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Nov 26, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2006-04-19
Lenovo and Microsoft reaffirm accord

Lenovo and Microsoft reaffirm accord

Lenovo Group Ltd and Microsoft Corp on Monday formally signed a November agreement to pre-install the Windows operating system on Lenovo's computers made in China. The agreement is expected to result in $1.2 billion in sales of Microsoft's Windows operati
Published 19 Apr, 2006 12:00am
Bush picks Portman for budget, Schwab for trade

Bush picks Portman for budget, Schwab for trade

President George W. Bush on Tuesday will nominate US Trade Representative Rob Portman as his choice to become White House budget director, a senior administration official said.
Published 19 Apr, 2006 12:00am
WTO panel rules against US in anti-dumping row

WTO panel rules against US in anti-dumping row

The World Trade Organisation's highest court on Tuesday ruled that methods used by the United States to decide whether foreign goods are being dumped break global trade rules.
Published 19 Apr, 2006 12:00am
Yilmaz gets approval to lead Turkey's central bank

Yilmaz gets approval to lead Turkey's central bank

Turkey's president approved the government's candidate Durmus Yilmaz as the new central bank governor, officials said on Tuesday, ending weeks of uncertainty and defusing a tense stand-off between the nation's institutions.
Published 19 Apr, 2006 12:00am
US judge rules against Microsoft

US judge rules against Microsoft

A US judge has quashed Microsoft's attempts to obtain documents in its antitrust battle against the European Commission, ruling the software giant was trying to undermine European Union law.
Published 19 Apr, 2006 12:00am
India keeps interest rates on hold

India keeps interest rates on hold

The Reserve Bank of India surprisingly kept interest rates steady Tuesday, but warned that the government will have to raise domestic oil prices nearer global levels and that rates could rise in response.
Published 19 Apr, 2006 12:00am
Arabs must create 100 million jobs in 15 years: Fund

Arabs must create 100 million jobs in 15 years: Fund

Arab states must create 100 million jobs in the next 15 years to keep unemployment down and prevent further instability in the Middle East and North Africa, the head of a leading Arab fund said on Tuesday.
Published 19 Apr, 2006 12:00am
Core US producer prices tame, housing starts drop

Core US producer prices tame, housing starts drop

US producer prices outside of volatile food and energy costs posted their smallest gain in four months in March and housing starts tumbled, leading financial markets to cut bets on how far interest rates will rise.
Published 19 Apr, 2006 12:00am
White House sees oil, wages as no inflation threat

White House sees oil, wages as no inflation threat

The White House is worried about the toll of lofty oil prices on families and businesses, but is not worried that pricey fuel or wage growth will feed inflation, a top administration official said on Tuesday.
Published 19 Apr, 2006 12:00am
PSA Peugeot to cut 2,300 jobs

PSA Peugeot to cut 2,300 jobs

French carmaker PSA Peugeot Citroen said on Tuesday it planned to close a central England plant, eliminating 2,300 jobs in another blow to Britain's fading glory as a carmaking centre.
Published 19 Apr, 2006 12:00am
Pepsi Bottling posts profit

Pepsi Bottling posts profit

Pepsi Bottling Group Inc on Tuesday posted better-than-expected profit as strong sales of Aquafina bottled water and Lipton Ice Tea brands in North America offset rising raw material and fuel costs.
Published 19 Apr, 2006 12:00am
Pepsi Bottling posts profit

Pepsi Bottling posts profit

Pepsi Bottling Group Inc on Tuesday posted better-than-expected profit as strong sales of Aquafina bottled water and Lipton Ice Tea brands in North America offset rising raw material and fuel costs.
Published 19 Apr, 2006 12:00am
Iran opposes production rise

Iran opposes production rise

Iran is against an increase in Opec production, an official was quoted as saying Tuesday, arguing that the cartel did not have the capacity to do so.
Published 19 Apr, 2006 12:00am
Higher energy prices could curb growth: Opec

