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Nov 25, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2006-12-04
AIDS, time to check it

AIDS, time to check it

MANY refugees workers are scattered all over Pakistan's cities, far away from home and families, makes them still more vulnerable. There are around 500,000 drug addicts in Pakistan, of whom around 60,000 inject drugs, according to official figures.
Published 04 Dec, 2006 12:00am
Video game violence goes straight to kids' heads

Video game violence goes straight to kids' heads

A study of adolescents finds that violent video games stir up the brain's emotional-response center while reducing activity in regions linked to self-control.
Published 04 Dec, 2006 12:00am
What's wrong with being fat? treatment options

What's wrong with being fat? treatment options

OBESITY has got its own medical problems. Apart from cosmetic appearances and social problems, obese persons can have diabetes, hypertension, cardiac problems, sleep apnoea, joint problems and back problems. All these problems become much more pronounced
Published 04 Dec, 2006 12:00am
HEALTH UPDATE: edible coatings kill food-borne microbes

HEALTH UPDATE: edible coatings kill food-borne microbes

Edible coatings containing oils from oregano and other sources can destroy food-borne microbes, enhancing the safety and shelf life of fresh food, according to a team of chemists at the University of Lleida in Spain and at the US Department of Agriculture
Published 04 Dec, 2006 12:00am
HEALTH UPDATE: poor memory could signal heart disease

HEALTH UPDATE: poor memory could signal heart disease

People who have poor memory and react slowly may face a higher risk of cardiovascular or respiratory disease, says a new study. Beverly Shipley and researchers of Edinburgh University surveyed the mental agility of over 6,400 people aged between 18 and 99
Published 04 Dec, 2006 12:00am
HEALTH UPDATE: stress may promote ageing of cells

HEALTH UPDATE: stress may promote ageing of cells

A new finding may explain how stress could ultimately lead to premature ageing. Chronic psychological stress is associated with accelerated shortening of the caps, called telomeres, on the ends of chromosomes in white blood cells - and thus hasten their d
Published 04 Dec, 2006 12:00am
Legal digital downloads set for a boost

Legal digital downloads set for a boost

After two years of falling sales, the music and video retail market is set for a boost as tech-savvy buyers embrace digital downloading, according to a report on Thursday by retail analysts.
Published 04 Dec, 2006 12:00am
California 'green tuners' clamour for plug-in cars

California 'green tuners' clamour for plug-in cars

Russell Long already owns a pair of fuel-efficient hybrid cars - a Toyota Prius and a Honda Civic - but his dream car is not on the market yet: a zippy number he could plug in to recharge at night that would get over 100 miles per gallon.
Published 04 Dec, 2006 12:00am
Indonesia Bakrie Telecom seeks $150 million loans

Indonesia Bakrie Telecom seeks $150 million loans

Indonesian budget mobile phone operator PT Bakrie Telecom Tbk is seeking $150 million in loans to finance its capital expenditure and to refinance debts, a local newspaper reported on December 01.
Published 04 Dec, 2006 12:00am
Concept shop series by Samsung

Concept shop series by Samsung

Samsung Electronics, the world's number 1 manufacturer of semiconductors and the world-wide digital information technology leader inaugurated its second Concept Shop in the Electronic Hub of the city.
Published 04 Dec, 2006 12:00am
New Zealand Telecom should form three business units

New Zealand Telecom should form three business units

Telecom Corp of New Zealand Ltd should form three units instead of its current two, a parliamentary committee said on November 28 in a report that stopped short of investors' worst-case scenario of a split-up of the company.
Published 04 Dec, 2006 12:00am
Longcheer sees growth slowdown

Longcheer sees growth slowdown

Chinese handset design firm Longcheer Holdings Ltd said on November 28 that it expects earnings growth to slow over the next few years, but expects orders in the current year to rise 33 percent.
Published 04 Dec, 2006 12:00am
Longcheer sees growth slowdown

Longcheer sees growth slowdown

Chinese handset design firm Longcheer Holdings Ltd said on November 28 that it expects earnings growth to slow over the next few years, but expects orders in the current year to rise 33 percent.
Published 04 Dec, 2006 12:00am
SK Telecom to invest on wireless networks

