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Print - 2007-05-02
Expert needed to explore Afghan and CARs trade: Bilour

Expert needed to explore Afghan and CARs trade: Bilour

Chairman, Afghan-Pak Chamber of Commerce & Industry (APCCI), Senator Ilyas Ahmad Bilour on Tuesday directed hiring the services of an expert consultant to study trade potentials with Afghanistan & the Central Asian Republic (CAR), hurdles in promotion of
Published 02 May, 2007 12:00am
HRW terms Musharraf's re-election plan a sham

HRW terms Musharraf's re-election plan a sham

President Pervez Musharraf's plan to get re-elected by the sitting parliament before a general election would bypass the democratic process and be a sham, a prominent rights group said on Tuesday.
Published 02 May, 2007 12:00am
HRW terms Musharraf's re-election plan a sham

HRW terms Musharraf's re-election plan a sham

President Pervez Musharraf's plan to get re-elected by the sitting parliament before a general election would bypass the democratic process and be a sham, a prominent rights group said on Tuesday.
Published 02 May, 2007 12:00am
Sheikh Saeed bin Al-Nahayan dies in car crash

Sheikh Saeed bin Al-Nahayan dies in car crash

United Arab Emirates Education Minister, Chairman of Bank Al-Falah, Warid Telecom and Wateen Telecom, Sheikh Mubarak Al-Nahayan Al-Mubarak's son Sheikh Saeed bin Al-Nahayan, who was only 25 years old, passed away on Monday in a road accident.
Published 02 May, 2007 12:00am
Sheikh Saeed bin Al-Nahayan dies in car crash

Sheikh Saeed bin Al-Nahayan dies in car crash

United Arab Emirates Education Minister, Chairman of Bank Al-Falah, Warid Telecom and Wateen Telecom, Sheikh Mubarak Al-Nahayan Al-Mubarak's son Sheikh Saeed bin Al-Nahayan, who was only 25 years old, passed away on Monday in a road accident.
Published 02 May, 2007 12:00am
US and India seek to revive historic nuclear deal

US and India seek to revive historic nuclear deal

The United States and India vied Tuesday to revive a historic nuclear deal struck nearly two years ago that has languished owing to critical differences over its implementation, officials said.
Published 02 May, 2007 12:00am
US and India seek to revive historic nuclear deal

US and India seek to revive historic nuclear deal

The United States and India vied Tuesday to revive a historic nuclear deal struck nearly two years ago that has languished owing to critical differences over its implementation, officials said.
Published 02 May, 2007 12:00am
FPCCI to launch business, cost-of-living indexes

FPCCI to launch business, cost-of-living indexes

The country''s apex trade body, Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has planned to launch ''Business Index'' to describe the trend and direction of business environment in the country.
Published 02 May, 2007 12:00am
FPCCI to launch business, cost-of-living indexes

FPCCI to launch business, cost-of-living indexes

The country's apex trade body, Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has planned to launch 'Business Index' to describe the trend and direction of business environment in the country.
Published 02 May, 2007 12:00am
FPCCI to launch business, cost-of-living indexes

FPCCI to launch business, cost-of-living indexes

The country's apex trade body, Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has planned to launch 'Business Index' to describe the trend and direction of business environment in the country.
Published 02 May, 2007 12:00am
Pakistan among 10 worst states for press freedom

Pakistan among 10 worst states for press freedom

The top 10 worst countries for press freedom are Ethiopia, Gambia, Russia, Democratic Republic of Congo, Cuba, Pakistan, Egypt, Azerbaijan, Morocco and Thailand, a US-based media watchdog said on Tuesday.
Published 02 May, 2007 12:00am
Pakistan among 10 worst states for press freedom

Pakistan among 10 worst states for press freedom

The top 10 worst countries for press freedom are Ethiopia, Gambia, Russia, Democratic Republic of Congo, Cuba, Pakistan, Egypt, Azerbaijan, Morocco and Thailand, a US-based media watchdog said on Tuesday.
Published 02 May, 2007 12:00am
Rs 2.26 billion released for ongoing uplift projects

