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Nov 20, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2006-09-10
Asian freight rates firm

Asian freight rates firm

Freight rates for the benchmark Asian route were firm compared to week-ago levels, with traders struggling to find spot tonnage as period charter bookings continued to take supply off the market.
Published 10 Sep, 2006 12:00am
Japan's NYK to double LNG tanker fleet

Japan's NYK to double LNG tanker fleet

Nippon Yusen K.K., Japan's biggest shipping line, will nearly double its fleet of liquefied natural gas (LNG) tankers by the end of the decade to meet project demand, a senior executive said on Friday.
Published 10 Sep, 2006 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 83,095 tonnes of cargo including 60,339 tonnes import, 22,756 tonnes export cargo and 4,114 containers during last 24 hours ending at 0700 hours on Saturday.
Published 10 Sep, 2006 12:00am
Ford's new CEO gets $18.5 million to take job

Ford's new CEO gets $18.5 million to take job

Ford Motor Co said on Friday it would pay veteran aerospace executive Alan Mulally $18.5 million to join the troubled automaker as its new chief executive in addition to an annual salary of $2 million.
Published 10 Sep, 2006 12:00am
UK holidaymakers suffering nine billion pound hangover

UK holidaymakers suffering nine billion pound hangover

British holidaymakers are suffering a 9 billion pound summer holiday hangover - after racking up that amount of debt to finance their fun in the sun, according to a survey on Saturday.
Published 10 Sep, 2006 12:00am
Japan, Philippines ink free trade accord

Japan, Philippines ink free trade accord

Japan and the Philippines on Saturday formally clinched a free trade agreement, featuring not only trade of goods and services but unprecedented steps to open the door for Philippine nurses to work in Japan.
Published 10 Sep, 2006 12:00am
India notifies wheat duty cut

India notifies wheat duty cut

The Indian government on Saturday issued a notification putting into effect its decision to reduce the customs duty on import of wheat by private trade to zero percent from five percent. Farm Minister Sharad Pawar had on Monday announced that wheat import
Published 10 Sep, 2006 12:00am
Oil market well supplied: Naimi

Oil market well supplied: Naimi

The world oil market is well supplied and inventories are at comfortable levels, Saudi Arabian Oil Minister Ali al-Naimi said on Saturday ahead of Monday's Opec meeting. "Opec in general and Saudi Arabia in particular have done their best to supply the wo
Published 10 Sep, 2006 12:00am
Iran sees ideal oil price $50-60 a barrel

Iran sees ideal oil price $50-60 a barrel

Iran's Opec governor said on Saturday the ideal oil price would normally be $50 to $60 a barrel but factors such as the situation in Iraq and other world crises were pushing prices higher.
Published 10 Sep, 2006 12:00am
Data deluge a challenge for financial firms

Data deluge a challenge for financial firms

The data explosion created by automated trading, regulation, and the rising speed at which trades are executed is placing financial institutions under severe pressure, said Steve Mitchell of consultancy Detica.
Published 10 Sep, 2006 12:00am
Algeria unveils limits to foreign oil role

Algeria unveils limits to foreign oil role

Opec member Algeria unveiled long-awaited amendments to a reform of its hydrocarbon sector on Saturday that limit foreign participation in exploration and production and impose a windfall tax on surplus profits.
Published 10 Sep, 2006 12:00am
Europe backs IMF remake

Europe backs IMF remake

The European Union on Saturday backed plans to give poor and rapidly developing countries more voting power in the International Monetary Fund, as the public lending agency seeks to adapt to a new world economic order.
Published 10 Sep, 2006 12:00am
EU opposes explicit IMF advice on currency rates

EU opposes explicit IMF advice on currency rates

The European Union wants the International Monetary Fund to monitor foreign exchange rates more extensively but not to the point of recommending optimal currency levels. The EU position was spelled out by finance ministers and central bankers meeting in F
Published 10 Sep, 2006 12:00am
Nokia launches latest handsets

Nokia launches latest handsets

Nokia, leader in mobile communications, has launched its latest series of Premium and Fashion handsets in a world-first event called 'Elements of Inspiration' in Dubai, says a press release issued on Friday.
Published 10 Sep, 2006 12:00am
ABN Amro and Vietnamese bank dispute broke law

