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Print - 2007-07-27
Islamists and exiled Somali MPs reject peace talks

Islamists and exiled Somali MPs reject peace talks

Somali Islamists and opposition politicians exiled in Eritrea dismissed calls on Thursday to join a peace meeting in Mogadishu that is also being opened to insurgents who have attacked the conference venue. Organisers appeared to be heeding donor calls fo
Published 27 Jul, 2007 12:00am
Cecilia Sarkozy seeks to be political first lady

Cecilia Sarkozy seeks to be political first lady

Cecilia Sarkozy has challenged France's tradition of discreet first ladies by seeking an unprecedented political role. Tall and glamorous, the wife of President Nicolas Sarkozy caused a stir by travelling to Libya this week to help broker the release of B
Published 27 Jul, 2007 12:00am
Lebanese army tightens noose around Islamists

Lebanese army tightens noose around Islamists

The Lebanese army on Thursday tightened the noose around Islamists at a refugee camp in a bid to end a near 10-week stand-off that has cost the lives of 120 soldiers.
Published 27 Jul, 2007 12:00am
Pentagon making contingency Iraq pullout plan

Pentagon making contingency Iraq pullout plan

The Pentagon is making contingency plans for a US withdrawal of troops from Iraq, according to US Defence Secretary Robert Gates, who called the planning a "priority."
Published 27 Jul, 2007 12:00am
UK could hand over Basra by year end

UK could hand over Basra by year end

Britain should be in a position to hand over control of Basra to Iraqi forces before the end of the year, the head of the British military said on Thursday. Britain has been trimming its presence in southern Iraq and the Iraqi government is eager to assum
Published 27 Jul, 2007 12:00am
Seven US troops die

Seven US troops die

Seven more US troops have died in Iraq, including three marines and a sailor killed in a day of fighting in the restive province of Diyala north of the capital, the military said on Thursday.
Published 27 Jul, 2007 12:00am
Baghdad car bomb kills 25

Baghdad car bomb kills 25

A parked car bomb killed 25 people and wounded 115 when it exploded near an intersection in central Baghdad on Thursday and police said the toll was likely to rise as many bodies were still buried under rubble.
Published 27 Jul, 2007 12:00am
Japanese women crowned again as world's oldest

Japanese women crowned again as world's oldest

.Japanese women were the world's longest-living people in 2006 for the 22nd consecutive year as their average lifespan extended to a record 85.81 years, government data showed Thursday.
Published 27 Jul, 2007 12:00am
Raul Castro sees economy reforms, talks with US

Raul Castro sees economy reforms, talks with US

Acting President Raul Castro asserted his leadership of Cuba on Thursday with promises of economic improvement and an offer of talks with the United States when the Bush administration is gone. "Raul, Raul, Raul!" some 100,000 government supporters chante
Published 27 Jul, 2007 12:00am
UN al Qaeda sanctions in need of reform

UN al Qaeda sanctions in need of reform

Countries may lose interest in freezing the funds of suspected al Qaeda and Taliban members unless the United Nations Security Council reforms its sanctions regime, a senior UN official told Reuters.
Published 27 Jul, 2007 12:00am
Military talks between two Koreas break down

Military talks between two Koreas break down

Talks aimed at averting bloody naval clashes between South and North Korea broke down Thursday when the communist state refused to recognise their sea border. "We've come to the conclusion that we don't need these fruitless talks any more," North Korea's
Published 27 Jul, 2007 12:00am
Abbas security chief resigns, five Palestinians killed

Abbas security chief resigns, five Palestinians killed

Palestinian security chief Mohammad Dahlan resigned on Thursday after weeks of criticism over the routing of his forces by Hamas in the Gaza Strip in June, senior Palestinian officials said. Dahlan, 46, rose through the ranks of President Mahmoud Abbas's
Published 27 Jul, 2007 12:00am
Russia ignored murder of civilians: European court

Russia ignored murder of civilians: European court

Russia's failure effectively to prosecute servicemen for the murder of more than 50 civilians in Chechnya on one day in 2000 can only mean the authorities assented to the killings, Europe's human rights court said on Thursday.
Published 27 Jul, 2007 12:00am
Indian rupee inches up