Higher energy prices could curb growth: Opec

Opec warned on Tuesday higher energy prices could curb global growth and trimmed its oil demand growth forecast, while crude prices hit a record high, driven by fears about supply disruption from the producer group.
Published 19 Apr, 2006 12:00am
Jakarta shares up

Jakarta shares up

Jakarta share prices closed 2.21 percent higher on Tuesday at another record high amid growing foreign investor confidence in the Indonesian economy, dealers said.
Published 19 Apr, 2006 12:00am
Philippines shares drop

Philippines shares drop

Philippines share prices closed 0.16 percent lower on Tuesday on profit-taking in the face of rising oil prices, dealers said. However continued gains in mining stocks trimmed the market's losses as metal prices rose to fresh multi-year highs overnight.
Published 19 Apr, 2006 12:00am
Taiwan stocks snap 25-month rally

Taiwan stocks snap 25-month rally

Taiwan stocks edged down 0.15 percent on Tuesday, a day after hitting a 25-month high, as higher oil prices triggered jitters that hotel shares' 17 percent rally in two weeks had been overdone.
Published 19 Apr, 2006 12:00am
Hong Kong stocks at 5-1/2-year high

Hong Kong stocks at 5-1/2-year high

Hong Kong stocks closed up 1.27 percent at a fresh 5-1/2-year high on Tuesday, while China shares touched an 8-1/2 year peak as investors cheered a loosening in the country's investment rules.
Published 19 Apr, 2006 12:00am
Nikkei ends higher, financial and oil stocks gain

Nikkei ends higher, financial and oil stocks gain

The Nikkei share average rose 1.37 percent on Tuesday as investors returned to recently battered financial stocks, while Nippon Mining Holdings Inc and other resource-related shares rose on higher oil prices.
Published 19 Apr, 2006 12:00am
US Treasury prices close firmer

US Treasury prices close firmer

US Treasury debt prices rose on Monday as the latest spike in crude oil prices was seen as a threat to consumer confidence and spending. Support was also seen from Treasury figures showing surprisingly strong foreign capital inflows in February, and later
Published 19 Apr, 2006 12:00am
US Treasury prices close firmer

US Treasury prices close firmer

US Treasury debt prices rose on Monday as the latest spike in crude oil prices was seen as a threat to consumer confidence and spending. Support was also seen from Treasury figures showing surprisingly strong foreign capital inflows in February, and later
Published 19 Apr, 2006 12:00am
Seoul shares jump on oil refiners

Seoul shares jump on oil refiners

Seoul shares rose 0.3 percent on Tuesday, as near-record high oil prices lifted oil refiners such as SK Corp, but broader gains were capped by a fall among exporters facing the threat of reduced global consumer demand.
Published 19 Apr, 2006 12:00am
Malaysian shares little changed

Malaysian shares little changed

Malaysian share price closed little changed on Tuesday, supported by late interest in selected blue chips, dealers said. They said the bourse was expected to consolidate further in the absence of fresh leads and concerns over rising oil prices, as well as
Published 19 Apr, 2006 12:00am
Singapore shares surge

Singapore shares surge

Singapore share prices closed 0.35 percent higher on Tuesday as investors shrugged off oil prices hitting fresh record highs and looked to underlying economic strength, dealers said.
Published 19 Apr, 2006 12:00am
Thai shares slightly up

Thai shares slightly up

Thai share prices closed 0.63 percent higher on Tuesday, as energy-linked shares extended gains on the back of soaring oil prices, which hit new highs in London and New York, dealers said.
Published 19 Apr, 2006 12:00am
Indian shares at record high close

Indian shares at record high close

Indian share prices closed at a record high on Tuesday on sustained fund buying after the central bank surprised investors and kept interest rates stable in a quarterly review, dealers said.
Published 19 Apr, 2006 12:00am
Chinese shares climb, steel firms rise

