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Print - 2005-10-30
Grain market little changed

Grain market little changed

Thin business was seen on the grain market on Saturday as most of the buyers remained on the sidelines due to less buying interest, dealers said.
Published 30 Oct, 2005 12:00am
Canada interest rates seen rising, then falling?

Canada interest rates seen rising, then falling?

After nearly a year of watching Canadian interest rates stay near historical lows, economists and traders are now betting on steady tightening by the Bank of Canada, but some analysts say the market - and perhaps even the bank - might be getting ahead of
Published 30 Oct, 2005 12:00am
Crime costs African countries billions each year

Crime costs African countries billions each year

Southern and east African countries lose billions of dollars every year to drug trafficking, money laundering, corruption and mineral smuggling, severely hampering development, an expert said on Friday.
Published 30 Oct, 2005 12:00am
Merck may expand to medical devices

Merck may expand to medical devices

The new chief executive of Merck & Co Inc on Friday gave Wall Street its first taste of his plan to revive the company, including exploring expansion into medical devices and diagnostics, according to an analyst.
Published 30 Oct, 2005 12:00am
Italian government plugs hole in 2006 public accounts

Italian government plugs hole in 2006 public accounts

The Italian government said on Friday it had discovered a five billion euro hole in its public finances next year, requiring fresh deficit-cutting measures just one month after it presented the 2006 budget.
Published 30 Oct, 2005 12:00am
IMF mission extends stay to hammer out Serbia deal

IMF mission extends stay to hammer out Serbia deal

An International Monetary Fund mission will extend its stay in Belgrade to finish its review of a 2002-2005 loan deal with Serbia and Montenegro, as the government tries to convince them reforms are still on track.
Published 30 Oct, 2005 12:00am
US seeks more time, clarification in softwood case

US seeks more time, clarification in softwood case

The US Commerce Department asked a NAFTA trade panel on Friday to clarify its latest ruling on softwood lumber duties, a move that left Canadian trade officials grumbling.
Published 30 Oct, 2005 12:00am
US FCC delays votes on telecoms mergers

US FCC delays votes on telecoms mergers

The US Federal Communications Commission said it postponed until Monday a meeting to vote on Verizon Communications' $8.6 billion purchase of MCI Inc and SBC Communications Inc's $16 billion acquisition of AT&T Corp.
Published 30 Oct, 2005 12:00am
'Porsche prevents Volkswagen from takeover'

'Porsche prevents Volkswagen from takeover'

German luxury carmaker Porsche prevented a hostile takeover attempt at Volkswagen when it bought a stake in the world's fourth largest carmaker, Porsche's chief executive told Der Spiegel.
Published 30 Oct, 2005 12:00am
Ukraine seeks US assent on trade for WTO: minister

Ukraine seeks US assent on trade for WTO: minister

Ukrainian officials will try next week to secure US agreement in principle on a bilateral trade deal required for entry to the World Trade Organisation, Economy Minister Arseniy Yatsenyuk said on Saturday.
Published 30 Oct, 2005 12:00am
Singapore bunker fuel prices down

Singapore bunker fuel prices down

Singapore bunker prices were lower on Friday as bunker premiums eased off the previous day's unexpectedly high levels, traders said. Prices for 380-centistoke (cst) bunker fuel were pegged at $309-$311 a tonne, down $6 from the previous day, with the bunk
Published 30 Oct, 2005 12:00am
Brazilian sugar vessels lineup jumps

Brazilian sugar vessels lineup jumps

The lineup of vessels to load sugar in Brazilian ports soared to 50 from 43 last week, shipping agent Williams said Thursday. It said in a weekly report that 24 vessels were lined up in the southern port of Santos, up from 19 last week.
Published 30 Oct, 2005 12:00am
Asian freight rates steady, ship demand seen up

