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Nov 25, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2005-10-08
UK rail firms fined over Hatfield crash charge

UK rail firms fined over Hatfield crash charge

UK rail maintenance firm Balfour Beatty and Network Rail were fined a total of 13.5 million pounds ($23.9 million) on Friday for safety rule breaches that led to a fatal train crash north of London in 2000.
Published 08 Oct, 2005 12:00am
China needs to act soon on yuan: Snow

China needs to act soon on yuan: Snow

US Treasury Secretary John Snow said on Friday China needs to act "soon" to let its yuan currency become more flexible and he will tell Chinese officials that in person next week.
Published 08 Oct, 2005 12:00am
WTO farm talks mark time, need ministers to move

WTO farm talks mark time, need ministers to move

International farm trade negotiators met on Friday seeking to force the pace of struggling global trade talks, but diplomats saw no progress before a flurry of ministerial gatherings next week.
Published 08 Oct, 2005 12:00am
Former directors jailed in UK market abuse case

Former directors jailed in UK market abuse case

The first company executives to be convicted under British market abuse laws were given prison sentences on Friday after the judge said they damaged the integrity of the stock market.
Published 08 Oct, 2005 12:00am
TSMC sales hit record high

TSMC sales hit record high

TSMC, the world's largest contract manufacturer of microchips, posted record high monthly sales in September as clients rush to launch products like video mobile phones and games consoles in time for Christmas.
Published 08 Oct, 2005 12:00am
TSMC sales hit record high

TSMC sales hit record high

TSMC, the world's largest contract manufacturer of microchips, posted record high monthly sales in September as clients rush to launch products like video mobile phones and games consoles in time for Christmas.
Published 08 Oct, 2005 12:00am
State aid still favours Boeing, says Airbus

State aid still favours Boeing, says Airbus

Airbus Chief Executive Gustav Humbert said on Friday that US anger over state loans to European planemaker Airbus masked the fact that Airbus still got less state backing than US rival Boeing Co.
Published 08 Oct, 2005 12:00am
General strike hits Belgium

General strike hits Belgium

Road and rail transport chaos hit Belgium on Friday as workers walked off the job in large numbers in the country's first general strike in 12 years, union officials said.
Published 08 Oct, 2005 12:00am
Srike halts flights at Beirut airport

Srike halts flights at Beirut airport

Lebanon's only international airport ground to a halt on Friday as air traffic controllers began a 24-hour strike to demand the government pay overtime wages and improve work conditions, airport officials said.
Published 08 Oct, 2005 12:00am
AIG aims to maintain sole-ownership model in China

AIG aims to maintain sole-ownership model in China

Top global insurer AIG, the beneficiary of preferential treatment in China, is sticking with its 100 percent ownership model as it looks to expand in the country, but did not rule out another approach if warranted.
Published 08 Oct, 2005 12:00am
Japan joins renewed calls for yuan flexibility

Japan joins renewed calls for yuan flexibility

Japan's finance minister joined his US colleague's call for more flexibility in the Chinese yuan's exchange rate ahead of a meeting with their global counterparts next week, although he sounded a slightly more conciliatory note.
Published 08 Oct, 2005 12:00am
US jobs drop in September

US jobs drop in September

A smaller-than-expected 35,000 jobs were lost in the United States last month as hiring in some regions was offset by layoffs stemming from the damage caused by Hurricane Katrina, according to a Labour Department report on Friday.
Published 08 Oct, 2005 12:00am
Reckitt to buy Boots drugs unit for $3.4 billion

Reckitt to buy Boots drugs unit for $3.4 billion

Britain's Reckitt Benckiser Plc agreed on Friday to buy Boots Group's non-prescription drugs business for a higher-than-expected 1.926 billion pounds ($3.4 billion) in cash, bringing its Lemsip and Disprin cold remedies together with Boot's Nurofen painki
Published 08 Oct, 2005 12:00am
German industrial output falls

German industrial output falls

German industrial production contracted by more than expected in August as record oil prices and summer holidays dented output at factories and utilities, preliminary Economy Ministry data showed on Friday.
Published 08 Oct, 2005 12:00am
China's foreign debt rises