Chinese shares climb, steel firms rise

Chinese shares rose to an 18-month high on Tuesday, with steel firms gaining on hopes that new government regulations will bring additional investor dollars into the sector.
Published 19 Apr, 2006 12:00am
Australian dollar breaks to one-month high

Australian dollar breaks to one-month high

The Australian dollar hit a one-month high, spurred on by rising prices for key metals exports and as the US dollar fell broadly, under pressure from steep oil prices amid fears about Iran's nuclear ambitions.
Published 19 Apr, 2006 12:00am
Chinese yuan ends weaker as Hu leaves for US

Chinese yuan ends weaker as Hu leaves for US

The Chinese yuan slipped against the dollar on Tuesday - as Chinese President Hu Jintao left for his first formal visit to the United States - in line with a general strengthening in the US currency.
Published 19 Apr, 2006 12:00am
Swiss franc maintains holiday gains on Iran

Swiss franc maintains holiday gains on Iran

The Swiss franc maintained gains against the dollar and the euro made over a four-day Easter break when nerves over Iran and the view that the US rate cycle was nearly over strengthened the safe-haven currency.
Published 19 Apr, 2006 12:00am
Dollar softer on worries Fed nearly done raising rates

Dollar softer on worries Fed nearly done raising rates

The dollar steadied on Tuesday after tumbling the previous day on worries that the Federal Reserve could soon end its nearly two-year credit tightening cycle and nervousness about Iran's nuclear ambitions.
Published 19 Apr, 2006 12:00am
Dollar tumbles as rate view offsets strong US data

Dollar tumbles as rate view offsets strong US data

The dollar posted sharp losses on Monday as growing concerns that the cycle of rising US interest rates may be ending offset news of strong capital flows into the United States.
Published 19 Apr, 2006 12:00am
Bangladesh interbank forex, interest rates

Bangladesh interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Tuesday. 69.55/70.10 (previous 69.15/69.95). Call Money Rates: 14.00-36.00 percent (previous 14.00-38.00 percent).
Published 19 Apr, 2006 12:00am
Asian currencies: central banks act to limit gains

Asian currencies: central banks act to limit gains

Several Asian central banks were suspected of intervening on Tuesday to hold down their currencies, which had risen initially because of a growing view that US interest rate increases could be near an end.
Published 19 Apr, 2006 12:00am
China Open future guaranteed until 2015

China Open future guaranteed until 2015

Car maker Volvo has agreed to extend its sponsorship agreement with the China Golf Association to ensure the China Open is played until at least 2015.
Published 19 Apr, 2006 12:00am
France outgun Malaysia in World Cup hockey qualifier

France outgun Malaysia in World Cup hockey qualifier

France outgunned Malaysia by four goals to one on Day 7 of the World Cup hockey qualifying tournament here on Tuesday. For France, Nicolas Gaillard in the 15th minute, Julien Boyer in the 24th minute, Frederic Soyez with a penalty corner conversion in the
Published 19 Apr, 2006 12:00am
Rafael Nadal wins

Rafael Nadal wins

Spain's Rafael Nadal kicked his clay-court season into gear as he won his 37th straight match on the surface here on Tuesday with a 6-4, 6-4, defeat of Arnaud Clement at the Monte Carlo Open.
Published 19 Apr, 2006 12:00am
Get on and play, Gavaskar tells cricket burnouts

Get on and play, Gavaskar tells cricket burnouts

Indian great Sunil Gavaskar scoffed Tuesday at suggestions excessive cricket was burning players out, saying the hard grind was part of the honour of representing one's country.
Published 19 Apr, 2006 12:00am
Weather delays South African victory bid

Weather delays South African victory bid

Makhaya Ntini and Dale Steyn bowled South Africa to within sight of victory on a weather-hit fourth day of the first Test against New Zealand at Centurion Park here on Tuesday.
Published 19 Apr, 2006 12:00am
Shock Gillespie ton leaves Bangladesh numb

