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Print - 2006-07-14
Dutch court freezes Rosneft assets on YUKOS claim

Dutch court freezes Rosneft assets on YUKOS claim

A Dutch court has frozen $9 million of assets belonging to Rosneft following an appeal by a group of US investors who are suing the Russian oil company, a lawyer for the investors said on Thursday.
Published 14 Jul, 2006 12:00am
US chopper crashes

US chopper crashes

A US Apache helicopter crashed in a dangerous area Southwest of Baghdad on Thursday but its two pilots survived. The cause of the incident is unknown, the US military said in a statement. The helicopter was conducting a combat air patrol. The two pilots w
Published 14 Jul, 2006 12:00am
Iraq takes over province, clashes in Baghdad

Iraq takes over province, clashes in Baghdad

Iraq took full control of a province from foreign troops for the first time since the 2003 US-led invasion on Thursday, but clashes in Baghdad underlined the security challenges facing the new government.
Published 14 Jul, 2006 12:00am
Blair under pressure as financing probe edges closer

Blair under pressure as financing probe edges closer

A dramatic inquiry into the financing of Britain's main political parties closed in on Prime Minister Tony Blair Thursday as a key ally was questioned by police for a second day.
Published 14 Jul, 2006 12:00am
France and Russia warn Israel of escalation of conflict

France and Russia warn Israel of escalation of conflict

Paris and Moscow on Thursday sharply condemned Israel's strikes in Lebanon as a dangerous escalation of the Middle East conflict but Washington, while urging restraint, said Israel had the right to self defence.
Published 14 Jul, 2006 12:00am
Arab states to meet in Cairo on Middle East

Arab states to meet in Cairo on Middle East

Arab governments agreed to send their foreign ministers to Cairo for an emergency meeting on Saturday to discuss Israeli attacks on Lebanon and the Palestinian territories, the Arab League said on Thursday.
Published 14 Jul, 2006 12:00am
Japan pledges $30 million in aid to Abbas

Japan pledges $30 million in aid to Abbas

Japanese Prime Minister Junichiro Koizumi pledge nearly $30 million in aid to President Mahmoud Abbas on Thursday to help keep basic Palestinian services functioning. Israel and Western countries cut aid to the Hamas-led Palestinian government after the I
Published 14 Jul, 2006 12:00am
Bush defends Israel actions, Russia condemns attacks

Bush defends Israel actions, Russia condemns attacks

Russia and France condemned Israel's strikes in Lebanon on Thursday as a dangerous escalation of the Middle East conflict but the United States said Israel had the right to defend itself.
Published 14 Jul, 2006 12:00am
Gaza humanitarian situation precarious: ICRC

Gaza humanitarian situation precarious: ICRC

Israel must ensure the basic needs of the Palestinian population in Gaza are met throughout the current crisis there, the International Committee of the Red Cross (ICRC) said on Thursday.
Published 14 Jul, 2006 12:00am
Sri Lankan rebels accuse troops of killing four

Sri Lankan rebels accuse troops of killing four

Sri Lanka's Tamil Tigers Thursday said government troops had penetrated deep within their territory and killed four rebel fighters. The incident occurred in a rebel-held region in the north-eastern Trincomalee district, about 215 kilometers (135 miles) fr
Published 14 Jul, 2006 12:00am
North warns South after inter-Korean talks collapse

North warns South after inter-Korean talks collapse

North Korea warned Thursday of "disastrous" consequences for inter-Korean ties as it blamed the South for the collapse of high-level talks amid a stalemate over recent missile tests.
Published 14 Jul, 2006 12:00am
Indian rupee at two-week low

Indian rupee at two-week low

The Indian rupee fell to a fresh two-week low on Thursday due to the dollar's strength against major currencies, and demand for the US unit from oil companies facing soaring crude prices, traders said. Foreign fund outflows also pulled down the local curr
Published 14 Jul, 2006 12:00am
Sterling hits two-week high versus euro

