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Print - 2007-07-10
Mirant's power unit seven at Pittsburg back in service

Mirant's power unit seven at Pittsburg back in service

Mirant Corp's 682-megawatt Unit 7 at the Pittsburg natural gas-fired power station returned to service by Friday afternoon but was out of service for normal reasons by Sunday afternoon, the California Independent System Operator said in a report.
Published 10 Jul, 2007 12:00am
Malaysia must bolster competitiveness: business group

Malaysia must bolster competitiveness: business group

Malaysia needs to boost its competitiveness to maintain economic growth at 6.0 percent and keep pace with the dynamic economies of China and India, a business analysis group warned Monday.
Published 10 Jul, 2007 12:00am
Nigeria cocoa plantations hit by black pod disease

Nigeria cocoa plantations hit by black pod disease

Black pod disease has hit Nigerian cocoa plantations, raising fears of a further drop in output already cut by drier-than-normal weather earlier this year, the main growers' group said on Monday.
Published 10 Jul, 2007 12:00am
Opec has little power to ease oil prices: Algeria

Opec has little power to ease oil prices: Algeria

Algeria's Energy and Mines Minister Chakib Khelil said on Monday there was "not much" Opec could do to bring down high oil prices as global crude stocks were already sufficient. "There is plenty of stocks. It's a problem with capacity and refining," Kheli
Published 10 Jul, 2007 12:00am
Cabin crew schools take off as Indians reach for the sky

Cabin crew schools take off as Indians reach for the sky

While many young Indians are mad about Bollywood film stars, 20-year-old Mune Byaling has a rather unusual hero: stylish liquor-to-aviation tycoon Vijay Mallya. "He's different. He's like a rock star - daring, fascinating, focused," said the university st
Published 10 Jul, 2007 12:00am
Egypt's third largest public sector bank for sale

Egypt's third largest public sector bank for sale

Egypt agreed on Monday to offer 80 percent of the country's third largest public sector bank, Banque du Caire, to a strategic investor in a major step forward for its long-running banking sector reform plan, a cabinet spokesman told AFP.
Published 10 Jul, 2007 12:00am
Russia starts drilling first offshore gas wells

Russia starts drilling first offshore gas wells

A Gazprom-led energy project in eastern Russia that plans to export gas to Asia and the United States from 2008 has begun drilling the country's first offshore gas wells, the consortium said on Monday. "The commencement of drilling of the first wells from
Published 10 Jul, 2007 12:00am
New Zealand shares rise

New Zealand shares rise

New Zealand share prices closed 0.36 percent higher on Monday as a retreat by the strong New Zealand dollar boosted stocks of exporters, dealers said. The benchmark NZX-50 gross index was up 15.12 points at 4,238.65 on turnover worth 83.57 million dollars
Published 10 Jul, 2007 12:00am
Malaysian shares soar

Malaysian shares soar

Malaysian share prices closed 0.35 percent higher on Monday, supported by gains in select blue chips in the oil and gas and construction sectors, dealers said. The Kuala Lumpur Composite Index gained 4.85 points at 1,378.69.
Published 10 Jul, 2007 12:00am
Japanese government bonds hurt

Japanese government bonds hurt

Japanese government bonds fell for the fourth straight session on Monday, hurt by a drop in US Treasuries, rising Tokyo shares and strong data reinforcing the view that the Bank of Japan could raise interest rates as early as August.
Published 10 Jul, 2007 12:00am
Japanese government bonds hurt

Japanese government bonds hurt

Japanese government bonds fell for the fourth straight session on Monday, hurt by a drop in US Treasuries, rising Tokyo shares and strong data reinforcing the view that the Bank of Japan could raise interest rates as early as August.
Published 10 Jul, 2007 12:00am
Taiwan stocks remain firmer

Taiwan stocks remain firmer

Taiwan stocks rose 2 percent on Monday to a 7-year closing high, as foreign investors bought technology exporters such as Mediatek and TSMC following gains on Wall Street. The main TAIEX share index closed 181.53 points higher at 9,369.84. Turnover spiked
Published 10 Jul, 2007 12:00am
Hong Kong shares set fifth straight record

