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Print - 2007-03-29
Bonds for new China foreign exchange body won't harm market

Bonds for new China foreign exchange body won't harm market

Bond issuance to fund the agency that China is setting up to manage part of its foreign exchange reserves will not have a big impact on the domestic fixed-income market, a Ministry of Finance official said in remarks reported on Wednesday.
Published 29 Mar, 2007 12:00am
Bonds for new China foreign exchange body won't harm market

Bonds for new China foreign exchange body won't harm market

Bond issuance to fund the agency that China is setting up to manage part of its foreign exchange reserves will not have a big impact on the domestic fixed-income market, a Ministry of Finance official said in remarks reported on Wednesday.
Published 29 Mar, 2007 12:00am
Philippines shares end down

Philippines shares end down

Philippines share prices closed 0.38 percent lower on Wednesday as they tracked Wall Street's overnight weaker performance, dealers said. The composite index fell 11.94 points to 3,162.81 after moving between 3,153.73 and 3,176.87.
Published 29 Mar, 2007 12:00am
Malaysian stocks dip

Malaysian stocks dip

Malaysian share prices closed 0.96 percent lower on Wednesday, ending nine straight days of gains with profit-taking sparked by the downturn on Wall Street overnight, dealers said. However, they said the profit-taking, led by blue chips, was overdue, and
Published 29 Mar, 2007 12:00am
Hong Kong shares decline

Hong Kong shares decline

Hong Kong blue chips fell 0.8 percent on Wednesday and China issues halted their nine-session winning streak as worries about the health of the US economy led investors to sell large-caps like HSBC Holdings.
Published 29 Mar, 2007 12:00am
US stocks sag

US stocks sag

US stocks fell on Tuesday after a weak consumer confidence report fuelled concerns the housing slowdown could spread into the broader economy and hurt profits. Lennar Corp, a major US home builder, scrapped its 2007 outlook as it posted a 73.4 percent sli
Published 29 Mar, 2007 12:00am
US bonds spike

US bonds spike

US Treasuries attempted a brief rally in after-hours trade on Tuesday after oil prices suddenly surged on rumours of an Iran strike on a US ship, but came right back after the White House and the US navy denied any incidents. After the US denial, 10-year
Published 29 Mar, 2007 12:00am
US bonds spike

US bonds spike

US Treasuries attempted a brief rally in after-hours trade on Tuesday after oil prices suddenly surged on rumours of an Iran strike on a US ship, but came right back after the White House and the US navy denied any incidents. After the US denial, 10-year
Published 29 Mar, 2007 12:00am
Indian shares slide

Indian shares slide

Indian share prices closed 1.83 percent lower on Wednesday, tracking weak Asian and US markets, as oil prices rose due to escalating tensions in Iran, dealers said. They said investors also unwound positions ahead of the monthly stock futures contract exp
Published 29 Mar, 2007 12:00am
Thai stocks plunge

Thai stocks plunge

Thai share prices closed 1.40 percent lower on Wednesday, faring worse than the regional average, as the junta leader called for imposing emergency rule in Bangkok, dealers said. They said investors dumped heavy-weight energy and banking stocks on fears o
Published 29 Mar, 2007 12:00am
Singapore shares slump

Singapore shares slump

Singapore share prices closed one percent lower on Wednesday on investor concerns over rising geopolitical tensions in the Middle East and fresh worries over the US economy, dealers said. The Straits Times Index dropped 32.36 points to 3,201.75 on volume
Published 29 Mar, 2007 12:00am
Tokyo stocks tumble as exporters drop

Tokyo stocks tumble as exporters drop

The Nikkei average lost 0.64 percent on Wednesday as exporters such as Honda Motor Co Ltd slid on a higher yen and caution about the US economy, offsetting gains in Inpex Holdings Inc and other energy shares following a rally in oil prices.
Published 29 Mar, 2007 12:00am
Jakarta shares weaken

Jakarta shares weaken

Indonesian share prices closed 1.06 percent lower on Wednesday amid profit-taking, with sentiment hurt by a fall on Wall Street overnight, dealers said. The Jakarta Stock Exchange composite index closed down 19.268 points at 1,800.392, on volume of 2.5 bi
Published 29 Mar, 2007 12:00am
Swiss franc ends steady

