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Nov 26, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2008-05-24
Dollar rises on profit-taking

Dollar rises on profit-taking

The dollar rose broadly on Thursday but support remained fragile as oil touched new record highs and a gloomier Federal Reserve growth forecast added to fears that the US economy may be heading toward stagflation. Firm euro zone economic data this week an
Published 24 May, 2008 12:00am
Australian dollar off 25-year peaks

Australian dollar off 25-year peaks

The Australian dollar retreated from this week's 25-year peaks on Friday after Australia's yield advantage over the US narrowed on speculation the Federal Reserve may raise interest rates later this year. The Aussie was also hurt by lower commodity prices
Published 24 May, 2008 12:00am
Asian currencies weighed down

Asian currencies weighed down

Most Asian currencies dropped against the dollar on Friday, surrendering part of their gains from the previous session as investors fretted about accelerating inflation and prospects for slower economic growth. The Thai baht fell as far as 32.14 per dolla
Published 24 May, 2008 12:00am
Swiss franc steady

Swiss franc steady

The Swiss franc held steady against major currencies on Friday as markets awaited comments from the head of the Swiss National Bank that could shed light on the future direction of interest rate policy. Analysts at SEB expect Thursday's slip in the franc
Published 24 May, 2008 12:00am
Canadian dollar weakens on soft data

Canadian dollar weakens on soft data

The Canadian dollar fell against the US dollar on Thursday after a report showed retail sales were weaker than expected in March, but the commodity-linked currency was supported by robust oil prices, which prevented it from losing a lot of ground.
Published 24 May, 2008 12:00am
Glamour girls set for showdown in Paris

Glamour girls set for showdown in Paris

If the powerbrokers in women's tennis had a say in it they would jump at the chance of a Maria Sharapova versus Ana Ivanovic final at the French Open on June 7. The two glamour girls of the sport have the youthful talent, movie-star good looks and contras
Published 24 May, 2008 12:00am
Ferguson slams Real over Ronaldo speculation

Ferguson slams Real over Ronaldo speculation

Alex Ferguson told Real Madrid on Friday that Manchester United would not be bullied into selling Cristiano Ronaldo. Ferguson's comments came as Ronaldo, who scored in United's Champions League final win over Chelsea, spoke to reporters in Lisbon to deny
Published 24 May, 2008 12:00am
Nadal handed tough path to fourth French Open title

Nadal handed tough path to fourth French Open title

Triple champion Rafael Nadal faces a tough task in his bid to win a fourth consecutive French Open following Friday's draw for the tournament starting on Sunday. The second seed, who has never been beaten at Roland-Garros since his debut in 2005, is in th
Published 24 May, 2008 12:00am
Most career hundreds in Test matches

Most career hundreds in Test matches

Most career hundreds in Test match cricket following Ricky Ponting's century for Australia on the opening day of the first Test against the West Indies here on Thursday:

Published 24 May, 2008 12:00am
Mali, Niger armies hit back against Tuareg rebels

Mali, Niger armies hit back against Tuareg rebels

Mali's army launched an offensive on Friday against Tuareg rebels who had attacked a north-eastern garrison, officials said, and in neighbouring Niger the military said it killed 11 of the nomadic desert insurgents.
Published 24 May, 2008 12:00am
Jackie Chan plans Chinese earthquake movie

Jackie Chan plans Chinese earthquake movie

Hong Kong action hero Jackie Chan said Friday he wanted to make a film about the massive earthquake which hit China this month to raise money for victims. Chan is best known for blockbusters like the "Rush Hour" series and "Drunken Master" but said the ne
Published 24 May, 2008 12:00am
Turkish crisis puts 'post-Islamist' reform on hold

Turkish crisis puts 'post-Islamist' reform on hold

Turkey's moves toward greater religious freedom, which some saw as the sign of an evolving moderate Muslim society, have been put on hold by a political crisis that could outlaw the "post-Islamist" ruling AK Party.
Published 24 May, 2008 12:00am
Zimbabwe violence declining: attorney general

Zimbabwe violence declining: attorney general

Violence that followed Zimbabwe's disputed March elections has started to decline throughout the country, acting Attorney General Bharat Patel was quoted as saying by state media on Friday.
Published 24 May, 2008 12:00am
PPP against 17th Amendment, says Babar

