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Nov 25, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2006-06-14
Jakarta shares weaken on rate fears

Jakarta shares weaken on rate fears

Jakarta share prices closed 2.87 percent lower on Tuesday in line with regional losses on fears the US Federal Reserve will implement a bigger-than-anticipated rate hike this month, dealers said.
Published 14 Jun, 2006 12:00am
Nikkei posts biggest one-day loss in two years

Nikkei posts biggest one-day loss in two years

The Nikkei share average plunged 4.14 percent on Tuesday to book its biggest one-day percentage loss in two years as Advantest Corp and other high-tech firms fell after drops in their US peers, while concerns over price competition sent flat-screen TV mak
Published 14 Jun, 2006 12:00am
Chinese shares sag

Chinese shares sag

China's shares traded slightly lower on Tuesday, as the market continued a moderate correction, anticipating a flood of IPOs will absorb liquidity. The benchmark Shanghai composite index inched down 0.28 percent to close at 1,548.495 points, after droppin
Published 14 Jun, 2006 12:00am
Swiss franc remains steady

Swiss franc remains steady

The Swiss franc was little changed against the US dollar and the euro early on Tuesday in the run up to a widely expected rate rise by the Swiss National Bank on Thursday.
Published 14 Jun, 2006 12:00am
Yuan scores biggest daily gain versus dollar

Yuan scores biggest daily gain versus dollar

The Chinese yuan on Tuesday staged its biggest single-day gain against the US dollar since its revaluation, buoyed by comments from Federal Reserve Chairman Ben Bernanke and a temporary yuan liquidity shortfall.
Published 14 Jun, 2006 12:00am
Dollar near one-month high

Dollar near one-month high

The dollar hovered near a one-month high against the euro on Tuesday after more Federal Reserve officials talked tough on fighting inflation, reinforcing expectations for another interest rate rise later this month.
Published 14 Jun, 2006 12:00am
Dollar rises to one-month high versus euro

Dollar rises to one-month high versus euro

The dollar climbed to one-month highs against the euro on Monday, as investors bought the greenback amid increased expectations that the Federal Reserve will raise interest rates again later this month.
Published 14 Jun, 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. 69.49/69.80 (previous 69.49/69.68). Call Money Rates: 7.00-16.00 percent (previous 6.75-17.00 percent.
Published 14 Jun, 2006 12:00am
Asian currencies at multi-month lows

Asian currencies at multi-month lows

Asian currencies hit multi-month lows on Tuesday, beaten back by tumbling stocks on persistent worries the United States will raise interest rates this month despite signs growth is slowing.
Published 14 Jun, 2006 12:00am
Hong Kong dollar hits a fresh three-month low

Hong Kong dollar hits a fresh three-month low

The Hong Kong dollar hit a fresh three-month lows against the US dollar on Tuesday, weighed down by a decline in the stock market and some arbitrage plays.
Published 14 Jun, 2006 12:00am
Crouch can be England star, says hero Kempes

Crouch can be England star, says hero Kempes

Argentina's 1978 World Cup winning star Mario Kempes believes England's title hopes hinge more on Peter Crouch than Wayne Rooney. Kempes, who was top scorer at the 1978 finals and inspired the South Americans to their first ever World Cup triumph, insists
Published 14 Jun, 2006 12:00am
Red card knocked stuffing out of Togo: Assimiou

Red card knocked stuffing out of Togo: Assimiou

Togolese defender Assimiou Toure said a red card for captain Jean-Paul Abalo knocked the stuffing out of the Africans' challenge in their 2-1 loss to South Korea.
Published 14 Jun, 2006 12:00am
Navratilova confident of taking another bow at Wimbledon

Navratilova confident of taking another bow at Wimbledon

Martina Navratilova, who turns 50 in October, is confident she will be playing at Wimbledon this year, despite pulling out of the DFS Classic here with a knee problem. Navratilova, who had planned to begin her Wimbledon build-up by playing doubles at the
Published 14 Jun, 2006 12:00am
Campbell happy to fly under radar at US Open golf