SK Telecom to invest on wireless networks

SK Telecom Co said on November 30 that it would invest 117 billion won ($125.8 million) to expand coverage of its wireless broadband service dubbed Wibro.
Published 04 Dec, 2006 12:00am
Indonesia's Indosat launches 3G services

Indonesia's Indosat launches 3G services

Indonesia's second largest telecoms firm, PT Indosat Tbk, launched third generation mobile phone services (3G) on November 29, the third company to offer the service in Southeast Asia's largest economy.
Published 04 Dec, 2006 12:00am
Russia MTS third quarter net profit $486 million

Russia MTS third quarter net profit $486 million

Russia's largest cell phone company Mobile TeleSystems (MTS) reported on November 29 that the best quarterly financial results in its history exceeding market expectations for the third quarter across the board.
Published 04 Dec, 2006 12:00am
China's ZTE wins order from India's Reliance

China's ZTE wins order from India's Reliance

China telecom equipment provider ZTE Corp has signed deals to supply 700 million dollars in telecommunications hardware to Indian conglomerate Reliance Industries, Chinese media reported on November 28.
Published 04 Dec, 2006 12:00am
Russia CenterTelecom places CLN

Russia CenterTelecom places CLN

Russian regional telecoms company CenterTelecom issued credit linked notes worth $115 million, Deutche Bank, the issue organiser, said in a statement on November 30.
Published 04 Dec, 2006 12:00am
In Short: first call on new phone network

In Short: first call on new phone network

The first stage of a project to build one of the world's most advanced telephone networks has been completed. The 21st century network (21CN) is being built in the UK using Internet Protocol technology, BBC Radio reported.
Published 04 Dec, 2006 12:00am
Wall Street to get single watchdog in merger

Wall Street to get single watchdog in merger

A single cop will police all brokerage firms in the United States starting in mid-2007 under a merger unveiled on November 28 between overlapping regulators, saving Wall Street tens of millions of dollars a year.
Published 04 Dec, 2006 12:00am
Daewoo wins $200 million contract in UAE

Daewoo wins $200 million contract in UAE

South Korea's Daewoo Electronics said on November 29 that it has won a 200 million dollar contract to build an electronics manufacturing facility in the United Arab Emirates.
Published 04 Dec, 2006 12:00am
Emirates sees no further delays in A380 deliveries

Emirates sees no further delays in A380 deliveries

Emirates the largest Arab airline, said on November 29 that it was confident there would be no further delays to deliveries of its A380 aircraft following an audit of planemaker Airbus.
Published 04 Dec, 2006 12:00am
Hilton to sign deal with India's DLF to build hotels

Hilton to sign deal with India's DLF to build hotels

US hotel group Hilton on November 28 said it will create a joint venture with India's leading real estate developer DLF to develop and own 75 hotels and serviced apartments in the next seven years.
Published 04 Dec, 2006 12:00am
One in five UK firms moving some business abroad: CBI

One in five UK firms moving some business abroad: CBI

One in five UK companies have relocated some of their activities overseas and a third are considering it because of gripes over tax, according to a poll by the Confederation of British Industry (CBI) published on November 27.
Published 04 Dec, 2006 12:00am
Citigroup aims to manage $40 billion in Gulf by 2012

Citigroup aims to manage $40 billion in Gulf by 2012

Citigroup Inc's private banking unit expects to be managing about $40 billion on behalf of wealthy Gulf Arabs within five years as it expands into Saudi Arabia and Kuwait, a senior regional executive said on November 28.
Published 04 Dec, 2006 12:00am
Siemens to focus on integrating deals

Siemens to focus on integrating deals

Fresh from a spate of health care deals totalling more than $7 billion, German conglomerate Siemens AG will take a break from mergers and acquisitions and focus instead on results, the chief of its medical division said on November 28.
Published 04 Dec, 2006 12:00am
BBC chairman moves to main commercial competitor

BBC chairman moves to main commercial competitor

The chairman of the BBC, Michael Grade, has resigned to take the top job at ITV, the public service broadcaster's main commercial competitor, both companies announced on November 28.
Published 04 Dec, 2006 12:00am
Euronext head courts TSE on global alliance

