report showing increased foreign demand for US assets in June, but some investors were already placing bets the euro would push back later in the week.
Published 17 Aug, 2005 12:00am
Hong Kong dollar eases as stocks slip

Hong Kong dollar eases as stocks slip

The Hong Kong dollar gave up some recent gains on Tuesday, while discounts on forward rates narrowed as some players covered short positions in the wake of tightness in short-dated money rates.
Published 17 Aug, 2005 12:00am
Asian currencies weaker but yen rally helps curb losses

Asian currencies weaker but yen rally helps curb losses

Asian currencies were weaker on Tuesday, weighed down by worries about the impact of high oil prices on economic growth, but trimmed some of their losses as the yen hit a seven-week high against the US currency. The Indonesian rupiah extended Monday's fal
Published 17 Aug, 2005 12:00am
New Zealand reach 454-7 at the close

New Zealand reach 454-7 at the close

New Zealand were 454 for seven in reply to Zimbabwe's first innings total of 231 at the close of play on the second day of the second test in Bulawayo on Tuesday.
Published 17 Aug, 2005 12:00am
Match-saver McGrath sets unwanted record

Match-saver McGrath sets unwanted record

Australia fast bowler Glenn McGrath proved his worth with the bat at Old Trafford where his match-saving effort in the third Ashes Test made him the greatest No 11 in history. McGrath, once regarded as a hopeless, 'bunny' batsman, broke former West Indies
Published 17 Aug, 2005 12:00am
Ponting proud to lead from front

Ponting proud to lead from front

Australia captain Ricky Ponting was both happy and relieved after his man-of-the-match winning 156 helped guide his side to a third Test draw against England. Ponting defied the England attack for seven hours but when he was out last-wicket duo Brett Lee
Published 17 Aug, 2005 12:00am
No limits for England says Vaughan after Aussie draw

No limits for England says Vaughan after Aussie draw

England captain Michael Vaughan insisted his side could "go as far as it wants to " after seeing them come agonisingly close to taking a 2-1 Ashes series lead. Only a tenth wicket stand lasting four overs between Australia's Brett Lee and Glenn McGrath de
Published 17 Aug, 2005 12:00am
Global warming conference opens

Global warming conference opens

A conference on global warming opened Tuesday in Greenland, Denmark's Arctic territory which is heavily affected by rising temperatures around the globe. The informal meeting groups 25 environment ministers from the United States, India, Brazil, China, Ja
Published 17 Aug, 2005 12:00am
Bulgaria approves coalition government

Bulgaria approves coalition government

Bulgaria's parliament ended a post-election deadlock on Tuesday by voting in a centre-left government that pledged to tackle reforms for timely EU entry and improve the poor Balkan state's living standards. The three largest parties to emerge from inconcl
Published 17 Aug, 2005 12:00am
Harvard enters debate on evolution

Harvard enters debate on evolution

Harvard University is planning a scientific study of how life emerged on Earth, thrusting one of America's most prestigious universities into the growing, politically charged debate over an alternative to Charles Darwin's theory of evolution.
Published 17 Aug, 2005 12:00am
Payoffs trigger independent UN procurement review

Payoffs trigger independent UN procurement review

UN Secretary-General Kofi Annan ordered a broad independent review of UN procurement practices on Monday following the discovery that a senior UN purchasing official was shaking down contractors.
Published 17 Aug, 2005 12:00am
Kuczynski named as Peru's new prime minister

Kuczynski named as Peru's new prime minister

Peru's respected outgoing economy minister, Pedro Pablo Kuczynski, said on Tuesday he was taking over as prime minister in a reshuffle to end President Alejandro Toledo's worst Cabinet crisis in his four years in office.
Published 17 Aug, 2005 12:00am
Thirty dead in Guatemala prison gang battles

Thirty dead in Guatemala prison gang battles

Rival Guatemalan gang members battled each other with grenades, guns and knives at prisons throughout the country on Monday, leaving at least 30 people dead. About 80 inmates were injured in the fighting between the Mara Salvatrucha and Mara 18 street gan
Published 17 Aug, 2005 12:00am
Major quake hits northern Japan, dozens injured

