AGL 40.02 Decreased By ▼ -0.01 (-0.02%)
AIRLINK 127.99 Increased By ▲ 0.29 (0.23%)
BOP 6.66 Increased By ▲ 0.05 (0.76%)
CNERGY 4.44 Decreased By ▼ -0.16 (-3.48%)
DCL 8.75 Decreased By ▼ -0.04 (-0.46%)
DFML 41.24 Decreased By ▼ -0.34 (-0.82%)
DGKC 86.18 Increased By ▲ 0.39 (0.45%)
FCCL 32.40 Decreased By ▼ -0.09 (-0.28%)
FFBL 64.89 Increased By ▲ 0.86 (1.34%)
FFL 11.61 Increased By ▲ 1.06 (10.05%)
HUBC 112.51 Increased By ▲ 1.74 (1.57%)
HUMNL 14.75 Decreased By ▼ -0.32 (-2.12%)
KEL 5.08 Increased By ▲ 0.20 (4.1%)
KOSM 7.38 Decreased By ▼ -0.07 (-0.94%)
MLCF 40.44 Decreased By ▼ -0.08 (-0.2%)
NBP 61.00 Decreased By ▼ -0.05 (-0.08%)
OGDC 193.60 Decreased By ▼ -1.27 (-0.65%)
PAEL 26.88 Decreased By ▼ -0.63 (-2.29%)
PIBTL 7.31 Decreased By ▼ -0.50 (-6.4%)
PPL 152.25 Decreased By ▼ -0.28 (-0.18%)
PRL 26.20 Decreased By ▼ -0.38 (-1.43%)
PTC 16.11 Decreased By ▼ -0.15 (-0.92%)
SEARL 85.50 Increased By ▲ 1.36 (1.62%)
TELE 7.70 Decreased By ▼ -0.26 (-3.27%)
TOMCL 36.95 Increased By ▲ 0.35 (0.96%)
TPLP 8.77 Increased By ▲ 0.11 (1.27%)
TREET 16.80 Decreased By ▼ -0.86 (-4.87%)
TRG 62.20 Increased By ▲ 3.58 (6.11%)
UNITY 28.07 Increased By ▲ 1.21 (4.5%)
WTL 1.32 Decreased By ▼ -0.06 (-4.35%)
BR100 10,081 Increased By 80.6 (0.81%)
BR30 31,142 Increased By 139.8 (0.45%)
KSE100 94,764 Increased By 571.8 (0.61%)
KSE30 29,410 Increased By 209 (0.72%)
Nov 15, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2007-05-24
Jakarta shares climb

Jakarta shares climb

Indonesian share prices closed 1.23 percent higher on Wednesday on follow through buying that helped the main index finish at a new all-time high, dealers said. They said a strong rebound in index heavyweight Telkom also helped the index reach a new recor
Published 24 May, 2007 12:00am
Tokyo stocks finish firmer

Tokyo stocks finish firmer

The Nikkei rose 0.14 percent on Wednesday as shares of Japan's three largest banks extended gains on profit prospects this year but Nippon Sheet Glass Co Ltd dropped on a lower forecast, curbing the overall gains. Acom Co and other consumer lenders surged
Published 24 May, 2007 12:00am
New Zealand shares up

New Zealand shares up

New Zealand share prices rose 0.53 percent for another record finish on Wednesday as investors followed gains in the Australian market, dealers said. The NZX-50 gross index added 22.98 points to 4,312.57 on turnover of 154.6 million dollars (112.3 million
Published 24 May, 2007 12:00am
Indian stocks decline

Indian stocks decline

Indian share prices fell 0.63 percent on Wednesday, snapping five days of gains, as investors locked in gains, dealers said. They said underlying buying momentum, however, remained strong, adding the markets could move to new record highs. The benchmark 3
Published 24 May, 2007 12:00am
Thai share prices slip

Thai share prices slip

Thai share prices closed 0.21 percent lower on Wednesday as investors locked in profits in banking and construction stocks, dealers said. They said the central bank's decision to cut its key interest rate by a half-point to 3.5 percent failed to boost the
Published 24 May, 2007 12:00am
Swiss franc firms

