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Nov 24, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2007-09-18
Hong Kong stocks finish three-session record streak

Hong Kong stocks finish three-session record streak

Hong Kong blue chips snapped a three-session record streak to drop 1.2 percent on Monday, a day before the US central bank's rate decision meeting, as investors sold off recently outperforming property stocks following a government land auction.
Published 18 Sep, 2007 12:00am
Markets closed

Markets closed

Tokyo financial markets were closed on Monday for a public holiday. Trading resumes on Tuesday.
Published 18 Sep, 2007 12:00am
Slovakia rejects all bids in 19-year bond auction

Slovakia rejects all bids in 19-year bond auction

The Slovak Finance Ministry rejected all bids in an auction of 19-year, 4.5 percent state bonds on Monday, the Debt and Liquidity Management Agency said. The debt agency, which handles sales of state securities for the ministry, said total demand was 2.11
Published 18 Sep, 2007 12:00am
Slovakia rejects all bids in 19-year bond auction

Slovakia rejects all bids in 19-year bond auction

The Slovak Finance Ministry rejected all bids in an auction of 19-year, 4.5 percent state bonds on Monday, the Debt and Liquidity Management Agency said. The debt agency, which handles sales of state securities for the ministry, said total demand was 2.11
Published 18 Sep, 2007 12:00am
Jakarta shares plunge

Jakarta shares plunge

Indonesian share prices closed a volatile on Monday session 0.1 percent lower as some players cut positions on the eve of the keenly awaited US Federal Reserve monetary policy meeting, dealers said. They said falls came amid a broader regional sell-off af
Published 18 Sep, 2007 12:00am
Chinese stocks up 2.1 percent to record

Chinese stocks up 2.1 percent to record

China's main stock index surged over 2 percent to a fresh all-time high on Monday, led by heavily weighted financial and steel shares, despite an interest rate hike announced by the central bank after the close on Friday.
Published 18 Sep, 2007 12:00am
Indian shares sag

Indian shares sag

Indian share prices fell 0.64 percent on Monday in volatile trade ahead on the eve of a US Federal Reserve meeting to review interest rates, dealers said. They said the market slipped in the early afternoon trade as bourses in Europe opened lower amid a r
Published 18 Sep, 2007 12:00am
Taiwan stocks decline

Taiwan stocks decline

Taiwan stocks fell 1.5 percent on Monday to their lowest close in two weeks, as investors cashed in on recent share gains of major technology exporters such as Hon Hai ahead of the meeting of the US Federal Reserve. The main TAIEX share index ended down 1
Published 18 Sep, 2007 12:00am
Singapore shares weaken

Singapore shares weaken

Singapore share prices closed 1.7 percent lower on Monday as traders locked in profits ahead of a key United States Federal Reserve meeting on interest rates, dealers said. They said regional sentiment was also punished amid a run on British mortgage lend
Published 18 Sep, 2007 12:00am
New Zealand shares rally

New Zealand shares rally

New Zealand share prices rose 0.15 percent on Monday as investors chose to stick to the sidelines amid uncertainty on the future direction of the market and a US interest rate decision, dealers said. The benchmark NZX-50 index rose 6.05 points to close at
Published 18 Sep, 2007 12:00am
Australian shares drop

Australian shares drop

Australian share prices dropped 0.6 percent on Monday as investors opted to sit on the sidelines ahead of the United States Federal Reserve's decision on interest rates, dealers said. The benchmark S&P/ASX 200 lost 35.4 points to close at 6,271.4 while th
Published 18 Sep, 2007 12:00am
Seoul shares steady

Seoul shares steady

Seoul shares ended steady on Monday as retailers and other stocks sensitive to domestic demand such as Kookmin gained on data showing a surge in retail sales, reinforcing confidence about robust economic growth at home.
Published 18 Sep, 2007 12:00am
Bangladesh interbank forex, interest rates

Bangladesh interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Monday. 68.70/68.71 (previous 68.70/68.71). Call Money Rates: 6.50-10.00 percent (previous 6.50-10.00 percent.
Published 18 Sep, 2007 12:00am
Taiwan dollar hits one-month low

Taiwan dollar hits one-month low

The Taiwan dollar fell to a one-month low on Monday as importers bought US dollars and foreign funds sold the island's shares, with investors turning their focus toward a possible US rate cut on Tuesday. The Taiwan dollar ended weaker at T$33.110 to the U
Published 18 Sep, 2007 12:00am
Australian dollar reaches five-week high

