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Print - 2006-03-23
The background to adoption of Pakistan Resolution

The background to adoption of Pakistan Resolution

In immediate terms, the adoption of the Pakistan Resolution in March 1940 was provoked by, and represented a riposte to, Congress's sustained attempts at denying Muslims a religio-political entity in India's body politic.
Published 23 Mar, 2006 12:00am
Show-cause notices issued to 42 sugar mills

Show-cause notices issued to 42 sugar mills

The Monopoly Control Authority has issued show-cause notices to 42 sugar mills, for withholding their stocks, on the basis of the data provided by Pakistan Sugar Mills Association showing quantity of production, release and remaining stock as on February
Published 23 Mar, 2006 12:00am
US Midwest corn and soyabean bids steady to higher

US Midwest corn and soyabean bids steady to higher

Spot basis bids for corn and soyabeans were steady to higher around the US Midwest early Wednesday as dealers piggybacked on a futures market rally to try to spur country movement, grain dealers said.
Published 23 Mar, 2006 12:00am
Gas sector leads KSE rally

Gas sector leads KSE rally

Investors' interest in buying stakes in Sui Northern Gas and Sui Southern Gas on Wednesday electrified the buying spree in gas and exploration scrips on Karachi Stock Exchange, which extended to other sectors, raising the KSE index by yet another 148 poin
Published 23 Mar, 2006 12:00am
Manila aims to ship 200,000 tonnes sugar to US

Manila aims to ship 200,000 tonnes sugar to US

The Philippines said on Wednesday it had allowed seven trading firms to import 50,000 tonnes of refined sugar to replace part of the 200,000 tonnes that the country aims to export to the United States.
Published 23 Mar, 2006 12:00am
Gas sector leads KSE rally

Gas sector leads KSE rally

Investors' interest in buying stakes in Sui Northern Gas and Sui Southern Gas on Wednesday electrified the buying spree in gas and exploration scrips on Karachi Stock Exchange, which extended to other sectors, raising the KSE index by yet another 148 poin
Published 23 Mar, 2006 12:00am
Corn ends higher on late fund buying

Corn ends higher on late fund buying

Corn futures at the Chicago Board of Trade closed higher on Tuesday on a technical bounce from Monday's slide to two-month lows with fund buying boosting the market, traders said.
Published 23 Mar, 2006 12:00am
Gas sector leads KSE rally

Gas sector leads KSE rally

Investors'' interest in buying stakes in Sui Northern Gas and Sui Southern Gas on Wednesday electrified the buying spree in gas and exploration scrips on Karachi Stock Exchange, which extended to other sectors, raising the KSE index by yet another 148 poi
Published 23 Mar, 2006 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 120,947 tonnes of cargo including 84,017 tonnes import and 36,930 tonnes export cargo including 5,778 containers during last 24 hours ending at 0700 hours on Wednesday.
Published 23 Mar, 2006 12:00am
BRIndex30 gains 131.87 points

BRIndex30 gains 131.87 points

The BRIndex30 on Wednesday closed at 12,349.84 with a net positive change of 131.87, or 1.08 percent. During the day, it registered the high of 12,458.39 and low of 12,278.64.
Published 23 Mar, 2006 12:00am
Singapore bunker fuel prices up

Singapore bunker fuel prices up

Singapore bunker prices rose on Wednesday, with premiums surging well above $10 a tonne as supplies tightened on intensifying berthing congestion, traders said.
Published 23 Mar, 2006 12:00am
BRIndex30 gains 131.87 points

BRIndex30 gains 131.87 points

The BRIndex30 on Wednesday closed at 12,349.84 with a net positive change of 131.87, or 1.08 percent. During the day, it registered the high of 12,458.39 and low of 12,278.64.
Published 23 Mar, 2006 12:00am
CBOT wheat futures higher

CBOT wheat futures higher

Wheat futures at the Chicago Board of Trade closed higher on Tuesday in a technical correction from Monday's weather-driven plunge to two-month lows, traders said. "We were oversold and due for a bounce," one trader said.
Published 23 Mar, 2006 12:00am
'National Drinking Water Policy' launched

'National Drinking Water Policy' launched

The government on Wednesday launched 'National Drinking Water Policy' designed to ensure safe drinking water supply to the people by 2007. The draft policy was launched during a seminar on "Water and Culture" to mark the 'World Water Day', organised joint
Published 23 Mar, 2006 12:00am
Pakistan Resolution and post-Independence politics

