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Nov 13, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2007-10-12
Dow, S&P fall on Boeing delay

Dow, S&P fall on Boeing delay

The Dow and S&P 500 fell on Wednesday after Boeing Co said it expects a delay in deliveries of its Dreamliner jet and early corporate results prompted concern about the outlook for profits. The Nasdaq was up slightly, with Costco Wholesale Corp shares hit
Published 12 Oct, 2007 12:00am
US bond prices finish little changed

US bond prices finish little changed

US government bond prices were little changed on Wednesday as doubts over the outlook for future Federal Reserve interest rate cuts offset an earlier boost in Treasuries provided by sliding stocks. Disappointing earnings and lowered outlooks from companie
Published 12 Oct, 2007 12:00am
US bond prices finish little changed

US bond prices finish little changed

US government bond prices were little changed on Wednesday as doubts over the outlook for future Federal Reserve interest rate cuts offset an earlier boost in Treasuries provided by sliding stocks. Disappointing earnings and lowered outlooks from companie
Published 12 Oct, 2007 12:00am
Indian shares jump

Indian shares jump

Indian share prices rose 0.84 percent in choppy trade on Thursday hitting a new record close, despite unsurprising second quarter earnings growth from Indian software exporter Infosys, dealers said. They said buying in capital goods, metals and property s
Published 12 Oct, 2007 12:00am
Jakarta shares soar

Jakarta shares soar

Jakarta share prices closed 1.8 percent higher on Thursday, with the main index extending its rally for a sixth straight day and finishing at a record high, dealers said. The Jakarta Stock Exchange composite index closed up 46.73 points at 2,638.21, surpa
Published 12 Oct, 2007 12:00am
Tokyo stocks finish at 2 1/2-month high

Tokyo stocks finish at 2 1/2-month high

The Nikkei had its highest close in nearly two and a half months on Thursday as ratings agency Moody's upgraded Japan's sovereign debt, lifting the mood for stocks in general, while shipping firms such as Mitsui OSK Lines Ltd jumped on rising freight rate
Published 12 Oct, 2007 12:00am
Malaysian shares up

Malaysian shares up

Malaysian share prices closed 0.5 percent higher on Thursday due to late buying of blue chips ahead of the Muslim festival of Eid, dealers said. They said extended gains in plantation and mining stocks kept the key index in positive territory. Muslims mak
Published 12 Oct, 2007 12:00am
Singapore shares at another record high

Singapore shares at another record high

Singapore share prices closed 1.6 percent higher on Thursday with the benchmark returning to record highs on blue chip buying amid strong economic growth, dealers said. The Straits Times Index closed up 61.32 points at 3,875.77, beating the previous all-t
Published 12 Oct, 2007 12:00am
Australian dollar revives

Australian dollar revives

The Australian dollar inched up to near 90 US cents after moving in a tight range on Thursday, drawing support from a fall in the jobless rate that increased the odds for an interest rate hike in the near term.
Published 12 Oct, 2007 12:00am
Yuan closes up

Yuan closes up

The yuan closed slightly higher against the dollar in the spot market on Thursday while the non-deliverable forwards market cooled in late trade after having shown rising expectations for long-term yuan appreciation.
Published 12 Oct, 2007 12:00am
Dollar dips versus euro

Dollar dips versus euro

The dollar dipped against the euro on Thursday, pulling further away from two-week peaks hit this week, with lingering expectations that the Federal Reserve may cut interest rates again this year hanging over the currency.
Published 12 Oct, 2007 12:00am
Dollar falls on expectations

Dollar falls on expectations

The dollar fell on Wednesday on speculation that the Federal Reserve may cut interest rates again this year to prevent a weak housing sector from damaging the broader economy.
Published 12 Oct, 2007 12:00am
Bangladesh interbank forex, interest rates

Bangladesh interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Thursday. 68.70/68.71 (previous 68.70/68.71). Call Money Rates: 6.50-12.00 percent (previous 6.50-12.00 percent.
Published 12 Oct, 2007 12:00am
Asian currencies pause

Asian currencies pause

Asian currencies were range-bound on Thursday after strong gains in recent sessions, with investors trying to guess the direction of the dollar ahead of a meeting of Group of Seven finance chiefs next week.
Published 12 Oct, 2007 12:00am
Swiss franc hits nine-year low

