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Print - 2008-05-22
Oil to rise more, Opec helpless: Libya

Oil to rise more, Opec helpless: Libya

Oil prices, which on Wednesday hit a record high above $130 a barrel, will probably rise even further, the head of Libya's National Oil Corporation (NOC) said. "It will go higher," Shokri Ghanem, head of NOC and the head of Libya's Opec delegation, told R
Published 22 May, 2008 12:00am
Opec to act on supply if needed

Opec to act on supply if needed

Opec is willing to act if needed to ensure adequate supply of oil, although record-high prices are being driven by factors beyond supply and demand, Opec said in a statement. The exporter group issued the statement after its secretary general, Abdullah al
Published 22 May, 2008 12:00am
Billionaire soccer club buyers eye southern Europe

Billionaire soccer club buyers eye southern Europe

Manchester United and Chelsea will be the centre of attention for millions around the world in Wednesday's Champions League final in Moscow, but soccer bankers have their eyes further south as they seek new opportunities to emulate the English clubs' succ
Published 22 May, 2008 12:00am
No need for Opec action on new record oil price: Qatar

No need for Opec action on new record oil price: Qatar

Qatari Oil Minister Abdullah al-Attiyah said on Wednesday that a new record oil price of $130 a barrel was not caused by a shortage of supply and there was no need for Opec to take any action. Asked if Opec would hold an emergency meeting after oil hit re
Published 22 May, 2008 12:00am
Singapore wholesale trade rises

Singapore wholesale trade rises

Singapore's first quarter domestic wholesale trade rose 26.5 percent from a year ago, faster than a 22.2 percent gain in the fourth quarter, as sales of petroleum and oil products boomed amid record crude prices.
Published 22 May, 2008 12:00am
Murdoch installs Thomson as Wall Street Journal editor

Murdoch installs Thomson as Wall Street Journal editor

News Corp chairman Rupert Murdoch has installed his associate Robert Thomson as the new managing editor of The Wall Street Journal, one of America's most prestigious business newspapers. News Corp announced Wednesday the appointment of Thomson, who was pr
Published 22 May, 2008 12:00am
Australia consumer sentiment off 15-year lows

Australia consumer sentiment off 15-year lows

Australian consumer sentiment rose for the first time in four months in May, recovering from 15-year lows the previous month, helped by tax cuts announced in the federal budget last week, a survey showed on Wednesday. The Westpac-Melbourne Institute consu
Published 22 May, 2008 12:00am
Indian shares end flat

Indian shares end flat

Indian share prices ended flat on Wednesday, as inflation and oil price concerns weighed the market down, dealers said. They said oil and gas stocks rose as crude oil prices surged to record highs. The benchmark Mumbai 30-share Sensex rose 12.98 points or
Published 22 May, 2008 12:00am
Taiwan stocks fall

Taiwan stocks fall

Taiwan stocks closed 0.59 percent lower on Wednesday with contract chip maker TSMC and high-priced issues such as Hon Hai falling as signs of rising US inflation damped down tech exporters. The TAIEX share index lost 53.32 points to end at 9,015.57, follo
Published 22 May, 2008 12:00am
Hong Kong stocks surge

Hong Kong stocks surge

Hong Kong stocks recouped early losses to close 1.2 percent higher on Wednesday after a sharp rebound in Shanghai on speculation that Beijing will soon allow state-set prices for oil products, such as gasoline, to rise. China's key stock index jumped 2.93
Published 22 May, 2008 12:00am
Inflation worries spur sell-off on Wall Street

Inflation worries spur sell-off on Wall Street

US stocks slid on Tuesday after oil prices jumped above $129 a barrel and a key inflation gauge rose more than expected, adding to concerns that Americans will have less to spend. Slack quarterly earnings from two of the biggest US retailers, Target Corp
Published 22 May, 2008 12:00am
Thai share prices rally

Thai share prices rally

Thai share prices closed 1.19 percent higher on Wednesday, reaching a six-month high following gains in the energy and banking sectors, driven by record oil prices, dealers said. The price of oil hit a new high of 130 dollars a barrel on Wednesday owing t
Published 22 May, 2008 12:00am
US Treasuries climb as stocks slide