Swiss franc firms

The Swiss franc firmed against the euro and the dollar on Wednesday after the head of the Swiss central bank called for vigilance in case currency weakness pushes up inflation. The franc was trading 0.07 percent higher against the euro at 1.6526 per euro,
Published 24 May, 2007 12:00am
Yuan edges up

Yuan edges up

China's yuan inched up against the dollar on Wednesday, despite a post-revaluation mid-point high set by the central bank, as dealers expect the currency to lose momentum as Sino-US trade talks in Washington come to a close.
Published 24 May, 2007 12:00am
Dollar hits three-month high

Dollar hits three-month high

The dollar hit a three-month high against the yen and hovered around its strongest against the euro in six weeks on Wednesday, supported by receding expectations for the Federal Reserve to cut interest rates later this year.
Published 24 May, 2007 12:00am
Dollar firms

Dollar firms

The dollar traded near six-week highs against the euro and a three-month peak against the yen on Tuesday as traders further trimmed expectations of a Federal Reserve interest rate cut this year. Unexpectedly resilient US economic data has prompted investo
Published 24 May, 2007 12:00am
Bangladesh interbank forex, interest rates

Bangladesh interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Wednesday. 69.00/69.12 (previous 69.10/69.15). Call Money Rates: 7.30-10.00 percent (previous 7.30-10.00 percent.
Published 24 May, 2007 12:00am
Asian currencies calm after sharp moves

Asian currencies calm after sharp moves

Asian currencies were calmer on Wednesday after the previous day's volatility, with the Singapore dollar edging up from two-month lows, while the Indonesian and Philippine units gave up some of their stellar gains.
Published 24 May, 2007 12:00am
Hong Kong dollar stays week

Hong Kong dollar stays week

The Hong Kong dollar maintained a weak tone on Wednesday as some arbitrage traders chased higher-yielding currencies. The domestic currency had weakened as far as 7.8256 against the US dollar - the lowest since late September, 1985 - before recovering sli
Published 24 May, 2007 12:00am
Briton and two French arrested for ticket fraud

Briton and two French arrested for ticket fraud

Greek police said on Wednesday they had arrested a 28-year-old Briton for selling 50 forged Champions League final tickets to an Italian travel agent for 58,000 euros ($78,030). Two French men were also arrested as they tried to sell two tickets to a grou
Published 24 May, 2007 12:00am
Vincent denies move to Australia

Vincent denies move to Australia

New Zealand batsman Lou Vincent has denied he has any short term plans to pull the pin on his international career and move to Australia. The Advertiser newspaper in Adelaide reported Tuesday that Vincent was negotiating with the South Australian Cricket
Published 24 May, 2007 12:00am
Moore challenges West Indies to build on draw

Moore challenges West Indies to build on draw

West Indies coach David Moore has said drawing the first Test against England will count for little if they go down to defeat in the second game of a four-match series starting at Headingley here Friday.
Published 24 May, 2007 12:00am
South Korea's Seongnam reach AFC Champions League quarters

South Korea's Seongnam reach AFC Champions League quarters

South Korean champions Seongnam Chunma stunned Group G rivals Shandong Luneng of China 3-0 at home to advance to the quarter-finals of the Asian Football Confederation (AFC) Champions League on Wednesday.
Published 24 May, 2007 12:00am
Federer to take on Sampras in Malaysia exhibition

Federer to take on Sampras in Malaysia exhibition

World number one Roger Federer will play Pete Sampras in an exhibition match in Kuala Lumpur in November to celebrate Malaysia's 50th year of independence, organisers said on Wednesday.
Published 24 May, 2007 12:00am
Rezai stops Venus in Istanbul Cup second round

Rezai stops Venus in Istanbul Cup second round

Unseeded Frenchwoman Aravane Rezai produced a major upset when she defeated former Wimbledon and US Open champion Venus Williams 6-4 6-4 in the second round of the Istanbul Cup on Wednesday. American Venus missed much of last year with injury and had been
Published 24 May, 2007 12:00am
Davydenko and Roddick power into quarter-finals

Davydenko and Roddick power into quarter-finals

Top seeds Nikolay Davydenko and Andy Roddick continued their impressive starts to the ATP tournament in Poertschach on Wednesday with both enjoying comfortable second round wins. Roddick, the American world number three and tournament second seed, dispose
Published 24 May, 2007 12:00am
Wimbledon confirms introduction of HawkEye

