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Nov 18, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2007-12-08
Dollar edges up versus euro

Dollar edges up versus euro

The dollar edged up against the euro on Friday as market players squared positions before the US jobs report later in the day, looking for clues on the magnitude of an expected Federal Reserve interest rate cut next week.
Published 08 Dec, 2007 12:00am
Euro up on hawkish Trichet; yen trips

Euro up on hawkish Trichet; yen trips

The euro rose against the dollar and yen on Thursday as European Central Bank President Jean-Claude Trichet's hawkish comments on inflation raised the specter of an interest rate hike in the euro zone.
Published 08 Dec, 2007 12:00am
Australian dollar edges up

Australian dollar edges up

The Australian dollar was modestly firmer on Friday as a rally in equities encouraged risk-taking, though the mood could turn ugly in an instant depending on US jobs data later in the day. The Aussie firmed to $0.8773, from $0.8729 late here on Thursday,
Published 08 Dec, 2007 12:00am
Asian high-yield currencies rise

Asian high-yield currencies rise

Asian high-yield currencies rallied on Friday as risk appetite improved and stocks rose on a US plan to slow home loan foreclosures to try to cushion the economy from a housing downturn.
Published 08 Dec, 2007 12:00am
Swiss franc falls

Swiss franc falls

The Swiss franc fell against the dollar and euro on Friday as investors grew more confident about taking on risk, as fears about a US recession eased and European equity markets were expected to open higher. "We see a stronger euro and dollar versus the S
Published 08 Dec, 2007 12:00am
FA deny infighting over England manager job

FA deny infighting over England manager job

The Football Association on Friday dismissed suggestions of a rift between FA bosses Brian Barwick and Sir Trevor Brooking over the right candidate for the England coaching job. FA chief executive Barwick and director of football development Brooking have
Published 08 Dec, 2007 12:00am
Maldini hopes Ronaldo recovers for Club World Cup

Maldini hopes Ronaldo recovers for Club World Cup

AC Milan captain Paolo Maldini has expressed hope that injury-hit Brazilian striker Ronaldo will be ready for the team's opening match in the Club World Cup next Thursday. "I feel sorry and concerned that a player like Ronaldo, who has experienced many wo
Published 08 Dec, 2007 12:00am
Saudi training camp for Manchester United

Saudi training camp for Manchester United

Sir Alex Ferguson will take his Manchester United squad to Saudi Arabia for a training camp and exhibition match in mid-January, the club announced on Friday. The English champions will be guests of Prince Abdullah bin Mosaad bin Abdulaziz al-Saud and wil
Published 08 Dec, 2007 12:00am
West Indies sweep series

West Indies sweep series

Half-centuries by Runako Morton and Marlon Samuels guided West Indies to a one-day series win over Zimbabwe at Bulawayo on Friday. West Indies won the fourth match by five wickets to take an unbeatable 3-1 lead in the five-match series.
Published 08 Dec, 2007 12:00am
Tendulkar doubtful for final Test

Tendulkar doubtful for final Test

India batsman Sachin Tendulkar is doubtful for the final Test against Pakistan starting on Saturday due to a knee injury. "Sachin, while fielding in the Kolkata test, aggravated a knee problem from the ODI series," India captain Anil Kumble told a news co
Published 08 Dec, 2007 12:00am
Russia gives new Kosovo warning

Russia gives new Kosovo warning

Russian Foreign Minister Sergei Lavrov warned on Friday that any solution on Kosovo's future that is not within a UN framework would take Europe on a "slippery downward slope" to instability. "Anybody who goes in contravention of this is on a very slipper
Published 08 Dec, 2007 12:00am
Tanker leaks oil after collision off South Korea coast

Tanker leaks oil after collision off South Korea coast

A large oil tanker gushed thousands of tonnes of oil into the sea near one of South Korea's most scenic coastlines after being hit by a barge, South Korea's maritime ministry said on Friday.
Published 08 Dec, 2007 12:00am
Britain to cut translations to boost English

Britain to cut translations to boost English

The British government called Friday for a cut in the amount of translation of public information and signs into foreign languages, to help boost use of English among immigrants and migrant workers.
Published 08 Dec, 2007 12:00am
Kenya's opposition widens poll lead

