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Sep 20, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2008-01-17
Dollar 2-1/2 year low in Asia

Dollar 2-1/2 year low in Asia

The dollar hit a 2-1/2 year low against the yen and a record low versus the Swiss franc on Wednesday, hurt by fears of a US recession and speculation about an early Federal Reserve interest rate cut.
Published 17 Jan, 2008 12:00am
Dollar falls against yen

Dollar falls against yen

The yen surged on Wednesday, rising to the highest level against the dollar since June 2005, as investors exited riskier assets after soft US retail sales data added to fears the economy could be headed for recession.
Published 17 Jan, 2008 12:00am
Bangladesh interbank forex, interest rates

Bangladesh interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Wednesday. 68.58/68.58 (previous 68.58/68.58). Call Money Rates: 7.00-20.00 percent (previous 7.00-22.00 percent.
Published 17 Jan, 2008 12:00am
Australian dollar dumped versus yen

Australian dollar dumped versus yen

The Australian dollar hit seven-week lows against the yen and was bogged down against the US currency on Wednesday, with investors shunning risky high-yield assets amid fears of a recession in the United States. Regional stock markets took their lead from
Published 17 Jan, 2008 12:00am
Most Asian currencies fall

Most Asian currencies fall

Most Asian currencies fell on Wednesday as investors shunned riskier assets because of fears of a US recession, but the Chinese yuan and Singapore dollar bucked the trend in a sign of the region's resilience. The high-flying Philippine peso fell as far as
Published 17 Jan, 2008 12:00am
Swiss franc at record high

Swiss franc at record high

The Swiss franc hit a record high on Wednesday against the dollar as worries about an economic slump in the United States weighed on the greenback and the Swiss National Bank applauded the franc's recent rise.
Published 17 Jan, 2008 12:00am
Zimbabwe face defeat

Zimbabwe face defeat

Zimbabwe's batting flopped for a second time in their four-day tour opener here, leaving them staring a heavy defeat in the face against the Patron's XI. The tourists slumped to 111-6 at close on the third day at the Defence Stadium, needing another 159 r
Published 17 Jan, 2008 12:00am
Gerrard treble gives Benitez a boost

Gerrard treble gives Benitez a boost

Rafa Benitez finally got some good news as Steven Gerrard's hat-trick helped Liverpool cruise into the FA Cup fourth round with a 5-0 win against crisis ridden League One outfit Luton on Tuesday. Benitez's position looks increasingly untenable after Liver
Published 17 Jan, 2008 12:00am
Late wickets spoil strong Indian start

Late wickets spoil strong Indian start

India lost four wickets in the final session to undo much of their earlier good work with the bat on the first day of the third Test against Australia at the WACA here Wednesday. After Indian captain Anil Kumble won the toss and elected to bat, the touris
Published 17 Jan, 2008 12:00am
Barcelona oust Sevilla from King's Cup throne

Barcelona oust Sevilla from King's Cup throne

Barcelona ended Sevilla's reign as King's Cup holders here on Tuesday as a dull 0-0 draw was sufficient to see the Catalan giants through in their last 16 second leg clash. Barcelona progressed thanks to the away goal rule as the first leg had finished 1-
Published 17 Jan, 2008 12:00am
Capello investigated for tax evasion

Capello investigated for tax evasion

Prosecutors in Turin are investigating new England manager Fabio Capello for suspected tax evasion, Italian media reported on Wednesday. The inquiry, which was opened some months ago, regards earnings Capello received during his time at Roma and Juventus,
Published 17 Jan, 2008 12:00am
Saqlain Mushtaq to play for England

Saqlain Mushtaq to play for England

Former Pakistan off-spinner Saqlain Mushtaq has said he would like to play for England once he qualifies in April. Saqlain, 31, who took 208 wickets in 49 tests for Pakistan, has played county cricket for 10 years and possesses a British passport through
Published 17 Jan, 2008 12:00am
Right-wing party quits Israeli government

