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Print - 2006-08-13
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Saturday (August 12, 2006).

Published 13 Aug, 2006 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Saturday (August 12, 2006).
Published 13 Aug, 2006 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Saturday (August 12, 2006).

Published 13 Aug, 2006 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Saturday (August 12, 2006).

Published 13 Aug, 2006 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Saturday (August 12, 2006).

Published 13 Aug, 2006 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Saturday (August 12, 2006).

Published 13 Aug, 2006 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm
Published 13 Aug, 2006 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 13 Aug, 2006 12:00am
Oil cake market rates

Oil cake market rates

Thin business was seen on the cottonseed oilcake market on Saturday as many buyers kept on the sidelines due to upward trend in the prices, dealers said.
Published 13 Aug, 2006 12:00am
Sluggish trend on cotton market

Sluggish trend on cotton market

Sluggish trading was seen on the cotton market on Saturday as the Trading Corporation of Pakistan (TCP) sold all 28,000 bales of cotton, dealers said. The official spot rate was inert at Rs 2475, without upcountry expenses.
Published 13 Aug, 2006 12:00am
Prices rise on grain market

Prices rise on grain market

Rising trend was seen on the grain market on Saturday amid thin process, dealers said. On the grams side, Moon Punjab gained Rs 125 to Rs 4825. Masoor Australia shed Rs 50 to Rs 2650. Masoor Canada rose by Rs 100 to Rs 2750 and Masoor dal Pakistan followe
Published 13 Aug, 2006 12:00am
Danish shipper Torm's second quarter beats projections

Danish shipper Torm's second quarter beats projections

Danish shipping company Torm posted a smaller-than-expected 6 percent fall in second-quarter pretax profit and raised its full-year profit forecast on the back of continued high freight rates.
Published 13 Aug, 2006 12:00am
Danish shipper Torm's second quarter beats projections

Danish shipper Torm's second quarter beats projections

Danish shipping company Torm posted a smaller-than-expected 6 percent fall in second-quarter pretax profit and raised its full-year profit forecast on the back of continued high freight rates.
Published 13 Aug, 2006 12:00am
Asian clean tanker rates up on hot demand

Asian clean tanker rates up on hot demand

Asian clean tanker rates rose on Thursday, boosted by heightened trans-Pacific arbitrage bookings as traders anticipated a product pinch following BP's closure of its large Prudhoe Bay oilfield.
Published 13 Aug, 2006 12:00am
Raw rubber down on Jodia Bazar

Raw rubber down on Jodia Bazar

The trading in raw rubber moved down on Saturday in Jodia Bazar. The following changes were seen. Raw rubber Ceylon (Per lb): RSSV closed down by Rs 2 at Rs 73 and Pale Crape TPC3 was quoted at Rs 80. LATEX: Semnan Tex ended lower by Rs 15 at Rs 505 and T
Published 13 Aug, 2006 12:00am
Singapore bunker fuel prices fall

Singapore bunker fuel prices fall

Singapore bunker prices fell on Friday as the differential to fuel oil cargo values stayed at a discount of more than $2, traders said. Prices for 380-centistoke (cst) bunker fuel were pegged at $321-$323 a tonne, down $7 from Thursday's Asian close, whil
Published 13 Aug, 2006 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 81,003 tonnes of cargo including 53,726 tonnes import, 27,277 tonnes export cargo and 4,618 containers during last 24 hours ending at 0700 hours on Saturday.
Published 13 Aug, 2006 12:00am
Brazilian sugar vessels lineup rises

Brazilian sugar vessels lineup rises

The lineup of vessels waiting to load sugar in Brazilian ports rose to 48 from last week's 46, shipping agent Williams said Thursday. In a weekly report, it said 40 vessels were lined up in the southern port of Santos, up from 39 last week.
Published 13 Aug, 2006 12:00am
Asian freight rates continue to hit new highs

