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Nov 24, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2008-03-19
Yuan ends higher

Yuan ends higher

The yuan rose against the dollar late on Tuesday in both the spot and offshore non-deliverable forwards markets on bets the currency may rise after the annual parliament session, although many in the market believe policy-makers may slow the long-term pac
Published 19 Mar, 2008 12:00am
Dollar above 13-year lows

Dollar above 13-year lows

The dollar held above its lowest level against the yen in nearly 13 years and a record low versus the euro on Tuesday, but was seen susceptible to more declines on worries about the US financial system. The dollar plunged on Monday after the Federal Reser
Published 19 Mar, 2008 12:00am
US dollar slumps

US dollar slumps

The US dollar tumbled to a 12-1/2 year low against the Japanese yen on Monday, and also saw record lows against the euro and the Swiss franc, as emergency liquidity-boosting measures by the Federal Reserve over the weekend failed to ease worries about the
Published 19 Mar, 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: 8.00-12.50 percent (previous 8.00-12.25 percent.
Published 19 Mar, 2008 12:00am
Korea won leads among Asian currencies ahead of Fed

Korea won leads among Asian currencies ahead of Fed

The South Korean won jumped on Tuesday amid suspected central bank efforts to prop up the ailing currency, leading a rebound among Asian currencies ahead of an expected Fed interest rate cut later in the day. The South Korean won rose as far as 1,008.9 pe
Published 19 Mar, 2008 12:00am
Swiss franc eases off highs

Swiss franc eases off highs

The Swiss franc lost ground against the euro and the dollar on Tuesday as rising stock markets dampened its appeal as a safe haven currency. The Swiss franc has surged to a record high against the dollar of 0.9637 per dollar on Monday, well above parity,
Published 19 Mar, 2008 12:00am
Hair cleared

Hair cleared

Australian Darrell Hair was cleared by the International Cricket Council (ICC) on Tuesday to return as a Test and one-day international umpire. "I can confirm the ICC board has decided to bring him (Hair) back to test and one-day international level," an
Published 19 Mar, 2008 12:00am
Deaf football festival: Lahore defeat Faisalabad on shootout

Deaf football festival: Lahore defeat Faisalabad on shootout

Lahore Deaf Football Club (LDFC) staged recovery to beat Faisalabad Deaf Football Club 3-2 on penalty-shoot out after 1-1 draw in Lahore Deaf Football Festival 2008 on Tuesday. This is first ever event for deaf footballers on Pakistan soil, currently in p
Published 19 Mar, 2008 12:00am
O'Connor invites Nasim for reschedule dates

O'Connor invites Nasim for reschedule dates

Cricket Australia chairman Creagh O'Connor has invited Pakistan Cricket Board chairman Nasim Ashraf to discuss rescheduling the April tour which was postponed last week. CA pulled out of the planned tour of Pakistan due to security concerns.
Published 19 Mar, 2008 12:00am
Nadal books rubber match with Tsonga

Nadal books rubber match with Tsonga

Defending champion Rafael Nadal swept aside US youngster Donald Young and booked a rematch with Aussie Open foe Jo-Wilfried Tsonga at the Indian Wells ATP Masters Series on Monday.
Published 19 Mar, 2008 12:00am
ICC facing fight to get Patel

ICC facing fight to get Patel

Imtiaz Patel's appointment as the next chief executive of the International Cricket Council (ICC) is "not a done deal" according to his current employers, the SuperSport television company in South Africa.
Published 19 Mar, 2008 12:00am
Harbhajan keen to patch things up with Hayden and Symonds

Harbhajan keen to patch things up with Hayden and Symonds

Harbhajan Singh would be happy to patch things up with Australian pair Matthew Hayden and Andrew Symonds, the Indian off-spinner said on Tuesday. Opening batsman Hayden was reprimanded by Cricket Australia for calling the Indian spinner an "obnoxious weed
Published 19 Mar, 2008 12:00am
PCB to outline terms for IPL players

PCB to outline terms for IPL players

Pakistan's cricket authorities will decide this week on a policy to govern players who have signed up for the Indian Premier League. The Pakistan Cricket Board's (PCB) chief operating officer Shafqat Naghmi said guidelines need to be set out for the playe
Published 19 Mar, 2008 12:00am
UK film director Anthony Minghella dies

