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Print - 2008-05-26
Ad-based mobile phone firm launched in Philippines

Ad-based mobile phone firm launched in Philippines

Asia's first mobile phone service to be funded largely by advertising was launched in the Philippines on Monday, company officials said. Called the U-mobile service it will offer services to invitation-only subscribers virtually free of charge depending o
Published 26 May, 2008 12:00am
Liberty Global mulling WiMax partnerships

Liberty Global mulling WiMax partnerships

Frustrated by the slow take-off of WiMax, the emerging high-speed wireless technology, Liberty Global Inc will consider partnerships like the US venture between Sprint Nextel Corp and Clearwire Corp, Liberty Chief Executive Mike Fries said on Wednesday.
Published 26 May, 2008 12:00am
AOL launches video portal in India, Taiwan, Canada

AOL launches video portal in India, Taiwan, Canada

Time Warner Inc's AOL Internet division will launch versions of its video service in Canada, India and Taiwan on Thursday as part of an aggressive global expansion. By autumn, it will also introduce versions of its video portal in the United Kingdom, Fran
Published 26 May, 2008 12:00am
In Short: hydrogen-powered phones on the horizon

In Short: hydrogen-powered phones on the horizon

French researchers said on Wednesday they had invented a hydrogen fuel cell as a backup power source for mobile phones, thus easing dependence on an electricity supply to charge the gadget.
Published 26 May, 2008 12:00am
Qatar's $40 billion property firm eyes Far East, Europe

Qatar's $40 billion property firm eyes Far East, Europe

Qatar's $40 billion property investment arm said on May 21 it had bought a French industrial firm for 1.5 billion euros, planned to develop a $2 billion project in Hong Kong and had set up a $3 billion global fund.
Published 26 May, 2008 12:00am
Sanyo posts first profit in four years

Sanyo posts first profit in four years

Japan's Sanyo Electric Co reported its first annual net profit in four years on May 22 after drastic streamlining helped return the struggling electronics maker to the black. The Osaka-based company expects further bottom line growth this year on the back
Published 26 May, 2008 12:00am
Sanyo posts first profit in four years

Sanyo posts first profit in four years

Japan's Sanyo Electric Co reported its first annual net profit in four years on May 22 after drastic streamlining helped return the struggling electronics maker to the black. The Osaka-based company expects further bottom line growth this year on the back
Published 26 May, 2008 12:00am
UK's Picsel plans IPO

UK's Picsel plans IPO

Picsel Technologies, a Scottish provider of software to leading mobile phone makers, plans to float early next year to help expand its business beyond Asia, the company's head said on May 23. "If our commercial success is borne out with our new products,
Published 26 May, 2008 12:00am
Zambia sees foreign investment doubling in 2008

Zambia sees foreign investment doubling in 2008

Zambia sees foreign direct investment doubling in 2008 to $3 billion, with dependence on China being diluted by new investments from India, Malaysia, South Africa and emerging African powerhouse Nigeria.
Published 26 May, 2008 12:00am
Top Thai fund looks overseas for returns

Top Thai fund looks overseas for returns

Thailand's Government Pension Fund (GPF), the biggest state fund, aims to increase its offshore exposure to over a fifth of its total portfolio by the year-end, its head said on May 22.
Published 26 May, 2008 12:00am
Top Thai fund looks overseas for returns

Top Thai fund looks overseas for returns

Thailand's Government Pension Fund (GPF), the biggest state fund, aims to increase its offshore exposure to over a fifth of its total portfolio by the year-end, its head said on May 22.
Published 26 May, 2008 12:00am
ArcelorMittal to use own funds in Indonesia

ArcelorMittal to use own funds in Indonesia

ArcelorMittal SA, the world's largest steel-maker, would be able to fund its planned investment in Indonesia of up to $10 billion internally, a senior company executive told Reuters on May 20.
Published 26 May, 2008 12:00am
DNA plans listing, despite tough market

DNA plans listing, despite tough market

Finland's third-largest telecom operator DNA has seen price competition getting fiercer but the newly consolidated group is still ready to go public this year, its chief executive said.
Published 26 May, 2008 12:00am
Dell sees robust Asia growth