Hong Kong shares set fifth straight record

Hong Kong blue chips vaulted 1.3 percent on Monday amid near-record turnover and strong global equities, as investors chased more underperformers, sweeping up China Life and local lenders in a broad-based rally. More buying in shares of local real estate
Published 10 Jul, 2007 12:00am
Chinese stocks surge

Chinese stocks surge

China's main stock index closed up 2.69 percent on Monday, after surging more than 3 percent on news at the weekend that China would require government approval for large sales of state-held shares in listed firms. The Shanghai Composite Index closed at 3
Published 10 Jul, 2007 12:00am
Seoul shares hit record

Seoul shares hit record

Seoul shares surged to a fourth consecutive record close on Monday as Daewoo Shipbuilding jumped 6 percent after raising its target for new orders and announcing its latest ship deal, confirming optimism about the sector. Samsung Electronics Co Ltd extend
Published 10 Jul, 2007 12:00am
Australian shares climb

Australian shares climb

Australian share prices rose 0.78 percent to chalk up another record finish on Monday with the key resource stocks once more leading the way, dealers said. They said support for top miners BHP Billiton and Rio Tinto was the driving force for the record-br
Published 10 Jul, 2007 12:00am
Philippines shares weaken

Philippines shares weaken

Philippines share prices closed 0.39 percent lower in lackluster trade on Monday, with investors cashing-in on recent gains, dealers said. Investors also stayed on the sidelines while awaiting fresh leads and the release of corporate results for the secon
Published 10 Jul, 2007 12:00am
Jakarta shares close 1.99 percent higher

Jakarta shares close 1.99 percent higher

Indonesian share prices jumped 1.99 percent to another record close on Monday, driven by Wall Street's gains and expectations of strong first-half corporate results, dealers said. The Jakarta Stock Exchange composite index rose 44.293 points to 2,271.344,
Published 10 Jul, 2007 12:00am
Indian shares close above 15,000 points

Indian shares close above 15,000 points

Indian share prices rose 0.55 percent to chalk up another record finish on Monday, this time holding above the historic 15,000 points level in trade led by software and telecom stocks, dealers said. They said buying sentiment improved on sustained interes
Published 10 Jul, 2007 12:00am
Thai shares make gains

Thai shares make gains

Thai share prices closed 1.42 percent higher on Monday as foreign funds continued flowing into the region, pushing the market to a fresh 10-year high, dealers said. They said sentiment was upbeat on encouraging US economic data, while investors bought loc
Published 10 Jul, 2007 12:00am
Nikkei hits seven-year high

Nikkei hits seven-year high

Japan's Nikkei average rose 0.67 percent to its highest close in 7 years on Monday after a strong jobs report in the US, and higher-than-expected machinery orders in Japan spurred buying of machinery and tech stocks including Fanuc Ltd.
Published 10 Jul, 2007 12:00am
Hong Kong dollar higher

Hong Kong dollar higher

The Hong Kong dollar strengthened slightly on Monday, partly bolstered by a rally in the stock market. The currency was trading at 7.8167/70 against the US dollar at 0929 GMT, compared with 7.8174/76 in late Friday trade in Asia.
Published 10 Jul, 2007 12:00am
Swiss franc still under pressure

Swiss franc still under pressure

The Swiss franc remained under pressure on Monday, trading slightly weaker against the dollar and near flat against the euro as investors pursued their carry trade strategy. The franc has weakened in recent months as investors make use of the differential
Published 10 Jul, 2007 12:00am
Yen stays weak in Tokyo

Yen stays weak in Tokyo

The yen slipped to a record low against the euro and hit its weakest in a decade and a half versus sterling and the Australian dollar on Monday as investors continued to sell the low-yielding yen for assets in higher-yielding rivals.
Published 10 Jul, 2007 12:00am
Australian dollar stays firm