ABN Amro and Vietnamese bank dispute broke law

Bankers at a state-run Vietnamese bank and Dutch bank ABN Amro made hundreds of illegal foreign exchange transactions, an online newspaper on Saturday quoted the country's top police investigator as saying.
Published 10 Sep, 2006 12:00am
EU, China set new talks, Beijing warns on rights

EU, China set new talks, Beijing warns on rights

The EU and China agreed on Saturday to launch talks on a wide-ranging treaty to extend their burgeoning economic ties, but Beijing warned Brussels not to link trade to the contentious issue of human rights.
Published 10 Sep, 2006 12:00am
EU finance chiefs urge revival of WTO talks

EU finance chiefs urge revival of WTO talks

European Union finance ministers and central bankers called on Saturday for a speedy resumption of the suspended Doha round of trade talks to avoid damaging economic growth and warned against protectionism.
Published 10 Sep, 2006 12:00am
Shui On Land IPO aims lower, near $550 million

Shui On Land IPO aims lower, near $550 million

Chinese developer Shui On Land will relaunch its Hong Kong IPO in the coming week, cutting its size by at least a third to US $500-$550 million after a weak stock market delayed the deal in June, a newspaper reported on Saturday.
Published 10 Sep, 2006 12:00am
Emerging debt prices up

Emerging debt prices up

Emerging sovereign debt prices firmed on Friday as investors digested large amounts of debt issuance and on strong equity and Treasury markets. Brazil's global bond due 2040, considered the emerging market benchmark paper, rose 0.187 point to bid 130.00 a
Published 10 Sep, 2006 12:00am
Emerging debt prices up

Emerging debt prices up

Emerging sovereign debt prices firmed on Friday as investors digested large amounts of debt issuance and on strong equity and Treasury markets. Brazil's global bond due 2040, considered the emerging market benchmark paper, rose 0.187 point to bid 130.00 a
Published 10 Sep, 2006 12:00am
US corporate bonds spread firm

US corporate bonds spread firm

US corporate bonds wrapped up the week with a firm tone on Friday after the market absorbed more than $21 billion of supply for the week, with new deals performing well in a sign of strong demand. The supply surge is expected to continue next week, with A
Published 10 Sep, 2006 12:00am
US corporate bonds spread firm

US corporate bonds spread firm

US corporate bonds wrapped up the week with a firm tone on Friday after the market absorbed more than $21 billion of supply for the week, with new deals performing well in a sign of strong demand. The supply surge is expected to continue next week, with A
Published 10 Sep, 2006 12:00am
Toronto stocks decline

Toronto stocks decline

Toronto stocks closed lower on Friday, their third day of decline, but the fall was much smaller than in the previous two days as a bounce by financials offset a continuing retreat by energy issues.
Published 10 Sep, 2006 12:00am
Argentine stocks fall

Argentine stocks fall

Argentine stocks ended down on Friday for the third straight session, pressured by lower international oil prices and their negative impact on steel tube maker Tenaris, traders said.
Published 10 Sep, 2006 12:00am
IPO view: Warner Chilcott investors scheduled to cash in

IPO view: Warner Chilcott investors scheduled to cash in

Two years after Credit Suisse and J.P. Morgan Chase & Co angered top private equity firms by invading their turf and outbidding them for Warner Chilcott, the banks are on the verge of cashing in on the deal.
Published 10 Sep, 2006 12:00am
European Stocks: earnings and US data in focus

European Stocks: earnings and US data in focus

Next week's earnings may help European stock indexes recapture four-month highs, but concern about the scope of a US economic slowdown and its impact on 2007 corporate profits may continue to hold back sentiment.
Published 10 Sep, 2006 12:00am
Chile stocks inch up

Chile stocks inch up

Chilean stock indices inched up in mixed trade on Friday, led by sugar producer Iansa. The all-market IGPA index climbed 0.11 percent to 10,287.35 points, while the trade-value-weighted blue chip IPSA index rose 0.22 percent to 2,197.91, preliminary closi
Published 10 Sep, 2006 12:00am
Mexican stocks lose ground

Mexican stocks lose ground

Mexican stocks and the bonds closed lower on Friday as international investors sought safe havens to cut the risk of investing in emerging markets. The IPC stock index dipped 0.18 percent to 20,795.82 points, down for a fourth straight session.
Published 10 Sep, 2006 12:00am
US Treasuries close with slight gains

