Tragedy bares the undeniable nobility of human soul. It reduces distances between the people and brings them together. No doubt, the Asian tsunami disaster created massive waves of compassion all over the world. On Friday, a seriously frayed Senate sittin
The government on Friday backed out of its commitment in the Senate to allow a debate on the recent increase in petroleum products and gas prices, leaving the opposition in utter astonishment. Law and Justice Minister Shahid Akram Bhinder differed with th
Leader of PML (N) Nawaz Sharif has said that present situation in Balochistan and Waziristan is weakening the country and political issues could only be resolved in a political way by democratic government. President, Muslim Students Federation Pakistan,
Pakistan Muslim League (PML-N) on Friday gave a seven-point formula to resolve the festering Balochistan crisis, cautioning otherwise, 1971-like situation could erupt. PML former minister and central leader Senator M. Ishaq Dar told a news conference here
NWFP Minister for Information Technology, Hussain Ahmed Kanju, has said that NWFP government is preparing a comprehensive plan for accommodating thousands of jobless IT professionals during the next two years, and expressed hope that if the proposed plan
Prime Minister Shaukat Aziz on Friday said that the government was striving to create a drug free society in the country. He was talking to the Minister for Narcotics Control, Ghaus Baksh Mahar who met him at the Prime Minister House here. The Prime Minis
Joint opposition staged walkout from the Senate over continuous interruption in proceedings by the Parliamentary Affairs Minister Sher Afgan Niazi. Leader of the Opposition Senator Raza Rabbani while condemning the minister for repeated interruption durin
What precisely is wrong with the Baglihar dam, which India is building upstream Chenab river in Occupied Kashmir, is not that it has no competence to raise one but its size, water storage capacity and power output. An official statement made in the Senate
The Lahore High Court (LHC) on Thursday adjourned the hearing of a constitutional petition moved by the Environmental Law Association and 23 residents of Chakwal, against the proposed establishment of cement plants in the Kahoon Valley, for February 22. T
PML President Chaudhry Shujaat Hussain said on Friday, the government will take immediate relief measures for the rehabilitation of the affected people, by recent heavy rains and snowfall across the country including Balochistan and NWFP. "PML was startin
Karachi Electric Supply Corporation (KESC) Managing Director Brigadier Tariq Saddozai has directed KESC transmission and distribution engineers to make arrangements for providing additional power load to industries. The MD issued these directives followin
Thursday's meeting in Jeddah between Benazir Bhutto and Mian Nawaz Sharif, leaders of the two major parties, the PPP and the PML-N, is good news for the restoration of genuine democracy in this country. The two sworn enemies of the past vowed not to act i
Briefing the press on Tuesday in Islamabad on the conclusion of his Pakistan visit, the World Bank President, James D. Wolfensohn, said that the Bank will appoint a neutral expert for the Baglihar hydropower project dispute within two weeks' time. And fur
The leather garment exporters have urged the member, Export, Central Board of Revenue (CBR), to revise the public notice on weight variation, which suggests that the export consignments with over 10 percent weight difference will be stopped from shipment.
The leather garment exporters have urged the member, Export, Central Board of Revenue (CBR), to revise the public notice on weight variation, which suggests that the export consignments with over 10 percent weight difference will be stopped from shipment.
