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Nov 13, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2007-12-30
Equity volatility here to stay in 2008

Equity volatility here to stay in 2008

Stock market volatility returned with a vengeance in 2007 and is not going away any time soon. The rise in volatility was reflected in the kind of year financial markets had, marked by big market swings due to the worsening global credit environment.
Published 30 Dec, 2007 12:00am
Equity volatility here to stay in 2008

Equity volatility here to stay in 2008

Stock market volatility returned with a vengeance in 2007 and is not going away any time soon. The rise in volatility was reflected in the kind of year financial markets had, marked by big market swings due to the worsening global credit environment.
Published 30 Dec, 2007 12:00am
Yield spreads widen on US Treasury rally

Yield spreads widen on US Treasury rally

Emerging market sovereign debt yield spreads widened sharply on Friday due almost entirely to a rally in US Treasuries. Investors did seek more protection for their Pakistani debt following the assassination of opposition leader Benazir Bhutto on Thursday
Published 30 Dec, 2007 12:00am
Yield spreads widen on US Treasury rally

Yield spreads widen on US Treasury rally

Emerging market sovereign debt yield spreads widened sharply on Friday due almost entirely to a rally in US Treasuries. Investors did seek more protection for their Pakistani debt following the assassination of opposition leader Benazir Bhutto on Thursday
Published 30 Dec, 2007 12:00am
US stocks flat; housing concerns weigh

US stocks flat; housing concerns weigh

US stocks ended flat on Friday as weak new home sales data reinforced concerns that the housing and mortgage markets may be far from a recovery, offsetting the energy sector's strength.
Published 30 Dec, 2007 12:00am
South Korea's parliament approves budget rise

South Korea's parliament approves budget rise

South Korea's parliament said Saturday it had approved a rise of more than seven percent for its 2008 budget to expand social welfare programmes and increase military spending.
Published 30 Dec, 2007 12:00am
Sinopec to take stakes in parent's oil refineries

Sinopec to take stakes in parent's oil refineries

China's Sinopec Corp will acquire equity interests in three oil refineries and 63 petrol stations from its parent company, Sinopec Group Corp, Xinhua news agency reported on Saturday.
Published 30 Dec, 2007 12:00am
Turkmenistan allows foreign currency trading

Turkmenistan allows foreign currency trading

Turkmenistan will reopen its commercial foreign currency exchange kiosks next week in a bid to eliminate black market money trading, the nation's president ordered this week. But the official rate of the manat, the national currency of the ex-Soviet state
Published 30 Dec, 2007 12:00am
German central bank warns on high wage settlements

German central bank warns on high wage settlements

Sharp increases in prices at the end of 2007 must not be allowed to drive inflationary pay increases in Europe, the German central bank warned Saturday, after inflation data showed prices rising more steeply than in a decade.
Published 30 Dec, 2007 12:00am
Letterman to return in deal with striking writers

Letterman to return in deal with striking writers

Late-night TV host David Letterman reached a deal on Friday with the union for striking screenwriters that will let his show return to the air next week while bringing his writing staff back with him.
Published 30 Dec, 2007 12:00am
Britain to adopt euro on its bases in Cyprus

Britain to adopt euro on its bases in Cyprus

Euro-sceptic Britain may have doubts over the single European currency but its sovereign military bases on this Mediterranean island will still embrace the euro when Cyprus adopts it from January 1.
Published 30 Dec, 2007 12:00am
Japanese Prime Minister visits Tianjin to promote business

Japanese Prime Minister visits Tianjin to promote business

Japanese Prime Minister Yasuo Fukuda on Saturday visited Tianjin, one of China's fastest-growing cities, with the hopes of Tokyo's business leaders on his shoulders. Fukuda, who is on his second official day of a four-day tour in China, held talks and lun
Published 30 Dec, 2007 12:00am
China to implement tight monetary policy in 2008

China to implement tight monetary policy in 2008

China's central bank will implement a tight monetary policy in 2008, using a range of tools to keep a check on liquidity, central bank governor Zhou Xiaochuan said in comments published on Saturday.
Published 30 Dec, 2007 12:00am
China approves new trade minister in reshuffle

