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Nov 19, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2007-12-12
'India to weather any global slowdown'

'India to weather any global slowdown'

Any global slowdown might trim India's fast rate of economic expansion in the near term but will not threaten the government's growth target for the next five years, a senior official said on Tuesday.
Published 12 Dec, 2007 12:00am
US small business optimism at 1993 low

US small business optimism at 1993 low

Small business confidence in the US economy tumbled for the second straight month in November because of worries that economic growth will slow, a survey released on Tuesday showed. The National Federation of Independent Business said its index of small b
Published 12 Dec, 2007 12:00am
Russia not building 'state capitalism': Putin

Russia not building 'state capitalism': Putin

Russia is not going to build state capitalism with giant government-controlled corporations holding sway over the economy, President Vladimir Putin said on Tuesday. "State corporations should not monopolise Russia," said Putin after his ally and anointed
Published 12 Dec, 2007 12:00am
German investor morale drops to near 15-year low

German investor morale drops to near 15-year low

German investor sentiment deteriorated to its gloomiest level in almost 15 years in December, depressed by fears about the health of the US economy and turmoil on financial markets.
Published 12 Dec, 2007 12:00am
French unemployment confirms downward trend

French unemployment confirms downward trend

France's jobless rate fell in the third quarter, helped by faster growth, but economists cautioned that a slowdown at the end of the year could discourage firms from hiring more people.
Published 12 Dec, 2007 12:00am
China's inflation rate hits 11-year high

China's inflation rate hits 11-year high

China's annual consumer price inflation hit an 11-year high in November, with new signs that price pressures are spreading from food to the broader economy, raising the prospect of more aggressive monetary tightening.
Published 12 Dec, 2007 12:00am
Philippines shares close flat

Philippines shares close flat

Philippines share prices closed 0.1 percent lower on Tuesday as cautious investors refrained from taking positions ahead of the US Federal Reserve's decision on interest rates, dealers said. The main index lost as much as 26 points in early trading before
Published 12 Dec, 2007 12:00am
Singapore shares soar on hopes of US rate cut

Singapore shares soar on hopes of US rate cut

Singapore share prices closed 1.01 percent higher on Tuesday, in line with regional peers, on expectations another US interest rate cut could help boost the economy, dealers said. The main Straits Times Index closed up 35.95 points at 3,589.03 on volume o
Published 12 Dec, 2007 12:00am
Hong Kong shares jump on rate cut hopes

Hong Kong shares jump on rate cut hopes

Hong Kong stocks jumped on Tuesday, with local property shares leading the way ahead of a widely expected US interest rate cut, while a capital injection into struggling global financial firms fuelled buying in the likes of HSBC.
Published 12 Dec, 2007 12:00am
Wall Street buoyed by cash infusions

Wall Street buoyed by cash infusions

US stocks rose on Monday as investors welcomed cash infusions into bond insurer MBIA Inc and Swiss bank UBS as votes of confidence in the battered financial sector. The likely prospect of a Federal Reserve interest-rate cut on Tuesday added to the positiv
Published 12 Dec, 2007 12:00am
US Treasury prices fall

US Treasury prices fall

US Treasury debt prices fell on Monday after a surprise increase in pending home sales and news that a troubled bond insurer raised new capital removed some of the recent flight-to-safety bid.
Published 12 Dec, 2007 12:00am
US Treasury prices fall

US Treasury prices fall

US Treasury debt prices fell on Monday after a surprise increase in pending home sales and news that a troubled bond insurer raised new capital removed some of the recent flight-to-safety bid.
Published 12 Dec, 2007 12:00am
Indian shares up

Indian shares up

Indian share prices surged 1.81 percent to a new record close on Tuesday on hopes that the US Federal Reserve will announce a cut in interest rates later in the day, dealers said. They said banking, metal and property stocks rose on expectations that a ra
Published 12 Dec, 2007 12:00am
Malaysian shares slightly firmer

Malaysian shares slightly firmer

Malaysian shares prices closed on Tuesday 0.6 percent on higher amid hopes that the US Federal Reserves will lower interest rates after a policy meeting later in the day, dealers said. The Kuala Lumpur Composite Index (KLCI) closed up 9.03 points at 1,434
Published 12 Dec, 2007 12:00am
Jakarta share prices reach at new record high

