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Nov 29, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2006-12-10
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 10 Dec, 2006 12:00am
Guwar higher on grain market

Guwar higher on grain market

Thin business was witnessed on the grain market on Saturday as leading buyers remained on the sidelines to due to satisfactory supply position, dealers said.
Published 10 Dec, 2006 12:00am
Oil cake market rates

Oil cake market rates

Modest trading was seen on the forward cottonseed oilcake market on Saturday as some needy buyers took part in trading to meet the urgent needs, dealers said.
Published 10 Dec, 2006 12:00am
Mills accelerate quality cotton buying

Mills accelerate quality cotton buying

Accelerated buying was seen on the cotton market on Saturday as mills preferred to make new deals, brokers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 2,525, without upcountry expenses. In the Punjab and Sindh, the Ph
Published 10 Dec, 2006 12:00am
Plastic mouldings up on Jodia Bazar

Plastic mouldings up on Jodia Bazar

The trading on plastic mouldings closed up on Jodia Bazar here on Saturday. The following variations were noted.
Published 10 Dec, 2006 12:00am
Shanghai rubber rises on supply concern

Shanghai rubber rises on supply concern

Shanghai rubber futures rose 3.1 percent on Friday, driven up by bargain-hunters who believe supplies could tighten as Chinese firms were likely to drawdown more domestic stocks. Traders said demand for rubber in China is seen climbing as many tyre makers
Published 10 Dec, 2006 12:00am
Australian grain price rise expected

Australian grain price rise expected

Australia has almost finished harvesting a small drought-hit wheat crop as the grains industry is in turmoil following a government decision to strip monopoly AWB Ltd of its power to veto exports by rivals.
Published 10 Dec, 2006 12:00am
Indonesia 2007 palm oil output seen up 12 percent

Indonesia 2007 palm oil output seen up 12 percent

Indonesia's crude palm oil output is expected to grow by about 12 percent in 2007 to 16.4 million tonnes from 14.7 million this year, a senior industry official said on Friday.
Published 10 Dec, 2006 12:00am
CBOT rice slips

CBOT rice slips

Chicago Board of Trade rough rice futures ended lower on Friday on scattered speculative selling, but volume was thin, traders said. The declines were in line with a weak close across the CBOT grains floor, due in part to a rally in the US dollar. Strengt
Published 10 Dec, 2006 12:00am
Indian wheat falls

Indian wheat falls

Indian wheat futures fell on Friday as supplies of imported grain improved, while soyaoil eased due to a downward technical correction. Sugar lost on waning retail demand. The December wheat contract on the National Commodity and Derivatives Exchange (NCD
Published 10 Dec, 2006 12:00am
Tokyo rubber hits three-week high

Tokyo rubber hits three-week high

Tokyo rubber futures rose to a three-week high on Friday due to short covering and technical support from crude oil. The benchmark Tokyo Commodity Exchange rubber for May delivery broke the key resistance of 210.0 to settle at 214.9 yen ($1.86) per kg, up
Published 10 Dec, 2006 12:00am
New York sugar rebound

New York sugar rebound

Raw sugar futures relied on trade and consumer buying to close higher on Friday as the market rebounded after falling to an 8-week low in the previous session, brokers said. The New York Board of Trade's March raw sugar contract rose 0.15 cent to settle a
Published 10 Dec, 2006 12:00am
Soya lower

Soya lower

Soyabean futures at the Chicago Board of Trade closed lower on Friday as the value of the dollar gained, while crude oil and wheat futures tumbled, traders said. CBOT soya closed unchanged to 6 cents per bushel lower, with January down 6 at $6.56 per bush
Published 10 Dec, 2006 12:00am
Gold falls to two-week low

Gold falls to two-week low

Gold fell to a two-week low in choppy trade on Friday, erasing gains as the dollar rallied on solid US jobs data and remarks by US Treasury Secretary Henry Paulson on the Chinese yuan.
Published 10 Dec, 2006 12:00am
Shanghai copper falls

