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Nov 16, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2007-11-11
Turkey opts for second highest bid for Petkim

Turkey opts for second highest bid for Petkim

Turkey's Competition Board has approved the sale of state-run petrochemicals company Petkim to the second highest bidder in a July tender, the Anatolia news agency reported Friday. A consortium of the Azerbaijani oil company Socar, Turkey's Turcas and Sau
Published 11 Nov, 2007 12:00am
Japanese game giant Sega Sammy in the red

Japanese game giant Sega Sammy in the red

Japanese game company Sega Sammy said Friday it had slumped into the red in the six months to September amid sluggish sales of "pachinko" pinball machines and tighter regulations. Sega Sammy Holdings Inc posted first-half net losses of 20.3 billion yen (1
Published 11 Nov, 2007 12:00am
Cellphone slump sends NTT profit down

Cellphone slump sends NTT profit down

Japan's largest telecom group NTT said Friday its operating profit for the first half dropped 18.4 percent as its cellphone unit DoCoMo suffered a slump amid a price war. Nippon Telegraph and Telephone Corp reported an operating profit of 563.99 billion y
Published 11 Nov, 2007 12:00am
Cellphone slump sends NTT profit down

Cellphone slump sends NTT profit down

Japan's largest telecom group NTT said Friday its operating profit for the first half dropped 18.4 percent as its cellphone unit DoCoMo suffered a slump amid a price war. Nippon Telegraph and Telephone Corp reported an operating profit of 563.99 billion y
Published 11 Nov, 2007 12:00am
Australia's NAB reports cash net profit

Australia's NAB reports cash net profit

National Australia Bank, the country's largest bank by assets, on Friday reported a full-year cash net profit of 4.4 billion dollars (4.1 billion US), up 17.7 percent from the previous year. Ordinary net profit rose 4.2 percent to 4.6 billion dollars for
Published 11 Nov, 2007 12:00am
Tunisia plans small-cap stock market in December

Tunisia plans small-cap stock market in December

Tunisia will launch a small-cap stock market next month as part of reforms to boost investment and stimulate the economy, the head of the country's financial market authority said. The new market will make it easier for small companies to list by offering
Published 11 Nov, 2007 12:00am
Fuel prices could prompt airlines to ground planes

Fuel prices could prompt airlines to ground planes

United Airlines, a unit of UAL Corp, could ground up to 100 planes, if necessary, to save money on fuel expenses, a company official said, and other big carriers are talking about similar steps, an industry source said on Friday.
Published 11 Nov, 2007 12:00am
South Africa grounds all Boeing 737

South Africa grounds all Boeing 737

South African aviation authorities have grounded all Boeing 737 200 aircraft in the country for safety checks after an engine fell off the wing of a plane during takeoff, a statement from the Civil Aviation Authority said.
Published 11 Nov, 2007 12:00am
Boeing eyes Middle East sales of 150 jets in 2007

Boeing eyes Middle East sales of 150 jets in 2007

US giant Boeing said on Saturday it was hoping to bag orders for up to 150 new aircraft from the Middle East region by the end of 2007. "We will try to finish the year with 150 (aircraft) orders from the region," Boeing's Middle East chief of commercial a
Published 11 Nov, 2007 12:00am
France urges oil producers to raise capacity

France urges oil producers to raise capacity

Oil producing countries should increase both their production and exploration capacities to tackle a surge in oil prices, French Economy Minister Christine Lagarde said on Saturday.
Published 11 Nov, 2007 12:00am
China tightens money policy to record levels

China tightens money policy to record levels

China's central bank, battling to restrain growth in the money supply and inflation, announced it was lifting the proportion of deposits that commercial banks must keep in reserve to a record high.
Published 11 Nov, 2007 12:00am
German workers end freight train strike

German workers end freight train strike

German train drivers ended the country's longest freight train strike on Saturday, a union official said, but the labour dispute is set to continue next week. The GdL train drivers' union said a 42-hour nation-wide strike which began early Thursday ended
Published 11 Nov, 2007 12:00am
China halts exports of suspected toxic toy beads

