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Print - 2005-11-12
Mild-intensity tremor jolts parts of Balochistan

Mild-intensity tremor jolts parts of Balochistan

A mild-intensity tremor jolted Quetta and Kalat on Friday night. There was no report of any loss. A mild intensity earthquake shook Quetta and Kalat, at 10:40 pm. Its magnitude was 4.9 on the Richter scale. There was no immediate report of any loss.
Published 12 Nov, 2005 12:00am
Mobilink and RPTW to organise festival for quake victims

Mobilink and RPTW to organise festival for quake victims

Rafi Peer Theatre Workshop (RPTW) and Mobilink will be jointly organising "World Performing Arts Festival 2005" here between November 19 and 28, which was expected to host over 500 international artists from more than 40 countries.
Published 12 Nov, 2005 12:00am
Construction of 44 shelters made of CGI sheets completed

Construction of 44 shelters made of CGI sheets completed

Army engineers have completed construction of 44 shelters made of corrugated galvanised iron (CGI) sheets in the quake struck areas to provide proper cover to the survivors from rain, snowfall and severe cold weather.
Published 12 Nov, 2005 12:00am
PRCS allocates Rs 1.4 million for feasibility report

PRCS allocates Rs 1.4 million for feasibility report

Pakistan Red Crescent Society (PRCS)'s Chairman General Jehan Dad Khan (Retd) said the society allocated Rs 1.4 million to work out a feasibility report about reconstruction of quake-hit areas.
Published 12 Nov, 2005 12:00am
Singer donates Rs 2 million

Singer donates Rs 2 million

Singer Pakistan Limited on November 10, 2005 presented to the Governor of Sindh, Dr Ishratul Ibad, a cheque of Rs two million in favour of the "President's Relief Fund for Earthquake Victims 2005" as a humble contribution from the company and employees of
Published 12 Nov, 2005 12:00am
Pakistan''s foreign exchange reserves decline

Pakistan''s foreign exchange reserves decline

The liquid foreign reserves of the country held by the end of week on November 5, 2005, declined by 67.1 million dollars at 11,680.2 million dollars, State Bank of Pakistan stated here on Friday.
Published 12 Nov, 2005 12:00am
Pakistan's foreign exchange reserves decline

Pakistan's foreign exchange reserves decline

The liquid foreign reserves of the country held by the end of week on November 5, 2005, declined by 67.1 million dollars at 11,680.2 million dollars, State Bank of Pakistan stated here on Friday.
Published 12 Nov, 2005 12:00am
Pakistan's foreign exchange reserves decline

Pakistan's foreign exchange reserves decline

The liquid foreign reserves of the country held by the end of week on November 5, 2005, declined by 67.1 million dollars at 11,680.2 million dollars, State Bank of Pakistan stated here on Friday.
Published 12 Nov, 2005 12:00am
Wheat issue price raised

Wheat issue price raised

The government has increased wheat issue price for the mills for 2005-06, from Rs 10,000 to Rs 10,750 per tonne and fixed flour (atta) price (per 20-kg bag) at Rs 250.
Published 12 Nov, 2005 12:00am
SPORTS WORLD: Two balanced outfits lock horns in Multan today

SPORTS WORLD: Two balanced outfits lock horns in Multan today

The first trial of strength between Pakistan and England begins at the newly renovated Multan Cricket Stadium this morning in which the experts feel that the visiting side having come here with six successive Test series victories in their favour can furt
Published 12 Nov, 2005 12:00am
Wheat issue price raised

Wheat issue price raised

The government has increased wheat issue price for the mills for 2005-06, from Rs 10,000 to Rs 10,750 per tonne and fixed flour (atta) price (per 20-kg bag) at Rs 250.
Published 12 Nov, 2005 12:00am
Medical care to quake victims termed unsatisfactory

Medical care to quake victims termed unsatisfactory

Lack of proper training in trauma management, compromising quality of urgently required medical intervention and care to the victims of trauma was observed in handling injured exposed to ravages of recent earth quake in the country.
Published 12 Nov, 2005 12:00am
Share prices show erratic behaviour

Share prices show erratic behaviour

The share prices on Friday showed erratic movement and volley of selling and buying pressure was witnessed which forced the index to move like a pendulum as investors were hesitant to build long positions.
Published 12 Nov, 2005 12:00am
Bid foiled to smuggle statues worth millions of dollars

Bid foiled to smuggle statues worth millions of dollars

The Collectorate of Customs, Exports, Karachi, foiled an attempt at Port Muhammad Bin Qasim to smuggle 150-200 years old Gandhara statues worth millions of dollars, destined for United States of America (USA).
Published 12 Nov, 2005 12:00am
Share prices show erratic behaviour

