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Print - 2007-09-25
Russia seizes half tonne of contraband caviar

Russia seizes half tonne of contraband caviar

Russian police seized almost half a tonne of contraband caviar worth an estimated $600,000 as it was being smuggled through a military airfield in black rubbish bags, the interior ministry said on Monday.
Published 25 Sep, 2007 12:00am
Bangladesh plans nuclear power plant

Bangladesh plans nuclear power plant

Bangladesh plans to set up its first nuclear power plant at a cost of over one billion dollars to ease economically damaging electricity shortages which have sparked riots, an official said Monday.
Published 25 Sep, 2007 12:00am
UK public finances deteriorate sharply

UK public finances deteriorate sharply

Britain's public finances swung into the red last month as weak corporation tax receipts and high departmental spending led to the biggest deficit for August since records began.
Published 25 Sep, 2007 12:00am
Eurozone industrial orders dip more than expected

Eurozone industrial orders dip more than expected

The eurozone's July industrial new orders fell more than expected from June amid a plunge in the volatile reading for transport equipment, data showed on Monday. European Union statistics office Eurostat said orders in the 13 countries using the euro decl
Published 25 Sep, 2007 12:00am
US and EU have failed world's poor: Commonwealth

US and EU have failed world's poor: Commonwealth

The United States and Europe have failed the developing world by letting global trade talks drag on and insisting on agricultural subsidies that keep 160 million people in poverty, the Commonwealth said on Monday.
Published 25 Sep, 2007 12:00am
Airbus in talks with five bidders for plants

Airbus in talks with five bidders for plants

Planemaker Airbus announced a revamped plan for selling factories on Monday, shortlisting five of 11 bidders and warning there could be a delay if it decides to add a seventh plant to the process.
Published 25 Sep, 2007 12:00am
France to overhaul jobs data, drop monthly report

France to overhaul jobs data, drop monthly report

France will overhaul its treatment of unemployment data and will no longer report a monthly jobless rate following recommendations from an official report, statistics office INSEE said on Monday.
Published 25 Sep, 2007 12:00am
Iraq ready to sign oil deals before new law

Iraq ready to sign oil deals before new law

Iraq hopes to sign oilfield deals with multinationals before the end of the year even if a new oil law has not been passed by parliament, Oil Minister Hussain al-Shahristani said on Monday.
Published 25 Sep, 2007 12:00am
Trichet brushes off French criticism of ECB

Trichet brushes off French criticism of ECB

European Central Bank President Jean-Claude Trichet on Sunday brushed off French demands that the bank focus on growth and jobs, not just inflation, but Paris said it would keep up its pressure on the central bank.
Published 25 Sep, 2007 12:00am
Deutsche Bank debt may hit $2.4 billion

Deutsche Bank debt may hit $2.4 billion

Deutsche Bank's profit could be hit by up to 1.7 billion euros ($2.4 billion) due to loans that have dwindled in value as a result of the credit market crisis, sources familiar with the situation said.
Published 25 Sep, 2007 12:00am
Deutsche Bank debt may hit $2.4 billion

Deutsche Bank debt may hit $2.4 billion

Deutsche Bank's profit could be hit by up to 1.7 billion euros ($2.4 billion) due to loans that have dwindled in value as a result of the credit market crisis, sources familiar with the situation said.
Published 25 Sep, 2007 12:00am
Van Gogh landscape to be auctioned

Van Gogh landscape to be auctioned

A painting believed to be one of the last produced by Vincent Van Gogh goes to the auction bloc in New York on November 7, Sotheby's auction house announced. "The Fields" (Wheat Fields) is expected to sell for between 28 and 35 million dollars, Sotheby's
Published 25 Sep, 2007 12:00am
Russia's Interros sells infrastructure firm

Russia's Interros sells infrastructure firm

Russian industrial group Interros said Monday it had sold 30.4 percent of the Silovye Mashiny energy infrastructure firm to the Highstat company of metals billionaire Alexei Mordashov, Interros said. "Interros announces the completion of a deal for the sa
Published 25 Sep, 2007 12:00am
French finances in 'critical' state-Prime Minister

French finances in 'critical' state-Prime Minister

French Prime Minister Francois Fillon warned Monday that the country's public finances were in a "critical" state and need drastic action to reduce worrying deficits.
Published 25 Sep, 2007 12:00am
Mexico inflation jumps

