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Print - 2008-03-24
Real democratic era begins: Musharraf

Real democratic era begins: Musharraf

Embattled President Pervez Musharraf Sunday said that a real democratic era had begun in his country following elections and he would give full support to the new government.
Published 24 Mar, 2008 12:00am
Real democratic era begins: Musharraf

Real democratic era begins: Musharraf

Embattled President Pervez Musharraf Sunday said that a real democratic era had begun in his country following elections and he would give full support to the new government.
Published 24 Mar, 2008 12:00am
Rabbani resigns as leader of opposition in Senate

Rabbani resigns as leader of opposition in Senate

Senator Raza Rabbani on Sunday resigned as leader of the opposition in Senate to pave way for opposition parties to nominate leader of the opposition of their choice in the changed scenario.
Published 24 Mar, 2008 12:00am
Rabbani resigns as leader of opposition in Senate

Rabbani resigns as leader of opposition in Senate

Senator Raza Rabbani on Sunday resigned as leader of the opposition in Senate to pave way for opposition parties to nominate leader of the opposition of their choice in the changed scenario.
Published 24 Mar, 2008 12:00am
Two killed as dozens of Nato oil tankers destroyed

Two killed as dozens of Nato oil tankers destroyed

Dozens of tankers carrying oil for Nato forces were destroyed on Sunday in a bomb blast targeting a border crossing where they awaited clearance to enter Afghanistan, officials said.
Published 24 Mar, 2008 12:00am
Two killed as dozens of Nato oil tankers destroyed

Two killed as dozens of Nato oil tankers destroyed

Dozens of tankers carrying oil for Nato forces were destroyed on Sunday in a bomb blast targeting a border crossing where they awaited clearance to enter Afghanistan, officials said.
Published 24 Mar, 2008 12:00am
Pakistan considering joining Nato forces

Pakistan considering joining Nato forces

Pakistan is mulling to join Nato forces, engaged in Afghanistan, by associating its regular army officers in the name of Liaison Officers for which formal talks are expected shortly, sources told Business Recorder.
Published 24 Mar, 2008 12:00am
Pakistan considering joining Nato forces

Pakistan considering joining Nato forces

Pakistan is mulling to join Nato forces, engaged in Afghanistan, by associating its regular army officers in the name of Liaison Officers for which formal talks are expected shortly, sources told Business Recorder.
Published 24 Mar, 2008 12:00am
The Weather

The Weather

The weather report on Sunday (March 23, 2008) and the forecast for Monday (March 24, 2008).
Published 24 Mar, 2008 12:00am
Your rupee last week

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (March 17 to 22, 2008).

Published 24 Mar, 2008 12:00am
KKI weekly market review

KKI weekly market review

Khanani & Kalia International (Pvt) Limited Weekly Market Review on Sunday (March 23, 2008).
Published 24 Mar, 2008 12:00am
Rover's Diary: put right foot on reform accelerator

Rover's Diary: put right foot on reform accelerator

Each of the two coalition major partners - PPP and PML (N) - had their good and bad economic policies in their previous two incarnations. Today, when in Asif Zardari's words, they have to 'sink and swim together,' they will have to learn from their past m
Published 24 Mar, 2008 12:00am
PROFILE: Haji Muhammad Ashraf Khokhar, Founder

PROFILE: Haji Muhammad Ashraf Khokhar, Founder

Alhaj Muhammad Ashraf Khokhar planted the seed of Ashraf Industries in 1969 with the wish to manufacture various garments. This was the first factory of its kind in Industrial Estate in Edition to four factories which were manufacturing sports goods. Ashr
Published 24 Mar, 2008 12:00am
PROFILE: Ijaz A. Khokhar, Managing Director

PROFILE: Ijaz A. Khokhar, Managing Director

Sialkot is the soil which has produced remarkable and renowned personalities in the all fields of life including poetry, sports, politics and industry. Government of Pakistan has awarded the Sialkot with Hilal-e-Istiqlal for their bravery and patriotism d
Published 24 Mar, 2008 12:00am
Message from Chairman Sialkot Dry Port Trust

