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Nov 24, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2008-03-25
Japanese land prices rise for second year

Japanese land prices rise for second year

Japanese land prices rose for a second straight year through 2007 as Asia's largest economy continued to recover from the "lost decade" of weak growth and deflation, a government survey showed Monday.
Published 25 Mar, 2008 12:00am
Japanese executives more gloomy as yen soars

Japanese executives more gloomy as yen soars

Japanese business confidence slumped to the lowest level in at least four years as executives worried about a stronger yen and uncertainty over the global economy, a survey showed Monday. Sentiment among large companies dropped to minus 9.3 in the three m
Published 25 Mar, 2008 12:00am
Iran inflation keeps pressure on Ahmadinejad

Iran inflation keeps pressure on Ahmadinejad

Ali Daryani is embarrassed at the inflationary pain he is passing on to his customers. "Sometimes we have to change the price stickers three times a day because of inflation," the 42-year-old Tehran grocer said.
Published 25 Mar, 2008 12:00am
India pay panel suggests hikes, deficit may widen

India pay panel suggests hikes, deficit may widen

An Indian panel recommended on Monday a pay rise for federal workers that would cost 125.61 billion rupees ($3.1 billion) in the next fiscal year, which analysts said would undermine a drive to repair public finances.
Published 25 Mar, 2008 12:00am
Taiwan February export orders up

Taiwan February export orders up

Taiwan's export orders in February hit 25.88 billion US dollars, up 18.08 percent from a year earlier on strong global demand for electronics products, the government said Monday. However, the February figure was lower than 30.31 billion dollars in Januar
Published 25 Mar, 2008 12:00am
Exxon Mobil to move prompt Europe naphtha to Asia

Exxon Mobil to move prompt Europe naphtha to Asia

Exxon Mobil Corp will move a prompt 37,000-tonne naphtha cargo from Rotterdam to Singapore for loading during end-March, a rare shipment for the US oil major, trading sources said on Monday.
Published 25 Mar, 2008 12:00am
Malaysian minister says price controls 'a joke'

Malaysian minister says price controls 'a joke'

Malaysia's price-control system which is designed to suppress the cost of essential goods is "a joke", the new domestic trade minister said according to a report Monday. Anger over rising prices of food and fuel were a key issue in general elections earli
Published 25 Mar, 2008 12:00am
South Korean president sees inflation priority amid crisis

South Korean president sees inflation priority amid crisis

President Lee Myung-Bak says tackling inflation is his top priority as South Korea faces a "global economic crisis" beyond its control. Just one month after taking office, the former business executive's election pledge to boost economic growth faces a re
Published 25 Mar, 2008 12:00am
Indian shares rise 1.96 percent

Indian shares rise 1.96 percent

Indian share prices rose 1.96 percent on Monday after global oil prices fell from recent record highs, dealers said. They also said bank stocks led the gains as investors saw value after last week's US Federal Reserve 75 basis point cut in its key lending
Published 25 Mar, 2008 12:00am
Philippines shares lifted 1.8 percent

Philippines shares lifted 1.8 percent

Philippines share prices closed 1.8 percent higher on Monday on bargain hunting after a long Easter break, but trading was light as worries over the US economy remained, dealers said. The composite index rose 49.92 points to 2,867.50, off a high of 2,885.
Published 25 Mar, 2008 12:00am
Taiwan stocks jump four percent

Taiwan stocks jump four percent

Taiwan's stocks jumped 4 percent and its currency hit a decade high on Monday, as investors hoped for better trade ties and less political tension with China after the opposition's resounding win in the presidential election.
Published 25 Mar, 2008 12:00am
Chinese stock index down 4.5 percent

Chinese stock index down 4.5 percent

China's main stock index closed 4.49 percent lower on Monday, its biggest daily drop since late January, because of slides in large caps such as PetroChina and Ping An Insurance.
Published 25 Mar, 2008 12:00am
JGB futures dip

JGB futures dip

Japanese government bond futures fell on Monday in holiday-thinned trade, taking a breather from the volatility seen last week when hedge funds and other players rushed to unload loss-making trades.
Published 25 Mar, 2008 12:00am
JGB futures dip

JGB futures dip

Japanese government bond futures fell on Monday in holiday-thinned trade, taking a breather from the volatility seen last week when hedge funds and other players rushed to unload loss-making trades.
Published 25 Mar, 2008 12:00am
Seoul shares soar

