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Print - 2005-11-07
Eid celebrated in Balochistan with simplicity

Eid celebrated in Balochistan with simplicity

People of Balochistan celebrated Eid-ul-Fitr with religious favour, enthusiasm but with simplicity to express solidarity with earthquake victims in Kashmir and NWFP which claimed thousands of lives.
Published 07 Nov, 2005 12:00am
Kuwaiti Red Crescent team meets Prime Minister

Kuwaiti Red Crescent team meets Prime Minister

A Kuwaiti Red Crescent Society delegation called on Prime Minister Shaukat Aziz here on Sunday and discussed ways to further expediting relief measures to help the victims of the earthquake.
Published 07 Nov, 2005 12:00am
Website to locate missing quake victims launched

Website to locate missing quake victims launched

A group of volunteer from different fields of life have designed a picture based website to locate the victims of earthquake who are under treatment in different hospitals and medical centers of Rawalpindi and Islamabad.
Published 07 Nov, 2005 12:00am
Over 75,000 army troops busy in relief operation

Over 75,000 army troops busy in relief operation

More than 75,000 Pakistan Army personnel are busy and committed in the relief and rescue operations in October 8, earthquake-hit areas in Azad Jammu Kashmir and Hazara division of the NWFP even on Eid day.
Published 07 Nov, 2005 12:00am
Lahorites celebrate Eid with austerity

Lahorites celebrate Eid with austerity

Eid-ul-Fitr, like other parts of the country, was celebrated in Lahore on Friday with austerity and simplicity in view of the earthquake devastation in Azad Jammu and Kashmir (AJK) and NWFP.
Published 07 Nov, 2005 12:00am
Shujaat praises PML-Q workers in relief efforts

Shujaat praises PML-Q workers in relief efforts

Chaudhry Shujaat Hussain President Pakistan Muslim League chairing a meeting of the party here on Sunday reviewed ongoing activities for the relief and rehabilitation of earthquake relief activities.
Published 07 Nov, 2005 12:00am
Seven hurt in fresh aftershocks

Seven hurt in fresh aftershocks

A severe aftershock measuring 6.0 on the Richter Scale and two mild ones rattled earthquake-battered northern Pakistan injuring seven people early on Sunday, the Seismological Department said.
Published 07 Nov, 2005 12:00am
Seven hurt in fresh aftershocks

Seven hurt in fresh aftershocks

A severe aftershock measuring 6.0 on the Richter Scale and two mild ones rattled earthquake-battered northern Pakistan injuring seven people early on Sunday, the Seismological Department said.
Published 07 Nov, 2005 12:00am
CDC planning securities, borrowing system

CDC planning securities, borrowing system

The Central Depository Company (CDC) has planned a number of measures to expand its services to all segment of stakeholders in the financial sector and engineered securities lending and borrowing through CDS, share register function, and investment facili
Published 07 Nov, 2005 12:00am
CDC planning securities, borrowing system

CDC planning securities, borrowing system

The Central Depository Company (CDC) has planned a number of measures to expand its services to all segment of stakeholders in the financial sector and engineered securities lending and borrowing through CDS, share register function, and investment facili
Published 07 Nov, 2005 12:00am
CDC planning securities, borrowing system

CDC planning securities, borrowing system

The Central Depository Company (CDC) has planned a number of measures to expand its services to all segment of stakeholders in the financial sector and engineered securities lending and borrowing through CDS, share register function, and investment facili
Published 07 Nov, 2005 12:00am
CDC planning securities, borrowing system

CDC planning securities, borrowing system

The Central Depository Company (CDC) has planned a number of measures to expand its services to all segment of stakeholders in the financial sector and engineered securities lending and borrowing through CDS, share register function, and investment facili
Published 07 Nov, 2005 12:00am
Need for sending more psychologists to quake-hit areas

Need for sending more psychologists to quake-hit areas

In the quake-wrecked areas, psychological problems, severe mental disorder and other related diseases were spreading among the affected people, which could cast long lasting impacts on their lives in coming years.
Published 07 Nov, 2005 12:00am
Seven suspected militants killed in Miranshah

