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Print - 2005-12-06
Children are 'toy rich, cash poor'

Children are 'toy rich, cash poor'

Parents pamper their children at Christmas by lavishing gifts worth an average 150 pounds on their little darlings, one leading building society said on Monday, but only half save anything for their children's future.
Published 06 Dec, 2005 12:00am
Chavez lawmakers claim victory

Chavez lawmakers claim victory

Lawmakers loyal to Venezuelan President Hugo Chavez said on Monday they had won all 167 seats in the National Assembly, after only about one-fourth of eligible voters participated in an election boycotted by the opposition.
Published 06 Dec, 2005 12:00am
Rice defends detainee tactics

Rice defends detainee tactics

Secretary of State Condoleezza Rice on Monday defended US treatment of terrorism suspects, telling European allies they should trust the United States as they cooperate in intelligence operations to prevent new attacks.
Published 06 Dec, 2005 12:00am
Japan's defence chief wants to keep troops in Iraq

Japan's defence chief wants to keep troops in Iraq

Japan's defence chief, just back from a visit to Iraq, said on Monday he wanted to extend the deployment of Japanese non-combat troops in southern Iraq, as security conditions in the area were stable.
Published 06 Dec, 2005 12:00am
UN begins quizzing Syrians over Hariri

UN begins quizzing Syrians over Hariri

UN investigators started questioning five Syrian officials in Vienna on Monday over the assassination of former Lebanese prime minister Rafik al-Hariri in Beirut, diplomatic sources said.
Published 06 Dec, 2005 12:00am
Myanmar vows 'disciplined democracy'

Myanmar vows 'disciplined democracy'

A top Myanmar general Monday insisted a new round of constitutional talks would move the country toward "disciplined democracy", despite a chorus of international demands to step up reforms.
Published 06 Dec, 2005 12:00am
'Enemy fire' forced down US helicopters in Afghanistan

'Enemy fire' forced down US helicopters in Afghanistan

Hostile fire forced two US helicopters to make emergency landings in volatile southern Afghanistan, injuring five US soldiers and an Afghan, the US military said Monday as three Afghan troops were wounded by a remote-controlled bomb.
Published 06 Dec, 2005 12:00am
US mocking world law over secret jails: Amnesty

US mocking world law over secret jails: Amnesty

The United States' refusal to confirm or deny allegations the CIA has run secret prisons in Eastern Europe is a mockery of international law, rights group Amnesty International said on Monday.
Published 06 Dec, 2005 12:00am
Five Israelis killed in suicide bombing

Five Israelis killed in suicide bombing

Five Israelis were killed and dozens wounded on Monday when a suicide bomber blew himself up at the entrance to a shopping mall in the northern coastal town of Netanya.
Published 06 Dec, 2005 12:00am
French engineer kidnapped from Baghdad home

French engineer kidnapped from Baghdad home

Gunmen seized a French engineer from outside his home in Baghdad on Monday, beating their screaming victim as they hauled him to their getaway car, neighbours said.
Published 06 Dec, 2005 12:00am
33 more sentenced over Andijan revolt

33 more sentenced over Andijan revolt

Thirty-three men accused of taking part in an uprising in the eastern Uzbek province of Andijan in May have received jail sentences ranging from 12 to 17 years after closed trials, Uzbekistan's supreme court said Monday.
Published 06 Dec, 2005 12:00am
OIC summit to seek moderate Islam image

OIC summit to seek moderate Islam image

Leaders of the 57-nation Organisation of the Islamic Conference meet later this week in Saudi Arabia to restore a moderate image of Islam, harmed by terror attacks carried out by extremists.
Published 06 Dec, 2005 12:00am
Russia defends Iran missile sale

Russia defends Iran missile sale

Defence Minister Sergei Ivanov on Monday defended Russia's sale of sophisticated air defence missile systems to Iran, saying the controversial deal respected the letter and spirit of international law and did not upset the balance of power in the Middle E
Published 06 Dec, 2005 12:00am
Iran won't give up uranium enrichment plan: Larijani