PPP against 17th Amendment, says Babar

Spokesperson of Pakistan People's Party Farhatullah Babar has said that the PPP opposed the 17th amendment that was implemented through an executive order. Talking to a private TV channel he said the 17th amendment has created an imbalance between the Par
Published 24 May, 2008 12:00am
Israeli Prime Minister grilled again in graft probe

Israeli Prime Minister grilled again in graft probe

Police grilled Israeli Prime Minister Ehud Olmert on Friday for the second time in three weeks in the latest corruption probe against him, which has sparked calls for his resignation. Anti-fraud squad officers questioned Olmert, 62, for about 90 minutes a
Published 24 May, 2008 12:00am
Dalai Lama warns of renewed violence if China talks collapse

Dalai Lama warns of renewed violence if China talks collapse

The Dalai Lama warned on Friday of renewed "serious violence" in Tibet if talks between his representatives and Beijing break down. He added in an interview with AFP that a seventh round of long-running talks with Beijing are on course to take place on Ju
Published 24 May, 2008 12:00am
Five Palestinians killed

Five Palestinians killed

Five Palestinian fighters were killed and an Israeli soldier wounded on Friday as violence flared up again in the Gaza Strip despite Egyptian efforts to mediate a truce around the impoverished territory. Three Palestinians were killed in an air strike cal
Published 24 May, 2008 12:00am
Cannes critics cool as film competition nears end

Cannes critics cool as film competition nears end

A lack of memorable movies mean the 2008 Cannes film festival is unlikely to live long in the minds of many critics, who argue that after a solid start the main competition faded.
Published 24 May, 2008 12:00am
More Myanmar aid agreed

More Myanmar aid agreed

Myanmar's junta agreed on Friday to admit foreign aid workers of all nationalities to the delta area worst hit by Cyclone Nargis, in what the UN called a breakthrough for aiding survivors. Western disaster experts, largely kept out of the Irrawaddy Delta
Published 24 May, 2008 12:00am
UK opposition wins seat

UK opposition wins seat

Britain's opposition Conservatives gained a mid-term parliamentary seat from the ruling Labour Party on Friday for the first time in 30 years, making them favourites to win the next general election.
Published 24 May, 2008 12:00am
China finds 50 radiation sources after quake

China finds 50 radiation sources after quake

China has found what it termed 50 "hazardous sources of radiation" due to last week's earthquake, a senior official said on Friday, though he insisted the situation was under control. But Wu Xiaoqing, vice environment minister, said there had been no acci
Published 24 May, 2008 12:00am
World Court rules Singapore owns strategic isle

World Court rules Singapore owns strategic isle

The UN's top court ruled on Friday that Singapore owns a rocky outcrop that lies on a strategic shipping lane in a verdict that delivered a lesser prize to Malaysia, the other party in the dispute.
Published 24 May, 2008 12:00am
Five Taliban blown up by own bomb: police

Five Taliban blown up by own bomb: police

Five Taliban militants were killed when their own bomb blew up as they embedded it in a road regularly used by international troops in southern Afghanistan, police said Friday. The militants were planting the device near the town of Musa Qala in the south
Published 24 May, 2008 12:00am
US House okays defence bill

US House okays defence bill

The US House of Representatives late on Thursday passed a $601.4 billion defence spending bill despite a veto threat by the White House. The House passed the bill to fund the Pentagon operation for the fiscal year beginning on October 1 on a 384-to-23 vot
Published 24 May, 2008 12:00am
Armed men ambush, disarm, peacekeepers in Darfur

Armed men ambush, disarm, peacekeepers in Darfur

Up to 60 heavily armed men ambushed a patrol of UN/African Union peacekeepers in Darfur, in a new attack on international forces in Sudan's strife-torn west, the UN said on Friday. The raiders, wearing uniforms and armed with AK-47 rifles, rocket-propelle
Published 24 May, 2008 12:00am
Uranium plant deal to be signed

Uranium plant deal to be signed

Russia is to build and supply a $1 billion uranium enrichment plant in China, Russia's nuclear chief said on Friday. The deal will be signed during Russian President Dmitry Medvedev's state visit to Beijing which begins on Friday, said Sergei Kiriyenko, t
Published 24 May, 2008 12:00am
Sterling slips