Seven suspected militants killed in Miranshah

Seven suspected militants, including some foreigners, were killed on Saturday when they triggered an explosion while making bomb parts in a tribal region near the Afghan border, ISPR spokesman said.
Published 07 Nov, 2005 12:00am
Seven suspected militants killed in Miranshah

Seven suspected militants killed in Miranshah

Seven suspected militants, including some foreigners, were killed on Saturday when they triggered an explosion while making bomb parts in a tribal region near the Afghan border, ISPR spokesman said.
Published 07 Nov, 2005 12:00am
China supports Pakistan to join APTA

China supports Pakistan to join APTA

China and five other countries South Korea, India, Bangladesh, Sri Lanka and Laos at their ministerial-level meeting held here unanimously decided that membership and scope of the Bangkok Agreement be further expanded.
Published 07 Nov, 2005 12:00am
China supports Pakistan to join APTA

China supports Pakistan to join APTA

China and five other countries South Korea, India, Bangladesh, Sri Lanka and Laos at their ministerial-level meeting held here unanimously decided that membership and scope of the Bangkok Agreement be further expanded.
Published 07 Nov, 2005 12:00am
China supports Pakistan to join APTA

China supports Pakistan to join APTA

China and five other countries South Korea, India, Bangladesh, Sri Lanka and Laos at their ministerial-level meeting held here unanimously decided that membership and scope of the Bangkok Agreement be further expanded.
Published 07 Nov, 2005 12:00am
MONEY WEEK: government borrowings sharply higher than previous year

MONEY WEEK: government borrowings sharply higher than previous year

Government borrowing at Rs 42 billion during the year so far (July 01-October 15, 2005) showed a 390 percent increase over borrowing of merely Rs 8.6 billion recorded in the corresponding period of 2004-05, revealed the latest monetary and credit statisti
Published 07 Nov, 2005 12:00am
MONEY WEEK: government borrowings sharply higher than previous year

MONEY WEEK: government borrowings sharply higher than previous year

Government borrowing at Rs 42 billion during the year so far (July 01-October 15, 2005) showed a 390 percent increase over borrowing of merely Rs 8.6 billion recorded in the corresponding period of 2004-05, revealed the latest monetary and credit statisti
Published 07 Nov, 2005 12:00am
MONEY WEEK: government borrowings sharply higher than previous year

MONEY WEEK: government borrowings sharply higher than previous year

Government borrowing at Rs 42 billion during the year so far (July 01-October 15, 2005) showed a 390 percent increase over borrowing of merely Rs 8.6 billion recorded in the corresponding period of 2004-05, revealed the latest monetary and credit statisti
Published 07 Nov, 2005 12:00am
Castro assures help to Musharraf in relief efforts

Castro assures help to Musharraf in relief efforts

Cuban President Fiedel Castro has assured President General Pervez Musharraf of his country's full support in earthquake relief efforts, informing that Cuba is despatching another team of 200 doctors to serve in the quake zone.
Published 07 Nov, 2005 12:00am
Castro assures help to Musharraf in relief efforts

Castro assures help to Musharraf in relief efforts

Cuban President Fiedel Castro has assured President General Pervez Musharraf of his country's full support in earthquake relief efforts, informing that Cuba is despatching another team of 200 doctors to serve in the quake zone.
Published 07 Nov, 2005 12:00am
CBR considering to close CPF and other welfare funds

CBR considering to close CPF and other welfare funds

The Central Board of Revenue (CBR) is compiling a list of income tax officials, who obtained rewards during the last five years, but did not contribute any thing in the Common Pool Fund (CPF).
Published 07 Nov, 2005 12:00am
CBR considering to close CPF and other welfare funds

CBR considering to close CPF and other welfare funds

The Central Board of Revenue (CBR) is compiling a list of income tax officials, who obtained rewards during the last five years, but did not contribute any thing in the Common Pool Fund (CPF).
Published 07 Nov, 2005 12:00am
CBR considering to close CPF and other welfare funds

CBR considering to close CPF and other welfare funds

The Central Board of Revenue (CBR) is compiling a list of income tax officials, who obtained rewards during the last five years, but did not contribute any thing in the Common Pool Fund (CPF).
Published 07 Nov, 2005 12:00am
Consortium formed to alleviate poverty