Major quake hits northern Japan, dozens injured

A major earthquake with a magnitude of 7.2 jolted northern Japan on Tuesday, injuring at least 45 people, causing power outages and snarling transportation. Buildings also swayed in Tokyo, about 300 km (190 miles) to the south, when the tremor struck at 1
Published 17 Aug, 2005 12:00am
Peace crosses outside Bush ranch crushed by rogue driver

Peace crosses outside Bush ranch crushed by rogue driver

A driver mowed down crosses bearing the names of US soldiers killed in Iraq in the latest act opposing peace activists outside President George W. Bush's ranch, the demonstrators said Tuesday.
Published 17 Aug, 2005 12:00am
Don't demonise our religion, Muslim groups tell Blair

Don't demonise our religion, Muslim groups tell Blair

Thirty-eight Muslim groups issued a joint protest Tuesday against anti-terrorist measures set out by Prime Minister Tony Blair in the wake of the London bombings, saying they risked demonising Islam.
Published 17 Aug, 2005 12:00am
Israeli forces, protesters clash in Gaza settlement

Israeli forces, protesters clash in Gaza settlement

Israeli security forces clashed with protesters in the largest Gaza settlement on Tuesday in the run-up to the midnight deadline for Jews to leave the occupied territory. Hours before the ultimatum expired, an official said close to half the settlers had
Published 17 Aug, 2005 12:00am
Iran nuclear chief vows to press on with fuel work

Iran nuclear chief vows to press on with fuel work

Iran's new nuclear policy chief, Ali Larijani, said Tehran will press on with ultra-sensitive fuel cycle work while continuing talks with the European Union, in comments published Tuesday.
Published 17 Aug, 2005 12:00am
Cyprus airline admits crash plane had problems in past

Cyprus airline admits crash plane had problems in past

The Cypriot airline whose plane crashed in Greece at the weekend killing all 121 people on board admitted Tuesday the aircraft involved had prior cabin pressure problems but insisted it met safety standards.
Published 17 Aug, 2005 12:00am
Thousands rally in support of Brazil's president

Thousands rally in support of Brazil's president

Thousands of students, unionists and peasants demonstrated in Brazil's capital on Tuesday in a show of support for President Luiz Inacio Lula da Silva as he struggles to manage a deepening corruption scandal.
Published 17 Aug, 2005 12:00am
US scrambles to keep Iraqi political process on track

US scrambles to keep Iraqi political process on track

US officials scrambled Tuesday to keep Iraq's political process on track despite a deadlock in drafting a new constitution that clouded Washington's hopes for an exit strategy after 29 months of war.
Published 17 Aug, 2005 12:00am
Taleban threaten to kill kidnapped Lebanese

Taleban threaten to kill kidnapped Lebanese

Taleban militants threatened Tuesday to kill a kidnapped Lebanese engineer if his Turkish construction company fails to leave Afghanistan within 24 hours. The engineer, Ahmed Reza, was abducted on Monday near Qalat, the capital of the restive south-easter
Published 17 Aug, 2005 12:00am
First post-Saddam executions soon: Prime Minister

First post-Saddam executions soon: Prime Minister

The first executions in Iraq since the ousting of Saddam Hussein will take place within days, Prime Minister Ibrahim Jaafari said Tuesday - in what could be an ominous sign for the jailed former dictator.
Published 17 Aug, 2005 12:00am
Iranians form human chain at disputed nuclear plant

Iranians form human chain at disputed nuclear plant

Some 500 Iranian demonstrators formed a human chain Tuesday at a key nuclear plant at the centre of a dispute between the Islamic republic and the international community.
Published 17 Aug, 2005 12:00am
Investors seen moving to US dollar money market funds

Investors seen moving to US dollar money market funds

Hedge funds' lacklustre performance so far in 2005 is turning some investors away from the high-risk investment vehicles to more traditional investments, including cash and money market instruments, US fund managers say.
Published 17 Aug, 2005 12:00am
Investors seen moving to US dollar money market funds

Investors seen moving to US dollar money market funds

Hedge funds' lacklustre performance so far in 2005 is turning some investors away from the high-risk investment vehicles to more traditional investments, including cash and money market instruments, US fund managers say.
Published 17 Aug, 2005 12:00am
US Stocks: Tuesday's unofficial close