Australian dollar reaches five-week high

The Australian dollar rose broadly on Monday, reaching a five-week against its US cousin on speculation US interest rates would soon start to fall while the momentum for domestic rates remained to the upside. The Aussie hopped up to 84.48 US cents from 84
Published 18 Sep, 2007 12:00am
South Korean won hits five-week high

South Korean won hits five-week high

The South Korean won advanced to a five-week high against the dollar on Monday, as exporters unloaded dollars on growing expectations for an interest rate cut by the Federal Reserve this week.
Published 18 Sep, 2007 12:00am
Dollar vulnerable as bears count on US rate cuts

Dollar vulnerable as bears count on US rate cuts

The dollar languished uncomfortably close to record lows versus the euro on Monday as investors counted on an imminent cut in US interest rates, with more to come in the months ahead. Trading was thin with Tokyo on holiday but there was enough demand to k
Published 18 Sep, 2007 12:00am
Swiss franc firms despite SNB warning

Swiss franc firms despite SNB warning

The Swiss franc firmed against the euro and the dollar on Monday despite a warning from Swiss National Bank board member Thomas Jordan over the weekend that the credit crisis posed risks for the Swiss economy. The outlook for the Swiss economy was good bu
Published 18 Sep, 2007 12:00am
Asian currencies sidelined by doubts about Fed cuts

Asian currencies sidelined by doubts about Fed cuts

The Philippine peso gave back its early gains while other Asian currencies barely moved on Monday in trading thinned by a Japanese holiday and nervousness over the extent of a US interest rate cut. Most analysts and traders expect the Federal Reserve to c
Published 18 Sep, 2007 12:00am
Yuan dips versus dollar

Yuan dips versus dollar

The yuan slipped against the dollar on Monday, the first trading day after an interest rate hike by the Chinese central bank, but it has a good chance of hitting new post-revaluation highs in coming days, traders said.
Published 18 Sep, 2007 12:00am
Chappell returns to India as adviser to local academy

Chappell returns to India as adviser to local academy

Australian batting great and former India coach Greg Chappell will return to the country next month in a new role as adviser to a local cricket academy. Chappell, along with the Indian team's former bio-mechanist Ian Frazer, have been signed up by the Raj
Published 18 Sep, 2007 12:00am
MacGill fined over Pakistan outburst

MacGill fined over Pakistan outburst

Australian bowler Stuart MacGill was Monday fined for an outburst during a recent match in Pakistan. Cricket Australia said MacGill, a leg-spinner who has long lived in the shadow of retired Test great and fellow leg-spinner Shane Warne, breached its code
Published 18 Sep, 2007 12:00am
India to name new captain today

India to name new captain today

Veteran Sachin Tendulkar and young Mahendra Singh Dhoni have emerged as front-runners to lead India in an upcoming home one-day series against Australia, media reported on Monday. The selectors will meet in Mumbai on Tuesday to name a replacement for Rahu
Published 18 Sep, 2007 12:00am
Rain stops play, deprives Hingis a chance in Beijing

Rain stops play, deprives Hingis a chance in Beijing

Rain wiped out nearly all of the programme on the first day of the China Open on Monday, depriving former world number one Martina Hingis of her first chance of taking centre stage in the Chinese capital.
Published 18 Sep, 2007 12:00am
Injured Sania pulls out of Kolkata Open

Injured Sania pulls out of Kolkata Open

India's Sania Mirza has pulled out of the Kolkata Open with a wrist injury, organisers said on Monday. Mirza, 20, who reached the final last year, has not played since the US Open because of the injury. Home fans had hoped the world number 27 would add to
Published 18 Sep, 2007 12:00am
Spanish look to restore European pride

Spanish look to restore European pride

Spanish giants Real Madrid and Barcelona will be among four La Liga hopefuls counting on their big-money summer transfers to put them back at the heart of Europe after last season's Champions League flop. Real Madrid, Barcelona, Valencia and Sevilla line
Published 18 Sep, 2007 12:00am
Online punters back Australia to win Twenty20 crown

