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Nov 25, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2007-08-11
BAE profit jumps 17 percent

BAE profit jumps 17 percent

Europe's biggest defence firm, BAE Systems, beat estimates with a 17 percent rise in first-half underlying profits, sending its shares 3 percent higher as its armoured-vehicle business drove growth. Earnings before interest, taxes and amortisation (EBITA)
Published 11 Aug, 2007 12:00am
AXA seeks to calm subprime fears as first half profits surge

AXA seeks to calm subprime fears as first half profits surge

AXA, Europe's second-biggest insurer, called for investors to stay calm over current problems in the US subprime mortgage sector as it posted a 16 percent rise in first-half net profit. "Even if there is market turbulence in the short term, one must not p
Published 11 Aug, 2007 12:00am
AXA seeks to calm subprime fears as first half profits surge

AXA seeks to calm subprime fears as first half profits surge

AXA, Europe's second-biggest insurer, called for investors to stay calm over current problems in the US subprime mortgage sector as it posted a 16 percent rise in first-half net profit. "Even if there is market turbulence in the short term, one must not p
Published 11 Aug, 2007 12:00am
London eyes Paris-style bike hire scheme

London eyes Paris-style bike hire scheme

London Mayor Ken Livingstone is looking into the possibility of introducing a public bike hire scheme along the lines of one in Paris to promote more sustainable forms of transport, he said Thursday.
Published 11 Aug, 2007 12:00am
Seoul shares fall

Seoul shares fall

Seoul shares had their biggest fall in three years on Friday, hitting a five-week closing low, as financials such as Kookmin Bank were pounded by a global credit squeeze that prompted investors to seek the safety of bonds.
Published 11 Aug, 2007 12:00am
Thai shares close 0.86 percent lower

Thai shares close 0.86 percent lower

Thai share prices closed 0.86 percent lower Friday in line with heavy losses across the region amid fears that US subprime mortgage problems could trigger a global credit crisis, dealers said. They said sentiment was sluggish as investors were alarmed by
Published 11 Aug, 2007 12:00am
Credit fears sink Hong Kong shares

Credit fears sink Hong Kong shares

Hong Kong stocks declined 2.9 percent in a broad sell-off on Friday, as worries mounted about credit conditions following fresh signs that turmoil in the US subprime mortgage market was spreading world-wide. Trade terminated at 0645 GMT, more than an hour
Published 11 Aug, 2007 12:00am
Nikkei average falls more than two percent

Nikkei average falls more than two percent

Tokyo's Nikkei average fell more than 2 percent to its lowest close in almost five months on Friday as worries about spreading US subprime mortgage woes sparked selling of financial stocks and prompted investors to take profits in shipping firms and other
Published 11 Aug, 2007 12:00am
Singapore shares slip

Singapore shares slip

Singapore share prices closed 1.6 percent lower Friday as investors rushed for the exit amid fears the US subprime mortgage crisis is spreading, dealers said. They said concerns over the US subprime mortgage market overshadowed local news the economy had
Published 11 Aug, 2007 12:00am
US treasury prices pare gains

US treasury prices pare gains

US Treasury prices rose on Thursday as investors shunned riskier assets for the safety of government bonds on signs that turmoil in US credit markets has spread abroad. The seizing up of credit availability overnight in Europe prompted Europe's central ba
Published 11 Aug, 2007 12:00am
US treasury prices pare gains

US treasury prices pare gains

US Treasury prices rose on Thursday as investors shunned riskier assets for the safety of government bonds on signs that turmoil in US credit markets has spread abroad. The seizing up of credit availability overnight in Europe prompted Europe's central ba
Published 11 Aug, 2007 12:00am
Jakarta shares lower

Jakarta shares lower

Indonesian share prices closed 1.5 percent lower on Friday on worries over the US subprime credit crisis although the main index came off its lows, dealers said. They said investors found some comfort from a statement made by the head of the country's cap
Published 11 Aug, 2007 12:00am
Malaysian shares dip

Malaysian shares dip

Malaysian shares closed sharply lower on Friday in line with an Asian selldown over fears the US subprime woes could develop into a global credit crisis, dealers said. The Kuala Lumpur Composite Index (KLCI) closed down 25.69 points, or 1.96 percent at 1,
Published 11 Aug, 2007 12:00am
JGBs leap on credit woes

