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Print - 2007-07-13
IMF team in Senegal look at spending, transparency

IMF team in Senegal look at spending, transparency

An IMF team began a mission to Senegal on Thursday to press for better public sector transparency, rein in growing budget deficits and agree a programme to boost donor confidence and development aid.
Published 13 Jul, 2007 12:00am
German railways confident of deal with rebel union

German railways confident of deal with rebel union

Deutsche Bahn said on Thursday it was confident of reaching a pay deal with a rebel train drivers union that rejected a pact signed by other unions this week after a series of crippling warning strikes.
Published 13 Jul, 2007 12:00am
Palm prices lift Malaysia's IOI profit 35 percent

Palm prices lift Malaysia's IOI profit 35 percent

Strong palm oil prices will lift net profit by 35 percent for Malaysia's top planter, IOI Corp Bhd, in the year to June 2007, but will also blunt the firm's acquisition prospects, a top company official said.
Published 13 Jul, 2007 12:00am
AOL settles with states on cancellation complaints

AOL settles with states on cancellation complaints

Time Warner Inc's AOL reached a settlement with 48 states and the District of Columbia under which it will change its policy on account cancellations, officials announced on Wednesday.
Published 13 Jul, 2007 12:00am
Taiwan stocks higher

Taiwan stocks higher

Taiwan stocks closed 0.68 percent higher on Thursday, with financial shares and some technology players such as mobile phone casing maker Catcher leading a rebound after gains on Wall Street. The main TAIEX share index ended up 63.46 points at 9,354.41, f
Published 13 Jul, 2007 12:00am
Indian shares close at record high

Indian shares close at record high

Indian share prices closed up 1.22 percent to a new record high on Thursday led by automobile and banking stocks, dealers said. They said software stocks remained subdued after India's second biggest software exporter Infosys Technologies lowered its full
Published 13 Jul, 2007 12:00am
Hong Kong shares scale all-time highs

Hong Kong shares scale all-time highs

Hong Kong stocks rebounded 1.4 percent to hit a record on Thursday, their seventh in the last eight sessions, with broker upgrades helping to lift large-caps China Mobile and Ping An Insurance to all-time highs.
Published 13 Jul, 2007 12:00am
US stocks gain on earnings optimism

US stocks gain on earnings optimism

US stocks rose on Wednesday as a scarcity of profit warnings fuelled optimism over the corporate reporting season, enabling the market to regain its footing after a sharp drop the previous session. Shares of fast-food company Yum Brands, which jumped 4.9
Published 13 Jul, 2007 12:00am
Treasuries: bonds fall as subprime worries wane

Treasuries: bonds fall as subprime worries wane

US government bond prices fell on Wednesday as investors took a breather from subprime mortgage market worries and pushed stocks higher. Wednesday's profit-taking erased much of the previous day's advance, but not all of it. Analysts said with the market
Published 13 Jul, 2007 12:00am
Treasuries: bonds fall as subprime worries wane

Treasuries: bonds fall as subprime worries wane

US government bond prices fell on Wednesday as investors took a breather from subprime mortgage market worries and pushed stocks higher. Wednesday's profit-taking erased much of the previous day's advance, but not all of it. Analysts said with the market
Published 13 Jul, 2007 12:00am
Malaysian shares climb

Malaysian shares climb

Malaysian share prices closed 0.49 percent higher on Thursday following Wall Street's strong rebound overnight and on hopes the government will continue to pump-prime the economy, dealers said. The Kuala Lumpur Composite Index gained 6.75 points to 1,366.
Published 13 Jul, 2007 12:00am
Thai shares lower

Thai shares lower

Thai share prices closed 0.28 percent lower Thursday on selling of export-linked stocks as the local currency hit a fresh 10-year high against the dollar, dealers said. They said investors also dumped banking and energy shares.
Published 13 Jul, 2007 12:00am
Indonesian shares close higher

Indonesian shares close higher

Jakarta share prices closed 0.51 higher Thursday, driven by Wall Street's rebound overnight, with gains led by Telkom and Indosat on expectations of strong first half results, dealers said. The Jakarta Stock Exchange composite index closed up 11.499 point
Published 13 Jul, 2007 12:00am
Nikkei down