Asian freight rates continue to hit new highs

Freight rates for the benchmark Asian route hit a fresh-high this week, on healthy demand for spot cargo trades, as traders turned to lock in their end-of year shipping requirements.
Published 13 Aug, 2006 12:00am
Australian barley jumps

Australian barley jumps

China has snapped up large tonnage's of Australian malting barley in the past two weeks, strongly driving up prices on concerns of a supply squeeze. This has brought China's purchases of Australian malting barley, used to over 1.5 million tonnes this year
Published 13 Aug, 2006 12:00am
Indonesia palm oil firm

Indonesia palm oil firm

Tight crude palm oil supply supported Indonesian prices on Friday, but trading was subdued as players stayed on the sidelines to await clearer price leads next week. Crude palm oil at the state marketing centre's auction in Jakarta traded at 4,463 rupiah
Published 13 Aug, 2006 12:00am
Indian wheat futures climb

Indian wheat futures climb

Indian wheat futures climbed on Friday on supply disruptions caused by floods in the country's south and west. Soya eased in line with global markets while good stocks dragged down sugar. The August wheat contract at the National Commodity and Derivatives
Published 13 Aug, 2006 12:00am
New York sugar finishes at eight-month low

New York sugar finishes at eight-month low

Raw sugar prices closed on Friday at its lowest level in eight months as commodity fund sales hammered the market and further pressure could lead to lower values next week, brokers said.
Published 13 Aug, 2006 12:00am
New York copper falls

New York copper falls

Copper also settled lower on news that BHP Billiton had sat down to negotiate an end to a labour strike affecting Escondida, the world's largest copper mine in Chile. COMEX copper for September fell 4 percent, or $14.80, to end at $3.4765 a lb.
Published 13 Aug, 2006 12:00am
Chile and Guinea buy Vietnamese rise

Chile and Guinea buy Vietnamese rise

State-run Northern Food Corporation, Vietnam's second-largest rice exporter, has agreed to supply Chile and Guinea with up to 100,000 tonnes each through auctions, state media reported on Friday.
Published 13 Aug, 2006 12:00am
Asian rubber: Tokyo futures reverse gains

Asian rubber: Tokyo futures reverse gains

Japan's most active rubber futures contract ended lower in volatile trade on Friday as speculators booked profits after the price had risen more than 2 percent the previous day.
Published 13 Aug, 2006 12:00am
CBOT rice slips

CBOT rice slips

Chicago Board of Trade rough rice futures closed mostly lower on Friday, retreating from contract highs as speculators took profits, traders said. CBOT September rice closed unchanged at $9.61-1/2 per hundredweight, near its session low of $9.60. Most-act
Published 13 Aug, 2006 12:00am
Gold and silver drift lower

Gold and silver drift lower

COMEX gold and silver futures trimmed some of their steep losses by the close on Friday, but a midday profit-taking spree by short-term speculators sent it to its lowest close since July 26, traders said.
Published 13 Aug, 2006 12:00am
Soy falls to 8-1/2-month low

Soy falls to 8-1/2-month low

A turn to good crop weather in the US Midwest during August, the key yield-determining month for soy, drove Chicago Board of Trade soybean futures to 8-1/2 month lows and new contract lows on Friday, traders said.
Published 13 Aug, 2006 12:00am
Chinese vegetable oil surge

Chinese vegetable oil surge

Vegetable oil prices in China have surged due to a slowdown in soya crushing, triggering large purchases of palm oil, crude soyaoil and canola ahead of the country's Moon Festival in early October.
Published 13 Aug, 2006 12:00am
Oil falls from record peaks in wake of thwarted bomb plot

Oil falls from record peaks in wake of thwarted bomb plot

Crude oil prices fell off record peaks last week as traders seized on news of a failed plan to blow up US-bound passenger planes that prompted expectations of a drop in demand for jet fuel. Coffee prices struck the highest level for six and a half years a
Published 13 Aug, 2006 12:00am
South Korean Inchon to build $2.1 billion upgrading unit