Consortium formed to alleviate poverty

A US Agency for International Development (USAID) announcement on Thursday said the agency and a group of leading institutional investors have joined forces to create the Global Commercial Microfinance Consortium.
Published 07 Nov, 2005 12:00am
China throws line to sinking global shipping rates

China throws line to sinking global shipping rates

For global shippers, China was a dream come true. The question is how long it can last. Top executives of shippers from A.P. Moeller-Maersk to COSCO Holdings Co Ltd argue China's continued growth - 9 percent over the past nine quarters - will buoy interna
Published 07 Nov, 2005 12:00am
35 drown as boat capsizes near Keti Bandar

35 drown as boat capsizes near Keti Bandar

Bodies of all 35 victims of Kefti Bundar boat tragedy were fished out by local divers and divers from Navy and Edhi Foundation. These persons drowned when their boat broke apart and capsized in a creek near Khalifa village off Keti Bundar coast in the ear
Published 07 Nov, 2005 12:00am
35 drown as boat capsizes near Keti Bandar

35 drown as boat capsizes near Keti Bandar

Bodies of all 35 victims of Kefti Bundar boat tragedy were fished out by local divers and divers from Navy and Edhi Foundation. These persons drowned when their boat broke apart and capsized in a creek near Khalifa village off Keti Bundar coast in the ear
Published 07 Nov, 2005 12:00am
World Bank asks Discos to update PC-1 documents

World Bank asks Discos to update PC-1 documents

The World Bank (WB) has asked the power distribution companies (Discos) of Wapda to revise their PC- 1 documents on the basis of new financial projections, official sources told Business Recorder.
Published 07 Nov, 2005 12:00am
World Bank asks Discos to update PC-1 documents

World Bank asks Discos to update PC-1 documents

The World Bank (WB) has asked the power distribution companies (Discos) of Wapda to revise their PC- 1 documents on the basis of new financial projections, official sources told Business Recorder.
Published 07 Nov, 2005 12:00am
World Bank asks Discos to update PC-1 documents

World Bank asks Discos to update PC-1 documents

The World Bank (WB) has asked the power distribution companies (Discos) of Wapda to revise their PC- 1 documents on the basis of new financial projections, official sources told Business Recorder.
Published 07 Nov, 2005 12:00am
Corporate results help push KSE index up

Corporate results help push KSE index up

With only two sessions last week due to Eidul Fitr holidays, it is difficult to assess the trend, but the index recovered on healthy corporate results and on expectation that the government and UAE-based Etisalat deal is still intact.
Published 07 Nov, 2005 12:00am
Corporate results help push KSE index up

Corporate results help push KSE index up

With only two sessions last week due to Eidul Fitr holidays, it is difficult to assess the trend, but the index recovered on healthy corporate results and on expectation that the government and UAE-based Etisalat deal is still intact.
Published 07 Nov, 2005 12:00am
Corporate results help push KSE index up

Corporate results help push KSE index up

With only two sessions last week due to Eidul Fitr holidays, it is difficult to assess the trend, but the index recovered on healthy corporate results and on expectation that the government and UAE-based Etisalat deal is still intact.
Published 07 Nov, 2005 12:00am
Banks to issue rights or bonus shares to meet SBP terms

Banks to issue rights or bonus shares to meet SBP terms

The banks to meet the condition of the State Bank of Pakistan (SBP) will raise their paid-up capital by end of next year and would either issue rights or bonus shares while a few analysts were of the opinion that dividends from these entities might shrink
Published 07 Nov, 2005 12:00am
Banks to issue rights or bonus shares to meet SBP terms

Banks to issue rights or bonus shares to meet SBP terms

The banks to meet the condition of the State Bank of Pakistan (SBP) will raise their paid-up capital by end of next year and would either issue rights or bonus shares while a few analysts were of the opinion that dividends from these entities might shrink
Published 07 Nov, 2005 12:00am
Banks to issue rights or bonus shares to meet SBP terms

Banks to issue rights or bonus shares to meet SBP terms

The banks to meet the condition of the State Bank of Pakistan (SBP) will raise their paid-up capital by end of next year and would either issue rights or bonus shares while a few analysts were of the opinion that dividends from these entities might shrink
Published 07 Nov, 2005 12:00am
Banks to issue rights or bonus shares to meet SBP terms

