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Print - 2006-08-06
Comex copper ends strong

Comex copper ends strong

Copper futures in New York held onto three-week gains into the close on Friday as players bought at the dips, after a day rout, in anticipation of a possible strike at Chile's Escondida copper mine, the world's largest, traders said.
Published 06 Aug, 2006 12:00am
New York gold reverses course to end lower on fund sales

New York gold reverses course to end lower on fund sales

Gold futures in New York pared hefty gains and settled slightly lower on Friday, battered late by pre-weekend speculative selling, despite a softer dollar after a weaker-than-expected US jobs report.
Published 06 Aug, 2006 12:00am
Soya ends firm on crop worries

Soya ends firm on crop worries

The Chicago Board of Trade soyabean market closed slightly firmer on Friday but off its highs made on concerns that the US soyabean crop will be stressed next week as hot, dry weather returns to the Midwest, traders said.
Published 06 Aug, 2006 12:00am
Oil prices rebound, coffee spikes in world markets

Oil prices rebound, coffee spikes in world markets

Oil and metals prices posted strong gains this week as traders tracked tensions from the Middle East to Chile, while coffee futures reached their highest peak for more than six years in London on supply concerns.
Published 06 Aug, 2006 12:00am
American credit market outlook

American credit market outlook

Recent succession events in credit default swaps, where some of the contracts migrate to new entities, have raised some fears about how many more contracts are susceptible.
Published 06 Aug, 2006 12:00am
American credit market outlook

American credit market outlook

Recent succession events in credit default swaps, where some of the contracts migrate to new entities, have raised some fears about how many more contracts are susceptible.
Published 06 Aug, 2006 12:00am
Mexican stocks end higher

Mexican stocks end higher

The Mexican stocks closed moderately higher on Friday after a new batch of softer-than-expected US jobs data eased concerns over another hike in US interest rates next week. Higher US rates tend to draw money out of emerging market countries such as Mexic
Published 06 Aug, 2006 12:00am
Toronto stocks finish with slight gains

Toronto stocks finish with slight gains

Toronto stocks ended flat on Friday, as profit-taking erased early gains that briefly pushed the Toronto Stock Exchange's main index above the 12,000 point level. The S&P/TSX composite index closed up just 0.02 of a point at 11,936.68.
Published 06 Aug, 2006 12:00am
European Stocks: focus on Fed, financials and fliers

European Stocks: focus on Fed, financials and fliers

The US central bank's rate decision and any signs of an end to its monetary tightening campaign top the agenda for investors next week, with focus also on a financial, aviation and telecoms sector earnings.
Published 06 Aug, 2006 12:00am
Investment bank IPOs try to shake recent results

Investment bank IPOs try to shake recent results

Boutique investment bank Evercore Partners faces tough odds as it prepares for an initial public offering Thursday amid market turbulence that has already forced another investment bank to withdraw IPO plans. "I think the well has been poisoned to a certa
Published 06 Aug, 2006 12:00am
Investment bank IPOs try to shake recent results

Investment bank IPOs try to shake recent results

Boutique investment bank Evercore Partners faces tough odds as it prepares for an initial public offering Thursday amid market turbulence that has already forced another investment bank to withdraw IPO plans. "I think the well has been poisoned to a certa
Published 06 Aug, 2006 12:00am
Argentine stocks sag

Argentine stocks sag

Argentine stocks closed lower on Friday as investors pocketed profits in heavyweight Tenaris a day after the company reported better-than-expected second-quarter earnings.
Published 06 Aug, 2006 12:00am
Brazilian stocks up

Brazilian stocks up

Brazilian stocks rose on Friday after unexpectedly soft US jobs data eased concerns of a Federal Reserve interest rate hike next week. The benchmark Bovespa stock index gave up almost half of its early gains, but still finished a healthy 1.1 percent highe
Published 06 Aug, 2006 12:00am
US Treasuries fly on view tame jobs equal Fed pause

US Treasuries fly on view tame jobs equal Fed pause

US Treasury debt prices surged on Friday, sending yields to four-month lows, after a weaker-than-expected July jobs report bolstered expectations the Federal Reserve will not raise interest rates next week. "No question of a pause now," said Andy Brenner,
Published 06 Aug, 2006 12:00am
US Treasuries fly on view tame jobs equal Fed pause

