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Dec 26, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2007-01-17
Argentina stocks edge up

Argentina stocks edge up

Argentine stocks closed slightly higher on Monday on selective buying among leading shares, but trade volume fell to its lowest level in four months due to a US market holiday, traders said.
Published 17 Jan, 2007 12:00am
Indonesian share prices higher

Indonesian share prices higher

Indonesian share prices closed 1.38 percent higher Tuesday on an extended technical rebound, supported by Perusahaan Gas Negara which surged after it resumed trading, dealers said.
Published 17 Jan, 2007 12:00am
Swiss franc stuck near lows versus euro

Swiss franc stuck near lows versus euro

The Swiss franc crept higher against the dollar in early trade on Tuesday but remained close to multi-year lows against the euro as investors continued to sell it to fund investments in higher-yielding currencies.
Published 17 Jan, 2007 12:00am
Chinese yuan extends gains

Chinese yuan extends gains

The yuan rose against the dollar for a third straight session on Tuesday after a think tank of China's Ministry of Commerce said the currency is undervalued and further appreciation is needed to help the economy. The yuan closed to 7.900 per dollar on Tue
Published 17 Jan, 2007 12:00am
Yen hobbled even as traders eye BoJ rate rise

Yen hobbled even as traders eye BoJ rate rise

The yen hovered near a 13-month trough against the dollar on Tuesday, getting little reprieve despite market expectations for a Bank of Japan interest rate rise later this week.
Published 17 Jan, 2007 12:00am
Asian currencies firm

Asian currencies firm

Most Asian currencies rose on Tuesday as investor sentiment improves steadily after a recent sell-off, shrugging off the impact of a weak yen ahead of a Bank of Japan policy meeting later this week.
Published 17 Jan, 2007 12:00am
Hong Kong dollar stays weak

Hong Kong dollar stays weak

The Hong Kong dollar slipped against the US dollar on Tuesday, undermined by persistent arbitrage activities. The domestic currency had weakened to 7.8004 to the US dollar - its lowest level since the Hong Kong Monetary Authority (HKMA) introduced three r
Published 17 Jan, 2007 12:00am
Hewitt beats Russell

Hewitt beats Russell

Australia's 19th seed Lleyton Hewitt fought back from losing the opening two sets to down American qualifier Michael Russell at the Australian Open here on Tuesday. Hewitt overcame Russell to win 3-6, 2-6, 6-3, 6-3, 6-3 in 3hr 29 min and will now play Can
Published 17 Jan, 2007 12:00am
Sharapova survives in scorching heat

Sharapova survives in scorching heat

A dazed and confused Maria Sharapova survived a melting at the Australian Open on Tuesday when players struggled to last the distance in sweltering conditions.
Published 17 Jan, 2007 12:00am
Standings

Standings

Standings in the limited-overs tri-series between Australia, England and New Zealand after England beat New Zealand by three wickets in Hobart on Tuesday:

Published 17 Jan, 2007 12:00am
Flintoff steers England to first win on tour

Flintoff steers England to first win on tour

Andrew Flintoff scored a brilliant half-century to steer England to a morale-boosting three-wicket victory over New Zealand in the third tri-series one-day international in Hobart on Tuesday.
Published 17 Jan, 2007 12:00am
Malaysia's Anwar urges probe of Russian jet deal

Malaysia's Anwar urges probe of Russian jet deal

Opposition figure Anwar Ibrahim on Tuesday questioned the integrity of Malaysia's purchase of Russian warplanes, and asked the police and the anti-corruption agency to probe the deal. Malaysia ordered 18 Sukhoi SU-30MK planes in 2003, the first of which w
Published 17 Jan, 2007 12:00am
Execution of Saddam's henchmen stirs more criticism

Execution of Saddam's henchmen stirs more criticism

Hundreds of Sunni Arabs paid their respects Tuesday to former henchmen of Saddam Hussein convicted of crimes against humanity and buried near the former Iraqi dictator's own grave after a gruesome hanging.
Published 17 Jan, 2007 12:00am
Somali stabilisation efforts gather pace

