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Nov 23, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2007-07-19
Hong Kong shares drop

Hong Kong shares drop

Hong Kong stocks consolidated on Wednesday after last week's record run, as Sinopec Corp slid further on a negative refining margin outlook while miners were hit by higher resource taxes. Hong Kong-listed China plays fell 2.2 percent, their worst one-day
Published 19 Jul, 2007 12:00am
Dow closes above 14,000 mark for first time

Dow closes above 14,000 mark for first time

The Dow closed at a record on Tuesday, striking above the 14,000 mark for the first time, and the Nasdaq rose to a six-and-a-half-year high on a cascade of stronger-than-expected earnings. But weakness in energy stocks and lingering worries about the subp
Published 19 Jul, 2007 12:00am
US Treasuries slip on stock gains

US Treasuries slip on stock gains

US government debt prices fell on Tuesday as investors favoured stocks over bonds on strong company earnings and after data showing strength in manufacturing and higher-than-expected core producer prices.
Published 19 Jul, 2007 12:00am
US Treasuries slip on stock gains

US Treasuries slip on stock gains

US government debt prices fell on Tuesday as investors favoured stocks over bonds on strong company earnings and after data showing strength in manufacturing and higher-than-expected core producer prices.
Published 19 Jul, 2007 12:00am
Malaysian shares dip

Malaysian shares dip

Malaysian share prices closed 0.60 percent lower on Wednesday on extended profit-taking amid a generally lacklustre market, dealers said. The Kuala Lumpur Composite Index closed down 8.25 points at 1,369.23 on turnover of 1.29 billion shares worth 2.09 bi
Published 19 Jul, 2007 12:00am
Thai share plunge

Thai share plunge

Thai share prices closed 0.86 percent lower on Wednesday in line with sluggish regional markets after Japanese stocks tumbled on fears of a sell-off on Wall Street, dealers said. They said the market also fell on profit-taking while investors were hardly
Published 19 Jul, 2007 12:00am
Jakarta shares weaken

Jakarta shares weaken

Indonesian share prices closed 0.30 percent lower on Wednesday as investors cashed in on recent gains in selected stocks led by heavyweight Telkom, amid a lack of fresh incentives, dealers said. The composite index closed down 6.751 points at 2,294.591 on
Published 19 Jul, 2007 12:00am
Tokyo stocks end down 1.1 percent

Tokyo stocks end down 1.1 percent

Japan's Nikkei average fell 1.1 percent on Wednesday with technology shares such as Shin-Etsu Chemical Co losing ground after lacklustre results from chip giant Intel Corp raised concerns over high-tech demand.
Published 19 Jul, 2007 12:00am
Indian shares close flat

Indian shares close flat

Indian share prices closed flat in choppy trade on Wednesday with sporadic buying seen in property stocks, dealers said. However, they said software, auto and capital goods fell on profit-taking after rising in previous days. The Mumbai stock exchange Sen
Published 19 Jul, 2007 12:00am
Singapore shares close 1.84 percent lower

Singapore shares close 1.84 percent lower

Singapore share prices closed 1.84 percent lower on Wednesday on profit-taking ahead of the release of US inflation data and Federal Reserve chairman Ben Bernanke's monetary policy report, dealers said. They said weak regional markets also added to the ne
Published 19 Jul, 2007 12:00am
Bangladesh interbank rates

Bangladesh interbank rates

Interbank buy/sell rates for the taka against the dollar on Wednesday. 68.60/68.60 (previous 68.60/68.61) Call Money Rates: 6.50-10.00 percent (previous 6.50-10.00 percent.
Published 19 Jul, 2007 12:00am
Yuan ends down

Yuan ends down

China's yuan ended slightly weaker against the dollar on Wednesday as the central bank lowered its reference rate, but trade was slow as dealers took to the sidelines ahead of China's economic data expected on Thursday.
Published 19 Jul, 2007 12:00am
Dollar hits 12-year low

Dollar hits 12-year low

The dollar slid to a 12-year low against a basket of major currencies on Wednesday, taking a hit from fears about the fallout from US subprime mortgages and expectations for higher interest rates from Europe to New Zealand.
Published 19 Jul, 2007 12:00am
Dollar rises versus yen in New York

