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Print - 2007-04-21
Newmont confident on Indonesian pollution verdict

Newmont confident on Indonesian pollution verdict

US mining giant Newmont voiced confidence Friday it would win a controversial pollution trial next week, saying claims the company and one of its executives poisoned an Indonesian bay were baseless.
Published 21 Apr, 2007 12:00am
US House votes to give shareholders 'say on pay'

US House votes to give shareholders 'say on pay'

The US House of Representatives approved a bill on Friday to give shareholders the right to cast nonbinding votes on the pay of top company executives, handing investor advocates a win over the business community and defying the Bush administration.
Published 21 Apr, 2007 12:00am
Russians pull out of London forum amid tensions

Russians pull out of London forum amid tensions

Top Russian businessmen and officials have cancelled their attendance at an economic forum in London next week amid a surge in tension between London and Moscow, officials said Friday. The Russian Economic Forum in London, which starts Monday, usually att
Published 21 Apr, 2007 12:00am
Big players urged to take lead on environment tourism

Big players urged to take lead on environment tourism

Governments, hotels and major tourism operators must take the lead in boosting environmentally-friendly tourism, which has yet to make a major impact on the industry, experts said at a UN-backed conference on climate change Friday.
Published 21 Apr, 2007 12:00am
ABN Amro expands Malaysian banking operations

ABN Amro expands Malaysian banking operations

Dutch investment bank ABN Amro announced Friday it will boost its consumer banking operations in Malaysia, a move it said was part of its expansion into the region. The bank unveiled a new banking service aimed at high net worth customers and also said it
Published 21 Apr, 2007 12:00am
Iranians may face gas rationing: state firm

Iranians may face gas rationing: state firm

Iran sits atop the world's second largest gas reserves after Russia but its national gas company said on Friday it may face rationing if domestic demand continues to increase, a news agency reported.
Published 21 Apr, 2007 12:00am
Taiwan stocks slightly up

Taiwan stocks slightly up

Taiwan shares ended 0.69 percent higher on Friday, led by gains in technology stocks like TSMC and Acer Inc as global markets recovered from concerns over rising interest rates in China. The main TAIEX share index closed up 54.04 points at 7,942.67, recla
Published 21 Apr, 2007 12:00am
Philippines shares rally

Philippines shares rally

Philippines share prices closed 0.52 percent higher on Friday tracking a rebound in Asian markets after heavy losses on Thursday driven by concerns over the fast growing Chinese economy, dealers said. The Philippine Stock Exchange composite index rose 16.
Published 21 Apr, 2007 12:00am
Hong Kong stocks surge

Hong Kong stocks surge

Hong Kong blue chips rose 1.3 percent on Friday, reversing some of their losses from last session's sell-off, with China Mobile leading the gains before its first-quarter earnings report due later in the day.
Published 21 Apr, 2007 12:00am
Dow hits record close for second straight day

Dow hits record close for second straight day

The Dow Jones Industrial Average closed at a record high above 12,800 points for a second straight day on Thursday as robust earnings news fuelled modest gains for blue chips in a mixed overall market. Better-than-expected earnings from financial heavywei
Published 21 Apr, 2007 12:00am
Thai stocks finish with little gains

Thai stocks finish with little gains

Thai share prices closed marginally higher on Friday, supported by gains across the region as concerns over China's breakneck economic growth eased, dealers said.
Published 21 Apr, 2007 12:00am
US Treasury: profit-taking dominates

US Treasury: profit-taking dominates

US government debt prices slipped on Thursday after an early safe-haven bid for Treasuries faded and traders took profits. "This week we had a decent rally, which was really a correction of an oversold condition," said John Canavan, analyst at Stone and M
Published 21 Apr, 2007 12:00am
US Treasury: profit-taking dominates

US Treasury: profit-taking dominates

US government debt prices slipped on Thursday after an early safe-haven bid for Treasuries faded and traders took profits. "This week we had a decent rally, which was really a correction of an oversold condition," said John Canavan, analyst at Stone and M
Published 21 Apr, 2007 12:00am
Indian shares rise

Indian shares rise

Indian share prices rose 2.03 percent on Friday on improved fund buying after two of India's top software exporters gave higher fourth quarter earnings, dealers said. They said the markets could gain further next week despite concerns of a tightening in m
Published 21 Apr, 2007 12:00am
Malaysian stocks soar