Swiss franc ends steady

The Swiss franc was largely unchanged on Wednesday as markets eyed Switzerland's leading KOF indicator for signs of continuing strong economic growth. The closely watched KOF business climate index, due at 0930 GMT, is expected at 1.83, according to the m
Published 29 Mar, 2007 12:00am
Chinese yuan higher

Chinese yuan higher

The yuan closed higher against the dollar on Wednesday, climbing for a second straight day as the US currency slipped globally on lingering concerns about possible interest rate cuts by the Federal Reserve. The yuan ended at 7.7295 to the dollar, marginal
Published 29 Mar, 2007 12:00am
Indian rupee hits seven-year high

Indian rupee hits seven-year high

The Indian rupee climbed to its highest in more than seven years on Wednesday, coming close to 43 against the dollar before suspected central bank intervention halted the rise, traders said.
Published 29 Mar, 2007 12:00am
Dollar falls versus yen

Dollar falls versus yen

The dollar slid against the yen on Wednesday as investors reversed some of their hefty short positions in the Japanese currency after being rattled by a knocked-down rumour of conflict between the United States and Iran.
Published 29 Mar, 2007 12:00am
Dollar declines

Dollar declines

The dollar fell against the euro and the yen on Tuesday, weighed down by softer-than-expected data on US consumer confidence and persistent worries about a slowing housing market that could lead to interest rate cuts.
Published 29 Mar, 2007 12:00am
Bangladesh interbank rates

Bangladesh interbank rates

Inter-bank buy/sell rates for the taka against the dollar on Wednesday. 68.80/68.82 (previous 68.82/68.85).
Published 29 Mar, 2007 12:00am
Aussie dollar nudges lower

Aussie dollar nudges lower

The Australian dollar nudged lower against the US currency on Wednesday, consolidating below 81 cents as investors cautiously awaited testimony from the US central bank chief on the health of the world's biggest economy.
Published 29 Mar, 2007 12:00am
Asian currencies down

Asian currencies down

The Indonesian rupiah and Philippine peso took a hit on Wednesday as heightened worries about the US economy and geopolitical risks prompted investors to unwind yen-funded carry trades. The high-yielding rupiah slipped nearly 0.4 percent to 9,152 per doll
Published 29 Mar, 2007 12:00am
Hong Kong dollar erases early gains

Hong Kong dollar erases early gains

The Hong Kong dollar strengthened against a broadly weaker US currency on Wednesday, while front-end interbank rates edged up as some funds were tied up by recent IPOs. The domestic currency was trading at 7.8125/27 to the US dollar at 0326 GMT, stronger
Published 29 Mar, 2007 12:00am
Second autopsy ordered for Woolmer

Second autopsy ordered for Woolmer

A second autopsy will be performed on the body of Pakistan cricket coach Bob Woolmer to ward off any speculation that the initial examination may have been bungled, British media reported Wednesday.
Published 29 Mar, 2007 12:00am
Australia beat West Indies

Australia beat West Indies

Glenn McGrath was on the verge of making more cricket history as world champions Australia got their Super Eight campaign off to a winning start with a 103-run defeat of World Cup hosts West Indies here Wednesday.
Published 29 Mar, 2007 12:00am
Police plan to get DNA from all Woolmer hotel guests

Police plan to get DNA from all Woolmer hotel guests

Jamaican police are planning to collect the DNA samples, fingerprints and photographs of every person in the 300-room hotel where Pakistan cricket coach Bob Woolmer was killed earlier this month. Allied to other forensic evidence they hope this will give
Published 29 Mar, 2007 12:00am
Rivals attack Sarkozy after Paris clashes

Rivals attack Sarkozy after Paris clashes

Rivals accused rightist presidential candidate Nicolas Sarkozy of worsening tension between youths and police on Wednesday after clashes at a Paris train station overnight. Officials said Tuesday's confrontation at the Gare du Nord terminal began when pol
Published 29 Mar, 2007 12:00am
Nigerian rebels in chaotic fight for oil riches