Pakistan Resolution and post-Independence politics

The Muslim League annual session held at Lahore on March 22-24, 1940, was an event of far reaching consequences in British India. On March 23, a resolution was moved in the session which discarded the federal system for British India and proposed the esta
Published 23 Mar, 2006 12:00am
'National Drinking Water Policy' launched

'National Drinking Water Policy' launched

The government on Wednesday launched 'National Drinking Water Policy' designed to ensure safe drinking water supply to the people by 2007. The draft policy was launched during a seminar on "Water and Culture" to mark the 'World Water Day', organised joint
Published 23 Mar, 2006 12:00am
23rd March is not 'just another day'

23rd March is not 'just another day'

The nation is celebrating yet another Pakistan Resolution Day on 23rd March, which is a very momentous day in Pakistan's history. The Pakistanis commemorate the day every year as a real day of the "making of Pakistan" when a historic Resolution - widely k
Published 23 Mar, 2006 12:00am
Ogra told to probe inflated gas bills

Ogra told to probe inflated gas bills

The Cabinet Committee on Regulatory Bodies (CCRB) has directed the Oil and Gas Regulatory Authority (Ogra) to investigate cause of inflated gas bills issued this month and submit a report to the prime minister next week.
Published 23 Mar, 2006 12:00am
A stepping stone to Pakistan

A stepping stone to Pakistan

The Muslim struggle for freedom from the British rule and the Hindu domination in the sub-continent had already been started after the 'War of Independence' of 1857 had not been successful. The Muslims were suppressed and had no economic or religious free
Published 23 Mar, 2006 12:00am
Ogra told to probe inflated gas bills

Ogra told to probe inflated gas bills

The Cabinet Committee on Regulatory Bodies (CCRB) has directed the Oil and Gas Regulatory Authority (Ogra) to investigate cause of inflated gas bills issued this month and submit a report to the prime minister next week.
Published 23 Mar, 2006 12:00am
Impact of Muslim League victory in Bengal and Sindh

Impact of Muslim League victory in Bengal and Sindh

After the conclusion of the 2nd World War, Lord Wavell became the Viceroy of India. In 1945-46 he did not accept the Muslim League as the only representative body of the Indian Muslims, unless its strength was shown by capturing all the 30 Muslim seats in
Published 23 Mar, 2006 12:00am
Ogra told to probe inflated gas bills

Ogra told to probe inflated gas bills

The Cabinet Committee on Regulatory Bodies (CCRB) has directed the Oil and Gas Regulatory Authority (Ogra) to investigate cause of inflated gas bills issued this month and submit a report to the prime minister next week.
Published 23 Mar, 2006 12:00am
A date with destiny for subcontinent's Muslims

A date with destiny for subcontinent's Muslims

The morning on 23rd March, 1940, in Lahore was otherwise a typical mid-spring morning; the sky was blue and cloudless, the sun bright but not hot, the air crisply cool and refreshing. But that particular morning was destined to mark and epoch in the histo
Published 23 Mar, 2006 12:00am
Bush urges Iraqis to form unity government

Bush urges Iraqis to form unity government

US President George W. Bush on Wednesday signalled impatience with Iraq's protracted efforts to form a unity government, telling leaders there "it's time" to reach an agreement.
Published 23 Mar, 2006 12:00am
FDI up 151.60 percent, portfolio investment 472 percent

FDI up 151.60 percent, portfolio investment 472 percent

The State Bank of Pakistan (SBP) on Tuesday reported that total foreign private investment in July-February 2005-06 increased by 190 percent to $1.974 billion from $679.9 million in the corresponding period of the last year.
Published 23 Mar, 2006 12:00am
New York coffee futures end firm

New York coffee futures end firm

US coffee futures posted a modest gain on Tuesday, although bullish speculators lacked the muscle to drive prices outside the top of a one-week trading range, market sources said.
Published 23 Mar, 2006 12:00am
Islamabad asked to go for other options: US opposes IPI gas pipeline