Australian dollar stays firm

The Australian dollar rose to a fresh 16-year peak against the low-yielding Japanese currency for a third consecutive session on Monday, as investors chase better but riskier returns on high-yielding currencies. The local currency was just below 106 yen.
Published 10 Jul, 2007 12:00am
Baht at 10-year high

Baht at 10-year high

Most Asian currencies gained against the dollar on Monday as funds flowed into the region's stock markets, with the Thai baht hitting another 10-year high. The baht firmed as far as 33.85 per dollar in the domestic market, up about 0.5 percent from late A
Published 10 Jul, 2007 12:00am
Indian rupee ends up on inflows

Indian rupee ends up on inflows

The Indian rupee rose on Monday, boosted by foreign buying of shares as the stock market rose to its sixth record high in as many days, but traders said the gains were checked by suspected central bank intervention. The partially convertible rupee ended a
Published 10 Jul, 2007 12:00am
Yuan eases for fourth day

Yuan eases for fourth day

China's yuan eased against the dollar on Monday for a fourth consecutive session, consolidating after a rally through the key 7.60 mark early last week, with dealers predicting a further correction. The yuan ended trade at 7.6015 to the dollar, slightly b
Published 10 Jul, 2007 12:00am
PCB training camp starts today

PCB training camp starts today

Pakistan Cricket Board (PCB) has invited as many as 22 cricketers for fitness and training camp that will get underway here at National Cricket Academy and Qaddafi Stadium from Tuesday (July 10). According to a spokesman of PCB, there would be two session
Published 10 Jul, 2007 12:00am
Hockey training camp from July 18

Hockey training camp from July 18

A training camp for preparation of strong hockey team for 4-nation hockey tournament to be played at China will get underway at hockey stadium Islamabad from July 18.
Published 10 Jul, 2007 12:00am
England ponder Trescothick return

England ponder Trescothick return

England are weighing up whether to give an international recall to Marcus Trescothick. The 31-year-old opening batsman has not played for England in nearly a year and left the Ashes tour of Australia before the first Test with a recurrence of a stress rel
Published 10 Jul, 2007 12:00am
Late goal gifts Qatar surprise draw with Japan

Late goal gifts Qatar surprise draw with Japan

Qatar stunned defending champions Japan with a late equaliser to earn a 1-1 draw in their Asian Cup opener Monday, but it ended on a sour note with Hussain Yaser and coach Dzemaludin Musovic sent off. It was an uninspiring start to Japan's bid for a third
Published 10 Jul, 2007 12:00am
Australians banned over doping

Australians banned over doping

An Australian weightlifter and a powerlifter have been banned for two years for doping offences, officials said Monday, less than a month after weightlifting coach Sevdalin Marinov received a life ban. Weightlifter Deborah Groves and powerlifter Damien Th
Published 10 Jul, 2007 12:00am
Faisal to work for AFC

Faisal to work for AFC

Pakistan Football Federation (PFF) President Makhdoom Syed Faisal Saleh Hayat is performing duty in Disciplinary Committee of Asian Football Confederation (AFC) when Indonesia will take on Bahrain in 14th Asian Cup (Group-D) at Bung Karno Stadium, Jakarta
Published 10 Jul, 2007 12:00am
Mexico and Argentina reach Copa America semi-finals

Mexico and Argentina reach Copa America semi-finals

Mexico cruised to a 6-0 rout of a short-handed Paraguay squad, advancing to the semi-finals of the Copa America on Sunday. Mexico was in control from as early as the second minute when a woeful back-pass from Julio Cesar Caceres allowed Nery Castillo to g
Published 10 Jul, 2007 12:00am
Supreme Federer targets Sampras record

Supreme Federer targets Sampras record

Roger Federer wrapped up his fifth successive Wimbledon title and backed himself to pass Pete Sampras's record of seven All England Club titles and all-time mark of 14 Grand Slams. The world number one survived his greatest test as Wimbledon champion when
Published 10 Jul, 2007 12:00am
Syria hands to Lebanon suspected assassins' car

