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Print - 2007-06-27
Blast kills five women in Mogadishu

Blast kills five women in Mogadishu

A suspected bomb blast near a busy Mogadishu market on Tuesday killed five women, the latest victims of Somalia's unceasing violence that has killed more bystanders than combatants. Residents said an explosive device was apparently detonated by the burnin
Published 27 Jun, 2007 12:00am
Middle East peace brokers may name Blair as special envoy

Middle East peace brokers may name Blair as special envoy

Major Western powers met on Tuesday to define the role outgoing British Prime Minister Tony Blair could play as their Middle East envoy in a bid to revive peace prospects after Hamas's take-over of the Gaza Strip.
Published 27 Jun, 2007 12:00am
Cheney role as power broker in spotlight again

Cheney role as power broker in spotlight again

US Vice President Dick Cheney was back this week in a place he intensely dislikes: the spotlight. Cheney's penchant for secrecy and his unprecedented role within the Bush administration have been a key topic at recent White House news briefings, in some c
Published 27 Jun, 2007 12:00am
Abbas seeks to bolster Fatah with Jordan-based force

Abbas seeks to bolster Fatah with Jordan-based force

President Mahmoud Abbas has asked Israel for permission to bring Palestinian forces based in Jordan to the West Bank to try to shore up his control after Hamas's Gaza take-over, Israeli officials said on Tuesday.
Published 27 Jun, 2007 12:00am
CIA tried to get mafia to kill Castro

CIA tried to get mafia to kill Castro

The CIA worked with two of the country's most-wanted criminals in a botched attempt to assassinate Cuban President Fidel Castro in a "gangster-type action" in the early 1960s, according to documents released by the CIA on Tuesday.
Published 27 Jun, 2007 12:00am
Mubarak predicts Fatah and Hamas will be reconciled

Mubarak predicts Fatah and Hamas will be reconciled

Egyptian President Hosni Mubarak predicted on Tuesday that the two main Palestinian factions Fatah and Hamas would soon patch up their differences through dialogue and said that Egypt was willing to mediate.
Published 27 Jun, 2007 12:00am
US Senate Republicans block labour bill

US Senate Republicans block labour bill

Senate Republicans on Tuesday rejected a bill to make it easier to form unions, defeating a drive by newly empowered Democrats to shore up a shrinking constituency - organised labour. On a vote of 51-48, Democratic backers fell short of the 60 votes neede
Published 27 Jun, 2007 12:00am
US Stocks: Tuesday's mid-afternoon trade

US Stocks: Tuesday's mid-afternoon trade

US stocks gained on Tuesday, as investors bought shares in sectors seen likely to withstand a slowdown in growth following reports pointing to further weakness in housing. Even with the gains, investors remained skittish about possible fallout from the su
Published 27 Jun, 2007 12:00am
Bonds: sell-off persists on subprime

Bonds: sell-off persists on subprime

European credit markets weakened for a fourth day on Tuesday after US housing and consumer confidence data intensified concerns over the US subprime mortgage market.
Published 27 Jun, 2007 12:00am
Bonds: sell-off persists on subprime

Bonds: sell-off persists on subprime

European credit markets weakened for a fourth day on Tuesday after US housing and consumer confidence data intensified concerns over the US subprime mortgage market.
Published 27 Jun, 2007 12:00am
Philippines shares little changed

Philippines shares little changed

Philippines share prices closed little changed on Tuesday, with gains in blue chips offset by losses in the broader market in cautious trade. Dealers said stocks recovered in the middle of the session after a weak start but gave up some gains late in the
Published 27 Jun, 2007 12:00am
Seoul shares remain down for third day

Seoul shares remain down for third day

Seoul shares fell for a third consecutive session on Tuesday with exporters such as Hyundai Motor hit by worries that China will tighten monetary policy and by growing concern about the US subprime mortgage sector.
Published 27 Jun, 2007 12:00am
UK's top share index slips

UK's top share index slips

Britain's top share index ended 0.44 percent lower on Tuesday, as a corruption probe hit stock in BAE Systems and banking stocks struggled as concerns over subprime mortgages cast their shadow. The FTSE 100 benchmark ended down 29.1 points at 6,559.3, bac
Published 27 Jun, 2007 12:00am
Indian rupee eases