Dollar rises versus yen in New York

The dollar edged up against the yen on Tuesday after a government report showed foreign investors bought a record amount of US securities in May. A slightly larger-than-expected advance in producer prices last month also provided mild support for the gree
Published 19 Jul, 2007 12:00am
Australian dollar rise

Australian dollar rise

The Australian dollar held above $0.8700 for the second consecutive day on Wednesday, as investors awaited testimony from the Federal Reserve chief for any clues on the outlook on rates in the world's biggest economy. The Aussie remained near Monday's 18-
Published 19 Jul, 2007 12:00am
Asian currencies: baht falls on rate cut

Asian currencies: baht falls on rate cut

The Indonesian rupiah fell to a three-week trough and the Malaysian ringgit shed a quarter of a percent on Wednesday as worries over the fallout from US subprime crisis hit the dollar but also led investors to unload risky assets.
Published 19 Jul, 2007 12:00am
Swiss franc gains

Swiss franc gains

The Swiss franc made strong gains against the dollar on Wednesday, as concerns about the fallout from the troubles in the US subprime mortgage market weighed on the US currency. The franc also rose against the euro, supported by recent upbeat news from th
Published 19 Jul, 2007 12:00am
FIFA rejects Lodhi's allegations on PFF President

FIFA rejects Lodhi's allegations on PFF President

FIFA (Fédération Internationale de Football Association) has rejected all the allegations levelled by former Pakistan Football Federation's Secretary General and Punjab Minister Arshad Khan Lodhi against PFF President Makhdoom Syed Faisal Saleh Hayat.
Published 19 Jul, 2007 12:00am
Talent-grooming hockey tournament from August 6

Talent-grooming hockey tournament from August 6

Talent-grooming hockey tournament will be played here at the National Hockey Stadium from August 6 to 14. As many as, seven selected teams from the respective training and coaching centres currently in progress at Lahore, Faisalabad, Karachi, Quetta, Bann
Published 19 Jul, 2007 12:00am
Russia drop Sharapova for Fed Cup final

Russia drop Sharapova for Fed Cup final

Maria Sharapova has been dropped from the Russian team for the Fed Cup final against Italy, team captain Shamil Tarpishchev said on Wednesday. The world number two has not received an invite from Tarpishchev to join up with the team after she pulled out o
Published 19 Jul, 2007 12:00am
Gonzalez and Nalbandian exit

Gonzalez and Nalbandian exit

American Zack Fleishman produced the biggest upset of the Los Angeles Classic when he knocked out top seed Fernando Gonzalez of Chile 7-6 6-4 in the opening round on Tuesday.
Published 19 Jul, 2007 12:00am
Hockey camp starts

Hockey camp starts

In a bid to prepare a strong national hockey team for the four-nation hockey tournament that will be played in Beijing from August 8 to 13, hockey camp started at the Naseer Bunda Hockey Stadium, Islamabad on Wednesday. Hockey teams of Pakistan, China, Au
Published 19 Jul, 2007 12:00am
Kent's Farbrace to help coach Sri Lanka

Kent's Farbrace to help coach Sri Lanka

Sri Lanka has picked Paul Farbrace, a coaching director at English county side Kent, as its new assistant coach, a top Sri Lanka Cricket official said Wednesday. "We have picked Paul as the assistant coach and his appointment will be ratified this Friday,
Published 19 Jul, 2007 12:00am
China exit Asian Cup

China exit Asian Cup

Uzbekistan knocked Group C favourites China out of the Asian Cup with a stunning 3-0 upset victory at the Shah Alam Stadium on Wednesday. All three goals came via free kicks as Dynamo Kiev striker Maksim Shatskikh, midfielder Timur Kapadze and veteran Ale
Published 19 Jul, 2007 12:00am
Dravid backs Tendulkar to come good

Dravid backs Tendulkar to come good

India captain Rahul Dravid said he had no worries about Sachin Tendulkar leading into the Test series against England despite fears the batsman's form might be on the wane. There has been a feeling in recent years that Tendulkar, Test cricket's leading ce
Published 19 Jul, 2007 12:00am
Brown warns Sudan of further sanctions

Brown warns Sudan of further sanctions

New British Prime Minister Gordon Brown insisted Wednesday he was prepared to slap further sanctions on the Sudanese government if it did not stop the bloodshed in Darfur. Brown indicated there would be no shift of policy on the war-torn western region of
Published 19 Jul, 2007 12:00am
Bangladesh donates Buddha hair relic to Sri Lanka