Dell sees robust Asia growth

Dell Inc, the world's No 2 personal computer maker, expects to continue to grow at several times the industry's growth rate in Asia and emerging markets, on robust demand, Steve Felice, president of its Asia-Pacific/Japan operations, said on May 19.
Published 26 May, 2008 12:00am
Dell sees robust Asia growth

Dell sees robust Asia growth

Dell Inc, the world's No 2 personal computer maker, expects to continue to grow at several times the industry's growth rate in Asia and emerging markets, on robust demand, Steve Felice, president of its Asia-Pacific/Japan operations, said on May 19.
Published 26 May, 2008 12:00am
European companies take care of credit ratings

European companies take care of credit ratings

Credit ratings on European non-financial companies may turn out to be an unlikely source of stability in the market maelstrom, with firms appearing to be taking great care to preserve their credit quality. The trend is in sharp contrast to the corporate d
Published 26 May, 2008 12:00am
European companies take care of credit ratings

European companies take care of credit ratings

Credit ratings on European non-financial companies may turn out to be an unlikely source of stability in the market maelstrom, with firms appearing to be taking great care to preserve their credit quality. The trend is in sharp contrast to the corporate d
Published 26 May, 2008 12:00am
Iran aims to raise oil output by March: agency

Iran aims to raise oil output by March: agency

Iran will seek to boost its oil output to 4.3 million barrels per day (bpd) by next March from 4.2 million bpd now, the head of the state oil company was quoted as saying on Sunday.
Published 26 May, 2008 12:00am
Moody's assigns Baa2 rating to SHUAA Capital

Moody's assigns Baa2 rating to SHUAA Capital

SHUAA Capital, the region's leading financial services institution, today announces that it has been assigned a long term issuer rating of Baa2. This rating ranks SHUAA Capital among the top 20 global securities firms rated by Moody's Investor Service.
Published 26 May, 2008 12:00am
Moody's assigns Baa2 rating to SHUAA Capital

Moody's assigns Baa2 rating to SHUAA Capital

SHUAA Capital, the region's leading financial services institution, today announces that it has been assigned a long term issuer rating of Baa2. This rating ranks SHUAA Capital among the top 20 global securities firms rated by Moody's Investor Service.
Published 26 May, 2008 12:00am
Dana Gas revenues grow 35 percent

Dana Gas revenues grow 35 percent

Dana Gas PJSC, the Middle East's first and largest regional private sector natural gas company, has announced results for the quarter ended 31 March 2008, posting growing revenues from oil and gas production of AED 272 million, a 35% increase over the sam
Published 26 May, 2008 12:00am
Banks to blame for sub-prime crisis, says Buffett

Banks to blame for sub-prime crisis, says Buffett

Blame for the sub-prime crisis lies at the feet of banks who took too many risks in mortgage lending, US billionaire investor Warren Buffett told newspaper El Pais in an interview published on Sunday.
Published 26 May, 2008 12:00am
Thailand to supply Manila rice if shortage looms

Thailand to supply Manila rice if shortage looms

Thailand is willing to supply the Philippines rice in a government-to-government deal only if Manila faces a shortage of the staple, Prime Minister Samak Sundaravej said on Sunday.
Published 26 May, 2008 12:00am
Algeria and Libya sign production share accord

Algeria and Libya sign production share accord

A consortium led by Algeria's Sonatrach state energy conglomerate signed an accord with Libya's National Oil Corporation (NOC) on Sunday to explore a permit area in Libya, Sonatrach said.
Published 26 May, 2008 12:00am
Afghanistan, Chinese firm sign copper mine deal

Afghanistan, Chinese firm sign copper mine deal

The Afghan government and a Chinese state company on Sunday signed a multi-billion-dollar deal for the exploration of a copper deposit said to be one of the largest in the world.
Published 26 May, 2008 12:00am
China quake boost for heavy equipment seen modest

China quake boost for heavy equipment seen modest

It's being characterised as the worst natural disaster to strike the world's most populous country in three decades and it has left an estimated 5 million people homeless.
Published 26 May, 2008 12:00am
EU's trade chief faces rough ride over WTO talks

EU's trade chief faces rough ride over WTO talks

European trade chief Peter Mandelson will face increased opposition from EU foreign ministers on Monday when he tells them how he will try to keep struggling global trade negotiations alive.
Published 26 May, 2008 12:00am
Emirates NBD eyes RBS stake in Saudi affiliate