Somali stabilisation efforts gather pace

Efforts to bring stability to lawless Somalia gathered pace Tuesday when east African leaders urged non-regional states to contribute troops to a proposed controversial peacekeeping mission.
Published 17 Jan, 2007 12:00am
Hamas denies Gaza tunnels dug to kill Fatah leaders

Hamas denies Gaza tunnels dug to kill Fatah leaders

Hamas said on Tuesday tunnels dug by Palestinians under the Gaza Strip were aimed at foiling possible Israeli ground offensives and not at killing prominent leaders of the rival Fatah faction.
Published 17 Jan, 2007 12:00am
High hope in Nepal after Maoists enter parliament

High hope in Nepal after Maoists enter parliament

Nepalis woke to an unexpected public holiday on Tuesday as their political leaders and senior Maoists hailed the birth of a new nation after the former rebels, who waged war for a decade, took their seats in parliament.
Published 17 Jan, 2007 12:00am
US commander wants more troops against Taliban surge

US commander wants more troops against Taliban surge

The senior US commander in Afghanistan pressed Tuesday for more troops to confront a major surge in Taliban attacks, notably out of Pakistan, as he briefed visiting US Defence Secretary Robert Gates.
Published 17 Jan, 2007 12:00am
North Korea billed $2 billion for scrapped nuclear deal

North Korea billed $2 billion for scrapped nuclear deal

An international consortium has demanded North Korea pay almost $2 billion in compensation for a project to build two nuclear reactors that was scrapped after the United States accused Pyongyang of cheating on the deal.
Published 17 Jan, 2007 12:00am
Bird flu flares again in Asia

Bird flu flares again in Asia

Indonesia prepared more hospitals to deal with bird flu cases and Japan confirmed a first outbreak of H5N1 in poultry in three years on Tuesday as the virus flared again in Asia, mirroring past winters.
Published 17 Jan, 2007 12:00am
34,000 Iraqis killed in 2006: UN

34,000 Iraqis killed in 2006: UN

The United Nations said on Tuesday more than 34,000 Iraqi civilians were killed in violence last year and it chided the government for allowing the killers, some of them inside the security forces, to go unpunished.
Published 17 Jan, 2007 12:00am
Baghdad university bombing kills 65

Baghdad university bombing kills 65

Sixty-five people, including students and teachers, were killed Tuesday in the most devastating attack this year as a suicide bomber and a car bomb wreaked havoc outside a Baghdad university.
Published 17 Jan, 2007 12:00am
Tigers claim killing 45 troops

Tigers claim killing 45 troops

Sri Lanka's Tamil Tiger rebels Tuesday said they resisted a major military offensive against them by killing at least 45 government troops for the loss of 12 of their own fighters.
Published 17 Jan, 2007 12:00am
Israel to use pilot ID system to foil suicide hijack

Israel to use pilot ID system to foil suicide hijack

Israel will this year issue all commercial airlines that fly to its territory with a locally invented pilot identification system designed to prevent September 11-style attacks, Israeli officials said on Tuesday.
Published 17 Jan, 2007 12:00am
Thailand attacks Singapore for Thaksin meeting

Thailand attacks Singapore for Thaksin meeting

Thailand's military government on Tuesday cancelled a visit by Singapore's foreign minister in protest at a meeting between ousted Prime Minister Thaksin Shinawatra and one of the city-state's cabinet ministers.
Published 17 Jan, 2007 12:00am
Saudi Arabia backs US Iraq plan

Saudi Arabia backs US Iraq plan

The United States won Saudi backing on Tuesday for a US plan to stabilise Iraq, but Washington's Gulf ally said success depended on Baghdad tackling sectarian strife driving the country towards civil war.
Published 17 Jan, 2007 12:00am
Nigerian gunmen kill 12, oil stations evacuated

Nigerian gunmen kill 12, oil stations evacuated

Western oil companies evacuated staff from three oilfields in Nigeria's southern Niger Delta on Tuesday after gunmen killed 12 people including four community chiefs in a dispute over oil money.
Published 17 Jan, 2007 12:00am
Somali government lifts ban on media