US Treasuries climb as stocks slide

US Treasury debt prices climbed on Tuesday as record high oil prices heightened prospects of dwindling consumer spending, while plunging stock prices boosted the safe-haven demand for bonds. Investors fear soaring energy costs will hit buyers' wallets har
Published 22 May, 2008 12:00am
US Treasuries climb as stocks slide

US Treasuries climb as stocks slide

US Treasury debt prices climbed on Tuesday as record high oil prices heightened prospects of dwindling consumer spending, while plunging stock prices boosted the safe-haven demand for bonds. Investors fear soaring energy costs will hit buyers' wallets har
Published 22 May, 2008 12:00am
China stock index ends up 2.93 percent

China stock index ends up 2.93 percent

China's key stock index ended up 2.93 percent on Wednesday, reversing early losses as PetroChina, the most heavily weighted stock, rebounded sharply on speculation that Beijing may take steps to aid oil refiners. The benchmark Shanghai Composite Index end
Published 22 May, 2008 12:00am
Singapore shares weaken

Singapore shares weaken

Singapore share prices closed 0.09 percent lower on Wednesday as oil prices surpassed 130 dollars a barrel, highlighting concerns about their impact on inflation and economic growth, dealers said.
Published 22 May, 2008 12:00am
Philippine shares drop

Philippine shares drop

Philippine share prices closed 0.8 percent lower on Wednesday due to renewed fears of inflation, fuelled by record-high prices of oil, dealers said. But the downturn was muted, with thin volumes suggesting that investors were not yet in panic mode and man
Published 22 May, 2008 12:00am
Nikkei sags 1.7 percent

Nikkei sags 1.7 percent

Japan's Nikkei average slid 1.7 percent to a one-week closing low on Wednesday, dragged down by financial shares on lingering credit worries, while a stronger yen pressured exporters such as Toyota Motor Co.
Published 22 May, 2008 12:00am
Jakarta shares tumble

Jakarta shares tumble

Indonesian shares closed 0.7 percent lower on Wednesday, with Wall Street's slump overnight prompting investors to lock in profits after six consecutive trading days of gains, dealers said. The Jakarta Composite Index closed down 16.25 points at 2,494.71,
Published 22 May, 2008 12:00am
Yuan surges versus sagging dollar

Yuan surges versus sagging dollar

China's yuan surged against the dollar on Wednesday, breaking the 6.9600 mark for the first time since its revaluation, after the central bank set a much stronger daily reference rate to reflect the US currency's weakness in global markets.
Published 22 May, 2008 12:00am
Dollar falls to one-month low

Dollar falls to one-month low

The dollar hit a one-month low against a basket of currencies on Wednesday after comments from a German government official stoked expectations of higher euro zone interest rates. The US currency was also dented against the yen as a fall in Asian stocks p
Published 22 May, 2008 12:00am
Dollar slides as interest rate outlook lifts euro

Dollar slides as interest rate outlook lifts euro

The dollar fell on Tuesday as talk of higher euro zone interest rates prompted investors to increase exposure to the euro, though losses were capped by inflation data that muddied the US interest rate outlook.
Published 22 May, 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: 8.00-18.00 percent (previous 7.50-20.00 percent).
Published 22 May, 2008 12:00am
Australian dollar remains high

Australian dollar remains high

The Australian dollar held firm near 24-year highs on Wednesday, bouyed by a rebound in consumer sentiment and expectations of robust inflows from mergers and acquisitions, though fresh risk aversion capped gains. The Aussie was at $0.9588/90 against the
Published 22 May, 2008 12:00am
Most Asian currencies rise on policy views

Most Asian currencies rise on policy views

Most Asian currencies climbed on Wednesday, including the Singapore dollar and Taiwan dollar, as investors bet on currencies in countries where central banks are seen using exchange rates as an inflation-fighting tool. Both the Taiwan dollar and Malaysian
Published 22 May, 2008 12:00am
Swiss franc steady

Swiss franc steady

The Swiss franc stood broadly unchanged early on Wednesday as markets awaited the ZEW investor sentiment indicator to shed light on how much the global economic slowdown will weigh on the Swiss economy. "That might trigger the big move today, people are v
Published 22 May, 2008 12:00am
PFF's steps for women football promotion hailed

