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Print - 2007-10-03
Indonesian shares at new record high

Indonesian shares at new record high

Jakarta share prices finished 2.7 percent higher at a new all-time high Tuesday, supported by Wall Street's rise overnight and a regional market rally, dealers said. The Jakarta Stock Exchange composite index closed up 65.49 points at a new all-time high
Published 03 Oct, 2007 12:00am
Hong Kong shares set peak

Hong Kong shares set peak

Hong Kong blue chips jumped 3.3 percent on Tuesday and China plays leapt 5.7 percent in a broad rally, buoyed by a record in the Dow industrials, as hopes were high that the supreme problems had bottomed. The growing inflow of mainland funds into Hong Kon
Published 03 Oct, 2007 12:00am
Dow soars to record as credit worries ease

Dow soars to record as credit worries ease

US stocks surged on Monday, sending the Dow to a record close on the first day of the fourth quarter, as investors bet that Wall Street may have seen the worst of the credit squeeze after three global banks detailed expected losses from the crisis.
Published 03 Oct, 2007 12:00am
Philippines shares make gains

Philippines shares make gains

Philippines share prices rose sharply to close up 2.22 percent Tuesday on hopes of a cut in borrowing costs this week, dealers said. The country's biggest conglomerates led the pack with index leader Philippine Long Distance Telephone Co (PLDT) resuming i
Published 03 Oct, 2007 12:00am
US government bonds move up

US government bonds move up

Long-dated US government bonds rose on Monday as the outlook for manufacturing dimmed and three top investment banks said earnings came under pressure from the global credit crisis.
Published 03 Oct, 2007 12:00am
US government bonds move up

US government bonds move up

Long-dated US government bonds rose on Monday as the outlook for manufacturing dimmed and three top investment banks said earnings came under pressure from the global credit crisis.
Published 03 Oct, 2007 12:00am
Thai shares close flat

Thai shares close flat

Thai share prices closed flat on Tuesday, bucking robust gains across the region amid concern over a possible delay of general elections in December, dealers said. They said investors traded with caution as five cabinet ministers and a top government spok
Published 03 Oct, 2007 12:00am
Singapore shares reach another all-time high

Singapore shares reach another all-time high

Singapore share prices closed at another all-time high on Tuesday boosted by blue chip buying, dealers said. They said locally-listed Chinese stocks were also in favour but succumbed to profit-taking in afternoon trade. The Straits Times Index closed 38.6
Published 03 Oct, 2007 12:00am
Nikkei ends at eight-week high

Nikkei ends at eight-week high

Japan's Nikkei average rose 1.2 percent on Tuesday, ending above 17,000 for the first time in nearly eight weeks as Sony Corp gained after saying its financial unit had set its IPO price at the top end of its tentative range.
Published 03 Oct, 2007 12:00am
Seoul shares at record close

Seoul shares at record close

Seoul shares jumped 2.6 percent to a record closing high on Tuesday as financials rallied on receding worries about credit market turmoil, while resource stocks such as Korea Zinc soared on strong metal prices.
Published 03 Oct, 2007 12:00am
Australian dollar retreats from 18-year high

Australian dollar retreats from 18-year high

The Australian dollar retreated sharply from 18-year highs against the US dollar on Tuesday as investors took profits on its steep ascent of the past two weeks and also unwound yen-funded carry trade positions.
Published 03 Oct, 2007 12:00am
Swiss franc dips

Swiss franc dips

The Swiss franc edged lower against the dollar and remained under pressure against the euro on Tuesday as tame Swiss inflation data dampened expectations of another interest rate hike in Switzerland. Consumer price inflation picked-up to 0.7 percent in Se
Published 03 Oct, 2007 12:00am
Dollar stays off record lows versus euro

Dollar stays off record lows versus euro

The dollar held off a record low against the euro on Tuesday as investors looked to see whether the battered US currency could recover further along with surging Wall Street stocks before a wave of economic data.
Published 03 Oct, 2007 12:00am
Dollar rises as stocks rally