Iran won't give up uranium enrichment plan: Larijani

Iran's top nuclear negotiator reiterated Monday that Tehran would not give up its nuclear fuel ambitions, dismissing a proposal for the Islamic republic to conduct sensitive enrichment work abroad.
Published 06 Dec, 2005 12:00am
Kazakhstan's leader wins re-election; poll flawed

Kazakhstan's leader wins re-election; poll flawed

Kazakhstan's President Nursultan Nazarbayev won re-election by a landslide on Monday, but international observers branded the vote flawed, citing ballot box stuffing and the intimidation of opposition campaigners.
Published 06 Dec, 2005 12:00am
EU calls on Gyanendra to declare truce

EU calls on Gyanendra to declare truce

The European Union (EU) on Monday called on Nepal's King Gyanendra to call a truce with Maoist rebels, who extended a unilateral cease-fire by one month after joining efforts to restore democracy there.
Published 06 Dec, 2005 12:00am
Egyptian court sends Mubarak rival Nour to jail

Egyptian court sends Mubarak rival Nour to jail

An Egyptian court on Monday sent liberal politician and former presidential candidate Ayman Nour to jail until December 10 in the middle of his trial for forgery.
Published 06 Dec, 2005 12:00am
Sterling tracks euro up versus dollar

Sterling tracks euro up versus dollar

Sterling rose in tandem with the euro against the dollar on Monday before British Finance Minister Gordon Brown's pre-budget report. "It does seem to be dollar weakness rather than sterling strength," said Neil Parker, market strategist at Royal Bank of S
Published 06 Dec, 2005 12:00am
Yen hits record low versus euro

Yen hits record low versus euro

The yen fell to a record low versus the euro and a 32-month low against the dollar on Monday after Japanese officials signalled on the sidelines of a G7 meeting that they were unfazed by the currency's slide.
Published 06 Dec, 2005 12:00am
Bonds: NTL tighter, GMAC wider

Bonds: NTL tighter, GMAC wider

British cable operator NTL rallied modestly in the European corporate bond market on Monday after it unveiled a bid for Virgin Mobile, but elsewhere activity was limited by the impending holiday season.
Published 06 Dec, 2005 12:00am
Bonds: NTL tighter, GMAC wider

Bonds: NTL tighter, GMAC wider

British cable operator NTL rallied modestly in the European corporate bond market on Monday after it unveiled a bid for Virgin Mobile, but elsewhere activity was limited by the impending holiday season.
Published 06 Dec, 2005 12:00am
Indian shares close lower

Indian shares close lower

Indian share prices closed 1.54 percent lower Monday as investors sold leading index shares after recent gains triggered by strong economic growth, dealers said.
Published 06 Dec, 2005 12:00am
BSkyB leads FTSE retreat

BSkyB leads FTSE retreat

Britain's leading share index fell back on Monday as investors locked in gains in the mining sector and as pay-TV firm BSkyB slipped on concerns a tie-up between Virgin Mobile and NTL would increase the battle for subscribers.
Published 06 Dec, 2005 12:00am
London sugar near eight-year peak

London sugar near eight-year peak

London white sugar futures closed near a fresh eight-year high, boosted by trade short covering with funds on both sides of the market, traders said.
Published 06 Dec, 2005 12:00am
Copper consolidates recent gains, eyes options

Copper consolidates recent gains, eyes options

London Metal Exchange (LME) copper prices ended little changed in Monday's floor trading, consolidating in moderate business ahead of options declarations on Wednesday, dealers said.
Published 06 Dec, 2005 12:00am
Oil climbs to one-month high as chill spurs demand

Oil climbs to one-month high as chill spurs demand

Oil prices climbed briefly to a one-month high above $60 a barrel on Monday as cold weather swept into the US Northeast, boosting demand in the world''s biggest heating oil market.
Published 06 Dec, 2005 12:00am
Oil climbs to one-month high as chill spurs demand