Right-wing party quits Israeli government

A right-wing party quit Israeli Prime Minister Ehud Olmert's government on Wednesday, condemning his peace talks with the Palestinians and leaving him even more politically vulnerable.
Published 17 Jan, 2008 12:00am
Barroso hits back at critics of climate plan

Barroso hits back at critics of climate plan

European Commission President Jose Manuel Barroso hit back on Wednesday at criticism from member states and industry of planned radical proposals to fight climate change and save energy.
Published 17 Jan, 2008 12:00am
Fidel Castro says he is not fit for speeches

Fidel Castro says he is not fit for speeches

Hours after visiting Brazilian President Luiz Inacio Lula da Silva said ailing Cuban leader Fidel Castro was in "impeccable" health, Castro told local media he was not fit for public speaking.
Published 17 Jan, 2008 12:00am
Queen 'concerned' about Diana's dates with Dodi: former butler

Queen 'concerned' about Diana's dates with Dodi: former butler

Queen Elizabeth II had been "concerned" about Princess Diana's relationship with Dodi Fayed in 1997, former royal butler Paul Burrell told the London inquest into their deaths on Wednesday. Burrell said the monarch told him Diana had been "over-excited" a
Published 17 Jan, 2008 12:00am
Russia must find missing Chechens: Red Cross

Russia must find missing Chechens: Red Cross

The International Red Cross appealed to Russia on Wednesday to speed up work in discovering the fate of more than 1,000 people who have disappeared in war-torn North Caucasus over the last 20 years.
Published 17 Jan, 2008 12:00am
India to cull tough words from Urdu syllabus

India to cull tough words from Urdu syllabus

India is planning to make the tricky task of learning Urdu easier - by leaving difficult words off the school syllabus, a report said on Wednesday. The National Council of Education Research, which prepares school curriculums, has been ordered to replace
Published 17 Jan, 2008 12:00am
Netherlands summons: US ambassador after Gates comments

Netherlands summons: US ambassador after Gates comments

The Dutch government has summoned the US ambassador here to explain comments from US Defence Secretary Robert Gates, who criticised Nato forces in southern Afghanistan in a report on Wednesday.
Published 17 Jan, 2008 12:00am
Nato chief defends allies in south Afghanistan

Nato chief defends allies in south Afghanistan

Nato Secretary General Jaap de Hoop Scheffer defended Wednesday allied troops fighting a Taliban-led insurgency in south Afghanistan, following criticism from US Defence Secretary Robert Gates. Gates told the Los Angeles Times newspaper that international
Published 17 Jan, 2008 12:00am
Severe cold, snow claim 120 lives in Afghanistan

Severe cold, snow claim 120 lives in Afghanistan

Two weeks of heavy snowfalls, avalanches and severe cold in Afghanistan have killed 120 people and tens of thousands of domestic animals, government officials said Wednesday.
Published 17 Jan, 2008 12:00am
Canada sacks nuclear watchdog

Canada sacks nuclear watchdog

The Canadian government fired the country's top nuclear watchdog late on Tuesday, criticising her for how she handled the closure of a key reactor which makes medical radioisotopes.
Published 17 Jan, 2008 12:00am
Romney keeps hopes alive as Democrats call truce in race row

Romney keeps hopes alive as Democrats call truce in race row

Republican White House hopeful Mitt Romney touted his business background as a balm in turbulent times on Wednesday as worries about the stuttering US economy moved to the foreground of the presidential contest.
Published 17 Jan, 2008 12:00am
Iran and Syria must end Lebanon interference, says Bush

Iran and Syria must end Lebanon interference, says Bush

US President George W. Bush said on Wednesday that Syria and Iran must end interference in Lebanese politics, and called for nations in the region to support Prime Minister Fouad Siniora.
Published 17 Jan, 2008 12:00am
Kenya police battle protesters; two dead

Kenya police battle protesters; two dead

Kenyan police fought hundreds of protesters in trouble spots across the country on Wednesday, killing two as the opposition defied a ban on rallies against President Mwai Kibaki's disputed re-election. In the western towns of Kisumu and Eldoret, in the ca
Published 17 Jan, 2008 12:00am
Bush to answer public's Middle East questions online