Emirates NBD eyes RBS stake in Saudi affiliate

Emirates NBD, the Gulf's largest lender, said it was interested in buying Royal Bank of Scotland's (RBS) stake in Saudi Hollandi Bank to tap retail business in the world's largest oil exporter. "We are interested in the stake," Dubai-based Emirates NBD Ch
Published 26 May, 2008 12:00am
British and US trade unions to merge: report

British and US trade unions to merge: report

Britain's biggest trade union is set to announce a merger with a US counterpart to eventually create the first global labour organisation, a British press report said Sunday. The planned tie-up between Britain's Unite and United Steelworkers (USW) in the
Published 26 May, 2008 12:00am
Sri Lanka raises fuel prices, Bangladesh plans hike

Sri Lanka raises fuel prices, Bangladesh plans hike

Sri Lanka raised fuel prices and Bangladesh said it planned a hike soon, the latest Asian nations to find they can no longer afford to shield their consumers from soaring world oil prices.
Published 26 May, 2008 12:00am
Singapore shares likely to fall further

Singapore shares likely to fall further

Singapore share prices are expected to fall further on concerns that soaring inflation and soaring oil prices would curtail economic growth, analysts said. Singapore's annual inflation rate rose to a new 26-year high of 7.5 percent in April as food, housi
Published 26 May, 2008 12:00am
JGBs sink on hefty bank selling, inflation jitters

JGBs sink on hefty bank selling, inflation jitters

Japanese government bonds tumbled on Friday and benchmark yields soared to a nine-month high as more investors slashed their exposure to debt, fretting that high market volatility would further damage their portfolios.
Published 26 May, 2008 12:00am
JGBs sink on hefty bank selling, inflation jitters

JGBs sink on hefty bank selling, inflation jitters

Japanese government bonds tumbled on Friday and benchmark yields soared to a nine-month high as more investors slashed their exposure to debt, fretting that high market volatility would further damage their portfolios.
Published 26 May, 2008 12:00am
Thai shares expected to move higher

Thai shares expected to move higher

Thai share prices are set to continue rising next week as investors expect a healthy report on the country's economic growth, dealers said Friday. "The market is likely to carry on its positive momentum next week. Investors are expecting good news about t
Published 26 May, 2008 12:00am
Taiwan shares may fall further on oil price concerns

Taiwan shares may fall further on oil price concerns

Taiwan share prices are expected to extend losses next week as market sentiment has been dampened by worries over soaring international crude oil prices, dealers said Friday. Concerns over Wall Street performances amid fears of a US economic recession are
Published 26 May, 2008 12:00am
Indian shares expected to be volatile amid fuel cost hike

Indian shares expected to be volatile amid fuel cost hike

Indian shares are expected to be volatile next week amid concerns about rising inflation and oil prices, dealers said. They said investor sentiment was weak on reports of a possible fuel cost hike, led by higher global crude oil prices.
Published 26 May, 2008 12:00am
Wall Street bracing for darker outlook amid oil surge

Wall Street bracing for darker outlook amid oil surge

As Americans kick off vacation season, Wall Street is bracing for a darker outlook with surging oil prices likely to crimp an economic recovery and the Federal Reserve sounding increasingly hawkish. The stock market, which had been on a strong run in Apri
Published 26 May, 2008 12:00am
Philippines shares to depend on US stocks

Philippines shares to depend on US stocks

The movement of Philippines shares will depend on the performance of the US stock market and oil prices, dealers said on Friday. "It depends on Wall Street and oil prices," said Spencer Yap of the BPI Securities Corp. He said the Philippine market recover
Published 26 May, 2008 12:00am
Hong Kong shares to take lead from US economic news

Hong Kong shares to take lead from US economic news

Hong Kong share prices are likely to be largely driven by news of the US economy in the coming week, dealers said. For the week to May 23, the Hang Seng Index closed at 24,714.07, down 904.79 points or 3.53 percent. Jackson Wong, investment manager at Tan
Published 26 May, 2008 12:00am
Seoul shares may face further correction

Seoul shares may face further correction

South Korea's stock market is likely to experience a further correction next week amid lingering jitters over high oil prices, analysts said Friday. "The market is likely to undergo a further correction next week," Dongbu Securities analyst Lim Dong-Min s
Published 26 May, 2008 12:00am
Malaysian shares expected to trade lower