Dollar rises as stocks rally

The dollar rose from record lows against the euro on Monday as investors pared bets against the US currency on a rally in stocks and a dip in oil prices ahead of a batch of economic data and central bank meetings. The greenback got a boost as US benchmark
Published 03 Oct, 2007 12:00am
Asian currencies retreat from highs

Asian currencies retreat from highs

The Malaysian ringgit fell half a percent on Tuesday, leading a retreat in Asian currencies as investors exited stretched positions ahead of a string of US economic data that could determine direction for the US dollar.
Published 03 Oct, 2007 12:00am
Race bias claim by umpire Hair

Race bias claim by umpire Hair

Darrell Hair, the Australian umpire who was giving evidence on the second day of his legal action against the International Cricket Council (ICC), the governing body of the game, claimed he was not permitted to stand in top-level matches because "it was m
Published 03 Oct, 2007 12:00am
Venus wins first Japan Open match

Venus wins first Japan Open match

Wimbledon champion Venus Williams won her opening match at the Japan Open tennis tournament here on Tuesday. The 27-year-old American top seed, heavily favoured to win the 175,000-dollar Tier III tournament, eased aside her compatriot and 2002 champion Ji
Published 03 Oct, 2007 12:00am
Haddin and Symonds help Australia crush India

Haddin and Symonds help Australia crush India

Brad Haddin and Andrew Symonds hammered brisk half-centuries to set up Australia's crushing 84-run win over India in the second one-day international here on Tuesday. Australia's batting might was on view as the World Cup winners posted a challenging 306-
Published 03 Oct, 2007 12:00am
Kaneria notches up 200 Test wickets

Kaneria notches up 200 Test wickets

Leg-spinner Danish Kaneria took his 200th Test wicket on Tuesday, becoming only the sixth Pakistani bowler to achieve the feat. The 26-year-old Kaneria, playing his 47th Test, only needed two wickets to reach the landmark at the start of the first Test ag
Published 03 Oct, 2007 12:00am
Butt hospitalised

Butt hospitalised

Pakistani cricket vice captain Salman Butt was admitted to hospital Tuesday with stomach pains on the second day of the first Test against South Africa, officials said. "Butt had severe pain in his stomach and we took him to the hospital at around 3:00 am
Published 03 Oct, 2007 12:00am
Pakistan struggle after Kallis brilliance

Pakistan struggle after Kallis brilliance

Pakistan will have to fight hard to save the first Test against South Africa after a masterly knock of 155 by Jacques Kallis put the tourists in command at the National Stadium here on Tuesday. At the close on the second day, Pakistan were 127-5 in reply
Published 03 Oct, 2007 12:00am
Hillary Clinton leads 2008 money chase with $27 million

Hillary Clinton leads 2008 money chase with $27 million

Democrat Hillary Clinton raised $27 million for her 2008 presidential bid in the third quarter, leading all rivals and strengthening her position ahead of the field three months before the first votes.
Published 03 Oct, 2007 12:00am
Journalist and actors arrested over satirical Zimbabwe play

Journalist and actors arrested over satirical Zimbabwe play

A journalist and two actors were arrested in Zimbabwe during a satirical play making fun of the country's political situation, press freedom group Reporters Without Borders said on Tuesday. The non-governmental international organisation said plain-clothe
Published 03 Oct, 2007 12:00am
Diana inquest opens with royal murder claim

Diana inquest opens with royal murder claim

The father of Princess Diana's Egyptian boyfriend reiterated Tuesday his claim that the couple were murdered by the British royal family, as an inquest into their deaths got underway.
Published 03 Oct, 2007 12:00am
Ukraine's pro-West parties hold fragile poll leads

Ukraine's pro-West parties hold fragile poll leads

Pro-Western parties maintained a fragile lead Tuesday over their Moscow-backed rivals in Ukraine's cliff-hanger parliamentary election, but both sides declared victory amid claims of fraud.
Published 03 Oct, 2007 12:00am
Blackwater involved in 200 shootings since 2005: US report

