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Print - 2006-04-24
The Weather

The Weather

The weather report on Sunday (April 23, 2006) and the forecast for Monday (April 24, 2006).
Published 24 Apr, 2006 12:00am
Your rupee last week

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (April 17 to 22, 2006).

Published 24 Apr, 2006 12:00am
KKI weekly review

KKI weekly review

Khanani & Kalia International (Pvt) Limited weekly review of currency notes on Sunday (April 23, 2006)
Published 24 Apr, 2006 12:00am
PRL - An environment friendly refinery

PRL - An environment friendly refinery

Pakistan Refinery Limited (PRL) was built and commissioned in October 1962 at Karachi in alliance with major foreign oil companies like Burmah Oil California, Texas Oil Corporation, Shell Petroleum Corporation and ESSO Standard Eastern Inc.
Published 24 Apr, 2006 12:00am
Lucky Tex

Lucky Tex

LUCKY TEX is a complete vertically integrated textile mill and with the addition of latest sate of the art processing, printing & finishing plant it becomes the most modern and technically well equipped mill in Pakistan, which has been specifically design
Published 24 Apr, 2006 12:00am
Tetra Pak

Tetra Pak

Tetra Pak began in the early 1950s as one of the first packaging companies for liquid milk. Since then, it has become one of the world's largest suppliers of packaging systems for liquid dairy products (milk, cream), juices, nectars and still drinks and n
Published 24 Apr, 2006 12:00am
Corporate Social Responsibility: opportunities and challenges

Corporate Social Responsibility: opportunities and challenges

The above statement is a reflection of the changing role of business. Whereas for Milton Friedman a few decades back the business of business was business for Anita Roddick today the business of business is responsibility.
Published 24 Apr, 2006 12:00am
Judges' remarks

Judges' remarks

The members of the Panel of Judges met on 18 March 2006 at Head Office, Lahore to evaluate the reports submitted by the entrants and concluded as follows:
Published 24 Apr, 2006 12:00am
About ACCA - WWF Pakistan

About ACCA - WWF Pakistan

ACCA is the largest global professional accountancy body in the world, with over 345,000 members and students in 160 countries. ACCA's headquarters is in London and it has 75 offices and other centres around the world.
Published 24 Apr, 2006 12:00am
Message from Chief Executive Officer Lucky Tex, Pakistan

Message from Chief Executive Officer Lucky Tex, Pakistan

Lucky Tex was established in 1993 by our Company Chairman Mr Ahmed Tabba. Under a joint venture with a foreign firm a Stitching unit was made operational in 1995, and then in 1997 a site was bought for a complete in-house production facility from weaving
Published 24 Apr, 2006 12:00am
Message from Managing Director Tetra Pak

Message from Managing Director Tetra Pak

I am delighted that Tetra Pak Pakistan is the proud recipient of the prestigious ACCA-WWF Pakistan Environmental Reporting Awards 2005.
Published 24 Apr, 2006 12:00am
Message from Head of ACCA Pakistan

Message from Head of ACCA Pakistan

ACCA has been actively involved with the unfolding debate on corporate social and environmental responsibility since 1990. We promote transparency and best practice.
Published 24 Apr, 2006 12:00am
Message from Director General, WWF Pakistan

Message from Director General, WWF Pakistan

Over the years PERA has helped corporate sector in becoming environmentally responsible by reporting environmental management strategies & policies. Also, continual improvement in environmental reporting will help in meeting regulations and other internat
Published 24 Apr, 2006 12:00am
Message from Minister of State for Environment Government of Pakistan

Message from Minister of State for Environment Government of Pakistan

In its pursuit of economic development, Pakistan is cognisant of protecting the environment and to ensure all Pakistani's with a quality living environment. Up until recently, a regulatory approach has been used to implement the various environmental prot
Published 24 Apr, 2006 12:00am
Appleby leads Houston Open by two strokes

Appleby leads Houston Open by two strokes

Australia's Stuart Appleby fired a third-round 69 on Saturday to hold a two-shot lead over surging Swede Mathias Gronberg heading into the final round of the Shell Houston Open.
Published 24 Apr, 2006 12:00am
Fernandez-Castano wins BMW Asian Open

Fernandez-Castano wins BMW Asian Open

Gonzalo Fernandez-Castano, last year's European Rookie of the Year, capitalised on a disastrous triple bogey by Sweden's Henrik Stenson to win the BMW Asian Open on Sunday.
Published 24 Apr, 2006 12:00am
China favourites for world team title

