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Print - 2006-11-15
Saudi Arabia to boost refining in kingdom

Saudi Arabia to boost refining in kingdom

  • Top oil exporter Saudi Arabia is aiming to boost refining capacity in the kingdom by more than one million barrels a day and a new plant on the Red Sea will help it reach the goal, a Saudi oil adviser said on Tuesday.
Published 15 Nov, 2006 12:00am
Hedge funds pass valuation test: FSA

Hedge funds pass valuation test: FSA

Hedge funds are largely succeeding in obtaining accurate valuations for their investments, even in the case of illiquid or complex securities, the UK's financial watchdog said on Tuesday.
Published 15 Nov, 2006 12:00am
Hedge funds pass valuation test: FSA

Hedge funds pass valuation test: FSA

Hedge funds are largely succeeding in obtaining accurate valuations for their investments, even in the case of illiquid or complex securities, the UK's financial watchdog said on Tuesday.
Published 15 Nov, 2006 12:00am
InterContinental's third quarter profit up

InterContinental's third quarter profit up

InterContinental Hotels Plc, the world's largest hotelier, reported a 13 percent rise in third-quarter profits on Tuesday and said after strong trading in the quarter the group's outlook "remains positive".
Published 15 Nov, 2006 12:00am
InterContinental's third quarter profit up

InterContinental's third quarter profit up

InterContinental Hotels Plc, the world's largest hotelier, reported a 13 percent rise in third-quarter profits on Tuesday and said after strong trading in the quarter the group's outlook "remains positive".
Published 15 Nov, 2006 12:00am
Vietnam, business dismay at failed US trade bill

Vietnam, business dismay at failed US trade bill

Vietnam and American business leaders were disappointed on Tuesday after the US House of Representatives failed to pass a bill establishing permanent normal trade relations between the former enemies.
Published 15 Nov, 2006 12:00am
Apec business leaders urge vast free trade zone

Apec business leaders urge vast free trade zone

Asia-Pacific business leaders called on Tuesday for an Asia-Pacific free trade area to counter the proliferation of mini-pacts that are adding costs and complexity to doing business in the region.
Published 15 Nov, 2006 12:00am
Obituary

Obituary

Mother of the custodian of Bagnotar Sharif shrine Abbottabad and Deputy Director Environment, Gulazada Khan was laid to rest on Tuesday at her native graveyard in Malakand Agency. She died of protracted cardiac arrest on late Monday night.
Published 15 Nov, 2006 12:00am
'Saudi Pak Transact' launched

'Saudi Pak Transact' launched

Saudi Pak Bank has announced the launch of its new product "Saudi Pak Transact", an Internet banking service through which customers can click and bank at their convenience anywhere anytime in the most secure and simple way.
Published 15 Nov, 2006 12:00am
Lecture on physiotherapy

Lecture on physiotherapy

Seniors Citizens Forum (SCF) has arranged a lecture for ladies at SCF Recreation Centre 163-L, PECHS on Wednesday (November 15), at 4:00 pm Dr Fatima Maqbool will speak on the need of physiotherapy for seniors. She will also give practical training of phy
Published 15 Nov, 2006 12:00am
Live Securities Hyderabad branch inaugurated

Live Securities Hyderabad branch inaugurated

The government is playing the role of a facilitator and has endeavoured permanently to create the most conducive investment opportunities for local as well as foreign investors by enacting appropriate legislation, building state-of-the-art infrastructure,
Published 15 Nov, 2006 12:00am
Thai firm opens furniture outlet in Karachi

Thai firm opens furniture outlet in Karachi

Persistent efforts and appropriate policies of the present government have made Pakistan an attractive destination for foreign investments, while Thai business community is very keen to explore opportunities.
Published 15 Nov, 2006 12:00am
Citigroup GTS seminar held

Citigroup GTS seminar held

Citigroup has been actively involved in the development of Pakistan's financial services sector and has undertaken several initiatives in this regard including the regular and timely transfer of expertise.
Published 15 Nov, 2006 12:00am
Mobilink, Box Office launch 'Miami Vice'

