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Print - 2008-03-31
EU rejects anti-Islamic film

EU rejects anti-Islamic film

The foreign ministers of the European Union (EU) countries have rejected a new film with anti-Islamic statement. 27 EU foreign ministers, after the two-day meeting have rejected the central idea of the film believed that majority of the Muslims is against
Published 31 Mar, 2008 12:00am
Three killed in accident

Three killed in accident

Three people were reported to be killed when their car fell into a `nullah' in Korangi Industrial during the small hours of Sunday, police and Edhi Ambulance Service officials said. The officials informed the press that the speedy car, while trying to tur
Published 31 Mar, 2008 12:00am
Gulistan-e-Jauhar needs more bus routes

Gulistan-e-Jauhar needs more bus routes

Gulistan-e-Jauhar, on of the fastest sprawling localities of Karachi, is being badly ignored by the transport authorities regarding provision of more bus routes to cater the needs of its hundreds of thousands commuters.
Published 31 Mar, 2008 12:00am
Kashmiri martyrs' mission to be realised: JKLF

Kashmiri martyrs' mission to be realised: JKLF

In occupied Kashmir, the Chairman of Jammu and Kashmir Liberation Front, Mohammad Yasin Malik has reiterated that sacred blood of Kashmiri martyrs will not be allowed to go waste and their mission will be realised at all costs.
Published 31 Mar, 2008 12:00am
APHC welcomes Gilani's statement on Kashmir

APHC welcomes Gilani's statement on Kashmir

All Parties Hurriyat Conference (APHC) while terming the statement of Prime Minister, Syed Yousuf Raza Gilani in National Assembly on Kashmir as realistic and positive asked the Indian government to show positive attitude to resolve the Kashmir issue.
Published 31 Mar, 2008 12:00am
Gulf states investing immensely in hotel and tourism projects

Gulf states investing immensely in hotel and tourism projects

The Gulf states are currently investing around $90 billion in hotel and tourism projects with the United Arab Emirates (UAE) accounting for 85 percent of the tourism developments in the Gulf region that are scheduled to be completed by 2018- an investment
Published 31 Mar, 2008 12:00am
Ericsson gets $300 million Warid Telecom Pakistan deal

Ericsson gets $300 million Warid Telecom Pakistan deal

Abu Dhabi-based Warid Telecom said on Sunday it awarded a $300 million contract to Sweden's Ericcson to expand its network in Pakistan. Telecom equipment maker Ericsson said on Tuesday it had won the order to expand and upgrade the GSM/GPRS network of War
Published 31 Mar, 2008 12:00am
PPP finalises names of NWFP cabinet ministers

PPP finalises names of NWFP cabinet ministers

Pakistan People's Party (PPP) has finalised the names of their NWFP cabinet ministers and their portfolios. A private TV channel reported that the PPP co-chairman, Asif Ali Zardari and the provincial leadership held a crucial meeting on Saturday night, wh
Published 31 Mar, 2008 12:00am
Anti-encroachment drive

Anti-encroachment drive

The Municipal Administration, Liaquatabad Town has ensured removal of encroachments in the town with the help of the City Government, said Liaquatabad Nazim Osama Qadri. He said that a 50-member community police team has recently been deployed in the town
Published 31 Mar, 2008 12:00am
Milk sellers fined for overcharging

Milk sellers fined for overcharging

The magistrates of Revenue Department of the City District Government Karachi (CDGK) has imposed fines equal to Rs 991,700 on 379 milk sellers for overcharging during raids in all 18 towns of the city while 68 profiteers were sent to jail. The action came
Published 31 Mar, 2008 12:00am
Impeachment proceedings if Musharraf does not quit: Hashmi

Impeachment proceedings if Musharraf does not quit: Hashmi

Central leader of Pakistan Muslim League (N) Makhdoom Javed Hashmi has said the impeachment motion would be tabled in the House if Pervez Musharraf does not quit the power. He stated this while talking to journalists delegation along with PML-N provincial
Published 31 Mar, 2008 12:00am
Rabbani named leader of the house in Senate