China approves new trade minister in reshuffle

China approved its top energy official, Chen Deming, as the country's Commerce Minister on Saturday, one of a slew of personnel changes following a five-yearly Communist Party meeting.
Published 30 Dec, 2007 12:00am
Ecuador approves tax reform

Ecuador approves tax reform

Ecuador's constitutional assembly late on Friday approved a wide-ranging tax reform bill introduced by President Rafael Correa that has put him at odds with influential politicians and business leaders.
Published 30 Dec, 2007 12:00am
China raises threshold for individual income tax

China raises threshold for individual income tax

China adopted a law on Saturday to raise the individual income tax threshold, a move aimed at easing the financial burden on a population facing the highest rate of inflation in more than a decade.
Published 30 Dec, 2007 12:00am
IMF favours forex measures that saw dollar overvalued

IMF favours forex measures that saw dollar overvalued

All models to measure equilibrium exchange rates have flaws, but two of the best both signalled that the dollar was significantly overvalued in 2006, according to an IMF working paper released on Friday.
Published 30 Dec, 2007 12:00am
Nadal to open against Montcourt in Chennai

Nadal to open against Montcourt in Chennai

Spanish world number two Rafael Nadal will start his 2008 season against Frenchman Mathieu Montcourt in the first round of the Chennai Open ATP event starting on Monday.
Published 30 Dec, 2007 12:00am
Hammers revival shocks Man United

Hammers revival shocks Man United

Matthew Upson gave Manchester United an early new year's hangover as his goal handed West Ham a dramatic 2-1 win on Saturday. The England centre-half thumped in a glorious header with just nine minutes remaining at Upton Park to give United's English Prem
Published 30 Dec, 2007 12:00am
Gilchrist savours wicketkeeping record

Gilchrist savours wicketkeeping record

Adam Gilchrist's decision to move states and stay behind the stumps 13 years ago was rewarded on Saturday when he replaced Ian Healy as Australia's most successful test wicketkeeper.
Published 30 Dec, 2007 12:00am
West Indies enjoy rare away success

West Indies enjoy rare away success

The West Indies gained their most significant Test win away from home in seven years when they beat South Africa by 128 runs on the fourth day of the first Test at St George's Park here on Saturday.
Published 30 Dec, 2007 12:00am
Kumble wants Indian batsmen to improve for Sydney

Kumble wants Indian batsmen to improve for Sydney

Skipper Anil Kumble, stung Saturday by one of India's heaviest Test defeats, says the tourists must toughen up mentally if they are to improve against Australia in next week's second Test in Sydney.
Published 30 Dec, 2007 12:00am
Shaughnessy, Fish lift US past India in Perth

Shaughnessy, Fish lift US past India in Perth

The United States made light of the temporary absence of Serena Williams as they beat India 2-1 in their opening Group A match at the Hopman Cup on Saturday.
Published 30 Dec, 2007 12:00am
Heras retires following doping ban

Heras retires following doping ban

Three-time Tour of Spain winner Roberto Heras, whose two-year doping ban ended in October, confirmed Saturday that he has decided to quit professional cycling. "I've thrown in the towel, there's no going back," Heras, 33, told Spanish sports daily Marca.
Published 30 Dec, 2007 12:00am
India tumble to near-record Test defeat to Aussies

India tumble to near-record Test defeat to Aussies

Australia inflicted one of India's heaviest Test defeats Saturday, winning the opening match of the four-Test Border-Gavaskar Trophy series by 337 runs on the fourth day at the Melbourne Cricket Ground.
Published 30 Dec, 2007 12:00am
Romanian leu falls to three-week low

Romanian leu falls to three-week low

The Romanian leu hit a three-week low against the euro on Friday, in thin interbank trading dominated by commercial flows, dealers said.
Published 30 Dec, 2007 12:00am
Agency MBS to struggle in 2008 as risks abound

Agency MBS to struggle in 2008 as risks abound

US mortgage-backed securities issued by Fannie Mae and Freddie Mac should underperform US Treasuries again in 2008 as a supply overhang and listless demand threaten the sector's performance.
Published 30 Dec, 2007 12:00am
Agency MBS to struggle in 2008 as risks abound

