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Nov 15, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2007-11-04
Emerging debt wider, tracking weak equities

Emerging debt wider, tracking weak equities

Emerging market sovereign debt tracked the gyrations in equity markets on Friday, with wider spreads at the open reflecting concerns US economic growth will slow while more credit problems lurk in the bank sector.
Published 04 Nov, 2007 12:00am
Emerging debt wider, tracking weak equities

Emerging debt wider, tracking weak equities

Emerging market sovereign debt tracked the gyrations in equity markets on Friday, with wider spreads at the open reflecting concerns US economic growth will slow while more credit problems lurk in the bank sector.
Published 04 Nov, 2007 12:00am
US Treasuries gain with safe-haven bid

US Treasuries gain with safe-haven bid

US Treasuries prices rose on Friday for a second day as jitters about the future of financial companies had investors turning to lower-risk assets like government debt.
Published 04 Nov, 2007 12:00am
US Treasuries gain with safe-haven bid

US Treasuries gain with safe-haven bid

US Treasuries prices rose on Friday for a second day as jitters about the future of financial companies had investors turning to lower-risk assets like government debt.
Published 04 Nov, 2007 12:00am
European Stocks: rate decisions eyed in Euro zone, Britain

European Stocks: rate decisions eyed in Euro zone, Britain

Borrowing costs will steal the show for European equities again next week, with two key rate verdicts looming in Europe, as investors fret this week's US rate cut may be the last from the Fed for now. A slew of results from European companies could also h
Published 04 Nov, 2007 12:00am
Neutral Tandem soars in market debut

Neutral Tandem soars in market debut

Shares of Neutral Tandem jumped as much as 46 percent on Friday, a day after an initial public offering priced above a forecast range, raising more than 92 million. Neutral Tandem shares, after pricing at $14 on Thursday, opened on Friday at $18, then ros
Published 04 Nov, 2007 12:00am
Chinese IPOs to test US public markets

Chinese IPOs to test US public markets

A trio of Chinese initial public offerings will test US public markets next week as will three natural gas and oil exploration companies. Some 17 companies are expected to launch IPOs on either NYSE Euronext's New York Stock Exchange or on Nasdaq next wee
Published 04 Nov, 2007 12:00am
Argentine stocks inch higher

Argentine stocks inch higher

Argentine stocks rose slightly in heavy trade on Friday, pushed higher by gains on Wall Street as investors continued to eye the US economy. The MerVal index of 25 leading stocks climbed 0.65 percent to close at 2,336.7 points, accumulating a 0.41 percent
Published 04 Nov, 2007 12:00am
Chile stocks slide with global markets

Chile stocks slide with global markets

Chile stocks declined heavily across all sectors on Friday, as global markets dipped on US credit worries. The all-market IGPA stock index fell 1.44 percent to 15,125.13 points, while the trade-weighted blue chip IPSA index slipped 1.69 percent to 3,392.9
Published 04 Nov, 2007 12:00am
Toronto stocks end little changed

Toronto stocks end little changed

The Toronto Stock Exchange's main index closed little changed on Friday as a rally in commodity issues was offset by weaker financial stocks, which slipped on lingering fears over the global credit squeeze. The decline in bank stocks came as surprisingly
Published 04 Nov, 2007 12:00am
Canadian bond prices drop

Canadian bond prices drop

The Canadian bond prices moved lower on Friday, due in part to the solid economic jobs data from Canada and the United States, which some dealers used as an excuse to take profits following sharp gains on Thursday when equity markets were hammered.
Published 04 Nov, 2007 12:00am
Canadian bond prices drop

Canadian bond prices drop

The Canadian bond prices moved lower on Friday, due in part to the solid economic jobs data from Canada and the United States, which some dealers used as an excuse to take profits following sharp gains on Thursday when equity markets were hammered.
Published 04 Nov, 2007 12:00am
Venezuela to issue bonds

Venezuela to issue bonds

Venezuela said on Friday it will issue new debt over the next five months to reduce liquidity that has fuelled Latin America's highest inflation and pressured a rapidly depreciating currency.
Published 04 Nov, 2007 12:00am
Venezuela to issue bonds

Venezuela to issue bonds

Venezuela said on Friday it will issue new debt over the next five months to reduce liquidity that has fuelled Latin America's highest inflation and pressured a rapidly depreciating currency.
Published 04 Nov, 2007 12:00am
Wall Street ends up