Mexico inflation jumps

Mexican consumer prices rose a more-than-expected 0.62 percent in the first half of September but annual inflation came down to within the central bank's target range. Closely watched core inflation, which strips out some volatile prices for energy and ce
Published 25 Sep, 2007 12:00am
Gaming world braces for industry 'killer' Halo 3

Gaming world braces for industry 'killer' Halo 3

The gaming world braced Monday for the release of "Halo 3," expected to be a blockbuster for Microsoft and its struggling XBox 360 game console. Microsoft releases the game in the United States at 12:01 am Tuesday (0401 GMT) and in 37 countries by the end
Published 25 Sep, 2007 12:00am
Algeria's Sonatrach still a partner of choice

Algeria's Sonatrach still a partner of choice

Sonatrach's bruising rift with its Spanish partners Repsol YPF and Gas Natural is unlikely to deter other international firms from seeking to do business with the state-run Algerian energy company.
Published 25 Sep, 2007 12:00am
Vietnam to offer air taxis to tourist resorts

Vietnam to offer air taxis to tourist resorts

A Vietnamese firm plans to offer Vietnam's first air taxi service to several popular resorts to further boost tourism, a company executive said on Monday. State media and company officials said the firm would negotiate with Boeing Co to buy four new Boein
Published 25 Sep, 2007 12:00am
Urbanisation to boost demand for natural resources

Urbanisation to boost demand for natural resources

A population boom and urbanisation in emerging market countries will boost demand for natural resources such as water, industrial metals and oil, UK-based wealth manager IAF Securities told Reuters.
Published 25 Sep, 2007 12:00am
Mozambique and South Africa fuel pipeline to start by 2009

Mozambique and South Africa fuel pipeline to start by 2009

A $600-million diesel and gasoline pipeline linking the Mozambican capital Maputo with neighbouring South Africa will be in operation by the end of 2009, an official with the company overseeing the project said on Monday.
Published 25 Sep, 2007 12:00am
Russia confirms Urals Energy reserves data

Russia confirms Urals Energy reserves data

Russia's Ministry of Natural Resources on Monday eased pressure on London-listed, Russia-focused oil firm Urals Energy, saying it had removed its objections to the firm's reserves reporting figures.
Published 25 Sep, 2007 12:00am
Drought could cut Australia wine harvest by half

Drought could cut Australia wine harvest by half

Australia's wine grape harvest next year could be cut by more than half by the worst drought in a century, industry groups said Monday. The vintage is expected to be between 800,000 tonnes and 1.3 million tonnes, down from an average of around 1.9 million
Published 25 Sep, 2007 12:00am
Indian shares hit new record close

Indian shares hit new record close

Indian share prices rose 1.7 percent to a fourth straight record close on Monday led by sustained overseas investor interest, dealers said. They said the market saw high trading volumes as oil, metal and banking stocks rose, even as the rupee strengthened
Published 25 Sep, 2007 12:00am
Thai share prices boosted by energy stocks

Thai share prices boosted by energy stocks

Thai share prices closed 0.60 percent higher on Monday amid an equity market rally in Asia, boosted by energy stocks with oil prices near record highs, dealers said.
Published 25 Sep, 2007 12:00am
Jakarta shares led by banks

Jakarta shares led by banks

Indonesian share prices closed 0.8 percent higher on Monday after a volatile session amid rising hopes that Bank Indonesia will resume lowering the cost of borrowing later this year, dealers said. The rally was led by banks and gains in mining stocks as m
Published 25 Sep, 2007 12:00am
Singapore shares rally

Singapore shares rally

Singapore share prices closed 2.73 percent higher on Monday as investors bet the Federal Reserve will be able to keep the United States out of a recession, dealers said. The Straits Times Index gained 96.80 points to 3,639.02.
Published 25 Sep, 2007 12:00am
China Construction Bank to beat peers in debut

China Construction Bank to beat peers in debut

Shares in China Construction Bank are set to jump nearly 50 percent in their Shanghai debut on Tuesday, beating the first-day performances of other big Chinese lenders, as analysts expect it to enjoy higher earnings growth.
Published 25 Sep, 2007 12:00am
China Construction Bank to beat peers in debut