UK film director Anthony Minghella dies

British film director Anthony Minghella, who won an Oscar for "The English Patient", died in a London hospital on Tuesday after a short illness, his agent said. He was 54. Minghella died from complications following surgery last week for cancer of the ton
Published 19 Mar, 2008 12:00am
Venezuela border violence remains after crisis

Venezuela border violence remains after crisis

The last time friends and family saw Hector Nieves and Luis Garcia, they were drinking and singing songs to mark the start of the annual festival of a local patron saint. At dawn the next morning, as they pulled into the nearby town of Palmarito to contin
Published 19 Mar, 2008 12:00am
Kenyan parliament passes first part of crisis deal

Kenyan parliament passes first part of crisis deal

Kenya's parliament on Tuesday unanimously passed the first of two laws required to enact a power-sharing deal designed to end the country's bloody post-election crisis. In a 200-0 vote, the legislature approved the constitutional amendment making position
Published 19 Mar, 2008 12:00am
Threat recedes of power cut to South Africa's mines

Threat recedes of power cut to South Africa's mines

The threat of a power cut to South Africa's vital gold and platinum mines receded on Tuesday when the state electricity firm Eskom repaired two generators. Global platinum prices had earlier risen because of the possibility of new cuts in the world's top
Published 19 Mar, 2008 12:00am
US high court considers landmark gun-rights case

US high court considers landmark gun-rights case

The US Supreme Court considers on Tuesday a landmark legal battle over gun rights, taking up for the first time in nearly 70 years whether Americans have the right to keep and bear arms.
Published 19 Mar, 2008 12:00am
Bomb blasts kill seven in Iraq

Bomb blasts kill seven in Iraq

Insurgents killed at least seven people in attacks across Iraq on Tuesday, including two policemen in Baghdad, security officials said. The latest attacks came as US Vice President Dick Cheney ended a surprise two-day visit to Iraq.
Published 19 Mar, 2008 12:00am
Malaysia Prime Minister shakes up cabinet

Malaysia Prime Minister shakes up cabinet

Malaysia's premier made sweeping changes to his cabinet line-up on Tuesday, dumping his long-serving trade minister, after the ruling coalition suffered a heavy setback at elections this month.
Published 19 Mar, 2008 12:00am
Dalai Lama willing to step down to end rioting

Dalai Lama willing to step down to end rioting

The Dalai Lama said on Tuesday he was willing to step down as head of the Tibetan government in exile if that was needed to stop the riots in his homeland, but China repeated its charge that he had masterminded the violence.
Published 19 Mar, 2008 12:00am
Russia and US fail to agree on missile shield

Russia and US fail to agree on missile shield

Russia and the United States failed on Tuesday to agree on US plans to deploy parts of a missile defence shield in eastern Europe, an issue that has helped drive their relations to a post-Cold War low.
Published 19 Mar, 2008 12:00am
Conservatives sweep Tehran seats

Conservatives sweep Tehran seats

Iran's conservatives swept up all the Tehran seats already decided in last week's general elections, official reports said on Tuesday, prompting claims of foul play from beaten reformists.
Published 19 Mar, 2008 12:00am
Two killed in Yemen blasts near US embassy

Two killed in Yemen blasts near US embassy

A schoolgirl and a policemen were killed in a bomb attack on Tuesday on a girls' school near the US embassy that Washington says might have been anti-American but Yemeni authorities said was a criminal act. About 15 children and four policemen were also w
Published 19 Mar, 2008 12:00am
Spacewalk complete, robot tooled up

Spacewalk complete, robot tooled up

Dextre the handyman space robot now has the tools of his trade and is ready for work. Astronauts from the shuttle Endeavour outfitted the International Space Station's newly installed robotic maintenance man with tools and cameras during a seven-hour spac
Published 19 Mar, 2008 12:00am
Merkel tells Israeli parliament of Holocaust shame