Jakarta share prices reach at new record high

Indonesian share prices closed up 0.7 percent to reach a new record high on Tuesday, driven by buyer anticipation of an interest rate cut by the United States Federal Reserve, dealers said. The Tuesday night decision is expected to see the central bank lo
Published 12 Dec, 2007 12:00am
Nikkei share average ends above 16,000

Nikkei share average ends above 16,000

Japan's Nikkei share average ended above 16,000 on Tuesday for the first time in more than a month as fund injections into Swiss bank UBS helped ease concern over the global financial crisis. Exporters like Sony Corp gained as the dollar firmed against th
Published 12 Dec, 2007 12:00am
Taiwan stocks surge

Taiwan stocks surge

Taiwan stocks rose 0.5 percent on Tuesday, led by microchip heavyweight Taiwan Semiconductor Manufacturing Co Ltd (TSMC) after it posted solid sales for November. The main TAIEX share index was trapped in a tight range before ending up 40.30 points at 8,6
Published 12 Dec, 2007 12:00am
Thai shares close barely lower

Thai shares close barely lower

Thai share prices closed barely lower on Tuesday as investors traded cautiously ahead of the US Federal Reserve's meeting on interest rates later in the day, dealers said. They said sentiment was weighed down by a court ruling on oil giant PTT's privatisa
Published 12 Dec, 2007 12:00am
Yuan ends near high

Yuan ends near high

The yuan closed up against the dollar on Tuesday, strengthening as much as 0.25 percent in intraday trade to hit a post-revaluation high of 7.3770 to the dollar, after the Chinese central bank set a strong mid-point ahead of trade talks between China and
Published 12 Dec, 2007 12:00am
Dollar holds near one-month high

Dollar holds near one-month high

The dollar held near a one-month high against the yen on Tuesday as expectations for an aggressive interest rate cut later in the day by the Federal Reserve waned following solid US economic data. The Fed is widely seen cutting overnight rates by a quarte
Published 12 Dec, 2007 12:00am
Dollar slides

Dollar slides

The dollar slipped against most major currencies on Monday for the third consecutive session, a day ahead of a widely expected Federal Reserve interest-rate cut aimed at staving off a recession. Futures fully reflect a quarter-percentage-point easing in t
Published 12 Dec, 2007 12:00am
Australian dollar at two-week high

Australian dollar at two-week high

The Australian dollar rose to its highest in two weeks against a weak US currency on Tuesday, ahead of a widely expected interest rate cut by the Federal Reserve and as risk aversion took a breather.
Published 12 Dec, 2007 12:00am
Bangladesh interbank forex, interest rates

Bangladesh interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Tuesday. 68.60/68.61 (previous 68.61/68.61). Call Money Rates: 6.50-12.00 percent (previous 6.50-10.00 percent.
Published 12 Dec, 2007 12:00am
Asian currencies: peso 7-1/2-year up

Asian currencies: peso 7-1/2-year up

The Philippine peso hit a fresh 7-1/2-year peak, the Malaysian ringgit rose to a decade high and other Asian currencies rallied on Tuesday, buoyed by the yuan's gains after Chinese inflation jumped to an 11-year record.
Published 12 Dec, 2007 12:00am
Swiss franc stronger

Swiss franc stronger

The Swiss franc eased against the euro but strengthened against the dollar on Tuesday ahead of a key interest rate decision by the US Federal Reserve later on Tuesday and a Swiss National Bank rate decision on Thursday.
Published 12 Dec, 2007 12:00am
Capello's son drops England hint

Capello's son drops England hint

Fabio Capello's son, who is also his agent, has indicated his father would be interested in becoming the new England manager although neither of them have yet to hear from the Football Association. Capello became the bookmakers' favourite after Portuguese
Published 12 Dec, 2007 12:00am
Asif recovering after successful surgery

Asif recovering after successful surgery

Pakistani pacer Mohammad Asif has undergone successful keyhole surgery in Australia to fix a chronic elbow problem that forced him to miss the ongoing series in India. A Pakistan cricket Board official said the surgery was carried out by a well known Aust
Published 12 Dec, 2007 12:00am
Boje denies link to 2000 match-fixing scam

Boje denies link to 2000 match-fixing scam

South African bowler Nicky Boje on Tuesday denied charges of match-fixing under questioning by Indian police probing the scandal which hit cricket seven years ago, officials said.
Published 12 Dec, 2007 12:00am
Australia thrashes New Zealand in Twenty20