US Treasuries fly on view tame jobs equal Fed pause

US Treasury debt prices surged on Friday, sending yields to four-month lows, after a weaker-than-expected July jobs report bolstered expectations the Federal Reserve will not raise interest rates next week. "No question of a pause now," said Andy Brenner,
Published 06 Aug, 2006 12:00am
Canadian bonds rally

Canadian bonds rally

The Canadian bond prices rose modestly on the jobs data on Friday, sharply underperforming US treasuries, which surged on expectations of a rate pause next week. The US outperformance meant that US-Canada yield spreads declined moderately.
Published 06 Aug, 2006 12:00am
Canadian bonds rally

Canadian bonds rally

The Canadian bond prices rose modestly on the jobs data on Friday, sharply underperforming US treasuries, which surged on expectations of a rate pause next week. The US outperformance meant that US-Canada yield spreads declined moderately.
Published 06 Aug, 2006 12:00am
Chilean stocks surge

Chilean stocks surge

Chile stocks made moderate gains on Friday, pushed by an initial surge in global markets as investors bet on solid quarterly results. The blue chip IPSA index rose 0.52 percent to 2,147.41 points, while the all-market IGPA edged up 0.06 percent to 9,952.2
Published 06 Aug, 2006 12:00am
US stocks fall on slowdown fears

US stocks fall on slowdown fears

US stocks fell slightly on Friday in a volatile session as concerns about slowing growth offset optimism that the Federal Reserve will pause its rate-increase cycle at its meeting next week.
Published 06 Aug, 2006 12:00am
Deutsche Telekom's T-Systems unit plans acquisitions

Deutsche Telekom's T-Systems unit plans acquisitions

T-Systems, the corporate business arm of Deutsche Telekom, plans to build its international business by a mixture of acquisitions and internal growth, the unit's head was quoted as saying in a newspaper.
Published 06 Aug, 2006 12:00am
Brazil unhappy over cotton subsidies cut by US

Brazil unhappy over cotton subsidies cut by US

The Brazilian government said on Friday it welcomed a US move to cut cotton subsidies this week but that the move was insufficient to comply with a World Trade Organisation ruling.
Published 06 Aug, 2006 12:00am
Disney to make Webcasts of shows permanent in Fall

Disney to make Webcasts of shows permanent in Fall

The Walt Disney Co is making ad-supported Webcasts of its ABC prime-time TV shows permanently available this fall, following a successful two-month test that drew a younger, more educated audience, a Disney official said on Friday.
Published 06 Aug, 2006 12:00am
Yuan appreciation not certain

Yuan appreciation not certain

China's economy faces considerable uncertainty so appreciation of the yuan is not inevitable, the official Shanghai Securities News quoted a deputy governor of the central bank as saying.
Published 06 Aug, 2006 12:00am
Dell looking beyond low prices to grow

Dell looking beyond low prices to grow

How much lower can Dell go to grow? Dell Inc became the world's largest personal computer company by selling PCs for less than competitors. But low prices are no longer enough in a market of falling PC prices, and now Dell has to find other ways to stoke
Published 06 Aug, 2006 12:00am
Japan firms post 15 percent jump in quarterly profits

Japan firms post 15 percent jump in quarterly profits

Major Japanese companies posted a 15 percent jump in their group current profits in the April-June quarter from the same period in 2005, the Nihon Keizai (Nikkei) business daily reported on Saturday.
Published 06 Aug, 2006 12:00am
Japan firms post 15 percent jump in quarterly profits

Japan firms post 15 percent jump in quarterly profits

Major Japanese companies posted a 15 percent jump in their group current profits in the April-June quarter from the same period in 2005, the Nihon Keizai (Nikkei) business daily reported on Saturday.
Published 06 Aug, 2006 12:00am
Italy rejects Abertis deal

Italy rejects Abertis deal

Italy's government and highway regulator have rejected the proposed take-over of road operator Autostrade by Spanish rival Abertis, they said in statements on Friday.
Published 06 Aug, 2006 12:00am
North Korea turns to Singapore for bank account

North Korea turns to Singapore for bank account

North Korea has turned to a Singapore bank for financial transactions after its money in Macau was frozen by US sanctions, South Korea's Donga Ilbo newspaper reported on Saturday, citing a source in Washington.
Published 06 Aug, 2006 12:00am
Toyota settles US harassment lawsuit