Asian freight rates steady, ship demand seen up

Asian dry bulk freight rates were showing signs of recovery after dipping last week and demand for ships, especially those used to transport iron ore, was expected to strengthen in coming months. Spot voyage fixtures for modern panamax rates for the bench
Published 30 Oct, 2005 12:00am
China Shipping third quarter net profit up

China Shipping third quarter net profit up

China Shipping Development Co Ltd, the country's biggest coastal energy shipper, said on Tuesday its un-audited net profit rose 17.8 percent year on year in the third quarter of 2005.
Published 30 Oct, 2005 12:00am
China Shipping third quarter net profit up

China Shipping third quarter net profit up

China Shipping Development Co Ltd, the country's biggest coastal energy shipper, said on Tuesday its un-audited net profit rose 17.8 percent year on year in the third quarter of 2005.
Published 30 Oct, 2005 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 103,547 tonnes of cargo including 76,972 tonnes import and 26,575 tonnes export cargo including 3,348 containers during last 24 hours ending at 0700 hours on Saturday.
Published 30 Oct, 2005 12:00am
Euronext studies share-based LSE offer

Euronext studies share-based LSE offer

Pan-European stock exchange Euronext is considering whether to make a nil-premium share-based take-over offer for the London Stock Exchange to get around opposition from some of its shareholders to a cash bid, the Financial Times newspaper said on Saturda
Published 30 Oct, 2005 12:00am
Eurozone data underscores interest rate worries

Eurozone data underscores interest rate worries

Eurozone inflation fell less than expected in October and business and consumer confidence improved, prompting speculation of a more hawkish stance from the European Central Bank.
Published 30 Oct, 2005 12:00am
Bangladesh bans import of pet birds over flu scare

Bangladesh bans import of pet birds over flu scare

Bangladesh on Saturday ordered a ban on the import of pet birds as part of a precaution against avian flu, a government minister said. Earlier, Dhaka banned the import of poultry from 18 Asian and European countries, although Bangladesh has never had a re
Published 30 Oct, 2005 12:00am
EU new trade offer draws fire

EU new trade offer draws fire

The European Union's new offer to cut farm tariffs provides a solution for world trade talks, Europe's trade chief said on Saturday, but the proposal failed to impress the bloc's international trading partners.
Published 30 Oct, 2005 12:00am
Britain well prepared for human bird flu: scientist

Britain well prepared for human bird flu: scientist

Britain's plan to cope with a human outbreak of bird flu is among the best in the world, a government scientist said on Saturday. Professor Roy Anderson, an authority on infectious diseases at Imperial College London, told BBC Radio the Department of Heal
Published 30 Oct, 2005 12:00am
Under fire on all sides, US faces WTO cotton clash

Under fire on all sides, US faces WTO cotton clash

While the US and Europe face off in world trade talks over proposals for cuts in farm tariffs, an unresolved issue from previous negotiations may yet present Washington with another showdown - cotton subsidies.
Published 30 Oct, 2005 12:00am
Sri Lanka peace, economy hinge on coalition: Wickremesinghe

Sri Lanka peace, economy hinge on coalition: Wickremesinghe

Sri Lanka can forge lasting peace with the Tamil Tigers and propel its economy to double-digit growth if its two main parties join forces, former prime minister and presidential hopeful Ranil Wickremesinghe said on Saturday.
Published 30 Oct, 2005 12:00am
IMF warns on potential US consumption slowdown

IMF warns on potential US consumption slowdown

Massive US deficits, red-hot housing prices, and volatile energy markets could soon dampen American consumption and darken world growth forecasts, the International Monetary Fund's chief economist said in remarks released on Friday.
Published 30 Oct, 2005 12:00am
Ukraine to pay cash for Turkmen gas: Prime Minister

Ukraine to pay cash for Turkmen gas: Prime Minister

Ukraine has agreed to pay solely in cash for its shipments of gas from Turkmenistan, Prime Minister Yuri Yekhanurov said on Saturday, after the Central Asian state said it was unhappy with Kiev's payments in kind.
Published 30 Oct, 2005 12:00am
Airbus CEO eyes A400M order, happy with A380 tests