Consular General of Iran in Peshawar Mohammad Hassan Imani has said that the Islamic revolution of 1979 has put he Islamic republic on path of development saying that conspiracies against it are setto be foiled. Addressing a dinner reception held here on
Ko-Ordination Group, a social welfare project of Kalia Group, has set up another computer centre on Thursday (February 10) for needy students at Sukkur. Sindh Minister for Information and Technology (IT) Syed Mustafa Kamal was the chief guest in the inaug
The University of Health Sciences Lahore has declared the results of MBBS Part-I Annual Examination 2004 held in November/December 2004, showing pass percentage of 74.73. According to the notification, as many as 1,793 candidates appeared in the examinati
Federal Health Secretary Syed Anwar Mehmood has stressed the need for amendments to the Pakistan Medical and Dental Council (PMDC) Act. The private colleges and universities, providing quality medical education, should be given representation in the PMDC,
The business community of Mirpur gave a warm welcome to Chaudhry Saeed, newly elected President of the Federation of Pakistan Chamber of Commerce and Industry (FPCCI), on his arrival at his native town Mirpur, on Thursday. FPCCI President and central lead
The IGP NWFP, Muhammad Raffat Pasha has strictly directed police high ups to maintain utmost vigilance and take stringent precautionary and preventive measures for peaceful observance of Muharram. He was presiding over a high level meeting at CPO P
NWFP Chief Minister Akram Khan Durrani has said that poverty eradication, efficient healthcare, education and drinking water facilities are placed at the top of the MMA's government priorities. "However, the Frontier province depends upon the federal gove
Minister for Information and Broadcasting Sheikh Rashid Ahmed on Friday lauded the services of the two journalists who rendered their lives in Wana, earlier this week. Allah Noor Wazir and Mir Nawab were killed following armed attack by unknown assailants
The latest close of key indices on major world stock exchanges and the London closing values of the euro, the Japanese yen, the British pound and gold bullion (previous day's closes in brackets).
Chief Minister's Task Force on Lahore has started preparations on next Lahore Marathon, scheduled to be held in Punjab metropolis on January 29, 2006. Ghause Akbar, Chairman of the Task Force on Lahore, in a statement here on Friday said that in order to
The ongoing digging spree of utility organisations like PTCL, Wasa and TEPA at a number of city roads has led to severe hardships for both motorists and the pedestrians. The recent wet spell has just added to the worst by turning all the dug out roads int
Al-Zamin Leasing Modaraba is likely to set up an Islamic bank with a paid up capital of Rs 2 billion after getting approval from the State Bank of Pakistan (SBP) and Securities and Exchange Commission of Pakistan (SECP) in collaboration with Saudi Bashair
Asian Development Bank (ADB) was preparing a project to promote greater use of renewable clean indigenous energy sources for power generation in Pakistan, through a technical assistance (TA) grant approved for 550,000 dollars. Sources in ADB said here on
The repair work of Sukkur Barrage has entered in the middle phase and expected to be completed by the deadline of April 15. With its structure of yellow stones and steel over the River Indus, Sukkur Barrage stands as the worlds biggest irrigation system.
Asian Development Bank (ADB) chief advisor Robert Heron said on Thursday Pakistan is a paradise for foreign investors where a large number of opportunities are available for them in construction industry, textile and mining sectors. Talking to newsmen, Ro
Al-Zamin Leasing Modaraba is likely to set up an Islamic bank with a paid up capital of Rs 2 billion after getting approval from the State Bank of Pakistan (SBP) and Securities and Exchange Commission of Pakistan (SECP) in collaboration with Saudi Bashair
Minister for Kashmir Affairs and Northern Areas Makhdoom Syed Faisal Saleh Hayat on Friday said that the system of income tax collection in AJK would be streamlined to improve its efficiency. Speaking at a meeting he said there is always room of improveme
Pakistan Hosiery Manufacturers Association (PHMA) (North Zone), Vice Chairman Salamat Ali has strongly opposed the increase in gas tariff by Ogra. Talking to newsmen, he said the authority had allowed increase in gas tariff by 8.25 percent for all categor
President General Pervez Musharraf on Friday said women, who constitute 50 percent of the population of the country, have been empowered as never before in history, it is now up to them to use their empowerment in making Pakistan a forward-looking and dyn
Negotiations are being held to import natural gas either from Iran, Qatar or Turkmenistan to sustain high economic growth rates, Managing Director (MD) Sui Southern Gas Pipeline Company (SSGPL) Munawwar Baseer Ahmad said on Friday. "To sustain high econom
The rupee on Friday continued its overnight weakness versus the dollar in the interbank market, losing three paisa for buying and four paisa for selling at Rs 59.38 and Rs 59.42, dealers said. Market sources said that the rupee failed to show any improvem
The Karachi Transport Ittehad has reiterated to observe a two-day strike on February 24 and 25, if the prices of diesel were not brought to the level of November 30, 2004.
