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Nov 15, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2008-01-24
Yuan hits high

Yuan hits high

The yuan hit a post-revaluation high against the dollar on Wednesday after the Chinese central bank set a much higher reference rate, amid expectations that the large US interest rate cut would add to yuan appreciation.
Published 24 Jan, 2008 12:00am
Yen regains footing, worries linger

Yen regains footing, worries linger

The yen regained its footing against higher-yielding currencies on Wednesday as worries about financial market turmoil lingered despite an emergency interest rate cut by the US Federal Reserve. Higher-yielding currencies rose initially after the Fed cut t
Published 24 Jan, 2008 12:00am
Surprise Fed rate cut sparks US dollar sell-off

Surprise Fed rate cut sparks US dollar sell-off

The dollar tumbled against major currencies except the yen on Tuesday after the Federal Reserve unexpectedly slashed its benchmark overnight lending rate in an attempt to allay market fears of a US recession. The Fed's emergency move to cut rates by three
Published 24 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 7.00-18.00 percent.
Published 24 Jan, 2008 12:00am
Swiss franc flat

Swiss franc flat

The Swiss franc was trading near flat versus the euro on Wednesday, but was expected to strengthen later as investors take flight to less risky investments as uncertainty in equity markets persists.
Published 24 Jan, 2008 12:00am
Asian currencies rally

Asian currencies rally

Asian currencies rebounded on Wednesday after a deep Federal Reserve interest rate cut boosted interest in risky assets, but investors awaited further US policy easing to head off a recession. Regional currencies have been hit in recent sessions by height
Published 24 Jan, 2008 12:00am
Serena to play in Bangalore Open

Serena to play in Bangalore Open

Former world number one Serena Williams will play in the WTA Bangalore Open this year, organisers said on Wednesday. The 26-year-old American, winner of eight grand slam titles, had pulled out of the event last year due to illness.
Published 24 Jan, 2008 12:00am
Super six football league: PEL, PPWD meeting today

Super six football league: PEL, PPWD meeting today

The ninth encounter of Super Six of Pakistan Football Federation League will be played on Thursday when Pak Elektron Limited (PEL) will lock horns with Pakistan Public Works Department (PPWD) at lush green grassy field of Model Town Football Academy groun
Published 24 Jan, 2008 12:00am
Chang among three elected to International Hall of Fame

Chang among three elected to International Hall of Fame

Michael Chang, the French Open's youngest men's champion, was among three people voted into the International Tennis Hall of Fame for 2008, the sport's honour shrine announced Wednesday.
Published 24 Jan, 2008 12:00am
Egypt stake claim with rout of Cameroon

Egypt stake claim with rout of Cameroon

Egypt sent a warning to rivals for their African Nations Cup crown when they crushed Cameroon 4-2 in the Group C opener in Kumasi on Tuesday. Striker Mohamed Zidan scored a double and Hosni Abd Rabou also struck twice for the five-times African champions
Published 24 Jan, 2008 12:00am
Spurs rout Arsenal 5-1 to reach League Cup final

Spurs rout Arsenal 5-1 to reach League Cup final

Tottenham Hotspur reached the League Cup final after ending a nine-year winless streak against Arsenal on Tuesday, an emphatic 5-1 victory earning a 6-2 aggregate triumph over their weakened north London neighbours.
Published 24 Jan, 2008 12:00am
India, Australia to finalise teams at last minute

India, Australia to finalise teams at last minute

Australia captain Ricky Ponting and his India counterpart Anil Kumble said they would not finalise their teams for the fourth and final Test until just before the match starts Thursday.
Published 24 Jan, 2008 12:00am
Venus, Blake ousted as Europeans dominate

Venus, Blake ousted as Europeans dominate

Europe tightened its stranglehold on the Australian Open when America's sole survivors were blasted out of the quarter-finals on Wednesday. Venus Williams went the way of sister Serena, battered by a Serb baseliner, and James Blake was pulverised by Roger
Published 24 Jan, 2008 12:00am
Half of reformist candidates barred from Iran polls

Half of reformist candidates barred from Iran polls

Iran's conservative vetting body has rejected more than half of the reformist candidates for March 14 parliamentary polls, a reformist spokesman said on Wednesday. Iranians are to choose a new parliament, in hugely significant polls in which moderates hav
Published 24 Jan, 2008 12:00am
Faulty fridges sends British warship back to base

Faulty fridges sends British warship back to base

The flagship of Britain's Royal Navy was forced to retreat back to base Wednesday - by fears about a fridge. The aircraft carrier HMS Illustrious sailed out Wednesday from Portsmouth on the southern English coast, the home of the fleet, to join multi-nati
Published 24 Jan, 2008 12:00am
Are Democrats favoured this year? or Republicans?

