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Print - 2008-05-27
Moving towards water famine

Moving towards water famine

Per capita availability of water in Pakistan has gone down to only 1,070 cubic meters, from around 5,000 cubic meters in 1949-50, while the country has lost water storage capacity equivalent to 5.13 MAF to silting at Tarbela, Mangla and Chashma, says a <i
Published 27 May, 2008 12:00am
Priorities for the budget

Priorities for the budget

The newly elected government is in the process of devising the budget for the forthcoming fiscal year: a challenge by all accounts, made doubly so with the fear of increasing political polarisation over the judges issue which may well pit the government a
Published 27 May, 2008 12:00am
NA-123 by-polls: PML-Q candidate withdraws nomination

NA-123 by-polls: PML-Q candidate withdraws nomination

A PML-Q ticketholder Mian Akhlaq Ahmad Guddu and opponent candidate of PML-N chief Mian Muhammad Nawaz Sharif, withdrew his nomination papers on Monday. Akhlaq withdrew his nomination from the office of Returning Officer Badruddin Chaudhry for the constit
Published 27 May, 2008 12:00am
US delegation calls on National Assembly Speaker

US delegation calls on National Assembly Speaker

National Assembly Speaker Dr Fahmida Mirza has said that Pakistan attaches great importance to its relations with the United States and both the countries share views and perceptions on regional and global issues. The Speaker was talking to three-member U
Published 27 May, 2008 12:00am
Lightning kills two in Swat

Lightning kills two in Swat

The incidents of lightening continued for second consecutive day in Swat district as two persons died and two houses were destroyed along with a mosque in different areas of the district here on Monday. According to details, after torrential rain in the a
Published 27 May, 2008 12:00am
Senate team attends Nato parliamentary session in Berlin

Senate team attends Nato parliamentary session in Berlin

Pakistan's parliamentary delegation led by Chairman Senate Muhammadmian Soomro attended the four-day Nato Parliamentary Assembly session on terrorism held in Berlin. They highlighted Pakistan's role in war against terrorism.
Published 27 May, 2008 12:00am
Mobile firms asked to provide SIMs only to identified persons

Mobile firms asked to provide SIMs only to identified persons

President Islamabad Chamber of Commerce and Industry (ICCI), Muhammad Ijaz Abbasi, in a meeting with Director Enforcement Colonel Shafiq Abbasi, has underlined the need for taking strict measures to control spread of mobile SIMs to unidentified persons.
Published 27 May, 2008 12:00am
PTA busts another illegal gateway exchange

PTA busts another illegal gateway exchange

Grappling with the issue of grey traffic resulting in financial losses of over Rs 3 billion annually, the Pakistan Telecommunication Authority (PTA) has busted another illegal gateway exchange operating in Karachi. According to details, the illegally set-
Published 27 May, 2008 12:00am
Altaf terms worldwide food shortage a 'silent tsunami'

Altaf terms worldwide food shortage a 'silent tsunami'

Altaf Hussain, founder and leader of Muttahida Qaumi Movement while addressing the political and religious parties and lawyers' organisations said that they should adapt the policy of reconciliation because the country is passing through a critical phase.
Published 27 May, 2008 12:00am
Slain journalist family: NWFP government awards plot

Slain journalist family: NWFP government awards plot

The NWFP government has announced to give one plot in Media Colony to the family of late Muhammad Ibrahim, a reporter of Express News who had been martyred some days back due to firing of unknown people at Bajaur.
Published 27 May, 2008 12:00am
CPSP, King Fahad Medical Hospital sign MoU

CPSP, King Fahad Medical Hospital sign MoU

The College of Physicians and Surgeons Pakistan, (CPSP) and King Fahad Medical Hospital (KFMH) inked a Memorandum of Understanding here on Monday. In the light of MoU, a FCPS-I doctor will be able to get the salary amounting 8,600 in Saudi Riyals with bac
Published 27 May, 2008 12:00am
Creekside sales fast gaining momentum

Creekside sales fast gaining momentum

Creekside - Karachi's new waterfront lifestyle and business icon - is a joint venture project by Abu Dhabi-based Injaz Mena Investment Company PSC and UK-based Global Haly Investment Limited. The joint venture project was officially announced under the ke
Published 27 May, 2008 12:00am
Power crisis worsens as BQPS Unit No 4 trips

Power crisis worsens as BQPS Unit No 4 trips

The difference between city's demand and supply of electricity increased up to 700MW on Monday, following the tripping of another power generating unit of Bin Qasim Power Station (BQPS).
Published 27 May, 2008 12:00am
Change in working hours