US Treasuries close with slight gains

US Treasury prices made slight gains on Friday as an absence of fresh economic data allowed bonds to resume a bull run that has dominated for over two months, driven by expectations of slower growth.
Published 10 Sep, 2006 12:00am
US Treasuries close with slight gains

US Treasuries close with slight gains

US Treasury prices made slight gains on Friday as an absence of fresh economic data allowed bonds to resume a bull run that has dominated for over two months, driven by expectations of slower growth.
Published 10 Sep, 2006 12:00am
Brazil stocks plunge

Brazil stocks plunge

Brazilian stocks closed lower ended weaker on Friday for the third straight session in light volume, with blue chips falling and many investors away for a long holiday weekend. The Bovespa index of the Sao Paulo Stock Exchange ended down 0.41 percent at 3
Published 10 Sep, 2006 12:00am
American credit market outlook

American credit market outlook

Credit spreads of Starwood Hotels and Resorts World-wide Inc have tightened since the company was upgraded in late August to investment grade, however its tight spreads fully account for its risks, according to some analysts.
Published 10 Sep, 2006 12:00am
American credit market outlook

American credit market outlook

Credit spreads of Starwood Hotels and Resorts World-wide Inc have tightened since the company was upgraded in late August to investment grade, however its tight spreads fully account for its risks, according to some analysts.
Published 10 Sep, 2006 12:00am
US stocks finish higher

US stocks finish higher

US stocks rebounded from two days of losses to end higher on Friday, as a week-long fall in oil prices and reassuring comments from a Fed official about inflation outweighed further signs of housing-market weakness.
Published 10 Sep, 2006 12:00am
Some investors see opportunity in yen pessimism

Some investors see opportunity in yen pessimism

Speculators may have ramped up their bets against the yen to record highs, but some long-term investors see a hefty drop in the Japanese currency as an opportunity to buy on the cheap.
Published 10 Sep, 2006 12:00am
ECB, Eurogroup against sharp foreign exchange moves

ECB, Eurogroup against sharp foreign exchange moves

European financial policymakers spoke out against rapid or messy foreign exchange movements on Friday, a week after the euro hit a record high against the Japanese currency.
Published 10 Sep, 2006 12:00am
Dollar leaps to six-week high

Dollar leaps to six-week high

The dollar rose to six-week highs on Friday as dealers aimed at technical targets and positioned for the risk that the Federal Reserve may have to raise interest rates again to keep inflation at bay.
Published 10 Sep, 2006 12:00am
Canadian dollar sinks

Canadian dollar sinks

The Canadian dollar sank to a three-week low versus a rising greenback on Friday as data showing the economy unexpectedly lost jobs in August firmed expectations that the Bank of Canada's next move will be an interest rate cut.
Published 10 Sep, 2006 12:00am
Forex market views and key levels

Forex market views and key levels

Following is a selection of comments from analysts on important technical developments in the foreign exchange market:
Published 10 Sep, 2006 12:00am
Net Australian longs increase

Net Australian longs increase

International Money Market currency speculators increased bets against the dollar in the week to September 5, data released on Friday showed, mostly due to increased positioning in favour of the Australian dollar.
Published 10 Sep, 2006 12:00am
Liang leads Asian challenge for Singapore title

Liang leads Asian challenge for Singapore title

China's Liang Wen-chong is delighted with his form going into the final round of the Singapore Open after a three-under par 68 on Saturday left him leading the Asian challenge, four shots off the lead.
Published 10 Sep, 2006 12:00am
World Cup wide open says Woolmer

World Cup wide open says Woolmer

Pakistan coach Bob Woolmer has said next year's World Cup in the West Indies will be the one of the most open in the competition's history. "This World Cup in particular is going to be one of the closest World Cups of all time because there are so many si
Published 10 Sep, 2006 12:00am
India keen to do well in Malaysia triangular series

India keen to do well in Malaysia triangular series

Skipper Rahul Dravid said Saturday India were determined to do well against formidable Australia and the West Indies in a triangular one-day series starting in Malaysia next week.
Published 10 Sep, 2006 12:00am
Sharapova in US Open final