Bangladesh donates Buddha hair relic to Sri Lanka

The small Buddhist community in Bangladesh has gifted a few strands of a lock of hair said to have come from the Buddha to Sri Lanka as a goodwill gesture, an official said Wednesday.
Published 19 Jul, 2007 12:00am
More controversy on eve of India's presidential poll

More controversy on eve of India's presidential poll

More controversy hit the favourite to win India's increasingly bitter presidential race on Wednesday, a day before votes are cast. The 72-year-old Pratibha Patil, who looks set to be India's first woman president, already faces allegations of shielding fa
Published 19 Jul, 2007 12:00am
Japan's quake-hit nuclear plant ordered to remain shut

Japan's quake-hit nuclear plant ordered to remain shut

Authorities Wednesday ordered the world's largest nuclear plant to stay shut indefinitely after Japan's deadly earthquake, as its operator revealed a radiation leak was worse than thought. As the death toll rose to 10, some of Japan's top automakers said
Published 19 Jul, 2007 12:00am
Australia denies rift with India over terror suspect

Australia denies rift with India over terror suspect

Australia Wednesday played down the risk of a row with India over the treatment of an Indian doctor held on terror charges, as a senior judge ridiculed the reasons for keeping the suspect locked up.
Published 19 Jul, 2007 12:00am
11 killed in Afghanistan

11 killed in Afghanistan

Insurgent attacks in Afghanistan killed at least nine police and two road workers Wednesday, and a suicide bomber targeting Nato forces wounded a civilian in the capital, police said. A suicide bomber in police uniform blew himself up at a provincial poli
Published 19 Jul, 2007 12:00am
Twelve killed in attacks across Iraq

Twelve killed in attacks across Iraq

At least 12 people were killed in Iraq on Wednesday, including four in a double roadside bombing near a fuel station in Baghdad, medics and security officials said. Two bombs went off near the Al-Jhabha fuel station on the main Al-Kanal road passing throu
Published 19 Jul, 2007 12:00am
Thailand lifts ban on new political parties

Thailand lifts ban on new political parties

Thailand lifted a ban Wednesday on forming new political parties, but it remains unclear whether ousted premier Thaksin Shinawatra's party can regroup in time to contest polls expected by year's end.
Published 19 Jul, 2007 12:00am
Republicans block vote on US troop withdrawal

Republicans block vote on US troop withdrawal

President George W. Bush's Republicans blocked a Democratic plan to withdraw US combat troops from Iraq by the end of April 2008 to cap a rare round-the-clock US Senate debate on Wednesday. On a vote of 52-47, backers fell short of the needed 60 to clear
Published 19 Jul, 2007 12:00am
Middle East group seen backing US plan

Middle East group seen backing US plan

The quartet of Middle East mediators is expected to back US plans to revive Israeli-Palestinian peace moves and hear from new special envoy Tony Blair when it meets in Portugal on Thursday.
Published 19 Jul, 2007 12:00am
Bush and UAE president discuss Middle East peace

Bush and UAE president discuss Middle East peace

US President George W. Bush on Wednesday courted United Arab Emirates President Sheikh Khalifa bin Zayed al-Nahayan's support for his new Middle East plan, the White House said. The US president telephoned Khalifa "to talk about the situation in the Middl
Published 19 Jul, 2007 12:00am
North Korea nuclear talks eye goals after shutdown

North Korea nuclear talks eye goals after shutdown

Envoys in Beijing on Wednesday worked towards a deal to press North Korea to disable nuclear facilities by the end of the year, while the UN atomic watchdog confirmed a key atomic complex was now locked.
Published 19 Jul, 2007 12:00am
Russia rebuffs Nato talks offer on arms pact

Russia rebuffs Nato talks offer on arms pact

Russia on Wednesday rejected a Nato offer to hold a special conference on a key European arms pact and instead proposed working on a new agreement, local news agencies quoted a top defence ministry official as saying.
Published 19 Jul, 2007 12:00am
Hamas has contacts with al Qaeda: French minister

Hamas has contacts with al Qaeda: French minister

Palestinian militant group Hamas has contacts with al Qaeda, French Foreign Minister Bernard Kouchner said on Wednesday, adding that this was not the result of Western pressure to isolate the movement.
Published 19 Jul, 2007 12:00am
Abbas plans elections after Hamas 'coup'