Oil climbs to one-month high as chill spurs demand

Oil prices climbed briefly to a one-month high above $60 a barrel on Monday as cold weather swept into the US Northeast, boosting demand in the world's biggest heating oil market.
Published 06 Dec, 2005 12:00am
Oil climbs to one-month high as chill spurs demand

Oil climbs to one-month high as chill spurs demand

Oil prices climbed briefly to a one-month high above $60 a barrel on Monday as cold weather swept into the US Northeast, boosting demand in the world's biggest heating oil market.
Published 06 Dec, 2005 12:00am
New York cotton settles firmer

New York cotton settles firmer

Cotton futures ended slightly higher Monday on buying by small speculators in quiet dealings as most players sat back to wait for the release of a government crop report at the end of this week, brokers said.
Published 06 Dec, 2005 12:00am
Gold near 23-year high in Europe

Gold near 23-year high in Europe

Gold held near 23-year highs on Monday after another round of fund buying spurred by worries over inflation and by a strong appetite for commodity investments.
Published 06 Dec, 2005 12:00am
Big US farm subsidies violate WTO agreement: study

Big US farm subsidies violate WTO agreement: study

US farm subsidy programmes are in direct violation of the country's agreement with the World Trade Organisation, both in amount spent and the effect on market prices, according to a study published on Monday by a policy think tank.
Published 06 Dec, 2005 12:00am
PIA begins Haj operation

PIA begins Haj operation

PIA's first pre-Haj flight from Karachi left today (December 5) with 456 pilgrims on board, signalling the beginning of the national airline's massive Haj operation to Saudi Arabia from five cities, including Karachi, Lahore, Peshawar, Quetta and Islamaba
Published 06 Dec, 2005 12:00am
World book fair at Karachi from December 7

World book fair at Karachi from December 7

An international book fair will be held in the metropolis from December 7. This was announced by the Convener of the Managing Committee, Ameena Saiyid and Chairman of the Pakistan Publishers and Booksellers Association (PPBA) Aziz Khalid, while addressing
Published 06 Dec, 2005 12:00am
OIC nations urged to start university-based R&D activities

OIC nations urged to start university-based R&D activities

Scholars and representatives of research institutes and industry have recommended that all OIC countries, in their respective countries, should promote university-based research and development activities for advancement of socio-economic conditions.
Published 06 Dec, 2005 12:00am
ConnectIT 2005 to begin from December 8

ConnectIT 2005 to begin from December 8

Organiser of the International Exhibition & Conference on Connectivity and IT, Pegasus Consultancy, has said leading international companies from over 12 countries have pledged to participate at the 3-day event.
Published 06 Dec, 2005 12:00am
Death sentence

Death sentence

Death sentence is becoming a buzz-word nowadays. Six members of a family were hanged to death for killing three persons over dispute on November 30. Even three times deferment of sentences could not keep them safe. Recently the Anti-Terrorism Court reject
Published 06 Dec, 2005 12:00am
Bogus social welfare societies

Bogus social welfare societies

There are many social welfare societies and NGOs functioning in this country. Our government has granted a sufficient amount of funds to such societies and organisations.
Published 06 Dec, 2005 12:00am
Donors conference

Donors conference

To the delight of the people and government of Pakistan, the representatives of the participating states from all over the world, led by the UN Secretary General, spontaneously pledged generous donations and assistance in the gigantic task of the reconstr
Published 06 Dec, 2005 12:00am
Protection of quake orphans, destitute women

Protection of quake orphans, destitute women

Orphaned by an earthquake almost eight weeks ago, Abdul Waheed watches other boys in a government-run refuge play cricket as he waits for his turn to bat. The 13-year-old Pakistani boy feels safer than at any time since the disaster killed his widower fat
Published 06 Dec, 2005 12:00am
Building scandal jolts Japan's quake-proof dreams