Wimbledon confirms introduction of HawkEye

The All England Club confirmed on Wednesday that HawkEye technology will be used at this year's Wimbledon championships. It was announced last month that the multi-camera system which tracks the flight of a moving ball would be introduced, as it has been
Published 24 May, 2007 12:00am
Suicide bomber behind Turkey attack

Suicide bomber behind Turkey attack

A Turkish official said Wednesday that a suicide bomber suspected of belonging to a separatist Kurdish rebel group was behind a powerful explosion in downtown Ankara that killed six other people.
Published 24 May, 2007 12:00am
India boosts Mumbai WTC security after threat

India boosts Mumbai WTC security after threat

Indian police stepped up security at the World Trade Centre in India's financial capital Mumbai Wednesday after it was threatened with imminent terrorist attack, officials said. A letter arrived at the complex on Tuesday threatening the building would be
Published 24 May, 2007 12:00am
Australian teens planned school 'massacre'

Australian teens planned school 'massacre'

Two Australian teenagers who reportedly planned a US-style school massacre were in psychiatric care Wednesday after police swooped when their concerned headmaster alerted authorities, officials said.
Published 24 May, 2007 12:00am
South Korea, Japan and China to regularise foreign minister meeting

South Korea, Japan and China to regularise foreign minister meeting

Foreign ministers from South Korea, China and Japan will hold their first official trilateral meeting next month and plan to make the forum a regular event, officials said Wednesday. Song Min-Soon said he would meet China's Yang Jiechi and Japan's Taro As
Published 24 May, 2007 12:00am
Seven killed in Sri Lanka clashes

Seven killed in Sri Lanka clashes

Seven people have been killed in fresh clashes in Sri Lanka's northern and eastern regions as government troops traded fire with Tamil Tiger rebels, the defence ministry said Wednesday. A soldier and a rebel were killed in the eastern coastal town of Batt
Published 24 May, 2007 12:00am
German politicians complain of 'Stasi' methods ahead of G8

German politicians complain of 'Stasi' methods ahead of G8

Reports that the German police have taken smell samples of suspected would-be G8 protestors on Wednesday saw politicians accuse the state of resorting to the dubious methods of the Stasi secret police.
Published 24 May, 2007 12:00am
Two teenagers among seven killed in Thailand

Two teenagers among seven killed in Thailand

Seven people including two teenagers have been killed in the Thai south, police said Wednesday, while 11 others were injured in a spate of bombings by suspected separatist rebels. Police on Wednesday found four bullet-riddled bodies in a house on a rubber
Published 24 May, 2007 12:00am
North Korea bank settlement taking too long: South Korea

North Korea bank settlement taking too long: South Korea

Negotiators are moving towards settlement of a banking dispute blocking North Korea's nuclear disarmament but cannot say when it will be resolved, South Korea's foreign minister said Wednesday. "The process of resolving technical problems is moving toward
Published 24 May, 2007 12:00am
Military winding up camps across Bangladesh

Military winding up camps across Bangladesh

Bangladesh's powerful military has begun winding up camps across the emergency-ruled country and has no intention of imposing martial law, the army chief was quoted as saying Wednesday. The armed forces deployed some 60,000 troops across Bangladesh on Jan
Published 24 May, 2007 12:00am
Kazakh leader orders probe into son-in-law

Kazakh leader orders probe into son-in-law

Kazakh President Nursultan Nazarbayev on Wednesday ordered police to investigate his son-in-law, Rakhat Aliyev, in an apparent bid to tighten control over the political scene in the Central Asian state. The surprise move against Aliyev took place days aft
Published 24 May, 2007 12:00am
Nine US warships in Gulf for show of force

Nine US warships in Gulf for show of force

A large flotilla of US warships sailed through the narrowest point in the Gulf in broad daylight on Wednesday to hold drills off Iran's coast in a major show of force that unnerved oil markets.
Published 24 May, 2007 12:00am
US missile shield could relaunch arms race: Putin

