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Print - 2007-03-14
Argentina 'very close' to Paris Club deal

Argentina 'very close' to Paris Club deal

Argentina is "very close" to reaching an agreement to restructure its $6.3 billion debt with the Paris Club, Cabinet Chief Alberto Fernandez said on Tuesday. Argentina wants to renegotiate the Paris Club debt, which is a remnant from the country's 2001-02
Published 14 Mar, 2007 12:00am
Citigroup raises Nikko Cordial bid to $13.4 billion

Citigroup raises Nikko Cordial bid to $13.4 billion

Citigroup unveiled an increased 13.4-billion-dollar take-over bid for the scandal-tainted Japanese securities firm Nikko Cordial Tuesday in an effort to win over sceptical shareholders.
Published 14 Mar, 2007 12:00am
Opec shrugs off call for more supply

Opec shrugs off call for more supply

Opec oil supply cuts are achieving their goal of balancing the market and steadying prices, ministers and officials said on Tuesday, shrugging off the International Energy Agency's call for more Opec oil. The Organisation of the Petroleum Exporting Countr
Published 14 Mar, 2007 12:00am
US budget deficit rises to record $120 billion in February

US budget deficit rises to record $120 billion in February

The US budget deficit widened to $120 billion in February, a record for the month, but the cumulative deficit for the first five months of fiscal 2007 fell 26 percent from the same period last year, the US Treasury Department said on Monday.
Published 14 Mar, 2007 12:00am
Chinese stocks continue upward trend

Chinese stocks continue upward trend

China's main stock index edged up 0.33 percent on Tuesday, gaining for the sixth straight day, but many blue chips were soft and traders expect substantial profit-taking around the 3,000-point level. The Shanghai Composite Index closed at 2,964.794, off a
Published 14 Mar, 2007 12:00am
Singapore shares sag

Singapore shares sag

Singapore share prices closed 0.75 percent lower on Tuesday as investors consolidated their positions following five straight sessions of gains, dealers said. The Straits Times Index retreated 23.78 points to 3,158.90. Volume was 1.30 billion shares worth
Published 14 Mar, 2007 12:00am
Hong Kong stocks decline

Hong Kong stocks decline

Hong Kong blue chips fell 0.6 percent and China plays snapped a five-session gaining streak on Tuesday as investors booked profits in mainland financials following their recent rebound. "We're seeing a bit of a breather before the market finds its focus a
Published 14 Mar, 2007 12:00am
US shares finish firmer

US shares finish firmer

US stocks advanced on Monday, helped by deal news, cheaper oil and positive broker comments on the chip sector. Among acquisitions, private equity group Kohlberg Kravis Roberts & Co said it would buy discount retailer Dollar General Corp for about $6.9 bi
Published 14 Mar, 2007 12:00am
Thai stocks close slightly higher

Thai stocks close slightly higher

Thai share prices closed 0.42 percent higher on Tuesday, led by gains in energy-linked stocks while the broader market was kept in check by a lack of fresh leads and a mixed regional performance, dealers said. The Stock Exchange of Thailand (SET) composit
Published 14 Mar, 2007 12:00am
Growing US subprime woes lift bond prices

Growing US subprime woes lift bond prices

US Treasury debt prices rose on Monday as strains in the subprime mortgage industry heightened demand for US government bonds, which carry lower risk than other fixed-income securities.
Published 14 Mar, 2007 12:00am
Growing US subprime woes lift bond prices

Growing US subprime woes lift bond prices

US Treasury debt prices rose on Monday as strains in the subprime mortgage industry heightened demand for US government bonds, which carry lower risk than other fixed-income securities.
Published 14 Mar, 2007 12:00am
Malaysian shares dip

Malaysian shares dip

Malaysian share prices closed 0.27 percent lower on Tuesday following losses in regional markets, especially in Japan, dealers said. They said the losses could be signalling that the market is ripe for a consolidation after its recent gains.
Published 14 Mar, 2007 12:00am
Jakarta stocks rally