Swiss franc hits nine-year low

The Swiss franc fell to a new 9-year low against the euro on Thursday as investor appetite for riskier carry trades returned. "Markets are euphoric again," said Sandro Baechli, analyst at Clariden Leu. "Risk appetite is higher and carry trades are on the
Published 12 Oct, 2007 12:00am
Venus cruises in Bangkok

Venus cruises in Bangkok

Reigning Wimbledon champion Venus Williams shrugged off a rain delay to advance to the second round of the Bangkok Open on Thursday with an easy 6-2, 6-2 win over Danish teenager Caroline Wozniacki.
Published 12 Oct, 2007 12:00am
Nieminen nails Australian to advance in Stockholm

Nieminen nails Australian to advance in Stockholm

Flying Finn Jarkko Nieminen did his part to set up a potential repeat showdown with Stockholm Open holder James Blake after thrashing Australian Peter Luczak 6-0, 6-4 on Thursday in the second round. It remained for top seeded American to join the sixth s
Published 12 Oct, 2007 12:00am
Asif asked for a week rest

Asif asked for a week rest

Pakistan bowler Mohammad Asif is a doubt for next week's one-day matches against South Africa, an official said Thursday. "Asif had pain in his elbow and the scans show he has inflammation in his elbow and the doctor has advised a week's rest," team manag
Published 12 Oct, 2007 12:00am
Australia post convincing victory

Australia post convincing victory

Mitchell Johnson destroyed India with a maiden five-wicket haul as Australia raced to a nine-wicket win in the fifth one-day international here on Thursday. Australia now have a 3-1 lead overall and need only one more win to clinch the seven-match series,
Published 12 Oct, 2007 12:00am
Pakistan fight to meet record target

Pakistan fight to meet record target

Pakistan fought hard to save the second Test against South Africa on the fourth day Thursday after Graeme Smith and Jacques Kallis hit hundreds to put the Proteas in a winning position.
Published 12 Oct, 2007 12:00am
Shoaib Akhtar gets biggest-ever ban

Shoaib Akhtar gets biggest-ever ban

Pakistan banned paceman Shoaib Akhtar on Thursday for 13 international matches and fined him 3.4 million rupees (56,000 dollars) for hitting a team-mate with a bat and other offences.
Published 12 Oct, 2007 12:00am
Togo hopes polls will restore democracy, donor aid

Togo hopes polls will restore democracy, donor aid

Togo holds parliamentary elections on Sunday which, if free and fair, could convince international donors that the small West African state has fully embraced democratic rule.
Published 12 Oct, 2007 12:00am
Europe hopes for change of government in Warsaw

Europe hopes for change of government in Warsaw

In public, German officials are careful not to take sides when asked about looming parliamentary elections in Poland. Behind the scenes, however, Chancellor Angela Merkel's government and many of its partners in Europe are praying the October 21 vote will
Published 12 Oct, 2007 12:00am
Congo pygmies go high-tech to protect forest home

Congo pygmies go high-tech to protect forest home

When Congo Republic's northern pygmies go out into the forest these days, some will be carrying hand-held satellite tracking devices along with their traditional bows and spears.
Published 12 Oct, 2007 12:00am
World's oldest wall painting unearthed in Syria

World's oldest wall painting unearthed in Syria

French archaeologists say they have excavated an 11,000-year-old wall painting in red, black and white in northern Syria which they describe as the oldest in the world, although it resembles a modern work.
Published 12 Oct, 2007 12:00am
Over 130 Muslim scholars call for peace with Christians

Over 130 Muslim scholars call for peace with Christians

More than 130 Muslim scholars from around the globe called on Thursday for peace and understanding between Islam and Christianity, saying "the very survival of the world itself is perhaps at stake".
Published 12 Oct, 2007 12:00am
41 pilgrims killed in Indian road accident

41 pilgrims killed in Indian road accident

Forty-one Hindu pilgrims were killed Thursday when their bus fell into a ravine in a hilly region of northern India, police said. "We have recovered 41 bodies so far. We are still searching for survivors," superintendent of police P.S Sailal told AFP in U
Published 12 Oct, 2007 12:00am
Darfur peace talks 'moment of truth': UN envoy