Nikkei down

Japan's Nikkei average lost 0.36 percent on Thursday to log its lowest close in two weeks, weighed down by Tokyo Electron Ltd and similar stocks after the company reported weak chip orders data a day. Shares of Nomura Holdings Inc tumbled nearly 5 percent
Published 13 Jul, 2007 12:00am
Singapore shares up

Singapore shares up

Singapore share prices closed 0.82 percent higher on Thursday on gains in blue chips following Wall Street's rebound overnight, dealers said. The Straits Times Index rose 29.62 points to 3,624.56. Volume totalled 3.95 billion shares worth 2.9 billion Sing
Published 13 Jul, 2007 12:00am
Philippines shares higher

Philippines shares higher

Philippines share prices closed 1.63 percent higher on Thursday, snapping a four-day losing streak, with Wall Street's rebound overnight triggering bargain-hunting in blue chips, dealers said. The composite index added 60.24 points to end at 3,756.75, its
Published 13 Jul, 2007 12:00am
Australian dollar eases

Australian dollar eases

The Australian dollar eased further away from an 18-year high on Thursday after domestic data showed the jobless rate ticked up in June, trimming expectations that interest rates here would increase later this year.
Published 13 Jul, 2007 12:00am
Indian rupee knocked lower

Indian rupee knocked lower

The Indian rupee fell sharply on Thursday just as it looked set to test a nine-year high, knocked to a two-week low by suspected central bank intervention before a rising stock market helped it regain some poise. The partially convertible rupee ended at 4
Published 13 Jul, 2007 12:00am
Yen reacts little to BoJ vote in Tokyo

Yen reacts little to BoJ vote in Tokyo

The yen was little changed near an all-time low against the euro on Thursday, as investors showed muted reaction after the Bank of Japan held interest rates unchanged at 0.5 percent as expected but did so on a split vote. The dollar was narrowly mixed aft
Published 13 Jul, 2007 12:00am
Dollar flat versus euro in New York

Dollar flat versus euro in New York

The dollar was little changed against the euro and rose against the yen on Wednesday as a spike in investor aversion to risk tentatively faded and US stocks indexes rebounded from Tuesday's swoon. However, the dollar was still down against sterling and ha
Published 13 Jul, 2007 12:00am
Bangladesh interbank forex rates

Bangladesh interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Thursday. 68.63/68.66 (previous 68.64/68.67). Call Money Rates: 6.50-10.00 percent (previous 6.50-10.00 percent).
Published 13 Jul, 2007 12:00am
Asian currencies mostly on defensive

Asian currencies mostly on defensive

The Philippine peso rebounded on Thursday as market jitters about the US subprime mortgage crisis eased, but the lingering concerns still put pressure on most Asian currencies. Ben Simpfendorfer, currency strategist at Royal Bank of Scotland, said the vol
Published 13 Jul, 2007 12:00am
Hong Kong dollar ends steady

Hong Kong dollar ends steady

The Hong Kong dollar was stuck in a narrow range on Thursday, while most interbank rates softened amid expectations for an improvement in liquidity once money is released from IPO subscriptions. The currency was trading at 7.8164/65 against the US dollar
Published 13 Jul, 2007 12:00am
Divisional Football: workshop beat Multan 3-2 in final

Divisional Football: workshop beat Multan 3-2 in final

Workshop overcame Multan 3-2 in the exciting final of Railways Divisional Football Championship 2007 here at Railway Stadium on Thursday. The holder's Multan, despite taking lead, failed to capitalise and surrender the title to spirited Workshop team.
Published 13 Jul, 2007 12:00am
Marri hails PFF's ban on Punjab minister

Marri hails PFF's ban on Punjab minister

President, Balochistan Football Association (BFA), Mir Muhammad Jan Marri, has hailed Pakistan Football Federation (PFF)'s decision of imposing 10-years ban on former PFF secretary general Muhammad Arshad Khan Lodhi and abstaining him from taking part in
Published 13 Jul, 2007 12:00am
Pathan back in the swing after Lillee help

Pathan back in the swing after Lillee help

Discarded Indian seamer Irfan Pathan says he has regained his bowling rhythm after working with Australian pace legend Dennis Lillee and is confident of a quick recall to the national side. The 22-year-old left-hander was hailed as a future successor to r
Published 13 Jul, 2007 12:00am
Qatar burst Vietnam's bubble with late strike