Syria hands to Lebanon suspected assassins' car

Syria has handed to Lebanon a car Beirut authorities believe was used in last year's killing of a Christian cabinet minister, security sources said on Monday. Lebanese investigators have concluded that al Qaeda-inspired militants of Fatah al-Islam were be
Published 10 Jul, 2007 12:00am
Mumbai train blasts trial may start this month

Mumbai train blasts trial may start this month

Twenty-eight people accused of involvement in the train bombings that killed 186 people last year in India's financial hub of Mumbai could be brought to trial by the end of July, a prosecutor said Monday. Police have filed charges against 18 Indian nation
Published 10 Jul, 2007 12:00am
EU and Israel warn Morocco against terror attacks

EU and Israel warn Morocco against terror attacks

The European Union has warned Morocco of the "almost certain probability" of terrorist attacks in the North African country and urged more security at Western embassies and tourism sites, a newspaper said on Monday.
Published 10 Jul, 2007 12:00am
Three found guilty of July 2005 London bomb plot

Three found guilty of July 2005 London bomb plot

An English court found three men guilty Monday over a failed Islamist plot to set off bombs in London on July 21, 2005, two weeks after suicide bombings which killed 52 commuters in the capital. Muktar Said Ibrahim, 29, Yassin Omar, 26, and Ramzi Mohammed
Published 10 Jul, 2007 12:00am
Nepal Maoists want absolute power: US

Nepal Maoists want absolute power: US

Nepal's Maoists remain bent on seizing "absolute power" over the country even though they have signed up for peace with mainstream parties, the US ambassador to Kathmandu said Monday. James Moriarty, whose three-year tenure in the Himalayan nation ends th
Published 10 Jul, 2007 12:00am
UK rejects EU treaty vote, Portugal won't reopen deal

UK rejects EU treaty vote, Portugal won't reopen deal

British Prime Minister Gordon Brown said on Monday he saw no need for a referendum on a new European Union treaty while EU president Portugal ruled out reopening a delicate compromise on its contents. Britain will insist that "every single detail" of the
Published 10 Jul, 2007 12:00am
Taiwan defends UN membership bid

Taiwan defends UN membership bid

A senior Taiwanese official on Monday defended the island's bid to join the United Nations and accused China of trying to destroy its freedom and democracy. Shieh Jhy-wey, head of the Government Information Office, also accused Beijing of repeatedly attem
Published 10 Jul, 2007 12:00am
Israeli-Russian billionaire to unveil new party

Israeli-Russian billionaire to unveil new party

Israeli-Russian billionaire Arkady Gaydamak announced on Monday he was setting up a new political party with the aim of toppling Prime Minister Ehud Olmert's unpopular government. "There is an urgent need to change the current government that justifies th
Published 10 Jul, 2007 12:00am
Afghan soldier kills four comrades

Afghan soldier kills four comrades

An Afghan soldier opened fire in his barracks in western Afghanistan Monday and killed four of his fellow troopers, an official said, suggesting the gunman may be linked to the Taliban. Seven other soldiers were hurt in the shooting in Herat province and
Published 10 Jul, 2007 12:00am
Greece and France hit out at new seven wonders

Greece and France hit out at new seven wonders

Greece and France hit out on Monday at the naming over the weekend of seven "new" wonders of the world after neither the Eiffel Tower nor the Acropolis made it onto the list. "Monuments do not have to parade on a podium like in a beauty contest," Greek Cu
Published 10 Jul, 2007 12:00am
Bosnia braces for Srebrenica massacre anniversary

Bosnia braces for Srebrenica massacre anniversary

Crowds lined Sarajevo's main street Monday as a convoy of trucks carried the remains of 465 Bosnian Muslims killed in Srebrenica Europe's worst massacre since World War II. The three trucks were headed for Srebrenica where the remains will be buried on We
Published 10 Jul, 2007 12:00am
US prefers nuclear talks after reactor shutdown