Malaysian stocks soar

Malaysian share prices closed 0.69 percent higher on Friday on a technical rebound with investors picking up bargains in index-linked stocks after Thursday's sell-off, dealers said. The Kuala Lumpur Composite Index closed up 9.01 points at 1,315.37, off a
Published 21 Apr, 2007 12:00am
Jakarta shares climb

Jakarta shares climb

Jakarta share prices closed 2.63 percent higher on Friday with the main index ending at another all-time high in a technical rebound after Thursday's sell-off, dealers said. They said buying interest was boosted by hopes that many companies would report s
Published 21 Apr, 2007 12:00am
Nikkei jumps

Nikkei jumps

The Nikkei rose 0.46 percent on Friday, recouping some of the previous session's losses that came amid an Asian equity sell-off, as Advantest Corp and other exporters rebounded on a weaker yen and following calm trade in major overseas markets.
Published 21 Apr, 2007 12:00am
Singapore shares close firmer

Singapore shares close firmer

Singapore share prices closed 2.11 percent higher on Friday on a technical rebound after steep losses triggered by fears of credit-tightening measures in China, dealers said. The Straits Times Index closed up 69.39 points at 3,360.67 on volume of 4.11 bil
Published 21 Apr, 2007 12:00am
Yuan ends lower

Yuan ends lower

China's yuan closed lower against the dollar on Friday as market expectations of a quicker pace of yuan appreciation, fuelled by the prospects of an interest rate hike, were dampened when the central bank set a weaker mid-point, dealers said.
Published 21 Apr, 2007 12:00am
Yen slips

Yen slips

The yen slipped on Friday as Asian stocks markets rebounded from a sell-off a day earlier on worries about an overheating Chinese economy, calming fears that investors could rush to unwind carry trades.
Published 21 Apr, 2007 12:00am
Yen gains

Yen gains

The yen climbed on Thursday as worries about a possible near-term interest rate hike in China to slow its accelerating economy prompted investors to unwind trades funded by low rates in the Japanese currency.
Published 21 Apr, 2007 12:00am
Swiss franc dips versus euro

Swiss franc dips versus euro

The Swiss franc slipped against the euro on Friday ahead of Swiss producer and import price data for March that could shed light on the need for further interest rate hikes in Switzerland to fight off inflation.
Published 21 Apr, 2007 12:00am
Asian currencies up

Asian currencies up

The Philippine peso hit a six-year high on Friday, recovering from losses the previous day triggered by concerns about further policy tightening in China, and most other Asian currencies also rose.
Published 21 Apr, 2007 12:00am
Hong Kong dollar inches lower

Hong Kong dollar inches lower

The Hong Kong dollar edged lower on Friday, undermined by arbitrage buying of the US dollar. The domestic currency was trading at 7.8140/45 to the US dollar, having touched a low of 7.8151 in the morning, weaker than 7.8132/34 in late Asia trade on Thursd
Published 21 Apr, 2007 12:00am
Bangladesh coach Whatmore quits

Bangladesh coach Whatmore quits

Dav Whatmore has decided to quit as Bangladesh coach but has agreed to stay on for the home series against India next month, an official said Friday. "Dav Whatmore has conveyed to the Bangladesh Cricket Board (BCB) that he will leave the post but will con
Published 21 Apr, 2007 12:00am
Moores takes over from Fletcher as England coach

Moores takes over from Fletcher as England coach

Peter Moores was Friday named as England's new head coach following the resignation of Duncan Fletcher in the wake of Michael Vaughan's side early elimination from the World Cup. Moores was previously head of England's academy set-up and had been widely e
Published 21 Apr, 2007 12:00am
New twist to Woolmer hunt as inquest postponed

New twist to Woolmer hunt as inquest postponed

The inquest into Bob Woolmer's death, scheduled to get underway on Monday, has been postponed due to "new and significant developments". A statement from the Jamaican justice ministry said the decision was taken following advice from the coroner.
Published 21 Apr, 2007 12:00am
Shoaib wants to emulate Wasim

Shoaib wants to emulate Wasim

New Pakistan cricket captain Shoaib Malik said Friday that he wants to be an aggressive leader like his hero Wasim Akram. All-rounder Malik, who was named on Thursday to succeed Inzamam-ul-Haq, said his first priority was to boost the team's confidence af
Published 21 Apr, 2007 12:00am
Brian Lara quits international cricket