Kenya's opposition widens poll lead

Kenyan opposition leader Raila Odinga widened his lead over President Mwai Kibaki in a batch of opinion polls published on Friday three weeks before an election shaping up to be the east African nation's closest ever.
Published 08 Dec, 2007 12:00am
Front-line AIDS drugs show staying power

Front-line AIDS drugs show staying power

Standard triple-drug treatment for HIV provides long-term protection against the development of full-blown AIDS, according to a study released Friday. But when this front-line therapy fails, HIV-infected people in poorer nations could find themselves near
Published 08 Dec, 2007 12:00am
Loans to Bangladesh cyclone survivors written off

Loans to Bangladesh cyclone survivors written off

Thousands of cyclone survivors in Bangladesh are to have their small loans written off after one of the country's biggest lenders put up 14.5 million dollars to cancel the debts. Microfinance - tiny loans given to the very poor to help them start small bu
Published 08 Dec, 2007 12:00am
Action sought on Darfur, Mugabe at EU-Africa summit

Action sought on Darfur, Mugabe at EU-Africa summit

Human rights groups urged European and African leaders gathering for their first summit in seven years on Friday to act on Sudan's Darfur crisis and confront Zimbabwe's Robert Mugabe over rights abuses.
Published 08 Dec, 2007 12:00am
Gaddafi slams 'dictatorship' of UNSC

Gaddafi slams 'dictatorship' of UNSC

Libyan leader Muammar Gaddafi, visiting Europe after decades of ostracism by the West, on Friday condemned the "dictatorship" of the UN Security Council which he blamed for terrorism and world tensions.
Published 08 Dec, 2007 12:00am
Lebanon presidential vote delayed to Tuesday

Lebanon presidential vote delayed to Tuesday

Lebanon's presidential election was postponed again on Friday, despite rival leaders' agreement in principle to give the post to army chief Michel Suleiman in a step that would ease the country's deep political crisis.
Published 08 Dec, 2007 12:00am
US names seven Iraqis backing insurgency

US names seven Iraqis backing insurgency

The Treasury Department on Thursday put seven people it said were backing the Iraqi insurgency from Syria on a list that forbids US citizens from having any dealings with them.
Published 08 Dec, 2007 12:00am
Bombers including woman suicide attacker kill 26 in Iraq

Bombers including woman suicide attacker kill 26 in Iraq

A woman wearing a vest packed with explosives killed 16 people and a suicide car bomb killed 10 in Iraq on Friday, in attacks aimed at units helping US forces fight al Qaeda. Police said 27 people were wounded in the first attack, when the female suicide
Published 08 Dec, 2007 12:00am
Russia wants nuclear parity with US

Russia wants nuclear parity with US

First Deputy Prime Minister Sergei Ivanov, tipped by some analysts as a possible successor to President Vladimir Putin, said on Friday Russia must achieve nuclear arms parity with the United States. "Military potential, to say nothing of nuclear potential
Published 08 Dec, 2007 12:00am
Nato nations pledge tough Kosovo force

Nato nations pledge tough Kosovo force

Nato ministers pledged on Friday to keep their KFOR peace force in Kosovo at current strength as the Serbian province heads towards independence and to make more troops available as necessary to deal with any violence.
Published 08 Dec, 2007 12:00am
CIA destroyed videotapes of al Qaeda interrogation: Hayden

CIA destroyed videotapes of al Qaeda interrogation: Hayden

The CIA admitted Friday it destroyed videotapes of the interrogation of al Qaeda operatives in 2005, defending the controversial move as necessary to protect CIA staff. Central Intelligence Agency Chief General Michael Hayden made the admission as US medi
Published 08 Dec, 2007 12:00am
Rice criticises Israel's settlement expansion plan

Rice criticises Israel's settlement expansion plan

US Secretary of State Condoleezza Rice criticised on Friday an Israeli decision to expand a Jewish settlement in east Jerusalem. Referring to last week's Annapolis Middle East peace conference, Rice told a press conference in Brussels, "I made it clear th
Published 08 Dec, 2007 12:00am
Rice vows to pursue UN sanctions against Iran