Blackwater involved in 200 shootings since 2005: US report

The private security firm Blackwater USA has been involved in nearly 200 shootings in Iraq since 2005, according to a US Congress report that depicts the company's employees as dangerously out of control.
Published 03 Oct, 2007 12:00am
11 killed in Kabul bus blast

11 killed in Kabul bus blast

A suicide bomber blew himself up alongside a bus in Kabul on Tuesday, killing at least 11 victims including policemen and civilians, Afghan officials said. It was the second such attack in the capital in four days. The front of the bus was blown apart by
Published 03 Oct, 2007 12:00am
Brown sees more troops home by year-end

Brown sees more troops home by year-end

British Prime Minister Gordon Brown said on Tuesday 500 more soldiers would be home from the unpopular war in Iraq by year's end, fuelling speculation he may soon call a national election.
Published 03 Oct, 2007 12:00am
Israel pardons more prisoners

Israel pardons more prisoners

Israel sent 29 Palestinian prisoners home to the Gaza Strip on Tuesday, triggering celebrations that were interrupted by Israeli gunfire when a crowd surged towards a border crossing to greet the men.
Published 03 Oct, 2007 12:00am
Israel confirms strike in Syria

Israel confirms strike in Syria

Israel broke nearly a month of official silence and confirmed on Tuesday it carried out an air strike deep inside Syrian territory on September 6. The incident stoked tensions between the long-time foes after months of speculation they could restart peace
Published 03 Oct, 2007 12:00am
France urges sanctions moves to pressure Iran

France urges sanctions moves to pressure Iran

French Foreign Minister Bernard Kouchner said on Tuesday the West must continue to work on sanctions if it is to be taken seriously by Iran, even as talks continue to resolve a stand-off over Tehran's nuclear ambitions.
Published 03 Oct, 2007 12:00am
UN envoy meets Myanmar junta chief, Suu Kyi

UN envoy meets Myanmar junta chief, Suu Kyi

UN envoy Ibrahim Gambari met junta chief Than Shwe and opposition leader Aung San Suu Kyi on Tuesday at the end of a four-day mission to Myanmar to try to halt a bloody crackdown on democracy protests.
Published 03 Oct, 2007 12:00am
Sudan criticises US and EU after Darfur attack

Sudan criticises US and EU after Darfur attack

Sudan criticised the United States and European Union on Tuesday for failing to impose sanctions on Darfur rebel groups believed to be behind the deadliest attack on African Union troops in the region.
Published 03 Oct, 2007 12:00am
UK chief scientist confident on 2009 climate deal

UK chief scientist confident on 2009 climate deal

A new global climate deal should be reachable by 2009, with nations outside the Kyoto Protocol more sympathetic to such a pact, the UK's chief scientific adviser said on Tuesday. "The point is it really needs to be in place by 2009 if we're going to have
Published 03 Oct, 2007 12:00am
Two bomb blasts kill one in Izmir

Two bomb blasts kill one in Izmir

Two bombs exploded in a shopping area in the western Turkish city of Izmir on Tuesday, killing one person and injuring seven others, officials said. A parcel bomb on a motorcycle claimed the life of a lottery ticket seller, Defence Minister Vecdi Gonul sa
Published 03 Oct, 2007 12:00am
South Korean president meets dour Kim in Pyongyang

South Korean president meets dour Kim in Pyongyang

South Korea's president arrived in the capital of hermit North Korea on Tuesday to cheering crowds and an unsmiling leader Kim Jong-il for only the second summit between Cold War-era foes who remain technically at war.
Published 03 Oct, 2007 12:00am
US Stocks: Tuesday's early afternoon trade

US Stocks: Tuesday's early afternoon trade

US stocks fell on Tuesday as investors booked profits from the prior session's rally, while falling oil prices weighed on shares of energy companies. Technology companies and big manufacturers, such as Caterpillar Inc, which had climbed a day earlier to h
Published 03 Oct, 2007 12:00am
Bonds: crossover index tightens