Darfur peace talks 'moment of truth': UN envoy

Darfur peace talks will be a "moment of truth" to stop the chaotic violence plaguing Sudan's west, UN envoy Jan Eliasson said on Thursday. He urged all of the more than a dozen fractured Darfur rebel factions to attend the talks due to start in Libya on O
Published 12 Oct, 2007 12:00am
'Monks beaten, kept in animal-like conditions'

'Monks beaten, kept in animal-like conditions'

Hundreds of Buddhist monks rounded up by Myanmar's junta were beaten and kept in animal-like conditions without toilets or drinking water during days of interrogation, one of those freed said on Thursday.
Published 12 Oct, 2007 12:00am
UN wants security guards in Iraq to face law

UN wants security guards in Iraq to face law

The United Nations wants probes to determine whether private security contractors in Iraq have committed war crimes and for governments to ensure that the rule of law is applied, UN officials said on Thursday.
Published 12 Oct, 2007 12:00am
Car bomb kills eight in Kirkuk

Car bomb kills eight in Kirkuk

A car bomb ripped through the convoy of a senior Iraqi police official in the northern city of Kirkuk on Thursday killing at least eight people and wounding dozens more, officials said.
Published 12 Oct, 2007 12:00am
Impeachment move filed against Arroyo

Impeachment move filed against Arroyo

The Philippine lower house of Congress began an impeachment process against President Gloria Macapagal Arroyo on Thursday, but analysts said the complaint appeared designed to protect her from more substantial charges. It is the third year in a row that A
Published 12 Oct, 2007 12:00am
Gates defends British drawdown in Iraq

Gates defends British drawdown in Iraq

US Defence Secretary Robert Gates on Thursday defended Britain's decision to reduce its force levels in Iraq to 2,500, saying it was the result of a joint agreement worked out with US commanders.
Published 12 Oct, 2007 12:00am
White House disappointed by Armenian 'genocide' bill

White House disappointed by Armenian 'genocide' bill

The White House said Thursday it was "disappointed" with a vote in the US Congress labelling the Ottoman Empire's World War I massacre of Armenians a "genocide." "Certainly we are disappointed in the vote that occurred yesterday," said Scott Stanzel, a sp
Published 12 Oct, 2007 12:00am
Fatah rules out Hamas peace talks

Fatah rules out Hamas peace talks

Palestinian President Mahmoud Abbas's Fatah faction ruled out talks with Hamas on Thursday as Israel warned any such dialogue with the Islamists could "torpedo" a peace deal with the Jewish state.
Published 12 Oct, 2007 12:00am
Iran and IAEA to continue nuclear talks next week

Iran and IAEA to continue nuclear talks next week

Iran and the UN nuclear watchdog wrapped up two-days of talks on Tehran's controversial enrichment programme Thursday and will meet again next week, the semi-offical Mehr news agency reported.
Published 12 Oct, 2007 12:00am
UK's Lessing wins Nobel for literature

UK's Lessing wins Nobel for literature

British novelist Doris Lessing won the 2007 Nobel Prize for literature on Thursday for a body of work that looked unflinchingly at society's ills and inspired a generation of feminist writers.
Published 12 Oct, 2007 12:00am
Indian rupee falls

Indian rupee falls

The Indian rupee hit a 9-1/2-year high on Thursday as record-setting shares encouraged capital inflows, but suspected central bank intervention knocked the currency off the peak, traders said. The partially convertible rupee ended at 39.3000/3050 per doll
Published 12 Oct, 2007 12:00am
Sterling dips against majors

Sterling dips against majors

Sterling slipped to its lowest in nearly two weeks against a basket of currencies on Thursday after data showed UK house pricing falling at their fastest pace in 2 years, rekindling talk of a UK interest rate cut. Data from the Royal Institution of Charte
Published 12 Oct, 2007 12:00am
Euro keeps rallying in London

Euro keeps rallying in London

The euro rallied for a third day in a row against the dollar on Thursday as expectations for the Federal Reserve to keep rates on hold faded, while the yen felt the brunt of a continuing increase in risk appetite.
Published 12 Oct, 2007 12:00am
Thursday's midday trade: Dow and S&P hit record highs

Thursday's midday trade: Dow and S&P hit record highs

US stocks gained, with the Dow and S&P 500 hitting record highs on Thursday after Wal-Mart Stores Inc increased its profit outlook, lifting optimism about earnings. Technology shares extended a run up, led by bellwethers Google Inc, which was upgraded by
Published 12 Oct, 2007 12:00am
Chinese shares decline

