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Print - 2007-03-06
France not seeking to block WTO talks: Villepin

France not seeking to block WTO talks: Villepin

Prime Minister Dominique de Villepin said on Monday France did not want to block troubled global trade talks but sought to introduce some "common sense". Villepin, speaking during a visit to the French farm show, also said agriculture should not be used a
Published 06 Mar, 2007 12:00am
HSBC profit rises

HSBC profit rises

HSBC Holdings, Europe's biggest bank, reported a 5 percent rise in 2006 pretax profit to a record $22.1 billion on Monday but it suffered a $10.6 billion hit for bad debts after problems in its US mortgage lending.
Published 06 Mar, 2007 12:00am
HSBC profit rises

HSBC profit rises

HSBC Holdings, Europe's biggest bank, reported a 5 percent rise in 2006 pretax profit to a record $22.1 billion on Monday but it suffered a $10.6 billion hit for bad debts after problems in its US mortgage lending.
Published 06 Mar, 2007 12:00am
US court rejects appeal by former Worldcom chief executive

US court rejects appeal by former Worldcom chief executive

The Supreme Court said on Monday that it rejected an appeal by former WorldCom Inc. Chief Executive Bernard Ebbers, who was convicted of orchestrating an $11 billion accounting fraud that led to the largest US bankruptcy.
Published 06 Mar, 2007 12:00am
Venezuela to pay Total, BP $262 million for seized oil

Venezuela to pay Total, BP $262 million for seized oil

Venezuela will pay oil majors Total and BP $262 million for the Jusepin oil field it seized from them in April last year, a government official who asked not to be named told Reuters on Monday.
Published 06 Mar, 2007 12:00am
Wen stresses green growth, rural welfare

Wen stresses green growth, rural welfare

China will do more to save energy and cut pollution in 2007 while striving to keep its economy humming following four straight years of double-digit growth, Premier Wen Jiabao said on Monday.
Published 06 Mar, 2007 12:00am
PSA International 2006 net profit up 14.3 percent

PSA International 2006 net profit up 14.3 percent

Singapore-based global port operator PSA International said Monday its 2006 net profit rose 14.3 percent, boosted by exceptional gains and record shipping container volumes. Revenue came in at 3.74 billion dollars, up 1.6 percent from the previous year.
Published 06 Mar, 2007 12:00am
PSA International 2006 net profit up 14.3 percent

PSA International 2006 net profit up 14.3 percent

Singapore-based global port operator PSA International said Monday its 2006 net profit rose 14.3 percent, boosted by exceptional gains and record shipping container volumes. Revenue came in at 3.74 billion dollars, up 1.6 percent from the previous year.
Published 06 Mar, 2007 12:00am
Germany to start biomass fuel output in 2007

Germany to start biomass fuel output in 2007

Germany's Choren Industries will launch the country's first commercial producer of second generation biofuels in the autumn and will select the site for a second, larger plant in the coming weeks, the firm said on Wednesday.
Published 06 Mar, 2007 12:00am
Madrid had no hand in Enel-Endesa tie-up: minister

Madrid had no hand in Enel-Endesa tie-up: minister

The Spanish government had no hand in moves last week by Italian energy group Enel to buy a stake in Spanish peer Endesa, Spanish Finance Minister Pedro Solbes told Spanish newspaper Expansion in comments reported on Monday.
Published 06 Mar, 2007 12:00am
Volkswagen chief set for Scania supervisory board

Volkswagen chief set for Scania supervisory board

Volkswagen's new chief executive is set to take over as head of the supervisory board of Swedish truck maker Scania in a new phase in the plans for a three-way tie-up with German group MAN, the Wall Street Journal reported on Monday.
Published 06 Mar, 2007 12:00am
Porsche revises upwards first-half profits

Porsche revises upwards first-half profits

Porsche, the German maker of luxury sports cars, revised upwards Monday its figures for earnings in the six-month period to January. Porsche, which runs its business year from August to July, said it had booked after-tax profit of 1.144 billion euros (1.5
Published 06 Mar, 2007 12:00am
Northern Marianas sinks further into debt