Australia thrashes New Zealand in Twenty20

A fast bowling blitz saw Australia thrash New Zealand by 54 runs in a Twenty20 international at the WACA Ground here Tuesday. The home side made 186 for six from its 20 overs, led by an unbeaten 85 from powerful all-rounder Andrew Symonds, and the Black C
Published 12 Dec, 2007 12:00am
Record-setting Jayawardene flays England

Record-setting Jayawardene flays England

Sri Lankan captain Mahela Jayawardene took over from Sanath Jayasuriya as his country's leading run-maker as the hosts pulverised England in the second Test here on Tuesday. Jayawardene made 167 not out and Michael Vandort hit 138 as Sri Lanka, replying t
Published 12 Dec, 2007 12:00am
Misbah's knock helps Pakistan avoid follow-on

Misbah's knock helps Pakistan avoid follow-on

Misbah-ul-Haq relished India's attack with a second successive century to boost Pakistan's hopes of forcing a draw in the third and final Test here on Tuesday. The middle-order batsman followed his second-Test 161 with a brilliant 133 not out as Pakistan
Published 12 Dec, 2007 12:00am
Sri Lankan foreign minister says power sharing process in final stage

Sri Lankan foreign minister says power sharing process in final stage

Sri Lanka's efforts to draft a plan to share power with minority Tamils are now in the final stage, the country's foreign minister said Tuesday. The Sri Lankan government has set up a panel to draft a new constitution in a bid to end a separatist conflict
Published 12 Dec, 2007 12:00am
Darfur rebels claim second oil field attack

Darfur rebels claim second oil field attack

Darfur rebels said they attacked a Chinese-run oil field in Sudan on Tuesday and vowed to launch more assaults on other installations. The Justice and Equality Movement (JEM) said it defeated 1,200 government soldiers who were guarding the site in Sudan's
Published 12 Dec, 2007 12:00am
Mbeki's hold on power at risk in ANC leadership vote

Mbeki's hold on power at risk in ANC leadership vote

South African President Thabo Mbeki could face a stinging defeat in party leadership elections this month, leaving him isolated and ineffective during his last two years in power. The successor to Nelson Mandela has seen his standing in the ruling African
Published 12 Dec, 2007 12:00am
Congo rebels retake ground, army offensive falters

Congo rebels retake ground, army offensive falters

Hundreds of civilians and scores of wounded soldiers fled fighting in eastern Congo on Tuesday after rebels loyal to renegade Tutsi General Laurent Nkunda launched pre-dawn raids on army positions.
Published 12 Dec, 2007 12:00am
Iran conservatives claim broad election front

Iran conservatives claim broad election front

Iranian conservatives announced on Tuesday they had formed a political front for March parliamentary elections, uniting loyalists of President Mahmoud Ahmadinejad and other conservative factions.
Published 12 Dec, 2007 12:00am
Millions vote in Gujarat

Millions vote in Gujarat

Millions voted in India's western state of Gujarat on Tuesday in an election that was supposed to be about a booming economy but turned into a war of words over Hindu-Muslim divisions. Hindu-majority Gujarat, one of India's richest and fastest growing sta
Published 12 Dec, 2007 12:00am
Train service crosses inter-Korean border after 50 years

Train service crosses inter-Korean border after 50 years

North and South Korea Tuesday began a regular train service across their fortified border for the first time in over 50 years, in the latest reconciliation project between the historic enemies.
Published 12 Dec, 2007 12:00am
France and Libya in arms talks; right row rage

France and Libya in arms talks; right row rage

Libyan leader Muammar Gaddafi said on Tuesday French President Nicolas Sarkozy did not bring up human rights when they met, contradicting Sarkozy's account and fuelling criticism of the French leader over Gaddafi's visit.
Published 12 Dec, 2007 12:00am
Icy US storm kills over 23

Icy US storm kills over 23

A winter storm raging over the midwestern United States on Tuesday reportedly left two dozen people dead and hundreds of thousands without power, as ice toppled trees and power lines and sent cars skidding off slick roads.
Published 12 Dec, 2007 12:00am
Iraq rejects permanent US bases

Iraq rejects permanent US bases

Iraq will never allow the United States to have permanent military bases on its soil, the government's national security adviser said, calling the issue a "red line" that cannot be crossed. "We need the United States in our war against terrorism, we need
Published 12 Dec, 2007 12:00am
Afghan and Nato forces retake key Taliban town