Share prices show erratic behaviour

The share prices on Friday showed erratic movement and volley of selling and buying pressure was witnessed which forced the index to move like a pendulum as investors were hesitant to build long positions.
Published 12 Nov, 2005 12:00am
Share prices show erratic behaviour

Share prices show erratic behaviour

The share prices on Friday showed erratic movement and volley of selling and buying pressure was witnessed which forced the index to move like a pendulum as investors were hesitant to build long positions.
Published 12 Nov, 2005 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 12 Nov, 2005 12:00am
Up to 30 percent raise in 4 Discos tariff proposed

Up to 30 percent raise in 4 Discos tariff proposed

The National Electric Power Regulatory Authority (Nepra) has recommended up to 30 percent raise in power rates for consumers of Hesco, Qesco, Pesco and Mepco but has not touched the tariff schedules of Iesco, Lesco, Fesco and Gepco, sources in Nepra told
Published 12 Nov, 2005 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm
Published 12 Nov, 2005 12:00am
One killed in Indian occupied Kashmir

One killed in Indian occupied Kashmir

Indian occupation troops killed a suspected freedom fighter in occupied Kashmir on Friday during a large-scale sweep for suspects in the shooting death of a senior Indian occupation army official, an army spokesman said.
Published 12 Nov, 2005 12:00am
Turkish NGO desires to set up school in Karachi

Turkish NGO desires to set up school in Karachi

A delegation under the leadership of former education minister of Turkey and ex-director general Overseas Education and Chairman Private Schools Association Aysel Aytac on Friday called on Sindh Chief Minister Dr Arbab Ghulam Rahim and expressed desire to
Published 12 Nov, 2005 12:00am
CURRENT TOPICS: The fall of the Russian Empire and the rise of Russia

CURRENT TOPICS: The fall of the Russian Empire and the rise of Russia

Normally we speak of the disintegration of USSR (Union of Soviet Socialist Republic) in 1991. But actually the Russian Empire founded by Romanov Czars flourished until taken over by Marxist Revolution led by Lenin in October 1917 to establish proletariat
Published 12 Nov, 2005 12:00am
Nepalese envoy presents $50,000 cheque to Prime Minister

Nepalese envoy presents $50,000 cheque to Prime Minister

Ambassador of Nepal in Pakistan Pushkar Man Singh Rajbhandori presented a cheque of dollars 50,000 to Prime Minister Shaukat Aziz for the victims of earthquake at Prime Minister Secretariat here on Friday. The Prime Minister thanked the government and peo
Published 12 Nov, 2005 12:00am
China may donate seismological equipment

China may donate seismological equipment

China is likely to donate high class seismological instruments to Pakistan for the survey of hot areas of earthquake in Azad Kashmir and in Balakot, PPI learnt.
Published 12 Nov, 2005 12:00am
Thai rice futures firm, volume falls

Thai rice futures firm, volume falls

Thai rice futures rose for the second consecutive session on Friday as investors continued to cover their short positions, brokers said. Overall volume dropped as 73 contracts of 5 percent white rice were traded compared to Thursday's 87.
Published 12 Nov, 2005 12:00am
US relief assistance appreciable: Karamat

US relief assistance appreciable: Karamat

Pakistani Ambassador to United States Jehangir Karamat on Thursday said it was a matter of acknowledgement that the US was doing so much for assisting Pakistan in quake relief work.
Published 12 Nov, 2005 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 80,974 tonnes of cargo including 70,793 tonnes import and 10,181 tonnes export cargo including 3,957 containers during last 24 hours ending at 0700 hours on Friday.
Published 12 Nov, 2005 12:00am
Corn ends down to new lows amid USDA data

Corn ends down to new lows amid USDA data

Corn futures at the Chicago Board of Trade ended lower on Thursday and new contract lows were set after the release of bearish crop production numbers from the US Department of Agriculture, traders said.
Published 12 Nov, 2005 12:00am
One killed in Indian occupied Kashmir

One killed in Indian occupied Kashmir

Indian occupation troops killed a suspected freedom fighter in occupied Kashmir on Friday during a large-scale sweep for suspects in the shooting death of a senior Indian occupation army official, an army spokesman said.
Published 12 Nov, 2005 12:00am
Dubai aims for first steel contract

Dubai aims for first steel contract

Dubai's new commodities exchange expects to launch the world's first exchange-traded steel futures contract in the second quarter of 2006, senior officials said.
Published 12 Nov, 2005 12:00am
Quake: Pakistan tables resolution in UNGA