Euronext head courts TSE on global alliance

The head of pan-European stock market operator Euronext on November 29 invited the Tokyo Stock Exchange to form a three way tie-up with the New York Stock Exchange to offer seamless trading across three continents and the world's largest economies.
Published 04 Dec, 2006 12:00am
India approves Fiat, 16 other FDI plans

India approves Fiat, 16 other FDI plans

Italian auto maker Fiat Auto's plans to double its investment in its Indian unit have been approved by the Indian government, the finance ministry said on November 29. Fiat's proposal was among 17 foreign investment proposals worth 35.36 billion rupees ($
Published 04 Dec, 2006 12:00am
Wal-Mart's rivals likely to shine at its expense

Wal-Mart's rivals likely to shine at its expense

Wal-Mart dented optimism for the holiday retailing outlook last week with its cautious overview of November's sales, but investors should bank on hearing a different story from other chains.
Published 04 Dec, 2006 12:00am
Taiwan shares may extend gains on ample liquidity

Taiwan shares may extend gains on ample liquidity

Taiwan share prices are expected to extend gains into next week on continued ample liquidity as foreign investors keep pumping funds into the market, dealers said Friday.
Published 04 Dec, 2006 12:00am
Singapore shares set for firm trading path

Singapore shares set for firm trading path

Singapore shares are likely to trade on a firm note in the week ahead against the backdrop of the economy's strong performance, dealers said.
Published 04 Dec, 2006 12:00am
JGB futures hit nine-month high after soft CPI

JGB futures hit nine-month high after soft CPI

Japanese government bond futures soared to a nine-month high on Friday after soft data on Japanese consumer prices dampened speculation that the Bank of Japan will lift interest rates this month.
Published 04 Dec, 2006 12:00am
JGB futures hit nine-month high after soft CPI

JGB futures hit nine-month high after soft CPI

Japanese government bond futures soared to a nine-month high on Friday after soft data on Japanese consumer prices dampened speculation that the Bank of Japan will lift interest rates this month.
Published 04 Dec, 2006 12:00am
Growing economic concerns weigh on Wall Street

Growing economic concerns weigh on Wall Street

Wall Street's momentum turned negative over the past week as concerns mount about a US economic slowdown and retail sales ahead of the Christmas shopping season, analysts said. In the week to Friday, the Dow Jones Industrial Average blue chip index fell 0
Published 04 Dec, 2006 12:00am
Bangladesh interbank rates

Bangladesh interbank rates

Bangladesh interbank buy/sell rates for the taka against the dollar on Sunday. 69.35/70.30 (previous 68.30/69.75).
Published 04 Dec, 2006 12:00am
Malaysian shares to undergo correction

Malaysian shares to undergo correction

Malaysian share prices will undergo a correction next week as global oil prices are expected to pick up and surpass the 60-dollars per barrel mark, analysts said Friday.
Published 04 Dec, 2006 12:00am
Hong Kong shares likely to remain volatile

Hong Kong shares likely to remain volatile

Hong Kong stocks are expected to stay volatile next week but any losses will be limited by ample liquidity as investors are bullish about the economic outlook in China, dealers said Friday.
Published 04 Dec, 2006 12:00am
Jakarta shares seen rallying

Jakarta shares seen rallying

Indonesian shares are likely to continue their upward trend in the coming week following the announcement of benign inflation data Friday leading to hopes of a rate cut, analysts said.
Published 04 Dec, 2006 12:00am
Tokyo shares expected to post modest gains

Tokyo shares expected to post modest gains

Japanese shares are expected to benefit next week from optimism over local companies and lower expectations of imminent interest rate hikes but US economic data could cloud the picture, dealers said Friday.
Published 04 Dec, 2006 12:00am
Thai shares likely to rise further

Thai shares likely to rise further

Thai share prices are likely to rise further next week on expectations of a stronger baht and increasing oil prices, dealers said Friday.
Published 04 Dec, 2006 12:00am
Budget, BoE focus for London investors

Budget, BoE focus for London investors

Aside from US data and the dollar's performance, London share prices will take their lead next week from a pre-budget report by British finance minister Gordon Brown and the latest interest rate call by the Bank of England. On Friday, London's FTSE 100 in
Published 04 Dec, 2006 12:00am
Niger Muslims protest against women's rights bill