Sterling slips

Sterling fell against the dollar on Friday as an unhealthy combination of slowing growth and rising inflation kept investors bearish on the outlook for the UK economy. Better than expected UK retail sales and factory orders data the previous session had s
Published 24 May, 2008 12:00am
Indian rupee up

Indian rupee up

The partially convertible Indian rupee pushed away from 13-month lows in early deals on Friday after oil dipped from record highs and stock market gains raised hopes of capital inflows. Traders were also wary of adding to long dollar positions aggressivel
Published 24 May, 2008 12:00am
Dollar holds gains

Dollar holds gains

The dollar was little changed on Friday, holding gains made after oil prices pulled back from a record high, while weaker eurozone services sector data did little to dent the view that the region's economy remains firm.
Published 24 May, 2008 12:00am
Friday's early afternoon trade: Wall Street drops as oil worries nag

Friday's early afternoon trade: Wall Street drops as oil worries nag

US stocks fell on Friday, as worries about high oil prices hammered energy-sensitive sectors and left investors on edge about inflation at the onset of a long holiday weekend. Economic bellwethers United Tech and Caterpillar were among the top drags on th
Published 24 May, 2008 12:00am
European credit spreads widen

European credit spreads widen

European credit spreads widened on Friday, extending a market decline kicked off by surging oil prices, after the investment grade index broke through a technical resistance level, an analyst said. In the cash bond market, meanwhile, strong demand enabled
Published 24 May, 2008 12:00am
European credit spreads widen

European credit spreads widen

European credit spreads widened on Friday, extending a market decline kicked off by surging oil prices, after the investment grade index broke through a technical resistance level, an analyst said. In the cash bond market, meanwhile, strong demand enabled
Published 24 May, 2008 12:00am
Asian bond spreads flat

Asian bond spreads flat

Asian corporate and sovereign bond spreads were flat on Friday as retreating oil prices from record highs provided some relief from inflation worries, while bonds of commodities trading firm Noble Group rallied.
Published 24 May, 2008 12:00am
Asian bond spreads flat

Asian bond spreads flat

Asian corporate and sovereign bond spreads were flat on Friday as retreating oil prices from record highs provided some relief from inflation worries, while bonds of commodities trading firm Noble Group rallied.
Published 24 May, 2008 12:00am
Philippines shares rise

Philippines shares rise

Philippines share prices closed 0.4 percent higher on Friday in light trade as investors worry about inflation and rising oil prices, dealers said. The composite index rose 10.70 points to 2,849.28 after trading between 2,830.97 and 2,853.08.
Published 24 May, 2008 12:00am
FTSE falls to end worst week since early February

FTSE falls to end worst week since early February

Britain's leading stock index slid 1.5 percent on Friday to end its worst week since early February as miners and oil shares weighed, though Cable & Wireless rose on upbeat broker views. The FTSE 100 closed down 94.3 points at 6,087.3, for a weekly loss o
Published 24 May, 2008 12:00am
New York cotton futures settle down

New York cotton futures settle down

US cotton futures ended down 1 percent on Friday, off the session's 5-1/2 month lows, as the market continued to languish from a lack of interest not seen in many other commodities. "There seems to be no one interested in cotton because there are better b
Published 24 May, 2008 12:00am
Nickel recovers

Nickel recovers

Copper eked out gains on Friday, underpinned by a strong demand outlook and concerns over longer term supplies, while nickel recovered from a two-year low. Aluminium held firm on the back of historically high energy prices, despite bearish near term funda
Published 24 May, 2008 12:00am
US soyabean futures dive

US soyabean futures dive

US soybean futures on the Chicago Board of Trade dived on Thursday moving lower in tandem with crude oil and soyoil, traders said. July soybeans ended 24-1/4 cents lower at $13.24-3/4 per bushel. July soyoil closed 1.42 cent per lb weaker at 61.83 cents;
Published 24 May, 2008 12:00am
US copper ends lower

US copper ends lower

US copper futures surrendered earlier gains to close down on Thursday after a rebound in the dollar sparked a broad-based sell-off in the metals complex, traders said.
Published 24 May, 2008 12:00am
London sugar down

London sugar down

White sugar futures finished lower on Friday as abundant supplies and sluggish demand outweighed the supportive impact of rising crude oil prices and a weak dollar, dealers said.
Published 24 May, 2008 12:00am
Gold firms in London