Nigerian rebels in chaotic fight for oil riches

The young Nigerian rebels smoked marijuana, drank gin and shot into the night sky as they escorted two Italian hostages and this Reuters correspondent on speed boats back towards freedom.
Published 29 Mar, 2007 12:00am
Versace heiress battling anorexia

Versace heiress battling anorexia

Allegra Beck Versace, the 20-year-old heiress to the fashion house that bears her name, is suffering from anorexia, the eating disorder which many people blame at least in part on the diktats of the beauty industry.
Published 29 Mar, 2007 12:00am
Over 70 burned to death in Nigeria

Over 70 burned to death in Nigeria

More than 70 people burned to death in northern Nigeria when a tanker lorry caught fire as they were stealing fuel from it, police said Wednesday. At least 100 other victims are being treated for burns, another official said. The accident happened on Mond
Published 29 Mar, 2007 12:00am
Children freed as Philippine hostage drama ends

Children freed as Philippine hostage drama ends

Gunmen freed dozens of children and three teachers held hostage for over nine hours in a bus in the Philippine capital on Wednesday and then surrendered without violence.
Published 29 Mar, 2007 12:00am
Suicide attack kills four in Kabul

Suicide attack kills four in Kabul

A suicide bomber targeted an intelligence director's vehicle in the Afghan capital Kabul Wednesday, killing four civilians and wounding another 12, the intelligence service said. The Taliban-style bombing, the second suicide attack this year in the heavil
Published 29 Mar, 2007 12:00am
Four Muslims charged with terrorism in Denmark

Four Muslims charged with terrorism in Denmark

Four young Muslims were charged in Denmark on Wednesday with planning terrorist bombings in Denmark or abroad, the justice ministry said. The four men were accused of acquiring chemicals and laboratory instruments to make triacetone triperoxide (TATP) exp
Published 29 Mar, 2007 12:00am
Saudi prince tried in France on cocaine running charges

Saudi prince tried in France on cocaine running charges

A Saudi prince went on trial in his absence Wednesday accused of using his diplomatic immunity to smuggle two tonnes of cocaine into France. Prince Nayef Bin Fawaz Al-Shaalan is one of 10 people facing charges relating to a shipment that allegedly arrived
Published 29 Mar, 2007 12:00am
Iran implements decision to limit IAEA cooperation

Iran implements decision to limit IAEA cooperation

Iran cut back cooperation with the United Nations nuclear watchdog on Wednesday, carrying out its promised response to new Security Council sanctions, an Iranian news agency said on Wednesday.
Published 29 Mar, 2007 12:00am
China and Russia plan Mars mission

China and Russia plan Mars mission

China announced Wednesday it will launch a joint mission with Russia to Mars in 2009, marking "an important milestone" in space cooperation between the two countries. A small Chinese satellite will take off on a Russian rocket, according to the agreement
Published 29 Mar, 2007 12:00am
Israeli police clear occupied settlement

Israeli police clear occupied settlement

Hundreds of Israeli police armed with batons on Wednesday cleared some 500 right-wing Jewish settlers from an abandoned West Bank settlement they had been occupying under army protection.
Published 29 Mar, 2007 12:00am
Bush offers Putin olive branch over shield

Bush offers Putin olive branch over shield

US President George W. Bush offered on Wednesday to give Moscow a detailed explanation of his plans for an anti-missile shield in Europe, the Kremlin said, as Washington tried to cool Russian anger over the scheme.
Published 29 Mar, 2007 12:00am
Saudi King calls for end to Palestinian blockade

Saudi King calls for end to Palestinian blockade

Saudi Arabia's King Abdullah called on Wednesday for an end to the international blockade on the Palestinian people and told a summit of Arab leaders that sectarian violence was driving Iraq towards civil war.
Published 29 Mar, 2007 12:00am
Sterling declines

Sterling declines

Sterling hit a one-week low on a trade-weighted basis on Wednesday after data showed a record UK current account deficit in the fourth quarter and a surprise downward revision to growth.
Published 29 Mar, 2007 12:00am
Yen rallies in London

Yen rallies in London

The yen rallied and high-yielding currencies fell on Wednesday as investors became more risk averse after rumours of conflict between the United States and Iran.
Published 29 Mar, 2007 12:00am
US Stocks: Wednesday's mid-afternoon trade