Mobilink, Box Office launch 'Miami Vice'

Mobilink and Box Office announced on Tuesday the launch of Hollywood blockbuster, the record-smashing film 'Miami Vice'. The film will opens in cinemas nation-wide starting from November 17.
Published 15 Nov, 2006 12:00am
Hamdard pharmacy campuses recognised

Hamdard pharmacy campuses recognised

The Pharmacy Council of Pakistan has granted provisional recognition to the Pharmacy Teaching Programme of the Faculty of Pharmacy, Karachi campus, and Institute of Pharmaceutical Sciences, Islamabad campus.
Published 15 Nov, 2006 12:00am
Rare books' section at Sindh University

Rare books' section at Sindh University

The vice chancellor University of Sindh Mazhar-ul-Haq Siddiqui on Tuesday inaugurated a books' section, Begum Akhtar Jabeen Corner, set up by the management of the Marui Library at University's Girls Hostel.
Published 15 Nov, 2006 12:00am
Taiwan stocks make gains

Taiwan stocks make gains

Taiwan shares rose 0.95 percent to a six-month closing high on Tuesday, as a bullish forecast by Samsung Electronics spurred investor hopes of strong demand for local memory chip makers like Powerchip. The main TAIEX share index finished at 7,204.04 point
Published 15 Nov, 2006 12:00am
Malaysian shares up

Malaysian shares up

Malaysian share prices closed sharply higher on Tuesday led by construction and banking stocks on expectations they may gain from government pump-priming measures, dealers said. They said the local bourse was expected to continue to play catch-up with its
Published 15 Nov, 2006 12:00am
Hong Kong blue chips flat

Hong Kong blue chips flat

Hong Kong blue chips held steady on Tuesday despite a choppy session as a rebound by China Mobile tempered losses in HSBC following weak quarterly earnings by the global lender's US unit.
Published 15 Nov, 2006 12:00am
US stocks rise as oil falls

US stocks rise as oil falls

US stocks advanced on Monday as investors bet that falling crude oil prices would support corporate earnings growth, pushing up shares of industrial bellwethers such as General Electric Co. But nervousness about this week's inflation reports, which could
Published 15 Nov, 2006 12:00am
US Treasury prices soften

US Treasury prices soften

US government debt prices fell on Monday as investors fretted that consumer and producer price data this week may show rising inflation and prompt the Federal Reserve to consider resuming interest rate hikes. Data on producer prices is set for release on
Published 15 Nov, 2006 12:00am
US Treasury prices soften

US Treasury prices soften

US government debt prices fell on Monday as investors fretted that consumer and producer price data this week may show rising inflation and prompt the Federal Reserve to consider resuming interest rate hikes. Data on producer prices is set for release on
Published 15 Nov, 2006 12:00am
Philippines shares drop

Philippines shares drop

Philippines share prices closed 0.71 percent lower on Tuesday as investors again took profits after the index hit nine-year highs last week, dealers said. They said Philippine Long Distance Telephone (PLDT) and Globe Telecom were among the biggest losers
Published 15 Nov, 2006 12:00am
Thai stocks close lower

Thai stocks close lower

Thai share prices closed 0.40 percent lower on Tuesday with investors disappointed by the post-coup government's announcement that lifting martial law was not urgent, dealers said. They said the market was also under pressure due to profit-taking.
Published 15 Nov, 2006 12:00am
Singapore shares jump

Singapore shares jump

Singapore share prices closed at a new record high on Tuesday, boosted by Wall Street's stronger finish and hopes of better US economic data, dealers said. Investor confidence also rose on expectations Singapore may lower its corporate tax rate as it push
Published 15 Nov, 2006 12:00am
Tokyo stocks end firmer on strong GDP

Tokyo stocks end firmer on strong GDP

The Nikkei climbed 1.67 percent on Tuesday, posting its biggest one-day percentage gain in six weeks, after stronger-than-expected gross domestic product data sparked a rebound in Sumitomo Realty & Development Co Ltd and other firms sensitive to domestic
Published 15 Nov, 2006 12:00am
Indian shares climb