China halts exports of suspected toxic toy beads

China's product safety watchdog halted the export of a toy suspected of containing toxic substances in the latest scandal plaguing the "made in China" brand, state press said on Saturday.
Published 11 Nov, 2007 12:00am
'Sluggish US growth but no recession'

'Sluggish US growth but no recession'

Leading economists predicted sluggish US economic growth through June, but said the Federal Reserve's recent interest-rate cuts would help prevent a full-blown recession, according to a survey released on Saturday.
Published 11 Nov, 2007 12:00am
US economy in for 'some big adjustments'

US economy in for 'some big adjustments'

The US economy will need to endure "some big adjustments" after a boom time in financial markets, said former Federal Reserve Chairman Paul Volcker on Friday. "There are some big adjustments that have to be made," Volcker said in a speech at Harvard Unive
Published 11 Nov, 2007 12:00am
Lockheed offers US 10 percent savings on more C-130Js

Lockheed offers US 10 percent savings on more C-130Js

Lockheed Martin Corp, the Pentagon's No 1 defence contractor, said on Thursday it submitted an unsolicited offer to build 120 more of its C-130J transport aircraft over five years at a savings of 10 percent.
Published 11 Nov, 2007 12:00am
Hedge funds block new Dutch Stork deal

Hedge funds block new Dutch Stork deal

Hedge funds Centaurus Capital and Paulson & Co are blocking a revised offer for Dutch industrial group Stork NV, a Dutch newspaper reported on Saturday.
Published 11 Nov, 2007 12:00am
Hedge funds block new Dutch Stork deal

Hedge funds block new Dutch Stork deal

Hedge funds Centaurus Capital and Paulson & Co are blocking a revised offer for Dutch industrial group Stork NV, a Dutch newspaper reported on Saturday.
Published 11 Nov, 2007 12:00am
Security, economy on agenda of December 3-4 Gulf summit

Security, economy on agenda of December 3-4 Gulf summit

Leaders of the pro-Western Gulf monarchies are to hold their annual summit in Qatar on December 3-4, amid the violence in Iraq and escalation of the Iran nuclear crisis, the bloc's chief said on Saturday. Heads of state of the six oil-rich Gulf Co-operati
Published 11 Nov, 2007 12:00am
EU consumer chief excludes US class action cases

EU consumer chief excludes US class action cases

The European Union's consumer chief dispelled industry fears on Saturday that she intends to introduce US-style class action lawsuits across the bloc next year as part of her strategy to strengthen consumer rights.
Published 11 Nov, 2007 12:00am
Brazil stocks climb

Brazil stocks climb

Brazil's main stock index rose on Friday, led higher by bellwether Petrobras. The Bovespa index of the Sao Paulo Stock Exchange ended 1.19 percent higher at 64,320.56 after seesawing below the break-even mark for much of the session. The index mirrored th
Published 11 Nov, 2007 12:00am
Emerging debt market tracks US equities weakness

Emerging debt market tracks US equities weakness

Emerging sovereign debt markets weakened on Friday in line with falling US stock indexes and the US dollar as investors maintained cautious positions in riskier assets due to heightened credit market concerns. A rally in US Treasuries, illustrating an inv
Published 11 Nov, 2007 12:00am
Emerging debt market tracks US equities weakness

Emerging debt market tracks US equities weakness

Emerging sovereign debt markets weakened on Friday in line with falling US stock indexes and the US dollar as investors maintained cautious positions in riskier assets due to heightened credit market concerns. A rally in US Treasuries, illustrating an inv
Published 11 Nov, 2007 12:00am
US corporate bonds worsen

US corporate bonds worsen

The US corporate bond market worsened on Friday as investors continued to fret over further potential losses at Wall Street banks and brokers hurt by risky mortgage investments.
Published 11 Nov, 2007 12:00am
US corporate bonds worsen