Sterling hits two-week high versus euro

Sterling hit a two-week high against the euro and rose sharply against the dollar on Thursday, benefiting from order-related trade and as the US currency lost ground on geopolitical concerns.
Published 14 Jul, 2006 12:00am
Dollar hurt versus Swiss franc, yen supported

Dollar hurt versus Swiss franc, yen supported

The dollar fell against the Swiss franc on Thursday as record high oil prices and geopolitical tensions prompted safe-haven currency flows, while the yen was firm on expectations of a Japanese interest rate rise this week.
Published 14 Jul, 2006 12:00am
Sliding stocks weigh on credit indexes

Sliding stocks weigh on credit indexes

European credit indexes tracked losses in European stocks on Thursday, rattled by record high oil prices amid tensions in the Middle East and Asia and concerns over corporate earnings.
Published 14 Jul, 2006 12:00am
Sliding stocks weigh on credit indexes

Sliding stocks weigh on credit indexes

European credit indexes tracked losses in European stocks on Thursday, rattled by record high oil prices amid tensions in the Middle East and Asia and concerns over corporate earnings.
Published 14 Jul, 2006 12:00am
US Stocks: Thursday's unofficial close

US Stocks: Thursday's unofficial close

US blue chips fell nearly 1 percent on Thursday after a rocket hit the Israeli city of Haifa. Stocks added to losses caused by a record oil price that stoked fears of inflation and slower profit growth.
Published 14 Jul, 2006 12:00am
FTSE scores biggest loss in a month on oil fears

FTSE scores biggest loss in a month on oil fears

Britain's FTSE 100 index closed down 1.6 percent on Thursday, its biggest loss in a month as growing tension in the Middle East pushed oil prices higher and miners slumped on commodity price declines.
Published 14 Jul, 2006 12:00am
Russia wheat output forecast unchanged

Russia wheat output forecast unchanged

SovEcon's latest forecast for Russia's total 2006 wheat output remains virtually unchanged in a range of 39.5-41.5 million tonnes, compared with 47.7 million in 2005.
Published 14 Jul, 2006 12:00am
Canadian farm minister to discuss dual grain market

Canadian farm minister to discuss dual grain market

Canada's agriculture minister said on Thursday he will meet grain industry representatives who want to opt out of the Canadian Wheat Board's near monopoly on marketing Western Canadian wheat and barley.
Published 14 Jul, 2006 12:00am
Turkish wheat prices high

Turkish wheat prices high

Turkish wheat prices stayed above the price offered by the state grain office due to strong demand from buyers as the wheat harvest has started in all regions of Turkey, traders said on Thursday.
Published 14 Jul, 2006 12:00am
London sugar ends higher

London sugar ends higher

London white sugar futures closed higher on Thursday, underpinned by tensions in the Middle East and strong oil prices, traders said. Benchmark August settled up $3.30 at $486.10 per tonne while October finished $4.10 higher at $476.90. Total volume was 8
Published 14 Jul, 2006 12:00am
Nickel ends up on LME, looking strong

Nickel ends up on LME, looking strong

Nickel closed higher on the London Metal Exchange (LME) on Thursday and its outlook was strong in quiet market conditions, analysts said. "I think at the moment many players prefer to sit on the sideline and see what happens, but certainly many believe th
Published 14 Jul, 2006 12:00am
Oil hits record over $77

Oil hits record over $77

Oil surged more than 2 percent to a record high near $77 a barrel on Thursday on renewed worries over supply from major exporter Nigeria and as conflict between Israel and Lebanon heightened international tensions.
Published 14 Jul, 2006 12:00am
Oil hits record over $77

Oil hits record over $77

Oil surged more than 2 percent to a record high near $77 a barrel on Thursday on renewed worries over supply from major exporter Nigeria and as conflict between Israel and Lebanon heightened international tensions.
Published 14 Jul, 2006 12:00am
Oil hits record over $77