Wall Street ends up

US stocks eked out a gain on Friday on a late-day rally in industrial, technology and energy shares after a strong reading of US employment. Stocks spent most of the day in the red, threatening to compound the previous day's big sell-off, on mounting fear
Published 04 Nov, 2007 12:00am
South Korean won falls

South Korean won falls

The South Korean fell against the dollar on Friday on renewed worries about the fallout from the US credit crisis, but recovered some of its early losses by the end of local trade on demand from exporters. The won also cut losses as trading was subdued ac
Published 04 Nov, 2007 12:00am
Australian dollar looks forward to parity party

Australian dollar looks forward to parity party

The Australian dollar's surge to a more than two decade high versus its US counterpart has ignited talk it will reach parity next year, buoyed by prospects of higher domestic rates, robust growth and strong commodity prices. But while irrepressible for no
Published 04 Nov, 2007 12:00am
Dollar sinks to lows

Dollar sinks to lows

The dollar sank to record lows against the euro and a basket of major currencies on Friday as fears of major losses at financial firms overshadowed a strong US payrolls report. Benchmark US stock indexes fell as much as 1 percent dragged down by financial
Published 04 Nov, 2007 12:00am
IMM speculators lift bets against US dollar

IMM speculators lift bets against US dollar

Currency speculators increased their bets against the US dollar in the week to Tuesday, data from the Commodity Futures Trading Commission showed on Friday. Traders in the International Monetary Market lifted their net short position in the US dollar to $
Published 04 Nov, 2007 12:00am
Forex outlook: Dollar may post gains in week ahead

Forex outlook: Dollar may post gains in week ahead

The battered US dollar may rally in the week ahead after a week of relatively benign economic data indicated the economy is weathering problems in the housing and credit markets.
Published 04 Nov, 2007 12:00am
Canadian dollar ends above US $1.07

Canadian dollar ends above US $1.07

The Canadian dollar capped off a historic week with a sharp gain against the US currency on Friday, rising on a solid Canadian jobs report and another surge in oil prices. Bond prices turned lower after the upbeat Canadian jobs report and appeared to igno
Published 04 Nov, 2007 12:00am
US Olympic marathon hopeful dies

US Olympic marathon hopeful dies

One of the United States' chief hopes at the Beijing Games, Ryan Shay, collapsed and died during Olympic marathon trials held here on Saturday. The 2003 US marathon champion fell to the ground shortly before the five mile mark but attempts to revive the 2
Published 04 Nov, 2007 12:00am
Gallas keeps Arsenal in pole position

Gallas keeps Arsenal in pole position

Arsenal preserved their place on top of the Premier League after William Gallas's late equaliser earned a dramatic 2-2 draw against Manchester United on Saturday. Gallas's late intervention ensured Arsene Wenger's side stayed ahead of United on goal diffe
Published 04 Nov, 2007 12:00am
Younis calls for Ashes-like series with India

Younis calls for Ashes-like series with India

The Test series between rivals India and Pakistan should be played along the lines of the Ashes to retain its charm, visiting vice-captain Younis Khan said here on Saturday. "The game is very popular in the two nations and people like to see us fight on t
Published 04 Nov, 2007 12:00am
Pak-India AFC youth football encounter on November 11

Pak-India AFC youth football encounter on November 11

The Pakistan-India football clash will begin on November 11 in the AFC Youth Football encounter in Iran. Pakistan is being placed in a tough-qualifying Group B of 36th AFC U19 Youth Championship and besides India, Pakistan will take on Iran (6th November)
Published 04 Nov, 2007 12:00am
PFF announces Pakistan under-19 team

PFF announces Pakistan under-19 team

The Pakistan Football Federation (PFF) here on Saturday has announced a Pakistan under-19 team for the 36th AFC U-19 football championship qualifiers 2007. The U-19 team is made up of officials and players leaving for Iran on Sunday through the Mahan Airl
Published 04 Nov, 2007 12:00am
Australia, Sri Lanka announce Warne-Muralitharan trophy

Australia, Sri Lanka announce Warne-Muralitharan trophy

Australia and Sri Lanka will play for the Warne-Muralitharan Trophy this month in honour of the two leading wicket-takers in Test history, Cricket Australia and Sri Lanka Cricket announced Saturday.
Published 04 Nov, 2007 12:00am
Inzamam accuses match officials of bias