Merkel tells Israeli parliament of Holocaust shame

German Chancellor Angela Merkel, addressing Israel's parliament in German and a smattering of Hebrew, said on Tuesday she bowed in shame to Holocaust victims and spoke of the danger of a nuclear Iran. Five legislators in the 120-member Knesset stayed away
Published 19 Mar, 2008 12:00am
Iraq reconciliation talks hit by walkouts

Iraq reconciliation talks hit by walkouts

A conference to reconcile Iraq's rival political parties fell apart almost as soon as it began on Tuesday, with influential Sunni and Shia blocs pulling out in protest.
Published 19 Mar, 2008 12:00am
Nato tightens grip on north Kosovo, US reinforces

Nato tightens grip on north Kosovo, US reinforces

Nato placed the Kosovo town of Mitrovica under de facto military law on Tuesday after riots by a Serb population hostile to independence killed one UN policeman and forced the withdrawal of UN personnel.
Published 19 Mar, 2008 12:00am
New Belgian government reaches agreement

New Belgian government reaches agreement

Five Belgian parties on Tuesday sealed a deal for a coalition government under Christian Democrat Yves Leterme, ending a political limbo which threatened to split the linguistically divided country. Leterme, who assumes power on Thursday, described the re
Published 19 Mar, 2008 12:00am
Obama criticises pastor's comment

Obama criticises pastor's comment

US presidential candidate Barack Obama sought to distance himself from incendiary remarks by his former pastor on Tuesday and said comments in which the minister railed against a racist America gave a "distorted view of this country."
Published 19 Mar, 2008 12:00am
Sterling climbs

Sterling climbs

Sterling rose more than one percent against the dollar on Tuesday, regaining its poise after posting the biggest one-day percentage loss on a trade weighted basis since September 1992 the previous day.
Published 19 Mar, 2008 12:00am
Dollar eases back towards recent lows in London

Dollar eases back towards recent lows in London

The dollar eased back towards the previous day's record lows versus the euro on Tuesday on expectations of a hefty Federal Reserve rate cut that will make the US currency the second lowest yielder in the G10.
Published 19 Mar, 2008 12:00am
Indian rupee recovers

Indian rupee recovers

The Indian rupee recovered on Tuesday from the previous session's six-month low, bolstered by a late afternoon rise in the local stock market as well as sales of dollars by exporters. Traders were also eyeing the outcome of the US Federal Reserve's meetin
Published 19 Mar, 2008 12:00am
Dow tops 400 points, oil surge

Dow tops 400 points, oil surge

US stocks jumped to session highs on Tuesday after the Federal Reserve slashed a key US interest rate by three-quarters of a percentage point, less than many financial market participants had expected. The Fed''s action takes the bellwether federal funds
Published 19 Mar, 2008 12:00am
Dow tops 400 points, oil surge

Dow tops 400 points, oil surge

US stocks jumped to session highs on Tuesday after the Federal Reserve slashed a key US interest rate by three-quarters of a percentage point, less than many financial market participants had expected. The Fed's action takes the bellwether federal funds r
Published 19 Mar, 2008 12:00am
Dow tops 400 points, oil surge

Dow tops 400 points, oil surge

US stocks jumped to session highs on Tuesday after the Federal Reserve slashed a key US interest rate by three-quarters of a percentage point, less than many financial market participants had expected. The Fed's action takes the bellwether federal funds r
Published 19 Mar, 2008 12:00am
Credit spreads stage dramatic rally

Credit spreads stage dramatic rally

European credit spreads staged a dramatic rally on Tuesday ahead of a much-hoped-for US interest rate cut, and after Lehman Brothers and Goldman Sachs reassured markets with sound quarterly results.
Published 19 Mar, 2008 12:00am
Credit spreads stage dramatic rally

Credit spreads stage dramatic rally

European credit spreads staged a dramatic rally on Tuesday ahead of a much-hoped-for US interest rate cut, and after Lehman Brothers and Goldman Sachs reassured markets with sound quarterly results.
Published 19 Mar, 2008 12:00am
China stocks at eight-month low

China stocks at eight-month low

China's main stock index closed down nearly 4 percent on Tuesday, hitting a fresh eight-month low as investors dumped newcomers listed this year and panic selling set in after months of nagging weakness. The benchmark Shanghai Composite Index tumbled 3.96
Published 19 Mar, 2008 12:00am
Asian bonds edge up