Shock Gillespie ton leaves Bangladesh numb

Jason Gillespie was the unlikely hero with the bat for Australia on Tuesday, striking a maiden Test century as the visitors took control of the second Test against Bangladesh.
Published 19 Apr, 2006 12:00am
Chad confident of World Bank deal by end of April

Chad confident of World Bank deal by end of April

Chad said on Tuesday it was confident it could solve a dispute with the World Bank and a US-led consortium over oil revenues by the end of the month after the US government offered to help broker a deal.
Published 19 Apr, 2006 12:00am
Ugandan army starts some resettlement in north

Ugandan army starts some resettlement in north

Uganda's army on Tuesday said it was starting to send people home from camps in the north where they have sheltered from 20 years of war between troops and the cult-like Lord's Resistance Army (LRA) rebels.
Published 19 Apr, 2006 12:00am
EU calm on Polish coalition with fringe group

EU calm on Polish coalition with fringe group

The European Union is not too worried about a government coalition which Poland's ruling right plans to form with a fringe leftist group that once campaigned for anti-EU policies, officials said on Tuesday.
Published 19 Apr, 2006 12:00am
Danube dam breach threatens Romanian villages

Danube dam breach threatens Romanian villages

Ten thousand Romanians faced evacuation on Tuesday as rescue workers raced to fix a broken dam on the Danube before the swelling river could flood their low-lying villages.
Published 19 Apr, 2006 12:00am
Scientists unveil world's oldest ice block

Scientists unveil world's oldest ice block

A million-year-old ice sample drilled from 3 kilometres under the Antarctic and unveiled in Tokyo on Tuesday could yield vital clues on climate change, Japanese scientists said.
Published 19 Apr, 2006 12:00am
Malaria kills 50 in India

Malaria kills 50 in India

At least 50 people have died from a malaria epidemic sweeping India's north-east and another 25,000 have fallen sick from the illness, health officials said Tuesday.
Published 19 Apr, 2006 12:00am
Army will 'cut off hand of aggressor': Ahmadinejad

Army will 'cut off hand of aggressor': Ahmadinejad

President Mahmoud Ahmadinejad vowed Tuesday that Iran would "cut off the hand of any aggressor" as the Islamic republic's army put on a show of strength in their annual military parade.
Published 19 Apr, 2006 12:00am
Bush declines to exclude nuclear strike on Iran

Bush declines to exclude nuclear strike on Iran

US President George W. Bush refused on Tuesday to rule out nuclear strikes against Iran if diplomacy fails to curb the Islamic Republic's atomic ambitions.
Published 19 Apr, 2006 12:00am
Indian movie star commits suicide

Indian movie star commits suicide

Indian movie and television star Vaishnavi has committed suicide, apparently because she could not cope with the stress of studying while pursuing her acting career, police said Tuesday.
Published 19 Apr, 2006 12:00am
Sri Lanka offers compromise to save peace bid

Sri Lanka offers compromise to save peace bid

Sri Lanka Tuesday agreed to helicopter rides for Tiger rebels in a bid to clear the way for truce talks as peace broker Norway sent an envoy to stop the island sliding back to war.
Published 19 Apr, 2006 12:00am
Thousands yell 'down with monarchy' at Nepal protest

Thousands yell 'down with monarchy' at Nepal protest

Thousands of people roaring "Down with the monarchy" demonstrated Tuesday and state employees were arrested for the first time in a two-week wave of anti-royal protests shaking Nepal.
Published 19 Apr, 2006 12:00am
China's Hu brings deals, promises to wary US

China's Hu brings deals, promises to wary US

Chinese President Hu Jintao left for the United States Tuesday bearing business deals and soothing words intended to allay US fears about China's ambitions, but he faces a US audience keen for more results.
Published 19 Apr, 2006 12:00am
Saudi Arabia arrests five militants