China favourites for world team title

China are the overwhelming favourites to win the world table tennis team championship which starts here on Monday. Such is the dominance of the Chinese, who won all the titles at last year's world individual event in Shanghai, that their rivals have been
Published 24 Apr, 2006 12:00am
Beckham too weak to captain England: Robson

Beckham too weak to captain England: Robson

West Brom manager and former-England captain Bryan Robson claimed Sunday that Real Madrid star David Beckham is too weak to captain the national side and should be replaced for the World Cup.
Published 24 Apr, 2006 12:00am
Nadal brings his clay game home to Spain

Nadal brings his clay game home to Spain

Rafael Nadal brings his clay game home to Spain for the first time this season as he defends another 2005 title as top seed at the Barcelona Open starting on Monday.
Published 24 Apr, 2006 12:00am
Klitschko wins title, repairs tarnished reputation

Klitschko wins title, repairs tarnished reputation

Vladimir Klitschko won something more important than the International Boxing Federation heavyweight championship by flooring American Chris Byrd in a one-sided bout on Saturday.
Published 24 Apr, 2006 12:00am
Oil consumers must come clean on energy plans: Nigeria

Oil consumers must come clean on energy plans: Nigeria

Major oil consuming nations and companies must outline their plans for the downstream refining sector to help avoid wild oil price swings, Nigerian Minister of State for Petroleum Edmund Daukoru said on Sunday.
Published 24 Apr, 2006 12:00am
Foreign cash still flows to Iran's oilfields

Foreign cash still flows to Iran's oilfields

Iran's dispute with the West over its nuclear work is not scaring foreign investors from the country's prized oil, which Tehran vows to keep exporting no matter what.
Published 24 Apr, 2006 12:00am
EU to approve aid for bird flu-hit poultry farmers

EU to approve aid for bird flu-hit poultry farmers

European Union farm ministers are set to approve Tuesday special aid payments to poultry farmers hit by the collapse of prices due to the bird flu crisis, officials say.
Published 24 Apr, 2006 12:00am
Bangladesh likely to raise fuel prices

Bangladesh likely to raise fuel prices

Bangladesh, where soaring prices of fuel and commodities have set off violent protests, said on Sunday another hike in petroleum prices may come soon.
Published 24 Apr, 2006 12:00am
Global economy shrugs off record cost of crude

Global economy shrugs off record cost of crude

The global economy is having to learn to live with stubbornly high oil prices, and so far it has done pretty well - but the long-term outlook is uncertain, according to analysts here.
Published 24 Apr, 2006 12:00am
What is causing high oil prices?

What is causing high oil prices?

The spike in oil prices, currently around 75 dollars a barrel or about three times the level of four years ago, is a result of geopolitical and technical factors that seem unlikely to disappear soon.
Published 24 Apr, 2006 12:00am
Oil consumers turn up pressure on producers - but to what end?

Oil consumers turn up pressure on producers - but to what end?

The world's most powerful oil consumers, fearing soaring energy costs could endanger their prosperity, turned up the heat on producer countries this week end but met stiff resistance to their appeals for enhanced output capacity.
Published 24 Apr, 2006 12:00am
Gulf states reap the fruits of record oil prices

Gulf states reap the fruits of record oil prices

Energy-rich Gulf Arab states have reaped the fruits of high crude prices, posting record oil revenues of about 300 billion dollars last year, and are set to increase their windfall in 2006.
Published 24 Apr, 2006 12:00am
'Palm oil tanker spills load into Malaysian river'

'Palm oil tanker spills load into Malaysian river'

A truck full of palm oil has overturned and emptied its load into a river near the Malaysian capital, threatening to disrupt the water supply to thousands of residents, a report said Sunday.
Published 24 Apr, 2006 12:00am
BMW aims to keep Asian Open in China

BMW aims to keep Asian Open in China

German car giant BMW said Sunday it was committed to the Chinese market and would almost certainly keep its flagship Asian Open golf tournament on the mainland.
Published 24 Apr, 2006 12:00am
Saudi Arabia may set up strategic oil reserve in China

Saudi Arabia may set up strategic oil reserve in China

Chinese President Hu Jintao discussed with Saudi leaders during his current visit a proposal to set up a strategic oil reserve in China fed by Saudi supplies, a Chinese official told AFP Sunday.
Published 24 Apr, 2006 12:00am
Iodine could have prevented cancer among Chernobyl victims

Iodine could have prevented cancer among Chernobyl victims

The United Nations Children's Fund (UNICEF) says that iodised salt could have lowered the numbers of children who developed thyroid cancer following the Chernobyl nuclear accident, and called for the supplement to be widely used throughout the affected re
Published 24 Apr, 2006 12:00am
Production of wholesome milk

