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Print - 2008-04-24
China stocks jump 4.15 percent

China stocks jump 4.15 percent

China's main stock index jumped over 4 percent on Wednesday in a broad rally led by oil companies, as hopes grew that the market might finally have found a floor after a six-month slide. The Shanghai Composite Index fell as much as 1.84 percent in early t
Published 24 Apr, 2008 12:00am
Federer survives Spanish scare in Monte Carlo

Federer survives Spanish scare in Monte Carlo

Roger Federer was two points from an embarrassing exit from the Monte Carlo Masters on Wednesday before rallying to beat Spanish qualifier Ruben Ramirez Hidalgo 6-1 3-6 7-6 to reach the third round.
Published 24 Apr, 2008 12:00am
Pollock joins Durham for Twenty20 campaign

Pollock joins Durham for Twenty20 campaign

South Africa great Shaun Pollock is to join Durham for the English county's Twenty20 Cup campaign this season, the north-east side announced Wednesday. Pollock, who appeared alongside Durham captain Dale Benkenstein at Natal and for South Africa, played i
Published 24 Apr, 2008 12:00am
Jacquelin sees Ryder Cup hope in French renaissance

Jacquelin sees Ryder Cup hope in French renaissance

France's Raphael Jacquelin said it was only a matter of time before a French name returned to the Ryder Cup team list after watching his countrymen win two of the last three European Tour events.
Published 24 Apr, 2008 12:00am
Goal drought could prove Bridge too far for Liverpool

Goal drought could prove Bridge too far for Liverpool

Liverpool will have to score their first goal against Chelsea at Stamford Bridge since Rafa Benitez became manager in 2004 if they are to reach this year's Champions League final in Moscow. Liverpool have not scored in eight successive matches there and i
Published 24 Apr, 2008 12:00am
Vukovic ban reduced, cleared to play in Olympics

Vukovic ban reduced, cleared to play in Olympics

Australian league goalkeeper Danny Vukovic has had his nine-month ban for manhandling referee Mark Shields reduced to six months and split to allow him to play at the Beijing Olympics. Vukovic, who plays for the Central Coast Mariners club, was initially
Published 24 Apr, 2008 12:00am
Vaughan goes cheaply again

Vaughan goes cheaply again

England captain Michael Vaughan's quest for form ahead of the upcoming Test series against New Zealand suffered another setback Wednesday when he was out for 19 against Hampshire in Yorkshire's County Championship opener at Headingley.
Published 24 Apr, 2008 12:00am
South Africa choose Santana as next coach

South Africa choose Santana as next coach

Brazilian Joel Santana is set to take over from compatriot Carlos Alberto Parreira as South Africa's national coach, the South African Football Association (SAFA) announced on Wednesday.
Published 24 Apr, 2008 12:00am
Australian dollar at 24-year peak

Australian dollar at 24-year peak

The Australian dollar jumped to a 24-year peak against the US currency on Wednesday after higher-than-expected first-quarter inflation data led investors to gear up for an extended period of tight monetary policy. Annual core inflation accelerated to its
Published 24 Apr, 2008 12:00am
Asian currencies: Singapore dollar at record high

Asian currencies: Singapore dollar at record high

The Singapore dollar hit a record high on Wednesday as investors bet on currencies of countries deemed to have inflation-fighting credentials, while the South Korean won pared losses from its previous session. The firm Asian currencies were also given a b
Published 24 Apr, 2008 12:00am
Swiss franc dips versus dollar

Swiss franc dips versus dollar

The Swiss franc ticked down against the dollar as investors started to regain some confidence in the US economic outlook and the pressured greenback."We are seeing a bottoming phase of the dollar," said Sandro Baechli, analyst at Clariden Leu. "Some confi
Published 24 Apr, 2008 12:00am
Euro rallies through $1.60

Euro rallies through $1.60

The euro rose against the dollar on Tuesday and traded above $1.60 for the first time since its 1999 inception amid growing expectations that the European Central Bank's next move may be an interest rate hike.
Published 24 Apr, 2008 12:00am
Euro near record high versus dollar

Euro near record high versus dollar

The euro held near a record high against the dollar on Wednesday due to its yield advantage, while the Australian dollar climbed to a 24-year peak versus the US currency on data showing a jump in core inflation in Australia.
Published 24 Apr, 2008 12:00am
China dollar funding costs fall