Banks to issue rights or bonus shares to meet SBP terms

The banks to meet the condition of the State Bank of Pakistan (SBP) will raise their paid-up capital by end of next year and would either issue rights or bonus shares while a few analysts were of the opinion that dividends from these entities might shrink
Published 07 Nov, 2005 12:00am
Nationalised and private banks performed well

Nationalised and private banks performed well

The performance of privatised and government-run banks were exceptionally well as compared with foreign banks where earnings of these entities recorded a growth of more than 100 percent.
Published 07 Nov, 2005 12:00am
Nationalised and private banks performed well

Nationalised and private banks performed well

The performance of privatised and government-run banks were exceptionally well as compared with foreign banks where earnings of these entities recorded a growth of more than 100 percent.
Published 07 Nov, 2005 12:00am
Nationalised and private banks performed well

Nationalised and private banks performed well

The performance of privatised and government-run banks were exceptionally well as compared with foreign banks where earnings of these entities recorded a growth of more than 100 percent.
Published 07 Nov, 2005 12:00am
CBR to suffer Rs 6 billion loss on duty exemption

CBR to suffer Rs 6 billion loss on duty exemption

The Central Board of Revenue (CBR) will suffer a huge loss of Rs 6 billion following exemption of customs duty on the duty-free import of 3000-4000 CNG buses under the new ''Green Punjab Transport Scheme''.
Published 07 Nov, 2005 12:00am
CBR to suffer Rs 6 billion loss on duty exemption

CBR to suffer Rs 6 billion loss on duty exemption

The Central Board of Revenue (CBR) will suffer a huge loss of Rs 6 billion following exemption of customs duty on the duty-free import of 3000-4000 CNG buses under the new 'Green Punjab Transport Scheme'.
Published 07 Nov, 2005 12:00am
CBR to suffer Rs 6 billion loss on duty exemption

CBR to suffer Rs 6 billion loss on duty exemption

The Central Board of Revenue (CBR) will suffer a huge loss of Rs 6 billion following exemption of customs duty on the duty-free import of 3000-4000 CNG buses under the new 'Green Punjab Transport Scheme'.
Published 07 Nov, 2005 12:00am
F-16s purchase to be postponed: Musharraf visits Muzaffarabad

F-16s purchase to be postponed: Musharraf visits Muzaffarabad

President General Pervez Musharraf on Friday said Pakistan will postpone the purchase of F-16 aircraft from the United States in the face of large-scale relief and reconstruction tasks in the earthquake-hit areas but stressed that the country remained ful
Published 07 Nov, 2005 12:00am
F-16s purchase to be postponed: Musharraf visits Muzaffarabad

F-16s purchase to be postponed: Musharraf visits Muzaffarabad

President General Pervez Musharraf on Friday said Pakistan will postpone the purchase of F-16 aircraft from the United States in the face of large-scale relief and reconstruction tasks in the earthquake-hit areas but stressed that the country remained ful
Published 07 Nov, 2005 12:00am
Firm trend in money market

Firm trend in money market

Significant supply of dollars strengthened the rupee versus the greenback in the currency market amid shortened week due to Eidul Fitr holidays, dealers said.
Published 07 Nov, 2005 12:00am
Firm trend in money market

Firm trend in money market

Significant supply of dollars strengthened the rupee versus the greenback in the currency market amid shortened week due to Eidul Fitr holidays, dealers said.
Published 07 Nov, 2005 12:00am
'Experts meeting soon to solve language issue'

'Experts meeting soon to solve language issue'

Sindh Chief Minister Dr Arbab Ghulam Rahim on Sunday said that the provincial government would summon soon a meeting of educationists and technocrats to solve the issue of language and an all parties conference could also be summoned in this regard, if ne
Published 07 Nov, 2005 12:00am
Yasin satisfied with relief activities

Yasin satisfied with relief activities

The Leader of Hurriyat Conference and head of Jammu and Kashmir Hurriyat Conference Yasin Malik said here on Sunday that there was a message for religious and political leadership that on the name of politics a wedge could not be created between Kashmiris
Published 07 Nov, 2005 12:00am
'Pak-US FTA a viable contention'