China Construction Bank to beat peers in debut

Shares in China Construction Bank are set to jump nearly 50 percent in their Shanghai debut on Tuesday, beating the first-day performances of other big Chinese lenders, as analysts expect it to enjoy higher earnings growth.
Published 25 Sep, 2007 12:00am
Malaysian shares slightly higher

Malaysian shares slightly higher

Malaysian share prices closed up 0.9 percent on Monday with investor sentiment boosted by a rally across the region, dealers said. The Kuala Lumpur Composite Index rose 11.30 points to 1,317.24. Trading volume was 1.145 billion shares, valued at 1.828 bil
Published 25 Sep, 2007 12:00am
Australian shares rise 1.5 percent to record close

Australian shares rise 1.5 percent to record close

Australian shares gained 1.5 percent to a record close on Monday, helped by the mining sector as well as merger and acquisition speculation, dealers said. The benchmark S&P/ASX 200 added 93.6 points or 1.5 percent to end the day at a record 6,451.5, while
Published 25 Sep, 2007 12:00am
Philippines shares finish with slight gains

Philippines shares finish with slight gains

Philippines share prices closed 0.3 percent higher on Monday in listless trading led by smaller company and mining shares, dealers said. Investors seemed to be waiting for fresh clues about stock market prospects from Wall Street after last week's surpris
Published 25 Sep, 2007 12:00am
Chinese shares end mixed

Chinese shares end mixed

Chinese stocks were mixed on Monday as Shenhua Energy began taking subscriptions for its massive IPO, though sharp rises in resources and energy blue chips pushed up the main index slightly.
Published 25 Sep, 2007 12:00am
Russia's Uralkali revives plan for London listing

Russia's Uralkali revives plan for London listing

Russia's Uralkali, the world's fifth-biggest potash producer, said on Monday that it had revived plans to list on the London Stock Exchange. The firm, which dropped plans to float in London last October, said Citi, Renaissance Capital and UBS Investment B
Published 25 Sep, 2007 12:00am
New Zealand shares close little changed

New Zealand shares close little changed

New Zealand share prices closed little changed on Monday with take-over target Sky City the only standout in a typically quiet start to the week, dealers said. The benchmark NZX-50 index rose 1.52 points to close at 4,232.67 on turnover worth 118.2 millio
Published 25 Sep, 2007 12:00am
Hong Kong shares strike life high

Hong Kong shares strike life high

Hong Kong blue chips rallied 2.7 percent to their fourth-straight record on Monday, as shares in Hong Kong Exchanges and Clearing Ltd (HKEx) jumped amid robust fund flows and Chinese resource counters gained on the back of high oil and gold prices.
Published 25 Sep, 2007 12:00am
Bangladesh interbank forex, interest rates

Bangladesh interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Monday. 68.69/68.71 (previous 68.71/68.71). Call Money Rates: 6.50-10.00 percent (previous 6.50-10.00 percent.
Published 25 Sep, 2007 12:00am
Australian dollar eases

Australian dollar eases

The Australian dollar eased back from eight-week highs against the US dollar on Monday, after rallying nearly 5 percent last week on the back of an aggressive cut in US interest rates by the Federal Reserve.
Published 25 Sep, 2007 12:00am
Dollar dips to 15-year low

Dollar dips to 15-year low

The dollar dipped to a 15-year low against a basket of currencies on Monday and hovered near a record low against the euro as investors shrugged of more gripes about the single currency's strength from French officials.
Published 25 Sep, 2007 12:00am
Asian currencies: high-yielders scale new highs

Asian currencies: high-yielders scale new highs

The Indonesian rupiah hit a two-month peak while the Philippine peso rose to its highest in six weeks on Monday as investors continued to embrace high-yielding assets following last week's hefty Fed rate cut.
Published 25 Sep, 2007 12:00am
Indian rupee climbs to nine-year peak again

Indian rupee climbs to nine-year peak again

The Indian rupee climbed to a fresh nine-year peak on Monday as foreign investors chased returns in the record breaking stockmarket, but its ascent was limited by suspected central bank intervention, dealers said.
Published 25 Sep, 2007 12:00am
Chinese yuan falls from near post-reval high

Chinese yuan falls from near post-reval high

China's yuan fell against the dollar on Monday from near a post-revaluation high hit on Friday, as the Chinese central bank again guided the yuan lower.
Published 25 Sep, 2007 12:00am
AFC President's Cup: Dordoi-Dynamo, Regar in semis