Indian shares climb

Indian share prices closed up 0.20 percent on Tuesday to hit a fourth straight record high, led by buying in software stocks, dealers said. They said Asian market trends boosted buying interest in index heavyweights, but profit-taking trimmed gains.
Published 15 Nov, 2006 12:00am
Chinese shares soar 1.3 percent

Chinese shares soar 1.3 percent

Chinese shares rose 1.31 percent on Tuesday, following a 1 percent drop in the previous session, with financial plays extending gains and several counters rallying on a technical rebound.
Published 15 Nov, 2006 12:00am
Swiss franc stronger, eyes on SNB

Swiss franc stronger, eyes on SNB

The Swiss franc was stronger against the dollar, but flat versus the euro in early trade on Tuesday ahead of a speech by SNB head Jean-Pierre Roth later in the day on the international currency regime. The franc was 0.18 percent stronger against the US cu
Published 15 Nov, 2006 12:00am
Yuan slips after consecutive highs

Yuan slips after consecutive highs

China's yuan slipped against the dollar on Tuesday, after hitting fresh post-revaluation highs for four straight trading days, as the central bank set the yuan's mid-point at a much weaker level.
Published 15 Nov, 2006 12:00am
Yen rallies as Japan third quarter growth

Yen rallies as Japan third quarter growth

The yen rallied on Tuesday after data showed Japan's economy grew more rapidly than expected in the third quarter, keeping the Bank of Japan on track to raise interest rates in the next few months.
Published 15 Nov, 2006 12:00am
Dollar gains as foreign exchange reserve

Dollar gains as foreign exchange reserve

The dollar pared some of last week's losses and gained on the major currencies on Monday as investors reassessed the chances of foreign central banks cutting back their US currency holdings.
Published 15 Nov, 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. 68.50/72.95 (previous 68.50/71.90). Call Money Rates: 6.40-10.00 percent (previous 6.25-10.00 percent.
Published 15 Nov, 2006 12:00am
Hong Kong dollar edges lower

Hong Kong dollar edges lower

The Hong Kong dollar edged lower on Tuesday, weighed down by interest-rate arbitrage trades. The currency fell as low as 7.7865 against the US dollar before trading back to 7.7855/58, down from Monday's close of 7.7849/50.
Published 15 Nov, 2006 12:00am
Most Asian currencies slip

Most Asian currencies slip

Most Asian currencies slipped from this week's multi-month highs on Tuesday, shrugging off a firmer Japanese yen as worries grew that more central banks would join South Korea's and India's in reining in their currencies.
Published 15 Nov, 2006 12:00am
Australian dollar up off three-week lows

Australian dollar up off three-week lows

The Australian dollar edged up off near three-week lows against the US dollar on Tuesday as investors took profits, but with record "long" positions the local currency was likely to meet resistance ahead of $0.7700.
Published 15 Nov, 2006 12:00am
Federer beats Roddick

Federer beats Roddick

World number one Roger Federer was forced to dig deep to keep his perfect record in Masters Cup round robin matches intact with a 4-6 7-6 6-4 win over a fired-up Andy Roddick on Tuesday.
Published 15 Nov, 2006 12:00am
No positive drug tests at Champions Trophy: ICC

No positive drug tests at Champions Trophy: ICC

None of the 24 random dope tests conducted at the recent Champions Trophy was positive, the International Cricket Council (ICC) said on Tuesday. The biennial event began with a drugs scandal when the Pakistan pace pair of Shoaib Akhtar and Mohammad Asif w
Published 15 Nov, 2006 12:00am
Trescothick out of Ashes with stress illness

Trescothick out of Ashes with stress illness

England batsman Marcus Trescothick is returning home from the Ashes tour of Australia after suffering a recurrence of a stress-related illness. Trescothick flew out of Sydney on Tuesday night, just nine days before the start of the first Ashes Test, after
Published 15 Nov, 2006 12:00am
Two England players racially abused