Sharapova in US Open final

Maria Sharapova will shoot for her first US Open title after upsetting world number one Amelie Mauresmo in the semi-finals on Friday. Sharapova will on Saturday face Justine Henin-Hardenne, who reached her fourth grand slam final of the year by beating 19
Published 10 Sep, 2006 12:00am
Bell guides England to victory

Bell guides England to victory

Ian Bell's unbeaten 86 guided England to an eight-wicket win over Pakistan in the day/night fourth one-day international at Trent Bridge here Friday as the hosts kept the five-match series alive.
Published 10 Sep, 2006 12:00am
Sri Lankan army overruns Tiger posts; 15 die

Sri Lankan army overruns Tiger posts; 15 die

The Sri Lanka army said it had mounted a fresh attack on Tamil Tiger rebels in the north of the island on Saturday and overrun several bunkers but lost 11 men and had 53 wounded. At least four rebels were killed in the fighting.
Published 10 Sep, 2006 12:00am
Blair arrives in Israel

Blair arrives in Israel

British Prime Minister Tony Blair on Saturday arrived in Tel Aviv for talks with his Israeli counterpart Ehud Olmert and other key players in the region on the stalled Middle East peace process.
Published 10 Sep, 2006 12:00am
Bush personally signed off on Khatami visit

Bush personally signed off on Khatami visit

US President George W. Bush personally signed off on a visa allowing former Iranian President Mohammed Khatami to visit the United States because he wanted hear his views, the Wall Street Journal reported on Saturday.
Published 10 Sep, 2006 12:00am
Saudi Arabia in talks with Russia over weapons sales

Saudi Arabia in talks with Russia over weapons sales

Saudi Arabia is in talks with Russia over the possible purchase of Russian weapons for the first time by the oil-rich kingdom, which has traditionally used Western defence systems, a Western diplomat said Saturday.
Published 10 Sep, 2006 12:00am
Sudan rejects UN call for Darfur peacekeepers

Sudan rejects UN call for Darfur peacekeepers

Sudan "categorically" rejects a UN resolution calling for the deployment of UN peacekeepers in Darfur, President Omar al-Beshir said during a visit to Libya on Saturday, an AFP correspondent reported.
Published 10 Sep, 2006 12:00am
13 killed in Iraq

13 killed in Iraq

Insurgents killed at least 13 people across Iraq on Saturday, while police found the bodies of 11 men shot dead in apparent sectarian killings, security officials said. The US military also announced that three of its soldiers were wounded in a bomb attac
Published 10 Sep, 2006 12:00am
Atlantis soars into orbit

Atlantis soars into orbit

Shuttle Atlantis roared into space Saturday soaring toward the International Space Station for the first construction mission since the 2003 Columbia tragedy.
Published 10 Sep, 2006 12:00am
Tens of thousands protest against Taiwan president

Tens of thousands protest against Taiwan president

Tens of thousands of people opposed to Taiwan President Chen Shui-bian took to the streets on Saturday in response to calls for weeklong demonstrations aimed at unseating the scandal-plagued leader.
Published 10 Sep, 2006 12:00am
Britain to provide warship

Britain to provide warship

Britain is to provide a destroyer warship as part of the United Nations-backed peacekeeping operation off the Lebanese coast, the Ministry of Defence said Saturday. "The UK is pleased to be able to assist the UN by providing HMS York to support its Lebano
Published 10 Sep, 2006 12:00am
Tributes paid to Agha Shahi in New York

Tributes paid to Agha Shahi in New York

Tributes were paid to Agha Shahi, one of Pakistan's most distinguished diplomats who passed away on Wednesday, at a condolence meeting held in the Pakistan mission to the UN on Friday.
Published 10 Sep, 2006 12:00am
CBR employees launch protest

CBR employees launch protest

The lower cadre (BPS-1 to 16) employees of the Central Board of Revenue (CBR) have launched protest on Saturday, against certain discriminations. A meeting chaired by Hafiz Muhammad Shafiq Tahir, President of All Pakistan Income Tax Welfare Association (A
Published 10 Sep, 2006 12:00am
Indus flowing normal

Indus flowing normal

Sindh Irrigation and Power Department on Saturday said that the pressure on Left Bank Outfall Drain (LBOD) system was again increasing due to rain. The River Indus was flowing normal at Kotri, Guddu and Sukkur barrages. The bund situation on the both side
Published 10 Sep, 2006 12:00am
Funds allocated for special children