US missile shield could relaunch arms race: Putin

Russian President Vladimir Putin said Wednesday he feared that a US plan to build a missile defence system in eastern Europe could launch a new arms race. "What has happened in Europe that is so negative that one should need to fill central Europe with ar
Published 24 May, 2007 12:00am
White House rejects US-Iran detainee exchange

White House rejects US-Iran detainee exchange

The White House on Wednesday rejected any linkage between Iranians in US custody in Iraq and what it called the "unfortunate" detention of Iranian-Americans in Iran. "The Iranians held in Iraq are going to go through a process that determines their status
Published 24 May, 2007 12:00am
Pope acknowledges colonial injustice in Americas

Pope acknowledges colonial injustice in Americas

Pope Benedict, under fire in Latin America for saying the Catholic Church had purified Indians, acknowledged on Wednesday that "unjustifiable crimes" were committed during the colonisation of the Americas. But he stopped short of apologising as demanded b
Published 24 May, 2007 12:00am
Finnish soldier killed in Afghan north-west

Finnish soldier killed in Afghan north-west

A Finnish soldier and an Afghan civilian were killed by an explosion on Wednesday in Faryab province in north-western Afghanistan, officials said. Four Norwegian soldiers were wounded in the blast outside a Nato base in Maimana, the provincial capital, th
Published 24 May, 2007 12:00am
'Brown committed to strong US ties'

'Brown committed to strong US ties'

Britain's next prime minister, Gordon Brown, wants a strong relationship with Washington and will not set an arbitrary date for pulling troops out of Iraq, the British defence minister said. Defence Secretary Des Browne said Brown "believes that the futur
Published 24 May, 2007 12:00am
Palestinians flee after truce in Lebanon camp

Palestinians flee after truce in Lebanon camp

Thousands of Palestinians fled a badly damaged refugee camp on Wednesday, reporting bodies in the streets after a fragile truce halted fighting between the Lebanese army and al Qaeda-inspired militants.
Published 24 May, 2007 12:00am
Israel hits Gaza targets; Abbas and Haniyeh meet

Israel hits Gaza targets; Abbas and Haniyeh meet

Israel launched air strikes and a ground operation on Wednesday against Hamas targets in the Gaza Strip where Palestinian President Mahmoud Abbas met with Prime Minister Ismail Haniyeh of Hamas in a bid to ease tensions.
Published 24 May, 2007 12:00am
Displaced Indian Ocean islanders win new UK court victory

Displaced Indian Ocean islanders win new UK court victory

Indian Ocean islanders won a key legal battle Wednesday in their long campaign to return to their homes, from where they were evicted more than 30 years ago to make way for a US air base. The Court of Appeal backed a High Court ruling in May last year tha
Published 24 May, 2007 12:00am
'War on terror' dividing world: Amnesty

'War on terror' dividing world: Amnesty

Fears stoked by the post-9/11 "war on terror" are increasingly dividing the world, Amnesty International said Wednesday, while rapping rights abuses from China to Darfur and Russia to the Middle East. The gap between Muslims and non-Muslims notably deepen
Published 24 May, 2007 12:00am
Indian rupee remains near nine-year peak

Indian rupee remains near nine-year peak

The Indian rupee came within striking distance of a recent nine-year high on Wednesday, buoyed by capital inflows, but its path was blocked by suspected central bank intervention, traders said. The partially convertible rupee ended at 40.550/565 per dolla
Published 24 May, 2007 12:00am
Sterling rallies against dollar

Sterling rallies against dollar

Sterling rose more than one US cent on Wednesday, on track for its biggest one-day gain versus the dollar in five weeks, after Bank of England minutes showed all nine policymakers had backed this month's rate hike. Analysts had expected David Blanchflower
Published 24 May, 2007 12:00am
Dollar falls versus majors in London

Dollar falls versus majors in London

The dollar fell against most major currencies on Wednesday, led by a sharp rebound in sterling after minutes from the Bank of England's rates meeting showed policymakers were unanimous in voting for this month's interest rate hike.
Published 24 May, 2007 12:00am
Crossover powers to new tight level

Crossover powers to new tight level

The iTraxx Crossover index, the most widely watched barometer of credit sentiment, powered to a fresh record tight level on Wednesday as equity markets rose and risk appetite remained strong. Some are warning that the pick-up in merger and acquisition act
Published 24 May, 2007 12:00am
Crossover powers to new tight level