Rabbani named leader of the house in Senate

Prime Minister Yousuf Raza Gilani on Sunday appointed Senator Raza Rabbani, leader of the House in the Senate. Earlier, Senator Raza Rabbani of PPP was serving as Leader of the Opposition during the previous government and Senator Waseem Sajjad was the le
Published 31 Mar, 2008 12:00am
Prime Minister's agenda difficult but not impossible: Zardari

Prime Minister's agenda difficult but not impossible: Zardari

Co-chairperson of Pakistan People's Party Asif Ali Zardari has said that the agenda of Prime Minister Syed Yousuf Raza Gilani is difficult but not impossible. In an interview with the BBC he said that PPP believes in masses' services.
Published 31 Mar, 2008 12:00am
Restoration of judges: issue not as big as being portrayed, says Zardari

Restoration of judges: issue not as big as being portrayed, says Zardari

"Democracy is the best revenge, and it is at work in the country," said Asif Ali Zardari, co-chairperson of PPPP, while addressing a press conference along with Nawaz Sharif, at the latter's residence in Raiwind on Sunday. About the killing of Benazir Bhu
Published 31 Mar, 2008 12:00am
Restoration of judges: issue not as big as being portrayed, says Zardari

Restoration of judges: issue not as big as being portrayed, says Zardari

"Democracy is the best revenge, and it is at work in the country," said Asif Ali Zardari, co-chairperson of PPPP, while addressing a press conference along with Nawaz Sharif, at the latter's residence in Raiwind on Sunday. About the killing of Benazir Bhu
Published 31 Mar, 2008 12:00am
Consumers facing hardship due to lack of CNG stations

Consumers facing hardship due to lack of CNG stations

People in Quetta are facing great difficulties due to lack of Compressed Natural Gas (CNG) stations. Vehicles are seen queued in a total of three CNG stations functioning in the city. These long waits add anguish to CNG consumers' life as they have to wai
Published 31 Mar, 2008 12:00am
History in offing as ANP to get NWFP chief minister slot

History in offing as ANP to get NWFP chief minister slot

History is in the offing when Amir Haider Khan Hoti, a joint candidate of ANP and PPPP for the slot of NWFP Chief Minister is likely to be elected unopposed as the opposition parties have decided not to field their candidate against the coalition partners
Published 31 Mar, 2008 12:00am
NWFP to elect leader of the house

NWFP to elect leader of the house

The north-west Frontier Province assembly will meet here on Monday to elect the leader of the house. The Speaker, Karamatullah Khan Chagharmatti would conduct the proceedings.
Published 31 Mar, 2008 12:00am
Cabinet to take oath today

Cabinet to take oath today

The new federal cabinet will take oath in a special ceremony at Aiwan-e-Sadar on Monday. President Pervez Musharraf will administer the oath to cabinet members. The PPP-led coalition has finalised the names of cabinet members.
Published 31 Mar, 2008 12:00am
Cabinet to take oath today

Cabinet to take oath today

The new federal cabinet will take oath in a special ceremony at Aiwan-e-Sadar on Monday. President Pervez Musharraf will administer the oath to cabinet members. The PPP-led coalition has finalised the names of cabinet members.
Published 31 Mar, 2008 12:00am
Fehmida wants Speaker's Chamber back

Fehmida wants Speaker's Chamber back

Speaker Fehmida Mirza has asked the Presidency for return of Speaker's Chamber, above her second floor office, adjacent to the Assembly Hall, on the fourth floor of the Parliament building, this scribe learnt on Sunday.
Published 31 Mar, 2008 12:00am
Prime Minister meets prospective Cabinet members

Prime Minister meets prospective Cabinet members

Prime Minister Syed Yousuf Raza Gilani on Sunday said that in order to provide immediate relief to common man every member of the forthcoming Cabinet would be required to closely adhere to the 100-day programme of the government.
Published 31 Mar, 2008 12:00am
Democrats face summer of bitter fighting