Brian Lara quits international cricket

West Indies captain Brian Lara will bring the curtain down on his 17-year, record-breaking, international career on Saturday, ending speculation over his future following his team's dismal World Cup campaign.
Published 21 Apr, 2007 12:00am
India axe Tendulkar and Ganguly for Bangladesh one-dayers

India axe Tendulkar and Ganguly for Bangladesh one-dayers

India on Friday dropped star batsmen Sachin Tendulkar and Sourav Ganguly for next month's one-day series in Bangladesh in an attempt to rebuild after the World Cup debacle. Bowlers Harbhajan Singh, Ajit Agarkar and Irfan Pathan were the other casualties i
Published 21 Apr, 2007 12:00am
EU to tell groups why they're on its terror black list

EU to tell groups why they're on its terror black list

The European Union will send letters to groups and individuals on its terror register to explain why they are listed, EU diplomats said Friday. The decision, to be adopted Monday by EU foreign ministers, was made in the wake of a ruling last year by Europ
Published 21 Apr, 2007 12:00am
EU to discuss Central Asia strategy amid rights worries

EU to discuss Central Asia strategy amid rights worries

EU foreign ministers will discuss a German-led initiative to boost cooperation with energy-rich Central Asia next week, amid calls for them to ensure human rights issues are not sidelined.
Published 21 Apr, 2007 12:00am
Anwar begins campaign in crucial by-election

Anwar begins campaign in crucial by-election

Malaysia's former deputy premier Anwar Ibrahim Friday kicked off campaigning for a crucial by-election seen as a litmus test of popularity for him as well the country's ruling coalition.
Published 21 Apr, 2007 12:00am
BBC leading way into multi-screen entertainment

BBC leading way into multi-screen entertainment

British broadcaster BBC is spearheading the push into multi-screen entertainment taking shape around the world with a raft of projects to soothe viewers' red-hot itch for more on-demand services. The aim is to give viewers access not only to the BBC's cur
Published 21 Apr, 2007 12:00am
Americans mourn victims of campus gunman

Americans mourn victims of campus gunman

Bells were set to toll in the United States Friday marking a day of mourning for 32 students and teachers shot dead on a Virginia university campus by a deranged student.
Published 21 Apr, 2007 12:00am
UK prosecutors mull charges in corruption scandal

UK prosecutors mull charges in corruption scandal

British prosecutors began considering on Friday whether to charge close allies of Tony Blair in a political corruption scandal that has further sullied the prime minister's reputation in his last days in office.
Published 21 Apr, 2007 12:00am
Somali deaths mount, refugee exodus grows

Somali deaths mount, refugee exodus grows

Sporadic shelling and gunfire shook Mogadishu on Friday as a massive exodus from the Somali capital gathered pace from a week of battles residents say has killed at least 30 people and probably far more.
Published 21 Apr, 2007 12:00am
Blair says no need for vote on new EU treaty

Blair says no need for vote on new EU treaty

Prime Minister Tony Blair said on Friday that Britain no longer needs to hold a referendum on a new European Union treaty, a move welcomed by EU leaders battling to replace the bloc's near-dead constitution.
Published 21 Apr, 2007 12:00am
Vermont senate adopts resolution to impeach Bush

Vermont senate adopts resolution to impeach Bush

The Vermont state senate passed a symbolic resolution on Friday calling on the US Congress to impeach US President George W. Bush and Vice President Dick Cheney over their handling of the unpopular Iraq war.
Published 21 Apr, 2007 12:00am
India and China discuss border row

India and China discuss border row

The world's two most populous countries, India and China, began another round of talks Friday to resolve their decades-old border dispute, an official said.
Published 21 Apr, 2007 12:00am
Azeri journalist sentenced for defamation of army

Azeri journalist sentenced for defamation of army

An Azeri court sentenced the country's leading investigative journalist to 30 months in jail on Friday for committing "defamation of the armed forces" in a an article alleging the mass killing of civilians in 1992.
Published 21 Apr, 2007 12:00am
Starlet attempts suicide ahead of wedding