Asian bonds edge up

Asian bonds nudged higher on Tuesday after Monday's rout but the tone was cautious as investors awaited key results from the US financial sector and the Federal Reserve interest rate decision. The iTRAXX Asia ex-Japan high-yield index - an important measu
Published 19 Mar, 2008 12:00am
Asian bonds edge up

Asian bonds edge up

Asian bonds nudged higher on Tuesday after Monday's rout but the tone was cautious as investors awaited key results from the US financial sector and the Federal Reserve interest rate decision. The iTRAXX Asia ex-Japan high-yield index - an important measu
Published 19 Mar, 2008 12:00am
UK's top share index surges

UK's top share index surges

Britain's top shares surged 3.5 percent higher on Tuesday as the prospect of a hefty US rate cut and forecast-beating results from Lehman Brothers and Goldman Sachs calmed shaken investors. The FTSE 100 leading share index ended up 191.4 points at 5,605.8
Published 19 Mar, 2008 12:00am
Botswana opens its own diamond trading firm

Botswana opens its own diamond trading firm

Botswana launches its own diamond trading company on Tuesday in a move designed to boost local business and create jobs for citizens of the world's top producer of these precious stones.
Published 19 Mar, 2008 12:00am
London coffee, sugar and cocoa rise

London coffee, sugar and cocoa rise

Robusta coffee, sugar and cocoa futures all ended higher on Tuesday as the markets began to recover from the steep losses of the last few days, but the focus remained firmly on turmoil in global financial markets. "The (coffee) market is marking time to s
Published 19 Mar, 2008 12:00am
Oil rises after Fed rate cut

Oil rises after Fed rate cut

Oil prices rebounded sharply on Tuesday to over $109 a barrel after the US Federal Reserve deepened interest rate cuts to fend off a recession. The surge reversed heavy losses Monday that had been triggered by financial woes at investment banks, including
Published 19 Mar, 2008 12:00am
Japan sugar imports to fall

Japan sugar imports to fall

Japan's sugar imports in the April-June quarter will likely fall 14 percent from a year earlier due to a rise in stocks and after good weather helped boost locally grown supply, the Ministry of Agriculture said on Tuesday.
Published 19 Mar, 2008 12:00am
Fairtrade system at risk

Fairtrade system at risk

The Fairtrade marketing system designed to guarantee fair prices and premiums to farmers could be a casualty of the global boom in commodities prices, campaigners and industry analysts say. Coffee, tea and cocoa prices have soared to multi-year highs in r
Published 19 Mar, 2008 12:00am
Record prices reduce Dubai gold sales

Record prices reduce Dubai gold sales

Record high gold prices dampened Dubai's gold sales in February, depressing volume by about 15 percent from a year-ago, a top industry executive said on Tuesday. Dubai, the Gulf trade and business hub, is a traditional market for gold bullion and jeweller
Published 19 Mar, 2008 12:00am
Base metals recover

Base metals recover

Industrial metals bounced on Tuesday as investors waited for a decision on benchmark interest rates from the US Federal Reserve later in the session. Tin hit a record high of $20,950 a tonne as speculators bet on supply shortages and higher prices.
Published 19 Mar, 2008 12:00am
Gold rises in London

Gold rises in London

Gold rose 1 percent on Tuesday on a weaker dollar before paring gains, with investors waiting for a US interest-rate cut by the Federal Reserve to establish a clearer market direction. Bullion rose as high as $1,012.30 an ounce and was at $1,003.60/1,004.
Published 19 Mar, 2008 12:00am
US MIDDAY: cocoa dips, coffee mixed

US MIDDAY: cocoa dips, coffee mixed

Cocoa futures trading on ICE Futures US fell sharply for the second straight day early Tuesday, touching a 3-week low, as speculators liquidated long positions, while arabica coffee futures gyrated around the unchanged mark, traders said.
Published 19 Mar, 2008 12:00am
US MIDDAY: sugar up

US MIDDAY: sugar up

ICE raw sugar futures edged higher at the open Tuesday with an active options pit and supportive outside markets providing the sweetener with some early stability after Monday's sharp drop, brokers said.
Published 19 Mar, 2008 12:00am
US MIDDAY: wheat falls

