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Print - 2005-10-28
SBP designs stress-testing framework

SBP designs stress-testing framework

The State Bank of Pakistan (SBP) has designed a stress-testing framework for banks and DFIs to proactively manage risks. For this purpose, and to ensure consistency, a set of guidelines for banks and DFIs have been prepared by the central bank.
Published 28 Oct, 2005 12:00am
US MIDDAY: cocoa softer on December contract

US MIDDAY: cocoa softer on December contract

US nearby cocoa futures finished in negative territory Thursday, weighed down as a flood of beans arrive at ports in top cocoa producer Ivory Coast for export, traders said.
Published 28 Oct, 2005 12:00am
Platinum metals surge on fund buying, gold firm

Platinum metals surge on fund buying, gold firm

Platinum group metals scaled new highs in Europe on Thursday with speculative fund buyers showing renewed interest in the precious metals, while gold edged towards a recent multi-year peak. Palladium, used mainly to clean gasoline car exhaust fumes, gaine
Published 28 Oct, 2005 12:00am
Copper ends lower in edgy trade, others gain

Copper ends lower in edgy trade, others gain

London Metal Exchange (LME) three months copper ended slightly lower in price on Thursday, as the market extended a volatile performance of late ahead of options declarations next week, dealers said. The market bounced between a high and low of $3,956 and
Published 28 Oct, 2005 12:00am
London cocoa market dips on West African hedging

London cocoa market dips on West African hedging

London cocoa prices flagged on Thursday under light pressure from West African hedging but unease about potential political agitation in Ivory Coast stemmed losses, traders said. The market was warily eyeing Ivory Coast, fearing unrest at the weekend when
Published 28 Oct, 2005 12:00am
New York cotton ends lower

New York cotton ends lower

Cotton futures reeled in the face of abysmal US cotton sales from fund selling to end Thursday at a one-month low, with operators saying the weak tone may lead to further losses in the days ahead, brokers said.
Published 28 Oct, 2005 12:00am
Turkish wheat price falls

Turkish wheat price falls

Turkish wheat prices fell this week with the start of sales under a state grain scheme but barley prices increased due to supply shortage, traders said on Thursday.
Published 28 Oct, 2005 12:00am
Oil rises over $61 as oil firms profit

Oil rises over $61 as oil firms profit

Oil firmed above $61 on Thursday as two of the world's biggest oil firms, Exxon Mobil Corp and Royal Dutch Shell Plc., raked in record profits from red-hot prices and drew sharp words from US Energy Secretary Sam Bodman.
Published 28 Oct, 2005 12:00am
Coal challenges gas as fuel option for power

Coal challenges gas as fuel option for power

Dirty, yet abundant and easily shipped, coal is starting to challenge natural gas as the fuel of choice for new power plants. This is because coal prices are relatively cheaper and not so volatile, industry executives and experts say.
Published 28 Oct, 2005 12:00am
WCE canola ends lower

WCE canola ends lower

Winnipeg Commodity Exchange canola futures ended lower on Thursday, setting contract lows for a second straight day amid light fund selling and weakness in Chicago soybeans, traders said.
Published 28 Oct, 2005 12:00am
FTSE falls as earnings reports disappoint

FTSE falls as earnings reports disappoint

Britain's FTSE 100 closed lower on Thursday with shares in news and information group Reuters hitting a one-year low and drugs firm AstraZeneca falling after investors found fault with the companies' third-quarter trading updates.
Published 28 Oct, 2005 12:00am
Seoul shares slip

Seoul shares slip

Seoul shares fell on Thursday for a third consecutive session, as worries over US interest rates hit export-dependant technology firms, but Hyundai Motor rose after it delivered a positive outlook for the fourth quarter.
Published 28 Oct, 2005 12:00am
US Stocks: Thursday's unofficial close

US Stocks: Thursday's unofficial close

Weakness in semiconductor stocks dragged the technology-laced Nasdaq Composite index down 1 percent on Thursday, while news that General Motors Corp had been subpoenaed by US regulators weighed on blue chips.
Published 28 Oct, 2005 12:00am
Indian shares close down

Indian shares close down

Indian share prices closed sharply lower on Thursday as funds sold blue chip companies in line with the end of the October futures contract, dealers said.
Published 28 Oct, 2005 12:00am
Dollar retreats from two-year high versus yen