Gold firms in London

Gold bounced on Friday after a drop from a one-month high spurred buying from bargain hunters, but jewellers stayed on the sidelines, awaiting clues from the energy market.
Published 24 May, 2008 12:00am
Oil rises on weak dollar, supply worries

Oil rises on weak dollar, supply worries

Oil rose on Friday on the weak US dollar and ongoing long-term supply concerns that briefly pushed oil to a peak over $135 this week.US light crude settled up $1.38 to $132.19 a barrel, after hitting a record $135.09 during intraday trade on Thursday. Lon
Published 24 May, 2008 12:00am
US MIDDAY: coffee up, cocoa mixed

US MIDDAY: coffee up, cocoa mixed

Arabica coffee futures trading on ICE Futures US were up in early trade Friday, while cocoa was mixed, in quiet dealings ahead of the holiday long weekend. July arabica contract up 0.30 cent at $1.345 per lb at 9:19 am EDT (1319 GMT), trades from $1.3315
Published 24 May, 2008 12:00am
US MIDDAY: sugar sinks

US MIDDAY: sugar sinks

Raw sugar futures on ICE Futures US at 1240 GMT early on Friday.July contract down 0.19 cent at 10.24 cents per lb. Range from 10.40 to 10.14 cents, low last seen April 29. July contract volume at 7,936 lots.
Published 24 May, 2008 12:00am
US MIDDAY: wheat rallies

US MIDDAY: wheat rallies

Wheat futures on the Chicago Board of Trade posted double-digit advances past midday on Friday on a light short-covering rally amid thin, pre-holiday trade, traders said.
Published 24 May, 2008 12:00am
US MIDDAY: soyabeans, corn rise

US MIDDAY: soyabeans, corn rise

Chicago Board of Trade corn and soyabeans were strong early Friday on spillover buying from the red-hot crude oil market, traders said. CBOT corn, soyabeans and soyaoil have been moving in tandem with crude oil, which hit several record tops this week.
Published 24 May, 2008 12:00am
US MIDDAY: copper falls

US MIDDAY: copper falls

US copper futures fell to a two-month low early Friday as a weaker technical picture and prospects for softer demand continued to keep the market pinned on its back foot, traders said.
Published 24 May, 2008 12:00am
US MIDDAY: gold jumps

US MIDDAY: gold jumps

New York gold futures rose on Friday as solid crude oil gains and a lower dollar prompted bullion investors to add long positions ahead of the Memorial Day holiday. The June gold contract on COMEX division of New York Mercantile Exchange up $8.90 to $927.
Published 24 May, 2008 12:00am
Energy, safe water supply to Tharis assured

Energy, safe water supply to Tharis assured

Alternate Energy Development Board (AEDB) Chairman Muhammad Yousuf Memon has said the government is actively considering proposals to address the problems of the people of desert areas of Sindh.
Published 24 May, 2008 12:00am
Water shortage hits cotton sowing

Water shortage hits cotton sowing

Acute water shortage has hit cotton sowing in Badin where growers are facing heavy financial losses. Growers of five Talukas are facing the onslaught as standing sugarcane, banana, and vegetable crops are not being supplied water. They have held several d
Published 24 May, 2008 12:00am
SHC issues notice to Pemra in FM radio licence case

SHC issues notice to Pemra in FM radio licence case

Pakistan Electronic Media Regulatory Authority (Pemra) was put on notice for June 4 by a Division Bench of Sindh High Court (SHC) comprising Justice Yasmeen Abbasey and Justice Dr Rana.M.Shamim in a petition filed by Financial Broadcasting Service (Pvt) L
Published 24 May, 2008 12:00am
Transfers and postings of judges

Transfers and postings of judges

The Chief Justice (CJ), Lahore High Court (LHC), has ordered on Friday transfers and postings amongst five Additional District (AD) and Sessions Judges (SJ) and 40 Civil Judges-cum-Judicial Magistrates.
Published 24 May, 2008 12:00am
The avoidable has happened

The avoidable has happened

The avoidable has happened. In other words, what could have been avoided or should not have taken place at all, has happened much sooner than expected.
Published 24 May, 2008 12:00am
Iran's right to nuclear technology

Iran's right to nuclear technology

In the past five years, since the matter of Iran acquiring nuclear technology came to light, there has been an unrealistic rhetoric and euphoria of a certain deathblow in some of the countries of the West. Why? What retaliation they assume could come fort
Published 24 May, 2008 12:00am
US crunch turns back clock on mortgage lending