US Stocks: Tuesday's unofficial close

US stocks fell on Tuesday as disappointing earnings forecasts from retailers, including Wal-Mart Stores Inc, raised concerns that high energy costs may be hurting consumer spending.
Published 17 Aug, 2005 12:00am
Britain's top share index down for fourth straight day

Britain's top share index down for fourth straight day

Britain's FTSE 100 index closed lower on Tuesday for the fourth straight session, hit by a sharp fall on Wall Street as oil prices stalked higher and by higher-than-expected UK inflation data.
Published 17 Aug, 2005 12:00am
Bangladesh scraps 50,000-tonne sugar buy

Bangladesh scraps 50,000-tonne sugar buy

Bangladesh said on Tuesday it had not awarded a tender to buy 50,000 tonnes of white sugar for shipment in September. "As the authorities did not award the job on the schedule by Monday, the tender has automatically been scrapped," said a senior official
Published 17 Aug, 2005 12:00am
Ivory Coast cocoa reform may tighten buying rules

Ivory Coast cocoa reform may tighten buying rules

Exporters in Ivory Coast should stop purchasing their cocoa directly from growers and instead buy through farmer-owned co-operatives, according to proposals drafted by a committee studying how to reform the industry.
Published 17 Aug, 2005 12:00am
Oil holds above $66, prices start to hurt

Oil holds above $66, prices start to hurt

Oil held strong above $66 a barrel on Tuesday as the standoff over Iran's nuclear programme and US refinery glitches supported prices even as the world's big consumers began to feel the pain. Oil has soared about 50 percent this year on worries the indust
Published 17 Aug, 2005 12:00am
Soya rust found in fifth state

Soya rust found in fifth state

The highly contagious soyabean rust disease was confirmed in South Carolina, making it the fifth state this year to find the fungus, the US Agriculture Department said on its rust-monitoring Web site.
Published 17 Aug, 2005 12:00am
New York cotton futures shade higher

New York cotton futures shade higher

Cotton futures finished with modest gains on Tuesday in mostly technical business following Monday's close at 8-1/2 month lows with more rangebound dealings expected in the coming days, market sources said.
Published 17 Aug, 2005 12:00am
London sugar lower

London sugar lower

London white sugar futures closed lower on speculative selling and spread activity on Tuesday as the trade digested news that Iraq is seeking 200,000 tonnes of physical sugar, traders said.Front-month October settled down $1.6 at $282.5 per tonne in volum
Published 17 Aug, 2005 12:00am
Funds push copper higher

Funds push copper higher

Copper climbed steadily on Tuesday to close London Metal Exchange (LME) open outcry trade nearly one percent higher, just off an earlier record traded high of $3,662 a tonne on light fund buying, traders said.
Published 17 Aug, 2005 12:00am
Gold bounces in Europe

Gold bounces in Europe

Gold pushed higher in Europe during Tuesday afternoon trading, with downside resilience encouraging a reversal of the day's trend and technically-based buying, traders said. Prices pushed away from earlier lows near $440.00, erasing earlier losses, to set
Published 17 Aug, 2005 12:00am
US MIDDAY: coffee soars in spread related buying

US MIDDAY: coffee soars in spread related buying

US coffee futures prices closed a shade higher Tuesday as spread-related buying helped the market stabilise from a 9-month low the previous session, market sources said.
Published 17 Aug, 2005 12:00am
US MIDDAY: cocoa modestly up on fund buying

US MIDDAY: cocoa modestly up on fund buying

New York Board of Trade cocoa futures prices closed modestly higher Tuesday as the market consolidated after nine consecutive days of losses and recent contract lows, traders said.
Published 17 Aug, 2005 12:00am
US MIDDAY: sugar near four-week low on speculative selling

US MIDDAY: sugar near four-week low on speculative selling

Raw sugar futures closed at a near four-week low on Tuesday as speculative selling and contract rollover pushed prices below a key support level, but steady trade buying helped limit losses, dealers said.
Published 17 Aug, 2005 12:00am
US MIDDAY: corn higher on September contract