China's foreign debt rises

China's foreign debt rose 3.8 percent in the second quarter to $266.2 billion, indicating continued speculation for a further appreciation in the yuan, data showed on Friday.
Published 08 Oct, 2005 12:00am
Tourism to Britain up despite London bombs

Tourism to Britain up despite London bombs

Tourists entering Britain rose nearly three percent in August on a year earlier, official figures showed on Friday, in a sign July London bombings have not deterred visits to the country.
Published 08 Oct, 2005 12:00am
Launch of Faysal Income, Growth Fund on Monday

Launch of Faysal Income, Growth Fund on Monday

Faysal Asset Management Limited ("FAML"), a group company of Faysal Bank Limited, AKD Securities (Pvt) Ltd and Islamic Investment Company of the Gulf (Bahamas), has announced the launch of its new open-end mutual fund, 'Faysal Income and Growth Fund' with
Published 08 Oct, 2005 12:00am
Launch of Faysal Income, Growth Fund on Monday

Launch of Faysal Income, Growth Fund on Monday

Faysal Asset Management Limited ("FAML"), a group company of Faysal Bank Limited, AKD Securities (Pvt) Ltd and Islamic Investment Company of the Gulf (Bahamas), has announced the launch of its new open-end mutual fund, 'Faysal Income and Growth Fund' with
Published 08 Oct, 2005 12:00am
Taiwan stocks down

Taiwan stocks down

Taiwan stocks fell 0.23 percent on Friday, with losses in US tech shares casting a shadow over the market despite upbeat September sales reports from companies such as AU Optronics Corp. The TAIEX share index closed with a loss of 13.97 points at 6,081.84
Published 08 Oct, 2005 12:00am
Malaysian shares lower

Malaysian shares lower

Malaysian share prices closed 0.11 percent lower on Friday in range bound trade with sentiment weighed down by overnight declines in Wall Street and foreign fund selling in the local market, dealers said.
Published 08 Oct, 2005 12:00am
Hong Kong stocks flat

Hong Kong stocks flat

Hong Kong stocks paused for breath on Friday after two days of hefty losses, with investors remaining cautious ahead of key US data and on continued interest rate worries.
Published 08 Oct, 2005 12:00am
US stocks sag on Fed inflation talk

US stocks sag on Fed inflation talk

US stocks fell on Thursday, extending the week's slide, as a Federal Reserve official issued cautionary comments on inflation for the second time this week, boosting expectations for more interest-rate hikes.
Published 08 Oct, 2005 12:00am
Singapore shares close higher

Singapore shares close higher

Singapore share prices closed 0.69 percent higher on Friday on expectations preliminary third quarter economic growth figures to be released next week would be strong, dealers said. The Straits Times Index rose 15.77 points to 2,305.24.
Published 08 Oct, 2005 12:00am
US Treasuries slip ahead of post-Katrina jobs data

US Treasuries slip ahead of post-Katrina jobs data

US Treasury debt prices eased on Thursday as the market's bearish momentum and anxiety over looming jobs data superseded a surprisingly large spike in weekly jobless claims.
Published 08 Oct, 2005 12:00am
US Treasuries slip ahead of post-Katrina jobs data

US Treasuries slip ahead of post-Katrina jobs data

US Treasury debt prices eased on Thursday as the market's bearish momentum and anxiety over looming jobs data superseded a surprisingly large spike in weekly jobless claims.
Published 08 Oct, 2005 12:00am
Thailand shares decline

Thailand shares decline

Thai share prices closed 0.25 percent lower Friday with foreign investors taking profits in energy stocks after oil prices fell, dealers said. The Stock Exchange of Thailand (SET) composite index shed 1.81 points to 708.98 and the blue chip SET 50 index w
Published 08 Oct, 2005 12:00am
Philippines shares close 0.67 percent higher