AFC President's Cup: Dordoi-Dynamo, Regar in semis

Kyrgyzstan's Dordoi-Dynamo joined their Central Asian neighbour Regar TadAZ of Tajikistan in the last four when they overpowered Nepal's Mahendra Police Club 3-0 in the Group-B encounter of third AFC President's Cup. Earlier, Regar TadAZ Club of Tajikista
Published 25 Sep, 2007 12:00am
PTTF chief elected Vice-President at ATTU moot

PTTF chief elected Vice-President at ATTU moot

The President of Pakistan Table Tennis Federation (PTTF) has been elected as Vice-President at the Asian Table Tennis Union (ATTU) meeting held from September 20 to 22 on the sidelines of the Asian Table Tennis Champions in Yangzhou (China).
Published 25 Sep, 2007 12:00am
Djokovic delivers for success-hungry Serbia

Djokovic delivers for success-hungry Serbia

Serbia's tennis prodigy Novak Djokovic described their Davis Cup 4-1 win over Australia as an incisive team effort after playing a key role in the outcome that cast contrasting fortunes on the two sides.
Published 25 Sep, 2007 12:00am
Stop crying and focus on the Olympics, China's women told

Stop crying and focus on the Olympics, China's women told

China has told its distraught national soccer team to wipe away the tears and focus on the Olympic Games next year, after it bowed out of the Women's World Cup in front of 52,000 home fans in Wuhan on Sunday night.
Published 25 Sep, 2007 12:00am
Delays hit rebel league in India

Delays hit rebel league in India

The launch of the multi-million-dollar breakaway Indian Cricket League (ICL) has been delayed by a month until November 17 due to "teething problems." Kapil Dev, the legendary Indian all-rounder who spearheads the ICL, said the tournament would now start
Published 25 Sep, 2007 12:00am
India win title

India win title

Mahendra Singh Dhoni's young team India snatched the inaugural Twenty20 world title after defeating arch-rivals Pakistan by five runs in a rousing final on Monday. The Indians, restricted to 157-5 after electing to take first strike in good batting condit
Published 25 Sep, 2007 12:00am
India win title

India win title

Mahendra Singh Dhoni's young team India snatched the inaugural Twenty20 world title after defeating arch-rivals Pakistan by five runs in a rousing final on Monday. The Indians, restricted to 157-5 after electing to take first strike in good batting condit
Published 25 Sep, 2007 12:00am
Israel orders Olmert corruption probe

Israel orders Olmert corruption probe

Israel ordered a criminal graft probe of Prime Minister Ehud Olmert over a real estate deal on Monday, in the latest scandal to hit the premier who had been steadily regaining popularity. Attorney General Menahem Mazuz "has decided to order the police to
Published 25 Sep, 2007 12:00am
Indonesia seeks $1.4 billion from Suharto

Indonesia seeks $1.4 billion from Suharto

The Indonesian government sought Monday for ex-dictator Suharto and a charity he chaired while in power to hand over 1.4 billion dollars in stolen assets and damages in a civil suit against them. State prosecutor Dachmer Munthe, reading an indictment at t
Published 25 Sep, 2007 12:00am
NASA aims to put man on Mars by 2037

NASA aims to put man on Mars by 2037

NASA aims to put a man on Mars by 2037, the administrator of the US space agency indicated here Monday. This year marks the half-century of the space age ushered in by the October 1957 launch of the Sputnik-1 by the then Soviet Union, NASA administrator M
Published 25 Sep, 2007 12:00am
Nepal's embattled king to skip 'goddess' blessing

Nepal's embattled king to skip 'goddess' blessing

Nepal's king is expected to miss his annual blessing from a virgin "goddess," breaking a tradition seen as crucial for the Himalayan monarchy's survival, officials said Monday.
Published 25 Sep, 2007 12:00am
Germany mounts raids against doping rings

Germany mounts raids against doping rings

Germany said Monday it had shut down five laboratories manufacturing illegal doping substances as part of raids against international trafficking networks.
Published 25 Sep, 2007 12:00am
Africa flooding spreads, 22 countries hit: UN