Starlet attempts suicide ahead of wedding

A "mentally disturbed" and little-known Bollywood starlet attempted suicide over the wedding of film star Abhishek Bachchan and former Miss World Aishwarya Rai, reports said Friday. Janavi Kapoor, who is in her mid-20s and goes by the screen name of Naina
Published 21 Apr, 2007 12:00am
Catholic Church buries limbo after centuries

Catholic Church buries limbo after centuries

The Roman Catholic Church has effectively buried the concept of limbo, the place where centuries of tradition and teaching held that babies who die without baptism went.
Published 21 Apr, 2007 12:00am
Iran needs 'few years' to make fuel for atom plants

Iran needs 'few years' to make fuel for atom plants

Iran will need a few more years before it can manufacture enough nuclear fuel to supply its planned power plants, the country's top atomic official said in remarks published on Friday.
Published 21 Apr, 2007 12:00am
French candidates make final campaign push

French candidates make final campaign push

France's presidential candidates made a final push for support on Friday, the last day of campaigning before Sunday's first round ballot with rightist Nicolas Sarkozy and Socialist Segolene Royal favourites to win.
Published 21 Apr, 2007 12:00am
US embassy in Germany boosts security

US embassy in Germany boosts security

The US embassy in Germany said Friday it was increasing security at its facilities in the country due to a "heightened threat situation," although officials in Washington played down the danger. "US diplomatic and consular facilities in Germany are increa
Published 21 Apr, 2007 12:00am
Gates urges Iraq to pass key laws by late summer

Gates urges Iraq to pass key laws by late summer

US Defence Secretary Robert Gates told Iraq's leaders on Friday that progress in reconciling warring sects would be an "important element" when Washington decides this summer whether to maintain higher troop levels.
Published 21 Apr, 2007 12:00am
Abhishek and Aishwarya wed in traditional ceremony

Abhishek and Aishwarya wed in traditional ceremony

Abhishek Bachchan and Aishwarya Rai, one of Bollywood's best-known screen couples, married on Friday in a traditional Hindu wedding in which the groom rode a white horse before the pair took their vows around a sacred fire.
Published 21 Apr, 2007 12:00am
Sterling dips after retail data

Sterling dips after retail data

Sterling briefly dipped below $2 on Friday after data showed UK retail sales growth eased in March, but quickly bounced back as figures did nothing to alter expectations for higher British interest rates. Retail sales rose 0.3 percent in March, less than
Published 21 Apr, 2007 12:00am
Euro closes in on record peak

Euro closes in on record peak

The euro hit a two-year high against the dollar on Friday, coming within half a cent of a lifetime peak as investors compared prospects for rate hikes in the euro zone with those for rate cuts in the United States.
Published 21 Apr, 2007 12:00am
Indian rupee steady

Indian rupee steady

The Indian rupee held near a recent nine-year high on Friday as expectations of renewed capital inflows boosted sentiment and a cash crunch in the money market spurred banks to pare dollar holdings, traders said.
Published 21 Apr, 2007 12:00am
Bunds slip as trading cues mixed

Bunds slip as trading cues mixed

Euro zone government bonds fell slightly on Friday in a choppy session as a rise in the euro and a rally in stock markets gave investors conflicting trading cues. Providing a positive backdrop for government debt, the euro hit two-year highs against the d
Published 21 Apr, 2007 12:00am
Bunds slip as trading cues mixed

Bunds slip as trading cues mixed

Euro zone government bonds fell slightly on Friday in a choppy session as a rise in the euro and a rally in stock markets gave investors conflicting trading cues. Providing a positive backdrop for government debt, the euro hit two-year highs against the d
Published 21 Apr, 2007 12:00am
Chinese shares regain almost all prior day's losses

Chinese shares regain almost all prior day's losses

Chinese stocks rose sharply on Friday, recovering almost all of Thursday's 4.52 percent loss, as confidence returned after a brief panic in response to high inflation data. The benchmark Shanghai Composite Index ended 3.92 percent higher at 3,584.204 poin
Published 21 Apr, 2007 12:00am
Seoul shares rebound

Seoul shares rebound

South Korean shares recovered on Friday from a sell-off and headed back towards recent record highs, after US markets proved unfazed by China's interest rate outlook, comforting investors who had feared far worse.
Published 21 Apr, 2007 12:00am
FTSE up on bank merger talk