Campbell happy to fly under radar at US Open golf

Michael Campbell's triumph at the 2005 US Open made him a superstar in his native New Zealand, but the defending champion is happy to fly under the radar at Winged Foot this week.
Published 14 Jun, 2006 12:00am
Golden boy Ahn the hero again for South Korea

Golden boy Ahn the hero again for South Korea

Talismanic striker Ahn Jung-Hwan came off the bench to score the winner for South Korea in their come-from-behind 2-1 victory over 10-man Togo in their Group G World Cup opener here on Tuesday.
Published 14 Jun, 2006 12:00am
Taiwan MPs set ball rolling to oust president

Taiwan MPs set ball rolling to oust president

Opposition legislators in Taiwan launched a motion to oust President Chen Shui-bian at a special session of parliament on Tuesday, turning up the heat over a series of scandals involving Chen's family and former aides.
Published 14 Jun, 2006 12:00am
Cyprus tests Turkey's commitment to EU

Cyprus tests Turkey's commitment to EU

Frantic telephone calls followed by a last-minute dash to the airport to board a waiting plane - many Turks believe such drama has become an essential component of their country's push to join the European Union.
Published 14 Jun, 2006 12:00am
Indonesia's Bashir to leave jail today

Indonesia's Bashir to leave jail today

Indonesian cleric Abu Bakar Bashir, who was jailed for his involvement in the 2002 Bali bombings, will be freed from prison as scheduled on June 14, his lawyer said on Tuesday after meeting jail officials.
Published 14 Jun, 2006 12:00am
Calm returns to Guinea, general strike bites

Calm returns to Guinea, general strike bites

An uneasy calm returned to Guinea on Tuesday a day after at least nine people died when soldiers opened fire on rampaging students during a tense general strike in the poor West African state.
Published 14 Jun, 2006 12:00am
East Sudan talks to begin in Asmara after delay

East Sudan talks to begin in Asmara after delay

Rebels from Sudan's east will open their first talks with the Khartoum government on Tuesday in neighbouring Eritrea, hoping to resolve the simmering conflict in the gold-rich area, officials said.
Published 14 Jun, 2006 12:00am
US House passes $94.5 billion for wars, hurricanes

US House passes $94.5 billion for wars, hurricanes

The US House of Representatives on Tuesday approved $94.5 billion in additional funds for the wars in Iraq and Afghanistan and to continue rebuilding southern states hit by hurricanes last year. The House voted 351-67 for the bill on the same day Presiden
Published 14 Jun, 2006 12:00am
Iraq tells UN it wants multinational force to stay

Iraq tells UN it wants multinational force to stay

Iraq has formally notified the UN Security Council that it wants the US-led multinational force to remain in place for now as Iraqi troops and police are not yet ready to ensure security on their own.
Published 14 Jun, 2006 12:00am
No CIA leak charges against White House aide

No CIA leak charges against White House aide

White House aide Karl Rove will not be charged in the CIA leak case, his lawyer said on Tuesday in a much-needed boost for President George W. Bush's White House, which has been battered by bad news for months.
Published 14 Jun, 2006 12:00am
Non-aligned states set to back Iran

Non-aligned states set to back Iran

Non-aligned states will back Iran's right to nuclear work at a UN meeting this week, unmoved by US calls to add their weight to efforts to get Tehran to stop enriching uranium, diplomats said.
Published 14 Jun, 2006 12:00am
Suicide bombs biggest threat to US

Suicide bombs biggest threat to US

Suicide bombs rather than chemical, biological or nuclear weapons are the most serious threat to the United States, according to a survey of top American foreign policy and terrorism experts.
Published 14 Jun, 2006 12:00am
New Iraq Qaeda leader vows vengeance

New Iraq Qaeda leader vows vengeance

Al Qaeda's new leader in Iraq vowed on Tuesday to avenge the killing of his predecessor Abu Musab al-Zarqawi, saying Americans and their Iraqi allies would not be safe in their strongholds, according to a Web statement.
Published 14 Jun, 2006 12:00am
Bangladesh strike turns violent; 70 hurt