Chinese shares decline

Most Chinese shares fell on Thursday as investors took profits in many industrial and second-tier stocks, but surging banks and other blue chips, such as oil refiner Sinopec, boosted the main index to a new record. The Shanghai Composite Index ended up 2.
Published 12 Oct, 2007 12:00am
Bonds: credit spreads tighten

Bonds: credit spreads tighten

European credit spreads continued to tighten on Thursday as global equities gained, with hybrid bonds of Germany's Suedzucker leading the way, lifted by positive earnings news. By 1513 GMT, the closely watched iTraxx Crossover index, made up of 50 mostly
Published 12 Oct, 2007 12:00am
Bonds: credit spreads tighten

Bonds: credit spreads tighten

European credit spreads continued to tighten on Thursday as global equities gained, with hybrid bonds of Germany's Suedzucker leading the way, lifted by positive earnings news. By 1513 GMT, the closely watched iTraxx Crossover index, made up of 50 mostly
Published 12 Oct, 2007 12:00am
UK's top share index hits four-month high

UK's top share index hits four-month high

Britain's top share index rose 1.4 percent to hit its highest close in four months on Thursday as commodity stocks rallied on higher oil and metal prices and heavyweight Vodafone jumped. The FTSE 100 index ended 1.38 percent higher at 6,724.5 points, not
Published 12 Oct, 2007 12:00am
London coffee and cocoa rises; sugar falls

London coffee and cocoa rises; sugar falls

London robusta coffee futures finished higher on Thursday with the nearby premium soaring on concern about a short-term squeeze linked to nearby supply tightness ahead of the next Vietnamese crop, dealers said. Cocoa futures ended slightly higher as hedge
Published 12 Oct, 2007 12:00am
Brokers bet on LME's new steel contracts

Brokers bet on LME's new steel contracts

Banks and brokers are betting new London Metal Exchange steel contracts will gain traction in less than the decade it took for aluminium contracts to catch on. After many years in design, steel billet contracts will start trading on the floor of the LME o
Published 12 Oct, 2007 12:00am
Oil jumps two percent on US supply worries

Oil jumps two percent on US supply worries

Oil surged over 2 percent on Thursday, approaching its record high after a surprise decline in US inventories stoked concerns about supplies in the world's top consumer ahead of winter. US crude oil stocks fell 1.7 million barrels last week to the lowest
Published 12 Oct, 2007 12:00am
Norilsk to boost nickel output

Norilsk to boost nickel output

Russian miner Norilsk Nickel expects to produce 17-20 percent more nickel at its Harjavalta refinery in Finland this year after increasing supply of raw materials, a senior company official told Reuters.
Published 12 Oct, 2007 12:00am
New York cotton settles lower

New York cotton settles lower

Cotton futures closed lower Thursday on speculative sales as the market pulled back from a three-month high with investors adjusting positions ahead of a key government crop report tomorrow, brokers said. ICE Futures open-outcry December cotton contract s
Published 12 Oct, 2007 12:00am
India competing for raw sugar sales to Russia

India competing for raw sugar sales to Russia

India is competing against top sugar producer Brazil to export raw sugar to leading importer Russia, but no deals have been done yet, said S.L. Jain, chief executive of India's sugar export corporation ISEC, on Monday. "We are neck and neck with Brazil,"
Published 12 Oct, 2007 12:00am
Lead touches new peak

Lead touches new peak

Lead hit a new high on the London Metal Exchange on Thursday, supported by a tight supply outlook combined with strong demand from battery makers, and analysts said it looked set for further gains. The metal has outperformed other LME contracts, and indee
Published 12 Oct, 2007 12:00am
European gold at 28-year peak

European gold at 28-year peak

A sickly dollar and firming oil prices swept gold to 28-year highs on Thursday, while platinum was set in London at a record high of $1,396 per ounce, aided by rising bullion prices and worries over supply.
Published 12 Oct, 2007 12:00am
US MIDDAY: coffee and cocoa up

US MIDDAY: coffee and cocoa up

ICE arabica coffee futures rose over 2 percent early on Thursday on severely dry weather in top grower Brazil, while cocoa gained ground on speculative short-covering, traders said. "Specs and locals are buying, funds very little," one coffee trader said.
Published 12 Oct, 2007 12:00am
US MIDDAY: sugar rises