US Stocks: Wednesday's mid-afternoon trade

US stocks fell on Wednesday after Federal Reserve Chairman Ben Bernanke sounded a cautious note about inflation and the economic outlook, adding to concerns raised by weak durable goods data. Escalating tensions between Iran and the West also kept investo
Published 29 Mar, 2007 12:00am
Bonds: crossover index widens

Bonds: crossover index widens

The iTraxx Crossover index, a proxy for risk sentiment in the European credit market, widened on Wednesday on concerns about the state of the US economy.
Published 29 Mar, 2007 12:00am
Bonds: crossover index widens

Bonds: crossover index widens

The iTraxx Crossover index, a proxy for risk sentiment in the European credit market, widened on Wednesday on concerns about the state of the US economy.
Published 29 Mar, 2007 12:00am
Chinese stock index rises, turnover at record

Chinese stock index rises, turnover at record

Chinese main stock index swung wildly on Wednesday before ending up 1.09 percent, hitting a fresh all-time high for its eighth straight daily gain, as market turnover ballooned to its largest ever.
Published 29 Mar, 2007 12:00am
Seoul shares in biggest fall in two weeks

Seoul shares in biggest fall in two weeks

Seoul shares had their biggest fall in two weeks on Wednesday as surging oil prices hit transport firms, while exporters such as Hyundai Motor fell after weaker US consumer confidence raised worries about a key market.
Published 29 Mar, 2007 12:00am
FTSE slips on concerns over US economy

FTSE slips on concerns over US economy

Britain's top share index fell 0.4 percent on Wednesday on concerns over the US economy after comments from Federal Reserve Chairman Ben Bernanke and heightening tension over Iran, but M&A and oil shares gave support.
Published 29 Mar, 2007 12:00am
Dubai gold sales up

Dubai gold sales up

Dubai's gold industry sales rose 24 percent in February, boosted by lower prices of gold and growing tourism, the chairman of the Gold and Jewellery Group in the Gulf Arab emirate said on Wednesday. "Sales in February were up 24 percent compared with the
Published 29 Mar, 2007 12:00am
Chartists see higher targets for gold

Chartists see higher targets for gold

Gold will trade in a range, consolidating around current levels, before marching towards higher targets, technical analysts said on Wednesday. Chartists, who predict future price movements based on past market performance, say technical parameters are cru
Published 29 Mar, 2007 12:00am
Oil rises more than $1 on Iran concerns

Oil rises more than $1 on Iran concerns

Oil rose more than $1 on Wednesday as escalating tensions between the West and Iran stoked crude supply concerns from the world's No 4 exporter. Rumours of a naval clash between Iran and US or British military forces, quickly denied by Washington and Lond
Published 29 Mar, 2007 12:00am
Khaleej Sugar sees output up 40 percent

Khaleej Sugar sees output up 40 percent

Dubai's Al Khaleej Sugar Co refinery, the biggest in the Middle East, sees its first-quarter output surging 40 percent on strong global demand, a senior company official said on Tuesday.
Published 29 Mar, 2007 12:00am
New York cotton futures close higher

New York cotton futures close higher

Cotton futures finished higher Wednesday on modest fund buying as most players awaited the release of a vital potential plantings report by the US Agriculture Department this week, brokers said.
Published 29 Mar, 2007 12:00am
London cocoa hits 3-1/2-year high

London cocoa hits 3-1/2-year high

London cocoa futures set a fresh 3-1/2-year high on Wednesday and dealers saw no direct market impact from news of a deal to name a rebel leader as prime minister of top cocoa grower Ivory Coast. July settled up 16 pounds to 1,062 pounds in volume of 2,82
Published 29 Mar, 2007 12:00am
Copper firmer

Copper firmer

Copper held firm on Wednesday on expectations of robust demand from China, despite US Federal Reserve Chairman Ben Bernanke's comments about the US economy, while tin tumbled more than five percent. Copper for three month delivery in the London Metal Exch
Published 29 Mar, 2007 12:00am
European gold hits four-week high