Airbus CEO eyes A400M order, happy with A380 tests

The chief executive of European planemaker Airbus said on Saturday talks were continuing with Malaysia on ordering A400M military transport planes and that a deal could come within weeks.
Published 30 Oct, 2005 12:00am
Australian grain remain fierce

Australian grain remain fierce

Australia and the United States remain fierce competitors to supply wheat to Iraq, a rivalry undiminished by claims and counter-claims over alleged kickbacks to Saddam's regime by Australia's monopoly wheat exporter.
Published 30 Oct, 2005 12:00am
Tokyo gold backs off slightly, palladium eases

Tokyo gold backs off slightly, palladium eases

Tokyo gold futures fell slightly on Friday, pressured by profit-taking after rising for the past four days, but underlying sentiment was bullish with investors keen to test the key contract above a 14-year high.
Published 30 Oct, 2005 12:00am
Asian rubber producers seen supporting prices

Asian rubber producers seen supporting prices

Asian rubber prices were steady on Friday but supported by expectations producers will not drop their offer levels since raw material costs are near selling prices.
Published 30 Oct, 2005 12:00am
New buyer drives Nigerian cocoa up

New buyer drives Nigerian cocoa up

The emergence of a new competitor on the Nigerian cocoa market has driven prices up and reduced supply to some exporters, international traders said on Friday.
Published 30 Oct, 2005 12:00am
Soybeans dip on technical breakdown

Soybeans dip on technical breakdown

Soybean futures at the Chicago Board of Trade slipped on Friday on a technical breakdown, with the November contract falling below a key support level at $5.66-1/2, traders said.
Published 30 Oct, 2005 12:00am
CBOT rice falls

CBOT rice falls

Rough rice futures at the Chicago Board of Trade fell on Friday, a setback from the higher technical close on Thursday, traders said. The day's feature was spreading as firms rolled their November positions before the start of deliveries on Monday.
Published 30 Oct, 2005 12:00am
Comex copper rebounds to end firmer

Comex copper rebounds to end firmer

US copper futures rebounded from earlier weakness and closed near session highs on Friday as a late bout of short covering boosted prices in thin, choppy trade, dealers said.
Published 30 Oct, 2005 12:00am
New York sugar settles lower on speculative

New York sugar settles lower on speculative

Raw sugar prices finished easier Friday on speculative sales as the sweetener probed the bottom of its current range, with operators saying the market would need news to break out of its trading band.
Published 30 Oct, 2005 12:00am
Indian soya futures slide

Indian soya futures slide

Indian soy futures continued to slide on Friday on market talk that the government was considering a cut in customs duties of crude palm oil while gold and sugar were steady. Wheat gained slightly on tight stocks.
Published 30 Oct, 2005 12:00am
Oil rebounds, platinum hits 25-year high in world markets

Oil rebounds, platinum hits 25-year high in world markets

World oil prices rallied as energy demand was seen to be rising in the United States and China - the two biggest consumers of fuel. Platinum hit the highest level for a quarter of a century as demand for the metal outpaced supply.
Published 30 Oct, 2005 12:00am
Egypt buys 120,000 tonnes of Australian and US wheat

Egypt buys 120,000 tonnes of Australian and US wheat

Egypt's main official wheat buyer said on Saturday he had bought 120,000 tonnes of US and Australian wheat for December 1-10 shipment. Mahmoud Abdel-Hamid, vice chairman of the General Authority for Supply Commodities (GASC), told Reuters he had bought th
Published 30 Oct, 2005 12:00am
LME to build on solid year, extend plastics

LME to build on solid year, extend plastics

The London Metal Exchange (LME), the world's largest non-ferrous metals market, is looking to build on a solid 2005 performance, adding more plastics futures and extending electronic trading times.
Published 30 Oct, 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 30 Oct, 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 30 Oct, 2005 12:00am
WTO seen lifting Saudi stocks before market holiday