Are Democrats favoured this year? or Republicans?

A tottering US economy, an unpopular Iraq war, eight years of Republican control of the White House - it all adds up to a Democratic lock on the presidency in November's presidential election. Right? Well, maybe. And maybe not.
Published 24 Jan, 2008 12:00am
Thaksin's wife pleads not guilty

Thaksin's wife pleads not guilty

The wife of ousted Thai Prime Minister Thaksin Shinawatra pleaded not guilty on Wednesday to corruption charges against her and her husband, who she said would return from exile to fight them in May.
Published 24 Jan, 2008 12:00am
Bird flu threat still real: scientists

Bird flu threat still real: scientists

The world cannot afford to be complacent about the H5N1 bird flu virus despite its failure to trigger a human pandemic four years after sweeping across most of Asia, experts and officials said on Wednesday.
Published 24 Jan, 2008 12:00am
Prodi wins confidence vote

Prodi wins confidence vote

Italian Prime Minister Romano Prodi won a confidence vote in the lower house of parliament as expected on Wednesday, but faces a much more difficult task in the Senate, where he no longer has a majority. The centre-left government won by 326 votes against
Published 24 Jan, 2008 12:00am
Obama hurls new anti-Clinton broadsides

Obama hurls new anti-Clinton broadsides

White House hopeful Barack Obama came out firing against his tag-team Clinton opponents Wednesday as he battled to regain the initiative in the bad-tempered Democratic race.
Published 24 Jan, 2008 12:00am
Ahmadinejad to make landmark visit to Iraq

Ahmadinejad to make landmark visit to Iraq

President Mahmoud Ahmadinejad has accepted an invitation to visit Baghdad, Iraq's Foreign Ministry said on Wednesday, a landmark trip that would make him the first leader of Iran to visit its former foe.
Published 24 Jan, 2008 12:00am
Blasts and bullets kill 21 in Iraq

Blasts and bullets kill 21 in Iraq

Blasts and bullets killed at least 21 people in Iraq on Wednesday, among them 12 who died when a powerful booby-trap flattened buildings in northern Mosul city, police and the US military said. More than 142 people were wounded in the violence, most of th
Published 24 Jan, 2008 12:00am
Palestinians pour into Egypt from Gaza Strip

Palestinians pour into Egypt from Gaza Strip

Tens of thousands of Palestinians poured into Egypt from the Gaza Strip on Wednesday through a border wall destroyed by militants, and stocked up on food and fuel in short supply because of an Israeli blockade.
Published 24 Jan, 2008 12:00am
Kenyan police fire teargas at funeral

Kenyan police fire teargas at funeral

Police fired teargas to disperse stone-throwing youths outside an opposition funeral on Wednesday while former UN boss Kofi Annan tried to negotiate an end to Kenya's bloody political crisis.
Published 24 Jan, 2008 12:00am
China and India among worst environmental performers

China and India among worst environmental performers

European countries and some Latin American nations topped an environmental scorecard released Wednesday in Davos, way ahead of the United States and emerging economies like China and India. Switzerland, host of the annual World Economic Forum gathering, l
Published 24 Jan, 2008 12:00am
Iran vows to follow nuclear path despite sanctions

Iran vows to follow nuclear path despite sanctions

Iranian leaders vowed on Wednesday to press on with Tehran's disputed nuclear work regardless of any new UN sanctions, one day after world powers agreed the outline of a new resolution. "The Iranian nation has chosen its path and will continue with it," P
Published 24 Jan, 2008 12:00am
IAEA makes first visit to advanced Iran centrifuge site

IAEA makes first visit to advanced Iran centrifuge site

Iran has allowed top UN nuclear monitors to visit an advanced centrifuge development site for the first time in a gesture of transparency about its disputed atomic drive, diplomats familiar with the matter said.
Published 24 Jan, 2008 12:00am
Congo's Nkunda rebels sign peace pact with government