PFF's steps for women football promotion hailed

Begum Shafquatun Nisa, Nazim of Shalimar Town, Lahore has hailed Pakistan Football Federation (PFF) for taking concrete steps to boost women football in Pakistan and giving encouragement by awarding prize money to players in three National Women Football
Published 22 May, 2008 12:00am
Petitioners for an Austria-free Euro 2008 get fined

Petitioners for an Austria-free Euro 2008 get fined

Petitioners who urged hosts Austria to withdraw from Euro 2008 after some poor performances have been fined for misuse of the national coat of arms, an organiser told Reuters on Wednesday.
Published 22 May, 2008 12:00am
Bhupathi rules out Olympic reunion with Paes

Bhupathi rules out Olympic reunion with Paes

Mahesh Bhupathi dealt a blow to India's hopes of winning a tennis medal at the Beijing Olympics Wednesday, when he appeared to rule out a reunion with former doubles partner Leander Paes. Paes and Bhupathi won three Grand Slam doubles titles in 1999 befor
Published 22 May, 2008 12:00am
Spain fear for Beijing place after doping case

Spain fear for Beijing place after doping case

The Spanish women's hockey team's place at the Beijing Olympics is in jeopardy after it emerged that two of its players tested positive for banned substances at an Olympic qualifying event in Baku last month. But Spanish hockey authorities have said there
Published 22 May, 2008 12:00am
POA to hold inter school sports tournaments

POA to hold inter school sports tournaments

Punjab Olympic Association (POA) has evolved a comprehensive strategy to promote various games and in this regard it has decided to hold inter school sports tournaments from October 17 to 19. The events of athletics, badminton, basketball, netball, baseba
Published 22 May, 2008 12:00am
Nadal heads for history at Federer's expense

Nadal heads for history at Federer's expense

Rafael Nadal's ruthless pursuit of an historic fourth straight French Open title is likely to deliver another, possibly fatal blow to Roger Federer's lingering dream of an elusive Roland Garros crown.
Published 22 May, 2008 12:00am
Australia and West Indies sweating over first test line-ups

Australia and West Indies sweating over first test line-ups

Australia, still trying to settle down following a number of high profile retirements over the last year, could enter the opening Test of three against West Indies starting Thursday without Matthew Hayden.
Published 22 May, 2008 12:00am
Police patrol Guinea capital after premier sacked

Police patrol Guinea capital after premier sacked

Police patrolled opposition areas of Guinea's capital on Wednesday after overnight protests against President Lansana Conte's sacking of a consensus prime minister appointed last year to end a bloody general strike.
Published 22 May, 2008 12:00am
Osama messages push reflects rivalry: analysts

Osama messages push reflects rivalry: analysts

Osama bin Laden's emphasis on the Palestinians in recent messages is a political shift reflecting competition with a surging Hezbollah for Islamist leadership, analysts said.
Published 22 May, 2008 12:00am
Sri Lanka denied seat on Human Rights Council

Sri Lanka denied seat on Human Rights Council

Sri Lanka, under fire for its human rights record, was Wednesday denied a seat on the UN Human Rights Council while France and Britain edged out Spain to win re-election in a closely-watched contest in the UN General Assembly. Nineteen countries were vyin
Published 22 May, 2008 12:00am
Suharto urges calm as thousands protest

Suharto urges calm as thousands protest

Indonesia's president called for calm on Wednesday as thousands marched over rising prices on the 10th anniversary of the downfall of former President Suharto, and some protesters threw rocks and bottles at police.
Published 22 May, 2008 12:00am
Bush allows Americans to send cell phones to Cuba

Bush allows Americans to send cell phones to Cuba

President George W. Bush on Wednesday announced a change in US policy to allow Americans to send cellphones to relatives in Cuba after an easing of restrictions on phone ownership there.
Published 22 May, 2008 12:00am
Israel and Syria reveal peace talks in Turkey

Israel and Syria reveal peace talks in Turkey

Israel and Syria said on Wednesday they had launched indirect peace talks mediated by Turkish officials in Istanbul, the first confirmation of negotiations between the long-time enemies in eight years.
Published 22 May, 2008 12:00am
Georgia ruling party wins

Georgia ruling party wins

Georgian President Mikheil Saakashvili's United National Movement won more than 63 percent of the vote in parliamentary elections Wednesday, an exit poll by a group of Georgian think tanks said.
Published 22 May, 2008 12:00am
Czech approves US anti-missile deal

