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Apr 17, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2008-04-22
Real poised to wrap up title after victory over Racing

Real poised to wrap up title after victory over Racing

Real Madrid players celebrated Sunday's 2-0 victory over Racing Santander as if they had won the title and it seems only a matter of time before they wrap up their 31st league championship. Sunday's win left Real 10 points clear of second-placed Villarrea
Published 22 Apr, 2008 12:00am
Rice fails to clinch firm Arab commitments on Iraq

Rice fails to clinch firm Arab commitments on Iraq

US Secretary of State Condoleezza Rice moved to Kuwait on Monday after trying to persuade Sunni-led Arab allies to back Iraq's Shia leadership but failing to clinch any concrete commitments on debt relief or diplomatic presence.
Published 22 Apr, 2008 12:00am
Indonesia jails two leaders of Jemaah Islamiyah

Indonesia jails two leaders of Jemaah Islamiyah

An Indonesian court sentenced two leaders of the Jemaah Islamiyah group, blamed for the 2002 Bali bombings, to 15 years' jail on Monday and slammed the Islamist outfit as a "terrorist organisation." Self-proclaimed Jemaah Islamiyah (JI) leaders Abu Dujana
Published 22 Apr, 2008 12:00am
US signs nuclear power cooperation deal with UAE

US signs nuclear power cooperation deal with UAE

The United States and the United Arab Emirates signed an agreement on Monday to cooperate on a peaceful nuclear energy programme, with the UAE promising to be a "responsible" partner.
Published 22 Apr, 2008 12:00am
Zimbabwe recount worthless: Britain

Zimbabwe recount worthless: Britain

Britain on Monday condemned the ongoing recount in Zimbabwe's contested general elections as a worthless exercise aimed at allowing President Robert Mugabe to "steal" the vote. "No-one can have any faith in this recount," Foreign Secretary David Miliband
Published 22 Apr, 2008 12:00am
Saudi 'guardianship' key to women rights abuse: HRW

Saudi 'guardianship' key to women rights abuse: HRW

Saudi Arabia's system of male "guardianship" or wide-ranging control over women lies at the heart of rights abuse in the conservative Islamic state, US-based Human Rights Watch (HRW) said on Monday. But a government spokesman said Saudi Arabia was disappo
Published 22 Apr, 2008 12:00am
Russia closes Soviet-era weapons-grade reactor

Russia closes Soviet-era weapons-grade reactor

Russia said on Monday it had closed a weapons-grade plutonium reactor as part of a deal with the United States to reduce the risk of proliferation from Cold War-era nuclear bomb plants. The reactor, at a secret Siberian plant founded by Soviet leader Jose
Published 22 Apr, 2008 12:00am
Former bishop wins Paraguay vote

Former bishop wins Paraguay vote

A sandal-wearing former bishop's presidential election victory suggests Paraguay's democracy has matured, but after 61 years of one-party rule his political foes may dictate the pace of change.
Published 22 Apr, 2008 12:00am
Malaysia to overhaul anti-corruption agency

Malaysia to overhaul anti-corruption agency

Malaysia unveiled plans on Monday to beef up its Anti-Corruption Agency (ACA) and make it a more independent body, in response to calls for faster progress on a four-year-old government pledge to tackle graft.
Published 22 Apr, 2008 12:00am
Jaguar, Land Rover chief dies in Australia

Jaguar, Land Rover chief dies in Australia

The chief executive of British luxury icons Jaguar and Land Rover, Geoff Polites, has died in Australia where he was visiting family, Ford Australia said Monday. He was 60. Polites, a former president of Ford Australia, is credited with leading Jaguar and
Published 22 Apr, 2008 12:00am
Australia and Pakistan reschedule tour

Australia and Pakistan reschedule tour

Australia have agreed to split their postponed tour to Pakistan in two parts and will tour in April-May next year and again in 2010, a joint statement from the two boards said on Monday.
Published 22 Apr, 2008 12:00am
Mathieu out of Monte Carlo but Murray through

Mathieu out of Monte Carlo but Murray through

French ninth seed Paul-Henri Mathieu was knocked out of the Monte Carlo Masters on Monday, losing 6-4 2-6 6-3 to Serb Janko Tipsarevic. It was a bad day for French players with Fabrice Santoro also bowing out 7-6 6-1 against Kristov Vliegen.
Published 22 Apr, 2008 12:00am
Paris makes Dalai Lama honorary citizen

