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Print - 2007-02-05
Activity picked up on last day on short cotton crop report

Activity picked up on last day on short cotton crop report

Vacations have been taking tolls of normal trading in cotton as ginners should have been longing to let stock out lest import of cotton started. Monday and Tuesday all markets were closed and reopening session witnessed nothing very spectacular, except th
Published 05 Feb, 2007 12:00am
GST on old vehicle auction: FTO asks CBR for clear instructions

GST on old vehicle auction: FTO asks CBR for clear instructions

The Federal Tax Ombudsman, Justice Munir A Sheikh, has advised Secretary, Revenue Division/CBR to issue clear-cut instructions with regard to payment of 15 percent GST on auction/disposal of old vehicles, since there are contradictory directions of CBR on
Published 05 Feb, 2007 12:00am
GST on old vehicle auction: FTO asks CBR for clear instructions

GST on old vehicle auction: FTO asks CBR for clear instructions

The Federal Tax Ombudsman, Justice Munir A Sheikh, has advised Secretary, Revenue Division/CBR to issue clear-cut instructions with regard to payment of 15 percent GST on auction/disposal of old vehicles, since there are contradictory directions of CBR on
Published 05 Feb, 2007 12:00am
GST on old vehicle auction: FTO asks CBR for clear instructions

GST on old vehicle auction: FTO asks CBR for clear instructions

The Federal Tax Ombudsman, Justice Munir A Sheikh, has advised Secretary, Revenue Division/CBR to issue clear-cut instructions with regard to payment of 15 percent GST on auction/disposal of old vehicles, since there are contradictory directions of CBR on
Published 05 Feb, 2007 12:00am
No blanket sales tax relief for Pak-China investment company

No blanket sales tax relief for Pak-China investment company

The Central Board of Revenue (CBR) has expressed inability to grant blanket exemption of sales tax on imports being made by Pak-China Joint Investment Company for promotion of joint ventures between the two countries. Sources told Business Recorder </i
Published 05 Feb, 2007 12:00am
No blanket sales tax relief for Pak-China investment company

No blanket sales tax relief for Pak-China investment company

The Central Board of Revenue (CBR) has expressed inability to grant blanket exemption of sales tax on imports being made by Pak-China Joint Investment Company for promotion of joint ventures between the two countries. Sources told Business Recorder </i
Published 05 Feb, 2007 12:00am
No blanket sales tax relief for Pak-China investment company

No blanket sales tax relief for Pak-China investment company

The Central Board of Revenue (CBR) has expressed inability to grant blanket exemption of sales tax on imports being made by Pak-China Joint Investment Company for promotion of joint ventures between the two countries. Sources told Business Recorder </i
Published 05 Feb, 2007 12:00am
Withholding tax exemption on steel items causing huge revenue loss

Withholding tax exemption on steel items causing huge revenue loss

The massive misuse of withholding tax exemption on import of iron and steel products by industrial consumers has resulted in huge revenue loss, which has forced the commercial importers to close their business due to steep decline in imports.
Published 05 Feb, 2007 12:00am
Withholding tax exemption on steel items causing huge revenue loss

Withholding tax exemption on steel items causing huge revenue loss

The massive misuse of withholding tax exemption on import of iron and steel products by industrial consumers has resulted in huge revenue loss, which has forced the commercial importers to close their business due to steep decline in imports.
Published 05 Feb, 2007 12:00am
Withholding tax exemption on steel items causing huge revenue loss

Withholding tax exemption on steel items causing huge revenue loss

The massive misuse of withholding tax exemption on import of iron and steel products by industrial consumers has resulted in huge revenue loss, which has forced the commercial importers to close their business due to steep decline in imports.
Published 05 Feb, 2007 12:00am
Kashmiri groups urged to declare temporary truce

Kashmiri groups urged to declare temporary truce

The All Parties Hurriyat Conference (APHC) on Sunday urged freedom fighters, fighting Indian occupation in the Himalayan region to declare a temporary ceasefire to help resolve a decades-old dispute which has killed tens of thousands.
Published 05 Feb, 2007 12:00am
Kashmiri groups urged to declare temporary truce