Bonds: crossover index tightens

European credit spreads moved in tandem with equities on Tuesday, tightening significantly in the morning and then losing some of those gains later in the day. By 1550 GMT, the iTraxx Crossover index, a closely watched barometer of European credit risk th
Published 03 Oct, 2007 12:00am
Bonds: crossover index tightens

Bonds: crossover index tightens

European credit spreads moved in tandem with equities on Tuesday, tightening significantly in the morning and then losing some of those gains later in the day. By 1550 GMT, the iTraxx Crossover index, a closely watched barometer of European credit risk th
Published 03 Oct, 2007 12:00am
Russian shares jump to record high

Russian shares jump to record high

The Moscow stock exchange soared to a record high Tuesday, in line with gains elsewhere and as investors welcomed an announcement by Vladimir Putin that he would be interested in serving as prime minister after he leaves the presidency.
Published 03 Oct, 2007 12:00am
Australian shares at record levels

Australian shares at record levels

Australian share prices closed up 1.5 percent at record levels Tuesday as mining stocks pushed the market higher, dealers said. They said leading resources stocks, including BHP Billiton and Rio Tinto, were taking the market to all-time highs but investor
Published 03 Oct, 2007 12:00am
UK's top share index slips

UK's top share index slips

The FTSE 100 index of Britain's leading shares ended down on Tuesday during a choppy trading session as easing credit fears lifted banks but commodities weighed as platinum and oil prices fell. The index was 5.8 points, or 0.1 percent lower at 6,500.4 aft
Published 03 Oct, 2007 12:00am
Sterling jumps broadly

Sterling jumps broadly

Sterling rose to a two-week high against a basket of currencies on Tuesday, bolstered by talk of a 740 million pound rescue package for troubled UK mortgage lender Northern Rock.
Published 03 Oct, 2007 12:00am
Dollar rises in London

Dollar rises in London

The dollar rose from the previous day's record lows on Tuesday, as investors trimmed over-stretched bets against the US currency ahead of key data later this week which may shed light on the need for more interest rate cuts.
Published 03 Oct, 2007 12:00am
Indian markets closed

Indian markets closed

India's financial markets are closed on Tuesday for a national holiday. Trading will resume on Wednesday, October 3. On Monday, the benchmark 30-share index ended up 0.22 percent, or 37.52 points, at 17,328.62, its ninth record close in as many days, afte
Published 03 Oct, 2007 12:00am
US farmers to boost wheat and soya crops

US farmers to boost wheat and soya crops

US farmers are likely to boost wheat and soybean crops in 2008 in response to critically high prices, potentially displacing others such as corn and cotton, analysts said this week. "Even with corn prices higher ... we do believe that farmers are going to
Published 03 Oct, 2007 12:00am
London cocoa and coffee down; sugar up

London cocoa and coffee down; sugar up

London cocoa futures fell sharply to an 18-day low on Tuesday driven by speculative, trade and origin selling and weighed by a stronger pound. Robusta coffee settled lower in a mild setback after Monday's strong advance and sugar traded firmer after a cho
Published 03 Oct, 2007 12:00am
Oil drops toward $80 on profit-taking

Oil drops toward $80 on profit-taking

Oil slipped toward $80 a barrel on Tuesday, retreating for a third day as a strengthening dollar and concerns about the world economy prompted investors to take profits. The losses were limited, however, by news of a fire at Suncor Energy Inc's oil sands
Published 03 Oct, 2007 12:00am
Angola may accept Opec oil quota

Angola may accept Opec oil quota

Angola, the newest member of the Organisation of Petroleum Exporting Countries, would be satisfied with an oil production quota of 2.5 million barrels per day in 2008, a top official at national oil company Sonangol said on Tuesday.
Published 03 Oct, 2007 12:00am
Lead sets fresh peak, copper up