US corporate bonds worsen

The US corporate bond market worsened on Friday as investors continued to fret over further potential losses at Wall Street banks and brokers hurt by risky mortgage investments.
Published 11 Nov, 2007 12:00am
US Treasuries rally

US Treasuries rally

US government debt prices rallied on Friday, pushing benchmark yields to their lowest in more than two years as heightened credit concerns unleashed a fresh wave of safe-haven bids for Treasuries. Worries about the subprime debt fallout intensified after
Published 11 Nov, 2007 12:00am
US Treasuries rally

US Treasuries rally

US government debt prices rallied on Friday, pushing benchmark yields to their lowest in more than two years as heightened credit concerns unleashed a fresh wave of safe-haven bids for Treasuries. Worries about the subprime debt fallout intensified after
Published 11 Nov, 2007 12:00am
VisionChina Media files for $100 million IPO

VisionChina Media files for $100 million IPO

VisionChina Media Inc filed with US regulators on Friday to raise up to $100 million in an initial public offering of American depository shares. The Chinese company said in a registration statement with the US Securities and Exchange Commission that Cred
Published 11 Nov, 2007 12:00am
Och-Ziff public debut may be tough sell

Och-Ziff public debut may be tough sell

US hedge fund operator Och-Ziff, which plans to raise about $1.1 billion in an initial public offering next week, could face a tough reception when it floats shares on Tuesday.
Published 11 Nov, 2007 12:00am
European Stocks: banks to set tone for beaten-down markets

European Stocks: banks to set tone for beaten-down markets

Bruised European equities investors will look closely at a handful of banks' earnings next week, seeking signs of respite for a sector littered with losses linked to a crunch in credit markets. Inflation indicators from both the US and UK should also prov
Published 11 Nov, 2007 12:00am
Mexican stocks hit by US credit jitters

Mexican stocks hit by US credit jitters

Mexico's stocks fell on Friday after the United States' fourth-largest bank said it took a big hit from credit losses, fanning worries about the health of the US economy. The benchmark IPC stock index dropped 0.45 percent to 29,158.86, also hurt by a stif
Published 11 Nov, 2007 12:00am
Chile stocks close lower for second week

Chile stocks close lower for second week

Chilean stock indexes extended declines for a second week on Friday, amid continued uncertainty about US markets. The all-market IGPA stock index edged down 0.13 percent to 14,566.28 points, while the trade-weighted blue chip IPSA index fell 0.32 percent
Published 11 Nov, 2007 12:00am
Toronto stocks dive as credit fears rattle

Toronto stocks dive as credit fears rattle

The Toronto Stock Exchange's main index ended the week sharply lower on Friday in an across-the-board fall as worries over more credit losses in the United States continued to inject pessimism into the market. The session extended the week's declines in w
Published 11 Nov, 2007 12:00am
Canadian bond prices surge

Canadian bond prices surge

The Canadian bond prices rallied on Friday along with the larger US market as a race out of equities benefited bonds while investors sought the safety of government debt amid warnings of losses at financial institutions.
Published 11 Nov, 2007 12:00am
Canadian bond prices surge

Canadian bond prices surge

The Canadian bond prices rallied on Friday along with the larger US market as a race out of equities benefited bonds while investors sought the safety of government debt amid warnings of losses at financial institutions.
Published 11 Nov, 2007 12:00am
Argentine stocks end with big gains

Argentine stocks end with big gains

Argentine stocks closed with big gains on Friday, as telephone firm Telecom rose after higher-than-expected earnings, and Brazil's state energy company Petrobras got a boost from an oil find, traders said. The MerVal index of 25 leading stocks ended up 2.
Published 11 Nov, 2007 12:00am
Wall Street sinks for third day

Wall Street sinks for third day

US stocks fell for a third session on Friday after a disappointing outlook from Qualcomm Inc triggered more weakness in technology shares and helped send the Nasdaq down to its biggest weekly point loss since the September 11, 2001, attacks.
Published 11 Nov, 2007 12:00am
New Zealand dollar steady