Qatar burst Vietnam's bubble with late strike

Qatar forward Sebastian Quintana burst Vietnam's bubble with a 79th-minute equaliser, salvaging a precious 1-1 draw with the Asian Cup co-hosts on Thursday. Vietnam were within sight of becoming the first team to reach the quarter-finals after Phan Thanh
Published 13 Jul, 2007 12:00am
FIFA confirm squad lists for Mandela's match

FIFA confirm squad lists for Mandela's match

FIFA have unveiled the full list of players taking part in next week's charity match in honour of former South African president Nelson Mandela. Pele, Ruud Gullit and French World Cup winner Christian Karembeu head the line-up for the Rest of the World te
Published 13 Jul, 2007 12:00am
Russia without Sharapova for Fed Cup semi-final

Russia without Sharapova for Fed Cup semi-final

Russia will be missing Maria Sharapova and maybe their coach for this weekend's Fed Cup semi-final against the United States while defending champions Italy face a daunting task against France.
Published 13 Jul, 2007 12:00am
Muralitharan claims 59th five-wicket haul in rain-hit Test

Muralitharan claims 59th five-wicket haul in rain-hit Test

Sri Lankan spin wizard Muttiah Muralitharan claimed his 59th five-wicket haul before rain wreaked havoc in the final cricket Test against Bangladesh here on Thursday. The world record-chasing bowler finished with 6-28 as Bangladesh were shot out for 131 i
Published 13 Jul, 2007 12:00am
Five killed in Thai south

Five killed in Thai south

Suspected rebels have killed five people in Thailand's troubled south, police said Thursday, highlighting ongoing violence in the region as the Thai premier wrapped up a two-day visit. Police said they found the body of an unidentified man, who had been s
Published 13 Jul, 2007 12:00am
Al Qaeda getting stronger: US intelligence

Al Qaeda getting stronger: US intelligence

A new US intelligence report shows al Qaeda is gaining strength and has established a safe haven in remote tribal areas of western Pakistan for training and plotting attacks, The Washington Post reported on Thursday.
Published 13 Jul, 2007 12:00am
Thaksin summoned to face graft trial

Thaksin summoned to face graft trial

Thai prosecutors stuck a summons on the door of ousted Prime Minister Thaksin Shinawatra's Bangkok home on Thursday, demanding he and his wife, who live in exile in London, appear in court next month to answer corruption charges.
Published 13 Jul, 2007 12:00am
Japan Prime Minister's future in balance as campaign starts

Japan Prime Minister's future in balance as campaign starts

Campaigning began on Thursday for a Japanese upper house election on July 29 that could cost Prime Minister Shinzo Abe his job and usher in a period of policy stagnation if his ruling bloc loses heavily.
Published 13 Jul, 2007 12:00am
Philippine ferry sinks; 12 dead

Philippine ferry sinks; 12 dead

A ferry sank in stormy waters in the central Philippines early Thursday leaving at least 12 people dead and more than 100 missing, the military said. Huge waves rolled over the 400-tonne MV Blue Water as it lay half-submerged near the coast of San Francis
Published 13 Jul, 2007 12:00am
Two British Council employees arrested in Eritrea

Two British Council employees arrested in Eritrea

Eritrea has arrested two British Council employees in Asmara, the Red Sea state said on Thursday, and also accused a British diplomat of breaking its laws. "Only one is (still) in detention. I don't want to enter into details. The law has been violated,"
Published 13 Jul, 2007 12:00am
New Delhi cracks down on 'killer' commuter buses

New Delhi cracks down on 'killer' commuter buses

Tens of thousands of people were left stranded and sweating at bus stops in the Indian capital Thursday amid a local government crackdown on private commuter buses blamed for dozens of deaths.
Published 13 Jul, 2007 12:00am
Rice postpones trip to Jerusalem and Ramallah

Rice postpones trip to Jerusalem and Ramallah

US Secretary of State Condoleezza Rice has postponed a trip to Jerusalem and Ramallah which had been due next week, US officials said Thursday. "The secretary will postpone a planned step in Jerusalem and Ramallah until the end of the month," State Depart
Published 13 Jul, 2007 12:00am
British woman 'proud' to be married to Osama's son

British woman 'proud' to be married to Osama's son

A British grandmother who recently married a son of al Qaeda chief Osama Bin Laden is proud of her husband, who does not know where his father is, she told a Saudi daily published on Thursday. "I know that I'm married to the son of the most dangerous pers
Published 13 Jul, 2007 12:00am
Russia attacks new Kosovo resolution