Kashmiri groups urged to declare temporary truce

The All Parties Hurriyat Conference (APHC) on Sunday urged freedom fighters, fighting Indian occupation in the Himalayan region to declare a temporary ceasefire to help resolve a decades-old dispute which has killed tens of thousands.
Published 05 Feb, 2007 12:00am
Bullish trend prevails on LSE

Bullish trend prevails on LSE

Foreign buying, international funds positive reports about Pakistan's positive economic outlook as well as hopes of corporate earnings kept the local share market in a bullish frame of mind in the preceding week comprising only three sessions, due to Ashu
Published 05 Feb, 2007 12:00am
Bullish trend prevails on LSE

Bullish trend prevails on LSE

Foreign buying, international funds positive reports about Pakistan's positive economic outlook as well as hopes of corporate earnings kept the local share market in a bullish frame of mind in the preceding week comprising only three sessions, due to Ashu
Published 05 Feb, 2007 12:00am
Philippine central bank to hike capital on dollar trades-sources

Philippine central bank to hike capital on dollar trades-sources

The Philippine central bank plans to raise banks' long US dollar positions to a pre-Asian crisis ratio of 20 percent of unimpaired capital as part of reforms to liberalise the foreign exchange market, banking sources said on Sunday.
Published 05 Feb, 2007 12:00am
Key world powers take advantage of weak currencies

Key world powers take advantage of weak currencies

Three of the world's leading economic powers, China, Japan and the United States, are taking advantage of their weak currencies to spur exports and finance deficits. "China's growth strategy is based on an under-valued currency," says Evariste Lefeuvre, a
Published 05 Feb, 2007 12:00am
Three die in tribal clash

Three die in tribal clash

Three persons, including two real brothers, were killed and four others injured when Kalhoro and Mirani tribes clashed at Mahisro near here on Sunday. An armed group of Kalhoro tribe opened fire on two real brothers Abdul Sami Mirani (22) and Zamir Ahmed
Published 05 Feb, 2007 12:00am
Three die in tribal clash

Three die in tribal clash

Three persons, including two real brothers, were killed and four others injured when Kalhoro and Mirani tribes clashed at Mahisro near here on Sunday. An armed group of Kalhoro tribe opened fire on two real brothers Abdul Sami Mirani (22) and Zamir Ahmed
Published 05 Feb, 2007 12:00am
Americans' savings rate drops to Depression era-low

Americans' savings rate drops to Depression era-low

Americans spent more than they earned last year as the economy steamed ahead, pushing the personal savings rate to negative 1.0 percent, the deepest hole since the Great Depression of the 1930s.
Published 05 Feb, 2007 12:00am
Efforts on to augment telecom services in Balochistan

Efforts on to augment telecom services in Balochistan

Provision of telecom access to Balochistan has always been a challenge because of its terrain and scattered population. The factors such as less affordability and non-availability of electricity are the main impediments for development of telecom in the p
Published 05 Feb, 2007 12:00am
Efforts on to augment telecom services in Balochistan

Efforts on to augment telecom services in Balochistan

Provision of telecom access to Balochistan has always been a challenge because of its terrain and scattered population. The factors such as less affordability and non-availability of electricity are the main impediments for development of telecom in the p
Published 05 Feb, 2007 12:00am
Efforts on to augment telecom services in Balochistan

Efforts on to augment telecom services in Balochistan

Provision of telecom access to Balochistan has always been a challenge because of its terrain and scattered population. The factors such as less affordability and non-availability of electricity are the main impediments for development of telecom in the p
Published 05 Feb, 2007 12:00am
One killed, 8 wounded in Indian occupied Kashmir blast

One killed, 8 wounded in Indian occupied Kashmir blast

A Kashmiri freedom fighter was killed when a grenade, which he was planning to throw at a security patrol, exploded in his hand in a crowded street in Indian Occupied Kashmir on Sunday, police said. Eight other people were also wounded in the explosion wh
Published 05 Feb, 2007 12:00am
Rs 864 million given to cooperative victims

Rs 864 million given to cooperative victims

Punjab Minister for Co-operatives Colonel Malik Anwar (Retd) has said that the government, with the cooperation of National Accountability Bureau (NAB), has distributed cheques of Rs 864 million among 7,929 cooperative scam victims during the year 2006.
Published 05 Feb, 2007 12:00am
Rs 864 million given to cooperative victims

