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Print - 2006-05-23
Saudi firm buys gold from African central bank

Saudi firm buys gold from African central bank

Private Saudi Al Othaim Jewellery Factory Group said on Monday it has bought 36 tonnes of raw gold from an African central bank for 1.8 billion riyals ($480 million).
Published 23 May, 2006 12:00am
Tunisia's wheat imports rise

Tunisia's wheat imports rise

Wheat imports by Tunisia, one of North Africa's leading grain buyers, rose 71 percent to 402,200 tonnes in the first quarter of this year compared with the same period last year, official figures showed on Monday.
Published 23 May, 2006 12:00am
US Midwest corn and soya bids rise on rivers

US Midwest corn and soya bids rise on rivers

Spot basis bids for corn and soyabeans rose along Midwest rivers on Monday as the cost of moving grain down waterways slipped for the first time in weeks, dealers said.
Published 23 May, 2006 12:00am
World coffee group should help poor farmers

World coffee group should help poor farmers

The International Coffee Organisation (ICO), the main governmental forum for the industry, must do more to help millions of poor small-scale farmers to survive and compete in the global market, development group Oxfam said on Monday.
Published 23 May, 2006 12:00am
Iran seeks medium-sized tanker for storage

Iran seeks medium-sized tanker for storage

Iran is seeking to secure a medium-sized tanker for dirty petroleum product storage, after confirming the booking of a suezmax tanker last week, shipbrokers said on Monday.
Published 23 May, 2006 12:00am
Singapore bunker fuel prices fall

Singapore bunker fuel prices fall

Singapore bunker prices eased on Monday and its premium to fuel oil cargo values edged lower, as healthy prompt demand from shipowners kept the market from sliding further, traders said.
Published 23 May, 2006 12:00am
Til turns higher on grain market

Til turns higher on grain market

Modest business was seen on the grain market on Monday as most of the commodities maintained the week-end levels, dealers said. On the seeds side, cottonseed oilcake was up by Rs 5 to Rs 630-635 in process of low trading.
Published 23 May, 2006 12:00am
Chemicals move both ways on Jodia Bazar

Chemicals move both ways on Jodia Bazar

The chemicals trading ended both ways here on Jodia Bazar on Monday. The following variations were seen in caustic soda flakes Saudi down Re 1 to Rs 33, sodium sulphate down 10 paisa to Rs 7.80.
Published 23 May, 2006 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 150,741 tonnes of cargo including 135,451 tonnes import, 15,290 tonnes export cargo and 3,863 containers during last 48 hours ending at 0700 hours on Monday.
Published 23 May, 2006 12:00am
Review of LME may lead to IPO, end of open-outcry

Review of LME may lead to IPO, end of open-outcry

A strategic review by the London Metal Exchange (LME) could result in the 129-year exchange being floated and, ultimately, closure of its traditional open-outcry floor.
Published 23 May, 2006 12:00am
Review of LME may lead to IPO, end of open-outcry

Review of LME may lead to IPO, end of open-outcry

A strategic review by the London Metal Exchange (LME) could result in the 129-year exchange being floated and, ultimately, closure of its traditional open-outcry floor.
Published 23 May, 2006 12:00am
Malaysia holds key interest rates

Malaysia holds key interest rates

Malaysia left its key interest rate steady at 3.50 percent on Monday, despite inflation near a 7-year high, calling a halt for now to a series of rate rises as consumers began to feel the pinch.
Published 23 May, 2006 12:00am
Iran won't export gas to UAE without better price

Iran won't export gas to UAE without better price

Iran will not export gas under a deal with a United Arab Emirates venture until it has secured a better price, Iran's oil minister said on Monday after a UAE firm said in May it hoped to receive gas this year.
Published 23 May, 2006 12:00am
Former Ahold bosses get mild sentences

Former Ahold bosses get mild sentences

A Dutch court sentenced the former chief executive and chief financial officer of supermarket group Ahold to suspended jail terms on Monday over one of Europe's largest financial scandals. The Ahold accounting scandal in 2003 pushed one of the world's lar
Published 23 May, 2006 12:00am
Rato sketches out plans for foreign exchange surveillance

Rato sketches out plans for foreign exchange surveillance

The International Monetary Fund in its new job as currency policeman will try and forge agreements among nations and regions on how to solve global imbalances, the IMF chief said on Monday. But Rodrigo Rato, the IMF's Managing Director, cautioned against
Published 23 May, 2006 12:00am
Eurozone swings to trade surplus in March

