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Sep 22, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2007-06-02
Singapore shares surge

Singapore shares surge

Singapore share prices closed 1.06 percent higher on Friday on the back of strong gains in banks and other blue chips, with the Straits Times index touching a new intraday high, dealers said. They noted that investor sentiment was buoyed by comments from
Published 02 Jun, 2007 12:00am
Thai share prices rally

Thai share prices rally

Thai share prices closed up 2.24 percent on Friday at a year high as investors welcomed a court ruling disbanding ousted premier Thaksin Shinawatra's party and barring him from politics, dealers said. They said the market bucked rising regional markets.
Published 02 Jun, 2007 12:00am
Tokyo stocks close at three-month high

Tokyo stocks close at three-month high

The Nikkei average rose 0.47 percent to close at its highest in three months on Friday, as trading firms rose on Morgan Stanley's higher target prices and retail investors bought steel and other value stocks. A strong performance in US stocks also gave in
Published 02 Jun, 2007 12:00am
Chinese stocks tumble

Chinese stocks tumble

China's jittery stock market tumbled on Friday in response to rumours that the government planned to impose a stock capital gains tax or take other strong measures to cool the market. Most analysts and fund managers believed the rumours were false, especi
Published 02 Jun, 2007 12:00am
Australian dollar at three-week high

Australian dollar at three-week high

The Australian dollar threatened the 83 cents level for the first time in two weeks on Friday, buoyed by a fresh 15-year high on the cross rate against the yen as investors favoured riskier bets on high-yielding currencies.
Published 02 Jun, 2007 12:00am
Yuan ends down

Yuan ends down

The yuan closed slightly lower against the dollar on Friday after moving in an extremely tight range, as the market digested the Chinese currency's rally over the past two weeks. The yuan finished at 7.6473 to the dollar, down from 7.6466 at the close on
Published 02 Jun, 2007 12:00am
Dollar off three-month high

Dollar off three-month high

The dollar edged back near a three-month high against the yen on Friday as investors await a raft of US data including a monthly payrolls report later in the session. The jobs data will provide more clues on whether the Federal Reserve is likely to will k
Published 02 Jun, 2007 12:00am
Dollar touches three-month peak

Dollar touches three-month peak

The dollar touched a three-month peak against the yen on Thursday after a strong report on regional US business activity, but it failed to sustain gains before key US jobs data due on Friday. The manufacturing report also included the highest reading of a
Published 02 Jun, 2007 12:00am
Asian currencies: Thai baht steady

Asian currencies: Thai baht steady

The Taiwan dollar fell to a three-day low on Friday and then recovered after suspected central bank intervention on what was otherwise a quiet trading session for Asian currencies. The Thai baht was surprisingly steady, little moved by a court ruling that
Published 02 Jun, 2007 12:00am
Hong Kong dollar off morning's lows

Hong Kong dollar off morning's lows

The Hong Kong dollar edged lower against the US dollar on Friday in volatile trade, while most interbank rates rebounded in the afternoon. The domestic currency was trading at 7.8095/98 to the US dollar, having touched a low of 7.8155, down from 7.8092/96
Published 02 Jun, 2007 12:00am
Taylor promises new era at UEFA

Taylor promises new era at UEFA

Former Scottish FA chief David Taylor on Friday promised a "new era" for UEFA as he took up his new post as General Secretary of European football's governing body. The 59 year-old, who effectively becomes number two to UEFA's new President Michel Platini
Published 02 Jun, 2007 12:00am
Smith takes over as SFA chief executive

Smith takes over as SFA chief executive

Former agent and football pundit Gordon Smith has taken over as the new chief executive of the Scottish Football Association. Smith, who played for Kilmarnock, Rangers, Brighton and Manchester City, replaces David Taylor, who left the SFA to become UEFA's
Published 02 Jun, 2007 12:00am
China misery as Li crashes

China misery as Li crashes

China's participation in French Open singles came to a disappointing end on Friday when national number open Li Na was knocked out in the third round. The 16th seed lost 6-4, 6-3 to Austrian 20th seed Sybille Bammer ending any hopes she had of going on to
Published 02 Jun, 2007 12:00am
Raul out, Spain desperate for win against Latvia

Raul out, Spain desperate for win against Latvia

Emblematic skipper Raul and his Real Madrid team-mate Guti will be missing for Spain as they go in search of the points that could revive their sagging Euro 2008 qualifying campaign. Spain have won three times in five qualifiers so far, a tally they will
Published 02 Jun, 2007 12:00am
Iraqis to take part in Asian snooker championship