Czech approves US anti-missile deal

The Czech cabinet approved Wednesday the main accord on the deployment of a US anti-missile radar in the country, government spokeswoman Jana Bartosova said Wednesday. "The main agreement was approved. We expect the second agreement to be agreed between t
Published 22 May, 2008 12:00am
Rival Lebanese leaders forge deal to end conflict

Rival Lebanese leaders forge deal to end conflict

Rival Lebanese leaders signed a deal on Wednesday to end 18 months of political conflict that had threatened to push the country to a new civil war. The agreement, reached after six days of Arab-mediated talks, also paved the way for the election of a new
Published 22 May, 2008 12:00am
Blast kills two ISAF soldiers

Blast kills two ISAF soldiers

An explosion in the eastern Afghan province of Ghazni killed two soldiers from the Nato-led International Security Assistance Force (ISAF) and one civilian interpreter, ISAF said in a statement on Wednesday.
Published 22 May, 2008 12:00am
China quake: woman emerges alive after nine days

China quake: woman emerges alive after nine days

A woman emerged alive Wednesday after being trapped for nine days in a tunnel following China's earthquake, as the government ordered budget cuts to fund a multi-billion-dollar relief package.
Published 22 May, 2008 12:00am
EU agrees mandate for Russia partnership talks

EU agrees mandate for Russia partnership talks

European Union states finally agreed on Wednesday on a mandate for launching partnership talks with Russia after satisfying Lithuania's concerns about so-called "frozen conflicts" on Russia's borders.
Published 22 May, 2008 12:00am
Sterling slides

Sterling slides

Sterling fell by nearly 1 percent versus a resurgent euro on Wednesday on concerns about the UK economy, while a surprise jump in German business sentiment strengthened the view that eurozone interest rates will not fall this year.
Published 22 May, 2008 12:00am
Euro rises versus dollar in London

Euro rises versus dollar in London

The euro hit one month highs versus the dollar and sterling on Wednesday after a surprise improvement in German business sentiment added to talk that the next move in eurozone interest rates may be up rather than down.
Published 22 May, 2008 12:00am
Indian rupee hovers near 13-month low

Indian rupee hovers near 13-month low

The Indian rupee hovered near 13-month lows on Wednesday as concerns of a widening trade deficit intensified after world oil prices climbed to a record above $130 a barrel. India imports about 70 percent of its oil and refiners are the biggest buyers of d
Published 22 May, 2008 12:00am
Malaysian shares dip

Malaysian shares dip

Malaysian share prices closed 0.5 percent lower Wednesday, as cautious investors took advantage of the market's relative strength and sold some of their holdings for profit, dealers said. The Kuala Lumpur Composite Index was down 6.23 points to 1,281.20.
Published 22 May, 2008 12:00am
Wednesday's early afternoon trade: US stocks tumble on Fed warning

Wednesday's early afternoon trade: US stocks tumble on Fed warning

US stocks fell on Wednesday as record crude oil prices and comments from the Federal Reserve fuelled concerns about inflation and cutbacks in non-essential consumer spending. The Federal Reserve warned of higher inflation and unemployment and lowered its
Published 22 May, 2008 12:00am
Credit spreads widen on oil, earnings fears

Credit spreads widen on oil, earnings fears

European credit spreads widened on Wednesday, tracking falls in equities, with concerns growing about corporate profits as oil prices surged to a new record. By 1533 GMT, the Markit iTraxx Crossover index, made up of 50 mostly "junk"-rated credits, was at
Published 22 May, 2008 12:00am
Credit spreads widen on oil, earnings fears

Credit spreads widen on oil, earnings fears

European credit spreads widened on Wednesday, tracking falls in equities, with concerns growing about corporate profits as oil prices surged to a new record. By 1533 GMT, the Markit iTraxx Crossover index, made up of 50 mostly "junk"-rated credits, was at
Published 22 May, 2008 12:00am
Asian bond spreads widen

Asian bond spreads widen

Asian bond spreads widened on Wednesday as concerns about inflation returned after oil hit another record high, while credit crisis fears were revived when an influential analyst slashed her earnings outlook for top US banks. Even so, Asian issuers contin
Published 22 May, 2008 12:00am
Asian bond spreads widen