Crossover powers to new tight level

The iTraxx Crossover index, the most widely watched barometer of credit sentiment, powered to a fresh record tight level on Wednesday as equity markets rose and risk appetite remained strong. Some are warning that the pick-up in merger and acquisition act
Published 24 May, 2007 12:00am
US Stocks: Wednesday's early afternoon trade

US Stocks: Wednesday's early afternoon trade

US stocks rose on Wednesday, buoyed by speculation about a possible bidding war in the aluminium sector for Canada's Alcan and as retailer Target Corp posted stronger-than-expected profit. Alcan Inc said it is in discussions with third parties after it re
Published 24 May, 2007 12:00am
China's main index hits new all-time high

China's main index hits new all-time high

China's main stock index surged 1.54 percent in heavy trade on Wednesday, hitting a new all-time high, as yuan strength boosted the property sector and positive local media reports about the share market buoyed sentiment. The Shanghai Composite Index reac
Published 24 May, 2007 12:00am
Seoul shares hit another record high

Seoul shares hit another record high

Seoul shares hit their third consecutive record on Wednesday as pharmaceuticals firms such as Hanmi rallied on expectations the sector had dropped too much this year relative to their earnings potential. A sub-index of drug makers surged to a record, endi
Published 24 May, 2007 12:00am
Vodafone guides FTSE higher

Vodafone guides FTSE higher

Britain's benchmark share index rose 0.2 percent on Wednesday, guided upwards by a stellar performance from Vodafone, and as banks helped bolster gains on European stock markets.
Published 24 May, 2007 12:00am
Brazil coffee growers seek aid, forex support

Brazil coffee growers seek aid, forex support

Brazilian coffee growers need government aid and a more favourable exchange rate to increase local currency export earnings, the country's producers' new leader said on Tuesday.
Published 24 May, 2007 12:00am
Rain seen helping EU crops

Rain seen helping EU crops

Rain across western Europe has soothed fears of damage to this summer's wheat harvest but further east drought still threatens crops at a time when global grain stocks are low, analysts said on Wednesday.
Published 24 May, 2007 12:00am
MGE spring wheat lower

MGE spring wheat lower

Spring wheat futures at the Minneapolis Grain Exchange closed lower on Tuesday on reminders that the US spring wheat crop is off to a strong start, traders said. Declines in Chicago Board of Trade wheat added pressure after the USDA reported an improvemen
Published 24 May, 2007 12:00am
Oil rises above $70

Oil rises above $70

Oil prices rose above $70 on Wednesday as US warships put on a show of force off Iran's coast, coinciding with a United Nations agency report that said the Islamic republic had expanded its nuclear programme.
Published 24 May, 2007 12:00am
Novartis Pension Funds to invest in metals

Novartis Pension Funds to invest in metals

Switzerland-based Novartis's pension fund plans to invest four percent of its 14 billion Swiss francs ($11.37 billion) in precious metals, the manager of the pension fund told Reuters on Monday.
Published 24 May, 2007 12:00am
New York cotton futures settle easier

New York cotton futures settle easier

Cotton futures settled easier Wednesday as speculative sales beat back fibre contracts and the market turned lower after surging last week up a five-week peak, brokers said.
Published 24 May, 2007 12:00am
Nippon Mining seeks copper mines

Nippon Mining seeks copper mines

Nippon Mining Holdings Inc, the world's second-biggest copper smelter, aims to boost purchases of copper from its own mines to 50 percent within five to 10 years, up from the current 16 percent.
Published 24 May, 2007 12:00am
Nickel drops, copper wobbles

Nickel drops, copper wobbles

Nickel prices fell 4.1 percent on the London Metal Exchange on Wednesday after a further rise in stockpiles to a five-month high, dragging other metals lower.
Published 24 May, 2007 12:00am
European gold rises

European gold rises

Gold drifted higher on Wednesday as the dollar slipped against the euro after early gains and oil prices strengthened. Analysts remained positive on gold's long-term outlook, saying a possible decline in the dollar on the back of concerns related to US ec
Published 24 May, 2007 12:00am
US MIDDAY: wheat higher