South Korean Inchon to build $2.1 billion upgrading unit

South Korean refiner SK Inchon Oil Ltd was considering the investment of 1.97 trillion won ($2.1 billion) in new facilities to produce 55,000 barrel-per-day (bpd) of light fuels, a South Korean newspaper reported on Saturday.
Published 13 Aug, 2006 12:00am
Number of mobile accounts tops Russian population

Number of mobile accounts tops Russian population

The number of mobile phone accounts has topped Russia's population, experts in the J'son and Partners consultant firm said in a monthly report quoted Saturday by the Kommersant daily.
Published 13 Aug, 2006 12:00am
SEC guides hedge funds after rule struck down

SEC guides hedge funds after rule struck down

The US Securities and Exchange Commission has moved to reassure hedge fund advisers already registered with it that they will not run into trouble as a result of a June court ruling that struck down an SEC registration order.
Published 13 Aug, 2006 12:00am
SEC guides hedge funds after rule struck down

SEC guides hedge funds after rule struck down

The US Securities and Exchange Commission has moved to reassure hedge fund advisers already registered with it that they will not run into trouble as a result of a June court ruling that struck down an SEC registration order.
Published 13 Aug, 2006 12:00am
World Bank blows whistle on graft scandal in Indonesia

World Bank blows whistle on graft scandal in Indonesia

The World Bank has exposed corrupt practices linked to three loans for infrastructure projects in Indonesia, cancelling them and demanding millions of dollars in refunds, a report said Saturday.
Published 13 Aug, 2006 12:00am
Bangladesh central bank keeps tight monetary policy

Bangladesh central bank keeps tight monetary policy

Bangladesh's central bank said it would stick to a tight monetary policy to combat rising inflation, despite fears this would choke off credit to the private sector, slowing growth.
Published 13 Aug, 2006 12:00am
Economics at heart of Asean's mid-life crisis

Economics at heart of Asean's mid-life crisis

Southeast Asia's club of nations, Asean, turned 39 on Tuesday and already it appears to be grappling with a mid-life crisis. The Association of South East Asian Nations, born out of the Cold War of the 1960s, began as a group of newly independent states d
Published 13 Aug, 2006 12:00am
Vietnam to probe ABN Amro foreign exchange dispute

Vietnam to probe ABN Amro foreign exchange dispute

Vietnam has ordered a police investigation into disputed foreign exchange transactions between Industrial and Commercial Bank of Vietnam (Incombank) and Dutch bank ABN Amro, a newspaper reported on Saturday.
Published 13 Aug, 2006 12:00am
Japan breached tuna quota: Australia

Japan breached tuna quota: Australia

A senior Australian fisheries official said Japan had illegally taken A$2 billion ($1.53 billion) of prized southern bluefin tuna over the past 20 years in breach of quota restrictions, local media reported on Saturday.
Published 13 Aug, 2006 12:00am
China's crude oil imports up

China's crude oil imports up

China's net import of crude oil rose by 17.6 percent year on year in the first half of 2006, due to the rapid economic growth and booming automobile purchases, state media said Saturday.
Published 13 Aug, 2006 12:00am
BP to keep Alaska field online, raise output

BP to keep Alaska field online, raise output

BP Plc. said on Friday that it will keep the western half of its Prudhoe Bay oil field in Alaska online, allowing it to keep about half the field's capacity operational despite pipeline corrosion that caused a shutdown of the other half of the field.
Published 13 Aug, 2006 12:00am
Flood-hit Indian diamond hub vows to meet orders

Flood-hit Indian diamond hub vows to meet orders

Manufacturers in India's flood-ravaged Surat city, a key diamond hub, vowed on Saturday to work extra hours to prevent major disruption in exports and meet orders from key markets in Europe and the United States.
Published 13 Aug, 2006 12:00am
Polish entrepreneur buys Kazakh oil fields