FTSE up on bank merger talk

Britain's top share index closed up 0.7 percent on Friday, with a $22 billion bid battle for pharmacy group Alliance Boots, further possible merger activity in the European banking sector and stronger US stocks all lending support.
Published 21 Apr, 2007 12:00am
London sugar ends near 17-month low

London sugar ends near 17-month low

London benchmark white sugar futures closed near a 17-month low on Friday on fund and trade selling sparked by persisting worries about the global sugar surplus, dealers said. August pared losses to end down $3.20 at $309.90 per tonne in steady volume of
Published 21 Apr, 2007 12:00am
Canada farmers could plant record canola

Canada farmers could plant record canola

Canadian farmers will boost canola plantings this year to what could be a record level, lured by the burgeoning biodiesel industry, grain traders and analysts said on Friday, ahead of a key report next week.
Published 21 Apr, 2007 12:00am
Oil rises on worries over Nigeria violence

Oil rises on worries over Nigeria violence

Crude oil prices rose on Friday, supported by concern that weekend elections in Nigeria increased the risk to energy supply from the world's eighth-largest exporter. Heavy gunfire and explosions broke out near the headquarters of the Bayelsa state governm
Published 21 Apr, 2007 12:00am
Private equity giants battle over Alliance Boots

Private equity giants battle over Alliance Boots

A cross-Atlantic bidding war erupted on Friday for Europe's biggest pharmacy chain Alliance Boots as US and British private equity groups launched rival cash bids approaching 11.0 billion pounds. A take-over backed by either Terra Firma or Kohlberg Kravis
Published 21 Apr, 2007 12:00am
Private equity giants battle over Alliance Boots

Private equity giants battle over Alliance Boots

A cross-Atlantic bidding war erupted on Friday for Europe's biggest pharmacy chain Alliance Boots as US and British private equity groups launched rival cash bids approaching 11.0 billion pounds. A take-over backed by either Terra Firma or Kohlberg Kravis
Published 21 Apr, 2007 12:00am
New York cotton rebounds technical buying

New York cotton rebounds technical buying

US cotton futures rose more than 1 percent Friday after light technical buying propped a market that has seen declines through most of April. Cotton for July delivery on the New York Board of Trade (NYBOT) ended open-outcry trade at 52.09 cents a lb, up 0
Published 21 Apr, 2007 12:00am
China and Australia to push free trade talks

China and Australia to push free trade talks

Australia and China will push for progress in free-trade talks ahead of Chinese President Hu Jintao's visit to Sydney in September, Australia's trade minister said here on Friday. "Minister Bo and I reaffirmed our commitment to achieving progress in the n
Published 21 Apr, 2007 12:00am
Copper nears seven-month high

Copper nears seven-month high

Copper surged close to its seven-month high on Friday, fuelled by expectations that a robust Chinese economy will boost demand for base metals and on further supply tightness looming in Indonesia. London-listed miners like Vedanta Resources, Kazakhmys and
Published 21 Apr, 2007 12:00am
Gold hits 11-month high

Gold hits 11-month high

Gold hit an 11-month high on Friday and platinum rose to its highest in five months, buoyed by a weaker dollar and hopes that proposed exchange-traded funds would boost demand for precious metals. A rebound in Chinese stock markets also helped the bullion
Published 21 Apr, 2007 12:00am
US MIDDAY: cocoa soars

US MIDDAY: cocoa soars

US cocoa futures surged to close higher in a late-day rally Friday, after trade buying buoyed prices off earlier lows dating back nearly five weeks, traders said. "When we got down to that $1,825 level (basis July), trade buying was (high) in volume there
Published 21 Apr, 2007 12:00am
US MIDDAY: wheat choppy

US MIDDAY: wheat choppy

Wheat futures at the Chicago Board of Trade were mixed at midsession on Friday as the market consolidated after a strong rally and bull-spreading on Thursday, traders said. As of 11:05 am CDT (1605 GMT), May wheat was down 1 cent at $4.95 per bushel, with
Published 21 Apr, 2007 12:00am
US MIDDAY: corn down

US MIDDAY: corn down

Corn futures at the Chicago Board of Trade ended down sharply on Friday with better planting weather in the US Midwest and profit-taking in the old-crop contracts hitting prices, traders said.
Published 21 Apr, 2007 12:00am
US MIDDAY: soyabeans climb