Rice vows to pursue UN sanctions against Iran

US Secretary of State Condoleezza Rice vowed on Friday to pursue UN sanctions against Iran and keep pressure on the Islamic republic to suspend uranium enrichment. "We're going to continue on the UN Security Council track," Rice told reporters after talks
Published 08 Dec, 2007 12:00am
Strong quake strikes near Bali climate conference: officials

Strong quake strikes near Bali climate conference: officials

A 5.9-magnitude earthquake struck off Indonesia's Bali on Friday, officials said, and it was strongly felt at a UN climate conference in the resort island. The earthquake, which hit at 17:45 pm (1035 GMT), struck 261 kilometres south-west of the Bali reso
Published 08 Dec, 2007 12:00am
Greenhouse gas cap for poor unlikely at Bali talks

Greenhouse gas cap for poor unlikely at Bali talks

The chance that developing countries would accept firm emissions-cutting targets receded on Friday, as UN-led talks to launch negotiations on a climate pact to succeed the Kyoto Protocol inched forwards.
Published 08 Dec, 2007 12:00am
More talks needed on North Korea nuclear inventory: US

More talks needed on North Korea nuclear inventory: US

North Korea is making progress on disabling its nuclear facilities but more talks are needed to complete an inventory of its atomic arms programmes, a senior US diplomat said on Friday.
Published 08 Dec, 2007 12:00am
Bush under fire over Iran claims

Bush under fire over Iran claims

The White House on Thursday struggled to defend the dire warnings about Iran made by US President George W. Bush even after he had learned that Tehran had likely frozen its atomic weapons program in 2003.
Published 08 Dec, 2007 12:00am
Indian rupee climbs

Indian rupee climbs

The Indian rupee climbed on Friday buoyed by a single sale of dollars by a private equity firm in a deal estimated at around $500 million, though suspected central bank intervention limited gains, dealers said.
Published 08 Dec, 2007 12:00am
Sterling weakens

Sterling weakens

Sterling fell slightly versus the euro on Friday and ended the week down versus the dollar as an interest rate cut from the Bank of England and weak economic data led investors to pare back positions in the currency.
Published 08 Dec, 2007 12:00am
Dollar steadies in London

Dollar steadies in London

The dollar was steady versus a basket of currencies on Friday as market players squared positions before the US jobs report later in the day, looking for clues on the size of an expected Federal Reserve rate cut next week.
Published 08 Dec, 2007 12:00am
Credit spreads move firmly

Credit spreads move firmly

European credit spreads tightened on Friday, supported by US employment data and a plan to rescue homeowners, but the rally was limited as banks used the market to hedge loan exposures going into year-end.
Published 08 Dec, 2007 12:00am
Credit spreads move firmly

Credit spreads move firmly

European credit spreads tightened on Friday, supported by US employment data and a plan to rescue homeowners, but the rally was limited as banks used the market to hedge loan exposures going into year-end.
Published 08 Dec, 2007 12:00am
Malaysian shares down

Malaysian shares down

Malaysian share prices closed down 0.4 percent on Friday as investors sold off selected blue chips after the key index hit fresh records three times earlier this week, dealers said. They said downbeat performances in some regional markets also prompted se
Published 08 Dec, 2007 12:00am
US Stocks: Friday's midday trade

US Stocks: Friday's midday trade

US stocks were little changed on Friday after a government report showed job growth slowed last month as forecast, leaving expectations for a modest Federal Reserve interest-rate cut intact. Shares of American Express and Capital One Financial were among
Published 08 Dec, 2007 12:00am
Britain's top share index springs back after US data

Britain's top share index springs back after US data

Britain's leading shares held onto earlier gains on Friday as banks felt the benefit of an interest rate cut, miners rose thanks to consolidation talk and US jobs data gave an additional lift. The FTSE 100 index was up 69.3 points, or 1.1 percent at 6,554
Published 08 Dec, 2007 12:00am
Surge in power capacity to raise Indian copper appetite