Funds allocated for special children

Sialkot district government has allocated Rs 22.54 lakh during current fiscal period for the social welfare of special children. The special children would be provided free textbooks, uniform, wheel chairs and hearing aid instruments besides pick and drop
Published 10 Sep, 2006 12:00am
APO for promoting tannery waste treatment system

APO for promoting tannery waste treatment system

The Asian Productivity Organisation (APO) Japan has stressed upon the need of promoting the Green Productivity Concept Methodology, Low Cost Tannery Waste Treatment System and their sustainable development in export oriented Sialkot city's all the leather
Published 10 Sep, 2006 12:00am
Shab-e-Barat observed in Faisalabad

Shab-e-Barat observed in Faisalabad

Shab-e-Barat was observed with traditional reverence and religious fervour here on Friday. Major city mosques were decorated with colourful lights and nightlong prayers were offered in these mosques. Religious scholars highlighted the philosophy of this i
Published 10 Sep, 2006 12:00am
Intel holds award ceremony

Intel holds award ceremony

Intel Pakistan Corporation in collaboration with the Punjab Education Department organised an award ceremony to recognise the outstanding performance of schools and teachers who have played a pivotal role this year in enhancing student learning via the in
Published 10 Sep, 2006 12:00am
Six new cadet colleges in Balochistan soon

Six new cadet colleges in Balochistan soon

Chief Economist Planning and Development Balochistan government Mohi-Ud-Din Murree on Saturday said that six new cadet colleges would be opened soon in Balochistan. Talking to PTV, he said vocational training and polytechnic institutes would also be estab
Published 10 Sep, 2006 12:00am
Plan prepared for 10 industrial zones uplift

Plan prepared for 10 industrial zones uplift

Punjab government has prepared an action plan costing Rs 100 million for the upgradation of ten industrial estates in the Province. Official sources told Business Recorder here on Saturday.
Published 10 Sep, 2006 12:00am
Mardan flood victims assured help

Mardan flood victims assured help

Faiz Rasool Khan, Vice President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) led by 20-members delegation called on Dr Salman Shah, Advisor to Shaukat Aziz, Prime Minister. The meeting was arranged on the instructions of the Pr
Published 10 Sep, 2006 12:00am
Pakhtoon Action body to stage protest today

Pakhtoon Action body to stage protest today

Pakhtoon Action Committee (Loya Jirga) will stage a protest gathering as a part of people contact drive on Sunday at Lasbela Chowk. Spokesman of Loya Jirga said on Saturday that the staging of protest gathering was aimed at fighting for the rights of supp
Published 10 Sep, 2006 12:00am
PPP urges CEC to stop malpractices in voters' lists

PPP urges CEC to stop malpractices in voters' lists

Pakistan Peoples Party (PPP) has urged the Chief, Election Commissioner (EC) to immediately intervene and stop the voters registration exercise in Sindh from being hijacked by a coalition partner in the provincial government.
Published 10 Sep, 2006 12:00am
Steps taken to strengthen democratic institutions: Daniyal

Steps taken to strengthen democratic institutions: Daniyal

Daniyal Aziz, Chairman, National Reconstruction Bureau (NRB), has said that Pakistan has taken major steps to strengthen democratic institutions, promote good governance, devolve political power and decentralise administrative and management functions to
Published 10 Sep, 2006 12:00am
'Denial of self-determination right leads to conflicts'

'Denial of self-determination right leads to conflicts'

Welcoming the adoption of the global counter-terrorism strategy, Pakistan has called for addressing the root causes of conflicts that arise mainly from foreign occupation and denial of the right of peoples to self-determination.
Published 10 Sep, 2006 12:00am
PGMEA office-bearers

PGMEA office-bearers

The following office-bearers of Pakistan Gloves Manufacturers and Exporters Association (PGMEA) had been elected unanimously by the executive committee members as Chairman Muhammad Younas, Senior Vice Chairman Sohail Masood and Vice Chairman Raheel Aftab
Published 10 Sep, 2006 12:00am
Seven Christian pilgrims killed