Lead sets fresh peak, copper up

Lead set a fresh record high on Tuesday as the market fretted over supply tightness while copper rose to a five-month high on technical buying and strikes at mines. Lead for delivery in three months on the London Metal Exchange touched a new record of $3,
Published 03 Oct, 2007 12:00am
New York cotton futures plummet

New York cotton futures plummet

Cotton futures finished sharply lower Tuesday on speculative fund sales and a sell-off in other commodity markets that depressed sentiment in the market, brokers said. ICE Futures open-outcry December cotton contract dove 1.87 cents to close at 63.24 cent
Published 03 Oct, 2007 12:00am
Philippines to have first new oil well in 15 years

Philippines to have first new oil well in 15 years

The first new oil well in the Philippines in 15 years is expected to start production in March, 2008, Energy Secretary Angelo Reyes said Tuesday. The oil well, located in the Galoc Field off the western island of Palawan, will increase the country's month
Published 03 Oct, 2007 12:00am
European gold tumbles

European gold tumbles

Gold fell 2.7 percent on Tuesday as a rising dollar prompted investors to take profits from the metal's 28-year highs, but analysts said the upward trend remained intact. Platinum also lost steam after a fund-driven rally, with prices falling more than 3
Published 03 Oct, 2007 12:00am
US MIDDAY: cocoa and coffee dip

US MIDDAY: cocoa and coffee dip

Cocoa futures on ICE Futures US fell to an 8-day low on origin selling in early trading Tuesday, while arabica coffee crept into negative territory after surging up a 2-1/2-year peak Monday, traders said. "Cocoa is flowing and causing this stir, then belo
Published 03 Oct, 2007 12:00am
US MIDDAY: sugar slips

US MIDDAY: sugar slips

Raw sugar futures slipped in early business on Tuesday on sales by small speculators with the market pinned in a range due to a dearth of leads, brokers said. "It's just sitting in a range and the locals are just jobbing it," a long-time floor dealer said
Published 03 Oct, 2007 12:00am
US MIDDAY: wheat down

US MIDDAY: wheat down

Soft red winter wheat futures on the Chicago Board of Trade were called to open 7 to 10 cents per bushel lower on Tuesday in a setback from recent record highs, traders said. News that Egypt's main grain buyer, the General Authority for Supply Commodities
Published 03 Oct, 2007 12:00am
US MIDDAY: corn sags

US MIDDAY: corn sags

Corn futures on the Chicago Board of Trade plunged 4 percent early on Tuesday amid a rebound in the US dollar and a private forecast for a record large 13.445 billion-bushel US corn crop, traders said. At 11:27 am CDT (1627 GMT), CBOT corn was down 10 to
Published 03 Oct, 2007 12:00am
US MIDDAY: soya lower

US MIDDAY: soya lower

Soyabean futures at the Chicago Board of Trade were called to open 10 to 12 cents per bushel lower Tuesday as the rebounding dollar and weakness in gold and crude oil were seen weighing on the soya market, traders said.
Published 03 Oct, 2007 12:00am
US MIDDAY: copper soars

US MIDDAY: copper soars

New York copper futures surged to a 4-1/2 month peak as strikes in Peru got under way on Tuesday, threatening supply in a healthy demand environment, traders said. The copper rally reversed early losses incurred when a rising dollar hit metal prices acros
Published 03 Oct, 2007 12:00am
US MIDDAY: gold declines

US MIDDAY: gold declines

A rebound in the dollar triggered heavy profit-taking in US gold futures early on Tuesday, while platinum contracts dropped more than 3 percent and the other precious metals also slumped as investors consolidated recent gains.
Published 03 Oct, 2007 12:00am
Karachi University and IBP sign to initiate MBA course

Karachi University and IBP sign to initiate MBA course

The Institute of Bankers Pakistan (IBP) and the University of Karachi (KU) have signed a memorandum of understanding (MoU) for initiating an MBA programme in Banking and Finance. This was announced in a statement of the IBP, issued here on Tuesday.
Published 03 Oct, 2007 12:00am
Wheat crisis

Wheat crisis

What sort of governance is it, where Pakistan has a bumper wheat crop, it then exports it, only to import it, with a severe shortage crisis at a critical time of an election for presidency, parliament and the holy month of Ramazan.
Published 03 Oct, 2007 12:00am
Nadir of cowardice!