US MIDDAY: corn higher on September contract

Corn futures at the Chicago Board of Trade were holding firm early on Tuesday as the market attempts to consolidate after Monday's plunge to three-month lows and a new contract low in September, traders said.
Published 17 Aug, 2005 12:00am
US MIDDAY: copper hits record highs in buying frenzy drive

US MIDDAY: copper hits record highs in buying frenzy drive

New York copper futures roared to record levels early on Tuesday, in a buying frenzy driven by bullish fundamentals and a chart that offers no natural resistance, traders said. At this point, one broker said, the buying is coming more from speculators tha
Published 17 Aug, 2005 12:00am
US MIDDAY: soya futures firm on liquidated long positions

US MIDDAY: soya futures firm on liquidated long positions

Chicago Board of Trade soyabean futures bounced early on Tuesday on a mild recovery from Monday's big sell-off when commodity funds liquidated long positions on lessening worries about the US soya crop after weekend rains, traders said.
Published 17 Aug, 2005 12:00am
US MIDDAY: gold bounces back on fund, speculative selling

US MIDDAY: gold bounces back on fund, speculative selling

Gold futures in New York rose to settle near session highs on Tuesday, after buyers jumped in on an earlier dip in prices and a lacklustre dollar and historically high crude also gave it a boost, analysts said.
Published 17 Aug, 2005 12:00am
Law minister clarifies Karachi airport incident

Law minister clarifies Karachi airport incident

Federal Minister for Law, Justice and Human Rights, Muhammad Wasi Zafar stated on Tuesday that the newspapers reported the Karachi Airport incident in a scandalising manner, without ascertaining actual facts.
Published 17 Aug, 2005 12:00am
Army called for local bodies' polls in Sialkot

Army called for local bodies' polls in Sialkot

District administration has called army for ensuring peace and maintaining law and order on the eve of August 18, 2005 LB polls in sensitive areas of the district.
Published 17 Aug, 2005 12:00am
Army, police organise flag march in southern Punjab

Army, police organise flag march in southern Punjab

Army and police organised a flag march in sensitive areas of southern Punjab like Muzaffargarh, Multan, Leiah, Dera Ghazi Khan and Shujaabad on Tuesday. The army will assist security agencies in five districts of south Punjab as security arrangements have
Published 17 Aug, 2005 12:00am
'Cell phones not allowed inside polling stations'

'Cell phones not allowed inside polling stations'

Sindh Rangers Director General, Major General Javed Zia, said on Tuesday that keeping mobile phones inside the polling stations during the local bodies election would not be allowed in the province.
Published 17 Aug, 2005 12:00am
71,591 rangers, policemen to be deployed in Sindh

71,591 rangers, policemen to be deployed in Sindh

As many as 71,591 personnel of rangers and police would be deployed in Sindh for the coming local bodies elections. This was stated by Director General of Pakistan Rangers, Sindh, Major General Javed Zia, here on Tuesday.
Published 17 Aug, 2005 12:00am
Corps Commander satisfied with poll arrangements

Corps Commander satisfied with poll arrangements

5 Corps Commander Lieutenant General Athar Ali on Tuesday visited various parts of the city to review security arrangements made by Pakistan Rangers (Sindh) in connection with the forthcoming local bodies elections 2005. Besides Director General Pakistan
Published 17 Aug, 2005 12:00am
3000 Rangers move in for interior Sindh

3000 Rangers move in for interior Sindh

Some 3,000 troops of Rangers moved in on Tuesday for election day's security duty on August 18, at the polling stations of Ghotki, Kashmore and Jacobabad, APP officially learnt here. A spokesman of Shahbaz Rangers said the matter was decided at a high lev
Published 17 Aug, 2005 12:00am
3000 Rangers move in for interior Sindh

3000 Rangers move in for interior Sindh

Some 3,000 troops of Rangers moved in on Tuesday for election day's security duty on August 18, at the polling stations of Ghotki, Kashmore and Jacobabad, APP officially learnt here. A spokesman of Shahbaz Rangers said the matter was decided at a high lev
Published 17 Aug, 2005 12:00am
Ishrat urges corporate sector to contribute for uplift of poor