Saudi Arabia arrests five militants

Saudi Arabia said on Tuesday it had arrested five militants linked to a failed al Qaeda attack on a major oil facility in February, and seized 1.5 tonnes of explosives.
Published 19 Apr, 2006 12:00am
Israel signals tough response to bombing

Israel signals tough response to bombing

Israel on Tuesday waved in a new period of military pressure against the Palestinians, its troops on high alert following the first suicide bombing within its borders since Hamas shot to power.
Published 19 Apr, 2006 12:00am
Queen Elizabeth II 'most popular royal': survey

Queen Elizabeth II 'most popular royal': survey

Britain's Queen Elizabeth II is the most popular member of the royal family and more than half her subjects want her to reign for the rest of her life, a poll ahead of her 80th birthday suggested Tuesday.
Published 19 Apr, 2006 12:00am
Iraqi, US troops battle rebels; 15 bodies found

Iraqi, US troops battle rebels; 15 bodies found

Iraqi and US forces battled rebels in Baghdad for the second straight day Tuesday as car bombs exploded near two Shia mosques in a wave of violence that has surged amid the country's protracted power vacuum.
Published 19 Apr, 2006 12:00am
UK nurse found guilty of murdering patients

UK nurse found guilty of murdering patients

An attention-seeking nurse who deliberately poisoned patients at an Oxfordshire hospital was found guilty of two of their murders on Tuesday.
Published 19 Apr, 2006 12:00am
Indian rupee slips

Indian rupee slips

The Indian rupee ended weaker on Tuesday as the central bank left short-term interest rates steady and dealers noted increased demand for dollars from domestic oil firms against the backdrop of a spurt in global crude prices.
Published 19 Apr, 2006 12:00am
Sterling hits fresh 2-1/2 month peak

Sterling hits fresh 2-1/2 month peak

Sterling rose to its highest since early February against the dollar on Tuesday, as the US currency came under renewed pressure after tame US inflation data.
Published 19 Apr, 2006 12:00am
Dollar firms versus most majors

Dollar firms versus most majors

The dollar held steady against most major currencies on Tuesday, ahead of minutes from the Federal Reserve's March meeting that could shed light on when US interest rates will peak.
Published 19 Apr, 2006 12:00am
Bonds: Credit market sluggish after Easter break

Bonds: Credit market sluggish after Easter break

Credit default swaps on airports operator BAA spiked higher on Tuesday, but trading was thin in the European credit market, with few headlines to spur activity after a four-day Easter break.
Published 19 Apr, 2006 12:00am
Bonds: Credit market sluggish after Easter break

Bonds: Credit market sluggish after Easter break

Credit default swaps on airports operator BAA spiked higher on Tuesday, but trading was thin in the European credit market, with few headlines to spur activity after a four-day Easter break.
Published 19 Apr, 2006 12:00am
US Stocks: Tuesday's unofficial close

US Stocks: Tuesday's unofficial close

US stocks rallied with the Dow industrials up more than 140 points on Tuesday as solid earnings and the perception the Federal Reserve may soon end its rate increases countered concerns that record high oil prices could hurt economic growth and future pro
Published 19 Apr, 2006 12:00am
FTSE closes above 6,000 points

FTSE closes above 6,000 points

Britain's top share index sealed its 10th straight close above 6,000 points on Tuesday, with record oil and metals prices supporting the natural resources sector, but some analysts warned that the rise in commodity prices could turn into a negative factor
Published 19 Apr, 2006 12:00am
Italian commodities prices index hits new record

Italian commodities prices index hits new record

Commodities prices in Italy rose to record highs in March, mainly due to the rising cost of fuel and metals, according to an index of commodities prices from the country's biggest business group, Confindustria.
Published 19 Apr, 2006 12:00am
EU Commission accused of hypocrisy over GMOs

EU Commission accused of hypocrisy over GMOs

Leading environmental groups accused the European Commission on Tuesday of hypocrisy over genetically modified (GMO) foods, saying its public and private views on the safety of biotech crops were poles apart.
Published 19 Apr, 2006 12:00am
Gold hits 25-year peak, silver 23-year high