Eurozone swings to trade surplus in March

The eurozone unexpectedly swung to a trade surplus in March from a month earlier, first official estimates showed on Monday, confirming economic strengthening in the single currency area despite expensive oil.
Published 23 May, 2006 12:00am
Kazakhstan, Turkey agree on new oil refinery

Kazakhstan, Turkey agree on new oil refinery

Kazakhstan and Turkey have agreed to build an oil refinery on the Turkish shore of the Black Sea to process Kazakh crude, the Central Asian state's President Nursultan Nazarbayev said on Monday.
Published 23 May, 2006 12:00am
Sri Lanka, Yemen given war-risk rating for ships

Sri Lanka, Yemen given war-risk rating for ships

Sri Lanka and Yemen have been added to a list of high risk marine areas prone to acts of war and terrorism for merchant ships visiting ports and coastal regions, an industry body said on Monday.
Published 23 May, 2006 12:00am
China central bank pledges further yuan flexibility

China central bank pledges further yuan flexibility

China's central bank has pledged to work towards a more flexible exchange rate regime, but comments by government officials and researchers suggest greater liberalisation could still take some time.
Published 23 May, 2006 12:00am
US economic growth to slow in second half

US economic growth to slow in second half

US economic growth is likely to slow in the second half this year but inflation risks may prompt at least one more rate hike as the Federal Reserve nears the end of a two-year tightening campaign, a Reuters poll shows.
Published 23 May, 2006 12:00am
Gulf firms plan $2 billion Islamic equity fund

Gulf firms plan $2 billion Islamic equity fund

Gulf Arab firms and Deutsche Bank plan to raise a $2 billion Islamic private equity fund to invest in infrastructure in the Middle East, North Africa and South Asia.
Published 23 May, 2006 12:00am
Infineon, Microsoft sign prepaid computing deal

Infineon, Microsoft sign prepaid computing deal

German chipmaker Infineon has been selected by Microsoft as a development partner for prepaid and subscription computing, Infineon said in a statement on Monday.
Published 23 May, 2006 12:00am
Germany, China to work together on Chinese trains

Germany, China to work together on Chinese trains

Germany and China agreed Monday to work together on the building of 500 Chinese trains in a deal signed during German Chancellor Angela Merkel's first full day of a visit to Beijing. The two nations signed a memorandum of understanding to allow technical
Published 23 May, 2006 12:00am
Philippines shares little changed

Philippines shares little changed

Philippines share prices closed little changed on Monday as the market consolidated with some light bargain hunting in blue chips offset by declines in the broader market, dealers said.
Published 23 May, 2006 12:00am
Malaysian shares dip

Malaysian shares dip

Malaysian share prices closed 2.0 percent lower on Monday in line with losses in other regional markets and a sell-off in commodities, dealers said.
Published 23 May, 2006 12:00am
Thai shares decline

Thai shares decline

Thai share prices dropped 2.93 percent on Monday as selling spread across the board amid fears over rising US interest rates, dealers said. They said investors also dumped shares in line with a plunge in regional markets as the Indian stock market crashed
Published 23 May, 2006 12:00am
Singapore shares tumble

Singapore shares tumble

Singapore share prices plunged 3.1 percent on Monday after fears of rising US interest rates sparked massive sell-offs in global markets, dealers said.
Published 23 May, 2006 12:00am
Hong Kong shares drop worst since 2004

Hong Kong shares drop worst since 2004

Hong Kong stocks sank 3.11 percent on Monday in their biggest fall in two years amid sliding Asian markets and tumbling prices for gold and other metals, which triggered a sell-off in resource shares.
Published 23 May, 2006 12:00am
New Zealand shares sag

New Zealand shares sag

New Zealand share prices closed 0.70 percent lower on Monday as markets world-wide remain concerned by inflation and interest rate risks, dealers said.
Published 23 May, 2006 12:00am
Seoul stocks plumb seven-week lows

Seoul stocks plumb seven-week lows

Seoul stocks slid 2.5 percent to a fresh seven-week low on Monday as investors sold interest rate-sensitive shares, but Shinsegae jumped after it said it would buy the South Korean outlets of Wal-Mart Stores Inc.
Published 23 May, 2006 12:00am
Taiwan stocks close lower

Taiwan stocks close lower

Taiwan stocks fell 1.92 percent on Monday to a five-week closing low, as investors took quick profit on high-flying technology shares such as High Tech Computer Corp (HTC) after offshore investors sold heavily.
Published 23 May, 2006 12:00am
Chinese stocks plunge

