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Nov 14, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2008-01-30
Chinese yuan ends up

Chinese yuan ends up

China's yuan recouped early losses to end slightly higher against the dollar on Tuesday for the fifth straight session on expectations that the US Federal Reserve will cut interest rates again this week, dealers said.
Published 30 Jan, 2008 12:00am
Dollar sits tight before Fed and data

Dollar sits tight before Fed and data

The dollar was steady against major currencies on Tuesday, with market players bracing for a Federal Reserve meeting and a heavy week of US data that will give more clarity on whether the economy is on the verge of recession.
Published 30 Jan, 2008 12:00am
Dollar dips

Dollar dips

The dollar fell against most major currencies on Monday, with dealers anticipating that the Federal Reserve will have to cut interest rates again this week to boost US economic growth. The Fed will announce its rate decision on Wednesday at the end of a t
Published 30 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 Tuesday. 68.58/68.58 (previous 68.58/68.58). Call Money Rates: 6.00-15.00 percent (previous 8.00-20.00 percent.
Published 30 Jan, 2008 12:00am
Asian currencies rise on Fed view

Asian currencies rise on Fed view

Asian currencies rose on Tuesday against a broadly weak dollar, as investors positioned for another rate cut from the Federal Reserve this week aimed at preventing the world's largest economy from slipping into recession. The Philippine peso hit a two-wee
Published 30 Jan, 2008 12:00am
Swiss franc weakens

Swiss franc weakens

The Swiss franc lost ground against the euro on Tuesday as investors put money back into stock markets, while weak Swiss trade data also weighed on the safe haven currency.
Published 30 Jan, 2008 12:00am
Vienna investigates 85-year-old Nazi camp suspect

Vienna investigates 85-year-old Nazi camp suspect

Austrian authorities are investigating an 85-year-old woman suspected of murder in a Nazi concentration camp during World War Two. New evidence from Poland suggested the woman may have committed murder in the Majdanek camp near the Polish city of Lublin,
Published 30 Jan, 2008 12:00am
Cameron punishes MP over family payment

Cameron punishes MP over family payment

Conservative leader David Cameron has expelled from the parliamentary party an MP who gave his son almost 50,000 pounds in public money. Derek Conway, 54, had said his son had been acting as his researcher while at university and that the money had been p
Published 30 Jan, 2008 12:00am
Kremlin favourite campaigns as Putin's alter ego

Kremlin favourite campaigns as Putin's alter ego

Who looks like President Vladimir Putin, speaks and moves like Putin-but is not the man himself? Step forward Dmitry Medvedev, Putin's chosen successor for the top Kremlin job. The 42-year-old Medvedev has built his campaign on a pledge to continue his me
Published 30 Jan, 2008 12:00am
Congo factions vow peace after ceasefire violations

Congo factions vow peace after ceasefire violations

Congolese Tutsi rebels and a rival Mai Mai militia group pledged on Tuesday to respect a recently-signed peace accord, a day after clashes between their fighters broke the ceasefire.
Published 30 Jan, 2008 12:00am
Zimbabwe court orders release of British tycoon

Zimbabwe court orders release of British tycoon

A Zimbabwe court on Tuesday ordered the release of a controversial British property tycoon who was arrested last week for breaching foreign exchange laws and possessing pornography, his lawyer said.
Published 30 Jan, 2008 12:00am
Internet helps US doctor get back to basics

Internet helps US doctor get back to basics

Dr Howard Stark's office is quiet. Very quiet. No patients sit in his waiting room. No receptionist answers the telephone. Stark does not have a receptionist. Instead, he and his assistant Michele Norris-Bell check e-mail alerts on handheld devices and -
Published 30 Jan, 2008 12:00am
Polish man struggles to return from the dead

Polish man struggles to return from the dead

Red tape is preventing a Polish man from returning from the dead. Piotr Kucy, 38 and from the city of Polkowice in south-west Poland, was wrongly identified by authorities last August as a drowned man, only to show up a few days after his own funeral.
Published 30 Jan, 2008 12:00am
Humans join hunt for Antarctica's 'pink gold'

Humans join hunt for Antarctica's 'pink gold'

They only grow up to 6 cm (2.4 inches) yet are perhaps the most abundant creatures on the planet in terms of weight. Snow petrels nesting in Antarctica fly for up to eight hours to catch a meal of them.
Published 30 Jan, 2008 12:00am
Boom time hits Cambodia, but not all are smiling