Abbas plans elections after Hamas 'coup'

Palestinian President Mahmoud Abbas said on Wednesday he will order early parliamentary and presidential elections in response to what he called the "coup" by Hamas in the Gaza Strip. Senior officials in the West Bank said there was not yet a clear timeta
Published 19 Jul, 2007 12:00am
Bulgaria, EU move to secure freedom for HIV medics

Bulgaria, EU move to secure freedom for HIV medics

Bulgaria and the European Union called on Libya on Wednesday to transfer six foreign medics to Sofia, after Tripoli lifted their death sentences for infecting hundreds of children with the HIV virus.
Published 19 Jul, 2007 12:00am
Mandela marks 89th birthday by launching braintrust

Mandela marks 89th birthday by launching braintrust

Nelson Mandela marked his 89th birthday on Wednesday by launching an international group of elder statesmen, including fellow Nobel peace laureates Desmond Tutu and Jimmy Carter, to tackle the world's problems.
Published 19 Jul, 2007 12:00am
Sterling springs back

Sterling springs back

Sterling retreated from a 26-year high against a broadly weaker dollar on Wednesday after minutes of the Bank of England's last rate-setting meeting revealed a split vote for this month's hike in line with market expectations.
Published 19 Jul, 2007 12:00am
Dollar tumbles on subprime worries

Dollar tumbles on subprime worries

The dollar slid to a 12-year low against a basket of major currencies on Wednesday, hurt by fears that troubles in the US housing sector could necessitate rate cuts at a time when other central banks are tightening policy.
Published 19 Jul, 2007 12:00am
Indian rupee slips

Indian rupee slips

The Indian rupee slipped on Wednesday as mounting concerns about a loss of risk appetite among global investors prompted traders to pare their holdings. The partially convertible rupee ended at 40.4150/4250 per dollar from Tuesday's 40.36/37, though it wa
Published 19 Jul, 2007 12:00am
Crossover index widens sharply as subprime strikes again

Crossover index widens sharply as subprime strikes again

European credit spreads widened further on Wednesday, with the Crossover index hitting a two-year high, a day after Bear Stearns said two hedge funds that had bet on the US subprime mortgage market had lost almost all their value.
Published 19 Jul, 2007 12:00am
Crossover index widens sharply as subprime strikes again

Crossover index widens sharply as subprime strikes again

European credit spreads widened further on Wednesday, with the Crossover index hitting a two-year high, a day after Bear Stearns said two hedge funds that had bet on the US subprime mortgage market had lost almost all their value.
Published 19 Jul, 2007 12:00am
Chinese shares move up

Chinese shares move up

China's main stock index closed 0.87 percent higher on Wednesday, led by financials, property and airline stocks - sectors benefiting from the country's currency appreciation against the US dollar. While concerns about rising inflation, which could prompt
Published 19 Jul, 2007 12:00am
Wednesday's early afternoon trade

Wednesday's early afternoon trade

US stocks dropped on Wednesday as concern grew about troubles in the subprime mortgage market a day after Bear Stearns said two hedge funds with big bets on the sector were nearly worthless. Lackluster results from technology bellwethers also weighed on s
Published 19 Jul, 2007 12:00am
Seoul shares fall

Seoul shares fall

Seoul shares fell 1 percent on Wednesday to mark a second consecutive session in the red as POSCO slumped on worries earnings growth would slow, and amid caution about valuations after a recent record-setting surge.
Published 19 Jul, 2007 12:00am
Britain's top share index falls

Britain's top share index falls

Britain's top share index fell more than 1 percent on Wednesday, as downbeat comments by Federal Reserve Chairman Ben Bernanke hit global equities already nervous about the US subprime market crisis. Bernanke said the US housing slump had yet to hit botto
Published 19 Jul, 2007 12:00am
London coffee rises

London coffee rises

Robusta coffee futures ended higher on Wednesday, boosted by industry buying and the continued rebound in New York's arabica market as producers remained on the sidelines, dealers said. White sugar ended higher, tracking gains in New York raws, while coco
Published 19 Jul, 2007 12:00am
US wheat to dominate export market until fall

US wheat to dominate export market until fall

The United States will dominate the wheat export market for the near term, capitalising on drought that slashed yields in Ukraine and Russia and rain hurting the French wheat crop. The competition is expected to increase sharply beginning this fall, as Ca
Published 19 Jul, 2007 12:00am
Oil jumps over $1 on sharp fall in US gasoline stocks