Message from Chairman Sialkot Dry Port Trust

I am on behalf of all trustees of Sialkot Dry Port Trust and on my own congratulate Mr Ijaz A. Khokhar, our esteemed trustee and CEO of Ashraf Industries (Pvt) Ltd, Sialkot on having been conferred the coveted Civil Award of SITARA-E-IMTIAZ.
Published 24 Mar, 2008 12:00am
Message from Central Chairman Pakistan Hosiery Manufacturers Association

Message from Central Chairman Pakistan Hosiery Manufacturers Association

I feel delighted that Mr Ijaz A. Khokhar has been honoured with SITARA-E-IMTIAZ on his achievements to introduce the manufacturing of Martial Arts Uniforms in Pakistan. It is encouraging to observe that Sialkot now holds 30% share of Martial Arts Uniforms
Published 24 Mar, 2008 12:00am
Message from Central Chairman PRGMEA

Message from Central Chairman PRGMEA

It is matter of great privilege and pride for garment sector, Particularly PRGMEA (Pakistan Readymade Garments Manufacturers & Exporter Association) that our former Chairman Mr Ijaz A. Khokhar has been conferred with SITARA-E-IMTIAZ.
Published 24 Mar, 2008 12:00am
Message from Chairman KI International Corp, USA

Message from Chairman KI International Corp, USA

On the propitious occasion that Mr Ijaz A. Khokhar awarded SITARA-E-IMTIAZ by President of Pakistan on recognition being the Pioneer of Martial Arts Garment Industry in Pakistan.
Published 24 Mar, 2008 12:00am
Message from President Matsuru B.V, Holland

Message from President Matsuru B.V, Holland

We whole Matsuru Team congratulate to Mr Ijaz A. Khokhar to receive highest recognition Award "SITARA-E-IMTIAZ" by President of Pakistan being the first Pakistani Manufacturers of Martial Arts Uniforms and also due to his dedicating contribution to Readym
Published 24 Mar, 2008 12:00am
Message from Founder of Kown Martial Arts - Germany

Message from Founder of Kown Martial Arts - Germany

It is an immense pleasure for me to know that Mr Ijaz A. Khokhar, Managing Director of Ashraf Industries (Pvt) Ltd, Sialkot-Pakistan has been decorated with SITARA-E-IMTIAZ (Civil Award) of Pakistan by President of Pakistan in recognition of his good Deed
Published 24 Mar, 2008 12:00am
Message from President Asian Apparel Federation

Message from President Asian Apparel Federation

I delighted to know that former Chairman of PRGMEA and Pakistan's Delegate to the Asian Apparel Federation awarded SITARA-E-IMTIAZ by President of Pakistan. It is really great honour for PRGMEA.
Published 24 Mar, 2008 12:00am
Australia plans carbon storage under ocean

Australia plans carbon storage under ocean

Australia plans to allow greenhouse gas emissions to be stored in the ocean floor around the island continent, with exploration for suitable sites possibly starting in 2008.
Published 24 Mar, 2008 12:00am
Antibodies may point to early lung cancer

Antibodies may point to early lung cancer

Lung cancer is usually diagnosed at a late stage when it's difficult to cure, but someday a blood test may lead to earlier detection, researchers report. The immune system produces antibodies that target antigens on lung tumours.
Published 24 Mar, 2008 12:00am
Curbing soot could blunt global warming: study

Curbing soot could blunt global warming: study

Sharply reducing the amount of black carbon - commonly known as soot - in the atmosphere could help slow global warming and buy precious time in the long-term fight against climate change, according to a study released on March 23.
Published 24 Mar, 2008 12:00am
World Kidney Day failed to make a mark among masses