JGBs leap on credit woes

Japanese government bonds surged on Friday as investors speculated that the Bank of Japan may not lift interest rates this month, given that tightening in global credit markets has cranked up market volatility.
Published 11 Aug, 2007 12:00am
JGBs leap on credit woes

JGBs leap on credit woes

Japanese government bonds surged on Friday as investors speculated that the Bank of Japan may not lift interest rates this month, given that tightening in global credit markets has cranked up market volatility.
Published 11 Aug, 2007 12:00am
Indian shares end at one-month low

Indian shares end at one-month low

Indian shares fell 1.54 percent on Friday to their lowest close in more than a month - although they ended well above their lows for the day - as investors exited riskier assets on fears of a global liquidity crisis.
Published 11 Aug, 2007 12:00am
India raises ceiling on intervention bonds

India raises ceiling on intervention bonds

India's government raised the central bank's currency intervention firepower on Wednesday, a day after it imposed limits on foreign borrowings by local firms in an effort to stem the strength of the rupee.
Published 11 Aug, 2007 12:00am
India raises ceiling on intervention bonds

India raises ceiling on intervention bonds

India's government raised the central bank's currency intervention firepower on Wednesday, a day after it imposed limits on foreign borrowings by local firms in an effort to stem the strength of the rupee.
Published 11 Aug, 2007 12:00am
Yuan ends down versus dollar

Yuan ends down versus dollar

The yuan fell against the dollar on Friday as much of the market speculated the US subprime mortgage crisis might actually slow, not accelerate, the Chinese currency's appreciation against the dollar. The US Federal Reserve may ease monetary policy and th
Published 11 Aug, 2007 12:00am
Yen gains

Yen gains

The yen rose broadly on Friday as turbulence in global equities and credit markets caused investors to shy away from risk, triggering an unwinding of carry trades. The yen extended its gains as a sharp sell-off in Asian equities dented investors' risk app
Published 11 Aug, 2007 12:00am
Yen soars as investors shun risk

Yen soars as investors shun risk

The yen rose sharply on Thursday as investors ran from risky low-interest rate-funded trades following further revelations the US subprime mortgage crisis has spread to Europe.
Published 11 Aug, 2007 12:00am
Swiss franc strengthens

Swiss franc strengthens

The Swiss franc strengthened against major currencies on Friday as markets unwound risky carry trades pressuring the franc, as borrowing rates rise in the wake of the subprime lending crisis. The franc was some 0.1 percent stronger against the euro at 1.6
Published 11 Aug, 2007 12:00am
Credit woes hit Asian currencies

Credit woes hit Asian currencies

Asian currencies fell on Friday amid a broad sell-off of riskier assets triggered by spreading credit market woes, prompting some central banks to sell dollars to stem the slide. Traders said they suspected central banks in Indonesia, the Philippines and
Published 11 Aug, 2007 12:00am
Australian dollar falls

Australian dollar falls

The Australian dollar dropped as much as 3 percent to a six-week low against the US currency in just 24 hours as the taste for risk soured and central banks pumped money into banking systems to counter a credit squeeze.
Published 11 Aug, 2007 12:00am
French FA boss steps in to defuse row with Italy

French FA boss steps in to defuse row with Italy

French Football Federation (FFF) president Jean-Pierre Escalettes stepped in on Friday to defuse a row with Italy after controversial comments by France coach Raymond Domenech.
Published 11 Aug, 2007 12:00am
Sri Lanka to ban players joining India's rebel league

Sri Lanka to ban players joining India's rebel league

Sri Lankan cricket's governing body on Friday threatened to ban any national player who took part in the breakaway multi-million dollar Indian Cricket League. Sri Lankan players participating in any "tournament or league other than Sri Lanka Cricket (SLC)
Published 11 Aug, 2007 12:00am
Sharapova reaches quarter-finals

Sharapova reaches quarter-finals

Top-seeded Maria Sharapova struggled past Michaella Krajicek here Thursday to become one of four Russians to book quarter-final berths at this 600,000-dollar US Open tune-up. Sharapova, winner of the tier one title in San Diego on Sunday, clawed her way t
Published 11 Aug, 2007 12:00am
Federer crushes qualifier to lead seed stampede

