AGL 39.58 Decreased By ▼ -0.42 (-1.05%)
AIRLINK 131.22 Increased By ▲ 2.16 (1.67%)
BOP 6.81 Increased By ▲ 0.06 (0.89%)
CNERGY 4.71 Increased By ▲ 0.22 (4.9%)
DCL 8.44 Decreased By ▼ -0.11 (-1.29%)
DFML 41.47 Increased By ▲ 0.65 (1.59%)
DGKC 82.09 Increased By ▲ 1.13 (1.4%)
FCCL 33.10 Increased By ▲ 0.33 (1.01%)
FFBL 72.87 Decreased By ▼ -1.56 (-2.1%)
FFL 12.26 Increased By ▲ 0.52 (4.43%)
HUBC 110.74 Increased By ▲ 1.16 (1.06%)
HUMNL 14.51 Increased By ▲ 0.76 (5.53%)
KEL 5.19 Decreased By ▼ -0.12 (-2.26%)
KOSM 7.61 Decreased By ▼ -0.11 (-1.42%)
MLCF 38.90 Increased By ▲ 0.30 (0.78%)
NBP 64.01 Increased By ▲ 0.50 (0.79%)
OGDC 192.82 Decreased By ▼ -1.87 (-0.96%)
PAEL 25.68 Decreased By ▼ -0.03 (-0.12%)
PIBTL 7.34 Decreased By ▼ -0.05 (-0.68%)
PPL 154.07 Decreased By ▼ -1.38 (-0.89%)
PRL 25.83 Increased By ▲ 0.04 (0.16%)
PTC 17.81 Increased By ▲ 0.31 (1.77%)
SEARL 82.30 Increased By ▲ 3.65 (4.64%)
TELE 7.76 Decreased By ▼ -0.10 (-1.27%)
TOMCL 33.46 Decreased By ▼ -0.27 (-0.8%)
TPLP 8.49 Increased By ▲ 0.09 (1.07%)
TREET 16.62 Increased By ▲ 0.35 (2.15%)
TRG 57.40 Decreased By ▼ -0.82 (-1.41%)
UNITY 27.51 Increased By ▲ 0.02 (0.07%)
WTL 1.37 Decreased By ▼ -0.02 (-1.44%)
BR100 10,504 Increased By 59.3 (0.57%)
BR30 31,226 Increased By 36.9 (0.12%)
KSE100 98,080 Increased By 281.6 (0.29%)
KSE30 30,559 Increased By 78 (0.26%)
Nov 25, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2008-04-03
Global economy woes cast shadow on climate talks

Global economy woes cast shadow on climate talks

Painstakingly tough negotiations on how to fight climate change are getting even harder as concerns mount that the global economy is heading into recession. Even when the economic outlook looked brighter, the United States led criticism that the existing
Published 03 Apr, 2008 12:00am
Obama ties Hillary to corporate interests

Obama ties Hillary to corporate interests

Democrat Barack Obama on Wednesday rejected Hillary Clinton's claims to be a champion of working families and portrayed his presidential rival as a defender of corporate interests and the status quo.
Published 03 Apr, 2008 12:00am
Mugabe's party loses control of parliament

Mugabe's party loses control of parliament

Zimbabwe's ruling party lost control of parliament on Wednesday and the opposition said it had also defeated veteran leader Robert Mugabe in a presidential vote. Official figures said the combined opposition had taken 105 seats in the 210 seat parliament
Published 03 Apr, 2008 12:00am
New Myanmar constitution keeps military dominant

New Myanmar constitution keeps military dominant

Leaked copies of Myanmar's new constitution, in hefty green paperbacks secretly circulating in Yangon, show the military will receive sweeping powers that ensure its dominance even after elections.
Published 03 Apr, 2008 12:00am
US state centres tap into personal data

US state centres tap into personal data

Intelligence centres run by US states have access to personal information about millions of Americans, The Washington Post reported on Wednesday.
Published 03 Apr, 2008 12:00am
Paulson urges China to have dialogue on Tibet

Paulson urges China to have dialogue on Tibet

US Treasury Secretary Henry Paulson raised the sensitive topic of unrest in Tibet during a visit to Beijing on Wednesday, urging a resolution to the issue through dialogue. Paulson was the most senior US official to visit China since protests broke out in
Published 03 Apr, 2008 12:00am
Cambodia, Qatar sign flight deal