Inzamam accuses match officials of bias

Former Pakistan captain Inzamam-ul-Haq, at the centre of the Oval Test controversy last year, on Saturday accused match officials of being harsh on teams from the subcontinent. Inzamam was skipper when Pakistan protested over ball-tampering charges during
Published 04 Nov, 2007 12:00am
Thousands mount protest in Riga

Thousands mount protest in Riga

Thousands of people protested against Latvia's centre-right government on Saturday over its sacking of the country's anti-corruption boss. The protest in Riga of up to 8,000 people was the second in two weeks against Prime Minister Aigars Kalvitis after t
Published 04 Nov, 2007 12:00am
Thousands perched on rooftops in Mexico floods

Thousands perched on rooftops in Mexico floods

Thousands of people perched on rooftops in southern Mexico on Saturday, hoping to be evacuated from devastating flooding that has left most of Tabasco state under water and 800,000 people homeless.
Published 04 Nov, 2007 12:00am
Mubarak elected ruling party leader

Mubarak elected ruling party leader

Veteran President Hosni Mubarak was elected chairman of Egypt's ruling party on Saturday at an annual congress which seems set to strengthen his son Gamal's bid to succeed him as president. Mubarak's leadership was unchallenged by the party's 6,700 delega
Published 04 Nov, 2007 12:00am
North Korea nuclear disablement set to start: US envoy

North Korea nuclear disablement set to start: US envoy

A team of US atomic inspectors is due to begin work overseeing the disablement of North Korea's nuclear facilities on Monday, US envoy Christopher Hill said Saturday. The nine-member US team arrived in the North Korean capital Pyongyang on Friday and expe
Published 04 Nov, 2007 12:00am
Indonesia's volcano erupts

Indonesia's volcano erupts

Indonesia's Mount Kelud volcano has erupted, according to seismographic signals, but no signs of ash or lava could be seen because of heavy cloud cover, a top official said on Saturday. An estimated 350,000 people live within 10 km (6 miles) of the volcan
Published 04 Nov, 2007 12:00am
Immigration row hits British Prime Minister in polls

Immigration row hits British Prime Minister in polls

Prime Minister Gordon Brown's party is still trailing in the polls and 80 percent of Britons think his government is being dishonest about immigration, surveys showed Saturday. A poll in The Sun newspaper showed the main opposition Conservatives on 40 per
Published 04 Nov, 2007 12:00am
Merkel resists calls to deploy troops in south Afghanistan

Merkel resists calls to deploy troops in south Afghanistan

Chancellor Angela Merkel said Saturday Germany would continue to focus its military efforts in relatively calm northern Afghanistan but added it could help out in the insurgency-hit south if needed.
Published 04 Nov, 2007 12:00am
Digital Library set up at Sindh University

Digital Library set up at Sindh University

Sindh University has set up a Digital Library in collaboration with Higher Education Commission (HEC) Islamabad at the Allama I. I. Kazi Central Library of the university. Vice Chancellor Sindh University Mazharul Haq Siddiqui inaugurated the digital libr
Published 04 Nov, 2007 12:00am
PIA engineers strike: trains drawing maximum passengers' rush

PIA engineers strike: trains drawing maximum passengers' rush

Like the extra-section flights which airlines usually operate in cases of growing rush of passengers, Pakistan Railway is also operating an extra train from Karachi to Rawalpindi to accommodate passengers destined for upcountry in view of suspension in PI
Published 04 Nov, 2007 12:00am
Draft code of conduct: ECP extends date for suggestions

Draft code of conduct: ECP extends date for suggestions

Election Commission of Pakistan (ECP) on Saturday extended last date for sending the comments and suggestions on the Draft Code of Conduct for the political parties and the contesting candidates upto November 6. The draft was circulated to the political p
Published 04 Nov, 2007 12:00am
Hundreds of thousands faithful attend Dawat-i-Islami congregation

Hundreds of thousands faithful attend Dawat-i-Islami congregation

More than Half million faithful wearing green and marooned turbans joined the second day session of the three-day international congregation of Dawat-i-Islami (DI), a non-political religious group. Peoples are seen praying for the blessings of Almighty Al
Published 04 Nov, 2007 12:00am
'Children, learn to value Stalin,' Russian pupils told