New Zealand dollar steady

The New Zealand dollar held below recent highs on Friday as its high yield helped to offset investor caution and risk aversion over conditions in global credit markets. The kiwi settled just below $0.7800 after a volatile previous 24 hours, which had seen
Published 11 Nov, 2007 12:00am
Forex outlook: dollar set to fall further in week ahead

Forex outlook: dollar set to fall further in week ahead

Things are not likely to get any easier for the dollar in the week ahead, as fear of more credit-related losses on Wall Street keeps investors anxious about the health of the US economy. Data on consumer spending, housing sales and inflation should help i
Published 11 Nov, 2007 12:00am
Yen surges as investors shy away from risk

Yen surges as investors shy away from risk

The Japanese yen hit a 1-1/2 year high against the dollar on Friday as fears of wider credit-related losses at US financial firms dulled investors' appetite for risk, causing an unwinding of carry trades.
Published 11 Nov, 2007 12:00am
IMM net short dollar position at 2007 high

IMM net short dollar position at 2007 high

Currency speculators increased their bets against the US dollar in the week to Tuesday to the highest of the year, data from the Commodity Futures Trading Commission showed on Friday. The value of the net short position in the US dollar among traders in t
Published 11 Nov, 2007 12:00am
Won cuts gains

Won cuts gains

The South Korean won gave up most of its earlier gains against the dollar by late Friday as heavy foreign sales of Seoul shares prompted traders to price in higher selling pressure on the local currency next week. The won ended local trade at 906.5/7.1 pe
Published 11 Nov, 2007 12:00am
Taiwan dollar hits 11-month peak

Taiwan dollar hits 11-month peak

The Taiwan dollar strengthened on Friday, hitting an 11-month high, as expectations of another US interest rate cut pressured the US dollar in global markets. Rising inflationary pressures in Taiwan boosted expectations of a rate rise next month, lifting
Published 11 Nov, 2007 12:00am
Ten-man Bayern defeated by Stuttgart

Ten-man Bayern defeated by Stuttgart

Ten-man Bayern Munich crashed to their first defeat of the season as they were humbled 3-1 by defending Bundesliga champions VfB Stuttgart on Saturday, but keep their place at the top of the table.
Published 11 Nov, 2007 12:00am
Federer aims to stop rot at Masters

Federer aims to stop rot at Masters

World number one Roger Federer will aim to put an unusually patchy season behind him with victory number four at the elite Masters Cup starting on Sunday. The defending champion, smarting from two rare defeats in the past month, signalled his determinatio
Published 11 Nov, 2007 12:00am
Henin to meet Sharapova

Henin to meet Sharapova

Justin Henin remained on course for a successful defence of her WTA Championships crown when she secured her place in the final against Maria Sharapova with a spectacular 6-4 6-4 victory over Ana Ivanovic on Saturday.
Published 11 Nov, 2007 12:00am
Sharapova reaches WTA final

Sharapova reaches WTA final

Maria Sharapova claimed her place in her second WTA Championships final on Saturday with an emphatic 6-2 6-2 win over fellow Russian Anna Chakvetadze at the Madrid Arena. Sharapova, who won the prestigious end-of-season tournament in 2004, will meet eithe
Published 11 Nov, 2007 12:00am
Sri Lanka to follow-on

Sri Lanka to follow-on

Australia's new era continued to look much like their old one as they dominated mercilessly at the Gabba for a third day of the first Test, forcing Sri Lanka to follow-on a massive 340 runs behind. The visitors then lost both openers Sanath Jayasuriya and
Published 11 Nov, 2007 12:00am
South Africa put Kiwis under the rack; Kallis reaches 9,000 runs

South Africa put Kiwis under the rack; Kallis reaches 9,000 runs

Jacques Kallis and Hashim Amla shared a triple century partnership as South Africa moved towards victory on the third day of the first Test against New Zealand at the Wanderers Stadium here on Saturday. Set to make 531 to win, New Zealand were 57 for thre
Published 11 Nov, 2007 12:00am
Saudis in Guantanamo return