Agency MBS to struggle in 2008 as risks abound

US mortgage-backed securities issued by Fannie Mae and Freddie Mac should underperform US Treasuries again in 2008 as a supply overhang and listless demand threaten the sector's performance.
Published 30 Dec, 2007 12:00am
Buffett starts up bond insurer to rival MBIA and Ambac

Buffett starts up bond insurer to rival MBIA and Ambac

Warren Buffett's Berkshire Hathaway Inc is starting a bond insurer that would help state and local governments lower their borrowing costs, and is likely to lure business from established rivals struggling with credit market turmoil.
Published 30 Dec, 2007 12:00am
Buffett starts up bond insurer to rival MBIA and Ambac

Buffett starts up bond insurer to rival MBIA and Ambac

Warren Buffett's Berkshire Hathaway Inc is starting a bond insurer that would help state and local governments lower their borrowing costs, and is likely to lure business from established rivals struggling with credit market turmoil.
Published 30 Dec, 2007 12:00am
Canadian dollar higher for second straight week

Canadian dollar higher for second straight week

The Canadian dollar rose for the second straight week against the US currency on Friday, but a bout of profit-taking yanked it back from the five-week high it hit earlier in the session.
Published 30 Dec, 2007 12:00am
Mexico peso down to four-week low

Mexico peso down to four-week low

The Mexican peso weakened to a four-week low on Friday after surprisingly weak data on new home sales in the United States, Mexico's top trading partner. The peso gave up 0.24 percent to 10.9025 per dollar, its weakest since December 3.
Published 30 Dec, 2007 12:00am
Merrill Lynch tops 2007 list of US IPO bookrunners

Merrill Lynch tops 2007 list of US IPO bookrunners

Merrill Lynch has bumped Goldman Sachs from the No 1 spot on an annual ranking of US IPO bookrunners. Goldman, placing first last year, is now in third place for 2007, while Merrill narrowly beat Morgan Stanley for the top honour.
Published 30 Dec, 2007 12:00am
Brazil's currency weakens

Brazil's currency weakens

Brazil's currency weakened more than 1 percent against the US dollar on Friday in thin trading ahead of the New Year's holiday. The real weakened to 1.781 per dollar from Thursday's close of 1.761.
Published 30 Dec, 2007 12:00am
Mortgage bond spreads mixed

Mortgage bond spreads mixed

US agency note and mortgage bond spreads ended mixed on Friday, as prices firmed with Treasuries after the government reported November had the slowest new home sales in more than 12 years.
Published 30 Dec, 2007 12:00am
Mortgage bond spreads mixed

Mortgage bond spreads mixed

US agency note and mortgage bond spreads ended mixed on Friday, as prices firmed with Treasuries after the government reported November had the slowest new home sales in more than 12 years.
Published 30 Dec, 2007 12:00am
Dollar drops on housing data; worst week in year

Dollar drops on housing data; worst week in year

The dollar slid across the board on Friday as data showing a 9 percent decline in sales of new US homes last month heightened concern about the economy, putting the greenback on track for its worst week in more than a year.
Published 30 Dec, 2007 12:00am
Japan Prime Minister will ponder cabinet reshuffle next year

Japan Prime Minister will ponder cabinet reshuffle next year

Japanese Prime Minister Yasuo Fukuda said Saturday he will think about a cabinet reshuffle next year, but ruled out the possibility of a snap general election. "At this exact moment, I have no plans for a cabinet reshuffle," Fukuda told reporters here dur
Published 30 Dec, 2007 12:00am
Taliban leader sacks key rebel commander

Taliban leader sacks key rebel commander

The leader of Afghanistan's Taliban, Mullah Mohammad Omar, has sacked one of his key military commanders, accusing him of not obeying orders, a rebel spokesman said Saturday. Taliban spokesman Zabihullah Mujahed read to AFP over the telephone a statement
Published 30 Dec, 2007 12:00am
Italy to assist Libya with sea patrols