Cambodia, Qatar sign flight deal

Cambodia and Qatar have established direct flights aimed at promoting tourism between the Middle East and the tiny Southeast Asian nation, officials said Wednesday.
Published 03 Apr, 2008 12:00am
Israel to hand out gas masks to civilians

Israel to hand out gas masks to civilians

Israeli authorities have decided to distribute gas masks to civilians, starting next year, to prepare for a possible non-conventional weapons' attack, public radio reported. It said Deputy Defence Minister Matan Vilnai announced the decision during a clos
Published 03 Apr, 2008 12:00am
Bush pushes Nato on Afghanistan, Georgia and Ukraine

Bush pushes Nato on Afghanistan, Georgia and Ukraine

US President George W. Bush went into his final Nato summit on Wednesday urging his European allies to send more troops to Afghanistan and to set two former Soviet republics, Georgia and Ukraine, on a path to membership.
Published 03 Apr, 2008 12:00am
Heavy fighting kills 43 in Sri Lanka

Heavy fighting kills 43 in Sri Lanka

Government troops Wednesday captured a strip of land from Tamil Tigers after heavy fighting across the island's north left 42 rebels and a soldier dead, the defence ministry said. Security forces killed the guerrillas from the Liberation Tigers of Tamil E
Published 03 Apr, 2008 12:00am
Poor Bangladeshis told to eat potatoes as rice prices soar

Poor Bangladeshis told to eat potatoes as rice prices soar

The military chief of emergency-ruled Bangladesh told villagers on Thursday to eat potatoes to reduce spiralling demand for rice, which has seen prices double in a year, a report said. "Eating potato with rice will reduce its demand alongside fulfilling n
Published 03 Apr, 2008 12:00am
Amnesty lays into China on rights before Olympics

Amnesty lays into China on rights before Olympics

The Olympics have so far failed to catalyse reform in China and pledges to improve human rights before the Games look disingenuous after a string of violations in Beijing and a crackdown in Tibet, Amnesty International said.
Published 03 Apr, 2008 12:00am
Sterling rises

Sterling rises

Sterling ticked up versus the euro and dollar on Wednesday, bolstered by an increase in risk appetite, but analysts said the longer term outlook for the British economy and its currency remained relatively glum. Risk appetite improved broadly on speculati
Published 03 Apr, 2008 12:00am
Indian rupee moves higher

Indian rupee moves higher

The Indian rupee inched higher on Wednesday, helped by inflows into the stock market and dollar selling by exporters, but traders said central bank intervention curbed gains. The partially convertible rupee ended at 39.980/39.985 on Wednesday, 0.33 percen
Published 03 Apr, 2008 12:00am
Dollar gains in London trade

Dollar gains in London trade

The dollar gained against the yen on Wednesday as sentiment on the banking sector improved and after better than expected data the previous session signalled the US economy may be in better shape than many had feared.
Published 03 Apr, 2008 12:00am
Credit spreads remain higher

Credit spreads remain higher

European credit spreads rallied for a second day on Wednesday as fears of a global financial disaster eased and after a US report showed a surprise monthly gain in jobs. By 1639 GMT, the Markit iTraxx Crossover index, made up of 50 mostly "junk"-rated cre
Published 03 Apr, 2008 12:00am
Credit spreads remain higher

Credit spreads remain higher

European credit spreads rallied for a second day on Wednesday as fears of a global financial disaster eased and after a US report showed a surprise monthly gain in jobs. By 1639 GMT, the Markit iTraxx Crossover index, made up of 50 mostly "junk"-rated cre
Published 03 Apr, 2008 12:00am
Wednesday's midday trade: banks help US stocks stay higher

Wednesday's midday trade: banks help US stocks stay higher

US stocks edged up on Wednesday, supported for the second straight day by the banking sector as investors looked for bargains after recent massive write-downs fed optimism that the worst of the credit morass may be over.
Published 03 Apr, 2008 12:00am
Asian bonds rebound