Gold hits 25-year peak, silver 23-year high

Gold surged to a new 25-year high on Tuesday and silver hit its highest level in 23 years as a blistering rally in commodities lured more players into the sector, dealers said.
Published 19 Apr, 2006 12:00am
New York cotton ends lower

New York cotton ends lower

Cotton futures settled easier Tuesday in a session featuring switch business as the furious rally in other commodity markets was basically ignored in the pit, brokers said.
Published 19 Apr, 2006 12:00am
London cocoa lower

London cocoa lower

London cocoa futures closed lower on Tuesday as hedge-related selling weighed on the market, dealers said. Benchmark July closed down four pounds at 871 pounds a tonne, having moved from 880 to 870 pounds, while the May contract finished down eight pounds
Published 19 Apr, 2006 12:00am
LME metals at new highs

LME metals at new highs

London Metal Exchange (LME) base metals recorded new peaks on Tuesday on fund buying, and supply worries could push the markets even higher, traders said.
Published 19 Apr, 2006 12:00am
Oil hits record above $72 on Iran fears

Oil hits record above $72 on Iran fears

Oil hit a record $72.64 a barrel on Tuesday as Iran defied world pressure to halt its nuclear program, raising new fears of a cut in supplies from the world's fourth-biggest crude exporter.
Published 19 Apr, 2006 12:00am
US MIDDAY: coffee futures advance

US MIDDAY: coffee futures advance

Nearby arabica coffee futures rose 2.4 percent Tuesday, propelled by fund buying in line with a hefty gain in London's robusta market amid renewed worries about tight supply and a general boost in commodities, traders said.
Published 19 Apr, 2006 12:00am
US MIDDAY: cocoa eases

US MIDDAY: cocoa eases

US cocoa futures settled in negative territory Tuesday, pressured by fund and speculative selling outpacing trade-type buying in the face of a flagging dollar, market sources said.
Published 19 Apr, 2006 12:00am
US MIDDAY: sugar jumps

US MIDDAY: sugar jumps

Raw sugar futures settled sharply higher Tuesday on heavy commodity fund buying as the market tracked furious rallies in oils and metals, with the sweetener seen rising further this week, brokers said.
Published 19 Apr, 2006 12:00am
US MIDDAY: corn firms

US MIDDAY: corn firms

Corn futures at the Chicago Board of Trade were holding firm early on Tuesday amid a slowdown in US corn seedings, traders said.
Published 19 Apr, 2006 12:00am
US MIDDAY: wheat higher

US MIDDAY: wheat higher

Wheat futures at the Chicago Board of Trade were higher early on Tuesday, following the Kansas City market in a mild recovery after Monday's steep declines, traders said.
Published 19 Apr, 2006 12:00am
US MIDDAY: soyabeans range-bound

US MIDDAY: soyabeans range-bound

The Chicago Board of Trade soyabean market was range-bound early Tuesday amid a lack of news to give traders much clear market direction.
Published 19 Apr, 2006 12:00am
US MIDDAY: gold reaches new 25-year high

US MIDDAY: gold reaches new 25-year high

New York gold, silver, platinum and palladium futures scored new long-term highs early Tuesday on buying sparked by record-high oil prices, dollar volatility and doubts about the US economy, dealers said.
Published 19 Apr, 2006 12:00am
Sialkot businessmen assured of incentives

Sialkot businessmen assured of incentives

The Punjab government will soon introduce a special package of incentives for the exporter to boost exports, as Sialkot city has assumed a model status for the developing world, after the development of its local cottage industries.
Published 19 Apr, 2006 12:00am
PTA upbeat about removal of duty on Indian tea