Indian rupee inches up

The Indian rupee clung to gains from strong foreign investment flows on Thursday, but came under pressure after some overseas investors trimmed holdings in the local unit on concerns about holding risky assets, dealers said.
Published 27 Jul, 2007 12:00am
Sterling slips versus dollar and euro

Sterling slips versus dollar and euro

Sterling fell against the dollar and the euro on Thursday after a series of soft UK housing figures suggested the sector was beginning to feel the pinch from recent Bank of England's interest rate hikes. Nationwide's home sales survey showed UK house pric
Published 27 Jul, 2007 12:00am
Yen rallies in London

Yen rallies in London

The low-yielding yen rallied on Thursday as renewed fears about tightening credit conditions choking broader economic activity roiled financial markets and spooked investors into slashing exposure to riskier assets.
Published 27 Jul, 2007 12:00am
Credit market plunges on LBO funding

Credit market plunges on LBO funding

European credit markets plunged on Thursday, sending tremors through equities and government bonds, as a cocktail of fears about leveraged buy out funding, US housing and hedge fund troubles pushed the widely-watched Crossover index through 400 basis poin
Published 27 Jul, 2007 12:00am
Credit market plunges on LBO funding

Credit market plunges on LBO funding

European credit markets plunged on Thursday, sending tremors through equities and government bonds, as a cocktail of fears about leveraged buy out funding, US housing and hedge fund troubles pushed the widely-watched Crossover index through 400 basis poin
Published 27 Jul, 2007 12:00am
Chinese shares at record high

Chinese shares at record high

Chinese stock market rose 0.52 percent to a record high close on Thursday, boosted by strong corporate earnings for the first half of the year. But trading turnover was moderate and the benchmark index came well off highs hit earlier in the day.
Published 27 Jul, 2007 12:00am
Thursday's mid-afternoon close: Dow plummets 400 points

Thursday's mid-afternoon close: Dow plummets 400 points

US stocks plummeted on Thursday, with the Dow industrials tumbling 400 points, on more signs of deterioration in the US housing market and problems in financing corporate take-overs. Earnings reports also weighed on stocks.
Published 27 Jul, 2007 12:00am
Thursday's mid-afternoon close: Dow plummets 400 points

Thursday's mid-afternoon close: Dow plummets 400 points

US stocks plummeted on Thursday, with the Dow industrials tumbling 400 points, on more signs of deterioration in the US housing market and problems in financing corporate take-overs. Earnings reports also weighed on stocks.
Published 27 Jul, 2007 12:00am
Seoul shares drop

Seoul shares drop

Seoul shares posted their biggest drop in over four months on Thursday, retreating fast from a record hit earlier in the session, on worries shares such as steel maker POSCO have risen too far. Concerns about oil prices also played a role, hitting power p
Published 27 Jul, 2007 12:00am
FTSE near four-month low

FTSE near four-month low

The FTSE 100 of Britain's leading shares slid by the biggest one-day percentage since March 2003 on Thursday as a flurry of corporate results failed to offset losses driven by concerns over a US credit crisis. Worries that a rise in defaults on US subprim
Published 27 Jul, 2007 12:00am
China may scrub or delay more soyabean cargoes

China may scrub or delay more soyabean cargoes

China has delayed or sold back at least six soyabean cargoes for July and August shipment and may have to delay new cargoes for September amid weak demand for pig feed and a glut of imports, grain sources said on Thursday.
Published 27 Jul, 2007 12:00am
London coffee and cocoa tumble

London coffee and cocoa tumble

London cocoa and coffee futures broke out of recent ranges on Thursday and tumbled around two percent in late trade on profit-taking by funds, disappointed at the markets' failure to break higher, traders said.
Published 27 Jul, 2007 12:00am
Oil drops as US stock market fall clips rally

Oil drops as US stock market fall clips rally

Oil fell more than $1 on Thursday, erasing an earlier rally as a drop in US stock markets raised concerns about demand growth in the world's top consumer. London Brent crude settled down $1.14 to $75.18 a barrel. US oil - which rose more than $1.00 earlie
Published 27 Jul, 2007 12:00am
Soya rust spreads north to Oklahoma