Boom time hits Cambodia, but not all are smiling

After decades of war and upheaval, including the Khmer Rouge "Killing Fields", Cambodia is enjoying an unprecedented boom, its economy expanding at around 10 percent annually for the last five years.
Published 30 Jan, 2008 12:00am
Central African editor jailed for article on graft

Central African editor jailed for article on graft

A court in Central African Republic has jailed a newspaper editor for six months for an article accusing two ministers of improperly receiving money from a French company, a press watchdog group said on Tuesday.
Published 30 Jan, 2008 12:00am
Warid fosters cricket in consumers life

Warid fosters cricket in consumers life

Warid Telecom (Pvt) Ltd is the first telecom company to bring the nation's first love-cricket-to mobile phone. GSM technology is part of Warid's strategy to customise services based on subscribers' interests, providing value added services of their choice
Published 30 Jan, 2008 12:00am
'Exhausted' Tait quits cricket

'Exhausted' Tait quits cricket

Australian fast bowler Shaun Tait on Tuesday quit all levels of cricket due to physiical and emotional exhaustion Tait, 24, has struggled with injury since shortly after being named to the Australian Test eleven midway through its unsuccessful Ashes tour
Published 30 Jan, 2008 12:00am
Australia face India in bid to reclaim Fed Cup glory

Australia face India in bid to reclaim Fed Cup glory

Australia face a challenge in seeking to reclaim their place among the Fed Cup elite after they drew India in the Asia/Oceania zone group I in Bangkok on Tuesday. Australia, who lost their top player Samantha Stosur to an injury received in the Australian
Published 30 Jan, 2008 12:00am
Davis Cup tie: Nadal's decision understandable

Davis Cup tie: Nadal's decision understandable

Rafael Nadal's decision to opt out of Spain's Davis Cup tie against Peru is understandable given the physical problems the world number two has experienced in recent seasons, captain Emilio Sanchez-Vicario said.
Published 30 Jan, 2008 12:00am
Wise to be Newcastle director of football

Wise to be Newcastle director of football

Former Leeds boss Dennis Wise is joining Newcastle in a director of football role, the club confirmed on Tuesday, a day after manager Kevin Keegan claimed he knew nothing about the appointment. Wise, a former Wimbledon and Chelsea winger, will assist the
Published 30 Jan, 2008 12:00am
Harbhajan cleared of racial abuse charge

Harbhajan cleared of racial abuse charge

Indian off-spinner Harbhajan Singh was cleared Tuesday of racially abusing Australia's Andrew Symonds, the International Cricket Council said. Harbhajan pleaded guilty to a lesser charge of using abusive language and was fined 50 percent of his match fee
Published 30 Jan, 2008 12:00am
Women hold protest kidnap of US aid worker

Women hold protest kidnap of US aid worker

Hundreds of women protested on Tuesday against the abduction of a female US aid worker in southern Afghanistan and called on religious leaders to condemn the kidnapping. Cyd Mizell, 49, and her Afghan driver were seized while travelling to work on Saturda
Published 30 Jan, 2008 12:00am
China's weapons exceed self-defence needs: US

China's weapons exceed self-defence needs: US

The United States said Monday it was "troubling" that China's weapons systems capability exceeded the level Beijing defined as necessary for self-defense.
Published 30 Jan, 2008 12:00am
Turkish government poised to lift on-campus headscarf ban

Turkish government poised to lift on-campus headscarf ban

Turkey's Islamist-rooted ruling party, thanks to a deal with the nationalist opposition, was poised Tuesday to make good on a six-year-old electoral promise to allow the Islamic heascarf in universities.
Published 30 Jan, 2008 12:00am
Wild China weather kills 25, besieges heartland

Wild China weather kills 25, besieges heartland

Chinese premier Wen Jiabao took a bullhorn in hand to encourage stranded passengers in the snow-bound city of Changsha, as unusually severe winter weather snarled transport throughout the south amidst the country's worst power crisis.
Published 30 Jan, 2008 12:00am
10 hurt as Mosul attacks target US

10 hurt as Mosul attacks target US

A suicide car bomb targeting a US patrol in Mosul wounded 10 Iraqis on Tuesday, a day after five American troops were killed in a deadly ambush in the volatile northern city, police said.
Published 30 Jan, 2008 12:00am
More Baghdad garrisons planned