PTA upbeat about removal of duty on Indian tea

Visiting Pakistan Tea Association Chairman Muhammad Altaf said he was hopeful that reduction or removal of import duty on Indian tea would reduce illegal tea exports to Pakistan through Afghanistan route.
Published 19 Apr, 2006 12:00am
USAID helps set up emergency care centre at Mandra

USAID helps set up emergency care centre at Mandra

Representatives from the United State Agency for International Development (USAID) and the Punjab Ministry of Health inaugurated 24-hour-a-day emergency care services and ambulance transport at the Rural Health Center (RHC) Mandra.
Published 19 Apr, 2006 12:00am
Hectic rebuilding efforts under way: World Bank

Hectic rebuilding efforts under way: World Bank

Hectic efforts to rebuild October 8 earthquake affected areas of NWFP and Kashmir are now underway after Pakistan Government launched the phase of registration for housing reconstruction and livelihood cash grants two weeks ago.
Published 19 Apr, 2006 12:00am
Six teams to monitor H5NI virus infection

Six teams to monitor H5NI virus infection

Livestock and Dairy Development, Punjab, in collaboration with ICT Administration, Islamabad and district government Rawalpindi, has constituted six teams comprising technical field force of Poultry Research Institute, Rawalpindi in wake of H5NI Virus det
Published 19 Apr, 2006 12:00am
Nishtar Park tragedy: religious parties flay PPPP's 'soft' stand

Nishtar Park tragedy: religious parties flay PPPP's 'soft' stand

Religious political parties have criticised Pakistan Peoples Party Parliamentarians (PPPP) for its poor stand against security lapse on the part of the Sindh government on the occasion of Eid Milad-un-Nabi (peace be upon him) in Karachi when a bomb blast
Published 19 Apr, 2006 12:00am
Khar sees significant 'changes' in country

Khar sees significant 'changes' in country

Former Punjab Governor and leader of PPP Malik Ghulam Mustafa Khar has forecast some significant 'changes' in the political atmosphere of the country which would pave the way for democracy.
Published 19 Apr, 2006 12:00am
Food department to procure 2 million tons wheat

Food department to procure 2 million tons wheat

Punjab Food Department has reduced the 89 wheat procurement centres and this year it established only 289 centres to purchase two million tons of wheat at Rs 415 per 40 kg while last year the Food Department had established 378 centre to purchase 3.5 mill
Published 19 Apr, 2006 12:00am
Auto industry

Auto industry

With reference to a letter written by Jawaid Shafi on the auto industry, I would like to add that for an investor, vehicle hoarding is no different from sugar hoarding, or the buying and reselling of plots as all that matters is to create an artificial de
Published 19 Apr, 2006 12:00am
RALs of PGF

RALs of PGF

We write with reference to M. Ihsan Azad's letter published in your esteemed newspaper on 14th April, 2006. In reply, we would like to mention that the Right Allotment Letters (RALs) of PICIC Growth Fund (PGF) were despatched through a reputable courier s
Published 19 Apr, 2006 12:00am
Nadra's bill machine

Nadra's bill machine

Mohammad Khalid Sarwar's complaint published in a section of the press regarding Nadra's bill machine has been analysed. It has been ascertained that the SNGPL consumers who deposited their bills through the Nadra kiosk on 7th March 2006, their transactio
Published 19 Apr, 2006 12:00am
Battle for the streets in India's crowded city of the hawkers

Battle for the streets in India's crowded city of the hawkers

Every time street food seller Feroz Choudhary sees a council van with an "on duty" sign, he grabs his hotplate, dumps the coal from his cooker and flees. He is 39 now, married with three children and getting fed up with this twice-daily exercise.
Published 19 Apr, 2006 12:00am
Pakistan Steel privatisation: a blessing for the country

Pakistan Steel privatisation: a blessing for the country

It is indeed heartening to see a healthy debate going on in the media with respect to the recent privatisation of Pakistan Steel Mills. However, it is equally disturbing to note that several 'vested' parties have been exploiting the situation to mislead t
Published 19 Apr, 2006 12:00am
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