Asian bond spreads widen

Asian bond spreads widened on Wednesday as concerns about inflation returned after oil hit another record high, while credit crisis fears were revived when an influential analyst slashed her earnings outlook for top US banks. Even so, Asian issuers contin
Published 22 May, 2008 12:00am
FTSE edges up as oils gain but inflation unnerves

FTSE edges up as oils gain but inflation unnerves

Britain's FTSE 100 index eked out modest gains on Wednesday, dominated by record oil prices that set energy shares afire but cast the shadow of inflation over the wider market. The FTSE 100 closed up 6.5 points, or 0.1 percent, at 6,198.1 after a volatile
Published 22 May, 2008 12:00am
London coffee climbs

London coffee climbs

London robusta coffee futures climbed to a one-month high on Wednesday, breaking out of a recent trading range on the back of a higher arabicas market, while white sugar firmed and cocoa was little changed.
Published 22 May, 2008 12:00am
New York cotton firmer in lacklustre dealings

New York cotton firmer in lacklustre dealings

Cotton futures closed firmer Wednesday on investor buying inspired in part by strength in other commodity markets, but fibre contracts are haunted by weak demand and ample supplies, brokers said. ICE Futures' July cotton contract rose 0.21 cent to end at
Published 22 May, 2008 12:00am
Indian sugar futures rise

Indian sugar futures rise

Indian sugar futures rose on Wednesday as record high oil prices raised hopes for greater demand for cane-based ethanol, a biofuel that can be blended with petrol. At 3:31 pm (1001 GMT), the June contract was up 0.35 percent at 1,422 rupees ($33.2) per 10
Published 22 May, 2008 12:00am
London copper slips, aluminium up

London copper slips, aluminium up

Copper prices slipped on Wednesday as stocks rose and the market fretted about rising supplies, while aluminium rose on expectations China would become a net importer in the second half of the year. Battery material lead fell to its lowest in nearly a yea
Published 22 May, 2008 12:00am
US soya futures up

US soya futures up

US soybean futures on the Chicago Board of Trade ended mostly higher on Tuesday on the strength in crude oil and a weaker dollar, traders said. The soy market came off its highs late when crude oil slipped to $128 a barrel about a half hour before the CBO
Published 22 May, 2008 12:00am
Malaysian palm oil slightly up

Malaysian palm oil slightly up

Malaysian crude palm oil futures rose a touch on Wednesday on the back of record high crude oil prices, but weakening exports and profit-taking limited gains. Dealers said trading was lacklustre as the market awaited leads from an industry conference in J
Published 22 May, 2008 12:00am
Gold rallies in London, platinum up three percent

Gold rallies in London, platinum up three percent

Gold rallied to its highest level in a month on Wednesday after oil struck another record over $130 a barrel, and platinum jumped more than 3 percent as strong fundamentals and a weaker dollar spurred buying. Spot gold hit a high of $927.00 an ounce, its
Published 22 May, 2008 12:00am
US MIDDAY: coffee up, cocoa down

US MIDDAY: coffee up, cocoa down

Arabica coffee futures contracts trading on ICE Futures US moved higher in early thin trade Wednesday, while cocoa turned lower after hitting sell stops. July arabica coffee contract up 1.90 cents at $1.387 per lb at 9:08 am EDT (1308 GMT), traded from $1
Published 22 May, 2008 12:00am
US MIDDAY: sugar lower

US MIDDAY: sugar lower

Raw sugar futures ended slightly lower Wednesday on investor sales and brokers feel the inability of the sweetener to track the rally in crude oil to record highs may lead to further losses. The key raw July sugar contract fell 0.03 cent to end at 10.60 c
Published 22 May, 2008 12:00am
US MIDDAY: wheat turns up

US MIDDAY: wheat turns up

Chicago Board of Trade wheat futures turned higher on Wednesday as corn and soybeans stayed strong amid the red-hot crude oil market, traders said. Chicago wheat was up 4-1/2 cents at $7.88-1/2 per bushel by 12:24 pm CDT. Kansas City and Minneapolis wheat
Published 22 May, 2008 12:00am
US MIDDAY: corn and soya rally

US MIDDAY: corn and soya rally

Corn and soyabean futures on the Chicago Board of Trade rallied early Wednesday as crude oil climbed above $130 a barrel and the dollar weakened, traders said. Given the expanding biofuels industry, corn and soyabeans tend to track the energy markets.
Published 22 May, 2008 12:00am
US MIDDAY: copper sags