Iraqis to take part in Asian snooker championship

Two snooker players from Iraq are set to take part in the Asian championships starting here from June 11, with organisers hailing their entry as a boost for the war-torn country. Ahmad Al Abdali and Ali Al Ali will represent Iraq in the event featuring 35
Published 02 Jun, 2007 12:00am
United call of Malaysia match

United call of Malaysia match

Manchester United have been forced to cancel a proposed match in Kuala Lumpur as part of their Far East tour. United had been invited to play in Kuala Lumpur on July 27 by the Malaysian government as part of the country's 50th anniversary celebrations.
Published 02 Jun, 2007 12:00am
Flintoff will regain all rounder status, says Lloyd

Flintoff will regain all rounder status, says Lloyd

Former England coach David Lloyd belives Andrew Flintoff will overcome his latest ankle injury setback and return as a fully-fledged all-rounder later this summer. The 29-year-old Lancastrian's ability to perform with bat and ball at the highest level has
Published 02 Jun, 2007 12:00am
Impressive Federer sprints through to last 16

Impressive Federer sprints through to last 16

World number one Roger Federer sprinted through to the last 16 of the French Open by crushing unseeded Italian Potito Starace 6-2 6-3 6-0 on Friday. Top seed Federer, chasing victory in the only grand slam tournament to elude him so far, needed just over
Published 02 Jun, 2007 12:00am
China punishes officials for extravagant offices

China punishes officials for extravagant offices

China has punished more than 20 officials from poor inland provinces for spending extravagant amounts of money on new government buildings, state media said on Friday, in Beijing's latest anti-corruption push.
Published 02 Jun, 2007 12:00am
Bollywood filmmaker jailed in 1993 Mumbai bombings

Bollywood filmmaker jailed in 1993 Mumbai bombings

An Indian court jailed a Bollywood producer for nine years on Friday for supplying actor Sanjay Dutt an illegal rifle he got from gangsters connected with India's worst bombings in 1993.
Published 02 Jun, 2007 12:00am
Kenyan president warns Mungiki gang

Kenyan president warns Mungiki gang

President Mwai Kibaki vowed on Friday to hunt down criminals from the outlawed Mungiki gang blamed for a wave of killings and gun-battles rocking Kenya in the volatile build-up to an election expected later this year.
Published 02 Jun, 2007 12:00am
Turk ruling party seeks early referendum on reforms

Turk ruling party seeks early referendum on reforms

Turkey's ruling Islamist-rooted AK Party tried on Friday to speed up a likely referendum on constitutional reforms that have deepened a crisis between it and the secular elite ahead of July general elections.
Published 02 Jun, 2007 12:00am
Death toll climbs as India riots widen

Death toll climbs as India riots widen

A powerful Indian farming community seeking special government treatment clashed with a competing caste on Friday, killing four people and taking the death toll to 22 in four days of riots.
Published 02 Jun, 2007 12:00am
Blair backs South Africa's Mbeki on Zimbabwe talks

Blair backs South Africa's Mbeki on Zimbabwe talks

British Prime Minister Tony Blair said on Friday he fully supported South Africa's efforts to mediate in Zimbabwe's escalating political crisis, saying a solution to the stand-off must come from within Africa.
Published 02 Jun, 2007 12:00am
Laurentian Bank profit falls after 2006 tax boost

Laurentian Bank profit falls after 2006 tax boost

Laurentian Bank of Canada said on Friday its second-quarter profit fell in comparison with the same 2006 period because of a favourable tax adjustment in the year-before quarter, but that its profit rose by 37 percent excluding this item.
Published 02 Jun, 2007 12:00am
Laurentian Bank profit falls after 2006 tax boost

Laurentian Bank profit falls after 2006 tax boost

Laurentian Bank of Canada said on Friday its second-quarter profit fell in comparison with the same 2006 period because of a favourable tax adjustment in the year-before quarter, but that its profit rose by 37 percent excluding this item.
Published 02 Jun, 2007 12:00am
Malaysia says Proton-Volkswagen talks back on

Malaysia says Proton-Volkswagen talks back on

Malaysian officials said Friday talks were back on with Volkswagen in an apparent last-ditch attempt to forge a strategic alliance for besieged national carmaker Proton.
Published 02 Jun, 2007 12:00am
Employees whistle Alcatel-Lucent executives at AGM