US MIDDAY: sugar rises

Raw sugar futures were firmer early on Thursday as modest investment fund buying gave the market a boost, brokers said. "It's mostly funds, but you don't know if it would break down again at the top of the range," a floor dealer said.
Published 12 Oct, 2007 12:00am
US MIDDAY: wheat soars

US MIDDAY: wheat soars

Wheat futures on the Chicago Board of Trade climbed to session highs at midday on Thursday on bullish export news and ahead of a monthly USDA report on Friday, traders said. Buying by local traders amid a lack of sellers drove prices up, with front-month
Published 12 Oct, 2007 12:00am
US MIDDAY: corn eases

US MIDDAY: corn eases

Corn futures on the Chicago Board of Trade were weak early on Thursday on active corn harvest in the United States and ahead of a key USDA crop report, traders said. "I think everyone is getting ready for tomorrow," a trader said referring the expected re
Published 12 Oct, 2007 12:00am
US MIDDAY: soyabeans firm

US MIDDAY: soyabeans firm

The Chicago Board of Trade soyabean market was consolidating early on Thursday after a two-day rally ahead of the USDA monthly crop report on Friday, traders said. November soyabeans was down 3/4 cent at $9.67-1/2 per bushel by 10:35 am CDT. The back mont
Published 12 Oct, 2007 12:00am
US MIDDAY: copper gains

US MIDDAY: copper gains

New York copper extended gains of the last two days on Thursday, helped by the dollar's weaker tone against the euro and a set of US data showing an improving economic scenario, traders said.
Published 12 Oct, 2007 12:00am
US MIDDAY: gold and platinum hit record high

US MIDDAY: gold and platinum hit record high

Gold futures rose sharply to a 28-year high in New York early on Thursday on commission-house buying, while platinum futures hit a contract record high due to robust investment demand on a broad-based metals rally on the dollar weakness.
Published 12 Oct, 2007 12:00am
Saudi Arabian Consul General returns to Karachi

Saudi Arabian Consul General returns to Karachi

The Saudi Arabian Consul General (CG) H E Dr Hassan Attar has returned to Karachi after his brief visit to the Saudi Arabian Kingdom where he prayed at the Grand Mosque on Lailatul Qadr. Dr Attar resumed his functions as the Consul General of the Saudi Ar
Published 12 Oct, 2007 12:00am
Ikramullah Mehsud made envoy to Bahrain

Ikramullah Mehsud made envoy to Bahrain

The government has appointed Ikramullah Mehsud as the Ambassador of Pakistan to the Kingdom of Bahrain. Mehsud joined the Foreign Service of Pakistan in April 1979. He has served at the Headquarters as Section Officer (1982-84 & 1986-88), Director (1992-9
Published 12 Oct, 2007 12:00am
FUUAST announces Eid holidays

FUUAST announces Eid holidays

The Federal Urdu University of Arts, Science and Technology (FUUAST) will remain closed from October 12 to 16 on account of 'Jumat-ul-Wida' and the 'Eid-ul-Fitr' holidays. This was announced by an official of the institution here on Thursday. He said that
Published 12 Oct, 2007 12:00am
Employment of women in rural areas doubled

Employment of women in rural areas doubled

Employment of women, both in urban and rural areas of the country has almost doubled during the last decade. The increase in employment of females was recently recorded at around 9.1 percent as compared to the 4.6 percent of 1996, said an official report.
Published 12 Oct, 2007 12:00am
Writer Kirshan Khatwani passes away

Writer Kirshan Khatwani passes away

Sindh-born great Sindhi writer and poet Kirshan Khatwani expired in India on Thursday. His son Dr Moti Parkash informed Sindhi writers here on phone that Khatwani expired at 11am in a hospital in Indore city of India.
Published 12 Oct, 2007 12:00am
Tree plantation to reduce dessication of arid areas

Tree plantation to reduce dessication of arid areas

Maximum tree plantation is the only way to reduce the dessication of arid areas, experts proposed in a report to combat the challenges of climate change. The report observed that severe droughts might be experienced due to climate change in the future, as
Published 12 Oct, 2007 12:00am
Payment dates of telephone bills changed