Asian bonds rebound

Asian bonds leapt on Wednesday after a strong response to a Lehman Brothers share sale and following capital infusion plans by other institutions that evoked investor confidence in the financial sector. On Tuesday, Wall Street firm Lehman Brothers raised
Published 03 Apr, 2008 12:00am
Asian bonds rebound

Asian bonds rebound

Asian bonds leapt on Wednesday after a strong response to a Lehman Brothers share sale and following capital infusion plans by other institutions that evoked investor confidence in the financial sector. On Tuesday, Wall Street firm Lehman Brothers raised
Published 03 Apr, 2008 12:00am
Most China stocks fall

Most China stocks fall

China's main stock index came sharply off the day's highs on Wednesday to close slightly higher, underperforming foreign markets because of concern about slowing economic growth and huge supplies of fresh equity.
Published 03 Apr, 2008 12:00am
UK's top share index advances

UK's top share index advances

Britain's blue chip index ended higher on Wednesday, buoyed by mining and financial stocks as investors hoped that an end to subprime-related losses was finally in sight, though analysts remained sceptical. The FTSE 100 advanced 63.3 points or 1.1 percent
Published 03 Apr, 2008 12:00am
London coffee falls; cocoa and sugar rise

London coffee falls; cocoa and sugar rise

London robusta coffee futures fell on investor selling at midsession on Wednesday, while cocoa inched higher on light arbitrage and position rolling, and white sugar was little changed in light volumes. London robusta coffee futures fell on light investor
Published 03 Apr, 2008 12:00am
Oil surges $3 on US fuel inventory draw

Oil surges $3 on US fuel inventory draw

Oil surged $3 to near $104 a barrel on Wednesday after a US government report showed a steep draw in US refined fuel inventories as the giant consumer gears up for the summer driving season. The gains snapped three days of losses as Iraq began to repair a
Published 03 Apr, 2008 12:00am
Thailand to release rice for domestic use

Thailand to release rice for domestic use

Thailand will release 650,000 tonnes of rice from government stockpiles and sell it domestically at a reduced price in a bid to ease soaring local prices, the commerce ministry said on Wednesday.
Published 03 Apr, 2008 12:00am
Funds to prop sugar, fundamentals weak: ISO

Funds to prop sugar, fundamentals weak: ISO

Global sugar prices will hover around 11 to 14 cents per pound in the year to September 2008 despite weak fundamentals as funds support prices, a top official at the International Sugar Organisation said on Wednesday.
Published 03 Apr, 2008 12:00am
Global wheat prices to fall: UN

Global wheat prices to fall: UN

Global wheat prices will probably fall from record levels this year as production expands, but depleted global stocks will lend some strength, a UN grain economist said on Wednesday.
Published 03 Apr, 2008 12:00am
Copper rises

Copper rises

Copper rose on Wednesday as global markets were led higher on signs the worst of the credit crunch might be ending, analysts and traders said. Copper for three-months delivery on the London Metal Exchange, often seen as a key gauge of real economic activi
Published 03 Apr, 2008 12:00am
Gold springs back

Gold springs back

Gold rebounded on Wednesday to trade in a tight range after a sharp drop in prices to two-month lows in the previous session encouraged bargain hunters and investors to snap up the metal.
Published 03 Apr, 2008 12:00am
US MIDDAY: cocoa little changed, coffee up

US MIDDAY: cocoa little changed, coffee up

Arabica coffee futures trading on ICE Futures US moved a bit higher after holding above Tuesday's low in early action Wednesday, while cocoa futures were little changed in quiet trade. ICE Futures US May coffee up 0.95 cent at $1.3005 per lb at 9:28 am (1
Published 03 Apr, 2008 12:00am
US MIDDAY: sugar eases

US MIDDAY: sugar eases

Raw sugar futures levels on ICE Futures US at 8:20 am EDT (1220 GMT) Wednesday: May sugar was contract off 0.01 cent at 11.51 cents per lb. Range at 11.41 to 11.65 cents. May contract volume at 4,440 lots.
Published 03 Apr, 2008 12:00am
US MIDDAY: wheat up