Rs 2.26 billion released for ongoing uplift projects

Sindh Finance Department has released Rs 2.26 billion to be distributed among 23 districts in accordance with the formula devised for Provincial Financial Award, it is learnt on Tuesday.
Published 02 May, 2007 12:00am
Seed supply system to farmers termed fragile

Seed supply system to farmers termed fragile

The seed supply system has many weaknesses as for as protection of farmers' seed rights is concerned, therefore, efforts should be made to increase the agricultural productivity. It could be an exercise in futility without protecting the farmers' rights t
Published 02 May, 2007 12:00am
Markets closed

Markets closed

The major commodity markets of the provincial metropolis including currency, gold and paper markets remained closed on the eve of May Day. Akbari mandi, Anarkali Bazar and Urdu Bazar also remained closed on Tuesday with a complete deserted look.
Published 02 May, 2007 12:00am
PTA flays two cellular firms, PTCL working

PTA flays two cellular firms, PTCL working

Pakistan Telecommunication Authority (PTA) has said that there were complaints about complexity and obscurity in billing procedures and overcharging by some cellular operators and PTCL''s workings left much to be desired.
Published 02 May, 2007 12:00am
PTA flays two cellular firms, PTCL working

PTA flays two cellular firms, PTCL working

Pakistan Telecommunication Authority (PTA) has said that there were complaints about complexity and obscurity in billing procedures and overcharging by some cellular operators and PTCL's workings left much to be desired.
Published 02 May, 2007 12:00am
PTA flays two cellular firms, PTCL working

PTA flays two cellular firms, PTCL working

Pakistan Telecommunication Authority (PTA) has said that there were complaints about complexity and obscurity in billing procedures and overcharging by some cellular operators and PTCL's workings left much to be desired.
Published 02 May, 2007 12:00am
Sugar production may increase to 3.7 million tonnes

Sugar production may increase to 3.7 million tonnes

Pakistan's MY 2007/08 sugar production is forecast to increase to 3.7 million metric tonnes because of higher yields and an increase in sugarcane acreage triggered by high market prices during last season, according to a US attache in Islamabad.
Published 02 May, 2007 12:00am
Sale of Iranian petrol costing millions to exchequer

Sale of Iranian petrol costing millions to exchequer

The government is sustaining loss of millions of rupees due to unauthorised sale of smuggled Iranian petrol in most parts of southern Punjab, including D G Khan, Choti Zaireen, Jampur, etc.
Published 02 May, 2007 12:00am
UK doctors test gene therapy to treat blindness

UK doctors test gene therapy to treat blindness

A team of British doctors has carried out the world's first eye operations using gene therapy to try to cure a serious sight disorder, officials said on Tuesday.
Published 02 May, 2007 12:00am
UK doctors test gene therapy to treat blindness

UK doctors test gene therapy to treat blindness

A team of British doctors has carried out the world's first eye operations using gene therapy to try to cure a serious sight disorder, officials said on Tuesday.
Published 02 May, 2007 12:00am
Agriculture Forum demands construction of dams

Agriculture Forum demands construction of dams

Agri-Forum Pakistan has urged the government to ensure construction of Kalabagh and other dams and realise the importance of water for agriculture sector which is backbone of the national economy.
Published 02 May, 2007 12:00am
Former Thai prime minister mulling Man City takeover

Former Thai prime minister mulling Man City takeover

Former Thai prime minister Thaksin Shinawatra is the front runner to take over Manchester City after being given access to the English Premier League club's accounts, British media reported on Tuesday.
Published 02 May, 2007 12:00am
Qwest profit rises on cost cuts

Qwest profit rises on cost cuts

Qwest Communications International Inc's first-quarter profit nearly tripled, beating market expectations, as the phone company cut costs and gained high-speed Internet subscribers. The stock rose more than 2 percent on the results.
Published 02 May, 2007 12:00am
Qwest profit rises on cost cuts