Toyota settles US harassment lawsuit

Toyota Motor Corp said on Friday it had settled a sexual harassment lawsuit against the Japanese automaker's former top US executive. The lawsuit had threatened to become a major embarrassment for Toyota at a time when the company's sales have been boomin
Published 06 Aug, 2006 12:00am
No deal at Chile's Escondida copper mine

No deal at Chile's Escondida copper mine

Workers at Chile's Escondida copper mine, the world's largest, said late on Friday the company's latest contract offer still fell short of expectations, making a strike next week more likely.
Published 06 Aug, 2006 12:00am
Dubai's Emaar bid wins Egypt luxury resort site

Dubai's Emaar bid wins Egypt luxury resort site

Dubai's Emaar Properties has won an auction to buy a 7 kilometre strip of prime luxury tourism real estate on Egypt's Mediterranean coast for $175 million, Egyptian officials said on Saturday.
Published 06 Aug, 2006 12:00am
India's cotton exports may hit record

India's cotton exports may hit record

India's cotton exports will hit a record 4.5 to 5 million bales in the year ended September, surging from 1 million the year before on the back of a rich harvest and carryover stocks, an industry official said on Saturday.
Published 06 Aug, 2006 12:00am
Islamic banking expanding: US study

Islamic banking expanding: US study

Banking that respects the Islamic ban on charging interest is spreading in Islamic countries and the West, but is limited by its need to duplicate Western financial methods, a study published by the US Treasury Department on Friday said.
Published 06 Aug, 2006 12:00am
Costa Rica coffee board head sacked

Costa Rica coffee board head sacked

The group that runs Costa Rica's coffee industry sacked its executive director Gabriel Gonzalez just three months after he took the post, an official said on Friday.
Published 06 Aug, 2006 12:00am
Record labels sue file-sharing company LimeWire

Record labels sue file-sharing company LimeWire

Some of the world's biggest record labels sued the makers of the file-sharing program LimeWire on Friday, saying the software allows users to download music without paying for it.
Published 06 Aug, 2006 12:00am
Inflows return to emerging market funds

Inflows return to emerging market funds

Emerging market equity and bond funds posted inflows in the week ended Wednesday, as investors' appetite for risk increased amid hopes the US Federal Reserve may soon stop raising interest rates, Emerging Portfolio Fund Research (EPFR) said on Friday.
Published 06 Aug, 2006 12:00am
Inflows return to emerging market funds

Inflows return to emerging market funds

Emerging market equity and bond funds posted inflows in the week ended Wednesday, as investors' appetite for risk increased amid hopes the US Federal Reserve may soon stop raising interest rates, Emerging Portfolio Fund Research (EPFR) said on Friday.
Published 06 Aug, 2006 12:00am
Three Malaysian firms eye Indonesia biofuel sector

Three Malaysian firms eye Indonesia biofuel sector

Three Malaysian firms may invest in Indonesia's biofuel sector to help drive its ambitious $20-billion push into alternative sources of energy, Indonesia's mines and energy minister said on Saturday. Purnomo Yusgiantoro named Golden Hope Plantations, Gent
Published 06 Aug, 2006 12:00am
Oil cake market rates

Oil cake market rates

Higher trend was seen on the forward cottonseed oilcake market on Saturday as buyers covered the immediate needs, dealers said. The August vaida commenced at Rs 632.00 and that proved to be day's lowest at the same level. Later, it gained Rs 4.00 to be da
Published 06 Aug, 2006 12:00am
Cotton market remains dull

Cotton market remains dull

Dullness prevailed on the cotton market on Saturday as leading buyers kept on the sidelines being less interested in new business, dealers said. The official spot rate was unchanged at Rs 2500, without upcountry expenses.
Published 06 Aug, 2006 12:00am
Five clean MR tankers booked from Asia into USWC

Five clean MR tankers booked from Asia into USWC

Traders and refiners have booked a total of five medium-ranged oil product tankers from Asia to the US West Coast as gasoline and jet fuel arbitrages open, shipbrokers and traders said on Thursday.
Published 06 Aug, 2006 12:00am
Gram prices rise on grain market