Chinese stocks plunge

Chinese shares inched down on Monday as investors sold metals counters such as Jiangxi Copper amid falling prices for copper and zinc. The benchmark Shanghai composite index closed at 1,657.689 points, down 0.11 percent. It has still jumped 43 percent sin
Published 23 May, 2006 12:00am
NYSE unveils $10 billion plan to buy Euronext

NYSE unveils $10 billion plan to buy Euronext

The New York Stock Exchange unveiled an 8 billion euro ($10.2 billion) share and cash bid for Euronext, opening the way to a possible bid battle with Deutsche Boerse just a day before an annual meeting where Euronext shareholders could decide on its futur
Published 23 May, 2006 12:00am
Australian shares slump

Australian shares slump

Australian share prices slumped 1.37 percent on Monday as investors sold resource stocks following sharp falls in commodity markets on Friday dealers said. The benchmark S and P/ASX 200 index fell 70.1 points to 5,030.8 and the broader All Ordinaries Inde
Published 23 May, 2006 12:00am
Indian stocks recover after plunge halts trade

Indian stocks recover after plunge halts trade

Indian share prices recovered from a 10 percent plunge on Monday that halted trading for an hour to close down 4.18 percent as domestic funds helped prop the market, dealers said.
Published 23 May, 2006 12:00am
Jakarta shares fall

Jakarta shares fall

Indonesian share prices slumped 6.03 percent on Monday on another massive profit-taking binge by foreign investors amid a weakening rupiah and tumbling regional markets, dealers said.
Published 23 May, 2006 12:00am
Nikkei finishes below 16,000

Nikkei finishes below 16,000

The Nikkei average fell 1.84 percent on Monday to close below 16,000 for the first time in more than two months, as investors dumped Fanuc Ltd and other tech exporters amid concerns about the US economy.
Published 23 May, 2006 12:00am
Bangladesh interbank forex, interest rates

Bangladesh interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Monday. 69.10/69.20 (previous 69.13/69.20). Call Money Rates: 13.00-28.00 percent (previous 12.00-30.00 percent).
Published 23 May, 2006 12:00am
Indian rupee lifts from 2006 low on RBI aid, stocks

Indian rupee lifts from 2006 low on RBI aid, stocks

The Indian rupee pulled off its 2006 low on Monday and erased nearly all its losses against the US dollar on the back of suspected central bank intervention and a partial recovery in India's stock market.
Published 23 May, 2006 12:00am
Swiss franc near flat versus euro

Swiss franc near flat versus euro

The Swiss franc traded near flat against the euro on Monday compared with last Friday's close though still weaker than its average level last week ahead of retail sales data later in the session.
Published 23 May, 2006 12:00am
Dollar rises, attention turns back to rates

Dollar rises, attention turns back to rates

The dollar rose on Monday, extending gains made late last week when investors shifted money into US assets out of commodities such as gold and oil.
Published 23 May, 2006 12:00am
Australian dollar drops, breaches 75 cents

Australian dollar drops, breaches 75 cents

The Australian dollar tumbled to a one-month low against the US dollar and an 11-month low versus the safe-haven Swiss franc on Monday as risk-averse investors spurned commodities and commodity bloc currencies.
Published 23 May, 2006 12:00am
Asian currencies weak as risk aversion grows

Asian currencies weak as risk aversion grows

The Indonesian rupiah and Malaysian ringgit led other Asian currencies lower on Monday, as worries about accelerating inflation and high US interest rates led to growing risk aversion among global investors.
Published 23 May, 2006 12:00am
Hong Kong dollar firms

Hong Kong dollar firms

The Hong Kong dollar regained ground on Monday as some players unwound long US dollar positions in the wake of firmer short-dated money rates.
Published 23 May, 2006 12:00am
Chinese yuan ends at seven-week low

Chinese yuan ends at seven-week low

China's yuan edged down against the dollar to close at its lowest level in more than seven weeks on Monday as key Chinese state-owned banks, spurred by the strength of the US currency on global markets, bought dollar finished at 8.0260 to the dollar, comp
Published 23 May, 2006 12:00am
WTA rankings

WTA rankings

Martina Hingis' win in Rome on Sunday has earned her a place in the top 15 in the latest WTA world rankings released on Monday. Hingis, who was winning for the first time since her comeback in January, moved up seven places to 14th behind world number one
Published 23 May, 2006 12:00am
Essien out to shed hard-man image