WTO seen lifting Saudi stocks before market holiday

Saudi Arabia's green light to join the World Trade Organisation (WTO) is likely to boost shares at the start of the week but trading will slow ahead of the Eid holiday, traders said on Saturday.
Published 30 Oct, 2005 12:00am
Chile stocks slip on lacklustre earnings

Chile stocks slip on lacklustre earnings

Chilean stocks fell in active trading on Friday as the last of third-quarter financial earnings reports failed to impress, while the peso firmed.
Published 30 Oct, 2005 12:00am
US Treasuries dip as growth withstands hurricanes

US Treasuries dip as growth withstands hurricanes

US Treasury debt prices eased on Friday as data showing the US economy grew robustly in the third quarter despite a devastating hurricane season reinforced expectations for further interest rate hikes.
Published 30 Oct, 2005 12:00am
US Treasuries dip as growth withstands hurricanes

US Treasuries dip as growth withstands hurricanes

US Treasury debt prices eased on Friday as data showing the US economy grew robustly in the third quarter despite a devastating hurricane season reinforced expectations for further interest rate hikes.
Published 30 Oct, 2005 12:00am
Eurostocks to watch rate meetings, outlooks

Eurostocks to watch rate meetings, outlooks

European shares, trading near 2-month lows on mounting fears of higher interest rates and subdued by lower company forecasts, will take direction from central bank meetings and a raft of company results next week.
Published 30 Oct, 2005 12:00am
HBC push Toronto stocks higher

HBC push Toronto stocks higher

Toronto stocks finished higher on Friday in a broad-based rally led by rebounding energy issues and a high-flying Hudson's Bay Co. The Toronto Stock Exchange's S&P/TSX composite index climbed 66.85 points, or 0.65 percent, to close at 10,312.30.
Published 30 Oct, 2005 12:00am
Argentine stocks rise

Argentine stocks rise

Argentine stocks crept higher on Friday amid an upbeat earnings outlook for selected blue chip stocks and strong regional markets, traders said.
Published 30 Oct, 2005 12:00am
American credit market outlook

American credit market outlook

Many US credit spreads have moved sideways or even tightened recently despite analysts pointing to more reasons why corporate credit is likely to weaken next year.
Published 30 Oct, 2005 12:00am
American credit market outlook

American credit market outlook

Many US credit spreads have moved sideways or even tightened recently despite analysts pointing to more reasons why corporate credit is likely to weaken next year.
Published 30 Oct, 2005 12:00am
US stocks fly on economic growth, Microsoft results

US stocks fly on economic growth, Microsoft results

US stocks rallied on Friday, giving the Dow average its biggest one-day point rise since April, as a government report showed third-quarter economic growth that exceeded expectations and Microsoft Corp's earnings lifted the technology sector.
Published 30 Oct, 2005 12:00am
Canadian dollar down

Canadian dollar down

The Canadian dollar fell slightly versus the US currency on Friday, as strong data gave the greenback a lift. The currency was at C$1.1748 to the US dollar, or 85.12 US cents, down from C$1.1719 to the US dollar, or 85.33 US cents, at Thursday's session c
Published 30 Oct, 2005 12:00am
Forex market views, key levels

Forex market views, key levels

Following is a selection of comments from analysts on important technical developments in the foreign exchange market.
Published 30 Oct, 2005 12:00am
Dollar cheered by strong US growth figures

Dollar cheered by strong US growth figures

The dollar advanced on Friday, bolstered by a robust US gross domestic product report and news that only one White House official was indicted in a grand jury probe about the leak of a covert CIA agent's identity.
Published 30 Oct, 2005 12:00am
Colombia's DTF rate to rise