Africa flooding spreads, 22 countries hit: UN

Flooding across a swathe of Africa now affects 22 countries, including Ethiopia, Niger and Sudan where the situation has worsened in recent days, the United Nations said Monday.
Published 25 Sep, 2007 12:00am
Abe apologises for political crisis

Abe apologises for political crisis

Flanked by two white-coated doctors, Japan's outgoing Prime Minister Shinzo Abe apologised on Monday for the upheaval created by his resignation in his first public appearance since he entered hospital. He spoke in a slow, frail voice, staring down at a w
Published 25 Sep, 2007 12:00am
France ready to help any country get civil nuclear power

France ready to help any country get civil nuclear power

French President Nicolas Sarkozy said on Monday that France was prepared to assist any country that wants to have civilian nuclear power. "France is ready to help any country which wants to possess civilian nuclear energy," Sarkozy told a landmark UN summ
Published 25 Sep, 2007 12:00am
Two Italian soldiers freed in Afghanistan

Two Italian soldiers freed in Afghanistan

Two Italian soldiers kidnapped in Afghanistan were freed on Monday during a raid by Nato-led troops, Italian officials said. The soldiers were wounded during the raid to free them in south-western Farah province and were taken to hospital, the defence min
Published 25 Sep, 2007 12:00am
Rahul Gandhi takes top party job

Rahul Gandhi takes top party job

Rahul Gandhi, scion of India's famed Nehru-Gandhi political dynasty, was named Monday as a general secretary of the ruling Congress in a sign the party could be readying for early elections.
Published 25 Sep, 2007 12:00am
Experts doubt EU plan to block bomb recipes on Web

Experts doubt EU plan to block bomb recipes on Web

A European Union proposal to stop people from accessing bomb-making instructions online is fraught with technical difficulties, if not downright unworkable, Internet practitioners say.
Published 25 Sep, 2007 12:00am
Brown pledges new direction for Britain

Brown pledges new direction for Britain

Prime Minister Gordon Brown pledged on Monday to set Britain on a new path to meet its people's rising aspirations and give them the skills to compete in a globalised world. Speculation had been rife that Brown could use his first speech as leader to the
Published 25 Sep, 2007 12:00am
Iranian president begins US visit amid deep controversy

Iranian president begins US visit amid deep controversy

Iranian President Mahmoud Ahmadinejad starts his third visit to the United States on Monday with two public appearances that have kicked up a storm of controversy. The Iranian leader, who has called for the destruction of Israel and questioned the Holocau
Published 25 Sep, 2007 12:00am
Schwarzenegger, Ban call for action on climate

Schwarzenegger, Ban call for action on climate

UN Secretary-General Ban Ki-moon and California Governor Arnold Schwarzenegger had the same message on Monday at a special session on climate change, urging quick action to stem emissions that heat the planet.
Published 25 Sep, 2007 12:00am
Lebanon's opposition to boycott presidential vote

Lebanon's opposition to boycott presidential vote

Hezbollah and its allies said on Monday they would boycott a parliamentary session to prevent the anti-Syrian majority from electing a new president for Lebanon. Police and troops clamped extra security around the assembly building in Beirut before Tuesda
Published 25 Sep, 2007 12:00am
Sarkozy calls for 'arsenal' of sanctions against Iran

Sarkozy calls for 'arsenal' of sanctions against Iran

French President Nicolas Sarkozy on Monday ruled out any imminent trip by his foreign minister to Iran and distanced himself from talk of an eventual war over Tehran's nuclear program.
Published 25 Sep, 2007 12:00am
Myanmar anti-junta protests biggest in 20 years

Myanmar anti-junta protests biggest in 20 years

Tens of thousands of people joined Buddhist monks on marches in Myanmar's former capital on Monday in the biggest demonstration against the ruling generals since they crushed student-led protests nearly 20 years ago.
Published 25 Sep, 2007 12:00am
Sterling recovers

Sterling recovers

Sterling recovered from a one-year trough against a basket of currencies on Monday, as investors started the week feeling a bit more optimistic about the health of the UK economy and financial sector.
Published 25 Sep, 2007 12:00am
Dollar hits yet another record low in London

Dollar hits yet another record low in London

The dollar fell to a record low against the euro for a third straight session on Monday, weighed down by expectations of further US interest rate cuts which are limiting the currency's appeal to global investors.
Published 25 Sep, 2007 12:00am
Bonds: crossover inches wider