Surge in power capacity to raise Indian copper appetite

Burdened by rolling blackouts and industrial power shortages, India is bent on expanding its power capacity, potentially boosting copper demand sharply and reviving global interest in the metal.
Published 08 Dec, 2007 12:00am
London coffee and sugar up; cocoa down

London coffee and sugar up; cocoa down

London cocoa futures finished slightly down on Friday as the market sought to consolidate after a sharp rise this week to a 4-month high, dealers said. Robusta coffee futures ended higher on speculative buying as the market continued to claw back losses e
Published 08 Dec, 2007 12:00am
Oil slides two percent on US economic concerns

Oil slides two percent on US economic concerns

Oil fell 2 percent on Friday to below $88 a barrel, resuming a steep slide spurred by rising worries about the health of the US economy. Oil prices have dropped about 12 percent since the record $99.29 hit November 21 in extremely volatile activity as dea
Published 08 Dec, 2007 12:00am
South African sugar production back to normal

South African sugar production back to normal

South African sugar production is expected to recover to normal levels during the 2007-08 season after falling to a ten-year low in the previous season, an industry official said on Friday.
Published 08 Dec, 2007 12:00am
New York cotton futures higher

New York cotton futures higher

Cotton futures finished higher on Friday on late speculative fund buying as most players sat back to wait for release of a government crop report next week, brokers said. ICE Futures open-outcry March cotton contract surged 0.77 cent to close at 64.55 cen
Published 08 Dec, 2007 12:00am
US grain stocks to keep declining

US grain stocks to keep declining

Grain and soybean supplies in the United States will keep shrinking next year as the value of the US dollar stays low, giving overseas customers an opportunity to snap up bargain food and feed in addition to root stock for the growing biofuels industry, a
Published 08 Dec, 2007 12:00am
Copper rises to highest level in a week

Copper rises to highest level in a week

Copper rose to its highest in a week on Friday, lifted by falling inventories and Shanghai and Chinese buying, while US jobs data had marginal impact. Although the data came in slightly better than expectations, it made little impression on the metals mar
Published 08 Dec, 2007 12:00am
Gold retreats in London

Gold retreats in London

Gold fell on Friday as oil softened and investors fretted that strong US jobs data had reduced chances for US interest rates to be cut by more than 25 basis points next week. Spot gold dropped to $794.30/795.30 a troy ounce at 1556 GMT, compared with $803
Published 08 Dec, 2007 12:00am
US MIDDAY: cocoa down, coffee up

US MIDDAY: cocoa down, coffee up

New York cocoa was lower in early trade on Friday on speculative and trade selling, while coffee was a tad up, traders said. "There's some fund-to-fund action, some fresh buying continuing to support the price while the smaller specs and some in the trade
Published 08 Dec, 2007 12:00am
US MIDDAY: sugar rises

US MIDDAY: sugar rises

Raw sugar futures were firmer in early business Friday on investment fund buying but producers sold the advance when the spot month edged close to the psychological 10 cents level, brokers said.
Published 08 Dec, 2007 12:00am
US MIDDAY: wheat climbs

US MIDDAY: wheat climbs

Soft red winter wheat futures on the Chicago Board of Trade soared 2 percent early on Friday as global wheat stocks continue shrink and the demand for wheat remains strong, traders said.
Published 08 Dec, 2007 12:00am
US MIDDAY: corn higher

US MIDDAY: corn higher

Corn futures at the Chicago Board of Trade were higher by midday on Friday, supported by the strength in wheat and soyabeans, traders said. But corn was the lager of the floor, compared to the red-hot wheat and soyabeans markets.
Published 08 Dec, 2007 12:00am
US MIDDAY: soyabeans soar to 34-year high

US MIDDAY: soyabeans soar to 34-year high

Soyabean futures at the Chicago Board of Trade soared Friday to a 34-year high in a spot contract amid spillover buying from soyameal, traders said. January soyabeans rose 17-1/4 cents to $11.16 a bushel - the highest price for a spot contract since the s
Published 08 Dec, 2007 12:00am
US MIDDAY: copper firms

US MIDDAY: copper firms

US copper futures held near their session highs early on Friday, following a sharp rise in London prices on another large drop in visible warehouse supplies in China, while in-line US jobs data was taken in stride, brokers said.
Published 08 Dec, 2007 12:00am
US MIDDAY: gold plummets