More Baghdad garrisons planned

The new commander of American forces in Baghdad plans to increase the number of local garrisons across the Iraqi capital even as US troop levels drop in the coming months.
Published 30 Jan, 2008 12:00am
Kenya crisis talks begin amid mounting violence

Kenya crisis talks begin amid mounting violence

Kenya crisis talks formally began Tuesday as the death toll from fresh clashes rose to 22, in tensions further aggravated by the slaying of an opposition lawmaker.
Published 30 Jan, 2008 12:00am
Bush understates challenges in Iraq and Afghanistan

Bush understates challenges in Iraq and Afghanistan

US President George W Bush offered relatively upbeat assessments of the wars in Iraq and Afghanistan that failed to address how hard it may be for his successor to stabilise them, analysts said.
Published 30 Jan, 2008 12:00am
IAEA assessing Philippines nuclear prospects

IAEA assessing Philippines nuclear prospects

An eight-man team from the International Atomic Energy Agency (IAEA) has arrived in the Philippines to examine whether or not the mothballed Bataan Nuclear power station can be rehabilitated, it was reported Tuesday.
Published 30 Jan, 2008 12:00am
Gandhi's ashes to be scattered across Arabian Sea

Gandhi's ashes to be scattered across Arabian Sea

Sixty years after he was shot dead by a Hindu fanatic, some recently found ashes of India's freedom icon Mahatma Gandhi will be scattered across the Arabian Sea, the family said Tuesday.
Published 30 Jan, 2008 12:00am
Middle age is truly depressing, study finds

Middle age is truly depressing, study finds

Middle age is truly miserable, according to a study using data from 80 countries showing that depression is most common among men and women in their forties.
Published 30 Jan, 2008 12:00am
Severed heads, bodies found in Iraq field: police

Severed heads, bodies found in Iraq field: police

Nine bodies and 10 severed heads were found on Tuesday in an abandoned field north of Baghdad in a region where US and Iraqi forces are pressing ahead with offensives against al Qaeda forces. In the northern city of Mosul, a suicide car bomber killed one
Published 30 Jan, 2008 12:00am
Egypt boosts security to stem tide of Palestinians

Egypt boosts security to stem tide of Palestinians

Egypt on Tuesday boosted security around the border town of Rafah and resealed parts of the barrier blasted open a week ago as it tried to control the flow of people in and out of the Gaza Strip. Egyptian forces strung barbed-wire along some of the gaps b
Published 30 Jan, 2008 12:00am
US seeks complete nuclear declaration from North Korea

US seeks complete nuclear declaration from North Korea

A US envoy who will visit North Korea this week said Tuesday it must make a "complete and correct" declaration of its nuclear programmes to get stalled disarmament talks moving. Sung Kim, director of the State Department's Office of Korean Affairs, said h
Published 30 Jan, 2008 12:00am
Russian arms exports to China in collapse

Russian arms exports to China in collapse

Russia's arms industry is suffering a near collapse in exports to China as military top brass agonise over which technology the neighbouring state should be allowed, a Russian daily reported on Tuesday.
Published 30 Jan, 2008 12:00am
Sterling rises

Sterling rises

Sterling rose to fresh four-week highs against the dollar on Tuesday as expectations of another hefty interest rate cut by the Federal Reserve kept a lid on the greenback.
Published 30 Jan, 2008 12:00am
Dollar eases in London

Dollar eases in London

The dollar steadied against a basket of major currencies on Tuesday, with investors expecting further significant monetary easing this week from the Federal Reserve as it seeks to head off a US recession.
Published 30 Jan, 2008 12:00am
Indian rupee unchanged

Indian rupee unchanged

The Indian rupee ended steady on Tuesday with the market mulling over policy signals after the central bank left rates unchanged, though sentiment may get a fillip if the US Federal Reserve cuts rates on Wednesday.
Published 30 Jan, 2008 12:00am
US Stocks: Tuesday midday trade

US Stocks: Tuesday midday trade

US stocks gained on Tuesday as data showing a higher-than-expected rise in orders of durable goods last month eased some economic worries, helping shares of major manufacturers. Investors also expected another interest rate cut from the Federal Reserve, w
Published 30 Jan, 2008 12:00am
European credit spreads rally