Seoul shares soar

Seoul stocks gained 0.58 percent on Monday, led by financial and industrial companies, as a stronger won and stabilising commodities prices boosted market sentiment, encouraging investors to pick up beaten down shares. Monday's gains were fuelled by forei
Published 25 Mar, 2008 12:00am
Malaysian shares surge

Malaysian shares surge

Malaysian share prices closed 1.0 percent higher on Monday due to bargain hunting in selected blue chips such as financial, construction and mining-related stocks, dealers said. The Kuala Lumpur Composite Index closed up 11.96 points at 1,201.02 and tradi
Published 25 Mar, 2008 12:00am
Singapore shares close 3.64 percent firmer

Singapore shares close 3.64 percent firmer

Singapore share prices closed 3.64 percent higher on Monday on bargain hunting after the market's recent sharp losses amid fears of a recession in the United States, dealers said. The Straits Times Index jumped 102.88 points to 2,927.79 on volume of 1.22
Published 25 Mar, 2008 12:00am
Jakarta shares slightly up

Jakarta shares slightly up

Indonesian share prices ended 0.7 percent higher on Monday, lifted by a technical rebound in late trade in select big caps led by index heavyweight Telkom, coal producer Bumi Resources and Bank Mandiri, dealers said. The Jakarta Composite Index was up 15.
Published 25 Mar, 2008 12:00am
Vietnam stocks at 16-month low

Vietnam stocks at 16-month low

Vietnam shares fell for the seventh session in a row and closed at a 16-month low on Monday as recent government plans to buy stocks failed to boost investor confidence. Traders said a plan announced on March 6 by the state investment arm, the State Capit
Published 25 Mar, 2008 12:00am
Thai share prices rally

Thai share prices rally

Thai share prices closed 0.49 percent higher on Monday as small investors chased gains after losses last week, tracking other markets in the region, dealers said. They said major investors were absent because of the Easter holiday in many big markets.
Published 25 Mar, 2008 12:00am
Nikkei ends almost flat

Nikkei ends almost flat

Japan's Nikkei share average ended almost flat on Monday after a three-day winning streak, with gains by exporters like Honda Motor Co Ltd offseting declines in insurers such as Millea Holdings Inc In thin trade Japan's three largest banks, including Mits
Published 25 Mar, 2008 12:00am
China February foreign exchange reserves hit $1.65 trillion

China February foreign exchange reserves hit $1.65 trillion

China's foreign exchange reserves jumped $57.3 billion in February to $1.6471 trillion, almost matching January's surprising leap of $61.6 billion, two sources familiar with the data told Reuters on Friday. The leap, which complicates the central bank's t
Published 25 Mar, 2008 12:00am
Dollar gains versus euro

Dollar gains versus euro

The dollar rose against the euro on Monday, extending its recovery from a record low hit last week as investors sold commodities such as oil and gold and bought back the US currency ahead of the end of the first quarter. The dollar was also supported by t
Published 25 Mar, 2008 12:00am
Won rises

Won rises

The South Korean won rose 0.7 percent to a 10-day high against the dollar on Monday, despite losses by its regional peers, as diminishing worries about a global credit crunch boosted investor appetite for risk.
Published 25 Mar, 2008 12:00am
Asian currencies: Taiwan dollar hits decade high

Asian currencies: Taiwan dollar hits decade high

The Taiwan dollar climbed more than 1 percent on Monday to hit a 10-1/2-year high after this weekend's presidential poll, but the Malaysian ringgit lost a similar amount as investors traded Asian currencies selectively. A number of markets, including Indo
Published 25 Mar, 2008 12:00am
Egypt interest rates rise

Egypt interest rates rise

Egypt's central bank has decided to raise its key overnight interest rates by 50 basis points, Egypt's state-owned Gomhuria newspaper reported on Monday. Officials at the central bank's monetary policy unit declined to confirm the newspaper report, saying
Published 25 Mar, 2008 12:00am
Yuan hits high, ends down

Yuan hits high, ends down

The yuan hit a fresh post-revaluation high against the dollar for an eighth straight day on Monday, amid expectations that China would ensure relatively fast appreciation in the near term to fight inflation. But the yuan closed lower as the dollar continu
Published 25 Mar, 2008 12:00am
ICC to get tough on offensive language, gestures