US MIDDAY: wheat falls

Wheat futures on the Chicago Board of Trade turned lower at midmorning on Tuesday as nearby contracts on the Kansas City Board of Trade fell on thin, technical selling, traders said. As of 10:14 am CDT (1514 GMT), CBOT May wheat was up 1 cent at $11.32-1/
Published 19 Mar, 2008 12:00am
US MIDDAY: corn gains

US MIDDAY: corn gains

US corn futures gained on Tuesday on a recovery bounce from the limit-down close on Monday and on gains in crude oil, traders and analysts said. "Markets are trying to bounce and there was some buying on breaks, crude oil being up is another reason for th
Published 19 Mar, 2008 12:00am
US MIDDAY: soyabeans rally

US MIDDAY: soyabeans rally

Soyabean futures on the Chicago Board of Trade turned higher at midsession on Tuesday on oversold ideas after prices plunged the daily limit in the last three sessions, including earlier Tuesday, traders said.
Published 19 Mar, 2008 12:00am
US MIDDAY: copper higher

US MIDDAY: copper higher

US copper futures ended near their session highs on Tuesday in anticipation of an expected decision by the Federal Reserve to slash interest rates by as much as one full percentage point. Copper for May delivery settled up 6.15 cents at $3.7465 a lb on th
Published 19 Mar, 2008 12:00am
US MIDDAY: gold rises

US MIDDAY: gold rises

US gold futures climbed on Tuesday on the back of inflation fears due to a bounce of crude oil prices, after heavy liquidation erased sharp initial gains which took the market to record highs on Monday.
Published 19 Mar, 2008 12:00am
Old Ravians Union annual dinner on March 22

Old Ravians Union annual dinner on March 22

The annual dinner and musical programme of the Old Ravians Union of the GCU, Lahore, is being held at the varsity campus on March 22. Famous artists Shafqat Amanat Ali Khan, Rozen and Khalid Abbas Dar would perform on the occasion. Old Ravians from across
Published 19 Mar, 2008 12:00am
'Hypocrisy'

'Hypocrisy'

While all the political forces in the country are unanimously crying hoarse for the independence of judiciary, the well known figure of "Mr 10%" is, one by one, being cleared of all corruption cases; right in front of the eyes of hundreds and thousand of
Published 19 Mar, 2008 12:00am
Dangerous

Dangerous

A newspaper report of March 12, 2008 says Health Ministry's Drugs Registration Board has cancelled registration of all anti-diarrhoeal drugs containing Kaolin or Pectin, prohibiting their manufacture and sale.
Published 19 Mar, 2008 12:00am
Fed faces crucial week for US banks and economy

Fed faces crucial week for US banks and economy

With financial markets in turmoil and speculation that the US economy may have already entered a recession, the US Federal Reserve has been at the centre of it all. The current financial crisis "is likely to be judged in retrospect as the most wrenching s
Published 19 Mar, 2008 12:00am
GOOD MORNING: deliver or be damned

GOOD MORNING: deliver or be damned

"People are trapped in history and history is trapped in them."- James Baldwin. In a swiftly changing political and governmental scene, subsequent to the oath taking under the 1973 constitution, how far should one stretch the mileage that optimism will br
Published 19 Mar, 2008 12:00am
Doha, Pakistan and Karamazov's lament

Doha, Pakistan and Karamazov's lament

The World Trade Organization's purpose is to raise members' "standards of living...in accordance with the objective of sustainable development...in a manner consistent with their respective needs and concerns at different levels of economic development."
Published 19 Mar, 2008 12:00am
Reviewing anti-terrorism policy

Reviewing anti-terrorism policy

Last Sunday, a residential mud compound in the suburbs of Wana, South Waziristan, was attacked by a US plane. Security sources put the casualty figures as nine dead and same number injured. But the locals say some 20 people were killed.
Published 19 Mar, 2008 12:00am
Clearing the backlog

Clearing the backlog

After remaining indifferent spectators for well over a year, the authorities of the country are trying to make up for the lost time and are clearing the backlog in a hurry. It was only a fortnight back that the government had announced a considerable incr
Published 19 Mar, 2008 12:00am
US to develop collaboration linkages with UVAS