Essien out to shed hard-man image

He might not have won a regular place in Chelsea's starting line-up, but Michael Essien certainly made a mark during his first season in England. About half-way up Didi Hamann's leg.
Published 23 May, 2006 12:00am
West Indies name unchanged squad for third ODI

West Indies name unchanged squad for third ODI

West Indies named an unchanged 14-man squad for the third one-dayer against visiting India to be played in St. Kitts on Tuesday, the board's Web site said.
Published 23 May, 2006 12:00am
Brazil won't intimidate Aussies, says Hiddink

Brazil won't intimidate Aussies, says Hiddink

Guus Hiddink believes five-times champions Brazil will have a fight on their hands against World Cup tyros Australia in their group match in Munich next month.
Published 23 May, 2006 12:00am
I'm happy to remain in Spain: Beckham

I'm happy to remain in Spain: Beckham

England captain David Beckham wants to stay in Spain even after retiring from football, the Real Madrid midfielder said in an interview to be screened on Tuesday.
Published 23 May, 2006 12:00am
Clutch birdie brings Herron tense PGA playoff victory

Clutch birdie brings Herron tense PGA playoff victory

Tim Herron sank a 10-foot birdie putt on the second playoff hole to defeat Sweden's Richard S. Johnson and give the American his fourth career PGA title on Sunday at the Colonial Tournament.
Published 23 May, 2006 12:00am
Colombian town breathes free after FARC pushed out

Colombian town breathes free after FARC pushed out

Four years ago, before Colombian President Alvaro Uribe started his crackdown on Marndean farming town of Viota could hardly make a move without permission from local guerrilla leaders.
Published 23 May, 2006 12:00am
Europe eclipses Hollywood in hot year for Cannes

Europe eclipses Hollywood in hot year for Cannes

Veteran Spanish director Pedro Almodovar leads the early running in Cannes this year with his bitter-sweet comedy "Volver", as European cinema overshadows Hollywood at the world's biggest film festival.
Published 23 May, 2006 12:00am
Obesity raises overall risk of breast cancer: study

Obesity raises overall risk of breast cancer: study

Women who gain weight as adults face a higher lifetime risk of all types of breast cancer, researchers reported on Monday. The study adds to a large body of evidence showing that weight and breast cancer can be closely linked.
Published 23 May, 2006 12:00am
US predicts busy hurricane season but not like 2005

US predicts busy hurricane season but not like 2005

The 2006 Atlantic hurricane season will be very active, with up to 10 hurricanes, although not as busy as record-breaking 2005, when Hurricane Katrina and several monster storms slammed into the United States, the US government's top climate agency said o
Published 23 May, 2006 12:00am
Pope to tell Poles to defend hard-won heritage

Pope to tell Poles to defend hard-won heritage

Capping a year of tributes to his predecessor, Pope Benedict goes to Poland this week to urge John Paul's countrymen to defend their Christian heritage as they integrate into an increasingly secularised Europe.
Published 23 May, 2006 12:00am
Talks on Iran issue 'pivotal', China tells Annan

Talks on Iran issue 'pivotal', China tells Annan

China told visiting United Nations Secretary General Kofi Annan on Monday that it was "pivotal" to continue dialogue on the Iran nuclear issue, state media reported.
Published 23 May, 2006 12:00am
Director General of WHO passes away

Director General of WHO passes away

The World Health Organisation (WHO) announced the sudden death on Monday of Director General Lee Jong-Wook, stunning ministers and senior officials from 192 countries at the opening of the agency's flagship annual assembly.
Published 23 May, 2006 12:00am
Car bomb kills three in Baghdad

Car bomb kills three in Baghdad

A car bomb went off in a crowded street in south-eastern Baghdad, killing at least three people and setting a building ablaze, police sources said.
Published 23 May, 2006 12:00am
Blair voices support for new Iraqi government

Blair voices support for new Iraqi government

British Prime Minister Tony Blair, on a surprise visit to Baghdad on Monday, pledged support for Iraq's new unity government in its efforts to stop the bloody slide towards civil war.
Published 23 May, 2006 12:00am
Hamas force battles rivals; Jordanian dies

Hamas force battles rivals; Jordanian dies

A new Hamas militia battled gunmen from a Fatah-dominated security force near the Palestinian parliament in Gaza on Monday in fresh clashes that killed a Jordanian driver and wounded six bystanders.
Published 23 May, 2006 12:00am
India will deal firmly with terrorism: Prime Minister