Production of wholesome milk

Several factors directly or indirectly influence the full production potential of dairy animals that include inadequate feed sources, dairy herd structure, inadequate marketing channels and animal diseases.
Published 24 Apr, 2006 12:00am
Transport major source of pollution in major cities

Transport major source of pollution in major cities

The Director General Environmental Protection Agency, Punjab, Choudhry Ahmed Nadeem, has said that owing to rapid growth of population in the urban areas and shifting of rural people to the big cities, the atmosphere has become polluted.
Published 24 Apr, 2006 12:00am
'Neem, the Village Pharmacy' of South Asia

'Neem, the Village Pharmacy' of South Asia

The Neem tree grows prolifically throughout South Asia, especially in Pakistan, Burma, India and Sri Lanka. Its medicinal properties have been known about for thousands of years and its uses are so varied that this tree is called the "Village Pharmacy" of
Published 24 Apr, 2006 12:00am
Media violence harms kids

Media violence harms kids

Watching too much violent TV and playing too many violent video games takes a toll on children's social and physical development, researchers report.
Published 24 Apr, 2006 12:00am
HEALTH UPDATE: hiccups a possible sign of cancer

HEALTH UPDATE: hiccups a possible sign of cancer

Persistent hiccupping in addition to weight-loss and difficulty swallowing could be a warning sign of cancer of the oesophagus, an Irish researcher said on April 19.
Published 24 Apr, 2006 12:00am
HEALTH UPDATE: learning linked to heart

HEALTH UPDATE: learning linked to heart

Fewer years spent in school are associated with the earlier appearance of the first signs of future heart trouble, a long-term study suggests.
Published 24 Apr, 2006 12:00am
HEALTH UPDATE: no brain damage from dental fillings

HEALTH UPDATE: no brain damage from dental fillings

Silver dental fillings widely used to fill cavities do not appear to cause brain damage in children even though the mercury in them is a known neurotoxin, according to studies published on April 18.
Published 24 Apr, 2006 12:00am
HEALTH UPDATE: probiotic yogurt aids in eliminating ulcer bug

HEALTH UPDATE: probiotic yogurt aids in eliminating ulcer bug

The stomach bug Helicobacter pylori is the cause of most stomach ulcers, so doctors often try to eradicate the trouble-maker with antibiotic therapy. When this doesn't work, as is the case 10-23 percent of the time, a yogurt may help, according to a study
Published 24 Apr, 2006 12:00am
HEALTH UPDATE: guava leaf can protect jaundice

HEALTH UPDATE: guava leaf can protect jaundice

Pharmacologists here have found that a powdery extract prepared from the leaves of guava plant (Psidium guajava) protects liver from damage, a finding that may help in developing a cheap remedy for jaundice.
Published 24 Apr, 2006 12:00am
Da Vinci Code quest launched as online puzzle

Da Vinci Code quest launched as online puzzle

It has been spun into a video game and mobile phone game already - now fans of The Da Vinci Code can also embark on an online puzzle quest run by Google.
Published 24 Apr, 2006 12:00am
Google to search inside business software programmes

Google to search inside business software programmes

Google Inc, the consumer Web search favourite, will help office workers dig deeper into business software programs and databases to find relevant information tidbits, the company said on April 18.
Published 24 Apr, 2006 12:00am
Spyware threatens computer privacy

Spyware threatens computer privacy

Regular internet surfers may have experience of PC infection, when browser opens several pop-up windows simultaneously, tens or hundreds applications installed automatically and all run at the same time.
Published 24 Apr, 2006 12:00am
Cisco invests $16 million in video encryption firm

Cisco invests $16 million in video encryption firm

Widevine Technologies, which designs technology to prevent digital video theft, on April 19 said it had received $16 million from several investors, including network equipment maker Cisco Systems Inc.
Published 24 Apr, 2006 12:00am
Oracle gets global certification for outstanding services, support

Oracle gets global certification for outstanding services, support

Oracle on April 21 announced it has become the first enterprise software provider to receive global certification under the new J.D. Power and Associates Certified Technology Service & Support Program for its world-wide support business, encompassing 17 h
Published 24 Apr, 2006 12:00am
Consumers splash out on technology gadgets

Consumers splash out on technology gadgets

The first batch of quarterly results from technology companies this week showed there is no stopping consumer spending on gadgets. Mobile phone makers reported a whopping 30 percent average increase in shipments in the traditionally slow January-March qua
Published 24 Apr, 2006 12:00am
Internet plays bigger role in life decisions: poll