Employees whistle Alcatel-Lucent executives at AGM

Staff bawled and whistled at executives of Alcatel-Lucent at the group's annual general meeting on Friday in protest against job cuts and what they said were exorbitant management pay packages.
Published 02 Jun, 2007 12:00am
ECB set to raise rates to five-and-a-half-year high: analysts

ECB set to raise rates to five-and-a-half-year high: analysts

The European Central Bank is almost certain to raise its key interest rates to a five-and-a-half-year high next week to curb inflation in the eurozone economy, as it currently enjoys a robust upturn, analysts here said on Friday.
Published 02 Jun, 2007 12:00am
Pope authorises two canonisations, 327 beatifications

Pope authorises two canonisations, 327 beatifications

Pope Benedict XVI on Friday authorised two new sainthoods and 327 beatifications, the Vatican said in a statement. The pope recognised a new miracle by an Indian nun, Anna Muttathupandathu, who had previously been beatified in 1986 by Pope John Paul II.
Published 02 Jun, 2007 12:00am
Italy plans heavy security for Bush visit

Italy plans heavy security for Bush visit

Italy will employ heavy security measures during a visit by US President George W. Bush next weekend, including partially closing its airspace, the Ansa news agency reported Friday.
Published 02 Jun, 2007 12:00am
Genocide suspect flown to Hague court

Genocide suspect flown to Hague court

A former Bosnian Serb general facing genocide charges before the UN war crimes tribunal was transferred Friday to the Hague-based court a day after his arrest, Nato said.
Published 02 Jun, 2007 12:00am
Heavy Indian air hostesses lose case

Heavy Indian air hostesses lose case

Indian Airlines said Friday justice had been done after a court ruled that the state-run domestic carrier had done no wrong by grounding overweight air hostesses last year.
Published 02 Jun, 2007 12:00am
SriLankan halts domestic air service

SriLankan halts domestic air service

Sri Lanka's national carrier is suspending its domestic air service due to deteriorating security and a drop in foreign visitors, the airline's chief executive said Friday. SriLankan Airlines will operate the final domestic flight on Tuesday to the easter
Published 02 Jun, 2007 12:00am
Colombia begins releasing FARC rebels

Colombia begins releasing FARC rebels

Bogota said Friday it had begun the process of releasing prisoners from the leftist FARC army in a move officials said they hoped would bring the release of 56 hostages held by the rebels.
Published 02 Jun, 2007 12:00am
Thai coup leader hints at political amnesty

Thai coup leader hints at political amnesty

Thailand's coup leader on Friday hinted the country's army-backed government could propose an amnesty to allow top leaders of ousted premier Thaksin Shinawatra's party to return to public office.
Published 02 Jun, 2007 12:00am
EU-Serbia talks to resume

EU-Serbia talks to resume

The European Union will resume key talks with Serbia on closer ties in the coming days, following the arrest of a general wanted for war crimes, EU Enlargement Commissioner Olli Rehn announced Friday.
Published 02 Jun, 2007 12:00am
Lebanese troops assault cameraman

Lebanese troops assault cameraman

Lebanese soldiers assaulted a Palestinian cameraman working for Al Arabiya television as he was filming clashes between the army and al Qaeda-inspired militants on Friday, the Dubai-based channel said.
Published 02 Jun, 2007 12:00am
Lebanon army battles militants at camp, 14 die

Lebanon army battles militants at camp, 14 die

Battles raged around a Palestinian refugee camp in north Lebanon on Friday, killing 14 people, as Lebanese troops tightened the noose around al Qaeda-inspired militants entrenched there. At least 12 people were killed inside Nahr al-Bared camp as well as
Published 02 Jun, 2007 12:00am
Bush demands Iran free US-Iranians

Bush demands Iran free US-Iranians

US President George W. Bush on Friday strongly condemned Tehran's detention of several US-Iranian dual nationals and called for their immediate and unconditional release.
Published 02 Jun, 2007 12:00am
Inter-Korean talks end without agreement

Inter-Korean talks end without agreement

Reconciliation talks between North and South Korea ended Friday with no agreements reached, following a row over Seoul's decision to link promised rice aid to Pyongyang's denuclearisation. After four days of high-level talks, the two sides issued a four-s
Published 02 Jun, 2007 12:00am
No desire to hurt Moscow ties: UK