European credit spreads rally

European credit spreads rallied on Tuesday as strong US data eased market anxiety over the weakness of the economy a day ahead of an expected US Federal Reserve interest rate cut. "Confidence is building up on hopes that the Fed is going to ease again. We
Published 30 Jan, 2008 12:00am
European credit spreads rally

European credit spreads rally

European credit spreads rallied on Tuesday as strong US data eased market anxiety over the weakness of the economy a day ahead of an expected US Federal Reserve interest rate cut. "Confidence is building up on hopes that the Fed is going to ease again. We
Published 30 Jan, 2008 12:00am
Chinese stocks soar

Chinese stocks soar

Chinese stocks edged up on Tuesday, lifted by stronger overseas markets, but trading turnover was weak as many investors remained cautious following recent market slides. The Shanghai Composite Index ended 0.87 percent higher at 4,457.944 points, see-sawi
Published 30 Jan, 2008 12:00am
Philippines bonds down

Philippines bonds down

Philippine bonds dipped after Manila announced a new debt offering on Tuesday, but the broad Asian market firmed following a rebound in the region's stock markets.
Published 30 Jan, 2008 12:00am
Philippines bonds down

Philippines bonds down

Philippine bonds dipped after Manila announced a new debt offering on Tuesday, but the broad Asian market firmed following a rebound in the region's stock markets.
Published 30 Jan, 2008 12:00am
UK's top share index surges

UK's top share index surges

Britain's top shares surged 1.7 percent in a global rally on Tuesday, as banks and miners forged higher and investors bet the US Federal Reserve would serve up another interest rate cut to soothe recession nerves. The UK's FTSE 100 index closed 96.3 point
Published 30 Jan, 2008 12:00am
Emerging economies to drive sugar demand

Emerging economies to drive sugar demand

Sugar demand should grow strongly in emerging economies such as China and oil-rich states in the Middle East and Africa, and the impact of a slowdown in the rich world should be neutral, a senior sugar merchant said.
Published 30 Jan, 2008 12:00am
London sugar, coffee and cocoa climb

London sugar, coffee and cocoa climb

White sugar futures rose sharply on Tuesday on speculative buying as the market advanced towards a recent 13-month peak while robusta coffee and cocoa approached multi-year highs, dealers said. London white sugar futures rose on follow through speculative
Published 30 Jan, 2008 12:00am
Oil rises on talk of Fed cut, Opec rollover

Oil rises on talk of Fed cut, Opec rollover

Oil rose on Tuesday as expectations the US Federal Reserve would cut interest rates again this week and Opec would maintain output cuts offset concerns of a potential US recession. Crude added to gains from the previous three sessions as bullish sentiment
Published 30 Jan, 2008 12:00am
Cuba sugar harvest better

Cuba sugar harvest better

With 39 mills up and working, and good weather to boot, Cuba is achieving higher sugar output than at the same stage of the previous harvest, Sugar Minister Ulises Rosales del Toro said on Tuesday. "The harvest is going well," Rosales del Toro told the st
Published 30 Jan, 2008 12:00am
New York cotton futures lower

New York cotton futures lower

Cotton futures finished lower Tuesday on sales by small speculators, with brokers saying the lack of leads may cause the market to gradually drift lower in the days ahead. ICE Futures' open-outcry March cotton contract shed 0.06 cent to close at 68.24 cen
Published 30 Jan, 2008 12:00am
Argentina wheat sales up

Argentina wheat sales up

Argentine 2006/07 wheat export commitments stood at 9.316 million tonnes by January 25, the Agriculture Secretariat said in its latest weekly report. By the same date last year, Argentina, a top-five wheat exporter, had sold 8.205 million tonnes of the gr
Published 30 Jan, 2008 12:00am
Copper surges

Copper surges

Copper prices gained more than 3 percent on Tuesday to hit a 2-week high after strong US economic data fanned optimism sparked by expectations of aggressive US rate cuts.
Published 30 Jan, 2008 12:00am
Gold and platinum slip from historic highs

Gold and platinum slip from historic highs

Gold and platinum hit record highs on Tuesday on expectations of more US rate cuts and fears about South African output, but later surrendered gains. A rise in the dollar against the euro and a promise by South Africa's state power firm to boost supplies
Published 30 Jan, 2008 12:00am
US MIDDAY: cocoa and coffee up