US MIDDAY: gold plummets

New York gold futures fell sharply early on Friday as crude oil prices tumbled and after a robust US jobs report lowered the chance of a large cut in key interest rates by the Federal Reserve next week.
Published 08 Dec, 2007 12:00am
NWFP bans postings and transfers

NWFP bans postings and transfers

The caretaker Chief Minister, NWFP, Shamsul Mulk has directed that all postings and transfers in the province shall be banned in view of the Election Commission's instructions.
Published 08 Dec, 2007 12:00am
Special children institute to be established

Special children institute to be established

NWFP Caretaker Chief Minister Shams-ul-Mulk has said that a comprehensive institute would be established for special children where all facilities including higher education up to Ph.D. would be provided 100 percent free of cost to them.
Published 08 Dec, 2007 12:00am
TV channels

TV channels

While respecting the stand taken by Geo team of not bowing down to government pressure, one would have to look into the fact about the channels who decided to go on air after signing the much trumpeted Code of Conduct.
Published 08 Dec, 2007 12:00am
'How to deal with foreign envoys'

'How to deal with foreign envoys'

When persons representing other countries and governments ask questions about our domestic politics some of us go into the inferiority complex mode almost instantly. Then they either start to sulk believing that we have been insulted or they begin to fume
Published 08 Dec, 2007 12:00am
Oath to defend judiciary

Oath to defend judiciary

As political parties devise various stratagems to win the January 8 elections, including release of mesmerising manifestoes by some, the issue of reinstatement of deposed judges is being shifted to the back burner.
Published 08 Dec, 2007 12:00am
Suspension of key uplift projects in Sindh

Suspension of key uplift projects in Sindh

In a double-edged initiative that can cut either way, release of funds for foreign-funded development schemes in three key sectors of Sindh, ie education, agriculture and irrigation, has been stopped, apparently to monitor implementation status of the ong
Published 08 Dec, 2007 12:00am
Election tribunals

Election tribunals

Up to 60 candidates have approached election tribunals in the Lahore High Court to decide their appeals against returning officers. Talib Nakai, son of former Punjab chief minister Arif Nakai, and Jabbran Khan, son of former federal minister Nasir Khan, h
Published 08 Dec, 2007 12:00am
Former minister allowed to contest election

Former minister allowed to contest election

An election tribunal accepting an appeal by former federal minister Nasir Khan has allowed him to contest the election from NA-122. A returning officer had rejected his nomination papers because the former minister claimed that his degree was never equiva
Published 08 Dec, 2007 12:00am
New land policy enables private sector to invest in education

New land policy enables private sector to invest in education

The new Land Policy - February 2006 - of the Government of Sindh provided a solid platform for the private sector to invest in the education sector. This was stated by Caretaker Sindh Chief Minister, former Justice Abdul Qadir Halepoto, while talking to C
Published 08 Dec, 2007 12:00am
Security arrangements finalised in Rahim Yar Khan

Security arrangements finalised in Rahim Yar Khan

All arrangements for security during the coming elections have been finalised with district police, elite force, Punjab constabulary, civil defence, and national volunteers assigned duties by the district police officer (DPO).
Published 08 Dec, 2007 12:00am
Shahbaz Bhatti alliance to take part in election

Shahbaz Bhatti alliance to take part in election

Punjab ALL Pakistan Minorities Alliance Women Wing Coordinator Najmi Saleem has said the Quaid-e-Tehreek Shahbaz Bhatti Alliance will take part in the next election and back the Pakistan Peoples Party (PPP).
Published 08 Dec, 2007 12:00am
Pakhtun nationalist parties map out election strategy

Pakhtun nationalist parties map out election strategy

Pakhtun nationalist parties believe that despite serious differences between JUI and JI over participation in the January 8 elections, the religious alliance would contest the polls jointly for which the nationalist leaders have devised a strategy.
Published 08 Dec, 2007 12:00am
Rigged elections will cost billions to nation: Imran