Somali government lifts ban on media

The Somali government on Tuesday relaxed a ban on four major media outlets it had closed, accusing them of biased coverage during the Horn of Africa nation's recent war, media owners said.
Published 17 Jan, 2007 12:00am
Russian missiles delivered to Iran

Russian missiles delivered to Iran

Russia said on Tuesday it had delivered new anti-aircraft missile systems to Iran and would consider further requests by Tehran for defensive weapons. Washington and Israel, who accuse Tehran of seeking to develop nuclear arms and undermining security in
Published 17 Jan, 2007 12:00am
Indian rupee ends flat

Indian rupee ends flat

The Indian rupee ended steady on Tuesday as demand for dollars from oil importers was offset by expectations of capital flows into the stock market. The partially convertible rupee ended at 44.270/280 per dollar, easing from an early high of 44.25, which
Published 17 Jan, 2007 12:00am
Sterling slips

Sterling slips

Sterling fell on Tuesday after data showed that British inflation in December was above consensus forecasts but not as high as many had anticipated given the Bank of England's surprise interest rate increase last week.
Published 17 Jan, 2007 12:00am
Yen falls versus euro and dollar

Yen falls versus euro and dollar

The yen fell against the euro and dollar on Tuesday after a Japanese television report suggesting that the Bank of Japan may not raise interest rates at its policy meeting this week.
Published 17 Jan, 2007 12:00am
Bonds: Portugal Telecom and Fiat lead rally

Bonds: Portugal Telecom and Fiat lead rally

Portugal Telecom and Italian carmaker Fiat spearheaded a rally in European credit on Tuesday, as investor desire to take on more credit risk bolstered the wider market.
Published 17 Jan, 2007 12:00am
Bonds: Portugal Telecom and Fiat lead rally

Bonds: Portugal Telecom and Fiat lead rally

Portugal Telecom and Italian carmaker Fiat spearheaded a rally in European credit on Tuesday, as investor desire to take on more credit risk bolstered the wider market.
Published 17 Jan, 2007 12:00am
Indian shares ease

Indian shares ease

Indian shares hit their third record high in as many days on Tuesday before ending down 0.11 percent as investors took a breather after the market had risen more than 5.5 percent over the previous three days.
Published 17 Jan, 2007 12:00am
UK's top share index falls

UK's top share index falls

Britain's FTSE 100 index ended down 0.8 percent on Tuesday, as commodities dragged and inflationary data left many investors uncertain over the interest rate picture. As gold prices fell, BHP Billiton dipped 1.4 percent, Rio Tinto lost 1.8 percent, Antofa
Published 17 Jan, 2007 12:00am
Vietnam to export more rubber in 2007

Vietnam to export more rubber in 2007

Vietnam's natural rubber exports this year are forecast to rise 7 percent to 750,000 tonnes as new markets open in Europe and a lower proportion of exports will go to China, an industry official said on Tuesday.
Published 17 Jan, 2007 12:00am
Indian jewellers offer ties to Italy

Indian jewellers offer ties to Italy

Indian jewellers - who took over the global leadership from Italians - urged their rivals to leave hard feelings behind and work together, sharing manufacturing and design skills to conquer world markets.
Published 17 Jan, 2007 12:00am
Oil plunges above three percent

Oil plunges above three percent

Oil prices plunged more than 3 percent on Tuesday after Saudi Arabia said Opec production cuts were working well and there was no need for an emergency meeting of the producer group. US crude settled down $1.78 to $51.21 per barrel after touching $50.53,
Published 17 Jan, 2007 12:00am
Oil plunges above three percent

Oil plunges above three percent

Oil prices plunged more than 3 percent on Tuesday after Saudi Arabia said Opec production cuts were working well and there was no need for an emergency meeting of the producer group. US crude settled down $1.78 to $51.21 per barrel after touching $50.53,
Published 17 Jan, 2007 12:00am
Oil plunges above three percent

Oil plunges above three percent

Oil prices plunged more than 3 percent on Tuesday after Saudi Arabia said Opec production cuts were working well and there was no need for an emergency meeting of the producer group. US crude settled down $1.78 to $51.21 per barrel after touching $50.53,
Published 17 Jan, 2007 12:00am
Ukraine's grain crop down