Change in working hours

A daylight saving time schedule is to come into effect on June 2, 2008, when clocks would be put ahead one hour. The practice apes those of countries situated in tropical or temperate zones in the north or south of the tropics, where summer time daylight
Published 27 May, 2008 12:00am
Turkish photographic exhibition

Turkish photographic exhibition

An exhibition of Turkish photographs will be organised in Hyderabad from May 28. The event is being organised by the Consulate General of the Republic of Turkey in Karachi. The exhibition titled " Turkey- an endless poem" is aimed at fostering awareness a
Published 27 May, 2008 12:00am
33 prisoners released under Prime Minister's package

33 prisoners released under Prime Minister's package

As many as 33 prisoners were released from Sindh jails after payment of a fine of Rs 1.6 million. The fines against them were paid and they were released from respective prisons under Prime Minister's special package whereby such prisoners who could not p
Published 27 May, 2008 12:00am
Food department pays over Rs 36 billion to wheat growers: minister

Food department pays over Rs 36 billion to wheat growers: minister

Punjab Food Minister Malik Nadeem Kamran has said the Food Department has paid Rs 36.89 billion as cost of wheat to wheat sellers by banks so far. While on the procurement side, the department has received over 2.4 million tonnes of wheat.
Published 27 May, 2008 12:00am
Need for public awareness against hepatitis stressed

Need for public awareness against hepatitis stressed

Provincial Minister for Culture, Youth Affairs and Sports Dr Tanveer-ul-Islam has said there is need for promoting public awareness regarding preventive measures against hepatitis. He was addressing a seminar on "hepatitis" arranged by the Punjab Health D
Published 27 May, 2008 12:00am
Zardari condemns opposition's 'conspiracy' against Sharifs

Zardari condemns opposition's 'conspiracy' against Sharifs

Pakistan People's Party (PPP) Co-Chairman Asif Ali Zardari has strongly condemned a suspected conspiracy by a top opposition leader to "manage" the rejection of former premier Nawaz Sharif and his brother's nomination papers for upcoming by-elections.
Published 27 May, 2008 12:00am
37 anti social elements arrested

37 anti social elements arrested

City police on Monday claimed to have arrested 37 suspects from different areas of the metropolis during snap checking and encounters. Police said huge quantity of weapons was also recovered from the suspects' possession including 20 pistols, two revolver
Published 27 May, 2008 12:00am
Commonwealth membership: Qureshi hails UK for its role

Commonwealth membership: Qureshi hails UK for its role

The Foreign Minister on Monday appreciated the role played by the United Kingdom for restoration of Pakistan's membership to the Council of Commonwealth. He also welcomed United Kingdom's support for Pakistan's economic development and security, which wou
Published 27 May, 2008 12:00am
Shaukat Khanum Hospital honoured

Shaukat Khanum Hospital honoured

Australian High Commissioner Zorica McCarthy on Monday gave a certificate of the International Food Safety System to Shaukat Khanum Memorial Cancer Hospital and Research Centre in a ceremony at the Hospital. An Australian-based certification body QMS-CS g
Published 27 May, 2008 12:00am
Pakistan mobile hospital due in China today

Pakistan mobile hospital due in China today

A mobile field hospital along with a team of doctors comprising orthopaedic surgeons and paramedic from Pakistan is due here on Tuesday to provide medical assistance to the affected people of May 12 devastating earthquake, said Pakistan's Charge d'Affairs
Published 27 May, 2008 12:00am
Salinity-hit land can be used for agricultural purposes

Salinity-hit land can be used for agricultural purposes

Professor, Dr M Ajmal Khan, Botany department, Karachi University, has said that salinity hit land can be converted to agricultural land with a little effort. He expressed his views during his presentation on "Halophytes: Non-conventional crop for saline
Published 27 May, 2008 12:00am
Sultan Qaboos University, UAF sign MoU

Sultan Qaboos University, UAF sign MoU

Sultan Qaboos University (SQU), Muscat (Oman) and University of Agriculture, Faisalabad (UAF), have signed a Memorandum of Understanding (MoU) in order to accelerate jointly the pace to enhance standard of education, research by improving institutional ca
Published 27 May, 2008 12:00am
ICS to start Master programme on film, TV production

ICS to start Master programme on film, TV production

Institute of Communication Studies (ICS) will start Master programme in film and television production in this academic year. This was stated by Director Institute of Communication Studies (ICS) while visiting students and teachers from department of medi
Published 27 May, 2008 12:00am
KCCI flays hike in discount rate, imposition of L/C margin