Philippines shares close 0.67 percent higher

Philippines share prices closed 0.67 percent higher Friday as foreign investors sought out high yielding stocks or those likely to report robust earnings for the three months to September, dealers said. They said trading volume was thin however ahead of t
Published 08 Oct, 2005 12:00am
Seoul shares move down

Seoul shares move down

Seoul shares dipped on Friday for a third consecutive session, as worries about higher US interest rates hit exporters such as Samsung Electronics, while investors were also cautious ahead of US jobs data. Foreign investors unloaded a net 425 billion won
Published 08 Oct, 2005 12:00am
Nikkei lower ahead of US job data

Nikkei lower ahead of US job data

Japan's Nikkei share average ended down 0.99 percent on Friday, a day after its biggest loss in six months, as investors continued to sell Teikoku Oil Co and other recent gainers.
Published 08 Oct, 2005 12:00am
Jakarta shares close lower

Jakarta shares close lower

Indonesian share prices closed 0.16 percent lower in directionless trade on Friday amid fears that local interest rates could rise further, dealers said.
Published 08 Oct, 2005 12:00am
Hong Kong dollar up on funds inflow

Hong Kong dollar up on funds inflow

The Hong Kong dollar strengthened against the US dollar on Friday on the back of a continued funds flow into the territory for IPOs and also driven by arbitrage trades, dealers said.
Published 08 Oct, 2005 12:00am
Swiss franc holds gains after dollar sell-off

Swiss franc holds gains after dollar sell-off

The Swiss franc held higher levels against the dollar in early European trade on Friday, after the greenback yielded the gains of recent weeks in the previous session, in what dealers said was technically driven trading.
Published 08 Oct, 2005 12:00am
Dollar near two-week low on US job data

Dollar near two-week low on US job data

The dollar hovered near a two-week low against the euro on Friday after the European Central Bank voiced concerns about inflation and as traders hesitated to bid up the dollar on worries about upcoming US employment data.
Published 08 Oct, 2005 12:00am
Dollar plunges as technicals dominate in New York trade

Dollar plunges as technicals dominate in New York trade

The dollar tumbled on Thursday, posting its biggest one-day drop against the euro in over three years in technically-driven trading, as investors who had earlier sold the euro zone currency got squeezed after it failed to go below a key level.
Published 08 Oct, 2005 12:00am
Australian dollar nudges above 76 cents

Australian dollar nudges above 76 cents

The Australian dollar tip-toed higher against a broadly weaker US dollar and partially retraced losses against other currencies on Friday, after a week which has seen investors become more risk averse.
Published 08 Oct, 2005 12:00am
Most Asian currencies marginally higher

Most Asian currencies marginally higher

The South Korean won led Asian currencies higher on Friday, extending a rally against the dollar this week, but the upside was limited by uncertainty over the dollar's trend ahead of US jobs data.
Published 08 Oct, 2005 12:00am
Sania Mirza upsets top-seed Zvonareva

Sania Mirza upsets top-seed Zvonareva

India's rising star Sania Mirza upset top-seeded Vera Zvonareva to reach the semi-finals of the Japan Open Tennis Tournament, while Asia's number one Paradorn Srichaphan was knocked out of the men's draw on Friday.
Published 08 Oct, 2005 12:00am
Pakistan's hotels brace for Barmy Army invasion

Pakistan's hotels brace for Barmy Army invasion

Regardless of whether England or Pakistan come out on top in their upcoming cricket series, the big winners are likely to be the South Asian country's hotel owners.
Published 08 Oct, 2005 12:00am
Vaughan demands victory in Pakistan and India

Vaughan demands victory in Pakistan and India

England captain Michael Vaughan wants his Ashes-winning team to prove they are the best in the world by posting series victories in Pakistan and India this winter.
Published 08 Oct, 2005 12:00am
India to bid for 2011 cricket World Cup

India to bid for 2011 cricket World Cup

India will make an aggressive bid to host the 2011 cricket World Cup in the sub-continent when the International Cricket Council (ICC) meets in Sydney next week, a top official said on Friday.
Published 08 Oct, 2005 12:00am
Aussies clinch Super Series on back of Gilchrist century