Dollar retreats from two-year high versus yen

The dollar fell from a two-year high against the yen on Thursday, as investors grew wary that an investigation into accounting practices at automaker General Motors could undermine confidence in the US economy.
Published 28 Oct, 2005 12:00am
Pound hits one-month peak versus dollar

Pound hits one-month peak versus dollar

Sterling hit its highest level in a month against the dollar on Thursday as the greenback struggled against investor concern about embattled US automaker General Motors and lacklustre US data.
Published 28 Oct, 2005 12:00am
Indian rupee ends lower

Indian rupee ends lower

The rupee eased after opening firm on Thursday, weighed down as local stocks declined and companies stepped up dollar purchases for month-end payments.
Published 28 Oct, 2005 12:00am
UK date set for Da Vinci Code plagiarism trial

UK date set for Da Vinci Code plagiarism trial

Two historians are suing the publishers of Dan Brown's best-selling religious thriller "The Da Vinci Code" in a case which lawyers said on Thursday was due to start early next year.
Published 28 Oct, 2005 12:00am
Dozens perish as drought takes hold in Somalia

Dozens perish as drought takes hold in Somalia

A severe drought in western and southern Somalia has killed dozens of people, hundreds of livestock and raised fears of an outbreak of disease after seasonal rains failed, a minister said on Thursday.
Published 28 Oct, 2005 12:00am
Belgium strike

Belgium strike

Belgium is readying itself for a second nation-wide strike in less than a month on Friday as workers down tools and march on the capital to protest government plans to raise the early retirement age.
Published 28 Oct, 2005 12:00am
2,000 firms paid oil-for-food kickbacks: UN report

2,000 firms paid oil-for-food kickbacks: UN report

More than 2,000 of the foreign companies that did business with Iraq in the UN oil-for-food programme made illicit payments to Saddam Hussein's government, a report on the programme said on Thursday.
Published 28 Oct, 2005 12:00am
Bush Supreme Court pick bows out

Bush Supreme Court pick bows out

Embattled US President George W. Bush, in a serious political defeat, announced Thursday he had abandoned efforts to get longtime aide Harriet Miers confirmed to the US Supreme Court.
Published 28 Oct, 2005 12:00am
Maldives tries main opposition leader

Maldives tries main opposition leader

The Maldives put its main opposition leader on trial for treason on Thursday, days after jailing another government opponent on terrorism charges in cases human rights activists slammed as politically motivated.
Published 28 Oct, 2005 12:00am
India aims to develop new weapons with Russia

India aims to develop new weapons with Russia

India wants to collaborate with Russia in developing new weapons, Indian Foreign Minister Natwar Singh said Thursday during a visit to Moscow. We should aim at joint action in military matters and the creation of new weapons, Singh told students during a
Published 28 Oct, 2005 12:00am
Eleven killed in fire at jail at Amsterdam airport

Eleven killed in fire at jail at Amsterdam airport

A fire killed 11 people and injured 15 at a detention centre at Amsterdam's Schiphol airport housing suspected drugs traffickers and illegal immigrants early on Thursday, Dutch police said.
Published 28 Oct, 2005 12:00am
Iran's policy unchanged toward Israel: officials

Iran's policy unchanged toward Israel: officials

Iranian President Mahmoud Ahmadinejad's call for Israel to be "wiped off the map" does not signal the start of a more aggressive stance toward Israel by Tehran, officials and analysts said on Thursday.
Published 28 Oct, 2005 12:00am
UN payouts for Gulf War claims top $20 billion

UN payouts for Gulf War claims top $20 billion

The United Nations on Thursday paid out a further $654 million to people, companies and countries who demonstrated losses due to Iraq's 1990-91 invasion and occupation of Kuwait, taking total payments to $20 billion.
Published 28 Oct, 2005 12:00am
Egypt's al-Azhar bans book on Islam

Egypt's al-Azhar bans book on Islam

Egypt's religious authorities have banned a book about a puritanical brand of Islam on the grounds that it is offensive to the faith, the university co-publishing the work said Thursday.
Published 28 Oct, 2005 12:00am
European students launch satellite into space

European students launch satellite into space

Students from more than 20 universities across Europe have designed, built and on Thursday launched their own satellite into space. The SSETI Express satellite is about the size of a standard washing machine and was shot into space by a Russian launcher f
Published 28 Oct, 2005 12:00am
50 feared dead in Philippine mine collapse