Islamabad asked to go for other options: US opposes IPI gas pipeline

The US Ambassador in Pakistan, Ryan C Crocker, said here on Wednesday that Washington would not like to see Iran-Pakistan-India (IPI) gas pipeline go through due to the stand-off with Tehran over nuclear issue, and Islamabad should opt for other two pipel
Published 23 Mar, 2006 12:00am
MGE wheat settles higher

MGE wheat settles higher

Spring wheat futures at the Minneapolis Grain Exchange closed higher on Tuesday, rebounding along with the Kansas City and Chicago markets after on Monday's steep declines, traders said.
Published 23 Mar, 2006 12:00am
Islamabad asked to go for other options: US opposes IPI gas pipeline

Islamabad asked to go for other options: US opposes IPI gas pipeline

The US Ambassador in Pakistan, Ryan C Crocker, said here on Wednesday that Washington would not like to see Iran-Pakistan-India (IPI) gas pipeline go through due to the stand-off with Tehran over nuclear issue, and Islamabad should opt for other two pipel
Published 23 Mar, 2006 12:00am
US soya rust

US soya rust

The US Agriculture Department should encourage states to be more consistent in searching for signs of the soyabean rust fungus and in reporting their findings, a congressional agency said on Tuesday.
Published 23 Mar, 2006 12:00am
Islamabad asked to go for other options: US opposes IPI gas pipeline

Islamabad asked to go for other options: US opposes IPI gas pipeline

The US Ambassador in Pakistan, Ryan C Crocker, said here on Wednesday that Washington would not like to see Iran-Pakistan-India (IPI) gas pipeline go through due to the stand-off with Tehran over nuclear issue, and Islamabad should opt for other two pipel
Published 23 Mar, 2006 12:00am
Plastic mouldings move both ways

Plastic mouldings move both ways

The trading on plastic mouldings moved both ways here on Wednesday on Jodia Bazar. The following changes were seen in the HDPE film Saudia 952 up 55 paisa to Rs 37.50, Mobil up 40 paisa to Rs 37.50.
Published 23 Mar, 2006 12:00am
US dispatches senior officials to Vienna

US dispatches senior officials to Vienna

Washington has dispatched two senior US officials to Vienna to sell its controversial nuclear deal with India to the Nuclear Suppliers Group, a key international consultative group on controlling nuclear energy, officials said Wednesday.
Published 23 Mar, 2006 12:00am
Minor price adjustments on grain market

Minor price adjustments on grain market

Thin business was witnessed on the grain market on Wednesday as commodity prices fluctuated but managed to hold their overnight levels, dealers said. According to the market sources, most of the buyers were in the market looking for the deals at lower rat
Published 23 Mar, 2006 12:00am
New York cocoa futures bounce back

New York cocoa futures bounce back

US cocoa futures settled in positive territory on Tuesday, bolstered by a late spurt of speculative buying into weakness, traders said. The New York Board of Trade's active cocoa contract for May delivery climbed $15, or 1.0 percent, to settle at $1,504 a
Published 23 Mar, 2006 12:00am
Holiday mood prevails on cotton market

Holiday mood prevails on cotton market

Insipid business was seen in the cotton market on Wednesday as a few buyers were in the market but not looking in a hurry for fresh deals due to satisfactory position on the supply side, dealers said.
Published 23 Mar, 2006 12:00am
India to free 40 Kashmiri prisoners

India to free 40 Kashmiri prisoners

India would free 40 Kashmiri prisoners in line with Prime Minister Manmohan's Singh's assurances that New Delhi would not detain people charged with minor offences in the insurgency-torn region, a security official said on Wednesday.
Published 23 Mar, 2006 12:00am
Lethargy continues in lint market

Lethargy continues in lint market

General slackness continued this week in the cotton market with few positive features emerging at present which could promise an early revival.
Published 23 Mar, 2006 12:00am
Pakistan Day today

Pakistan Day today

The nation will celebrate Pakistan Day on Thursday with a pledge to make the country strong, progressive and prosperous Islamic welfare state. The day will dawn with a 31-gun salute in the federal capital and 21-gun salute in the provincial capitals.
Published 23 Mar, 2006 12:00am
Lethargy continues in lint market

Lethargy continues in lint market

General slackness continued this week in the cotton market with few positive features emerging at present which could promise an early revival.
Published 23 Mar, 2006 12:00am
Pakistan Day today