Seven Christian pilgrims killed

Seven Christian pilgrims, including three women and three children, were burnt alive, while sixty peoples injured eight of them seriously, when an overloaded rented bus collided with the live wires of an electricity poles near Sukheki about 35km from here
Published 10 Sep, 2006 12:00am
Shab-e-Barat observed in Sialkot

Shab-e-Barat observed in Sialkot

Shab-e-Barat was observed with traditional reverence and religious fervour here on Friday in rural and urban areas of Sialkot, Daska, Pasrur and Sambrial tehsils of Sialkot district.
Published 10 Sep, 2006 12:00am
Peace deal in tribal area to help curb terrorism: Durrani

Peace deal in tribal area to help curb terrorism: Durrani

Pakistan is following a strategy to win hearts and minds of people, Ambassador Mahmud Ali Durrani said, while expressing the hope that the recent peace agreement in the tribal area would help fight off terror.
Published 10 Sep, 2006 12:00am
R&D support

R&D support

Huge quarter page ads have been appearing in all the leading newspapers from a component of the textile sector, which has been excluded from the facility of availing R&D support, demanding that R&D should be allowed across the board.
Published 10 Sep, 2006 12:00am
No confidence motion backfires

No confidence motion backfires

The no confidence move on the direction of ex-prime ministers has proved to be a blunder and backfired. On the contrary, it has strengthened the sitting Prime Minister, Shaukat Aziz, who now has proved as a real leader. This will also make Shaukat Aziz mo
Published 10 Sep, 2006 12:00am
Needed help, not eloquence

Needed help, not eloquence

After natural calamities like earthquakes, heavy rains, floods and storms, I have often heard official assurances, along with allocation of funds, and expensive campaigns in the media.
Published 10 Sep, 2006 12:00am
Ladies compartment

Ladies compartment

It is pathetic that male passengers occupy seats in ladies compartment of coaches and wagons due to which women, particularly school and college girls, face great difficulties and inconvenience. In recent past, our traffic police started a drive against t
Published 10 Sep, 2006 12:00am
Returnees finding it hard to start again in Afghanistan

Returnees finding it hard to start again in Afghanistan

On a windy day, which is every day, the grand Industrial Village for Carpet Weaver Returnees disappears into a storm of stinging dust whipping across this barren plain in northern Afghanistan. It is a desolate place. Children are dying of heat and disease
Published 10 Sep, 2006 12:00am
'Last town in Egypt' agonises as Gaza closure drags on

'Last town in Egypt' agonises as Gaza closure drags on

As Gaza Strip Palestinians remain trapped in their tiny war-battered territory by an Israeli blockade, the Egyptian side of the border town of Rafah slowly sinks into economic depression.
Published 10 Sep, 2006 12:00am
Is the Middle East heading for peace or war?

Is the Middle East heading for peace or war?

The root cause of violence in the Middle East -- and of anti-Western terrorism outside it -- is the unresolved Arab-Israeli conflict. To say this has become a commonplace.
Published 10 Sep, 2006 12:00am
Making higher education more purposeful

Making higher education more purposeful

Welcoming the federal government's initiatives for promotion of higher education in the provinces, at a meeting he was chairing in Peshawar, the NWFP Governor, Lieutenant General Ali Muhammad Jan Aurakzai (Retd), is reported to have stressed the need for
Published 10 Sep, 2006 12:00am
Politicisation of Hudood laws must stop

Politicisation of Hudood laws must stop

Unfortunate as it is, both the government and the MMA are playing power games at the expense of an important draft law concerning women's rights. After much public debate and eliciting encouraging statements from some members of the Council of Islamic ide
Published 10 Sep, 2006 12:00am
LTBA team meets SECP commissioner

LTBA team meets SECP commissioner

A delegation of Lahore Tax Bar Association (LTBA) met Rashid Malik, Commissioner, Securities & Exchange Commission of Pakistan (SECP), at Company Registration office, Lahore. The Commissioner briefed the delegation about the efforts being made by SECP for
Published 10 Sep, 2006 12:00am
LTBA team meets SECP commissioner

LTBA team meets SECP commissioner

A delegation of Lahore Tax Bar Association (LTBA) met Rashid Malik, Commissioner, Securities & Exchange Commission of Pakistan (SECP), at Company Registration office, Lahore. The Commissioner briefed the delegation about the efforts being made by SECP for
Published 10 Sep, 2006 12:00am
Ishrat for utilising government servants skills in national interest