Oil jumps over $1 on sharp fall in US gasoline stocks

Oil jumped more than a dollar on Wednesday after a steep drop in US gasoline stocks fanned concerns the world's top consumer could face a shortfall during the peak summer driving season. Plagued by a string of unplanned outages, US refiners have drawn dow
Published 19 Jul, 2007 12:00am
India to sell 250,000 tonnes raw sugar

India to sell 250,000 tonnes raw sugar

A trading body formed by private sugar mills, Indian Sugar Exim Corp, is in talks to sell 250,000 tonnes of raw sugar, and plans to ship the bulk to Middle Eastern refineries, a trade source said on Wednesday.
Published 19 Jul, 2007 12:00am
New York cotton reverses course to end strong

New York cotton reverses course to end strong

Cotton futures rallied to a strong finish on Wednesday, reversing early declines when bullish funds and speculators decided to buy dips after a day-and-a-half sell-off, traders said.
Published 19 Jul, 2007 12:00am
Copper consumption tops output

Copper consumption tops output

World refined copper consumption outpaced production by 267,000 tonnes in the first four months of the year, compared with a surplus of 35,000 tonnes in the year-ago period, the International Copper Study Group said in its latest monthly bulletin.
Published 19 Jul, 2007 12:00am
Lead hits record peak

Lead hits record peak

Supply concerns sent lead to a record peak on the London Metal Exchange (LME) on Wednesday and tin hit a three-month high on fund buying, traders said. Lead for delivery in three months touched a record $3,260 a tonne before closing at $3,236 up $26 on Tu
Published 19 Jul, 2007 12:00am
European gold hits six-week high

European gold hits six-week high

Gold hit a six-week high on Wednesday as the dollar tumbled to a record low against the euro, but dealers trod cautiously ahead of the summer holiday period. Analysts were not yet convinced the rally was sustainable as recent spikes had prompted investors
Published 19 Jul, 2007 12:00am
US MIDDAY: wheat higher

US MIDDAY: wheat higher

Soft red winter wheat futures at the Chicago Board of Trade were higher at midsession on Wednesday, rebounding from Tuesday's weak close on tight global wheat supplies and optimism about US export demand, traders said. Syria cancelled nearly 400,000 tonne
Published 19 Jul, 2007 12:00am
US MIDDAY: corn gains

US MIDDAY: corn gains

Corn futures at the Chicago Board of Trade were higher early on Wednesday with some forecasts for warmer and drier weather by next week in the US Midwest lending support, traders said. Corn also found support from strong gains in soy and wheat and from a
Published 19 Jul, 2007 12:00am
US MIDDAY: soya rebound

US MIDDAY: soya rebound

Chicago Board of Trade soyabean futures rose more than 1 percent early Wednesday, rebounding after sliding nearly 90 cents per bushel this week as changing weather forecasts kept prices swinging, traders said.
Published 19 Jul, 2007 12:00am
US MIDDAY: copper tumbles

US MIDDAY: copper tumbles

US copper futures traded down nearly half a percent in early business on Wednesday as traders digested June US housing data which continued to paint a dreary picture for the downtrodden sector, analysts said.
Published 19 Jul, 2007 12:00am
US MIDDAY: gold futures jump

US MIDDAY: gold futures jump

US gold futures climbed early on Wednesday as the dollar touched another record low against the euro and as oil prices remained firm, and analysts expected the precious metal to be supported by heightened geopolitical tensions and the falling greenback.
Published 19 Jul, 2007 12:00am
TMA launches web-based software

TMA launches web-based software

Towel Manufacturers' Association (TMA) has launched a web-based software. An announcement here said that it featured checking of duplication of R&D and also provided export data according to HS code. The software would also facilitate the State Bank of Pa
Published 19 Jul, 2007 12:00am
Social security for domestic women workers demanded

Social security for domestic women workers demanded

Social security be made available to the domestic women workers. A demand was made at a meeting organised by Action Aid Pakistan in collaboration with the Labour Education Foundation (LEF). It was pointed out that majority of the workers in the country we
Published 19 Jul, 2007 12:00am
National Assembly body hails coastal highway repair work