Russia attacks new Kosovo resolution

Russia attacked on Thursday the latest United Nations draft resolution on the future of the province of Kosovo, saying it amounted to the same old Western-backed plan for independence dressed up in new language.
Published 13 Jul, 2007 12:00am
US adds five Iranian entities to WMD control list

US adds five Iranian entities to WMD control list

The United States is stiffening export controls on five Iranian entities because of concerns about their links with weapons of mass destruction, the US Commerce Department said on Thursday. Three are involved in prohibited nuclear activities and two are i
Published 13 Jul, 2007 12:00am
US flight to London diverted to New York

US flight to London diverted to New York

An American Airlines flight heading from Los Angeles to London was diverted to New York on Thursday over security concerns but US authorities said the incident was likely a "misunderstanding", US media reported.
Published 13 Jul, 2007 12:00am
Six Afghan cops killed in roadside bomb

Six Afghan cops killed in roadside bomb

Six Afghan policemen were killed on Thursday when a roadside bomb hit their vehicle, part of a convoy of US-led forces in south-east Afghanistan, a provincial police official said. There were no reports of casualties among soldiers in the blast, which hap
Published 13 Jul, 2007 12:00am
Six Lebanese troops killed in camp battles

Six Lebanese troops killed in camp battles

Al Qaeda-inspired militants killed six Lebanese soldiers on Thursday in fierce battles at a Palestinian refugee camp in north Lebanon, security sources said. They said 22 soldiers were wounded, three seriously, in fighting at the Nahr al-Bared camp which
Published 13 Jul, 2007 12:00am
UN inspectors optimistic as they head for North Korea

UN inspectors optimistic as they head for North Korea

International Atomic Energy Agency monitors said as they prepared to leave for North Korea on Thursday they were optimistic about their mission to verify a pledge by Pyongyang to shut down its atomic bomb programme.
Published 13 Jul, 2007 12:00am
Nigerian three-year-old boy kidnapped

Nigerian three-year-old boy kidnapped

A 3-year-old Nigerian boy was kidnapped in the oil-producing Niger Delta in southern Nigeria on Thursday, police said, four days after a British girl of the same age was released by her kidnappers. Police spokeswoman Ireju Barasua said the boy was snatche
Published 13 Jul, 2007 12:00am
Iran and UN team hold further talks

Iran and UN team hold further talks

Iranian nuclear officials and a visiting team from the UN nuclear watchdog held a second round of talks on Thursday to discuss ways to remove outstanding questions about Iran's disputed nuclear programme. Iran has offered to draw up an "action plan" to ad
Published 13 Jul, 2007 12:00am
Syria may be flexible on key Israeli demand: UN

Syria may be flexible on key Israeli demand: UN

Syria has signalled to the UN's Middle East envoy a willingness to change its relationship with Iran, Hezbollah and Hamas if progress were made towards a peace deal with Israel. UN special envoy Michael Williams told Reuters in an interview on Thursday th
Published 13 Jul, 2007 12:00am
BBC apologises to queen

BBC apologises to queen

The BBC apologised to Queen Elizabeth II on Thursday after it implied that she stormed out of a photo shoot with celebrity photographer Annie Leibovitz amid a row over her crown. The broadcaster released a snippet from forthcoming documentary "A Year With
Published 13 Jul, 2007 12:00am
Walking robot offers clues to human movement

Walking robot offers clues to human movement

A walking robot that adapts to different terrain is helping scientists understand how humans move and could one day lead to improved treatment for spinal cord and other injuries, German researchers said on Friday.
Published 13 Jul, 2007 12:00am
Sterling retreats

Sterling retreats

Profit-taking knocked sterling off earlier 26-year peak versus the dollar on Thursday, with soft UK housing data also weighing on sentiment. Data from the Royal Institution of Chartered Surveyors showed that house price inflation slowed sharply in June to
Published 13 Jul, 2007 12:00am
Dollar hits multi-year low

Dollar hits multi-year low

The dollar sank to a record low against the euro and a multi-year trough versus a basket of major currencies on Thursday, weighed by concerns that wobbles in US mortgage and credit markets could spread to the wider economy.
Published 13 Jul, 2007 12:00am
Seoul shares hit record