Two England players racially abused

The ugly spectre of racism in cricket has reared its head again with claims two England players were abused by spectators on the Ashes tour of Australia. Spinner Monty Panesar, a bearded Sikh, was allegedly called "a stupid Indian" by a spectator during t
Published 15 Nov, 2006 12:00am
Bangladesh cricket chief quits

Bangladesh cricket chief quits

Bangladesh's cricket board president Ali Asghar said Tuesday he had resigned after the government failed to sign a record television deal with a Singapore-based company.
Published 15 Nov, 2006 12:00am
Pakistan beat West Indies

Pakistan beat West Indies

Pakistan overcame Brian Lara's defiant 33rd Test century to record an easy nine-wicket victory over the West Indies in the first Test at the Gaddafi stadium here Tuesday.
Published 15 Nov, 2006 12:00am
Pakistan beat West Indies

Pakistan beat West Indies

Pakistan overcame Brian Lara's defiant 33rd Test century to record an easy nine-wicket victory over the West Indies in the first Test at the Gaddafi stadium here Tuesday.
Published 15 Nov, 2006 12:00am
Former CA sales executive gets seven years

Former CA sales executive gets seven years

The former head of sales at CA Inc was sentenced to seven years in prison on Tuesday for participating in a $2.2 billion accounting scandal at the software company.
Published 15 Nov, 2006 12:00am
Clashes in Bangladesh hurt 80

Clashes in Bangladesh hurt 80

About 80 people were injured in clashes between rival groups in Bangladesh on Tuesday as protesters blocked transport for the third day to try to force the removal of controversial election officials.
Published 15 Nov, 2006 12:00am
Chad orders gun clampdown as emergency takes effect

Chad orders gun clampdown as emergency takes effect

Chad imposed a crackdown on illegal firearms on Tuesday as a state of emergency took effect to curb ethnic violence that has killed hundreds of people and forced several thousand from their homes in the south-east.
Published 15 Nov, 2006 12:00am
Georgian leader seeks EU support on Russia

Georgian leader seeks EU support on Russia

Georgian President Mikhail Saakashvili appealed to the European Union on Tuesday for solidarity in his country's stand-off with Russia, telling EU lawmakers Georgians would not allow a repeat of Soviet history.
Published 15 Nov, 2006 12:00am
Two Vatican officials join concern over use of veil

Two Vatican officials join concern over use of veil

Two senior Vatican officials on Tuesday joined a growing list of European political and religious leaders expressing concern over the use of some Muslim veils by women immigrants.
Published 15 Nov, 2006 12:00am
Nations deny arming rival Somali factions

Nations deny arming rival Somali factions

Several nations on Tuesday denied charges in a UN-commissioned report that they are pouring weaponry into Somalia in violation of the world's most-ignored weapons ban.
Published 15 Nov, 2006 12:00am
Thousands of Nepali children missing: UN

Thousands of Nepali children missing: UN

Thousands of Nepali children separated from their families during a decade-old conflict between government forces and Maoist rebels remain missing, the United Nations Children's Fund (UNICEF) said.
Published 15 Nov, 2006 12:00am
Blair pushes Syria strategy

Blair pushes Syria strategy

British Prime Minister Tony Blair was expected to use a power shift in the United States to press home his view that Syria and Iran could be key to reducing bloodshed in Iraq. The prime minister gave testimony for about an hour on Tuesday to a US group ta
Published 15 Nov, 2006 12:00am
Tehran must play constructive role: White House

Tehran must play constructive role: White House

The United States does not need to adjust its attitude toward Iran, but rather Tehran must play a constructive role in the Middle East, the White House said on Tuesday.
Published 15 Nov, 2006 12:00am
Iran ready for talks if US changes attitude

Iran ready for talks if US changes attitude

Iran's president said on Tuesday he was ready to talk to the United States if there was a change of attitude in Washington, which faces pressure to deal directly with Tehran to help ease violence in Iraq.
Published 15 Nov, 2006 12:00am
Pentagon dismisses suit against Rumsfeld