US MIDDAY: copper sags

US copper futures ended in negative territory for the third straight session on Wednesday as lingering concerns about demand continued to cap the market's upside price potential. Copper for July delivery ended down 3.65 cents at $3.74 a lb on the COMEX me
Published 22 May, 2008 12:00am
US MIDDAY: gold rises above $920

US MIDDAY: gold rises above $920

US gold futures climbed above $920 an ounce early on Wednesday on a weak dollar, erasing early gains as oil diminished after initially surging to record highs, stirring inflation worries. The June gold contract on COMEX division of New York Mercantile Exc
Published 22 May, 2008 12:00am
Nadra e-Sahulat scheme to be inaugurated on May 23

Nadra e-Sahulat scheme to be inaugurated on May 23

The National Database Registration Authority (Nadra) is all set to launch dynamic 'e-Sahulat' project, which is an advance form of kiosk, utility bill payment system, says a press release.
Published 22 May, 2008 12:00am
ADR system in tax laws

ADR system in tax laws

According to press reports, in May-2008 an understanding has been reached between the Income Tax Bar Association and the FBR for strengthening the ADR system. Insertion of an enabling provisions in the Income Tax, Customs, Sales Tax and Excise Duty Laws i
Published 22 May, 2008 12:00am
Flawed reservation

Flawed reservation

My husband Dr Abdul Hadi and I booked seats from Lahore for Manchester and return. We had to go to 5 different travel agents in Lahore before one of them gave us confirmed booking for our return travel from Manchester to Lahore by Pk710 of 16 May 2008. Ou
Published 22 May, 2008 12:00am
Yet another health policy

Yet another health policy

The first health policy was formulated in the mid 80s and was introduced in 1990. It did not adequately cover all areas of Primary Health Care according to Health For All (HFA) strategy of WHO. In December 1997, the Cabinet of Prime Minister, Mr Nawaz Sha
Published 22 May, 2008 12:00am
Large infrastructure projects and public interest litigation

Large infrastructure projects and public interest litigation

The impact of public interest litigation on large infrastructure projects can be seen with reference to cases on river valley projects, thermal power plants, mining projects, railway projects, privatisation in Pakistan, tourism infrastructure and roads an
Published 22 May, 2008 12:00am
Gilani-Bush meeting in Egypt

Gilani-Bush meeting in Egypt

The meeting between Prime Minister Yousuf Raza Gilani and US President George Bush on the sidelines of the World Economic Forum on the Middle East being held in Egypt led to a reaffirmation of the current US Administration's stance on a number of issues t
Published 22 May, 2008 12:00am
Foreign investment

Foreign investment

Prime Minister Yousuf Raza Gilani, while addressing a huge gathering at Multan, vowed to bring foreign investment and prosperity to the country, which should give the nation hope that the economy will at long last start moving in the right direction.
Published 22 May, 2008 12:00am
Army fully prepared to meet threats: Kayani

Army fully prepared to meet threats: Kayani

The Chief of Army Staff General Ashfaq Parvez Kayani on Wednesday said Army is fully prepared to meet current and emerging external and internal threats, with support of the nation.
Published 22 May, 2008 12:00am
USAID marks successful closure of PISDAC projects

USAID marks successful closure of PISDAC projects

The United States Agency for International Development (USAID) marked the closing of its four-year $11.3 million Pakistan Initiative for Strategic Development and Competitiveness project (PISDAC) after registering "significant achievements" here on Wednes
Published 22 May, 2008 12:00am
Cost of Haj to be very high this year: Vakil

Cost of Haj to be very high this year: Vakil

Secretary, Ministry of Religious Affairs, Vakil Ahmed Khan said on Wednesday that cost of forthcoming Haj would be very high this year owing to lowering rupee value, high rent of buildings in Saudi Arabia and increasing fares of airlines.
Published 22 May, 2008 12:00am
New budget will unveil relief package for poor: Gilani

New budget will unveil relief package for poor: Gilani

Prime Minister Syed Yousuf Raza Gilani reiterating the government's commitment to improve the lot of common man has stated that the new budget will unveil a relief package for people, with focus on poorest of the poor.
Published 22 May, 2008 12:00am
Farewell reception