Rs 864 million given to cooperative victims

Punjab Minister for Co-operatives Colonel Malik Anwar (Retd) has said that the government, with the cooperation of National Accountability Bureau (NAB), has distributed cheques of Rs 864 million among 7,929 cooperative scam victims during the year 2006.
Published 05 Feb, 2007 12:00am
Half a billion Asians crammed into urban slums: aid group

Half a billion Asians crammed into urban slums: aid group

Asian countries must strive to provide decent housing for more than half a billion urban slum dwellers left behind by the region's robust but uneven economic growth, an international aid group said.
Published 05 Feb, 2007 12:00am
China and US eye Pakistan's textile industry

China and US eye Pakistan's textile industry

The Pakistan Cotton Ginners' Association (PCGA) released its fortnightly cotton arrival and disposal figures up to 31st January, 07 on last Saturday. According to this report, total arrivals are reported at 11,928,506 local weight bales, total sales (mill
Published 05 Feb, 2007 12:00am
China and US eye Pakistan's textile industry

China and US eye Pakistan's textile industry

The Pakistan Cotton Ginners' Association (PCGA) released its fortnightly cotton arrival and disposal figures up to 31st January, 07 on last Saturday. According to this report, total arrivals are reported at 11,928,506 local weight bales, total sales (mill
Published 05 Feb, 2007 12:00am
China and US eye Pakistan''s textile industry

China and US eye Pakistan''s textile industry

The Pakistan Cotton Ginners'' Association (PCGA) released its fortnightly cotton arrival and disposal figures up to 31st January, 07 on last Saturday. According to this report, total arrivals are reported at 11,928,506 local weight bales, total sales (mil
Published 05 Feb, 2007 12:00am
China and US eye Pakistan''''s textile industry

China and US eye Pakistan''''s textile industry

The Pakistan Cotton Ginners'''' Association (PCGA) released its fortnightly cotton arrival and disposal figures up to 31st January, 07 on last Saturday. According to this report, total arrivals are reported at 11,928,506 local weight bales, total sales (m
Published 05 Feb, 2007 12:00am
Six kids killed in rail accident

Six kids killed in rail accident

Six children, resident of Basti Gharib Abad near railway situation Bahawalpur, were killed on Sunday while crossing the railway line. According to police sources, six children namely Asif, Zahid, Amir, Shan, Zafar and Saeed were playing near railway line.
Published 05 Feb, 2007 12:00am
Six kids killed in rail accident

Six kids killed in rail accident

Six children, resident of Basti Gharib Abad near railway situation Bahawalpur, were killed on Sunday while crossing the railway line. According to police sources, six children namely Asif, Zahid, Amir, Shan, Zafar and Saeed were playing near railway line.
Published 05 Feb, 2007 12:00am
President to be re-elected in uniform: Pervaiz

President to be re-elected in uniform: Pervaiz

Punjab Chief Minister Chaudhry Pervaiz Elahi has urged the people to re-elect General Pervez Musharraf as president in uniform as he has strengthened the country in every sector and improved its image in the world. He said that President Pervez Musharraf
Published 05 Feb, 2007 12:00am
R&D cell set up

R&D cell set up

In line with Central Board of Revenue (CBR)'s reform initiatives, a research & development centre has been established at the Regional Tax Office, Lahore, which will be supervised by Chaudhry Safdar Hussain, additional commissioner, Departmental Represent
Published 05 Feb, 2007 12:00am
Seminary students refuse to vacate library building

Seminary students refuse to vacate library building

Girl students of Jamia Hafsa have categorically refused to vacate Modern Children Library unless the government rebuilds the mosques demolished by the authorities concerned in the federal capital.
Published 05 Feb, 2007 12:00am
IBTA inspectors visit PIMS blood bank

IBTA inspectors visit PIMS blood bank

A team of inspectors of the newly established Islamabad Blood Transfusion Authority (IBTA) has carried out an inspection for the registration of the Blood Bank of Pakistan Institute of Medical Sciences (PIMS).
Published 05 Feb, 2007 12:00am
Women rights workshop held