Oil hits record over $77

Oil surged more than 2 percent to a record high near $77 a barrel on Thursday on renewed worries over supply from major exporter Nigeria and as conflict between Israel and Lebanon heightened international tensions.
Published 14 Jul, 2006 12:00am
Venezuelan gasoline exports seen erratic

Venezuelan gasoline exports seen erratic

Venezuela's Amuay and Cardon refineries, which make up the giant 940,000 barrel per day (bpd) Paraguana refinery, suffered accidents that left a total of five injured, official sources and traders said on Thursday.
Published 14 Jul, 2006 12:00am
NYMEX natural gas ends up 6 percent on crude

NYMEX natural gas ends up 6 percent on crude

NYMEX natural gas futures, shrugging off a bearish weekly inventory report, ended sharply higher on Thursday, backed by a record run up in crude and hot weather over much of the nation this week that kicked up demand, traders said.
Published 14 Jul, 2006 12:00am
Japan buys 80,000 tonnes of wheat at tender

Japan buys 80,000 tonnes of wheat at tender

Japan's Agriculture Ministry has purchased 80,000 tonnes of wheat from the United States and Canada at a weekly tender, a ministry official said on Thursday. No barley was purchased this week, he said. Shipment is for September.
Published 14 Jul, 2006 12:00am
Suedzucker beats expectations for first quarter, ups forecast

Suedzucker beats expectations for first quarter, ups forecast

Suedzucker, Europe's largest sugar company, beat analysts' expectations in the first quarter and increased its full year sales forecast, lifting its shares more than 2 percent on Thursday. Suedzucker said on Thursday it now sees sales for the fiscal year
Published 14 Jul, 2006 12:00am
Suedzucker beats expectations for first quarter, ups forecast

Suedzucker beats expectations for first quarter, ups forecast

Suedzucker, Europe's largest sugar company, beat analysts' expectations in the first quarter and increased its full year sales forecast, lifting its shares more than 2 percent on Thursday. Suedzucker said on Thursday it now sees sales for the fiscal year
Published 14 Jul, 2006 12:00am
Whiff of demand lures Indian sugar firms to ethanol

Whiff of demand lures Indian sugar firms to ethanol

Indian sugar companies, dependent for years on sweets and softeners, are eagerly awaiting a whole new segment - cane based fuel ethanol- to put an end to their fluctuating fortunes.
Published 14 Jul, 2006 12:00am
Gold rallies above $650 on geopolitical tensions

Gold rallies above $650 on geopolitical tensions

Gold extended gains above $650 an ounce on Thursday afternoon, getting within sight of Wednesday's six-week peak, as investors flocked to the hard asset amid escalating geopolitical tensions this week.
Published 14 Jul, 2006 12:00am
Training course for statisticians from August 1

Training course for statisticians from August 1

A two-week training course on an important statistical methodology "Input output tables" will begin here from August 1. The course is being organised by Training Wing of Statistics Division for the capacity building of statisticians in GDP measurement tec
Published 14 Jul, 2006 12:00am
Pakistan's envoy calls on governor of Ankara

Pakistan's envoy calls on governor of Ankara

Pakistan Ambassador to Turkey, Syed Iftikhar Hussain Shah called on Kemal ONAL, Governor (Vali) of Ankara and discussed with him matters of bilateral interest and mutual co-operation.
Published 14 Jul, 2006 12:00am
Problems at Post Office

Problems at Post Office

PMG (Sindh) Muhammad Ahmed Mian in his press clarification of 28-06-2006 has vindicated the smooth functioning of post offices in his circle and disagreed with the prevailing mismanagement. It shows his unawareness of some factors, as the ground reality d
Published 14 Jul, 2006 12:00am
Allied Bank affectees

Allied Bank affectees

After the verdict of the Supreme Court based on deep probe and honest devotion of duties made impartially in the national interest, the picture of conspiracy became clear in the case of Steel Mills.
Published 14 Jul, 2006 12:00am
Iraqis turning to humour despite rising violence