US crunch turns back clock on mortgage lending

As US banks mop up the mess from billions of dollars of bad home loans, buyers are finding the days of cheap money are over and, in many cases, tougher versions of old lending rules now apply.
Published 24 May, 2008 12:00am
Millions of Africans face hunger as aid fails to flow in

Millions of Africans face hunger as aid fails to flow in

United Nations agencies are warning of an impending food crisis in East Africa that could see millions facing starvation, but financial support is coming at a trickle as stretched governments and other donors struggle to find the resources to help. Warnin
Published 24 May, 2008 12:00am
Tightening of the belt, at last

Tightening of the belt, at last

What the Governor SBP presented before the nation at her press conference on May 22 was a shocking picture of Pakistan's finances. Given the huge size of the external imbalances, the SBP action plan seems appropriate though, perhaps, late by at least two
Published 24 May, 2008 12:00am
Fighting inflation

Fighting inflation

These are difficult times for central banks of oil importing countries. Faced with the unusual phenomenon of skyrocketing oil and food prices impacting adversely their economies in a number of ways, they are forced to adopt highly restrictive measures to
Published 24 May, 2008 12:00am
Dawlance introduces split ACs with breakthrough FC technology

Dawlance introduces split ACs with breakthrough FC technology

Dawlance, the largest home appliance brand of Pakistan, has introduced a series of new health watch split air conditioners equipped with FC technology, which prompts the users to clean the filters when it gets dirty. This helps in improving healthy enviro
Published 24 May, 2008 12:00am
Tail-end growers protest against water shortage

Tail-end growers protest against water shortage

The tail-end growers of Dhubni Mine continued their protest demonstration against the shortage of irrigation water at tail-end of Dhubni Mine in front of Shah Latif Press Club. The growers were led by Muhammad Yaqoob Ahmedani, Tarique, Muhammad Yasin and
Published 24 May, 2008 12:00am
Hyundai plans to introduce Packaged Power Station

Hyundai plans to introduce Packaged Power Station

Korea's leading general trade company, the Hyundai Corporation intends to introduce Packaged Power Station (PPS) as a possible prompt solution to the prevailing power crisis. The General Manager and Country Representative of Hyundai Corporation in Karachi
Published 24 May, 2008 12:00am
NWFP government may appoint price-checking magistrates

NWFP government may appoint price-checking magistrates

The NWFP government is likely to amend consumer protection law to pave the way for appointment of price checking magistrates in all districts of the province, official sources told Business Recorder on Friday.
Published 24 May, 2008 12:00am
Three killed over land dispute

Three killed over land dispute

Three persons were killed over a land dispute at Nika Khurd village in a surrounding area of Jhelum. According to police sources, five accused including Barkat Ali opened indiscriminate firing on Ghulam Nabi, Mutloob Hussain s/o Ghulam Rasool and Abdul Qa
Published 24 May, 2008 12:00am
Batch of 200 troops leaves for Liberia

Batch of 200 troops leaves for Liberia

A batch of 200 troops left here on Friday on UN mission for restoration of peace in war ravaged Liberia. Brigadier Muhammad Imran Zafar bade farewell to troops at the Allama Iqbal International Airport, said ISPR sources. Speaking on the occasion, Brigadi
Published 24 May, 2008 12:00am
India tactically distorting facts of Kashmir dispute

India tactically distorting facts of Kashmir dispute

In occupied Kashmir, Senior Kashmiri Hurriyat Leader Syed Ali Gilani has said that India was using all the tactics to affect the seriousness and legitimacy of Kashmir dispute. In a statement in Srinagar, Syed Ali Gilani said that Kashmir was a disputed te
Published 24 May, 2008 12:00am
Nomination papers of Nawaz and Shahbaz challenged

Nomination papers of Nawaz and Shahbaz challenged

Muslim League-N chief Mian Nawaz Sharif's nomination papers from the constituencies Lahore NA-123 and Rawalpindi NA-52 besides Mian Shahbaz Sharif's from PP-10 have been challenged in the election tribunal of Lahore High Court (LHC).
Published 24 May, 2008 12:00am
Scouts urged to keep purity in thinking, speaking