50 feared dead in Philippine mine collapse

About 50 people were feared dead in the Philippines when a tunnel in a gold mine collapsed after a blast, police said on Thursday. Police said they had pulled out five dead bodies after the accident in the Mount Diwalwal region on the southern Mindanao is
Published 28 Oct, 2005 12:00am
Darfuris urge rebel leaders to unite, make peace

Darfuris urge rebel leaders to unite, make peace

Refugees from Darfur's bloody 2-1/2 year conflict urged rebel leaders to use an upcoming meeting to end their bickering and get on with the task of making peace with Sudan's Khartoum-based government.
Published 28 Oct, 2005 12:00am
UN urges India and Jordan for Ethiopia-Eritrea peace force

UN urges India and Jordan for Ethiopia-Eritrea peace force

The United Nations has urged India and Jordan, the top contributors to the UN peacekeeping force in Ethiopia and Eritrea, not to withdraw their troops over restrictions imposed by Asmara, officials said Thursday.
Published 28 Oct, 2005 12:00am
Berlusconi faces possible Milan trial

Berlusconi faces possible Milan trial

A Milan court will start hearings on Friday to decide whether to indict Italian Prime Minister Silvio Berlusconi and 13 others in a probe over alleged fraud at broadcaster Mediaset.
Published 28 Oct, 2005 12:00am
CIA leak prosecutor prepares for Friday decision

CIA leak prosecutor prepares for Friday decision

With the fate of at least two top White House advisers hanging in the balance, special counsel Patrick Fitzgerald appeared set to announce his decision on Friday on criminal charges over the outing of covert CIA operative Valerie Plame, lawyers said.
Published 28 Oct, 2005 12:00am
China's former vice president dies

China's former vice president dies

Former Chinese vice president and "red capitalist" Rong Yiren, who created the country's top financial conglomerate, has died in Beijing, the official Xinhua news agency said on Thursday. He was 89. He died on Wednesday night.
Published 28 Oct, 2005 12:00am
England to make early start to Tests

England to make early start to Tests

Pakistan and England will make early starts to their first two Tests next month in Multan and Faisalabad to overcome weather-related problems.
Published 28 Oct, 2005 12:00am
Bracken ousts Hodge in 12-man Australian team

Bracken ousts Hodge in 12-man Australian team

Left-arm seamer Nathan Bracken was on Thursday named in a 12-man Australian squad for the opening cricket Test against the West Indies starting at the Gabba in Brisbane on November 3.
Published 28 Oct, 2005 12:00am
Atwal follows Woods lead in bid for maiden US title

Atwal follows Woods lead in bid for maiden US title

India's Arjun Atwal has adopted the training methods of world number one Tiger Woods in his quest to claim a maiden PGA Tour title in 2006. Atwal, 32, became the first Indian to qualify for the USPGA Tour in 2004 and claimed four top 10 finishes this seas
Published 28 Oct, 2005 12:00am
Coria crumples against battling Belgian qualifier

Coria crumples against battling Belgian qualifier

Qualifier Kristof Vliegen threw a spanner into Guillermo Coria's plans for season-ending Masters Cup qualification with a 7-6 (7/0), 7-5 second round upset on Thursday at the 829,000-euro Swiss Indoors.
Published 28 Oct, 2005 12:00am
Football legend Best 'fighting for his life'

Football legend Best 'fighting for his life'

Troubled football legend George Best is desperately ill in hospital and has sent farewell messages to loved ones, a British newspaper said on Thursday. Earlier, his ex-wife Alex Best said that her former husband's condition had "deteriorated dramatically"
Published 28 Oct, 2005 12:00am
Hinds breaks finger out of 1st Test

Hinds breaks finger out of 1st Test

West Indies batsman Wavell Hinds has broken the little finger on his left hand and will miss the first Test against Australia starting on November 3. Hinds broke the finger while fielding on the first day of West Indies' tour match against Queensland in B
Published 28 Oct, 2005 12:00am
Garcia wants it both ways on tour

Garcia wants it both ways on tour

Sergio Garcia has reaffirmed his ambition to win both the US and European PGA Tours in the same year, a feat never achieved before. The 25-year-old Spaniard is well off that mark this year, lying ninth in the European Order of Merit going into the season-
Published 28 Oct, 2005 12:00am
Scott confirmed for Aussie Masters golf

Scott confirmed for Aussie Masters golf

Australia's top-ranked golfer Adam Scott was Thursday confirmed to play in the Australian Masters tournament at Huntingdale in Melbourne in December.
Published 28 Oct, 2005 12:00am
Asian currencies recoup some losses as yen rallies