Online punters back Australia to win Twenty20 crown

Ricky "Punter" Ponting's Australians are strong favourites in the online gambling world to win the ongoing Twenty20 World Championships in South Africa. Australia bounced back after suffering a shock defeat against Zimbabwe to thrash England and Banglades
Published 18 Sep, 2007 12:00am
Fears mount over more Africa rain and floods

Fears mount over more Africa rain and floods

Fears mounted on Monday that downpours which have killed dozens in Africa, uprooted hundreds of thousands and devastated crops could continue past the end of the rainy season and hit areas that have so far escaped floods.
Published 18 Sep, 2007 12:00am
Christian family embraces organic farming in US

Christian family embraces organic farming in US

The Hale family has embraced organic farming because it is healthy, good for the environment and less cruel to animals. But do not mistake them for nature-worshiping New Agers or back-to-basics hippies. They are part of a small movement of conservative Ch
Published 18 Sep, 2007 12:00am
Sarkozy seeks new urban plan for greater Paris

Sarkozy seeks new urban plan for greater Paris

French President Nicolas Sarkozy, not normally seen as a patron of the arts, called on Monday for new ideas to develop Paris over the coming decades and pledged to encourage "bold" thinking by architects.
Published 18 Sep, 2007 12:00am
Simpson held without bail in Las Vegas robbery

Simpson held without bail in Las Vegas robbery

Former football star O.J. Simpson, who was acquitted in 1995 of murdering his ex-wife, was arrested and held without bail on Sunday in connection with a suspected armed robbery in a Las Vegas hotel room last week.
Published 18 Sep, 2007 12:00am
Violence increasing in Darfur camps: UN

Violence increasing in Darfur camps: UN

Violence is increasing in camps for displaced people in Darfur, where nearly a quarter million people have been displaced so far this year, a UN report said on Monday. The United Nations said rising violence in the overcrowded camps of the remote region o
Published 18 Sep, 2007 12:00am
Emergency talks as Nepal on brink of political chaos

Emergency talks as Nepal on brink of political chaos

Nepal's political leaders held emergency talks on Monday with former rebel Maoists to try to persuade the ultra-leftists not to storm out of the government and launch nation-wide protests.
Published 18 Sep, 2007 12:00am
Suicide bomber kills eight in Afghanistan

Suicide bomber kills eight in Afghanistan

A suicide bomber blew himself up inside a local government compound in southern Afghanistan on Monday, killing four policemen and four civilians and wounding seven, the district chief said.
Published 18 Sep, 2007 12:00am
Bush picks retired judge as new attorney general

Bush picks retired judge as new attorney general

US President George W. Bush on Monday nominated as his new attorney general retired judge Michael Mukasey, who would inherit a US Justice Department beset by a series of scandals and low morale.
Published 18 Sep, 2007 12:00am
Buddhist monks march in Myanmar

Buddhist monks march in Myanmar

Hundreds of Buddhist monks marched peacefully Monday in military-ruled Myanmar, sources there said, amid reports that some Buddhist groups may toughen their stance against the junta. A resident in Yangon said that about 500 monks in Kyaukpadaung town in c
Published 18 Sep, 2007 12:00am
Koroma wins tense Sierra Leone poll

Koroma wins tense Sierra Leone poll

Opposition leader Ernest Bai Koroma won Sierra Leone's presidential election after a run-off vote marked by tensions and some ballot fraud in the war-scarred West African state, electoral officials said on Monday.
Published 18 Sep, 2007 12:00am
Fukuda runaway leader in premiership race

Fukuda runaway leader in premiership race

Yasuo Fukuda emerged as runaway leader to become Japan's next prime minister on Monday after a survey of ruling party lawmakers who must choose next weekend between the 71-year-old veteran and his hawkish rival Taro Aso.
Published 18 Sep, 2007 12:00am
Iran warns Western nations against confrontation

Iran warns Western nations against confrontation

Iran warned Western states on Monday against choosing confrontation over cordial relations, a day after the French foreign minister raised the fear of war over Tehran's nuclear programme.
Published 18 Sep, 2007 12:00am
China says North Korea nuclear talks delayed: officials

China says North Korea nuclear talks delayed: officials

China on Monday informed South Korea that six-party talks aimed at ending North Korea's nuclear programmes, due to resume this week, have been postponed, officials said. "The Chinese side has notified that the six-party talks will not open on September 19
Published 18 Sep, 2007 12:00am
Rice faces uphill battle on new Middle East push