Italy to assist Libya with sea patrols

Italy will lend Libya six coastguard patrol boats to help the North African nation curb would-be immigrants trying to reach Italy from its shores, the Italian Interior Ministry said Saturday.
Published 30 Dec, 2007 12:00am
Chaos erupts at election count

Chaos erupts at election count

Chaos broke out at Kenya's main ballot results centre on Saturday when an opposition politician repeatedly demanded a recount in one constituency, prompting scuffles, shouting and police intervention.
Published 30 Dec, 2007 12:00am
Kenyan opposition declares victory

Kenyan opposition declares victory

Kenya's opposition on Saturday declared victory in the country's presidential election, although the electoral commission was still counting votes and the incumbent was closing the gap.
Published 30 Dec, 2007 12:00am
Senegal's powerful caliph dies

Senegal's powerful caliph dies

The leader of Senegal's powerful Mouride Muslim brotherhood has died, followers said on Saturday, throwing into mourning a movement that holds huge influence and whose trade networks span the globe.
Published 30 Dec, 2007 12:00am
Iraq to discuss border agreement with Iran

Iraq to discuss border agreement with Iran

Iraq will send a delegation to neighbouring Iran in the coming days to seek slight changes to the agreement that defines the two countries' borders, Iraq's deputy foreign minister Labeed Abbawi said on Saturday.
Published 30 Dec, 2007 12:00am
Iraq gains 'reversible': US commander

Iraq gains 'reversible': US commander

US and Iraqi commanders said on Saturday there had been a remarkable improvement in the country's security over the past year, but the top American general also warned that the gains could be reversed.
Published 30 Dec, 2007 12:00am
Bush signs child health programme extension into law

Bush signs child health programme extension into law

President George W. Bush on Saturday signed into law a temporary extension of a popular health insurance program for children after months of deadlock with the Democratic-led Congress.
Published 30 Dec, 2007 12:00am
US court overturns ruling against Muslim charities

US court overturns ruling against Muslim charities

A US court overturned ON Friday a ruling that ordered Muslim charities with alleged links to the Palestinian Hamas movement to compensate the family of a US teenager killed in the West Bank. The groups had been ordered in a 2004 civil case to pay 156 mill
Published 30 Dec, 2007 12:00am
Palestinians to get 50 armoured vehicles

Palestinians to get 50 armoured vehicles

The Palestinian Authority will import 50 Russian-made armoured vehicles next month to boost its forces in the occupied West Bank, the authority's interior minister said Saturday.
Published 30 Dec, 2007 12:00am
2,300 Palestinian pilgrims stranded in Egyptian port

2,300 Palestinian pilgrims stranded in Egyptian port

Around 2,300 Palestinian pilgrims were stranded at the Nuwaibe Egyptian port Saturday pending Egyptian authorities' approval of their return to the Gaza Strip via the Rafah crossing, security sources said.But so far, the authorities have refused to allow
Published 30 Dec, 2007 12:00am
Cyclone warning declared for Australia's coast

Cyclone warning declared for Australia's coast

Tropical cyclone Melanie, a category two storm with winds of up to 120 kph (75 mph), was nearing Australia's remote north-west coast on Saturday, prompting meteorologists to issue cyclone warnings for coastal regions.
Published 30 Dec, 2007 12:00am
New election setback for India's ruling Congress party

New election setback for India's ruling Congress party

India's ruling Congress party has been ousted from power in another state, the latest in a string of electoral reverses this year, results showed Saturday. The main opposition Hindu nationalist Bharatiya Janata Party (BJP) swept to power in the northern h
Published 30 Dec, 2007 12:00am
US transfers Guantanamo prisoners to Saudi Arabia

US transfers Guantanamo prisoners to Saudi Arabia

The United States decided to transfer 10 detainees from its Guantanamo Bay prison camp for terrorism suspects to Saudi Arabia, the Defence Department said Friday. "These detainees were determined to be eligible for transfer following a comprehensive serie
Published 30 Dec, 2007 12:00am
Quran Khawani at Bilawal House on Sunday