Women rights workshop held

A one-day workshop to raise awareness in women about their legal rights were organised by Mufad-e-Niswan Trust in co-ordination with Pakistan Women Lawyers Association in Shah Faisal Town on Sunday.
Published 05 Feb, 2007 12:00am
MMA's single party cannot take decision: Fazl

MMA's single party cannot take decision: Fazl

Muttahida Majlis-e-Amal Secretary General and leader of opposition in National Assembly, Fazlur-Rehman has said that single party cannot take decision about boycotting assembly session, and added that all decisions would be taken from MMA platform.
Published 05 Feb, 2007 12:00am
Setting up of SDA's governing body ordered

Setting up of SDA's governing body ordered

Sindh Minister for Local Government, Katchi Abadies and Special Development, Muhammad Hussain Khan has directed formation of Governing Body of Sehwan Development Authority (SDA) so as to accelerate the pace of various development projects, specially in ho
Published 05 Feb, 2007 12:00am
MMA holds 'save Kashmir' rally today

MMA holds 'save Kashmir' rally today

The Muttahida Majlis-e-Amal (MMA) will hold "Save Kashmir Rally" here on Monday to express solidarity with the people of Kashmir. The main objective of the rally on Kashmir Solidarity Day is to express solidarity with the Kashmiri people particularly in I
Published 05 Feb, 2007 12:00am
Students asked to acquire professional level education

Students asked to acquire professional level education

Principal Officer US Consulate in Lahore, Bryan D Hunt, on Sunday urged upon the Pakistani students to acquire skills up to professional level in commerce, business and technical sectors to contribute significantly to the national economy.
Published 05 Feb, 2007 12:00am
7,000 small industrial units planned

7,000 small industrial units planned

The Punjab government will establish 7,000 small industrial units in the province, which would help overcome unemployment and poverty problem. Provincial Minister for Public Health Engineering, Sardar Hassan Akhtar Moakal said this while addressing a func
Published 05 Feb, 2007 12:00am
'Afaq' trained 30,000 teachers

'Afaq' trained 30,000 teachers

'Afaq', an amalgam of five educational channels, including Islami Nizamat Taleem Pakistan, Al Ghazali Trust, Hira Foundation, Red Crescent and Green Crescent, has imparted training to 30,000 teachers working in 4,000 institutions in the country.
Published 05 Feb, 2007 12:00am
PIA completes post-Haj operations

PIA completes post-Haj operations

The Pakistan International Airlines (PIA) announced the very successful completion of the post-Haj Operations on Sunday. With this, the entire Haj Operation, both pre and post, was completed flawlessly, says a PIA press release. The post-Haj Operations re
Published 05 Feb, 2007 12:00am
Problem of 'ghost teachers' exists on limited scale

Problem of 'ghost teachers' exists on limited scale

The problem of 'ghost teachers' exists even in the city of Karachi but on a limited scale. This was pointed out by the Executive District Officer (EDO) Education, City District Government Karachi (CDGK), Ms. Fakhar Karim.
Published 05 Feb, 2007 12:00am
Registration for desert jeep rally from February 6

Registration for desert jeep rally from February 6

The registration of adventure-hungry drivers would begin from February 6 for participation in third annual Cholistan desert jeep rally to be held on March 9-11 near Derawar Fort, Bahawalpur.
Published 05 Feb, 2007 12:00am
Rawalpindi district government warns profiteers, adulterators

Rawalpindi district government warns profiteers, adulterators

The District government has taken strict notice of the profiteers and sub-standard commodities being sold in Sasta Bazaars of the metropolis besides directing the Administrator Market Committee to keep strong check on these bazaars.
Published 05 Feb, 2007 12:00am
Clash of civilisation around the corner: scholar

Clash of civilisation around the corner: scholar

Noted scholar, ex-chief adviser to late Khan-e-Azam Kalat Ahmed Yar Khan and Founder of Association of Coloured People of the World Khan Muhammad Hussain Khan has said that the clash of civilisation is around the corner.
Published 05 Feb, 2007 12:00am
'Aquatic pollution hits fish production'

'Aquatic pollution hits fish production'

Director General Fisheries Punjab, Dr Muhammad Ayub has said that aquatic pollution has adversely effected fish production in natural water bodies of the province and this shortage can be made up only through fish farming.
Published 05 Feb, 2007 12:00am
PML leader shot dead in Faisalabad