US to develop collaboration linkages with UVAS

The US State Department agreed to develop collaboration linkages with the University of Veterinary and Animal Sciences (UVAS) Lahore. The decision was taken in a meeting between the US delegation from the US State Department and the UVAS vice-chancellor,
Published 19 Mar, 2008 12:00am
Sialkot police launches neighbourhood verification scheme

Sialkot police launches neighbourhood verification scheme

Sialkot police has launched "Neighbourhood Verification Certificate Scheme" in all four tehsils of Sialkot district, this was disclosed by District Police Officer Sialkot Muhammad Amin. Under the scheme every citizen would be bound to fill the required in
Published 19 Mar, 2008 12:00am
Two cops held on bribery charge

Two cops held on bribery charge

The Anti-Corruption Department has arrested Assistant Sub-Inspector Muhammad Aalam and a constable Muhammad Siddique posted at PS Harbanspura, Lahore red-handed while taking Rs 30 thousand as gratification.
Published 19 Mar, 2008 12:00am
66 outlaws arrested

66 outlaws arrested

Investigation and CIA police, in its massive crackdown against criminals and proclaimed offenders, arrested 66 outlaws during midnight of March 17 & 18 and seized looted property as well as illegal weapons from their possession. The arrested proclaimed of
Published 19 Mar, 2008 12:00am
Ban lifted on issuance of arms licences

Ban lifted on issuance of arms licences

Sindh Government on Tuesday lifted a ban on issuance of arms licences with immediate effect, Provincial Home Department announced. The ban was imposed on November 19, 2007 on issuance of fresh arms licenses.
Published 19 Mar, 2008 12:00am
ASF launches rapid horticulture appraisal' scheme

ASF launches rapid horticulture appraisal' scheme

Agribusiness Support Fund (ASF) has launched 'Participatory Rapid Horticulture Appraisal' scheme to conduct a rapid appraisal of the horticulture sub-sector with an aim to identify those horticulture crops, which offer the greatest potential for growth.
Published 19 Mar, 2008 12:00am
Thorny issues indicate rough ride for new Assembly

Thorny issues indicate rough ride for new Assembly

Succession and transition in the subcontinent's all sorts of dynasties have quite often been not smooth and problem-free and claimants continue to challenge the successor for a long time.
Published 19 Mar, 2008 12:00am
Eid Milad to be celebrated with fervour on March 21

Eid Milad to be celebrated with fervour on March 21

The Punjab Auqaf department has chalked out an elaborated programme to celebrate Eid Milad-un Nabi (SAW) with religious fervour. A spokesman of the department said here on Tuesday that all mosques, under jurisdiction of the Punjab Auqaf department across
Published 19 Mar, 2008 12:00am
Pasban demands action against transporters

Pasban demands action against transporters

Syed Ashraf Hussain, President, Pasban, Karachi has demanded of government to issue non-bailable arrest warrants against transport strikers and confiscation of their vehicles. He was speaking to a rally, which was organised by Pasban outside Karachi Press
Published 19 Mar, 2008 12:00am
Protest against oil price hike

Protest against oil price hike

Pakistan Tehreek-e-Insaaf (PTI) held a protest against price hike, deteriorating law and order situation and rising unemployment outside the Lahore Press Club here on Tuesday.
Published 19 Mar, 2008 12:00am
PML-N to keep size of Punjab cabinet small

PML-N to keep size of Punjab cabinet small

Pakistan Muslim League-N leadership has decided in principle to keep the size of new Punjab Cabinet small and the number of provincial ministers in the PML-N-led coalition government is expected to be around 20. Sources in the PML-N told Business Recor
Published 19 Mar, 2008 12:00am
'Elected parliament can't work with un-elected president'

'Elected parliament can't work with un-elected president'

Pakistan Muslim League-Nawaz (PML-N) leader Hamza Shahbaz has said that elected parliament cannot work with un-elected President, adding that the sooner he quit the better it would. Addressing meetings at different places here on Tuesday, Hamza said that
Published 19 Mar, 2008 12:00am
Identity management no longer technology issue