Democrats face summer of bitter fighting

Supporters of Barack Obama backed away on Sunday from calls for Hillary Clinton to drop out of the presidential race as Democrats faced a long summer of bitter fighting to win the party's White House nomination.
Published 31 Mar, 2008 12:00am
New gene clues to diabetes, colo-rectal cancer

New gene clues to diabetes, colo-rectal cancer

Researchers have uncovered new genetic clues for diabetes and cancer of the colon and rectum, according to papers published on Sunday in the journal Nature Genetics.
Published 31 Mar, 2008 12:00am
New gene clues to diabetes, colo-rectal cancer

New gene clues to diabetes, colo-rectal cancer

Researchers have uncovered new genetic clues for diabetes and cancer of the colon and rectum, according to papers published on Sunday in the journal Nature Genetics.
Published 31 Mar, 2008 12:00am
Prime Minister telephones Justice Ramday

Prime Minister telephones Justice Ramday

Prime Minister, Yousuf Raza Gilani on Sunday telephoned Justice Khalil-ur-Rehman Ramday and expressed his apologies over the last night's incident of ransacking of his residence in the judges colony. The Prime Minister said the action was taken without gi
Published 31 Mar, 2008 12:00am
Prime Minister telephones Justice Ramday

Prime Minister telephones Justice Ramday

Prime Minister, Yousuf Raza Gilani on Sunday telephoned Justice Khalil-ur-Rehman Ramday and expressed his apologies over the last night's incident of ransacking of his residence in the judges colony. The Prime Minister said the action was taken without gi
Published 31 Mar, 2008 12:00am
Country needs political stability, economic development: President

Country needs political stability, economic development: President

President Pervez Musharraf said Sunday that he would like to extend his co-operation to the government at the centre and in the provinces with a single objective in mind - the progress and development of the country and welfare and well-being of its peopl
Published 31 Mar, 2008 12:00am
Al Qaeda recruiting 'western' fighters: CIA

Al Qaeda recruiting 'western' fighters: CIA

Al Qaeda is training fighters that "look western" and could easily cross US borders without attracting attention, CIA Director Michael Hayden said on Sunday. The militant group has turned Pakistan's remote tribal areas along the border with Afghanistan in
Published 31 Mar, 2008 12:00am
Al Qaeda recruiting 'western' fighters: CIA

Al Qaeda recruiting 'western' fighters: CIA

Al Qaeda is training fighters that "look western" and could easily cross US borders without attracting attention, CIA Director Michael Hayden said on Sunday. The militant group has turned Pakistan's remote tribal areas along the border with Afghanistan in
Published 31 Mar, 2008 12:00am
22 percent decline in textile machinery imports

22 percent decline in textile machinery imports

Textile machinery imports declined by 22 percent in eight months of the current financial year as industrialists did not find textile sector attractive for further investment, industry sources told Business Recorder here on Sunday.
Published 31 Mar, 2008 12:00am
22 percent decline in textile machinery imports

22 percent decline in textile machinery imports

Textile machinery imports declined by 22 percent in eight months of the current financial year as industrialists did not find textile sector attractive for further investment, industry sources told Business Recorder here on Sunday.
Published 31 Mar, 2008 12:00am
22 percent decline in textile machinery imports

22 percent decline in textile machinery imports

Textile machinery imports declined by 22 percent in eight months of the current financial year as industrialists did not find textile sector attractive for further investment, industry sources told Business Recorder here on Sunday.
Published 31 Mar, 2008 12:00am
US prepares to give Fed sweeping new oversight

US prepares to give Fed sweeping new oversight

The US government is set Monday to propose sweeping new oversight powers to the Federal Reserve, including tighter surveillance of financial markets in a bid to avoid calamities like the current "subprime" lending crisis.
Published 31 Mar, 2008 12:00am
US prepares to give Fed sweeping new oversight

US prepares to give Fed sweeping new oversight

The US government is set Monday to propose sweeping new oversight powers to the Federal Reserve, including tighter surveillance of financial markets in a bid to avoid calamities like the current "subprime" lending crisis.
Published 31 Mar, 2008 12:00am
US prepares to give Fed sweeping new oversight