Bangladesh strike turns violent; 70 hurt

Clashes between Bangladesh police and opposition activists left nearly 70 people injured and transport and business were largely paralysed on Tuesday, the first day of a two-day strike for electoral reforms.
Published 14 Jun, 2006 12:00am
First tropical storm of the year hits western Florida

First tropical storm of the year hits western Florida

This year's first Atlantic tropical storm dumped rain on Florida Tuesday, but with still-fresh memories of last year's killer storms, locals were relieved that it failed to become a hurricane as expected.
Published 14 Jun, 2006 12:00am
36 killed across Iraq

36 killed across Iraq

At least 36 people were killed across Iraq Tuesday, including 18 in a bombing campaign in the oil city of Kirkuk. Five car bombs, several of them involving suicide attackers, rocked the ethnically diverse city that has been more known individual killings
Published 14 Jun, 2006 12:00am
Bush makes surprise visit to Iraq, meets Maliki

Bush makes surprise visit to Iraq, meets Maliki

President George W. Bush made a surprise visit to Baghdad to try to bolster the new government of Prime Minister Nuri al-Maliki on Tuesday, days after US forces killed al Qaeda's chief in Iraq.
Published 14 Jun, 2006 12:00am
Saddam trial wraps up defence case

Saddam trial wraps up defence case

Defence lawyers for Saddam Hussein and seven co-accused of crimes against humanity wrapped up their case on Tuesday and the court said it will hear final statements within a month before it reaches a verdict.
Published 14 Jun, 2006 12:00am
Floods kill eight, displace 75,000 in India

Floods kill eight, displace 75,000 in India

Flash floods and mudslides triggered by heavy monsoon rains have killed eight people and displaced some 75,000 in Indias north-eastern states of Asom and Tripura, officials said Tuesday.
Published 14 Jun, 2006 12:00am
Bonds: credit tracks shares lower again in choppy trade

Bonds: credit tracks shares lower again in choppy trade

European bonds and credit default swaps mirrored gyrating stock markets on Tuesday, recovering from early falls as US shares opened firmly but then retracing their steps as equities across the Atlantic fell.
Published 14 Jun, 2006 12:00am
Bonds: credit tracks shares lower again in choppy trade

Bonds: credit tracks shares lower again in choppy trade

European bonds and credit default swaps mirrored gyrating stock markets on Tuesday, recovering from early falls as US shares opened firmly but then retracing their steps as equities across the Atlantic fell.
Published 14 Jun, 2006 12:00am
US Stocks: Tuesday's unofficial close

US Stocks: Tuesday's unofficial close

US stocks fell in volatile trading on Tuesday as inflation data added to concerns that the Federal Reserve would raise interest rates for the 17th consecutive time in June.
Published 14 Jun, 2006 12:00am
Seoul shares fall

Seoul shares fall

Seoul shares fell 2.9 percent on Tuesday to their lowest level in more than seven months as investors soured on the technology sector after flat panel maker LG.Philips LCD slashed its quarterly earnings forecasts. The benchmark Korea Composite Stock Price
Published 14 Jun, 2006 12:00am
FTSE scores lowest close since December; A&L slides

FTSE scores lowest close since December; A&L slides

Britain's FTSE 100 suffered its lowest finish since December on Tuesday in a world-wide equity sell-off as investors fretted over inflation and global interest rates and bid hopes faded for Alliance & Leicester.
Published 14 Jun, 2006 12:00am
India rupee ends lower

India rupee ends lower

The Indian rupee snapped a two-day rise to end beyond the psychologically key 46 per dollar mark on Tuesday as local stocks took a beating on growing risk aversion towards emerging markets by foreign investors. But central bank intervention helped cushion
Published 14 Jun, 2006 12:00am
Pound near three-week high versus euro

Pound near three-week high versus euro

Sterling matched a recent three-week high against the euro on Tuesday after data showed British inflation came in stronger than expected in May, fuelling talk of a Bank of England interest rate rise this year.
Published 14 Jun, 2006 12:00am
Dollar moves higher in London

Dollar moves higher in London

The dollar hit a one-month high against the euro and a six-week peak versus the yen on Tuesday as investors bought the US currency on growing expectations of a US rate hike this month. More Federal Reserve officials talked tough on fighting inflation this
Published 14 Jun, 2006 12:00am
Zambia targets 800,000 tonnes of copper in 3 years