Quran Khawani at Bilawal House on Sunday

Quran Khawani will be held here on Sunday at Bilawal House from Zuhr to Asr for "Isal-i- Sawab" to the departed soul of Mohtarma Benazir Bhutto. This was announced by Bilawal House Media Cell here on Saturday.
Published 30 Dec, 2007 12:00am
Funeral prayer in absentia of Benazir offered

Funeral prayer in absentia of Benazir offered

Hundreds of people attended funeral prayer in absentia of PPP chairperson Benazir Bhutto offered at MCC ground in Multan, while lawyers also offered funeral in absentia of the slain two-time premier at district court here on Saturday.
Published 30 Dec, 2007 12:00am
Funeral prayers of Liaqat Bagh victims offered

Funeral prayers of Liaqat Bagh victims offered

The funeral prayer of PPP activist Sajid Ali Khan, who was killed in December 27 suicide bombing, was offered at Liaqat Bagh here on Saturday. The Namaz-e-Janaza of Sajid Ali Khan, who hailed from Sehanda Kotli district of Azad Jammu Kashmir, was offered
Published 30 Dec, 2007 12:00am
Kashmiris say Benazir's killing a blow to democracy in Pakistan

Kashmiris say Benazir's killing a blow to democracy in Pakistan

The assassination of former Prime Minister Benazir Bhutto sent shock waves across the Valley with common people strongly condemning the killing. However, most of them maintained that Bhutto's killing would affect restoration of democracy in Pakistan but n
Published 30 Dec, 2007 12:00am
Punjab University postpones MBBS, BSc papers

Punjab University postpones MBBS, BSc papers

Punjab University has postponed the papers of MBBS final professional and BSc Applied Geology. New dates for these papers will be announced later, a spokesman of the Punjab University said.
Published 30 Dec, 2007 12:00am
Benazir's death termed as a national tragedy

Benazir's death termed as a national tragedy

A special meeting of Punjab University Deans Committee under the chairmanship of university vice-chancellor, Professor Dr Muhammad Arif Butt held here on Saturday to condole the death of Benazir Bhutto. The meeting passed a resolution expressing condolenc
Published 30 Dec, 2007 12:00am
Anti-militant alliance: Benazir's death rocks Afghan hopes

Anti-militant alliance: Benazir's death rocks Afghan hopes

Benazir Bhutto's death has rocked the Afghan government, which had seen in her the chance of a closer alliance with Pakistan against extremism despite her links to the Taliban's creation, officials said.
Published 30 Dec, 2007 12:00am
SCBA condemns targeted killing of Benazir

SCBA condemns targeted killing of Benazir

The Supreme Court Bar Association (SCBA) has condemned the targeted killing of former premier Benazir Bhutto and demanded an independent enquiry. Office-bearers and members of SCBA held protest and offered Ghaibana Nimaz-e-Jinnaza and recited the Quran at
Published 30 Dec, 2007 12:00am
Lahore remains in a state of shock

Lahore remains in a state of shock

A day after the burial of Mohtarma Benazir Bhutto, Lahore remained in a state of shock on Saturday with People's Party workers taking to streets in different parts of the provincial metropolis to protest the assassination of their beloved leader.
Published 30 Dec, 2007 12:00am
Entire Karachi remains closed

Entire Karachi remains closed

On Saturday, the second day of mourning of the killing of Benazir Bhutto, the entire city of Karachi remained closed, including private clinics, hospitals and drugstores which created hardships for people on medication.
Published 30 Dec, 2007 12:00am
Entire Karachi remains closed

Entire Karachi remains closed

On Saturday, the second day of mourning of the killing of Benazir Bhutto, the entire city of Karachi remained closed, including private clinics, hospitals and drugstores which created hardships for people on medication.
Published 30 Dec, 2007 12:00am
Mourning continues

Mourning continues

Mourning and protests continued across Sindh on Saturday following the assassination of Chairperson of Pakistan People's Party (PPP) Ms Benazir Bhutto.
Published 30 Dec, 2007 12:00am
Fake degree holders

Fake degree holders

Like the October 2002 general elections, minimum qualification for the candidates contesting the next month's general election for the national and provincial legislatures is also graduation.
Published 30 Dec, 2007 12:00am
Lawyers' obligations

