AGL 40.22 Increased By ▲ 0.22 (0.55%)
AIRLINK 130.75 Increased By ▲ 1.22 (0.94%)
BOP 6.81 Increased By ▲ 0.13 (1.95%)
CNERGY 4.60 Decreased By ▼ -0.03 (-0.65%)
DCL 9.04 Increased By ▲ 0.10 (1.12%)
DFML 43.55 Increased By ▲ 1.86 (4.46%)
DGKC 84.05 Increased By ▲ 0.28 (0.33%)
FCCL 33.10 Increased By ▲ 0.33 (1.01%)
FFBL 78.94 Increased By ▲ 3.47 (4.6%)
FFL 11.72 Increased By ▲ 0.25 (2.18%)
HUBC 110.80 Increased By ▲ 0.25 (0.23%)
HUMNL 14.76 Increased By ▲ 0.20 (1.37%)
KEL 5.44 Increased By ▲ 0.05 (0.93%)
KOSM 8.35 Decreased By ▼ -0.05 (-0.6%)
MLCF 39.82 Increased By ▲ 0.03 (0.08%)
NBP 61.00 Increased By ▲ 0.71 (1.18%)
OGDC 200.00 Increased By ▲ 0.34 (0.17%)
PAEL 26.85 Increased By ▲ 0.20 (0.75%)
PIBTL 7.84 Increased By ▲ 0.18 (2.35%)
PPL 160.50 Increased By ▲ 2.58 (1.63%)
PRL 26.80 Increased By ▲ 0.07 (0.26%)
PTC 18.50 Increased By ▲ 0.04 (0.22%)
SEARL 82.50 Increased By ▲ 0.06 (0.07%)
TELE 8.25 Decreased By ▼ -0.06 (-0.72%)
TOMCL 34.50 Decreased By ▼ -0.01 (-0.03%)
TPLP 9.16 Increased By ▲ 0.10 (1.1%)
TREET 17.05 Decreased By ▼ -0.42 (-2.4%)
TRG 61.00 Decreased By ▼ -0.32 (-0.52%)
UNITY 27.55 Increased By ▲ 0.12 (0.44%)
WTL 1.42 Increased By ▲ 0.04 (2.9%)
BR100 10,550 Increased By 143.3 (1.38%)
BR30 31,988 Increased By 274.2 (0.86%)
KSE100 98,343 Increased By 1014.7 (1.04%)
KSE30 30,578 Increased By 385.6 (1.28%)
Nov 22, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2007-12-26
Sindh government yet to establish legal cell for revenue department

Sindh government yet to establish legal cell for revenue department

Sindh Revenue department has failed to establish a 'Legal Cell' meant to deal with the cases pertaining to revenue land in courts as Sindh government already suffered a loss of billions of rupees after losing such cases in courts in recent months.
Published 26 Dec, 2007 12:00am
Sindh government yet to establish legal cell for revenue department

Sindh government yet to establish legal cell for revenue department

Sindh Revenue department has failed to establish a 'Legal Cell' meant to deal with the cases pertaining to revenue land in courts as Sindh government already suffered a loss of billions of rupees after losing such cases in courts in recent months.
Published 26 Dec, 2007 12:00am
Fiscal deficit may swell to 4.2 percent of GDP

Fiscal deficit may swell to 4.2 percent of GDP

The finance ministry is unlikely to implement the directives of Prime Minister Mohammadmian Soomro for keeping fiscal deficit within the targeted limits, it is reliably learnt. The finance ministry had projected fiscal deficit at 4 percent of the GDP for
Published 26 Dec, 2007 12:00am
Fiscal deficit may swell to 4.2 percent of GDP

Fiscal deficit may swell to 4.2 percent of GDP

The finance ministry is unlikely to implement the directives of Prime Minister Mohammadmian Soomro for keeping fiscal deficit within the targeted limits, it is reliably learnt. The finance ministry had projected fiscal deficit at 4 percent of the GDP for
Published 26 Dec, 2007 12:00am
Fiscal deficit may swell to 4.2 percent of GDP