Saudis in Guantanamo return

Fourteen Saudis returned to Saudi Arabia on Saturday from detention in the US prison camp at Guantanamo Bay where suspected al Qaeda militants are held, Saudi media said. Washington has returned dozens of Saudis over the past year in an effort to reduce t
Published 11 Nov, 2007 12:00am
South Korea develops laser weapons

South Korea develops laser weapons

South Korea is developing a mobile truck-mounted laser weapon capable of destroying North Korean missiles and artillery shells, a report said Saturday.
Published 11 Nov, 2007 12:00am
Britain arrests man under Secrets Act

Britain arrests man under Secrets Act

British police said on Saturday they had arrested a man under the Official Secrets Act, but declined to comment on a report he was accused of spying for Moscow. The man, in his 20s, was arrested by officers from London's Metropolitan Police in the norther
Published 11 Nov, 2007 12:00am
Death toll in Mogadishu fighting nears 60

Death toll in Mogadishu fighting nears 60

Residents found at least 17 more bodies on Saturday in Mogadishu, bringing the number of people killed to about 60 after two days of reprisal attacks by Ethiopian soldiers.
Published 11 Nov, 2007 12:00am
North Korea rebuts US uranium charges

North Korea rebuts US uranium charges

North Korea is offering the United States evidence that it never intended to produce uranium for nuclear weapons, the Washington Post reported on Saturday. Quoting unnamed South Korean and US officials, the paper said Pyongyang was granting US experts acc
Published 11 Nov, 2007 12:00am
Ten sentenced to death in Sudan for journalist murder

Ten sentenced to death in Sudan for journalist murder

Ten people were sentenced to death on Saturday in Sudan for the 2006 murder and beheading of a prominent journalist, a judicial source said. Amid tight security, a judge in the Bahri criminal court in Khartoum pronounced the verdict, which came at the end
Published 11 Nov, 2007 12:00am
17 die in gunbattle near Samarra

17 die in gunbattle near Samarra

At least 17 people were killed in clashes between al Qaeda gunmen and rival fighters near the ancient Iraqi city of Samarra, officials and villagers said on Saturday.
Published 11 Nov, 2007 12:00am
Thousands rally in Kuala Lumpur for fair polls

Thousands rally in Kuala Lumpur for fair polls

Malaysian police unleashed tear gas and water cannons on protesters on Saturday as tens of thousands defied a government ban and rallied in the capital to call for clean and fair elections.
Published 11 Nov, 2007 12:00am
Abbas to keep Arafat's path for statehood: Arafat's shrine opened

Abbas to keep Arafat's path for statehood: Arafat's shrine opened

Palestinian President Mahmoud Abbas on Saturday inaugurated a mausoleum built over Yasser Arafat's grave and vowed to continue on his iconic predecessor's path in seeking statehood. Abbas said he hoped Arafat's wish to be buried in Jerusalem could still b
Published 11 Nov, 2007 12:00am
Need stressed for public-private partnership programmes

Need stressed for public-private partnership programmes

Hamid Sultan Co-ordinator Micro Industries Development Centre has emphasised the need for Public Private Partnership (PPP) programmes for combating the rectification of grievances faced by Micro Industries like sewing machine and stressing on the higher v
Published 11 Nov, 2007 12:00am
Action against bodies for not providing jobs to disabled

Action against bodies for not providing jobs to disabled

Provincial Council for Rehabilitation of Disabled Punjab has decided to take stern action against those corporations and corporate organisations which do not provide jobs to the disabled as per allocated quota.
Published 11 Nov, 2007 12:00am
Seminar on disability prevention from November 13

Seminar on disability prevention from November 13

A seminar on "Disability Prevention, Rehabilitation and Management" would be held here on Monday. The event is being organised by National Council of Social Welfare (NCSW), Social Welfare Ministry.
Published 11 Nov, 2007 12:00am
PUJ resorts to hunger strike