Quake: Pakistan tables resolution in UNGA

Pakistan on Friday tabled a draft resolution in the General Assembly calling for the appointment of a special UN envoy to deal with the aftermath of the devastating earthquake that struck northern parts of the country.
Published 12 Nov, 2005 12:00am
South African maize mixed

South African maize mixed

South African maize prices were mixed on Friday and were seen stuck in a fairly broad range ahead of estimates of planting intentions in 10 days.
Published 12 Nov, 2005 12:00am
Quake: Pakistan tables resolution in UNGA

Quake: Pakistan tables resolution in UNGA

Pakistan on Friday tabled a draft resolution in the General Assembly calling for the appointment of a special UN envoy to deal with the aftermath of the devastating earthquake that struck northern parts of the country.
Published 12 Nov, 2005 12:00am
Brazil crushes 305.9 million tonnes sugar cane

Brazil crushes 305.9 million tonnes sugar cane

Brazil crushed 305.9 million tonnes or 90 percent of the center-south sugar cane crop by November 1, the Sao Paulo Cane Agroindustry Union (Unica) said on Friday. At this time during the 2004/05 (May/April) crop, 277.4 million tonnes of the cane in the ce
Published 12 Nov, 2005 12:00am
UN prioritises aid, sickness spreads

UN prioritises aid, sickness spreads

Aid agencies are prioritising help for earthquake survivors, focusing on high-altitude communities, but that is leaving others vulnerable as sickness spreads, a UN official said on Friday.
Published 12 Nov, 2005 12:00am
Pursuing higher education abroad

Pursuing higher education abroad

For many years now, most of our promising young minds have opted to move out of the country with foreign education and their resulting degrees accepted as the best chance for a settled and more secure future when compared to what the local education secto
Published 12 Nov, 2005 12:00am
Pakistan cautions on UNSC reform

Pakistan cautions on UNSC reform

Emphasising the need for consensus on UN Security Council reform, Pakistan has cautioned the General Assembly against any "precipitative move" to secure a decision by a vote.
Published 12 Nov, 2005 12:00am
CAPITAL CULTURE: Memorial for the Margalla and quake victims

CAPITAL CULTURE: Memorial for the Margalla and quake victims

Eid was a quiet affair in the Capital. Chand Raat saw a lot of cars on the roads. However, the usual excitement and exuberance was missing. Police was visible everywhere. The Ramazan's blessed conclusion was welcomed by all and sundry but the Eid didn't h
Published 12 Nov, 2005 12:00am
Arafat's first death anniversary observed

Arafat's first death anniversary observed

Arab Palestinians living in Pakistan including Islamabad observed on Friday the first anniversary of the death of PLO Founder Chief and Chairman Yasser Arafat, reports UPP correspondent.
Published 12 Nov, 2005 12:00am
BOOK REVIEW: The Floating Universe

BOOK REVIEW: The Floating Universe

There are not many people who would tell you that your responsibilities as parents begin when you have become a grandpa and your grown up children have settled away from you either in the same city or in a distant land.
Published 12 Nov, 2005 12:00am
President postpones COMSTECH meeting

President postpones COMSTECH meeting

Due to the calamitous circumstances President General Pervez Musharraf, who is also chairman of COMSTECH (OIC Ministerial Standing Committee for Science & Technology), has decided to postpone the upcoming 12th General Assembly meeting of COMSTECH, which w
Published 12 Nov, 2005 12:00am
Nursing cares in the earthquake area

Nursing cares in the earthquake area

In the wake of earthquake there was an acute shortage of nurses, even though a large number of doctors, physicians and surgeons had reached the disaster areas. It was realised by the aid workers that specific jobs needed specific support to effectively ha
Published 12 Nov, 2005 12:00am
LAHORE CULTURAL DIARY: The saddest Eid since 1970

LAHORE CULTURAL DIARY: The saddest Eid since 1970

This year Eid in Lahore was not celebrated with traditional enthusiasm and fervour. It reminded us of the unprecedented cyclone, which killed over 200,000 people in East Pakistan, which was then the eastern wing of the united Pakistan.
Published 12 Nov, 2005 12:00am
Sarangi-playing to classical vocalisation

Sarangi-playing to classical vocalisation

History of classical music in the sub-continent is replete with numerous examples of professional gharana musicians, which began their career by playing string instrument Sarangi but ended up with practising classical vocalisation of the kheyal variety.
Published 12 Nov, 2005 12:00am
Only $211.2 million received so far