Federer crushes qualifier to lead seed stampede

The top five seeds swept into the quarter-finals of the Montreal Masters late Thursday with Roger Federer setting the blistering pace. The Swiss number one played to perfection a day after celebrating a birthday on court, blowing out the candles on Italia
Published 11 Aug, 2007 12:00am
PCB extends contract deadline

PCB extends contract deadline

Pakistan have extended a deadline for players to sign their new binding central contracts by five days because senior players Mohammad Yousuf, Abdul Razzaq, Younis Khan and Danish Kaneria have yet to sign.
Published 11 Aug, 2007 12:00am
Kumble hundred lead India to brink of series win

Kumble hundred lead India to brink of series win

Anil Kumble's maiden Test hundred all but assured India of a series win over England on the second day of the third and final Test at The Oval here Friday. At the close England were 24 for one in reply to India's first innings 664, still needing a further
Published 11 Aug, 2007 12:00am
Three-tonne meteorite stolen in Russia

Three-tonne meteorite stolen in Russia

Russian police were combing the northern Siberian city of Krasnoyarsk on Friday for a three-tonne meteorite that has disappeared from under the nose of its keepers. The giant rock was stolen from the yard of the Tunguska Space Event foundation, whose dire
Published 11 Aug, 2007 12:00am
Drill reaches Utah mine chamber where six trapped

Drill reaches Utah mine chamber where six trapped

Rescue crews drilled into a deep chamber where six miners are trapped in a collapsed Utah coal mine but heard no sound through a microphone lowered into the cavity.
Published 11 Aug, 2007 12:00am
China Bird's Nest designer rails at Olympic 'fakeness'

China Bird's Nest designer rails at Olympic 'fakeness'

Two days after China marked the one-year countdown to the Olympics with fireworks, pomp and ceremony, the Chinese co-designer of the Games' most iconic stadium has slammed the event as a public relations sham.
Published 11 Aug, 2007 12:00am
South Koreans to be punished for losing uranium

South Koreans to be punished for losing uranium

The South Korean government will punish staff at a state-run atomic research institute for losing uranium samples that were subject to inspection by the UN nuclear watchdog, officials said Friday.
Published 11 Aug, 2007 12:00am
Bulgarian medics testify about torture in Libya

Bulgarian medics testify about torture in Libya

Six Bulgarian medics freed in July after spending more than eight years in a Libyan prison told an investigation commission Friday in Sofia how they were subjected to torture in jail. Their testimony came two days after Libyan leader Moamer Kadhafi's son
Published 11 Aug, 2007 12:00am
Korea summit means massive aid for North: analysts

Korea summit means massive aid for North: analysts

South Korea may be ready to offer billions of dollars to rebuild the failing North Korean economy when leaders meet for only the second ever summit between the enemy states later this month, analysts said. Leaders from the two countries, technically at wa
Published 11 Aug, 2007 12:00am
Four killed as heavy fighting breaks out in Mogadishu

Four killed as heavy fighting breaks out in Mogadishu

At least four Somalis were killed Friday as heavy fighting broke out in the capital Mogadishu between insurgents and the Ethiopian-backed government forces, police and witnesses said.
Published 11 Aug, 2007 12:00am
Turkish presidential vote to be re-run on August 20

Turkish presidential vote to be re-run on August 20

Turkey's newly re-elected parliament will start voting for a new president on August 20, its speaker said on Friday, after the process was derailed in May by the country's powerful secular elite.
Published 11 Aug, 2007 12:00am
Israeli minister dismisses peace push 'fantasies'

Israeli minister dismisses peace push 'fantasies'

Israeli Defence Minister Ehud Barak was quoted as saying on Friday that talk of any peace deal with the Palestinians anytime soon was a "fantasy", in a challenge to US-led efforts to revive negotiations.
Published 11 Aug, 2007 12:00am
UN gets bigger political role in Iraq

UN gets bigger political role in Iraq

The Security Council voted on Friday to give the United Nations an expanded political role in Iraq, promoting reconciliation between its rival factions and dialogue with neighbouring countries.
Published 11 Aug, 2007 12:00am
British official kidnapped

British official kidnapped

Gunmen seized a British manager from oil services firm Hydrodive in the anarchic Nigerian city of Port Harcourt in the Niger Delta on Friday, authorities said. "The man was on his way to work when some gunmen in a car overtook his vehicle and blocked it b
Published 11 Aug, 2007 12:00am
British soldier killed in Afghanistan