Identity management no longer technology issue

Identity Management (IDM) is no longer just a technology issue but has become a business issue, and organisations have begun to realise its importance in doing business more efficiently.
Published 19 Mar, 2008 12:00am
Computerised jewellery designing course organised

Computerised jewellery designing course organised

Pakistan Gems and Jewellery Development Company (PGJDC) has organised a Computer Aided Jewellery Designing Course at the Computer Lab of National Institute of Design and Analysis Takatu Campus, Quetta.
Published 19 Mar, 2008 12:00am
Bank Alfalah, KalSoft sign agreement

Bank Alfalah, KalSoft sign agreement

KalSoft Pvt Ltd-a leading integrated IT solution provider and Bank Alfalah have signed an agreement, under which KalSoft will execute complete IT integration project for Bank Alfalah. The agreement was signed by the representatives of Bank Alfalah and Kal
Published 19 Mar, 2008 12:00am
Bomb hoax in private school at Clifton

Bomb hoax in private school at Clifton

A tip-off regarding planting of a bomb in a private school near 'Do Talwar' at Clifton area here proved to be a hoax. Clifton SP, Asif Aijaz Sheikh said that an anonymous telephone call regarding planting of a bomb in Index School near 'Do Talwar' Clifton
Published 19 Mar, 2008 12:00am
Nafa launching Income Fund

Nafa launching Income Fund

Nafa (National Fullerton Asset Management Limited) is launching Nafa Income Fund (NIF) in the last week of March. NIF will invest primarily in debt and money market instruments but will have no exposure to the stock market.
Published 19 Mar, 2008 12:00am
Nafa launching Income Fund

Nafa launching Income Fund

Nafa (National Fullerton Asset Management Limited) is launching Nafa Income Fund (NIF) in the last week of March. NIF will invest primarily in debt and money market instruments but will have no exposure to the stock market.
Published 19 Mar, 2008 12:00am
Clinton Foundation to assist CDGK on various projects

Clinton Foundation to assist CDGK on various projects

William J Clinton Foundation (WJCF), which has recently established its office in Karachi, will extend technical assistance to the city government in the fields of solid waste management, water, wastewater and transport.
Published 19 Mar, 2008 12:00am
PIAF hopes new government will devise business-friendly policies

PIAF hopes new government will devise business-friendly policies

Chairman Pakistan Traders and Industrial Associations Front (PIAF), Mian Abuzar Shad has expressed the optimism that the new government would come up with business-friendly policies to rescue the economy, which has gone under tremendous pressures owing to
Published 19 Mar, 2008 12:00am
Policemen roughed up for maltreating women

Policemen roughed up for maltreating women

Five young men badly beat up four policemen when the latter "maltreated" women members of the family in the name of investigation here on late Monday night near Nepa Roundabout. A huge crowd of onlookers witnessed the fight between five young men and four
Published 19 Mar, 2008 12:00am
PKR PPP versus USD-II

PKR PPP versus USD-II

The vicissitudes of Purchasing Power Parity of Pakistan Rupees vis-à-vis other currencies, during the past 60 years, make fascinating reading. From August 14, 1947 till September 17, 1971 Pakistan Rupees was pegged to the pound sterling - a legacy of the
Published 19 Mar, 2008 12:00am
Indus Motors car prices up by Rs 20,000

Indus Motors car prices up by Rs 20,000

Indus Motors has made Rs 20,000 increase in the prices of different models of Toyota Corolla and Cuore, saying that it was the result of continued appreciation of the yen against Pak rupee, sources told Business Recorder on Tuesday.
Published 19 Mar, 2008 12:00am
60-day remission in sentences

60-day remission in sentences

Provincial Caretaker Minister for Prisons has granted sixty days remission in sentences of all convicts languishing in prisons of NWFP on the occasion of Eid Millad-un-Nabi (SA).
Published 19 Mar, 2008 12:00am
PTA receives 3,886 complaints

PTA receives 3,886 complaints

Pakistan Telecommunication Authority (PTA) has received 3,886 complaints against telecom services providers, including PTCL, Mobile, WLL and value added services in the last three months of the year 2007. PTA has devised a mechanism to receive consumer co
Published 19 Mar, 2008 12:00am
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