Iraqis turning to humour despite rising violence

A mother goes to Iraq's Abu Ghraib prison, made notorious by graphic pictures of prisoner abuse at the hands of US jailers, and picks up her son who at long last has been released. "Did you recognise me Mom?" asks her son when she finally sees him. "I was
Published 14 Jul, 2006 12:00am
Russian steel giant enters the modern age

Russian steel giant enters the modern age

Communist production quotas, financial meltdown and the rise of the Russian oligarch -- Mikhail Tretyakov has seen it all. His 50 years of service at the giant steelworks in Nizhny Tagil in the Ural mountains span the post-Soviet turmoil that dragged an i
Published 14 Jul, 2006 12:00am
Poverty reduction: need for reassessment

Poverty reduction: need for reassessment

With the release of the Economic Survey on the 4th June, 2006 the most important topic being discussed in the press is the government's claim that the poverty has come down from 34.46 percent in FY-01 to 23.9 percent in FY-05.
Published 14 Jul, 2006 12:00am
Certification Authority for electrical goods

Certification Authority for electrical goods

The Engineering Development Board's decision to establish a Certification Authority to maximise standardisation of Pakistan's electrical goods, though rather belated, is a move in the right direction that will allow Pakistani exporters to make significant
Published 14 Jul, 2006 12:00am
Trade with India

Trade with India

There is no shortage of people in Pakistan that favour an open trading system with India. Their case would undoubtedly be strengthened by a research document (entitled "Implications of liberalising trade and investment with India") released recently by th
Published 14 Jul, 2006 12:00am
Qul of Justice Nawaz Bhatti held

Qul of Justice Nawaz Bhatti held

Qul of Justice Muhammad Nawaz Bhatti, who was killed in PIA plane air crash, was held here on Wednesday. Among others, Governor Punjab, Lieutenant General (Retd) Khalid Maqbool, Chief Justice Lahore High Court, Justice Iftikhar Hussain Chaudhry.
Published 14 Jul, 2006 12:00am
Police ordered to take on jirga-holders

Police ordered to take on jirga-holders

Taking a stern note of news items about holding of illegal jirgas in various parts of the province, Sindh Home Minister Abdul Rauf Siddiqui on Thursday ordered the IGP Sindh, in writing, to take immediate action against those convening jirgas.
Published 14 Jul, 2006 12:00am
Naval chief embarks on UK and Bahrain tours

Naval chief embarks on UK and Bahrain tours

Chief of the Naval Staff Admiral Muhammad Afzal Tahir departed on official visit to UK and Bahrain, a Navy statement said on Thursday. The Admiral was seen off at Islamabad International Airport by Vice Chief of Naval Staff, Vice Admiral Muhammad Haroon,
Published 14 Jul, 2006 12:00am
Kasuri denies linking Mumbai blasts with IoK solution

Kasuri denies linking Mumbai blasts with IoK solution

Foreign Minister Khurshid Mehmood Kasuri has denied a report published in a section of press linking Mumbai blasts with Kashmir solution. In an interview with BBC he described the reports attributed to him as concocted and far from truth. He said that he
Published 14 Jul, 2006 12:00am
Kasuri warns India against 'knee-jerk' allegations

Kasuri warns India against 'knee-jerk' allegations

Foreign Minister Khurshid Kasuri warned against "knee-jerk" reactions saddling his country with blame for bomb blasts which killed more than 200 people in Mumbai. In an interview with CNN broadcast on Wednesday, Kasuri said India should be careful about a
Published 14 Jul, 2006 12:00am
Asif Kamal and associates take control of TLIBL

Asif Kamal and associates take control of TLIBL

Asif Kamal of Newage Group and his associates have acquired controlling shares in Trust Leasing and Investment Bank Limited (TLIBL). Consequently they have taken over management control of TLIBL with effect from July 11, 2006, after completing all the nec
Published 14 Jul, 2006 12:00am
Micro-mini hydel projects for remote areas proposed

Micro-mini hydel projects for remote areas proposed

Workshop on 'micro-mini hydel projects attractive for investment' on Thursday recommended formulation of a coherent policy for the promotion of micro-mini hydel projects to provide energy to the remote areas of the country.
Published 14 Jul, 2006 12:00am
SHC seeks whereabouts of SNF leader