Soya rust spreads north to Oklahoma

Soyabean rust has been found in two counties in Oklahoma, the farthest north the yield-cutting disease has been found in the United States this year, a plant pathologist said on Thursday.
Published 27 Jul, 2007 12:00am
New York cotton futures settle easier

New York cotton futures settle easier

Cotton futures settled easier Thursday on combined fund and speculative sales and the market may probe lower before running into some support at a key technical level, analysts said. The New York Board of Trade's key December cotton contract slid 1.16 cen
Published 27 Jul, 2007 12:00am
'Ottawa has power to shift barley sales'

'Ottawa has power to shift barley sales'

Ottawa can strip barley from the Canadian Wheat Board's sales monopoly without a parliamentary vote because it is only reversing a regulatory move, not changing legislation, the government's lawyer said on Thursday.
Published 27 Jul, 2007 12:00am
Copper steadies

Copper steadies

Copper steadied on Thursday but analysts saw more downside risk as the dollar held on to gains and inventories rose, while nickel prices were volatile. Copper for delivery in three months on the London Metal Exchange ended at $7,760 a tonne at the close,
Published 27 Jul, 2007 12:00am
Gold keeps sliding

Gold keeps sliding

Gold slipped to a one-week low on Thursday as investors took profits from its 11-week highs, but analysts said firmer oil prices and weaker dollar outlook might support the metal. Spot gold rose as high as $676.60 an ounce before falling to $666.40.
Published 27 Jul, 2007 12:00am
US MIDDAY: wheat jumps

US MIDDAY: wheat jumps

Soft red winter wheat futures on the Chicago Board of Trade soared 4 percent in value by midday on Thursday, buoyed by a huge weekly US export sales figure and strength in European wheat markets, traders said.
Published 27 Jul, 2007 12:00am
US MIDDAY: corn climbs

US MIDDAY: corn climbs

Corn futures at the Chicago Board of Trade rallied nearly 3 percent early on Thursday on spillover support from wheat futures that soared to fresh 11-year highs, traders said. The corn market also found support from oversold technical signals following th
Published 27 Jul, 2007 12:00am
US MIDDAY: soyabeans retreat

US MIDDAY: soyabeans retreat

Chicago Board of Trade soyabean futures slid from their highs past midday on Thursday as wheat retreated from its 11-year top on profit-taking, traders said.
Published 27 Jul, 2007 12:00am
US MIDDAY: copper futures decline

US MIDDAY: copper futures decline

US copper futures edged lower at the open on Thursday, extending a four-day decline, with macro-economic jitters prompting further aversion to some "riskier" commodity markets, analysts said.
Published 27 Jul, 2007 12:00am
US MIDDAY: gold falls

US MIDDAY: gold falls

US gold futures fell early on Thursday on liquidations by funds, and the precious metal failed to attract any flight-to-quality buying as a wave of risk aversion hit the financial markets across the board.
Published 27 Jul, 2007 12:00am
Former Bangladesh minister gets 13 years for graft

Former Bangladesh minister gets 13 years for graft

A former Bangladeshi minister was on Thursday convicted of corruption and jailed for 13 years by a special court set up to hear graft cases by the new emergency government, police said.
Published 27 Jul, 2007 12:00am
France and China to sign nuclear deal

France and China to sign nuclear deal

France is due to sign a $5 billion deal in the autumn to build two new-generation nuclear power reactors in China, as agreed earlier this year, sources close to the deal said on Thursday. French Finance Minister Christine Lagarde is expected to visit Beij
Published 27 Jul, 2007 12:00am
Canada's commander suicide dodges bombing

Canada's commander suicide dodges bombing

The commander of Canada's 2,500 troops in Afghanistan narrowly escaped a suicide bombing on his convoy of armoured vehicles Thursday, Canadian media said.
Published 27 Jul, 2007 12:00am
South Korean envoy to step up efforts in Afghanistan