KCCI flays hike in discount rate, imposition of L/C margin

President Karachi Chamber of Commerce & Industry (KCCI) Shamim Ahmed Shamsi has criticised the recent increase in SBP key discount rates to 12.0 percent from 10.5 percent and imposition of 35 percent Letter of Credit (L/C) margin on imports.
Published 27 May, 2008 12:00am
Minister for establishment of more industrial units

Minister for establishment of more industrial units

Provincial Minister for Industry and Commerce Rauf Siddiqui has urged business community to make investment in the country and establish new industrial units so that more employment opportunities could be generated.
Published 27 May, 2008 12:00am
Dialogue between India and Pakistan failed to deliver: Yasin Malik

Dialogue between India and Pakistan failed to deliver: Yasin Malik

Senior Kashmiri leader and chief of Jammu and Kashmir Liberation Front (JKLF), Yasin Malik, arrived in Pakistan on Monday to participate in an exhibition in connection with "Safar-e-Azadi", a 114-day long journey which was carried by his party across the
Published 27 May, 2008 12:00am
UVAS holds course for core group master trainers

UVAS holds course for core group master trainers

22 core group master trainers from Balochistan, AJK, Fata and Northern Areas have completed an eight-day master trainers and subject specialist course organised by the Institute of Continuing Education and Extension, University of Veterinary and Animal Sc
Published 27 May, 2008 12:00am
Diesel, petrol consumption in power generation up

Diesel, petrol consumption in power generation up

The use of diesel and petrol in the electric generation has been increased up to five and two percent respectively of the total consumption. The additional use of diesel and petrol for the electricity generation is also pushing the import bill, while the
Published 27 May, 2008 12:00am
SECP suspends trading

SECP suspends trading

The Securities and Exchange Commission of Pakistan (SECP) has suspended trading by the Adil Polypropylene Products Limited (APPL) for another 60 days. The commission, exercising its powers under Section 9(7) of the 1969 Securities and Exchange Ordinance,
Published 27 May, 2008 12:00am
APCA protest to continue

APCA protest to continue

All Pakistan Clerks Association (APCA) in district Pakpattan observed a complete pen down strike on Monday to press for their demands in the backdrop of the current inflation and dearness.
Published 27 May, 2008 12:00am
Lawyers' long march from Multan on June 11

Lawyers' long march from Multan on June 11

The president of High Court Bar Association (SCBA), Multan, Mehmood Ashraf Khan, on Monday said that lawyers would start their countrywide protest and long march on June 11, from Multan, which is hometown of Prime Minister Yousuf Raza Gilani.
Published 27 May, 2008 12:00am
LHCBA sets up hunger strike camps

LHCBA sets up hunger strike camps

Lawyers boycotted courts proceedings and staged hunger strike camps for the restoration of 'deposed' judges on Monday. Lawyers and office-bearers of Lahore High Court Bar Association joined hunger strike camps vowing to continue their struggle for restora
Published 27 May, 2008 12:00am
Raise in interest rate criticised

Raise in interest rate criticised

The Chairman of Faisalabad Dry Port Trust, Ashfaq Ahmed, has strongly flayed the enhancement of bank mark-up by the State Bank of Pakistan on the pretext of curbing inflation, and said that this unwarranted increase would badly hit the crisis-ridden indus
Published 27 May, 2008 12:00am
Pakistan and Italy to further boost ties: envoy

Pakistan and Italy to further boost ties: envoy

Pakistan and Italy have reiterated their desire to further promote and intensify bilateral cooperation in the areas of trade, economy and particularly defence. This was discussed at a meeting between Federal Minister for Defence, Chaudary Ahmad Mukhtar, a
Published 27 May, 2008 12:00am
Government urged to take steps to rid country of crisis

Government urged to take steps to rid country of crisis

President Young Entrepreneurs Organisation (YEO) Syed Umer Nazar Shah, Senior Naib President Mohsin Cheema, Naib President Sheikh Javed and Media President Mian Danish Ayub, office-bearers of YEO and industrialists expressed their grave concern over the i
Published 27 May, 2008 12:00am
SPSC reconstituted

SPSC reconstituted

Sindh Government has reconstituted the Sindh Public Service Commission (SPSC) and ordered that existing Chairman and Members of the Commission shall cease to hold their offices with immediate effect.
Published 27 May, 2008 12:00am
Panama-registered coal ship rescued in open sea