Rice faces uphill battle on new Middle East push

US Secretary of State Condoleezza Rice will try this week to cajole Israelis and Palestinians to take bold steps ahead of a US peace conference this year but experts predict an uphill battle.
Published 18 Sep, 2007 12:00am
Sterling index sinks

Sterling index sinks

The sterling trade-weighted index sank to its lowest in about a year on Monday, as troubles at one of the UK's largest mortgage lenders backed the view that UK interest rates have peaked and may even need to be cut.
Published 18 Sep, 2007 12:00am
Sterling dips, yen rises in London

Sterling dips, yen rises in London

Sterling fell to its lowest level in a year on a trade-weighted basis and the yen strengthened on Monday as problems at Britain's Northern Rock bank heightened risk aversion and led investors to pare back carry trades.
Published 18 Sep, 2007 12:00am
Indian rupee weakens

Indian rupee weakens

The Indian rupee ended weaker on Monday, unwinding early gains on a fall in the stock market and as traders squared open positions ahead of an expected cut in US interest rates.
Published 18 Sep, 2007 12:00am
Bonds: Northern Rock CDS widens

Bonds: Northern Rock CDS widens

European credit markets held relatively firm on Monday, against tumbling shares hit by fears in the British financial sector, ahead of a US interest rate decision and earnings releases from US major financial houses.
Published 18 Sep, 2007 12:00am
Bonds: Northern Rock CDS widens

Bonds: Northern Rock CDS widens

European credit markets held relatively firm on Monday, against tumbling shares hit by fears in the British financial sector, ahead of a US interest rate decision and earnings releases from US major financial houses.
Published 18 Sep, 2007 12:00am
Malaysian shares down

Malaysian shares down

Malaysian share prices closed 0.9 percent lower Monday as investors opted to take profits ahead of the US Federal Reserve's interest rate policy meeting on Tuesday, dealers said. They said late falls were also in line with a regional sell-off prompted aft
Published 18 Sep, 2007 12:00am
UK's top share index down

UK's top share index down

The FTSE 100 index of Britain's biggest shares ended down 1.7 percent on Monday, as embattled lender Northern Rock pulled financials deep into the red for a third session in a row. Northern Rock lost 35.5 percent and its peer Alliance & Leicester slid 31.
Published 18 Sep, 2007 12:00am
New York cotton extends rally on funds

New York cotton extends rally on funds

Cotton futures surged on speculative fund buying to finish higher on Monday as worries over a cut in cotton acres in 2008 due to steep rallies in corn and wheat stoked the market's advance, brokers said. ICE Futures open-outcry December cotton contract in
Published 18 Sep, 2007 12:00am
Copper prices decline

Copper prices decline

Copper prices slipped on Monday alongside equity markets as credit worries haunted investors and the market waited for the US Federal Reserve's verdict on interest rates and economic growth.
Published 18 Sep, 2007 12:00am
Oil hits fresh record above $80

Oil hits fresh record above $80

Oil soared to a record above $80 a barrel on Monday on worries that global energy supplies could shrink to critical levels this winter heating season due to strong demand growth. Expectations the US Federal Reserve will agree to cut interest rates when it
Published 18 Sep, 2007 12:00am
London coffee sets nine-year high

London coffee sets nine-year high

London robusta coffee futures climbed to a nine-year high on Monday with the rise driven by a supply squeeze ahead of the next Vietnamese crop, dealers said.
Published 18 Sep, 2007 12:00am
Gold hits 16-month high in Europe

Gold hits 16-month high in Europe

Gold touched a 16-month high on Monday as investors heavily bought the precious metal on expectations the US Federal Reserve will cut interest rates, which may lift bullion's appeal.
Published 18 Sep, 2007 12:00am
Coronary artery disease rapidly increasing in Pakistan

Coronary artery disease rapidly increasing in Pakistan

Coronary artery disease is recognised as the number one killer world-wide and is rapidly increasing in countries like Pakistan. This was stated by Dr Fateh Ali Tipoo Sultan, Consultant Cardiologist and Senior Instructor, Department of Medicine at Aga Khan
Published 18 Sep, 2007 12:00am
Drug, CD dealers given week's deadline to wind up business