Bush to answer public's Middle East questions online

In a first, US President George W. Bush on Wednesday was to answer questions submitted through the official White House Internet site about his week-long trip to the Middle East, a spokesman said.
Published 17 Jan, 2008 12:00am
Britain warns Russia after Council staff summoned

Britain warns Russia after Council staff summoned

Britain warned Russia on Wednesday any attempt to intimidate staff of its cultural arm was "completely unacceptable" after Russia's state security service summoned local employees to speak to its officers.
Published 17 Jan, 2008 12:00am
Rains lash some desert Gulf states

Rains lash some desert Gulf states

Rare torrential rains in the United Arab Emirates forced schools to close on Wednesday and created traffic nightmares in the desert country, while neighbouring Saudi Arabia and Kuwait shivered.
Published 17 Jan, 2008 12:00am
Sri Lanka bus blast kills 26

Sri Lanka bus blast kills 26

A roadside bomb ripped through a Sri Lankan bus killing 26 people and wounding dozens on Wednesday, officials said, as a six-year ceasefire between the government and Tamil Tiger rebels officially expired.
Published 17 Jan, 2008 12:00am
Air strike kills three members of Gazan family and leader

Air strike kills three members of Gazan family and leader

Israel killed three members of a Gazan family in a botched air strike on Wednesday and shot dead a West Bank militant leader a day after Palestinians said some of the worst violence since late 2006 could hurt peace moves.
Published 17 Jan, 2008 12:00am
Recession, rate cut fears hit dollar

Recession, rate cut fears hit dollar

The dollar hit a 2-1/2 year low against the yen and a record trough versus the Swiss franc on Wednesday, as weak data led to growing fears of a US recession and expectations of hefty interest rate cuts. A dismal reading of December retail sales on Tuesday
Published 17 Jan, 2008 12:00am
Sterling rises

Sterling rises

Sterling recovered from this week's record lows versus the euro on Wednesday, as investors took profits after dumping the currency for much of the year so far on expectations of slowing growth and lower interest rates.
Published 17 Jan, 2008 12:00am
India rupee dips

India rupee dips

The Indian rupee drifted away from a near decade high on Wednesday, weighed by concerns that a recession in the United States would spur a wave of risk reduction, though capital inflows remained buoyant, dealers said.
Published 17 Jan, 2008 12:00am
Crossover hits near six-month high

Crossover hits near six-month high

Spreads on a key index of riskier European credit hit a near 6-month high on Wednesday, as stocks fell on both sides of the Atlantic on fresh concerns about a looming US recession.
Published 17 Jan, 2008 12:00am
Crossover hits near six-month high

Crossover hits near six-month high

Spreads on a key index of riskier European credit hit a near 6-month high on Wednesday, as stocks fell on both sides of the Atlantic on fresh concerns about a looming US recession.
Published 17 Jan, 2008 12:00am
Malaysian stocks plummet

Malaysian stocks plummet

Malaysian share prices ended sharply lower Wednesday, dropping 3.5 percent amid growing fears the United States may be on the verge of a recession, dealers said. They said plantation stocks, selected big-caps and blue chips led the decline.
Published 17 Jan, 2008 12:00am
Spreads in Asian bond surge to record high

Spreads in Asian bond surge to record high

Spreads in Asian bonds surged to a record high on Wednesday after Citigroup posted its biggest quarterly loss, heightening fears of continued US subprime-related write-downs by global lenders.
Published 17 Jan, 2008 12:00am
Spreads in Asian bond surge to record high

Spreads in Asian bond surge to record high

Spreads in Asian bonds surged to a record high on Wednesday after Citigroup posted its biggest quarterly loss, heightening fears of continued US subprime-related write-downs by global lenders.
Published 17 Jan, 2008 12:00am
Chinese stocks down

Chinese stocks down

Chinese key stock index closed down 2.81 percent on Wednesday, led by financial and property stocks and sparked by a sell-off in Hong Kong and elsewhere amid fears that the US economy may slide into recession.
Published 17 Jan, 2008 12:00am
Philippines shares down