Asian currencies recoup some losses as yen rallies

A sharp fall in the US dollar from two-year highs against the yen on Thursday prompted Asian currencies to pare their losses, with the Korean won and the Taiwan dollar almost reversing early declines.
Published 28 Oct, 2005 12:00am
Hong Kong dollar edges higher

Hong Kong dollar edges higher

The Hong Kong dollar firmed slightly against the US dollar on Thursday, while short-dated interbank rates were trapped in narrow ranges after opening softer. The local currency was trading at 7.7538/40 per US dollar, compared with 7.7545/47 in late Asian
Published 28 Oct, 2005 12:00am
Bangladesh interbank forex, interest rates

Bangladesh interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Thursday. 65.75 (previous 65.75). Call Money Rates: 5.25-12.00 percent (previous 5.00-12.00 percent).
Published 28 Oct, 2005 12:00am
Dollar rebounds as markets focus on US bond yields

Dollar rebounds as markets focus on US bond yields

The dollar rallied on Wednesday on a day devoid of significant US economic data, as investors focused on higher US Treasury bond yields, which enhanced the attractiveness of dollar-denominated assets,
Published 28 Oct, 2005 12:00am
Swiss franc regains ground as dollar falters

Swiss franc regains ground as dollar falters

The Swiss franc gained against the US dollar in early European trade on Thursday, after a rally in the greenback, driven higher by surging yields in longer-dated US treasuries, faltered.
Published 28 Oct, 2005 12:00am
Chinese yuan closes at post-reval high

Chinese yuan closes at post-reval high

China's yuan finished on Thursday at a post-revaluation closing high to the dollar, after the country's top economic agency forecast a slight appreciation of the currency. The yuan, which was revalued by 2.1 percent on July 21 to 8.11 per dollar, closed a
Published 28 Oct, 2005 12:00am
Jakarta shares up

Jakarta shares up

Indonesian share prices closed 0.14 percent higher on Thursday, supported by gains in select stocks such as cigarette maker Gudang Garam, dealers said.
Published 28 Oct, 2005 12:00am
Malaysian shares flat

Malaysian shares flat

Malaysian share prices closed flat on Thursday in listless trade, with most investors reluctant to take any fresh positions ahead of public holidays next week, dealers said.
Published 28 Oct, 2005 12:00am
Chile stocks soar

Chile stocks soar

Chile stocks rose in listless trade on Wednesday led by LAN Airlines and Falabella as investors awaited quarterly earnings. The IPSA blue chip index rose 0.49 percent to 2,104.42 points while the broader IGPA index climbed 0.23 percent at 9,893.53, prelim
Published 28 Oct, 2005 12:00am
Tokyo shares slightly firmer as Advantest sinks

Tokyo shares slightly firmer as Advantest sinks

Tokyo's Nikkei share average closed 0.16 percent higher on Thursday, trimming early gains as caution ahead of a slew of tech earnings and concerns about the financial health of General Motors Corp hit index futures.
Published 28 Oct, 2005 12:00am
Thai share prices finish with little changes

Thai share prices finish with little changes

Thai share prices closed flat on Thursday, as technical gains in energy stocks were offset by concerns over the latest violence in the troubled south of the country, which put off foreign investors, dealers said.
Published 28 Oct, 2005 12:00am
Singapore shares close 1.21 percent lower

Singapore shares close 1.21 percent lower

Singapore share prices closed 1.21 percent lower on Thursday on profit-taking after some companies reported strong results, dealers said. The Straits Times Index fell 26.89 points to 2,201.90.
Published 28 Oct, 2005 12:00am
Philippines shares climb

Philippines shares climb

Philippines share prices closed 0.36 percent higher on Thursday as investors chased stocks likely to report strong results for the three months to September, dealers said.
Published 28 Oct, 2005 12:00am
US stocks end down as bond yields jump

US stocks end down as bond yields jump

US stocks fell on Wednesday as the benchmark bond yield hit the highest level in seven months on reignited concerns about inflation and interest rates, while a profit miss by Amazon.com Inc and Boeing Co disappointed investors.
Published 28 Oct, 2005 12:00am
Hong Kong shares decline

Hong Kong shares decline

Hong Kong stocks ended 0.5 percent lower on Thursday, with China Construction Bank ending flat in its trading debut amid weak market conditions after the lender completed the world's biggest IPO in four years.
Published 28 Oct, 2005 12:00am
Chinese shares mostly flat