US prepares to give Fed sweeping new oversight

The US government is set Monday to propose sweeping new oversight powers to the Federal Reserve, including tighter surveillance of financial markets in a bid to avoid calamities like the current "subprime" lending crisis.
Published 31 Mar, 2008 12:00am
US jittery over Pakistani terror efforts: analysts

US jittery over Pakistani terror efforts: analysts

New Prime Minister Yousuf Raza Gilani has vowed to tackle al Qaeda and the Taliban, but the United States will remain nervous about the commitment of this frontline state in the 'war on terror', analysts say. With the power of stalwart US ally President P
Published 31 Mar, 2008 12:00am
Gas pipeline blown up in Sui

Gas pipeline blown up in Sui

Some unknown saboteurs blew off 20-inch diameter gas pipeline in Sui area on Sunday. A private channel reported that the unknown saboteurs carried out this explosion at the Loti area of Sui, which had suspended gas supply to Loti Gas Field, however, the g
Published 31 Mar, 2008 12:00am
Gas pipeline blown up in Sui

Gas pipeline blown up in Sui

Some unknown saboteurs blew off 20-inch diameter gas pipeline in Sui area on Sunday. A private channel reported that the unknown saboteurs carried out this explosion at the Loti area of Sui, which had suspended gas supply to Loti Gas Field, however, the g
Published 31 Mar, 2008 12:00am
ADB experts say sound industrial policy is imperative

ADB experts say sound industrial policy is imperative

Sound industrial policy as a central part of Pakistan's Development Strategy is imperative to increase the share of manufacturing sector's output in GDP from about 16 percent to about 25 percent and share of manufacturing employment from 13 percent to abo
Published 31 Mar, 2008 12:00am
FBR directs officials to hold 'Open Houses'

FBR directs officials to hold 'Open Houses'

The Federal Board of Revenue has directed all its DGs and Collectors to organise the "Open Houses" once in a week at their respective offices to interact with the taxpayers. Sources informed Business Recorder here Saturday that the directives in th
Published 31 Mar, 2008 12:00am
Uneasy calm returns to protest-hit China

Uneasy calm returns to protest-hit China

A tense calm had returned to a protest-hit part of western China by Sunday, but a heavy police presence, burned out buildings and a deep rift between ethnic Tibetans and Han Chinese remained.
Published 31 Mar, 2008 12:00am
Wen offers peace talks to Taiwan

Wen offers peace talks to Taiwan

Chinese Premier Wen Jiabao made a more concrete offer of peace on Sunday to Taiwan, saying Beijing was willing to discuss direct transport links with the island under the "one-China" principle.
Published 31 Mar, 2008 12:00am
Mixed trend on LSE

Mixed trend on LSE

The share market painted a mixed picture and finally ended up marginally since investors awaited the formation of new government and the announcement of the Prime Minister's package for the next 100 days after winning the unanimous vote of confidence from
Published 31 Mar, 2008 12:00am
Mixed trend on LSE

Mixed trend on LSE

The share market painted a mixed picture and finally ended up marginally since investors awaited the formation of new government and the announcement of the Prime Minister's package for the next 100 days after winning the unanimous vote of confidence from
Published 31 Mar, 2008 12:00am
Slight drop in CFS investment

Slight drop in CFS investment

Investment under Continuous Funding System (CFS) at Karachi share market fell by Rs 0.22 billion (-0.41 percent) on week-on-week basis to Rs 54.39 billion. However, the CFS rate increased by 92 bps to close at 12.10 percent.
Published 31 Mar, 2008 12:00am
Slight drop in CFS investment

Slight drop in CFS investment

Investment under Continuous Funding System (CFS) at Karachi share market fell by Rs 0.22 billion (-0.41 percent) on week-on-week basis to Rs 54.39 billion. However, the CFS rate increased by 92 bps to close at 12.10 percent.
Published 31 Mar, 2008 12:00am
Slight drop in CFS investment