Philippines shares down

Philippines share prices closed 2.8 percent lower on Wednesday on heightened fears the United States could sink into recession, dealers said. Weaker-than-expected US retail sales in December and a massive loss for Citigroup further unsettled global market
Published 17 Jan, 2008 12:00am
FTSE falls as US recession fears weighed

FTSE falls as US recession fears weighed

Britain's leading shares fell 1.4 percent on Wednesday, after a briefly rise midway through the session, as US recession fears and commodity stocks weighed. The FTSE 100 ended down 82.7 points at 5,942.9 after plunging 3 percent on Tuesday after US bank C
Published 17 Jan, 2008 12:00am
Cheap power fuels Middle East aluminium expansion

Cheap power fuels Middle East aluminium expansion

Middle East aluminium producers are shrugging off record global energy prices as they exploit a competitive advantage of cheap gas-generated electricity and a construction boom to increase world market share. Analysts say that the oil and gas rich region
Published 17 Jan, 2008 12:00am
London sugar sprints; cocoa and coffee ease

London sugar sprints; cocoa and coffee ease

White sugar futures staged a late short-covering rally to seven-month highs, bucking the downward trend in soft commodities such as coffee and cocoa which drifted to a lower close, traders said. Benchmark March sugar finished $7.90 up, at $337.20 per tonn
Published 17 Jan, 2008 12:00am
Oil falls as US stocks build, economy weighs

Oil falls as US stocks build, economy weighs

Oil prices fell on Wednesday on a sharp increase in US crude oil inventories and rising concerns that economic problems could erode fuel demand in the world's top energy consumer. US crude settled down $1.06 at $90.84 a barrel, after falling to $89.26, th
Published 17 Jan, 2008 12:00am
Asian buyers plan their own checks on cloned meat

Asian buyers plan their own checks on cloned meat

Japan, heavily dependent on food imports, will make its own checks on the safety of cloned animals as food, deemed safe by US regulators, but it is in no hurry to start, a government official said on Wednesday.
Published 17 Jan, 2008 12:00am
Copper slides

Copper slides

Copper prices slid to one-week lows on Wednesday as investor confidence crumbled in the face of a deteriorating outlook for global economic growth and demand for the metal used in power and construction.
Published 17 Jan, 2008 12:00am
New York cotton futures end lower

New York cotton futures end lower

Cotton futures settled softer Wednesday on speculative fund sales but losses were pared by the market's ability to hold its lows and a late rally in wheat values in Chicago, brokers said. ICE Futures' open-outcry March cotton contract slipped 0.38 cent to
Published 17 Jan, 2008 12:00am
Egypt's GASC seeks wheat shipment

Egypt's GASC seeks wheat shipment

The Egyptian state's main wheat buying agency said Wednesday it wanted to buy 55,000 to 60,000 tonnes of US, French, Australian, Canadian, German, Argentine and/or Kazakhstan wheat for shipment February 5 to 20.
Published 17 Jan, 2008 12:00am
London gold falls more than two percent

London gold falls more than two percent

Gold prices fell more than 2 percent on Wednesday in volatile activity, with profit-taking sparked by failing oil prices and a euro under pressure versus the dollar. Bullion dropped sharply in early trade as weaker oil prices encouraged investors to take
Published 17 Jan, 2008 12:00am
US MIDDAY: coffee and cocoa lower

US MIDDAY: coffee and cocoa lower

Arabica coffee and US cocoa futures corrected lower early on Wednesday, after fund buying that recently pushed prices higher dried up, traders said. "You don't see any evidence of the hedge fund, black box or index community in the way of buyers that you'
Published 17 Jan, 2008 12:00am
US MIDDAY: sugar descends

US MIDDAY: sugar descends

Raw sugar futures slumped early Wednesday on speculative fund sales as the market took its cue from a sell-off in other commodity markets, brokers said. ICE Futures electronic March sugar contract was down 0.15 cent at 11.32 cents per lb at 9:15 am EST (1
Published 17 Jan, 2008 12:00am
US MIDDAY: wheat tumbles