Shanghai copper falls

Chinese copper contracts dipped on Friday on rising supply and losses in London as the market awaited US jobs data for clues about the fate of its economy.
Published 10 Dec, 2006 12:00am
Commodity prices endure mixed week

Commodity prices endure mixed week

A number of commodities saw their prices fall last week owing to a steadier dollar, but there were record highs for base metals nickel and lead. On Friday, the Commodities Research Bureau's index of 17 commodities decreased to 314.63 points, from 319 poin
Published 10 Dec, 2006 12:00am
Dardanelles closed due to fog

Dardanelles closed due to fog

Turkey's Dardanelles Strait - a key shipping route - was closed because of fog on Saturday, the Coast Guard said on its website. The strait, which together with the Bosphorus is a major oil shipping route connecting the Black Sea and the Mediterranean, wa
Published 10 Dec, 2006 12:00am
Brazilian sugar vessels lineup rises

Brazilian sugar vessels lineup rises

The line-up of vessels waiting to load sugar in Brazilian ports rose to 73 from 71 a week ago, shipping agent Williams said. In a weekly report, Williams said 32 vessels were lined up in the southern port of Santos, up from 28 a week ago. There were 14 ve
Published 10 Dec, 2006 12:00am
Maersk to cut Taiwan cargo berths

Maersk to cut Taiwan cargo berths

The world's top container shipper, A.P. Moeller-Maersk, will cut its cargo volume to and from Taiwan by 15 percent from next year as it focuses instead on its China operations, a newspaper said on Thursday.
Published 10 Dec, 2006 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 40,403 tonnes cargo including 35,362 tonnes import, 5,041 tonnes export cargo and 226 containers during last 24 hours ending at 0700 hours on Saturday. The cargo comprised of 40,403 tonnes dry cargo including 10,846 tonnes general
Published 10 Dec, 2006 12:00am
Catalina Marketing hires Goldman to explore sale

Catalina Marketing hires Goldman to explore sale

Catalina Marketing Corp said on Friday that it hired investment bank Goldman Sachs as an advisor after the company received take-over interest from a private equity firm.
Published 10 Dec, 2006 12:00am
ADB to loan $1 billion to India

ADB to loan $1 billion to India

The Asian Development Bank is to loan India $1 billion, the largest ever advance by the bank to a developing country, to help alleviate rural poverty, the Financial Times newspaper reported on Saturday.
Published 10 Dec, 2006 12:00am
Thousands of UK post offices to be shut down

Thousands of UK post offices to be shut down

Thousands of post offices across Britain may be closed under cost-cutting plans due to be announced next week, according to reports on Saturday. Newspapers said up to a fifth of the national network, or 3,000 branches, could be scrapped to stem losses cau
Published 10 Dec, 2006 12:00am
Nintendo Wii US sales top Sony's PS3

Nintendo Wii US sales top Sony's PS3

Nintendo Co Ltd sold 476,000 units of its new Wii video game console in the United States in November, more than twice the number of PlayStation 3s sold by rival Sony Corp, as the two consoles debuted mid-month, research group NPD said on Friday.
Published 10 Dec, 2006 12:00am
US plans $463 million sale of cars, trucks to Iraq

US plans $463 million sale of cars, trucks to Iraq

Iraq wants to buy $463 million worth of US trucks, trailers, ambulances, motorcycles and other vehicles to help equip the Iraqi army, the US Defence Security Co-operation Agency said on Friday.
Published 10 Dec, 2006 12:00am
US Congress passes tax, trade bill

US Congress passes tax, trade bill

Just hours before it ended, the Republican-led 109th Congress sent US President George W. Bush legislation early on Saturday to normalise trade with former enemy Vietnam, renew popular tax cuts and open the Gulf of Mexico to new oil and gas drilling.
Published 10 Dec, 2006 12:00am
Lend to beggars, Nobel laureate urges banks

Lend to beggars, Nobel laureate urges banks

World poverty could be consigned to museums if banks and governments stimulate the creative energies of millions of poor people, Muhammad Yunus, the winner of the 2006 Nobel Peace Prize, said on Saturday.
Published 10 Dec, 2006 12:00am
India targets nine percent growth