Chinese shares mostly flat

China's shares closed mostly flat on Thursday, one day after the key index dipped below a crucial support level which spurred technical buying in large caps. The benchmark Shanghai composite index closed 0.06 percent higher at 1,097.782 points.
Published 28 Oct, 2005 12:00am
Tech shares drag Taiwan index to one-year closing low

Tech shares drag Taiwan index to one-year closing low

Taiwan's main share index fell to its lowest close in a year on Thursday, weighed by a sharp drop in heavyweight microchip maker UMC after it reported an 80 percent decline in third-quarter profit.
Published 28 Oct, 2005 12:00am
Sony second quarter profit rises 52 percent

Sony second quarter profit rises 52 percent

Electronics maker Sony Corp said on Thursday its quarterly operating profit rose 52 percent as a big pension gain outweighed losses in its movie and TV operations, but it said it still expected a full-year loss.
Published 28 Oct, 2005 12:00am
Sony second quarter profit rises 52 percent

Sony second quarter profit rises 52 percent

Electronics maker Sony Corp said on Thursday its quarterly operating profit rose 52 percent as a big pension gain outweighed losses in its movie and TV operations, but it said it still expected a full-year loss.
Published 28 Oct, 2005 12:00am
France axes Areva privatisation

France axes Areva privatisation

France dropped plans on Thursday to sell part of energy group Areva, the world's largest builder of nuclear power reactors, in a surprise move on the eve of the controversial sale of shares in power utility EDF.
Published 28 Oct, 2005 12:00am
'Slowing' world trade to grow 7 percent in 2006: WTO

'Slowing' world trade to grow 7 percent in 2006: WTO

Global goods trade will grow slightly more in 2006 than this year, World Trade Organisation economists predicted on Thursday, but the WTO chief voiced concern at an overall trend towards lower growth.
Published 28 Oct, 2005 12:00am
Bird flu drugmaker halts US supplies as fear mounts

Bird flu drugmaker halts US supplies as fear mounts

Drug maker Roche halted supplies of its antiviral drug to the United States to head off hoarding by consumers fearing bird flu, as another firm, and Vietnam, said they were preparing to make their own medicines.
Published 28 Oct, 2005 12:00am
Sweeping poultry bans unjustified: UN

Sweeping poultry bans unjustified: UN

A United Nations agency warned on Thursday against pre-emptive bans of poultry imports to ward off a possible bird flu outbreak, saying they were unnecessary and destructive to world trade.
Published 28 Oct, 2005 12:00am
ECB keeps alarms ringing on inflation dangers

ECB keeps alarms ringing on inflation dangers

European Central Bank policymakers kept the alarm bells ringing over inflationary dangers in the euro zone on Thursday, pointing to masses of cheap cash and costly energy.
Published 28 Oct, 2005 12:00am
US durable goods orders plunge, jobless claims fall

US durable goods orders plunge, jobless claims fall

New orders for US-made durable goods sank an unexpectedly deep 2.1 percent last month as aircraft orders plunged, but even non-transportation orders dropped 1 percent, a government report showed on Thursday.
Published 28 Oct, 2005 12:00am
Chirac threat clouds harmony at EU summit

Chirac threat clouds harmony at EU summit

EU leaders battled to present a united front Thursday on how to revive Europe's flagging fortunes, but clear strains remained over a British-led reform drive and thorny EU budget plans.
Published 28 Oct, 2005 12:00am
World's biggest banks post excellent results for 2004

World's biggest banks post excellent results for 2004

The net earnings of the world's biggest banks rose by a third last year, due to large amounts of loans and a drop in the cost of risk, according to a Bank of France study published Thursday.
Published 28 Oct, 2005 12:00am
Doha trade round success would be major positive: IMF

Doha trade round success would be major positive: IMF

The International Monetary Fund hopes for a successful conclusion of world trade talks on agriculture, which would bring "tremendously positive" effects for the global economy and poor nations, an IMF spokesman said on Thursday.
Published 28 Oct, 2005 12:00am
Glaxo offers free licences on flu drug

Glaxo offers free licences on flu drug

GlaxoSmithKline Plc is offering free licences to partners able to manufacture its flu drug Relenza, one of two medicines recommended by health experts for use in the event of a bird flu pandemic.
Published 28 Oct, 2005 12:00am
Economy can grow beyond 8 percent: Manmohan

