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Print - 2008-04-29
Poor patients suffer for lack of funds with Pims

Poor patients suffer for lack of funds with Pims

Poor patients are in agony as they hardly get partial support from Pakistan Bait-ul-Maal and Zakat fund to purchase medicines, undergo diagnostic tests and continue their treatment. These patients, standing in long queues in front of Social Welfare Depart
Published 29 Apr, 2008 12:00am
SPSC (Amendment) Bill approved

SPSC (Amendment) Bill approved

Sindh Governor Dr Ishratul Ibad on Monday approved the Sindh Public Service Commission (Amendment) Bill as passed by the Sindh Assembly to further amend the Sindh Public Service Commission Act, 1989. This Act may be called the Sindh Public Service Commiss
Published 29 Apr, 2008 12:00am
NJLI Meesaq Fund Rates

NJLI Meesaq Fund Rates

New Jubilee Life Insurance Meesaq Fund Rates on Monday (April 28, 2008).

Published 29 Apr, 2008 12:00am
SPSC (Amendment) Bill approved

SPSC (Amendment) Bill approved

Sindh Governor Dr Ishratul Ibad on Monday approved the Sindh Public Service Commission (Amendment) Bill as passed by the Sindh Assembly to further amend the Sindh Public Service Commission Act, 1989. This Act may be called the Sindh Public Service Commiss
Published 29 Apr, 2008 12:00am
NJLI Meesaq Fund Rates

NJLI Meesaq Fund Rates

New Jubilee Life Insurance Meesaq Fund Rates on Monday (April 28, 2008).

Published 29 Apr, 2008 12:00am
'Healthy workforce enhances business productivity'

'Healthy workforce enhances business productivity'

Speakers at a seminar on "World Day for Safety & Health at Workplace" said that healthy workforce enhances business productivity and benefits enterprises and national economies by reducing the number of accidents and diseases and lowering the number of in
Published 29 Apr, 2008 12:00am
NJLI Meesaq Fund Rates

NJLI Meesaq Fund Rates

New Jubilee Life Insurance Meesaq Fund Rates on Monday (April 28, 2008).

Published 29 Apr, 2008 12:00am
Labour Day on May 1

Labour Day on May 1

Like other part of the world, the 'International Labour Day' will be observed across the country on Thursday (May 01). The origin of May Day was bound up with the struggle for the shorter workday - a demand of major political significance for the working
Published 29 Apr, 2008 12:00am
'Independent judiciary can ensure basic rights to citizens'

'Independent judiciary can ensure basic rights to citizens'

Pakistan Muslim League-N Finance Secretary Muhammad Pervaiz Malik has said peace, employment and justice are the basic rights of every Pakistani which can be ensured only by an independent judiciary. In his speech in a reception held in his honour on Mond
Published 29 Apr, 2008 12:00am
NBP hands over 50,000 CNG rickshaws to applicants

NBP hands over 50,000 CNG rickshaws to applicants

National Bank of Pakistan (NBP) has so far handed over about 50,000 environment friendly CNG rickshaws worth more than Rs 5.5 billion to applicants all over Pakistan under its Rozgar Scheme. This was stated by the Group Chief Consumer Banking NBP Aamir Si
Published 29 Apr, 2008 12:00am
Corporate Results: DuPont sales up by 34 percent in 2007

Corporate Results: DuPont sales up by 34 percent in 2007

DuPont in Pakistan has achieved 34 percent growth in sales during the year 2007 and first quarter of 2008 has also shown positive results, reflecting DuPont excellent performance in the entire region.
Published 29 Apr, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (April 28, 2008).

Published 29 Apr, 2008 12:00am
Corporate Results: DuPont sales up by 34 percent in 2007

Corporate Results: DuPont sales up by 34 percent in 2007

DuPont in Pakistan has achieved 34 percent growth in sales during the year 2007 and first quarter of 2008 has also shown positive results, reflecting DuPont excellent performance in the entire region.
Published 29 Apr, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (April 28, 2008).