'Children, learn to value Stalin,' Russian pupils told

Former Soviet dictator Joseph Stalin is back in fashion in Russia as the Kremlin condones history textbooks that honour the Soviet leader (1878-1953) as renovator of the country. "Children, learn to value Stalin," the Gazeta newspaper recently summed up t
Published 04 Nov, 2007 12:00am
Indonesia's record-breaking bridge on shaky foundations

Indonesia's record-breaking bridge on shaky foundations

Indonesia has brushed aside fears of graft and disaster to pursue plans to build the world's largest suspension bridge - in one of the most earthquake-prone areas on earth. The planned Sunda Strait bridge will cross at least 29 kilometres (18 miles) betwe
Published 04 Nov, 2007 12:00am
The gory exposure

The gory exposure

This refers to 'Tehelka' exposure on Indian TV channels which was also reproduced next day in prominent print media, exposing State sponsored gory massacre of thousands of innocent Muslims in Gujarat 2002 pogrom.
Published 04 Nov, 2007 12:00am
Japanese veteran haunted by surgical killings

Japanese veteran haunted by surgical killings

More than 60 years had passed, but Akira Makino still suffered nightmares about Filipino hostages and the injections that rendered them unconscious. Then there was the one about the surgical knife gouging a human liver.
Published 04 Nov, 2007 12:00am
Emergency provisions in 1973 Constitution

Emergency provisions in 1973 Constitution

The text of the "Emergency Pro-visions" in the 1973 constitution. "232. Proclamation of emergency on account of war, internal disturbance, etc: (1) If the President is satisfied that a grave emergency exists in which the security of Pakistan, or any part
Published 04 Nov, 2007 12:00am
Boosting exports from a realistic approach

Boosting exports from a realistic approach

Addressing a recent meeting of executive directors and senior officials of the Trade Development Authority of Pakistan (TDAP), which was held primarily to review the new trade policy, TDAP Chief Executive Tariq Ikram is reported to have laid considerable
Published 04 Nov, 2007 12:00am
Financing Neelum-Jhelum hydropower project

Financing Neelum-Jhelum hydropower project

The government is said to be reluctant to accord approval to 10-paisa raise in Wapda's power tariff, conceded in principle by ECC on August 17 for generating an additional amount of Rs 6 billion per annum for financing the 960-MW Neelum-Jhelum hydropower
Published 04 Nov, 2007 12:00am
50,000 villages get electricity in five years

50,000 villages get electricity in five years

The present government has supplied electricity to 50,000 villages in the last five years, where as the previous governments had facilitated only 10,000 villages in their respective tenure. This was disclosed by the Prime Minister Shaukat Aziz while talki
Published 04 Nov, 2007 12:00am
Pfizer launches anti-smoking drug in Pakistan

Pfizer launches anti-smoking drug in Pakistan

Pfizer announced on Saturday to launch anti-smoking drug in Pakistan by its subsidiary Parke Davis and Company limited, says a press release. Chantix (varenicline) has been developed by Pfizer globally to help smokers quit smoking and overcome addiction t
Published 04 Nov, 2007 12:00am
$18 billion plan to build new trade routes through Central Asia

$18 billion plan to build new trade routes through Central Asia

Eight countries on Saturday agreed to an $18 billion strategy to improve Central Asia's network of roads, airports, railway lines and seaports to make the region a vital transit route for trade between Europe and Asia, a modern-day equivalent of the ancie
Published 04 Nov, 2007 12:00am
Rs 110 million to be spent on AG office construction

Rs 110 million to be spent on AG office construction

The Advocate General office building will be completed at a cost of Rs 110 million, said a meeting chaired by Provincial Minister for Law and Public Prosecution Muhammad Basharat Raja here on Saturday. The meeting reviewed the pace of progress of the unde
Published 04 Nov, 2007 12:00am
Strike against new Market Ordinance observed

Strike against new Market Ordinance observed

Akbari Mandi traders have gone on a strike against the new 2007 Market Ordinance to press the government to drop various steps introduced in it. But Lahore Sugar Dealers Association President Asghar Butt rued the decision, saying the strike could damage b
Published 04 Nov, 2007 12:00am
Transfers and postings of LHC judges

Transfers and postings of LHC judges

The Lahore High Court (LHC) Chief Justice, Iftikhar Hussain Chaudhry has made transfers and postings of 10 civil judges-cum-judicial magistrates. A notification issued here said, the civil judge-cum-judicial magistrate, Qadeer Hussain Butt has been transf
Published 04 Nov, 2007 12:00am
River inflows, outflows