Pakistan Day today

The nation will celebrate Pakistan Day on Thursday with a pledge to make the country strong, progressive and prosperous Islamic welfare state. The day will dawn with a 31-gun salute in the federal capital and 21-gun salute in the provincial capitals.
Published 23 Mar, 2006 12:00am
Oil cake market rates

Oil cake market rates

Downward trend was seen on the forward cottonseed oilcake market on Wednesday as several buyers did not take interest in the proceedings due to huge stock with them, dealers said.
Published 23 Mar, 2006 12:00am
Show-cause notices issued to 42 sugar mills

Show-cause notices issued to 42 sugar mills

The Monopoly Control Authority has issued show-cause notices to 42 sugar mills, for withholding their stocks, on the basis of the data provided by Pakistan Sugar Mills Association showing quantity of production, release and remaining stock as on February
Published 23 Mar, 2006 12:00am
Show-cause notices issued to 42 sugar mills

Show-cause notices issued to 42 sugar mills

The Monopoly Control Authority has issued show-cause notices to 42 sugar mills, for withholding their stocks, on the basis of the data provided by Pakistan Sugar Mills Association showing quantity of production, release and remaining stock as on February
Published 23 Mar, 2006 12:00am
ETA declares Ceasefire

ETA declares Ceasefire

Basque separatist group ETA on Wednesday declared a permanent ceasefire after almost four decades of bombings and shootings in Spain during its campaign for independence.
Published 23 Mar, 2006 12:00am
Muslim League Workers Convention today

Muslim League Workers Convention today

To celebrate Pakistan Day and to remember the heroes of the independence, Pakistan Muslim League (PML) is organising 'Muslim League Workers Convention' at Minar-e-Pakistan on Thursday (March 23), and Prime Minister Shuakat Aziz would be the chief guest.
Published 23 Mar, 2006 12:00am
The Weather

The Weather

The weather report on Wednesday (March 22, 2006) and the forecast for Thursday (March 23, 2006).
Published 23 Mar, 2006 12:00am
Rs 10 billion to be disbursed for water filtration plants

Rs 10 billion to be disbursed for water filtration plants

Pakistan Environmental Protection Agency held a seminar on "Water and Culture" to observe World Water Day on Wednesday and explored the links between water and cultures and discussed water management and policy issues, including the ministry of environmen
Published 23 Mar, 2006 12:00am
1500 impounded vehicles given to Union Council Nazimeen

1500 impounded vehicles given to Union Council Nazimeen

The Multan, Bahawalpur, Dera Ghazi Khan, Rahimyar Khan, Sahiwal, Khanewal, Vehari, Muzaffargarh and Lodhran traffic police on Wednesday handed over more than 1,500 vehicles including buses and wagons to Union Council Nazimeen, and Muslim League office-bea
Published 23 Mar, 2006 12:00am
Rs 5.856 million disbursed

Rs 5.856 million disbursed

Hyderabad Zila Nazim Kanwar Naveed Jamil has directed the management of the District Bait-ul-Maal to start disbursement of Rs 5.856 million among 4,880 beneficiaries by single instalment of Rs 1,200 each from March 31. This he directed while presiding ove
Published 23 Mar, 2006 12:00am
'Pakistan to achieve $20 billion export target'

'Pakistan to achieve $20 billion export target'

Federal Commerce Secretary Asif Shah has said that dialogues on Investment Treaty Programme between Pakistan and USA are going on and after the recent tour of President Bush there has become further quickness.
Published 23 Mar, 2006 12:00am
Russian traders urged to invest in Pakistan through joint ventures

Russian traders urged to invest in Pakistan through joint ventures

Muhammad Naqi Bari, Vice President, Karachi Chamber of Commerce & Industry (KCCI), has suggested that Russian businessmen and companies must increase their presence in Pakistan, through joint ventures, where the return on investment is very high and Pakis
Published 23 Mar, 2006 12:00am
Philippine another market for exporting Kinnoo

Philippine another market for exporting Kinnoo

Philippine is another intended market for expanding the export of Pakistani Kinnoo. This was revealed in the wrap-up session held at head office of Pakistan Horticulture Development & Export Board (PHDEB) with a six-member delegation of Bureau of Plant In
Published 23 Mar, 2006 12:00am
President grants military awards to officers, Jawans