Pentagon dismisses suit against Rumsfeld

A Pentagon spokesman dismissed as "frivolous" Tuesday a lawsuit calling on German prosecutors to open a war crimes investigation into US Defence Secretary Donald Rumsfeld for allegedly sanctioning torture.
Published 15 Nov, 2006 12:00am
Bush goes on Asia trip, first visit to Vietnam

Bush goes on Asia trip, first visit to Vietnam

President George W. Bush, politically weakened by US congressional elections, heads to Asia on Tuesday on a three-nation swing likely to be dominated by North Korea and his views on fighting Islamic militancy.
Published 15 Nov, 2006 12:00am
India and China in territory spat

India and China in territory spat

China reaffirmed its claim over a north-eastern Indian state bordering Tibet on Tuesday, sparking a diplomatic row between the Asian giants less than a week before Chinese President Hu Jintao visits New Delhi.
Published 15 Nov, 2006 12:00am
Mahathir leaves hospital

Mahathir leaves hospital

Former Malaysian premier Mahathir Mohamad left hospital on Tuesday after suffering a mild heart attack last week, as family and his supporters gathered to pray for his speedy recovery.
Published 15 Nov, 2006 12:00am
New government won't recognise Israel: Hamas

New government won't recognise Israel: Hamas

The ruling group Hamas said on Tuesday a planned Palestinian unity government would not recognise Israel or accept a two-state solution to the Middle East conflict as demanded by Israel and the United States.
Published 15 Nov, 2006 12:00am
Al Jazeera to open English-speaking channel

Al Jazeera to open English-speaking channel

Arabic television station Al Jazeera launches an English-speaking channel on Wednesday to report world news from a Middle East perspective and challenge the dominance of Western media.
Published 15 Nov, 2006 12:00am
Saudi Arabia plans 'security fence' along Iraq border

Saudi Arabia plans 'security fence' along Iraq border

Saudi Arabia will next year start work on a planned security fence stretching 900 km along its border with Iraq to prevent militants from entering Saudi Arabia, a minister said in comments published on Tuesday.
Published 15 Nov, 2006 12:00am
Indian rupee down

Indian rupee down

The Indian rupee extended losses into a third straight session on Tuesday, falling to its lowest in more than two weeks, as sustained central bank intervention forced large corporates to buy dollars.
Published 15 Nov, 2006 12:00am
Sterling falls against euro

Sterling falls against euro

Sterling hit a one-month low against the euro on Tuesday after weaker-than-expected British inflation data trimmed expectations that the Bank of England might raise interest rates beyond the current 5.00 percent.
Published 15 Nov, 2006 12:00am
Yen rises versus majors in London

Yen rises versus majors in London

The yen rose against the euro and dollar on Tuesday after data showed Japan's economy grew more than expected in the third quarter, keeping the Bank of Japan on track to raise interest rates in the next few months.
Published 15 Nov, 2006 12:00am
Notices issued

Notices issued

The Lahore High Court (LHC) has on Tuesday issued notices for December 5 to district government and Deputy Inspector General of Traffic Police in a petition filed against the action of lifting vehicles from different places of the city and fined them for
Published 15 Nov, 2006 12:00am
Market drifts wider as OTE sells bonds

Market drifts wider as OTE sells bonds

Greek telecoms operator OTE on Tuesday sold 1.5 billion euros ($1.9 billion) of a two-part bond, attracting around 5 billion euros of orders as the primary market took centre stage amid subdued secondary trading.
Published 15 Nov, 2006 12:00am
Market drifts wider as OTE sells bonds

Market drifts wider as OTE sells bonds

Greek telecoms operator OTE on Tuesday sold 1.5 billion euros ($1.9 billion) of a two-part bond, attracting around 5 billion euros of orders as the primary market took centre stage amid subdued secondary trading.
Published 15 Nov, 2006 12:00am
Tuesday''s late afternoon trade: Dow Jones hits all-time high