US prefers nuclear talks after reactor shutdown

The United States said Monday that it preferred six-party talks aimed at ending North Korea's nuclear weapons program to resume after the reclusive state shut down its key atomic reactor under UN supervision.
Published 10 Jul, 2007 12:00am
IAEA approves mission to North Korea

IAEA approves mission to North Korea

The UN atomic agency gave the green light Monday for inspectors to return to North Korea for the first time since 2002 to verify steps by Pyongyang to dismantle its nuclear weapons programme. The International Atomic Energy Agency's (IAEA) 35-nation board
Published 10 Jul, 2007 12:00am
Pentagon plays down Iraq report to Congress

Pentagon plays down Iraq report to Congress

The Pentagon sought to dampen expectations Monday over a report to the US Congress on Iraq, saying it was too early to tell whether its "surge" strategy in Iraq is working. Pentagon spokesman Bryan Whitman said the report due July 15 would be "a snapshot
Published 10 Jul, 2007 12:00am
BBC fined over 'Blue Peter' phone-in scam

BBC fined over 'Blue Peter' phone-in scam

British media watchdog Ofcom imposed an unprecedented 50,000 pound fine on the BBC on Monday over a phone-in scam on "Blue Peter", one of the public-service broadcasters most popular children's shows.
Published 10 Jul, 2007 12:00am
Cluster bombs leave legacy of pain for Lebanese

Cluster bombs leave legacy of pain for Lebanese

Rasha Zayoun thought the worst of last year's war between Israel and Hezbollah guerrillas was over when a ceasefire halted 34 days of fierce Israeli bombardment of south Lebanon. She was wrong.
Published 10 Jul, 2007 12:00am
Nine Iraqi soldiers killed

Nine Iraqi soldiers killed

At least nine Iraqi army soldiers were killed and 21 more wounded when a roadside bomb struck their bus in the northern province of Salaheddin on Monday, security officials said.
Published 10 Jul, 2007 12:00am
Iraqis warn of civil war if US troops withdrew

Iraqis warn of civil war if US troops withdrew

Iraqi leaders warned on Monday that an early US troop withdrawal could tip Iraq into all-out civil war after the New York Times said debate was growing in the White House over a gradual scaling-down of forces. The stark comments followed a wave of bombing
Published 10 Jul, 2007 12:00am
Iran slowing down uranium enrichment work: ElBaradei

Iran slowing down uranium enrichment work: ElBaradei

Iran has slowed the installation of centrifuge machines that enrich uranium for its controversial nuclear programme, the director of the International Atomic Energy Agency said on Monday. Western powers have condemned Tehran's expansion of enrichment work
Published 10 Jul, 2007 12:00am
Middle East peace efforts gather pace

Middle East peace efforts gather pace

Efforts to rekindle Middle East peacemaking gather pace almost a month after Hamas's take-over of Gaza, with key international players due in the region as Arab ministers prepare for a rare visit to Israel.
Published 10 Jul, 2007 12:00am
US to delay Kosovo independence

US to delay Kosovo independence

The United States is prepared to delay independence for Kosovo by several weeks or months if necessary in order to win the broadest possible support for the move, US officials said Monday.
Published 10 Jul, 2007 12:00am
Sterling holds above $2

Sterling holds above $2

Sterling sat comfortably above the $2 mark on Monday, consolidating last week's move to 26 year highs, with investors unruffled by below-forecast producer price data as it failed to dent expectations for another rate rise.
Published 10 Jul, 2007 12:00am
Dollar flat but sentiment negative

Dollar flat but sentiment negative

The dollar was mostly flat on Monday in a quiet session, but expectations the Federal Reserve will keep interest rates unchanged this year even as other central banks tighten monetary policy kept sentiment negative.
Published 10 Jul, 2007 12:00am
Bonds track Treasuries higher

Bonds track Treasuries higher

Euro zone government bonds rose marginally in thin trade on Monday, tracking stronger US Treasuries and supported by the failure of benchmark 10-year yields and swap rates to break key levels, analysts said. Bonds had slipped earlier on Monday after stron
Published 10 Jul, 2007 12:00am
Bonds track Treasuries higher