US MIDDAY: wheat up

Wheat futures on the Chicago Board of Trade were higher early on Wednesday in a technical rebound following a week-long sell-off and signs of fresh export interest, traders said. USDA confirms Egypt buys 120,000 tonnes 2008/09 US soft red winter wheat.
Published 03 Apr, 2008 12:00am
US MIDDAY: corn hits record high

US MIDDAY: corn hits record high

May corn was up 13 cents at $5.97 per bushel, new-crop December up 11-1/2 at $6.04-1/2. Contract highs hit in front seven contracts; July 2009 set an all-time high at $6.15. Market supported by wet weather in US Midwest, leading to possible shift away fro
Published 03 Apr, 2008 12:00am
US MIDDAY: soyabeans higher

US MIDDAY: soyabeans higher

May soyabeans up 19 cents at $12.30 per bushel, new-crop November up 12-3/4 at $11.60. Rallied, led by nearbys on fresh export interest as the ongoing farmer strike in Argentina halts exports from that country. New-crop lags by wet weather in US Midwest t
Published 03 Apr, 2008 12:00am
US MIDDAY: copper climbs

US MIDDAY: copper climbs

US copper futures at the New York Mercantile Exchange's Comex division edged higher early Wednesday on the back of better-than-expected US economic data. Active May copper rose 1.95 cents to $3.8260 a lb by 10:02 am EDT (1402 GMT). Range from $3.7665 to $
Published 03 Apr, 2008 12:00am
US MIDDAY: gold rises

US MIDDAY: gold rises

New York gold futures climbed Wednesday as a dollar rally lost steam after Federal Reserve Chairman Ben Bernanke said in congressional testimony the US economy could contract in the first half of this year.
Published 03 Apr, 2008 12:00am
Thatta Cement listing on KSE approved

Thatta Cement listing on KSE approved

The Karachi Stock Exchange (KSE) has approved the application for formal listing and quotation of shares of Thatta Cement Company Limited (THCCL) on completion of all formalities required under the Listing Regulations of the Exchange.
Published 03 Apr, 2008 12:00am
Thatta Cement listing on KSE approved

Thatta Cement listing on KSE approved

The Karachi Stock Exchange (KSE) has approved the application for formal listing and quotation of shares of Thatta Cement Company Limited (THCCL) on completion of all formalities required under the Listing Regulations of the Exchange.
Published 03 Apr, 2008 12:00am
PPP activist killed

PPP activist killed

Activist of PPP on Wednesday was shot dead by unidentified assailants at Orangi Town in the jurisdiction of Pakistan Bazar police station. The police said that at around 11:30, activist of PPP identified as Talha Siddiqui, 22 was gunned down near the shri
Published 03 Apr, 2008 12:00am
Farmers bodies reject wheat support price

Farmers bodies reject wheat support price

Seven organisations representing farmers rejecting the wheat support price announced by the government have called for fixing it at par with the international price. They also asked the farmers to hold their produce for at least two months instead of sell
Published 03 Apr, 2008 12:00am
Pensioners' woes

Pensioners' woes

It is no denying the fact that the retired Government pensioners as well as EOBI pensioners both are worst affected by the sprawling dearness and there is no visible hope for improvement in their plight.
Published 03 Apr, 2008 12:00am
The beginning of euphoria

The beginning of euphoria

We have a saying in Urdu 'Khao, Piyo aur Raj Karo'. In English it is, Do as the Romans does. The British Raj, which ruled over us, the subjects, for two hundred years left us while leaving their legacy behind to be followed by our rulers post the era of t
Published 03 Apr, 2008 12:00am
Kalabagh Dam

Kalabagh Dam

It is a matter of great concern that a national consensus could not be built on this Kalabagh Dam most important project, which could bring a lot of good for the country.
Published 03 Apr, 2008 12:00am
Microcredit raises hopes for India's farm widows

Microcredit raises hopes for India's farm widows

Savita Jiddewar is a rare success story on the cotton fields of central India, the epicentre of an agrarian crisis that has seen 150,000 farmers commit suicide since 1997 because they could not pay back loans. Her home stands out strikingly in this small
Published 03 Apr, 2008 12:00am
Potential for sustaining the manufacturing sector growth

Potential for sustaining the manufacturing sector growth

The following are excerpts from State Bank of Pakistan's second quarterly report for FY08 released on Monday. The domestic manufacturing sector seems well poised to sustain the growth spurt in recent years. This evaluation is based on the potential and th
Published 03 Apr, 2008 12:00am
Prime Minister should set the example