Building scandal jolts Japan's quake-proof dreams

When young couples bought luxurious condominiums in this southern suburb of Tokyo last year, they never thought the value of the biggest purchase in their lives would evaporate within months.
Published 06 Dec, 2005 12:00am
An ineffective and controlled chairman

An ineffective and controlled chairman

Recently, the Securities and Exchange Authority of Pakistan (SEAP) has issued directives to the Stock Exchanges of the country to appoint their respective Chairman for their Board from the directors nominated by SEAP.
Published 06 Dec, 2005 12:00am
A new employment plan

A new employment plan

As per a decision that the Sindh government finalised at the recent Secretaries' Committee meeting, henceforth the required manpower for the province's departments of education, health, and works and services will be hired on contractual basis.
Published 06 Dec, 2005 12:00am
Make-up of monetary policy in different environments

Make-up of monetary policy in different environments

Political pressure on the European Central Bank not to raise interest rates as it might undermine the fragile economic recovery appears, to have influenced the Bank's decision for a quarter percentage point raise.
Published 06 Dec, 2005 12:00am
Yamaha Junoon YD-100 launched

Yamaha Junoon YD-100 launched

Dawood Yamaha Limited has launched new model of its four-stroke motorcycle Yamaha Junoon YD-100, to target new generation here on Monday.
Published 06 Dec, 2005 12:00am
Technical board amends rechecking rules on ombudsman's order

Technical board amends rechecking rules on ombudsman's order

The Punjab Board of Technical Education, Lahore, has amended its rules pertaining to checking of answer copies, and new rules have been framed for disposal and preservation of examination-related documents on the directives of Punjab Ombudsman, Rao Abdur
Published 06 Dec, 2005 12:00am
Call for supporting volunteers

Call for supporting volunteers

Like other parts of world, 'International Volunteer Day' was observed here on Monday with a renewed pledge that all out efforts would continue to promote volunteerism, strengthening support provided to volunteers, and recognising the contributions of volu
Published 06 Dec, 2005 12:00am
Private sector to be involved for improving railway system

Private sector to be involved for improving railway system

Railway Minister Mian Shamim Haider, while inaugurating the first 'access to track' conference here on Monday, has said the basic objective of holding this moot is to involve the private sector for improving the existing system of the railways.
Published 06 Dec, 2005 12:00am
Madressah boards may get powers to issue matric certificates

Madressah boards may get powers to issue matric certificates

Federal Minister for Religious Affairs, Ijaz ul Haq has said the government, in view of Madressah's role towards improving the literacy rate, is considering to give powers to Madressah Boards to issue matriculate certificates on the pattern of Aga Khan Bo
Published 06 Dec, 2005 12:00am
Shamshad's appointment hailed

Shamshad's appointment hailed

Convener LCCI Standing Committee on Banking Noman Kabir has hailed the appointment of Dr Shamshad Akhtar as Governor State Bank of Pakistan, says a press release here.
Published 06 Dec, 2005 12:00am
First Haj flight leaves for Jeddah

First Haj flight leaves for Jeddah

The inaugural Haj flight carrying 115 intending pilgrims left for Jeddah from Multan airport on Monday.
Published 06 Dec, 2005 12:00am
Marghoob made PML-N Lahore chief

Marghoob made PML-N Lahore chief

PML-N leadership has appointed Mian Marghoob Ahmad as PML-N President Lahore who has been attached with the party for the last 18 years. PML-N General Secretary Zaeem Qadri disclosed this during a press conference here on Monday.
Published 06 Dec, 2005 12:00am
'E-filing of returns to facilitate taxpayers'

'E-filing of returns to facilitate taxpayers'

The newly-introduced system of e-filing of sales tax and federal excise directly to Central Board of Revenue (CBR) is a step forward towards facilitating the taxpayers apart from further minimising their interaction with the tax collectors.
Published 06 Dec, 2005 12:00am
Experts call for organising biomedical research activities