PUJ resorts to hunger strike

Punjab Union of Journalists (PUJ) has staged hunger strike camp at the Lahore Press Club (LPC) here on Saturday to mark protest against the state of emergency in the country. A large number of Journalists, human rights activists and a delegation of Pakist
Published 11 Nov, 2007 12:00am
Poland is a huge market for Pakistan

Poland is a huge market for Pakistan

The 11th of November 1918 is a very special day for Poles. After a violent 123 years of partitions and uprisings, Poland's dream of independence was realised and it again emerged as a sovereign state on November 11, 1918. With its long and rich history an
Published 11 Nov, 2007 12:00am
Code of ethics

Code of ethics

Time is fast approaching when the people would be asked to elect their representatives for the National and Provincial Assemblies for the next five years. But are these polls going to he held sans any code of ethics to ensure people exercise their right o
Published 11 Nov, 2007 12:00am
Allowing such huge foreign capital in real estate is anti-people

Allowing such huge foreign capital in real estate is anti-people

When in mid 2003 after retirement, I shifted in my present 3 bed room rented flat at Dwarka, New Delhi, it used to cost Rupees 1.2 million. Because due to personal reasons I am required to stay in Delhi hence my relatives and friends advised me to purchas
Published 11 Nov, 2007 12:00am
Stalling climate change

Stalling climate change

It is good to note that Pakistan has taken a timely decision to grapple with the problem of climate change. The University of Arid Agriculture in Rawalpindi recently hosted an international workshop on "Carbon and Water Exchange in Plants Changing Climati
Published 11 Nov, 2007 12:00am
Bracing for bird flu Pandemic

Bracing for bird flu Pandemic

The death of a 30-year-old Indonesian woman of bird flu last week at Tangerang, a satellite city west of the capital, Jakarta, is reported to have taken the death toll in that worst affected country by the virus to 90. Needless to point out, it must have
Published 11 Nov, 2007 12:00am
Need stressed to redesign curriculum to produce scientists

Need stressed to redesign curriculum to produce scientists

Development in science and technology has completely changed the world and only those nations can survive honourably who make huge investment in this field, said Dr Anwar Naseem, Advisor on Science and Technology to Comstech here on Saturday.
Published 11 Nov, 2007 12:00am
Incentives to industrialists, exporters urged

Incentives to industrialists, exporters urged

Businessmen Panel leader and former President of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Iftikhar Ali Malik has urged the government to announce incentives to industrialists and exporters.
Published 11 Nov, 2007 12:00am
Trade fair in Senegal from November 21

Trade fair in Senegal from November 21

Senegal is organising a four-day trade fair of Islamic countries from November 21 to 25 at Dakar. The organisers of the fair have allowed spot sale of goods in the direct sale area and display of products in sample area. This would be the 11th trade fair
Published 11 Nov, 2007 12:00am
National Assembly body on economic affairs and statistics meets

National Assembly body on economic affairs and statistics meets

As per decision of Federal Cabinet and for efficient utilisation of available resources, timely collection of data and for further formulation of public policies, the Federal Statistical System of Pakistan should be strengthened and all the organisation i
Published 11 Nov, 2007 12:00am
Rs 94 million being spent to control malaria

Rs 94 million being spent to control malaria

The Punjab government is spending Rs 94 million on the activities to control malaria in the province under malaria control programme (MCP), Punjab Health Minister Chaudhry Muhammad Iqbal said here on Saturday.
Published 11 Nov, 2007 12:00am
'Positive development in anti-dengue vaccine research'

'Positive development in anti-dengue vaccine research'

Sanofi Pasteur, the vaccines division of the Sanofi-Aventis Group, announced on Saturday positive development in anti-dengue vaccine research for the global prevention of dengue fever. Dengue has taken the humanity with the deadly virus globally.
Published 11 Nov, 2007 12:00am
KFHA meeting on November 12