Seoul shares hit record

Seoul shares rallied on Thursday to a sixth record close this month as Daiwa Shipbuilding gained after posting a surge in operating profit, while Samsung Electronics and POSCO jumped ahead of their earnings results.
Published 13 Jul, 2007 12:00am
Crossover index stages rally

Crossover index stages rally

European credit markets staged a rally in afternoon trade, spurred by higher US equities which helped alleviate some fears about the subprime mortgage market crisis that have hammered spreads in the past two days.
Published 13 Jul, 2007 12:00am
Crossover index stages rally

Crossover index stages rally

European credit markets staged a rally in afternoon trade, spurred by higher US equities which helped alleviate some fears about the subprime mortgage market crisis that have hammered spreads in the past two days.
Published 13 Jul, 2007 12:00am
Thursday's mid-afternoon trade: indices rally on retail sales

Thursday's mid-afternoon trade: indices rally on retail sales

US stocks rallied on Thursday, boosting the Dow to a record, as healthy sales from key retailers reassured investors about the economy, while take-over speculation drove Alcoa Inc's shares to a lifetime high. At one point, the Dow rose more than 200 point
Published 13 Jul, 2007 12:00am
Chinese shares up

Chinese shares up

China's main stock index ended up 1.3 percent on Thursday on expectations of strong earnings for blue chip companies, shrugging off fears that new initial public offerings would overwhelm the market with fresh supply.
Published 13 Jul, 2007 12:00am
Britain's top share index rises

Britain's top share index rises

Britain's leading shares ended up 1.3 percent on Thursday, with miners rising after Rio Tinto signed a cash deal to buy Canada's Alcan, and oil stocks were lifted as crude rose to an 11-month high. The FTSE 100 ended 82.6 points higher at 6,697.7.
Published 13 Jul, 2007 12:00am
ICE open to buying exchange or be takeover target

ICE open to buying exchange or be takeover target

After losing the battle this week to buy the Chicago Board of Trade, the Atlanta-based IntercontinentalExchange is open to purchasing another exchange or becoming a take-over target itself, the head of ICE said on Thursday.
Published 13 Jul, 2007 12:00am
London coffee falls on profit-taking

London coffee falls on profit-taking

London robusta coffee futures closed down on profit-taking on Thursday after nudging close to nine-year peaks, while cocoa and sugar were dominated by position rolling ahead of contract expires next week. September robustas settled down $47 or 2.34 percen
Published 13 Jul, 2007 12:00am
Oil briefly scales 11-month high

Oil briefly scales 11-month high

Oil briefly scaled a new 11-month high above $77 a barrel on Thursday amid increased flows of fund money, though gains were capped by news of refinery restarts in the fuel-hungry United States. London Brent crude, seen as the best indicator of the global
Published 13 Jul, 2007 12:00am
India to get 50 percent wheat from Canada

India to get 50 percent wheat from Canada

More than half of the wheat India agreed to buy after a recent tender will come from Canada, with other cargoes expected from Europe, the chief of India's top grain buying body said on Thursday.
Published 13 Jul, 2007 12:00am
New York cotton modestly higher

New York cotton modestly higher

US cotton futures ended modestly higher on Thursday, reversing morning losses following a slightly bearish USDA supply/demand report, when funds and speculators saw the dips as buying opportunities, traders said.
Published 13 Jul, 2007 12:00am
Mine strikes support copper, lead hits high

Mine strikes support copper, lead hits high

Falling stocks and a strike in the world's biggest copper producer, Chile, supported prices of the industrial metal on Thursday, although global economic concerns dragged on the market, analysts and traders said.
Published 13 Jul, 2007 12:00am
European gold jumps

European gold jumps

Gold jumped more than 1 percent to a one-month high on Thursday, powered by the dollar that slumped to a record low against the euro. But the metal was likely to attract heavy selling at key technical points on its upward move as investors were not yet co
Published 13 Jul, 2007 12:00am
US MIDDAY: wheat ends both ways

US MIDDAY: wheat ends both ways

Soft red winter wheat futures at the Chicago Board of Trade were mixed at midsession on Thursday in choppy trade, losing ground to Kansas City wheat on inter-market spreads, traders said.
Published 13 Jul, 2007 12:00am
US MIDDAY: corn mixed

US MIDDAY: corn mixed

Corn futures at the Chicago Board of Trade were mixed early on Thursday with the market torn between bearish corn stocks numbers and bullish implications from some outlooks for hot weather by early next week in the US Midwest, traders said. "Corn wants to
Published 13 Jul, 2007 12:00am
US MIDDAY: soyabeans move up