President grants military awards to officers, Jawans

The President has granted the military awards to the officers and Jawans of Pakistan Armed Forces according to a gazette notification issued by the government of Pakistan, Ministry of Defence.
Published 23 Mar, 2006 12:00am
Musharraf and Shaukat call for national unity

Musharraf and Shaukat call for national unity

President General Pervez Musharraf and Prime Minister Shaukat Aziz have called upon the nation to demonstrate unity, inter-faith harmony and self-discipline. They also stressed the need for making Pakistan a shining example of a tolerant and progressive s
Published 23 Mar, 2006 12:00am
Karamat becomes ACEP chief

Karamat becomes ACEP chief

Engineer Karamat Ullah Chaudhry, Managing Director, National Engineering Services Pakistan (Nespak) has been declared elected president of Association of Consulting Engineers Pakistan (ACEP) for the two-year term 2006-07.This was revealed in information o
Published 23 Mar, 2006 12:00am
FPSC to start functioning soon: interior secretary

FPSC to start functioning soon: interior secretary

Federal Interior Secretary Syed Kamal Shah has disclosed that the Federal Public Safety Commission (FPSC) will start functioning within a couple of months, for which the nominations were being finalised.
Published 23 Mar, 2006 12:00am
Engineers' help sought for wastewater treatment

Engineers' help sought for wastewater treatment

District Nazim Mian Amir has stressed upon the engineers to give simple solutions to water purification and treatment in the country. He was speaking in the National Water Conference on the World Water Day, 2006.
Published 23 Mar, 2006 12:00am
PML convention: commuters suffering due to impounding of vehicles

PML convention: commuters suffering due to impounding of vehicles

Commuters in the provincial metropolis continued to suffer on second consecutive day due to impounding of wagons and buses in the city by the administration for transporting people to the ruling party's Minar-e-Pakistan convention being held on Thursday (
Published 23 Mar, 2006 12:00am
Shujaat calls for foreigners' registration in Fata

Shujaat calls for foreigners' registration in Fata

PML (Q) President Chaudhry Shujat Hussain said on Wednesday that foreigners in the Fata must get themselves registered to ensure peace and stability in the region. Peace must prevail in Fata in order to promote development, he told a representative tribal
Published 23 Mar, 2006 12:00am
Riding 'A Tidal Wave'

Riding 'A Tidal Wave'

Prime Minister Shaukat Aziz has said that the biggest challenge is to continue economic reforms. In an interview with Newsweek magazine, the Prime Minister said that reforms are a continuous process.
Published 23 Mar, 2006 12:00am
NWFP minister dissatisfied over work on CIP

NWFP minister dissatisfied over work on CIP

NWFP Senior Minister Siraj-ul-Haq has expressed dissatisfaction over pace of work on second phase of Community Infrastructure Project (CIP) and directed the concerned authorities to expedite it with considerable momentum.
Published 23 Mar, 2006 12:00am
Rs 19.9 million approved for textile industry workers training

Rs 19.9 million approved for textile industry workers training

The Export Development Fund (EDF) Board on Wednesday approved and ordered release of Rs 19.9 million for starting the Trade Policy 2004-05 initiative regarding training of workers of textile garment industry within the factory premises for which Textile G
Published 23 Mar, 2006 12:00am
US team visits Petroleum ministry

US team visits Petroleum ministry

Shaw Group of USA President Lieutenant General M. Delong (Retd), who is heading a delegation, visited the Petroleum and Natural Resources Ministry on Wednesday to hold discussion with the senior officials on investment opportunities in the oil, gas and mi
Published 23 Mar, 2006 12:00am
Two accused get death sentence

Two accused get death sentence

A court on Wednesday sentenced two militants to death for their role in the bombing of a shrine in Fatahpur that killed 43 people last year, a lawyer said.
Published 23 Mar, 2006 12:00am
Monitoring against bird flu at poultry farms increases

Monitoring against bird flu at poultry farms increases

The animal health authorities of Pakistan were all ready on Wednesday to face the challenge of the confirmation of the infection of avian influenza--H5N1 virus--in the samples of two poultry farms of districts Charsadda and Abbottabad of the north-west Fr
Published 23 Mar, 2006 12:00am
'SRO on sales tax refund to zero-rated sectors soon'

'SRO on sales tax refund to zero-rated sectors soon'