KFHA meeting on November 12

Advisor to chief minister on fisheries and chairman Karachi Fish Harbour Authority (KFHA) Faqir Jaddam Mangrio has convened a meeting on November 12, 2007, to discuss issues relating to fishing ban. All the stakeholders of fisheries sector including seafo
Published 11 Nov, 2007 12:00am
Bomb blast at Amir Muqam's house condemned

Bomb blast at Amir Muqam's house condemned

Speaker National Assembly Chaudhry Amir Hussain and Deputy Speaker Sardar Muhammad Yaqub have condemned bomb blast at the house of Minister for Political Affairs Amir Muqam. In their separate message to Amir Maqam, they expressed grief over the suicide at
Published 11 Nov, 2007 12:00am
Four bridges in AJK repaired

Four bridges in AJK repaired

Four damaged bridges on Jhelum Road have been repaired and inaugurated at a public ceremony held on Saturday at Subri bridge, near Muzzarafabad, Azad Kashmir. These Kashmir bridges were badly damaged during the devastating earthquake of October 2005. Four
Published 11 Nov, 2007 12:00am
Former MPA succumbs to injuries

Former MPA succumbs to injuries

Former NWFP assembly member Pir Muhammad Khan Saturday succumbed to injuries here in a local hospital raising the death toll of Friday's suicide bomb attack on the residence of Federal Minister for Political Affairs Amir Muqaam to five.
Published 11 Nov, 2007 12:00am
LPG prices rise in interior Sindh

LPG prices rise in interior Sindh

The liquefied petroleum gas (LPG) is being sold on inflated rates in interior Sindh, creating a lot of problems for consumers. According to reports, transporters, traders and citizens have complained that they are forced to purchase LPG at the rate of Rs
Published 11 Nov, 2007 12:00am
'Justice Corners' set up at KPC

'Justice Corners' set up at KPC

In order to express solidarity with the judges who did not take oath under PCO, Jamaat-i-Islami (JI) and Muttahida Majlis-i-Amal (MMA) have set up 'Justice Corners' at the main gate of Karachi Press Club (KPC) and Submarine Chowragni in Delhi Colony Karac
Published 11 Nov, 2007 12:00am
Jemima leads London protest

Jemima leads London protest

Hundreds of protestors led by the ex-wife of Pakistani cricketer-turned-politician Imran Khan staged a demonstration outside the Downing Street office of premier Gordon Brown on Saturday. Jemima Khan, who was divorced from Imran in 2004, also delivered a
Published 11 Nov, 2007 12:00am
Rs six million granted for repair of Wahab Shah shrine

Rs six million granted for repair of Wahab Shah shrine

The District Nazim Hyderabad Kanwar Naveed Jamil has announced a grant of Rs 6 million for repair and renovation of the shrine of Hazrat Shaikh Abdul Wahab Shah Jilani (RA) the District Government would consider the release of more grant for the purpose i
Published 11 Nov, 2007 12:00am
Ikebana competition, exhibition held

Ikebana competition, exhibition held

An Ikebana competition and exhibition was organised on Saturday at the Japan Cultural Centre of the Consulate General of Japan Karachi. The event was held under the joint auspices of the Pakistan-Japan Cultural Association (PCJA), Sindh, and the Japan Cul
Published 11 Nov, 2007 12:00am
HBL launches performance management system

HBL launches performance management system

In an effort to improve the performance evaluation process, Habib Bank Limited (HBL), one of the oldest yet one of the most progressive banks of the nation, has launched the Performance Management System (PMS) 2007 for its employees. Through the Performan
Published 11 Nov, 2007 12:00am
Drive against illegal hydrants launched

Drive against illegal hydrants launched

Karachi Water and Sewerage Board (KWSB) has started its campaign against illegal hydrants, which will continue till their total elimination. The drive was launched by Additional Vice-Chairman KWSB, Mohammed Moeen Khan, MPA, on the directive of City Nazim
Published 11 Nov, 2007 12:00am
EOBI and NBP sign agreement