Zambia targets 800,000 tonnes of copper in 3 years

Zambia's production of finished copper may reach a target of 800,000 tonnes well ahead of a 2008 government projection, boosted by high global prices and sustained investment, a cabinet minister said on Tuesday.
Published 14 Jun, 2006 12:00am
Two Shanghai copper futures to suspend trading

Two Shanghai copper futures to suspend trading

The Shanghai Futures Exchange will suspend trading in two of its copper futures contract months on Wednesday, after those months fell by their daily trading limit for three days running, the exchange said.
Published 14 Jun, 2006 12:00am
Oil falls over 2.5 percent as commodities drop

Oil falls over 2.5 percent as commodities drop

Oil fell more than 2.5 percent to below $69 a barrel Tuesday as risk-averse investors fled from commodity markets, spooked by fears that interest rates would rise to combat inflation.
Published 14 Jun, 2006 12:00am
Some Brazil states curb winter soya to end soya rust

Some Brazil states curb winter soya to end soya rust

Some major Brazilian soya states, such as Mato Grosso and Goias, restricted planting of winter irrigated soyabeans in a bid to stop the spread of Asian soya rust disease, agriculture officials said on Tuesday.
Published 14 Jun, 2006 12:00am
New York cotton futures end lower

New York cotton futures end lower

Cotton futures ended lower Tuesday on speculative sales and switch trade as players moved positions out of the spot contract before deliveries begin in less than two weeks, brokers said. The New York Board of Trade's July cotton contract fell 0.95 cent to
Published 14 Jun, 2006 12:00am
London sugar weakens

London sugar weakens

London sugar futures closed slightly lower on Tuesday, pressured by selling across commodities on worries over rising inflation and interest rates, and traders said cash buyers were cautious. Benchmark August settled down $2.40 at $443.40 per tonne after
Published 14 Jun, 2006 12:00am
Copper sharply down

Copper sharply down

Copper dropped seven percent at one stage on the London Metal Exchange (LME) as investors pulled out of markets vulnerable to any economic slowdown, traders said on Tuesday. However, traders said metals were overdue a correction.
Published 14 Jun, 2006 12:00am
Precious metals sink in Europe

Precious metals sink in Europe

Precious metals plummeted on Tuesday in a widespread commodities sell-off on a firm dollar and weak oil that sent gold, silver and palladium to hefty losses.
Published 14 Jun, 2006 12:00am
US MIDDAY: cocoa firmer

US MIDDAY: cocoa firmer

Nearby cocoa futures eked out modest gains Tuesday, underpinned by light industry buying in line with trade support in London, market sources said.
Published 14 Jun, 2006 12:00am
US MIDDAY: coffee extends losses

US MIDDAY: coffee extends losses

Arabica coffee futures sagged to a new nine-month low Tuesday on limited industry support and continued speculative selling as top coffee grower Brazil harvests a hearty crop, traders said.
Published 14 Jun, 2006 12:00am
US MIDDAY: sugar down

US MIDDAY: sugar down

Raw sugar prices closed at a five-month low Tuesday on speculative fund liquidation tied to players moving positions out of the spot month before the contract goes off the board at month's end, brokers said.
Published 14 Jun, 2006 12:00am
US MIDDAY: wheat mixed

US MIDDAY: wheat mixed

Soft red winter wheat futures on the Chicago Board of Trade were mixed in choppy midmorning trade on Tuesday, gaining ground against the Kansas City wheat market, traders said. Pressure from the advancing harvest and spillover weakness from corn, gold and
Published 14 Jun, 2006 12:00am
US MIDDAY: corn weakens

US MIDDAY: corn weakens

Corn futures at the Chicago Board of Trade were weaker early Tuesday on a mild setback from Monday's rally as some concerns eased about Midwest crop weather next week, traders said. Speculators hold a huge net long position in the CBOT corn market, making
Published 14 Jun, 2006 12:00am
US MIDDAY: copper plunges