No desire to hurt Moscow ties: UK

Britain rejected Russian allegations on Friday that it was politicising the case of murdered Kremlin critic Alexander Litvinenko. "We have no desire to aggravate diplomatic relations.
Published 02 Jun, 2007 12:00am
Britain politicising poisoning case: Russia

Britain politicising poisoning case: Russia

Britain is using the case of murdered Kremlin critic Alexander Litvinenko in a political campaign that is harming ties with Moscow, Russia's foreign minister said on Friday.
Published 02 Jun, 2007 12:00am
Top Bush aide Dan Bartlett resigns

Top Bush aide Dan Bartlett resigns

Dan Bartlett, a key member of President George W. Bush's inner circle and an aide for him going back more than 13 years, announced on Friday he is resigning as White House counsellor effective July 4.
Published 02 Jun, 2007 12:00am
Western forces say squeeze Taliban in Afghan south

Western forces say squeeze Taliban in Afghan south

Despite the loss of a Nato Chinook helicopter this week with seven servicemen aboard, a British-led thrust to drive the Taliban from strongholds in Helmand province is yielding success, Western military officials said on Friday.
Published 02 Jun, 2007 12:00am
No sign Iran to drop atom work: Rice

No sign Iran to drop atom work: Rice

Iran has not provided any evidence to suggest it is willing to freeze sensitive nuclear work, US Secretary of State Condoleezza Rice said on Friday following talks between Tehran and the European Union.
Published 02 Jun, 2007 12:00am
BBC Gaza reporter says he's well in Web video

BBC Gaza reporter says he's well in Web video

Kidnapped BBC Gaza correspondent Alan Johnston said he was in good health and being treated well in a video released on Friday, the first since militants abducted him in the Palestinian enclave over 11 weeks ago.
Published 02 Jun, 2007 12:00am
French minister tones down Sarkozy's justice bill

French minister tones down Sarkozy's justice bill

French Justice Minister Rachida Dati unveiled plans on Friday for minimum sentences for repeat offenders, but the measures appeared less tough than the campaign rhetoric of President Nicolas Sarkozy.
Published 02 Jun, 2007 12:00am
Sunni fighters take on al Qaeda in Baghdad street battle

Sunni fighters take on al Qaeda in Baghdad street battle

Sunni tribal fighters have joined nationalist insurgents fighting al Qaeda in vicious Baghdad street battles, their commander told AFP on Friday, as residents reported two days of intense clashes.
Published 02 Jun, 2007 12:00am
Nato soldier among 30 killed in Afghanistan

Nato soldier among 30 killed in Afghanistan

A Nato soldier was killed in a bomb blast in Afghanistan Friday while two Afghan women and a policeman died in attacks elsewhere linked to a deepening Taliban insurgency, officials said. Afghan officials also announced that around 26 rebel fighters were k
Published 02 Jun, 2007 12:00am
Indian rupee edges up

Indian rupee edges up

The Indian rupee traded in a narrow range on Friday, caught between strong capital inflows and central bank efforts to keep the currency from strengthening past 40.50 per dollar, dealers said. The partially convertible rupee ended at 40.5450/5500, up from
Published 02 Jun, 2007 12:00am
Sterling firms against euro

Sterling firms against euro

Sterling firmed against the euro but dipped versus a broadly stronger dollar on Friday with outside factors dominating sentiment, as robust US jobs and manufacturing data supported the greenback. Underlying sentiment was still solid for the pound as inves
Published 02 Jun, 2007 12:00am
Dollar hits near four-month high

Dollar hits near four-month high

The dollar hit its highest level in nearly 4 months against the yen and held near 7-week highs versus the euro on Friday as markets awaited US employment and manufacturing data for hints on the US interest rate outlook.
Published 02 Jun, 2007 12:00am
US Stocks: Friday's early afternoon trade

US Stocks: Friday's early afternoon trade

US stocks edged higher on Friday as data reassured investors about the economy's health, but with the major indexes at multiyear highs, some investors chose to take profits before the weekend. Wal-Mart Stores Inc shares jumped nearly 4 percent.
Published 02 Jun, 2007 12:00am
Credit indexes rally on strong US data

Credit indexes rally on strong US data

European credit indexes rallied on Friday after better-than-expected US job figures and benign inflation data left investors less concerned about a slowdown in consumer demand and further interest rate hikes. The number of people in non-farm jobs climbed
Published 02 Jun, 2007 12:00am
Credit indexes rally on strong US data