Afghan and Nato forces retake key Taliban town

Afghan and Nato forces seized the Taliban stronghold of Musa Qala on Tuesday, a symbolic victory for the Afghan government and its Western backers, but one which may do little to stop the insurgents from carrying out attacks.
Published 12 Dec, 2007 12:00am
EU leaders to sign reform treaty with fingers crossed

EU leaders to sign reform treaty with fingers crossed

When European Union leaders sign a treaty to overhaul the bloc's outgrown institutions at a ceremony in Lisbon on Thursday, several of them may have their fingers crossed behind their backs. With only Ireland planning a referendum on ratification, the pro
Published 12 Dec, 2007 12:00am
Israeli raid kills five in Gaza Strip

Israeli raid kills five in Gaza Strip

About 30 Israeli tanks and armoured vehicles pushed into the Hamas-run Gaza Strip on Tuesday, sparking clashes with Palestinians that killed five militants, medics and militant groups said.
Published 12 Dec, 2007 12:00am
Medvedev backs Putin to become Prime Minister

Medvedev backs Putin to become Prime Minister

Dmitry Medvedev, named by Russian President Vladimir Putin as his preferred successor, said on Tuesday he wanted Putin to become prime minister under him, mapping out a route for the outgoing leader to retain influence.
Published 12 Dec, 2007 12:00am
World not doing enough on climate change: IEA

World not doing enough on climate change: IEA

The world has tools to cut emissions massively but is not using them or investing enough in technology needed to avert dangerous climate change, the head of the International Energy Agency said on Tuesday.
Published 12 Dec, 2007 12:00am
Row over 2020 emissions goal sours Bali climate talks

Row over 2020 emissions goal sours Bali climate talks

Delegates at UN climate talks resisted US pressure to delete tough 2020 guidelines for cutting greenhouse gases with the European Commission saying they were a "crucial" element in a draft text.
Published 12 Dec, 2007 12:00am
Chinese stocks off intra-day high

Chinese stocks off intra-day high

Chinese stocks came well off early highs and the main stock index closed almost flat on Tuesday after the government said consumer price inflation jumped to an 11-year high in November. The Shanghai Composite Index hit an intra-day high of 5,209.705 point
Published 12 Dec, 2007 12:00am
Crossover index six basis points tighter

Crossover index six basis points tighter

European credit spreads were tighter on Tuesday in a brighter mood ahead of an expected US interest rate cut and increased confidence as banks work out problems with structured investment vehicles (SIVs).
Published 12 Dec, 2007 12:00am
Crossover index six basis points tighter

Crossover index six basis points tighter

European credit spreads were tighter on Tuesday in a brighter mood ahead of an expected US interest rate cut and increased confidence as banks work out problems with structured investment vehicles (SIVs).
Published 12 Dec, 2007 12:00am
UK's top share index falls

UK's top share index falls

Leading British shares fell on Tuesday as a slide in banking shares overshadowed a rally in mining group Xstrata, which was buoyed by fresh bid speculation. The FTSE 100 of top British shares ended down 28.5 points, or 0.4 percent, at 6,536.9 points, in a
Published 12 Dec, 2007 12:00am
Indian rupee near decade high

Indian rupee near decade high

The Indian rupee headed back towards a near decade high on Tuesday, with investors ratchet up purchases of the local unit anticipating a burst of capital inflows if the US Federal Reserve cuts rates as expected. The partially convertible rupee ended at 39
Published 12 Dec, 2007 12:00am
Sterling steadies

Sterling steadies

Sterling steadied against the dollar on Tuesday ahead of a widely expected interest rate cut from the US Federal Reserve later in the session. The Bank of England cut rates to 5.50 percent last week but analysts and markets expect its easing cycle to be l
Published 12 Dec, 2007 12:00am
Dollar stays firm in London

Dollar stays firm in London

The dollar hit a one-month high versus the yen and firmed against other currencies in choppy trading on Tuesday ahead of a widely anticipated rate cut from the Federal Reserve later. The US central bank is expected to lower rates by at least a quarter poi
Published 12 Dec, 2007 12:00am
Global growth to drive US grain prices up