Internet plays bigger role in life decisions: poll

Nearly half of US users of the Internet went online for help with major life decisions such as finding a college for their child or looking for a new place to live, according to a survey released on April 19.
Published 24 Apr, 2006 12:00am
Pakistan - promising, dynamic PC market in world

Pakistan - promising, dynamic PC market in world

Growing IT awareness in the country and increased focus from multinational IT vendors, Pakistan's PC shipments grew by 16.6 percent in 2005 to reach 494,000 units. Additional market accelerators include strong economic growth, the government's drive to pr
Published 24 Apr, 2006 12:00am
Ericsson wins push e-mail deal

Ericsson wins push e-mail deal

Telecom equipment maker Ericsson said on April 19 that it had won a contract with mobile operator 3 Scandinavia to provide push e-mail, giving access to email, contact and calendar updates via 3G networks.
Published 24 Apr, 2006 12:00am
Nokia to unveil new multimedia phones

Nokia to unveil new multimedia phones

The world's largest cellphone maker Nokia will unveil new multimedia phone models, including an N73 camera phone, at an event in Berlin next week, sources close to the company told Reuters.
Published 24 Apr, 2006 12:00am
Gates makes cryptic remark on Internet

Gates makes cryptic remark on Internet

Microsoft chairman Bill Gates made a cryptic remark about Internet freedom at a luncheon with Chinese President Hu Jintao on April 19, underscoring the sensitivity of the issue.
Published 24 Apr, 2006 12:00am
Apple plans new campus in California

Apple plans new campus in California

Apple Computer Inc is planning to build a new, 50-acre campus near its present headquarters in Cupertino, California, company Chief Executive Steve Jobs said.
Published 24 Apr, 2006 12:00am
In Short: global PC shipments rise 12.9 percent in first quarter

In Short: global PC shipments rise 12.9 percent in first quarter

World-wide shipments of personal computers rose a better-than-forecast 12.9 percent in the first quarter, with nearly all regions doing better than expected, helped by strong notebook sales, according to data released by market researcher IDC.
Published 24 Apr, 2006 12:00am
American Airlines quarterly loss narrows

American Airlines quarterly loss narrows

Leading US carrier American Airlines Inc on April 19 reported a narrower quarterly loss as rising fuel prices were partially offset by increasing revenue.
Published 24 Apr, 2006 12:00am
American Airlines quarterly loss narrows

American Airlines quarterly loss narrows

Leading US carrier American Airlines Inc on April 19 reported a narrower quarterly loss as rising fuel prices were partially offset by increasing revenue.
Published 24 Apr, 2006 12:00am
Citigroup first-quarter profit rises

Citigroup first-quarter profit rises

Citigroup Inc on April 17, said first-quarter profit rose 4 percent as record revenue from non-US operations and from fixed-income trading and investment banking offset weakness in US consumer banking operations.
Published 24 Apr, 2006 12:00am
Citigroup first-quarter profit rises

Citigroup first-quarter profit rises

Citigroup Inc on April 17, said first-quarter profit rose 4 percent as record revenue from non-US operations and from fixed-income trading and investment banking offset weakness in US consumer banking operations.
Published 24 Apr, 2006 12:00am
India's Wipro net profit jumps 26.9 percent

India's Wipro net profit jumps 26.9 percent

India's third-largest software exporter, Wipro, annual net profit climbed 26.9 percent as revenues crossed the two-billion-dollar mark in a booming outsourcing market.
Published 24 Apr, 2006 12:00am
India's Wipro net profit jumps 26.9 percent

India's Wipro net profit jumps 26.9 percent

India's third-largest software exporter, Wipro, annual net profit climbed 26.9 percent as revenues crossed the two-billion-dollar mark in a booming outsourcing market.
Published 24 Apr, 2006 12:00am
Toyota plans $12 billion investment till March 2007

Toyota plans $12 billion investment till March 2007

Japan's Toyota Motor said on April 20, it plans to spend about 1.4 trillion yen (12 billion dollars) on plants and equipment in the year to March 2007, with the focus on overseas markets.
Published 24 Apr, 2006 12:00am
Bank of America first quarter profit up 13.5 percent

Bank of America first quarter profit up 13.5 percent

Bank of America Corp on April 20 said first-quarter profit rose 13.5 percent, topping Wall Street forecasts, helped by record investment banking fees and trading profit and the purchase of credit card issuer MBNA Corp.
Published 24 Apr, 2006 12:00am
Bank of America first quarter profit up 13.5 percent