China dollar funding costs fall

Dollar funding costs in China's onshore currency market continued sliding on Wednesday, while the US currency rebounded against the yuan in the forwards markets. Onshore one-year dollar/yuan forwards climbed to 6.5000 in late trade, near a seven-week high
Published 24 Apr, 2008 12:00am
Bangladesh interbank forex, interest rates

Bangladesh interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Wednesday. 68.57/68.58 (previous 68.58/68.58). Call Money Rates: 7.75-12.00 percent (previous 8.00-20.00 percent.
Published 24 Apr, 2008 12:00am
Indian shares sag

Indian shares sag

Indian shares closed down 0.51 percent on Wednesday, as banking and finance stocks slipped ahead of next week's central bank monetary policy review, dealers said. They said investors remain wary that the Reserve Bank of India may tighten monetary policy f
Published 24 Apr, 2008 12:00am
Wikipedia to go in print in German language

Wikipedia to go in print in German language

German publishing giant Bertelsmann said Wednesday it planned to publish the world's first reference book based on entries from Wikipedia, the popular online encyclopaedia. Until now, Wikipedia was best known for compiling writing on thousands of subjects
Published 24 Apr, 2008 12:00am
Nikkei edges up, boosted by oil and trading firms

Nikkei edges up, boosted by oil and trading firms

Japan's benchmark Nikkei edged up 0.2 percent on Wednesday, with oil's surge towards $120 a barrel boosting Nippon Oil Corp and trading houses that deal in the increasingly pricey fuel. Rising food global food prices helped lift agricultural stocks such a
Published 24 Apr, 2008 12:00am
Jakarta shares end firmer

Jakarta shares end firmer

Indonesian share prices closed 1.1 percent higher on Wednesday with gains in mining and energy stocks driven by hopes the companies will report strong first-quarter earnings, dealers said. The Jakarta Composite Index closed up 25.21 points at 2,314.30. Vo
Published 24 Apr, 2008 12:00am
Malaysian shares climb

Malaysian shares climb

Malaysian share prices closed 0.7 percent higher on Wednesday due to buying interest in commodity stocks after world oil prices edged closer to 120 dollars a barrel, dealer said. The Kuala Lumpur Composite Index (KLCI) gained 8.86 points to 1,288.16, off
Published 24 Apr, 2008 12:00am
US Treasury prices close mixed

US Treasury prices close mixed

US Treasury prices were mixed on Tuesday as expectations for only a small Federal Reserve interest rate cut next week undermined shorter-maturity debt, while a falling stock market rejuvenated longer-dated bonds.
Published 24 Apr, 2008 12:00am
US Treasury prices close mixed

US Treasury prices close mixed

US Treasury prices were mixed on Tuesday as expectations for only a small Federal Reserve interest rate cut next week undermined shorter-maturity debt, while a falling stock market rejuvenated longer-dated bonds.
Published 24 Apr, 2008 12:00am
Philippines shares 1.1 percent lower

Philippines shares 1.1 percent lower

Philippines share prices closed 1.1 percent lower on Wednesday, with the key index hitting its lowest level in five weeks on inflation fears, dealers said.Another record surge in international crude oil prices was to blame for those fears, which also came
Published 24 Apr, 2008 12:00am
Surging oil, disappointing outlooks hit Wall Street

Surging oil, disappointing outlooks hit Wall Street

US stocks sank on Tuesday as oil prices neared $120 a barrel and fed worries about inflation and consumer spending, while a series of disappointing profit outlooks made the mood even worse.
Published 24 Apr, 2008 12:00am
Hong Kong stocks rally

Hong Kong stocks rally

Hong Kong stocks surged 1.4 percent to a three-month closing high on Wednesday as a strong rebound in Shanghai fuelled institutional buying of PetroChina and other big, liquid Chinese counters.
Published 24 Apr, 2008 12:00am
Thai shares decline

Thai shares decline

Thai share prices closed 1.45 percent lower on Wednesday in a technical fall with major stocks finishing down, despite record oil prices, dealers said. They said Thailand bucked the regional trend, a day after energy shares sent the market up here.
Published 24 Apr, 2008 12:00am
New Zealand shares up