Lawyers' obligations

A lawyer, Quaid-i-Azam Muhammad Jinnah, had carved out Pakistan on the world map out of nowhere through his principled and statesman like leadership. Now, the lawyers are out on the streets for, what they describe, struggle to save Pakistan through restor
Published 30 Dec, 2007 12:00am
Rationale for a competition control agency-I

Rationale for a competition control agency-I

The rationale for a Competition Commission rests on the belief that the government's market-based policies relying on private sector as the engine for growth actually do very little to promote economic growth and efficiency if abuse by dominant firms and
Published 30 Dec, 2007 12:00am
A case of shocking apathy

A case of shocking apathy

Shocking, indeed, it is to learn from a Recorder Report appearing the other day that official apathy to the woes of the people inhabiting rural areas, where agriculture essentially belongs, has acquired ghastly proportions.
Published 30 Dec, 2007 12:00am
Difficult questions, in trying times

Difficult questions, in trying times

How perilous to national unity the situation that tends to obtain in the wake of Benazir Bhutto's assassination can become, some evidence was available within hours of the fateful happening. Life has come to a complete standstill, as arsonists cashing in
Published 30 Dec, 2007 12:00am
Fuel and food shortage hits residents of twin cities

Fuel and food shortage hits residents of twin cities

The fuel and food shortage in the twin cities of Islamabad and Rawalpindi is creating problems for the residents of the twin cities for the last three days. The situation emerged after the assassination of late PPP Chairperson Benazir Bhutto and declarati
Published 30 Dec, 2007 12:00am
Food shortage hits Karachiites

Food shortage hits Karachiites

The shortage of daily food items mainly milk, bread and vegetables has hit Karachiites as the supply remained discontinued on Saturday due to absence of transport.
Published 30 Dec, 2007 12:00am
'Nusrat Bhutto is alive'

'Nusrat Bhutto is alive'

Mother of Benazir Bhutto, Begum Nusrat Bhutto is alive said Ejaz Durrani, an official of Bilawal House Media Cell, here on Saturday afternoon. He contradicted rumours that Begum Nusrat Bhutto has passed away. "Begum Nusrat Bhutto is alive," Ejaz Durrani r
Published 30 Dec, 2007 12:00am
Karachi University exams postponed

Karachi University exams postponed

All regular, external and semester examinations of the University of Karachi (KU) have been postponed till further notice. A spokesman of Karachi University made the announcement here on Saturday.
Published 30 Dec, 2007 12:00am
Benazir's children, sister visit grave

Benazir's children, sister visit grave

The three children of slain PPP chairperson Benazir Bhutto- Bilawal, Bakhtawar and Asifa, accompanied by their aunt Sanam and party leader Sherry Rehman Saturday visited Garhi Khuda Bux, offered Fateha and laid floral wreath at the grave of their mother.
Published 30 Dec, 2007 12:00am
NLU to start functioning in March

NLU to start functioning in March

The National Law University (NLU) with campuses in all the four provinces will start functioning in March, an HEC official said. The official said the university would have linkages with other international institutions imparting legal education and carry
Published 30 Dec, 2007 12:00am
NWFP industrial units on verge of closure

NWFP industrial units on verge of closure

The growing uncertainty and lawlessness after the killing of Benazir Bhutto has brought all commercial and industrial activities in the country to a standstill.
Published 30 Dec, 2007 12:00am
Medical staff fail to reach hospitals

Medical staff fail to reach hospitals

Absence of doctors and paramedics at many of the hospitals on Saturday caused severe difficulties to the patients. The out- patient departments of most of the hospitals, remained closed and a few of the patients arriving were attended at the emergency sec
Published 30 Dec, 2007 12:00am
Egypt President condoles assassination

Egypt President condoles assassination

Egyptian President Hosni Mubarak has sent a condolence message to President Pervez Musharraf on the tragic death of PPP Chairperson Benazir Bhutto in Rawalpindi terrorist attack. In his message to the President, he said "It was with deep sadness and great
Published 30 Dec, 2007 12:00am
Diplomats and officials visit Pakistan Embassy for condolence