Ukraine's grain crop down

Ukraine's grain harvest fell by 9.9 percent to 34.251 million tonnes in 2006 due to a decline in area and yield, the State Statistics Committee said on Tuesday. It said wheat harvest fell 25.4 percent to 13.947 million tonnes and the maize crop 10.4 perce
Published 17 Jan, 2007 12:00am
New York cotton settles firm as trade awaits leads

New York cotton settles firm as trade awaits leads

Cotton futures closed higher Tuesday on speculative buying as the market struggled to find direction since most players were looking to the grains pit for leads on their next move after a holiday break, analysts said. The cotton market was shut Monday for
Published 17 Jan, 2007 12:00am
London sugar ends mostly up

London sugar ends mostly up

London white sugar futures closed mostly higher on Tuesday with the market consolidating after its recent fall to a 13-month low, dealers said. March finished up $1.80 a tonne at $327.80 after trading in a range of $323.20 to $329.00. The front month fell
Published 17 Jan, 2007 12:00am
Aluminium edgy, copper underpinned by stock fall

Aluminium edgy, copper underpinned by stock fall

Trade in aluminium was choppy on Tuesday while copper prices were underpinned by a drop in London Metal Exchange stocks, but economic growth and demand worries capped prices, analysts said. Aluminium for delivery in three months closed at $2,681 a tonne o
Published 17 Jan, 2007 12:00am
Gold slips in London

Gold slips in London

Gold slipped in Europe on Tuesday after trading in a narrow band, but analysts and traders said the metal should gain in the near term on a dollar decline. Prices sat in a tight $3-an-ounce range most of the day, before drifting to $624.20/625.20 an ounce
Published 17 Jan, 2007 12:00am
US MIDDAY: wheat lower

US MIDDAY: wheat lower

Wheat futures on the Chicago Board of Trade turned lower early on Tuesday on a profit-taking setback after the gains on Friday, traders said. Wheat climbed on Friday following a surge to a 10-year top in corn futures after the release of bullish corn crop
Published 17 Jan, 2007 12:00am
US MIDDAY: corn higher

US MIDDAY: corn higher

Corn futures on the Chicago Board of Trade rose sharply early on Tuesday with March surging the 20 cent per bushel trading limit and up 5 percent to a 10-year high, traders said. At 10:08 am CST (1608 GMT), CBOT corn was up 1 to 20 cents per bushel, with
Published 17 Jan, 2007 12:00am
US MIDDAY: copper easier

US MIDDAY: copper easier

US copper futures were easier in thin morning business on Tuesday, weighed down by a weaker tone in overseas markets as demand concerns tied to rising stockpiles limited the upside interest, traders said.
Published 17 Jan, 2007 12:00am
US MIDDAY: soyabeans down

US MIDDAY: soyabeans down

Soyabean futures at the Chicago Board of Trade turned lower on Tuesday on a profit-taking setback from the rally on Friday that was triggered by a surge to 10-year highs in corn, traders said.
Published 17 Jan, 2007 12:00am
US MIDDAY: gold slightly up

US MIDDAY: gold slightly up

US gold futures inched up early on Tuesday, following strong gains from the previous session, lifted by physical buying, a lower dollar and soft oil prices.
Published 17 Jan, 2007 12:00am
Cut in oil prices to provide relief to people

Cut in oil prices to provide relief to people

The federal government has provided relief to the people especially low income segment of the society by reducing prices of petrol and diesel, which will also result in decrease in the rate of essential items besides cut in the expenditure on transportati
Published 17 Jan, 2007 12:00am
Peshawar Museum's centenary celebrations end

Peshawar Museum's centenary celebrations end

The week-long Centenary Celebrations of Peshawar Museum concluded at Peshawar. The NWFP Chief Minister Akram Khan Durrani had opened the celebrations in a function in the main hall of Peshawar Museum while Governor NWFP Lieutenant General Ali Mohammad Jan
Published 17 Jan, 2007 12:00am
'Country may face 1971-like situation if polls not held free, fair'