US MIDDAY: soyabeans climb

Soybean futures at the Chicago Board of Trade turned up Friday and climbed on technical buying, traders said. "Technically, soybeans and oil look strong for the short term - they both turned around this morning," one CBOT trader said.
Published 21 Apr, 2007 12:00am
US MIDDAY: copper futures up

US MIDDAY: copper futures up

US copper futures closed higher on Friday after possible monetary tightening concerns from China subsided and investors refocused on demand and supply-side fundamentals, most notably in Indonesia, analysts said.
Published 21 Apr, 2007 12:00am
US MIDDAY: precious metals higher

US MIDDAY: precious metals higher

US gold futures finished more than 1 percent higher on Friday as proposals for physically backed exchange-traded funds boosted interest among investors, inching closer to the psychological $700 level.
Published 21 Apr, 2007 12:00am
Pitex starts at Fortress Expo Center

Pitex starts at Fortress Expo Center

The 8th Pitex (Pakistan Information and Telecom Exhibition) organised by the Event and Conference kicked off here at Fortress Expo Center on Friday. The event, which is done in collaboration Punjab Information Technology Board, is a mega event of Punjab,
Published 21 Apr, 2007 12:00am
Self-determination best Kashmir solution: JKCHR

Self-determination best Kashmir solution: JKCHR

Jammu and Kashmir Council for Human Rights (JKCHR) hosted a reception in honour of Rapporteur of Kashmir Baroness Emma Nicholson here in London. Welcoming the Baroness JKCHR Secretary General Dr Syed Nazir Gilani said that it is not the first or last repo
Published 21 Apr, 2007 12:00am
Shaukat for collective response to threats of terrorism

Shaukat for collective response to threats of terrorism

Prime Minister Shaukat Aziz on Friday pointing at threats of terrorism, proliferation of weapons of mass destruction and "clash of civilisations" called for "collective response", more tolerance and understanding of each other's political and social syste
Published 21 Apr, 2007 12:00am
Khawaja Ghulam Fareed's Urs starts from April 23

Khawaja Ghulam Fareed's Urs starts from April 23

The three-day long celebration of 109th annual Urs of spiritual mentor and a poet Hazrat Khawaja Ghulam Fareed will start from April 23 at his shrine at Kot Mithan, Rajanpur. The Punjab Auqaf Department has released a grant of Rs 150000 for Urs expenditur
Published 21 Apr, 2007 12:00am
World Bank releases $45.65 million for land record computerisation

World Bank releases $45.65 million for land record computerisation

The World Bank has released a grant of $45.65 million for the first phase of Land Revenue Record Computerisation project. Punjab Minister for Revenue, Relief and Consolidation, Gul Hameed Khan Rokhari said while talking to different delegations in his off
Published 21 Apr, 2007 12:00am
UAE group to build solar, wind power plants in Gwadar

UAE group to build solar, wind power plants in Gwadar

A leading United Arab Emirates (UAE) based, Dhabian Group of Companies will set up a manufacturing unit to produce high quality but cheaper small solar and wind power plants in Gwadar industrial area.
Published 21 Apr, 2007 12:00am
Late Bob Woolmer

Late Bob Woolmer

Salahuddin's rhetorics against the late Bob Woolmer and Shehryar Khan have finally paid off on his attaining Chief Selector's job. Surprisingly not a word was uttered by him against the current PCB Chief who is equally incompetent as others. Perhaps the n
Published 21 Apr, 2007 12:00am
Loadshedding

Loadshedding

Once again the Karachiites are facing extreme problems due to load shedding, which put their lives in miserable conditions. The deplorable performance of incapable management of KESC created the impediments to perform daily routines matters as well as oth
Published 21 Apr, 2007 12:00am
Fluorescent lamps instead of bulbs!

Fluorescent lamps instead of bulbs!

The country is facing a severe shortage of energy, and conservation is the only way to deal with it. Conservation can be done not only by switching off lights when they are not required, but also by using energy efficient appliances.
Published 21 Apr, 2007 12:00am
Why is CJP called 'Non-functional'?

Why is CJP called 'Non-functional'?