Indian rupee eases

The Indian rupee recovered from its lowest level in over a week, but still ended weaker on Tuesday, as global investors trimmed positions in the high-yielding rupee on mounting concerns about risky assets.
Published 27 Jun, 2007 12:00am
Sterling keeps on rolling

Sterling keeps on rolling

Sterling climbed further above the $2 mark on Tuesday, boosted by expectations of a Bank of England rate hike as soon as next week. Investors were awaiting comments from a BoE deputy governor John Gieve at the University of Surrey later in the session.
Published 27 Jun, 2007 12:00am
Yen rises broadly in London

Yen rises broadly in London

The yen rose broadly on Tuesday, pulling away from multi-year lows versus the dollar and euro after Japanese, South Korean and New Zealand officials raised concerns about the low-yielding currency's recent weakness.
Published 27 Jun, 2007 12:00am
India extends export incentives to sugar firms

India extends export incentives to sugar firms

India, the world's second-largest sugar producer, on Tuesday extended by six months non-cash incentives to help exports by mills hit by low international prices. The government said in February sugar meant for export would be exempt from the compulsory 10
Published 27 Jun, 2007 12:00am
India issues one million tonne wheat import tender

India issues one million tonne wheat import tender

India on Tuesday issued a tender for the import of 1 million tonnes of wheat less than a month after cancelling an earlier offer due to firm prices. Prices have now soared to 11-year highs and traders said the State Trading Corp.
Published 27 Jun, 2007 12:00am
Oil drops two percent

Oil drops two percent

Oil prices fell nearly two percent on Tuesday amid expectations that stockpiles in top consumer the United States would continue to rise heading into the peak summer driving season. Oil's losses came alongside a broad sell-off in other commodities as inve
Published 27 Jun, 2007 12:00am
Vietnam sees coffee sales up

Vietnam sees coffee sales up

Vietnam's coffee exports in the first nine months of the current crop year will jump 49.2 percent from a year ago to 17.6 million bags, the government said on Monday. The General Statistics Office estimated coffee exports from October 2006 through June 20
Published 27 Jun, 2007 12:00am
New York cotton futures move upward

New York cotton futures move upward

US cotton futures jumped 1 percent on Tuesday, joining a rally on most agricultural products, as metals and energy assets saw a sell-off by investors trying to scale back exposure on risky markets. Traders said cotton also benefited from technical buying
Published 27 Jun, 2007 12:00am
Most metals decline in commodities sell-off

Most metals decline in commodities sell-off

Industrial metals prices fell on Tuesday in a cross-commodity sell-off again triggered by worries about a general economic slowdown, analysts said. Benchmark metal copper on the London Metal Exchange, for years the darling of fund managers looking for a h
Published 27 Jun, 2007 12:00am
European gold and silver hit lows

European gold and silver hit lows

Gold fell to its lowest in more than three months and silver hit a five-month trough on Tuesday as softer oil prices and weakness in other metals triggered technical selling. Dealers said expectations of higher interest rates around the world also dampene
Published 27 Jun, 2007 12:00am
US MIDDAY: corn climbs

US MIDDAY: corn climbs

Corn futures at the Chicago Board of Trade climbed early on Tuesday on fresh weather worries and on a surge in wheat, traders said. At 10:06 am CDT (1506 GMT), CBOT corn was up 1/2 to 5-1/2 cents per bushel, with July up 4-1/4 at $3.62 per bushel. New-cro
Published 27 Jun, 2007 12:00am
US MIDDAY: wheat soars

US MIDDAY: wheat soars

Soft red winter wheat futures at the Chicago Board of Trade were sharply higher at midmorning on Tuesday on a big drop in Canadian wheat plantings and declining US spring and winter wheat ratings, traders said.
Published 27 Jun, 2007 12:00am
US MIDDAY: soyabeans rise