Published 29 Apr, 2008 12:00am
Corporate Results: MCB AMC declares three Funds result

Corporate Results: MCB AMC declares three Funds result

The MCB Asset Management Company Limited (MCB AMC), currently managing over Rs 18.5 billion under three funds, has announced the results of MCB Dynamic Cash Fund, MCB Dynamic Stock Fund, and the MCB Dynamic Allocation Fund for the period ended March 31, 2
Published 29 Apr, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (April 28, 2008).

Published 29 Apr, 2008 12:00am
Corporate Results: MCB AMC declares three Funds result

Corporate Results: MCB AMC declares three Funds result

The MCB Asset Management Company Limited (MCB AMC), currently managing over Rs 18.5 billion under three funds, has announced the results of MCB Dynamic Cash Fund, MCB Dynamic Stock Fund, and the MCB Dynamic Allocation Fund for the period ended March 31, 2
Published 29 Apr, 2008 12:00am
Corporate Results: KESC loss rises to Rs 9.905 billion

Corporate Results: KESC loss rises to Rs 9.905 billion

The net loss of Karachi Electric Supply Company Limited (KESC) has increased to Rs 9.905 billion in the quarter ended March 31, 2008 as compared to Rs 8.258 billion in the corresponding quarter last year. The company's loss per share stood at Rs 0.75 in t
Published 29 Apr, 2008 12:00am
Corporate Results: bank Al-Falah profit increases to Rs 997.718 million

Corporate Results: bank Al-Falah profit increases to Rs 997.718 million

The profit after tax of Bank Al-Falah Limited has increased to Rs 997.718 million in the quarter ended March 31, 2008 as compared to Rs 661.534 million earned in the corresponding period in 2007. The board of directors of the bank in its meeting declared
Published 29 Apr, 2008 12:00am
Corporate Results: bank Al-Falah profit increases to Rs 997.718 million

Corporate Results: bank Al-Falah profit increases to Rs 997.718 million

The profit after tax of Bank Al-Falah Limited has increased to Rs 997.718 million in the quarter ended March 31, 2008 as compared to Rs 661.534 million earned in the corresponding period in 2007. The board of directors of the bank in its meeting declared
Published 29 Apr, 2008 12:00am
LHC hands over minor to mother

LHC hands over minor to mother

The Lahore High Court handed over a child named Zaeem to her mother Dr Shazia when the Model Town Superintendent produced him to the court with his father Amir Farhan. The court also ordered the police to recover Dr Shahzia's documents and bring her to th
Published 29 Apr, 2008 12:00am
World currencies and euro

World currencies and euro

Value of the euro in terms of other world currencies as prevailing in the week ended Monday (April 28, 2008).
Published 29 Apr, 2008 12:00am
6,000 flour bags shortfall being managed through USC

6,000 flour bags shortfall being managed through USC

The Chief Commissioner of Islamabad, Hamid Ali Khan, on Monday said there is no shortage of atta in Islamabad at present and sufficient quantity is available in the market. He stated this during his surprise visit to various markets to review arrangements
Published 29 Apr, 2008 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Monday (April 28, 2008).

Published 29 Apr, 2008 12:00am
Naveed to address Dubai forum today

Naveed to address Dubai forum today

Syed Naveed Qamar Federal Minister for Privatisation, Investment, Ports, Shipping, Industries and Production has arrived in Dubai to deliver his keynote address at Middle East-Pakistan Agriculture and Dairy Forum tomorrow (Tuesday) April 29, 2008.
Published 29 Apr, 2008 12:00am
Investigations into Mardan blast enter crucial phase: DIG

Investigations into Mardan blast enter crucial phase: DIG

The DIG Mardan Region, Syed Akhtar Ali Shah, said on Monday that investigations into Mardan car bomb blast have entered crucial phase and the police are close to arrest the real culprits involved in the incident.
Published 29 Apr, 2008 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (April 28, 2008).