Bank of America first quarter profit up 13.5 percent

Bank of America Corp on April 20 said first-quarter profit rose 13.5 percent, topping Wall Street forecasts, helped by record investment banking fees and trading profit and the purchase of credit card issuer MBNA Corp.
Published 24 Apr, 2006 12:00am
Fund managers struggle to value strategic UK firms

Fund managers struggle to value strategic UK firms

Fund managers are finding it difficult to justify recent share prices of one-of-a-kind UK assets such as the London Stock Exchange and Associated British Ports, and opinion is divided on their true worth.
Published 24 Apr, 2006 12:00am
Fund managers struggle to value strategic UK firms

Fund managers struggle to value strategic UK firms

Fund managers are finding it difficult to justify recent share prices of one-of-a-kind UK assets such as the London Stock Exchange and Associated British Ports, and opinion is divided on their true worth.
Published 24 Apr, 2006 12:00am
Acer plans to sell 50 million BenQ shares

Acer plans to sell 50 million BenQ shares

Taiwan-based Acer Inc, the world's fourth largest branded personal computer vendor, said on April 17, it plans to release 50 million shares in cell handset maker BenQ through global depository receipts.
Published 24 Apr, 2006 12:00am
Acer plans to sell 50 million BenQ shares

Acer plans to sell 50 million BenQ shares

Taiwan-based Acer Inc, the world's fourth largest branded personal computer vendor, said on April 17, it plans to release 50 million shares in cell handset maker BenQ through global depository receipts.
Published 24 Apr, 2006 12:00am
VSNL eyes more acquisitions

VSNL eyes more acquisitions

India's top international telecoms provider Videsh Sanchar Nigam Ltd said on April 18, it would seek more acquisitions to boost its network access and expand the range of services on offer to customers.
Published 24 Apr, 2006 12:00am
Visa sees its China growth at 70-80 percent

Visa sees its China growth at 70-80 percent

Visa is expecting double-digit growth in China over the next five years, exploiting a market where plastic money is still a rarity and contributes less than 1 percent to the company's global business.
Published 24 Apr, 2006 12:00am
Visa sees its China growth at 70-80 percent

Visa sees its China growth at 70-80 percent

Visa is expecting double-digit growth in China over the next five years, exploiting a market where plastic money is still a rarity and contributes less than 1 percent to the company's global business.
Published 24 Apr, 2006 12:00am
Hyundai Motor pledges $1 billion to charity amid probe

Hyundai Motor pledges $1 billion to charity amid probe

South Korea's biggest car maker, Hyundai Motor Co, apologised on April 19 for a deepening bribery scandal and said its chairman's family would donate $1 billion in shares of an affiliate to charity.
Published 24 Apr, 2006 12:00am
Nineteen firms bid for Daewoo Electronics

Nineteen firms bid for Daewoo Electronics

Nineteen appliance makers and financial groups, including Whirlpool Corp, J. P. Morgan Chase & Co and AIG, submitted preliminary bids for South Korea's Daewoo Electronics, newspapers reported.
Published 24 Apr, 2006 12:00am
Bangladesh interbank rates

Bangladesh interbank rates

Bangladesh interbank buy/sell rates for the taka against the dollar on Sunday. 69.25/69.95 (previous 69.15/70.00) Call Money Rates: 14.00-34.00 percent (previous 16.00-39.00 percent).
Published 24 Apr, 2006 12:00am
Singapore shares expected to ease on profit taking

Singapore shares expected to ease on profit taking

Singapore shares are expected to ease on profit-taking next week after a rally that propelled the benchmark index to new all-time highs beyond 2,600 points, dealers said.
Published 24 Apr, 2006 12:00am
Taiwan shares likely to fall

Taiwan shares likely to fall

Taiwan share prices are expected to correct next week after recent sustained gains, with investors likely to take profits and test the key 7,000 points support level, dealers said Friday.
Published 24 Apr, 2006 12:00am
Indian shares on a roll but is it time to turn cautious?

Indian shares on a roll but is it time to turn cautious?

Can India's stock market keep rising after its record-breaking streak or is it time for investors to bail out? It has been just two-and-half months since Mumbai's benchmark index, the Sensex, hit the historic 10,000 mark and last week it raced past 12,000
Published 24 Apr, 2006 12:00am
Asian currencies rise against dollar

Asian currencies rise against dollar

Asian currencies mainly rose against the dollar last week, as investors speculated that the US Federal Reserve would stop raising interest rates.
Published 24 Apr, 2006 12:00am
Jakarta stock market may decline

Jakarta stock market may decline

The Indonesian stock market is expected to undergo a correction in the coming week after rising more than five percent this week, analysts said Friday.
Published 24 Apr, 2006 12:00am