Slight drop in CFS investment

Investment under Continuous Funding System (CFS) at Karachi share market fell by Rs 0.22 billion (-0.41 percent) on week-on-week basis to Rs 54.39 billion. However, the CFS rate increased by 92 bps to close at 12.10 percent.
Published 31 Mar, 2008 12:00am
KSE index gains 274.35 points

KSE index gains 274.35 points

The KSE-100 index gained 274.35 points during week ended on March 29, 3008 to close at 15,268.22 points on the back of political stability and SECP decision to modify margining system for CFS Mk-II.
Published 31 Mar, 2008 12:00am
KSE index gains 274.35 points

KSE index gains 274.35 points

The KSE-100 index gained 274.35 points during week ended on March 29, 3008 to close at 15,268.22 points on the back of political stability and SECP decision to modify margining system for CFS Mk-II.
Published 31 Mar, 2008 12:00am
KSE index gains 274.35 points

KSE index gains 274.35 points

The KSE-100 index gained 274.35 points during week ended on March 29, 3008 to close at 15,268.22 points on the back of political stability and SECP decision to modify margining system for CFS Mk-II.
Published 31 Mar, 2008 12:00am
Chichoki Mallian: Gilani to sign accord for 525 megawatts plant

Chichoki Mallian: Gilani to sign accord for 525 megawatts plant

Prime Minister Yousuf Raza Gilani is all set to ink the first-ever power sector pact of his government with a Chinese company, Dong Fong, here on Monday (today) for setting up 525 MW thermal power plant with an investment of $450 million at Chichoki Malli
Published 31 Mar, 2008 12:00am
Chichoki Mallian: Gilani to sign accord for 525 megawatts plant

Chichoki Mallian: Gilani to sign accord for 525 megawatts plant

Prime Minister Yousuf Raza Gilani is all set to ink the first-ever power sector pact of his government with a Chinese company, Dong Fong, here on Monday (today) for setting up 525 MW thermal power plant with an investment of $450 million at Chichoki Malli
Published 31 Mar, 2008 12:00am
Chichoki Mallian: Gilani to sign accord for 525 megawatts plant

Chichoki Mallian: Gilani to sign accord for 525 megawatts plant

Prime Minister Yousuf Raza Gilani is all set to ink the first-ever power sector pact of his government with a Chinese company, Dong Fong, here on Monday (today) for setting up 525 MW thermal power plant with an investment of $450 million at Chichoki Malli
Published 31 Mar, 2008 12:00am
Cement industry''s contribution to GDP under-reported

Cement industry''s contribution to GDP under-reported

The overall contribution of manufacturing sector particularly cement industry to Gross Domestic Product (GDP) is under-reported due to non-availability of basic/vital statistics of cement units, regarding, production and capacity utilisation.
Published 31 Mar, 2008 12:00am
Cement industry's contribution to GDP under-reported

Cement industry's contribution to GDP under-reported

The overall contribution of manufacturing sector particularly cement industry to Gross Domestic Product (GDP) is under-reported due to non-availability of basic/vital statistics of cement units, regarding, production and capacity utilisation.
Published 31 Mar, 2008 12:00am
Cement industry's contribution to GDP under-reported

Cement industry's contribution to GDP under-reported

The overall contribution of manufacturing sector particularly cement industry to Gross Domestic Product (GDP) is under-reported due to non-availability of basic/vital statistics of cement units, regarding, production and capacity utilisation.
Published 31 Mar, 2008 12:00am
''Pakistan deprived of $500 million in basmati rice export''

''Pakistan deprived of $500 million in basmati rice export''

Pakistan has been deprived of a huge amount of $500 million from its basmati rice export alone in the July-February period of FY08, as the country got low unit price of this commodity against the average unit prices of basmati varieties earned by India, r
Published 31 Mar, 2008 12:00am
'Pakistan deprived of $500 million in basmati rice export'

'Pakistan deprived of $500 million in basmati rice export'