ICC to get tough on offensive language, gestures

The International Cricket Council (ICC) has announced a "zero tolerance" crackdown on offensive language and gestures in the sport. As part of its drive to eradicate "sledging", the ICC sent a letter to international match officials and the captains and c
Published 25 Mar, 2008 12:00am
Jayawardene delighted with his ton

Jayawardene delighted with his ton

Sri Lanka captain Mahela Jayawardene was thrilled about reaching his first Test century against West Indies on the second day of the opening Test on Sunday at the Guyana National Stadium. Jayawardene scored 136, his 22nd Test hundred, to lift Sri Lanka to
Published 25 Mar, 2008 12:00am
Bangladesh captain fined for slapping fan

Bangladesh captain fined for slapping fan

Bangladesh cricket captain Mohammad Ashraful was fined on Monday for slapping a spectator who called his recent performance against South Africa "rubbish," an official said.
Published 25 Mar, 2008 12:00am
Itinerary for Bangladesh series announced

Itinerary for Bangladesh series announced

The Pakistan Cricket Board on Monday released the itinerary for next month's hastily-arranged one-day series against Bangladesh. Bangladesh will tour Pakistan from April 6-20 to play five one-day internationals and a twenty20 match, replacing Australia, w
Published 25 Mar, 2008 12:00am
Venue, flag rows overshadow Asian World Cup qualifiers

Venue, flag rows overshadow Asian World Cup qualifiers

Rows over venues and anthems overshadow Wednesday's crunch Asian World Cup qualifiers, when China host Australia and North and South Korea square off for a rare Cold War clash in Shanghai. China's decision to play at altitude has irked Australia, while th
Published 25 Mar, 2008 12:00am
Djokovic takes Indian Wells title

Djokovic takes Indian Wells title

World number three Novak Djokovic held off a fightback by American Mardy Fish to win the Pacific Life Open final 6-2 5-7 6-3 on Sunday and secure his second prestigious ATP title of the year. Two months after claiming his first grand slam crown at the Aus
Published 25 Mar, 2008 12:00am
Sri Lanka asks Pakistan to re-schedule ODI series

Sri Lanka asks Pakistan to re-schedule ODI series

Sri Lanka have asked Pakistan to re-schedule a proposed one-day international series in order to allow their players to take part in the Indian Premier League (IPL), a top official said here Monday. Chief executive of Sri Lanka Cricket (SLC) Duleep Mendis
Published 25 Mar, 2008 12:00am
Strauss, Bell help England dominate in third Test

Strauss, Bell help England dominate in third Test

Andrew Strauss and Ian Bell centuries put England firmly in command of the third cricket Test against New Zealand on Monday as they ended day three with a 501-run second innings lead. Strauss remained unbeaten on a career-best 173 with England at 416 for
Published 25 Mar, 2008 12:00am
Greatest experiment ever in particle physics nears countdown

Greatest experiment ever in particle physics nears countdown

Mighty things are going on at CERN, Europe's atom-smashing laboratory. Below ground, in a vast circular tunnel below the French-Swiss border near Geneva, the final pieces of a gigantic machine are being set in place for an extraordinary investigation into
Published 25 Mar, 2008 12:00am
Russia considering aid to Kosovo Serbs'

Russia considering aid to Kosovo Serbs'

Russian President Vladimir Putin instructed his government Monday to prepare possible deliveries of humanitarian aid to Serbs living in the disputed territory of Kosovo, news agencies reported. "If humanitarian aid is needed, then let's do it, but without
Published 25 Mar, 2008 12:00am
Iran to vote on April 25 in second round

Iran to vote on April 25 in second round

Iranians will vote on April 25 in the second round of parliamentary elections to decide the final make-up of their new parliament, with conservatives set to retain control, officials said Monday.
Published 25 Mar, 2008 12:00am
Germany warns of new Qaeda-linked threats

Germany warns of new Qaeda-linked threats

German secret services are concerned that extremists in north Africa are reinforcing al Qaeda, the country's intelligence head said in an interview to be published Tuesday.
Published 25 Mar, 2008 12:00am
Singapore court blocks Marcos funds transfer