Aussies clinch Super Series on back of Gilchrist century

Australia romped to victory in the ICC Super Series on the back of Adam Gilchrist's fastest one-day century by an Australian and an unfulfilled World XI batting challenge in the second one-dayer here on Friday.
Published 08 Oct, 2005 12:00am
Gay men can be Catholic priests if celibate

Gay men can be Catholic priests if celibate

The Vatican will allow gay men into the priesthood if they can show they have been celibate for at least three years, leading Italian newspaper Corriere della Sera reported on Friday.
Published 08 Oct, 2005 12:00am
Annan will recommend start of Kosovo talks

Annan will recommend start of Kosovo talks

UN Secretary-General Kofi Annan said he would recommend later on Friday that talks begin "very soon" on the majority Albanian province of Kosovo and acknowledged that independence from Serbia was an option.
Published 08 Oct, 2005 12:00am
Uganda names wanted rebels, urges Sudan to act

Uganda names wanted rebels, urges Sudan to act

Uganda named five rebel commanders sought by the International Criminal Court (ICC), including Lord's Resistance Army leader Joseph Kony, whose cult-like group kidnaps, rapes and kills children.
Published 08 Oct, 2005 12:00am
Bali bombing suspect eludes police

Bali bombing suspect eludes police

One of the most wanted men in Asia and a prime suspect in the suicide bombings on Bali was on the Indonesian resort island shortly before last weekend's deadly blasts, a police official said on Friday.
Published 08 Oct, 2005 12:00am
Death toll hits 218 from Central American storms

Death toll hits 218 from Central American storms

Rescuers fought through crumbling mountains and waterlogged plains on Friday to try to reach survivors of landslides and floods that have killed at least 218 people in Central America and Southern Mexico.
Published 08 Oct, 2005 12:00am
Taiwan president sees no rush for China talks

Taiwan president sees no rush for China talks

Taiwan President Chen Shui-bian declared on Friday he would not be rushed into talks with China, saying it was vital to preserve the island's sovereign status.
Published 08 Oct, 2005 12:00am
Britain and France vow to work for EU harmony

Britain and France vow to work for EU harmony

The leaders of Britain and France promised on Friday to try to put aside their differences to help bring harmony to the European Union in troubled times, but signalled no progress on a row over the EU budget.
Published 08 Oct, 2005 12:00am
25 die in two bus crashes in India

25 die in two bus crashes in India

At least 25 people, including women and children, were killed in two separate bus crashes Friday in the northern Indian state of Himachal Pradesh, police said.
Published 08 Oct, 2005 12:00am
Taleban vow to continue holy war

Taleban vow to continue holy war

Four years after US forces launched their offensive to overthrow the Taleban, the guerrillas vowed on Friday to continue their holy war to rid Afghanistan of foreign troops.
Published 08 Oct, 2005 12:00am
US troops kill four Afghan cops with 'friendly fire'

US troops kill four Afghan cops with 'friendly fire'

US troops killed four Afghan policemen and wounded another after mistaking them for militants during an operation in southern Afghanistan in which two Afghan soldiers died, officials said on Friday.
Published 08 Oct, 2005 12:00am
Centre wrong to dissolve Bihar assembly: Supreme Court

Centre wrong to dissolve Bihar assembly: Supreme Court

India's highest court ruled on Friday that a government decision to dissolve the legislature in the eastern state of Bihar was unconstitutional, but it stopped short of overturning the move.
Published 08 Oct, 2005 12:00am
Russia to build military airbase in Tajikistan

Russia to build military airbase in Tajikistan

Russia is to build an airbase outside the Tajik capital Dushanbe, officials said on Friday, in the latest sign of Moscow seeking to build up its military presence in ex-Soviet Central Asia.
Published 08 Oct, 2005 12:00am
Security scare in major New York transport hub

Security scare in major New York transport hub

Police in bio-hazard suits partially cordoned off one of New York's main transport hubs Friday, fraying public nerves already on edge following the threat of a terrorist attack on the city's subway system.
Published 08 Oct, 2005 12:00am
Senate clears $445 billion for defence