US MIDDAY: wheat higher

Soft red winter wheat futures on the Chicago Board of Trade were higher early on Wednesday in a rebound after Tuesday's drop to one-month lows, traders said.
Published 24 May, 2007 12:00am
US MIDDAY: corn steadies

US MIDDAY: corn steadies

The Chicago Board of Trade corn market was firm mid-morning Wednesday but fading after an early bounce tied to worries about dryness in the US Midwest crop belt, traders said.
Published 24 May, 2007 12:00am
US MIDDAY: soyabeans firm

US MIDDAY: soyabeans firm

Soyabean futures at the Chicago Board of Trade were higher near midday Wednesday as the market remained technically strong, traders said.
Published 24 May, 2007 12:00am
US MIDDAY: copper seesaws

US MIDDAY: copper seesaws

US copper futures inched lower in early morning business Wednesday, failing to hold onto earlier gains as prices dawdled in quiet ranges and bearish players continued to hold sway over direction, brokers said.
Published 24 May, 2007 12:00am
US MIDDAY: gold futures climb

US MIDDAY: gold futures climb

A weaker dollar against the euro sent US gold futures higher early on Wednesday after the previous session's decline, but reduced physical buying from India could hinder the precious metal's upside, analysts said.
Published 24 May, 2007 12:00am
'Poverty elimination top priority of government'

'Poverty elimination top priority of government'

"Elimination of poverty is the top priority of the present government and all out efforts are being made for the well being of people". Provincial Minister for Zakat & Ushr, Mian Khadim Hussain Wattoo made this observation while addressing an open court h
Published 24 May, 2007 12:00am
Punjab chief minister announces cash award to police officials

Punjab chief minister announces cash award to police officials

Punjab Chief Minister, Chaudhry Pervaiz Elahi has announced cash award of rupees one lakh for ASI Javed Iqbal and Rs 50 thousand each for Head Constables Muhammad Iqbal, Muhammad Ishaq and Constable Muhammad Tufail for nabbing the criminals involved in a
Published 24 May, 2007 12:00am
LCCI condemns robbery in Karachi

LCCI condemns robbery in Karachi

LCCI President Shahid Hassan Sheikh, Senior Vice President Yaqoob Tahir Izhar and Vice President Mubasher Sheikh have expressed deep concern over broad daylight dacoity in Karachi wherein a trailer loaded with 1,730 bags of plastic moulding compound of M/
Published 24 May, 2007 12:00am
Climate change worsens migration crisis

Climate change worsens migration crisis

More than a billion people, one in seven, on earth today could be forced out from their homes between now and 2050 if climate change worsens. The climate change is likely to lead to expansion of barren deserts that in turn could mean more forced migration
Published 24 May, 2007 12:00am
US diplomat visits Mian Mir's shrine

US diplomat visits Mian Mir's shrine

Principal Officer of US Consulate in Lahore, Bryan D Hunt visited the shrine of sufi saint, Hazrat Mian Mir here on Wednesday. Punjab Auqaf Minister Syed Saeedul Hassan Shah was also present on the occasion. Speaking on the occasion, Bryan D Hunt said tha
Published 24 May, 2007 12:00am
Wapda employees union to challenge referendum

Wapda employees union to challenge referendum

Pakistan Wapda Employees Pegham Union president S D Saqib has said that the Union will challenge the referendum in the court on June 2, as the tenure of the CBA is ending at the same day. Addressing a press conference at Lahore Press Club here on Wednesda
Published 24 May, 2007 12:00am
Delay in wheat export till September demanded

Delay in wheat export till September demanded

The All Pakistan Flour Millis Association (APFM) has demanded delay in the export of wheat till September for controlling flour prices and for maintaining balance between supply and demand.
Published 24 May, 2007 12:00am
Indian Occupied Kashmir's lone pathologist haunted by the dead

Indian Occupied Kashmir's lone pathologist haunted by the dead

Mohammed Maqbool, the only pathologist working in insurgency-racked Indian Occupied Kashmir, says he wants out of his job before it kills him. After handling thousands of bodies, Maqbool, who started doing autopsies when he was assigned to a government mo
Published 24 May, 2007 12:00am
Rangers' presence