Experts call for organising biomedical research activities

Medical researchers and senior professionals have called for organising biomedical research activities and assigning institutions such as the University of Health Sciences (UHS) and Pakistan Medical Research Council (PMRC) more effective role in co-ordina
Published 06 Dec, 2005 12:00am
Moot on e-filing of tax returns on December 7

Moot on e-filing of tax returns on December 7

A seminar on the electronic filing of sales tax and federal excise returns is being held on Wednesday at Directorate of Training Satluj Block Allama Iqbal Town Lahore.
Published 06 Dec, 2005 12:00am
Goods worth Rs 20 million looted

Goods worth Rs 20 million looted

More than two dozen armed dacoits successfully escaped with cloth consignment and textile machinery worth Rs 20 million from two textile mills of Khurrianwala Sheikhupura Road, here last night.
Published 06 Dec, 2005 12:00am
Proclaimed offender killed in police encounter

Proclaimed offender killed in police encounter

A notorious dacoit and proclaimed offender Nehao, involved in several cases of robbery, was killed in a police encounter here at Ahmadpur Sharqia tehsil on Monday while A citizen was injured due to the firing of the accused.
Published 06 Dec, 2005 12:00am
Petition filed against publishing company

Petition filed against publishing company

A member of the Lahore High Court Bar Association (LHCBA) has filed a petition before the Lahore High Court (LHC) praying to direct the respondent government to cease all those copies of the Holy Quran in which a publishing company have changed the names
Published 06 Dec, 2005 12:00am
Leghari concerned over untimely closure of DG Khan canal

Leghari concerned over untimely closure of DG Khan canal

Former President of Pakistan Sardar Farooq Ahmed Leghari has expressed fear that thousands of people would be deprived of drinking water and wheat crop could not be cultivated on 0.9 million acres of land in Dera Ghazi Khan and Rajanpur districts due to u
Published 06 Dec, 2005 12:00am
Chinese team visits FPCCI today

Chinese team visits FPCCI today

A 10-member Chinese purchasing delegation will be visiting Federation of Pakistan Chambers of Commerce and Industry (FPCCI) to meet with the office bearers and members of FPCCI on December 6. This was announced by the Secretary General of the FPCCI on Mon
Published 06 Dec, 2005 12:00am
Proper assessment of HIV/AIDS prevalence urged

Proper assessment of HIV/AIDS prevalence urged

Aldo Landi, Country Director, UNAIDS Pakistan, expressing his reservations regarding the reported figure of 3000 plus HIV/AIDS cases in the country, has called for realistic approach to identify exact numbers and measures to handle the situation.
Published 06 Dec, 2005 12:00am
Sialkot represents craftsmen-turned entrepreneurs

Sialkot represents craftsmen-turned entrepreneurs

Sialkot Chamber of Commerce and Industry (SCCI) Vice President Sheikh Ejaz Ahmad Soni has said Sialkot represents craftsmen-turned entrepreneurs who had made Sialkot the only export-oriented city of Pakistan.
Published 06 Dec, 2005 12:00am
The Weather

The Weather

The weather report on Monday (December 05, 2005) and the forecast for Tuesday (December 06, 2005).
Published 06 Dec, 2005 12:00am
PSCBP launched to enforce good governance in country

PSCBP launched to enforce good governance in country

The federal government has launched 'public sector capacity building project (PSCBP)' in order to implement its agenda of good governance in the country, which will be completed with the financial assistance of the International Development Association (I
Published 06 Dec, 2005 12:00am
Gems trade market soon in NWFP

Gems trade market soon in NWFP

Export Processing Zone Authority (EPZA) would establish gems trade market shortly for promotion of precious and semi- precious stones in the frontier province, said EPZA Chairperson Rukhsana Salim here on Monday.
Published 06 Dec, 2005 12:00am
New York cotton

New York cotton

Friday's closing prices of New York cotton in US cents/lb.