Panama-registered coal ship rescued in open sea

KPT rescued Panama-registered ship AI-FULLQ-7 at open when it developed a hole in its forward hold and came towards Karachi seeking help. The ship carrying 2676 metric tons coal ash was on voyage to Doha. It last port of call was Kandla Port, India.
Published 27 May, 2008 12:00am
No plan to start Kalabagh dam project: Ashraf

No plan to start Kalabagh dam project: Ashraf

Federal Water and Power Minister Raja Pervez Ashraf has said that Kalabagh is a controversial dam and the government does not intend to start this project. "At the end of this year, Wapda will overcome the power crisis, since the government has started 2,
Published 27 May, 2008 12:00am
NTC budget proposals: cut in duty on chemical raw materials sought

NTC budget proposals: cut in duty on chemical raw materials sought

The National Tariff Commission (NTC) has sought reduction in duty on raw materials for some chemical products in next budget, it was learnt. The NTC has proposed reduction in duty on raw materials that are not produced locally to ensure its availability t
Published 27 May, 2008 12:00am
NTC budget proposals: cut in duty on chemical raw materials sought

NTC budget proposals: cut in duty on chemical raw materials sought

The National Tariff Commission (NTC) has sought reduction in duty on raw materials for some chemical products in next budget, it was learnt. The NTC has proposed reduction in duty on raw materials that are not produced locally to ensure its availability t
Published 27 May, 2008 12:00am
Six killed in Peshawar

Six killed in Peshawar

At least six people including two women and teenage girls were killed in two different incidents over domestic matters here in district Peshawar on Monday. In the first gruesome incident occurred in Wahid Garhi, a sub-urban locality of Peshawar a matrimon
Published 27 May, 2008 12:00am
'SECP striving to develop fair regulatory framework'

'SECP striving to develop fair regulatory framework'

Income Tax Bar Association (ITBA), Karachi on Monday organised a seminar on 'Corporatisation and filing requirements under the Companies Ordinance 1984'. Securities and Exchange Commission of Pakistan (SECP), Executive Director (Registration), Nazir Ahmed
Published 27 May, 2008 12:00am
PIA management assured of support

PIA management assured of support

Pakistan Airline Pilots' Association (Palpa) has assured the new PIA management of its unstinting support in lifting the national carrier out of its current quagmire.
Published 27 May, 2008 12:00am
Aitzaz asks Justice Dogar to resign

Aitzaz asks Justice Dogar to resign

President Supreme Court Bar Association (SCBA), Aitzaz Ahsan on Monday asked the Chief Justice Abdul Hameed Dogar to resign and provide explanation to the Supreme Judicial Council for detention of judges as a judge cannot be arrested according to the cons
Published 27 May, 2008 12:00am
Comprehensive labour policy needed to protect rights of workers

Comprehensive labour policy needed to protect rights of workers

Despite the claims to have strong commitment to promote social justice and ensure all rights of labours enshrined in Constitution of Pakistan and international conventions by the democratic governments, four labour policies out of the total five were give
Published 27 May, 2008 12:00am
Toshikazu Isomura visits KPC

Toshikazu Isomura visits KPC

Director General, Japan Cultural Center Toshikazu Isomura on Monday visited Karachi Press Club and called on President KPC Najeeb Ahmed and other office-bearers.
Published 27 May, 2008 12:00am
Government mulling over increase in NSS mark-up rate

Government mulling over increase in NSS mark-up rate

The Government is contemplating increase in mark up rate of all national saving schemes (NSS) in the upcoming budget to make them attractive for investment, sources confirmed to Business Recorder here on Monday. Special package is in the pipeline i
Published 27 May, 2008 12:00am
KPT, PSC and KHSCWU at loggerheads: entry passes dispute

KPT, PSC and KHSCWU at loggerheads: entry passes dispute

With the ship-cleaning workers warning of a law and order situation at Karachi Port, the Karachi Port Trust (KPT) and Pakistan Stevedores' Conference (PSC) are allegedly trying to eliminate a registered union of the former from the port.
Published 27 May, 2008 12:00am
Clark bowls Australia to victory

Clark bowls Australia to victory

Australia recorded their 13th win in the last 14 Tests against the West Indies here on Monday as five wickets from Stuart Clark inspired them to a 95 run victory on the fifth and final day of the first Test.
Published 27 May, 2008 12:00am
Resolution of legal issues to help boost democracy, says Zardari

Resolution of legal issues to help boost democracy, says Zardari

Pakistan People's Party (PPP) co-chairman Asif Ali Zardari has said that Pakistan will be a stronger and more stable democratically when the present government becomes able to resolve all constitutional and legal issues through democratic consensus. He wa
Published 27 May, 2008 12:00am
National Assembly session summoned on June 2