Niger Muslims protest against women's rights bill

Some 2,000 Muslim traditionalists in Niger staged a protest on Sunday against plans to ratify Africa's Maputo Protocol on women's rights, which has already been rejected by the West African country's parliament.
Published 04 Dec, 2006 12:00am
Saddam appeals death sentence

Saddam appeals death sentence

Lawyers for Saddam Hussein and two former aides sentenced to death lodged appeals on Sunday, the Iraqi chief prosecutor said, following a trial slammed by some human rights experts as unfair and flawed.
Published 04 Dec, 2006 12:00am
Taliban shoot down Nato helicopter

Taliban shoot down Nato helicopter

Afghanistan's Taliban rebels on Sunday said they had shot down a Nato-chartered helicopter missing in the south of the country with eight people on board. The civilian helicopter left Kandahar with supplies for bases around Uruzgan province on Saturday, b
Published 04 Dec, 2006 12:00am
One dead, 50 injured as Bangladesh blockade begins

One dead, 50 injured as Bangladesh blockade begins

One person died and 50 were injured as Bangladesh was paralysed by another opposition transport blockade Sunday as officials prepared for talks to try and resolve the crisis, police and an interim government spokesman said.
Published 04 Dec, 2006 12:00am
Lebanon government defiant, protesters keep up pressure

Lebanon government defiant, protesters keep up pressure

Tens of thousands of pro-Syrian protesters pressed on with a sit-in aimed at ousting Lebanon's Western-backed government on Sunday as the country's political crisis showed no sign of easing.
Published 04 Dec, 2006 12:00am
Olmert warns against Palestinian truce violations

Olmert warns against Palestinian truce violations

Prime Minister Ehud Olmert on Sunday warned Palestinian militants over continuing violations of a fragile truce with the Jewish state as Israel's security cabinet met to review the measure.
Published 04 Dec, 2006 12:00am
Arts contest at Alhamra

Arts contest at Alhamra

Punjab University (PU) will hold Inter-University Performing Arts competition from December 4 to 7, 2006 at Alhamra Cultural Complex Lahore.
Published 04 Dec, 2006 12:00am
Elahi meets Daniyal

Elahi meets Daniyal

Punjab Chief Minister Chaudhry Pervaiz Elahi in a meeting with Daniyal Aziz Chairman National Reconstruction Bureau here on Sunday said that due to visionary policies of President Pervez Musharraf, the Country had entered the era of development.
Published 04 Dec, 2006 12:00am
Free mental health camp from December 9

Free mental health camp from December 9

Mental Health Federation of Pakistan (MHFP) is organising a free treatment camp for poor patients suffering from mental illness, on Saturday December 9, at 6.B-I, Block H, Gulberg-II, near Sherpao Bridge.
Published 04 Dec, 2006 12:00am
LTC decides to encourage new development projects

LTC decides to encourage new development projects

Lyallpur Town Council (LTC) has decided to encourage new development projects through citizen community boards (CCBs). This was stated at a meeting of the Lyallpur Town Council held here with Naib Town Nazim Nadeem Sindhu.
Published 04 Dec, 2006 12:00am
Interest spread, inflation and saving rates-I

Interest spread, inflation and saving rates-I

The preceding few years have seen impressive financial and operating results from almost all the commercial banks in the country. Unmistakably, these across the board outstanding financial results are due to a range of comprehensive structural reforms tha
Published 04 Dec, 2006 12:00am
Rover's diary: homage to an outstanding journalist

Rover's diary: homage to an outstanding journalist

"Journalists, it has been said, write history in haste..... But does their work form part of history writing? The answer to this question would be positively yes, if we also keep in view another observation that a newspaper report is the first draft of hi
Published 04 Dec, 2006 12:00am
Unfair procedure of promotion

Unfair procedure of promotion

I would like to invite the attention of all readers as well the policy makers; specially the Establishment Division and the Services & General Administration Department towards an act of getting promotion which is totally unfair.
Published 04 Dec, 2006 12:00am
Opportunities for garment manufacturers