Rigged elections will cost billions to nation: Imran

Participation in upcoming general elections would tantamount to bailout the dictator, providing him safe passage and legalising his illegitimate rule, said Imran Khan, Chairman, Pakistan Tehreek-e-Insaf (PTI) here on Friday.
Published 08 Dec, 2007 12:00am
Decision to participate in polls final: Fazl

Decision to participate in polls final: Fazl

Muttahida Majlis-i-Amal's decision to participate in the ensuing elections was final, as JUI workers have been asked to gear up the electioneering campaign, Secretary General MMA Maulana Fazlur Rehman said. Talking to local TV channel, he said JUI is part
Published 08 Dec, 2007 12:00am
PML-N workers stage demonstration

PML-N workers stage demonstration

Pakistan Muslim League-Nawaz (PML-N) activists demonstrated outside the Lahore Press Club here on Friday to protest the rejection of their party chief's nomination papers. Led by Vice President Shahbaz Haider, dozens of party workers, including women, gat
Published 08 Dec, 2007 12:00am
PML-N finalises list of candidates

PML-N finalises list of candidates

The parliamentary board of the Pakistan Muslim League-Nawaz (PML-N) met here on Friday with party's President Shahbaz Sharif chairing it and finalised party candidates for the upcoming general elections. Secretary General Iqbal Zafar Jhaggra said the part
Published 08 Dec, 2007 12:00am
Nomination papers rejections: Nawaz and Shahbaz approach CEC

Nomination papers rejections: Nawaz and Shahbaz approach CEC

Former prime minister Nawaz Sharif and his brother, Shahbaz Sharif, have approached Chief Elections Commissioner (CEC), former justice Qazi Muhammad Farooq, to know as to why their nomination papers, accepted for 2002 general elections, were turned down f
Published 08 Dec, 2007 12:00am
Diplomats persuade Nawaz not to boycott polls

Diplomats persuade Nawaz not to boycott polls

Diplomats from France, Spain and Sweden have met Pakistan Muslim League-Nawaz chief Nawaz Sharif at his Raiwind farm to try to stop him from boycotting the January 8 elections. His party sources said the elections topped their discussion. Sharif told the
Published 08 Dec, 2007 12:00am
UVAS to celebrate 125th year from December 18

UVAS to celebrate 125th year from December 18

The University of Veterinary and Animal Sciences Lahore is set to celebrate its 125 years and Vice Chancellor Professor Dr Muhammad Nawaz chaired a meeting to review and finalise arrangements. A UVAS spokesman said the celebrations would begin with studen
Published 08 Dec, 2007 12:00am
Violation of section 144: case registered against over 100 lawyers

Violation of section 144: case registered against over 100 lawyers

Police have registered a case against more than 100 lawyers including President and General Secretary of District Bar Multan for violating the section 144 and attacking the police posse and thrashing a number of policemen on Thursday.
Published 08 Dec, 2007 12:00am
LHCBA continues protest against emergency, PCO

LHCBA continues protest against emergency, PCO

Lahore High Court Bar Association (LHCBA) members have continued protest against the emergency and the Provisional Constitution Order (PCO) in their hunger strike camp. All office bearers and several senior bar members also sat in the camp. Political work
Published 08 Dec, 2007 12:00am
No LPG distributors' strike: call disclaimed

No LPG distributors' strike: call disclaimed

The LPG Distributors Association Pakistan has rejected any shutter-down strike in the country, and all distributors would continue their trading on December 17, Abdul Hadi Khan, chairman of the association said.
Published 08 Dec, 2007 12:00am
Plan to promote bangle industry chalked out

Plan to promote bangle industry chalked out

The provincial labour department has chalked out a plan for providing financial support to the bangle industry to promote and enhance traditional ornament production. Sources in the labour department told Business Recorder here on Friday that the d
Published 08 Dec, 2007 12:00am
'Steps being taken to pull out textile sector from crisis'

'Steps being taken to pull out textile sector from crisis'

Federal Caretaker Minister for Commerce, Shahzada Alam has said that steps were being taken to pull out the textile sector from crisis. For the purpose government was consulting with business community, banks and other stakeholders, he added.
Published 08 Dec, 2007 12:00am
Kotri Barrage canals to be closed for maintenance