Malaysian shares expected to trade lower

Malaysian shares are likely to trade lower as sentiment remains negative on concerns over the global economic outlook as oil prices remain high, analysts said Friday. "The local bourse will likely continue to consolidate going forward. The US economy does
Published 26 May, 2008 12:00am
Jakarta shares to remain volatile: analyst

Jakarta shares to remain volatile: analyst

The Indonesian stock market will remain volatile on concerns over soaring global oil prices and fears of unrest caused by a planned fuel price hike at home, an analyst said on Friday.
Published 26 May, 2008 12:00am
Australian shares may decline amid fears

Australian shares may decline amid fears

The Australian share market is expected to fall sharply amid fears about interest rate rises, inflation, oil prices and the global credit crunch, dealers said Friday. For the week ending May 23, the benchmark S&P/ASX 200 fell 163 points or 2.8 percent to
Published 26 May, 2008 12:00am
Tokyo equities expected to lose ground

Tokyo equities expected to lose ground

Japanese shares might lose further ground in the coming week as international hedge funds adjust their positions before they report their earnings this month, analysts said on Friday. Stocks may come under pressure also due to a lack of fresh buying incen
Published 26 May, 2008 12:00am
Strong aftershock causes more misery in China

Strong aftershock causes more misery in China

A strong aftershock jolted south-west China on Sunday killing at least one person and injuring 400 others, state media said, nearly a fortnight after an earthquake killed tens of thousands in the same area.
Published 26 May, 2008 12:00am
Carter sees superdelegates prompting Clinton to quit

Carter sees superdelegates prompting Clinton to quit

Former US President Jimmy Carter said on Sunday he expects Democratic superdelegates to reveal their choice for presidential nominee soon after the final primary in June and that Hillary Clinton will then have to quit the race.
Published 26 May, 2008 12:00am
Olmert says Israel serious about peace with Syria

Olmert says Israel serious about peace with Syria

Israeli Prime Minister Ehud Olmert said on Sunday that indirect peace talks with Syria, a process begun more than a year ago and confirmed this week, will be conducted seriously and in secrecy.
Published 26 May, 2008 12:00am
Iran hails Syria ties: IRNA

Iran hails Syria ties: IRNA

Iran's defence minister hailed his country's "strategic ties" with Syria on Sunday, just days after Israel called on Damascus to distance itself from Tehran, Iran's official IRNA news agency reported.
Published 26 May, 2008 12:00am
Iraqi baby found alive inside cloak of dead woman

Iraqi baby found alive inside cloak of dead woman

An Iraqi baby boy was found alive on Saturday inside the cloak of either his mother or aunt after both women had been shot dead execution style in northern Iraq, a local police official said.
Published 26 May, 2008 12:00am
Obama, McCain have 'righteous' problems

Obama, McCain have 'righteous' problems

US Republican presidential candidate John McCain has a "Religious Right" problem. His likely Democratic rival, Barack Obama, has a Rev. Wright problem. In a country where high levels of belief and church attendance often translate into a major role for re
Published 26 May, 2008 12:00am
Suicide blast hits Nato convoy in Afghan south

Suicide blast hits Nato convoy in Afghan south

A suicide car bomber struck a Nato convoy near an alliance base in the southern Afghan city of Kandahar on Sunday, killing one local civilian, witnesses and a police officer said. Three Nato soldiers were wounded in the blast, a spokesman for the force sa
Published 26 May, 2008 12:00am
Iraq holy city tells US it wants alms, not arms

Iraq holy city tells US it wants alms, not arms

Iraq's holiest city of Najaf had a blunt message for visiting US Ambassador Ryan Crocker-your arms are not welcome here, but your alms certainly are. Najaf governor Assad Sultan Abu Gelal said he did not want the United States to replicate in his province
Published 26 May, 2008 12:00am
Indian opposition BJP wins Karnataka state poll

Indian opposition BJP wins Karnataka state poll

India's main opposition party, the Hindu-nationalist Bharatiya Janata Party (BJP), has won an election in the southern state of Karnataka, extending a winning streak ahead of a national vote due by early 2009.
Published 26 May, 2008 12:00am
Iraqi governor survives assassination attempt