US MIDDAY: soyabeans rise

Soyabean futures at the Chicago Board of Trade climbed Tuesday on spillover strength from the wheat rally and worries about a high pressure ridge moving into the US Midwest next week, creating drier crop growing conditions, traders said.
Published 27 Jun, 2007 12:00am
US MIDDAY: copper down

US MIDDAY: copper down

US copper futures steadied at slightly lower levels at the open on Tuesday, as broad-based selling in the metals complex and US data pointing to further softness in the housing sector weighed on buying interest, traders said.
Published 27 Jun, 2007 12:00am
US MIDDAY: silver tumbles

US MIDDAY: silver tumbles

US silver futures tumbled to their lowest levels in six months in early trade on Tuesday, with chart-based selling and options expiration keeping the precious metal on the defensive, floor dealers said.
Published 27 Jun, 2007 12:00am
Officials asked to help rain-hit people

Officials asked to help rain-hit people

Sindh Chief Secretary Shakil Durrani on Tuesday morning visited various areas of rain-hit city and asked the Relief Commissioner Sindh and relevant departments to provide relief to rain and cyclone affected people on priority basis.
Published 27 Jun, 2007 12:00am
Indonesian Supreme Court judges visit FSC

Indonesian Supreme Court judges visit FSC

A delegation of Indonesian Supreme Court on Tuesday visited Federal Shariat Court (FSC) here. FSC Chief Justice Haziqul Khari, Justice Allama Dr Fida Muhammad Khan, and Justice Salah-ud-Din Mirza received the distinguished guests and briefed them about th
Published 27 Jun, 2007 12:00am
Partly Facetious: between the quake and the rains...

Partly Facetious: between the quake and the rains...

"And yet another natural disaster of catastrophic proportions has hit our hapless country. What happened to the special cell that was supposed to be established to deal with such disasters?"
Published 27 Jun, 2007 12:00am
Haemophilic welfare project launched

Haemophilic welfare project launched

Hematologists from across the country here on Tuesday launched a National Hemophilic Welfare Project to provide timely diagnosis and proper treatment to local hemophilic patients.
Published 27 Jun, 2007 12:00am
SSUET approves Rs 443.151 million budget

SSUET approves Rs 443.151 million budget

A Rs 443.151 million budget of Sir Syed University of Engineering and Technology (SSUET) for fiscal 2007-08, showing a surplus of Rs 0.165 million was passed at a meeting of SSUET's board of governors which met here under the chairmanship of Vice Chancell
Published 27 Jun, 2007 12:00am
Lawyers observe strike

Lawyers observe strike

Lawyers of southern Punjab on Tuesday observed strike and token hunger strike on the 118 day (Tuesday). Habib-ullah Shakir President of High Court Bar and Muhammad Akram Bhatti President of District Bar.
Published 27 Jun, 2007 12:00am
Bar grant stopped

Bar grant stopped

After the Lawyers movement against the present regime, the government has not released over Rs 18 million in grants to nearly 230 bar associations of the country following its latest stand-off with lawyers over the suspension of the Chief Justice of Pakis
Published 27 Jun, 2007 12:00am
Workshop on post mortem techniques in animals

Workshop on post mortem techniques in animals

The Department of Pathology, University of Veterinary and Animal Sciences Lahore, arranged a six-day workshop on 'Necropsy (Post-mortem) Practice and its Vetro-legal Implementations in Animals' for the university teachers and field veterinarians.
Published 27 Jun, 2007 12:00am
Petroleum policy soon, says Jadoon

Petroleum policy soon, says Jadoon

Chief Executive of Voestalpine Tubulars Company of Austria Hillka Witt called on the Minister for Petroleum and Natural Resources Amanullah Khan Jadoon here on Tuesday and discussed with him investment potential in the oil and gas exploration sector.
Published 27 Jun, 2007 12:00am
Textile sector

Textile sector

With reference to a letter which appeared in Business Recorder on June 14, 2007 about "No limit to Greed" by Javaria, is wrong. Now the Government has also imposed 1 percent for all imports, which will definitely affect the cost of production as we
Published 27 Jun, 2007 12:00am
Banking in Pakistan