Bonds track Treasuries higher

Euro zone government bonds rose marginally in thin trade on Monday, tracking stronger US Treasuries and supported by the failure of benchmark 10-year yields and swap rates to break key levels, analysts said. Bonds had slipped earlier on Monday after stron
Published 10 Jul, 2007 12:00am
Earnings optimism, Boeing push indexes up

Earnings optimism, Boeing push indexes up

US stocks rose on Monday at the start of the earnings reporting season as investors bet companies will beat profit forecasts following signs of strength in the economy. Positive broker comments on companies, including Google Inc and Home Depot Inc, also a
Published 10 Jul, 2007 12:00am
Singapore stocks higher

Singapore stocks higher

Singapore share prices closed 1.82 percent higher on Monday, supported by gains in the banks and other blue chips, dealers said. The benchmark Straits Times Index jumped 64.76 points to 3,626.72, within touching distance of the record finish of 3,639.49 s
Published 10 Jul, 2007 12:00am
FTSE at three-week closing high

FTSE at three-week closing high

Britain's top share index rose to the highest close in more than three weeks on Monday as miners and a jump in Tate & Lyle boosted the FTSE amid a wider rally in global stocks. The FTSE 100 index closed 0.34 percent higher, or 22.6 points at 6,712.7, with
Published 10 Jul, 2007 12:00am
New York cotton called to open 0.50 cent higher

New York cotton called to open 0.50 cent higher

Cotton futures in open-outcry trading were called to open with 0.50 cent gains on Monday based on market orders as of 10:23 am EDT (1423 GMT), floor sources said. On Friday, the New York Board of Trade's key December cotton contract closed 0.74 cent highe
Published 10 Jul, 2007 12:00am
Copper spikes through $8,000

Copper spikes through $8,000

Copper broke through $8,000 a tonne for the first time since May as mine workers in Chile, the world's largest producer, went on strike and lead hit a new all-time high on supply fears.
Published 10 Jul, 2007 12:00am
Oil rises above $76 to new 11-month high

Oil rises above $76 to new 11-month high

Oil prices rose to an 11-month high above $76 a barrel on Monday as rising global oil demand and North Sea field maintenance exacerbated supply worries. London Brent crude, currently seen as a better indicator of the global market, climbed to an intraday
Published 10 Jul, 2007 12:00am
Chinese buyers eye Thai material

Chinese buyers eye Thai material

Indonesia's tyre-grade rubber is still a favourite with China, but the country's buyers are starting to switch their souring to Thailand where prices have fallen sharply. Thai RSS3 prices have dropped around 7 percent in the past two weeks as supply picke
Published 10 Jul, 2007 12:00am
Gold firms in Europe

Gold firms in Europe

Gold rose to its highest in just over three weeks on Monday, as firm oil and base metals prices attracted investors to commodities, analysts and traders said. Platinum hit a one-month peak as traders eyed ongoing wage talks in top producer South Africa.
Published 10 Jul, 2007 12:00am
Call to implement consumer rights law effectively

Call to implement consumer rights law effectively

Consumer Rights Forum (CRF) Chairperson Nasrren Shakeel Pathan has called for ensuring implementation of Consumer Protection Ordinance in its letter and spirit by establishing consumer courts for safeguarding the rights of consumers.
Published 10 Jul, 2007 12:00am
Aliens' registration blocked by political forces

Aliens' registration blocked by political forces

Political forces have pulled back illegal immigrants from registering themselves with the National Aliens Registration Authority (Nara), which has resulted in drastic decline in registration process during last few years.
Published 10 Jul, 2007 12:00am
Illegal housing schemes: NAB warns against investment