US MIDDAY: wheat tumbles

US wheat futures were lower at midsession on Wednesday on profit-taking and as recession fears triggered a broad sell-off in commodities, traders said. Soyabeans and corn were down as well, backing off fresh highs set this week. Crude oil and gold prices
Published 17 Jan, 2008 12:00am
US MIDDAY: corn dips

US MIDDAY: corn dips

US corn futures plunged 2 percent on Wednesday in a setback from recent rallies to 11-year highs and on mounting concerns about a potential recession, traders said. Traders said steep slides in crude oil and gold also weighed on the corn market and trader
Published 17 Jan, 2008 12:00am
US MIDDAY: copper falls

US MIDDAY: copper falls

US copper futures fell before steadying on lower ground early on Wednesday after US industrial production data failed to surprise on the downside, providing mild support for prices, brokers said.
Published 17 Jan, 2008 12:00am
US MIDDAY: gold sags

US MIDDAY: gold sags

New York gold futures recouped initial heavy losses but still traded lower on falling energy prices on Wednesday, as Goldman Sachs raised its gold price targets and the dollar gave back some early strength.
Published 17 Jan, 2008 12:00am
NHA maps out Rs 3.12 trillion roads network project

NHA maps out Rs 3.12 trillion roads network project

A National Highway Authority meeting has revealed that it has mapped out a gigantic network project to build new roads costing Rs 3.12 trillion to speed up transportation of goods from the Karachi, Ormara, Bin Qasim and Gwadar Ports to the country's upper
Published 17 Jan, 2008 12:00am
Food committee

Food committee

Finally, President Pervez Musharraf has taken serious note of the non-availability, and resultantly high price, of wheat flour and has established a Federal Food Committee for ensuring its market availability at an affordable price.
Published 17 Jan, 2008 12:00am
Who is he?

Who is he?

Yes. Who is Muhammad ElBaradei? Newspaper reports say he heads the world body IAEA. But can the chief of such an important international organisation be so irresponsible that he first makes a statement, creates stir all over and then a clarification has t
Published 17 Jan, 2008 12:00am
Surgery helps mutilated war victims rejoin society

Surgery helps mutilated war victims rejoin society

The first time a knife was put to Anna Alwoch's face, her lips were hacked off by rebels. The following two times, surgeons rebuilt her mouth - and the process is almost complete.
Published 17 Jan, 2008 12:00am
Boom in China's budget hotel industry

Boom in China's budget hotel industry

German engineer Michael Bosch is not fazed by the lack of a gym and other creature comforts at his budget hotel in a converted Shanghai office building. He's stayed at such hotels on nearly a dozen trips to Chinese cities.
Published 17 Jan, 2008 12:00am
Port marketing: organisation and planning

Port marketing: organisation and planning

When we define marketing as an important function in port management we have to find an organisation system under which direct reporting of all market activities to the executive management level is ensured besides exercising direct control as far as thes
Published 17 Jan, 2008 12:00am
Conserving energy with care and caution

Conserving energy with care and caution

It is after all somewhat comforting to learn that the special meeting on energy crisis chaired by Caretaker Prime Minister Mohammedmian Soomro the other day, decided not only to revive the Energy Conservation Council, but also vowed to immediately impleme
Published 17 Jan, 2008 12:00am
Put a brake on rapid urbanisation

Put a brake on rapid urbanisation

Pakistan is urbanising at an alarming pace. A recent UN Population Fund (UNFPA) report highlights the issue iterating the startling fact that the present level of urbanisation in the country is the highest in South Asia. Among the provinces Sindh is the m
Published 17 Jan, 2008 12:00am
Mobilink allowed to install PCOs at railway stations

Mobilink allowed to install PCOs at railway stations

Pakistan Railways (PR) has allowed Mobilink to operate and install PCO facility at the railway stations across the country, source in the Ministry of Railways told APP on Wednesday. Source said, "We are taking this initiative on a number of complaints rec
Published 17 Jan, 2008 12:00am
Muharram processions: stickers to be issued for vehicles