Fiscal deficit may swell to 4.2 percent of GDP

The finance ministry is unlikely to implement the directives of Prime Minister Mohammadmian Soomro for keeping fiscal deficit within the targeted limits, it is reliably learnt. The finance ministry had projected fiscal deficit at 4 percent of the GDP for
Published 26 Dec, 2007 12:00am
Turkish warplanes bomb northern Iraq

Turkish warplanes bomb northern Iraq

Turkish planes bombed an area of Iraq near the border with Turkey on Tuesday to attack Kurdish separatists and the army said it had killed at least 150 guerrillas in its air offensive earlier this month.
Published 26 Dec, 2007 12:00am
Turkish warplanes bomb northern Iraq

Turkish warplanes bomb northern Iraq

Turkish planes bombed an area of Iraq near the border with Turkey on Tuesday to attack Kurdish separatists and the army said it had killed at least 150 guerrillas in its air offensive earlier this month.
Published 26 Dec, 2007 12:00am
The Weather

The Weather

The weather report on Tuesday (December 25, 2007) and the forecast for Wednesday (December 26, 2007).
Published 26 Dec, 2007 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Tuesday (December 25, 2007).

Published 26 Dec, 2007 12:00am
Role of IFAC in developing the accountancy profession

Role of IFAC in developing the accountancy profession

In the present age, accounting profession has become more transparent, visible and explicable, Stakeholders of accounting information are now more aware of standardised information, which is more comprehensible and relied upon.
Published 26 Dec, 2007 12:00am
30 Years on - Reflections on the Global Accountancy Profession

30 Years on - Reflections on the Global Accountancy Profession

As the International Federation of Accountants celebrates its 30th anniversary, ACCA (Association of Chartered Certified Accountants) explores the developments in international accounting over this period and considers the future challenges.
Published 26 Dec, 2007 12:00am
30 years of progress

30 years of progress

In November 2006 I was ACCA's Deputy President, and had the great pleasure of representing ACCA at the World Congress of Accountants in Istanbul.
Published 26 Dec, 2007 12:00am
Message from Head of ACCA Pakistan

Message from Head of ACCA Pakistan

IFAC has played a commendable role in the development of the accountancy profession in the developing nations including Pakistan.
Published 26 Dec, 2007 12:00am
Message from Chief Executive ACCA

Message from Chief Executive ACCA

We, at ACCA, have been enthusiastic and committed supporters of IFAC since its inception in 1977. The work IFAC has led - co-ordinating the voice of the global profession and encouraging the highest possible standards of regulation and performance - could
Published 26 Dec, 2007 12:00am
Message from Gill Ball President ACCA

Message from Gill Ball President ACCA

IFAC has shown itself as a true leader in the profession, promoting collaboration, developing global standards and championing global consistency across the profession.
Published 26 Dec, 2007 12:00am
'India may extend sugar export subsidies'

'India may extend sugar export subsidies'

The Indian government might extend freight subsidies for domestic sugar mills looking to export for another year beyond their planned expiry in April, the farm minister said on Friday.
Published 26 Dec, 2007 12:00am
Shanghai copper eases

Shanghai copper eases

Shanghai copper futures eased nearly 1 percent on Tuesday after gaining for three straight sessions as spot premiums in the domestic market began falling and a holiday break in London capped demand. The March copper contract, the most active on the Shangh
Published 26 Dec, 2007 12:00am
US copper futures settle firm

US copper futures settle firm

US copper futures ended higher in a pre-holiday-shortened Monday session, with prices extending a bounce from last week's slide to a nine-month low, as signs of increased Chinese demand bolstered the buying in New York, analysts said.
Published 26 Dec, 2007 12:00am
US platinum ends slightly off in thin

US platinum ends slightly off in thin

US platinum futures ended a touch lower Monday from the record highs of the previous session, with the market barely trading on the eve of Christmas, dealers said. Gold futures were up slightly, tracking higher oil prices.
Published 26 Dec, 2007 12:00am
India STC wheat tender stands 'lapsed'