'Country may face 1971-like situation if polls not held free, fair'

The speakers at a seminar on Monday warned that the country could face a 1971-like situation if the coming elections were not held free and fair. The seminar was organised by Sustainable Development and Policy Institute (SDPI) on "Is a Free and Fair Elect
Published 17 Jan, 2007 12:00am
Senate body snarls at media exploitation of women

Senate body snarls at media exploitation of women

The Senate Standing Committee on Women Development has taken strong exception to exploitation of women on media specially in advertisements and directed the Ministry of Women Development to take necessary steps.
Published 17 Jan, 2007 12:00am
Plea to check inflation

Plea to check inflation

It is unfortunate that inflation in the country is in full swing due to which general public is greatly disturbed. The continuous inflation shows that Price Control Authority is not actively working due to which traders from top to bottom are selling comm
Published 17 Jan, 2007 12:00am
Mangla Fort, a historical heritage

Mangla Fort, a historical heritage

Mangla, famous for its old historical fort, 100 square miles lake, dam, head works, hydro-electrical power station and army garrison and fresh fish from fresh water of Mangla Lake and Jhelum River (especially Mahasher) is known as the "Gateway to Kashmir"
Published 17 Jan, 2007 12:00am
Baghdad families imprisoned, divided by fear

Baghdad families imprisoned, divided by fear

For Abu Mina, a ceramic artist and professor, Baghdad is one big jail - too dangerous for him to live with his wife and daughters, too dangerous for him to meet his students openly, too dangerous to work in his studio.
Published 17 Jan, 2007 12:00am
Quake predictors win fans but face fines in Taiwan

Quake predictors win fans but face fines in Taiwan

Last month's earthquake off Taiwan that killed two people and injured 42 has revived a debate on earthquake prediction as several residents of the island claimed they had predicted it because they heard strange sounds or had chest pains.
Published 17 Jan, 2007 12:00am
Need to restructure Heavy Mechanical Complex

Need to restructure Heavy Mechanical Complex

In a latest and unexpected move, the government has taken Heavy Mechanical Complex (HMC) off the privatisation list, at the time when its privatisation process was in an advanced stage.
Published 17 Jan, 2007 12:00am
A matter of grave concern

A matter of grave concern

Sadly, Pakistan figures prominently in reports prepared by four media organisations and released recently by the International Federation of Journalists (IFJ), declaring 2006 as the bloodiest year for journalists around the world.
Published 17 Jan, 2007 12:00am
Differing roles and responsibilities

Differing roles and responsibilities

US Assistant Secretary of State Richard Boucher said in Islamabad on Friday that despite the North Waziristan agreement, "terrorists are still going into Afghanistan." He was quick to add though that the US did not succeed either "to curb violence and ext
Published 17 Jan, 2007 12:00am
Australian law officer calls on minister

Australian law officer calls on minister

Attorney General of Australia, Phillip Ruddock and Federal Minister for Law Justice and Human Rights Wasi Zafar here on Monday discussed the abduction issues committed by their immigrant parents. Ruddock informed the minister that the abduction of Austral
Published 17 Jan, 2007 12:00am
Blood transfusion training workshop opens today

Blood transfusion training workshop opens today

A three-day training workshop on "Blood Transfusion Laboratory Techniques" will begin in Pakistan Institute of Medical Sciences (PIMS) on Wednesday. The workshop is being conducted for the benefit of the laboratory technicians working in different blood b
Published 17 Jan, 2007 12:00am
Call to rationalise drugs pricing policy

Call to rationalise drugs pricing policy

Despite tall claims of the government, various brands of same medicine are being sold at very different prices across the country. Different Non-Governmental Organisations (NGOs) have always criticised the government medicine pricing policy and questioned
Published 17 Jan, 2007 12:00am
Sales tax refunds issue tops collectors moot agenda

Sales tax refunds issue tops collectors moot agenda

The issue of sales tax refund would be on top of the agenda of the collectors' conference on January 23, 2007. It is learnt that the CBR has issued instructions to the collectors of sales tax to thoroughly examine the refund-related issues and bring every
Published 17 Jan, 2007 12:00am
MCC for setting up steel mill at Kalabagh: Jadoon