PML leader shot dead in Faisalabad

A PML leader was shot dead over an old rivalry near Awaghat on Jaranwala-Faisalabad road here on Sunday. Jaranwala Police said former UC Nazim and PML Jaranwala secretary-general, Mian Saleem, was going from Chak 65-GB in his car to drop his two children
Published 05 Feb, 2007 12:00am
All set to observe Kashmir Day in Sialkot

All set to observe Kashmir Day in Sialkot

All arrangements have been finalised to express solidarity with Kashmiri brethren who are struggling for their rights of self-determination for the last six decades.
Published 05 Feb, 2007 12:00am
Free medical camp

Free medical camp

A three-day free eye camp was held here with the co-operation of "the Society for the prevention and cure of Blindness". More than 1000 eye patients attended OPD. The eye camp will continue for 3 days. It is expected that due to heavy rush of patients cam
Published 05 Feb, 2007 12:00am
Four held with illegal weapons

Four held with illegal weapons

Bannu police in its drive against anti-social elements arrested four and recovered three klashnikoves, one pistol and 46 cartridges from them.
Published 05 Feb, 2007 12:00am
'Underpass to be constructed at Muslim Town'

'Underpass to be constructed at Muslim Town'

Punjab Minister for Communication and Works, Chaudhry Zaheer-ud-Din Khan has said that underpass would be constructed at Muslim Town to reduce traffic pressure at Ferozepur Road.
Published 05 Feb, 2007 12:00am
Sultan doubts Indian sincerity over Kashmir solution

Sultan doubts Indian sincerity over Kashmir solution

Former AJK prime minister Sultan Mehmood Chaudhry on Sunday asked Indian leaders to honour their commitment made before the world community and grant right to self-determination to the Kashmiri people in accordance with the United Nations Security Council
Published 05 Feb, 2007 12:00am
PPP and PML (N) agree to revive 'true democracy'

PPP and PML (N) agree to revive 'true democracy'

Pakistan Muslim League (Nawaz) and Pakistan People's Party have agreed on formation of an impartial interim government so that the coming general election could be made transparent, PPP acting chief Amin Faheem said after meeting Nawaz Sharif in London.
Published 05 Feb, 2007 12:00am
PPP and PML (N) agree to revive 'true democracy'

PPP and PML (N) agree to revive 'true democracy'

Pakistan Muslim League (Nawaz) and Pakistan People's Party have agreed on formation of an impartial interim government so that the coming general election could be made transparent, PPP acting chief Amin Faheem said after meeting Nawaz Sharif in London.
Published 05 Feb, 2007 12:00am
PML-N to hold Kashmir rally today

PML-N to hold Kashmir rally today

Pakistan Muslim League-Nawaz (PML-N), federal capital chapter would hold Kashmir Solidarity rally on Monday (February 5) in order to express solidarity with the people of Kashmir.
Published 05 Feb, 2007 12:00am
Activity picked up on last day on short cotton crop report

Activity picked up on last day on short cotton crop report

Vacations have been taking tolls of normal trading in cotton as ginners should have been longing to let stock out lest import of cotton started. Monday and Tuesday all markets were closed and reopening session witnessed nothing very spectacular, except th
Published 05 Feb, 2007 12:00am
Hill wants 'good beginning' at North Korea nuclear talks

Hill wants 'good beginning' at North Korea nuclear talks

Chief US nuclear envoy Christopher Hill called Sunday for a "good beginning" at upcoming six-party talks on dismantling North Korea's atomic weapons programme. Hill has been in Seoul since Saturday to confer with senior South Korean officials to flesh out
Published 05 Feb, 2007 12:00am
What use a complaint?

What use a complaint?

Last week my Sui gas meter was damaged due to construction work. I registered my complaint at the emergency centre of Sui Southern Gas Company. They have given me complaint number.
Published 05 Feb, 2007 12:00am
More terrorist onslaughts expected?

More terrorist onslaughts expected?