Member sales tax Shahid Ahmad has said that an SRO is in the pipeline and will be issued shortly to solve the issue of sales tax refund to all the five zero-rated sectors, which are paying 15-percent sales tax on import of raw material for their finished
Published 23 Mar, 2006 12:00am
Plan for e-payment of duty drawback finalised

Plan for e-payment of duty drawback finalised

The Central Board of Revenue (CBR) has finalised a new plan for E-payment of duty drawback to the exporters. Sources told this correspondent that the CBR initially proposed 'Mate-receipts' (MR) as a primary document for the online payment of duty drawback
Published 23 Mar, 2006 12:00am
Shaukat, Shujat and Mushahid discuss centenary celebrations

Shaukat, Shujat and Mushahid discuss centenary celebrations

President Pakistan Muslim League Chaudhry Shujaat Hussain, Secretary General Mushahid Hussain Sayed and Special Assistant to the Prime Minister Muhammad Ali Durrani met Prime Minister Shaukat Aziz on Wednesday and discussed with him the upcoming PML cente
Published 23 Mar, 2006 12:00am
PML celebrates centenary today

PML celebrates centenary today

From creation of Pakistan to giving true representation to the women population in the 21st century, Pakistan Muslim League (PML) has always remained the party fighting for the rights of poor. Before partition, Muslim League was the only voice of Muslims
Published 23 Mar, 2006 12:00am
The call of the day

The call of the day

In celebrating today the 66th anniversary of adoption of the Lahore Resolution, way back in the tumultuous year 1940, the occasion will be marked with greater expectations of promotion of democracy in the country.
Published 23 Mar, 2006 12:00am
Security versus investment

Security versus investment

One of the objectives of US Energy Secretary Samuel Bodman's Pakistan visit seems to have been to remove any lingering ambiguity in Washington's rejection of Islamabad's demand for parity with New Delhi in the nuclear energy sector, and to reinforce the m
Published 23 Mar, 2006 12:00am
India can cede Jammu and Kashmir - legally!-I

India can cede Jammu and Kashmir - legally!-I

A prior India-Pakistan accord must provide a basis for a dialogue with the Kashmiris. No settlement of the Kashmir problem is possible unless the falsehoods about Article 370 are first laid to rest; such as that "self-rule is embedded in Article 370", whe
Published 23 Mar, 2006 12:00am
Mexico's Mayan underworld proves dream of researchers

Mexico's Mayan underworld proves dream of researchers

The ancient Maya once believed that Mexico's jungle sinkholes containing crystalline waters were the gateway to the underworld and the lair of a surly rain god who had to be appeased with human sacrifices.
Published 23 Mar, 2006 12:00am
Unemployment in Balochistan

Unemployment in Balochistan

Amidst the political turmoil and allegations charging a few Baloch sardars with insurgency, the hard realities of unemployment, lack of health, education, basic needs like water and security haunt the life of the unfortunate citizens of this province.
Published 23 Mar, 2006 12:00am
Bush's visit

Bush's visit

The message, rather the advice conveyed to the nation, vide the editorial captioned "US policy towards Pakistan and India" that instead of getting nervous over those bounds, Pakistan must embark on its own road to progress and development, is sufficiently
Published 23 Mar, 2006 12:00am
Business urged to go hi-tech

Business urged to go hi-tech

The federal government is endeavouring to introduce scientific industrial technology in industrial sector enabling it to cope with new challenges of global market, said Pakistan Science Foundation (PSF) Chairman Dr N.M. Butt.
Published 23 Mar, 2006 12:00am
14 illegal immigrants held

14 illegal immigrants held

Pakistan Coast Guards (PCG) has apprehended 14 illegal immigrants from the Pakistan border near Kumb and Liari (Uthal, Balochistan) on Wednesday while they were crossing the border illegally.
Published 23 Mar, 2006 12:00am
KBC pre-budget seminar on March 25

KBC pre-budget seminar on March 25

The Karachi Branch Council (KBC) under the aegis of the Institute of Cost and Management Accountants of Pakistan (ICMAP) is organising a day-long Pre-Budget Seminar at a local hotel here on March 25.
Published 23 Mar, 2006 12:00am
Salahuddin off to London