European gold hits four-week high

Gold climbed to a four-week high on Wednesday as geopolitical jitters in the Middle East boosted safe-haven buying, while strong oil prices lent support. Spot gold rose one percent to $669.50, the highest since March 1, before easing to $666.60/667.10 an
Published 29 Mar, 2007 12:00am
US MIDDAY: corn moves both ways

US MIDDAY: corn moves both ways

Corn futures at the Chicago Board of Trade were mixed early Wednesday with nearby contracts lower on bear-spreading, traders said. At 10:12 am CDT (1512 GMT), CBOT corn was 2-1/4 cents lower to 3/4 cent higher, with May down 2-1/4 at $3.90-1/4 per bushel
Published 29 Mar, 2007 12:00am
US MIDDAY: wheat mixed

US MIDDAY: wheat mixed

Wheat futures at the Chicago Board of Trade were mixed at midsession on Wednesday in light, choppy trade as firms positioned ahead of government crop reports on Friday, traders said. The wheat market opened higher but turned mixed in sympathy with a break
Published 29 Mar, 2007 12:00am
US MIDDAY: soyabeans gain

US MIDDAY: soyabeans gain

Soyabean futures at the Chicago Board of Trade were higher early on Wednesday, following a rally in soyaoil and crude oil amid increased tensions between Iran and the West, traders said. At 10:17 am CDT (1517 GMT), CBOT soya was up 5 to 7 cents per bushel
Published 29 Mar, 2007 12:00am
US MIDDAY: copper rebounds

US MIDDAY: copper rebounds

US copper futures followed a rebound in crude oil Wednesday morning to recoup early losses which extended from Tuesday's correction, traders said. "This darn market is just keeping an eye on whatever the flavour of the month is and crude oil seems to have
Published 29 Mar, 2007 12:00am
US MIDDAY: gold futures rise

US MIDDAY: gold futures rise

Rising crude oil prices and tensions between Iran and the West drove US gold futures higher early on Wednesday, but trading was cautious ahead of new crude inventory data and Federal Reserve Chairman Ben Bernanke's testimony to Congress.
Published 29 Mar, 2007 12:00am
Souvenir of 1,000-rupee note presented to AJK Prime Minister

Souvenir of 1,000-rupee note presented to AJK Prime Minister

Chief Manager of State Bank of Pakistan, Muzaffarabad, A D Butt called on AJK Prime Minister Sardar Attiq Ahmed Khan here on Wednesday. On behalf of the SBP governor, he presented the souvenir of 1,000-rupee new design currency note to the AJK prime minis
Published 29 Mar, 2007 12:00am
Gursil check post comes under fire from Afghan militia

Gursil check post comes under fire from Afghan militia

The Gursil check post of the Pak Army on Pak-Afghan border near here came under fire by the Afghan militia on Wednesday but the Pakistan forces did not retaliate. No casualty has been reported, however, the firing incident created panic at large scale amo
Published 29 Mar, 2007 12:00am
Pakistan to gift TV transmitter to Afghanistan

Pakistan to gift TV transmitter to Afghanistan

The government of Pakistan will hand over a TV transmitter to the government of Afghanistan as a gift. In this connection a ceremony will be held at PTV headquarters here on Thursday, where Federal Minister for Information and Broadcasting Muhammad Ali Du
Published 29 Mar, 2007 12:00am
Pak-UK judicial team working on extradition treaty

Pak-UK judicial team working on extradition treaty

The Pak-UK Joint Judicial Co-operation Working Group (JJCWG) has proved helpful in enhancing bilateral judicial co-operation between the two countries and Pakistan is looking forward to early singing of Transfer of Prisoners' Agreement and conclusion of E
Published 29 Mar, 2007 12:00am
Pak-UK judicial team working on extradition treaty

Pak-UK judicial team working on extradition treaty

The Pak-UK Joint Judicial Co-operation Working Group (JJCWG) has proved helpful in enhancing bilateral judicial co-operation between the two countries and Pakistan is looking forward to early singing of Transfer of Prisoners' Agreement and conclusion of E
Published 29 Mar, 2007 12:00am
Musharraf and Erdogan discuss Middle East peace

Musharraf and Erdogan discuss Middle East peace

President Pervez Musharraf on Wednesday discussed the situation in Middle East, the lingering Palestinian dispute and Pak-Turkey bilateral relations with the Turkish Prime Minister Recep Tayyip Erdogan.
Published 29 Mar, 2007 12:00am
PTV starts Global Channel on April 2