Tuesday''s late afternoon trade: Dow Jones hits all-time high

US stocks rose on Tuesday, sending the Dow Jones industrial average to an all-time high, as Wal-Mart Stores Inc''s stronger-than-expected profit and its plan for more price cuts boosted optimism about holiday spending.
Published 15 Nov, 2006 12:00am
Tuesday's late afternoon trade: Dow Jones hits all-time high

Tuesday's late afternoon trade: Dow Jones hits all-time high

US stocks rose on Tuesday, sending the Dow Jones industrial average to an all-time high, as Wal-Mart Stores Inc's stronger-than-expected profit and its plan for more price cuts boosted optimism about holiday spending.
Published 15 Nov, 2006 12:00am
Tuesday's late afternoon trade: Dow Jones hits all-time high

Tuesday's late afternoon trade: Dow Jones hits all-time high

US stocks rose on Tuesday, sending the Dow Jones industrial average to an all-time high, as Wal-Mart Stores Inc's stronger-than-expected profit and its plan for more price cuts boosted optimism about holiday spending.
Published 15 Nov, 2006 12:00am
Seoul shares hit six-month high

Seoul shares hit six-month high

Seoul shares ended above the 1,400-point level on Tuesday for the first time in six months as technology firms such as Samsung Electronics rose due to fading worries about 2007 profits and as oil prices declined.
Published 15 Nov, 2006 12:00am
UK's top share index lower

UK's top share index lower

Britain's FTSE 100 index closed a shade lower on Tuesday as positive corporate results and a bounce in oil and gas producers was offset by sluggish economic data from the United States.
Published 15 Nov, 2006 12:00am
USDA chief wants Congress to reshape farm supports

USDA chief wants Congress to reshape farm supports

Lawmakers rewriting US farm policy next year cannot ignore international legal challenges to the $20 billion-a-year farm support program, the government's top agriculture official said on Tuesday.
Published 15 Nov, 2006 12:00am
High gold prices, China curb Turk jewellery export

High gold prices, China curb Turk jewellery export

Turkey's gold jewellery sales to the United States during the Christmas season will suffer from a rise in gold prices and cheaper Chinese products, a leading Turkish gold jewellery exporter said on Tuesday.
Published 15 Nov, 2006 12:00am
Oil extends slide on mild US weather

Oil extends slide on mild US weather

Oil extended a two-day price slide on Tuesday as mild US weather cut heating oil demand in the world's top energy consumer. US crude settled down 30 cents to $58.28 a barrel, after falling $1.01 on Monday, while London Brent crude gave up 21 cents to sett
Published 15 Nov, 2006 12:00am
Russian firm to grow coffee in Colombia

Russian firm to grow coffee in Colombia

Russian agribusiness firm Energoagroresurs plans to increase output of elite Colombian coffee after buying a coffee plantation in the South American country, the firm's general director said on Tuesday.
Published 15 Nov, 2006 12:00am
New York cotton settles mixed

New York cotton settles mixed

Cotton futures finished mixed Tuesday on switch trade and covering in the spot month by small speculators, with more switch business seen since the spot contract goes into delivery next week, brokers said.
Published 15 Nov, 2006 12:00am
London sugar firmer

London sugar firmer

London white sugar futures closed firmer on Tuesday, with the market focused on expiry of the front-month December contract on Wednesday and traders anticipating a large delivery against the expiry, traders said.
Published 15 Nov, 2006 12:00am
Copper ends down

Copper ends down

Profit-taking returned to a very volatile market late on Tuesday after the previous day's sell-off with worries about slowing demand and rising copper stocks looming in the background, traders said. "We are still in a phase of profit-taking," a London Met
Published 15 Nov, 2006 12:00am
Gold lower, platinum pares losses

Gold lower, platinum pares losses

Gold prices drifted lower on Tuesday, taking cues from a shaky dollar, but analysts said they saw more upside for the metal in the coming weeks. Platinum pared losses after falling two percent as investors were encouraged by a report by Johnson Matthey, t
Published 15 Nov, 2006 12:00am
US MIDDAY: sugar easier