Published 29 Apr, 2008 12:00am
Two small tanker-cum-utility ships to be built by next year

Two small tanker-cum-utility ships to be built by next year

A simple but impressive Keel Laying ceremony for the second Small Tanker Cum Utility Ship (STUS) was held at Karachi Shipyard and Engineering Works (KSEW) on Monday. Minister for Defence Production Rana Tanveer Hussain was the chief guest on the occasion.
Published 29 Apr, 2008 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (April 28, 2008).
Published 29 Apr, 2008 12:00am
Rail track blown up

Rail track blown up

Unknown miscreants blew up a railway track between Sariab and Spezand suspending train service between Quetta and other parts of the country, Railways officials told newsmen on Monday. According to reports, the explosives were strapped with the railway tr
Published 29 Apr, 2008 12:00am
Lal Masjid case: Maulana Aziz's bail plea admitted

Lal Masjid case: Maulana Aziz's bail plea admitted

The divisional bench of Islamabad High Court Monday admitted bail application of former Khateeb of Lal Masjid Maulana Abdul Aziz in four different cases. The bench, comprising the Chief Justice Sardar Muhammad Aslam and Justice Raja Saeed Akram. Maulana A
Published 29 Apr, 2008 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Monday (April 28, 2008).

Published 29 Apr, 2008 12:00am
Counter-act natural disasters: scientists urged to devise policies

Counter-act natural disasters: scientists urged to devise policies

There is a dire need to incorporate the emerging disciplines such as genomics, proteomics, bioinformatics, and nano-biology etc in the curriculum of all the Botany departments of the country so that well trained and galvanised manpower could be provided t
Published 29 Apr, 2008 12:00am
416 outlaws arrested

416 outlaws arrested

Police arrested 416 outlaws in April 27 and 28 midnight and seized a huge cache of arms, looted property and narcotics. The criminals included 114 proclaimed offender and 110 court absconders.
Published 29 Apr, 2008 12:00am
Promotion of education, health care top priority of government: Owais

Promotion of education, health care top priority of government: Owais

NWFP Governor Owais Ahmed Ghani has said that promotion of education and improvement of health care facilities in Fata are the top priorities of the government in its efforts to improve the quality of life of the people. He said that in this connection su
Published 29 Apr, 2008 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Monday (April 28, 2008).

Published 29 Apr, 2008 12:00am
Gold prices surge

Gold prices surge

Gold prices in the local market on Monday closed at Rs 19,114 per 10 grams and Rs 22,300 per tola, while its world price was $893.50 an ounce, traders said. Price of the precious metal surged by Rs 214 per 10 grams from the Saturday price of Rs 18,900. Wh
Published 29 Apr, 2008 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Monday (April 28, 2008).

Published 29 Apr, 2008 12:00am
Five children of a family burnt alive

Five children of a family burnt alive

Five children of a family including three girls died when their house caught fire in Sarki Gate, a thinly populated locality of Peshawar City on Monday morning. Those died in the incident included, Naila 10, Tahira 7, Ayesha 5, Nauman 2 and Usman one year
Published 29 Apr, 2008 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Monday (April 28, 2008).

Published 29 Apr, 2008 12:00am
KESC denies increase in tariff

KESC denies increase in tariff

Karachi Electric Supply Corporation (KESC) has denied a news report about the increase of 15 percent in its electric rates for consumers. A KESC source said here on Monday that the corporation did not increase its electricity tariff and the news report is
Published 29 Apr, 2008 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm
Published 29 Apr, 2008 12:00am
Fire at Sindh health department

Fire at Sindh health department

The Sindh's health department was gutted in fire that broke out at about 20:00 hours on Monday. Imtiaz, Fire Station Officer, Saddar told Business Recorder that fire department was informed by a caller at 8:20 pm that fire broke out at the 6th floo
Published 29 Apr, 2008 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 29 Apr, 2008 12:00am
Rs one billion allocated for Fata forests development