Credit indexes rally on strong US data

European credit indexes rallied on Friday after better-than-expected US job figures and benign inflation data left investors less concerned about a slowdown in consumer demand and further interest rate hikes. The number of people in non-farm jobs climbed
Published 02 Jun, 2007 12:00am
FTSE near seven-year closing high

FTSE near seven-year closing high

The FTSE 100 index of Britain's leading shares rose to its highest close since September 2000 on Friday, buoyed by a flurry of US data and supported by mining shares. The index ended the session 55.3 points, or 0.8 percent higher at 6,676.7.
Published 02 Jun, 2007 12:00am
Indian soyoil futures ease, sugar extends fall

Indian soyoil futures ease, sugar extends fall

Indian soyoil futures fell on Friday in line with world markets, while sugar extended a drop on abundant supplies. By 0920 GMT, June soyoil futures on the National Commodity and Derivatives Exchange (NCDEX) was down 1.75 rupees at 484.80 rupees per 10 kg,
Published 02 Jun, 2007 12:00am
ED&F Man seen leading LME ring revival

ED&F Man seen leading LME ring revival

Commodities merchant ED&F Man is applying to become the London Metal Exchange's first new floor trading member in more than 10 years, industry and trade sources said on Friday. "We don't comment, and the LME also doesn't comment on future members," Christ
Published 02 Jun, 2007 12:00am
Oil back above $69 on renewed gasoline worries

Oil back above $69 on renewed gasoline worries

Oil rebounded above $69 a barrel Friday as fresh downstream problems in the United States reignited fears over gasoline supplies as the summer demand peak approached in the world's largest oil consumer.
Published 02 Jun, 2007 12:00am
Brent bid higher

Brent bid higher

North Sea crude differentials rose slightly on Friday as Mercuria bid at firmer levels for Brent and Forties. In the window, Mercuria bid for a cargo of Brent or Forties for June 22-24 at July plus 45 cents. This bid was roughly equivalent to dated BFO pl
Published 02 Jun, 2007 12:00am
Helms one hydro unit back in service

Helms one hydro unit back in service

PG&E Corp's 404-megawatt Unit 1 at the Helms Pumped Storage hydropower station in California returned to service by early Friday, a spokesman for the company said. The company shut the unit for planned work by Thursday afternoon.
Published 02 Jun, 2007 12:00am
European vegetable oil markets steadier

European vegetable oil markets steadier

The European vegetable oils market calmed down on Friday after good demand earlier in the week as futures markets slowed their upward pace, market sources said. "Palm oil closed a little down on late selling but prices in Europe were mostly steadier. The
Published 02 Jun, 2007 12:00am
New York cotton settles easier

New York cotton settles easier

Cotton futures ended softer Friday on sales by small speculators as the market appeared to be consolidating after its recent sharp losses in the pit, brokers said. The New York Board of Trade's open-outcry July cotton contract fell 0.57 cent to conclude a
Published 02 Jun, 2007 12:00am
Nikanor raises 400 million pounds in placing

Nikanor raises 400 million pounds in placing

Mining group Nikanor Plc said on Friday it had raised 400 million pounds ($791.1 million) via a share placing, with Swiss commodities trader Glencore International taking an around 12.5 percent stake in the enlarged group.
Published 02 Jun, 2007 12:00am
US copper climbs

US copper climbs

US copper inched higher in quiet morning business Friday, on follow-through support from Thursday's technical breakout and as supplies continue to fall, brokers said.
Published 02 Jun, 2007 12:00am
Gold climbs to two-week high

Gold climbs to two-week high

Gold extended gains on Friday to hit a two-week high on speculative buying after the European Central Bank said it had no plans to sell any more gold this year. Other precious metals also extended gains, with silver hitting a three-week high and platinum
Published 02 Jun, 2007 12:00am
US MIDDAY: cocoa flat

US MIDDAY: cocoa flat

US cocoa futures closed mostly unchanged Friday, in a session dominated by options-related activity as July options expired, clawing back from a one-month low hit on early liquidation, traders said. "We came close to both strikes and were trading right in
Published 02 Jun, 2007 12:00am
US MIDDAY: wheat higher