Singapore court blocks Marcos funds transfer

Singapore's highest court on Monday rejected the Philippine government's appeal for the transfer of 25 million US dollars in assets allegedly belonging to the late dictator Ferdinand Marcos.
Published 25 Mar, 2008 12:00am
Afghan peace hurt by West's failed aid pledges

Afghan peace hurt by West's failed aid pledges

Peace in Afghanistan is undermined by Western nations' failure to deliver promised aid and 40 percent of funds that do reach the country return to the West in profits and salaries, aid agencies said on Monday.
Published 25 Mar, 2008 12:00am
Rice urges China to talk to Dalai Lama

Rice urges China to talk to Dalai Lama

US Secretary of State Condoleezza Rice urged China Monday to speak to the Dalai Lama as the "only policy that is sustainable in Tibet," during talks with her visiting Indian counterpart. "We believe that the answer for Tibet is to have a more sustainable
Published 25 Mar, 2008 12:00am
Shuttle to depart space station

Shuttle to depart space station

Space shuttle Endeavour was set to depart from the International Space Station on Monday, ending a long and busy stay that had astronauts thinking fondly about the return home. The shuttle was scheduled to undock from the station at 6:56 pm CDT (2356 GMT)
Published 25 Mar, 2008 12:00am
Saudi announces low-level delegation to Arab summit

Saudi announces low-level delegation to Arab summit

Saudi Arabia said on Monday it would be sending low-level representation to this week's Arab League summit in Damascus, confirming fears that an Arab rift over Lebanon could undermine the annual meeting.
Published 25 Mar, 2008 12:00am
China vows tight security on Olympic torch relay

China vows tight security on Olympic torch relay

China vowed strict security for the Olympic torch relay through restive Tibet on Monday as protesters tried to disrupt the torch lighting ceremony in Greece, clouding Beijing's hopes of the relay symbolising national unity.
Published 25 Mar, 2008 12:00am
Pressure grows on US Democrats to unite

Pressure grows on US Democrats to unite

Democrats came under mounting pressure Monday to close ranks behind a single candidate, as Hillary Clinton struggles to wrest the mathematical advantage from Barack Obama to win their party's nod for the White House.
Published 25 Mar, 2008 12:00am
US bows to Belarus demands to cut embassy staff

US bows to Belarus demands to cut embassy staff

The United States will bow to Belarus' call to cut its embassy staff in Minsk, acting head of mission Jonathan Moore said in a statement Monday. "The number of diplomatic employees in Belarus will be reduced to seventeen people by the end of the day on Ma
Published 25 Mar, 2008 12:00am
Cuba moves to decentralise state-run agriculture

Cuba moves to decentralise state-run agriculture

Communist Cuba has begun decentralising the state-dominated agriculture sector in what appears to be the first major move by new President Raul Castro to improve efficiency and cut bureaucracy.
Published 25 Mar, 2008 12:00am
Turks protest

Turks protest

US Vice President Dick Cheney was greeted by several small protests during a brief visit to Ankara on Monday where he held talks with Turkish leaders on regional security issues as a part of his Middle East tour. Dozens of protesters from a left-wing part
Published 25 Mar, 2008 12:00am
US military death toll in Iraq hits 4,000

US military death toll in Iraq hits 4,000

Four US soldiers were blown up in Baghdad, pushing the US military death toll in Iraq to 4,000 just days into the sixth year of a war that President George W. Bush says the United States is on track to win.
Published 25 Mar, 2008 12:00am
UN steps up donor appeal as food aid costs grow

UN steps up donor appeal as food aid costs grow

Soaring food and fuel prices threaten to widen the funding gap faced by the United Nations food aid agency this year, prompting officials to intensify their plea for last-minute donations they hope will preclude cuts to assistance for needy nations.
Published 25 Mar, 2008 12:00am
Bhutanese vote but reject king's uncle

Bhutanese vote but reject king's uncle

The people of the Himalayan kingdom of Bhutan shocked even themselves on Monday, voting for stability and experience in their first ever parliamentary polls but overwhelmingly rejecting a party led by the king's uncle.
Published 25 Mar, 2008 12:00am
Dollar strengthens broadly

Dollar strengthens broadly

The dollar strengthened broadly on Monday, extending gains into a fourth session as investors unwound large bets in commodities to square up positions across a range of asset classes ahead of the end of the first quarter.
Published 25 Mar, 2008 12:00am
Indian rupee climbs