US MIDDAY: sugar easier

Raw sugar futures settled with small losses Tuesday due to sales by small speculators and the market appears pinned in a band for the moment although market fundamentals are decidedly bearish, brokers said.
Published 15 Nov, 2006 12:00am
US MIDDAY: wheat mostly lower

US MIDDAY: wheat mostly lower

Wheat futures at the Chicago Board of Trade were mostly lower at midsession on Tuesday on technical weakness and a slow pace of US wheat exports, traders said. But a surge in corn helped lift wheat off its early lows.
Published 15 Nov, 2006 12:00am
US MIDDAY: corn posts double-digit gains

US MIDDAY: corn posts double-digit gains

Corn futures on the Chicago Board of Trade surged sharply at midday Tuesday, with bellwether December up 11 cents, as widespread fund buying boosted prices, traders said.
Published 15 Nov, 2006 12:00am
US MIDDAY: copper edges higher

US MIDDAY: copper edges higher

Copper futures in New York edged higher at the open on Tuesday, buoyed by short covering and spread business as players concentrated on rolling positions out of December before it goes into delivery at month's end, floor dealers said.
Published 15 Nov, 2006 12:00am
US MIDDAY: soyabeans climb

US MIDDAY: soyabeans climb

Chicago Board of Trade soyabean futures climbed early on Tuesday as the soya/corn spread adjusted some, traders said. The current price relationship between the two commodities was encouraging farmers to plant a lot more corn next spring and fewer soyabea
Published 15 Nov, 2006 12:00am
US MIDDAY: gold gains

US MIDDAY: gold gains

US gold futures gained at the open on Tuesday, then extended their advance after declines in both US retail sales and producer prices hit the dollar, traders said.
Published 15 Nov, 2006 12:00am
Two hanged

Two hanged

Two condemned prisoners were hanged on Tuesday morning in District Jail Faisalabad in presence of local magistrate, jail staff and a medical officer. Their bodies were handed over to their relatives.
Published 15 Nov, 2006 12:00am
Pakistani industrialist gets international recognition

Pakistani industrialist gets international recognition

A Pakistani industrialist Iftikhar Ali Malik, who is also Chairman of Pak-US Business Council, has been given due recognition in the widely published latest edition of "The International Who's Who" 2006.
Published 15 Nov, 2006 12:00am
'Poverty main factor behind alarming rise in diabetes'

'Poverty main factor behind alarming rise in diabetes'

Health experts said that growing poverty, ignorance, and crumbling of healthcare sector due to rampant corruption and political nepotism were main factors behind alarming raise in cases of diabetes in Pakistan.
Published 15 Nov, 2006 12:00am
Kidney Centre symposium from November 25

Kidney Centre symposium from November 25

The Kidney Centre, Post Graduate Institute, is organising its first annual symposium under the theme, "Trainees today, our tomorrow: Empower future" on November 25 and 26 at local hotel.
Published 15 Nov, 2006 12:00am
Legality of CBR's circulars: a clarification

Legality of CBR's circulars: a clarification

The Central Board of Revenue has issued the following clarification regarding CBR's circulars with respect to Section 21(L) - Finance Act, 2006. Apropos to an article entitled "CBR's ultra vires Circulars" by Mr Muhammad Ashraf, published in Business R
Published 15 Nov, 2006 12:00am
Japan to expand its reach in Africa through TV

Japan to expand its reach in Africa through TV

By early next year, the West African country of Guinea will broadcast Japanese programs on its public television station, becoming the 17th African country to embark on a co-operation that has benefited a continent increasingly being courted by Asian inte
Published 15 Nov, 2006 12:00am
Saddam's sentence

Saddam's sentence

Is Saddam Hussain richly deserved the death sentence he received for atrocities in the pro American judiciary? But it would be a great mistake to carry out the sentence anytime soon in the present atmosphere of Iraq.
Published 15 Nov, 2006 12:00am