US MIDDAY: copper plunges

COMEX copper futures opened down over 3 percent early on Tuesday, hitting a seven-week low, as a firmer dollar and concerns over slowing economic growth triggered a widespread sell-off in metals markets, sources said.
Published 14 Jun, 2006 12:00am
US MIDDAY: soyabeans turn range-bound

US MIDDAY: soyabeans turn range-bound

Soyabean futures at the Chicago Board of Trade turned range-bound by midmorning Tuesday, after setting back from Monday's rally and easing concerns about hot and dry weather forecasts for the Midwest, traders said.
Published 14 Jun, 2006 12:00am
US MIDDAY: gold plummets

US MIDDAY: gold plummets

Gold futures in New York sank almost 4 percent to trade well below $600 an ounce early Tuesday, pressured by aggressive selling due to a stronger dollar, soft oil prices and concerns over interest rate hikes.
Published 14 Jun, 2006 12:00am
Bangkok Fashion and Leather Fair

Bangkok Fashion and Leather Fair

The Export Promotion Bureau (EPB) has invited Pakistani exporters of traditional and non-traditional products to attend Bangkok International Fashion Fair & Bangkok International Leather Fair being held from September 27 to October 1 this year.
Published 14 Jun, 2006 12:00am
Saarc trade fair from June 16

Saarc trade fair from June 16

The Seventh Saarc Trade Fair organised by the Export Promotion Bureau of Pakistan (EPB) is scheduled to be held from June 16 to 18, 2006 at Karachi Expo Centre. Zafar Mehmood, Vice Chairman, EPB would inaugurate the event.
Published 14 Jun, 2006 12:00am
Railway track blown up

Railway track blown up

About 20ft railway track was blown up when a powerful explosive device planted by unidentified miscreants went off on Tuesday at 7.00 am between Kandhkot and Haibat Shaheed Tangwani stations of Jacobabad-Dera Ghazi Khan railway section in upper Sindh.
Published 14 Jun, 2006 12:00am
Pak-China bus service begins on June 15

Pak-China bus service begins on June 15

A regular bus service between Gilgit (Pakistan) and Kashgar, the historic city of China, would commence on Thursday, June 15. The buses for this route have been borrowed from the fleet of the Northern Areas Transport Corporation (Natco). Federal Minister
Published 14 Jun, 2006 12:00am
An evening with former drug users

An evening with former drug users

Nai Zindagi, an NGO working to prevent transmission of HIV and AIDS among street-based drug-users, has arranged an evening with ex-drug users and people living with HIV and AIDS at its rehabilitation and care center at Anza farms, Simly Dam Road near Isla
Published 14 Jun, 2006 12:00am
JKPL slams assault on Geelani

JKPL slams assault on Geelani

In occupied Kashmir, the Jammu and Kashmir People's League (JKPL) has condemned the assault on senior Hurriyat leader, Syed Ali Gilani by Shiv Sena activists in a hotel in Jammu city, reports Kashmir Media Service.
Published 14 Jun, 2006 12:00am
AJK electioneering

AJK electioneering

The Election Commission Azad Jammu and Kashmir has permitted party heads to use helicopters in the electioneering for July 11 's polls. According to a statement EC has permitted heads of the contesting political parties to hire helicopters privately for t
Published 14 Jun, 2006 12:00am
Forced marriage case: Supreme Court orders action against Okara DSP

Forced marriage case: Supreme Court orders action against Okara DSP

A three-member bench of the Supreme Court on Tuesday directed Inspector General of Police Punjab to initiate departmental inquiry and take action against deputy superintendent (Investigation) Okara for submitting wrong report before the Apex Court in Saki
Published 14 Jun, 2006 12:00am
Rs 2.6 billion trade done through Multan dryport in May

Rs 2.6 billion trade done through Multan dryport in May

Exports and imports worth Rs 2.6 billion were transacted through the Multan dryport during May. Multan Dryport Trusts General Manager Major Javed Musarrat Mirza (Retd) told newsmen on Tuesday that exports weighing 959 Tues, valuing Rs 1.4 billion and impo
Published 14 Jun, 2006 12:00am
Shop gutted