New Zealand shares up

New Zealand share prices closed up 0.70 percent on Wednesday with top blue chips leading the way despite more weakness on Wall Street, dealers said. The NZX-50 gross index rose 25.21 points to 3,608.47 on turnover worth 134 million dollars (106.7 million
Published 24 Apr, 2008 12:00am
ExxonMobil workers issue strike threat in Nigeria

ExxonMobil workers issue strike threat in Nigeria

Workers of Mobil Producing Nigeria (MPN), an affiliate of American major oil group ExxonMobil, have issued a strike threat over pay and welfare, union officials said Wednesday. "The strike will begin overnight unless the management heeds our demands for b
Published 24 Apr, 2008 12:00am
Infineon takes second-quarter hit

Infineon takes second-quarter hit

The German electronic components maker Infineon reported Wednesday a sharp net loss in the second quarter of its fiscal year, in large part owing to its loss-making chip unit Qimonda. Infineon said its net loss had widened to 1.37 billion euros (2.2 billi
Published 24 Apr, 2008 12:00am
Infineon takes second-quarter hit

Infineon takes second-quarter hit

The German electronic components maker Infineon reported Wednesday a sharp net loss in the second quarter of its fiscal year, in large part owing to its loss-making chip unit Qimonda. Infineon said its net loss had widened to 1.37 billion euros (2.2 billi
Published 24 Apr, 2008 12:00am
Liberty Mutual to buy Safeco in big insurance tie-up

Liberty Mutual to buy Safeco in big insurance tie-up

Liberty Mutual Group struck a deal to acquire rival Safeco for some 6.2 billion dollars, to form the fifth largest property and casualty insurer in the United States, the firms said Wednesday.
Published 24 Apr, 2008 12:00am
CFC smuggling key challenge in Asia, study says

CFC smuggling key challenge in Asia, study says

Smuggling of ozone-depleting chemicals in the Asia-Pacific region is much worse than expected, a study released at a UN-backed environment conference said Wednesday.
Published 24 Apr, 2008 12:00am
'Ethiopia army slit throats in Somali mosque'

'Ethiopia army slit throats in Somali mosque'

Amnesty International accused Ethiopian soldiers on Wednesday of killing 21 people, including an imam and several Islamic scholars, at a Mogadishu mosque and said seven of the victims had their throats slit.
Published 24 Apr, 2008 12:00am
European wheat dips

European wheat dips

European wheat futures fell sharply in afternoon trade, pressured by a slide on US markets at the open and news that Ukraine had "practically" re-opened its grain export shipments, traders said. Traders said prices had also been pressured by prospects for
Published 24 Apr, 2008 12:00am
Oil gains on US gasoline inventory fall

Oil gains on US gasoline inventory fall

Oil rose on Wednesday after US government data showed a bigger-than-expected decline in gasoline stocks ahead of the summer driving season, offsetting a build in crude inventories. US crude for June delivery settled 23 cents higher at $118.30 a barrel. Su
Published 24 Apr, 2008 12:00am
London coffee, white sugar fall

London coffee, white sugar fall

A resurgent dollar and easing oil prices triggered fund and investor selling of London robusta coffee and white sugar futures on Wednesday, while cocoa edged higher, led by fund buying in the US market. Benchmark July robusta coffee futures fell more than
Published 24 Apr, 2008 12:00am
'Food price turmoil could hit cocoa output'

'Food price turmoil could hit cocoa output'

The global food price crisis could affect cocoa production if it triggers social unrest in key growers such as Ivory Coast and Cameroon, the 10-nation Cocoa Producers' Alliance (COPAL) said on Wednesday.
Published 24 Apr, 2008 12:00am
UK's top share index surges

UK's top share index surges

Britain's blue chip index ended higher on Wednesday as buoyant US crude prices pushed heavyweight oil shares higher, while banking stocks suffered on fears over further rights issues. The FTSE 100 was up 48.9 points, or 0.8 percent at 6,083.6 after touchi
Published 24 Apr, 2008 12:00am
Singapore shares higher

Singapore shares higher

Singapore share prices closed 0.21 percent higher on Wednesday during cautious bargain hunting, dealers said. The blue chip Straits Times Index (STI) rose 6.61 points to 3,193.84 on volume of 1.88 billion shares worth 1.99 billion Singapore dollars (1.49
Published 24 Apr, 2008 12:00am
Asian spreads widen further