National Assembly body hails coastal highway repair work

The National Assembly Standing Committee on Ministry of Communications on Wednesday appreciated the efforts being made by the National Highways Authority (NHA) to repair and restore the Coastal Highway.
Published 19 Jul, 2007 12:00am
CPNE condemns murder of Mahmud's sister

CPNE condemns murder of Mahmud's sister

The Council of Pakistan Newspaper Editors (CPNE) has strongly condemned the brutal life attempt on Mahmud-ul-Aziz's sister last week. Aziz is a veteran journalist and chief editor of the United Press of Pakistan (UPP). Mrs Atiya Ameenuddin was killed by u
Published 19 Jul, 2007 12:00am
Mobile phone sets

Mobile phone sets

Today the number of mobile phone subscribers in Pakistan, which has emerged as one of the fastest growing markets in the world, has expanded to a record 60.90 million. Resultantly, the import of mobile phone sets has increased manifold during the last few
Published 19 Jul, 2007 12:00am
Gulistan-e-Jauhar remains neglected

Gulistan-e-Jauhar remains neglected

Gulistan-e-Jauhar is being neglected in development of civic amenities of life on account of unfortunate duality in its administrative control; ie partly by the Cantonment Board Faisal (CBF) and partly by the City District Government of Karachi (CDGK), ro
Published 19 Jul, 2007 12:00am
Finance Act 2007: reflection of regressive taxation

Finance Act 2007: reflection of regressive taxation

The adoption of Finance Bill 2007 by the lower house on June 22, 2007, in utter haste, without assessing its impact on the economy and devastating burden of regressive taxes on the poor, once again proved that the so-called elected representatives are not
Published 19 Jul, 2007 12:00am
Islamabad atrocity and after

Islamabad atrocity and after

The latest victims of the terrorism sweeping this country are 17 people, including women, who had gathered to hear the Chief Justice of Pakistan Iftikhar Mohammad Chaudhry address a lawyers rally on Tuesday evening in Islamabad. Sixty-three others were in
Published 19 Jul, 2007 12:00am
Democracy and rule of law

Democracy and rule of law

In his speech at the Lahore Bar Council, Chief Justice of Pakistan Iftekhar Mohammad Chaudhry, while staying within theoretic constraints, addressed the question of rule of law, the absence of which is responsible for a general chaos and conflict in this
Published 19 Jul, 2007 12:00am
Ministry vacates housing units from illegal occupants

Ministry vacates housing units from illegal occupants

The Ministry of Housing and Works has vacated various residential facilities occupied by illegal occupants in the Federal Capital. An official in the ministry told APP on Wednesday.
Published 19 Jul, 2007 12:00am
PPP calls for FCR overhauling

PPP calls for FCR overhauling

Pakistan People's Party on Wednesday called for massive social and political reforms in the tribal areas and changes in the archaic Frontier Crimes Regulations (FCR) if the war on terror is to succeed.
Published 19 Jul, 2007 12:00am
Interpol issues red notices against seven accused

Interpol issues red notices against seven accused

The Secretariat General of International Crime Police Organisation (ICPO), Interpol based in Lyon, France has issued Red Notices against seven accused absconding abroad and wanted by the National Accountability Bureau (NAB) on charges of corruption, fraud
Published 19 Jul, 2007 12:00am
APHC concerned over deforestation in occupied Kashmir

APHC concerned over deforestation in occupied Kashmir

The All Parties Hurriyat Conference (APHC) has expressed serious concern over growing illegal and unauthorised deforestation of occupied Kashmir by Indian troops, turning the territory into a wood smuggling hub.
Published 19 Jul, 2007 12:00am
Kashmir's accession to Pakistan Day to be observed today

Kashmir's accession to Pakistan Day to be observed today

The people of the Jammu and Kashmir, residing on both sides of the Line of Control, are all set to rejoice the 60th Kashmir's Accession-to-Pakistan Day on July 19 (Thursday) with an unflinching resolve to affix their final destiny with Pakistan to transfo
Published 19 Jul, 2007 12:00am
5,740 watercourses lined in Sindh during 2006-07

5,740 watercourses lined in Sindh during 2006-07

A total of 5,740 watercourses have been lined in the year 2006-07 under National Programme for Improvement of Watercourses (NIPW) in all 23 districts of Sindh.
Published 19 Jul, 2007 12:00am
Flour milling moot begins on July 20