Prime Minister should set the example

Both the newly elected government and the GHQ are finally on the same page as regards the issue of militarymen serving in civilian departments, which is nice except for some aberrations that remain. Last week the GHQ announced, as per an earlier statement
Published 03 Apr, 2008 12:00am
The President and Parliament

The President and Parliament

The swearing-in ceremony of the federal cabinet on Monday was as grim as it forebode troubled times ahead for the relationship between President Pervez Musharraf and the four-party coalition government headed by Syed Yusuf Raza Gilani.
Published 03 Apr, 2008 12:00am
LTBA welcomes induction of Dar in cabinet

LTBA welcomes induction of Dar in cabinet

The Lahore Tax Bar Association (LTBA) has welcomed the induction of Ishaq Dar in the federal cabinet as finance minister and assured him of their all-out support in taking his government's economic agenda forward.
Published 03 Apr, 2008 12:00am
Qatar keen to invest in different projects

Qatar keen to invest in different projects

Qatar will invest millions of dollars in different projects in Pakistan. This was stated by Sheikh Ali Bin Abdullah Al-Thani, a member of Qatar royal family and chairman Board of Director Pak-Qatar Family Takaful and Pak-Qatar General Takaful.
Published 03 Apr, 2008 12:00am
Qatar keen to invest in different projects

Qatar keen to invest in different projects

Qatar will invest millions of dollars in different projects in Pakistan. This was stated by Sheikh Ali Bin Abdullah Al-Thani, a member of Qatar royal family and chairman Board of Director Pak-Qatar Family Takaful and Pak-Qatar General Takaful.
Published 03 Apr, 2008 12:00am
Public-private sector investment needed to resolve energy crisis

Public-private sector investment needed to resolve energy crisis

Pakistan Electric Power Company (Pepco) Managing Director Engineer Munawwar Baseer has said that energy is essential for economic prosperity and both developed and under-developed countries are focusing on enhancing their energy capacities and also workin
Published 03 Apr, 2008 12:00am
PPP CEC meeting today

PPP CEC meeting today

Central Executive Committee (CEC) and Federal Council of Pakistan People's Party (PPP) will meet on Thursday (today) in Naudero to draft the outlines for future strategy. Sources told APP here on Wednesday.
Published 03 Apr, 2008 12:00am
LDDB to hold meetings to improve milk production

LDDB to hold meetings to improve milk production

Livestock and Dairy Development Board (LDDB) is holding two brain storming sessions with progressive farmers and milk processors during the current month to evolve a strategy for improving the milk production and quality as well as ensuring proper rates t
Published 03 Apr, 2008 12:00am
SHO suspended

SHO suspended

The Capital City Police Officer (CCPO), Additional IG, Malik Mohammad Iqbal, has suspended the SHO, Nishtar Colony, Inspector Abdullah Jaan for one year on charges of alleged disobedience, inefficiency and gross negligence of duty.
Published 03 Apr, 2008 12:00am
Second world LPG conference and exhibition on April 8

Second world LPG conference and exhibition on April 8

The second international LPG conference and exhibition will be held in Islamabad from April 8. The conference, which will focus on expanding LPG market, will be attended by LPG producers, marketing companies, senior officials of the Petroleum Ministry, Og
Published 03 Apr, 2008 12:00am
Asian developing economies to register solid growth in 2008: ADB

Asian developing economies to register solid growth in 2008: ADB

The developing Asian economies will register solid growth in 2008 despite slowdown in major industrial economies, surging food and fuel prices, and a simmering credit crisis in the United States, the Asian Development Bank (ADB) said in a report.
Published 03 Apr, 2008 12:00am
Asian developing economies to register solid growth in 2008: ADB

Asian developing economies to register solid growth in 2008: ADB

The developing Asian economies will register solid growth in 2008 despite slowdown in major industrial economies, surging food and fuel prices, and a simmering credit crisis in the United States, the Asian Development Bank (ADB) said in a report.
Published 03 Apr, 2008 12:00am
Nestle products prices go up