Northern Marianas sinks further into debt

The Northern Marianas continues to be weighed down by a mountain of debt, and would fall about 30 million dollars short of budget forecasts this year, officials said Monday. The cash-strapped US territory has been struggling for more than a year because o
Published 06 Mar, 2007 12:00am
Eurozone exposes national economic problems

Eurozone exposes national economic problems

Eight years after the launch of the euro, citizens in the 13 states using the common European currency are enjoying the fastest growth in six years, lots of new jobs, very low inflation and low interest rates. By many measures, that looks like a huge succ
Published 06 Mar, 2007 12:00am
Chile's economy grows 4.6 percent

Chile's economy grows 4.6 percent

Chile's economy grew 4.6 percent in January, accelerating from December as it got a boost from mining activity as well as the nation's retail and financial services sectors. The result was in line with the expectations of a Reuters poll of six economists,
Published 06 Mar, 2007 12:00am
South Korea adamant that rice be excluded from free trade talks

South Korea adamant that rice be excluded from free trade talks

South Korea said Monday it remains adamant in its demand that rice be excluded from ongoing free trade talks with the United States. An eighth round of the negotiations, which began in June last year, is scheduled to open in Seoul on Thursday. The deadlin
Published 06 Mar, 2007 12:00am
China eyes bank loans in market fever

China eyes bank loans in market fever

China's banking regulator will investigate a sudden spike in consumer loans and other bank credit believed to be fuelling speculation on the nation's stock market, state press said Monday. Chinese authorities are concerned that market fever on the mainlan
Published 06 Mar, 2007 12:00am
SocGen eyes China private banking market

SocGen eyes China private banking market

French lender Societe Generale, looking to tap surging wealth in Asia, aims to enter China's nascent private banking market as part of the firm's broader push into the booming country, a top executive said.
Published 06 Mar, 2007 12:00am
Australian stocks end down

Australian stocks end down

Australian share prices closed down 2.29 percent on Monday as the aftershocks of last week's global sell-off continued to rattle investors, dealers said. The SP/ASX 200 closed down 132.4 points at 5,653.6, while the broader All Ordinaries index dropped 13
Published 06 Mar, 2007 12:00am
Taiwan shares sag

Taiwan shares sag

Taiwan shares slumped 3.74 percent on Monday to a more than three-month closing low, paced by TSMC, after Taiwan's President ratcheted up talks of independence from China.
Published 06 Mar, 2007 12:00am
Jakarta stocks end 3.5 percent lower

Jakarta stocks end 3.5 percent lower

The key Jakarta stock index finished 3.5 percent lower on Monday, its deepest loss in nearly two months, on concerns over the US economy and as Indonesian shares tracked losses in other Asian markets.
Published 06 Mar, 2007 12:00am
Chinese shares drop 1.6 percent

Chinese shares drop 1.6 percent

Chinese shares closed down 1.6 percent on Monday, led by blue chips and tracking losses in Hong Kong and other markets, but ended well above their intraday low, boosted by officials' comments at the start of a parliamentary session.
Published 06 Mar, 2007 12:00am
Seoul stocks score biggest loss

Seoul stocks score biggest loss

Seoul shares dropped 2.7 percent on Monday, scoring their biggest fall in nearly nine months, with foreign investors retreating from South Korean blue chips such as POSCO as an aversion to risk continues to pound global markets.
Published 06 Mar, 2007 12:00am
JGBs surge as Nikkei slumps

JGBs surge as Nikkei slumps

Japanese government bonds charged higher on Monday, with benchmark futures climbing towards a three-month peak, as investors took their cues from falls in Asian shares and a rally in US Treasuries.
Published 06 Mar, 2007 12:00am
JGBs surge as Nikkei slumps

JGBs surge as Nikkei slumps

Japanese government bonds charged higher on Monday, with benchmark futures climbing towards a three-month peak, as investors took their cues from falls in Asian shares and a rally in US Treasuries.
Published 06 Mar, 2007 12:00am
Malaysian stocks fall

Malaysian stocks fall

Malaysian share prices closed 4.64 percent lower on Monday, the worst performer of regional markets which were sold-off heavily again in the aftermath of last week's rout, dealers said. They said anxiety on regional markets returned after Wall Street's bi
Published 06 Mar, 2007 12:00am
Philippines shares plunge