SHC seeks whereabouts of SNF leader

The Sindh High Court on Thursday issued pre-admission notices to Sindh advocate general, deputy attorney general and others for July 19, 2006, on a petition against the illegal detention of Sindh Nationalists Forum President by law enforcement agencies.
Published 14 Jul, 2006 12:00am
Bar Council grieved

Bar Council grieved

Punjab Bar Council (PBC) while expressing deep sorrow over the loss of precious lives including two judges of LHC and a law officer in a plane air crash at Multan, has called upon the government to ground all the Fokker's.
Published 14 Jul, 2006 12:00am
Plane crash condoled: PML-N pays tributes to Qasmi

Plane crash condoled: PML-N pays tributes to Qasmi

Pakistan Muslim League (PML-N) Punjab President Sardar Zulfiqar Ali Khosa has said that Ahmad Nedeem Qasmi was a big name in the literary circle and the country has suffered a huge loss with his demise.
Published 14 Jul, 2006 12:00am
Seminar on dry ports on July 20

Seminar on dry ports on July 20

Collector Customs Lahore, Muhammad Zahir-ud-Din, inaugurated the first registration desk of an upcoming seminar titled 'Dry Ports of Tomorrow' here at Mughalpura Dry Port on Thursday.
Published 14 Jul, 2006 12:00am
KBCA demolishes illegal constructions

KBCA demolishes illegal constructions

On the directive of Chief Controller of Buildings, the teams of Karachi Building Control Authority demolished illegal constructions in different city areas. In Saddar Town, a KBCA team pulled down illegal columns of first floor on Plot No 5/77-78, Market
Published 14 Jul, 2006 12:00am
CFAAP wins society award for innovation

CFAAP wins society award for innovation

At the recently held CFA Institute Society Leaders meeting in Zurich, CFAAP won the society award for Innovation. The conference was attended by 132 out of 133 member societies of CFA Institute.
Published 14 Jul, 2006 12:00am
PIE asked to facilitate process of industrialisation

PIE asked to facilitate process of industrialisation

Punjab Chief Minister Chaudhry Pervaiz Elahi has directed Punjab Industrial Estates (PIE) to facilitate the industrialisation process at Sunder Industrial Estate (SIE) and other industrial estates by providing all utilities specially electricity at minimu
Published 14 Jul, 2006 12:00am
Sessi to spend Rs 676.7 million on health facilities

Sessi to spend Rs 676.7 million on health facilities

Sindh Employees Social Security Institution (Sessi) would spend Rs 676.7 million for providing better health facilities to workers, said Sessi Commissioner Rasool Bux Phulpoto. He stated this during a meeting with officials and doctors of Sessi to review
Published 14 Jul, 2006 12:00am
PTDC participates in Beijing fair

PTDC participates in Beijing fair

Pakistan Tourism Development Corporation (PTDC) in close collaboration with PIA, 5 private sector tour operators, hoteliers and the Embassy of Pakistan participated in Beijing International Tourism Exhibition (BITE) held in China from June 22-24.
Published 14 Jul, 2006 12:00am
WAF march against Hudood Ordinance on July 20

WAF march against Hudood Ordinance on July 20

The Women's Action Forum will hold a protest march in Islamabad on July 20, to press the government to repeal Hudood Ordinance, being devoid of justice against the women and minorities.
Published 14 Jul, 2006 12:00am
Pakistan to attend women conference in Tehran

Pakistan to attend women conference in Tehran

Fifty scholars from 25 countries, including Pakistan will participate in international conference on 'Women's Rights and Responsibilities in Islamic System' slated for July 15 and 16 in Tehran.
Published 14 Jul, 2006 12:00am
IIUI holds roundtable on Islamic education