Muharram processions: stickers to be issued for vehicles

The DIG Traffic Karachi has said that it will be mandatory for participants of mourning processions to get stickers to be displayed on wind screens of their vehicles in order to become part of processions taken out from Nishter Park to Hussainian Iranian
Published 17 Jan, 2008 12:00am
Flour situation improving

Flour situation improving

The flour crisis is gradually coming to an end, despite some disturbing reports, in the interior of Sindh after the establishment of sale points and stalls which are selling this staple food at controlled price under the supervision of Rangers personnel.
Published 17 Jan, 2008 12:00am
BSEK competition results

BSEK competition results

The Director Educational Research of Board of Secondary Education Karachi (BSEK) has announced the competition results on Wednesday, which was conducted on December 18, in connection with the Anti-Corruption Day 2007.
Published 17 Jan, 2008 12:00am
MQM chief for greater national unity

MQM chief for greater national unity

MQM Founder and Leader Altaf Hussain has appealed to all the political and religious party leaders to rise above their personal and party's interests for the sake of national interest as Pakistan's sovereignty, security and independence is at stake.
Published 17 Jan, 2008 12:00am
AJK President and Prime Minister discuss reconstruction activities

AJK President and Prime Minister discuss reconstruction activities

President of Azad Kashmir Raja Muhammad Zulqarnain Khan held talks with Prime Minister Sardar Attique Ahmed Khan here at President House and discussed the reconstruction activities. The AJK premier briefed the President about the reconstruction and rehabi
Published 17 Jan, 2008 12:00am
Japan to provide Rs 580 million for improving sewerage system

Japan to provide Rs 580 million for improving sewerage system

The Japan government is considering to provide Rs 580 million to Wasa's Project Management Unit (PMU) for improving sewerage system in the city. According to PMU spokesman, this amount would be spent to replace 16 old sewage pumps with heavy ones in three
Published 17 Jan, 2008 12:00am
KPT handled 86,248 metric tons of cargo

KPT handled 86,248 metric tons of cargo

Karachi Port Trust (KPT) handled 86,248 metric ton cargo, including 62,808 metric ton import cargo and 23,440 metric ton export cargo during the last 24 hours here on Wednesday.
Published 17 Jan, 2008 12:00am
'Government to assist to distressed women'

'Government to assist to distressed women'

Sindh Women Development Minister, Nadira Panjwani has said that Women Development Department will extend every support and help to distressed women in particular victims of rape and domestic violence. This she stated during her meeting with representative
Published 17 Jan, 2008 12:00am
Hoax bomb call creates panic in SHC

Hoax bomb call creates panic in SHC

A hoax bomb call resulted in an emergency drill for volunteers of Hilal-e-Ahmar, Edhi and Preedy Police who rushed to Sindh High Court for search and rescue here on Wednesday after noon. According to details, a hoax bomb call was received by an official.
Published 17 Jan, 2008 12:00am
ARL organises blood donation camp

ARL organises blood donation camp

The Attock Refinery Limited (ARL) in view of Muharramul Haram organised a blood donation camp in league with Attock Hospital Limited (AHL) and Armed Forces Institute of Transfusion (AFIT). More than 350 persons donated blood. The camp was organised at Att
Published 17 Jan, 2008 12:00am
Islamabad has two food inspectors

Islamabad has two food inspectors

Federal Capital Islamabad inhabits more than one million people but its administration has only two food inspectors to check the quality of edibles available in the markets.
Published 17 Jan, 2008 12:00am
APFEA election

APFEA election

In the recently held elections of All Pakistan Furniture Exporters' Association (APFEA), Turhan Baig Mohammed has been elected as Central Chairman of the association for the term 2007-08, says a press release.
Published 17 Jan, 2008 12:00am
Memorial meeting for Gulgee today

Memorial meeting for Gulgee today

A memorial meeting to pay tribute to late Ismail Gulgee will be held at the Fomma-DHA Art Centre, Karachi today at 4:30 pm, says a press release. Those who will attend the meeting as speakers include Marjorie Husain, Javed Jabbar and Zuffiqar Ali Lakhani,
Published 17 Jan, 2008 12:00am
CTM being outsourced to CROs