India will deal firmly with terrorism: Prime Minister

Prime Minister Manmohan Singh Monday pledged to continue the fight against terrorism, which he said posed a big threat to India's integrity. "Terrorism continues to pose a threat to our cohesiveness and national integrity," Singh said at a function to mar
Published 23 May, 2006 12:00am
Britain confirms meeting of world powers on Iran

Britain confirms meeting of world powers on Iran

Senior officials from the United States, Russia, China, France, Britain and Germany will meet in London on Wednesday to discuss the next steps on Iran's disputed nuclear programme, a British official confirmed on Monday.
Published 23 May, 2006 12:00am
Strong quake hits northeastern Russia

Strong quake hits northeastern Russia

A severe earthquake estimated to measure 6.7 on the Richter scale struck Monday in the northeastern Pacific coastal area of Russia, the Hong Kong observatory said.
Published 23 May, 2006 12:00am
EU proposes aid for Palestinian ministries, staff

EU proposes aid for Palestinian ministries, staff

The European Commission has drawn up a plan to provide tens of millions of dollars to run Palestinian ministries and pay staff in a bid to prevent the collapse of essential services, an EU official said on Monday.
Published 23 May, 2006 12:00am
Bush renews call for US immigration overhaul

Bush renews call for US immigration overhaul

President George W. Bush renewed his call Monday for a thorough reform of America's immigration laws, saying the US Congress must overhaul immigration in a way that is "safe, orderly and fair."
Published 23 May, 2006 12:00am
Montenegro strikes out on its own

Montenegro strikes out on its own

Montenegro ended nearly a century of formal ties to Serbia on Monday and won back its lost sovereignty in an independence referendum closing the final chapter in the story of Yugoslavia.
Published 23 May, 2006 12:00am
Saddam trial chaos as lawyer ejected

Saddam trial chaos as lawyer ejected

Saddam Hussein's trial over the killings of some 150 Shia in the 1980s degenerated into a shouting match on Monday after one of the fallen Iraqi dictator's female lawyers was thrown out of court.
Published 23 May, 2006 12:00am
US ships Tamiflu supplies to Asia

US ships Tamiflu supplies to Asia

Washington is building a stockpile of the anti-flu drug Tamiflu in Asia, US Secretary of Health and Human Services Mike Leaviit announced Monday. "Today I'm pleased to announce that the United States government has just deployed treatment courses of Tamif
Published 23 May, 2006 12:00am
Sterling hits 11-day low against dollar

Sterling hits 11-day low against dollar

Sterling hit its lowest in 11 days against the dollar on Monday but held relatively steady against the euro, deriving some support from merger and acquisition news.
Published 23 May, 2006 12:00am
Dollar gains ground in London

Dollar gains ground in London

The dollar rose on Monday, hitting a two-week high against the yen as volatility in global equity and commodity markets prompted investors to switch from riskier assets into cash.
Published 23 May, 2006 12:00am
GUS bonds fall as buyback hopes fade

GUS bonds fall as buyback hopes fade

Bonds in British retailer GUS fell and the cost of its credit default swaps rose on Monday after it said it had no plans to buy back $2 billion of outstanding bonds after a demerger.
Published 23 May, 2006 12:00am
GUS bonds fall as buyback hopes fade

GUS bonds fall as buyback hopes fade

Bonds in British retailer GUS fell and the cost of its credit default swaps rose on Monday after it said it had no plans to buy back $2 billion of outstanding bonds after a demerger.
Published 23 May, 2006 12:00am
Billions wiped off FTSE in latest retreat to five-month low

Billions wiped off FTSE in latest retreat to five-month low

UK stocks suffered another steep decline on Monday, wiping nearly 31 billion pounds off the FTSE 100's value and taking the index to its lowest close since mid-December, with resource stocks led by steelmaker Corus and miner Xstrata feeling the brunt of t
Published 23 May, 2006 12:00am
New York cotton ends in negative territory

New York cotton ends in negative territory

Cotton futures settled in negative territory, with follow-through speculative liquidation pushing benchmark fibre to a new contract low earlier in the session, market sources said.
Published 23 May, 2006 12:00am
London sugar rebounds

London sugar rebounds

London sugar futures closed slightly lower on Monday after recovering from earlier oil-led speculative selling across commodities. The benchmark August white sugar contract closed at $479.80 a tonne on Monday, down $1.20 from its Friday close.
Published 23 May, 2006 12:00am
Base metals mostly higher