Jakarta stocks rally

Indonesian share prices closed 0.16 percent higher on Tuesday, led partly by mining firms, but profit-taking capped the rise, dealers said. The Jakarta Stock Exchange composite index added 2.880 points at 1,797.402, off a high of 1,798.623 and low of 1,78
Published 14 Mar, 2007 12:00am
Philippines shares make gains

Philippines shares make gains

Philippines share prices closed 1.82 percent higher on Tuesday, extending gains to a third day on the back of a supportive Wall Street performance overnight, dealers said. Investors picked up bargains but trading volumes remained light, suggesting many we
Published 14 Mar, 2007 12:00am
Nikkei ends three-day rise in quiet trade

Nikkei ends three-day rise in quiet trade

The Nikkei average snapped a three-day winning streak on Tuesday, slipping 0.66 percent in quiet trade as exporters such as Sony Corp lost ground on continued concern about the outlook for the US market. Nikko Cordial Corp jumped more than 6 percent after
Published 14 Mar, 2007 12:00am
New Zealand stocks up

New Zealand stocks up

New Zealand share prices closed 0.43 percent higher on Tuesday but sentiment remained relatively cautious following recent volatility in world markets, dealers said. The benchmark NZX-50 index rose 17.59 points to 4,105.72 on turnover of 145.9 million dol
Published 14 Mar, 2007 12:00am
Bangladesh interbank forex, interest rates

Bangladesh interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Tuesday. 68.99/69.00 (previous 69.00/69.00). Call Money Rates: 6.50-10.00 percent (previous 6.50-10.00 percent).
Published 14 Mar, 2007 12:00am
Yuan rises on dollar's global slip

Yuan rises on dollar's global slip

The yuan closed higher against the dollar on Tuesday, taking its cues from the US currency's decline on global markets, but dealers expected the yuan's gains to remain modest in the near term.
Published 14 Mar, 2007 12:00am
Dollar slips versus yen

Dollar slips versus yen

The dollar slipped against the yen on Tuesday, keeping a weak tone for a second session as cautious investors trimmed some exposure to high-yielding currencies ahead of US retail sales figures due out later in the session.
Published 14 Mar, 2007 12:00am
Yen gains, sterling falls

Yen gains, sterling falls

The yen gained and the pound fell on Monday as cautious investors continued to shun risk and trimmed exposures to currencies with high interest rates ahead of a slew of US data this week.
Published 14 Mar, 2007 12:00am
Hong Kong dollar ends flat

Hong Kong dollar ends flat

The HK dollar ended little changed on Tuesday after moving in a narrow range. The currency was trading at 7.8149/51 against the US dollar, barely changed from 7.8151/52 in late Asia trade on Monday, after shuffling between 7.8138 and 7.8156.
Published 14 Mar, 2007 12:00am
Asian currencies: rupiah falls

Asian currencies: rupiah falls

The high-yielding Indonesian rupiah fell and the Malaysian ringgit slipped on Tuesday as renewed concerns about the US mortgage industry forced investors to once again reduce risky positions.
Published 14 Mar, 2007 12:00am
Swiss franc strengthens

Swiss franc strengthens

The Swiss franc strengthened against the euro but held largely flat against the dollar on Tuesday as markets eyed Thursday's Swiss National Bank meeting for further clues on the strength of the economy.
Published 14 Mar, 2007 12:00am
England bowlers having to learn new skills: Plunkett

England bowlers having to learn new skills: Plunkett

England's seam bowlers are having to learn new skills to adapt to the slow Caribbean wickets just days before their first World Cup match, Liam Plunkett said on Tuesday. Plunkett is battling with James Anderson, Sajid Mahmood and Jon Lewis for two spots i
Published 14 Mar, 2007 12:00am
Yousuf says no to World Cup advertisement

Yousuf says no to World Cup advertisement

Pakistan batsman Mohammad Yousuf has refused to be photographed for a special World Cup campaign launched by a major sponsor of the team and the Pakistan Cricket Board. The cellular company Mobilink is running a big campaign with members of the Pakistan t
Published 14 Mar, 2007 12:00am
Aussies could get whacked some day, says Gavaskar

Aussies could get whacked some day, says Gavaskar

India's cricket great Sunil Gavaskar escalated his war of words with Australian captain Ricky Ponting on Tuesday, saying the Aussies could pay for their bad behaviour.
Published 14 Mar, 2007 12:00am
Indian man offers kidney to watch World Cup