Nadir of cowardice!

Circa; 29th September 2007 (AD), 16th Ramazan, 1428 (Hijri). Location; Constitution Avenue, Islamabad. Brutal, contemptible, wretched display of violence perpetrated by the police and plainclothed personnel on unarmed lawyers, journalists and civilians.
Published 03 Oct, 2007 12:00am
'Humiliation of pensioners'

'Humiliation of pensioners'

Reference letter to the editor by "Daughter in law of an aggrieved widow" appearing in this newspaper under the above caption. If the facts of the case are true (as reported in the letter), EOBI does not have the words with which to describe its pain and
Published 03 Oct, 2007 12:00am
Baghdad security guard by day, insurgent by night

Baghdad security guard by day, insurgent by night

By day Ahmed works for an Iraqi security company. By night the stocky 30-year-old fights the "American occupier" in his Baghdad neighbourhood. Ahmed admits he is a member of what the US military terms "Special Groups" -- secret cells it says wage acts of
Published 03 Oct, 2007 12:00am
Good Morning: is there a ladder in our lives, in sight?

Good Morning: is there a ladder in our lives, in sight?

Given the uncertain, tense, and conflict ridden political climate that remains in the country, it does not come as much of a surprise that the last date for the income tax returns was extended to the 20th of October, 2007.
Published 03 Oct, 2007 12:00am
Shipping - the most neglected sector of national economy - I

Shipping - the most neglected sector of national economy - I

The ravages of the Second World War weakened the colonial powers, both militarily and economically. Even those who emerged as victors found it difficult to retain their colonies and had to give them independence.
Published 03 Oct, 2007 12:00am
Why this lethal confrontation?

Why this lethal confrontation?

Taking suo moto notice of the use of excessive force by the police against lawyers and journalists, the Supreme Court on Monday ordered suspension of two top officials of the capital police and the deputy commissioner. Last Saturday, these officials direc
Published 03 Oct, 2007 12:00am
Decline in scrap ship imports

Decline in scrap ship imports

There has been a huge decline of $16.028 million, or 65.17 percent, in Pakistan's imports of scrap ships during July-August 2007, as compared to $46.021 million in the corresponding period of last year due to higher demand for steel in the international m
Published 03 Oct, 2007 12:00am
Punjab University's AS&RB meeting on October 4

Punjab University's AS&RB meeting on October 4

A meeting of the Punjab University Advance Studies and Research Board (AS&RB) will be held on October 4 at 9:30am in the vice chancellor's committee room. The meeting will discuss topics of Ph.D for different scholars in different subjects.
Published 03 Oct, 2007 12:00am
Traffic route plan for Youm-e-Ali announced

Traffic route plan for Youm-e-Ali announced

Karachi Traffic police have announced the route plan on the occasion of Youm-e-Ali to be observed on Thursday. According to the arrangements made on October 4 at 1300 hour, a procession will be taken out from Nishtar Park, which will terminate at Imambarg
Published 03 Oct, 2007 12:00am
SCBA polls: PPP to support Aitzaz

SCBA polls: PPP to support Aitzaz

Pakistan Peoples Party will support Chaudhry Aitzaz Ahsan, MNA, in the forthcoming elections for the office of the Supreme Court Bar Association (SCBA) president, Farhatullah Babar, press person of PPP chairperson Benazir Bhutto said in a message sent fro
Published 03 Oct, 2007 12:00am
Government should declare Sialkot as 'Cottage City'

Government should declare Sialkot as 'Cottage City'