Base metals mostly higher

Base metals maintained a recovery from early sessions lows on the London Metal Exchange (LME) on Monday, ending higher on covering, although market sentiment was tilting towards a more sober view of longer-term trends.
Published 23 May, 2006 12:00am
World oil bounces as Venezuela talks Opec cut

World oil bounces as Venezuela talks Opec cut

Oil rose sharply on Monday after Venezuela said swelling global inventories justify an Opec cut at the group's meeting next week and the US government predicted another busy hurricane season that could threaten rigs and refineries.
Published 23 May, 2006 12:00am
Gold drops in Europe

Gold drops in Europe

Volatile gold fell 3.5 percent to its lowest in nearly four weeks on Monday as a stronger dollar prompted selling, but pared losses when bargain-hunters jumped in.
Published 23 May, 2006 12:00am
Snow Leopard Network body meets today

Snow Leopard Network body meets today

World Wide Funds for Nature-Pakistan (WWF-P) is holding, for the first time in Pakistan a meeting of the Snow Leopard Network (SLN) committee from May 23-24 in Nathiagali in which key conservationists from Pakistan and around the world would meet.
Published 23 May, 2006 12:00am
Aptpma's budget and trade policy proposals-II

Aptpma's budget and trade policy proposals-II

Income Tax: (1) Income tax withheld at the time of realisation of export proceeds: final discharge of tax liability: Sub section 4 of Section 154, Income Tax Ordinance 2001 states that income tax deducted at the time of realisation of export procee
Published 23 May, 2006 12:00am
Aptpma's budget and trade policy proposals-II

Aptpma's budget and trade policy proposals-II

Income Tax: (1) Income tax withheld at the time of realisation of export proceeds: final discharge of tax liability: Sub section 4 of Section 154, Income Tax Ordinance 2001 states that income tax deducted at the time of realisation of export procee
Published 23 May, 2006 12:00am
Industrial cities and parks

Industrial cities and parks

In a city which is devoid or at least lacking in parks for the common people, it is heartening to note that parks and cities are being developed for Industries under various names "Textile City," Garment City" "NIP" etc.
Published 23 May, 2006 12:00am
Central depository system

Central depository system

I live in Dubai, from my childhood I have invested my saving in Pakistani Prize Bonds. Whenever I come to Pakistan I try to invest in prize bonds.
Published 23 May, 2006 12:00am
We failed, not the State

We failed, not the State

Many know well how much I love my country, Pakistan. But when I observe the recurrent occurrences of acid throwing over rival men and women in particular, I feel embarrassed.
Published 23 May, 2006 12:00am
Cancer vaccine faces Christian-right scrutiny

Cancer vaccine faces Christian-right scrutiny

Merck & Co Inc's vaccine to prevent the world's most prevalent sexually transmitted infection sailed through a panel of US health experts, despite early fears of opposition from the Christian Right that it might lead to promiscuity and a false sense of se
Published 23 May, 2006 12:00am
Fresh violence in Kashmir

Fresh violence in Kashmir

In less than three weeks' time there have been two major incidents of senseless violence in Occupied Kashmir. At least eight people were killed and 25 injured in Occupied Srinagar on Sunday when gunmen wearing police uniforms attacked a Congress party ral
Published 23 May, 2006 12:00am
Purchase of land for dams

Purchase of land for dams

The federal cabinet's decision to earmark funds in the next year's PSDP to acquire land for five mega water projects, including the Kalabagh Dam, demonstrates the government's firm resolve to go ahead with the dams' construction, consensus or no consensus
Published 23 May, 2006 12:00am
Nishtar Park incident: religious parties asked to appear before tribunal

Nishtar Park incident: religious parties asked to appear before tribunal

Inquiry Tribunal of Nishtar Park blast incident on Monday asked leaders, office bearers of as many as eleven religious organisations to appear in persons or through any of authorised representative or advocate, to present their viewpoint, theory of incide
Published 23 May, 2006 12:00am
Saad Rafiq gets bail

Saad Rafiq gets bail

Special Court for Suppression of Terrorist Activities on Monday allowed bail to PML-N MNA Khawaja Saad Rafiq in two different cases, while the Superintendent Jail Kot Lakhpat, released him after getting release orders.
Published 23 May, 2006 12:00am
Petition against judges' appointment dismissed

Petition against judges' appointment dismissed

The Lahore High Court (LHC) has dismissed a petition filed by President Watan Party (WP) challenging the appointments of judges in the higher courts against the principle of seniority.
Published 23 May, 2006 12:00am