India targets nine percent growth

India said Saturday it was targeting "ambitious" nine percent annual economic growth as the central bank, in a surprise move, tightened monetary policy to avoid economic overheating.
Published 10 Dec, 2006 12:00am
Top Chinese planner sees GDP up 10.5 percent

Top Chinese planner sees GDP up 10.5 percent

China's economy is expected to expand by 10.5 percent this year, while consumer prices are likely to rise 1.3 percent, the country's top planner was quoted as saying on Saturday.
Published 10 Dec, 2006 12:00am
China to remove limits on interest rates

China to remove limits on interest rates

China will gradually remove the ceiling on deposit rates and the floor on lending rates as the health of its banking system improves, deputy central bank governor Wu Xiaoling said on Saturday.
Published 10 Dec, 2006 12:00am
China's top port builder raises $2.1 billion in IPO

China's top port builder raises $2.1 billion in IPO

China Communications Construction Co (CCCC), the country's top ports builder, raised US $2.1 billion after pricing its Hong Kong initial public offering at the top end of an indicated range, sources familiar with the deal said on Saturday.
Published 10 Dec, 2006 12:00am
China's top port builder raises $2.1 billion in IPO

China's top port builder raises $2.1 billion in IPO

China Communications Construction Co (CCCC), the country's top ports builder, raised US $2.1 billion after pricing its Hong Kong initial public offering at the top end of an indicated range, sources familiar with the deal said on Saturday.
Published 10 Dec, 2006 12:00am
FCC approves commissioner to vote on AT&T-BellSouth

FCC approves commissioner to vote on AT&T-BellSouth

US Federal Communications Commissioner Robert McDowell will be permitted to cast the tie-breaking vote on AT&T Inc's proposed acquisition of BellSouth Corp, the agency's general counsel said on Friday.
Published 10 Dec, 2006 12:00am
Italy sues Autostrade

Italy sues Autostrade

Italian highway regulator ANAS is taking toll-road operator Autostrade to court over 2 billion euros ($2.66 billion) of work it says was not carried out, a move that may jeopardise the company's take-over by Spain's Abertis.
Published 10 Dec, 2006 12:00am
Asean ministers sign pacts to speed up economic union

Asean ministers sign pacts to speed up economic union

Southeast Asian trade ministers late on Friday hastily signed four agreements aimed at speeding up regional economic union after the high-profile summit of Asian leaders this weekend was postponed due to a typhoon.
Published 10 Dec, 2006 12:00am
Canadian bonds fall

Canadian bonds fall

The Canadian domestic bond prices fell alongside US Treasuries on Friday, as robust November US jobs growth suggested to some that the US Federal Reserve may hold off cutting interest rates.
Published 10 Dec, 2006 12:00am
Canadian bonds fall

Canadian bonds fall

The Canadian domestic bond prices fell alongside US Treasuries on Friday, as robust November US jobs growth suggested to some that the US Federal Reserve may hold off cutting interest rates.
Published 10 Dec, 2006 12:00am
JGBs trim losses after soft machinery orders

JGBs trim losses after soft machinery orders

Japanese government bonds trimmed earlier losses on Friday after weaker than expected machinery orders cast doubt on whether the Bank of Japan will raise interest rates this month.
Published 10 Dec, 2006 12:00am
JGBs trim losses after soft machinery orders

JGBs trim losses after soft machinery orders

Japanese government bonds trimmed earlier losses on Friday after weaker than expected machinery orders cast doubt on whether the Bank of Japan will raise interest rates this month.
Published 10 Dec, 2006 12:00am
US corporate bonds spread soar on jobs data

US corporate bonds spread soar on jobs data

The US corporate bond market was firmer on Friday, in line with a stronger stock market, after government data showed stronger-than-expected jobs growth last month. The US economy added a stronger-than-forecast 132,000 jobs in November, the government rep
Published 10 Dec, 2006 12:00am
US corporate bonds spread soar on jobs data