River inflows, outflows

The position of the river inflows and outflows at Tarbela, Mangla and Chashma with the reservoirs levels and the barrages on Saturday was as under:
Published 04 Nov, 2007 12:00am
Forcible selling of DAP: action against companies, dealers demanded

Forcible selling of DAP: action against companies, dealers demanded

The Agri-Forum Pakistan has urged the federal and provincial governments to act against fertiliser companies and dealers allegedly forcing farmers to buy two bags of urea if wanted to purchase one bag of DAP fertiliser. This demand surfaced in a meeting h
Published 04 Nov, 2007 12:00am
Fata to have own skill uplift company: Aurakzai

Fata to have own skill uplift company: Aurakzai

The NWFP Governor Lieutenant General Ali Muhammad Jan Aurakzai (Retd) Saturday attended a presentation on Human Resource Development Project of Fata Development Authority and in principal agreed to the establishment of Fata skill development company, to b
Published 04 Nov, 2007 12:00am
MoWD establishes women crisis centres in major cities

MoWD establishes women crisis centres in major cities

The Ministry for Women Development (MWD) has completed the task of establishing women crisis centres in Karachi, Peshawar, Mianwali, Quetta, Kohat, Vehari, Sahiwal, Sialkot, Faisalabad, Multan, Bahawalpur, Mirwala, Hyderabad, Nawabshah, Sibi, Abbotabad an
Published 04 Nov, 2007 12:00am
Pakistan an emerging hub of IT in future: experts

Pakistan an emerging hub of IT in future: experts

Pakistan has a lot of encouraging factors to emerge as a new hub of information technology growth in the next five years, prominent IT experts and global studies that also take into account geo-strategic challenges, say in their latest assessments.
Published 04 Nov, 2007 12:00am
'Marriage, other functions not to be held at public school premises'

'Marriage, other functions not to be held at public school premises'

The City Nazim has announced that public schools will educate the poor's children and never allow to hold marriages and other functions in their premises and that his government will also build a model high school at the Gulshan-e-Ravi B Block at a cost o
Published 04 Nov, 2007 12:00am
Japanese firms ready to assist Saarc states: envoy

Japanese firms ready to assist Saarc states: envoy

Japanese Ambassador to Pakistan Seiji Kojima has urged the corporate sector to improve competitiveness to survive the tide of globalisation. "The corporate sector should stay innovative and move up the technological ladder," he said in his speech at AOTS,
Published 04 Nov, 2007 12:00am
Early completion of gas projects in NWFP directed

Early completion of gas projects in NWFP directed

Federal Minister for Inter Provincial Co-ordination Salim Safiullah Khan has directed the high ups of SNGPL to complete the mega gas supply project to the southern districts of NWFP on priority basis and prepare the cost estimates for gas supply to left o
Published 04 Nov, 2007 12:00am
Foreign observers to monitor polls: ICHR

Foreign observers to monitor polls: ICHR

The International Commission for Human Rights (ICHR), says more than 60 foreign observers would be in Pakistan soon to monitor the coming general elections 2008. According to ICHR Secretariat Spokesman on Saturday, these observers would start arriving her
Published 04 Nov, 2007 12:00am
NGO slams education ministry's poor performance

NGO slams education ministry's poor performance

Center for Peace and Development Initiatives, Pakistan (CPDI), an NGO, has shown serious concern over the poor performance of Ministry of Education in utilising the annual development budget.
Published 04 Nov, 2007 12:00am
Musharraf accused of engineering crisis in Swat

Musharraf accused of engineering crisis in Swat

Central leader of Jamaat-i-Islami (JI), Syed Munawar Hassan has accused General Pervez Musharraf of being involved in the turmoil, unrest and mass killing in Swat and tribal areas to provide justifications for a possible declaration of emergency in the co
Published 04 Nov, 2007 12:00am
People warned of booking flats, shops in housing project

People warned of booking flats, shops in housing project

Director Town Planning Department (TPD) Sindh, Tahir Ahmad has asked general public to refrain from booking any flat or shop in Al-Mubashir Residency, Nawabshah as the project was illegal and not approved by TPD.
Published 04 Nov, 2007 12:00am
Dr Rasool to get Presidential Award