Global growth to drive US grain prices up

A robust global economy, rising meat consumption, a weak dollar and high energy costs are expected to keep US grain prices, already at multiyear highs, strong in 2008 and onwards, analysts said. Whether the La Nina weather phenomenon affects crops in the
Published 12 Dec, 2007 12:00am
London coffee and sugar up; cocoa down

London coffee and sugar up; cocoa down

White sugar closed off 2-1/2 month peaks on speculative short covering on Tuesday, while cocoa settled off 4-1/2-month highs with a strike in top producer Ivory Coast providing background support, dealers said. London robusta coffee futures closed little
Published 12 Dec, 2007 12:00am
Oil rises as ice storm, fog slow US crude flows

Oil rises as ice storm, fog slow US crude flows

Oil leapt to $90 on Tuesday as a deadly Midwest ice storm paralysed three big pipelines feeding a key US crude storage hub and fog delayed shipping along the Texas coast, traders said. A decision by the US Federal Reserve to cut interest rates by a quarte
Published 12 Dec, 2007 12:00am
Saudi Arabia keeps crude supply steady to Asia

Saudi Arabia keeps crude supply steady to Asia

Saudi Arabia, the world's top oil exporter, will keep its oil supplies to key Asian customers steady in January from the month before, industry sources said on Tuesday, an expected move after Opec decided not to raise output. European refiners said on Mon
Published 12 Dec, 2007 12:00am
New York cotton futures tumble

New York cotton futures tumble

Cotton futures finished softer on Tuesday on speculative liquidation as most players basically ignored a government crop report that came in within trade expectatibrokers said. ICE Futures open-outcry March cotton contract slipped 0.57 cent to close at 64
Published 12 Dec, 2007 12:00am
Copper and lead slip

Copper and lead slip

Copper prices were capped on Tuesday as inventories rose and the market worried about falling economic growth and demand while awaiting an expected interest rate cut in the United States. Lead for delivery in three months tumbled more than 5 percent to a
Published 12 Dec, 2007 12:00am
European gold slightly higher

European gold slightly higher

Gold held steady on Tuesday, with traders reluctant to make big bets in either direction ahead of an expected US Federal Reserve rate cut later in the day. Spot gold stood at $808.50/809.20 per troy ounce by 1611 GMT, marginally higher from $808.00/808.70
Published 12 Dec, 2007 12:00am
US MIDDAY: cocoa up, coffee down

US MIDDAY: cocoa up, coffee down

US cocoa futures slipped in early trade on Tuesday after fund buying pushed prices to a 4-1/2-month high, while arabica coffee continued north to touch a 2-month high, traders said. On the screen, ICE key March cocoa fell $2 to $2,099 per tonne at 9:09 am
Published 12 Dec, 2007 12:00am
US MIDDAY: sugar climbs

US MIDDAY: sugar climbs

Raw sugar futures climbed in early business on Tuesday on investment fund buying, and the market may retain its strong tone as more short-covering comes into the ring, brokers said. The ICE Futures electronic March sugar contract rose 0.15 cent to 10.27 c
Published 12 Dec, 2007 12:00am
US MIDDAY: wheat down

US MIDDAY: wheat down

Soft red winter wheat futures on the Chicago Board of Trade were sharply lower at midsession on Tuesday as traders booked profits after Monday's rally to two-month highs, brokers said. The declines came in spite of bullish data in the US Department of Agr
Published 12 Dec, 2007 12:00am
US MIDDAY: corn eases

US MIDDAY: corn eases

Corn futures at the Chicago Board of Trade were a bit lower early on Tuesday on a profit-taking setback following the release of bullish corn stocks data by the US Department of Agriculture, traders said. At 10:09 am CST (1609 GMT), CBOT corn was unchange
Published 12 Dec, 2007 12:00am
US MIDDAY: soyabeans rise

US MIDDAY: soyabeans rise

Soyabean futures at the Chicago Board of Trade notched a 34-year top for the third straight session, boosted early on Tuesday by the government cutting its US soyabean ending stocks estimate, traders said. January soyabeans were up 5 cents a bushel at $11
Published 12 Dec, 2007 12:00am
US MIDDAY: copper falls

US MIDDAY: copper falls

US copper futures lost some ground at the open on Tuesday, with follow-through liquidation from last week's price spike continuing to play out before a Federal Reserve interest rate decision later in the day, traders and analysts said.
Published 12 Dec, 2007 12:00am
US MIDDAY: gold higher