Qwest profit rises on cost cuts

Qwest Communications International Inc's first-quarter profit nearly tripled, beating market expectations, as the phone company cut costs and gained high-speed Internet subscribers. The stock rose more than 2 percent on the results.
Published 02 May, 2007 12:00am
Indonesia inflation eases in April

Indonesia inflation eases in April

Indonesia's annual inflation rate eased in April from March as rice prices stabilised, which could give the central bank room to cut interest rates next week. The central bank left interest rates steady last month at 9.0 percent - following a string of ni
Published 02 May, 2007 12:00am
Ford US April sales fall 13 percent

Ford US April sales fall 13 percent

Ford Motor Co said on Tuesday US April vehicle sales fell 13 percent from a year earlier, hurt by a weak housing market and a cutback in fleet sales. The No 2 US automaker said it sold 228,623 vehicles in the United States last month, compared with 262,72
Published 02 May, 2007 12:00am
Ford US April sales fall 13 percent

Ford US April sales fall 13 percent

Ford Motor Co said on Tuesday US April vehicle sales fell 13 percent from a year earlier, hurt by a weak housing market and a cutback in fleet sales. The No 2 US automaker said it sold 228,623 vehicles in the United States last month, compared with 262,72
Published 02 May, 2007 12:00am
Taiwan telecom workers protest early retirement plans

Taiwan telecom workers protest early retirement plans

Thousands of workers from Taiwan's leading telecom operator, Chunghwa Telecom, rallied Tuesday to protest the company's early retirement plans which they said threatened their rights.
Published 02 May, 2007 12:00am
Broadcom subpoenaed over previous options grants

Broadcom subpoenaed over previous options grants

Chip designer Broadcom Corp said on Tuesday it had received and complied with grand jury subpoenas for documents on stock options grants as part of a widening probe into its accounting practices. The company also said federal prosecutors had begun to inte
Published 02 May, 2007 12:00am
Japan cash earnings, overtime pay fall in March

Japan cash earnings, overtime pay fall in March

Japanese wage earners' total cash earnings fell slightly in March from a year earlier for the fourth month in a row, data showed on Tuesday, cementing views that the Bank of Japan (BOJ) will go slow in raising interest rates amid tame wages and prices.
Published 02 May, 2007 12:00am
Slow pace of sell-off process irks Prime Minister

Slow pace of sell-off process irks Prime Minister

Prime Minister Shaukat Aziz has expressed concern over slow privatisation process, and asked the concerned authorities to do more to meet the target of 2006-07. Sources said that the Prime Minister wants sell-off of at least five major public sector oil a
Published 02 May, 2007 12:00am
Slow pace of sell-off process irks Prime Minister

Slow pace of sell-off process irks Prime Minister

Prime Minister Shaukat Aziz has expressed concern over slow privatisation process, and asked the concerned authorities to do more to meet the target of 2006-07. Sources said that the Prime Minister wants sell-off of at least five major public sector oil a
Published 02 May, 2007 12:00am
Slow pace of sell-off process irks Prime Minister

Slow pace of sell-off process irks Prime Minister

Prime Minister Shaukat Aziz has expressed concern over slow privatisation process, and asked the concerned authorities to do more to meet the target of 2006-07. Sources said that the Prime Minister wants sell-off of at least five major public sector oil a
Published 02 May, 2007 12:00am
July-February fertiliser output down 2.98 percent

July-February fertiliser output down 2.98 percent

The growth in fertiliser industry during July-February, a major contributors to large-scale manufacturing, has declined by 2.98 percent from 2006-07 against corresponding period of last year.
Published 02 May, 2007 12:00am
July-February fertiliser output down 2.98 percent

July-February fertiliser output down 2.98 percent

The growth in fertiliser industry during July-February, a major contributors to large-scale manufacturing, has declined by 2.98 percent from 2006-07 against corresponding period of last year.
Published 02 May, 2007 12:00am
July-February fertiliser output down 2.98 percent

July-February fertiliser output down 2.98 percent

The growth in fertiliser industry during July-February, a major contributors to large-scale manufacturing, has declined by 2.98 percent from 2006-07 against corresponding period of last year.
Published 02 May, 2007 12:00am
Huge amounts detected in internal audit: CBR orders recovery