Colombia's DTF rate to rise

Colombia's benchmark 90-day, fixed-term deposit rate, or DTF, will rise one basis point from last week to 6.46 percent in the week to November 6, the central bank said on Friday. The DTF is set weekly, according to a central bank survey of commercial bank
Published 30 Oct, 2005 12:00am
Dollar set for weakness in long term: Deutsche

Dollar set for weakness in long term: Deutsche

Deutsche Asset Management's currency fund expects the US dollar to fall in the long term on a wide current account deficit and rising inflation. But such a view on the currency has worked against it so far.
Published 30 Oct, 2005 12:00am
IMM net yen short position at 6-1/2-year high

IMM net yen short position at 6-1/2-year high

Speculators in IMM yen futures boosted their net short position during the trading week ending October 25, pushing short contracts to a 6-1/2-year high, data released on Friday showed.
Published 30 Oct, 2005 12:00am
Langer confident

Langer confident

Australian opening batsman Justin Langer is confident he will play in next week's opening cricket Test against the West Indies despite fracturing a rib in a one-day match.
Published 30 Oct, 2005 12:00am
Vaughan turns 31

Vaughan turns 31

England captain Michael Vaughan celebrated his 31st birthday poolside in the Pakistani capital on Saturday with hugs and cheers from his teammates.
Published 30 Oct, 2005 12:00am
Samuels hits ground record 257

Samuels hits ground record 257

The West Indies were in a winning position in their four-day tour cricket match against Queensland after Marlon Samuels hit a record-breaking 257 here on Saturday.
Published 30 Oct, 2005 12:00am
Singh misses Chrysler cut

Singh misses Chrysler cut

Defending champion Vijay Singh missed the cut on Friday at the Chrysler Championship, where Steve Lowery seized the second-round lead with a five-under-par 66.
Published 30 Oct, 2005 12:00am
Vincent fails to stop South African winning streak

Vincent fails to stop South African winning streak

New Zealand batsman Lou Vincent made a sparkling 90 but could not stop South Africa gaining their 11th successive win in the second one-day international at Newlands on Friday.
Published 30 Oct, 2005 12:00am
Vietnam suspects two new bird flu deaths

Vietnam suspects two new bird flu deaths

Two people showing symptoms of the bird flu virus have died in the past week in Vietnam, where the disease has already killed more than 40 people, hospital officials said on Saturday.
Published 30 Oct, 2005 12:00am
Palestinian pledge new crackdown on illegal arms

Palestinian pledge new crackdown on illegal arms

The Palestinian interior minister vowed on Saturday to crack down further on armed groups saying he would deal "firmly and seriously" with illegal weapons manufacturing workshops and storage sites.
Published 30 Oct, 2005 12:00am
Palestinians seek world intervention

Palestinians seek world intervention

Palestinians called on Saturday for swift international intervention to stop a series of Israeli air strikes on Gaza that have knocked out electricity to several thousand homes and blasted deep craters in roads.
Published 30 Oct, 2005 12:00am
Syria to set up own probe into Hariri murder

Syria to set up own probe into Hariri murder

Syria said on Saturday it was setting up a special judicial committee to investigate Syrians implicated in the killing of Lebanon's former Prime Minister Rafik al-Hariri.
Published 30 Oct, 2005 12:00am
Cheney's office at center of CIA leak indictment

Cheney's office at center of CIA leak indictment

The indictment of former top White House aide Lewis Libby in the CIA leak investigation will put Vice President Dick Cheney's office at the center of court proceedings, with the potential of a politically damaging trial for the beleaguered Bush administra
Published 30 Oct, 2005 12:00am
Three teenage girls beheaded in Indonesia

Three teenage girls beheaded in Indonesia

Men in black clothes and masks beheaded three teenage Christian girls on Saturday in eastern Indonesia as they walked to school near the Muslim town of Poso, officials said.
Published 30 Oct, 2005 12:00am
US and British troops among 23 killed in Afghan attacks