Rangers' presence

May 12 mayhem in no doubt a result of mismanagement on part of government, but there is another view I want to share with others. A few weeks ago some people demanded the withdrawal of Rangers from the metropolis. It is said that whenever Rangers withdraw
Published 24 May, 2007 12:00am
Wapda engineers' achievement

Wapda engineers' achievement

According to a report, a power transformer of the Western origin, installed at Tarbela hydropower station has been repaired and re-commissioned on May 14, utilising indigenous human and physical resources only.
Published 24 May, 2007 12:00am
Direct tax policy principles: a review-III

Direct tax policy principles: a review-III

Donation out of Penalty: A heavy non-performing portfolio and default on part of the clients is a serious problem confronted by the Shariah compliant financial product provider. This problem could threaten the success of the Shariah compliant financial pr
Published 24 May, 2007 12:00am
One step back for a quantum leap forward

One step back for a quantum leap forward

The live scenes of rampant lawlessness in Pakistan's biggest city, which millions of horrified and helpless Pakistani men, women and children silently watched, for hours together, on their T.V. screens, on 12 May, 2007, and which billions of people, throu
Published 24 May, 2007 12:00am
Curtailing tanneries' pollution

Curtailing tanneries' pollution

The President of Environmental Society of Pakistan Tanners Association, Aghast Sadden, has said during a presentation at the PCSIR that the pollution content of the effluent released by tanneries can be reduced through the use of environmental friendly in
Published 24 May, 2007 12:00am
Meeting the energy challenge

Meeting the energy challenge

According to a recent report, National Electric Power Regulatory Authority (Nepra) Chairman Lieutenant General Saeed-uz-Zafar (Retd) advised the industrial sector to generate electricity from its own resources in order to help meet the challenge of energy
Published 24 May, 2007 12:00am
Procrastinating will not help

Procrastinating will not help

Facing issues head-on at Hazara University the other day, President Musharraf spoke with a heavy heart, putting in sharp relief the enormity of crises that his government is presently faced with. He was bitter that his action against Chief Justice Chaudhr
Published 24 May, 2007 12:00am
Traffic police collects Rs 7.9 million through fines

Traffic police collects Rs 7.9 million through fines

Peshawar traffic police had collected Rs 7.9 million in form of fines through issuance of challans to the violators of traffic laws in the city in the month of April 2007, as compared to Rs 21 million collected during the same period last year.
Published 24 May, 2007 12:00am
Obituary reference

Obituary reference

An obituary reference would be organised at the Pakistan Academy of Letters on Thursday to remember the services of late Professor Ghulam Jilani Asghar, a celebrated educationist and literary personality born in Talagang.
Published 24 May, 2007 12:00am
87 percent wheat purchase target achieved in Multan region

87 percent wheat purchase target achieved in Multan region

Food Department Multan region has so far purchased 659,425 tons wheat, achieving 87.34 percent of the procurement target. Punjab government had already increased the procurement target by 20 percent from 615,000 tons to 755,000 tons for this region, which
Published 24 May, 2007 12:00am
Rain makes weather pleasant

Rain makes weather pleasant

Kasur city and its adjacent towns including Khuddian, Mandi Usmanwala, Kot Radha Kishan, Mustafabad on Wednesday received light rain which turned the weather pleasant. The people took their children to different parks and enjoyed the rain and cold waves.
Published 24 May, 2007 12:00am
Askari Bank to open 28 new branches

Askari Bank to open 28 new branches

Askari Commercial Bank will open 28 new branches in the country of these, 8 will be exclusively dealing in Islamic banking. Shaharyar Ahmed President Askari Commercial Bank said this while addressing a meeting of Pakistan Textile Exporters Association (PT
Published 24 May, 2007 12:00am
Lawyers fear government will sabotage Chief Justice's address

Lawyers fear government will sabotage Chief Justice's address

The Multan High Court Bar Association (MHCBA) on Wednesday expressed apprehension that the government could give a violent touch to the Jamia Hafsa issue to disturb chief justice's address to lawyers in Islamabad on May 26.
Published 24 May, 2007 12:00am
Traffic chaos in Sialkot city