Salahuddin off to London

Adviser to the Sindh Chief Minister on Information and Archives Salahuddin Haider has left for London, says an official statement here on Wednesday. It said that during his stay in London, he would attend the founding day celebrations of Muttahida Qaumi M
Published 23 Mar, 2006 12:00am
Rachna College to have surgical instruments faculty

Rachna College to have surgical instruments faculty

In order to modernise the surgical industry with the latest production techniques and equip the surgical labour with latest manufacturing skills, the Surgical Instrument Manufacturers Association of Pakistan.
Published 23 Mar, 2006 12:00am
Dr Ishrat gets Asian Banker award

Dr Ishrat gets Asian Banker award

Immediate past governor of the State Bank of Pakistan Dr Ishrat Husain has received the Asian Banker Lifetime Achievement Award 2005 from the Thailand Finance Minister, Dr Thanong Pridaya at a ceremony held at Bangkok.
Published 23 Mar, 2006 12:00am
Separate feeders for industrial zones demanded

Separate feeders for industrial zones demanded

President, Hyderabad Chamber of Commerce and Industry (HCCI), Masaood Pervez demanded of the Hesco authority to install separate feeders for industrial zones, as the frequent power shutdowns affected smooth running of industries, which suffered heavy loss
Published 23 Mar, 2006 12:00am
US MIDDAY: silver hits record

US MIDDAY: silver hits record

US benchmark silver prices flickered to a new 22-year high on Wednesday as traders digested news that the first silver-backed security took a step closer to final US regulatory approval, dealers said.
Published 23 Mar, 2006 12:00am
US MIDDAY: soyabeans rise

US MIDDAY: soyabeans rise

Soybean futures at the Chicago Board of Trade rose early on Wednesday on a technical bounce, traders said. The market was due for a rebound after the May contract fell to a 3-1/2-month low this week, trading below all key moving averages.
Published 23 Mar, 2006 12:00am
US MIDDAY: copper firms

US MIDDAY: copper firms

US copper futures traded higher in early business on Wednesday, supported by a slightly weaker dollar and another London stock draw, with prices continuing to test the top of their recent range, dealers said.
Published 23 Mar, 2006 12:00am
US MIDDAY: wheat up

US MIDDAY: wheat up

Soft red winter wheat futures at the Chicago Board of Trade were higher early on Wednesday on a technical recovery and on a sale of wheat to Iraq, traders said.
Published 23 Mar, 2006 12:00am
US MIDDAY: corn eases

US MIDDAY: corn eases

Corn futures on the Chicago Board of Trade were weak near midday on Wednesday with the big supply of feed grains weighing on prices, traders said.
Published 23 Mar, 2006 12:00am
US MIDDAY: sugar lower

US MIDDAY: sugar lower

Raw sugar futures settled easier Wednesday on sales by small speculators which pushed it back after hitting a two-week high and the market could slip further this week, brokers said.
Published 23 Mar, 2006 12:00am
US MIDDAY: cocoa shade up

US MIDDAY: cocoa shade up

US cocoa futures ended a shade up on Wednesday, although limited activity by producers and manufacturers anchored the benchmark contract to the middle of a 1-week trading range in light turnover, traders said.
Published 23 Mar, 2006 12:00am
US MIDDAY: coffee tumbles

US MIDDAY: coffee tumbles

The benchmark arabica coffee futures contract slid 2.6 percent to a three-month low Wednesday, depressed by heavy trade, speculative and fund selling when it failed to hold support at last week's bottom price, market sources said.
Published 23 Mar, 2006 12:00am
Silver surges to over 22-year high, gold hovers in range

Silver surges to over 22-year high, gold hovers in range

Silver surged to its highest in more than 22 years on Wednesday on strong speculative buying after US regulators took a big step towards finally approving the market's first exchange-traded fund (ETF), dealers said.
Published 23 Mar, 2006 12:00am
Base metals mixed

Base metals mixed

London Metal Exchange (LME) metals closed mixed on Wednesday after mostly consolidating, although zinc hit a new record high at $2,525 and its downside is limited, dealers said. Zinc finished the open-outcry sessions up $10 at $2,520 a tonne.
Published 23 Mar, 2006 12:00am
Sugar ends down

Sugar ends down

London white sugar futures closed lower on Wednesday after recent buying momentum fizzled out due to uncertainty over the impact of storm damage to Australian cane fields, traders said.
Published 23 Mar, 2006 12:00am
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