British soldier killed in Afghanistan

A British soldier with the Nato-led International Security Assistance Force fighting Taliban insurgents was killed Friday while on patrol in southernn Afghanistan, the force said. Another British soldier was wounded in the incident, the British defence mi
Published 11 Aug, 2007 12:00am
US army meets recruit goals, with $20,000 signing bonus

US army meets recruit goals, with $20,000 signing bonus

The US Army exceeded its July recruiting goal, aided by 20,000-dollar sign-up bonuses offered after two straight months of enlistment shortfalls, officials said Friday. All other active-duty services met or surpassed their monthly recruiting targets in Ju
Published 11 Aug, 2007 12:00am
All 20 feared dead in Tahiti plane crash

All 20 feared dead in Tahiti plane crash

A local passenger plane making a routine seven-minute island hop to Tahiti smashed into the Pacific Ocean on Friday, with all 20 people on board feared dead, officials said. Two Australians and two EU officials were among those lost when the doomed turbop
Published 11 Aug, 2007 12:00am
Car bomb kills 11

Car bomb kills 11

A car bomb killed 11 people and wounded 45 others near a market in a Kurdish district of the northern Iraqi city of Kirkuk on Friday, police said. Police said the attack in Kirkuk's southern al-Hurriya district destroyed several shops and damaged nearby h
Published 11 Aug, 2007 12:00am
Moqtada al-Sadr in Iran: US

Moqtada al-Sadr in Iran: US

Powerful Iraqi Shia cleric Moqtada al-Sadr is in Iran and not in complete control of the militia that owe allegiance to him, the US commander in Sadr's main stronghold in Baghdad said on Friday.
Published 11 Aug, 2007 12:00am
Trio starts long-shot hunt for Kosovo compromise

Trio starts long-shot hunt for Kosovo compromise

Envoys of Russia, the United States and the European Union met Serb leaders on Friday to launch a last-ditch bid for compromise on the breakaway province of Kosovo and its Albanian majority's demand for independence.
Published 11 Aug, 2007 12:00am
Over 50 die in Philippine fighting

Over 50 die in Philippine fighting

The Philippine military will step up offensives against rebels after it lost 26 soldiers in the heaviest fighting in the volatile south in nearly three years, the head of the armed forces said on Friday.
Published 11 Aug, 2007 12:00am
World's largest nuclear plant closed for 'months'

World's largest nuclear plant closed for 'months'

UN inspectors said Friday that the world's largest nuclear plant in Japan will be closed for months, weeks after being hit by an earthquake. A mission from the UN nuclear watchdog, the International Atomic Energy Agency (IAEA), spent four days inspecting
Published 11 Aug, 2007 12:00am
India rupee slips

India rupee slips

The Indian rupee was sold against the dollar on Friday on concerns that turbulence in global markets and heightened risk aversion would trigger a wave of withdrawals by foreign investors. The rupee ended at 40.6350/6450 per dollar, slipping from Thursday'
Published 11 Aug, 2007 12:00am
Sterling falls broadly

Sterling falls broadly

Sterling fell against the dollar, yen and euro on Friday as risk aversion hurt higher-yielding currencies, prompting investors to cut risky carry trades. Turbulence in global equities and credit markets has prompted investors to shun borrowing low-yieldin
Published 11 Aug, 2007 12:00am
Yen powers up

Yen powers up

The yen's broad rally gathered steam on Friday as continued turmoil in global financial markets caused investors to shun risk, cutting their exposure to carry trade positions. High-yielding currencies including the Australian and New Zealand dollars fell
Published 11 Aug, 2007 12:00am
European credit spreads widen

European credit spreads widen

European credit spreads widened on Friday, but the move was less pronounced than might have been expected as global equity markets moved sharply into the red due to fears over spreading losses linked to US subprime mortgages.
Published 11 Aug, 2007 12:00am
European credit spreads widen

European credit spreads widen

European credit spreads widened on Friday, but the move was less pronounced than might have been expected as global equity markets moved sharply into the red due to fears over spreading losses linked to US subprime mortgages.
Published 11 Aug, 2007 12:00am
China main stock index ends off lows