Congo's Nkunda rebels sign peace pact with government

Warring rebels and militias in eastern Democratic Republic of Congo signed a ceasefire deal on Wednesday aimed at ending conflict at the heart of one of the world's most deadly humanitarian catastrophes.
Published 24 Jan, 2008 12:00am
Nato invites Putin to April summit

Nato invites Putin to April summit

Nato Secretary-General Jaap de Hoop Scheffer has invited Russian President Vladimir Putin to attend an alliance summit in Bucharest in early April, a Nato spokesman said on Wednesday. If Putin accepts, it will be the first time a Russian leader has attend
Published 24 Jan, 2008 12:00am
Mortars kill five in Somalia

Mortars kill five in Somalia

Five people died in fighting on Wednesday around the Somali capital, where the African Union's peace and security commissioner had flown in to meet the new prime minister. Mortar strikes hit around the airport and the presidential palace after A.U. Peace
Published 24 Jan, 2008 12:00am
Afghan court sentences journalist to death

Afghan court sentences journalist to death

An Afghan court has handed down the death sentence to a local journalist found guilty of blasphemy, an official said on Wednesday. Sayed Perwiz Kambakhsh, 23, a reporter with the Jahan-e Now daily paper was sentenced on Tuesday by Balkh's primary court ha
Published 24 Jan, 2008 12:00am
Too soon to take North Korea off terror list: US

Too soon to take North Korea off terror list: US

North Korea cannot be taken off the list of state sponsors of terrorism until it has made a full declaration on its suspect nuclear activities, the White House said Wednesday. Asked if the US administration was about to remove Pyongyang from the list, Whi
Published 24 Jan, 2008 12:00am
Indian rupee drops

Indian rupee drops

The rupee was driven lower by suspected central bank intervention on Wednesday after investors bought the Indian unit anticipating strong capital inflows after the US Federal Reserve cut interest rates. The partially convertible rupee ended at 39.58/59 pe
Published 24 Jan, 2008 12:00am
Sterling tumbles

Sterling tumbles

Sterling tumbled to a near-two year low versus the yen and slid against the dollar on Wednesday as increased risk aversion and a view that UK interest rates are set to fall led investors to sell the pound.
Published 24 Jan, 2008 12:00am
Yen strengthens in London

Yen strengthens in London

The yen strengthened broadly on Wednesday as nervousness about the health of the global economy persisted despite a hefty cut in interest rates from the Federal Reserve on Tuesday.
Published 24 Jan, 2008 12:00am
European credit spreads seesaw

European credit spreads seesaw

European credit spreads seesawed on Wednesday, wiping out earlier gains as shares nose-dived again on market talk of more investment bank write-downs and fears that the United States is on the brink of recession.
Published 24 Jan, 2008 12:00am
European credit spreads seesaw

European credit spreads seesaw

European credit spreads seesawed on Wednesday, wiping out earlier gains as shares nose-dived again on market talk of more investment bank write-downs and fears that the United States is on the brink of recession.
Published 24 Jan, 2008 12:00am
Wednesday's mid-afternoon trade: market extends slide, led by Nasdaq

Wednesday's mid-afternoon trade: market extends slide, led by Nasdaq

US stocks fell for a sixth session on Wednesday, led by the Nasdaq's drop of more than 2 percent as profit forecasts from Apple Inc and Motorola fanned worries about a recession and the outlook for tech. For the second day, the Nasdaq crossed the threshol
Published 24 Jan, 2008 12:00am
Asian bonds jumps

Asian bonds jumps

Asian bonds jumped on Wednesday after an emergency interest rate cut by the Federal Reserve, but investors said they were still nervous a US recession would hurt the region's economic prospects.
Published 24 Jan, 2008 12:00am
Asian bonds jumps

Asian bonds jumps

Asian bonds jumped on Wednesday after an emergency interest rate cut by the Federal Reserve, but investors said they were still nervous a US recession would hurt the region's economic prospects.
Published 24 Jan, 2008 12:00am
Chinese stocks surge