Philippines shares plunge

Philippines share prices closed 4.54 percent lower on Monday after uncertainty in world-wide equity markets sparked another round of broad-based selling, dealers said. They said Manila tracked the weakness in global markets after Wall Street tumbled again
Published 06 Mar, 2007 12:00am
Hong Kong stocks slip four percent

Hong Kong stocks slip four percent

Hong Kong blue chips sank 4 percent on Monday - their biggest one-day percentage drop since late 2003 - amid a global sell-off spurred by concerns about the US economy and as a stronger yen suggested that carry trades may be unravelling.
Published 06 Mar, 2007 12:00am
Markets closed

Markets closed

Thailand's financial markets were closed for a national holiday on Monday. Trading will resume on Tuesday.
Published 06 Mar, 2007 12:00am
Indian shares weaken

Indian shares weaken

Indian share prices plunged 3.66 percent on Monday in line with other Asian bourses after a big drop on Wall Street last week that led overseas funds to sell, dealers said. They said foreign hedge funds had sold heavily on concerns over a weaker yen again
Published 06 Mar, 2007 12:00am
Singapore shares tumble 3.13 percent

Singapore shares tumble 3.13 percent

Singapore share prices closed 3.13 percent lower on Monday, reflecting similar steep losses across regional equities markets as the heavy sell-off continued into a second week, dealers said. They added share prices are expected to remain depressed due to
Published 06 Mar, 2007 12:00am
Tokyo shares mark new low for 2007

Tokyo shares mark new low for 2007

The Nikkei average fell 3.34 percent on Monday, marking its biggest one-day tumble in nine months and a new low for 2007, as investors continued to dump shares in exporters such as Toyota Motor Corp and Canon Inc following the yen's rise.
Published 06 Mar, 2007 12:00am
Indian rupee skids to 2007 low

Indian rupee skids to 2007 low

The Indian rupee fell to its lowest level in 2007 against the dollar on Monday, after another slide in local stocks sparked fears of capital outflows.
Published 06 Mar, 2007 12:00am
Swiss franc rises versus euro

Swiss franc rises versus euro

The Swiss franc rose against the euro and the dollar but tumbled against the yen on Monday in a nervous market still on edge over falling stock markets.
Published 06 Mar, 2007 12:00am
Yen strikes three-month high

Yen strikes three-month high

The yen surged across the board on Monday, striking a three-month high against the dollar as another wave of investors rushed to reverse bets against the Japanese currency with the market still anxious over tumbling global stock markets.
Published 06 Mar, 2007 12:00am
Asian currencies hit multi-month lows

Asian currencies hit multi-month lows

Most Asian currencies hit multi-month lows on Monday as risk aversion prevailed amid fresh selling in global equities and an unwinding of yen carry trades. The Chinese yuan and Singapore dollar underpinned by local factors bucked the regional trend and we
Published 06 Mar, 2007 12:00am
Hong Kong dollar weakens

Hong Kong dollar weakens

The Hong Kong dollar fell against the US dollar on Monday and the discount on local dollar forwards hit multi-month highs, triggered by weakness in the city's stock market. The domestic currency was trading at 7.8143/49 to the US dollar, having touched an
Published 06 Mar, 2007 12:00am
Chinese yuan eases

Chinese yuan eases

China's yuan closed lower against the dollar on Monday as weakness in the stock market spurred selling and erased gains fuelled by renewed official pledges of currency reform, dealers said. The yuan closed at 7.7500 to the dollar, weakening from Friday's
Published 06 Mar, 2007 12:00am
Hewitt plots return to top 10 after Las Vegas victory

Hewitt plots return to top 10 after Las Vegas victory

Lleyton Hewitt returned to the winners' circle for the first time in eight months at the Las Vegas Open on Sunday and said he felt it was only a matter of time before he got back into the world's top 10.
Published 06 Mar, 2007 12:00am
World Cup Cricket website launched

World Cup Cricket website launched

Federal Minister for Communications, Muhammad Shamim Siddiqui, has launched a new website (http://Worldcup.Cricpoint.Com) for World Cup Cricket 2007 by Kalia Group at a local hotel here, says a press release issued on Monday.
Published 06 Mar, 2007 12:00am
Lara believes West Indies finally have what it takes