Alas! The moment to wash this blood from our eyes is still not in sight. Am I being a pessimist forecasting more blood in the country? I wish I am proved wrong. But the rational being in me torments me with realistic outlook. Believe me I hate this.
Published 05 Feb, 2007 12:00am
The rising crime levels in South Africa

The rising crime levels in South Africa

As hundreds squeezed into a schoolhouse in KwaZulu-Natal for the funeral of slain historian David Rattray, South Africans were struggling to comprehend why the country's crime levels resembled that of a war zone.
Published 05 Feb, 2007 12:00am
Asghar demands recovery of money distributed among politicians

Asghar demands recovery of money distributed among politicians

Veteran politician and chief of Tehrik-e-Istiqlal, Air Marshal Mohammad Asghar Khan (retd) on Sunday demanded of the government to recover the amount allegedly distributed among the politicians by Inter Services Intelligence (ISI) while forming Islami Jam
Published 05 Feb, 2007 12:00am
15 killed, 24 hurt in various road mishaps

15 killed, 24 hurt in various road mishaps

Fifteen persons were killed, while two dozen injured in various road accidents. In first accident, three persons, including a woman, were killed and five others sustained injuries in an accident on Rajana Road, Samundri. According to details, a wagon carr
Published 05 Feb, 2007 12:00am
Musharraf's diplomatic skill raises Middle East peace hopes

Musharraf's diplomatic skill raises Middle East peace hopes

Amid the worsening Middle East situation, President Pervez Musharraf's diplomatic initiative has raised hopes for a strong collective push by the Muslim world for peace and harmony. Setting aside his pressing engagements at the domestic front, President M
Published 05 Feb, 2007 12:00am
Shujaat and Pervaiz visit Fazl, Akram in hospital

Shujaat and Pervaiz visit Fazl, Akram in hospital

Pakistan Muslim League President Shujaat Hussain and Punjab Chief Minister Pervaiz Elahi here on Sunday inquired about the health of Fazl-ur-Rehman and NWFP Chief Minister Akram Durrani. They remained with them for some time and prayed for their early rec
Published 05 Feb, 2007 12:00am
Musharraf and Shaukat stress just Kashmir solution for peace

Musharraf and Shaukat stress just Kashmir solution for peace

President General Pervez Musharraf has stated his four-point proposal on Kashmir, combined with sincerity and goodwill, which could provide a durable solution to break the decades-old deadlock over the dispute of Jammu and Kashmir.
Published 05 Feb, 2007 12:00am
Action against defiant milk sellers ordered

Action against defiant milk sellers ordered

The District Coordination Officer Karachi, Fazlur Rehman, has vowed that the milk in city would sell Rs 28 per liter as suggested by the committee formed by the CDGK.
Published 05 Feb, 2007 12:00am
Maximum funds for treatment of cancer assured

Maximum funds for treatment of cancer assured

Punjab Health Minister, Chaudhry Muhammad Iqbal has said that provincial government is implementing a comprehensive plan to provide better healthcare facilities to the people in the province.
Published 05 Feb, 2007 12:00am
Culture clash in Malaysian switched-at-birth drama

Culture clash in Malaysian switched-at-birth drama

Raised as a Muslim but teased about his Chinese looks, Zulhaidi Omar always felt out of place growing up in an ethnic Malay family, so much so that when he was 13 he walked out of his home.
Published 05 Feb, 2007 12:00am
18 Colombian miners die after explosion

18 Colombian miners die after explosion

Explosions in a Colombian coal mine killed at least 18 workers in the north-eastern province of Norte de Santander on Saturday, and another 13 were trapped underground and feared dead, an official said on Sunday. "There were 31 men in the mine at the time
Published 05 Feb, 2007 12:00am
Gaza rivals pull back, free some hostages

Gaza rivals pull back, free some hostages

Gunmen began withdrawing from Gaza's streets, some hostages were released and many shops reopened on Sunday as a shaky ceasefire appeared to be taking hold in factional fighting between Hamas and Fatah, residents said.
Published 05 Feb, 2007 12:00am
Bush offers Democrats olive branch on Iraq war

Bush offers Democrats olive branch on Iraq war

After US intelligence painted a grim picture of George W. Bush's plan for Iraq and as a congressional rebuke loomed, the US president sought bipartisan help from Democrats on bringing the war to an end.
Published 05 Feb, 2007 12:00am
Singapore shares may scale higher