Huge amounts detected in internal audit: CBR orders recovery

The Central Board of Revenue (CBR) has expressed concern over delay in desk-audit of companies by Income Tax (Audit) Commissioners during 2006-07, and has ordered forthwith recovery of duties and taxes in cases where detections of huge amounts were made t
Published 02 May, 2007 12:00am
Huge amounts detected in internal audit: CBR orders recovery

Huge amounts detected in internal audit: CBR orders recovery

The Central Board of Revenue (CBR) has expressed concern over delay in desk-audit of companies by Income Tax (Audit) Commissioners during 2006-07, and has ordered forthwith recovery of duties and taxes in cases where detections of huge amounts were made t
Published 02 May, 2007 12:00am
Huge amounts detected in internal audit: CBR orders recovery

Huge amounts detected in internal audit: CBR orders recovery

The Central Board of Revenue (CBR) has expressed concern over delay in desk-audit of companies by Income Tax (Audit) Commissioners during 2006-07, and has ordered forthwith recovery of duties and taxes in cases where detections of huge amounts were made t
Published 02 May, 2007 12:00am
South Asia uplift depends on regular gas supply: Jadoon

South Asia uplift depends on regular gas supply: Jadoon

Federal Minister for Petroleum and Natural Resources, Amanullah Khan Jadoon has said that economic development of South Asian region depends upon undisrupted supply of oil and gas at reasonable price. He also stressed on intra-region and inter-region coop
Published 02 May, 2007 12:00am
8.6 percent growth in major items exports to EU: TDAP

8.6 percent growth in major items exports to EU: TDAP

The export of major exportable items ie textile and garments products posted growth in the first eight months of current financial year, the Trade Development Authority of Pakistan (TDAP) said. According to a presentation by CEO, TDAP, Tariq Ikram, to Min
Published 02 May, 2007 12:00am
8.6 percent growth in major items exports to EU: TDAP

8.6 percent growth in major items exports to EU: TDAP

The export of major exportable items ie textile and garments products posted growth in the first eight months of current financial year, the Trade Development Authority of Pakistan (TDAP) said. According to a presentation by CEO, TDAP, Tariq Ikram, to Min
Published 02 May, 2007 12:00am
8.6 percent growth in major items exports to EU: TDAP

8.6 percent growth in major items exports to EU: TDAP

The export of major exportable items ie textile and garments products posted growth in the first eight months of current financial year, the Trade Development Authority of Pakistan (TDAP) said. According to a presentation by CEO, TDAP, Tariq Ikram, to Min
Published 02 May, 2007 12:00am
Textile units forced to get captive power generation

Textile units forced to get captive power generation

The export-oriented textile units of the country have been compelled to produce captive power generation, as country''s power utilities providers have failed to cater to the industrial needs, industrialists told Business Recorder.
Published 02 May, 2007 12:00am
Textile units forced to get captive power generation

Textile units forced to get captive power generation

The export-oriented textile units of the country have been compelled to produce captive power generation, as country's power utilities providers have failed to cater to the industrial needs, industrialists told Business Recorder.
Published 02 May, 2007 12:00am
Textile units forced to get captive power generation

Textile units forced to get captive power generation

The export-oriented textile units of the country have been compelled to produce captive power generation, as country's power utilities providers have failed to cater to the industrial needs, industrialists told Business Recorder.
Published 02 May, 2007 12:00am
Anomalous policy forces chemical units'' closure

Anomalous policy forces chemical units'' closure

Anomalous policy and an apparent partisan move is blamed for the eventual closure of six chemical manufacturing units rendering hundreds of worker jobless. The chemical is a basic ingredient for manufacturing and is used as basic input in four industries
Published 02 May, 2007 12:00am
Anomalous policy forces chemical units' closure