US MIDDAY: gold higher

Gold futures in New York were slightly higher early on Tuesday, as bullion investors stayed on the sidelines ahead of the US Federal Reserve rate-setting decision which could set the near-term direction for gold.
Published 12 Dec, 2007 12:00am
Minister visits reproductive health centre

Minister visits reproductive health centre

The Punjab Minister for Population Welfare and Human Rights Maqbul Elahi Malik on Tuesday visited the Reproductive Health Services Centre here at Services Hospital. Inspecting the standard of services of the Centre, Malik directed the staff concerned to m
Published 12 Dec, 2007 12:00am
AIDS awareness campaign for workers launched

AIDS awareness campaign for workers launched

The Ministry of Labour, Manpower and Overseas Pakistani has started anti-HIV/AIDS campaign to make the labour force aware about this deadly disease.
Published 12 Dec, 2007 12:00am
Tanveer elected chairman PTA

Tanveer elected chairman PTA

Tanveer Aslam Chawla and Fawad Shafi have been elected as chairman and vice chairman of the Pakistan Tanners Association (PTA) for 2007-8. Mian Naeem Akhtar, SM Naeem Vohra, Sheikh Saeed Ahmad, Muhammad Tayyab, Adeel Shafiq Alam, Muhammad Arif, Arshad Iqb
Published 12 Dec, 2007 12:00am
'US visit to help remove misconceptions about Pakistan'

'US visit to help remove misconceptions about Pakistan'

Caretaker Minister for Youth Affairs and Tourism Muhammad Ali Saif said his recent visit to USA was aimed at projecting soft image of the country and removing misconceptions prevalent there due to one sided information.
Published 12 Dec, 2007 12:00am
Housing authority ordered to pay amount to contractor

Housing authority ordered to pay amount to contractor

Provincial Ombudsman Abdur Rashid Khan has ordered the National Housing Authority to pay Rs 166,474 to a contractor who had built the Zakat Houses in 1991. The Ombudsman's order came following a complaint by Yaqoob Ali Bajwa who argued that he received a
Published 12 Dec, 2007 12:00am
Herbal products unit to be set up in Gilgit

Herbal products unit to be set up in Gilgit

Ministry of Food, Agriculture and Livestock (Minfal), in collaboration with Pakistan Horticulture Development and Export Board (PHDEB) would construct Agro based herbal product unit in Gilgit, Northern Areas (NAs).
Published 12 Dec, 2007 12:00am
Government to establish 2600 livestock farms

Government to establish 2600 livestock farms

Federal Minister for Food, Agriculture and Livestock (Minfal), Prince Essa Jan Baloch said here on Tuesday that government would establish as many as 2600 livestock farms to enhance meat and milk production in the country.
Published 12 Dec, 2007 12:00am
General Kayani declares 2008 as 'Year of Soldiers'

General Kayani declares 2008 as 'Year of Soldiers'

Chief of Army Staff, General Ashfaq Parvez Kayani, during installation ceremony of Colonel Commandant of Corps of Military Police at Dera Ismail Khan advised troops to concentrate on training. He was the chief guest on the impressive ceremony to install L
Published 12 Dec, 2007 12:00am
PSDC's chairman, director nominated

PSDC's chairman, director nominated

Ministry of Culture has nominated chairman and director of Pakistan Stone Development Company (PSDC) as board of governors members of Pakistan National Council of Arts (PNCA). The ministry has notified the names of two persons Ehsan Ullah Khan and Shahid-
Published 12 Dec, 2007 12:00am
Kalabagh Dam

Kalabagh Dam

President Pervez Musharraf has said that the construction of Kalabagh Dam is very essential for the progress and development of the country and it will surely be constructed at the appropriate time.
Published 12 Dec, 2007 12:00am
Caution for Benazir

Caution for Benazir

Eversince her return home in October last ending her long self-exile, PPP Life Chairperson and twice former Prime Minister Benazir has in all fairness making her moves quite cautiously and wisely. She has been taking all the decisions so far keeping in vi
Published 12 Dec, 2007 12:00am
Arab Christians try new ways to sustain spirit

Arab Christians try new ways to sustain spirit

Organisers billed it as one of the largest events of its kind in the Arab world. On a November weekend, over 10,000 Arab Christians, mostly from Egypt, boarded hundreds of buses headed to a desert camp outside Cairo for three days of non-traditional worsh
Published 12 Dec, 2007 12:00am
Good Morning: the many deceptive faces the corrupt wear