Only $211.2 million received so far

The Federal Relief Commissioner Major General Farooq Ahmed Khan on Friday asked the international community to generously contribute towards the rescue and rehabilitation operation for the earthquake affectees in Azad Jammu and Kashmir and NWFP before the
Published 12 Nov, 2005 12:00am
Helpless

Helpless

There was despair all around,
Published 12 Nov, 2005 12:00am
Wheat issue price raised

Wheat issue price raised

The government has increased wheat issue price for the mills for 2005-06, from Rs 10,000 to Rs 10,750 per tonne and fixed flour (atta) price (per 20-kg bag) at Rs 250.
Published 12 Nov, 2005 12:00am
Dollar gains, pushing euro to new two-year low

Dollar gains, pushing euro to new two-year low

The dollar gained against the euro and the yen on Thursday, with the euro dropping to a new two-year low, after a record US trade deficit failed to dispel investor optimism for higher interest rates.
Published 12 Nov, 2005 12:00am
Lawyer and his client fined

Lawyer and his client fined

The Lahore High Court (LHC) has imposed a fine of Rs 5,000 each upon a lawyer Zafar Hussain and his client Rafiq for concealing some facts. The court also convicted Rafiq for a month's imprisonment however he has been allowed to file an appeal against the
Published 12 Nov, 2005 12:00am
WTO rules support trade barriers to protect consumers

WTO rules support trade barriers to protect consumers

Dr Manzoor Ahmad, Pakistan Ambassador to WTO at Geneva, has said that agriculture, GATS and rules are important areas in the WTO negotiations for Pakistan. He said this at meeting about WTO at Lahore Chamber of Commerce and Industry (LCCI) on Friday.
Published 12 Nov, 2005 12:00am
UIC declares 25 percent bonus shares

UIC declares 25 percent bonus shares

United Insurance Company (UIC), ranked among the first five national insurance companies by the Securities and Exchange Commission, has announced 25 percent bonus shares, according to the new country Head Dr Murtaza Mughal.
Published 12 Nov, 2005 12:00am
UIC declares 25 percent bonus shares

UIC declares 25 percent bonus shares

United Insurance Company (UIC), ranked among the first five national insurance companies by the Securities and Exchange Commission, has announced 25 percent bonus shares, according to the new country Head Dr Murtaza Mughal.
Published 12 Nov, 2005 12:00am
Sweetwater chief in Karachi

Sweetwater chief in Karachi

Franklin D. Johnson, Chairman Board of Directors Sweetwater International, USA is currently on six-day working visit to Pakistan. During his stay he will assess the operations of Sweetwater Pakistan and undertake visit of the Sweetwater institute besides
Published 12 Nov, 2005 12:00am
Removing administrative hurdles

Removing administrative hurdles

As a follow-up to the President's Initiative, launched last September to remove administrative hurdles that act as a disincentive for foreign investors, the government announced procedural changes last week for PC-1 approval, setting a six-week deadline f
Published 12 Nov, 2005 12:00am
Post-trauma counselling

Post-trauma counselling

Prime Minister Shaukat Aziz has constituted a national task force headed by a psychologist to provide psychiatric services and post-trauma counselling to the victims of the October 8 earthquake that devastated AJK and parts of NWFP.
Published 12 Nov, 2005 12:00am
Growth needs education for all

Growth needs education for all

In the last two years, Pakistan has witnessed an economic comeback. This year real the GDP growth stands at an impressive 8.4 percent, but the vital question is if the growth has been pro poor? Inflation is on a constant rise as well as poverty, which has
Published 12 Nov, 2005 12:00am
Stay or go; quake villagers' wintry dilemma

Stay or go; quake villagers' wintry dilemma

Will they stay in the mountains or will they go down to Muzaffarabad, where water and sanitation problems are causing misery for many earthquake survivors?
Published 12 Nov, 2005 12:00am
Rescue and relief work

Rescue and relief work

In 1973 Yum Kippur war against Israel, foldable and floating bridges were laid across the Suez Canal for swift mobilisation of the Egyptian Army. Within hours, infantry and armoured divisions crossed over and barged into Sinai, smashing the hitherto invin
Published 12 Nov, 2005 12:00am
Adopting children

Adopting children

It was rather strange to know that the famous pop star has been allowed to take away the new-born baby left orphan by the devastating earthquake 2005.
Published 12 Nov, 2005 12:00am
Refurbished PIA cafeteria inaugurated

Refurbished PIA cafeteria inaugurated

PIA CEO and Chairman Tariq Kirmani on Friday inaugurated the newly furnished and revamped PIA Cafeteria providing modern facilities. A few weeks after taking over, Tariq Kirmani one day went to have lunch at the main PIA staff canteen, being run by a cont
Published 12 Nov, 2005 12:00am
SHC allows petition