Dr Rasool to get Presidential Award

The name of Dr Sheikh Ajaz Rasool has been approved by the President of Pakistan for the Presidential Award ie Izaz-i-Kamal for the year 2007, said a press release. The federal education minister would confer the Presidential Award on behalf of the Presid
Published 04 Nov, 2007 12:00am
CFA Association holds Charter awards ceremony

CFA Association holds Charter awards ceremony

The CFA Association of Pakistan (CFAAP) on Saturday organised the Annual CFA Charter Awards Ceremony for successful CFA candidates based in Pakistan. The CFA Program, administered by CFA Institute based in USA, is a graduate level, self-study curriculum a
Published 04 Nov, 2007 12:00am
Nadra comes under fire in City Council session

Nadra comes under fire in City Council session

An official of the National Database Registration Authority (Nadra) on Saturday failed to satisfy public representatives in the City Council. Khalid Waleed, Manager Civil Registration Management System (CRMS), Nadra most of the time remained silent or cam
Published 04 Nov, 2007 12:00am
SME industrial estates to be set up in major Punjab towns

SME industrial estates to be set up in major Punjab towns

The Punjab government has evolved a strategy for the establishment of SME industrial estates in Punjab. Business Recorder learnt through reliable sources here on Saturday that under the plan, the SME industrial estates would be set up in major indu
Published 04 Nov, 2007 12:00am
Government fails to set up traffic courts

Government fails to set up traffic courts

The Sindh government has failed to establish the proposed five special traffic courts in the province to control the rising number of traffic accidents, following the directives of Supreme Court of Pakistan to resolve traffic problems, Business Recorde
Published 04 Nov, 2007 12:00am
Second phase of JKLF's Safar-e-Azadi from Monday

Second phase of JKLF's Safar-e-Azadi from Monday

In occupied Kashmir, the second phase of Jammu and Kashmir Liberation Front's (JKLF) Safar-e-Azadi (March for Freedom) will commence from November 5. In a statement here, JKLF spokesman said that party Chairman, Muhammad Yasin Malik will lead the second p
Published 04 Nov, 2007 12:00am
Rs 80 million to be spent on uplift works in NA-127

Rs 80 million to be spent on uplift works in NA-127

The Punjab government will spend funds amounting Rs 80 million on various development schemes in constituency NA-127 on the instructions of Punjab Chief Minister. According to official sources, the development work includes construction of roads and stree
Published 04 Nov, 2007 12:00am
Minister for upgrading medical knowledge, skills

Minister for upgrading medical knowledge, skills

Punjab Health Minister Muhammad Iqbal stressed upon the specialists to update their knowledge and skill as medical sciences are advancing day by day. "Holding of conferences and workshops is the best way to continue and update medical education," he added
Published 04 Nov, 2007 12:00am
Saarc conference on dermatology

Saarc conference on dermatology

The Pakistan Association of Dermatologist will hold the South Asian Association for Regional Co-operation (Saarc) conference on skin diseases schedule to be held in Lahore from November 14 and 18. The conference, first ever of this kind is titled "new hor
Published 04 Nov, 2007 12:00am
PMA to hold scientific moot on November 10

PMA to hold scientific moot on November 10

Pakistan Medical Association (PMA) Rawalpindi will hold two-day national scientific conference in Rawalpindi to update the medical community about latest research in the sector. The conference to be attended by over 2000 doctors, is expected to start on N
Published 04 Nov, 2007 12:00am
New traffic plan for Rawalpindi airport road soon

New traffic plan for Rawalpindi airport road soon

Rawalpindi Traffic Police is likely to implement new traffic plan soon for smooth flow of traffic on the Airport Road. Under the new plan traffic will be diverted from Airport Road to Rawal Road for three hours in the morning on Monday and Friday only.
Published 04 Nov, 2007 12:00am
Seven dacoits arrested

Seven dacoits arrested

Lahore police on Saturday claimed to have arrested seven members of a notorious dacoits gang which had looted a number of jewellers' shops in Nawakot and recovered gold ornaments worth Rs 4.1 million as well as lethal weapons from them.
Published 04 Nov, 2007 12:00am
Pakistani diplomat elected to key UN panel