India STC wheat tender stands 'lapsed'

A wheat import tender issued by India's State Trading Corp has lapsed with no decision on purchases from three trading firms before the validity period expired, a government source said on Monday. "The tender's validity has expired on November 27. The ten
Published 26 Dec, 2007 12:00am
Tokyo rubber futures hit six-week high

Tokyo rubber futures hit six-week high

Tokyo rubber futures jumped more than 2 percent on Tuesday, hitting the highest level in more than six weeks as weaker yen spurred buying. The benchmark rubber contract on the Tokyo Commodity Exchange for June delivery ended the morning session at 308.7 y
Published 26 Dec, 2007 12:00am
US sugar banks on ethanol ahead of Mexico free trade

US sugar banks on ethanol ahead of Mexico free trade

US sugar producers are banking on a new energy plan to stave off price collapse just days before the United States and Mexico launch free sugar trade, but critics see an unwise plan that will cost millions.
Published 26 Dec, 2007 12:00am
Japanese rubber stocks inch higher

Japanese rubber stocks inch higher

Japanese crude rubber stocks inched up by 10 tonnes, or 0.1 percent, to 9,979 tonnes as of December 10 from the previous survey on November 30, the Rubber Trade Association of Japan said on Friday. Rubber inventories, reported every 10 days, were about 10
Published 26 Dec, 2007 12:00am
Indonesia adjusts some palm oil export taxes

Indonesia adjusts some palm oil export taxes

Indonesia has kept palm oil export tax rates unchanged at 9 percent and 10 percent for January depending on the product, while rising the base export prices for some palm oil by-products in line with global prices, a trade ministry official said on Saturd
Published 26 Dec, 2007 12:00am
Soybeans close firm

Soybeans close firm

Soybean futures at the Chicago Board of Trade closed higher Monday on follow-through technical buying after notching a 34-year top overnight, traders said. But trade was quiet during the shortened session for Christmas Eve. Chicago Board of Trade markets
Published 26 Dec, 2007 12:00am
Price for upland cotton

Price for upland cotton

The US Agriculture Department set the prevailing world market price for upland cotton at 54.36 cents per pound, effective through December 27. The price is adjusted to US quality and location for Strict Low Middling, 1-1/16 inch upland cotton.
Published 26 Dec, 2007 12:00am
Chicago wheat falls

Chicago wheat falls

Chicago wheat futures were down more than 1 percent on Monday on concern that demand for wheat was slowing due to the high prices, traders said. March wheat on the Chicago Board of Trade was down 11-cents, or 1.19 percent, at $9.37-per bushel, after hitti
Published 26 Dec, 2007 12:00am
CBOT rice futures drift lower

CBOT rice futures drift lower

Rough rice futures at the Chicago Board of Trade closed lower on Monday after a shortened session that featured light, lackluster trade before the Christmas holiday, traders said. CBOT markets closed early at noon CST for Christmas Eve. They reopen for el
Published 26 Dec, 2007 12:00am
Platinum falls from record high

Platinum falls from record high

Platinum drifted down from a record high in thin holiday-season trading on Tuesday, but the white metal stayed near highs as underlying sentiment was supported by concerns over tight supplies and robust industrial demand.
Published 26 Dec, 2007 12:00am
Death toll in Egypt building collapse rises to 10

Death toll in Egypt building collapse rises to 10

The death toll from the collapse of a 12-storey residential building in Egypt's Mediterranean city of Alexandria rose to 10 on Tuesday after authorities dug five more bodies out of the ruins, security sources said.
Published 26 Dec, 2007 12:00am
Sarkozy takes new love to ancient Egypt for Christmas

Sarkozy takes new love to ancient Egypt for Christmas

French President Nicolas Sarkozy flew in to the Egyptian city of Luxor on Tuesday aboard a private jet accompanied by his new love, ex-supermodel Carla Bruni, to spend Christmas on the banks of the Nile.
Published 26 Dec, 2007 12:00am
Jewish immigrants arrive in Israel from Iran