SHC allows petition

A division bench of the High Court of Sindh (SHC) comprising Chief Justice Sabihuddin Ahmed and Justice Muhammad Athar Siddiqui on Friday allowed a constitution petition filed by a local industrialist seeking exclusion of his name from Exit Control List (
Published 12 Nov, 2005 12:00am
Benazir to appear before Swiss magistrate on November 24

Benazir to appear before Swiss magistrate on November 24

PPP Chairperson Benazir Bhutto will appear before the Swiss Inquiry Magistrate on November 24 and November 25 to assist the inquiry triggered by politically motivated allegations of abuse of office made by the regime in Islamabad, said spokesman of the Pa
Published 12 Nov, 2005 12:00am
MMA accuses government of hiding quake losses

MMA accuses government of hiding quake losses

Muttahida Majlis-i-Amal (MMA) has criticised the government for keeping people of the country in dark regarding losses due to October 08, 2005 earthquake and demanded provision of at least Rs 250,000 instead of mere Rs 25,000 for construction of shelters
Published 12 Nov, 2005 12:00am
Quake causes $500 million loss to agriculture sector in NWFP

Quake causes $500 million loss to agriculture sector in NWFP

The devastating earthquake of October 8 caused damages to about $500 million (Rs 30 billion) covering crops, livestock and irrigation infrastructure of agriculture sector in NWFP. Major damage struck to the livestock and livestock housing, crops and store
Published 12 Nov, 2005 12:00am
US MIDDAY: platinum dips on fund buying

US MIDDAY: platinum dips on fund buying

Platinum in New York pulled back from a prior 26-year high early on Friday as the recent speculative and fund buying fizzled out before the weekend, while other precious metals traded mixed, dealers said.
Published 12 Nov, 2005 12:00am
US MIDDAY: copper soars on funds buying

US MIDDAY: copper soars on funds buying

US copper futures surged to new peak levels early on Friday, playing catch-up to London's dramatic all-time highs set when funds continued buying on supply worries, traders said.
Published 12 Nov, 2005 12:00am
US MIDDAY: wheat firmer on technical bounce

US MIDDAY: wheat firmer on technical bounce

Wheat futures at the Chicago Board of Trade were firm early on Friday amid a short-covering technical bounce following the lower close on Thursday, traders said.
Published 12 Nov, 2005 12:00am
US MIDDAY: corn eases on new contract

US MIDDAY: corn eases on new contract

Corn futures at the Chicago Board of Trade were flat to weak early on Friday, with new contract lows notched amid spillover pressure the day after USDA's November crop production report, traders said.
Published 12 Nov, 2005 12:00am
US MIDDAY: sugar mixed on options-related business

US MIDDAY: sugar mixed on options-related business

Raw sugar futures closed tightly mixed on Friday as thin trading volume and technical and options-related business dominated an uneventful session, floor brokers said.
Published 12 Nov, 2005 12:00am
US MIDDAY: cocoa down on poor technical signals

US MIDDAY: cocoa down on poor technical signals

US cocoa futures closed down 2 percent on Friday after nearby contracts hit new lows amid a firm dollar, poor technical signals and rising bean arrivals at ports in No 1 cocoa producer Ivory Coast, traders said.
Published 12 Nov, 2005 12:00am
Platinum off peaks, gold steadies in Europe

Platinum off peaks, gold steadies in Europe

Platinum traded just below a near-26-year high in Europe on Friday, but the precious metal has the potential to climb towards the big number of $1,000 an ounce on speculative and trade buying, dealers said. Palladium rose to a 17-month peak, while gold wa
Published 12 Nov, 2005 12:00am
Copper posts $4,105 a tonne mark

Copper posts $4,105 a tonne mark

London Metal Exchange (LME) copper closed at a record $4,105 a tonne on Friday on fund buying as investors discounted talk of deliveries by China and focused on supply tightness instead, dealers said. Copper closed at $4,105, up $97 from Thursday.
Published 12 Nov, 2005 12:00am
London sugar weaker

London sugar weaker

London sugar futures closed weaker on Friday as market operators felt buying had been overdone on Thursday, and the overall mood remained mildly bearish, traders said. Most-active March settled down 50 cents at $286.50 per tonne in volume of 2,432 lots, a
Published 12 Nov, 2005 12:00am
Mexico coffee pioneers fear failure

Mexico coffee pioneers fear failure

Until last month, Victor Martinez lived in an idyllic flower-ringed plantation house at the center of a sprawling coffee estate known for its pioneering output-boosting irrigation system.
Published 12 Nov, 2005 12:00am
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