MCC for setting up steel mill at Kalabagh: Jadoon

President, China Metallurgical Corporation (MCC), Young Fu called on Federal Minister for Petroleum and Natural Resources, Amanullah Khan Jadoon and discussed progress of Dudder Lead-Zinc project being carried out by his Company in Balochistan. Amanullah
Published 17 Jan, 2007 12:00am
Roohi Bano all set to perform on mini screen again

Roohi Bano all set to perform on mini screen again

Roohi Bano who dominated the mini-screen for nearly two decades, is all set to once again show her artistic prowess on TV, as she has almost recovered from her mental ailment that had impeded her art performance over a period of time.
Published 17 Jan, 2007 12:00am
Lahore city divided into 13 sectors for car parking

Lahore city divided into 13 sectors for car parking

Lahore city has been divided into 13 sectors, having 56-car parking stands on 32 main roads. This was submitted by the City District government Lahore (CDGL) in its reply to a petition filed by a member of the Lahore High Court Bar Association (LHCBA) cha
Published 17 Jan, 2007 12:00am
20,000 police to be deployed in Rawalpindi during Muharram

20,000 police to be deployed in Rawalpindi during Muharram

Security has been beefed up in Rawalpindi division and more than 20,000 police personnel would be deployed in Rawalpindi during the upcoming month of Muharramul Haram, said Syed Muravet Ali Shah, Deputy Inspector General (DIG) Rawalpindi Range here on Tue
Published 17 Jan, 2007 12:00am
FC and Citizen Foundation join hands to promote education

FC and Citizen Foundation join hands to promote education

The Frontier Constabulary (FC) and Citizen Foundation, a Pakistan based organisation, on Tuesday signed a memorandum of understanding (MoU) for promotion of education in areas bordering the impoverished tribal belt.
Published 17 Jan, 2007 12:00am
Ombudsman for efficient use of Sugar Fund

Ombudsman for efficient use of Sugar Fund

The Ombudsman Sindh Yousuf Jamal has directed the authority concerned for specified and efficient utilisation of the Sugar Cess Development Fund and to ensure farm-to-market roads facilities to the growers of the areas concerned. This he directed while ho
Published 17 Jan, 2007 12:00am
Pacra maintains ratings of AAML

Pacra maintains ratings of AAML

The Pakistan Credit Rating Agency (Pacra) has maintained asset manager rating of Atlas Asset Management Limited (AAML) at 'AM3+'. According to Pacra analysts here on Tuesday, the rating reflects the company's strong capacity to master the risks inherent i
Published 17 Jan, 2007 12:00am
Pacra maintains ratings of AAML

Pacra maintains ratings of AAML

The Pakistan Credit Rating Agency (Pacra) has maintained asset manager rating of Atlas Asset Management Limited (AAML) at 'AM3+'. According to Pacra analysts here on Tuesday, the rating reflects the company's strong capacity to master the risks inherent i
Published 17 Jan, 2007 12:00am
Transporters say cut in oil price too late, too little

Transporters say cut in oil price too late, too little

Terming the cut of Rs 4 per litre on petrol and Rs 1 per litre on diesel Karachi transporters rejected it here on Tuesday and vowed for a countrywide struggle and protest for a proportional cut in oil prices according to international market rates.
Published 17 Jan, 2007 12:00am
Abolition of tax on LPG import demanded

Abolition of tax on LPG import demanded

LPG Distributors Welfare Association Chairman, Hadi Khan has urged the government to abolish 6 percent withholding tax and 15 percent sales tax on imported liquid petroleum gas (LPG) to reduce difference in prices between locally produced and imported LPG
Published 17 Jan, 2007 12:00am
BMA Capital launches financial portal

BMA Capital launches financial portal

BMA Capital has launched its state-of-the-art online financial portal on Internet, with its address: 'http://research. bmacapital.com'. Responding to the needs of Pakistani investors who are increasingly depending on precise and timely research to reach t
Published 17 Jan, 2007 12:00am
BMA Capital launches financial portal