Nestle products prices go up

Nestle Pakistan has announced many-fold increases in the prices of its infant formulas. The new price list issued by the company has already been made applicable from Wednesday (April 2), the market sources told Business Recorder.
Published 03 Apr, 2008 12:00am
Chrah residents rally against Pinstech

Chrah residents rally against Pinstech

Residents of Union Council Chrah on Wednesday rallied against illicit encroachment of Pakistan Institute of Nuclear Science and Technology (Pinstech) and ban on construction in 2-km area around the institute premises.
Published 03 Apr, 2008 12:00am
Former Indian diplomat visits FJWU

Former Indian diplomat visits FJWU

Former Indian diplomat, Sardar Gurbachan Singh Wednesday visited Fatima Jinnah Women University (FJWU), where he was briefed about its working. Sardar Gurbachan Singh, is a member of Association of Indian Diplomats delegation currently visiting Pakistan o
Published 03 Apr, 2008 12:00am
Minimum annual environmental damage cost estimated at Rs 365 billion

Minimum annual environmental damage cost estimated at Rs 365 billion

The minimum estimated annual cost of environmental and natural resource damage is about Rs 365 billion or 6 percent of the GDP, sources told Business Recorder here on Wednesday. The implication of this continuing degradation is that despite record
Published 03 Apr, 2008 12:00am
40-member cultural team leaving for Iran on April 6

40-member cultural team leaving for Iran on April 6

Iran is opening up a new era of people to people contact with brotherly Pakistan, Cultural Consular Sahib Fossool said in a news conference held here at the Iranian Cultural Consulate on Wednesday.
Published 03 Apr, 2008 12:00am
ACE's AD to be repatriated

ACE's AD to be repatriated

Anti-Corruption Establishment (ACE) Director General has ordered to repatriate his Assistant Director, Zakaullah Bajwa to his parent department, after following the registration of a case against him over the misuse of his power.
Published 03 Apr, 2008 12:00am
Constitutional & legal reforms package being prepared: Naek

Constitutional & legal reforms package being prepared: Naek

The government is preparing a constitutional and legal reforms package to re-establish sovereignty of the Parliament and protect rights of the under-trial prisoners. Talking to newsmen Law, Justice and Human Rights Minister Farooq H Naek said reforms pack
Published 03 Apr, 2008 12:00am
Sherry visits Mazar-e-Quaid

Sherry visits Mazar-e-Quaid

The Federal Minister for Information and Broadcasting, Ms Sherry Rehman, here on Wednesday visited Mazar of Quaid-e-Azam Muhammad Ali Jinnah. She laid a floral wreath and offered Fateha at the Mazar of the Founder of Pakistan.
Published 03 Apr, 2008 12:00am
Labard donates wheel chairs to disabled persons

Labard donates wheel chairs to disabled persons

Lahore Businessmen Association for the Rehabilitation of the Disabled (Labard) on Wednesday has donated wheel chairs, tricycles and white cans to the deserving disabled persons.
Published 03 Apr, 2008 12:00am
Pakistani American activist named 'Woman of the Year'

Pakistani American activist named 'Woman of the Year'

A Pakistani American community activist, Moina Shaiq, has been named as Woman of the Year in California by State Senator Ellen Corbett (Democrat-San Leandro) in recognition of her outstanding social welfare work. "I felt very overwhelmed and humbled on ge
Published 03 Apr, 2008 12:00am
Piaf castigates Wapda over energy crisis

Piaf castigates Wapda over energy crisis

Pakistan Industrial and Traders Association Front (Piaf) on Wednesday castigated the Water and Power Development Authority (Wapda) on its failure to chalk out effective planning to avert existing energy crisis and also not taking the business community in
Published 03 Apr, 2008 12:00am
Order reserved in KPT land scam case

Order reserved in KPT land scam case

Accountability Court (ACC-I), Karachi, on Wednesday reserved order for Reference No 8/2007, known as KPT land scam, against accused R B Rahoo and others. As per FIR accused carved out plots on land reclaimed by KPT, which were sold for Rs 204.99 million.
Published 03 Apr, 2008 12:00am
Civil judges' transfers and postings