Economy can grow beyond 8 percent: Manmohan

India's economy is poised to grow at over 7 percent this financial year and the economic environment is conducive for more than 8 percent growth in the long term, Prime Minister Manmohan Singh said on Thursday.
Published 28 Oct, 2005 12:00am
Exxon Mobil quarterly profit $9.9 billion

Exxon Mobil quarterly profit $9.9 billion

Exxon Mobil Corp on Thursday posted a quarterly profit of $9.9 billion, the largest in US corporate history, as it raked in a bonanza from record oil and gas prices.
Published 28 Oct, 2005 12:00am
Exxon Mobil quarterly profit $9.9 billion

Exxon Mobil quarterly profit $9.9 billion

Exxon Mobil Corp on Thursday posted a quarterly profit of $9.9 billion, the largest in US corporate history, as it raked in a bonanza from record oil and gas prices.
Published 28 Oct, 2005 12:00am
Malaysian palm oil up on India's duty talk

Malaysian palm oil up on India's duty talk

Malaysian crude palm oil futures rose more than one percent on Thursday, spurred by talk that India could reduce duties for some palm oil products. A rebound in US soyaoil lifted sentiment, dealers said.
Published 28 Oct, 2005 12:00am
Asian rubber trade stalls as futures market falls

Asian rubber trade stalls as futures market falls

Physical rubber trading in Asia ground to a halt on Thursday, with sellers holding back and buyers sidelined looking for prices to fall further as Tokyo futures extended losses across the board, dealers said.
Published 28 Oct, 2005 12:00am
Seven Palestinians killed in Israeli air strike

Seven Palestinians killed in Israeli air strike

At least seven Palestinians were killed and 13 wounded late Thursday in an Israeli air strike in northern Gaza, hospital and security sources told AFP. The blast occurred when three Israeli missiles slammed into a white Subaru travelling between Jabaliya
Published 28 Oct, 2005 12:00am
CBOT rice falls

CBOT rice falls

Rough rice futures at the Chicago Board of Trade fell to a one-month low on Wednesday as a slue of sell-stops were triggered late in the session, traders said.
Published 28 Oct, 2005 12:00am
Seven Palestinians killed in Israeli air strike

Seven Palestinians killed in Israeli air strike

At least seven Palestinians were killed and 13 wounded late Thursday in an Israeli air strike in northern Gaza, hospital and security sources told AFP. The blast occurred when three Israeli missiles slammed into a white Subaru travelling between Jabaliya
Published 28 Oct, 2005 12:00am
Soyabeans slide as drop in soya oil weighs

Soyabeans slide as drop in soya oil weighs

Soyabean futures at the Chicago Board of Trade fell on Wednesday, setting back from this week's technical bounce with weakness in soyaoil contributing to the sell-off, traders said.
Published 28 Oct, 2005 12:00am
SBP designs stress-testing framework

SBP designs stress-testing framework

The State Bank of Pakistan (SBP) has designed a stress-testing framework for banks and DFIs to proactively manage risks. For this purpose, and to ensure consistency, a set of guidelines for banks and DFIs have been prepared by the central bank.
Published 28 Oct, 2005 12:00am
Asian sugar delayed harvest puts shopping on hold

Asian sugar delayed harvest puts shopping on hold

There is a wait and see approach among Asian sugar buyers as producing countries bring in their new crops a little slower than expected. The harvest in China and Thailand is expected to start a few weeks later than usual while rain in India has delayed cr
Published 28 Oct, 2005 12:00am
LSE emergency relief for quake victims

LSE emergency relief for quake victims

The management and members of Lahore Stock Exchange (LSE), fulfilling their social and moral responsibility, have extended emergency relief to the affected people of earthquake in Balakot.
Published 28 Oct, 2005 12:00am
Warid PCOs in Rawalakot and Bagh

Warid PCOs in Rawalakot and Bagh

Warid Telecom on Thursday announced it has started free Public Call Offices (PCOs) service on (V-Sat) cellular on wheels (COW) in Rawalakot and Bagh districts within 12 hours.
Published 28 Oct, 2005 12:00am
Three private airlines to give presentations to MoD

Three private airlines to give presentations to MoD

The three private airlines will make presentations sometime next month (November) at the Ministry of Defence (MoD), Islamabad on the state of their preparedness to utilise the additional foreign routes/frequencies, granted to them by the MoD in July.
Published 28 Oct, 2005 12:00am