Senate clears $445 billion for defence

The US Senate cleared a $445 billion bill to fund the Pentagon on Friday which includes another $50 billion for the Iraq war, after rebuking the Bush administration for abuse of detainees at Abu Ghraib prison and elsewhere.
Published 08 Oct, 2005 12:00am
US warns Balkan leaders

US warns Balkan leaders

The United States issued a tough warning to Serbia and Croatia Friday saying that it would block their bid to join Nato and threatening financial sanctions unless indicted war crimes suspects are handed over.
Published 08 Oct, 2005 12:00am
Indian rupee hits 10-month low

Indian rupee hits 10-month low

The rupee fell to a fresh 10-month closing low on Friday as foreign investors took advantage of an arbitrage opportunity between the offshore and onshore forward market to buy dollars, dealers said.
Published 08 Oct, 2005 12:00am
Sterling falls against euro

Sterling falls against euro

Sterling fell to its lowest level in two months against the euro on Friday as weak British data raised prospects the Bank of England will cut the cost of borrowing sooner rather than later, after leaving it steady on Thursday.
Published 08 Oct, 2005 12:00am
Dollar remains weak in London

Dollar remains weak in London

The dollar hovered near a two-week low versus the euro on Friday as investors braced for US non-farm payrolls data and mulled the prospects for higher euro zone interest rates sooner rather than later.
Published 08 Oct, 2005 12:00am
Bonds: telecoms remain in focus

Bonds: telecoms remain in focus

Telecoms remained in focus in the corporate bond market on Friday as fears built over a debt-heavy buyout of Denmark's TDC and Britain's Cable & Wireless forecast of falling revenues.
Published 08 Oct, 2005 12:00am
Bonds: telecoms remain in focus

Bonds: telecoms remain in focus

Telecoms remained in focus in the corporate bond market on Friday as fears built over a debt-heavy buyout of Denmark's TDC and Britain's Cable & Wireless forecast of falling revenues.
Published 08 Oct, 2005 12:00am
Indian stocks fall

Indian stocks fall

The Mumbai stock exchange closed down 0.44 percent at 8,491.56 Friday in volatile trade amid sustained regional weakness triggered by interest rate concerns in the United States, dealers said.
Published 08 Oct, 2005 12:00am
US Stocks: Friday's unofficial close

US Stocks: Friday's unofficial close

US stocks rose slightly on Friday as investors took heart in a report that the economy shed fewer jobs than expected in September. Blue chip gainers included oil company Exxon Mobil Corp and heavy equipment maker Caterpillar Inc.
Published 08 Oct, 2005 12:00am
Britain's top share index dips as miners slide

Britain's top share index dips as miners slide

Britain's FTSE 100 index closed lower on Friday to end the week more than 2 percent below Monday's 4-year record high, led by telecoms firm Cable & Wireless after it delivered a sales warning
Published 08 Oct, 2005 12:00am
US corn hybrids soften drought impact on yields

US corn hybrids soften drought impact on yields

Corn crops in Illinois and other drought-hit Midwest states have fared better than expected this summer, showcasing the resilience of hybrid varieties, which have come a long way from the drought of 1988, experts said.
Published 08 Oct, 2005 12:00am
EU wheat breaks US link, looks to Black Sea

EU wheat breaks US link, looks to Black Sea

Europe's wheat market is paying less attention to more volatile US prices as tough competition from Russia and Ukraine this season has shifted its focus to cheaper shipments from the Black Sea, analysts said on Friday.
Published 08 Oct, 2005 12:00am
Oil ends slide, weighs lower demand

Oil ends slide, weighs lower demand

Oil prices ended a slide on Friday as the market sought to balance weakening fuel demand in the world's top consumer, the United States, against lost supplies of gasoline and heating oil from US and French refiners.
Published 08 Oct, 2005 12:00am
Argentina to plant GMO crops