South Korean envoy to step up efforts in Afghanistan

South Korea sent a senior envoy to Afghanistan on Thursday to step up efforts to free 22 Christian volunteers held hostage by the Taliban after rebels killed the leader of the church group. A Taliban spokesman said the remaining hostages were unharmed, de
Published 27 Jul, 2007 12:00am
Over 50 Taliban killed in Afghan south: US

Over 50 Taliban killed in Afghan south: US

US-led troops, backed by air power, killed more than 50 insurgents in a battle in Afghanistan's southern province of Helmand, the US military said on Thursday. There were no casualties among coalition troops in the 12-hour battle with Taliban militants, w
Published 27 Jul, 2007 12:00am
Niger bars local head of French uranium firm Areva

Niger bars local head of French uranium firm Areva

Niger has barred French government-controlled uranium miner Areva's country chief over accusations that Areva may have helped finance a revolt by nomadic Tuareg rebels, the company said on Thursday.
Published 27 Jul, 2007 12:00am
AHAN steering committee

AHAN steering committee

Steering Committee of 'Aik Hunar Aik Nagar' will hold a meeting in Karachi on July 31. Federal Minister for Industries, Production and Special Initiatives Jahangir Khan Tareen will chair the meeting and pilot projects representatives will also attend it.
Published 27 Jul, 2007 12:00am
Committee formed to look into executive affairs of MIC

Committee formed to look into executive affairs of MIC

Chief Minister Pervaiz Elahi has ordered to set up a steering committee headed by the special health secretary that would look into the administrative affairs of the Multan Institute of Cardiology (MIC) and the promotion of qualified medical officers as s
Published 27 Jul, 2007 12:00am
Education department warned against collecting illegal fee

Education department warned against collecting illegal fee

District Coordination Officer Jhang Rizwanullah Baig has warned the education department against collection of illegal fee from students and asked the administrative staff to take steps to ensure provision of best environment and discipline in the institu
Published 27 Jul, 2007 12:00am
SRO 462 perturbs cottage industry of sewing machines

SRO 462 perturbs cottage industry of sewing machines

Hamid Sultan, Chairman, Sewing Machine Development Committee, Engineering Development Board (Ministry of Industries and Production) has expressed grave concern over the implementation of SRO-462, which is yielding negative impact over the small scale cott
Published 27 Jul, 2007 12:00am
Plan chalked out to develop small industries on modern lines

Plan chalked out to develop small industries on modern lines

The Chairman Task Force on Trade and Industry Punjab Mian Muhammad Riaz has disclosed that Punjab Small Industries Corporation (PSIC) had formulated a strategy for developing small and medium industries on modern and scientific lines in the Province.
Published 27 Jul, 2007 12:00am
New time schedule of Hazara Express

New time schedule of Hazara Express

Pakistan Railways have announced a change in timing of 12-Down Hazara Express running on the Havelian-Karachi section, effective from Friday, (July 27). According to the new schedule, the train will depart from Havelian station at 2.45 pm and arrive at Ka
Published 27 Jul, 2007 12:00am
BSE donates $42,000 to relief fund

BSE donates $42,000 to relief fund

A Bahrain society raised about BD 16,000 to help flood disaster victims in Pakistan. A cheque for $42,000 (BD 15,876) was presented by Bahrain Society of Engineers (BSE) to the Pakistan Disaster Management Relief Fund.
Published 27 Jul, 2007 12:00am
Brain drain

Brain drain

A brain drain or human capital flight is emigration of trained and talented individuals (human capital) for other nations or jurisdiction due to conflict, lack of opportunities or health hazards where they are living. This is a very serious issue speciall
Published 27 Jul, 2007 12:00am
Telephone complaints

Telephone complaints

PTCL's enquiry No 17 and complaint registration No 18 in Karachi exchange are not maintaining the required standard of service. Contrary to the service standard claimed by PTCL many system faults still exist without improvement even after its privatisatio
Published 27 Jul, 2007 12:00am
Mumbai's rail lifeline, a death trap for commuters