The world has recognised Sialkot as export-oriented city of Pakistan, since this place possesses century-old industrial heritage. It has developed a remarkable export culture over the period and contributing over 900 million dollars annually to the nation
Published 03 Oct, 2007 12:00am
Government urged to import cotton through Wagah border

Government urged to import cotton through Wagah border

The Lahore Chamber of Commerce and Industry (LCCI) on Tuesday unfurled two-pronged strategy to bring the crises-hit textile sector out of mire. This premier chamber of the country suggested to the government to allow import of all types of cotton through
Published 03 Oct, 2007 12:00am
Ramazan deals at Beach Luxury Hotel

Ramazan deals at Beach Luxury Hotel

In honour of the holy month of Ramazan, the culinary team at Beach Luxury Hotel has whipped up a combination of festive and fortifying meals to help make both the fasting and feasting meaningful and enjoyable.
Published 03 Oct, 2007 12:00am
Bilateral trade beneficial to India only: PML-N leader

Bilateral trade beneficial to India only: PML-N leader

Pakistan Muslim League-N Finance Secretary Mohammad Pervaiz Malik has said that despite suspension in composite dialogue between Pakistan and India for peace and present political crisis in Pakistan, major decisions like bilateral trade are being taken wh
Published 03 Oct, 2007 12:00am
Import of Indian sugar: LHC adjourns hearing of petition

Import of Indian sugar: LHC adjourns hearing of petition

Lahore High Court (LHC) on Tuesday adjourned hearing of a writ petition filed against the import of sugar from India till October 3 as customs' counsel did turn to the court. The court directed the counsel to appear before the court and submit his submiss
Published 03 Oct, 2007 12:00am
SPARC calls for amendments in section 14 of JJSO

SPARC calls for amendments in section 14 of JJSO

Society for the Rights for the Protection of Children (SPARC) has called for amendment in section 14 of the Juvenile Justice System Ordinance (JJSO) to resolve the ambiguity by replacing the sentence "not in derogation of any other law for the time being
Published 03 Oct, 2007 12:00am
Presidential poll after mass resignations unjustified: Fazal

Presidential poll after mass resignations unjustified: Fazal

Maulana Fazalur Rehman, Secretary General Muttahida Majlis-i-Amal on Tuesday said that government should review its decision of holding presidential elections after resignations tendered by a significant number of the opposition members from assemblies.
Published 03 Oct, 2007 12:00am
US envoy, NWFP governor discuss Fata uplift projects

US envoy, NWFP governor discuss Fata uplift projects

US Ambassador to Pakistan, Ms Anne Patterson called on the NWFP Governor Lieutenant General Ali Muhammad Jan Aurakzai (Retd) here at Governor's House on Tuesday. She was accompanied by a delegation comprising Ms Lynne Tracy, Principal Officer US Consulate
Published 03 Oct, 2007 12:00am
LCCI seeks long-term finance facility for spinning industry

LCCI seeks long-term finance facility for spinning industry

The Lahore Chamber of Commerce and Industry (LCCI) Tuesday unfurled two-pronged strategy to bring the crisis-hit textile sector out of mire and suggested the government to allow import of all types of cotton through Wagah Border besides controlling the pr
Published 03 Oct, 2007 12:00am
NWFP chief minister likely to go for trust vote

NWFP chief minister likely to go for trust vote

Dissolution of NWFP Assembly looks impossible before October 6, the 'D-Day' for presidential poll as Chief Minister Akram Khan Durrani is likely to take confidence vote. Two opposition parties and their independent allies in NWFP Assembly have submitted n
Published 03 Oct, 2007 12:00am
AKCSP hands over Shigar Fort to TPSP

AKCSP hands over Shigar Fort to TPSP

The Aga Khan Cultural Services Pakistan (AKCSP) has handed over management of Shigar Fort to Tourism Promotion Services Pakistan (TPSP), the owners of Serena Hotels. A signing ceremony to hand over the operations of the Shigar Fort Residence to the manage
Published 03 Oct, 2007 12:00am
Eid-ul-Fitr likely on October 14: Met Office