China main stock index ends off lows

Most Chinese stocks fell on Friday but strength in some large-cap shares helped the main index end well off its lows, as the market largely continued to ignore the US subprime mortgage crisis. A nearly 3 percent tumble of Hong Kong's market prompted some
Published 11 Aug, 2007 12:00am
Friday's mid-afternoon trade: indices down on credit worries

Friday's mid-afternoon trade: indices down on credit worries

US stocks fell in a jittery session on Friday on heightened concerns about the extent of losses from the subprime mortgage sector. In an effort to calm the market, the US Federal Reserve executed a third liquidity injection into the country's banking syst
Published 11 Aug, 2007 12:00am
FTSE tumbles 3.7 percent

FTSE tumbles 3.7 percent

Britain's top share index tumbled nearly 4 percent on Friday, its biggest fall in more than four years, as a lending squeeze that forced central banks to inject cash into the banking system spooked investors. The FTSE 100 index closed down 3.7 percent at
Published 11 Aug, 2007 12:00am
China Bright Food forms investment fund

China Bright Food forms investment fund

Bright Food (Group) Co, a major Chinese food company and a unit of CITIC Group, China's biggest financial conglomerate, has formed a 2 billion yuan (US $264 million) private equity fund to invest in China's food industry.
Published 11 Aug, 2007 12:00am
London soft commodities fall on liquidity fears

London soft commodities fall on liquidity fears

London coffee, cocoa and white sugar futures fell on Friday, as escalating problems in the high-risk US subprime mortgage sector squeezed global liquidity. Robusta coffee dealers said coffee was feeling the pinch from the wider financial markets meltdown.
Published 11 Aug, 2007 12:00am
Oil erases most early losses on central bank moves

Oil erases most early losses on central bank moves

Oil edged lower on Friday as the crisis in world credit markets weighed on investor sentiment, but a late rally after central banks plowed more cash into the financial system erased most of the day's losses. US crude settled down 12 cents at $71.47 after
Published 11 Aug, 2007 12:00am
GASC seeks wheat for September 16-30 shipment

GASC seeks wheat for September 16-30 shipment

The Egyptian state's main wheat buying agency said on Friday it wanted to buy 55,000 to 60,000 tonnes of US, French, Australian, Canadian, German, Argentine and/or Kazakhstan wheat for shipment September 16-30.
Published 11 Aug, 2007 12:00am
New York cotton settles at seven-week low

New York cotton settles at seven-week low

Cotton prices ended Friday at a seven-week low due to speculative fund sales sparked by the credit crisis and worries over demand in a key government production report, and both factors are seen depressing the market into next week, brokers said.
Published 11 Aug, 2007 12:00am
China soya and meal market bullish

China soya and meal market bullish

Chinese grain traders expect the soyameal market to stay bullish for a second week in a row next week while soyaoil turned bearish after five weeks of strong performance, a survey by an official grain think-tank showed.
Published 11 Aug, 2007 12:00am
Metals trim losses

Metals trim losses

Industrial metals trimmed earlier losses on Friday, tracking US equities, which retreated from the morning's plunge after the US Federal Reserve injected money into the banking system, analysts said. US stocks pared earlier losses and turned positive afte
Published 11 Aug, 2007 12:00am
Gold jumps in London

Gold jumps in London

Gold bounced more than 2 percent on Friday as US equities recovered after the Federal Reserve injected cash into the banking system to calm markets, analysts said. Gold rose as high as $676.50 an ounce after earlier falling to $658.10, the lowest since Ju
Published 11 Aug, 2007 12:00am
US MIDDAY: corn rises

US MIDDAY: corn rises

Corn futures at the Chicago Board of Trade higher on Friday in a volatile session amid mounting concerns over losses in the mortgage sector. Traders said early fund selling, linked in part to a second day of declines in the US stock market and weakness in
Published 11 Aug, 2007 12:00am
US MIDDAY: soyabeans whipsaw higher

US MIDDAY: soyabeans whipsaw higher

Chicago Board of Trade soyabean futures whipsawed higher mid-morning Friday, traders said, following wheat and corn up after CBOT commodities were pressured early on spillover weakness from equity markets.
Published 11 Aug, 2007 12:00am
US MIDDAY: copper slip

US MIDDAY: copper slip

The price of copper slipped to an 8-1/2-week low below $3.30 a lb in early New York futures trade on Friday, as global liquidity issues continued to prompt investors to cut exposure in riskier commodity markets, traders and analysts said.
Published 11 Aug, 2007 12:00am
US MIDDAY: gold rebounds