Asian spreads widen further

Asian bond spreads widened on Wednesday for the second session running amid concern over high oil prices and weakening corporate profits in the United States, Asia's largest export market.
Published 24 Apr, 2008 12:00am
Asian spreads widen further

Asian spreads widen further

Asian bond spreads widened on Wednesday for the second session running amid concern over high oil prices and weakening corporate profits in the United States, Asia's largest export market.
Published 24 Apr, 2008 12:00am
Credit indices narrow

Credit indices narrow

European credit spreads tightened in afternoon trading on Wednesday, helped by a late bounce in equities and better-than-expected first-quarter profits from Boeing Co. "It's the normalisation of credit markets," a London-based trader said. "In the absence
Published 24 Apr, 2008 12:00am
Credit indices narrow

Credit indices narrow

European credit spreads tightened in afternoon trading on Wednesday, helped by a late bounce in equities and better-than-expected first-quarter profits from Boeing Co. "It's the normalisation of credit markets," a London-based trader said. "In the absence
Published 24 Apr, 2008 12:00am
Wednesday's afternoon trade: market edges higher; Boeing boosts Dow

Wednesday's afternoon trade: market edges higher; Boeing boosts Dow

The Dow and S&P 500 edged higher on Wednesday as stronger-than-expected profits from Boeing Co offset Ambac Financial Group Inc's stock slide on worries about the bond insurer's outlook. The Nasdaq was up 1.1 percent as investors bet that Apple Inc would
Published 24 Apr, 2008 12:00am
Indian rupee falls

Indian rupee falls

The Indian rupee fell to a three-week low on Wednesday, after staying in a narrow band most of the day, weighed down by overseas investors repatriating funds and by traders covering short dollar positions.
Published 24 Apr, 2008 12:00am
Euro retreats in London

Euro retreats in London

The euro retreated from a record high versus the dollar on Wednesday after a fall in manufacturing activity suggested that euro zone is starting to feel the pinch of a global slowdown and a strong currency.
Published 24 Apr, 2008 12:00am
Sterling's gains on BoE minutes

Sterling's gains on BoE minutes

Sterling rallied on Wednesday after Bank of England minutes showed two votes against easing policy this month, but gains proved short-lived as the news did not change expectations of another rate cut in June.
Published 24 Apr, 2008 12:00am
CIA director to retire from military, stay at CIA

CIA director to retire from military, stay at CIA

CIA Director Michael Hayden said on Wednesday he will retire from the US Air Force but continue at the intelligence agency. "I recently informed the Department of Defence of my intention to retire from the United States Air Force," Hayden, a general, said
Published 24 Apr, 2008 12:00am
Tehran to cooperate with IAEA over alleged weaponisation studies

Tehran to cooperate with IAEA over alleged weaponisation studies

The UN's nuclear watchdog, the International Atomic Energy Agency, said Wednesday it had reached an agreement with Iran to examine allegations that Tehran has studied how to design nuclear weapons. Welcoming the move following talks in Tehran, IAEA chief
Published 24 Apr, 2008 12:00am
Dozens killed in heavy fighting in Sri Lanka

Dozens killed in heavy fighting in Sri Lanka

Dozens of Sri Lankan troops and Tamil Tiger rebels were killed in heavy fighting in the north of the island on Wednesday, with air force jets bombing rebel positions. The Sri Lankan Army (SLA) said 52 rebels and 38 soldiers were killed in the clashes in t
Published 24 Apr, 2008 12:00am
Concentrate on making 2008 harvest a success: FAO

Concentrate on making 2008 harvest a success: FAO

World farming resources should be focused on ensuring the 2008 harvest is a success in order to ease the food crisis, the head of the United Nations Food and Agriculture Organisation said on Wednesday.
Published 24 Apr, 2008 12:00am
Bangladesh evacuates stranded workers from Iraq

Bangladesh evacuates stranded workers from Iraq

Bangladesh has begun evacuating thousands of stranded workers who were trafficked into war-ravaged Iraq by illegal manpower traders, officials said on Wednesday. An Emirates Airlines flight carrying 42 Bangladeshis arrived in Dhaka on Thursday as part of
Published 24 Apr, 2008 12:00am
Jordan's king meets Bush and Abbas