Lara believes West Indies finally have what it takes

West Indies captain Brian Lara believes his team have what it takes to go all the way in what he is sure will be a tightly contested World Cup. "It is going to be very close and very competitive," Lara told reporters at the team's opening news conference
Published 06 Mar, 2007 12:00am
Under-pressure skippers set for first tests

Under-pressure skippers set for first tests

Rahul Dravid, Inzamam-ul-Haq and Ricky Ponting take their first tentative World Cup steps on Tuesday against teams destined to be amongst the whipping boys of the 2007 tournament.
Published 06 Mar, 2007 12:00am
Tevta annual sports from today

Tevta annual sports from today

The third annual sports of Technical Education and Vocational Training Authority (Tevta) will get underway here at its Secretariat from Tuesday (March 6).
Published 06 Mar, 2007 12:00am
Pakistan to show good results in World Cup: Nasim

Pakistan to show good results in World Cup: Nasim

Chairman Pakistan Cricket Board Dr Nasim Ashraf has expressed the hope that Pakistan team would show good results in the ICC World Cup 2007 even without pacers Shoaib Akhtar and Mohammad Asif.
Published 06 Mar, 2007 12:00am
Saddam aide Aziz blames Iran for gas attack

Saddam aide Aziz blames Iran for gas attack

Former Iraqi Deputy Prime Minister Tareq Aziz on Monday told a court trying six former aides of Saddam Hussein for genocide that Iran, not Iraq, was to blame for a 1988 gas attack that killed thousands of Kurds.
Published 06 Mar, 2007 12:00am
Copenhagen squatter building demolished after riots

Copenhagen squatter building demolished after riots

Demolition crews under police protection on Monday began tearing down a Copenhagen youth centre after three days of rioting sparked by the eviction of squatters from the building. Almost 650 people have been arrested during the disturbances that rocked th
Published 06 Mar, 2007 12:00am
Kuwaiti politicians urge reform after latest crisis

Kuwaiti politicians urge reform after latest crisis

Politicians in Kuwait called on Monday for urgent action following the fall of the government after just eight months in office, the latest damaging crisis to rock the oil-rich Gulf state.
Published 06 Mar, 2007 12:00am
Afghan opium crop set to grow

Afghan opium crop set to grow

Afghanistan's opium crop could increase again this year after production of the illicit drug saw a record 50 percent jump in 2006, the United Nations warned on Monday.
Published 06 Mar, 2007 12:00am
Two Australians held in India murder

Two Australians held in India murder

Two Australians of Indian origin were arrested Monday in the resort state of Goa on charges of murdering a waiter at a beachside eatery, a senior police official told AFP.
Published 06 Mar, 2007 12:00am
Israeli minister delays Egypt trip

Israeli minister delays Egypt trip

An Israeli cabinet minister has put off a trip to Egypt, where public outrage has flared over media charges that a unit he led in the 1967 Middle East war may have killed 250 captured Egyptian soldiers, an aide said on Monday.
Published 06 Mar, 2007 12:00am
Czech Prime Minister not to block EU charter, sees long talks

Czech Prime Minister not to block EU charter, sees long talks

Czech Prime Minister Mirek Topolanek pledged on Monday not to block talks on reviving a European Union constitution, but warned negotiations could drag on as his government may need time to debate a compromise.
Published 06 Mar, 2007 12:00am
Protests in East Timor after raid on army rebel

Protests in East Timor after raid on army rebel

Thousands of angry supporters of East Timor rebel leader Alfredo Reinado burnt tyres and threw stones in the capital on Monday to protest against a raid by international troops on the fugitive's hideout.
Published 06 Mar, 2007 12:00am
Saudi Arabia in new push to resolve Lebanon crisis

Saudi Arabia in new push to resolve Lebanon crisis

Saudi Arabia's ambassador to Beirut held a round of meetings with Lebanese leaders on Monday after Riyadh and Tehran agreed at a rare summit to work together to resolve Lebanon's political crisis.
Published 06 Mar, 2007 12:00am
China slams independence talk from Taiwan