World Kidney Day failed to make a mark among masses

World Kidney Day was observed throughout Pakistan last week to bring home the miseries of kidney patients and the need for medical attention toward this killer ailment. The coverage of this event was prominent in English newspapers only, whereas, the elec
Published 24 Mar, 2008 12:00am
Vegetables tied to lower breast cancer risk

Vegetables tied to lower breast cancer risk

Cruciferous vegetables may help lower the risk of developing breast cancer, particularly for women who carry a particular gene variant linked to the disease, a new study suggests.
Published 24 Mar, 2008 12:00am
Some people may transmit weaker AIDS virus

Some people may transmit weaker AIDS virus

People with a genetic variation that slows down HIV may also be causing a mutation to the AIDS virus that makes it less potent if transmitted to others, researchers said on March 21. The human immunodeficiency virus that causes AIDS attacks immune system
Published 24 Mar, 2008 12:00am
Scientists seek climate clues on Antarctic voyage

Scientists seek climate clues on Antarctic voyage

Scientists set off on a voyage to Antarctica on March 22 to see if the icesheets at the edge of the vast continent are melting faster and whether the Southern Ocean is soaking up less climate-warming carbon dioxide.
Published 24 Mar, 2008 12:00am
Asia mobile phones sales to exceed 400 million

Asia mobile phones sales to exceed 400 million

Mobile phone sales in the Asia Pacific region excluding Japan is expected to grow an annual 10 percent to more than 400 million units in 2008, fuelled by China and India, an industry report said on Wednesday. Mobile phone sales in 2007 totalled 366 millio
Published 24 Mar, 2008 12:00am
Nearly half of Japanese bathe with cellphones

Nearly half of Japanese bathe with cellphones

Hi-tech mobile phones and leisurely baths are well-known passions of the Japanese - and apparently they're not mutually exclusive. A survey released on Monday showed that 41.2 percent of people in the country have at least once taken their mobile phones t
Published 24 Mar, 2008 12:00am
Mobile phone sales hit new record in Japan

Mobile phone sales hit new record in Japan

Sales of mobile telephones hit a new record of 52.3 million handsets last year in Japan as customers were pulled in by increasingly advanced features, a research firm said on Tuesday. The study by Gartner Japan also found that 105 million people were usin
Published 24 Mar, 2008 12:00am
EU backs Nokia standard for mobile TV

EU backs Nokia standard for mobile TV

The European Commission moved to simplify the nascent mobile phone TV sector by adopting a standard backed by Finland's Nokia, but mobile operators said Brussels was acting too quickly. The Commission said setting the Digital Video Broadcasting Handheld (
Published 24 Mar, 2008 12:00am
Facebook enhances privacy controls

Facebook enhances privacy controls

Facebook said on Tuesday that it is giving users more control over who gets to see personal information posted in profiles at the hot social-networking website. Privacy updates to be available by Wednesday include letting Facebook users categorise friends
Published 24 Mar, 2008 12:00am
Google sees surge in Web use on mobile phones

Google sees surge in Web use on mobile phones

Google Inc has seen an acceleration of Internet activity among mobile phone users in recent months since the company has introduced faster Web services on selected phone models, fuelling confidence the mobile Internet era is at hand, the company said on T
Published 24 Mar, 2008 12:00am
More effort needed to boost broadband use

More effort needed to boost broadband use

The European Union (EU) executive body sees increasing the use of broadband as key to boosting competition in the retail sector, offering consumers more choice and driving down prices.
Published 24 Mar, 2008 12:00am
US bank to offer online safes

US bank to offer online safes

Wells Fargo & Company said on Friday it plans to offer customers online safes for storing copies of wills, passports, tax records and other documents worth protecting. The major US bank says its vSafe service will roll out this year as a first-of-its-kind
Published 24 Mar, 2008 12:00am
T-System to move 3,000 jobs to India

T-System to move 3,000 jobs to India

T-Systems, the computer services unit of Deutsche Telekom, said on Wednesday it would move 3,000 jobs in Germany to India as a result of its partnership with the US group Cognisant.
Published 24 Mar, 2008 12:00am
Apple weighing unlimited music move