Banking in Pakistan

Today, there are advertisements of banks for Islamic banking. The other class of banking is more or less the same. The only object of banks in Pakistan, foreign or local, is just to make money.
Published 27 Jun, 2007 12:00am
New project to solve common social issues

New project to solve common social issues

Gender justice through Musalihat Anjumans - conventional regime for domestic disputes resolution is gaining popularity for its efficacy towards realising noble ends within local norms. The project of Musalihat Anjumans is being implemented by Local Govern
Published 27 Jun, 2007 12:00am
GOOD MORNING: so much darkness, fear and pain

GOOD MORNING: so much darkness, fear and pain

This storm and rain on Saturday afternoon, stretching into the evening of the 23rd of June has brought us death and horror - resulting in an enlarged canvass of fear. A fear of rain. In fact, on this theme there are a diverse and contrasting feelings that
Published 27 Jun, 2007 12:00am
'Consumption boom; taking its toll on the poor

'Consumption boom; taking its toll on the poor

The echoes of soaring and sustained growth have been sounding very strongly from the top echelons of the current regime since the day it came to power by ousting the then elected government. Seven-point agenda of President Pervez Musharraf, unfolded on Oc
Published 27 Jun, 2007 12:00am
Threat to mango exports

Threat to mango exports

As widely expected, the country's fruit exports may suffer a setback in the aftermath of cancellation of orders worth $0.4 million by Russian mango importers. However, the exporters of this fruit are stated to have referred to the Russian importers' compl
Published 27 Jun, 2007 12:00am
Sales tax raise on steel products

Sales tax raise on steel products

The government has decided to withdraw the five percent increase in sales tax on steel products and abolish sales tax on import of scrap following countrywide protests by steel traders, says a Recorder Report quoting a high official in the Ministry
Published 27 Jun, 2007 12:00am
Transfers and postings

Transfers and postings

The Chief Justice of the Lahore High Court made transfers and postings among four District and Sessions Judges (D&SJs). According to a notification issued here D&SJ Abdul Razzaq Bhatti has been transferred from Jhang to Pakpattan, Syed Ijaz Hussain from K
Published 27 Jun, 2007 12:00am
Funds approved for Punjab University projects

Funds approved for Punjab University projects

Funds for the development of Punjab University CAD, HCC, PU Law college, HCBF, College of Engineering & Emerging Science, College of Statistics and Auctorial Science, Institute of Chemical Engineering & Tech, Departments of Special Education, Psychology a
Published 27 Jun, 2007 12:00am
Efforts under way for drug-free society: minister

Efforts under way for drug-free society: minister

Provincial Minister for Baitul Maal, Chaudhry Muhammad Ejaz Shafi has said that the government is utilising all available resources for strict implementation of anti-narcotics laws besides building public opinion against this menace.
Published 27 Jun, 2007 12:00am
Office-bearers of various parties joining PML, claims Elahi

Office-bearers of various parties joining PML, claims Elahi

Punjab Chief Minister, Chaudhry Pervaiz Elahi has said that members and office-bearers of other political parties are joining Pakistan Muslim League (PML) in a large number, as they are deeply impressed with its mass contact campaign, reforms agenda, poli
Published 27 Jun, 2007 12:00am
'Trade ties between Pakistan and UK expanding'

'Trade ties between Pakistan and UK expanding'

The United Kingdom is a region of exciting opportunities for being gateway to 370 million customers in Europe and having a huge potential in engineering, information technology, biotechnology, healthcare, education and tourism for Pakistani businessmen.
Published 27 Jun, 2007 12:00am
80 percent supplementary budget utilised for development

80 percent supplementary budget utilised for development

Punjab Finance Minister Hasnain Bhadur Dareshak said in the general discussion on supplementary budget 2006-07 that in the last four years of the present government 80 percent of supplementary budgets had been utilised for developments in the province.
Published 27 Jun, 2007 12:00am
Weed control methodologies discussed

Weed control methodologies discussed

Research scientists discussed chemical, mechanical and cultural weed control methodologies on the second day of the 8th national weed science conference here on Tuesday. The experts noticed that rate of weed losses is 10 to 50 percent in major crops of th
Published 27 Jun, 2007 12:00am
Smeda pushing ahead with robust uplift plans