Rs one billion allocated for Fata forests development

The government has allocated one billion rupees for the development of the forests in Federally Administered Tribal Areas (Fata). Federal Minister for Environment, Hameedullah Jan Afridi on Monday announced this while chairing a high level meeting with a
Published 29 Apr, 2008 12:00am
Restoration of judges: PPP and PML-N dialogue ended in Dubai

Restoration of judges: PPP and PML-N dialogue ended in Dubai

Talks between Pakistan People's Party and Pakistan Muslim League-N to discuss reinstatement of deposed judges were concluded in Dubai residence of PPP Co-chairman Asif Ali Zardari on Monday. According to private TV channel the decision is still awaited.
Published 29 Apr, 2008 12:00am
Salman made new foreign affairs secretary

Salman made new foreign affairs secretary

Salman Bashir, a BS-22 officer of Foreign Service of Pakistan, presently Ambassador of Pakistan in Beijing, Peoples Republic of China, is transferred and posted as Secretary, Foreign Affairs Division, with immediate effect and until further orders, says a
Published 29 Apr, 2008 12:00am
CIF Gulf corn, soya steady

CIF Gulf corn, soya steady

US Gulf CIF corn and soyabean basis bids held steady on Monday amid slow farmer selling as producers waited for a break in wet weather to plant corn, traders said. Flooding from recent rains was expected to close several locks on the upper Mississippi Riv
Published 29 Apr, 2008 12:00am
Patchy rain forecast for Brazil's coffee zones

Patchy rain forecast for Brazil's coffee zones

Rains will be varied across Brazil's main coffee zones in the coming days following dry weather in many parts last week, private weather service Somar forecast on Monday. No rain fell in the last three days in the main coffee-producing state Minas Gerais,
Published 29 Apr, 2008 12:00am
SBP clarifies

SBP clarifies

State Bank of Pakistan (SBP), clarifying a press report about written off loans, on Monday said the SBP report submitted to the Supreme Court of Pakistan contained details of written-off loans under BPD Circular No 29 of 2002, only from the year 2003 onwa
Published 29 Apr, 2008 12:00am
Oil cake market rates

Oil cake market rates

Slight changes were seen on the forward cottonseed oilcake market in process of trading, dealers said.The May vaida commenced unchanged at Rs 781.00 and that proved to be day's best and market closed at the same level. In process of trading, it lost Re.1
Published 29 Apr, 2008 12:00am
Spot rate up by Rs 25 amid rising trend on cotton market

Spot rate up by Rs 25 amid rising trend on cotton market

Higher trend was witnessed on the cotton market on Monday as mills were trying to cover the forward buying amid rising fears about the decline in the textile items export, they said. The Karachi Cotton Association (KCA) official spot rate was up by Rs 25
Published 29 Apr, 2008 12:00am
War on terror: cooperation with US to continue: Qureshi

War on terror: cooperation with US to continue: Qureshi

Pakistan's new government on Monday said it would continue to cooperate with the United States in war on terror in the larger national interest. Foreign Minister Shah Mehmood Qureshi, however, made it clear that only Pakistani forces have the right to car
Published 29 Apr, 2008 12:00am
Safdar posted as DG Information Department

Safdar posted as DG Information Department

Sindh government on Monday transferred EDO Community Development Sukkur, Syed Safdar Ali Shah, an officer of Information and Archives department (BS-19) and posted him as Director General Information and Archives Department. He replaces Ishrat Ali Siddiqi
Published 29 Apr, 2008 12:00am
Rice prices sharply higher on grain market

Rice prices sharply higher on grain market

Rice prices were sharply higher on the grain market on Monday as buyers were trying to purchase the same as much as they can store, dealers said. On the rice sector, Irri-9 Sindh low type rose by Rs 600 to Rs 5400-5500, Irri-6 Sindh quoted higher at Rs 40
Published 29 Apr, 2008 12:00am
JWP seeks end to army operation in Balochistan