Jewish immigrants arrive in Israel from Iran

Forty Jewish immigrants from Iran secretly flew to Israel on Tuesday, the largest such influx from the Islamic Republic as a single group in recent years, an Israeli immigration official said. Precise details of how the immigrants travelled from Iran to I
Published 26 Dec, 2007 12:00am
Kenya opposition leader confident of victory

Kenya opposition leader confident of victory

Kenya's main opposition candidate Tuesday said he was confident of victory in closely-fought presidential elections this week, as final opinion polls gave him a slight edge over incumbent Mwai Kibaki.
Published 26 Dec, 2007 12:00am
Sri Lanka floods subside, 40,000 in temporary shelters

Sri Lanka floods subside, 40,000 in temporary shelters

Sri Lanka's monsoon floods were subsiding but just over 40,000 people remained in temporary shelters, the disaster management centre said Tuesday. More than 210,000 people were initially affected by the floods, with 40,225 of them remaining in schools, te
Published 26 Dec, 2007 12:00am
Insurgents kill three in Somalia

Insurgents kill three in Somalia

Insurgents attacked a Somali regional police chief's residence, killing his daughter and two bodyguards, witnesses said Tuesday. They said the residence of Aden Hashi Gabo, the police chief of the provincial town of Baidoa, about 250 miles (150 kilometres
Published 26 Dec, 2007 12:00am
Polls prompt sweeping Taiwan arms budget

Polls prompt sweeping Taiwan arms budget

Upcoming elections in Taiwan, with lawmakers keen to appear firm on defence, nudged parliament to pass the most extensive arms budget in years, including funds to produce a missile that can strike China.
Published 26 Dec, 2007 12:00am
11 perished in Nepal

11 perished in Nepal

At least 11 people died and hundreds on a religious pilgrimage were missing after an overcrowded bridge collapsed in western Nepal on Tuesday, police and officials said. Nearly 400 people were said to have been on the bridge across a gorge over the Bheri
Published 26 Dec, 2007 12:00am
Mauritanian police hunt killers of French tourists

Mauritanian police hunt killers of French tourists

Mauritanian police set up roadblocks near the Senegalese border Tuesday as they hunted the killers of four French tourists, security sources said. A massive manhunt was underway for three men suspected of shooting dead the tourists, including three male m
Published 26 Dec, 2007 12:00am
China says North Korea likely to miss year-end deadline

China says North Korea likely to miss year-end deadline

China said Tuesday that North Korea was unlikely to meet a year-end deadline to disable and declare all of its nuclear programmes, although the "majority" of work will be finished. "Thanks to the joint efforts of all parties, the six-party talks have made
Published 26 Dec, 2007 12:00am
312 Indonesian inmates freed on Christmas

312 Indonesian inmates freed on Christmas

Indonesia freed 312 inmates on Christmas for good behaviour, an official said Tuesday. About another 7,500 received reductions in their sentences, ranging from 15 days to two months, Mohammad Syueib of the Ministry of Justice and Human Rights told Elshint
Published 26 Dec, 2007 12:00am
19 Filipinos spared from execution abroad

19 Filipinos spared from execution abroad

Nineteen Filipinos condemned to death for crimes committed in other countries have been spared from the gallows over the past two years, Philippines President Gloria Arroyo's office said Tuesday. Of the 52 Filipinos sentenced over the same period to capit
Published 26 Dec, 2007 12:00am
Iran jails four former officials for corruption

Iran jails four former officials for corruption

Four former Iranian officials, including one who held a key Oil Ministry position and an ex-customs director, have been jailed for up to five years for taking bribes and embezzlement, the judiciary said on Tuesday.
Published 26 Dec, 2007 12:00am
Kashmir protests over mosque siege