US MIDDAY: cocoa and coffee up

US cocoa moved higher in early trading on Tuesday as fund buying buoyed prices, while arabica coffee futures were little changed, traders said. ICE March cocoa trading on the screen was up $14 at $2,227 per tonne at 9:20 am EST (1420 GMT), moving from $2,
Published 30 Jan, 2008 12:00am
US MIDDAY: sugar firms

US MIDDAY: sugar firms

Raw sugar futures climbed on speculative fund buying in early dealings on Tuesday and brokers said the sweetener could breach the psychological level of 13 cents in the days ahead. ICE Futures electronic March sugar gained 0.26 cent to 12.50 cents per lb
Published 30 Jan, 2008 12:00am
US MIDDAY: wheat tumbles

US MIDDAY: wheat tumbles

US wheat futures were mostly lower by midday on Tuesday, retreating from early strength on bearish export news, after Minneapolis spring wheat futures soared to a new high above $13 per bushel, traders said. Word that Argentina was reopening its wheat exp
Published 30 Jan, 2008 12:00am
US MIDDAY: corn gains

US MIDDAY: corn gains

US corn futures held firm on Tuesday, led by soaring wheat markets and follow-through technical buying from the higher close on Tuesday, traders said. Traders said grain markets were focused on the runaway spring wheat futures market at the Minneapolis Gr
Published 30 Jan, 2008 12:00am
US MIDDAY: soyabeans higher

US MIDDAY: soyabeans higher

US soyabean futures on the Chicago Board of Trade were firm early Tuesday on spillover buying from the roaring wheat markets, traders said. Spring wheat futures on the Minneapolis Grain Exchange notched a new all-time high for any US wheat contract overni
Published 30 Jan, 2008 12:00am
US MIDDAY: copper rises

US MIDDAY: copper rises

The price of copper rose to a two-week high above $3.30 a lb in New York futures trade on Tuesday after surprisingly strong December durable goods orders restored some investor confidence in the world's largest economy, dealers said.
Published 30 Jan, 2008 12:00am
US MIDDAY: gold falls

US MIDDAY: gold falls

New York gold and platinum futures dropped on Tuesday after they climbed to record highs in the overnight sessions, as investors locked in profits ahead of the US Federal Reserve's rate-setting decision.
Published 30 Jan, 2008 12:00am
No action taken

No action taken

Caretaker Prime Minister Muhammadmian Soomro and other high ups in the government have been making tall announcements of not sparing the hoarders, blackmarketeers and profiteers who have created lot of problems for the common man.
Published 30 Jan, 2008 12:00am
A student's appeal

A student's appeal

I greatly applaud the Sindh Governor's efforts for promoting education in the province; but rampant negligence of educational staff members in different colleges is denigrating all efforts. I want to bring to your kind notice over the loss of my 3 years.
Published 30 Jan, 2008 12:00am
Obama defines his faith and attitude to Islam

Obama defines his faith and attitude to Islam

There has been a lot made in the recent weeks about the Muslim history of my family. Some of the things that have been said are true, others are false, so I am writing this to clear up the misunderstandings on this issue, says Barack Obama, a candidate in
Published 30 Jan, 2008 12:00am
GOOD MORNING: our fears about fires

GOOD MORNING: our fears about fires

I occasionally wonder whether we are serious in our efforts about controlling fires that take place. I am also unsure of whether there is enough being done to prevent fires in this society - be they in industrial areas, multi-storeyed buildings that house
Published 30 Jan, 2008 12:00am
Power crisis to continue in 2008 - II

Power crisis to continue in 2008 - II

The regulatory authority, NEPRA, has already determined electricity tariff for these projects. These oil-based projects on diesel-engine technology were to achieve the COD by October 2008. The sponsors could implement none of these projects in time and no
Published 30 Jan, 2008 12:00am
High cost of tax exemptions

High cost of tax exemptions

The culture of tax exemptions has always been a major problem of Pakistan's fiscal regime. According to certain credible sources quoted by a well known newspaper of the country (The News), the losses to the exchequer because of the failure to expand taxat
Published 30 Jan, 2008 12:00am
Shrinking support for war on terror

Shrinking support for war on terror

Who can be better qualified to comment on the rapidly spreading militancy in the north-western region of Pakistan than Aftab Sherpao? A blue-blooded Pushtun, former interior minister and above all twice the target of suicide bombers, he knows the situatio
Published 30 Jan, 2008 12:00am
Metropolis to have Media City soon