Ishrat for utilising government servants skills in national interest

National Commission for Government Reforms Chairman Dr Ishrat Husain has urged the need to evolve such policies which could not only help in eliminating political interference, discretionary powers and individual desires, but also encourage the government
Published 10 Sep, 2006 12:00am
Qatar Airways and PIA to create synergy

Qatar Airways and PIA to create synergy

PIA and Qatar Airways have agreed to work closely to create synergy for enhancement of aviation activities in the region. Both the airlines also agreed to establish through fares, exchange mutually beneficial SPAs and to pursue with their Regulatory Autho
Published 10 Sep, 2006 12:00am
Deal struck with Utmanzai tribe: Sherpao

Deal struck with Utmanzai tribe: Sherpao

The agreement reached between the government and the Utmanzai tribe would prove to be a landmark in flushing out the foreign elements from Fata and curbing cross-border movement of terrorists, said Federal Interior Minister Aftab Ahmad Khan Sherpao.
Published 10 Sep, 2006 12:00am
'Computerisation in public departments being introduced'

'Computerisation in public departments being introduced'

Punjab Information Department is developing software which would directly help maintain record of terrorists and extremist organisations while another project of compilation of database of prisoners after getting their finger prints is under preparation f
Published 10 Sep, 2006 12:00am
Comprehensive plan for quake victims relief: Elahi

Comprehensive plan for quake victims relief: Elahi

Punjab Chief Minister Chaudhry Pervaiz Elahi has said that Punjab government is implementing a comprehensive programme for the rehabilitation of earthquake victims and an amount of Rs 6,000 is being provided to each stricken family on monthly basis.
Published 10 Sep, 2006 12:00am
Country to be made attractive for tourists: minister

Country to be made attractive for tourists: minister

Minister for Tourism, Nilofar Bakhtiar on Saturday said the government was making all out efforts to develop the country as an attractive destination for foreign tourists and also promote domestic tourism.
Published 10 Sep, 2006 12:00am
'Viable legal framework to ensure economic boost'

'Viable legal framework to ensure economic boost'

Director Pakistan Institute of Development Economics (PIDE) Dr Nadeem-ul-Haque while discussing in detail the legislative framework and its impact on the economy, stressed for the need to conduct research in this area in order to secure better economic in
Published 10 Sep, 2006 12:00am
Telenor to facilitate air passengers

Telenor to facilitate air passengers

Telenor Pakistan to provide safe and cost-effective way to allow air passengers to use mobile phones without any interruption with 'GSM-on-Board'. Head of Aeromobile Asia Pacific region, Greg Oliveau during a meeting with Minister for Information Technolo
Published 10 Sep, 2006 12:00am
Ghinwa demands fresh general polls

Ghinwa demands fresh general polls

Chairperson Pakistan People's Party (Shaheed Bhutto) Ghinwa Bhutto has said that the government has failed to run the country affairs smoothly, hence it should hold fresh general elections.
Published 10 Sep, 2006 12:00am
Seven Supreme Court benches constituted

Seven Supreme Court benches constituted

Chief Justice of Pakistan, Justice Iftikhar Muhammad Chaudhry has constituted seven benches of the Supreme Court (SC) for next week starting from September 11 for the hearing of hundreds of case at Islamabad Registry.
Published 10 Sep, 2006 12:00am
Master plan for Lahore infrastructure uplift prepared

Master plan for Lahore infrastructure uplift prepared

City District Nazim Mian Amer Mahmood has said that keeping in view the futuristic business needs of the city of Lahore a master plan for the development of infrastructure has already been prepared and is in implementation phase.
Published 10 Sep, 2006 12:00am
Creek Marina to set new benchmark in luxury living

Creek Marina to set new benchmark in luxury living

Creek Marina brings the taste of ultimate in luxurious modern living to the people of Pakistan. Karachi will soon become one of world cities with first ever 6-star residential complex.
Published 10 Sep, 2006 12:00am
Weather forecast for Lahore

Weather forecast for Lahore

Local Met office has forecast a partly cloudy weather during the next 24 hours in the city and its suburbs. On Saturday, maximum and minimum temperatures were recorded at 34.0 and 25.0 celsius respectively.
Published 10 Sep, 2006 12:00am
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