Shop gutted

A samosa (spicy pastry) shop on busiest Bank Road in the Cantonment was gutted here on Tuesday morning, when fire broke out due to short circuit of electricity wires.
Published 14 Jun, 2006 12:00am
Balakot declared red zone

Balakot declared red zone

Time seems to have stood still in Balakot, the once picturesque town that was flattened to the ground by the earthquake, which hit Northern Areas and Azad Kashmir on October 8 last year.
Published 14 Jun, 2006 12:00am
Geelani condemns Jammu blast

Geelani condemns Jammu blast

Chairman of Hurriyat Conference Syed Ali Shah Geelani has condemned the Jammu blast, which killed one person and injured more than two dozen people, some of them seriously, and said his organisation wanted restoration of peace in the state.
Published 14 Jun, 2006 12:00am
Memories fresh for witness of Hitler's last days

Memories fresh for witness of Hitler's last days

"There was a little working room, a living room, bedroom, toilet and shower and there was no more," said the last surviving witness to the final two weeks of Adolf Hitler's life, referring to the Nazi leader's underground quarters.
Published 14 Jun, 2006 12:00am
Extra market forces

Extra market forces

The Economic Survey of Pakistan - 2005-06 made available a day before the budget, blames squarely "extra market forces" for the unprecedented hike in the prices. Given the ground realities and facts, hardly any one in the country would buy such dim-witted
Published 14 Jun, 2006 12:00am
Tax on CFS income of mutual funds

Tax on CFS income of mutual funds

This is with reference to a news item published in Business Recorder on June 12, 2006 wherein the Mutual Funds have criticised the levy of tax on their CFS income on the grounds of tax neutrality and level playing field.
Published 14 Jun, 2006 12:00am
Allowing export of cooking oil to Afghanistan

Allowing export of cooking oil to Afghanistan

According to a Recorder Report from Islamabad, the Pakistan government has made up its mind to transfer cooking oil from the negative to positive list under the Afghan Transit Trade Agreement. There is a strong likelihood of its announcement at the end of
Published 14 Jun, 2006 12:00am
Consumption loans - a boon or a bane

Consumption loans - a boon or a bane

The World Bank has advised the Government to control liquidity in the banking system, as credit growth was witnessed in areas where banks were relatively inexperienced. According to its aide memoire, "the increased liquidity in the system has led to a rap
Published 14 Jun, 2006 12:00am
MMA workers convention on June 18

MMA workers convention on June 18

The Muttahida Majlis-i-Amal (MMA), Rawalpindi District Chapter, has convened its Workers Convention on June 18, here at Committee Chowk. MMA Information Secretary Malik Mohammad Azam said in a statement that Central Deputy Secretary Liaqat Baloch, Secreta
Published 14 Jun, 2006 12:00am
ARD seminar on June 17

ARD seminar on June 17

The ARD co-ordination committee is holding a seminar on the topic of 'charter of democracy and sovereignty of people' on June 17, here at the Lahore High Court. ARD chief Makhdoom Amin Fahim, Raja Zafarul Haq, Zafar Iqbal Jhaggra, Nawabzada Mansoor Ahmed
Published 14 Jun, 2006 12:00am
Badr hints at ratification of CoD by ARD parties

Badr hints at ratification of CoD by ARD parties

Central Secretary General of Pakistan Peoples Party Jehangir Badr has said the all the parties of ARD would ratify the Charter of Democracy (CoD) in its meeting on 2nd July in London. The heads of the ARD component parties would attend the meeting and wil
Published 14 Jun, 2006 12:00am
Talks on Wullar Barrage on Thursday

Talks on Wullar Barrage on Thursday

Talks between India and Pakistan on contentious Wullar Barrage would be held here on June 22. The Wullar Barrage is one of the eight issues being discussed under the Composite Dialogue process. The talks were earlier scheduled on April 18 and 19 but were
Published 14 Jun, 2006 12:00am
SCCI and Bangladesh agree on shifting of tea production technology