Argentina to plant GMO crops

Argentina has no plans to back down from growing genetically modified crops despite its row with US biotech giant Monsanto over royalty payments for patented soybeans, its agriculture secretary said on Friday.
Published 08 Oct, 2005 12:00am
New York cotton settles mixed

New York cotton settles mixed

Cotton futures finished mixed Friday in thin trade as market players sat back to wait for the release next week of a key government crop report, brokers said. The New York Board of Trade's key December cotton contract eased 0.12 cent to end at 53.63 cents
Published 08 Oct, 2005 12:00am
London coffee descends

London coffee descends

Liffe coffee futures fell on Friday after London's failure to gain support from the New York market dented confidence and sparked technical selling, dealers said.
Published 08 Oct, 2005 12:00am
Copper ends robust, around new high

Copper ends robust, around new high

Copper ended a week of almost uninterrupted gains on the London Metal Exchange (LME) firmly esconced at record levels above $3,900, amid continued fund buying sparked by supply worries and falling stocks.
Published 08 Oct, 2005 12:00am
European gold near 18-year high

European gold near 18-year high

Gold climbed to a new near 18-year high level in Europe on Friday as funds continued to buy amid worries about inflation and US economic growth, dealers said.
Published 08 Oct, 2005 12:00am
US MIDDAY: coffee jumps on speculative buying

US MIDDAY: coffee jumps on speculative buying

US coffee futures ended at their loftiest prices in a month, buoyed by a late spurt of speculative buying, traders said. The New York Board of Trade's December arabica contract rose 1.35 cents to settle at 94.85 cents a lb, after trading from 92.80 to 95
Published 08 Oct, 2005 12:00am
US MIDDAY: cocoa slips on speculative selling

US MIDDAY: cocoa slips on speculative selling

US cocoa futures prices slid nearly 2 percent Friday, pressured by accelerated speculative selling when the benchmark contract moved below the previous session's bottom trade, market sources said.
Published 08 Oct, 2005 12:00am
US MIDDAY: sugar quietly higher on trade buying

US MIDDAY: sugar quietly higher on trade buying

Raw sugar prices finished higher Friday on speculative and trade buying and the sweetener will be waiting for leads to provide inspiration for its next move, brokers said.
Published 08 Oct, 2005 12:00am
US MIDDAY: corn sags on export sales

US MIDDAY: corn sags on export sales

Corn futures at the Chicago Board of Trade sagged quietly early on Friday ahead of an expected active weekend for harvesting the US corn crop, traders said. At 10:24 am CDT (1524 GMT), CBOT corn was down 1/2 to 1 cent, with December down 3/4 at $2.03-1/2
Published 08 Oct, 2005 12:00am
US MIDDAY: wheat lower on technical selling

US MIDDAY: wheat lower on technical selling

Wheat futures on the Chicago Board of Trade were lower at midmorning on Friday on technical selling by funds and a lack of supportive news, traders said.
Published 08 Oct, 2005 12:00am
US MIDDAY: copper at new highs on fund buying

US MIDDAY: copper at new highs on fund buying

US copper futures raced to new record highs in light volume Friday, in step with new highs in London, as funds continued to buy the market with little motivation to sell at these higher levels, sources said.
Published 08 Oct, 2005 12:00am
US MIDDAY: soyabeans firmer on technical buying

US MIDDAY: soyabeans firmer on technical buying

Soybean futures at the Chicago Board of Trade were firm early on Friday on follow-through technical buying after the firm close on Thursday, traders said.
Published 08 Oct, 2005 12:00am
US MIDDAY: gold higher on speculator buying

US MIDDAY: gold higher on speculator buying

US gold futures hit a fresh one-week high early on Friday, reversing earlier losses, as jitters over economic factors and a threat of attacks in New York subways prompted speculator buying, trade sources said.
Published 08 Oct, 2005 12:00am
Humid weather to persist

Humid weather to persist

The warm and humid weather spell in Karachi and dry hot weather in rest of the region would prevail on Saturday, Met office said. Maximum temperature in the city is expected to range between 32 to 34 degree Celsius.
Published 08 Oct, 2005 12:00am
Man jailed for kidnapping, killing