Eid-ul-Fitr likely on October 14: Met Office

Pakistan meteorological department says that astronomical calculations suggest that there is hardly any chance of sighting new moon of Shawwal in the evening of 12th October 2007 throughout the country. As such, the month of Shawwal would commence in Paki
Published 03 Oct, 2007 12:00am
PMA election on October 27

PMA election on October 27

Election of Pakistan Medical Association, Bahawalpur, (PMAB) will be held on October 27. This was stated by Election of Pakistan Medical Association, Bahawalpur, Punjab Vice President Dr Arif Ahmad Zaid here on Tuesday. He said that Professor Dr Riaz Ahma
Published 03 Oct, 2007 12:00am
Asian states: Pakistan has highest rate of breast cancer

Asian states: Pakistan has highest rate of breast cancer

Pakistan has the highest rate of breast cancer among any Asian country and the disease is the most frequent malignancy in women, and accounts for 38.5 percent of all female cancers which is 83,000 new cases every year.
Published 03 Oct, 2007 12:00am
PIA flight schedule punctuality 100 percent on September 21-22

PIA flight schedule punctuality 100 percent on September 21-22

Pakistan International Airlines has achieved an overall monthly punctuality of 88 percent for the entire network ie on its domestic and international flights with an enviable punctuality of 100 percent on September 21 and 22 2007, according to a PIA press
Published 03 Oct, 2007 12:00am
Another Dengue patient dies; toll rises to four

Another Dengue patient dies; toll rises to four

Dengue Fever induced death toll rose to four on Tuesday with the expiry of a young player Jawad Ahmed Khan at Liaqut National Hospital. Jawad, aged 22 years, employed with a national organisation as a player was a resident of Malir.
Published 03 Oct, 2007 12:00am
Minister lauds computerisation of labour force data

Minister lauds computerisation of labour force data

Sindh Minister for Labour and Industries, Mohammed Adil Siddiqi has described the availability of advance information regarding people attached with professional sectors as well as skilled and non-skilled work force as imperative for the development of a
Published 03 Oct, 2007 12:00am
Arbab hails JUP MPA's decision to support Musharraf

Arbab hails JUP MPA's decision to support Musharraf

Sindh Chief Minister Dr Arbab Ghulam Rahim has hailed the decision of Jamiat Ulema-e-Pakistan (Noorani Group) member of Sindh Assembly Abdur Rehman Rajput to support General Pervez Musharraf in the presidential election, scheduled on October 6.
Published 03 Oct, 2007 12:00am
Sindh plans first-ever DEWS in Karachi

Sindh plans first-ever DEWS in Karachi

Sindh Health Department has planned to introduce the country's first-ever "Disease Early Warning System (DEWS)" in Karachi to combat dengue fever, official sources told Business Recorder here on Tuesday.
Published 03 Oct, 2007 12:00am
HSM to start crushing in November

HSM to start crushing in November

Habib Sugar Mills Limited (HSM), Nawabshah would start crushing of sugarcane in the first week of November 2007. Resident Director of the mills, Muhammad Yousif told PPI on telephone here Tuesday that Sakrand Sugar Mills and Al-Noor Sugar Mills, both in s
Published 03 Oct, 2007 12:00am
KCCI for stoppage of processions in Saddar area

KCCI for stoppage of processions in Saddar area

Members of Karachi Chamber of Commerce and Industry (KCCI) have suggested that the processions should not be allowed to enter the Saddar area, because they cause gridlock in the area and lead to disturb immensely all business activities.
Published 03 Oct, 2007 12:00am
PBA refutes allegations

PBA refutes allegations

Pakistan Broadcasters Association has strongly refuted all allegations that any of its member broadcasters had broken the rules and regulations laid down in Pemra Ordinance.
Published 03 Oct, 2007 12:00am
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