Apple weighing unlimited music move

Apple is negotiating with major record companies over an unlimited music access option for its iPod and iPhone customers in return for a percentage of the devices' purchase price, The Financial Times reported on Wednesday.
Published 24 Mar, 2008 12:00am
Emirates first to offer inflight mobile calls

Emirates first to offer inflight mobile calls

Dubai-based Emirates airlines said on Thursday it has become the first carrier in the world to commercially launch an in-flight mobile telephone service. It said the first authorised mobile telephone call made from a commercial flight was made on Thursday
Published 24 Mar, 2008 12:00am
Microsoft move to 'threaten net'

Microsoft move to 'threaten net'

Any deal between Yahoo and Microsoft could be "bad for the Internet", according to the head of Google. Chief Executive Eric Schmidt said that Google was "concerned" about a deal, and said it could have implications for the "openness" of the Internet, BBC
Published 24 Mar, 2008 12:00am
Microsoft and HP to set up research centre in Taiwan

Microsoft and HP to set up research centre in Taiwan

Microsoft said on Thursday it had joined Hewlett-Packard to set up a research and development centre in Taiwan and tap the island's strength in information technology. Taiwan's IT industry is its biggest earner and largest exporter, last year bringing in
Published 24 Mar, 2008 12:00am
IN SHORT: dutch daily introduces e-reader subscription

IN SHORT: dutch daily introduces e-reader subscription

Dutch quality newspaper NRC Handelsblad is the first Dutch daily to release its entire newspaper electronically. Subscribers to the e-paper can now download the entire newspaper daily from 3 pm onwards, within 20 seconds via a WiFi-connection. The newspap
Published 24 Mar, 2008 12:00am
Take-over talk taunts once unassailable UBS

Take-over talk taunts once unassailable UBS

The idea of a bid for Swiss bank UBS AG was unthinkable a year ago. But with its shares hovering near 10-year lows and facing persistent fears it may have to write down billions of dollars on subprime exposures, talk of a take-over is no longer taboo.
Published 24 Mar, 2008 12:00am
Nasdaq OMX sees fee compression in Europe

Nasdaq OMX sees fee compression in Europe

Nasdaq OMX Group Inc is to offer a 90 percent discount on equities trading fees when it launches a pan-European market in September, its first move to rival European peers after a $4.5 billion merger last month.
Published 24 Mar, 2008 12:00am
India MRPL to shut 120,000 barrels a day crude unit

India MRPL to shut 120,000 barrels a day crude unit

India's Mangalore Refinery and Petrochemicals Ltd (MRPL) plans to shut a 120,000 barrels a day crude distillation unit (CDU) for a week from end-March for planned maintenance, its managing director said on March 20.
Published 24 Mar, 2008 12:00am
Chinese firms struggle as state support flags

Chinese firms struggle as state support flags

Soaring costs are squeezing Chinese companies, but pleas from executives for government relief are falling mostly on deaf ears. As Beijing tempers the push for export-driven growth with concern for long-neglected worker rights and environmental protection
Published 24 Mar, 2008 12:00am
Russian newspapers see conspiracy behind raids on BP

Russian newspapers see conspiracy behind raids on BP

Raids on the offices of British oil giant BP in Moscow on March 21 were conducted by secret service agents and may be part of a looming "redistribution" of oil assets in Russia, newspapers said.
Published 24 Mar, 2008 12:00am
BHP to face growing pressure to raise Rio offer anew

BHP to face growing pressure to raise Rio offer anew

Pressure on miner BHP Billiton to lift its offer for rival Rio Tinto is likely to intensify as Rio's profits grow, its big Chinese shareholder mulls buying more shares and disposals reap healthy returns.
Published 24 Mar, 2008 12:00am
BHP to face growing pressure to raise Rio offer anew