SCCI and Bangladesh agree on shifting of tea production technology

Sarhad Chamber of Commerce and Industry (SCCI) and Bangladesh High Commission in Pakistan have agreed to cooperate in transfer of tea production technology, bringing closer business communities and exchange of trade delegations between the two friendly co
Published 14 Jun, 2006 12:00am
WHO hands over 12 BHUs prefabricated structures to NWFP

WHO hands over 12 BHUs prefabricated structures to NWFP

The World Health Organisation (WHO) has officially handed over 12 pre-fabricated structures of Basic Health Units (BHUs) to the NWFP health department for the earthquake-affected districts of Mansehra and Battagram.
Published 14 Jun, 2006 12:00am
Canada pledges Rs 450 million grant for NWFP project

Canada pledges Rs 450 million grant for NWFP project

The Canadian government will provide Rs 450 million as grant for initiating a gigantic project in the province. In this connection successful talks between the Canadian government and NWFP Chief Secretary Ijaz Ahmad Qureshi were held in Canada.
Published 14 Jun, 2006 12:00am
ADB to give $5 million grant for rehabilitation

ADB to give $5 million grant for rehabilitation

The Asian Development Bank (ADB) on Tuesday signed a $5 million grant agreement with Pakistan for rebuilding livelihood and support poor households headed by women and disabled in areas devastated by the October 8 earthquake.
Published 14 Jun, 2006 12:00am
France satisfied with economic stability of Pakistan

France satisfied with economic stability of Pakistan

French Counsellor for the economics and commercial affairs Jean Philippe Quercy has said that his government was satisfied with the economic stability of Pakistan and wants to explore new avenues to further enhance trade and economic relations with Pakist
Published 14 Jun, 2006 12:00am
Power devolution plan implementation to cantonments demanded

Power devolution plan implementation to cantonments demanded

Pakistan Muslim League (PML) has demanded implementation of devolution of power plan to cantonments and Federal Capital (FC) asking the government to hold local body elections to resolve civic problems of the people living in 54 cantonments and the federa
Published 14 Jun, 2006 12:00am
Hotel industry in Swat on brink of collapse

Hotel industry in Swat on brink of collapse

The lack of infrastructure and negative propaganda has brought the hotel industry of scenic Valley Swat, into standstill position, inflicting heavy losses on the sector in the tourists attracting area, sources told Business Recorder on Tuesday.
Published 14 Jun, 2006 12:00am
Need to root out poppy production in Kabul emphasised

Need to root out poppy production in Kabul emphasised

Pakistan is a poppy-free country, but Afghanistan is the main problem as it is producing heroin and feeding Pakistan and other countries, said Anwar Rafiq, Additional Secretary, Ministry of Narcotics Control, here on Tuesday.
Published 14 Jun, 2006 12:00am
'No relief to common man in budget'

'No relief to common man in budget'

A former state minister for industries, Muhammad Unis Elahi, has said that the federal budget 2006-07 is an average budget which offers no relief to the common man, especially with reference to reduction in prices of daily use items.
Published 14 Jun, 2006 12:00am
Sindh government functioning smoothly: Shaukat

Sindh government functioning smoothly: Shaukat

Prime Minister Shaukat Aziz on Tuesday said the Sindh government is functioning smoothly and the coalition partners have been able to forge even closer unity in their ranks.
Published 14 Jun, 2006 12:00am
Iesco defaulters warned

Iesco defaulters warned

The Islamabad Electric Supply Company (Iesco) has warned that it would disconnect power supply of all defaulters, including government and semi-government departments and autonomous bodies, from June 21.
Published 14 Jun, 2006 12:00am
'No curfew imposed in Bara'

'No curfew imposed in Bara'

Fata Secretariat on Tuesday said neither curfew had been clamped on Bara Tehsil of Khyber Agency nor tribesmen were demanding withdrawal of forces from the area, says a press release of the Secretariat.
Published 14 Jun, 2006 12:00am
Dutch firm to invest Rs 400 million in LPG sector

Dutch firm to invest Rs 400 million in LPG sector

The SHV Energy, a Dutch company will invest Rs 400 million to increase its Liquefied Petroleum Gas (LPG) storage capacity to 1,450 tonnes to bridge the demand-supply gap.
Published 14 Jun, 2006 12:00am
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