Opportunities for garment manufacturers

Garment manufacturers are constantly looking for market opportunities that are not being met in the fashion industry, particularly for high value items.
Published 04 Dec, 2006 12:00am
Student politics turn violent in divided Gaza

Student politics turn violent in divided Gaza

Voting for student government at Gaza City's Al-Azhar University was proceeding smoothly on a recent fall morning until a pushing match erupted outside a polling booth. Kalashnikovs appeared seemingly from nowhere as gunmen stormed onto campus.
Published 04 Dec, 2006 12:00am
Reality about Pakistan's textiles and its future

Reality about Pakistan's textiles and its future

I am not a writer, but since I have been reading a lot of reports, which are written by experienced reporters telling that the exporters are holding back shipments to get concessions from the Government, which is quite ludicrous, I am forced to write this
Published 04 Dec, 2006 12:00am
Chemical waste management

Chemical waste management

According to a report, the Environmental Protection Agency (EPA) is in the process of developing a national programme for the management of chemicals and chemical waste with the help of the UN Institute for Training and Research (UNITAR), UNDP and a Swiss
Published 04 Dec, 2006 12:00am
Concept clearance of dams

Concept clearance of dams

The concept clearance by the Central Development Working Party (CDWP) of Diamer-Bhasha, Kalabagh and Akhori dams marks a major step towards the implementation of these mega projects, because it fulfils an important precondition for seeking funding from in
Published 04 Dec, 2006 12:00am
Youth urged to acquire latest IT education

Youth urged to acquire latest IT education

Punjab Minister for Labour Rana Qasim Noon has said that since the world had been turned into a global village owing to the development of information technology, the youth of the country should acquire computer as well as latest information technology ed
Published 04 Dec, 2006 12:00am
PFSA seeks Musharraf's intervention: Paktel winding up business

PFSA seeks Musharraf's intervention: Paktel winding up business

Paktel Franchise & Subscribers Association (PFSA) has appealed to President Pervez Musharraf and Chairman of Pakistan Telecommunication Authority (PTA) to save two million subscribers and franchisers who had invested billions of rupees and take immediate
Published 04 Dec, 2006 12:00am
Dictatorship to be eliminated from country: PML-N

Dictatorship to be eliminated from country: PML-N

President Pakistan Muslim League-Nawaz (PML-N) and former MNA, Chaudhry Barjis Tahir has said that the meeting to be held in London on Monday under the chairmanship of Nawaz Sharif will prove to be the last nail in the coffin of dictatorship.
Published 04 Dec, 2006 12:00am
Prices range-bound on good supplies

Prices range-bound on good supplies

Rates were modestly changed in the wholesale commodity markets where changes were comparatively lower than the previous week, showing supplies were by and large smooth during the week ended on December 2, 2006.
Published 04 Dec, 2006 12:00am
Qudratullah laid to rest

Qudratullah laid to rest

The Namaz-e-Janaza of Qudratullah, Regional Commissioner of Income Tax (RCIT), Northern Region Islamabad, who passed away on Saturday, was held here on Sunday, which was largely attended by his colleagues, friends, batch-mates, relatives and people from v
Published 04 Dec, 2006 12:00am
Plan initiated for development of SMEs

Plan initiated for development of SMEs

Punjab government has initiated an action plan for the development of small and medium industries for ensuring strong industrial base in the Punjab. Official sources told Business Recorder here on Sunday that the step has been taken further acceler
Published 04 Dec, 2006 12:00am
Pakistan tops in UN troop contributors

Pakistan tops in UN troop contributors

With Pakistan topping the list of troop contributors, the UN peacekeeping deployment reached a historic high at the end of October, the UN Department of Peacekeeping Operations (DPKO) has reported.
Published 04 Dec, 2006 12:00am
LPG distributors body's office-bearers

LPG distributors body's office-bearers

Muhammad Irfan Khokhar has been re-elected as chairman of LPG Distributors Association Pakistan for the next four-year term. The Association members, through show of hands, also elected Rana Farooq as vice chairman and Rana Fahad as general secretary, at
Published 04 Dec, 2006 12:00am
Chief minister approves setting up of emergency centre