BHP to face growing pressure to raise Rio offer anew

Pressure on miner BHP Billiton to lift its offer for rival Rio Tinto is likely to intensify as Rio's profits grow, its big Chinese shareholder mulls buying more shares and disposals reap healthy returns.
Published 24 Mar, 2008 12:00am
Morgan Stanley sees opportunity in turmoil

Morgan Stanley sees opportunity in turmoil

Morgan Stanley faces major challenges in the near term, yet Chief Financial Officer Colm Kelleher said the bank has trimmed its exposure to risky assets, bulked up on cash and now intends to take advantage of opportunities created by market turmoil.
Published 24 Mar, 2008 12:00am
'England and Australia fear India's importance'

'England and Australia fear India's importance'

England and Australia cannot come to terms with India's growing importance in world cricket, according to Sunil Gavaskar, the International Cricket Council's cricket committee chief.
Published 24 Mar, 2008 12:00am
Olympic flame sparks call to protest action

Olympic flame sparks call to protest action

The lighting of the Beijing Olympic flame in Greece on Monday will trigger a new wave of protests against Chinese authorities over Tibet and other issues, according to activists.
Published 24 Mar, 2008 12:00am
Stunned Federer applauds inspired Fish

Stunned Federer applauds inspired Fish

Roger Federer paid tribute to Mardy Fish's performance after being swept aside 6-3 6-2 by the unseeded American in the Pacific Life Open semi-finals on Saturday. The Swiss world number one, who had not dropped a set in his three previous matches at Indian
Published 24 Mar, 2008 12:00am
Sri Lanka tour of Pakistan hits IPL roadblock

Sri Lanka tour of Pakistan hits IPL roadblock

Sri Lanka's proposed series of one-day internationals against Pakistan next month is in jeopardy due to a clash of dates with the cash-rich Indian Premier League. Sri Lanka had offered to play in the short series following a pull-out by Australia from a f
Published 24 Mar, 2008 12:00am
Swimming: Edington breaks Seebohm's world record

Swimming: Edington breaks Seebohm's world record

Sophie Edington snatched the world record for 50 metres backstroke at the Australian Olympic trials on Sunday while the previous holder watched from the stands after electing to skip the race.
Published 24 Mar, 2008 12:00am
Manchester United stroll to 3-0 win over Liverpool

Manchester United stroll to 3-0 win over Liverpool

Manchester United, sent on their way by a rare goal from unsettled defender Wes Brown, beat 10-man Liverpool 3-0 at Old Trafford on Sunday to stay firmly in charge in the Premier League. With second-placed Arsenal playing at Chelsea, who are third, in a l
Published 24 Mar, 2008 12:00am
Soccer team leaves for Kathmandu today

Soccer team leaves for Kathmandu today

Kaski District Football Association (KDFA) has formed 51-member committee for the upcoming Nepal-Pakistan friendly international clash being held in Pokhara Stadium on 26th and 28th March respectively. Muhammad Essa-led Pakistan national football team wil
Published 24 Mar, 2008 12:00am
England bounce back with Sidebottom's best

England bounce back with Sidebottom's best

An inspired spell of precision bowling by Ryan Sidebottom pulled England off the ropes and put them in charge of the third cricket Test against New Zealand as 15 wickets fell here Sunday. After a day of fluctuating fortunes, England reached stumps on the
Published 24 Mar, 2008 12:00am
Saudi Arabia says working to ensure oil supply

Saudi Arabia says working to ensure oil supply

Saudi Arabia, the world's largest oil exporter, said on Sunday it was working to expand its oil production and refinery capacity in order to maintain world economic growth.
Published 24 Mar, 2008 12:00am
Afghanistan to privatise national telephone firm

Afghanistan to privatise national telephone firm

Afghanistan said Sunday it planned to sell up to 80 percent of its telecommunications arm in one of the most ambitious parts of the country's ongoing privatisation programme. Bidders must register their interest in purchasing part of Afghan Telecom by Apr
Published 24 Mar, 2008 12:00am
Bangladesh bumper potato crop may ease price shock