Paris makes Dalai Lama honorary citizen

Paris city council voted on Monday to award honorary citizenship to the Dalai Lama, in a move sure to add to tensions with China as fresh anti-French rallies erupted in cities across the country. Mayor Bertrand Delanoe, who tabled the proposal earlier Mon
Published 22 Apr, 2008 12:00am
Gerrard fit and going nowhere: Benitez

Gerrard fit and going nowhere: Benitez

Liverpool manager Rafael Benitez confirmed on Monday that Steven Gerrard will be fit to face Chelsea in the semi-final of the Champions League and then played down talk that his captain could be a summer transfer target for the Blues.
Published 22 Apr, 2008 12:00am
Key back in the England frame for New Zealand, South Africa

Key back in the England frame for New Zealand, South Africa

England have named three uncapped players in their squad for the upcoming matches against New Zealand and South Africa and handed batsman Robert Key a recall three years after his last international appearance.
Published 22 Apr, 2008 12:00am
Henry in doubt for Champions League clash

Henry in doubt for Champions League clash

Barcelona forward Thierry Henry is doubtful for the first leg of their Champions League semi-final at home to Manchester United on Wednesday as he is suffering from a fever.
Published 22 Apr, 2008 12:00am
Federer retains lead in ATP rankings

Federer retains lead in ATP rankings

Switzerland's Roger Federer reinforced his lead in the ATP rankings, released Monday, after winning for the first time this year at Estoril Sunday. Spaniard Rafael Nadal is still in second place ahead of third placed Novak Djokovic of Serbia.
Published 22 Apr, 2008 12:00am
South Africa coach Parreira resigns

South Africa coach Parreira resigns

Brazilian Carlos Alberto Parreira announced his resignation on Monday as coach of 2010 World Cup hosts South Africa. World Cup-winning coach Parreira, who served 15 months of a three-and-a-half-year contract aimed at transforming the struggling national t
Published 22 Apr, 2008 12:00am
Yuan down

Yuan down

The yuan closed slightly lower against the dollar on Monday, pressured as banks bought dollars to prepare to cover China's latest hike in bank reserve ratios, which will take effect late this week.
Published 22 Apr, 2008 12:00am
Australian dollar rises to five-week high

Australian dollar rises to five-week high

The Australian dollar rallied to its highest in nearly five weeks against the US currency on Monday after strong producer price data dashed hopes the central bank would give up its tightening bias in the near term.
Published 22 Apr, 2008 12:00am
Most Asian currencies range-bound

Most Asian currencies range-bound

Most currencies in Asia stuck to tight ranges on Monday, gripped by uncertainty over the strength of a rebound in the dollar, which came after earnings from US banks raised hopes that credit markets were recovering. The South Korean won was the exception,
Published 22 Apr, 2008 12:00am
Swiss franc seen lower

Swiss franc seen lower

The Swiss franc traded little changed against the euro and the dollar on Monday but the Swissie was seen losing ground later in the session as risk aversion, which typically supports the franc, is expected to ease.
Published 22 Apr, 2008 12:00am
Dollar rises versus yen in Asia

Dollar rises versus yen in Asia

The dollar edged towards a seven-week high against the yen on Monday, as Citigroup's results fuelled hopes that the worst of the bank losses stemming from the US housing sector are out.
Published 22 Apr, 2008 12:00am
Taiwan dollar ends flat

Taiwan dollar ends flat

The Taiwan dollar ended barely changed on Monday as short-covering in the US dollar in the non-deliverable forwards market was roughly offset by exporters and some foreign buying in the equity market. The Taiwan dollar ended slightly weaker at T$30.288 to
Published 22 Apr, 2008 12:00am
Nikkei ends at two-month high

Nikkei ends at two-month high

Japan's Nikkei benchmark rose 1.6 percent to a nearly two-month closing high on Monday, powered higher by Honda Motor Co Ltd and other automakers on a weaker yen and hope that financial firms' woes have not spread to other sectors.
Published 22 Apr, 2008 12:00am
Malaysian shares jump

Malaysian shares jump

Malaysian share prices closed one percent higher on Monday as investors took their cue from a rally on Wall Street at the end of last week, dealers said.The Kuala Lumpur Composite Index (KLCI) ended the session up 12.35 points at 1,280.0, off a high of 1,
Published 22 Apr, 2008 12:00am
For Baghdad traders, safer streets but no upturn

For Baghdad traders, safer streets but no upturn

Boxes full of toasters, washing machines and freezers are stacked high in front of Hashim Nur al-Moussawi's electrical equipment emporium on the edge of the Shorja market in central Baghdad. But enter his shop and it is virtually empty, a bullet hole thro
Published 22 Apr, 2008 12:00am
Karachi University holds programme to mark Earth Day