Indian man offers kidney to watch World Cup

A 23-year-old Indian businessman Tuesday said he would sell one of his kidneys to anyone who needed a transplant in order to afford travel to the cricket World Cup in the Caribbean.
Published 14 Mar, 2007 12:00am
World Cup teams skip immigration and escape media scrum

World Cup teams skip immigration and escape media scrum

Secrecy and tight security cloaked the arrival of four World Cup Group A squads in St Kitts on Monday. Champions Australians, top-ranked South Africans and minnows Scotland and the Netherlands all touched down on the small eastern Caribbean island on one
Published 14 Mar, 2007 12:00am
Kuznetsova, Vaidisova ease through at Indian Wells

Kuznetsova, Vaidisova ease through at Indian Wells

Second seed Svetlana Kuznetsova and number six Nicole Vaidisova moved swiftly into the Pacific Life Open fourth round on Monday. Russian Kuznetsova held off a late charge by her fellow countrywoman Elena Likhovtseva to win 6-1 7-6, and Czech Vaidisova adv
Published 14 Mar, 2007 12:00am
Hu calls on military to toe party line

Hu calls on military to toe party line

Chinese President Hu Jintao has urged the nation's military to firmly adhere to the communist leadership, state press said Tuesday, underscoring the ruling party's direct leadership over the army.
Published 14 Mar, 2007 12:00am
Ecuador lawmakers scuffle with police at Congress

Ecuador lawmakers scuffle with police at Congress

Fired lawmakers scuffled with police and some forced their way into Ecuador's Congress on Tuesday, intensifying a feud with President Rafael Correa in the politically unstable Andean country.
Published 14 Mar, 2007 12:00am
Amitabh to play King Lear in new film

Amitabh to play King Lear in new film

Indian actor Amitabh Bachchan will play King Lear in a new Bollywood film that attempts to examine the artistic rivalry between theatre and cinema, a newspaper reported on Tuesday.
Published 14 Mar, 2007 12:00am
World's forests recovering, but net loss persists: FAO

World's forests recovering, but net loss persists: FAO

Forests are expanding in several regions of the world but each day sees a net loss equivalent to an area twice the size of Paris, the UN Food and Agriculture Organisation (FAO) said Tuesday.
Published 14 Mar, 2007 12:00am
US Justice aide resigns over prosecutor firings

US Justice aide resigns over prosecutor firings

A top aide to US Attorney General Alberto Gonzales resigned, a US official said on Tuesday, the latest fallout from the firing of federal prosecutors that has embarrassed the Bush administration and prompted calls for Gonzales to step down.
Published 14 Mar, 2007 12:00am
Britain proposes legal limits on carbon emissions

Britain proposes legal limits on carbon emissions

Britain on Tuesday became the first country to propose legislation setting binding limits on greenhouse gases as it stepped up its campaign for a new global warming pact to succeed the Kyoto Protocol.
Published 14 Mar, 2007 12:00am
Wave of suicide attacks kill 4 in Afghanistan

Wave of suicide attacks kill 4 in Afghanistan

Three suicide bombers struck southern Afghanistan Tuesday leaving four people dead and about a dozen wounded in the latest wave of attacks. The bombings came as top Afghan and US officials met in the capital for talks on building post-Taliban Afghanistan
Published 14 Mar, 2007 12:00am
'US genocide bill would hurt Turkey ties'

'US genocide bill would hurt Turkey ties'

If the US Congress brands the 1915 mass killing of Armenians by Ottoman Turks a "genocide", it will damage relations with Turkey and ensure Ankara keeps up its blockade of Armenia, a senior Turkish lawmaker said on Tuesday.
Published 14 Mar, 2007 12:00am
US launched UN smear campaign, says DPRK

US launched UN smear campaign, says DPRK

North Korea blamed the United States and Japan on Tuesday with tarnishing its image at the United Nations and said a UN agency was in on a plot to "spread sheer lies". The UN Development Programme (UNDP) said last week it had suspended operations in North
Published 14 Mar, 2007 12:00am
Putin dismisses Russia elections chief