US and British troops among 23 killed in Afghan attacks

A US and a British soldier were gunned down in Afghanistan Saturday in a deadly series of attacks that claimed 23 lives, including those of 14 suspected Taleban insurgents, officials said.
Published 30 Oct, 2005 12:00am
Iran retreats from remarks on Israel

Iran retreats from remarks on Israel

Iran on Saturday cautiously retreated from remarks by its president that Israel should be "wiped off the map", saying it stood by its UN commitments and would not use violence against another country.
Published 30 Oct, 2005 12:00am
NWFP needs drugs, surgical instruments

NWFP needs drugs, surgical instruments

The Directorate General Health Services NWFP Peshawar has requested the donor agencies to provide the following medicines, surgical disposable and surgical instruments etc for referred/ambulatory earth quake victims presently under treatment at Khyber Tea
Published 30 Oct, 2005 12:00am
Dysfunctional traffic signal

Dysfunctional traffic signal

I draw the attention of the concerned authorities towards the dormant traffic signal installed at Soldier Bazar No 3 roundabout. After its installation, less than a month ago, it became dysfunctional. Interestingly not a single traffic constable was avail
Published 30 Oct, 2005 12:00am
Badly-affected Swat

Badly-affected Swat

On October 20 we saw a letter in the Business Recorder from Muhammad Shamim regarding relief to earthquake-hit Northern Area, an industrial zone, which is quite correct.
Published 30 Oct, 2005 12:00am
CDC's focus on revenue generation

CDC's focus on revenue generation

This is in reference to the corporate news on CDC under the caption "A silent revolution, capitalising on the confidence extended by market" dated 10th October 2005. The progress of CDC in terms of revenue and in the number of investor accounts is certain
Published 30 Oct, 2005 12:00am
Overview of national economy & summary: SBP's Annual Report for 2005

Overview of national economy & summary: SBP's Annual Report for 2005

The economy continued to accelerate for yet another year in FY05, with real GDP growth rising to a 20-year high of 8.4 percent, propelled by above-target contributions from all three major sectors, namely, agriculture, industry and services (see Table 1.1
Published 30 Oct, 2005 12:00am
Overview of national economy & summary: SBP's Annual Report for 2005

Overview of national economy & summary: SBP's Annual Report for 2005

The economy continued to accelerate for yet another year in FY05, with real GDP growth rising to a 20-year high of 8.4 percent, propelled by above-target contributions from all three major sectors, namely, agriculture, industry and services (see Table 1.1
Published 30 Oct, 2005 12:00am
How best to streamline tax database

How best to streamline tax database

That the quandary at the Central Board of Revenue (CBR) has acquired bewildering proportions should become all the more evident from two Recorder Reports, simultaneously appearing on October 29.
Published 30 Oct, 2005 12:00am
Trivial overtures

Trivial overtures

Soon after the devastating earthquake of October 8 that hit Azad Kashmir and parts of NWFP, the Opposition parties in the National Assembly had offered their support to the government to meet the humanitarian challenge.
Published 30 Oct, 2005 12:00am
Jamaat-i-Islami sends more tents

Jamaat-i-Islami sends more tents

The second batch of tents which Jamaat-i-Islami has purchased from Saudi Arabia to set up tent villages for the quake victims reached Islamabad from Jeddah on Saturday.
Published 30 Oct, 2005 12:00am
98 trucks sent to quake-hit areas

98 trucks sent to quake-hit areas

Gul Hameed Rokri Punjab Minister for Revenue and Relief chairing a meeting here on Saturday said that 98 trucks of relief aid have been sent to earthquake affected areas by the provincial government recently.
Published 30 Oct, 2005 12:00am
Punjab governor satisfied over relief activities

Punjab governor satisfied over relief activities

Governor Punjab Lieutenant General Khalid Maqbool (Retd) has expressed satisfaction over relief activities in the quake-affected areas. Talking in a PTV programme he said the government is striving to rehabilitate the quake survivors.
Published 30 Oct, 2005 12:00am
Eid shopping picking up