JWP seeks end to army operation in Balochistan

The sole senator of Jamhoori Wattan Party (JWP), Aga Shahid Hassan Bugti has asked Prime Minister Yousuf Raza Gilani to make a clear cut announcement for ending the military operation in Balochistan. Senator Bugti demanded this on the floor of Senate on M
Published 29 Apr, 2008 12:00am
US Plains HRW wheat bids holding steady

US Plains HRW wheat bids holding steady

US Plains hard red winter wheat basis values were holding steady on Monday, with mill demand underpinning values. Wet and cool weather in the US Plains was slowing crop development. Frost warnings for Monday night posed concerns, though no significant dam
Published 29 Apr, 2008 12:00am
PML-Q responsible for illegal acts of November 3, says Rabbani

PML-Q responsible for illegal acts of November 3, says Rabbani

Leader of the House in Senate Mian Raza Rabbani has said that Pakistan Muslim League-Q (PML-Q) misused the National Assembly forum by passing the shameful resolution endorsing President Pervez Musharraf's unconstitutional acts of November 3.
Published 29 Apr, 2008 12:00am
Food price hikes fuel anti-ethanol moves in US

Food price hikes fuel anti-ethanol moves in US

Missouri is considering rolling back a mandate supporting ethanol production amid growing outrage over rising prices for food and livestock feed. It was less than four months ago that ethanol supporters were celebrating the implementation of a Missouri la
Published 29 Apr, 2008 12:00am
MSF students kicked out of college

MSF students kicked out of college

Dozens of armed men on Monday tried to take over the Govt MAO College by kicking out a student group backed by the PML-Q. Up to 40-armed men entered the college early on Monday morning and occupied buildings to kick out the PML-supported student group. Th
Published 29 Apr, 2008 12:00am
US Midwest corn higher, soyabeans steady

US Midwest corn higher, soyabeans steady

Spot basis bids for corn in the US Midwest were mostly steady to higher on Monday amid slow farmer selling, while soyabeans held mostly steady, grain dealers said. River basis bids were higher for corn and soyabeans amid exporter demand.
Published 29 Apr, 2008 12:00am
No record of 35 million SIMs with Nadra: senator Talha

No record of 35 million SIMs with Nadra: senator Talha

Cellular companies and Pakistan Telecommunication Authority (PTA) will be asked to appear before the Senate Standing Committee to explain their refusal to submit audit report of their operation.
Published 29 Apr, 2008 12:00am
China's Baosteel first quarter net profit rises

China's Baosteel first quarter net profit rises

China's Baoshan Iron and Steel Co reported on Monday a 16 percent rise in first-quarter earnings, beating analysts' forecasts, after climbing steel prices offset a surge in raw material costs. Baosteel, which competes with Japan's Nippon Steel Corp and So
Published 29 Apr, 2008 12:00am
Sindh cabinet's meeting today

Sindh cabinet's meeting today

Sindh Chief Minister, Syed Qaim Ali Shah will preside over a meeting of the Provincial Cabinet on April 29, says a press release. The meeting will be held at the 7th Floor, New Sindh Secretariat Building No 1, Karachi at 11.00 am.
Published 29 Apr, 2008 12:00am
China's Baosteel first quarter net profit rises

China's Baosteel first quarter net profit rises

China's Baoshan Iron and Steel Co reported on Monday a 16 percent rise in first-quarter earnings, beating analysts' forecasts, after climbing steel prices offset a surge in raw material costs. Baosteel, which competes with Japan's Nippon Steel Corp and So
Published 29 Apr, 2008 12:00am
Transfers and postings

Transfers and postings

The Federal Board of Revenue (FBR) has transferred and posted two senior officials of customs and excise group (BS-20) with immediate effect.
Published 29 Apr, 2008 12:00am
US milk mostly higher