Anomalous policy forces chemical units' closure

Anomalous policy and an apparent partisan move is blamed for the eventual closure of six chemical manufacturing units rendering hundreds of worker jobless. The chemical is a basic ingredient for manufacturing and is used as basic input in four industries
Published 02 May, 2007 12:00am
The Weather

The Weather

The weather report on Tuesday (May 01, 2007) and the forecast for Wednesday (May 02, 2007).
Published 02 May, 2007 12:00am
Anomalous policy forces chemical units' closure

Anomalous policy forces chemical units' closure

Anomalous policy and an apparent partisan move is blamed for the eventual closure of six chemical manufacturing units rendering hundreds of worker jobless. The chemical is a basic ingredient for manufacturing and is used as basic input in four industries
Published 02 May, 2007 12:00am
New York cotton

New York cotton

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

Published 02 May, 2007 12:00am
Lawyers' strike today

Lawyers' strike today

Karachi lawyers' fraternity, after a call from the Pakistan Bar Council and the Supreme Court Bar Association would observe a complete strike and boycott court proceedings on Wednesday.
Published 02 May, 2007 12:00am
New York cotton

New York cotton

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

Published 02 May, 2007 12:00am
Formation of Fata council demanded to control extremism

Formation of Fata council demanded to control extremism

Tribal organisations on Tuesday demanded amendment in local government Act to establish an empowered and elected Fata Council of all tribal agencies as well as urged for giving agency councillors the power to elect Nazim Ala of the council.
Published 02 May, 2007 12:00am
Key stock and currency market movements

Key stock and currency market movements

The latest close of key indices on major world stock exchanges and the London closing values of the euro, the Japanese yen, the British pound and gold bullion (previous day's closes in brackets).

Published 02 May, 2007 12:00am
US immigrants flex muscle at rallies

US immigrants flex muscle at rallies

Demonstrators toting placards and bullhorns rallied across the United States on Tuesday to demand rights for illegal immigrants, although the turnout was down from mass rallies a year ago, organisers said.
Published 02 May, 2007 12:00am
Turkish Prime Minister proposes reforms

Turkish Prime Minister proposes reforms

Turkish Prime Minister Recep Tayyip Erdogan on Tuesday unveiled a reform package, including having future presidents elected by popular vote instead of by parliament. The package, which could change the face of Turkish politics, would require constitution
Published 02 May, 2007 12:00am
Congress signs Iraq war timeline bill

Congress signs Iraq war timeline bill

US House of Representatives Speaker Nancy Pelosi signed Tuesday a bill tying funding to the war in Iraq to a timeline for withdrawal, despite President George W. Bush's pledge to veto it. "I urge the president to sign the war on terror supplemental," Pelo
Published 02 May, 2007 12:00am
Embattled Bush to veto Iraq deadline

Embattled Bush to veto Iraq deadline

President George W. Bush was set to veto a bill including a Congress-mandated Iraq withdrawal timeline within hours Tuesday, exactly four years after declaring the end of major combat operations.
Published 02 May, 2007 12:00am
Killing of Abu Masri denied

Killing of Abu Masri denied

A coalition of Sunni insurgent groups led by al Qaeda's Iraq branch denied on Tuesday that its leader, known by US officials as Abu Ayyub al-Masri, had been killed, in an Internet statement. "The Islamic State of Iraq reassures the Ummah on the safety of
Published 02 May, 2007 12:00am
Killing of Abu Masri denied

Killing of Abu Masri denied

A coalition of Sunni insurgent groups led by al Qaeda's Iraq branch denied on Tuesday that its leader, known by US officials as Abu Ayyub al-Masri, had been killed, in an Internet statement. "The Islamic State of Iraq reassures the Ummah on the safety of
Published 02 May, 2007 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Tuesday (May 01, 2007).