PTV starts Global Channel on April 2

Pakistan Television will launch its "PTV Global Channel" from United Kingdom on April 2 with focus on projecting a soft image of the country and promoting its cultural life.
Published 29 Mar, 2007 12:00am
Senate body discusses non-payment of PhD allowance

Senate body discusses non-payment of PhD allowance

The sub-committee of the Senate Standing Committee on Education Wednesday examined the issue of non-payment of PhD allowance Rs 5000 per month to all persons having doctorate degrees working in various public sector organisations in the country.
Published 29 Mar, 2007 12:00am
Tax holiday for surgical industry demanded

Tax holiday for surgical industry demanded

The business community, associated with the surgical industry, has demanded of the government to declare the surgical industry "tax holiday" for at least five years with a view to enabling the century-old industry of the country from total collapse.
Published 29 Mar, 2007 12:00am
Government fails to set up food safety authority

Government fails to set up food safety authority

The government has failed to establish 'Veterinary, Public Health and Food Safety Authority' (VPH&FSA) under Ministry of Food, Agriculture and Livestock (Minfal) despite the fact that the National Codex Committee (NCC) had endorsed the establishment of th
Published 29 Mar, 2007 12:00am
Nadra to collect SCO phone bills

Nadra to collect SCO phone bills

Special Communications Organisation (SCO) has signed an agreement with the National Database and Registration Authority (Nadra) for collection of telephone bills through Nadra kiosks and counters.
Published 29 Mar, 2007 12:00am
Government to ensure continuity of policies: Shaukat

Government to ensure continuity of policies: Shaukat

Prime Minister Shaukat Aziz on Wednesday said that high growth achieved during the last few years and the consequent surge in demand for consumer goods has created tremendous opportunities for private sector and the government will ensure continuity of po
Published 29 Mar, 2007 12:00am
Bush's Afghan warrior leaves Iraq proud of role

Bush's Afghan warrior leaves Iraq proud of role

On a farewell trip to northern Iraq this week, US Ambassador Zalmay Khalilzad was hailed by Kurdish leaders as a "comrade in arms" who helped liberate them, but his legacy is a mixed one for Iraq.
Published 29 Mar, 2007 12:00am
Access to Karachi Graveyard

Access to Karachi Graveyard

Karachi Graveyard road is in shambles. The road begins from Dhobhi Ghat. We use another route to reach the graveyard, via Pak Colony. My simple question is on what basis such an inferior road has been constructed.
Published 29 Mar, 2007 12:00am
Personality tests

Personality tests

EQ refers to the capacity for recognising our own feelings and those of others to motivate ourselves and for managing well our emotions and in our relationships. IQ defines how smart you are and how much intelligence you possess, whereas EQ defines how we
Published 29 Mar, 2007 12:00am
Landmines still kill in south-east Turkey

Landmines still kill in south-east Turkey

Snow turns red at the edge of Tunceli's mountain roads as it soaks up the bronze-rich soil. Passing that red line is a matter of life or death in these areas, where violence has endured for 23 years.
Published 29 Mar, 2007 12:00am
Palestinian militant leader in Lebanon spotlight

Palestinian militant leader in Lebanon spotlight

Moments before the cameras are switched on, Shaker al-Abssi adjusts his traditional Palestinian kaffiyeh headdress to cover his face. Fully aware that his enemies have pictures of him, he still seeks to conceal his features to stay as unrecognisable as po
Published 29 Mar, 2007 12:00am
How to avoid IT crimes

How to avoid IT crimes

In today's world the Internet is becoming as common as sliced bread. Most people use it to send e-mails, browse for information, carry out banking transactions, and shop. So it shouldn't be a surprise that some people are embracing the technology for less
Published 29 Mar, 2007 12:00am
Intelligence agencies should be answerable

Intelligence agencies should be answerable

Once again, on Monday, the government failed to produce before the Supreme Court the list of missing persons, earning the court's stiff rebuke. The three-member bench of the apex court, headed by Justice Javed Iqbal, was hearing 11 identical petitions fil
Published 29 Mar, 2007 12:00am
Raise in foreign exchange dealings limit