Iraqi governor survives assassination attempt

The governor of Babylon province survived an assassination attempt in Baghdad on Sunday when a car bomb killed one of his bodyguards and wounded nine people, Iraqi security sources said. The device exploded at around 1 pm (1000 GMT) as Salem Musalamawi's
Published 26 May, 2008 12:00am
Rising prices

Rising prices

The whole nation is fed up with the sharp increase in the prices of essential items. It is an open secret. But the other major negative development is lesser purchasing power of the people. Fruit and vegetable sellers noted it since the rates of the essen
Published 26 May, 2008 12:00am
The helpless

The helpless

The nation worked very hard to acquire democracy, which came unexpectedly and with surprising results, after great sacrifices. The oppressed millions heaved a sigh of relief because they thought that now there will be employment, the prices of the basic n
Published 26 May, 2008 12:00am
ROVER'S DIARY: political battle turning into an all-out war

ROVER'S DIARY: political battle turning into an all-out war

Get ready for the long nail-biting climax of the political final match. Forget IPL. Stay tuned and hate the commercial breaks as you don't know which way the game is going to go this time. Everybody wants this game to finish as early as possible.
Published 26 May, 2008 12:00am
Privatisation of Hazara phosphate fertilisers

Privatisation of Hazara phosphate fertilisers

The government, immediately on taking over, has declared to "completely reverse" the economic policies pursued by the previous government and to formulate new pragmatic policies. It will, however, continue with the privatisation of the state-owned enterpr
Published 26 May, 2008 12:00am
Of markets and their imperfections in Pakistan

Of markets and their imperfections in Pakistan

International donor agencies have a set prescription for reform: allow the market to set the price; dictation of price through government decree is what these agencies are almost congenitally opposed to.
Published 26 May, 2008 12:00am
Expedite dam construction work

Expedite dam construction work

There is little disagreement on that we need to build both small and large dams to prevent water wastage and to generate cheap hydel power to meet this country's fast growing energy deficit. The last government has been long on the rhetoric vis-à-vis a nu
Published 26 May, 2008 12:00am
Is relic the roadblock?

Is relic the roadblock?

It is not in his character but this time PPP Co-Chairman Asif Ali Zardari has spoken with rare openness, foreboding dangerous times ahead for the country. First it was his interview with the Press Trust of India and then his press conference on Saturday w
Published 26 May, 2008 12:00am
Sherry for stakeholders' dialogue on constitutional package

Sherry for stakeholders' dialogue on constitutional package

A stakeholder dialogue will be initiated with regard to the constitutional package prepared by the Pakistan Peoples Party (PPP). This was stated by the Federal Minister for Information and Broadcasting, Ms Sherry Rehman, here on Sunday.
Published 26 May, 2008 12:00am
Food and vegetable processing centre for Sialkot

Food and vegetable processing centre for Sialkot

Local business community has decided to establish "Food and Vegetable Processing/Packing" Centre in close proximity to Sialkot International Airport. The setting up of common facility centre for fruit and vegetable processing would open new avenue for the
Published 26 May, 2008 12:00am
Government wants supremacy of Parliament: Qureshi

Government wants supremacy of Parliament: Qureshi

Foreign Minister Makhdoom Shah Mehmood Qureshi has said that mutual brotherhood and unity is needed in the country and PPP is adopting the policy of mutual consultation to solve the problems of the country to take it out from the crisis. He said this whil
Published 26 May, 2008 12:00am
Thousands to attend Hazrat Bari Imam urs

Thousands to attend Hazrat Bari Imam urs

Thousands of followers of Hazrat Bari Imam (R.A) on Sunday reached to participate in the annual Urs celebrations of great saint Syed Abdul Latif Kazmi (RA), known as Bari Imam. These devotees belonging to different parts of the country are participating i
Published 26 May, 2008 12:00am
Jamat-e-Islami to hold conference today

Jamat-e-Islami to hold conference today

Jamat-e-Islami (JI) will hold a conference of political leadership, trade unionists, traders, labour leaders to discuss problems being faced by people in NWFP including law and order situation, price hike, flour crisis, electricity shortage etc. According
Published 26 May, 2008 12:00am
Avalanches flood nearby areas in Hunza

Avalanches flood nearby areas in Hunza

Avalanches at Hasni valley of upper Hunza breaking out twice in four days have flooded nearby areas ceasing all traffic between Gilgit and China on Karakoram Highway.
Published 26 May, 2008 12:00am
Two-month ban imposed on net fishing