Kashmir protests over mosque siege

Police fired shots in the air and tear gas at thousands of protestors in Indian Occupied Kashmir upset over damage to a mosque during a raid to free hostages seized by militants, a witness said. An AFP photographer who witnessed the demonstration in a vil
Published 26 Dec, 2007 12:00am
Malaysia Prime Minister warns about religious extremism

Malaysia Prime Minister warns about religious extremism

Prime Minister Abdullah Ahmad Badawi on Tuesday warned Malaysians to be on their guard against religious extremists tearing apart the multiracial nation which suffered deadly race riots in 1969. "I am concerned about issues related to religion. We need to
Published 26 Dec, 2007 12:00am
World powerless to stop Darfur's killing and carnage

World powerless to stop Darfur's killing and carnage

Diplomatic wrangling dashed hopes for an end to the killing and rape in Darfur this year and a new UN-backed peacekeeping mission scheduled to start on January 1 faces an uphill struggle.
Published 26 Dec, 2007 12:00am
Japan's Prime Minister apologises to hepatitis patients

Japan's Prime Minister apologises to hepatitis patients

Japan's prime minister met and apologised on Tuesday to hepatitis patients at the centre of a high-profile scandal over tainted blood products as he tried to quell a row that risks further eroding his support ratings.
Published 26 Dec, 2007 12:00am
Afghan cuts off wife's nose and ear

Afghan cuts off wife's nose and ear

An Afghan woman is in hospital after her nose and an ear were cut off, allegedly by her husband, police and a doctor said Tuesday. The woman was brought to hospital in the southern province of Zabul last week by her brother, a doctor at the main hospital
Published 26 Dec, 2007 12:00am
'Three nations discuss North Korea energy aid'

'Three nations discuss North Korea energy aid'

Representatives from South and North Korea and China met in Pyongyang Tuesday to discuss energy aid to the North in return for the disabling of its nuclear plants, Seoul's foreign ministry said.
Published 26 Dec, 2007 12:00am
Pope deplores selfishness, harm to environment

Pope deplores selfishness, harm to environment

Pope Benedict XVI on Tuesday used his Christmas homily to speak out against selfishness and the degradation of the environment as he celebrated midnight mass at Saint Peter's Basilica.
Published 26 Dec, 2007 12:00am
Thaksin vows to return home, urges reconciliation

Thaksin vows to return home, urges reconciliation

Deposed Thai premier Thaksin Shinawatra said Tuesday he wanted to return to Thailand in February, as he called for reconciliation with the military following weekend elections.
Published 26 Dec, 2007 12:00am
China restates gas claims ahead of Japan Prime Minister visit

China restates gas claims ahead of Japan Prime Minister visit

China restated its right to gas fields in disputed areas of the East China Sea on Tuesday, days before Japanese Prime Minister Yasuo Fukuda is to arrive for talks at which the contested waters will be a major issue.
Published 26 Dec, 2007 12:00am
Sharp loan curb could hit China growth: economist

Sharp loan curb could hit China growth: economist

China should avoid overly stringent bank lending curbs in 2008 lest it hamper economic growth, a senior government economist said on Tuesday. The central bank should set 2008 target rates of 16 percent for broad money supply growth and 14.5 percent for yu
Published 26 Dec, 2007 12:00am
Google in crowded field bidding for US wireless licenses

Google in crowded field bidding for US wireless licenses

Google is among more than 260 companies vying for wireless licenses to be auctioned in January, which could allow the search giant to extend its reach to the mobile Internet. Google has an advantage over many of its rival bidders, as it has amassed a war
Published 26 Dec, 2007 12:00am
Matsushita, Canon, Hitachi form LCD tie-up

Matsushita, Canon, Hitachi form LCD tie-up

Japanese electronic makers Matsushita, Canon and Hitachi said Tuesday they will form an alliance in liquid crystal panels in the latest tie-up in the lucrative but cutthroat sector. The companies said Canon Inc and Matsushita Electric Industrial Co Ltd wi
Published 26 Dec, 2007 12:00am
Russia will keep oil wealth in bonds in 2008