Drug, CD dealers given week's deadline to wind up business

Haleem Zai tribe of Mohmand Agency have given one week deadline to drug and Computer CD dealers in busy Mandi Gandao bazaar of the agency to wind up their business or face demolition of their shops.
Published 18 Sep, 2007 12:00am
Birthday of MQM chief celebrated

Birthday of MQM chief celebrated

The 54th birthday of the chief of Muttahida Qaumi Movement (MQM), Altaf Hussain, was celebrated on Monday. According to Sindh Minister for Environment, Dr Sagheer Ahmed, on the directive of the MQM chief fruits, flowers and gifts were distributed among th
Published 18 Sep, 2007 12:00am
Supreme Court issues notices to IT Ministry and PTA

Supreme Court issues notices to IT Ministry and PTA

A three-member bench of the Supreme Court headed by Chief Justice Iftikhar Muhammad Chaudhry here Monday on a complaint over use of activated cellular sims directed Secretary Ministry of Information and Technology and authorities of the Pakistan Telecommu
Published 18 Sep, 2007 12:00am
Malik pays tributes to martyrs

Malik pays tributes to martyrs

Jammu and Kashmir Liberation Front (JKLF) Chairman Muhammad Yasin Malik has paid glowing tributes to its leaders on their death anniversaries. Malik said the contribution of Ashfaq Majeed Wani and Aijaz Ahmed Dar to the ongoing liberation movement was an
Published 18 Sep, 2007 12:00am
Javed Omer Vohra's profit up

Javed Omer Vohra's profit up

The profit after tax of Javed Omer Vohra & Company Limited has increased to Rs 1.088 billion, translating an earning per share of Rs 32.97 in the year ended on June 30, as compared to Rs 1.070 billion PAT and Rs 32.45 EPS in the corresponding period last
Published 18 Sep, 2007 12:00am
Javed Omer Vohra's profit up

Javed Omer Vohra's profit up

The profit after tax of Javed Omer Vohra & Company Limited has increased to Rs 1.088 billion, translating an earning per share of Rs 32.97 in the year ended on June 30, as compared to Rs 1.070 billion PAT and Rs 32.45 EPS in the corresponding period last
Published 18 Sep, 2007 12:00am
Taking Pakistan forward

Taking Pakistan forward

The Nation has just celebrated the Defence of Pakistan Day to pay homage to the Shaheeds and Ghazis of the September 1965 War who fought valiantly the sneaking enemy and laid down their lives in defending the sacred soil of the Motherland.
Published 18 Sep, 2007 12:00am
Banking negligence

Banking negligence

Against my PLS Account with National Bank of Pakistan, Main Branch Karachi for the last 6-7 years every year twice I have to perform a ritual first to write to the branch informing them about non-receipt of my six monthly statement and thereafter finally
Published 18 Sep, 2007 12:00am
The computer helper: Monitoring your child's PC use

The computer helper: Monitoring your child's PC use

School is back in session in much of the world, and for kids these days, that means more computer use. Increasingly, schools expect - and in some cases require - projects and homework to be completed using a computer, and most kids are only too happy to c
Published 18 Sep, 2007 12:00am
Islamic culture a powerful theme at Berlin literary festival

Islamic culture a powerful theme at Berlin literary festival

Difficulties faced by many in the West in understanding Islamic culture proved a powerful theme at this year's 7th International Literature Festival in Berlin. Prominent writers, academics and sociologists deluged into Berlin, some of them seemingly despe
Published 18 Sep, 2007 12:00am
Time to shift focus to agriculture-exports

Time to shift focus to agriculture-exports

The dismal export performance and extraordinarily soaring imports resulting in a mammoth trade deficit during the last fiscal year, 2006-07, underscore the need to focus on non-traditional export in the years ahead.
Published 18 Sep, 2007 12:00am
Benazir Bhutto's return

Benazir Bhutto's return

Benazir Bhutto has set October 18 as the date she would return to Pakistan - three days after the closure of window of opportunity, during which, President Musharraf, if not stopped by the Supreme Court, will have been re-elected. The carefully calculated
Published 18 Sep, 2007 12:00am
Unrelenting violence

Unrelenting violence

That we were inexorably moving last week towards this bloody Thursday we never gave it a thought. On this day, at the gate of the Karachi University a minibus was waylaid and its passengers attacked with lethal weapons resulting in deaths of seven includi
Published 18 Sep, 2007 12:00am
Loss of textile export market share