Two-month ban imposed on net fishing

The Fisheries Department Punjab has imposed a complete ban on all kinds of net fishing during breeding season across the province from June 01 till August 31.
Published 26 May, 2008 12:00am
Governor expresses grief over loss of lives in Swat

Governor expresses grief over loss of lives in Swat

NWFP Governor, Owais Ahmed Ghani has expressed his heartfelt condolence over loss of precious lives due to lightening and torrential rains in Swat.In his condolence message issued here on Sunday, the Governor while expressing his deep sympathies with the
Published 26 May, 2008 12:00am
Judicious water distribution planned

Judicious water distribution planned

Following an acute water shortage in the main Rohri Canal, the Irrigation department has chalked out a water rotation programme for judicious distribution of water to the growers, the Executive Engineer, Irrigation, Naseer, Hyderabad Division said this on
Published 26 May, 2008 12:00am
No Haj balloting this year: official

No Haj balloting this year: official

The Secretary, Ministry of Religious Affairs, Vakil Ahmed Khan has said that there would not be any balloting to select pilgrims under the government scheme this year. The applications would be invited through designated branches of banks on first come fi
Published 26 May, 2008 12:00am
Release of Rehmat Shah hailed

Release of Rehmat Shah hailed

Multan Union of Journalists, Editor Council Multan and civil society members have widely hailed the release of Frontier Post Editor-in-Chief Rehmat Shah Afridi describing it a good act.
Published 26 May, 2008 12:00am
Basmati 'geographical indication' registered

Basmati 'geographical indication' registered

The application of Basmati Growers Association (BGA) for registration of Basmati as geographical indication has been accepted by the Trade Marks Registrar (TMR), Government of Pakistan.
Published 26 May, 2008 12:00am
'Government committed to minorities' welfare'

'Government committed to minorities' welfare'

Punjab Senior Minister Raja Riaz Ahmad has said the government is committed to the welfare of all human beings, adding the government respects the followers of all religions who enjoy all social as well as constitutional rights in the country. Pakistan ha
Published 26 May, 2008 12:00am
National reconciliation cry of the day: Rana Iqbal

National reconciliation cry of the day: Rana Iqbal

Punjab Assembly Speaker Rana Muhammad Iqbal has said that national reconciliation in the country is cry of the day and forging of unity is indispensable to get rid of dictatorship. Addressing the inaugural ceremony of a medical camp set up by a local orga
Published 26 May, 2008 12:00am
Education must for women empowerment: CWL

Education must for women empowerment: CWL

The speakers at the International Conference on Women Leadership (CWL) called that education is basic factor for women empowerment. They must educate themselves to face global challenges. The Conference was held on Sunday at a local hotel, organised by th
Published 26 May, 2008 12:00am
CPJ, PFUJ denounce killing of journalist in Bajaur

CPJ, PFUJ denounce killing of journalist in Bajaur

A New York-based journalist protection organisation has denounced the killing of a private TV channel reporter in the volatile Bajaur tribal region, near the border with Afghanistan.
Published 26 May, 2008 12:00am
Nawaz needs no clearance to visit Sindh: Marri

Nawaz needs no clearance to visit Sindh: Marri

Sindh Minister for Information Shazia Marri has said that Mian Nawaz Sharif does not need to get clearance from Sindh government for the visit of Sindh as he being a Pakistani and a leader of a big political party has a right to go every corner of the cou
Published 26 May, 2008 12:00am
PMA to hold 'Tobacco free youth' seminar

PMA to hold 'Tobacco free youth' seminar

The Pakistan Medical Association (PMA) in collaboration with the Pakistan Chest Society, Sindh will organise 'Tobacco free youth', a seminar on tobacco related disorders on May 29, the PMA sources announced. They said that the theme of the seminar was a p
Published 26 May, 2008 12:00am
Two held in murder case of Aftab Mallah

Two held in murder case of Aftab Mallah

The Tando Bago police arrested Ali Nawaz Mallah, step father of the deceased, Mohammed Mallah and Shabir in murder case of Aftab Mallah, 12. The suspects accepted their crimes before journalists during a press conference arranged by Tando Bago Police.
Published 26 May, 2008 12:00am
IHC decided 480 cases last week