Traffic chaos in Sialkot city

Sialkot traffic police has badly failed to control the traffic in the city and other highly busy junctions as a result of which there is total traffic chaos in Sialkot due to which road accidents and traffic jams have become a daily routine.
Published 24 May, 2007 12:00am
PML-N to observe Yaum-e-Takbeer on May 28

PML-N to observe Yaum-e-Takbeer on May 28

The Pakistan Muslim League-Nawaz (PML-N) will observe Yaum-e-Takbeer on May 28, the day Pakistan became a nuclear power under the leadership of former Prime Minister Mian Muhammad Nawaz Sharif 'in a befitting manner' said Rana Mehmood-ul-Hassan MNA here o
Published 24 May, 2007 12:00am
Better mango crop, increased exports likely this season

Better mango crop, increased exports likely this season

The president of Pakistan Mango Growers Association (MGA), Zahid Hussain Gardezi, has said that "we are expecting better mango crop during this season, and it might be 30 to 40 percent more than preceding years".
Published 24 May, 2007 12:00am
Woman rights activist's mother passes away

Woman rights activist's mother passes away

The widow of a notable of Jallala (Mardan) Haji Mohammad Sultan Sikander Ahmad died here on Wednesday morning after a brief illness. The funeral prayers were offered, the same day and she was laid to rest at her ancestral graveyard in Jallala.
Published 24 May, 2007 12:00am
Parliamentary team leaves for Portugal

Parliamentary team leaves for Portugal

A six-member delegation of Pakistan parliamentarians left for Portugal on Wednesday morning to participate in the spring session of Nato Parliamentary Assembly, scheduled to begin at Madeira from Friday. The delegation is being led by Chairman Senate Moha
Published 24 May, 2007 12:00am
Pak-Turkey body chief to contest Turkish poll

Pak-Turkey body chief to contest Turkish poll

Pakistan-Turkey Friendship Association President Burhan Kaya Turk will contest the election of Turkish parliament, being held in July on the ticket of Turkey's ruling party, AK. Burhan, a leading businessman from Ankara, got his higher education from the
Published 24 May, 2007 12:00am
Gang leader killed in 'encounter'

Gang leader killed in 'encounter'

Police claimed to have killed an alleged ringleader of a gang during an encounter near Pattoki, while three of his accomplices managed their escape. According to police, Gulzar alias Guloo, wanted in more than 38 cases of heinous crimes, including murder
Published 24 May, 2007 12:00am
Tribute paid to Dr Asaf Qureshi

Tribute paid to Dr Asaf Qureshi

A condolence reference to pay homage and tribute to late Dr Asaf Sarwar Qureshi, Associate Professor of Irrigation and Drainage was held at Old Senate Hall here on Wednesday morning.
Published 24 May, 2007 12:00am
UVAS to introduce MBA degree in Life Sciences

UVAS to introduce MBA degree in Life Sciences

The University of Veterinary and Animal Sciences Lahore's Faculty of Livestock Business Management (FLBM) is initiating MBA and PGD programs in Life Sciences for the professionals of Animal Sciences, Agriculture, Health Sciences, Pharmaceuticals, Biotechn
Published 24 May, 2007 12:00am
Persian centre established at Punjab University

Persian centre established at Punjab University

The development work of Persian Collection Centre at Punjab University Main Library is in progress and will be shortly opened for students and users. The centre has been established with the co-operation of Khana-e-Farhang, the consulate of Islamic Republ
Published 24 May, 2007 12:00am
Wheat buying in full swing in Sialkot, Narowal districts

Wheat buying in full swing in Sialkot, Narowal districts

The wheat procurement process is in full swing in Sialkot and Narowal districts and 36,600 tons wheat has so far been purchased in both districts against the fixed target of 55,000 tons. Official sources told Business Recorder here on Wednesday tha
Published 24 May, 2007 12:00am
CAA holds free diabetes camp

CAA holds free diabetes camp

Civil Aviation Authority (CAA) of Allama Iqbal International Airport (AIIP) Lahore, in collaboration with Sanofi Aventis Pharmaceutical, arranged a free diabetes camp on Wednesday, which was inaugurated by Regional Director North Brigadier (Retd) Pervaiz
Published 24 May, 2007 12:00am
Previous Day