Indian rupee climbs

The Indian rupee climbed to its highest in more than two weeks on Monday, boosted by foreign capital flows into the local stock market and on exporters paring dollar holdings. The partially convertible rupee ended at 40.27/28 per dollar, its highest since
Published 25 Mar, 2008 12:00am
'Unjustified' Asia bond weakness frustrates issuers

'Unjustified' Asia bond weakness frustrates issuers

Asian balance sheets remain healthy and economic growth resilient despite the global credit crunch, but, by one market measure, Asian bond issuers are an even worse risk than during the financial crisis a decade ago.
Published 25 Mar, 2008 12:00am
'Unjustified' Asia bond weakness frustrates issuers

'Unjustified' Asia bond weakness frustrates issuers

Asian balance sheets remain healthy and economic growth resilient despite the global credit crunch, but, by one market measure, Asian bond issuers are an even worse risk than during the financial crisis a decade ago.
Published 25 Mar, 2008 12:00am
Hong Kong markets closed

Hong Kong markets closed

Hong Kong currency and equity markets remain closed all on Monday for the Easter Monday holiday. Markets will resume trading on Tuesday, March 25. The benchmark Hang Seng Index closed at 21,108.22 on Thursday, falling 3.5 percent on the day.
Published 25 Mar, 2008 12:00am
UK and European markets closed

UK and European markets closed

The stock, financial and commodity markets in the UK and most of the European markets will resume trading on Tuesday, after a four-day closure due to Easter Day holidays.
Published 25 Mar, 2008 12:00am
Thai shares rally

Thai shares rally

Thai share prices closed 0.49 percent higher on Monday as small investors chased gains after losses last week, tracking other markets in the region, dealers said. The Stock Exchange of Thailand (SET) composite index rose 3.96 points to 807.28 and the blue
Published 25 Mar, 2008 12:00am
New York cotton settles higher

New York cotton settles higher

Cotton futures settled higher Monday on speculative short-covering after a holiday break but analysts are wary the advance may peter out in the days ahead, brokers said.
Published 25 Mar, 2008 12:00am
Rice heist sows panic among Thai farmers

Rice heist sows panic among Thai farmers

Thai rice farmers are guarding paddy fields and hurrying to bring in their crops after a granary theft last week fuelled rumours of bandits lured by surging rice prices, officials said on Monday.
Published 25 Mar, 2008 12:00am
World tuberculosis day observed

World tuberculosis day observed

The "World TB Day" was observed globally including Pakistan with a pledge to promote awareness about the disease, which is on rise in the Third World countries.
Published 25 Mar, 2008 12:00am
CRDI starts cement testing

CRDI starts cement testing

The Cement Research and Development Institute (CRDI) has started testing cement exported to Sri Lanka in line with the standards of the importing country.
Published 25 Mar, 2008 12:00am
A prayer

A prayer

Power corrupts. It breeds contempt and it is very difficult to share. With the present struggle for power I can only pray to God Almighty to help us in getting over our current political crisis which is revolving round power.
Published 25 Mar, 2008 12:00am
Can Karachi survive the power trauma?

Can Karachi survive the power trauma?

The privatised KESC, the brainchild of our former prime minister enjoying his saturated life now in America and Britain, has crippled to the hopeless conditions.
Published 25 Mar, 2008 12:00am
Belgrade street children struggle to eke out living

Belgrade street children struggle to eke out living

The plight of Luja, a 16-year-old who stopped going to school because he couldn't afford books, reflects that of the hundreds of homeless children in Belgrade. Instead of getting an education, he guards a private car parking lot, scraping just enough toge
Published 25 Mar, 2008 12:00am
Pop 'Idol' sparks controversy in Afghanistan

Pop 'Idol' sparks controversy in Afghanistan

The Afghan version of "American Idol" show sparked a new round of controversy in Afghanistan, as thousands people participated in voting and millions of viewers watched it on TV, while conservative clerics condemned it as "un-Islamic."
Published 25 Mar, 2008 12:00am
Right time for implementation of crop insurance scheme

Right time for implementation of crop insurance scheme

I congratulate Business Recorder of February 15 for writing an editorial highlighting the directive issued by Governor of State Bank of Pakistan, Dr, Shamshad Akhtar, while chairing the mid-term review meeting of Agricultural Credit Advisory Commit
Published 25 Mar, 2008 12:00am
Changing perspective on Taliban militancy