US corporate bonds spread soar on jobs data

The US corporate bond market was firmer on Friday, in line with a stronger stock market, after government data showed stronger-than-expected jobs growth last month. The US economy added a stronger-than-forecast 132,000 jobs in November, the government rep
Published 10 Dec, 2006 12:00am
US Treasuries slip as job growth delays

US Treasuries slip as job growth delays

US Treasuries beat a retreat on Friday after stronger-than-expected November job growth pointed to a stable economy, causing investors to postpone the timing of a potential Federal Reserve interest-rate cut.
Published 10 Dec, 2006 12:00am
US Treasuries slip as job growth delays

US Treasuries slip as job growth delays

US Treasuries beat a retreat on Friday after stronger-than-expected November job growth pointed to a stable economy, causing investors to postpone the timing of a potential Federal Reserve interest-rate cut.
Published 10 Dec, 2006 12:00am
Growing field of Ethanol IPOs not a bumper crop

Growing field of Ethanol IPOs not a bumper crop

Ethanol may still be popular with US policy makers, but investors are increasingly leery. Ethanol's lack of visibility at gas stations is fuelling scepticism about the scheduled initial public offering of US BioEnergy Corp, a producer of the alternative f
Published 10 Dec, 2006 12:00am
European Stocks: focus on Fed, economic indicators

European Stocks: focus on Fed, economic indicators

European stock markets will keep a close eye on the US central bank's rate decision, while also watching economic indicators for future growth prospects, amid a thin corporate agenda next week.
Published 10 Dec, 2006 12:00am
Brazil stocks slightly up

Brazil stocks slightly up

Brazilian stocks seesawed on Friday to end trade slightly up and near the previous session's record high. The Sao Paulo Stock Exchange's benchmark Bovespa index rose 0.16 percent to close at 42,977 points.
Published 10 Dec, 2006 12:00am
Mexican stocks jump

Mexican stocks jump

Mexico's stock market rallied to its seventh consecutive record close on Friday. The benchmark IPC stock index ended up 0.46 percent, or 117.50 points, at 25,756.81 points, buoyed by firmer US stocks and upbeat end of year sentiment.
Published 10 Dec, 2006 12:00am
Toronto stocks tumble

Toronto stocks tumble

The Toronto Stock Exchange's main index dipped along with gold producers on Friday despite positive bank earnings and good news about the North American economy. The S&P/TSX composite index closed down 16.14 points, or 0.1 percent, at 12,899.58. Eight of
Published 10 Dec, 2006 12:00am
West African bourse starts trade in 2009 Ivorian bonds

West African bourse starts trade in 2009 Ivorian bonds

The Abidjan-based West African Stock Exchange (BRVM) on Friday started trading bonds totalling 84.2 billion CFA francs ($170.5 million) which were issued by Ivory Coast in June, bourse officials said.
Published 10 Dec, 2006 12:00am
West African bourse starts trade in 2009 Ivorian bonds

West African bourse starts trade in 2009 Ivorian bonds

The Abidjan-based West African Stock Exchange (BRVM) on Friday started trading bonds totalling 84.2 billion CFA francs ($170.5 million) which were issued by Ivory Coast in June, bourse officials said.
Published 10 Dec, 2006 12:00am
American credit market outlook

American credit market outlook

Credit spreads of US homebuilders have rallied in recent weeks but may slow down even as the housing market shows early signs of stabilising.
Published 10 Dec, 2006 12:00am
American credit market outlook

American credit market outlook

Credit spreads of US homebuilders have rallied in recent weeks but may slow down even as the housing market shows early signs of stabilising.
Published 10 Dec, 2006 12:00am
US stocks surge on robust job growth

US stocks surge on robust job growth

US stocks rose on Friday, ending the week with gains after data showed a healthy job market while Citigroup Inc shares surged on speculation the company may divest some businesses and shake up senior management.
Published 10 Dec, 2006 12:00am
Timing of next ECB rate hike marches to new tune

Timing of next ECB rate hike marches to new tune

After a year of orchestrating interest rate increases to a steady and predictable beat, the European Central Bank has struck some dissonant notes that make the timing of its next rate move much harder to interpret.
Published 10 Dec, 2006 12:00am
Low returns put some banks off foreign exchange prop trading