Putin dismisses Russia elections chief

President Vladimir Putin effectively dismissed Russia's long-serving elections chief on Tuesday, two days after regional polls which tightened the Kremlin's grip on power.
Published 14 Mar, 2007 12:00am
US and UK warn of possible Algeria plane attack plot

US and UK warn of possible Algeria plane attack plot

Militants may be planning to attack commercial aircraft in Algeria, the US and British governments told nationals living in the oil- and gas-exporting North African country. A US embassy warden's message dated March 12 said: "There is information that ext
Published 14 Mar, 2007 12:00am
Japan and Australia sign landmark defence pact

Japan and Australia sign landmark defence pact

Japan and Australia signed a groundbreaking defence pact on Tuesday that the leaders of both countries stressed was not aimed at reining in China, but the road ahead for a two-way trade deal looked rougher.
Published 14 Mar, 2007 12:00am
Solana backs Saudi efforts on Lebanon

Solana backs Saudi efforts on Lebanon

EU foreign policy chief Javier Solana said on Tuesday he backed Saudi efforts to resolve the political crisis in Lebanon, in a visit to Riyadh on a Middle East tour aimed at easing the stalemate.
Published 14 Mar, 2007 12:00am
Saudi Arabia slams Israel on peace plan conditions

Saudi Arabia slams Israel on peace plan conditions

Saudi Arabia criticised Israel on Tuesday for setting preconditions to Middle East peace talks and urged it to accept an Arab initiative first proposed in 2002 and discuss details later.
Published 14 Mar, 2007 12:00am
Detained son of Khaleda hospitalised

Detained son of Khaleda hospitalised

The son of Bangladesh's outgoing prime minister was hospitalised early on Tuesday after being remanded in custody for a month on extortion allegations, officials said. Tareque Rahman, the high-profile son of former premier and leader of the Bangladesh Nat
Published 14 Mar, 2007 12:00am
Bush reassures sceptical Mexico on immigration

Bush reassures sceptical Mexico on immigration

US President George W Bush tried to reassure Mexicans on Tuesday that he has not given up on overhauling US immigration policy but they are increasingly sceptical he can deliver.
Published 14 Mar, 2007 12:00am
Zimbabwe opposition chief cleared for hospital treatment

Zimbabwe opposition chief cleared for hospital treatment

Zimbabwe opposition leader Morgan Tsvangirai and a group of 49 fellow activists were given permission on Tuesday to go to hospital for treatment after appearing at a court in the capital Harare.
Published 14 Mar, 2007 12:00am
US nuclear deal won't power India's boom

US nuclear deal won't power India's boom

Nuclear energy will remain a small part of India's power supply for the next 25 years even if the country seals a civil nuclear deal with the United States, a member of India's top policy making body said on Tuesday.
Published 14 Mar, 2007 12:00am
Tehran rebukes Russia for nuclear plant delay

Tehran rebukes Russia for nuclear plant delay

Iran lashed out at Russia on Tuesday for delays in completing the country's first nuclear power station, saying the situation underlined the need to produce nuclear fuel at home. "It is deplorable that there has been a delay in launching the Bushehr plant
Published 14 Mar, 2007 12:00am
Iran ready to offer guarantees on nuclear plan

Iran ready to offer guarantees on nuclear plan

Iranian Foreign Minister Manouchehr Mottaki on Tuesday said Iran was prepared to offer "necessary" guarantees on its nuclear programme if the issue is withdrawn from the UN Security Council.
Published 14 Mar, 2007 12:00am
Indian rupee rangebound

Indian rupee rangebound

The Indian rupee was rangebound against the dollar on Tuesday as investors searched for fresh clues on direction, but kept a watchful eye on the central bank for signs of intervention.
Published 14 Mar, 2007 12:00am
Sterling down versus firming yen

Sterling down versus firming yen

Sterling fell against the yen on Tuesday, extending heavy losses from the previous session as concerns about the US housing market continued to prompt waves of risk aversion, with investors backing away from carry trades.
Published 14 Mar, 2007 12:00am
Yen gains against dollar and euro