Metropolis to have Media City soon

A Media City would be established in the metropolis where there would be an investment to the tune of $400 million. Sindh Information Technology Minister Jam Karam Ali stated this. He said this after a presentation by the Smart City Development Limited, D
Published 30 Jan, 2008 12:00am
EU election observers visit Shikarpur

EU election observers visit Shikarpur

A two-member European Union election observation mission to Pakistan visited Shikarpur on Tuesday. During the short visit, Alberto Huidobro Foncills and Egle Zoleckione, met District Nazim Mohammad Arif Mahar, candidates, elected representatives and distr
Published 30 Jan, 2008 12:00am
Number of polling stations reduced

Number of polling stations reduced

The Election Commission of Pakistan (ECP) has decreased the number of polling stations for the February 18 elections, although the number of voters has risen by one million since the 2002 elections.
Published 30 Jan, 2008 12:00am
Saarc summit in Sri Lanka from July 27

Saarc summit in Sri Lanka from July 27

The 15th Saarc summit will be held in picturesque Sri Lankan city of Kandy from July 27 with Colombo planning "foolproof" security arrangements to ward off any LTTE attack as it battles rebel forces in north.
Published 30 Jan, 2008 12:00am
Nadra acquires DVB-RCS satellite system

Nadra acquires DVB-RCS satellite system

Nadra has procured a DVB-RCS satellite system to efficiently provide its more than 350 swift registration centers across the country with an access to the national database. In addition, Nadra has expanded its network infrastructure capability to provide
Published 30 Jan, 2008 12:00am
Cheema refutes claim of identifying Liaquat Bagh bomber

Cheema refutes claim of identifying Liaquat Bagh bomber

The Interior Ministry spokesman and chief of the National Crisis Management Cell Javed Iqbal Cheema on Tuesday rejected the impression that security agencies have identified the suicide bomber, who blew himself up outside Liaquat Bagh on December 27 as ea
Published 30 Jan, 2008 12:00am
Youth can play vital role against terrorism: Memon

Youth can play vital role against terrorism: Memon

Federal Minister for Information and Broadcasting, Senator Nisar A Memon on Tuesday urged the youth to rise to the challenges being faced by the nation. Talking to a 20-member students' delegation from Peshawar University, the Minister said the youth can
Published 30 Jan, 2008 12:00am
'Militancy and terrorism inherited from Afghanistan'

'Militancy and terrorism inherited from Afghanistan'

Governor NWFP Owais Ahmed Ghani on Tuesday reiterated that Pakistan inherited militancy and terrorism from Afghanistan and unless peace and harmony in the neighbouring country was not restored, the region would be under constant threat of the same.
Published 30 Jan, 2008 12:00am
Documentary on 'cosmology' presented at GCU

Documentary on 'cosmology' presented at GCU

The Education Society of the Government College University Lahore arranged a documentary presentation on 'cosmology' named Galactica in the Bokhari auditorium of the university viewed by science students on Tuesday.
Published 30 Jan, 2008 12:00am
Students' week at PECHS College

Students' week at PECHS College

A students' week will be organised at the BAMM PECHS Government College for Women, Karachi, from January 30 with inter-collegiate contests, institution Principal Professor Sabhia Parvaiz stated this on Tuesday. On the opening day on January 30, Naat and Q
Published 30 Jan, 2008 12:00am
Unannounced loadshedding in Naudero irks residents

Unannounced loadshedding in Naudero irks residents

Unannounced electricity loadshedding continues at all three feeders of Naudero Grid Station despite the fact that higher Hesco and Wapda authorities have excluded the name of Naudero Grid Station from the list of cities/towns and villages where loadsheddi
Published 30 Jan, 2008 12:00am
KBP opposes sugar millers proposal

KBP opposes sugar millers proposal

Kisan Board Pakistan (KBP) has strongly opposed the sugar millers proposal of reducing sugarcane support price in Punjab and warned of staging a protest to block any such decision. KBP Central President, Sardar Zafar Hussain Advocate in a statement here o
Published 30 Jan, 2008 12:00am
LHC issues notice

LHC issues notice

A Lahore High Court full bench has issued notices for January 31 in an election petition against former provincial minister Saeed Akbar Nomani contesting the PP 49 election. Nomani's rival candidate, Ghazanfar Abbas, has questioned the former's BA degree
Published 30 Jan, 2008 12:00am
Market body ordered to pay pending dues of Rs 358,534