Man jailed for kidnapping, killing

Administrative judge of anti-terrorism courts in Karachi on Friday sent a man, facing kidnapping and killing charges, to jail directing investigation officer to submit charge sheet against him on October 14, 2005.
Published 08 Oct, 2005 12:00am
Panel report on 'WTO challenges' to be presented in Senate today

Panel report on 'WTO challenges' to be presented in Senate today

The Senate Special Committee report on 'Challenges of WTO and Strategy' will be presented in the Upper House on Saturday, October 8. According to a government handout, the report discusses the challenges and implications and impact of various agreements u
Published 08 Oct, 2005 12:00am
PPPBMA office-bearers

PPPBMA office-bearers

Kamran Khan, Chief Executive, Flying Paper Industries, Lahore, has been elected as Chairman of Pakistan Pulp Paper & Board Mills Association (PPPBMA) for the year 2005-06.
Published 08 Oct, 2005 12:00am
Robbers gang leader held after encounter

Robbers gang leader held after encounter

Anti-Dacoity and Robbery Cell (ADRC), in an encounter, arrested an alleged robbers' gang leader with arms besides arresting an accused on charges of mobile snatching at gun point, said a statement of ADRC here on Friday.
Published 08 Oct, 2005 12:00am
Magistrates empowered to check profiteering

Magistrates empowered to check profiteering

Caretaker City Government Fazlur Rehman has issued directives for ensuring the availability of essential items and eatables at government fixed prices.
Published 08 Oct, 2005 12:00am
Century-old CHK needs major repair, master plan: MS

Century-old CHK needs major repair, master plan: MS

Civil Hospital Karachi is in dire need of major repair besides a master plan to bring an end to persisting problems like shortage of water, sanitation and electricity outage etc.
Published 08 Oct, 2005 12:00am
Ishrat Hussain should stay

Ishrat Hussain should stay

The recent news in the press that Governor, State Bank of Pakistan Dr Ishrat Hussain will retire in December, 2005 after completion of over 5 years contract period is most disconcerting.
Published 08 Oct, 2005 12:00am
Welcome democracy!

Welcome democracy!

The previous LG elections like the present one were supposed to be party less and as such not many political parties had taken them seriously so much so some had even boycotted them.
Published 08 Oct, 2005 12:00am
China's wealth gap reaching critical level

China's wealth gap reaching critical level

Eight years ago, Chen Hua thought she'd put poverty behind her when she left her remote, mountain village in Sichuan province for a factory job in China's booming Pearl River Delta.
Published 08 Oct, 2005 12:00am
Nuclear power in sharp focus in energy debate

Nuclear power in sharp focus in energy debate

The nuclear power industry is quietly confident that the world is about to beat a path to its door in an increasingly desperate search for "clean" energy that doesn't heat up the planet.
Published 08 Oct, 2005 12:00am
Value dynamics of management

Value dynamics of management

A Value Based Management is concerned with the use of accounting information within organisations so as to facilitate decision making and management control function. It constitutes the analysis of financial and allied operating data in order to help mana
Published 08 Oct, 2005 12:00am
Revamp of the oil pricing mechanism

Revamp of the oil pricing mechanism

Coming amid mounting disillusionment with the country's oil pricing mechanism, more so in the wake of the recent record increase in prices, it is really encouraging to learn that at long last the government has deemed it expedient to revamp the pricing me
Published 08 Oct, 2005 12:00am
Pakistan-India joint statement

Pakistan-India joint statement

The statement issued in Islamabad on Tuesday at the end of the second round of Pakistan-India Foreign Ministers' review of the Composite Dialogue shows satisfactory progress towards normalisation, though those looking for dramatic developments on the core
Published 08 Oct, 2005 12:00am
OUP acquires Oceana publications

OUP acquires Oceana publications

Oxford University Press has acquired the assets of US-based law publisher Oceana Publications Inc (Oceana), says an OUP release issued here on Friday. Oceana is a specialist legal publisher with particular strengths in the fields of international law and
Published 08 Oct, 2005 12:00am
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