Gram prices rise on grain market

Grams prices were higher on the grain market on Saturday as supplies from the upcountry were tight as a result of the recent rains, dealers said. On the grams side, gram garda Punjab gained Rs 75 to Rs 3250-3350. Gram dal Punjab was higher by Rs 250 to Rs
Published 06 Aug, 2006 12:00am
Brazilian sugar vessels lineup unchanged

Brazilian sugar vessels lineup unchanged

The lineup of vessels waiting to load sugar in Brazilian ports was unchanged at 46, the same number as last week, shipping agent Williams said on Thursday. It said in a weekly report that 39 vessels were lined up in the southern port of Santos, up from 38
Published 06 Aug, 2006 12:00am
SK Shipping puts $250 million order for 2 VLCCs

SK Shipping puts $250 million order for 2 VLCCs

South Korea's largest crude oil transporter, SK Shipping, has placed a $250 million order for two supertankers with a domestic shipyard, in an attempt to tap into healthy global freight rates, an SK spokesman said on Monday.
Published 06 Aug, 2006 12:00am
SK Shipping puts $250 million order for 2 VLCCs

SK Shipping puts $250 million order for 2 VLCCs

South Korea's largest crude oil transporter, SK Shipping, has placed a $250 million order for two supertankers with a domestic shipyard, in an attempt to tap into healthy global freight rates, an SK spokesman said on Monday.
Published 06 Aug, 2006 12:00am
Cosco's profit rises 30 percent

Cosco's profit rises 30 percent

Cosco Corp, a ship repair and bulk shipping company controlled by China's biggest shipping firm, said on Monday it was on track for higher full-year profit as quarterly earnings rose 30 percent on brisk demand at its China shipyards.
Published 06 Aug, 2006 12:00am
Cosco's profit rises 30 percent

Cosco's profit rises 30 percent

Cosco Corp, a ship repair and bulk shipping company controlled by China's biggest shipping firm, said on Monday it was on track for higher full-year profit as quarterly earnings rose 30 percent on brisk demand at its China shipyards.
Published 06 Aug, 2006 12:00am
Asian freight rates hit eight-month high

Asian freight rates hit eight-month high

Freight rates for the benchmark Asian route hit an eight-month high this week, when demand for spot cargoes rose as traders were expected to start sourcing their shipping requirements for the grain export season.
Published 06 Aug, 2006 12:00am
Two Russian shipping firms buy Spanish Marpetrol

Two Russian shipping firms buy Spanish Marpetrol

Russia's two largest shipping companies, Novoship and Sovcomflot, said on Thursday they had bought Spanish company Marpetrol as they seek a larger share of the European market for chemical product shipments.
Published 06 Aug, 2006 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 98,756 tonnes of cargo including 79,740 tonnes import, 19,016 tonnes export cargo and 4,727 containers during last 24 hours ending at 0700 hours on Saturday.
Published 06 Aug, 2006 12:00am
Japan call rates face easing pressure

Japan call rates face easing pressure

Japan's money market is only just starting to see funds flow more fluidly among banks after the Bank of Japan raised rates last month, but in a sign that conditions are improving the overnight call rate is seen likely to stay under downward pressure for t
Published 06 Aug, 2006 12:00am
Central banks show resolve to crush inflation

Central banks show resolve to crush inflation

Don't underestimate the steely determination of central banks to wrestle down inflation. It's easy to list reasons why the world's central bankers should go easy on tightening credit right now.
Published 06 Aug, 2006 12:00am
Dollar down as soft US jobs data

Dollar down as soft US jobs data

The dollar fell to two-month lows on Friday after data showed that US job creation was lower than forecast in July, leading investors to all but rule out another rate hike from the Federal Reserve next week.
Published 06 Aug, 2006 12:00am
Canadian dollar slides on weak jobs

Canadian dollar slides on weak jobs

A surprise rise in Canada's unemployment rate in July yanked the Canadian dollar sharply lower on Friday, although gains were trimmed by similarly weak US jobs data which firmed expectations that US interest rates will not rise next week.
Published 06 Aug, 2006 12:00am
Speculators' net dollar shorts rise sharply: IMM

Speculators' net dollar shorts rise sharply: IMM

International Money Market currency speculators in the latest week increased bets in favour of sterling to record levels, data released on Friday showed, swelling net dollar shorts to massive levels.
Published 06 Aug, 2006 12:00am
Debate gears up on timing of first Fed rate cut