Scouts urged to keep purity in thinking, speaking

Pakistan International Airlines (PIA) Director Administration and Provincial Scout Commissioner Mohammed Hanif Pathan has urged the scouts to have purity in what they think and speak.
Published 24 May, 2008 12:00am
NWFP to launch emergency ambulance service

NWFP to launch emergency ambulance service

The government of NWFP has decided to launch 'Emergency Ambulance Service' under 'Rescue 1122', as a pilot project in Peshawar on analogy of Punjab model. This facility would be gradually extended to other parts of the province.
Published 24 May, 2008 12:00am
Excavation of reti, bajri banned in CDGK limits

Excavation of reti, bajri banned in CDGK limits

City Nazim Syed Mustafa Kamal under section 144 CrPC has prohibited the excavation of Reti, Bajri, earth and stone within the limits of City District Government Karachi. The order will come into force with immediate effect and remain in force for a period
Published 24 May, 2008 12:00am
Lawyers continue courts' boycott, stage rally

Lawyers continue courts' boycott, stage rally

The lawyers' community observed complete boycott of the courts and took out rally at the Mall here on Thursday and demanded the restoration of pre- November 03 judiciary. The members of Lahore Bar Association (LBA) from Aiwan-i-Ald, joined their peers fro
Published 24 May, 2008 12:00am
'PML-Q not to support slashing of President's powers'

'PML-Q not to support slashing of President's powers'

Pakistan Muslim League-Quaid (PML-Q) leadership has shown some inclination on the proposed constitutional amendment package of the PPP-led coalition government but decided not to support the amendments aimed at curtailing the powers of President vis-à-vis
Published 24 May, 2008 12:00am
Medical teachers urged to follow code of conduct

Medical teachers urged to follow code of conduct

Secretary Health Punjab, Anwaar Ahmad Khan, has urged the medical teachers to strictly follow professional code of conduct while performing their duties that is essential to upgrade the standard of medical education at par with developed countries.
Published 24 May, 2008 12:00am
PML-Q inclined to vote on constitutional package

PML-Q inclined to vote on constitutional package

The Chaudhry brothers have finally softened their stance and shown inclination to vote the constitutional amendment package, currently under preparations through mutual consultation between the presidential camp and "un-elected" leaders of the Pakistan Pe
Published 24 May, 2008 12:00am
Punjab University symposium

Punjab University symposium

The School of Biological Sciences of Punjab University (PU) will organise a three-day international symposium on 'Glycoproteins in Health and Diseases' starting from May 27 to 29. PU sources informed Business Recorder the event is going to be a col
Published 24 May, 2008 12:00am
No compromise over merit in health, education sectors: Khosa

No compromise over merit in health, education sectors: Khosa

Punjab Chief Minister, Sardar Dost Muhammad Khosa, has urged not to compromise over merit, especially, in the sectors of education and health and said that the provincial government is evolving a comprehensive programme for fully benefiting from the talen
Published 24 May, 2008 12:00am
Anti-democratic elements active against government: Nawaz

Anti-democratic elements active against government: Nawaz

Quaid of his own faction of Pakistan Muslim League Nawaz Sharif on Friday said anti-democratic elements were active in building pressure against the new democratic government. Nawaz vowed that they would play their due role for the restoration of judiciar
Published 24 May, 2008 12:00am
Rain, rivers inflow improve water situation

Rain, rivers inflow improve water situation

Though the country still faces about 40 percent shortage of water for sowing the two main foreign exchange earning crops, cotton and rice, the water situation slightly improved on Thursday with scattered rains in the Central Punjab and rising inflow in th
Published 24 May, 2008 12:00am
Rs 3.8 million spent on maintenance of water channels

Rs 3.8 million spent on maintenance of water channels

Senior Minister and Minister for Irrigation and Power Raja Riaz Ahmed has said 84 farmers' organisations of the Area Water Board and Lower Chenab Canal (East) circle have spent Rs 3.8 million on repairing and maintenance water channels.
Published 24 May, 2008 12:00am
'Per capita water availability reduces to alarming figure'

'Per capita water availability reduces to alarming figure'

Per capita water availability in Pakistan reduced to an alarming figure of 1070 cubic meter in 2007 while the country has lost the storage capacity equivalent to 5.13 MAF due to silting in the reservoirs of Tarbela, Mangla and Chashma.
Published 24 May, 2008 12:00am
LCCI slams imposition of 35 percent margin on letter of credit