Changing perspective on Taliban militancy

US Vice President Dick Cheney, during his recent surprise visit to Kabul, was acutely conscious of the fact that Pakistan's new leadership could rethink and revise the country's policy towards militancy in the tribal region. But he hoped the new governmen
Published 25 Mar, 2008 12:00am
Regulating microfinance banks

Regulating microfinance banks

In view of their potential to generate employment and reduce poverty, microfinance banks (MFBs) have been given a lot of importance in the policy framework of most of the developing countries, including Pakistan, in the recent years.
Published 25 Mar, 2008 12:00am
Farmers demand relief package

Farmers demand relief package

Farmers Forum Pakpattan has expressed concern over the increase in petroleum prices and urged the government to lower the prices. Farmers' Forum Pakpattan President Mian Ali Sher Hans said this while talking to newsmen here on Monday.
Published 25 Mar, 2008 12:00am
Upstream of Kotri Barrage: water to be released for drinking purposes

Upstream of Kotri Barrage: water to be released for drinking purposes

Sindh Irrigation Department has decided to release water from upstream of Kotri Barrage to two channels only for the purpose of drinking, for the people of Karachi, Hyderabad and interior parts of Sindh province in view of acute water shortage in river In
Published 25 Mar, 2008 12:00am
Landi Renzo starts producing CNG kits locally

Landi Renzo starts producing CNG kits locally

Landi Renzo (LR) Pak Ltd, has started manufacturing the components of CNG kits local in Pakistan to stabilise the prices of its kits in the wake of rising euro. The CEO, Landi Renzo Group, Stefano Landi said this to newsmen. The Director Sales, LR, France
Published 25 Mar, 2008 12:00am
Trading suspended

Trading suspended

The Securities and Exchange Commission of Pakistan (SECP) has suspended the trading in shares of the Adil Polypropylene Products Limited for another period of 60 days beginning on March 28.
Published 25 Mar, 2008 12:00am
Seven of a family burnt alive

Seven of a family burnt alive

Seven members of a family were burnt alive in their sleeps at Bar Laikot area in scenic Kalam valley when a sudden fire, apparently due to short circuiting, engulfed their house on late Sunday night, police sources said.
Published 25 Mar, 2008 12:00am
Pakistan eager to expand defence ties with Bosnia: Musharraf

Pakistan eager to expand defence ties with Bosnia: Musharraf

President Pervez Musharraf on Monday said that Pakistan was eager to expand bilateral co-operation with Bosnia. Talking to Bosnian Defence Minister Selmo Cikotic, President Musharraf said that defence co-operation had enormous potential particularly in ar
Published 25 Mar, 2008 12:00am
Pesco chief urges consumers to conserve electricity

Pesco chief urges consumers to conserve electricity

Chief Executive, Peshawar Electricity Supply Company (Pesco) Muhammad Qasim Khan has urged consumers to conserve electricity and extend their co-operation to stop unnecessary and illegal usage of electricity.
Published 25 Mar, 2008 12:00am
Seminar on economic and policy constraints held

Seminar on economic and policy constraints held

Pakistan Agricultural Research Council (Parc) in collaboration with Australian Centre for International Agricultural Research (ACIAR) organised a seminar on 'Economic and Policy Constraints Affecting the Development of Small Scale Dairy Farmers in Pakista
Published 25 Mar, 2008 12:00am
Thesis topics of 20 PhD scholars approved

Thesis topics of 20 PhD scholars approved

The Advance Studies and Research Board, Punjab University (ASRB) on Monday has approved thesis topics of 20 PhD scholars of various departments and institutes of the university.
Published 25 Mar, 2008 12:00am
Punjab University issues schedule of supplementary exams

Punjab University issues schedule of supplementary exams

The examination department of Punjab University has issued supplementary examinations schedule of LLB Part-II, MBBS (re-organised scheme), MBBS (new re-organised scheme) and MBBS (latest new re-organised scheme).
Published 25 Mar, 2008 12:00am
Fesco installs Rs 45 million new transformer

Fesco installs Rs 45 million new transformer

Faisalabad Electric Supply Company (Fesco) has installed 20/26KVA new fourth transformer at 132-KV Factory Area grid station with the total cost of Rs 45 million, which will provide better and smooth voltage electricity supply in Clock Tower, its around e
Published 25 Mar, 2008 12:00am
Iesco announces power shut down schedule