Payment dates of telephone bills changed

PTCL has changed the issuance and payment dates of telephone bills for the month of September. According to EVP Business South Karachi, Rehmatullah, telephone bills in Karachi are issued during 8th and 10th of every month and payment is made between 22nd
Published 12 Oct, 2007 12:00am
The blessings of Ramazan

The blessings of Ramazan

The holy month of Ramazan has bestowed its blessings. Heavy rush of customers can be seen all over the city. Eid festival, in fact, belongs to the persons who purify themselves in this holy month. Eid is the Islamic festival of Muslims and they celebrate
Published 12 Oct, 2007 12:00am
Public services in cantonment areas

Public services in cantonment areas

Karachi is the biggest cosmopolitan city of Pakistan where exists a vast area of Gulistan-e-Jauhar, famous hub of vertical population of about 2 millions citizens living in thousands of high-rise residential flats in addition to numerous horizontal bungal
Published 12 Oct, 2007 12:00am
Booming Russian economy jams neighbours' roads

Booming Russian economy jams neighbours' roads

Next time you complain about waiting in a queue, spare a thought for Pavel. He has parked his truck in a line stretching for 5 km (3 miles) -- and this is a good day at the Finnish-Russian border. Russia's economy is booming and its hunger for new cars, t
Published 12 Oct, 2007 12:00am
An overview of eight-year quasi-military rule-I

An overview of eight-year quasi-military rule-I

Immediately after take-over,General Pervez Musharraf, the then Chief Executive (C.E.), addressed the nation on television on the 17th October,1999 highlighting the problems facing the country- economic as well as political.
Published 12 Oct, 2007 12:00am
Do come but not yet

Do come but not yet

President Pervez Musharraf has advised Pakistan's most eagerly wanna-be prime minister for the third time, Benazir Bhutto, to delay her planned homecoming on October 18. "I would say she should not come before, she should come later", when the Supreme Cou
Published 12 Oct, 2007 12:00am
Streamlining wheat releases

Streamlining wheat releases

In a seminal move, the federal government has reportedly decided to restructure its wheat release policy, by placing urban-based small grinding units under the provincial food departments so that they may be able to obtain wheat from the provincial govern
Published 12 Oct, 2007 12:00am
Import of bitumen: APCA welcomes reduction of custom duty

Import of bitumen: APCA welcomes reduction of custom duty

All Pakistan Contractors Association (Apca) Chairman Ahmad Ghazal Usmani has thanked President Pervaiz Musharraf and Prime Minister Shaukat Aziz for accepting the demand of Apca and slashing custom duty on the import of bitumen from 15 percent to 5 percen
Published 12 Oct, 2007 12:00am
Six Sigma philosophy helping in saving foreign exchange

Six Sigma philosophy helping in saving foreign exchange

An amazing management philosophy known as Six Sigma, which has taken the world by storm during the last several years and practised to perfection by companies such as Allied Signal, General Electric, Motorola etc, has helped save billions of dollars forex
Published 12 Oct, 2007 12:00am
Bomb blasts hit shops, policeman killed

Bomb blasts hit shops, policeman killed

Suspected militants blew up six music shops in restive north-west, while a policeman was killed in a resulting gun battle with the rebels, officials said on Thursday. Militants also targeted a hair salon in a conservative district of North West Frontier P
Published 12 Oct, 2007 12:00am
Cinepax launches 5-screen multiplex cinema

Cinepax launches 5-screen multiplex cinema

Cinepax, the only dedicated multiplex company of Pakistan, on Thursday announced the launch of the country's first 5-screen multiplex cinema complex at a press briefing cum preview held at its sparkling new arena in Jinnah Park, Rawalpindi. The theatres a
Published 12 Oct, 2007 12:00am
NRO to cost national exchequer billions

NRO to cost national exchequer billions

The national exchequer would have to pay the cost of national reconciliation in shape of releasing frozen assets worth $1.5 billion to the royal couple, Benazir Bhutto, her spouse Asif Ali Zardari in forthcoming days besides de-sealing of sugar mills, tex
Published 12 Oct, 2007 12:00am
1,080,000 vehicles converted to CNG in three years

1,080,000 vehicles converted to CNG in three years

As many as 1,080,000 vehicles were converted to the Compressed Natural Gas (CNG) mode by June this year as compared to 500,000 in June 2004, thus marking an increase of 116 percent. Encouraging the use of CNG as an alternate fuel for automobiles is the go
Published 12 Oct, 2007 12:00am
Commodity prices skyrocketing at advent of Eid