Pakistan has been deprived of a huge amount of $500 million from its basmati rice export alone in the July-February period of FY08, as the country got low unit price of this commodity against the average unit prices of basmati varieties earned by India, r
Published 31 Mar, 2008 12:00am
'Pakistan deprived of $500 million in basmati rice export'

'Pakistan deprived of $500 million in basmati rice export'

Pakistan has been deprived of a huge amount of $500 million from its basmati rice export alone in the July-February period of FY08, as the country got low unit price of this commodity against the average unit prices of basmati varieties earned by India, r
Published 31 Mar, 2008 12:00am
The Weather

The Weather

The weather report on Sunday (March 30, 2008) and the forecast for Monday (March 31, 2008).
Published 31 Mar, 2008 12:00am
Rupee under pressure

Rupee under pressure

The rupee remained under pressure against dollar during the week ended on March 29, 2008. In the interbank market, the rupee lost 48 paisa against dollar for buying and selling at 62.68 and 62.72. However, in open market, it gained slightly by five paisa
Published 31 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 24 to 29, 2008).

Published 31 Mar, 2008 12:00am
Rupee under pressure

Rupee under pressure

The rupee remained under pressure against dollar during the week ended on March 29, 2008. In the interbank market, the rupee lost 48 paisa against dollar for buying and selling at 62.68 and 62.72. However, in open market, it gained slightly by five paisa
Published 31 Mar, 2008 12:00am
Militants welcome talks offer by Prime Minister

Militants welcome talks offer by Prime Minister

Militants welcomed the offer by the new Prime Minister to hold talks with militants but urged Islamabad to abandon the US-led 'war on terror', the movement's spokesman said. "We welcome the announcement by the federal government to hold talks with Tehreek
Published 31 Mar, 2008 12:00am
Militants welcome talks offer by Prime Minister

Militants welcome talks offer by Prime Minister

Militants welcomed the offer by the new Prime Minister to hold talks with militants but urged Islamabad to abandon the US-led 'war on terror', the movement's spokesman said. "We welcome the announcement by the federal government to hold talks with Tehreek
Published 31 Mar, 2008 12:00am
Israel pledges to remove some West Bank roadblocks: US

Israel pledges to remove some West Bank roadblocks: US

Israel intends to remove about 50 roadblocks restricting Palestinian movement in the occupied West Bank, the US State Department said on Sunday during a visit by Secretary of State Condoleezza Rice.
Published 31 Mar, 2008 12:00am
Rs 1.9 billion shortfall in July-December SED collection

Rs 1.9 billion shortfall in July-December SED collection

The Federal Board of Revenue (FBR) has collected Rs 4.1 billion as Special Excise Duty (SED) during July-December (2007-2008) against half-yearly target of Rs 6 billion, reflecting a shortfall of Rs 1.9 billion.
Published 31 Mar, 2008 12:00am
Rs 1.9 billion shortfall in July-December SED collection

Rs 1.9 billion shortfall in July-December SED collection

The Federal Board of Revenue (FBR) has collected Rs 4.1 billion as Special Excise Duty (SED) during July-December (2007-2008) against half-yearly target of Rs 6 billion, reflecting a shortfall of Rs 1.9 billion.
Published 31 Mar, 2008 12:00am
KKI weekly market review

KKI weekly market review

Khanani & Kalia International (Pvt) Limited Weekly Market Review on Sunday (March 30, 2008).
Published 31 Mar, 2008 12:00am
Rs 1.9 billion shortfall in July-December SED collection

Rs 1.9 billion shortfall in July-December SED collection

The Federal Board of Revenue (FBR) has collected Rs 4.1 billion as Special Excise Duty (SED) during July-December (2007-2008) against half-yearly target of Rs 6 billion, reflecting a shortfall of Rs 1.9 billion.
Published 31 Mar, 2008 12:00am
Sitara Chemical placing of Rs 1500 Million to strengthen PVC industry

Sitara Chemical placing of Rs 1500 Million to strengthen PVC industry

Alhamdulillah, Sitara Chemical is going to sign privately placed Sukuk of Rs 1500 Million for our PVC project. This project will add to the manufacturing strength of quality PVC in the country besides employment generation. We have already privately place
Published 31 Mar, 2008 12:00am
Sitara Mall Future of Faisalabad City