Ishrat urges corporate sector to contribute for uplift of poor

Pakistan in a strong presence of local origin corporate sector, comprising some 500 to 600 corporations, duly expects the latter to make meaningful contribution in strengthening the social sector of the country, with major focus on healthcare, education a
Published 17 Aug, 2005 12:00am
Sindh education department declares holidays

Sindh education department declares holidays

The Sindh education department and Literacy on Tuesday declared that Wednesday and Thursday ie August 17 and 18, and Wednesday and Thursday ie August 24 and 25 as holidays due to Local Government elections.
Published 17 Aug, 2005 12:00am
Action against code of conduct violators

Action against code of conduct violators

The officials of the City District Government Lahore (CDGL) continued campaign against the violators of local body elections' code of conduct. The officials removed and confiscated over 445 election banners displayed in the areas of Township, Wahdat Road,
Published 17 Aug, 2005 12:00am
Supreme Court rejects several local bodies' poll petitions

Supreme Court rejects several local bodies' poll petitions

A full bench of the Supreme Court headed by Chief Justice of Pakistan rejected several identical petitions filed by Qari Saeed Asad and others, praying to the court to allow them to contest LB elections on the basis of madrassah certificates treating them
Published 17 Aug, 2005 12:00am
Hearing put off

Hearing put off

The Lahore High Court (LHC) has adjourned proceedings in a petition filed for the recovery of seven persons, till August 23 as the attorney general of Pakistan sought time to contact with relevant authorities.
Published 17 Aug, 2005 12:00am
Piaf-founders alliance services acknowledged

Piaf-founders alliance services acknowledged

Executive Committee of the Pakistan Industrial and Traders Associations Front (Piaf) has termed the performance of the Piaf-Founders Alliance as remarkable for the promotion of business activities in the country.
Published 17 Aug, 2005 12:00am
PUCIT launches software awareness campaign

PUCIT launches software awareness campaign

Punjab University College of Information Technology (PUCIT) on Tuesday launched 4-day 'Free and Open Source Software Awareness Campaign'. While addressing the inaugural ceremony, the Punjab University's acting Vice-chancellor Professor Dr Arif Butt said t
Published 17 Aug, 2005 12:00am
Message of Ambassador Anwar Santoso

Message of Ambassador Anwar Santoso

I am pleased to join my fellow Indonesians across the nation and around the world in celebrating the 60th anniversary of the Proclamation of Independence of the Republic of Indonesia. On this happy occasion, I would also like to extend my heartiest felici
Published 17 Aug, 2005 12:00am
Indonesia: an upbeat economy

Indonesia: an upbeat economy

The economy's performance during the first six months of President Susilo Bambang Yudhoyono's administration has been fairly impressive, with gross domestic product growing by 6.65 percent on a yearly basis in the fourth quarter of last year and 6.35 perc
Published 17 Aug, 2005 12:00am
Kurdistan looks to lead way for investment in Iraq

Kurdistan looks to lead way for investment in Iraq

Scattered around his paper-strewn office, Iraqi entrepreneur and telecoms tycoon Faruk Mustafa Rasool has half a dozen sketches of his latest big project - a futuristic 28-storey, 5-star hotel.
Published 17 Aug, 2005 12:00am
DHA vacant plots

DHA vacant plots

It is most regrettable to see that many vacant plots of DHA in Karachi have become a garbage throwing and storing place and mosquito breeding centre creating hygienic problems and a big health hazard for the neighbourly residents. Will the DHA ensure main
Published 17 Aug, 2005 12:00am
Minority shareholders of Chakwal Cement Company

Minority shareholders of Chakwal Cement Company

We would like to draw your attention towards the acquisition of over 51% stake in Chakwal Cement Company Limited in November 2004 by OCI Cement Group (ORASCOM Group). The group finalised the negotiations and the formal completion of the acquisition took p
Published 17 Aug, 2005 12:00am
Capital markets must conform to global standard: SECP

Capital markets must conform to global standard: SECP

The following statement was made before the National Assembly Standing Committee on Finance and Revenue on Monday last by Dr Tariq Hassan, Chairman, Securities and Exchange Commission of Pakistan:
Published 17 Aug, 2005 12:00am
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