Polish entrepreneur buys Kazakh oil fields

Polish entrepreneur Ryszard Krauze's Petrolinvest has bought significant stakes in four Kazakh companies owning large oil fields in that country, daily newspaper Gazeta Wyborcza reported on Saturday.
Published 13 Aug, 2006 12:00am
Dell offering refunds to China customers who sued

Dell offering refunds to China customers who sued

Dell Inc, the world's largest personal computer maker, is offering refunds to customers in China who sued the company saying their laptops had different microprocessors than advertised.
Published 13 Aug, 2006 12:00am
Saudi Air opens privatisation with catering unit

Saudi Air opens privatisation with catering unit

State-owned Saudi Arabian Airlines kicked off a long-awaited privatisation on Saturday by inviting bids for a stake of up to 49 percent in its catering unit. The catering division is one of five the kingdom's flag carrier plans to privatise by the end of
Published 13 Aug, 2006 12:00am
American credit market outlook

American credit market outlook

Credit spreads on Ace Ltd have widened on concerns about potential losses from this year's impending US hurricane season, and while the company still risks further spread widening, now may be a good time to buy, according to some analysts.
Published 13 Aug, 2006 12:00am
American credit market outlook

American credit market outlook

Credit spreads on Ace Ltd have widened on concerns about potential losses from this year's impending US hurricane season, and while the company still risks further spread widening, now may be a good time to buy, according to some analysts.
Published 13 Aug, 2006 12:00am
European Stocks: more volatility, fewer earnings reports

European Stocks: more volatility, fewer earnings reports

Equity markets look set to remain volatile with inflation and interest rate worries as well as renewed terror fears and the ongoing Israel-Lebanon conflict outweighing healthy corporate profits and low stock valuations.
Published 13 Aug, 2006 12:00am
Emerging government debt prices soften

Emerging government debt prices soften

Emerging government debt prices eased in light trade on Friday as investors adjusted their positions ahead of the weekend. Brazil's global bond due 2040, considered the emerging market benchmark paper, eased 0.125 to bid 129.563 and to yield 6.593 percent
Published 13 Aug, 2006 12:00am
Emerging government debt prices soften

Emerging government debt prices soften

Emerging government debt prices eased in light trade on Friday as investors adjusted their positions ahead of the weekend. Brazil's global bond due 2040, considered the emerging market benchmark paper, eased 0.125 to bid 129.563 and to yield 6.593 percent
Published 13 Aug, 2006 12:00am
Mexican stocks surge

Mexican stocks surge

The Mexican stock market moved higher on Friday, driven by hefty gains in retailer Wal-Mart de Mexico. The IPC stock index finished up 1.13 percent at 20,273.86 after three straight declining sessions. Leading Mexican retailer Wal-Mart de Mexico, or Walme
Published 13 Aug, 2006 12:00am
US Treasury debt prices finish lower

US Treasury debt prices finish lower

US Treasury debt prices fell on Friday after stronger-than-anticipated July retail sales revived speculation that the Federal Reserve might resume raising interest rates.
Published 13 Aug, 2006 12:00am
US Treasury debt prices finish lower

US Treasury debt prices finish lower

US Treasury debt prices fell on Friday after stronger-than-anticipated July retail sales revived speculation that the Federal Reserve might resume raising interest rates.
Published 13 Aug, 2006 12:00am
IPO view: go daddy only the latest tech IPO flop

IPO view: go daddy only the latest tech IPO flop

While Go Daddy's titillating TV ads lampooning censorship may have raised some viewers' pulses when they debuted during the 2005 Superbowl, its planned IPO this week provoked little more than yawns from investors.
Published 13 Aug, 2006 12:00am
US corporate bonds market slightly wider