Flour milling moot begins on July 20

The 2nd flour milling conference is being held in the provincial metropolis on July 20-21 under the aegis of Indo-Pak Flour Mills Confederation and Flour Milling News Pakistan. Punjab Minister for Food Hussain Jehanian Gardezi will be the chief guest at t
Published 19 Jul, 2007 12:00am
Rs 400 million provided for QIE rehabilitation

Rs 400 million provided for QIE rehabilitation

Provincial Minister for Industries, Muhammad Ajmal Cheema has said that Punjab government has provided Rs 400 million for rehabilitation of Quaid-i-Azam Industrial Estate (QIE) in Lahore. Consequently, the industrialists of QIE are now enjoying facilities
Published 19 Jul, 2007 12:00am
GOHER for protection, promotion of consumers' rights

GOHER for protection, promotion of consumers' rights

Global Organisation for Human Empowerment and Rights (GOHER) held a seminar on "Consumers' Rights and their Protection," at its main secretariat, which was attended by a large number people belonging to different walks of life, including traders, members
Published 19 Jul, 2007 12:00am
Indus in low flood

Indus in low flood

River Indus at Taunsa, Guddu and Sukkur and river Ravi at Balloki are in low flood while all other major rivers are flowing below low flood level. Indus tributaries in the NWFP ie river Kabul at Adezai Bridge and river Chitral at Chitral are in high flood
Published 19 Jul, 2007 12:00am
All set to inaugurate model houses

All set to inaugurate model houses

Preparations and arrangements for inaugural ceremony of the model houses at Tricon Village continue in full swing. According to a Tricon' spokesman here on Wednesday, all the construction work of the model houses has been completed. Best construction mate
Published 19 Jul, 2007 12:00am
PHMA hails trade policy

PHMA hails trade policy

Chairman Pakistan Hosiery Manufacturers Association (PHMA) Adil Butt appreciated the Trade Policy 2007-08 and said a well sustained and long-term policy is dire need of the hour to build confidence among garments exporters.
Published 19 Jul, 2007 12:00am
Doctor and Patwari held on charges of fraud

Doctor and Patwari held on charges of fraud

Anti-Corruption Establishment (ACE) Punjab, arrested Dr Aftab Iqbal who was posted at Rural Health Center Hujra Shah Muqeem for issuing bogus medico-legal certificate. The ACE also nabbed Irshad Ahmad Patwari Halqa Depalpur for fraud of Rs 0.6 million aft
Published 19 Jul, 2007 12:00am
LHC directs SSP to recover minors

LHC directs SSP to recover minors

The Lahore High Court has directed the SSP (operation) to produce twin minor daughters of a showbiz model Sofia Mirza on July 24 after recovering them from the custody of their father Umer Farooq. Earlier, the Station House Officer (SHO) of Factory Area p
Published 19 Jul, 2007 12:00am
Relief goods sent to flood-hit areas

Relief goods sent to flood-hit areas

Alkhidmat Foundation Pakistan dispatched medicines, tents and eatable items worth millions of rupees for the flood-affected people of Balochistan and Sindh.
Published 19 Jul, 2007 12:00am
PSIC and Paapam sign MoU

PSIC and Paapam sign MoU

A memorandum of understanding (MoU) between Punjab Small Industries Corporation (PSIC) and Pakistan Association of Automotive Parts and Accessories Manufacturers (Paapam) was signed on Wednesday for Auto-Part Support Center.
Published 19 Jul, 2007 12:00am
Shortage of funds irks Senate body

Shortage of funds irks Senate body

The Senate standing sub-committee on Education Wednesday disappointed when it was informed that the shortage of funds was still staring in the face of the Education Ministry.
Published 19 Jul, 2007 12:00am
Chinese team signs trade accords today

Chinese team signs trade accords today

Chinese trade mission and Pakistani exporters would sign accords here on Thursday for enhancing trade between the two countries. A high-level Chinese Trade mission has been on three-day, from July 18 to July 20, visit to Pakistan to explore the ways for f
Published 19 Jul, 2007 12:00am
PC to review P&D division recruitment rules

PC to review P&D division recruitment rules

The Planning Commission (PC) has decided to review recruitment rules in the Planning and Development (P&D) Division and the PC deputy chairman gave go ahead signal to induct 100 professionals in various cadres, which is essential for strengthening and rev
Published 19 Jul, 2007 12:00am
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