Smeda pushing ahead with robust uplift plans

Small and Medium Enterprise Development Authority (Smeda) start 44 pilot projects worth Rs 83.120 million by the end of July 2007 under AHAN (Aik Hunar Aik Nagar) out of which AHAN will contribute Rs 5.576 while the rest of the funding will come from the
Published 27 Jun, 2007 12:00am
Pakistan has a large number of addicts

Pakistan has a large number of addicts

Pakistan on Tuesday joined the rest of the world in observing the International Day against drug abuse and illicit trafficking pledging for making all out efforts to create a narcotics-free society.
Published 27 Jun, 2007 12:00am
Bid to import large quantity of liquor foiled

Bid to import large quantity of liquor foiled

Customs authorities at Margalla Dry Port have foiled an attempt to bring in large quantity of liquor under the cover of furniture and consumer items on import of a container from China.
Published 27 Jun, 2007 12:00am
SCBA invites lawyers to have cup of Awami tea with CJP

SCBA invites lawyers to have cup of Awami tea with CJP

The Supreme Court Bar Association (SCBA) has invited lawyers to have a cup of 'Awami' tea with the Chief Justice of Pakistan Iftikhar Muhammad Chaudhry on Thursday, June 28 at Islamabad.
Published 27 Jun, 2007 12:00am
Rs 6,062 million being spent on population welfare schemes

Rs 6,062 million being spent on population welfare schemes

There is a growing awareness amongst the masses specially rural population about the benefits of family planning and print and electronic media has played a key role in this regard. Punjab Minister for Population Welfare Naseem Lodhi stated this while add
Published 27 Jun, 2007 12:00am
LCCI opposes investigative powers to CBR DGI

LCCI opposes investigative powers to CBR DGI

The Lahore Chamber of Commerce and Industry (LCCI) on Tuesday voiced grave concern over a report published in a section of press wherein the Directorate General of Intelligence and Investigation has sought powers for selecting the cases for income tax aud
Published 27 Jun, 2007 12:00am
ANF declares Daska drug-free

ANF declares Daska drug-free

The Anti-Narcotics Force (ANF) Punjab has declared Daska as a first ever drug-free city of the Punjab. This was disclosed by the officials of a Daska based local NGO, while addressing a seminar held at Daska in connection with International day of Anti-Dr
Published 27 Jun, 2007 12:00am
Need for medical schools stressed

Need for medical schools stressed

Medical schools needed to prepare young doctors to practise in an increasingly complex healthcare scene with changing patient and public expectations, and increasing demands from employing authorities.
Published 27 Jun, 2007 12:00am
'Lawyers' movement created awareness among masses'

'Lawyers' movement created awareness among masses'

Lawyers' movement which was launched after the episode of March 9, 2007 has achieved its goals with the massive participation of different organisations of civil society including doctors, teachers, students and scholars.
Published 27 Jun, 2007 12:00am
Nazim visits rain-affected areas

Nazim visits rain-affected areas

Nazim New Karachi Town Mohammad Hanif Sorti on Tuesday visited rain-affected areas of the town and supervised rescue work including cleanliness of roads and drains. In Union Council No 4, he supervised the power restoration work and ordered officials to c
Published 27 Jun, 2007 12:00am
Pacra maintains PKIC ratings

Pacra maintains PKIC ratings

The Pakistan Credit Rating Agency (PACRA) has maintained the long-term rating of "AA.A' (Triple A) and the short-term rating of A1+ (A one plus) of the Pakistan Kuwait Investment Company (Pvt) Limited (PKIC), says a press release.
Published 27 Jun, 2007 12:00am
Pacra maintains PKIC ratings

Pacra maintains PKIC ratings

The Pakistan Credit Rating Agency (PACRA) has maintained the long-term rating of "AA.A' (Triple A) and the short-term rating of A1+ (A one plus) of the Pakistan Kuwait Investment Company (Pvt) Limited (PKIC), says a press release.
Published 27 Jun, 2007 12:00am
Rain-related losses: HRCP condemns Arbab's statement