China slams independence talk from Taiwan

China slammed Taiwan President Chen Shui-bian's intensified talk of independence on Monday, saying anyone who sought a split from China would be a "criminal in history".
Published 06 Mar, 2007 12:00am
EU still stuck on green fuels target

EU still stuck on green fuels target

European Union foreign ministers failed to agree on Monday whether to set binding targets for the use of green renewable energy sources, setting up a potential clash when the bloc's leaders meet this week.
Published 06 Mar, 2007 12:00am
Palestinians to unveil new cabinet next week

Palestinians to unveil new cabinet next week

Palestinian prime minister-designate Ismail Haniya said on Monday that he expected to unveil a new government made up of his Hamas faction and the moderate Fatah party by the end of next week.
Published 06 Mar, 2007 12:00am
European Commission sets next Quartet meeting

European Commission sets next Quartet meeting

The next meeting of the international Quartet for the Middle East will take place in late March or early April, EU External Relations Commissioner Benita Ferrero-Waldner said Monday.
Published 06 Mar, 2007 12:00am
US and North Korea set to talk under nuclear deal

US and North Korea set to talk under nuclear deal

US and North Korean negotiators start talks on Monday aimed at eventually normalising diplomatic ties as part of a agreement under which Pyongyang has pledged to scrap its nuclear arms programs for aid.
Published 06 Mar, 2007 12:00am
Japan won't apologise again for WW2 sex slaves: Prime Minister

Japan won't apologise again for WW2 sex slaves: Prime Minister

Prime Minister Shinzo Abe said on Monday that Japan would not apologise again for forcing women, mostly Asians, to act as wartime sex slaves for its soldiers even if US lawmakers adopt a resolution calling for an apology.
Published 06 Mar, 2007 12:00am
Iran's atomic defiance sets it apart: ElBaradei

Iran's atomic defiance sets it apart: ElBaradei

Iran's persistent failure to clear up concerns about its nuclear activities after concealing them for almost 20 years sets it apart from all other nations, the UN atomic watchdog chief said on Monday.
Published 06 Mar, 2007 12:00am
Indian state shuts down after assassination of MP

Indian state shuts down after assassination of MP

Supporters of a federal MP killed by Maoist rebels attacked vehicles, blocked roads and shut businesses in Jharkhand Monday as police pursued the assassins in the eastern Indian state.
Published 06 Mar, 2007 12:00am
Iran's nuclear plans hurt investment: IMF

Iran's nuclear plans hurt investment: IMF

Iran's near-term economic prospects look favourable but tensions over its nuclear plans have had some impact on private investment and are a threat to growth, the International Monetary Fund said on Monday.
Published 06 Mar, 2007 12:00am
Sterling falls against majors

Sterling falls against majors

Sterling fell more than one percent against the yen and hit a 7-month trough versus the euro on Monday as investors rushed to exit risky carry trades.
Published 06 Mar, 2007 12:00am
Yen rises in London

Yen rises in London

The yen rose two percent against the euro on Monday and extended a rally to a three-month high versus the dollar as edgy investors unloaded risky carry trades in the face of tumbling stock markets.
Published 06 Mar, 2007 12:00am
Bond indices suffer amid equity sell-off

Bond indices suffer amid equity sell-off

The cost of default insurance on the iTraxx Crossover index rose sharply again on Monday as falling equities and concern over rising Japanese interest rates dampened investor demand for corporate debt.
Published 06 Mar, 2007 12:00am
Bond indices suffer amid equity sell-off

Bond indices suffer amid equity sell-off

The cost of default insurance on the iTraxx Crossover index rose sharply again on Monday as falling equities and concern over rising Japanese interest rates dampened investor demand for corporate debt.
Published 06 Mar, 2007 12:00am
Monday's early afternoon trade: Dow flat; S&P, Nasdaq fall

Monday's early afternoon trade: Dow flat; S&P, Nasdaq fall

The Dow was flat as bargain hunters bought some defensive large-cap stocks, while the S&P 500 and the Nasdaq fell on Monday as the latest round of the global equity sell-off gave investors a reason to avoid risk. Declining stocks outnumbered advancing sto
Published 06 Mar, 2007 12:00am
UK's top share index down