Low returns put some banks off foreign exchange prop trading

Trendless currency markets have dented banks' returns from foreign exchange proprietary trading, prompting some of them to close their prop desks. The Royal Bank of Scotland this week said it is shutting its foreign exchange proprietary trading desk - whe
Published 10 Dec, 2006 12:00am
Dollar surges versus euro

Dollar surges versus euro

The dollar rallied sharply on Friday as a mix of technical positioning, solid US jobs data and the Treasury secretary's remarks on the Chinese yuan led to a day of volatile trade.
Published 10 Dec, 2006 12:00am
Canadian dollar up

Canadian dollar up

The Canadian dollar was higher versus the greenback on Friday as a domestic report showed a jump in new home construction, while a downwardly revised US figure weighed on the US dollar. Domestic bonds were all lower as the stronger-than-expected headline
Published 10 Dec, 2006 12:00am
IMM speculators boost euro longs to all-time high

IMM speculators boost euro longs to all-time high

Currency speculators boosted their net long euro position to a record high and lifted short dollar contracts to a seven-month peak in the week to December 5, data from the Commodity Futures Trading Commission showed on Friday.
Published 10 Dec, 2006 12:00am
Traders bet against magazine cover stories on dollar

Traders bet against magazine cover stories on dollar

Some currency investors are literally judging a book by its cover. After seeing widely-read publications such as The Economist magazine plaster their front pages with stories about the collapse of the US dollar, some traders have come to the ironic conclu
Published 10 Dec, 2006 12:00am
Pakistan and Japan set for 'make or break' showdown

Pakistan and Japan set for 'make or break' showdown

Pakistan and Japan geared up for a crucial battle in the Asian Games men's field hockey with big wins over lowly rivals here on Saturday. Japan rode on a six-goal burst by penalty corner expert Takahiko Yamabori to blast hapless Hong Kong 12-1 and Pakista
Published 10 Dec, 2006 12:00am
Chappell and Ganguly back on good terms

Chappell and Ganguly back on good terms

India coach Greg Chappell and former captain Saurav Ganguly have settled their differences and reached a working relationship, it was reported in the Indian media on Saturday.
Published 10 Dec, 2006 12:00am
Shoaib, Asif to play in domestic Twenty20 tournament

Shoaib, Asif to play in domestic Twenty20 tournament

Pakistan fast bowlers Shoaib Akhtar and Mohammad Asif will return to action in a Twenty20 Cup domestic tournament later this month after being cleared of doping charges, an official said on Saturday.
Published 10 Dec, 2006 12:00am
Iran and Iraq march into Asian Games semi-final

Iran and Iraq march into Asian Games semi-final

Iran shattered China's Asian Games football gold medal hopes on Saturday with a marathon quarter-final penalty shootout win while Iraq's dream continued with a 2-1 extra-time triumph over Uzbekistan. In two dramatic matches, there were a total of four red
Published 10 Dec, 2006 12:00am
Controversial run out helps New Zealand beat Sri Lanka

Controversial run out helps New Zealand beat Sri Lanka

New Zealand stumbled to a controversial five-wicket win over Sri Lanka here Saturday in a low-scoring first cricket Test which lasted less than three days. The home side was set a target of just 119 to win after Sri Lanka's second innings ended in bizarre
Published 10 Dec, 2006 12:00am
West Indies vow to come out fighting against Pakistan

West Indies vow to come out fighting against Pakistan

West Indies captain Brian Lara said his team would come out fighting in the third day-night match against Pakistan in Lahore on Sunday, hoping that they could still win the one-day series.
Published 10 Dec, 2006 12:00am
Lebanese president rejects Hariri tribunal plan

Lebanese president rejects Hariri tribunal plan

Lebanon's pro-Syrian President Emile Lahoud refused on Saturday to endorse government plans for an international tribunal to try suspects in the 2005 killing of former Prime Minister Rafik al-Hariri.
Published 10 Dec, 2006 12:00am
Two women teachers among seven killed in Afghan violence