Debate gears up on timing of first Fed rate cut

With the ink barely dry on another unexpectedly weak US payrolls report, some traders are looking beyond Tuesday's Federal Reserve meeting to guess when the central bank might start trimming interest rates.
Published 06 Aug, 2006 12:00am
Tour champion Landis caught in doping war

Tour champion Landis caught in doping war

American Floyd Landis became the latest casualty in the war against doping after a second drugs sample confirmed a positive test for excessive amounts of the male sex hormone testosterone on the Tour de France.
Published 06 Aug, 2006 12:00am
Agassi withdraws from Canadian Masters

Agassi withdraws from Canadian Masters

Andre Agassi has withdrawn from next week's Canadian Open, organisers said on Friday. Three-times winner of the Masters event and runner-up last year in Montreal, the tournament was to be Agassi's final appearance in Canada before the eight-times grand sl
Published 06 Aug, 2006 12:00am
Clement stuns Hewitt to reach semis

Clement stuns Hewitt to reach semis

Arnaud Clement reached the Legg Mason Classic semi-finals by stunning third seed Lleyton Hewitt 7-6 6-4 Friday, his first victory over the Australian in eight attempts.
Published 06 Aug, 2006 12:00am
Young guns revive Sri Lanka

Young guns revive Sri Lanka

Youngsters Chamara Kapugedera and Prasanna Jayawardene sparked a Sri Lankan batting revival after South Africa threatened to run away with the second cricket Test here on Saturday. The duo put on 105 for the sixth wicket after a four-wicket haul by South
Published 06 Aug, 2006 12:00am
Younis and Yousuf defy England

Younis and Yousuf defy England

Younis Khan and Mohammad Yousuf frustrated England with an unbroken stand of 166 as Pakistan fought back in the third Test at Headingley here Saturday. At stumps on the second day, Pakistan were 202 for two, still 313 runs behind England's first innings 5
Published 06 Aug, 2006 12:00am
Nepal to seize royal lands

Nepal to seize royal lands

Nepal plans to seize lands owned by King Gyanendra and other royal family members and distribute them to the poor as it moves toward treating the monarch like a "normal citizen," a minister said Saturday.
Published 06 Aug, 2006 12:00am
Bird flu kills Thai man

Bird flu kills Thai man

A 27-year-old Thai man has died of bird flu, the country's second death this year, officials said on Saturday, as they put eight more provinces, including the Bangkok area, on a bird flu watchlist.
Published 06 Aug, 2006 12:00am
Two cops killed in Afghanistan

Two cops killed in Afghanistan

Two police officers were killed and eight others wounded Saturday in a roadside bomb aimed at a district governor in Afghanistan's troubled south, an official spokesman said.
Published 06 Aug, 2006 12:00am
Castro has tumor

Castro has tumor

Cuban authorities have told the Brazilian government that Cuban leader Fidel Castro has a malignant stomach tumor and may be unable to return to full power, a Brazilian newspaper reported on Saturday. Folha de S.Paulo said Brazilian officials had been tol
Published 06 Aug, 2006 12:00am
Cuba dismisses US call for democracy

Cuba dismisses US call for democracy

Cuba quickly dismissed another US call for Cuban democracy as Fidel Castro's government began to break the silence that followed his surgery and provisional hand-over of power to brother Raul.
Published 06 Aug, 2006 12:00am
Extra US troops arrive

Extra US troops arrive

Troops from the US military's 172nd Stryker Brigade began arriving in Baghdad on Saturday to help curb the sectarian bloodshed that has left thousands dead in the Iraqi capital.
Published 06 Aug, 2006 12:00am
Seven Iraqis killed

Seven Iraqis killed

Iraqi insurgents gunned down five soldiers and killed two police in a separate bomb attack Friday, as government forces stepped up their campaign to regain control of a war-torn country. Captain Mahmud al-Jiburi of the Kirkuk police told AFP gunmen had am
Published 06 Aug, 2006 12:00am
Tigers halt eastern offensive

Tigers halt eastern offensive

Sri Lanka's Tamil Tiger rebels said they had halted an offensive on a government-held town in the east on Saturday and were pulling back, a sign that conflict on the island may be easing off. The government said hostilities would stop if the Tigers kept t
Published 06 Aug, 2006 12:00am
Thousands rally in London over ceasefire