EOBI and NBP sign agreement

The Employees Old Age Benefit Institutions (EOBI) and National Bank of Pakistan (NBP) have entered into an agreement for payment of pension to lacs of registered old age, handicap employees, their widows, orphans or old parents.
Published 11 Nov, 2007 12:00am
Implementation of clean air laws urged

Implementation of clean air laws urged

"Strict measures should be taken for the implementation of Clean Air Laws in the country," said Professor Javaid Khan, Head of Section of Pulmonology and Critical Care Medicine at Aga Khan University Hospital (AKUH). He was speaking at a programme organis
Published 11 Nov, 2007 12:00am
38 uplift projects costing Rs 239.021 million approved

38 uplift projects costing Rs 239.021 million approved

The district development committee (DDC) Hyderabad approved 38 different uplift schemes costing Rs 239.021 million under various development programmes. The DDC meeting held here on Saturday with District Co-ordination Officer Aftab Ahmed Khatri in the ch
Published 11 Nov, 2007 12:00am
DHL receives 'Brand of the Year Award'

DHL receives 'Brand of the Year Award'

The DHL, world's leading express and Logistics Company has been honoured with the "Brand of the year Award' for 2006-2007 in the category of Courier International. The coveted award ceremony, officially endorsed by the PSQSA & FPCCI, was held at the Prime
Published 11 Nov, 2007 12:00am
'President's decision regarding polls not under any pressure'

'President's decision regarding polls not under any pressure'

Pakistan's Ambassador to United States Mehmood Ali Durrani on Saturday said President General Pervez Musharraf's decision regarding elections and uniform was not under any pressure, terming it as 'well-considered and deliberated.'
Published 11 Nov, 2007 12:00am
Diplomats show mixed reaction to emergency

Diplomats show mixed reaction to emergency

Diplomats based in Karachi have shown mixed reaction towards the imposition of emergency and political changes under the provisional constitutional order and evaluated the situation as 'discouraging for foreign investment'.
Published 11 Nov, 2007 12:00am
US and Canadian ambassadors call on Sherpao

US and Canadian ambassadors call on Sherpao

United States Ambassador Anne Patterson and Canadian High Commissioner David B. Collins separately called on Interior Minister Aftab Ahmed Khan Sherpao here on Saturday. Officials said the diplomats discussed matters of mutual interest with the minister.
Published 11 Nov, 2007 12:00am
'Government's top priority to uplift less developed areas'

'Government's top priority to uplift less developed areas'

The Speaker National Assembly Chaudhry Amir Hussain has said that government is attaching top priority for the welfare of the masses and using huge funds on reducing poverty, unemployment and vanishing backwardness from the country. The government has alr
Published 11 Nov, 2007 12:00am
Kasur education complex project far behind schedule

Kasur education complex project far behind schedule

The construction work on the Education Complex project which started one and a half years ago is incomplete yet. In fact, it has been stalled for the past seven months as the contractor has abandoned the work owing to what he alleges 'corrupt practices' o
Published 11 Nov, 2007 12:00am
Teacher-parents ties for visionary generations urged

Teacher-parents ties for visionary generations urged

City District Government Lahore Nazim Mian Amer Mahmood has said that 7,000 new class rooms and teachers are required to provide standard education to all children of the city. He expressed these view while addressing an award giving ceremony conducted fo
Published 11 Nov, 2007 12:00am
Call for imparting modern training to teachers

Call for imparting modern training to teachers

Provincial Minister for Education Mian Imran Masood has said that quality education is not possible without imparting modern training to the teachers and the government will promote teachers training programme with the collaboration of private sector.
Published 11 Nov, 2007 12:00am
Pakistan Marine Academy transferred to HEC

Pakistan Marine Academy transferred to HEC

The Pakistan Marine Academy (PMA) was formally transferred to the Higher Education Commission (HEC). The function was presided over by HEC Member (Operation and Planning) Professor Dr Mukhtar Ahmed Member.
Published 11 Nov, 2007 12:00am
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