LCCI slams imposition of 35 percent margin on letter of credit

The Lahore Chamber of Commerce and Industry (LCCI) on Friday criticised the imposition of 35 percent margin on letter of credit and hike in the interest rate saying that these steps would prove a big blow to the already crippled economy of the country.
Published 24 May, 2008 12:00am
KBP warns government against police raids on farmers' houses

KBP warns government against police raids on farmers' houses

Kisan Board Pakistan (KBP) President Sardar Zafar Hussain Khan has warned the government of lodging dacoity case against it if police raids on the houses of farmers for forcibly seizing wheat were not stopped. In a statement issued on Thursday he also war
Published 24 May, 2008 12:00am
CPSP workshop on 'education planning and evaluation' held

CPSP workshop on 'education planning and evaluation' held

The College of Physician and Surgeons of Pakistan (CPSP) offers the best possible training and educational facilities to the medical teachers, said the President, CPSP, Professor Zafarullah Chaudhry in a workshop on 'education planning and evaluation' for
Published 24 May, 2008 12:00am
MBBS second professional exams

MBBS second professional exams

The Controller of Examinations, Liaquat University of Medical and Health Sciences Jamshoro, announced on Friday that MCQ theory programme of second profession MBBS biannual examinations 2008 will begin on June 17, 2008.
Published 24 May, 2008 12:00am
Pakistani students win Intel ISEF special award

Pakistani students win Intel ISEF special award

A group project titled, "Novel drug therapy of silver nano particles to cure M.R.S.A. infections" by students from Aga Khan Higher Secondary School, Karachi, was displayed at the Intel International Science and Engineering Fair (ISEF) 2008, held at Atlant
Published 24 May, 2008 12:00am
DCC fines travel agent, shop owners

DCC fines travel agent, shop owners

The District Consumer's Court (DCC) while attending to a string of customers' complaints on Friday has fined travel agent and shop owners. Abdul Majeed, a complainant claimed that one Fargeuz Zubair had received Rs 30, 000, a passport and an identity card
Published 24 May, 2008 12:00am
Petition against wheat procurement adjourned till May 30

Petition against wheat procurement adjourned till May 30

The Lahore High Court on Friday adjourned, till May 30 2008, hearing of a petition filed against the wheat procurement policy of the Punjab government. Petitioner Mohammad Farooque Bajwa has taken the plea that the Food Department of Punjab government and
Published 24 May, 2008 12:00am
Budget will be poor-friendly: minister

Budget will be poor-friendly: minister

Punjab Finance, Planning and Development Minister Tanvir Ashraf Kaira has said poor, salaried class and farmers will get relief in the coming budget for the fiscal year 2008-09, saying, "Our main focus would be to give target subsidy to the poor in the bu
Published 24 May, 2008 12:00am
Cold-blooded murder of journalist condemned

Cold-blooded murder of journalist condemned

Chairman Senate, Mohammedmian Soomro, Acting Chairman Senate, Jan Muhammad Khan Jamali and Chairman Senate Standing Committee on Information and Broadcasting, Liaquat Ali Bangulzai on Friday strongly condemned the murder of a correspondent for Express
Published 24 May, 2008 12:00am
'Time' features Qarshi's 'Johar Joshanda'

'Time' features Qarshi's 'Johar Joshanda'

Time, the world's leading newsweekly, in its cover story of May 5, 2008, has featured Qarshi's Johar Joshanda in its 'The Best of Asia' section. This is a singular honour for Pakistan and a matter of pride for Qarshi Industries. Time Reporte
Published 24 May, 2008 12:00am
Citibank to distribute KASB mutual fund range

Citibank to distribute KASB mutual fund range

Citibank, N.A. Pakistan on Friday announced the launch of the distribution of mutual funds managed by KASB Funds Limited through its 23 branch network. Aftab Ahmed, Country Business Manager, Global Consumer Group, Citibank N.A. Pakistan said: 'We have a s
Published 24 May, 2008 12:00am
Citibank to distribute KASB mutual fund range

Citibank to distribute KASB mutual fund range

Citibank, N.A. Pakistan on Friday announced the launch of the distribution of mutual funds managed by KASB Funds Limited through its 23 branch network. Aftab Ahmed, Country Business Manager, Global Consumer Group, Citibank N.A. Pakistan said: 'We have a s
Published 24 May, 2008 12:00am
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