US corporate bonds market slightly wider

US corporate bond spreads were steady to slightly wider on Friday as issuers finished unloading about $20 billion of bonds this week ahead of late August's summer doldrums. The market "is going to start slowing down," said Scott Radell, a portfolio manage
Published 13 Aug, 2006 12:00am
US corporate bonds market slightly wider

US corporate bonds market slightly wider

US corporate bond spreads were steady to slightly wider on Friday as issuers finished unloading about $20 billion of bonds this week ahead of late August's summer doldrums. The market "is going to start slowing down," said Scott Radell, a portfolio manage
Published 13 Aug, 2006 12:00am
Toronto shares decline

Toronto shares decline

Toronto stocks fell for a second straight session on Friday as the escalating bidding war for big nickel miner Inco Ltd failed to offset weaker energy and gold-mining issues. The Toronto Stock Exchange S&P/TSX composite index closed down 14.15 points, or
Published 13 Aug, 2006 12:00am
Argentine stocks tumble

Argentine stocks tumble

Argentine stocks slid on Friday, tracking US markets in a session marked by investor caution and thin trade, traders said. The MerVal index of 12 leading shares lost 0.85 percent to close at 1,618.88 points, racking up a 5.66 percent loss over the last si
Published 13 Aug, 2006 12:00am
Chile stocks slump

Chile stocks slump

Chilean stocks fell from the previous session's two-month high in sluggish trade on Friday as investors waited for final earnings reports. The all-market IGPA index slipped 0.35 percent to 9,985.12 points, while the blue chip IPSA index fell 0.59 percent
Published 13 Aug, 2006 12:00am
US equities drop on growth

US equities drop on growth

US stocks fell on Friday as worries about slower economic growth hit shares of industrial companies such as Caterpillar Inc and disappointing news from chip makers pulled tech stocks lower. A report showing a larger-than-expected rise in business inventor
Published 13 Aug, 2006 12:00am
US-led economic slowdown could be boon for dollar

US-led economic slowdown could be boon for dollar

Buying dollars, not selling them might be the best way for currency investors to benefit from a US economic slowdown which could haunt the global economy into next year.
Published 13 Aug, 2006 12:00am
BoJ keeps policy unchanged

BoJ keeps policy unchanged

The Bank of Japan left monetary policy unchanged on Friday, a month after it raised rates for the first time in six years. As widely expected, the BOJ kept the overnight call rate target at 0.25 percent. The decision by the nine-member board was unanimous
Published 13 Aug, 2006 12:00am
Dollar climbs even with Fed on hold

Dollar climbs even with Fed on hold

The dollar rose on Friday, capping its largest one-week rise in nearly a month on the view the Federal Reserve may not be able to keep official US interest rates steady for long.
Published 13 Aug, 2006 12:00am
Forex market views and key levels

Forex market views and key levels

Following is a selection of comments from analysts on important technical developments in the foreign exchange market:
Published 13 Aug, 2006 12:00am
IMM speculators hold record net long euro, sterling positions

IMM speculators hold record net long euro, sterling positions

International Money Market currency speculators upped their bets against the dollar in the week to August 8, in the process accumulating record bets on the euro and sterling strengthening, data released on Friday showed.
Published 13 Aug, 2006 12:00am
Canadian dollar ends higher

Canadian dollar ends higher

The Canadian dollar rose in see-saw trade on Friday as news of a third takeover bid for Canadian nickel miner Inco Ltd offset downward pressure from surprisingly strong US retail sales data.
Published 13 Aug, 2006 12:00am
Perth pitch not at its best for Ashes

Perth pitch not at its best for Ashes

Perth's WACA cricket pitch, once regarded as the fastest in Australia, will not be at its fearsome best for Australia's Ashes series with England in December, the ground curator said Saturday.
Published 13 Aug, 2006 12:00am
Bangladesh beat Kenya