US MIDDAY: soyabeans move up

Chicago Board of Trade soyabean futures rose to contract highs early on Thursday as the market remains technically strong and jitters about dryness in the western belt sparked additional buying, traders said.
Published 13 Jul, 2007 12:00am
US MIDDAY: copper futures rise

US MIDDAY: copper futures rise

US copper futures rose in early business on Thursday, but backed away from their overnight highs as technical selling emerged after the market's test and failure at key chart points, traders said.
Published 13 Jul, 2007 12:00am
US MIDDAY: gold rallies

US MIDDAY: gold rallies

Soaring oil prices and a slumping dollar sent US gold futures to a five-week high early on Thursday, as the precious metal's recent rally led to a sharp inflow into the largest bullion exchange-traded fund.
Published 13 Jul, 2007 12:00am
Government's top priority to boost small industries: minister

Government's top priority to boost small industries: minister

Sindh Minister for Labour, Transport, Industries and Commerce Adil Siddiqui has said that present government had initiated various projects to promote industrial and business activities to provide job opportunities to jobless youths.
Published 13 Jul, 2007 12:00am
Fake currency note: SBP directive to banks and DFIs

Fake currency note: SBP directive to banks and DFIs

State Bank of Pakistan has directed the banks and DFIs to make special arrangements to check the counterfeiting of currency. Despite the SBP claim that the new currency notes were more secure than the old currency notes, the SBP was receiving reports that
Published 13 Jul, 2007 12:00am
CDC and DTCC to share information on market updates: MoU signed

CDC and DTCC to share information on market updates: MoU signed

The Depository Trust and Clearing Corporation (DTCC) in New York has signed a memorandum of understanding (MoU) with the Central Depository Company of Pakistan Limited (CDC), designed to forge closer ties between the two organisations.
Published 13 Jul, 2007 12:00am
CDC and DTCC to share information on market updates: MoU signed

CDC and DTCC to share information on market updates: MoU signed

The Depository Trust and Clearing Corporation (DTCC) in New York has signed a memorandum of understanding (MoU) with the Central Depository Company of Pakistan Limited (CDC), designed to forge closer ties between the two organisations.
Published 13 Jul, 2007 12:00am
NWFP approves free education for 180 talented students

NWFP approves free education for 180 talented students

North West Frontier Province Governor Ali Mohammad Jan Orakzai and Chief Minister Akram Khan Durrani have jointly approved a project for provision of free quality education to 180 talented and deserving students of the Frontier province and tribal areas i
Published 13 Jul, 2007 12:00am
Mobile phones to have three-digit code soon

Mobile phones to have three-digit code soon

Mobile phones in Pakistan will soon have three digit code along with eight digits number to accommodate rapidly increasing number of users, it is learnt. A source said that the Pakistan Telecommunication Authority (PTA) had floated a proposal to accommoda
Published 13 Jul, 2007 12:00am
PPP of ZAB

PPP of ZAB

ZAB gave his life for a principle, and till today his ghost haunts every military ruler. Benazir Bhutto should never contemplate a deal with a man in uniform, otherwise it will deliver a blow to her credibility, which will forever bury her as a nonentity
Published 13 Jul, 2007 12:00am
New electricity meters

New electricity meters

Nowadays, without any prior notice to consumers, KESC is replacing old serviceable electricity meters by new meters, which are alleged to be pre-engineered fast in function as experienced by general consumers who have already fallen victim of this high-ha
Published 13 Jul, 2007 12:00am
Millions spent, but the Indian capital's river still stinks

Millions spent, but the Indian capital's river still stinks

From a boat on the Yamuna River that flows past India's capital, it's easy to spot bubbles of fetid gas sent up to the water's surface by rotting sewage -- and that's after at least 350 million dollars has been spent on cleaning it up.
Published 13 Jul, 2007 12:00am
EU kicks off a new Great Game in Central Asia

EU kicks off a new Great Game in Central Asia

In the 19th century, the British and Russian empires played the so-called "Great Game" for power in Central Asia. A century and a half later, the European Union would be happy just to get a foot in the door of the resource-rich buffer region sandwiched be
Published 13 Jul, 2007 12:00am
Learning to trade with charts