CTM being outsourced to CROs

Clinical Trial Management (CTM) is being outsourced by the multinational pharmaceutical industry to Asian and Eastern European Contract Research Organisations (CROs) often being the destination of a business expected to reach volumes of $20 billion by 201
Published 17 Jan, 2008 12:00am
PSMA says sugar industry facing serious crisis

PSMA says sugar industry facing serious crisis

Sugar industry of Sindh is currently in a critical financial crisis due to high cost of sugar production, sharply contrasted by continuously plummeting sugar prices due to huge load of excessive availability of sugar, accentuated by largest imports at 1,5
Published 17 Jan, 2008 12:00am
Training course on securities markets from January 29

Training course on securities markets from January 29

The Karachi Stock Exchange (KSE), in collaboration with Institute of Securities, Management and Research is organising a training course on securities market for market operators, investors, traders and employees of the KSE members from January 29, 2008 i
Published 17 Jan, 2008 12:00am
Traders to close markets at 9pm

Traders to close markets at 9pm

Traders' representative body Qaumi Tajir Ittehad Lahore has decided to close markets at 9:00 pm on account of current electricity crisis in the country. The decision to this effect was taken at executive council meeting of Qaumi Tajir Ittehad Lahore chair
Published 17 Jan, 2008 12:00am
Small traders reject early closure of shops

Small traders reject early closure of shops

A meeting of small trades held here at Karachi Chamber of Commerce and Industry (KCCI) on Wednesday unanimously rejected the government decision to close shops at 7.30 pm in the city. The meeting passed a resolution unanimously demanding the government to
Published 17 Jan, 2008 12:00am
'LPG price still stable in market'

'LPG price still stable in market'

Chairman Liquefied Petroleum Gas (LPG) Distributors' Association, Abdul Hadi Khan has said that price of LPG is still stable in the market. In a Press Release issued here on Wednesday, he said that marketing companies and LPG agents were spreading wrong i
Published 17 Jan, 2008 12:00am
Oman may recruit 40 gynaecologists, 100 nurses: OEC

Oman may recruit 40 gynaecologists, 100 nurses: OEC

A delegation from Oman is expected to visit Pakistan soon to recruit over 40 female gynaecologists and 100 female medical attendants, officials in Overseas Employment Corporation (OEC) told Business Recorder on Wednesday.
Published 17 Jan, 2008 12:00am
Authorities directed to set up family welfare centres

Authorities directed to set up family welfare centres

Chairman Water and Power Development Authority (Wapda), Shakil Durrani has directed the concerned authorities to establish family welfare centres at Wapda's hospitals and dispensaries in coordination with the Ministry of Population Welfare and respective
Published 17 Jan, 2008 12:00am
'Country has 125,000 tonnes of wheat reserves'

'Country has 125,000 tonnes of wheat reserves'

Pakistan has 125,000 tonnes of wheat reserves and the government will procure two million tonnes more in March and April to end the current wheat and flour crisis in the country, Senator Dilawar Abbas, Punjab Minister for Food and Agriculture told a news
Published 17 Jan, 2008 12:00am
Labelling and marking system: EU raises several additional questions

Labelling and marking system: EU raises several additional questions

The European Union has raised several additional questions on WTO trade policy review of Pakistan-2008. It has asked: Is Pakistan determined to implement measures in order to harmonise the labelling and marking system and, if so, what measures does it int
Published 17 Jan, 2008 12:00am
Fazl opposes national government formation

Fazl opposes national government formation

The Central Amir of Jamiat Ulema-i-Islami-Fazl (JUI-F), Maulana Fazl-ur-Rehman, while rejecting formation of national government, on Wednesday said country cannot afford any further delay in holding of the general elections.
Published 17 Jan, 2008 12:00am
Indian High Commissioner meets Nawaz

Indian High Commissioner meets Nawaz

Indian High Commissioner in Pakistan, Satya Brata Paul on Wednesday met PML-N chief, Nawaz Sharif at his residence in Lahore to discuss matters of mutual interest. Party sources said both exchanged views on the upcoming elections. Nawaz also apprised the
Published 17 Jan, 2008 12:00am
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