Illegal housing schemes: NAB warns against investment

The National Accountability Bureau (NAB) on Monday warned people against making investments in illegal housing schemes. The warning was issued by the Awareness and Prevention (A&P) Division, NAB in the backdrop of Quetta Development Authority's (QDA) decl
Published 10 Jul, 2007 12:00am
Jamshoro Nazim presents budget

Jamshoro Nazim presents budget

District Nazim Jamshoro Malik Asad Sikander has presented the budget for 2007-2008 at the district assembly hall, Jamshoro. The budget has been passed by all members of district council unanimously. District Nazim Malik Asad Sikander said that the Sindh g
Published 10 Jul, 2007 12:00am
Jamshoro Nazim presents budget

Jamshoro Nazim presents budget

District Nazim Jamshoro Malik Asad Sikander has presented the budget for 2007-2008 at the district assembly hall, Jamshoro. The budget has been passed by all members of district council unanimously. District Nazim Malik Asad Sikander said that the Sindh g
Published 10 Jul, 2007 12:00am
Progress on Khairpur projects reviewed

Progress on Khairpur projects reviewed

Khairpur Zila Nazim Syed Niaz Hussain Shah has said the people within next few months will start getting the benefits of fast-paced development process launched by the district government.
Published 10 Jul, 2007 12:00am
Civilised protest

Civilised protest

The recent conferring of knighthood on Rushdie and its timing has infuriated the entire Muslim Ummah. The British, known for their tolerance, have dismayed everyone by conferring this title on one of the most controversial and mediocre writer of modern ti
Published 10 Jul, 2007 12:00am
Motorcyclists' dilemma

Motorcyclists' dilemma

Apropos of Mr M. Mumtaz Hussain's letter of 21 June 07 on the above caption; majority of law abiding citizens, who too drive cars on the same roads at the same time as the motorcyclists ply, would give full marks to the Traffic Police for their much warra
Published 10 Jul, 2007 12:00am
Campaigners keep watch on Dubai's man-made isles

Campaigners keep watch on Dubai's man-made isles

Giant islands taking shape off the coast of Dubai are sparking interest not only from celebrities but also from environmental campaigners jittery about the man-made structures so large they can be seen from space.
Published 10 Jul, 2007 12:00am
The nature of challenges in textile and clothing sector-III

The nature of challenges in textile and clothing sector-III

An important element of achieving progress and success in production and exports is development through research. The textile and clothing sector in Pakistan could benefit from a multi-dimensional research agenda, whose focus would include the following a
Published 10 Jul, 2007 12:00am
Appalling bloodshed

Appalling bloodshed

Coinciding with the bloody events at the Lal Masjid and its seminary Jamia Hafsa in Islamabad there have been horrendous incidents of mindless violence in the northern regions of the country. A suicide bomber rammed an explosives-laden car into a military
Published 10 Jul, 2007 12:00am
Too slow progress

Too slow progress

Although it was in 1993 that the first agreement on Iran-Pakistan-India (IPI) gas pipeline project was signed, and Pakistan and Iran signed another agreement to prepare the feasibility report five years ago, progress has remained too slow due to one reaso
Published 10 Jul, 2007 12:00am
Withdrawal of discount facility

Withdrawal of discount facility

The discount facility from the central bank is available to the financial institutions to meet their temporary needs for cash, squaring their positions or for other requirements at a predetermined rate which is adjusted periodically for easing or tighteni
Published 10 Jul, 2007 12:00am
World Population Day on July 11

World Population Day on July 11

World Population Day will be observed on July 11 in a befitting manner. A number of activities have been planned to mark the occasion. A special programme will be organised by the Department of Population, Sukkur on July 10.
Published 10 Jul, 2007 12:00am
PPP protests sealing of Islamabad Press Club

PPP protests sealing of Islamabad Press Club

The Pakistan People's Party has expressed strong exception to the news of the sealing of the Islamabad Press Club and the Holiday Inn Hotel by the police on Sunday. In a press statement, the party's secretary general Sherry Rahman said the Lal Masjid cris
Published 10 Jul, 2007 12:00am
Model Customs Collectorates: 16 officers selected on double pay package