Jordan's king meets Bush and Abbas

Jordan's King Abdullah II met Wednesday with US President George W. Bush and urged him to set "clear grounds and fixed time-frames" for stalled Middle East peace talks, Jordan's embassy said.
Published 24 Apr, 2008 12:00am
Hillary claims broad support after Pennsylvania win

Hillary claims broad support after Pennsylvania win

Hillary Clinton said Wednesday her victory over rival Barack Obama in Pennsylvania showed she had the broad support needed to recapture the White House for Democrats in November's presidential election.
Published 24 Apr, 2008 12:00am
Hillary, Obama face long White House fight

Hillary, Obama face long White House fight

Hillary Clinton and Barack Obama entered the final phase of an increasingly nasty US presidential fight on Wednesday, and Clinton said her decisive Pennsylvania win showed she had the broad support needed to lead Democrats back to the White House.
Published 24 Apr, 2008 12:00am
Taliban violence limited to quarter of Afghanistan: Nato

Taliban violence limited to quarter of Afghanistan: Nato

Most insurgent attacks occur in just a quarter of Afghanistan, a Nato-led force helping to fight the extremist insurgency here said Wednesday, dismissing a "perception" that Taliban violence is spreading.
Published 24 Apr, 2008 12:00am
French cabinet votes to boost parliament powers

French cabinet votes to boost parliament powers

The French cabinet on Wednesday approved a reform bill that would set a two-term limit for presidents and allow the head of state to appear before parliament for the first time in 135 years.
Published 24 Apr, 2008 12:00am
Petraeus picked to lead Iraq and Afghan wars

Petraeus picked to lead Iraq and Afghan wars

US Defence Secretary Robert Gates on Wednesday picked General David Petraeus, widely praised as the top commander in Iraq, to lead all Middle East operations, including the Iraq and Afghanistan wars. Gates also chose Lieutenant General Raymond Odierno, wh
Published 24 Apr, 2008 12:00am
Confusion increases over Zimbabwe election

Confusion increases over Zimbabwe election

Uncertainty increased in Zimbabwe on Wednesday over a disputed election as pressure intensified for results to be announced from a presidential vote more than three weeks ago.
Published 24 Apr, 2008 12:00am
Spain, Britain agree to combat illegal immigration

Spain, Britain agree to combat illegal immigration

Britain and Spain agreed on Wednesday to boost cooperation to combat illegal immigration from Africa into the European Union, Britain's minister for Europe Jim Murphy said.
Published 24 Apr, 2008 12:00am
Cherie Blair takes up case of Hasina Wajed

Cherie Blair takes up case of Hasina Wajed

The lawyer wife of British ex-premier Tony Blair said Wednesday she was advising the legal team representing a former Bangladesh prime minister detained on corruption charges. "I was invited to give an opinion about what has been happening," Cherie Blair
Published 24 Apr, 2008 12:00am
Rupee may cross 65 level versus dollar

Rupee may cross 65 level versus dollar

The rupee was near to touch the high level of 65 in the open market on Wednesday due to higher demand for dollars, money experts said. In the interbank market, the rupee lost 28 paisa against dollar for buying at 64.27 and it also eroded 30 paisa for sell
Published 24 Apr, 2008 12:00am
KKI closing rates of currency notes

KKI closing rates of currency notes

Khanani & Kalia International (Pvt) Limited Closing Rates of currency notes on Wednesday (April 23, 2008).

Published 24 Apr, 2008 12:00am
PATIDA expresses concern over inflow of smuggled tyres

PATIDA expresses concern over inflow of smuggled tyres

The Pakistan Tyre Importers and Dealers Association (PATIDA), in an urgent meeting observed that the ongoing smuggling of tyres is causing huge loss to the national exchequer besides affecting the local tyre trade and industry, says a press release on Wed
Published 24 Apr, 2008 12:00am
Legal experts' introduction in e-banking stressed

Legal experts' introduction in e-banking stressed

Speakers at the sixth international e-banking conference and exhibition-2008 held at a local hotel on Wednesday have stressed on the need of introduction of legal experts of e-banking to resolve problems of banking sector and customers.
Published 24 Apr, 2008 12:00am
FCA meets today to take stock of wheat situation

FCA meets today to take stock of wheat situation

The federal government and the three provinces are likely to grill the Punjab government on inter-provincial ban on wheat movement it imposed last week, as Federal Committee on Agriculture (FCA) meets on Thursday (today).
Published 24 Apr, 2008 12:00am
PPP's relations with judiciary - past and present

PPP's relations with judiciary - past and present

The people of Pakistan are getting restive, impatient, or dismayed over delay in the reinstatement of the pre-2nd November 2007 judiciary, 18th February general elections, and PPP-PML(N) Bhurban declaration. However, Pakistan People's Party co-chairman As
Published 24 Apr, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (April 23, 2008).