Civil judges' transfers and postings

The Acting Chief Justice of this Court ordered the following transfers and postings of Civil Judges/Judicial Magistrates, with immediate effect.
Published 03 Apr, 2008 12:00am
Soft loan amount to establish fish farms enhanced

Soft loan amount to establish fish farms enhanced

The amount of soft loan scheme for establishing fish farms would be enhanced to Rs 500 million and the Punjab government is providing all possible incentives to those associated with fisheries sector. Punjab Forestry, Wildlife and Fisheries Secretary, Nav
Published 03 Apr, 2008 12:00am
SBP report exposes government claims about development

SBP report exposes government claims about development

The recent report released by State Bank of Pakistan has exposed the claims of previous government regarding development in the past in country. PML-N Finance Secretary Pervaiz Malik said this while speaking at the luncheon hosted by PML-N Lahore Vice Pre
Published 03 Apr, 2008 12:00am
Big crackdown against proclaimed offenders ordered

Big crackdown against proclaimed offenders ordered

Capital City Police Officer (CCPO), Additional IG Malik Mohammad Iqbal has ordered to launch a massive crackdown against proclaimed offenders and court absconders in the provincial metropolis besides, evolving strategy for the arrest of felons especially
Published 03 Apr, 2008 12:00am
Travel agents meet managing director PIA

Travel agents meet managing director PIA

A delegation of Travel Agents Association of Pakistan (TAAP) headed by its Chairman Naeem Ashraf and Regional Chairmen Zahir Shaikh and Abbas Mehkery on Tuesday met PIA Managing Director, Aslam R Khan and held an exchange of views with him on various matt
Published 03 Apr, 2008 12:00am
Traders to replace bulbs, tubelights with energy savers by April 14

Traders to replace bulbs, tubelights with energy savers by April 14

Trader Action Committee (TAC), representing 68 major markets in the city, has decided to replace all high energy consuming lights with the energy savers by April 14to save 120 megawatts. TAC Chairman Siddique Memon told APP here on Wednesday that all memb
Published 03 Apr, 2008 12:00am
Wheat procurement in Multan from April 15

Wheat procurement in Multan from April 15

The Punjab Food Department, Multan Region, would start procurement of wheat from April 15, Deputy Director Imran Sikandar said on Wednesday while talking to newsmen. He said the procurement would be made at departments'69 centres across six districts, inc
Published 03 Apr, 2008 12:00am
'Master Plan ready for execution in southern Punjab'

'Master Plan ready for execution in southern Punjab'

Smeda Chief Executive Officer Shahid Rashid has said that Mater Plan for southern Punjab is ready for execution. However, we have to set the priorities to demand sufficient funds from the government to bring this neglected area at par with developed areas
Published 03 Apr, 2008 12:00am
Traders demand Sialkot-Daska rail link

Traders demand Sialkot-Daska rail link

Traders have appealed to the Railway authorities to ensure a survey for laying rail tracks between Sialkot-Daska to help minimise the travel distance between Sialkot-Lahore. According to trade leaders of the region, huge amount is being spent on upgradati
Published 03 Apr, 2008 12:00am
Pesco issues revised schedule of load management

Pesco issues revised schedule of load management

Load Management will be carried out for one hour duration 4 to 6 times in 24 hours on all 11 KV feeders emanating from different grid stations in the NWFP, said a Pesco release here Tuesday. It said low water level at hydel dams has caused decrease in gen
Published 03 Apr, 2008 12:00am
Mushahid, Kamil and Wasim in run for Senate opposition leader

Mushahid, Kamil and Wasim in run for Senate opposition leader

Three PML (Q) Senators, Mushahid Hussain, Kamil Ali Agha and Wasim Sajjad, are in the run for the slot of Leader of Opposition in the Upper House of the Parliament. Though Agha is leading the race, thanks to the blessings of PML President Shujaat Hussain,
Published 03 Apr, 2008 12:00am
All 'black media laws' would be changed: Sherry

All 'black media laws' would be changed: Sherry

Federal Information Minister Sherry Rehman on Wednesday said that the new democratic setup would need sometime to gain strength and to be able to face challenges new government has inherited from the outgoing government. She was addressing a press confere
Published 03 Apr, 2008 12:00am
CAA receives IMS certification