Sitara Mall Future of Faisalabad City

Sitara Mall is a model of today's shopping concept. It consists of large branded stores having its principal entrance on the 200 feet wide main dual carriage way road between famous D-Ground Shopping Center and Satiana Road commercial area, providing ampl
Published 31 Mar, 2008 12:00am
Message from Chairman, Sitara Group

Message from Chairman, Sitara Group

All praises go to Almighty Allah who grants us success in our endeavours. It gives us great pleasure to sign financing agreements with Banks and Financial Institutions for PVC project. I bend my head to Almighty ALLAH, who has graciously given us opportun
Published 31 Mar, 2008 12:00am
Message from Chief Executive Sitara Developers Pvt Limited

Message from Chief Executive Sitara Developers Pvt Limited

By the Grace of Almighty, M/s Sitara Developers Pvt Ltd (SDPL) are proud to announce their world class commercial project Sitara Mall, situated at a prime commercial location in Faisalabad. It is ideally located in close proximity of D-Ground and Satiana
Published 31 Mar, 2008 12:00am
Message from Chairman, Sitara Group of Industries

Message from Chairman, Sitara Group of Industries

I really feel elevated today on the launching of Sitara Mall, the pioneering venture of the Sitara Developers (Pvt) Ltd (SDPL) in the real estate arena. This project is not just a structure of steel and cement, but again a symbol of our commitment towards
Published 31 Mar, 2008 12:00am
German watchdog eyes $600 billion global bank losses

German watchdog eyes $600 billion global bank losses

The financial market crisis could cause losses of up to $600 billion at banks and other financial institutions worldwide, a German magazine reported on Saturday, citing an internal report by German financial watchdog BaFin.
Published 31 Mar, 2008 12:00am
Indonesia, Japanese buyers agree on LNG price

Indonesia, Japanese buyers agree on LNG price

Indonesia and Japanese buyers have agreed on a price for the extension of liquefied natural gas (LNG) contracts which are due to expire in 2010 and 2011, an official of state oil and gas firm Pertamina said on Saturday.
Published 31 Mar, 2008 12:00am
Cycling: Mulder speeds to kilometre crown

Cycling: Mulder speeds to kilometre crown

Flying Dutchman Teun Mulder upset French hopes of gold to claim the kilometre crown here at the world track cycling championships Sunday. Mulder set a time of 1min 01.332sec for the four-lap race against the clock to claim the title ahead of French duo Mi
Published 31 Mar, 2008 12:00am
Olympic flame handed to China amid protests

Olympic flame handed to China amid protests

Greece handed the Olympic flame to China on Sunday amid unprecedented security measures after pro-Tibet protestors tried to disrupt ceremonies. A small group of pro-Tibet activists tried to stop the Olympic flame from reaching the Athens stadium where it
Published 31 Mar, 2008 12:00am
Kenya, Ghana and Nigeria top boxing qualifiers

Kenya, Ghana and Nigeria top boxing qualifiers

Kenya, Ghana and Nigeria qualified four boxers each for the Olympic Games at a tournament in Namibia while Morocco will be taking a total of 10 boxers to Beijing in August.
Published 31 Mar, 2008 12:00am
Federer off to winning start in Miami

Federer off to winning start in Miami

World number one Roger Federer shook off his surprising semi-final failure in Indian Wells last week to make a winning start on Sunday at the Miami ATP Masters Series. Federer, the top seed, beat unseeded Frenchman Gael Monfils 6-3, 6-4 to move into the t
Published 31 Mar, 2008 12:00am
No place for Shoaib and Asif in Pakistan one-day squad

No place for Shoaib and Asif in Pakistan one-day squad

Pakistan selectors have left senior fast bowlers Shoaib Akhtar and Muhammad Asif out of the squad for the first two one-day internationals against Bangladesh to be played next month.
Published 31 Mar, 2008 12:00am
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