Bangladesh beat Kenya

Bangladesh beat Kenya by six wickets in the first one day international at the Gymkhana Club Ground here on Saturday. Bangladesh replied with 170-4 after dismissing Kenya for 168 all out inside 50 overs. The second of the three one day internationals is o
Published 13 Aug, 2006 12:00am
Rashid Latif believes Jones should be forgiven for gaffe

Rashid Latif believes Jones should be forgiven for gaffe

Former Pakistan captain Rashid Latif has called on the cricket community to forgive disgraced Australian commentator Dean Jones for his disparaging remarks about South African cricketer Hashim Amla.
Published 13 Aug, 2006 12:00am
Federer battles into Toronto semis

Federer battles into Toronto semis

Roger Federer battled through to the Toronto Masters semi-finals with a 7-6 6-7 6-3 win over Xavier Malisse on Friday. Playing his first event since claiming his fourth consecutive Wimbledon title, the world number one has yet to slip into a comfortable r
Published 13 Aug, 2006 12:00am
Williams, Sharapova reach Los Angeles semi-finals

Williams, Sharapova reach Los Angeles semi-finals

Resurgent Serena Williams overcame a strong challenge from fellow American Meghann Shaughnessy to move into the Los Angeles Open semi-finals with a 6-7 6-1 6-4 win on Friday.
Published 13 Aug, 2006 12:00am
Shoaib Akhtar could return for final Test: Woolmer

Shoaib Akhtar could return for final Test: Woolmer

Pakistan fast bowler Shoaib Akhtar could return to action for the final Test against England next week, coach Bob Woolmer said, after coming through eight overs against a West Indies A side here on Saturday.
Published 13 Aug, 2006 12:00am
Italy readies up to 3,000 troops for Lebanon

Italy readies up to 3,000 troops for Lebanon

Italy is ready to send between 2,000 and 3,000 troops to Lebanon as part of the planned United Nations force to enforce a cease-fire, Defence Under-secretary Lorenzo Forcieri told Reuters on Saturday. Forcieri said it was "realistic" that Italy would be g
Published 13 Aug, 2006 12:00am
Ethiopia ratifies nuclear test ban treaty

Ethiopia ratifies nuclear test ban treaty

Ethiopia has ratified an international United Nations treaty that bans explosive testing of nuclear weapons, bringing the total number of ratifications to 135, an official statement said Saturday.
Published 13 Aug, 2006 12:00am
Top Tajik general jailed for life

Top Tajik general jailed for life

A former elite general in the war-ravaged Central Asian state of Tajikistan has been jailed for life for planning an armed revolt against President Emomali Rakhmonov, the general's lawyer said on Saturday.
Published 13 Aug, 2006 12:00am
Mahathir strikes at seat of Prime Minister's power

Mahathir strikes at seat of Prime Minister's power

Former Malaysian leader Mahathir Mohamad took his attack against Prime Minister Abdullah Ahmad Badawi to the seat of power, the ruling party, on Saturday - and found plenty of support for his criticisms.
Published 13 Aug, 2006 12:00am
Japanese, French satellites put into orbit

Japanese, French satellites put into orbit

An Ariane-5 rocket blasted off from French Guiana on Friday, putting into orbit a Japanese civilian communications satellite and a French military communications satellite, officials said. The launch took place at Europe's space base in Kourou, on the nor
Published 13 Aug, 2006 12:00am
Tigers break through northern defences; 27 soldiers killed

Tigers break through northern defences; 27 soldiers killed

Sri Lanka's Tamil Tiger rebels broke through military defences in the island's far north and overran army bunkers on Saturday, truce monitors said, as the fiercest fighting since a 2002 truce spread.
Published 13 Aug, 2006 12:00am
Sri Lankan peace official assassinated

Sri Lankan peace official assassinated

Unidentified gunmen shot dead Saturday a top Sri Lankan official involved in the Norwegian-led peace process with Tamil Tiger rebels, police said. Ketheesh Loganathan, the Deputy Secretary-General of the Peace Secretariat, was shot at his home in Colombo'
Published 13 Aug, 2006 12:00am
UK rejects foreign policy link to attack threat