BMA Capital launches financial portal

BMA Capital has launched its state-of-the-art online financial portal on Internet, with its address: 'http://research. bmacapital.com'. Responding to the needs of Pakistani investors who are increasingly depending on precise and timely research to reach t
Published 17 Jan, 2007 12:00am
Golf tournament starts from January 19

Golf tournament starts from January 19

The 17th Corps Commander Cup golf tournament will get underway here at Lahore Garrison and Country Club from January 19. Brigadier Raza Zafeer, President Lahore Garrison and Country Club stated this at a news conference, here on Tuesday.
Published 17 Jan, 2007 12:00am
Revenue officers assigned powers of judicial magistrates

Revenue officers assigned powers of judicial magistrates

The District Co-ordination Officer Hyderabad Muhammad Hussain Syed while exercising the powers vested upon him under section 14-A (2) of the Code of Criminal Procedure 1898, has assigned powers of Special Judicial Magistrates to eleven Revenue Officers of
Published 17 Jan, 2007 12:00am
Sindh coal can help avert energy crisis: Arbab

Sindh coal can help avert energy crisis: Arbab

Sindh Chief Minister Dr Arbab Ghulam Rahim on Tuesday said that national energy crisis could be averted by utilising huge coal reserves in the province.
Published 17 Jan, 2007 12:00am
Petroleum dealers for action against illegal oil depots

Petroleum dealers for action against illegal oil depots

Pakistan Petroleum Dealers Association (PPDA) has urged the government to take action against the illegal oil depots, selling substandard smuggled oil products. PPDA Chairman, Abdul Sami Khan said here on Tuesday that these illegal depots, commonly known
Published 17 Jan, 2007 12:00am
Ombudsman pays visit to artists' bereaved families

Ombudsman pays visit to artists' bereaved families

The Ombudsman Sindh Yousif Jamal has expressed his deep concern over sad demise of renowned artist Zaffar Kazmi and renowned poet, writer and intellectual Illias Ishqi and visited their houses to offer fateha with their bereaved families on Sunday evening
Published 17 Jan, 2007 12:00am
Government urged to halt work on islands

Government urged to halt work on islands

The Sindhi Association of North America (Sana) has expressed solidarity with the indigenous communities and called upon government to immediately halt the work at the twin islands off Karachi, cancel its agreement with the foreign firm, and desist from th
Published 17 Jan, 2007 12:00am
Pacra maintains asset manager rating of AAML

Pacra maintains asset manager rating of AAML

The Pakistan Credit Rating Agency (Pacra) has maintained asset manager rating of Atlas Asset Management Limited (AAML) at "AM3+." The rating reflects the company's strong capacity to master the risks inherent in asset management and the asset manager meet
Published 17 Jan, 2007 12:00am
Pacra maintains asset manager rating of AAML

Pacra maintains asset manager rating of AAML

The Pakistan Credit Rating Agency (Pacra) has maintained asset manager rating of Atlas Asset Management Limited (AAML) at "AM3+." The rating reflects the company's strong capacity to master the risks inherent in asset management and the asset manager meet
Published 17 Jan, 2007 12:00am
75 locomotives to be imported

75 locomotives to be imported

The government will soon float international tenders for the import of 75 locomotives to overcome the shortage, which is causing huge losses to Pakistan Railways.
Published 17 Jan, 2007 12:00am
First ever Fata Levies under training

First ever Fata Levies under training

The Project Director Law Enforcing Agencies (Fata) Colonel Said Rasool (Retd) has disclosed that the strength of 500 newly-recruited Levies jawans will be trained during 12 months till December 2007. He was addressing the first ever batch of the Levies fo
Published 17 Jan, 2007 12:00am
'New water reservoirs to help reduce poverty'

'New water reservoirs to help reduce poverty'

The construction of new water reservoirs will be helpful in bringing more land under cultivation in Sindh, which will ultimately bring down poverty rate in the province. Deputy Speaker Sindh Assembly, Raheela Tiwana said this while talking to newsmen at L
Published 17 Jan, 2007 12:00am
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