'Pak-US FTA a viable contention'

Ed Gillespie, former Chairman of the Republican National Committee (RNC), on Saturday supported the contention that a Pak-US Free Trade Agreement (FTA) would be an immense help to assist Pakistan tide over impact of devastating October 6 earthquake.
Published 07 Nov, 2005 12:00am
India could revise stand on Iran over nuclear-plan: Natwar

India could revise stand on Iran over nuclear-plan: Natwar

India, which earlier this year voted in favour of an International Atomic Energy Agency (IAEA) motion against Iran's nuclear programme, could reverse its stand at an upcoming meeting if the resolution proposed stronger action, Foreign Minister Natwar Sing
Published 07 Nov, 2005 12:00am
Annan due on November 17

Annan due on November 17

In order to draw the world's attention to the absolute critical need for assistance to quake victims before winter sets in, United Nations Secretary General Kofi Annan will reach Pakistan on November 17 to attend the world conference called by President M
Published 07 Nov, 2005 12:00am
Annan due on November 17

Annan due on November 17

In order to draw the world's attention to the absolute critical need for assistance to quake victims before winter sets in, United Nations Secretary General Kofi Annan will reach Pakistan on November 17 to attend the world conference called by President M
Published 07 Nov, 2005 12:00am
The Weather

The Weather

The weather report on Sunday (November 06) and the forecast for Monday (November 07, 2005).
Published 07 Nov, 2005 12:00am
Your rupee last week

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (October 31 to November 02, 2005).

Published 07 Nov, 2005 12:00am
Euronext and Deutsche Boerse may discuss merger

Euronext and Deutsche Boerse may discuss merger

European bourse operator Euronext and rival Deutsche Boerse could discuss a merger as an alternative to bidding for the London Stock Exchange, the Independent on Sunday newspaper said.
Published 07 Nov, 2005 12:00am
Top lawmaker urges Kuwait to rethink currency peg

Top lawmaker urges Kuwait to rethink currency peg

Kuwait should stop pegging its dinar currency to the US dollar because rising US interest rates are pushing up local borrowing costs and hurting the Kuwaiti economy, a leading lawmaker said on Saturday.
Published 07 Nov, 2005 12:00am
JP Morgan puts life insurance business up for sale

JP Morgan puts life insurance business up for sale

JPMorgan Chase & Co has put its life insurance and annuity operations up for sale, a source familiar with the matter said on Saturday, in the latest move by the No 3 US bank to shed a smaller noncore business.
Published 07 Nov, 2005 12:00am
No abrupt change in monetary policy: BoJ chief

No abrupt change in monetary policy: BoJ chief

Bank of Japan Governor Toshihiko Fukui said on Sunday he saw no abrupt change in the country's four-year-old ultra-easy monetary policy and that a possible change in monetary policy required careful judgement.
Published 07 Nov, 2005 12:00am
Europe gears up for fresh round of budget-haggling

Europe gears up for fresh round of budget-haggling

EU foreign ministers are set to tackle the tough task of drawing up the European Union's 2007-2013 joint budget on Monday as pressure builds to strike a deal by the end of the year.
Published 07 Nov, 2005 12:00am
Hedge fund fraud less likely in Europe than US

Hedge fund fraud less likely in Europe than US

The risk that hedge funds will defraud investors is lower in Europe than in the United States, because most European hedge funds turn to independent administrators to value their books, hedge fund analysts said.
Published 07 Nov, 2005 12:00am
Hedge fund fraud less likely in Europe than US

Hedge fund fraud less likely in Europe than US

The risk that hedge funds will defraud investors is lower in Europe than in the United States, because most European hedge funds turn to independent administrators to value their books, hedge fund analysts said.
Published 07 Nov, 2005 12:00am
Business booms, central banks warn on inflation

Business booms, central banks warn on inflation

The global private sector economy boomed at its fastest rate in 15 months in October, providing ample fuel for central banks to ratchet up warnings of rising inflation and the need for higher interest rates.
Published 07 Nov, 2005 12:00am
'India's growth view improved, risks seen'

'India's growth view improved, risks seen'

India's growth outlook has improved but global imbalances and high oil prices pose risks and any large interest or exchange rate adjustments could impact the economy indirectly, India's central bank chief said on Friday.
Published 07 Nov, 2005 12:00am
Asia's terms of trade swinging from bad to worse