Karachi University holds programme to mark Earth Day

Karachi University held a programme to mark the Earth Day here on Monday. Vice-Chancellor of the University, Professor Dr Pirzada Qasim Raza Siddiqui, was the chief guest of the event.
Published 22 Apr, 2008 12:00am
'Nexus' system being launched to broaden tax-base

'Nexus' system being launched to broaden tax-base

The 'Nexus' computer system being used to broaden the tax-base has developed the capacity to automatically generate notices to the taxpayers declaring less income/turnover on the basis of data verification from external sources.
Published 22 Apr, 2008 12:00am
Raisani orders withdrawal of all cases against Mengal

Raisani orders withdrawal of all cases against Mengal

Balochistan Chief Minister Nawab Mohammad Aslam Raisani on Monday issued directive for withdrawing all the cases registered by the provincial government against BNP-M chief Sardar Akhtar Mengal, Jiye Sindh Qaumi Mahaz (JSQM) leader Dr Safdar Sirki and oth
Published 22 Apr, 2008 12:00am
Pakistan largest borrower of ADB in 2007

Pakistan largest borrower of ADB in 2007

With $2.0 billion, or 20 percent of the total loans ADB extended last year 2007, Pakistan was the largest borrower, said Asian Development Bank Annual Report 2007, released here on Monday. The ADB Annual Report 2007 said that Pakistan continued to be the
Published 22 Apr, 2008 12:00am
'Privatisation process to be transparent'

'Privatisation process to be transparent'

Federal Minister for Ports, Shipping and Privatisation Syed Naveed Qamar has maintained that the procedure of privatisation would be made transparent, while the Public Accounts Committee will make audit of the privatisation during previous regime. The min
Published 22 Apr, 2008 12:00am
Italian trade team visits ID&BoI

Italian trade team visits ID&BoI

A high profile Italian delegation engaged in construction-infrastructure projects and headed by the Italian Ambassador to Islamabad visited ID&BoI in order to acquire information on investment climate and opportunities and seek joint ventures with promine
Published 22 Apr, 2008 12:00am
Saddar town launches grand anti-encroachment campaign

Saddar town launches grand anti-encroachment campaign

In a grand operation carried out on the directive of Nazim Saddar Town, Mohammed Dilawar, the town's anti-encroachment staff, removed hundreds of push carts, patharas, sun sheds and cabins.
Published 22 Apr, 2008 12:00am
Fresh polls ordered for Nazim, naib-nazim

Fresh polls ordered for Nazim, naib-nazim

The Lahore High Court (LHC) while accepting a petition has ordered to conduct fresh polls for Nazim and Naib Nazim in UC-38, T T Singh. Defeated candidates Mudassar Hussain Khan and Gulzar Ahmad had challenged the results of the election before a tribunal
Published 22 Apr, 2008 12:00am
Mehfile-i-Ghazal at KPC today

Mehfile-i-Ghazal at KPC today

A 'Mehfile-i-Ghazal' will be organised in connection with the golden jubilee celebrations of Karachi Press Club (KPC) on April 22 at 9pm. An announcement to this effect was made in a KPC statement on Monday. It said noted singer Munni Begum will perform o
Published 22 Apr, 2008 12:00am
No sympathy for Monopolies

No sympathy for Monopolies

In a rare occurrence in the history of Pakistan, an industry has been found to be indulging in monopolistic practices and brought to book accordingly. In a detailed verdict issued recently, the Pakistan Banking Association (PBA) was formally penalised for
Published 22 Apr, 2008 12:00am
Nip it in the bud

Nip it in the bud

Thanks to our foreign policy managers, Pakistan does not have very many international friends, a predicament made worse since 9/11 because of its decision to join the US-led 'war on terror'. Long spells of military rule, loose control over its internation
Published 22 Apr, 2008 12:00am
Fake insurance claims

Fake insurance claims

A leading daily carried the news on April 10th, that "false insurance claims are lodged with insurance companies based on false information by the claimants. Police have found that the vehicles reported taken away and later recovered have actually been so
Published 22 Apr, 2008 12:00am
Remedial measures to offset price hike urged

Remedial measures to offset price hike urged

Chairman Shaikh Fazl-e-Jalil, Senior Vice Chairman Razzak Hasham Paracha, Vice Chairman, Syed Ali Qandhari, Patron-in-chief, S M Muneer, former chairmen Shaikh Manzar Alam and Abdul Haseeb Khan of Korangi Association of Trade and Industry (KATI) have urge
Published 22 Apr, 2008 12:00am
Spotlight: what is in the "Package"?

Spotlight: what is in the "Package"?