Farewell reception

All the cadres of office of Ombudsman Punjab gave farewell reception in honour out-going ombudsmen, Abdul Rashid Khan here on Wednesday. On the occasion the services Abdul Rashid was applauded, meanwhile Secretary Ombudsman Punjab Abdul Rauf Khan also pre
Published 22 May, 2008 12:00am
Initial wheat procurement target achieved

Initial wheat procurement target achieved

Food Department Bahawalpur has achieved its initial wheat procurement target fixed for six tehsils of the district. According to Deputy Director Food Bahawalpur region, 215,000 metric tons was the initial target has been achieved. He said, now, 225,000 (t
Published 22 May, 2008 12:00am
'PPP believes in reconciliation policy'

'PPP believes in reconciliation policy'

Punjab PPP Vice-President Malik Ahmed Hussain Dehar, MPA, said: "We must be united to strengthen the parliamentary system", adding that flexibility and reconciliation are the need of the hour. Talking to newsmen here on Wednesday, he said: "We are committ
Published 22 May, 2008 12:00am
Steps for women empowerment in Northern Areas promised

Steps for women empowerment in Northern Areas promised

Member Northern Areas Legislative Council, Rani Attiqa has said it is high time for women to come forward to play their due role in the society adding that all out efforts are being made to provide due rights of womenfolk in far flung and remote areas of
Published 22 May, 2008 12:00am
PIA flight engineers' dismissal order withdrawn

PIA flight engineers' dismissal order withdrawn

PIA management has withdrawn the dismissal order of 42 flight engineers, restoring all flight engineers to their respective posts. Following the grounding of Boeing 747 jumbo jets, the former management of PIA had relieved all 42 flight engineers.
Published 22 May, 2008 12:00am
Hearing against Sherpao adjourned till June 5

Hearing against Sherpao adjourned till June 5

An Accountability Court in Rawalpindi on Wednesday adjourned hearing of the New City Project case against former Interior Minister Aftab Ahmed Sherpao till June 5, a private TV channel reported.
Published 22 May, 2008 12:00am
Dialogue only way to solve contentious issue: Shamshad

Dialogue only way to solve contentious issue: Shamshad

Former Foreign Secretary Shamshad Ahmed Khan has said that dialogue is the only way to solve contentious issue like Kashmir because wars have not solved issues rather they have aggravated them.
Published 22 May, 2008 12:00am
Call to ensure de-silting of canals

Call to ensure de-silting of canals

District Coordination Officer (DCO) Larkana Abdul Aziz Uqaili has called upon the Irrigation and Agriculture officials to ensure the de-silting of irrigation canals so that tail-end Abadgars may be able to get irrigation water for their agriculture lands.
Published 22 May, 2008 12:00am
Police arrests 39 criminals

Police arrests 39 criminals

The CCPO Karachi, Salahuddin Babar Khattak has said on Wednesday that Karachi police rounded up overall 39 criminals in seven police encounters and snap checking in the city during the last 24 hours.
Published 22 May, 2008 12:00am
10 million cattle to be immunised in Punjab

10 million cattle to be immunised in Punjab

Livestock Extension Director General, Dr Muhammad Irfan Zahid, has said 10 million cattle in the province will be immunised to protect them from being affected by various diseases. He said this while chairing a department meeting here on Wednesday.
Published 22 May, 2008 12:00am
Old Ravians union polls schedule announced

Old Ravians union polls schedule announced

The Chairman, Election Committee, Old Ravians union, Justice Khawaja Muhammad Sharif has announced the schedule of the union elections for 2008-2010 to be held on June 22. According to the schedule, nomination papers would be obtained on June 2 and 3, 200
Published 22 May, 2008 12:00am
Seminar on clean energy for safer environment held

Seminar on clean energy for safer environment held

Environment Protection Department Punjab has held one-day seminar on "clean energy for safer environment and sustainable development" on Wednesday. The objective of the seminar was to promote the use of alternate and renewable energy sources and sensitisa
Published 22 May, 2008 12:00am
Warid's investment to reach $1.5 billion by year-end

Warid's investment to reach $1.5 billion by year-end

The Warid Telecom's total investment in Pakistan will touch $1.5 billion by the end of this year while the company will further increase its investment in the telecom sector by $1 billion by the end of 2009.
Published 22 May, 2008 12:00am
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