Chief minister approves setting up of emergency centre

Punjab Chief Minister has approved the project of setting up "Emergency Centre" in Sialkot at a cost of Rs 164 million and work on the project would be carried out soon, revealed Sialkot District Nazim Muhammad Akmal Cheema.
Published 04 Dec, 2006 12:00am
EU to launch free trade talks with Asian, LA nations

EU to launch free trade talks with Asian, LA nations

The European Commission is due to launch plans for a "new generation" of free trade agreements on Wednesday by seeking mandates for talks with ASEAN, South Korea and India as well as Andean and Central American countries.
Published 04 Dec, 2006 12:00am
Bangladesh airline Biman tenders to lease aircraft

Bangladesh airline Biman tenders to lease aircraft

Biman Bangladesh Airlines, bailed out by a government loan in September, said it plans to lease four aircraft so that it can reintroduce some routes it has had to cut for lack of airworthy planes.
Published 04 Dec, 2006 12:00am
Virgin Atlantic to test fuel-saving plan

Virgin Atlantic to test fuel-saving plan

Richard Branson's Virgin Atlantic [VA.UL] will start trialling a new plan aimed at cutting aviation emissions by towing aircraft to take-off areas at London airports this month, the airline said on Sunday.
Published 04 Dec, 2006 12:00am
Vietnam envoy to go online with WTO issues

Vietnam envoy to go online with WTO issues

A top diplomat will go online this week in the first of a series of Internet chats organised by the ruling Communist Party, the party's online newspaper said on Sunday. It said special envoy Vu Khoan would on Wednesday answer questions from readers about
Published 04 Dec, 2006 12:00am
Vodafone Group raises stake in Egypt subsidiary

Vodafone Group raises stake in Egypt subsidiary

Vodafone Group raised its majority stake in Vodafone Egypt on Sunday in a deal worth 1.15 billion Egyptian pounds ($201 million), the stock exchange and a company official said on Sunday.
Published 04 Dec, 2006 12:00am
Vodafone Group raises stake in Egypt subsidiary

Vodafone Group raises stake in Egypt subsidiary

Vodafone Group raised its majority stake in Vodafone Egypt on Sunday in a deal worth 1.15 billion Egyptian pounds ($201 million), the stock exchange and a company official said on Sunday.
Published 04 Dec, 2006 12:00am
Lufthansa not interested in Alitalia stake

Lufthansa not interested in Alitalia stake

German airline Lufthansa has no interest in taking a stake in Alitalia German newspaper Handelsblatt said on Sunday, quoting a member of Lufthansa's management board. "Taking a stake in Alitalia does not come into question for us for the moment," Thierry
Published 04 Dec, 2006 12:00am
Snowfall

Snowfall

The rainy spell and snowfall started in Northern Areas, Galliyat and Azad Kashmir, unleashing severe cold and frosty weather in the region. The rain and snowfall have also caused closure of several roads for traffic in the area.
Published 04 Dec, 2006 12:00am
Winter rains start in country

Winter rains start in country

Pakistan is in the grip of a strong westerly weather system which has resulted into wide spread rains and light to moderate snow over the mountains.
Published 04 Dec, 2006 12:00am
'Silent revolution unfolding in education sector'

'Silent revolution unfolding in education sector'

The three-day annual cardiac conference concluded at Convention Centre in Islamabad on Sunday. Chairman Higher Education Commission, Dr Atta-ur-Rehman, who was the chief guest on the occasion, underlined the need for improving the standard of educational
Published 04 Dec, 2006 12:00am
Former Balochistan chief secretary occupies house illegally

Former Balochistan chief secretary occupies house illegally

A former Chief secretary of Balochistan has forcibly occupied a house in 1-8/2 while living there as a tenant along with his family. The house lady owner was severely tortured and hurt when she demanded the family's to vacate the house.
Published 04 Dec, 2006 12:00am
Falah Foundation's work lauded

Falah Foundation's work lauded

Falah Foundation, working in earthquake-affected areas has earned a noteworthy repute with reference to relief and rehabilitation activities, by accomplishing the construction of 250 houses and reconstruction of 10 mosques in District Bagh of AJK.
Published 04 Dec, 2006 12:00am
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