Rain-related losses: HRCP condemns Arbab's statement

Former federal law & human rights minister and Human Rights Commission of Pakistan (HRCP) Secretary-General Iqbal Haider on Tuesday condemned what he called "the ridiculous statement of Sindh Chief Minister Dr Arbab Ghulam Rahim that storm of the last wee
Published 27 Jun, 2007 12:00am
Audit points out irregular use of funds by NCHD

Audit points out irregular use of funds by NCHD

The National Commission for Human Development (NCHD) has unauthorisedly utilised Rs 1.25 billion Endowment Fund, says audit report for the year 2005-06. The Auditor General report showed that NCHD had received Rs 2.23 billion during 2002-03 to 2004-05 and
Published 27 Jun, 2007 12:00am
REIT to help small investors earn profits from investments

REIT to help small investors earn profits from investments

Real Estate Investment Trust (REIT), a new form of investment tool will be launched in the first week of August. REIT is being introduced for investment in capital markets, which will enable small investors to reap profits from investments in real estate,
Published 27 Jun, 2007 12:00am
REIT to help small investors earn profits from investments

REIT to help small investors earn profits from investments

Real Estate Investment Trust (REIT), a new form of investment tool will be launched in the first week of August. REIT is being introduced for investment in capital markets, which will enable small investors to reap profits from investments in real estate,
Published 27 Jun, 2007 12:00am
Power supply suspended for 17 hours in Daska

Power supply suspended for 17 hours in Daska

Power supply in Daska city was suspended for more than 17 hours on Tuesday. Reportedly, area's low capacity old and faulty electricity transformers burnt and repaired for several times during the last night between Monday and Tuesday and during the day on
Published 27 Jun, 2007 12:00am
Alleged terrorist arrested

Alleged terrorist arrested

Faisalabad Police have arrested a terrorist, Babur Ishaq in a dramatic way and seized a rocket launcher and other weapons when he was going to bury these weapons near the runway of Faisalabad Airport.
Published 27 Jun, 2007 12:00am
Khawaja claims detained at Prime Minister instructions

Khawaja claims detained at Prime Minister instructions

Khalid Khawaja, who heads the Defence of Human Rights group, has said he was detained on the orders of Prime Minister Shuakat Aziz. "After I was abducted, they kept moving me around so that my family could not trace me," Khawaja told the BBC News website.
Published 27 Jun, 2007 12:00am
Doctors observe black day against knighthood to Rushdie

Doctors observe black day against knighthood to Rushdie

To condemn the award of knighthood title to Salman Rushdie, Pakistan Medical Association's (PMA) Multan chapter, doctors observed 'black day' on Tuesday and wore black armbands during their working hours in public hospitals, on the call of the PMA.
Published 27 Jun, 2007 12:00am
Ireland pulls out from 4-nation hockey tourney

Ireland pulls out from 4-nation hockey tourney

Ireland has pulled out of a 4-nation hockey tournament being staged at Moscow from July 5 to 8. According to a spokesman of Pakistan Hockey Federation (PHF), Irish team has been replaced with Ukraine.
Published 27 Jun, 2007 12:00am
U-15 football championship starts

U-15 football championship starts

The 6th edition of National Under-15 Football Championship 2007, is starting on Wednesday, 27th June under floodlit at Khanewal's Municipal Stadium. Nazim Khanewal Sardar Ahmad Yar Hiraj will inaugurate the event. Khanewal District Football Association is
Published 27 Jun, 2007 12:00am
Kallis steers South Africa to victory

Kallis steers South Africa to victory

South Africa captain Jacques Kallis's unbeaten 91 saw his side to a four-wicket win over India at Stormont here on Tuesday in the first of three one-day internationals.
Published 27 Jun, 2007 12:00am
CAA clarification

CAA clarification

The following clarification has been received from CAA: "Reference to a news item published in your esteemed newspaper Daily 'Business Recorder', Karachi, dated 25-06-2007, under caption 'Audit Reports show huge misuse of funds by CAA, NHA and CDA'
Published 27 Jun, 2007 12:00am
MQM seeks Rs one billion for rain victims