US MIDDAY: gold rebounds

US gold futures rebounded 1 percent early on Friday on safe-haven buying and as the Federal Reserve provided liquidity to keep financial markets operating smoothly after Thursday's tumultuous sell-off.
Published 11 Aug, 2007 12:00am
Senior citizens: old homes and hostels to be set up in Islamabad

Senior citizens: old homes and hostels to be set up in Islamabad

The government will set up old homes and hostels at a cost of over 56 million rupees in the Federal Capital to facilitate senior citizens. These homes and hostels would be established by Staff Welfare Organisation (SWO), while separate hostels would also
Published 11 Aug, 2007 12:00am
Tasnim appointed envoy to Italy

Tasnim appointed envoy to Italy

The government has appointed Tasnim Aslam as Pakistan's new ambassador to Italy. Aslam presently serving as spokesperson of the Ministry of Foreign Affairs, she holds two Masters degrees in Business Education and International Relations.
Published 11 Aug, 2007 12:00am
Indian mills likely to sell 200,000 tonnes sugar

Indian mills likely to sell 200,000 tonnes sugar

Indian mills are likely to sell around 200,000 tonnes of sugar to Pakistan in the next few months after striking deals in August to export about 12,000 tonnes, trade officials said on Friday.
Published 11 Aug, 2007 12:00am
Role of Army

Role of Army

Everybody is criticising General Musharraf for the judicial mess-up. Even after admitting this mistake, I want to acknowledge Musharraf and Pak Army for their great sacrifices and services to the country.
Published 11 Aug, 2007 12:00am
II

II

It is absolutely necessary that the matter of bloodshed at Jamia Hafsa is brought to Supreme Court and all aspects of this tragic happening are fully examined.
Published 11 Aug, 2007 12:00am
Let our freedom be freed

Let our freedom be freed

Exercising my sole right of 'freedom of expression' through your highly esteemed newspaper I want to condemn the Lal Masjid Operation. Justifying its act, the government said, the way Lal Masjid's administration had adopted to impose Islamic system was ab
Published 11 Aug, 2007 12:00am
Indian business on global buying spree

Indian business on global buying spree

When Tata Steel bought an Anglo-Dutch competitor this year for $12 billion, the newspaper headline "Empire Strikes Back" symbolised how far India's economy had come in the 60 years since independence.
Published 11 Aug, 2007 12:00am
Sri Lankans exit stock market because of high rates, war

Sri Lankans exit stock market because of high rates, war

They helped push Sri Lanka's stock market to life highs earlier this year, but small investors like retired bank worker K. Jayaratne are now selling their holdings because of high interest rates and renewed civil war.
Published 11 Aug, 2007 12:00am
Investing in most basic human needs

Investing in most basic human needs

Everyday, everyone needs water, be they rich or poor. Not having access to safe drinking water and environmental sanitation is a courteous expression for a form of deprivation that threatens life, destroys opportunity and undermines human dignity.
Published 11 Aug, 2007 12:00am
Pak-Afghan peace Jirga

Pak-Afghan peace Jirga

No one had expected that peace doves will start fluttering over the Taliban-infested Pak-Afghan border as soon tribal leaders from Pakistan and Afghanistan would meet in Kabul in pursuance of Bush-Musharraf-Karzai agreement clinched at the White House las
Published 11 Aug, 2007 12:00am
Power crisis

Power crisis

If power consumers, both in the domestic and commercial sectors, are exasperated over frequent electricity outages, they had better prepare for a worse summer next year. That message emanated, loud and clear, from Wednesday's meeting of the Private Power
Published 11 Aug, 2007 12:00am
Demonstrations held against Tancrenado's statement

Demonstrations held against Tancrenado's statement

Demonstrations were held on Friday in different town of southern Punjab to protest against the presidential candidate Tom Tancrenado's views about bombing on the holy places of Muslims, Mecca and Madina and they demanded breaking ties with USA.
Published 11 Aug, 2007 12:00am
Security tightened

Security tightened

Unprecedented security measures have been implemented in places vulnerable to suicide attacks and terrorist activities in Multan, Bahawalpur and Dera Ghazi Khan. Security has been tightened around the projects where foreigners are serving particularly Chi
Published 11 Aug, 2007 12:00am
Surgical tools industry rejects new monetary policy