US milk mostly higher

US milk futures prices were mostly higher in thin trade on the Chicago Mercantile Exchange's electronic platform early Monday as sharply higher corn prices were seen possibly curbing milk output in the months ahead, traders said.
Published 29 Apr, 2008 12:00am
Musharraf says ready to cooperate with government

Musharraf says ready to cooperate with government

President Pervez Musharraf has said that parliament elected him for five years and he will perform his responsibilities according to the Constitution and is ready to cooperate with the new government. He stated this during his meeting with delegation of t
Published 29 Apr, 2008 12:00am
Chilean strike shores up copper market

Chilean strike shores up copper market

Copper prices rose on Monday as the market focused on a strike in Chile, but analysts said a higher dollar would cap gains ahead of a decision on US interest rates. The industrial metal, widely used in the power and construction industries, was trading ar
Published 29 Apr, 2008 12:00am
CDA violates establishment division's circular

CDA violates establishment division's circular

The Capital Development Authority (CDA) has issued a notification contrary to the Establishment Division's recent circular for furnishing lists of people hired on contract or re-employed after retirement; source told Business Recorder here on Monda
Published 29 Apr, 2008 12:00am
Zambia copper output rises in first quarter of 2008

Zambia copper output rises in first quarter of 2008

Zambia's finished copper output rose 12 percent in the first quarter of 2008 over the same period last year to 128,913 tonnes, despite flooding at some major mines, the central bank said on Monday. Bank of Zambia (BoZ) Governor Caleb Fundanga said cobalt
Published 29 Apr, 2008 12:00am
New Chief Controller of KBCA

New Chief Controller of KBCA

Maznoor Kadir, a senior Controller of Karachi Building Control Authority, took over as new Chief Controller of KBCA. To a warm welcome from KBCA officials and staff, the new CCOB while addressing them in the conference room, called for collective efforts
Published 29 Apr, 2008 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 129,352 tonnes cargo including 89,814 tonnes import, 39,538 tonnes export cargo and 4,710 containers (TEUs) during last 24 hours ending at 0700 hours on Monday. The cargoes comprised of 92,943 tonnes dry cargo including 61,395 ton
Published 29 Apr, 2008 12:00am
Safe attends Saarc's colloquium

Safe attends Saarc's colloquium

The South Asian Federation of Exchanges (Safe) attended a colloquium organised by the South Asian Association for Regional Co-operation (Saarc) on the management of stock exchange systems and regulation of securities markets in the region.
Published 29 Apr, 2008 12:00am
Shanghai, LME copper up

Shanghai, LME copper up

Shanghai copper jumped 1.6 percent on Monday, while London futures rose nearly 1 percent, lifted by a strike in Chile and a bullish technical performance on the London Metal Exchange in the previous session. The July copper contract, the most active on th
Published 29 Apr, 2008 12:00am
USAID team visits Smeda's women centre

USAID team visits Smeda's women centre

A USAID team headed by Economic Growth Office Director Amy Meyer visited Smeda's Women Business Incubation Centre. Smeda General Manager Muhammad Jamil Afaqi and senior officials of Smeda gave a detailed presentation on the centre's activities and discuss
Published 29 Apr, 2008 12:00am
Gold sustains gains

Gold sustains gains

Gold rose on Monday after oil powered to another record high above $119 a barrel, but investors may be careful about taking large position ahead of this week's meeting on interest rates by the Federal Reserve. Gold has lost more than 13 percent in value s
Published 29 Apr, 2008 12:00am
Punjab chief secretary made BoP chairman

Punjab chief secretary made BoP chairman

The Punjab government has appointed Punjab Chief Secretary Javed Mahmood as the chairman of Bank of Punjab (BoP) and its new board of directors. A BoP spokesman said those named directors were Punjab Chief Secretary Javed Mahmood, Punjab Finance Secretary
Published 29 Apr, 2008 12:00am