Are the "package" and the "restoration of judiciary" two separate matters or are they very closely intertwined even if technically distinct? We do not know if the parliamentary resolution which is to be the coalition's agreed instrument for reinstating th
Published 22 Apr, 2008 12:00am
The Nizam of Hyderabad

The Nizam of Hyderabad

What more slanderous and vilifying report could be than that of Reuters release from New Delhi carried by Business Recorder (April 12) captioned out of court deal to unlock Nizam of Hyderabad's millions. The shameful part of the report is that Niza
Published 22 Apr, 2008 12:00am
PIA's flight disruptions

PIA's flight disruptions

There have been innumerable disruptions in PIA's domestic flight schedules during last two weeks. Reports said that PIA has grounded 5 Boeing 737 under pressure from CAA, for checks following world-wide warnings of corrosion etc.
Published 22 Apr, 2008 12:00am
Comstech starts training course

Comstech starts training course

The Comstech organisation has started a three-week training course on 'science, technology and innovation' to observe the international Creativity and Innovation Day. The three weeks course started at the Conmstech premises on Monday, and will end next mo
Published 22 Apr, 2008 12:00am
Military not meeting combat needs, says Gates

Military not meeting combat needs, says Gates

US Defence Secretary Robert Gates on Monday launched a push for more drones, complaining that the military is not moving aggressively to meet battlefield needs. In a blunt speech at the Air University at Maxwell Air Force Base in Alabama, Gates called on
Published 22 Apr, 2008 12:00am
China launches education drive in Lhasa, warns citizens

China launches education drive in Lhasa, warns citizens

China's Communist Party has launched a political education drive in Tibet's restive capital, Lhasa, vowing a long campaign to attack pro-independence sentiment and support for the Dalai Lama. China has blamed recent unrest in Tibetan areas on a "clique" o
Published 22 Apr, 2008 12:00am
Missile hits headquarters of Iraqi Council

Missile hits headquarters of Iraqi Council

A missile struck the central Baghdad headquarters of the Supreme Islamic Iraqi Council on Monday, said an official for the party, which is the main rival of cleric Moqtada al-Sadr for control of Shia areas. The official, whose party is the biggest Shi'ite
Published 22 Apr, 2008 12:00am
Obama struggles to win white vote

Obama struggles to win white vote

Barack Obama's efforts to woo white voters in the Pennsylvania Democratic primary have been hurt by his comments on small town bitterness and his association with an outspoken pastor, some residents of Muncy Valley say.
Published 22 Apr, 2008 12:00am
US relaxes bid to halt atom enrichment technology sales

US relaxes bid to halt atom enrichment technology sales

The United States has given up a bid to ban uranium-enrichment technology sales to non-nuclear states, instead proposing criteria for such transactions to win over critics in the Nuclear Suppliers Group, diplomats say.
Published 22 Apr, 2008 12:00am
Pakistan, US to strengthen bilateral ties: Mukhtar

Pakistan, US to strengthen bilateral ties: Mukhtar

Pakistan and United States of America have expressed the desire to further consolidate and strengthen bilateral co-operation in the areas of common interests. This was discussed at a meeting between for Defence Minister Chaudhry Ahmad Mukhtar and US Ambas
Published 22 Apr, 2008 12:00am
Ethiopia severs ties with Qatar

Ethiopia severs ties with Qatar

Ethiopia announced on Monday it was severing ties with Qatar, accusing the Gulf Arab state of supporting armed opposition groups across the Horn of Africa region. It cited Qatar's "strong ties" with Ethiopia's arch-foe Eritrea, and alleged Qatari support
Published 22 Apr, 2008 12:00am
Ethiopia severs ties with Qatar

Ethiopia severs ties with Qatar

Ethiopia announced on Monday it was severing ties with Qatar, accusing the Gulf Arab state of supporting armed opposition groups across the Horn of Africa region. It cited Qatar's "strong ties" with Ethiopia's arch-foe Eritrea, and alleged Qatari support
Published 22 Apr, 2008 12:00am
'Wapda Act not being followed in true spirit'

'Wapda Act not being followed in true spirit'

Around 1,500 megawatt (MW) electricity could easily be saved if the government corrected the alleged misuse of electricity by Water and Power Development Authority (Wapda) employees as the authority is not following the provisions of Wapda Act, a senior g
Published 22 Apr, 2008 12:00am
Wapda planning to use beach-air for power generation

Wapda planning to use beach-air for power generation

Water and Power Development Authority (Wapda), Chairman, Shakil Durrani has said that the authority would be able to supply power for only four to six hours daily from May to July, 2008 due to the widening demand and supply gap. He said that no plan has s
Published 22 Apr, 2008 12:00am
Salahuddin Babar posted as CCPO Karachi