The University of Veterinary and Animal Sciences (UVAS) Lahore, and the National Centre for Competence in Research (NCCR) North-South Switzerland signed a memorandum of understanding (MoU) to work for livestock uplift in mountainous areas of the NWFP, esp
Pakistan Medical Association (PMA) on Friday alleged that the provincial health department has failed to implement service structure of doctors in general cadre, which was approved in 1994. PMA Lahore, President Professor Dr Imtiaz Rasool told newsmen her
Various stakeholders in rice export business have called for setting up a standard benchmark system for pre-shipment inspection (PSI) of rice, and urged the government to appoint a neutral body for this purpose. The stakeholders, including rice processors
Dr Tariq Hassan, Chairman, Securities and Exchange Commission of Pakistan (SECP), has told the new board of directors of KSE that the prime task for the year 2005 is to change the perception about market manipulation, market abuse and undesired speculatio
The low-lying areas were inundated and civic life remained disturbed as Karachi received downpour early Friday, while the Meteorological Department has forecast more rains in the next 24 hours. Many roads and streets submerged under rainwater resulting in
A book on "The role of construction industry in national economy," written by prominent builder and industrialists Munir Sultan, will be launched on February 12 at a hotel here. Chairman Senate, Mohammedmian Soomro will be the chief guest on the occasion.
The rupee on Friday continued its overnight weakness versus the dollar in the interbank market, losing three paisa for buying and four paisa for selling at Rs 59.38 and Rs 59.42, dealers said. Market sources said that the rupee failed to show any improvem
The Port Qasim Authority (PQA) has allowed ten demurrage-free days to the Trading Corporation of Pakistan (TCP) for the second phase of import of 500,000 tonnes of wheat, commencing from February 16. Under the port's tariff, only eight demurrage-free days
During the year under review the company has been able to offset the impact of declining fuel sales. Its net sales marginally improved but margins strengthened because of higher selling prices and superior product mixing. The dividend continued to be high
Punjab Chief Minister, Chaudhry Pervaiz Elahi said that present decade was very important with regard to measures to control environmental pollution as like the developed countries, people in Pakistan were also determined to fight this problem. On the occ
During the year under review the company has been able to offset the impact of declining fuel sales. Its net sales marginally improved but margins strengthened because of higher selling prices and superior product mixing. The dividend continued to be high
Principal Army Medical College, Major General Shujaat Hussain said that Chinese government was providing free utilities to industrialists and also guiding them for giving boost to their businesses. He stated this at a first consultative meeting on researc
The Central Board of Revenue (CBR) has once again succeeded in blocking the summary of Commerce Ministry regarding payment of duty drawback on polyester filament yarn (PFY) and polyester staple fibre (PSF), submitted to the Economic Co-ordination Committe
State-run Indian Oil Corp has bought 150,000 tonnes of 0.25-percent sulphur diesel in a tender for March arrival and is seeking a similar volume of lower-sulphur material for April, traders said on Friday. IOC bought five cargoes of the medium-sulphur die
The government on Friday granted two Exploration Licences over Block No 3071-3 (Multan North) and Block No 2971-3 (Multan South) to Oil and Gas Development Company Limited (OGDC) for undertaking exploration activities. Block No 3071-3 (Multan North), cove
Corporation Kazzinc, which accounts for some 90 percent of Kazakhstan's refined zinc output, increased production of the metal to 279,480 tonnes last year from 276,790 tonnes in 2003, an industry source said on Friday. The Central Asian state's total refi