Yen gains against dollar and euro

The yen gained against the dollar and euro on Tuesday as jitters about the US mortgage market and caution ahead of key US retail sales data prompted investors to trim exposure to high-yielding currencies.
Published 14 Mar, 2007 12:00am
Bonds: Cadbury widens on Peltz stake

Bonds: Cadbury widens on Peltz stake

The cost of insuring the debt of Cadbury Schweppes Plc rose on Tuesday, after the world's largest confectionery group said US activist investor Nelson Peltz had built up a 3 percent stake, sparking talk he wanted to split the company up to unlock value. F
Published 14 Mar, 2007 12:00am
Bonds: Cadbury widens on Peltz stake

Bonds: Cadbury widens on Peltz stake

The cost of insuring the debt of Cadbury Schweppes Plc rose on Tuesday, after the world's largest confectionery group said US activist investor Nelson Peltz had built up a 3 percent stake, sparking talk he wanted to split the company up to unlock value. F
Published 14 Mar, 2007 12:00am
Indian shares move up

Indian shares move up

Indian share prices closed 0.62 percent higher on bargain-hunting by local funds and retail investors, as investors ignored mixed Asian market trends, dealers said. They said the market breadth improved from the previous week on buying in mid- and small-c
Published 14 Mar, 2007 12:00am
Seoul shares decline

Seoul shares decline

Seoul shares dipped 0.2 percent on Tuesday as Korea Exchange Bank fell on worries regulators would review its approval of the lender's sale to Lone Star, but power provider KEPCO gained after oil prices dropped.
Published 14 Mar, 2007 12:00am
UK's top share index falls

UK's top share index falls

Britain's benchmark share index lost more than 1 percent on Tuesday, as worries about the US subprime mortgage market dragged on banks, but renewed merger and acquisition talk lent some support. Banking stocks led the FTSE 100's decline, with Barclays los
Published 14 Mar, 2007 12:00am
London sugar mixed

London sugar mixed

London sugar futures closed mixed on Tuesday after a session marked by trade and speculative buying against speculative selling, and dealers noted firm demand for high-quality refined sugar. May settled up $2.10 to $347.90 per tonne in moderate volume of
Published 14 Mar, 2007 12:00am
Rains flatten Indian wheat

Rains flatten Indian wheat

Lashing rains, hail and strong winds have damaged standing wheat in parts of northern India in the last few days, but with a forecast of better weather farmers and officials say a bumper harvest is still on the cards.
Published 14 Mar, 2007 12:00am
Oil drops on economic worries

Oil drops on economic worries

Oil prices fell sharply on Tuesday as a sell-off in US stocks rekindled worries over the health of the economy in the world's largest energy consumer. Expectations that a US government report to be released on Wednesday would show a rebound in the nation'
Published 14 Mar, 2007 12:00am
New York cotton ends lower

New York cotton ends lower

Cotton futures settled easier Tuesday on speculative sales but the market is seen staying in a band while looking toward release of a government plantings report at the end of the month, brokers said. The New York Board of Trade's May cotton contract fell
Published 14 Mar, 2007 12:00am
Luanshya copper mine workers agree pay rise

Luanshya copper mine workers agree pay rise

Zambia's Luanshya Copper Mine (LCM) workers agreed a 22 percent pay rise offered by its management, ending tensions which led to a strike some two weeks ago, a senior union official said on Tuesday.
Published 14 Mar, 2007 12:00am
Base metals descend

Base metals descend

Base metals came under pressure in late trading on Tuesday as investors worried that the US housing sector was weakening, analysts said. London Metal Exchange copper earlier touched a session high of $6,330 a tonne but closed lower at $6,220, down 0.7 per
Published 14 Mar, 2007 12:00am
European gold rebounds

European gold rebounds

Gold firmed on Tuesday as it tracked a rebound in oil prices but was likely to trade in ranges ahead of the release of key US economic data this week. Analysts said that after a consolidation phase, gold would move higher on the back of an expected weakne
Published 14 Mar, 2007 12:00am
US MIDDAY: corn drops