Singapore shares may scale higher

Singapore share prices could scale higher in the week ahead amid continued upbeat sentiment after the US Federal Reserve kept interest rates steady, dealers said.
Published 05 Feb, 2007 12:00am
Hong Kong shares to trade in narrow range

Hong Kong shares to trade in narrow range

Hong Kong share prices may trade in a narrow range next week being held back by continued worries that China may impose new measures to cool its economy and markets, dealers said Friday.
Published 05 Feb, 2007 12:00am
Federal Reserve helps Wall Street find its legs

Federal Reserve helps Wall Street find its legs

Wall Street's rally is back on track after reassuring words from the Federal Reserve and data backing the central bank's premise that the US economy is accelerating with modest inflation pressure.
Published 05 Feb, 2007 12:00am
Australian shares tipped to set new records

Australian shares tipped to set new records

Australian shares are expected to continue their record-breaking run next week as interest rates remain on hold, but analysts on Friday warned a short-term correction was also on the cards.
Published 05 Feb, 2007 12:00am
UK stock market may seek to extend gains

UK stock market may seek to extend gains

The London stock market, trading close to a six-year peak, will seek to extend gains next week amid an interest rate decision and a fresh batch of company earnings.
Published 05 Feb, 2007 12:00am
Bangladeshi interbank rates

Bangladeshi interbank rates

Bangladesh Interbank buy/sell rates for the taka against the dollar on Sunday. 69.01/69.05 (previous 69.01/69.08).
Published 05 Feb, 2007 12:00am
Thai shares likely to rise on improved sentiment

Thai shares likely to rise on improved sentiment

Thai stocks will likely rise next week on improved sentiment after Wall Street hit new highs and the Federal Reserve suggested the US economy was on track, analysts said Friday.
Published 05 Feb, 2007 12:00am
WHO warns against false sense of security on bird flu

WHO warns against false sense of security on bird flu

A World Health Organisation spokesman on Sunday warned that European nations must not be lulled into a false sense of security about bird flu, following an outbreak among poultry in a British farm.
Published 05 Feb, 2007 12:00am
Mahathir nominated for Nobel Peace Prize

Mahathir nominated for Nobel Peace Prize

Bosnian groups have nominated Malaysia's former premier Mahathir Mohamad for the 2007 Nobel Peace Prize for helping the country after its bloody civil war, the Star newspaper reported Sunday. It said that he was nominated by four civil groups in Bosnia sp
Published 05 Feb, 2007 12:00am
Attacking Iran would be a disaster

Attacking Iran would be a disaster

Military action against Iran would have disastrous consequences, according to a report released on Monday by a coalition of British-based think-tanks, faith groups and others who urged a new diplomatic push to avert conflict.
Published 05 Feb, 2007 12:00am
Sri Lanka marks independence day with new peace offer

Sri Lanka marks independence day with new peace offer

Sri Lanka marked its independence anniversary Sunday with President Mahinda Rajapakse inviting Tiger rebel proxies in parliament to join his effort to end decades of ethnic bloodshed.
Published 05 Feb, 2007 12:00am
Nigeria confirms release of nine Chinese workers

Nigeria confirms release of nine Chinese workers

Nine Chinese oil workers kidnapped last month in the restive southern Nigerian state of Bayelsa were freed early Sunday, a senior government official involved in the deal told AFP.
Published 05 Feb, 2007 12:00am
Tokyo shares likely to remain firmer

Tokyo shares likely to remain firmer

Japanese stocks are likely to firm in the coming week, but investors will become increasingly cautious ahead of a Group of Seven meeting that may take up the weak yen, dealers said on Friday.
Published 05 Feb, 2007 12:00am
Open Nallah

Open Nallah

Clifton Block -5 Nallah is definitely not only a health hazard for residents of the vicinity, but this open Nallah speaks volumes about the neglect of local health department and administration staff of local area Nazim.
Published 05 Feb, 2007 12:00am
Iran daily banned for 'insulting' article

Iran daily banned for 'insulting' article

An Iranian newspaper failed to publish on Sunday amid media reports that it had been banned for an "insulting article" which its editor said had unintentionally offended Sunni Muslims. Iran, which is overwhelmingly Shi'ite Muslim, is wary of any move that
Published 05 Feb, 2007 12:00am