Bonds: crossover inches wider

European credit spreads inched wider early on Monday, backing up after last week's sharp rally, as traders and analysts weighed up whether the market was returning to normality after the summer's turmoil. Trading was thin in secondary markets, however, wi
Published 25 Sep, 2007 12:00am
Bonds: crossover inches wider

Bonds: crossover inches wider

European credit spreads inched wider early on Monday, backing up after last week's sharp rally, as traders and analysts weighed up whether the market was returning to normality after the summer's turmoil. Trading was thin in secondary markets, however, wi
Published 25 Sep, 2007 12:00am
Britain's top share index rises

Britain's top share index rises

Britain's leading shares ended up 0.14 percent on Monday as mining stocks and retailer Marks & Spencer supported but Northern Rock weighed in a choppy trading session. The FTSE 100 was 9.2 points higher at 6,465.9 at the close, after touching a low of 6,4
Published 25 Sep, 2007 12:00am
Monday's afternoon trade: Financials weigh on US stocks

Monday's afternoon trade: Financials weigh on US stocks

US stocks slipped on Monday as concern about the impact of the housing slump and credit squeeze hurt shares of financial companies. Shares of energy companies also declined as oil prices edged lower. Citigroup and other banks fell on fears there could be
Published 25 Sep, 2007 12:00am
New York cotton futures mixed

New York cotton futures mixed

Cotton futures finished mixed Monday as speculative fund buying erased early losses from profit-taking and analysts said the bullish outlook of the market may keep losses at a minimum in the days ahead. ICE Futures open-outcry December cotton contract wen
Published 25 Sep, 2007 12:00am
Oil falls below $81

Oil falls below $81

Oil fell on Monday, edging further away from last week's record high, as energy companies in the Gulf of Mexico began restoring output shut by a storm. US crude settled 67 cents lower at $80.95 a barrel, bringing it nearly $3 below the record $83.90 hit l
Published 25 Sep, 2007 12:00am
Gold near 28-year peak in London

Gold near 28-year peak in London

Gold gained in Europe on Monday to trade near 28-year highs, with the dollar's decline to record lows encouraging bullion purchases by investors and speculators. But sharp upside moves in recent weeks and growing bullish positions on US gold futures were
Published 25 Sep, 2007 12:00am
London coffee higher

London coffee higher

London robusta coffee futures finished higher on Monday as the market rebounded from Friday's setback, boosted by a sharp advance in New York's arabica market despite showers in Brazil, dealers said.
Published 25 Sep, 2007 12:00am
Over 6,000 join NBF's readers club scheme

Over 6,000 join NBF's readers club scheme

Readers Club scheme of the National Book Foundation (NBF) for the year 2007-08 is getting good response as over 6,000 people have got its membership since its launching on August 27, an official said on Monday.
Published 25 Sep, 2007 12:00am
'EU committed to work for Kashmir resolution'

'EU committed to work for Kashmir resolution'

In occupied Kashmir, the visiting European Union (EU) delegation has said that they were committed to work for the peaceful resolution of Kashmir issue and hoped that peace process between India and Pakistan will reach its logical conclusion soon.
Published 25 Sep, 2007 12:00am
Sasta Ramazan bazaars set up

Sasta Ramazan bazaars set up

More than 10 sasta Ramazan bazaars started functioning in different areas of the districts on Monday. The Khairpur district government has set up two and the Shikarpur and Kashmore one sasta Ramazan bazaar to provide essential items to consumers at subsid
Published 25 Sep, 2007 12:00am
Maleeha inaugurates exhibition of contemporary art

Maleeha inaugurates exhibition of contemporary art

Pakistan High Commissioner to the United Kingdom Dr Maleeha Lodhi on Monday opened six-day exhibition of contemporary art by emerging artists of Pakistan at Gallery 27 in the fashionable district of Mayfair, Central London.
Published 25 Sep, 2007 12:00am
'False' assertions

'False' assertions

KESC has increased its rate by 29 paisa per unit. It has been done just 36 days after the enforcement of the new Budget in which it was as usual announced that the Budget is tax free and there will be no supplementary budget. New excise duty has been levi
Published 25 Sep, 2007 12:00am
The street children