The government on Friday granted two Exploration Licences over Block No 3071-3 (Multan North) and Block No 2971-3 (Multan South) to Oil and Gas Development Company Limited (OGDC) for undertaking exploration activities. Block No 3071-3 (Multan North), cove
Minneapolis Grain Exchange spring wheat futures closed higher on Thursday, with nearby months reaching two-week highs on short covering and supportive export news, traders said. March wheat closed up 3 cents cents per bushel at $3.43-3/4, with May up 2 ce
Pakistan's foreign exchange reserves fell by $72 million to $12.658 billion in the week ending on February 5, the central bank said on Friday. Reserves held by the State Bank of Pakistan dipped to $9.845 billion from $9.924 billion a week earlier, while t
New York cocoa futures advanced on Thursday on a combination of rising prices in London, a weak dollar and prospects of receding bean supply from leading producer Ivory Coast, traders said. At the New York Board of Trade, the most-active May contract rose
Pakistan's foreign exchange reserves fell by $72 million to $12.658 billion in the week ending on February 5, the central bank said on Friday. Reserves held by the State Bank of Pakistan dipped to $9.845 billion from $9.924 billion a week earlier, while t
Arabica coffee climbed to a fresh 4-1/2-year peak on Thursday as index funds stormed into the commodities markets amid a weakening dollar, traders said. "It looks like index-fund buying came into the market," said a trader, pointing out that most commodit
Rally at the banking counter helped the Karachi share market to reach yet another high level, breaching the 7200 mark comfortably, on last session of the week. The KSE-100 index showed a rise of 42.13 points, or 0.59 percent, to 7238.76. The volume amount
The European Commission maintained its wheat export subsidy at four euros a tonne on Thursday, well below the level analysts say is necessary to kick start sluggish exports to a well supplied world market. In its second export subsidy award after a gap of
Rally at the banking counter helped the Karachi share market to reach yet another high level, breaching the 7200 mark comfortably, on last session of the week. The KSE-100 index showed a rise of 42.13 points, or 0.59 percent, to 7238.76. The volume amount
Cuba has purchased 125,000 tonnes of US wheat "over the past several days," according to the US Wheat Associates, an industry group that promotes sales of American wheat abroad. US Wheat Associates officials, accompanying wheat growers from Oklahoma and T
Share values moved both ways and despite an extraordinary buying interest in petroleum sector, especially in Pakistan Oil Fields, PPL and PSO, failed to take a clear turn on Lahore Stock Exchange (LSE), leaving people in what brokers said an embarrassing
US authorities have closed an investigation into suspected cartel-like behaviour in the copper concentrates industry without laying any charges. A spokeswoman from the US Department of Justice said no further details about the investigation would be given
Share values moved both ways and despite an extraordinary buying interest in petroleum sector, especially in Pakistan Oil Fields, PPL and PSO, failed to take a clear turn on Lahore Stock Exchange (LSE), leaving people in what brokers said an embarrassing
Firm trend prevailed on the grain market on Friday as most of the items maintained their overnight levels in process of low trading due to heavy rains in the city, brokers said. On the cereals side, sugar inferior type posted fresh gain of Rs 20 to Rs 248
Equities showed positive signs at Islamabad Stock Exchange (ISE) on Friday where bulls continued to stay in the driving seat amid increase in index. ISE network index showed an increase of 65.41 points from 13,925.60 to 13,991.01 points. Total 129 compani
The trading on tea sector moved upward here on Friday on Jodia Bazar. The following changes were noted in Kenya tea plus C grade up Rs 5 to Rs 141, Bangladesh Garden Pack (original) up Rs 2 to Rs 107, Gulab up Rs 2 to Rs 106, Garden Pack/BOP up Rs 11 to R
Equities showed positive signs at Islamabad Stock Exchange (ISE) on Friday where bulls continued to stay in the driving seat amid increase in index. ISE network index showed an increase of 65.41 points from 13,925.60 to 13,991.01 points. Total 129 compani