Russia will keep oil wealth in bonds in 2008

Russia will keep its $151 billion Oil and Gas Fund entirely in sovereign bonds next year and will not invest a $19 billion sub-fund in corporate debt or stock, a top Finance Ministry official told Reuters on Tuesday.
Published 26 Dec, 2007 12:00am
Russia will keep oil wealth in bonds in 2008

Russia will keep oil wealth in bonds in 2008

Russia will keep its $151 billion Oil and Gas Fund entirely in sovereign bonds next year and will not invest a $19 billion sub-fund in corporate debt or stock, a top Finance Ministry official told Reuters on Tuesday.
Published 26 Dec, 2007 12:00am
Bangladesh workers claim abuse in Malaysia

Bangladesh workers claim abuse in Malaysia

More than 200 Bangladeshi migrant workers who claim their employers underpaid and abused them have sought refuge outside their country's embassy in Malaysia, an envoy said.
Published 26 Dec, 2007 12:00am
All business-class airline Maxjet declares bankruptcy

All business-class airline Maxjet declares bankruptcy

Maxjet, a two-year-old company that touted itself as the first low-fare business class airline, has declared bankruptcy due to rising fuel costs, its president said. "It is with deep regret that I must inform you that Maxjet filed Chapter 11 bankruptcy on
Published 26 Dec, 2007 12:00am
Bangladesh wants return of artifacts loaned to France

Bangladesh wants return of artifacts loaned to France

Bangladesh wants a consignment of ancient artifacts on loan to France for an upcoming exhibition to be returned after two 1,500 year-old statues of the Hindu God Vishnu were stolen while awaiting shipment from Dhaka airport.
Published 26 Dec, 2007 12:00am
UAE bans poultry from Brandenburg over bird flu

UAE bans poultry from Brandenburg over bird flu

The United Arab Emirates has banned the import of poultry and birds from the German state of Brandenburg where the deadly H5N1 bird flu virus was found in chickens, the official WAM news agency said on Tuesday. It said Acting Minister of Environment and W
Published 26 Dec, 2007 12:00am
Tokyo threatens to delist Sanyo over accounting

Tokyo threatens to delist Sanyo over accounting

Troubled Japanese electronics manufacturer Sanyo Electric was on Tuesday threatened with delisting from the Tokyo Stock Exchange after it corrected six years of earnings reports. Sanyo, which has just started to recover after a major restructuring drive,
Published 26 Dec, 2007 12:00am
Toyota sees bright future as world number one

Toyota sees bright future as world number one

Japan's Toyota Motor Corp on Tuesday predicted further robust growth in 2008 after racing past US rival General Motors this year to become the world's top producing automaker.
Published 26 Dec, 2007 12:00am
Markets closed for Christmas holidays

Markets closed for Christmas holidays

Activity was light with many other Asian regional markets as well as European and US markets closed for Christmas holidays. Trading resumes on Wednesday.
Published 26 Dec, 2007 12:00am
Korean won gains

Korean won gains

The South Korean won rose against the dollar on Monday, but gains were limited as foreign investors kept selling local stocks and as traders took to the sidelines in a holiday mood, dealers said. The won ended local trade up 0.1 percent at 939.4/9.9 per d
Published 26 Dec, 2007 12:00am
Taiwan dollar weakens

Taiwan dollar weakens

The Taiwan dollar ended barely weaker on Tuesday as oil firms sought US dollars, although volumes were thin as investors were sidelined for Christmas and several regional markets were closed. The Taiwan dollar ended marginally softer at T$32.499 to the US
Published 26 Dec, 2007 12:00am
Yuan hits new high

Yuan hits new high

The yuan hit a new post-revaluation high against the dollar for the third straight day in volatile trade on Tuesday after the central bank again set a strong mid-point for the Chinese currency. Before trading began, the People's Bank of China fixed the yu
Published 26 Dec, 2007 12:00am
Yen hits six-week low