Mumbai's rail lifeline, a death trap for commuters

They are the arteries that keep Mumbai's economy ticking, rattling six million people a day to offices, shops and factories. But arriving safe and sound for work after a trip on Mumbai's clogged railways is no mean feat.
Published 27 Jul, 2007 12:00am
Cubans don't expect to see ailing Castro anytime soon

Cubans don't expect to see ailing Castro anytime soon

In the shade, Cubans chat, smoke, drink something cold or read the newspaper, as Havana moves to the slow rhythm of July's tropical heat. Cuban President Fidel Castro, 80, was last seen in public on July 26, 2006, five days before "temporarily" ceding pow
Published 27 Jul, 2007 12:00am
How to privatise successfully-I

How to privatise successfully-I

Changing the economic system is not an easy task. And, of course, it is more complex when carried out half-heartedly. As privatisation is only a part of this process, it may not succeed if done in an isolated manner. It needs certain other changes and a c
Published 27 Jul, 2007 12:00am
Expediting work on coal-based power projects?

Expediting work on coal-based power projects?

The Federal government has decided to expedite work on coal-based power projects in Thar coal field, says a Recorder Report quoting highly placed sources in Sindh Coal Authority. President Musharraf was scheduled to chair a meeting in Islamabad on
Published 27 Jul, 2007 12:00am
Checking inflation

Checking inflation

It seems that the government has finally woken up to the situation and decided to do something about the problem of rising prices of food items in the country. According to official sources, the Prime Minister is so concerned about this phenomenon that he
Published 27 Jul, 2007 12:00am
Rain forecast for lower catchments of all major rivers

Rain forecast for lower catchments of all major rivers

River Chitral is in vary high flood at Chitral while all the major rivers of the country are flowing below low flood level. According to meteorological features a weak wasterly wave is affecting Malakand division while a monsoon current from the Arabian S
Published 27 Jul, 2007 12:00am
Hearing of references against Imran adjourned till August 1

Hearing of references against Imran adjourned till August 1

The Election Commission of Pakistan on Thursday adjourned the hearing on disqualification references against Imran Khan, MNA, till August 1, for framing the issues. Earlier, the counsel for the respondent, Hamid Ali Khan filed replies to the references an
Published 27 Jul, 2007 12:00am
Unicef to immunise 630,000 kids in flood-hit areas

Unicef to immunise 630,000 kids in flood-hit areas

The United Nations International Children's Emergency Fund (Unicef) and its partners will immunise 630,000 children between the age of six-month to 15-year to prevent any possible measles outbreak in the flood-hit areas.
Published 27 Jul, 2007 12:00am
Peace festival from August 2

Peace festival from August 2

The Peace Festival of Arts 2007 will begin from August 2 to 4 at the Aiwan-e-Iqbal and Alham, Alaap Director Shehraz Raj said here on Wednesday. A renowned puppet show, stage artists, mimes, discussion, Mehfil-e-Mauseeqi, solo music, Mushaera, a painting
Published 27 Jul, 2007 12:00am
Seminar on child labour and slavery held

Seminar on child labour and slavery held

A seminar titled "Child labour and child slavery a stigma for the civilised world" was held in the main secretariat of the Global Organisation for Human Empowerment and Rights (Goher) Foundation.
Published 27 Jul, 2007 12:00am
Expert gives talk on allergy management

Expert gives talk on allergy management

The Research and Otolaryngology Department Director at the National University of Singapore has called for evaluating patients suffering from asthma and rhinitis allergies. In his lecture on "challenges in allergy management", Director Professor Wang De Y
Published 27 Jul, 2007 12:00am
QIE cuts map approval fee

QIE cuts map approval fee

The Quaid-i-Azam Industrial Estate's Board of Management has decreased the map approval fee by Rs 30 per sq ft, charging Rs 15 per sq ft instead of Rs 45. The board meeting held here on Thursday to help industrialists decided after it realised that most o
Published 27 Jul, 2007 12:00am
14 magistrates transferred

14 magistrates transferred

The Chief Justice of the Lahore High Court has made transfers and postings of 14 civil judges-cum-judicial magistrates. It is learned by a notification, issued here on Thursday.
Published 27 Jul, 2007 12:00am
PPP leadership pursuing dual policy: Elahi