UK's top share index down

Britain's top share index ended 0.9 percent lower on Monday, led by declines in British Airways shares as UK stocks followed the general global decline in equities. The FTSE 100 ended down 0.94 points, or 57.5 percent at 6,058.7, having passed below the 6
Published 06 Mar, 2007 12:00am
New York cotton futures barely lower

New York cotton futures barely lower

Cotton futures finished lower Monday on speculative fund sales caused by a sell-off in other markets, but trade buying pared losses and players now await a US government crop report this week, brokers said. New York Board of Trade's May cotton contract cl
Published 06 Mar, 2007 12:00am
Base metals plummet

Base metals plummet

Base metals fell sharply on Monday as jittery investors reduced their exposure to riskier assets after losses deepened on world stock markets. "Base metals prices continue to bear the brunt of macro-economic concerns and uncertain sentiment," Barclays Cap
Published 06 Mar, 2007 12:00am
Oil down two percent

Oil down two percent

Oil prices dropped more than 2 percent on Monday after a slide on Asian and European stock markets sparked concerns that oil demand could falter. US crude settled $1.57 lower at $60.07 a barrel, after trading as low as $59.55. London Brent crude settled d
Published 06 Mar, 2007 12:00am
London sugar down

London sugar down

London benchmark sugar futures closed down almost two percent on speculative and fund selling on Monday, reversing gains made on Friday, dealers said. May settled down $6.50 or 1.86 percent at $342.50 per tonne in volume of 4,010 lots, after trading from
Published 06 Mar, 2007 12:00am
Gold tumbles to six-week low in London

Gold tumbles to six-week low in London

Gold tumbled to its lowest in six weeks on Monday as the carnage on equity markets infected sentiment for the precious metal and investors sold to cover their losses, analysts said. South Africa's Anglogold Ashanti lost 3.7 percent, while New York-listed
Published 06 Mar, 2007 12:00am
Margalla Towers victims demand compensation

Margalla Towers victims demand compensation

Victims of Margalla Tower said on Monday that they would not accept any compensating package, which is less than Rs three billion. The victims spokesman Iftikhar Chaudhry told Business Recorder here that the file pertaining to the compensation for
Published 06 Mar, 2007 12:00am
Tremors felt in Hazara division

Tremors felt in Hazara division

An earthquake of mild intensity, measuring 4.0 on the international richter scale, was felt at Mansehra, Balakot and Alaie areas late on Sunday night.
Published 06 Mar, 2007 12:00am
DIGs to be posted as CPOs

DIGs to be posted as CPOs

Senior police officers in rank of Deputy Inspector General (DIG) will be posted as City Police Officers in Rawalpindi, Multan, Faisalabad and Gujranwala soon. According to police department sources, in these four cites one S.S.P operations and one S.S.P i
Published 06 Mar, 2007 12:00am
Faisalabad-Multan motorway project put in cold storage

Faisalabad-Multan motorway project put in cold storage

The project of Faisalabad-Multan motorway via Jhang was put in cold storage by the bureaucracy, which wanted to keep the southern Punjab backward. The funds allocated for this project were transferred to Lahore-Sialkot motorway while the traffic flow on M
Published 06 Mar, 2007 12:00am
KSE's independent directors

KSE's independent directors

This refers to an incisive and eye opening article by Mr Khalil Ahmad under the title "How independent are KSE's independent directors" in Business Recorder of February 28.
Published 06 Mar, 2007 12:00am
The damaged Gulistan-e-Jouhar

The damaged Gulistan-e-Jouhar

All main roads, streets and footpaths are lying broken, cracked and badly damaged in the whole of Gulistan-e-Jouhar, Karachi. A few portions of which have been deeply digged, trees unearthed and footpath bulldozed for laying sewerage lines and the whole o
Published 06 Mar, 2007 12:00am
Security bottlenecks snarl up US-Canada trade

Security bottlenecks snarl up US-Canada trade

The Canada-US border stretches a full 8,891 km (5,525 miles), touches three oceans and is a crossing point for a trading relationship worth C$1.6 billion ($1.4 billion) a day. But with much of the trade dependent on just a few key crossings linking the no
Published 06 Mar, 2007 12:00am
Banks see big future in small loans in India