Market body ordered to pay pending dues of Rs 358,534

The Market Committee in Joher Abad has received an order from the provincial ombudsman to pay Rs 358,534 pending for the past 15 years against the construction of a vegetable and fruit market in 1993. The ombudsman said it was a classic case of failure of
Published 30 Jan, 2008 12:00am
Paapam rejects government proposal

Paapam rejects government proposal

Pakistan Association of Automotive Parts and Accessories Manufacturers (Paapam) Chairman Malik Muhammad Aslam has rejected a proposal calling for closure of industries for two days. He warned that if the government approved the proposal, thousands of work
Published 30 Jan, 2008 12:00am
Call to enact Senior Citizens Bill

Call to enact Senior Citizens Bill

The government, despite being a signatory in the United Nations conference to provide benefits to an important segment of our society, has persistently ignored and almost shelved the proposed bill wanting enactment since 2006.
Published 30 Jan, 2008 12:00am
Duty on franchise: FBR, ministries issued notices for February 6

Duty on franchise: FBR, ministries issued notices for February 6

The Lahore High Court issued notices for February 6 to the Federal Board of Revenue (FBR), Ministry of Finance and Federal Excise and Sales Tax Collector in a petition challenging the levy of the Federal Excise Duty on the franchise services.
Published 30 Jan, 2008 12:00am
Safeguard policy update: ADB seeking feedback from stakeholders

Safeguard policy update: ADB seeking feedback from stakeholders

The Asian Development Bank (ADB) is continuing consultation process on its safeguard policies, seeking valuable feedback from stakeholders' groups from across Asia and the Pacific as it updates its environment, involuntary resettlement and indigenous peop
Published 30 Jan, 2008 12:00am
NetSol enters Middle East market

NetSol enters Middle East market

NetSol Technologies Limited Chairman and Executive Chief Officer Salim Ghauri has said his company is planning to write another success story in the Middle East after the region of Asia where LeaseSoft has become a symbol of accuracy, quality and security
Published 30 Jan, 2008 12:00am
PAFL clarification

PAFL clarification

Pak American Fertiliser Factory (PAFL), in its clarification issued here on Tuesday, said the factory was not closed down due to any "on-going gas crisis in the country," but was closed down under a pre-arrangement entered into between Sui Northern Gas Pi
Published 30 Jan, 2008 12:00am
Launching of industrial park in March

Launching of industrial park in March

The National Industrial Park Development and Management Company is working on an industrial park to back the auto industry and will launch it in March 2008, it emerged on Tuesday. "The proposed 'auto cluster' project site is located in Lahore, having 170
Published 30 Jan, 2008 12:00am
Apta lauds decision to import cotton via Wagah

Apta lauds decision to import cotton via Wagah

The All Pakistan Textile Association (Apta) has lauded the decision by Textile Minister Alam Munoo, allowing import of Indian short staple cotton via Wagah. Association Chairman Adil Mehmood said it would help save the textile sector and boost business in
Published 30 Jan, 2008 12:00am
Programme launched to establish 'Community Midwifery Homes'

Programme launched to establish 'Community Midwifery Homes'

Punjab Health Department has launched a new programme to establish Community Midwifery Homes in far-flung areas. The decision emerged on Tuesday following a speech made by Health Minister Aslam Hamayun at the opening of a two-day conference on 'reducing m
Published 30 Jan, 2008 12:00am
REE programme activities reviewed

REE programme activities reviewed

Bernd Meyhoefer, Technical Advisor of the German Technical Cooperation Agency "GTZ" appreciated the cooperation and excellent work done by the Small and Medium Enterprise Development Authority (Smeda) under Renewable Energy Efficiency Project (REE).
Published 30 Jan, 2008 12:00am
Man posing as traffic magistrate held

Man posing as traffic magistrate held

The National Highways and Motorway Police in Lahore have arrested a man posing as a traffic magistrate after being found guilty of confiscating forcibly transport documents from public and private motorists travelling on highways near Qadirabad.
Published 30 Jan, 2008 12:00am
Quality for global competitiveness urged

Quality for global competitiveness urged

There is a need to take proactive measures to meet the standards and quality requirements for global competitiveness, as the WTO regime has changed the international trade scenario to a great extent.
Published 30 Jan, 2008 12:00am
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