Published 02 May, 2007 12:00am
Haj quota increased: minister

Haj quota increased: minister

The government has increased Haj quota and 160,000 intending pilgrims would perform the next Haj from Pakistan. This was stated by Religious Affairs Minister Muhammad Ejazul Haq while addressing a news conference here on Tuesday after returning from Saudi
Published 02 May, 2007 12:00am
Haj quota increased: minister

Haj quota increased: minister

The government has increased Haj quota and 160,000 intending pilgrims would perform the next Haj from Pakistan. This was stated by Religious Affairs Minister Muhammad Ejazul Haq while addressing a news conference here on Tuesday after returning from Saudi
Published 02 May, 2007 12:00am
Pension and wages to be increased in budget: Shaukat

Pension and wages to be increased in budget: Shaukat

Prime Minister Shaukat Aziz on Tuesday said the government would increase the minimum wages and salaries and pensions of government servants in the next budget. He was addressing the labour leaders and representatives of the workers who had led a huge ral
Published 02 May, 2007 12:00am
Southern Malaysian port sees strong palm exports

Southern Malaysian port sees strong palm exports

The southern Malaysian port of Pasir Gudang is expected to post steady annual growth of 7 to 10 percent from its palm exports, a port official said on Monday.
Published 02 May, 2007 12:00am
Pension and wages to be increased in budget: Shaukat

Pension and wages to be increased in budget: Shaukat

Prime Minister Shaukat Aziz on Tuesday said the government would increase the minimum wages and salaries and pensions of government servants in the next budget. He was addressing the labour leaders and representatives of the workers who had led a huge ral
Published 02 May, 2007 12:00am
Record soya surplus seen: Oil World

Record soya surplus seen: Oil World

Big South American soyabean crops will ensure a record world surplus in 2006/07, Hamburg-based analyst Oil World said on Tuesday. It put global production at 233.78 million tonnes against 222.01 million in 2005/06 and 2006/07 consumption of 226.95 million
Published 02 May, 2007 12:00am
Pension and wages to be increased in budget: Shaukat

Pension and wages to be increased in budget: Shaukat

Prime Minister Shaukat Aziz on Tuesday said the government would increase the minimum wages and salaries and pensions of government servants in the next budget. He was addressing the labour leaders and representatives of the workers who had led a huge ral
Published 02 May, 2007 12:00am
Israeli port to double container and oil capacity

Israeli port to double container and oil capacity

The Haifa port in Israel is planning to double its container and liquid bulk handling capacities within the next two and half years to meet growing demand, the chairman of the port said on Monday.
Published 02 May, 2007 12:00am
Revised policy fails to attract ship owners to fly Pakistani flag

Revised policy fails to attract ship owners to fly Pakistani flag

Despite tax exemptions and simplifying procedures to register vessels under Pak flag, the revised shipping policy has failed to attract potential local and foreign investors who still see some provisions blocking the inflow of investment into this progres
Published 02 May, 2007 12:00am
Mexican ports to hike container handling capacities

Mexican ports to hike container handling capacities

The container port at Manzanillo, one of Mexico's largest, is expected to almost double its container handling capacity in the near future to alleviate ongoing port congestion problems, a senior Mexican port official said on Monday.
Published 02 May, 2007 12:00am
Revised policy fails to attract ship owners to fly Pakistani flag

Revised policy fails to attract ship owners to fly Pakistani flag

Despite tax exemptions and simplifying procedures to register vessels under Pak flag, the revised shipping policy has failed to attract potential local and foreign investors who still see some provisions blocking the inflow of investment into this progres
Published 02 May, 2007 12:00am
Revised policy fails to attract ship owners to fly Pakistani flag

Revised policy fails to attract ship owners to fly Pakistani flag

Despite tax exemptions and simplifying procedures to register vessels under Pak flag, the revised shipping policy has failed to attract potential local and foreign investors who still see some provisions blocking the inflow of investment into this progres
Published 02 May, 2007 12:00am
Los Angeles port tightens security

Los Angeles port tightens security

The port of Los Angeles in southern California is tightening its ship emission policy and boosting maritime security, the port's executive director said in an interview on Tuesday.
Published 02 May, 2007 12:00am
IPI gas pipeline: Islamabad and Delhi narrow differences