Pakistani diplomat elected to key UN panel

The United Nations General Assembly's Fifth (Budget) Committee on Friday recommended by acclamation Imtiaz Hussain, a senior Pakistani diplomat, to serve on a powerful UN financial watchdog panel for a period of three years.
Published 04 Nov, 2007 12:00am
Kasuri, Jiabao discuss matters of mutual interest

Kasuri, Jiabao discuss matters of mutual interest

Foreign Minister Khurshid Kasuri on Saturday held meeting with the Chinese Premier Wen Jiabao here and discussed matters of mutual interests. In a meeting on the sidelines of the SCO Heads of Government meeting, Kasuri congratulated the Chinese Premier on
Published 04 Nov, 2007 12:00am
President to inaugurate Sialkot airport on Tuesday

President to inaugurate Sialkot airport on Tuesday

The decades old dream of local business community of having an international airport at Sialkot would become true on November 6, 2007 when the cargo flights and regular domestic flights across the country from this International Airport will commence.
Published 04 Nov, 2007 12:00am
Punjab to implement reforms with $8.80 million ADB assistance

Punjab to implement reforms with $8.80 million ADB assistance

Planning and Development Department (PDD), Punjab has worked out a programme with $8.80 million assistance of Asian Development Bank (ADB) to enhance efficiency and performance of provincial government. According to official sources, the objective of the
Published 04 Nov, 2007 12:00am
Islamabad I-16 sector: Senate body displeased with development work

Islamabad I-16 sector: Senate body displeased with development work

Chaudhry Muhammad Anwar Bhinder, Chair, Senate Functional Sub-Committee on Government Assurances, on Saturday expressed dissatisfaction with CDA, IESCO and Sui Gas and their tardiness in completing developmental work in I-16 sector of the capital city wit
Published 04 Nov, 2007 12:00am
APHC concerned over human rights abuses in IoK

APHC concerned over human rights abuses in IoK

The All Parties Hurriyat Conference (APHC) has expressed grave concern over growing human rights violations committed by Indian troops against Kashmiris and the deteriorating health condition of Kashmiri.
Published 04 Nov, 2007 12:00am
Raw material bank for Punjab proposed

Raw material bank for Punjab proposed

A proposal for setting up a raw material bank is actively under consideration of Punjab government aimed at providing sufficient raw material to various industries including surgical manufacturers on reasonable rates. The proposed bank would be operationa
Published 04 Nov, 2007 12:00am
Punjab chief minister to visit Rahim Yar Khan

Punjab chief minister to visit Rahim Yar Khan

Punjab Chief Minister Chaudhry Pervaiz Elahi will arrive here on a one-day official visit on Friday, November 9, when he will address two public meetings in different parts of the district.
Published 04 Nov, 2007 12:00am
District emergency boards set up for 'Mahfooz Punjab'

District emergency boards set up for 'Mahfooz Punjab'

Punjab Chief Minister Pervaiz Elahi has said his government has set up district emergency boards throughout the province to cope with any emergent situation to achieve the 'Mahfooz Punjab' objectives.
Published 04 Nov, 2007 12:00am
Pakistan taking part in Shanghai leisure fair

Pakistan taking part in Shanghai leisure fair

Pakistan is participating at the International Leisure Exposition-2007 being held in Hang Zhou. The Consulate General of Pakistan in Shanghai has established a stall at the exposition in which broachers on tourism, culture and history were distributed amo
Published 04 Nov, 2007 12:00am
Traders to observe shutterdown today

Traders to observe shutterdown today

Central Chairman of Pakistan Traders Alliance Khawaja Muhammad Shafiq has said that traders would not leave the opposition alone on the issue of emergency and it would observe complete shutter down at the call of the opposition parties and traders are rea
Published 04 Nov, 2007 12:00am
PML to win more seats in NWFP on performance basis: Prime Minister

PML to win more seats in NWFP on performance basis: Prime Minister

Prime Minister Shaukat Aziz said that the PML and its allies were fully prepared to contest the next general elections in NWFP and expressed hope that this time they would win more seats in the province on the basis of their performance in the office.
Published 04 Nov, 2007 12:00am
Government considering enforcement of Shariah law in Swat

Government considering enforcement of Shariah law in Swat

Pakistan is considering enforcement of Islamic laws in north-western Swat valley to meet the demands of militants who briefly seized and then released around 100 security personnel after nine days fierce fighting that left more than 200 people dead.
Published 04 Nov, 2007 12:00am
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