Diplomats and officials visit Pakistan Embassy for condolence

A number of diplomats and senior Chinese government officials here visited the Pakistan Embassy on Friday and Saturday to express their deep sense of grief and sorrow over the assassination of former Prime Minister Benazir Bhutto.
Published 30 Dec, 2007 12:00am
Six killed, over 250 arrested: Karachi violence continues

Six killed, over 250 arrested: Karachi violence continues

With roads littered with broken glass and charred shells of cars, city-wide incidents of violence and arson left at least six people killed and over 50 injured and public and private property worth incalculable amount torched on the third day of mourning
Published 30 Dec, 2007 12:00am
Protest, rallies add to miseries of people

Protest, rallies add to miseries of people

Protests and demonstrations continued for the third consecutive day on Saturday in the Federal capital against the brutal assassination of PPP Chairperson and former prime minister Benazir Bhutto in Rawalpindi on Thursday.
Published 30 Dec, 2007 12:00am
Army shifts stranded train passengers

Army shifts stranded train passengers

On the directive of General Officer Commanding (GOC) Major General Abdul Aziz Tariq, the army troops early Saturday morning shifted around 400 passengers of Karachi bound Awam Express from village Jalal Mari to Hyderabad, ISPR sources said.
Published 30 Dec, 2007 12:00am
Backlash of the horror

Backlash of the horror

The shock and horror, the utter beastliness and inhuman attacks on life and property, paralysing life in Karachi brought everything to a standstill. Except that murderous gangs got a free hand to kill, maim, loot, plunder, destroy and set ablaze whatever
Published 30 Dec, 2007 12:00am
Fire-fighters facing problem in reaching affected sites

Fire-fighters facing problem in reaching affected sites

Fire brigade department is facing problem in reaching the fire-affected sites due to alleged attacks on fire tenders by miscreants in the city. An official of fire brigade department told APP that miscreants attack fire tenders when they reach a spot to c
Published 30 Dec, 2007 12:00am
PIA requests passengers to recheck minor delays

PIA requests passengers to recheck minor delays

PIA domestic and international flight operations on Saturday resumed at all stations without cancellation - except minor delays, says a Press Release. Minor delays were experienced due to late reporting of passengers, crew and staff on duty because of log
Published 30 Dec, 2007 12:00am
Criminals on the rampage

Criminals on the rampage

While the grief-stricken followers of Pakistan People's Party in particular and others in general mourned the tragic death of Benazir Bhutto, criminals and antisocial elements went on the rampage, destroying public and private property at will.
Published 30 Dec, 2007 12:00am
Polls should be postponed if PPP so desires: Kasuri

Polls should be postponed if PPP so desires: Kasuri

Former foreign minister Khurshid Mehmood Kasuri has called upon leaders of all political parties to play their role in promoting national unity in vake of the challenges being confronted by the nation and the country.
Published 30 Dec, 2007 12:00am
APCEA office-bearers take oath

APCEA office-bearers take oath

The newly elected cabinet of All Pakistan Commercial Exporters Association (APCEA) Saturday took oath of the office and pledged to make collective efforts for the welfare of the members of the association.
Published 30 Dec, 2007 12:00am
Low gas pressure irks residents of twin cities

Low gas pressure irks residents of twin cities

Low pressure of Sui gas during chilly weather has perturbed the residents of the twin cities. The residents in various areas of the twin cities complained they were facing problems especially in kitchens due to low pressure of gas.
Published 30 Dec, 2007 12:00am
Six PPP activists die of shock, one commits suicide

Six PPP activists die of shock, one commits suicide

At least six activists of PPP including two women died of severe shock and one Khadim Hussain committed suicide by hanging himself with a girder after hearing the news of assassination of Benazir Bhutto in different areas of Southern Punjab.
Published 30 Dec, 2007 12:00am
Electioneering comes to complete halt

Electioneering comes to complete halt

All political activities and election campaign have become standstill after the murder of Pakistan Peoples Party (PPP) Chairperson Benazir Bhutto in Rawalpindi. In Sialkot district, the election halls, established by the candidates contesting on five Nati
Published 30 Dec, 2007 12:00am
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