Thousands rally in London over ceasefire

Thousands of placard-waving activists demanded an immediate Middle East ceasefire on Saturday as they rallied in London to demand a halt to the conflict between Israel and Hezbollah in Lebanon.
Published 06 Aug, 2006 12:00am
Hatred of the US is now universal; Osama has won

Hatred of the US is now universal; Osama has won

Anyone who even attempts to defend the killing of the children in Qana by Israeli air strikes is criminally insane. There can be no justification for slaughtering children, in any circumstances, anywhere.
Published 06 Aug, 2006 12:00am
Bombs and lies: 'heroic commando' raid story

Bombs and lies: 'heroic commando' raid story

Everyday, I find it more and more difficult to say things like "good morning" or to answer used-to-be simple questions like "how are you?". Last night and this morning, the darling Israeli air force did not take a break, bombing massively: Nabatyeh, Beiru
Published 06 Aug, 2006 12:00am
UAF to organise international symposium

UAF to organise international symposium

An International symposium on "Sustainable crop improvement and integrated management" would be organised by Faculty of Agriculture, University of Agriculture, Faisalabad (UAF) in connection with the centennial celebrations of the university. Vice-chancel
Published 06 Aug, 2006 12:00am
Training workshop for local police officers

Training workshop for local police officers

A two-day training workshop for local Police Officers was started in the CPLC Headquarter at Peoples Colony Model Police Station. The National Council for Human Rights arranged this workshop in collaboration with Citizen-Police Liaison Committee.
Published 06 Aug, 2006 12:00am
Strategy evolved to modernise Sialkot sports industry

Strategy evolved to modernise Sialkot sports industry

Small and Medium Enterprise Development Authority (Smeda) has prepared a multi-dimensional strategy for the modernisation of Sports goods industry especially the soccer ball manufacturing sector enabling it to cope with the new challenges of global market
Published 06 Aug, 2006 12:00am
Eliminating extremism

Eliminating extremism

There should be a two-pronged strategy to eliminate extremism from Pakistan. First I would request the government of Pakistan to start an education programme on a war footing in the NWFP, FATA and northern Balochistan, because most of terrorism and sectar
Published 06 Aug, 2006 12:00am
Car tracker system

Car tracker system

Due to increasing ratio of car snatching, I have been using the car tracking system of C-Track for my car, Toyota Corolla 2.0 D Saloon. One Thursday, I travelled to interior Sindh in emergency by road, using my car for a 2-day trip, forgetting to inform t
Published 06 Aug, 2006 12:00am
Plight of SMEs

Plight of SMEs

Speaking at the project commencement ceremony of Korangi Creek Industrial Park (KCIP) on July 30 2006, Prime Minister Shaukat Aziz said that to have a place in the international market there is a need to promote the local industrial activity and noted tha
Published 06 Aug, 2006 12:00am
Facts about auto industry

Facts about auto industry

Reference to a news item published in a section of the press, captioned "Reconditioned cars fail to woo buyers", there were some misleading facts and figures about the auto industry.
Published 06 Aug, 2006 12:00am
Buddhism making a comeback in China

Buddhism making a comeback in China

Piety and a knowledge of Buddhist scriptures used to qualify one to be a Chinese monk. Now, add computer skills, foreign language ability and a degree in financial management. Three decades after temples were destroyed and scriptures burned during the Cul
Published 06 Aug, 2006 12:00am
Growth of mutual funds in Pakistan

Growth of mutual funds in Pakistan

Mutual Funds performance is one of the most frequently studied topics in investment area in most countries. The reason for this popularity is availability of data and importance of mutual funds as vehicles for investment in the stock market for both indiv
Published 06 Aug, 2006 12:00am
Tapping wind energy

Tapping wind energy

The Alternative Energy Development Board (AEDB) has issued LoIs to 41 national and 15 international companies for generation of 700 megawatts of electricity by 2010 as a part of the government's broader strategy to meet at least 5 percent of the country's
Published 06 Aug, 2006 12:00am
'Birth pangs' of a new Middle East?

'Birth pangs' of a new Middle East?