CAA receives IMS certification

The General Engineering and Supply Depots (North) of the Civil Aviation Authority (CAA) in Islamabad have attained International Standard of Integrated Management System (IMS) comprising ISO-9001-2000 for Quality Management System, ISO 14001:2004 for Envi
Published 03 Apr, 2008 12:00am
New APNS office-bearers greeted

New APNS office-bearers greeted

Caretaker Sindh Minister for Finance and Information, Dewan Muhammad Yousuf Farooqi and Secretary Information Fasihuddin Khan, have congratulated Hameed Haroon on his unanimous election as President, Aslam Kazi as General Secretary and other office-bearer
Published 03 Apr, 2008 12:00am
Fifth Textile Asia at Expo Centre from April 4

Fifth Textile Asia at Expo Centre from April 4

The International Textile Asia 2008 Exhibition is being held for the fifth successive year at the Karachi Expo Centre from April 4-7. Sponsored by the Ministry of Textile Industry, the event is being organised at the most opportune time when the governmen
Published 03 Apr, 2008 12:00am
Memorial reference held for General Mushtaq

Memorial reference held for General Mushtaq

A memorial reference was organised by the Amcolians Alumni Association of Army Medical College on Wednesday to remember the services and personality of Lieutenant General Mushtaq Ahmed Baig Shaheed. The reference was chaired by President Pervez Musharraf,
Published 03 Apr, 2008 12:00am
Solvent extractors allowed 100 percent input tax adjustment

Solvent extractors allowed 100 percent input tax adjustment

The Federal Board of Revenue has allowed solvent extracting units to claim 100 percent input tax adjustment levied on their purchases. The board has amended SRO. 647(I)/2007 through a notification issued here on Wednesday.
Published 03 Apr, 2008 12:00am
Solvent extractors allowed 100 percent input tax adjustment

Solvent extractors allowed 100 percent input tax adjustment

The Federal Board of Revenue has allowed solvent extracting units to claim 100 percent input tax adjustment levied on their purchases. The board has amended SRO. 647(I)/2007 through a notification issued here on Wednesday.
Published 03 Apr, 2008 12:00am
Pral to improve all major automation projects

Pral to improve all major automation projects

The Pakistan Revenue Automation Limited (Pral), a subsidiary of the Federal Board of Revenue (FBR), has decided to improve all major automation projects, including e-filing and Sales Tax Automated Refund Repository Computer System' (STARR).
Published 03 Apr, 2008 12:00am
PPPD's role lauded

PPPD's role lauded

The Punjab Public Prosecution Department (PPPD) is playing a very positive role in provision of justice to public at the Supreme Court and at the lower judiciary level.
Published 03 Apr, 2008 12:00am
Lahore to receive thunderstorm rain

Lahore to receive thunderstorm rain

Overcast weather has been forecast for the provincial capital and it expected to receive thunderstorm rain and chances of dust storm was also there. According to a meteorological department in Lahore, meteorological analysis suggests that a strong westerl
Published 03 Apr, 2008 12:00am
'Students unions help produce leaders'

'Students unions help produce leaders'

Sindh University vice-chancellor, Mazharul Haq Siddiqui has said that revival of student unions will provide again an ample opportunity to students to upgrade their potential and explore their leadership qualities in the best possible manner.
Published 03 Apr, 2008 12:00am
PCB chairman facing difficult situation

PCB chairman facing difficult situation

Pakistan Cricket Board's decision imposing five-year ban on speed merchant Shoaib Akhter has started a controversy putting Pakistan Cricket Board (PCB) chairman Dr Nasim Ashraf in a difficult situation.
Published 03 Apr, 2008 12:00am
Gilani to announce 'Kisan Dost' cotton policy on April 15

Gilani to announce 'Kisan Dost' cotton policy on April 15

The Prime Minister, Syed Yousuf Raza Gillani will announce the new Kisan Dost Cotton Policy on April 15. The Agriculture Department sources informed Business Recorder that the department is preparing for the coming cotton crop, as the season will s
Published 03 Apr, 2008 12:00am
The Weather

The Weather

The weather report on Wednesday April 02, 2008) and the forecast for Thursday April 03, 2008).
Published 03 Apr, 2008 12:00am
Previous Day