Two women teachers among seven killed in Afghan violence

Suspected Taliban militants gunned down five civilians including two female teachers while a roadside bomb killed two Nato-hired Afghan interpreters as violence continued in Afghanistan, officials said Saturday.
Published 10 Dec, 2006 12:00am
US Congress approves data privacy bill

US Congress approves data privacy bill

The US Senate on Friday passed without dissent legislation to ban the use of deceptive methods to obtain consumers' telephone records. With the Republican-led 109th Congress drawing to a close, the Senate approved the measure previously passed by the Hous
Published 10 Dec, 2006 12:00am
Bushfire smoke blankets Melbourne

Bushfire smoke blankets Melbourne

Smoke from bushfires burning hundreds of kilometres away blanketed Australia's second largest city Melbourne on Saturday, delaying flights and setting off fire alarms at the city's airport.
Published 10 Dec, 2006 12:00am
DNA tests confirm Diana's driver was drunk: BBC

DNA tests confirm Diana's driver was drunk: BBC

French investigators say new evidence confirms Princess Diana's driver Henri Paul was drunk on the night she died, the BBC reported in a documentary to be broadcast on Sunday.
Published 10 Dec, 2006 12:00am
North Korea talks likely in next 10 days: US

North Korea talks likely in next 10 days: US

A fresh round of six-party talks on ending North Korea's nuclear ambitions may take place in the next 10 days or so, a senior State Department official said on Friday.
Published 10 Dec, 2006 12:00am
Iran sets conditions for talks with US on Iraq

Iran sets conditions for talks with US on Iraq

Iran will only hold direct talks with the United States on Iraq if Washington announces plans to pull its troops out, Iranian Foreign Minister Manouchehr Mottaki said on Saturday.
Published 10 Dec, 2006 12:00am
Bush seeks political ties on new Iraq plan

Bush seeks political ties on new Iraq plan

President George W. Bush called on Democrats and Republicans on Saturday to work together on a new strategy for the war in Iraq after a high-level group said the administration's current approach was not working.
Published 10 Dec, 2006 12:00am
PGJDC to evolve strategy

PGJDC to evolve strategy

The second meeting of board of directors of Pakistan Gems and Jewellery Development Company (PGJDC) will be held in Karachi next week to discuss ways to promote gems and jewellery sector, which has the potential to contribute to the country's exports in a
Published 10 Dec, 2006 12:00am
CBR to honour corporate sector

CBR to honour corporate sector

In order to recognise services of country's corporate sector for the development of national economy, Large Taxpayers Unit (LTU), Lahore will arrange 'Excellence Award Ceremony' here on Wednesday (December 13). Chairman Central Board of Revenue (CBR), Muh
Published 10 Dec, 2006 12:00am
'Government to promote public-private partnership'

'Government to promote public-private partnership'

Faisalabad-Multan motorway (M-4) with a projected cost of US $24.5 billion, periodic overlay of M-2 and realignment of salt range with cost projected at US $11.8 billion among others and Karachi-Hyderabad motorway (M-9) with projected cost at US $105 mill
Published 10 Dec, 2006 12:00am
Government urged to resist financial institutions' pressure

Government urged to resist financial institutions' pressure

With reference to the World Bank and the International Monetary Fund reports on the alarming state of Pakistan's economy, the opposition on Saturday urged the government chalk out a new line of action with the consultation of the Parliament to come out of
Published 10 Dec, 2006 12:00am
NAB victimisation against opposition slated

NAB victimisation against opposition slated

The Pakistan People's Party (PPP) Saturday criticised NAB's victimisation against the opposition and demanded accountability for those people who are sitting in the Government to save their skin. Punjab PPPP President Makhdoom Shah Mehmood Qureshi said th
Published 10 Dec, 2006 12:00am
NAB has lost its sanctity, credibility: PPPP

NAB has lost its sanctity, credibility: PPPP

Babar Awan, PPP-P leader and counsel of PPP-P chairperson has said that national accountability bureau (NAB) has lost its sanctity and credibility after showing its inability to take action against the persons involved in mega scandals including sugar, fe
Published 10 Dec, 2006 12:00am
Team formed to address trade issues