Surgical tools industry rejects new monetary policy

Aamir Riaz Bhinder, Chairman Surgical Instrument Manufacturers Association of Pakistan (Simap) has said that surgical industry outrightly rejects new monetary policy and demanded that government should force the economic managers and governor State Bank t
Published 11 Aug, 2007 12:00am
Uplift linked with advancement in IT

Uplift linked with advancement in IT

Federal Minister for Information Technology Awais Ahmed Khan Leghari has said that Pakistan wants to get benefit from the advanced expertise of international giants, including India in the field of information technology.
Published 11 Aug, 2007 12:00am
PAL holds Tanz-o-Mazah conference-2007

PAL holds Tanz-o-Mazah conference-2007

Chancellor Sir Syed University of Engineering and Technology, Z.A Mizami has said that if the new generation is inculcated with wit, humour and recreational literature, it would help promote healthy literary trends. He was speaking while presiding over th
Published 11 Aug, 2007 12:00am
Rs 10.94 billion approved for FATA development schemes

Rs 10.94 billion approved for FATA development schemes

The NWFP government is taking special measures to accelerate the pace of developmental projects in the far-flung tribal areas and Rs 10943.453 million have been approved for the sector of regional development.
Published 11 Aug, 2007 12:00am
Outstanding dues: Hesco officials urged to gear up pace of recovery

Outstanding dues: Hesco officials urged to gear up pace of recovery

Federal minister of water and power Laiquat Ali Jatoi met the officials of Hyderabad Electric Supply Corporation (Hesco) on Friday. During the meeting he urged the officials to gear up the pace of recovery of outstanding dues from the defaulters and initi
Published 11 Aug, 2007 12:00am
Power shut down notice

Power shut down notice

Due to necessary repair and maintenance work power supply from 132 KV Peshawar Industrial Grid Station will be closed on August 13 from 8am. to 11am resultantly the consumers of civil quarters, Bana Mari, Wazir Bagh, Kohat Road, Gulberg feeders will face
Published 11 Aug, 2007 12:00am
Finance Ministry's offices to be relocated: Omar

Finance Ministry's offices to be relocated: Omar

Minister of State for Finance Omar Ayub on Friday informed the National Assembly that the offices of the Finance Ministry are being relocated to streamline its working. Speaking on a Calling Attention Notice, he said at present the ministry is located in
Published 11 Aug, 2007 12:00am
Pemra awards satellite licence to Jaag TV

Pemra awards satellite licence to Jaag TV

Pakistan Electronic Media Regulatory Authority (PEMRA) has awarded satellite license to Jaag TV, another addition to CNBC Pakistan group. PEMRA Chairman, Iftikhar Rashid while addressing the license awarding ceremony felicitated the representative
Published 11 Aug, 2007 12:00am
Green rickshaw scheme initiated

Green rickshaw scheme initiated

Provincial Industries Minister Muhammad Ajmal Cheema has said that "Green Rickshaw" scheme has been initiated in Sialkot. Addressing the members of Sialkot Chamber of Commerce and Industry (SCCI) and other trade bodies here on Thursday, he added under the
Published 11 Aug, 2007 12:00am
Punjab Auqaf spends Rs 28 million

Punjab Auqaf spends Rs 28 million

The Punjab Auqaf Department is annually spending Rs 28 million to run various health facilities, including Data Darbar Hospital complex and fifteen dispensaries in the province.
Published 11 Aug, 2007 12:00am
LNG terminal at Port Qasim to be completed in November 2008

LNG terminal at Port Qasim to be completed in November 2008

The liquefied natural gas (LNG) import terminal, being set up by the Associated Group and Pakistan Gasport Limited at the Port Muhammad Bin Qasim on 'Built, Operate and Transfer' (BOT) basis, will be completed in November 2008 when the LPG production and
Published 11 Aug, 2007 12:00am
Dr Qadeer leads SJC polls

Dr Qadeer leads SJC polls

General Musharraf obtained only 27 votes and Dr Qadeer secured 15,917 votes out of 15,944 in a referendum held by the Save Judiciary Committee here on Friday. Bar members also participated in the referendum held at the Nila Ghumbad. The committee will hol
Published 11 Aug, 2007 12:00am
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