Banks see big future in small loans in India

Microlenders have been helping farmers buy a buffalo and women set up weaving businesses for nearly three decades in India, most successfully in the wealthier southern states. Now, rapid economic growth and the entry of more foreign banks and private equi
Published 06 Mar, 2007 12:00am
Trade for peace and development in South Asia

Trade for peace and development in South Asia

Trade as exchange of goods and services is a necessary condition for increasing peoples' choices and wellbeing in a world, which is essentially an interdependent workplace. Under certain conditions, notwithstanding, this is 'trade' which can potentially b
Published 06 Mar, 2007 12:00am
Need to ensure safety of skyscrapers

Need to ensure safety of skyscrapers

Speaking as chief guest at the inaugural ceremony of Bagh-e-Ibn-e-Qasim, a modern park in Clifton area of Karachi, President Pervez Musharraf also gave the tidings of construction of a 1947 feet high building in the metropolis, one of the tallest in the w
Published 06 Mar, 2007 12:00am
Invitation to Baloch militants

Invitation to Baloch militants

Appeasement would be too unfair a word to use for the offer President Pervez Musharraf made to the Baloch militants the other day in Sibi. He had said: "They too are our Pakistani brethren but at the moment they are misguided. I urge them to leave the pat
Published 06 Mar, 2007 12:00am
Lions' Club to spend Rs 703.5 million on welfare work

Lions' Club to spend Rs 703.5 million on welfare work

The District Governor, Pakistan Lions' Club International, Mohammad Afzal Sipra, has said that the Lions' Club will spend an amount of Rs 3.5 million for the restoration of eyesight of as many as 100 blind people during the year while 100 houses worth Rs
Published 06 Mar, 2007 12:00am
Lahore Nazim vows speedy completion of projects

Lahore Nazim vows speedy completion of projects

District Nazim Lahore Mian Amer Mahmood has asked the concerned authorities to allocate a plot for establishing a dispensary at Tajpura Housing Scheme. He also urged to prepare an estimate for the construction of building on a plot, which already reserved
Published 06 Mar, 2007 12:00am
Rs 7.6 million being spent on 4 Auqaf projects: minister

Rs 7.6 million being spent on 4 Auqaf projects: minister

The Punjab Auqaf department is spending an amount of Rs 7.6 million on the execution of four different developmental schemes in Bahawalpur zone for reconstruction/renovation of shrines to increase income.
Published 06 Mar, 2007 12:00am
Rs 3.94 billion being spent on uplift projects in Sialkot

Rs 3.94 billion being spent on uplift projects in Sialkot

Sialkot district government is spending about Rs 3.945 billion for different development projects in the district. This was stated by the District Nazim Muhammad Akmal Cheema while talking to newsmen here on Sunday.
Published 06 Mar, 2007 12:00am
'Billions of rupees being spent to end backwardness, poverty'

'Billions of rupees being spent to end backwardness, poverty'

The National Assembly Speaker Chaudhry Amir Hussain has said that all democratic institutions are functioning successfully, and the parliament will complete its constitutional tenure for the first time in the history of the country.
Published 06 Mar, 2007 12:00am
Steps taken to reduce poverty: Zubaida

Steps taken to reduce poverty: Zubaida

Federal Social Welfare and Special Education Minister Zubaida Jalal has said that steps have been taken to reduce the poverty, aimed at providing solid footing to the poor segment of the society.
Published 06 Mar, 2007 12:00am
'Efforts on to protect women's rights'

'Efforts on to protect women's rights'

Federal Social Welfare and Special Education Minister Zubaida Jalal has said the government is making all out efforts to protect the rights of womenfolk through legislation in the country.
Published 06 Mar, 2007 12:00am
Industrial data bank in Punjab planned

Industrial data bank in Punjab planned

Punjab government has made a programme to establish a data bank of the industries in the province, and all information regarding each industry in rural and urban areas will be available therein. This was stated by Punjab Industries Minister Muhammad Ajmal
Published 06 Mar, 2007 12:00am
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