IIUI holds roundtable on Islamic education

The International Islamic University Islamabad is holding a two-day Roundtable on Islamic Education, Continuity and Growth beginning on Friday in the New Campus of the University at Sector H-10, Islamabad.
Published 14 Jul, 2006 12:00am
Drive for new voter lists begins today

Drive for new voter lists begins today

Door to door enumeration for the preparation of new error-free electoral rolls will start on Friday, Chief Election Commissioner Justice Qazi Muhammad Farooq (Retd) said on Thursday. Speaking at a news conference in Islamabad he said that distribution of
Published 14 Jul, 2006 12:00am
Unicef campaign

Unicef campaign

The Federal Ministry of Health and the United Nations Children's Fund (Unicef) will jointly launch a national campaign 'Unite for Children, unite against AIDS' on Friday.
Published 14 Jul, 2006 12:00am
CPNE meeting on July 19

CPNE meeting on July 19

Council of Pakistan Newspaper Editors Secretary General, Muhammad Aslam Kazi on Thursday said a meeting of the CPNE Standing Committee is being held on July 19, 2006 in Peshawar to discuss Government-Press relations, harassment, violence and killing of jo
Published 14 Jul, 2006 12:00am
Foreign artists to perform in PTV show

Foreign artists to perform in PTV show

Foreign artists will also perform in the PTV national award-giving ceremony to be held at the PAF Memoriam in Karachi on Saturday, July 15. The PTV officials have finalised all arrangements for holding the grand show.
Published 14 Jul, 2006 12:00am
Concern over misuse of NICs by cell phone operators

Concern over misuse of NICs by cell phone operators

The Network for Consumer Protection has expressed grave concern over the misuse of national identity cards by cell phone service providers. Referring to a complaint, submitted to The Network's Consumer Complaint Cell by a resident of Islamabad contending
Published 14 Jul, 2006 12:00am
Senate body approves amendments in rules of procedure

Senate body approves amendments in rules of procedure

The Senate Committee on Rules of Procedure and Privileges met in the Parliament House here under the Chairmanship of Senator Syed Tahir Hussain Mashhadi to consider the proposed amendments in the Rules of Procedure and Conduct of Business in the Senate, 1
Published 14 Jul, 2006 12:00am
Extra-judicial killing: Supreme Court summons Sindh IGP

Extra-judicial killing: Supreme Court summons Sindh IGP

The Chief Justice of Pakistan, Justice Iftikhar Muhammad Chaudhry, on Thursday took suo motu notice into a blatant act of extra-judicial killing by the police and issued notice to the Sindh Inspector General Police, directing him to appear in person and s
Published 14 Jul, 2006 12:00am
Five die as passenger van hits electric poll

Five die as passenger van hits electric poll

Five passengers killed and 11 injured when a commuter van struck with a electric poll, going out of control by the driver while overtaking another vehicle at Shabqadder outskirt of Charsadda.
Published 14 Jul, 2006 12:00am
'Bilateral treaty to ensure more US investment in Pakistan'

'Bilateral treaty to ensure more US investment in Pakistan'

Economic and Commercial Officer of US Embassy to Pakistan, Megan Selmon said that adequate efforts were being made for to further accelerate pace of trade activities with Pakistan. Pakistan is an important country of the region and playing an instrumental
Published 14 Jul, 2006 12:00am
LHC approached against MQM, regional parties

LHC approached against MQM, regional parties

The Lahore High Court (LHC) has issued notices in a petition filed by Chairman Punjab Labour Alliance Qazi Ahmed Hassan Khokhar praying to the court to declare MQM and other regional parties as anti-state parties.
Published 14 Jul, 2006 12:00am
Felicitation

Felicitation

LCCI president Mian Shafqat Ali, senior vice-president Abdul Basit and vice-president Aftab Ahmad Vohra have congratulated newly elected office-bearers of Pakistan Traders and Industrial Associations Front (Piaf).
Published 14 Jul, 2006 12:00am
1.8 million people to get jobs under self-employment project: Durrani