Iesco announces power shut down schedule

Power supply will remain suspended due to different construction and annual maintenance works as per following schedule, says an Iesco press release.
Published 25 Mar, 2008 12:00am
Khalid for opening more medical colleges

Khalid for opening more medical colleges

Governor Khalid Maqbool has said there is a need to open more medical colleges to meet the shortage of trained doctors as healthcare has become a major issue and we are losing billions of dollars every year in terms of economic productivity owing to "dise
Published 25 Mar, 2008 12:00am
'QIE a model industrial estate'

'QIE a model industrial estate'

The Quaid-i-Azam Industrial Estate (QIE) has now become a model industrial estate of the country because of the untiring efforts of its board of management, said estate president Mian Nauman Kabir who revealed in a progress report.
Published 25 Mar, 2008 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

Parades, pledges and salutes are symbolic of freedom and democracy. We saw that in plenty a day earlier on Pakistan Day (March 23). One day later we witnessed a large number of people of diverse origin turn up at the Assembly premises, from all over Pakis
Published 25 Mar, 2008 12:00am
Soomro's stepmother joins PEP

Soomro's stepmother joins PEP

The stepmother of Caretaker Prime Minister Muhammadmian Soomro, Sarwat-un-Nisa has announced that she is joining Pakistan Ehtesab Party (PEP). Her announcement came in a press conference on Monday at Lahore Press Club where she, accompanied with party cen
Published 25 Mar, 2008 12:00am
DMAC takes serious note of mismanagement in RDA

DMAC takes serious note of mismanagement in RDA

The District Monitoring Accounts Committee (DMAC) took serious note of the mismanagement and malpractices in Rawalpindi District Administration, which caused over Rs 290 million loss to the national exchequer.
Published 25 Mar, 2008 12:00am
Fake degree case: LHC adjourns hearing till March 26

Fake degree case: LHC adjourns hearing till March 26

The Lahore High Court has rejected restoring stay against the suspension of a notification of newly elected member of the Provincial Assembly, Chaudhry Abdul Ghafoor and adjourned the case till March 26.
Published 25 Mar, 2008 12:00am
About three million kids vaccinated in anti-measles drive

About three million kids vaccinated in anti-measles drive

The anti-measles campaign in the Punjab is progressing at a brisk pace, with a total of 2,821,140 children in the 9-month to 13-year age bracket were provided vaccine in the first six days, till Saturday, March 22. The drive, which commenced on March 17,
Published 25 Mar, 2008 12:00am
NGOs help sought to eradicate tuberculosis

NGOs help sought to eradicate tuberculosis

The City District Government Rawalpindi (CDGR) has earmarked Rs 45 million to provide better healthcare facilities especially in far-flung rural areas of the district, said Raja Javed Ikhlas, City District Nazim here on Monday.
Published 25 Mar, 2008 12:00am
USAID extends $6.4 million for tuberculosis control programme

USAID extends $6.4 million for tuberculosis control programme

The United States Agency for International Development (USAID) has extended 6.4 million dollars for expansion of Pakistan's National TB Control Programme through the World Health Organisation (WHO). This was announced by Anne Aarnes, USAID's Pakistan Miss
Published 25 Mar, 2008 12:00am
Second International Maritime Conference begins today

Second International Maritime Conference begins today

The three-day second International Maritime Conference (IMC) being organised by National Centre for Maritime Policy Research, Bahria University, will start from today (Tuesday). According to a press release issued on Monday the moot will be attended by em
Published 25 Mar, 2008 12:00am
Nano science beneficial for environment: Atta

Nano science beneficial for environment: Atta

Research in nano science could bring countless benefits to human environment, said Chairman, Higher Education Commission (HEC), Dr Atta-ur-Rahman, while inaugurating a two-day workshop on 'Nano Science and Catalysis' at the Quaid-i-Azam University (QAU) j
Published 25 Mar, 2008 12:00am
Government accused of destroying image of country

Government accused of destroying image of country

Chairperson, Pakistan Muslim League-Nawaz (PML-N)'s Cultural wing Farah Deeba has said that this will be the priority of the new government to establish peace and improve the image of the country world-wide. She expressed her views while speaking in the s
Published 25 Mar, 2008 12:00am
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