Eid shopping picking up

With only a few days left in Eid-ul-Fitr, people have started reaching markets, bazaars, business centers and shopping plazas to purchase different articles to celebrate Eid.
Published 30 Oct, 2005 12:00am
LCCI voices concern over rising dacoities

LCCI voices concern over rising dacoities

The LCCI President Mian Shafqat Ali, Senior Vice President Abdul Basit and Vice President Aftab Ahmad Vohra, while expressing deep concern over broad daylight dacoity at Tanvir Corporation, Chiniot Plaza, Mcleod Road, have demanded of the Governor Punjab
Published 30 Oct, 2005 12:00am
Pakistan TDM team visits Malaysian universities and institutes

Pakistan TDM team visits Malaysian universities and institutes

Technology Up-gradation and Skill Development Company (TUSDEC) plans to benefit from the expertise of South East Asian nations like Malaysia and Singapore in the engineering sector while establishing country's first Tools, Dies and Moulds (TDM) centre.
Published 30 Oct, 2005 12:00am
Railways to run nine Eid trains

Railways to run nine Eid trains

Pakistan Railways (PR) in order to facilitate passengers on the occasion of Eid-ul-Fitr has announced to run another nine 'Eid Special' trains, enhancing the number of these special trains to 13 from November 2.
Published 30 Oct, 2005 12:00am
Students urged to adopt positive approach

Students urged to adopt positive approach

Federal Parliamentary Secretary (Law, Justice & Human Rights) Farooq Amjad Meer delivered a lecture on 'Principles of Leading a Successful Life' here at the Jinnah Islamia College of Commerce Township Saturday.
Published 30 Oct, 2005 12:00am
Big cities to have dryports shortly: minister

Big cities to have dryports shortly: minister

Railway Minister Mian Shamim Haider has said that dryports will be established in all big cities of the country, as their importance in economy was of paramount importance.
Published 30 Oct, 2005 12:00am
Donate Sadqa, Zakat and Fitrana to quake victims

Donate Sadqa, Zakat and Fitrana to quake victims

Quake survivors are also eligible for Sadqa, Zakat and Fitrana and the Muslims must donate generously for the displaced brethren, said Maulana Muhammad Yusuf Anwar, Imam Jama Masjid Ahl-e-Hadis, Aminpur Bazaar.
Published 30 Oct, 2005 12:00am
Special prayers for quake victims

Special prayers for quake victims

Special prayers will be held in all Catholic churches of the city for the quake victims here on Sunday, October 30. The spiritual leader of Christians Pope Benedict XVI has asked the Christians to pray for the earthquake victims.
Published 30 Oct, 2005 12:00am
FNE net profit up by Rs 105.6 million

FNE net profit up by Rs 105.6 million

The First National Equities Limited (FNE) net profit for the first quarter of 2005-06 significantly improved by Rs 105.6 million as compared to Rs 7.8 million in the first quarter of 2004-05, said a press release issued here on Saturday.
Published 30 Oct, 2005 12:00am
FNE net profit up by Rs 105.6 million

FNE net profit up by Rs 105.6 million

The First National Equities Limited (FNE) net profit for the first quarter of 2005-06 significantly improved by Rs 105.6 million as compared to Rs 7.8 million in the first quarter of 2004-05, said a press release issued here on Saturday.
Published 30 Oct, 2005 12:00am
Sikh team presents relief goods to Punjab chief minister

Sikh team presents relief goods to Punjab chief minister

A delegation of the Delhi Sikh Gurdawara Parbandhak Committee, an administrative committee of the Gurdawaras in the federal capital of India, called on the Punjab Chief Minister, Chaudhry Pervaiz Elahi here on Saturday and presented to him the relief good
Published 30 Oct, 2005 12:00am