Model Customs Collectorates: 16 officers selected on double pay package

The Federal Board of Revenue (FBR) has selected 16 officers of BS 19-20 of Customs and Excise Group on double pay package for Model Customs Collectorates (MCCs). The following BS 20-19 of Customs and Excise Group have qualified the IJP process for the pos
Published 10 Jul, 2007 12:00am
NIMRA playing pivotal role in treating cancer

NIMRA playing pivotal role in treating cancer

Nuclear Institute of Medical Radiotherapy (NIMRA), Jamshoro, a hope for cancer-allied patients of the country particularly of Sindh, is playing pivotal role in diagnosing and managing various diseases and treatment of cancer.
Published 10 Jul, 2007 12:00am
No let-up in ordeal of G-6 area residents

No let-up in ordeal of G-6 area residents

There seems no end to the ordeal of G-6 curfew area residents who are facing problems like food items shortage, food inflation, non-availability of Sui gas, power load-shedding, double price of the edibles and cash shortage. The people are forced back to
Published 10 Jul, 2007 12:00am
MMA wants peaceful resolution of Lal Masjid standoff: Akram Durrani

MMA wants peaceful resolution of Lal Masjid standoff: Akram Durrani

NWFP Chief Minister Akram Khan Durrani has said that he along with Leader of the Opposition in National Assembly Maulana Fazal-ur-Rehman tried to bring an end the Lal Masjid stand-off and resolve the issue peacefully through dialogue and Jirga. It was our
Published 10 Jul, 2007 12:00am
Chinese killings: NWFP government vows to arrest murderers

Chinese killings: NWFP government vows to arrest murderers

The government of NWFP on Monday strongly condemned the killing of Chinese nationals in Peshawar on Sunday night and expressed the resolve to arrest the criminals and bring them to task at the earliest. The resolve was made in a meeting of the provincial
Published 10 Jul, 2007 12:00am
Prolonged Lal Masjid saga makes people's life miserable

Prolonged Lal Masjid saga makes people's life miserable

The residents of the twin cities are facing a number of problems as curfew clamped in G-6 Sector due to Lal Masjid imbroglio is making people's life very miserable. Talking to the Business Recorder, people belonging to different walks of life said
Published 10 Jul, 2007 12:00am
Tributes paid to Fatima Jinnah

Tributes paid to Fatima Jinnah

The 40th death anniversary of the Madar-e-Millat Mohtarma Fatima Jinnah was observed here on Monday like other parts of the country. Nazria-e-Pakistan Foundation arranged Quran Khawani at Majlis-e-Karkunan-e-Pakistan for the eternal peace of the Madar-e-M
Published 10 Jul, 2007 12:00am
Plots distributed among poor in Punjab

Plots distributed among poor in Punjab

On the directives of Chief Minister Punjab Chaudhry Pervaiz Elahi, as many as 114,296 plots of 5-marla have been distributed in 28 districts of the province among the poor and shelter-less people purely on merit basis. This was disclosed by the Minister C
Published 10 Jul, 2007 12:00am
Public and private universities increase fees enormously

Public and private universities increase fees enormously

State run Bahauddin Zakariya University, Multan has increased its fee by Rs 200 to 500 putting the future of students belonging to middle class at stake without assigning any reason while it had earned Rs 90 million profit in holding examinations.
Published 10 Jul, 2007 12:00am
'Sugar import may deepen crisis'

'Sugar import may deepen crisis'

The market sources, sugar experts and technologists, and farmers circles have expressed the fear that sugar crisis may aggravate further in case government allows import of sugar to deal with any delay in the forthcoming crushing season.
Published 10 Jul, 2007 12:00am
LHC allows former minister to go abroad

LHC allows former minister to go abroad

The Lahore High Court (LHC) has allowed the former provincial minister Malik Mushtaq Awan to go abroad for his medical check-up for a month. The court also directed the government to deliver his passport to him so as to enable him to go abroad. The applic
Published 10 Jul, 2007 12:00am
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