IHC decided 480 cases last week

Islamabad High Court (IHC) during the last week (from May 19 to May 23) has decided a total of 480 cases. A total of 970 cases were fixed out of which 480 were decided by the five Single and two Division Benches.
Published 26 May, 2008 12:00am
Punjab expands FS&PEP

Punjab expands FS&PEP

Food Security and Productivity Enhancement Programme (FS&PEP) of small farmers has been expanded to 1012 villages costing Rs 100 million in Punjab. A spokesman of Agriculture department on Sunday told Business Recorder here that federal, provincial
Published 26 May, 2008 12:00am
SBP moves affect price volatility

SBP moves affect price volatility

There seems no respite in surge in some essential items' prices as suppliers/traders have turned deaf ear to the message authorities are trying to convey to them, despite world scenario depicting not as critical, some visitors to commodities wholesale mar
Published 26 May, 2008 12:00am
Cultural ties between Germany, Sindh to be strengthened: envoy

Cultural ties between Germany, Sindh to be strengthened: envoy

Consul General of the Federal Republic of Germany in Karachi, Hans Joachim Kiderlen has said that cultural relations between Germany and Sindh would be further strengthened through academic linkages for sustainable relations in future.
Published 26 May, 2008 12:00am
Government spending Rs one billion on agriculture research

Government spending Rs one billion on agriculture research

The Punjab government is spending Rs one billion to overcome food crisis and attaining self-sufficiency by adopting modern scientific methodology in agriculture sector. This was stated by Chief Executive, Punjab Agriculture Research Board (PARB) Dr Mubari
Published 26 May, 2008 12:00am
Gilani condoles with Maqbool

Gilani condoles with Maqbool

Prime Minister Syed Yousuf Raza Gilani here on Sunday visited the house of former Punjab Governor Lieutenant General Khalid Maqbool (Retd) to condole the death of his sister and brother-in-law. Punjab Senior Minister Raja Riaz Ahmed and PPP Lahore Preside
Published 26 May, 2008 12:00am
Minister to visit FGC

Minister to visit FGC

The Senior Minister Punjab, Raja Riaz Ahmed will visit the Faisalabad Garment City (FGC) project site on Monday. The project is being developed in the Value Addition City of the Faisalabad Industrial Estate Development and Management Company at 1.5 Km on
Published 26 May, 2008 12:00am
Setting up of modern tailoring institutes stressed

Setting up of modern tailoring institutes stressed

Former Chairman of Pakistan Readymade Garment Manufactures and Exporters Association (Prgmea) Ijaz Khokhar has stressed upon the government to set up modern "Tailoring Institutes" in various parts of the country to meet the needs of the industry.
Published 26 May, 2008 12:00am
Water level in dams to improve soon

Water level in dams to improve soon

Sources Irrigation Department have said that the deficiency of water in the canals of southern Punjab would be soon overcome. The water level in the dams has improved due to rains in northern areas and with the melting of ice on the glaciers.
Published 26 May, 2008 12:00am
MCCI suggests amendment in income tax ordinance 2001

MCCI suggests amendment in income tax ordinance 2001

The Multan Chamber of Commerce and Industry (MCCI) has proposed amendment in the existing income tax ordinance 2001 to make it friendly for the taxpayers. It also suggested appropriate changes to keep check on the use of powers of the Income Tax authoriti
Published 26 May, 2008 12:00am
MCCI suggests amendment in income tax ordinance 2001

MCCI suggests amendment in income tax ordinance 2001

The Multan Chamber of Commerce and Industry (MCCI) has proposed amendment in the existing income tax ordinance 2001 to make it friendly for the taxpayers. It also suggested appropriate changes to keep check on the use of powers of the Income Tax authoriti
Published 26 May, 2008 12:00am
New power and agriculture policies to be announced soon, says Gilani

New power and agriculture policies to be announced soon, says Gilani

The government would shortly announce new energy and agriculture policies to overcome the existing shortfall of power and prevailing food crisis. Prime Minister Yousuf Raza Gilani said this while talking to newspaper editors at the State Guest House here
Published 26 May, 2008 12:00am
LSE index sheds 359.14 points

LSE index sheds 359.14 points

The stock market treaded a downhill path losing 8.14 percent following more than one negative factors, notably lowering of Pakistan's rating by two international rating agencies as well as central bank's decision to increase interest rate during the outgo
Published 26 May, 2008 12:00am
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