Chinese stocks surge

China's main stock index surged over 3 percent on Wednesday, partially recovering from massive losses in recent days, after regulators approved new domestic fund products in an apparent effort to support the market.
Published 24 Jan, 2008 12:00am
Britain's top share index slips

Britain's top share index slips

Britain's top shares slid 2.3 percent on Wednesday, as market turbulence swept through Europe and Wall Street dipped its toes into bear market territory amid persistent fears of a US recession. A surprise US rate cut of 75 basis points to 3.5 percent the
Published 24 Jan, 2008 12:00am
No quick recovery for nickel prices

No quick recovery for nickel prices

Nickel prices are likely to remain weak for several months as a much-heralded recovery in the stainless steel sector has not yet taken off and ample quantities of pig iron are boosting substitution. Analysts had expected stainless steel producers to retur
Published 24 Jan, 2008 12:00am
London coffee climbs to 9-1/2-year high

London coffee climbs to 9-1/2-year high

London robusta coffee futures climbed to a fresh nine-and-a-half year high on Wednesday, buoyed by renewed fund buying before a sharp setback in New York's arabica market helped to erase gains in late trade. Cocoa futures ended higher, also boosted by fun
Published 24 Jan, 2008 12:00am
Oil hits three-month low on recession fears

Oil hits three-month low on recession fears

Oil tumbled more than 2 percent to a three-month low below $87 a barrel on Wednesday amid persistent worries of a recession in top energy consumer the United States. US crude settled down $2.22 to $86.99 a barrel, the lowest settlement since October 23. L
Published 24 Jan, 2008 12:00am
Vietnam sees rubber output up

Vietnam sees rubber output up

Vietnam's natural rubber production would rise 13 percent this year to 680,000 tonnes to meet growing demand at home and abroad, an industry official said on Tuesday. "The output is expected to increase steadily every year until 2010, thanks to advanced p
Published 24 Jan, 2008 12:00am
New York cotton near five-week low

New York cotton near five-week low

Cotton futures settled on Wednesday near a five-week low as the speculative fund selling that hammered the grains complex spilled into the ring and analysts say more losses are likely if fund accounts keep pounding grains contracts. ICE Futures' open-outc
Published 24 Jan, 2008 12:00am
Copper descends

Copper descends

Copper drifted lower on Wednesday as fears of a looming recession in the United States persisted despite an aggressive rate cut by the US Federal Reserve. Copper for three-month delivery on the London Metal Exchange ended the day at $6,870 a tonne, down $
Published 24 Jan, 2008 12:00am
Gold pares losses

Gold pares losses

Gold pared most of its losses in volatile trade on Wednesday on safe-haven buying and bargain hunting at lower price levels, traders said. Longer-term sentiment remained strong and the metal was expected to exceed this year's historic highs of $914 an oun
Published 24 Jan, 2008 12:00am
US MIDDAY: coffee and cocoa down

US MIDDAY: coffee and cocoa down

Arabica coffee and US cocoa futures eased in early trade on Wednesday, keeping within the previous day's ranges and feeling pressure from outside markets, traders said.
Published 24 Jan, 2008 12:00am
US MIDDAY: sugar tumbles

US MIDDAY: sugar tumbles

Raw sugar futures fell in the face of speculative and fund sales in early business on Wednesday, and the trade was expected to keep a cautious eye on turmoil in global markets, brokers said. ICE Futures electronic March sugar declined 0.15 cent to 11.40 c
Published 24 Jan, 2008 12:00am
US MIDDAY: wheat sags

US MIDDAY: wheat sags

Several wheat futures contracts on the Chicago Board of Trade and the Kansas City Board of Trade fell the daily limit of 30 cents per bushel late on Wednesday on concerns about a recession, traders said. Limit declines in CBOT corn and soyabeans added to
Published 24 Jan, 2008 12:00am
US MIDDAY: corn plummets

US MIDDAY: corn plummets

Several Chicago Board of Trade corn contracts fell their 20-cent trading limit late on Wednesday as the US stock market fell for a sixth day and recession fears intensified, traders said. March corn dropped 20 cents to $4.69 a bushel.
Published 24 Jan, 2008 12:00am
US MIDDAY: soyabeans lower