Learning to trade with charts

We have seen some of the charts that are generally used for technical analysis by various traders and analysts. Here we will general1y be referring to the Candlestick charts. It would, therefore, be befitting to take a slightly more detailed view of the c
Published 13 Jul, 2007 12:00am
Chinese killings

Chinese killings

Sunday's terrorist attack on a Chinese run workshop located in Peshawar, that left three young Chinese men dead and one injured, comes as a hugely tragic and embarrassing incident. Initial reports said the men were attacked while trying to resist a dacoit
Published 13 Jul, 2007 12:00am
Wapda's request for another raise

Wapda's request for another raise

About a week after being allowed by Nepra to increase its hydroelectric tariff by 36.65 paisa per unit for the year 2007-08, Wapda has made a representation to the government for raising its consumer tariff so as to improve its financial health, says a <i
Published 13 Jul, 2007 12:00am
New Sindh chief secretary takes charge

New Sindh chief secretary takes charge

The new Chief Secretary of Sindh, Aijaz Qureshi, took over the office here on Thursday. He was welcomed by outgoing Chief Secretary, Shakil Durrani who hoped that Qureshi will perform administrative affairs with all smoothness.
Published 13 Jul, 2007 12:00am
Mufap opposes tax on capital gains through mutual funds

Mufap opposes tax on capital gains through mutual funds

Any change in tax treatment without taking into confidence the mutual fund industry can have negative bearing on the development of the mutual fund industry, in general and the capital market in particular.
Published 13 Jul, 2007 12:00am
Mufap opposes tax on capital gains through mutual funds

Mufap opposes tax on capital gains through mutual funds

Any change in tax treatment without taking into confidence the mutual fund industry can have negative bearing on the development of the mutual fund industry, in general and the capital market in particular.
Published 13 Jul, 2007 12:00am
Ibad for continuous monitoring of KESC operations

Ibad for continuous monitoring of KESC operations

Sindh Governor Dr Ishrat-ul-Ebad Khan has stressed on continuous monitoring of KESC's technical and other operations as well as its ongoing projects. In this regard he asked the Wapda's team of experts constituted last week to have a review of the corpora
Published 13 Jul, 2007 12:00am
Islamic banking in Pakistan has greater potential

Islamic banking in Pakistan has greater potential

The Islamic Finance Industry is developing at a rapid pace, said Ashar Nazim, Managing Director, Islamic Capital Partners Limited. He said capturing 3 percent market share within five years was remarkable, even by International standards.
Published 13 Jul, 2007 12:00am
Agricultural curricula needs redesign: Ansari

Agricultural curricula needs redesign: Ansari

The fifth convocation of Sindh Agriculture University was held at main auditorium of its campus on Thursday. Dr A.Q. Ansari founder vice chancellor Sindh Agriculture University Tando Jam who was also the rector of Al-Khair University AJK attended the conv
Published 13 Jul, 2007 12:00am
Acting KCCI joint secretary

Acting KCCI joint secretary

Joint Secretary of Karachi Chamber of Commerce and Industry (KCCI) Khalil Ahmed has been appointed acting Secretary following the resignation of Mohib K Habib. He will perform all functions and duties of the Secretary of the premier chamber of Pakistan.
Published 13 Jul, 2007 12:00am
Low flood at Guddu and Sukkur barrages

Low flood at Guddu and Sukkur barrages

The Irrigation and Power Department, Government of Sindh has said flood situation in the province was law as there was low flood at Guddu and Sukkur barrages while Kotri barrage is flowing normal on Thursday. The floodwater was overflowing on the banks of
Published 13 Jul, 2007 12:00am
Meezan Bank introduces 12-hour banking service

Meezan Bank introduces 12-hour banking service

Meezan Bank the first and largest Islamic Bank of Pakistan has started 8 am to 8 pm banking in Karachi, Lahore and Faisalabad. President and CEO Meezan Bank Irfan Siddiqui said this new and exclusive banking service will allow customers extended banking h
Published 13 Jul, 2007 12:00am
Al Meezan announces stock dividend for MIF and MIIF

Al Meezan announces stock dividend for MIF and MIIF

The board of directors of Al-Meezan Investment Management (AMIM) approved the financial results for the year ended 30th June 2007 and announced stock dividend of Rs 15.60 per unit (ie, 26.61 percent of opening net assets value (NAV) of Rs 58.62 for FY07)
Published 13 Jul, 2007 12:00am
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