US MIDDAY: wheat higher

Wheat futures on the Chicago Board of Trade were higher at midday on Friday, supported by speculative buying, traders said. Large speculators were establishing new long positions and/or covering shorts at the start of a new month, they said.
Published 02 Jun, 2007 12:00am
US MIDDAY: corn sets back

US MIDDAY: corn sets back

Corn futures at the Chicago Board of Trade were mildly weaker by Friday's midsession on a technical setback from Thursday's rally to a two-month high, traders said. Easing concerns about a high-pressure weather ridge moving into the South-western United S
Published 02 Jun, 2007 12:00am
US MIDDAY: soybeans notch contract

US MIDDAY: soybeans notch contract

Soybean futures at the Chicago Board of Trade rose to contract highs in most of the deferred months mid-morning Friday, boosted by the strength in the soymeal pit, traders said. July soybeans were up 8-1/4 cents at $8.14-1/2 per bushel by 11:20 am CDT (16
Published 02 Jun, 2007 12:00am
US MIDDAY: gold gains

US MIDDAY: gold gains

US gold rallied to a 2-week peak on Friday following a benign reading of a key inflation gauge that undermined the dollar's early advance, traders said. With the Federal Reserve expressing concern earlier this week in its policy meeting minutes about grea
Published 02 Jun, 2007 12:00am
93 percent wheat procurement target achieved

93 percent wheat procurement target achieved

Director Food Rana Saeed Ahmed has said that 93 percent revised wheat procurement target for Faisalabad region has been achieved, as food department procures about 3,000 metric tons of wheat on daily basis.
Published 02 Jun, 2007 12:00am
Ellie makes changes in Parliament's working mode

Ellie makes changes in Parliament's working mode

Things always happen to those who try. US-AID Projector Eleanor Valentine has tried since 1994 to succeed in the legislative capacity-building and research development and has acquired a world-wide reputation in the field.
Published 02 Jun, 2007 12:00am
Ghanaian High Commission likely to open at Islamabad soon

Ghanaian High Commission likely to open at Islamabad soon

Ambassador for Ghana, Rashid Bawa informed National Assembly Speaker Chaudhry Amir Hussain that he expects to open his country's High Commission at Islamabad very soon. The ambassador called on the Speaker Friday morning to discuss ways and means for enha
Published 02 Jun, 2007 12:00am
Government's efforts in empowering women highlighted

Government's efforts in empowering women highlighted

Federal Minister for Women Development Sumaira Malik has highlighted the progress made by the present government for legal, political, economic and social empowerment of women in Pakistan. Official spokesman Friday told Business Recorder that she e
Published 02 Jun, 2007 12:00am
German foreign minister briefed on Afghan DPs repatriation

German foreign minister briefed on Afghan DPs repatriation

German Foreign Minister Frank-Walter Steinmeier along with his delegation visited Afghanistan and Pakistan on Wednesday in preparation for the June 6-8 meeting of the Group of Eight (G8), leading industrialised nations and upcoming European Union (EU) for
Published 02 Jun, 2007 12:00am
Beggary is on rise

Beggary is on rise

The number of beggars has increased in the port city mainly due to lack of jobs. It appears that since the prices of essential commodities have started increasing sharply, many jobless persons and even small children have become involved in this ugly act.
Published 02 Jun, 2007 12:00am
Uplift work

Uplift work

Most of the development works, started nearly two or three years ago but the works are incomplete despite promises of completion in time by the government.
Published 02 Jun, 2007 12:00am
Cement cartel shows its teeth

Cement cartel shows its teeth

With surprise and anguish we hear that the cement makers are conspiring to raise cement prices immediately after the budget. The cement cartel showed their teeth to the Monopoly Control Authority (MCA) many times before and made it fold its tail and run a
Published 02 Jun, 2007 12:00am
Wounds run deep for children of Iraq war

Wounds run deep for children of Iraq war

The day his mother and brother died is permanently one that eight-year-old Iraqi Ziad Irhaima will never forget, as the cauterised stump of one of his arms serves as a permanent reminder.
Published 02 Jun, 2007 12:00am
Commercial vehicles industry must be saved

Commercial vehicles industry must be saved

According to a Recorder Report, manufacturers of commercial vehicles fear that any change in the current policy, allowing import of more than five years old trucks and buses, might put in jeopardy Rs 5 billion investment in manufacturing plants as
Published 02 Jun, 2007 12:00am
Where are we?

Where are we?