US MIDDAY: soyabeans lower

US soyabean futures on the Chicago Board of Trade slid early Wednesday on follow-through pressure from recession fears amid sinking financial markets, traders said. The Dow Jones industrial average was down about 170 points and crude oil prices slid, putt
Published 24 Jan, 2008 12:00am
US MIDDAY: copper eases

US MIDDAY: copper eases

New York-traded copper eased losses early on Wednesday as a fresh slide in the dollar and recovery in US stocks pulled the red metal back from a near 4 percent plunge.
Published 24 Jan, 2008 12:00am
US MIDDAY: gold falls

US MIDDAY: gold falls

US gold futures dropped slightly in volatile trade on Wednesday, hit by a strengthened dollar and as they tracked movements in the equity markets. Market watchers said volatility in the gold futures market could be rising in the near term due to a drop in
Published 24 Jan, 2008 12:00am
Avoid domestic hoarding

Avoid domestic hoarding

Atta crisis continues to hit the headlines in the print as well as electronic media. Blame is being placed left and right on the Federal and Provincial Governments for their failure to ensure adequate wheat supplies to the flour mills and control atta pri
Published 24 Jan, 2008 12:00am
The menace of road blocks

The menace of road blocks

The Citizen Council for Human Rights, under the charter of the United Nations Organisation, is to streamline the work of "Miserable Peoples" by generating highly motivated, managed and commendable services to them on the basis of 21st century.
Published 24 Jan, 2008 12:00am
US poor still suffering from last recession

US poor still suffering from last recession

Many of the poorest people in the United States are still struggling to recover from the effects of a recession that ended six years ago, making them very vulnerable as the country stands on the brink of a new downturn.
Published 24 Jan, 2008 12:00am
The role of the Competition Commission of Pakistan-II

The role of the Competition Commission of Pakistan-II

First, as opposed to the MRTPO's emphasis on constricting or reducing concentrations as well as monopolistic situations, based on certain yardsticks, the new law does not seek to curb or reduce a dominant position but merely addresses the abuse of dominan
Published 24 Jan, 2008 12:00am
Violating diplomatic norms

Violating diplomatic norms

Nothing pleases Indians more than an offer of diplomatic help in securing a permanent berth for their country on the UN Security Council. Visiting British Prime Minister Gordon Brown did exactly the same.
Published 24 Jan, 2008 12:00am
Demutualisation of exchanges: A step forward

Demutualisation of exchanges: A step forward

The Securities and Exchange Commission of Pakistan, after a long and arduous exercise spread over a couple of years, has finally obtained Federal Cabinet approval for an ordinance on Demutualisation of the three stock exchanges in the country.
Published 24 Jan, 2008 12:00am
'Gypsum production increases'

'Gypsum production increases'

Provincial department of mines and minerals issued 128 licenses for exploring gypsum in Punjab which caused annual production of gypsum to increase substantially in the province. This was stated by Punjab Minister for Mines and Minerals, Makhdoom Afkar-ul
Published 24 Jan, 2008 12:00am
Election awareness drive for women soon

Election awareness drive for women soon

The Ministry of Women Development (MoWD) has finalised arrangements to launch an awareness campaign for encouraging participation of women voters in the upcoming general elections. An official of the ministry told APP here on Wednesday that the plan for a
Published 24 Jan, 2008 12:00am
60 Sindhi writers, poets meet Zardari

60 Sindhi writers, poets meet Zardari

A 60-member delegation of Sindhi writers, poets and intellectuals collectively from across the Sindh on Wednesday visited the Bhutto House in Naudero town of Larkana district and condoled with the Co-chairman, Pakistan Peoples Party (PPP), Asif Ali Zardar
Published 24 Jan, 2008 12:00am
Sybase Solution Corporation launched

Sybase Solution Corporation launched

Sybase Inc, a leading provider of enterprise infrastructure and mobile software, Wednesday has launched Sybase Solution Corporation (Pakistan) to bring Sybase's leading mobile and business intelligence solutions to the Pakistani market.
Published 24 Jan, 2008 12:00am
Badin growers reject recovery relief package

Badin growers reject recovery relief package

The growers of Badin district have not welcomed the recovery relief package announced by the President of Pakistan for Tharparkar, Umerkot and Badin districts under which it was decided to write off loans outstanding against growers up to Rs 100,000 as on
Published 24 Jan, 2008 12:00am
Internet penetration to rise 16 percent in three years