The street children

Everyone encounters scores of children in a day at traffic signals who seek charity, try to clean your vehicle glasses, sell dusters, flowers etc. We take it as a routine of life, conveniently ignoring the fact that these millions of children spread all o
Published 25 Sep, 2007 12:00am
Humiliation of pensioners

Humiliation of pensioners

National Bank of Pakistan is the only bank among all regular and private banks in Pakistan which deals in maximum disbursement of pension amounts to hundreds of thousands pensioners, retired from various institutions of government as well as corporate sec
Published 25 Sep, 2007 12:00am
Religious and social harmony in Malaysia

Religious and social harmony in Malaysia

The sweet smell of incense from a centuries-old Chinese temple, the perfume of a Hindu shrine decked in flowers and the call to Muslim prayer. The old Malaysian trading port of George Town makes a powerful assault on the senses, through the peaceful co-ex
Published 25 Sep, 2007 12:00am
Understanding maritime administration - I

Understanding maritime administration - I

After having read the Editorial of Business Recorder Monday the 20th August, 2007, I thought it prudent to discuss the subject and support the views of Editorial to make Directorate General Ports and Shipping autonomous.
Published 25 Sep, 2007 12:00am
The divided opposition

The divided opposition

During this last lap in the run-up to the presidential election, the opposition seems to be losing unity of thought and action. While the Pakistan People's Party is still groping its way out of the labyrinth of power-sharing mechanism, the Jamaat-i-Islami
Published 25 Sep, 2007 12:00am
IMF mission's statement

IMF mission's statement

The statement issued by the visiting IMF mission at the conclusion of the Article IV consultation with Pakistan on 20th September, 2007, is based on an objective assessment of the economy. Pakistan's economy, it noted, continued to perform well in 2006-07
Published 25 Sep, 2007 12:00am
Over Rs 14 billion allocated for construction of roads

Over Rs 14 billion allocated for construction of roads

Punjab government has set aside more than Rs 14 billion during current fiscal period for the construction of new roads and widening of existing roads in the province. Official sources told Business Recorder here on Monday that under the programme 6
Published 25 Sep, 2007 12:00am
NESPAK operates in 34 countries

NESPAK operates in 34 countries

The National Engineering Services Pakistan (Pvt) Limited (NESPAK) has extended its activities abroad and is now operating in 34 countries where it has performed in an outstanding manner by providing high quality engineering services.
Published 25 Sep, 2007 12:00am
Minister orders listing of genuine housing schemes

Minister orders listing of genuine housing schemes

Punjab Minister for Housing and Urban Development, Syed Raza Ali Gillani has directed all heads of development authorities of the province to advertise the names of the registered housing schemes so as to secure peoples investment as well as to save them
Published 25 Sep, 2007 12:00am
Resignations will not bear fruitful results: PML

Resignations will not bear fruitful results: PML

The leaders of All Parties Democratic Movement (APDM) are trying to use the issue of presidential elections to fulfil their nefarious designs which must be condemned.
Published 25 Sep, 2007 12:00am
Timely measures taken to control prices: Wattoo

Timely measures taken to control prices: Wattoo

The Punjab Minister for Zakat and Usher Mian Khadim Hussain Wattoo has said that the government had taken timely and effective measures to maintain the prices of daily use items and ensure their timely availability. He said this while talking to a delegat
Published 25 Sep, 2007 12:00am
'Armed forces fully prepared to defend country'

'Armed forces fully prepared to defend country'

Chairman Joint Chiefs of Staff Committee (CJCSC), General Ehsan-ul-Haq has said the nation can be rightly assured that the armed forces are fully prepared to defend by all means available the sovereignty and territorial integrity of the country.
Published 25 Sep, 2007 12:00am
AKU-IED announces two-year M Ed programme

AKU-IED announces two-year M Ed programme

The Aga Khan University Institute of Educational Development (AKU-IED) is offering a two-year M.Ed.programme. This was stated by an official of the institution here on Monday. He said that the M.Ed. would have specialisation in two areas namely teacher ed
Published 25 Sep, 2007 12:00am
Saline conditions exhibit physiological responses

Saline conditions exhibit physiological responses

Plant growing under saline conditions exhibit a variety of biochemical and physiological responses and due to these salt-induced changes some biochemical and physiological conditions are responsible to acclimatise plants to saline environment.
Published 25 Sep, 2007 12:00am
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