Soon after Israel unleashed its latest wanton attack on Lebanon, US Secretary of State Condoleezza Rice had described the resultant death and destruction as the "birth pangs of a new Middle East." Indeed, the Middle East may be about to take a new turn, b
Published 06 Aug, 2006 12:00am
Top priority being given to agriculture research: minister

Top priority being given to agriculture research: minister

Federal Food, Agriculture and Livestock Sikandar Hayat Khan Bosan on Saturday said the government was according high priority to agriculture research and development to meet the challenges of food security, poverty reduction, improved quality of life for
Published 06 Aug, 2006 12:00am
DFID agrees to implement loan under PRMP

DFID agrees to implement loan under PRMP

The DFID has agreed to provide parallel and tied co-financing through a Technical Assistance (TA) grant of 3-5 million pounds to complement the TA loan project under Punjab Resource Management Programme (PRMP). According to official sources, DFID assistan
Published 06 Aug, 2006 12:00am
Independence Day preparation in full swing

Independence Day preparation in full swing

With a view to celebrating the Independence Day in a befitting manner, the city government has planned to hold different functions in the city. To mark the day, a ceremony will be held at the City District Nazim's office where gold medals will be given to
Published 06 Aug, 2006 12:00am
Premium on sale of cars declines

Premium on sale of cars declines

With the import of over 61,000 used vehicles, there has been a decline on premium charged against the sale of locally made cars. According to sources, with the government decision allowing import of cars, there had also been a decrease in delivery period
Published 06 Aug, 2006 12:00am
Lawyers condemn Israeli aggression

Lawyers condemn Israeli aggression

At least 8,000 lawyers of Southern Punjab on Saturday observed strike to express solidarity with the Lebanese people and to condemn the Israeli aggression at the call of Punjab Bar Council. They boycotted their professional duties and did not appear befor
Published 06 Aug, 2006 12:00am
Opposition demands end to military operation in Balochistan

Opposition demands end to military operation in Balochistan

The Opposition Parties have demanded of the government to immediately call off the continued military operation in Balochistan and announce general amnesty for the resisting forces to restore peace in the province here, on Saturday.
Published 06 Aug, 2006 12:00am
Razing of church issue still unresolved

Razing of church issue still unresolved

Rev. Talib Masih, Moderator of ARP churches in Pakistan said that it was a church of protestants which was constructed in 1970 which razed to ground by the management of Pak-Arab fertilisers Factory after privatisation of the factory.
Published 06 Aug, 2006 12:00am
Groundbreaking ceremony

Groundbreaking ceremony

Federal Minister for Industries, Production and Special Initiatives, Jahangir Khan Tareen will perform the groundbreaking ceremony of Business Centre project here on Monday. Gujranwala Business Centre (GBC) has been jointly set up by Small and Medium Ente
Published 06 Aug, 2006 12:00am
Fesco to install new transformer

Fesco to install new transformer

A new transformer of 31.5/40MVA will be installed at Old Thermal grid station. Briefing to newsmen, Public Relation Officer of Faisalabad Electric Supply Corporation (Fesco), Tahir Mehmood Sheikh said electricity from Sant Singh Road, Tariqabad, Factory A
Published 06 Aug, 2006 12:00am
Funds allocated for construction of Safari Park

Funds allocated for construction of Safari Park

City District Nazim Multan, Faisal Mukhtar, has said that 400-kanal land will be purchased for Safari Park in Moza Balel near Naag Shah and the Punjab Wildlife Department has assured to give funds for this purpose. The nazim, along with District Revenue O
Published 06 Aug, 2006 12:00am
Pharmaceutical companies to set up drug stores at PIMS and JPMC

Pharmaceutical companies to set up drug stores at PIMS and JPMC

On the request of ministry of health both national and multinational pharmaceutical companies have agreed to set up fair price drug stores one each in Pakistan Institute of Medical Sciences (PIMS) Islamabad and JPMC Karachi for the benefit of patients vis
Published 06 Aug, 2006 12:00am
NHA asked to control landslides in Kalarkahar area

NHA asked to control landslides in Kalarkahar area

Federal Minister for Communications Shamim Siddiqui has directed the National Highway Authority (NHA) to take measures to control land sliding in the Kalarkahar area of M-2. Last night, the trailers and trucks were prohibited to inter the Salt Range becau
Published 06 Aug, 2006 12:00am
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