Good Morning: the many deceptive faces the corrupt wear

In a way, one does not need the Transparency International to tell us that there is corruption in this country. That this society has been plagued by the monster of corruption is something that we have known ever since we got our independence. How we have
Published 12 Dec, 2007 12:00am
Environment protection in seaports

Environment protection in seaports

The debacles of oil tanker M.T. "GOLDEN GATE" which spilled 1800 M/Tons oil on August 2002 and thereafter massive oil spill of 30,000 M/Tons by oil tanker M.T. "TASMAN SPIRIT" in August 2003 at Karachi Port caused havoc to our beaches and forced residents
Published 12 Dec, 2007 12:00am
Housing difficulties

Housing difficulties

Officials from the Housing and Works Ministry told a Senate Standing Committee last Thursday that 200 flats had been approved for allotment to government employees whose requests had been sitting on a waiting list.
Published 12 Dec, 2007 12:00am
Free media for credible elections

Free media for credible elections

Nature and man seem to be in league in protecting the Pakistani electorate from catching the desired heat commonly called election fever. With less than a month to go before the polls, there is hardly a noticeable electoral activity excepting the ubiquito
Published 12 Dec, 2007 12:00am
Tough competition likely in NA-165, PP-228

Tough competition likely in NA-165, PP-228

Tough electoral competition is expected in NA-165, PP-228 that cover main parts of Pakpattan city and adjoining areas as major political parties have attached great importance to this constituency.
Published 12 Dec, 2007 12:00am
Parties finalise candidates for Jhelum seats

Parties finalise candidates for Jhelum seats

Pakistan People's Party (PPP), Pakistan Muslim League(Q) and Pakistan Muslim League(N) have nominated their candidates for two national assembly and four provincial assembly seats of district Jhelum. Former federal minister Chaudhry Shahbaz Hussain of PML
Published 12 Dec, 2007 12:00am
PPP candidate's appeal rejected

PPP candidate's appeal rejected

Sustaining the decision of returning officer about rejection of nomination of Pakistan Peoples Party candidate Saeed Ghani, The Appellate Tribunal in Sindh High Court dismissed appeal of Ghani.
Published 12 Dec, 2007 12:00am
Three election petitions dismissed

Three election petitions dismissed

An election tribunal dismissed three election petitions of former advisors to the Punjab chief minister with two of them being convicted in contempt. The tribunal rejected appeals by former member of the Provincial Assembly Akhtar Rasool and Mian Munir Ah
Published 12 Dec, 2007 12:00am
All set to hold elections in Sialkot

All set to hold elections in Sialkot

The Election Commission of Pakistan (ECP) has finalised necessary arrangements for setting up polling stations and polling booths for upcoming general elections in Sialkot district. Election Commission sources told Business Recorder here on Tuesday
Published 12 Dec, 2007 12:00am
ANP won't make seat adjustments: Bilour

ANP won't make seat adjustments: Bilour

Former President of Awami National Party (ANP) NWFP, Bashir Ahmad Bilour has said that ANP will not make seat adjustment with any political party at district level. Talking to APP here on Tuesday, ANP leader said ANP has fielded candidates on 77 constitue
Published 12 Dec, 2007 12:00am
Hafiz criticises PML-Q manifesto

Hafiz criticises PML-Q manifesto

Jamiat Ulema-e-Islam leader, Hafiz Hussain Ahmad has said that the politics cannot be kept away from religion, otherwise, it would be a cruelty, tyranny and injustice. Talking to newsmen here on phone, JUI leader on Tuesday said that PML-Q manifesto was n
Published 12 Dec, 2007 12:00am
MMA to remain intact despite differences: Qazi

MMA to remain intact despite differences: Qazi

President of Mutahidda Majlis-i-Amal (MMA) and Jamat-i-Islami chief Qazi Hussain Ahmad has said that the MMA would remain intact despite differences over elections boycott.Talking to a private TV channel, he said here on Tuesday that the alliance would re
Published 12 Dec, 2007 12:00am
Elections under present government fruitless, says Qazi

Elections under present government fruitless, says Qazi

Amir of Jamaat-e-Islami Qazi Hussain Ahmed has said it is never fruitful to contest the elections under the present government's set up and added that people who are contesting them are living in a fool's paradise.
Published 12 Dec, 2007 12:00am
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