Salahuddin Babar posted as CCPO Karachi

Salahuddin Babar Khattak, Grade-21 Officer of Pakistan Police Services Group took over as Capital City Police Officer Karachi on Monday afternoon.
Published 22 Apr, 2008 12:00am
Salahuddin Babar posted as CCPO Karachi

Salahuddin Babar posted as CCPO Karachi

Salahuddin Babar Khattak, Grade-21 Officer of Pakistan Police Services Group took over as Capital City Police Officer Karachi on Monday afternoon.
Published 22 Apr, 2008 12:00am
US investment sought in power sector

US investment sought in power sector

Pakistan has sought the US help in mobilising private sector investment in power sector, besides assistance in development of Thar coal reserves. "We are looking for private sector investment to set up new power projects and your role is more important in
Published 22 Apr, 2008 12:00am
US investment sought in power sector

US investment sought in power sector

Pakistan has sought the US help in mobilising private sector investment in power sector, besides assistance in development of Thar coal reserves. "We are looking for private sector investment to set up new power projects and your role is more important in
Published 22 Apr, 2008 12:00am
US investment sought in power sector

US investment sought in power sector

Pakistan has sought the US help in mobilising private sector investment in power sector, besides assistance in development of Thar coal reserves. "We are looking for private sector investment to set up new power projects and your role is more important in
Published 22 Apr, 2008 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 22 Apr, 2008 12:00am
Six farmers, HRCP worker kidnapped

Six farmers, HRCP worker kidnapped

Six farmers were kidnapped besides a Human Rights Commission of Pakistan's (HRCP's) worker from outside the District and Sessions Court Mirpurkhas by some unidentified persons. According to details, Shadipalli police produced six Haris including a woman R
Published 22 Apr, 2008 12:00am
Soldier dies rescuing kidnapped UN workers

Soldier dies rescuing kidnapped UN workers

Troops rescued two UN employees from kidnappers in a lawless tribal area on Monday after a clash that left one soldier dead, officials said. About six heavily armed men intercepted a World Food Programme (WFP) vehicle on its way from Peshawar to the town
Published 22 Apr, 2008 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Monday (April 21, 2008).

Published 22 Apr, 2008 12:00am
Soldier dies rescuing kidnapped UN workers

Soldier dies rescuing kidnapped UN workers

Troops rescued two UN employees from kidnappers in a lawless tribal area on Monday after a clash that left one soldier dead, officials said. About six heavily armed men intercepted a World Food Programme (WFP) vehicle on its way from Peshawar to the town
Published 22 Apr, 2008 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 22 Apr, 2008 12:00am
Turkmen gas line tech round begins on eve of IPI talks

Turkmen gas line tech round begins on eve of IPI talks

Only a day ahead of formal talks between Islamabad and New Delhi on Iran-Pakistan-India (IPI) gas pipeline project, a technical round on Turkmenistan-Afghanistan-Pakistan-India (Tapi) gas line project began here on Monday.
Published 22 Apr, 2008 12:00am
Turkmen gas line tech round begins on eve of IPI talks

Turkmen gas line tech round begins on eve of IPI talks

Only a day ahead of formal talks between Islamabad and New Delhi on Iran-Pakistan-India (IPI) gas pipeline project, a technical round on Turkmenistan-Afghanistan-Pakistan-India (Tapi) gas line project began here on Monday.
Published 22 Apr, 2008 12:00am
Turkmen gas line tech round begins on eve of IPI talks

Turkmen gas line tech round begins on eve of IPI talks

Only a day ahead of formal talks between Islamabad and New Delhi on Iran-Pakistan-India (IPI) gas pipeline project, a technical round on Turkmenistan-Afghanistan-Pakistan-India (Tapi) gas line project began here on Monday.
Published 22 Apr, 2008 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Monday (April 21, 2008).

Published 22 Apr, 2008 12:00am
EU foreign policy chief arrives

EU foreign policy chief arrives

European Union foreign policy chief Javier Solana arrived on Monday to hold talks with new government leaders following February elections, officials said. Solana arrived from Afghanistan's capital Kabul where he met President Hamid Karzai and other gover
Published 22 Apr, 2008 12:00am
EU foreign policy chief arrives

EU foreign policy chief arrives

European Union foreign policy chief Javier Solana arrived on Monday to hold talks with new government leaders following February elections, officials said. Solana arrived from Afghanistan's capital Kabul where he met President Hamid Karzai and other gover
Published 22 Apr, 2008 12:00am
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