UK rejects foreign policy link to attack threat

The British government on Saturday rejected as "dangerous and foolish" accusations that its foreign policy heightened the threat of terrorist attacks after police foiled a plot to blow up transatlantic airliners.
Published 13 Aug, 2006 12:00am
AJK APHC to observe black day on August 15

AJK APHC to observe black day on August 15

All Parties Hurriyat Conference Azad Jammu and Kashmir (AJK) Convenor and Chairman People's Freedom League Muhammad Farooq Rehmani has said that Kashmiris in Pakistan and AJK would observe 'black day' on August 15 independence day of India.
Published 13 Aug, 2006 12:00am
US team meets Pemra chief

US team meets Pemra chief

A three-member delegation, led by David A. Gross the US Ambassador and Co-ordinator for International Communication and Information Policy Bureau of Economics & Business Affairs, called on the chairman Pemra to discuss various issues of bilateral importan
Published 13 Aug, 2006 12:00am
'New Media Policy in final stages'

'New Media Policy in final stages'

Secretary Information and Broadcasting Shahid Rafi said on Saturday that preparation of new Media Policy was in final stages and it would be announced soon.
Published 13 Aug, 2006 12:00am
CDA demolishes 40 temporary huts

CDA demolishes 40 temporary huts

The Capital Development Authority (CDA) on Saturday conducted an operation against illegal encroachments and illegally builds. During the operation enforcement department of CDA has demolished almost 40 temporary huts here at Capital sector G-1.
Published 13 Aug, 2006 12:00am
Gandi-DI Khan highway approved: minister

Gandi-DI Khan highway approved: minister

Federal Minister for Inter Provincial Co-ordination, Senator Salim Saifullah Khan said that the Federal Government has approved 118 kilometres Gandi- D I Khan dual highway for the southern districts of NWFP and disclosed that work would shortly commence o
Published 13 Aug, 2006 12:00am
Cuba: small country, large symbol

Cuba: small country, large symbol

Cuba is on all counts a very small country - with a population of 11.4 million people, a GDP of 39 billion dollars a year and an annual volume of trade of 9.3 billion dollars. But it has for years projected itself far beyond these numbers.
Published 13 Aug, 2006 12:00am
Rain havoc in Karachi

Rain havoc in Karachi

More then 2 dozen people lost their lives because of callousness of the planners and failure in their co-ordination, who claim that Karachi will soon be a city of luxurious living. This rhetoric was dinned in our ears by ex-City Nazim and now the energeti
Published 13 Aug, 2006 12:00am
Standing up to Israel

Standing up to Israel

By giving a green signal to Israel to attack Lebanon, the US has once again behaved as an extension of the Israeli government. Its advice to the invading party not to kill civilians was a solace for its collateral satisfaction vis-à-vis its signal.
Published 13 Aug, 2006 12:00am
Lebanon: a slap on world's conscience

Lebanon: a slap on world's conscience

Rumours of late were taking rounds that the money- changers have turned into the Shylocks of Judaea baying for flesh and blood. What a blasphemy for the chosen ones, thousand apologies better mind your language. Some think it is a genetic disorder others
Published 13 Aug, 2006 12:00am
The five wars of Hizbullah and Israel

The five wars of Hizbullah and Israel

After four weeks of violent but inconclusive warfare, there were almost as many diplomats as missiles flying overhead in Beirut in the last few days, signalling a shift from fighting to negotiating, as the war's true dimensions and stakes suddenly become
Published 13 Aug, 2006 12:00am
Sindh's industrial infrastructure

Sindh's industrial infrastructure

It, indeed, is gratifying to learn from a Recorder Report that, at long last, a beginning has been made in providing Sindh with a befitting infrastructure, conducive to its crying needs and circumstances, with a marked focus on Karachi, the country
Published 13 Aug, 2006 12:00am