MQM seeks Rs one billion for rain victims

Protesting over Centre's cold response, the Muttahida Qaumi Movement has asked federal government to immediately release financial aid of Rs 1 billion for Karachi where torrential rains have played havoc.
Published 27 Jun, 2007 12:00am
Translation of eleven Turkish masterpieces book launched

Translation of eleven Turkish masterpieces book launched

Eleven masterpieces of Turkish writers translated by Colonel Masud Akhtar Shaikh were introduced at the Pakistan Academy of Letters here on Tuesday. Turkish Ambassador Rauf Engin Soya Sal presided over the book launching ceremony.
Published 27 Jun, 2007 12:00am
Fair trial by unbiased judges' fundamental right: Aitzaz

Fair trial by unbiased judges' fundamental right: Aitzaz

The counsel of Chief Justice, Aitzaz Ahsan, on Tuesday argued before the Supreme Court that it was the fundamental right of Justice Iftikhar Mohammad Chaudhry that his trial should be held by unbiased and those judges who are not direct beneficiary of his
Published 27 Jun, 2007 12:00am
Dinner postponed

Dinner postponed

The Friends Group dinner in honour of M A Zuberi. Chief Editor the Business Recorder, which was scheduled at the Karachi Gymkhana on Wednesday at 8.30 pm has been postponed. According to Asadullah Khan and Maniar the dinner has been postponed due t
Published 27 Jun, 2007 12:00am
SBP sells treasury bills worth Rs 11.1 billion

SBP sells treasury bills worth Rs 11.1 billion

State Bank of Pakistan (SBP) on Tuesday sold treasury bills worth Rs 11.1 billion to absorb liquidity from the market. The SBP conducted Open Market Operation (OMO) to sell rupees five billion T-bills for nine days and Rs 9.1 billion outright sale was mad
Published 27 Jun, 2007 12:00am
The Weather

The Weather

The weather report on Tuesday (June 26, 2007) and the forecast for Wedneday (June 27, 2007).
Published 27 Jun, 2007 12:00am
SBP sells treasury bills worth Rs 11.1 billion

SBP sells treasury bills worth Rs 11.1 billion

State Bank of Pakistan (SBP) on Tuesday sold treasury bills worth Rs 11.1 billion to absorb liquidity from the market. The SBP conducted Open Market Operation (OMO) to sell rupees five billion T-bills for nine days and Rs 9.1 billion outright sale was mad
Published 27 Jun, 2007 12:00am
New York cotton

New York cotton

Tuesday's closing prices of New York cotton in US cents/lb.

Published 27 Jun, 2007 12:00am
Tribal Parliamentarians boycott Jirga

Tribal Parliamentarians boycott Jirga

Members of Parliament from tribal regions on Tuesday boycotted a Jirga held with President General Pervez Musharraf in the chair, a tribal parliamentarian said. Senator Hameedullah Afridi told reporters that the government does not take elected representa
Published 27 Jun, 2007 12:00am
New York cotton

New York cotton

Tuesday's closing prices of New York cotton in US cents/lb.

Published 27 Jun, 2007 12:00am
Senate holds seminars on law makers' role

Senate holds seminars on law makers' role

The director of Inter-Parliamentary Union (IPU) Nora and Secretary General Anders B Johnson arrived in Islamabad on Tuesday morning to attend a three-day regional seminar. The Senate is hosting the seminars in collaboration with the UNDP and the IPU.
Published 27 Jun, 2007 12:00am
Key stock and currency market movements

Key stock and currency market movements

The latest close of key indices on major world stock exchanges and the London closing values of the euro, the Japanese yen, the British pound and gold bullion (previous day's closes in brackets).

Published 27 Jun, 2007 12:00am
Law enforcement agencies foiling suicide attack threats: Cheema

Law enforcement agencies foiling suicide attack threats: Cheema

Interior Ministry spokesman Javed Iqbal Cheema has said that the law enforcement agencies have been receiving threats of suicide attacks from time to time, which are being foiled by security agencies' proactive measures.
Published 27 Jun, 2007 12:00am
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