Kotri Barrage canals to be closed for maintenance

The Chief Engineer, Irrigation Kotri Barrage Hyderabad, has intimated cultivators, civic bodies and all concerned that Kotri Barrage canals will remain close with effect from December 25, 2007 till January 10, 2008 for normal inspection/maintenance and ne
Published 08 Dec, 2007 12:00am
Opposition seeks delay City Council briefed over Master Plan 2020

Opposition seeks delay City Council briefed over Master Plan 2020

The City Council on Friday put deep deliberations on Karachi Strategic Development Plan-2020 (KSDP-2020) to give legal cover to the 5th Master Plan formulated for Karachi since 1923. Opposition members, however, suggested that passage of the city-wide dev
Published 08 Dec, 2007 12:00am
'Sports activities bring moral development'

'Sports activities bring moral development'

Punjab University Vice Chancellor Dr Muhammad Arif Butt has said that sports activities promote social and moral development and provide opportunities to learn, assess and develop social competence.
Published 08 Dec, 2007 12:00am
'Competitive environment pre-requisite for innovation'

'Competitive environment pre-requisite for innovation'

The economics department of the GC University Lahore here on Friday organised a special lecture presentation of Dr Idress Khawaja of the Air University, Islamabad in the PG seminar room of the university. Addressing the participants, he said that a compet
Published 08 Dec, 2007 12:00am
Businessmen want strong, long-term policies from new government

Businessmen want strong, long-term policies from new government

What the business community wants from the new government to come in power from January 8, 2008 general elections, is long-term, consistent and independent economic and political policies free from any external influences, and strong energy policy to meet
Published 08 Dec, 2007 12:00am
Pakistan ranked 32nd among 43 markets

Pakistan ranked 32nd among 43 markets

The Visa International today released a Government ePayments Adoption Ranking (GEAR) 1 that measures the extent to which governments in 43 markets provide key payment services on electronic platforms. Pakistan was ranked 32nd among 43 markets surveyed in
Published 08 Dec, 2007 12:00am
One million books on display at NBF exhibition

One million books on display at NBF exhibition

National Book Foundation (NBF) on its annual book fair has displayed nearly one million books in different cities of all the provinces. An official of the organisation, Naeem Tariq, after an informal opening of the exhibition told Business Recorder </i
Published 08 Dec, 2007 12:00am
Sacrificial animals: CDGL decides to waive taxes, entry fees

Sacrificial animals: CDGL decides to waive taxes, entry fees

The City District Government Lahore (CDGL) has decided to waive all local taxes and entry fees for sacrificial animals for Eid-ul-Azha coming to Lahore for 15 days and this will come into effect from December 9.
Published 08 Dec, 2007 12:00am
Railways new labour contract suspended

Railways new labour contract suspended

Railway minister Mansoor Tariq on Friday suspended the new labour contract issued by the Railways authorities at the Lahore Dry Port. Soon after the government decided to suspend the new contract, Mohammad Ali Mian contacted the Lahore Customs Agents Asso
Published 08 Dec, 2007 12:00am
One-day additional wheat quota released for flour mills

One-day additional wheat quota released for flour mills

The Punjab Food department has released one-day additional wheat quota to flour mills to ensure bazaars get enough flour and ease the shortages. Department sources told Business Recorder here on Friday that mills received 1,250 metric tonnes of whe
Published 08 Dec, 2007 12:00am
NAB recovers Rs 1.80 billion during seven years

NAB recovers Rs 1.80 billion during seven years

The National Accountability Bureau (NAB) NWFP has recovered a huge amount of Rs 1.80 billion during the period from June 2000 to 20007 through convictions, plea bargains, voluntary returns and other means of recovery in the province.
Published 08 Dec, 2007 12:00am
Mainstream opposition struggles to agree on poll tactics

Mainstream opposition struggles to agree on poll tactics

Pakistan's two main opposition leaders have failed to overcome key differences preventing them forging a united front ahead of general elections in January, party officials said on Friday. Former premiers Benazir Bhutto and Nawaz Sharif will now have to m
Published 08 Dec, 2007 12:00am
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