Published 06 Dec, 2005 12:00am
MoU signed to operationalise kidney centre

MoU signed to operationalise kidney centre

A Memorandum of Understanding (MoU) to bring the newly constructed state-of-the-art centre of kidney diseases at the Hayatabad Medical Complex, Peshawar into function was signed between NWFP Health Department and Workers Welfare Board (WWB) here on Monday
Published 06 Dec, 2005 12:00am
New York cotton

New York cotton

Friday's closing prices of New York cotton in US cents/lb.

Published 06 Dec, 2005 12:00am
Plan under way to avoid traffic rush at Murree Road

Plan under way to avoid traffic rush at Murree Road

The district government is planning to construct an overhead superhighway from Marreer Chowk to Chandni Chowk to avoid traffic rush at Murree Road and Nespak has been asked to prepare a feasibility of this mega project, said Raja Javed Ikhlas, City Distri
Published 06 Dec, 2005 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (December 05, 2005).

Published 06 Dec, 2005 12:00am
Plans to produce inexpensive power

Plans to produce inexpensive power

Punjab government has prepared a multi-pronged plan for producing 500-megawatt electricity aimed at providing inexpensive power to the masses in the province.
Published 06 Dec, 2005 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (December 05, 2005).

Published 06 Dec, 2005 12:00am
Shutter-down strike observed

Shutter-down strike observed

A shutter-down strike was observed in area of Lyallpur Town on Monday as mark of protest against Nazim Rana Zahid Mehmood, who has launched a special encroachment campaign against vendors belonging to poor masses and trying to provide car parking facility
Published 06 Dec, 2005 12:00am
Key stock market movements at 1700 GMT on December 05

Key stock market movements at 1700 GMT on December 05

The latest close of key indices on major world stock exchanges and the London closing values of the euro, the Japanese yen, the British pound and gold bullion (previous day's closes in brackets).

Published 06 Dec, 2005 12:00am
APT members urged to help less developed nations

APT members urged to help less developed nations

Pakistan has urged the technologically advanced nations of Asian-Pacific Telecommunity (APT) to provide necessary assistance to the less developed countries in bridging the digital gap.
Published 06 Dec, 2005 12:00am
MoU inked with Unicef to preserve environment

MoU inked with Unicef to preserve environment

Ministry of Environment and Unicef have signed a Memorandum of Understanding (MoU), comprising activities amounting Rs 24 million, to start a new phase of partnership between two sides to spread awareness and motivation in the affected districts about hyg
Published 06 Dec, 2005 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (December 05, 2005).

Published 06 Dec, 2005 12:00am
NAB may issue arrest warrant in loan default case

NAB may issue arrest warrant in loan default case

National Accountability Bureau (NAB) is likely to issue arrest warrant in a loan default case of the Bank of Khyber (BoK), reliable sources told Business Recorder on Monday.
Published 06 Dec, 2005 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Monday (December 05, 2005) and Tuesday (December 06, 2005).
Published 06 Dec, 2005 12:00am
Takaful Nasional donates $10,000

Takaful Nasional donates $10,000

In light of the recent devastating earthquake that has wreaked havoc in the northern areas of Pakistan and Azad Kashmir, Takaful Nasional Sdn (TN), a leading Takaful operator in Malaysia and joint equity partners in Pak-Kuwait Takaful Company, has stepped
Published 06 Dec, 2005 12:00am
Donors asked for early release of pledged funds

Donors asked for early release of pledged funds

Relief operators on Monday made another passionate call to the international community to release immediately the amounts pledged at November 19 donors' conference.
Published 06 Dec, 2005 12:00am
Sialkot adopts 500 quake-hit families

Sialkot adopts 500 quake-hit families

The business community of Sialkot has decided to adopt 500 families of quake-stricken areas of Azad Kashmir and NWFP, said president Sialkot Chamber of Commerce and Industry (SCCI) Dr Nouman Idris Butt.
Published 06 Dec, 2005 12:00am
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