1.8 million people to get jobs under self-employment project: Durrani

Federal Information Minister Mohammad Ali Durrani has said that the government is going to launch a mega 'self-employment project' under which 1.8 million people would get jobs in next five years while 400,000 people would be provided jobs in next financi
Published 14 Jul, 2006 12:00am
Israeli attack on Beirut airport condemned

Israeli attack on Beirut airport condemned

Pakistan on Thursday strongly condemned the Israeli bombardment of Beirut airport describing the attack as a "dangerous escalation." "The Government of Pakistan strongly condemns the Israeli attack on Beirut airport resulting in loss of many innocent live
Published 14 Jul, 2006 12:00am
The Weather

The Weather

The weather report on Thursday (July 13, 2006) and the forecast for Friday (July 14, 2006).
Published 14 Jul, 2006 12:00am
Duty waiver on fingerprint capturing devices

Duty waiver on fingerprint capturing devices

Fingerprint capturing devices could now be imported on payment of zero percent sales tax, says a CBR clarification issued to the National Database and Registration Authority (Nadra).
Published 14 Jul, 2006 12:00am
New York cotton

New York cotton

Thursday's closing prices of New York cotton in US cents/lb.

Published 14 Jul, 2006 12:00am
Duty waiver on fingerprint capturing devices

Duty waiver on fingerprint capturing devices

Fingerprint capturing devices could now be imported on payment of zero percent sales tax, says a CBR clarification issued to the National Database and Registration Authority (Nadra).
Published 14 Jul, 2006 12:00am
New York cotton

New York cotton

Thursday's closing prices of New York cotton in US cents/lb.

Published 14 Jul, 2006 12:00am
Minfal wants farm machinery added to positive list with India

Minfal wants farm machinery added to positive list with India

The Ministry of Food, Agriculture and Livestock (Minfal) has proposed inclusion of farm machinery and equipment in the positive list with India in the trade policy, it is learnt. Official sources told Business Recorder on Thursday that Ministry of
Published 14 Jul, 2006 12:00am
Key stock and currency market movements

Key stock and currency market movements

The latest close of key indices on major world stock exchanges and the London closing values of the euro, the Japanese yen, the British pound and gold bullion (previous day's closes in brackets).

Published 14 Jul, 2006 12:00am
Rs 5.1 billion Madaris reforms project in limbo

Rs 5.1 billion Madaris reforms project in limbo

A Rs 5.1 billion Madaris Reforms Project is in limbo as seminaries have refused to provide the data regarding utilisation of funds the centre had given them for introducing reforms. The federal government has categorically refused to release further funds
Published 14 Jul, 2006 12:00am
Rain plays havoc with Rawalpindi residents

Rain plays havoc with Rawalpindi residents

Overnight torrential rain played havoc with residents of Rawalpindi as the rainwater submerged all low-lying areas of the city and markets. Heavy rain at about 12:30 midnight between Wednesday and Thursday caused panic among people living on both sides of
Published 14 Jul, 2006 12:00am
Non-bailable arrest warrants of sub-inspectors issued

Non-bailable arrest warrants of sub-inspectors issued

The Lahore High Court (LHC) has issued non-bailable arrest warrants of two sub-inspectors Muhammad Saddique and Muhammad Riaz when deputy inspector general of Gujranwala police informed the court that the respondents are not traceable.
Published 14 Jul, 2006 12:00am
Government asked to adopt pragmatic measures to save Lahore Canal

Government asked to adopt pragmatic measures to save Lahore Canal

Eco-Watch, an NGO working for the elimination of water pollution, has asked the government to adopt pragmatic measures to save the Lahore Canal, which has been converted into a sewerage drain due to emission of polluted water from housing societies and in
Published 14 Jul, 2006 12:00am
Attiq vows to form stable government in AJK

Attiq vows to form stable government in AJK

AJK Muslim Conference President, Sardar Attiq Ahmed has vowed to form a stable government in the AJK. In an interview, he thanked the Kashmiri electorates for reposing confidence in MC and giving it clear majority in the House.
Published 14 Jul, 2006 12:00am
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