US MIDDAY: corn drops

Chicago Board of Trade corn futures dropped 4 to 5 cents per bushel near midday on Tuesday on outlooks for a huge hike in US corn acreage this year, traders said.
Published 14 Mar, 2007 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, following declines in the corn market on outlooks for increased US corn acreage, traders said. Reminders of an expected rise in US and world wheat output for 2007/08 a
Published 14 Mar, 2007 12:00am
US MIDDAY: soya futures climb

US MIDDAY: soya futures climb

Soyabean futures at the Chicago Board of Trade rallied early Tuesday on lingering support from prospects for a big cut in US soyabean acres, traders said. With the price of corn hovering at a 10-year high, US farmers are expected to plant a lot more corn
Published 14 Mar, 2007 12:00am
US MIDDAY: copper eases

US MIDDAY: copper eases

US copper futures edged lower in early trade on Tuesday, holding just below key resistance levels, as further inventory draws in London bolstered the view that demand was growing, traders said.
Published 14 Mar, 2007 12:00am
US MIDDAY: gold futures rise

US MIDDAY: gold futures rise

US gold futures moved into positive territory on Tuesday after of a softer-than-forecast US retail sales report and a Bundesbank announcement that it would not sell gold this year, traders said. An increase in crude oil prices helped underpin gold ahead o
Published 14 Mar, 2007 12:00am
Kids and Femina exposition on June 7

Kids and Femina exposition on June 7

Saba Pervez Motors Chief Executive Abdul Karim Memon said that the third four-day Kids and Femina Expo would be held at Karachi Expo Centre on June 7, in which the national and international companies of children and women product manufacturers would part
Published 14 Mar, 2007 12:00am
PPP Senator refutes Bukhari's contention

PPP Senator refutes Bukhari's contention

Renowned lawyer and Pakistan Peoples Party Senator Dr Babar Awan has categorically denied the claim by Naeem Bukhari that he had consulted him about writing the controversial letter to Chief Justice of Pakistan Justice Iftikhar Ahmed Chaudhry.
Published 14 Mar, 2007 12:00am
German aid for Balochistan Children's Village

German aid for Balochistan Children's Village

The Consul General of Federal Republic of Germany, Hans-Joachim Kiderlen, and Brigadier Abdul Razaq Baloch (Retd) representing SOS Children's Village of Balochistan, signed an agreement on Monday for a financial contribution of Rs 300,000 for furniture an
Published 14 Mar, 2007 12:00am
KSE trading data

KSE trading data

The question on the Program on AAJ TV regarding the transmission of KSE trading data to NCEL for the purpose of calculating the impact cost and VaR margins was directed by the anchor towards the other guest present with me in the program.
Published 14 Mar, 2007 12:00am
Dwindling norm of decencies at capital market

Dwindling norm of decencies at capital market

This is in connection with my letter published in Business Recorder of February 24, 2007 wherein some basic questions on the outset of overall Corporate Governance and generally depleted state of bourses in Pakistan were raised.
Published 14 Mar, 2007 12:00am
Supreme Judicial Council Procedure of Enquiry 2005

Supreme Judicial Council Procedure of Enquiry 2005

Supreme Judicial Council Procedure of enquiry 2005 was laid down pursuant to the decision taken by the Supreme Judicial Council, in its meeting on 24th September 2005. The following procedure for effective performance of functions, vested in it und
Published 14 Mar, 2007 12:00am
Of the trauma beyond words

Of the trauma beyond words

With the recent Samjhota Express tragedy I have been thinking about the Pakistan-India ties all over again.---once again. I was born in Bombay on 15th January 1947. One purpose of saying this is to underline that it was before the birth of Pakistan. I hav
Published 14 Mar, 2007 12:00am
Cotton and Textile Vision 2025

Cotton and Textile Vision 2025

In facing the present challenges and preparing for the future changes- the pictures of cotton production and textile value- addition in Pakistan must be validated for the decades to come. 'Where we should stand' is the ideal command to explore new heights
Published 14 Mar, 2007 12:00am
Ahmed Ali Khan

Ahmed Ali Khan

Away from the hustle and bustle of professional activity and living a quiet peaceful life in retirement, after over half a century of his journalistic career, Ahmed Ali Khan died on Tuesday morning. True, he did not die in harness, yet the imprint he made
Published 14 Mar, 2007 12:00am
Confiscation of smuggling prone items