Bangladesh bumper potato crop may ease price shock

Bangladesh is about to harvest a bumper potato crop, which officials say is likely to partly offset pressure on consumers facing high food prices. Bangladesh's potato production in the current season is likely to rise 35 percent to more than 7 million ton
Published 24 Mar, 2008 12:00am
Japan political deadlock deepens with gas tax feud

Japan political deadlock deepens with gas tax feud

Japan's political deadlock deepened on Sunday as ruling and opposition blocs, whose bickering has already left the central bank governor's job empty, clashed over a contentious gasoline tax that expires on March 31.
Published 24 Mar, 2008 12:00am
Opposition ready to hold talks over BoJ chief row

Opposition ready to hold talks over BoJ chief row

Japan's opposition is ready to hold talks with the ruling coalition to end an embarrassing vacancy at the helm of the central bank, a senior official said Sunday. "It is very important" to hold a dialogue, Yukio Hatoyama, secretary general of the Democrat
Published 24 Mar, 2008 12:00am
Saudi inflation hits 27 year high as Gulf tracks Fed

Saudi inflation hits 27 year high as Gulf tracks Fed

Inflation in Saudi Arabia surged to a 27-year high of 8.7 percent in February as the world's largest oil exporter and its Gulf Arab neighbours lowered interest rates to defend pegs to a tumbling US dollar.
Published 24 Mar, 2008 12:00am
India woos Africa for resources and influence

India woos Africa for resources and influence

India is wooing oil and mineral-rich Africa, seeking to match the clout enjoyed by China, as it seeks to fuel its energy-hungry economy and boost its global profile, analysts say.
Published 24 Mar, 2008 12:00am
New elections unlikely to solve Kuwait's problems

New elections unlikely to solve Kuwait's problems

Kuwait's ruler may have defused a political crisis in the Opec exporter by dissolving parliament but some analysts say the next assembly and cabinet are no more likely to agree on much-needed economic reforms than the last.
Published 24 Mar, 2008 12:00am
'Green' cars boost Thai auto industry

'Green' cars boost Thai auto industry

Incentives from the Thai government to encourage automakers to produce fuel-efficient "eco-cars" have yielded a raft of major investments and started to change how Thais drive, experts say.
Published 24 Mar, 2008 12:00am
Opec chief sees oil at $80-$110 for rest of 2008

Opec chief sees oil at $80-$110 for rest of 2008

Petroleum prices will range between $80 and $110 per barrel for the rest of 2008, Opec President Chakib Khelil said on Saturday. Khelil, who is also Algerian energy and mines minister, told Algerian television Opec was under "big pressures" from consuming
Published 24 Mar, 2008 12:00am
Cloned cells treat Parkinson's in mice

Cloned cells treat Parkinson's in mice

Researchers who used cloned embryonic stem cells to treat Parkinson's disease in mice said on Sunday they worked better than other cells. The researchers were trying to prove that it is possible to make embryonic stem cells using cloning technology and us
Published 24 Mar, 2008 12:00am
Long road ahead before peace between Taiwan and China

Long road ahead before peace between Taiwan and China

An end to the more than half a century of hostility and tension between Taiwan and China may be in the offing with the election of a more China-friendly president for the island, but progress will be slow and tortuous.
Published 24 Mar, 2008 12:00am
Sudan rejects UN accusations on Darfur

Sudan rejects UN accusations on Darfur

The Sudanese army on Sunday condemned as biased a recent UN report accusing its soldiers of rape and extensive looting during offensives in western Darfur carried out with state-backed militias.
Published 24 Mar, 2008 12:00am
Egypt releases 33 Hamas members

Egypt releases 33 Hamas members

Egypt released 33 members of Hamas who had been detained after Palestinian militants breached the border in January, security sources said on Sunday. The men were held for possession of arms in Egypt, but subsequent investigations cleared them of "involve
Published 24 Mar, 2008 12:00am
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