Yen hits six-week low

The yen dipped to a six-week low against the dollar on Monday and fell against the euro as a pre-Christmas equities rally boosted investors' risk appetite. Sterling also fell to a record low against the euro for the second straight session after weak UK h
Published 26 Dec, 2007 12:00am
Canadian dollar rises

Canadian dollar rises

The Canadian dollar rode a wave of positive sentiment to close higher against the US dollar for a seventh straight session on Monday, helped by a rally in equities markets, higher oil prices and positive news on the asset-back commercial paper front.
Published 26 Dec, 2007 12:00am
Yen rebounds on profit taking

Yen rebounds on profit taking

The yen rebounded from a seven-week low against the dollar on Tuesday as investors trimmed positions in a holiday-thinned market. The Australian and New Zealand dollars were targets of profit-taking and eased against the yen after a rally in US equities o
Published 26 Dec, 2007 12:00am
Toronto stocks boosted by resource issues

Toronto stocks boosted by resource issues

The Toronto Stock Exchange's main index ended higher on Monday after a half day of light trading, pulled up by gains in resource and financial shares. The materials sector led the way, adding 1.3 percent, lifted by net gain leader Potash Corp of Saskatche
Published 26 Dec, 2007 12:00am
Wall Street boosts by Merrill deal

Wall Street boosts by Merrill deal

US stocks rallied on Monday, led by financial companies, after Merrill Lynch took steps to shore up its balance sheet with plans to raise up to $6.2 billion and sell a lending unit. The Dow industrials and the S&P 500 closed higher for the third day in a
Published 26 Dec, 2007 12:00am
Japanese stocks hit two-week closing high

Japanese stocks hit two-week closing high

Japanese stocks closed at their highest in nearly two weeks on Tuesday as investors picked up recently pressured shares such as Sony Corp, encouraged by a softening yen and after news from Merrill Lynch prompted a rally on Wall Street. Nippon Yusen KK and
Published 26 Dec, 2007 12:00am
Taiwan stocks rise

Taiwan stocks rise

Taiwan stocks rose 0.4 percent on Tuesday to their highest close in more than a week, boosted by big technology exporters such as LCD maker AU Optronics Corp with bright earnings prospects. The main TAIEX shares index ended up 31.59 points at 8,167.07, ex
Published 26 Dec, 2007 12:00am
Chinese shares higher

Chinese shares higher

China's main stock index ended a strong four-day rising streak on Tuesday as PetroChina and other large-caps fell back. But most shares continued to rise and turnover stayed active.
Published 26 Dec, 2007 12:00am
Australia remain the team to beat

Australia remain the team to beat

By the end of a year where Australia continued to remain supreme as the leading Test and one-day side it was easy to think little had changed in world cricket. They won a third straight World Cup and, after a run of 14 consecutive Test wins, they were clo
Published 26 Dec, 2007 12:00am
South Korea boxing champion in coma after fight: report

South Korea boxing champion in coma after fight: report

South Korean boxer Choi Yo-Sam fell into a coma Tuesday after successfully defending his World Boxing Organisation intercontinental flyweight title, a report said. Choi, 33, fell unconscious after challenger Heri Amol of Indonesia threw a right to his jaw
Published 26 Dec, 2007 12:00am
Health must come before Test dreams, says Trescothick

Health must come before Test dreams, says Trescothick

England opener Marcus Trescothick has admitted that his dream of returning to Test cricket is being kept in check by his fears over succumbing to long-term illness. The Somerset left-hander, 32 Tuesday, has not played at the highest level since August las
Published 26 Dec, 2007 12:00am
No revenge, but Grant wants Chelsea win against Villa

No revenge, but Grant wants Chelsea win against Villa

Chelsea manager Avram Grant is counting on a much-improved performance from his players when they go out to protect their long unbeaten record at home against Aston Villa on Wednesday. Villa have already beaten Chelsea once in the Premier League this seas
Published 26 Dec, 2007 12:00am
Anderson happily swaps beach for piece of United history