Loss of textile export market share

Pakistan has lost market worth over $6 million in 2006 due to the high cost and poor quality of its textile exports to Japan, says a Recorder Report, quoting the Japanese ambassador in Pakistan, Seiji Kojima. The ambassador was addressing business
Published 18 Sep, 2007 12:00am
Zakat Council approves Rs 125 million for deserving people

Zakat Council approves Rs 125 million for deserving people

The Provincial Zakat Council has approved Rs 125 million for a special Ramazan Zakat package, "Guzara Allowance", under which Rs 500 would be given to each deserving person before Eidul Fitr out of the total 2.5 million deserving people throughout the pro
Published 18 Sep, 2007 12:00am
LABARD expands services

LABARD expands services

The Lahore Businessmen Association for Rehabilitation for Disabled (LABARD) is working hard to expand its services loop as the number of disabled persons in the country is on the rise.
Published 18 Sep, 2007 12:00am
EO arranges reception in honour of Bryan

EO arranges reception in honour of Bryan

Entrepreneurs Organisation (Pakistan chapter) has arranged a reception in honour of Bryan D. Hunt Principal Officer American Consulate in Lahore. Bryan attended a question-answer session and exchanging his views with EO. Officials threw light on Pakistan-
Published 18 Sep, 2007 12:00am
'Wheat being smuggled to India and Afghanistan'

'Wheat being smuggled to India and Afghanistan'

Low prices of wheat in the local market have led to smuggling, hoarding and illegal export of the crop to neighbouring countries which created artificial shortage all across the country, an official in the Ministry of Food, Agriculture and Livestock (Minf
Published 18 Sep, 2007 12:00am
Mirwaiz concerned over New Delhi's approach to dialogue

Mirwaiz concerned over New Delhi's approach to dialogue

In occupied Kashmir, All Parties Hurriyat Conference (APHC) Chairman Mirwaiz Umar Farooq has expressed deep concern over New Delhi's approach to the dialogue process on Kashmir dispute. Mirwaiz said that Hurriyat was neither against nor had it ever shown
Published 18 Sep, 2007 12:00am
Pildat concerned over EC's notification

Pildat concerned over EC's notification

The Pakistan Institute of Legislative Development and Transparency (Pildat) has aired its concern over newspaper reports and a statement by Federal Minister of Parliamentary Affairs Dr Sher Afgan Niazi claiming that the Election Commission has issued a no
Published 18 Sep, 2007 12:00am
Family protection center established

Family protection center established

The Ministry of Women Development has established Family Protection and Rehabilitation Centre for Women in Islamabad, costing Rs 23.262 million. Sources told Business Recorder here on Monday that Departmental Development Working Party (DDWP) had ap
Published 18 Sep, 2007 12:00am
Wapda's outgoing chief calls on Shaukat

Wapda's outgoing chief calls on Shaukat

Outgoing chairman Water and Power Development Authority (Wapda) Tariq Hameed paid a farewell call on Prime Minister Shaukat Aziz at the PM House on Monday. He said that because of rapid economic growth, demand for electricity in the country was increasing
Published 18 Sep, 2007 12:00am
Free elections only solution to present crisis: speakers

Free elections only solution to present crisis: speakers

The speakers foresee no easy way out to the current situation amid deepening crisis in the country except holding of free and fair elections by ensuring level-playing field to all political parties in the coming elections.
Published 18 Sep, 2007 12:00am
LHCBA condemns lawyer murder in Karachi

LHCBA condemns lawyer murder in Karachi

The Lahore High Court Bar Association (LHCBA) has grieved the death of Attiq Ahmed Qadri after being badly injured. Bar President Ehsan, Secretary Sarfraz Cheema and other office bearers held the government responsible killing of lawyers in Sindh.
Published 18 Sep, 2007 12:00am
EC notification challenged in LHC

EC notification challenged in LHC

Supreme Court Bar Association (SCBA) Member Mohammad Azhar Siddique has taken up a case in the Lahore High Court against the Election Commission for issuing a notification saying President Pervez Musharraf could take part in the elections while holding th
Published 18 Sep, 2007 12:00am
Punjab University

Punjab University

The Punjab University has announced the results of the post-graduate diploma (PGD) in the textile processing technology (semester system) session 2003-2004 examination. Four candidates passed the exams.
Published 18 Sep, 2007 12:00am
Farewell to Arshad Mahinood