Commodity prices skyrocketing at advent of Eid

The prices of essential commodities have again gone up at the advent of Eid-ul-Fitr as lack of effective price control system has given traders complete liberty to increase the prices of essential commodities at their own will.
Published 12 Oct, 2007 12:00am
SCCI body approves election schedule

SCCI body approves election schedule

A meeting of the executive committee of the Sarhad Chamber of Commerce and Industry (SCCI) with President of SCCI Liaquat Ahmed Khan in the chair on Thursday approved election schedule for the year 2007-08 according to which polling for presidential elect
Published 12 Oct, 2007 12:00am
RCCI polls in December

RCCI polls in December

The fresh elections for 14 seats of the executive committee of the Rawalpindi Chamber of Commerce and Industry (RCCI) have been scheduled for December 13, while the election of president and his two deputies will be held on December 19.
Published 12 Oct, 2007 12:00am
Wapda allows closure of steel furnaces

Wapda allows closure of steel furnaces

The Water and Power Development Authority (Wapda) has allowed the closure of steel furnaces from October 12-18 and December 19-25. However, this facility may be availed under the following Conditions:
Published 12 Oct, 2007 12:00am
Robbers loot SKMCH office

Robbers loot SKMCH office

Three robbers on Wednesday forced their way into the Shaukat Khanum Memorial Cancer Hospital and Research Centre at the Karachi office, held employees at gunpoint and made off with Rs 150,000 in cash and cheques collected as Zakat for the hospital.
Published 12 Oct, 2007 12:00am
Postings

Postings

The Lahore High Court chief justice has transferred two district and sessions judges here today. Allah Bakhsh Ranjha has been transferred from Sialkot to Nankana Sahib and Sohabi Ahmad Roomi from Nankana Sahib to Silkot.
Published 12 Oct, 2007 12:00am
LHC notifies Eid holidays

LHC notifies Eid holidays

The Lahore High Court Chief Justice has announced Eid holidays from October 13 to 16 instead of October 13 and 14. He ordered the court principal seat, its allied benches at Rawalpindi, Multan and Bahawalpur and civil and sessions courts in Punjab to cele
Published 12 Oct, 2007 12:00am
KSE Eid holidays

KSE Eid holidays

Since the government of Pakistan and State Bank of Pakistan have announced October 13 to October 16 (Saturday to Tuesday) as public holidays for Eid-ul-Fitr, the Karachi Stock will remain closed on the given dates and will reopen on Wednesday, October 17.
Published 12 Oct, 2007 12:00am
BIEK extends enrolment date for first year

BIEK extends enrolment date for first year

The Board of Intermediate Education Karachi (BIEK) has extended the date of enrolment to the new entrants of the first year classes in the colleges in the metropolis up to October 27, BIEK Chairman Anwar Ahmed Zai stated this on Thursday.
Published 12 Oct, 2007 12:00am
Rauf directs DCOs to ensure protection of heritage

Rauf directs DCOs to ensure protection of heritage

Minister for Culture, Tourism and Social Welfare Rauf Siddiqui on Thursday through a directive asked the district coordination officers (DCOs) to ensure protection of buildings declared as national heritage. Siddiqui has asked DCOs to survey old buildings
Published 12 Oct, 2007 12:00am
Emirates invites footbal fans

Emirates invites footbal fans

Emirates Airline, a FIFA partner, invites youth football fans and underprivileged students to attend the FIFA Women's World Cup 2007 matches which will be played in Shanghai, Tianjin, Wuhan, Chengdu and Hangzhou.
Published 12 Oct, 2007 12:00am
Over one million leave city by trains and buses for Eid

Over one million leave city by trains and buses for Eid

More than a million passengers have so far left Karachi via trains and buses for celebrating Eid-ul-Fitr with their loved ones at their hometowns. However, more people preferred to travel by trains, while 36000 have so far travelled by inter-city route bu
Published 12 Oct, 2007 12:00am
'CNG industry progressing due to liberal policies'

'CNG industry progressing due to liberal policies'

Hydrocarbon Development Institute of Pakistan (HDIP) Director General Hilal A. Raza has said that due to the government's liberal policies and participation of private sector, the CNG industry is progressing in the country. More than 1,765 CNG station hav
Published 12 Oct, 2007 12:00am
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