Anderson happily swaps beach for piece of United history

Brazilian midfielder Anderson says he is happy to spend the chilly festive period playing football - and not relaxing on Copacabana beach - as he pursues his dream of making history with Manchester United. Until last year the 19-year-old former Gremio and
Published 26 Dec, 2007 12:00am
Kumble hints at playing two spinners against Aussies

Kumble hints at playing two spinners against Aussies

India are considering playing two spinners to capitalise on their batting depth to pressure Australia in Wednesday's opening match of the Border-Gavaskar Trophy, skipper Anil Kumble said Tuesday.
Published 26 Dec, 2007 12:00am
PUIER launches short courses

PUIER launches short courses

Department of Research & Evaluate of the Punjab University Institute of Education & Research (PUIER) has launched short courses of eight-week duration in ten different disciplines.
Published 26 Dec, 2007 12:00am
Ombudsman orders action against Wasa inspectors

Ombudsman orders action against Wasa inspectors

The provincial Ombudsman on Tuesday directed the Wasa officials to take action against three 'Recovery Field Inspectors', and stopped one annual increment of each of them besides recovery of 50 percent amount of the outstanding bill not recovered on accou
Published 26 Dec, 2007 12:00am
MA/MSc exam date

MA/MSc exam date

Punjab University will commence MA/MSc annual examination 2008 from 21st June. The university examination department announced this here on Tuesday. The Department has issued the admission schedule for the examinations.
Published 26 Dec, 2007 12:00am
First Haj flight arrives

First Haj flight arrives

The first Haj flight carrying 432 Hujjaj from the Saudi Arab landed here at Islamabad International Airport on Tuesday. The first flight arrived at the airport at 1200 hours making commencement of post Haj operation in the country.
Published 26 Dec, 2007 12:00am
Girls present Christmas carol at RIUJ Press Club

Girls present Christmas carol at RIUJ Press Club

Girls of National Baptist Church sang a number of patriotic and devotional songs in the pavement camp set up in front of the RIUJ Press Club by the journalists who protest each afternoon for restoration of sacked judges and freedom of expression.
Published 26 Dec, 2007 12:00am
Quaid-e-Azam's birthday observed

Quaid-e-Azam's birthday observed

Pakistan Workers Federation (PWF) has organised a meeting to commemorate 131st birthday of Founder of Nation Quaid-e-Azam here on Tuesday. They paid rich tribute to Quaid-e-Azam for liberation movement and declared that he stood for establishing an egalit
Published 26 Dec, 2007 12:00am
Level of East-West transit traffic low: ADB

Level of East-West transit traffic low: ADB

The current level of East-West traffic, including transit traffic using Pakistan as a land bridge between India and Iran, is low, said Asian Development Bank study report. Report observed that the intra-regional trade in South Asia is weak and the region
Published 26 Dec, 2007 12:00am
Egypt rejects Israeli criticism on arms smuggling

Egypt rejects Israeli criticism on arms smuggling

Egypt on Tuesday rejected Israeli criticism of its efforts to clamp down on arms smuggling into Gaza, also announcing the discovery of two tunnels a day before a visit by Israel's defence minister.
Published 26 Dec, 2007 12:00am
Fatah loyalists break out of Egyptian police camps

Fatah loyalists break out of Egyptian police camps

Dozens of Palestinian security men affiliated to Fatah staged a mass break-out on Tuesday from the camp where they have been held in the Egyptian town of Rafah, security sources said.
Published 26 Dec, 2007 12:00am
Modi takes power in Gujarat for third term

Modi takes power in Gujarat for third term

A controversial hard-line Hindu politician formally took power as chief minister of India's Gujarat state on Tuesday, after a strong election victory that came as a shot in the arm for his Hindu-nationalist party.
Published 26 Dec, 2007 12:00am
Lebanon opposition rejects planned vote law change

Lebanon opposition rejects planned vote law change

The Lebanese opposition on Tuesday rejected as unconstitutional draft legislation drawn up by the government aimed at ending deep divisions over the choice of the country's next president.
Published 26 Dec, 2007 12:00am
Previous Day