Asia's terms of trade swinging from bad to worse

Imagine your company's revenues fall 55 percent in 2 years while a key production cost rises threefold. Normally, that spells failure. South Korea Inc is not going bankrupt.
Published 07 Nov, 2005 12:00am
US treasury secretary arrives in India

US treasury secretary arrives in India

US Treasury Secretary John Snow arrived in India Sunday ahead of four days of meetings with executives and officials to strengthen economic ties, a spokesman said.
Published 07 Nov, 2005 12:00am
High hopes for Thai tourism as peak season begins

High hopes for Thai tourism as peak season begins

Ten months after the tsunami sent holidaymakers fleeing, Thailand is gearing up for its peak tourist season which promises to restore the industry's fortunes, even in the shadow of bird flu.
Published 07 Nov, 2005 12:00am
Watson injury complicates Test selection

Watson injury complicates Test selection

A possible shoulder injury for Shane Watson has clouded selection issues for Australia ahead of the second cricket Test against the West Indies in Hobart later this month.
Published 07 Nov, 2005 12:00am
England not panicked over batting failure in Pakistan: Strauss

England not panicked over batting failure in Pakistan: Strauss

England's opener Andrew Strauss Sunday said he was not panicked by his team's dismal batting performance in the second tour match against Pakistan but it was an opportunity to work harder ahead of next week's first Test.
Published 07 Nov, 2005 12:00am
Asif wrecks England's batting in second match

Asif wrecks England's batting in second match

Burgeoning paceman Mohammad Asif took seven wickets to end England's hopes of batting practice in their second warm-up match against Pakistan 'A' here on Sunday.
Published 07 Nov, 2005 12:00am
Dementieva and Mauresmo book showdown

Dementieva and Mauresmo book showdown

Third-seeded Amelie Mauresmo of France and No 4 Elena Dementieva of Russia booked a final clash in the 585,000-dollar WTA indoor tournament here on Saturday.
Published 07 Nov, 2005 12:00am
Dechy and Bartoli fall

Dechy and Bartoli fall

Top-seeded Nathalie Dechy and No 3 Marion Bartoli bowed out of the semi-finals on Saturday to end the chance of an all-French final at the 170,000-dollar WTA Bell Challenge.
Published 07 Nov, 2005 12:00am
Patience a wicket virtue for expressman Lee

Patience a wicket virtue for expressman Lee

Brett Lee's quest to be more patient in hurling down his thunderbolts reaped dividends with a career-best five 30 to spur Australia to an overwhelming victory over the West Indies in the first Gabba Test here on Sunday.
Published 07 Nov, 2005 12:00am
Only way to go for damaged West Indies is up

Only way to go for damaged West Indies is up

The West Indies will take some mental scars to their second Test with Australia after their 379-run hammering in the opening Gabba Test here on Sunday.
Published 07 Nov, 2005 12:00am
Sri Lanka beat India by five wickets

Sri Lanka beat India by five wickets

Sri Lanka recorded their first victory in the one-day series in India, winning the fifth international by five wickets here on Sunday. The tourists, chasing India's 285-8 from 50 overs, won with 14 balls to spare in the day-night match at the Motera stadi
Published 07 Nov, 2005 12:00am
Diabetes of Type Two globally on rise

Diabetes of Type Two globally on rise

In Pakistan, the prevalence of diabetes in people over 25 years of age is 12 percent, with another 10 percent having pre-diabetes or Impaired Glucose Tolerance.
Published 07 Nov, 2005 12:00am
Pakistan experiencing wildlife population decline

Pakistan experiencing wildlife population decline

THE WAY most of us treat animals is just deplorable. Man is just not friendly towards other beings. Humans consider themselves the owner of this planet. As its most intelligent beings they take for granted their position and behave in the worst possible m
Published 07 Nov, 2005 12:00am
Affects of environmental pollution

Affects of environmental pollution

When a change occurs in physical, chemical and biological characteristics of air, land and water and this change is harmful to human and other forms of life it is called pollution. An environmental pollution is a result of natural causes such as volcanic
Published 07 Nov, 2005 12:00am