Raise in foreign exchange dealings limit

One of the important functions of a central bank is the prudent management of foreign exchange reserves of the country. Since the authorised dealers, mainly the commercial banks, perform agency function on behalf of the central bank in this regard, they a
Published 29 Mar, 2007 12:00am
Nadra's 'Data Entry Operating' course

Nadra's 'Data Entry Operating' course

National Database and Registration Authority (Nadra) will organise a 'Data Entry Operating' course for deserving boys and girls from April 4. The course, consist on four weeks, will be conducted simultaneously at Islamabad, Lahore and Karachi.
Published 29 Mar, 2007 12:00am
NBP rewards top 1,400 performers

NBP rewards top 1,400 performers

About 1,400 top performers of National Bank of Pakistan (NBP) have been given cash awards in recognition of their performance during 2006. This works out to about 10 percent of the total employees' strength of the bank.
Published 29 Mar, 2007 12:00am
FBAATI to apply for registration under TOO

FBAATI to apply for registration under TOO

Federal B Area Association of Trade and Industry (FBAATI) would soon present its application for grant of licence and registration under the new Trade Organisations Ordinance (TOO) 2006, and the Trade Organisations Rules (TOR) 2007.
Published 29 Mar, 2007 12:00am
'SBP ensuring optimum loaning to farmers'

'SBP ensuring optimum loaning to farmers'

The State Bank of Pakistan (SBP) was ensuring best facilities to farmers for enhancing agricultural production in the country, Director Agricultural Credit State Bank of Pakistan Ashraf Khan said. Talking to a private TV channel, he said SBP is developing
Published 29 Mar, 2007 12:00am
CBR urged to bring agriculture into tax net

CBR urged to bring agriculture into tax net

The Central Board of Revenue (CBR) has been urged to bring agriculture income into tax net. Sources told Business Recorder on Wednesday that the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) received the suggestion from business
Published 29 Mar, 2007 12:00am
Karachi has become profitable place for investors: Kamal

Karachi has become profitable place for investors: Kamal

Karachi has turned into a profitable marketplace for foreign investors as it has attracted $1.2 billion foreign direct investment, out of $3.5 billion, during the current fiscal year. This was stated by the City Nazim Mustafa Kamal at the third annual din
Published 29 Mar, 2007 12:00am
French scholar dispels West's impression about Pakistan

French scholar dispels West's impression about Pakistan

Leader of the visiting team of French National Institute of Defence Studies Helene Mazeran has emphatically dispelled the impression in the West that Pakistan is a dangerous country to visit. She was talking to reporters on Wednesday at the residence of F
Published 29 Mar, 2007 12:00am
No judicial crisis in country, says Arbab

No judicial crisis in country, says Arbab

The Sindh Chief Minister Dr Arbab Ghulam Rahim has said that there was no judicial crisis in the country but it was the international conspiracy against the country which has been foiled by the people of Pakistan by ignoring their participation in the pro
Published 29 Mar, 2007 12:00am
The Weather

The Weather

The weather report on Wednesday (March 28, 2007) and the forecast for Thursday (March 29, 2007).
Published 29 Mar, 2007 12:00am
Environmental degradation termed biggest challenge

Environmental degradation termed biggest challenge

University of Karachi Vice Chancellor, Professor Dr Pirzada Qasim Raza Siddiqui, has said environmental degradation was the biggest challenge for the country and it needed to be addressed on emergency basis.
Published 29 Mar, 2007 12:00am
New York cotton

New York cotton

Tuesday's closing prices of New York cotton in US cents/lb.

Published 29 Mar, 2007 12:00am
Distributors flay raise in LPG price

Distributors flay raise in LPG price

Central chairman of the LPG Distributors Association Pakistan (LPGDAP) Muhammad Irfan Khokhar has flayed fresh increase in the price of liquefied petroleum gas and termed it as an 'unlawful act' on part of the marketing companies.
Published 29 Mar, 2007 12:00am
New York cotton

New York cotton

Tuesday's closing prices of New York cotton in US cents/lb.

Published 29 Mar, 2007 12:00am
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