Internet penetration to rise 16 percent in three years

Pakistan's current internet penetration is around 7.5 percent. This was stated by Monis Rahman, Chief Executive Officer of Naseeb Networks, in a statement on Wednesday. He said that with over 500 million dollar recently invested here in broadband and Wima
Published 24 Jan, 2008 12:00am
Attestation parade of Ordnance Corps recruits held

Attestation parade of Ordnance Corps recruits held

A simple but impressive attestation parade of Ordnance Corps recruits was held at Ordnance Centre, Malir Cant, on Wednesday morning, an ISPR press release stated here on Wednesday. Colonel Commandant of Ordnance Corps, Major General Aftab Ahmed, was the c
Published 24 Jan, 2008 12:00am
Left Bank Canal closed for 8 days

Left Bank Canal closed for 8 days

The Left Bank Canal, which supplies water from Khanpur source, will remain closed from January 24, to January 31 for its yearly desilting and cleansing.
Published 24 Jan, 2008 12:00am
'Indus valley civilisation archaeological wealth'

'Indus valley civilisation archaeological wealth'

The fascinating Indus valley civilisation is the richest archaeological wealth of Pakistan, said the visiting Head of the Institute of South Asian, Tibetan and Buddhist Studies, University of Vienna, Austria, Professor Dr Karin Preisendanz.
Published 24 Jan, 2008 12:00am
Punjab University issues admission schedule

Punjab University issues admission schedule

Punjab University Examination department has issued the schedule of submission of admission form for M.Sc Applied Geology, 1st annual examination 2007. The last date for submission of admission form with single fee is 22nd January while the admission form
Published 24 Jan, 2008 12:00am
Pakistan and Iran should establish person-to-person contact

Pakistan and Iran should establish person-to-person contact

The Punjab University (PU) and Iranian Consulate, in a bid to strengthen educational and cultural ties between the two countries, have decided to initiate teacher-to-teacher and student-to-student interaction between Pakistan and Iran.
Published 24 Jan, 2008 12:00am
Dr Arslan passes away

Dr Arslan passes away

Dr Arslan Sharif Malik, brother of prosecutor general National Accountability Bureau Dr Danishwar Malik has passed away. Judges of the high court, senior law officers and elite of the city attended the funeral.
Published 24 Jan, 2008 12:00am
Baig elected IAP chairman

Baig elected IAP chairman

The Lahore regional committee of Insurance Association of Pakistan (IAP) at its first meeting held on January 2 unanimously elected M K Baig as Chairman and Ali Munem Shamsi as Vice Chairman for the year 2008. The other members of the Lahore regional comm
Published 24 Jan, 2008 12:00am
'ISO-27001 certification pivotal for global customers'

'ISO-27001 certification pivotal for global customers'

After completion of audit under ISO-27001 Information Security Management System by SGS, NetSol Technologies Ltd, a multinational provider of IT services and enterprise software to the financial services industry has now turned into ISO-27001 certified co
Published 24 Jan, 2008 12:00am
Government urged to announce clear policy on potato

Government urged to announce clear policy on potato

Kisan Board Pakistan (KBP) has urged the government to immediately announce a clear policy for potato besides making arrangements to meet the water shortage; otherwise it would push farmers in to marsh of poverty.
Published 24 Jan, 2008 12:00am
Lawyers' rally

Lawyers' rally

The lawyers would hold a rally here at the Mall Road on Thursday to protest dismissal of judges and restoration of judiciary as on November 2 position. Political workers, students, human rights activists and civil society organisation members will attend
Published 24 Jan, 2008 12:00am
LHCBA member praises CoAS

LHCBA member praises CoAS

A senior member of the Lahore High Court Bar Association (LHCBA) Allah Baksh Gondal in an open letter to the Chief of Army Staff (COAS) General Ashfaq Parvez Kayani praised him for asking the army officials to abstain from meeting the politicians. Gondal
Published 24 Jan, 2008 12:00am
LPG retail prices fall to Rs 65-75 per kg in Lahore