Farewell to Arshad Mahinood

"A vice chancellor can only be successful in a university, if he himself acts as an institution and uses the optimal potential of his team members in a right direction. I myself worked with a commitment and a vision to take Punjab University to new height
Published 18 Sep, 2007 12:00am
Pakistan and Hong Kong to start double taxation avoidance talks

Pakistan and Hong Kong to start double taxation avoidance talks

Pakistan and Hong Kong would start negotiations on the draft of the convention for avoidance of double taxation to promote trade and business activities between the two countries. Sources told Business Recorder on Monday that a two-member delegatio
Published 18 Sep, 2007 12:00am
CCLCs Hazara to facilitate litigants in access to justice

CCLCs Hazara to facilitate litigants in access to justice

The Citizens-Court Liaison Committees (CCLCs) of Hazara Region have unanimously decided to provide more facilities and guidance to the general as well as litigant public in the courts, and create awareness among them so as to make access to the judiciary
Published 18 Sep, 2007 12:00am
AJK Accountability Bureau probes 873 corruption cases

AJK Accountability Bureau probes 873 corruption cases

Azad Jammu Kashmir Accountability Bureau held inquiries into 873 cases of corruption, malpractice and irregularities besides holding investigation into 341 similar cases in response to a total of 6734 complaints about corruption, nepotism and violation of
Published 18 Sep, 2007 12:00am
'PSO must provide level-playing field to all contractors'

'PSO must provide level-playing field to all contractors'

National Assembly Standing Committee on Petroleum Dr Noor Jahan Panezai ruled on Monday that Pakistan State Oil must provide level-playing field to all contractors registered for maintenance work.
Published 18 Sep, 2007 12:00am
Government fails to finalise transport policy

Government fails to finalise transport policy

The government has failed to finalise what would be the first national transport policy within the stipulated time, and would take one more year to complete the task, it is learnt.
Published 18 Sep, 2007 12:00am
Duty on sugar (pharmaceutical grade) import cut to 10 percent

Duty on sugar (pharmaceutical grade) import cut to 10 percent

The Federal Board of Revenue (FBR) has reduced customs duty on the import of sugar (pharmaceutical grade) from 25 to 10 percent. The board has amended SRO.567(I)/2006 of June 5, 2006 through a notification issued on Monday.
Published 18 Sep, 2007 12:00am
Duty on sugar (pharmaceutical grade) import cut to 10 percent

Duty on sugar (pharmaceutical grade) import cut to 10 percent

The Federal Board of Revenue (FBR) has reduced customs duty on the import of sugar (pharmaceutical grade) from 25 to 10 percent. The board has amended SRO.567(I)/2006 of June 5, 2006 through a notification issued on Monday.
Published 18 Sep, 2007 12:00am
Wheat price falls to Rs 1,450/100-kg

Wheat price falls to Rs 1,450/100-kg

The prices of flour and wheat have come down in the domestic market with the decision of provincial governments to release wheat to the flour millers. Wheat price has decreased from Rs 1,560 to Rs 1,450 per 100-kg, while the flour price has reduced from R
Published 18 Sep, 2007 12:00am
Arbab brother's death condoled

Arbab brother's death condoled

NA Speaker Chaudhry Amir Hussain and the Deputy Speaker in a message sent to the Chief Minister on Monday condoled the death of Arbab Amir Hussain, former MNA and elder brother of Sindh Chief Minister Arbab Ghulam Rahim.
Published 18 Sep, 2007 12:00am
Exams postponed

Exams postponed

Karachi University has announced that all examinations scheduled to be held on September 17 and September 18 had been postponed. A release issued here said that new dates for the postponed papers would be announced later. The date for submitting examinati
Published 18 Sep, 2007 12:00am
The Weather

The Weather

The weather report on Monday (September 17, 2007) and the forecast for Tuesday (September 18, 2007).
Published 18 Sep, 2007 12:00am
SSUET admission schedule

SSUET admission schedule

Sir Syed University of Engineering and Technology (SSUET) has announced admission schedule for academic year 2007-8. A SSUET announcement said on Monday that admission forms with prospectus could be obtained from Bank Islamic Pakistan upto October 20. The
Published 18 Sep, 2007 12:00am
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