PPP leadership pursuing dual policy: Elahi

Punjab Chief Minister Chaudhry Pervaiz Elahi has said leadership of the Peoples Party had been following a dual policy. He said that PPP leadership that has claimed to be sincere to the poor people was leading a luxurious life abroad while Pakistan Muslim
Published 27 Jul, 2007 12:00am
PRCS upgrading medicare facilities in Punjab

PRCS upgrading medicare facilities in Punjab

The Punjab chapter of Pakistan Red Crescent Society (PRCS) has initiated a model project of activating and upgrading its dispensaries to the tehsil level to ensure easy access of the masses to state-of-the-art treatment facilities.
Published 27 Jul, 2007 12:00am
Rally held against Dr Qadeer's detention

Rally held against Dr Qadeer's detention

The Save Judiciary Committee's (SJC) members marched a rally on Mall road here on Thursday against the detention of Dr Qadeer and demanded for his immediate release.
Published 27 Jul, 2007 12:00am
ANP to resists any foreign aggression: Asfandyar

ANP to resists any foreign aggression: Asfandyar

Awami National Party would strongly resist any foreign aggression against Fata or whichever part of Pukhtun's soil, said Asfandyar Wali Khan, central chief ANP in a brief chat with media at Bacha Khan Markaz on Thursday.
Published 27 Jul, 2007 12:00am
Punjab University sets July 31 last date for BA, BSc examinations

Punjab University sets July 31 last date for BA, BSc examinations

The Punjab University has set July 31 the last date for private candidates to register themselves for the BA and BSc annual examinations 2008. A university spokesman here on Thursday said the administration has told the candidates to register before July
Published 27 Jul, 2007 12:00am
UAAR celebrates upgradation of teaching posts

UAAR celebrates upgradation of teaching posts

The faculty members of the University of Arid Agriculture Rawalpindi (UAAR) hosted a dinner to celebrate the upgradation of teaching posts in connection with the announcement made by Prime Minister Shaukat Aziz regarding upgradation of teaching posts.
Published 27 Jul, 2007 12:00am
Kalabagh Dam termed 'win-win project'

Kalabagh Dam termed 'win-win project'

Former Chairman Wapda Shamsul Mulk has said that construction of the Kalabagh Dam is a must to overcome the alarming water and power shortage in days to come. Speaking in a PTV programme here on Thursday he said that those who floated the idea of Kalabagh
Published 27 Jul, 2007 12:00am
Human organs trade: Cabinet to discuss draft ordinance

Human organs trade: Cabinet to discuss draft ordinance

Federal Cabinet Secretary Masood Alam Rizvi informed the Supreme Court on Thursday that the government had prepared a draft of an ordinance to ban trade of the human organs in the country.
Published 27 Jul, 2007 12:00am
Faisal holds talks with World Bank officials

Faisal holds talks with World Bank officials

The Minister for Environment Makhdoom Syed Faisal Saleh Hayat held talks with the senior officials of the World Bank (WB) here at the World Bank headquarters.
Published 27 Jul, 2007 12:00am
Probing mindset: a study of Jihadi phenomenon in Pakistan

Probing mindset: a study of Jihadi phenomenon in Pakistan

If the Islamabad administration is not careful and does not engage in a meaningful public relations rapport with the citizens we might find another trouble looming after the decision to pull down the Jamia Hafsa, and the appointment of Maulana Ashfaque as
Published 27 Jul, 2007 12:00am
Action against fake housing societies planned

Action against fake housing societies planned

The Rawalpindi city district government is planning stern action against all those fake housing societies which have been involved in plundering people. Hamid Nawaz Raja, Nazim Potohar Town stated this while talking to reporters here on Thursday.
Published 27 Jul, 2007 12:00am
'Dhah Lagi Dosti' launched

'Dhah Lagi Dosti' launched

The new diction in narrative in a new book containing collection of Punjabi short stories received enormous praise from a number of critics at the launch of Mehar Ali's book 'Dhah Lagi Dosti'. Eminent short story writer Mansha Yad was prominent among thos
Published 27 Jul, 2007 12:00am
Soft drinks raises metabolic syndrome risk