Where does Pakistan stand in the international line-up? Why tourists don't visit here anymore? Why so many travel advisories? Why words of our leaders weigh so light? As to what is the problem, just look at the Global Peace Index, a study compiled by the
Published 02 Jun, 2007 12:00am
Movement has entered decisive phase: Badr

Movement has entered decisive phase: Badr

The lawyers' movement would not only reinstate Chief Justice but also make judiciary independent and restore true democracy in Pakistan, said Jahangir Badr, Secretary General of Pakistan Peoples Party here on Friday.
Published 02 Jun, 2007 12:00am
PTCL maintenance work

PTCL maintenance work

Pakistan Telecommunication Company Limited (PTCL) will carry out maintenance and development works on its main optical fibre cable network between Sukkur-Shikarpur section on mid night of Saturday/Sunday.
Published 02 Jun, 2007 12:00am
Plea to cut duty on phthalic anhydride in budget

Plea to cut duty on phthalic anhydride in budget

Chairman of Taxation Sub-Committee of Karachi Chamber of Commerce and Industry (KCCI) Mohammad Haroon Agar has urged the Central Board of Revenue (CBR) Chairman to reduce the customs duty on import of phthalic anhydride (PA) from 10 percent to five percen
Published 02 Jun, 2007 12:00am
Call to include tobacco hazards in medical studies

Call to include tobacco hazards in medical studies

The head of the Cancer Department, Nishtar Medical College and Hospital, Dr Abrar Javed, has stressed the need for including the hazards of tobacco use in the MBBS course, and urged the government to ensure the same.
Published 02 Jun, 2007 12:00am
AKUH seminar: smoking first step towards other addictions, say experts

AKUH seminar: smoking first step towards other addictions, say experts

Speakers at a seminar on World No-Tobacco Day on Thursday organised by Aga Khan University Hospital (AKUH) were unanimous in their demand for strict enforcement of the Prohibition of Smoking and Protection of Non-smoker Ordinance of 2002: smoking was term
Published 02 Jun, 2007 12:00am
32 more housing schemes declared illegal

32 more housing schemes declared illegal

Director of Town Planning, Hyderabad, Tahir Ahmed, has declared more 32 private housing schemes, launched in Shahdadpur, district Sanghar, without any approval from his department. Thus, the total of such illegal housing schemes has been increased to 94 i
Published 02 Jun, 2007 12:00am
Etihad Airways wins awards

Etihad Airways wins awards

Etihad Airways, the national airline of the UAE, has won the highly coveted "leading airline" award at the World Travel Awards (WTAs) for the Middle East and Africa region. Votes for the WTAs were taken from nearly 170,000 travel industry professionals fr
Published 02 Jun, 2007 12:00am
39 judges promoted

39 judges promoted

The Chief Justice of Lahore High Court (LHC) promoted 39 judicial officers on the recommendations of the departmental promotion committee. According to a notification Chief Justice promoted ten district and sessions judges (D&SJs), sixteen additional dist
Published 02 Jun, 2007 12:00am
PCMEA seeks government support

PCMEA seeks government support

The executive committee of Pakistan Carpet Manufacturers and Exporters Association (PCMEA) in an emergent meeting has shown serious concern over the 13 percent decline in the exports of hand-knotted carpets during the period July/April 2006-07 as compared
Published 02 Jun, 2007 12:00am
LHCBA condemns Pemra

LHCBA condemns Pemra

The Lahore High Court Bar Association (LHCBA) has condemned the restrictions imposed by Pakistan Electronic Media Regulatory Authority (Pemra) on media. While talking to newsmen here on Friday President bar Ehsan Bhon and Secretary Sarfraz Cheema termed t
Published 02 Jun, 2007 12:00am
Call to promote Islamic mode of insurance

Call to promote Islamic mode of insurance

Insurance experts at a seminar organised by the Lahore Insurance Institute (LII) at Lahore Chamber of Commerce and Industry (LCCI) here on Friday said that the promotion of the Takaful, the Islamic mode of insurance, would ultimately help in promoting sav
Published 02 Jun, 2007 12:00am
PSIC to sign MoU with USAID

PSIC to sign MoU with USAID

Provincial Minister for Industries, Muhammad Ajmal Cheema has said that memorandum of understanding (MoU) would soon be signed between Punjab Small Industries Corporation and USAID under which both organisations will cooperate with each other for the prom
Published 02 Jun, 2007 12:00am
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