Published 24 Apr, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (April 23, 2008).

Published 24 Apr, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (April 23, 2008).

Published 24 Apr, 2008 12:00am
Family members of Sarabjit arrive

Family members of Sarabjit arrive

Five family members of Sarabjit Singh reached here through Wagha border from India on Wednesday with a firm resolve to make every effort for the release of their kin.
Published 24 Apr, 2008 12:00am
Suddle meets Kamal

Suddle meets Kamal

IG Police Sindh, Dr Shoaib Suddle, met Nazim Karachi, Syed Mustafa Kamal at his office on Wednesday. During meeting both the dignitaries exchanged views in detail on various matters. CCPO Karachi Salahuddin Babar Khattak, DIG Traffic Wajid Durrani were al
Published 24 Apr, 2008 12:00am
Three minors killed in shoot-out

Three minors killed in shoot-out

Five people including three minors were killed in separate incidents here on Wednesday. According to details, at around 12.40pm unknown dacoits on a resistance sprayed a school van with bullets at Qumarwarah in the jurisdiction of Lyari police station, le
Published 24 Apr, 2008 12:00am
NJLI Meesaq Fund Rates

NJLI Meesaq Fund Rates

New Jubilee Life Insurance Meesaq Fund Rates on Wednesday (April 23, 2008).

Published 24 Apr, 2008 12:00am
Improve performance or face consequences: minister

Improve performance or face consequences: minister

The high officials of Karachi Water and Sewerage Board (KW&SB) have been asked to improve their performance within 90 days otherwise they may face transfers or terminations.
Published 24 Apr, 2008 12:00am
NJLI Meesaq Fund Rates

NJLI Meesaq Fund Rates

New Jubilee Life Insurance Meesaq Fund Rates on Wednesday (April 23, 2008).

Published 24 Apr, 2008 12:00am
Kenya tea exports to Pakistan fall 54 percent in first quarter

Kenya tea exports to Pakistan fall 54 percent in first quarter

Exports of Kenyan tea to Pakistan fell 54 percent in the first quarter of 2008 to 12.2 million kg, the Tea Board of Kenya said on Wednesday. Pakistan has traditionally been the biggest buyer of Kenyan tea, but was overtaken by Egypt and Britain during the
Published 24 Apr, 2008 12:00am
NJLI Meesaq Fund Rates

NJLI Meesaq Fund Rates

New Jubilee Life Insurance Meesaq Fund Rates on Wednesday (April 23, 2008).

Published 24 Apr, 2008 12:00am
Transshipped containers: FBR to collect sealing, desealing charges

Transshipped containers: FBR to collect sealing, desealing charges

The Federal Board of Revenue (FBR) has decided to collect charges of sealing and de-sealing of containers from importers and exporters. Sources told Business Recorder on Wednesday that the FBR has issued instructions to the Collector of Customs, Pr
Published 24 Apr, 2008 12:00am
NWFP chief minister warns miscreants to mend ways

NWFP chief minister warns miscreants to mend ways

NWFP government is sincere in promoting peace in the province through negotiations, however, unscrupulous elements challenging the writ of the government would be dealt with iron hand, NWFP Chief Minister Amir Haider Khan Hoti said on Wednesday.
Published 24 Apr, 2008 12:00am
Six killed, 16 injured in Batagram road mishap

Six killed, 16 injured in Batagram road mishap

Six persons were killed and 16 other injured when a Gilgit-bound passenger Toyota Hiace coming from Rawalpindi fell into a deep ravine near Shinglo (Chanjal) due to slippery road conditions.
Published 24 Apr, 2008 12:00am
UK firm to invest more in Pakistan power plants

UK firm to invest more in Pakistan power plants

International Power (IP) of UK has planned to invest more in Pakistan to expand Kapco by 400 MW and Uch power plant by 600 MW to meet the future growing demand for electricity, says a press release.
Published 24 Apr, 2008 12:00am