Team formed to address trade issues

Punjab Commerce and Industries Minister has announced formation of a four-member team, with immediate effect, to study and address problems being faced by the trade community of the province.
Published 10 Dec, 2006 12:00am
Programme for special children

Programme for special children

Artist and social worker Jimmy Engineer is holding 'Fun and Food programme' for special children at a local hotel on Wednesday (December 13) at 10.00 am.
Published 10 Dec, 2006 12:00am
Rs 150 million cheques disbursed among cooperatives victims

Rs 150 million cheques disbursed among cooperatives victims

Ex-Chairman National Accountability Bureau Lieutenant General (Retd) Syed Muhammad Amjad Saturday said that NAB played important role in providing relief to victims of financial scams in the country and taking corrupt elements to task.
Published 10 Dec, 2006 12:00am
Mehfil-e-Mushaira

Mehfil-e-Mushaira

The Old Ravians Union (ORU) organised a Mehfil-e-Mushaira in the Bokhari auditorium of the GC University Lahore, in which poets presented their poetic verses.
Published 10 Dec, 2006 12:00am
Number of CNG stations rise

Number of CNG stations rise

The number of CNG filling stations in the country rose to 969, with the addition of 175 gas stations in during 2005-06. Mostly CNG filling stations are located in seven major cities (Karachi, Lahore, Islamabad, Peshawar, Rawalpindi, Faisalabad and Gujranw
Published 10 Dec, 2006 12:00am
Palestinian women on Gaza frontline

Palestinian women on Gaza frontline

Palestinian women secured their place on the frontline of conflict with Israel when a grandmother and a teenager blew themselves up in Gaza and mothers braved gunfire to free men trapped in a mosque.
Published 10 Dec, 2006 12:00am
Saving Quaid's Pakistan

Saving Quaid's Pakistan

In recent weeks, President Musharraf has made a number of statements. At least two of them can be singled out as very significant from the viewpoint of saving the Federation of Pakistan and ensuring its future political viability.
Published 10 Dec, 2006 12:00am
A new milestone

A new milestone

A lasting symbol of exemplary friendship between Pakistan and China, Karakoram Highway (KKH) added a new chapter to its history with the arrival of the first container from Pakistan in Almaty through it.
Published 10 Dec, 2006 12:00am
ECC decisions

ECC decisions

The Economic Co-ordination Committee (ECC) of the Cabinet, which met on Wednesday with Prime Minister Shaukat Aziz in the chair, took a number of decisions, mostly of popular appeal, though punctuated by some others that may sound irksome or controversial
Published 10 Dec, 2006 12:00am
Karachi's power failures

Karachi's power failures

Karachi's industrial production has suffered an aggregate loss of Rs 2.5 billion in just two days (Sunday and Monday) of power supply failure in its four premier industrial estates, ie SITE, Korangi, Federal B Area, and Landhi due to torrential rains in t
Published 10 Dec, 2006 12:00am
Cold and dry weather forecast

Cold and dry weather forecast

Met office has forecast a cold and dry weather in the city for next 24 hours. The minimum temperature will remain in the range of 9 to 11 degrees centigrade on Sunday.
Published 10 Dec, 2006 12:00am
NAB recovers Rs 185 million, pays back to victims

NAB recovers Rs 185 million, pays back to victims

The National Accountability Bureau (NAB), Rawalpindi, has distributed cheques worth Rs 185 million among 88 victims of Askaria Town land scam. The total scam amounts to Rs 500 million. NAB Rawalpindi Director General Rear Admiral Pervaiz Asghar distribute
Published 10 Dec, 2006 12:00am
NAB to issue performance calendar every year

NAB to issue performance calendar every year

The National Accountability Bureau will issue a performance calendar on December 9 every year so that the people could evaluate its efforts to curb corruption, NAB Chairman Lieutenant General (R) Shahid Aziz said here Saturday.
Published 10 Dec, 2006 12:00am
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