Soft drinks raises metabolic syndrome risk

There is an increased risk of developing metabolic syndrome in middle-aged adults who regularly drink carbonated soft drinks, even calorie-free ones.
Published 27 Jul, 2007 12:00am
Book on tourism department's nine-month performance

Book on tourism department's nine-month performance

Sindh Culture, Tourism and Social Welfare ministry has planned to launch a book on its nine-month performance since this portfolio has been given to Sindh Minister Rauf Siddiqui in November 2006. The ministry officials told Business Recorder on Thu
Published 27 Jul, 2007 12:00am
Importance of corporate governance underlined

Importance of corporate governance underlined

Good corporate governance is the key to develop a market economy and civil society in transitioning economies. These views were expressed by Karachi Stock Exchange (KSE) Chairman Shaukat Tarin.
Published 27 Jul, 2007 12:00am
NBP holds Haj balloting

NBP holds Haj balloting

The National Bank of Pakistan (NBP) Haj balloting for the year 2007 was held here on Tuesday. A statement said that the president of NBP conducted the balloting of the names of the employees. They included 10 from clerical/non-clerical staff, 10 from offi
Published 27 Jul, 2007 12:00am
Ratings of Saudi Pak Bank

Ratings of Saudi Pak Bank

JCR-VIS Credit Rating Company Limited has placed the entity ratings of 'BBB+A-3' (Triple B plus/A-three) assigned to Saudi Pak Commercial Bank Limited under 'Rating Watch - Developing' status in view of the decision taken by the major shareholders of the
Published 27 Jul, 2007 12:00am
Ratings of Saudi Pak Bank

Ratings of Saudi Pak Bank

JCR-VIS Credit Rating Company Limited has placed the entity ratings of 'BBB+A-3' (Triple B plus/A-three) assigned to Saudi Pak Commercial Bank Limited under 'Rating Watch - Developing' status in view of the decision taken by the major shareholders of the
Published 27 Jul, 2007 12:00am
Lal Masjid reopened for prayers

Lal Masjid reopened for prayers

Lal Masjid reopened for prayers on Thursday, three weeks after it was battered by fierce clashes between security forces and militants in which scores of people were killed. This is said by Minister for Religious Affairs Ejaz-ul-Haq after attending the fi
Published 27 Jul, 2007 12:00am
Sindh gets first woman vice chancellor

Sindh gets first woman vice chancellor

Sindh Governor Dr Ishratul Ibad Khan, who is also the chancellor of all the public sector universities in Sindh, has appointed Professor Dr Nilofar Shaikh as the vice-chancellor of Shah Abdul Latif University, Khairpur.
Published 27 Jul, 2007 12:00am
Unilever's profits decline to Rs 862 million

Unilever's profits decline to Rs 862 million

The profit after tax of Unilever Pakistan Limited has declined to Rs 862 million in the first half of the current year (January-June 2007) as compared to Rs 883 million in the same period last year. The basic earning per share of the company stood at Rs 6
Published 27 Jul, 2007 12:00am
The Weather

The Weather

The weather report on Thursday (July 26, 2007) and the forecast for Friday (July 27, 2007).
Published 27 Jul, 2007 12:00am
Unilever's profits decline to Rs 862 million

Unilever's profits decline to Rs 862 million

The profit after tax of Unilever Pakistan Limited has declined to Rs 862 million in the first half of the current year (January-June 2007) as compared to Rs 883 million in the same period last year. The basic earning per share of the company stood at Rs 6
Published 27 Jul, 2007 12:00am
New York cotton

New York cotton

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

Published 27 Jul, 2007 12:00am
Illegal FM Radio in AJK closed

Illegal FM Radio in AJK closed

Pakistan Electronic Media Regulatory Authority (Pemra) in its recent drive closed down the transmission of an illegal FM radio station operated from Bagh, Azad Jammu and Kashmir. The action was initiated with the assistance of local administration and pol
Published 27 Jul, 2007 12:00am
New York cotton

New York cotton

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

Published 27 Jul, 2007 12:00am
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