A notorious official notification of Government of Pakistan of 9th March 2007 made the Chief Justice of Pakistan "non-functional". But very soon it transpired that, there is no such term as "non-functional", and no Chief Justice can be designated as "Non-
Published 21 Apr, 2007 12:00am
Arctic mosque stays open but Muslim numbers shrink

Arctic mosque stays open but Muslim numbers shrink

Mukum Sidikov's grandfather left Norilsk after surviving the labour camps of Soviet dictator Josef Stalin. Sidikov, caretaker of the world's most northerly mosque, retraced his grandfather's footsteps in search of well-paid work in the Russian Arctic.
Published 21 Apr, 2007 12:00am
Poverty and related issues

Poverty and related issues

In its most extreme form, poverty is a lack of basic human needs, such as adequate and nutritious food, clothing, housing, clean water, and health services. Extreme poverty can cause terrible suffering and death, and even modest levels of poverty can prev
Published 21 Apr, 2007 12:00am
Banishment of the Begums

Banishment of the Begums

Former Bangladesh prime minister Sheikh Hasina Wajid has been served notice by the military-backed caretaker government not to return home. Apparently to keep her out, first a murder case was registered against her but, when she insisted on returning home
Published 21 Apr, 2007 12:00am
A landmark in Pak-China relations

A landmark in Pak-China relations

Pakistan and China have signed 27 agreements and MoUs - 14 in public sector and 13 in private sector - that will further deepen bilateral cooperation in diverse fields, including energy, trade, defence, space and technology. The signing of the accords mar
Published 21 Apr, 2007 12:00am
Political suicide if PPP strikes deal with rulers: PML-N

Political suicide if PPP strikes deal with rulers: PML-N

Pakistan Muslim League (Nawaz) (PML-N) said on Friday that Pakistan Peoples Party (PPP) would commit political suicide if it struck any deals with Musharraf regime. "We consider the deal or compromise an insult to us. It would be a political suicide if an
Published 21 Apr, 2007 12:00am
New hostels for policemen being constructed

New hostels for policemen being constructed

New hostels and barracks for police official are being constructed in the districts of Lahore, Rawalpindi and Multan with a total cost of Rs 325.157 million. This was informed in a meeting held here on Friday to review the pace of development work on barr
Published 21 Apr, 2007 12:00am
Lawyers convention on April 22

Lawyers convention on April 22

Lawyers continued their protest on Friday against the government for its disregard to the independence of judiciary and making Chief Justice of the Supreme Court of Pakistan Iftikhar Mohammed Chaudhry dysfunctional.
Published 21 Apr, 2007 12:00am
Traders to protest loadshedding on April 27

Traders to protest loadshedding on April 27

Alliance of Market Association (AMA) Karachi has given a protest demonstration call on Friday, April 27 against the continued loadshedding. The protest demonstration will be staged in front of the KESC head office.
Published 21 Apr, 2007 12:00am
Call to expedite process of Sukkur dry port establishment

Call to expedite process of Sukkur dry port establishment

The Sukkur Chamber of Commerce and Industry (SCCI) has urged the ministries of Railway, Finance and Commerce to expedite the process for the establishment of Dry Port at Sukkur in order to promote business and industrial activities of this downtrodden are
Published 21 Apr, 2007 12:00am
KESC clandestinely raises tariff rates: TMA

KESC clandestinely raises tariff rates: TMA

Recently issued bills show that KESC has increased one-sided rates of fuel adjustment charges from January to March 2007, Towel Manufacturers' Association of Pakistan said on Friday. It said in a release that rates of fuel adjustment charges during three
Published 21 Apr, 2007 12:00am
Pacra maintains entity ratings of TPFL

Pacra maintains entity ratings of TPFL

The Pakistan Credit Rating Agency (Pacra) has maintained both long-term and short-term entity ratings of Tri-Pack Films Limited (TPFL) at "A+"(single A plus) and "A1" (A one), respectively. These ratings denote a low expectation of credit risk emanating f
Published 21 Apr, 2007 12:00am
Pacra maintains entity ratings of TPFL

Pacra maintains entity ratings of TPFL

The Pakistan Credit Rating Agency (Pacra) has maintained both long-term and short-term entity ratings of Tri-Pack Films Limited (TPFL) at "A+"(single A plus) and "A1" (A one), respectively. These ratings denote a low expectation of credit risk emanating f
Published 21 Apr, 2007 12:00am
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