IPI gas pipeline: Islamabad and Delhi narrow differences

Progress has been made in narrowing down differences between Pakistan and India over charges to be paid by India to Islamabad for allowing passage of Iran-Pakistan-India gas pipeline, official sources said on Tuesday. Now June end deadline for signing of
Published 02 May, 2007 12:00am
Dubai refinery to bid in Iraq's sugar tender

Dubai refinery to bid in Iraq's sugar tender

Dubai's Al Khaleej Sugar Co refinery plans to offer sugar in Iraq's latest refined sugar buying tender, Cyrus Raja, Khaleej's corporate affairs general manager, said on Tuesday. "We will definitely be bidding," Raja told Reuters in a telephone interview f
Published 02 May, 2007 12:00am
IPI gas pipeline: Islamabad and Delhi narrow differences

IPI gas pipeline: Islamabad and Delhi narrow differences

Progress has been made in narrowing down differences between Pakistan and India over charges to be paid by India to Islamabad for allowing passage of Iran-Pakistan-India gas pipeline, official sources said on Tuesday. Now June end deadline for signing of
Published 02 May, 2007 12:00am
India to buy local wheat before more imports

India to buy local wheat before more imports

India, which on Monday floated a tender to buy one million tonnes of wheat, will decide whether to tap global markets again only once grain purchases from local farmers are over, a top official said. "Right now, we can manage up to January without much di
Published 02 May, 2007 12:00am
IPI gas pipeline: Islamabad and Delhi narrow differences

IPI gas pipeline: Islamabad and Delhi narrow differences

Progress has been made in narrowing down differences between Pakistan and India over charges to be paid by India to Islamabad for allowing passage of Iran-Pakistan-India gas pipeline, official sources said on Tuesday. Now June end deadline for signing of
Published 02 May, 2007 12:00am
KCBT wheat settles lower

KCBT wheat settles lower

Hard red winter wheat futures at the Kansas City Board of Trade closed lower on Monday as widespread rains diminished crop concerns in parts of Europe and Australia, traders said. End-month positioning added pressure, with aggressive selling by commodity
Published 02 May, 2007 12:00am
US Midwest corn steady to firm; soyabean flat

US Midwest corn steady to firm; soyabean flat

Spot basis bids for corn were steady to firm around the US Midwest on Monday, while soyabean bids were mostly unchanged, grain dealers said. Country movement was scattered, with some farmers in Iowa booking light sales of soyabeans. Sales of both corn and
Published 02 May, 2007 12:00am
CBOT wheat futures down

CBOT wheat futures down

Soft red winter wheat futures at the Chicago Board of Trade closed sharply lower on Monday as rains in Australia and Europe eased worries about drought, prompting speculative selling, traders said. Renewed optimism for a large US winter wheat crop added p
Published 02 May, 2007 12:00am
SJC to resume reference hearing today

SJC to resume reference hearing today

The Supreme Judicial Council, comprising three senior Judges of the Supreme Court and two senior most Chief Justices of High Courts will resume hearing of the Presidential Reference against Chief Justice Iftikhar Mohammad Chaudhry on Wednesday.
Published 02 May, 2007 12:00am
Corn mostly lower

Corn mostly lower

Corn futures at the Chicago Board of Trade closed mostly lower on Monday on better planting weather in the US Corn Belt. traders said. CBOT corn closed 6-1/4 cents per bushel lower to 2-1/2 cents higher, with May down 6-1/4 at $3.58 per bushel. July was d
Published 02 May, 2007 12:00am
SJC to resume reference hearing today

SJC to resume reference hearing today

The Supreme Judicial Council, comprising three senior Judges of the Supreme Court and two senior most Chief Justices of High Courts will resume hearing of the Presidential Reference against Chief Justice Iftikhar Mohammad Chaudhry on Wednesday.
Published 02 May, 2007 12:00am
WCE canola futures rise

WCE canola futures rise

Canola futures on the Winnipeg Commodity Exchange were higher on Monday, fuelled by gains in the allied Chicago Board of Trade soya complex, where fund buying pushed soyaoil to new contract highs, traders said.
Published 02 May, 2007 12:00am
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