Confiscation of smuggling prone items

According to a Recorder Report, the Central Board of Revenue has pre-empted the release of confiscated smuggled textile items against payment of duties and taxes. This has reference to enabling amendments to SRO 566(I)/2005 it announced through a n
Published 14 Mar, 2007 12:00am
Agriculture income tax

Agriculture income tax

A study undertaken by CBR to assess what impact it would make on revenue generation if agriculture tax was computed on actual income from the sale of agricultural produce, instead of being levied on the basis of the size of the land holding, has revealed
Published 14 Mar, 2007 12:00am
CDGK to issue commodities' price list

CDGK to issue commodities' price list

City District Government Karachi (CDGK) has decided to issue price list of commodity items of daily use on monthly basis for the benefit of consumers. The District Officer Prices Control has asked all the city shopkeepers to display city government's pric
Published 14 Mar, 2007 12:00am
NWFP government promoting trade activities: minister

NWFP government promoting trade activities: minister

NWFP Minister for Local Government and Rural Development Sardar Muhammad Idrees has said that MMA government has taken concrete steps for the promotion of trade activities and enhancing the job opportunities. He also mentioned about attractive incentives
Published 14 Mar, 2007 12:00am
Rising pollution hits tribal areas

Rising pollution hits tribal areas

The PPP Punjab human rights wing alleged that uranium enrichment in Dera Ghazi Khan tribal area has caused environmental problems, promoting cancer among residents living without basic facilities and reportedly a number of people have lost their lives in
Published 14 Mar, 2007 12:00am
Pakistan's economic growth attracts more UAE investors

Pakistan's economic growth attracts more UAE investors

The economic relations between the United Arab Emirates (UAE) and Pakistan witnessed remarkable growth, with surge in Emirati investors looking to take advantage of growth opportunities taking place in Pakistan.
Published 14 Mar, 2007 12:00am
HRW calls for 'releasing' Justice Iftikhar

HRW calls for 'releasing' Justice Iftikhar

The "arbitrary detention" of Pakistan's top judge must end, along with the political persecution of lawyers protesting his arrest, a New York-based rights group said on Monday. Pakistani President Pervez Musharraf suspended chief justice Iftikhar Muhammad
Published 14 Mar, 2007 12:00am
Entries invited for 'Gender in Journalism' awards

Entries invited for 'Gender in Journalism' awards

Entries are invited for the fifth annual Gender in Journalism awards, 2007. The two awards, which are bestowed upon print journalists, have been instituted by the Pakistan Press Foundation (PPF), with the support of the United Nations Educational Scientif
Published 14 Mar, 2007 12:00am
Concern voiced over under-invoicing of PVC pipes

Concern voiced over under-invoicing of PVC pipes

Fazal Elahi, Vice President, Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has expressed serious concern over heavy under-invoicing in import of PVC pipes and fittings from China, Saudi Arabia, UAE and Turkey and called upon the governm
Published 14 Mar, 2007 12:00am
CBR chairman to visit SCCI on March 20

CBR chairman to visit SCCI on March 20

Central Board of Revenue (CBR) Chairman Abdullah Yusaf will visit Sarhad Chamber of Commerce and Industry (SCCI) on March 20. According to a press release of Sarhad CCI, the CBR chairman will address a meeting of the exporters, importers, traders and indu
Published 14 Mar, 2007 12:00am
Holistic approach must for proper use of biological resources

Holistic approach must for proper use of biological resources

Speakers at an international seminar held here on Tuesday said that holistic approach of biodiversity was necessary to achieve the aims of conservation, sustainable use and equitable benefit sharing of biological resources.
Published 14 Mar, 2007 12:00am
Another rain spell expected from March 19

Another rain spell expected from March 19

Chief Meteorologist, Met Office, Arif Mahmood said on Tuesday that a new rain spell is expected from March 19, which would continue for 2-3 days. Talking to PTV, he said that this new spell would prevail in upper parts of Punjab, Kashmir, NWFP and quake-a
Published 14 Mar, 2007 12:00am
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