LPG retail prices fall to Rs 65-75 per kg in Lahore

Liquefied Petroleum Gas (LPG) retail price in the provincial capital has come down between Rs 65-75 per kilogram from all-time high of Rs 140-150 per kilogram a few days ago, claimed the LPG Association of Pakistan (LPGAP) here on Wednesday.
Published 24 Jan, 2008 12:00am
Jordan links mango exports to quarantine condition

Jordan links mango exports to quarantine condition

Jordan desires to restart importing mangoes from Pakistan provided certain conditions, including quarantine procedure, are fulfilled. The offer was extended by Jordanian Ambassador Dr Saleh Ahmed Al Jawarneh in a meeting with caretaker Minister for Food,
Published 24 Jan, 2008 12:00am
TDAP employees to boycott written test

TDAP employees to boycott written test

Trade Development Authority Pakistan (TDAP) employees association (Punjab region) in its meeting here on Wednesday unanimously resolved to boycott written test and interviews of staff members falling in scale 1 to 16, being conducted on January 25.
Published 24 Jan, 2008 12:00am
Pakistan to host sixth Asian buffalo congress

Pakistan to host sixth Asian buffalo congress

A meeting of the Asian Buffalo Association (ABA) was held in the University of Veterinary and Animal Sciences (UVAS) Lahore on Wednesday. The meeting chaired by ABA President Professor Dr Talat Naseer Pasha decided to organise 6th Asian Buffalo Congress i
Published 24 Jan, 2008 12:00am
LHC issues notices to CAA official, others

LHC issues notices to CAA official, others

The Lahore High Court (LHC) issued notices to regional director (RD) Civil Aviation Authority (CAA) and others in a contempt petition filed by the senior control officer Lahore airport Ehsanul Haq. The court directed the respondents to submit their replie
Published 24 Jan, 2008 12:00am
'Firms resisting formulation of national fertiliser policy'

'Firms resisting formulation of national fertiliser policy'

Multinational chemical fertiliser producing firms were obstructing the formulation of a national policy to use organic fertilisers in farming for enhance food production in the country, claimed Dr Arshad, a Faisalabad Agriculture University fertiliser spe
Published 24 Jan, 2008 12:00am
Rs 12 billion project to develop forest cover to be initiated

Rs 12 billion project to develop forest cover to be initiated

The government has decided to initiate a mega project worth Rs 12 billion to develop the forest cover across the country from 5 percent to 6 percent under the Millennium Development Goals. More than 73 million saplings would be planted all over the countr
Published 24 Jan, 2008 12:00am
Pakistan calls for end to Israel's 'brutal siege' of Gaza

Pakistan calls for end to Israel's 'brutal siege' of Gaza

Pakistan, speaking on behalf of the Organisation of the Islamic Conference (OIC), on Tuesday called for an immediate end to Israel's "brutal siege" of the Gaza Strip and provision of essential goods in occupied Palestinian territories.
Published 24 Jan, 2008 12:00am
Islamabad condemns Israeli raids on Gaza

Islamabad condemns Israeli raids on Gaza

Pakistan on Wednesday condemned recent Israeli raids and a blockade of Gaza and called for international help for the resumption of supplies to the area to avert what it called a looming humanitarian crisis.
Published 24 Jan, 2008 12:00am
'February 18 polls will be fair, peaceful': Musharraf tells Condoleezza

'February 18 polls will be fair, peaceful': Musharraf tells Condoleezza

President Pervez Musharraf on Wednesday assured the US Secretary of State Condoleezza Rice that Pakistan 's February 18 general elections would be free, fair and peaceful, and the government would make sure equal participation of all political parties.
Published 24 Jan, 2008 12:00am
'February 18 polls will be fair, peaceful': Musharraf tells Condoleezza

'February 18 polls will be fair, peaceful': Musharraf tells Condoleezza

President Pervez Musharraf on Wednesday assured the US Secretary of State Condoleezza Rice that Pakistan 's February 18 general elections would be free, fair and peaceful, and the government would make sure equal participation of all political parties.
Published 24 Jan, 2008 12:00am
PHMA apprises minister of industrialists' woes

PHMA apprises minister of industrialists' woes

The Caretaker Punjab Minister for Labour Manpower Shahzad Azam Khan has said that elections would be held in fair, free and transparent manners on February 18, in the country. The government was making strenuous efforts for developing congenial political
Published 24 Jan, 2008 12:00am
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