National Assembly session summoned on June 2

The National Assembly has been called to meet early next week for budget session but it is uncertain whether the government would also bring in a proposed constitutional amendment to trim President Pervez Musharraf's powers. Officials at the National Asse
Published 27 May, 2008 12:00am
Prime Minister directs Erra to expedite work on mega projects

Prime Minister directs Erra to expedite work on mega projects

Prime Minister Syed Yousuf Raza Gilani has expressed confidence that despite challenges Earthquake Rehabilitation and Reconstruction Authority (Erra) would be able to meet the targets for early completion of rehabilitation and reconstruction work.
Published 27 May, 2008 12:00am
Musharraf wants comprehensive strategy to fight terrorism

Musharraf wants comprehensive strategy to fight terrorism

President Pervez Musharraf on Monday reiterated Pakistan's firm resolve to fight terrorism and stressed the need of a comprehensive three-pronged strategy that combines security, political and socio-economic developments tracks.
Published 27 May, 2008 12:00am
JUI for convening PDA moot to resolve core issues

JUI for convening PDA moot to resolve core issues

Chief of the Jamiat-e-Ulema Islam (JUI) Maulana Fazl-ur-Rehman has suggested to convene a meeting of Pakistan Democratic Alliance (PDA) to chalk out a joint strategy to resolve all the problems including judicial crisis after failure of the two major poli
Published 27 May, 2008 12:00am
Two CDA sectors not developed even after 18 years

Two CDA sectors not developed even after 18 years

No development work is visible in sectors I-14 and I-16 whereas the Capital Development Authority (CDA) has directed the allottees to get possessions of their plots and start building houses, Business Recorder learnt here on Monday.
Published 27 May, 2008 12:00am
Government to pay huge subsidy on imported wheat

Government to pay huge subsidy on imported wheat

The government will have to pay a subsidy of Rs 100 billion on imported wheat in order to bring the prices of the commodity at par with local market rates, well-placed sources told Business Recorder on Monday. The government has decided to import 2
Published 27 May, 2008 12:00am
Police directed to register case against NSM management

Police directed to register case against NSM management

Lahore High Court Judge Muhammad Ahsan Bhoon has directed Sargodha police to register a case against management of National Sugar Mills (NSM) in the light of a statement of petitioner Muhammad Azhar, a cane grower whose payment had been blocked by the mil
Published 27 May, 2008 12:00am
Phulkari conference

Phulkari conference

The Punjab Commerce and Investment Department, jointly with the Heritage Association will organise a two-day International Phulkari conference on May 27. Punjab government, realising the importance of this heritage has put together the two-day event while
Published 27 May, 2008 12:00am
Israel has at least 150 atomic weapons: Carter

Israel has at least 150 atomic weapons: Carter

Former US President Jimmy Carter has said Israel holds at least 150 nuclear weapons, the first time a US president has publicly acknowledged the Jewish state's atomic arsenal.
Published 27 May, 2008 12:00am
Israel has at least 150 atomic weapons: Carter

Israel has at least 150 atomic weapons: Carter

Former US President Jimmy Carter has said Israel holds at least 150 nuclear weapons, the first time a US president has publicly acknowledged the Jewish state's atomic arsenal.
Published 27 May, 2008 12:00am
US farm bill attracts criticism at WTO talks

US farm bill attracts criticism at WTO talks

Several countries at the World Trade Organisation (WTO) criticised the new US farm bill on Monday for raising farm support when the WTO is trying to reach a deal to cut agricultural subsidies.
Published 27 May, 2008 12:00am
US farm bill attracts criticism at WTO talks

US farm bill attracts criticism at WTO talks

Several countries at the World Trade Organisation (WTO) criticised the new US farm bill on Monday for raising farm support when the WTO is trying to reach a deal to cut agricultural subsidies.
Published 27 May, 2008 12:00am
US farm bill attracts criticism at WTO talks

US farm bill attracts criticism at WTO talks

Several countries at the World Trade Organisation (WTO) criticised the new US farm bill on Monday for raising farm support when the WTO is trying to reach a deal to cut agricultural subsidies.
Published 27 May, 2008 12:00am
SHC suspends order

SHC suspends order

A bench of Sindh High Court (SHC) comprising Justice Qaiser Iqbal and Justice Syed Mahmood Alam Rizvi on Monday suspended a single judge order of dismissing a suit filed vis-à-vis an alleged empty plot in congested Kharadar area. The order was passed in a
Published 27 May, 2008 12:00am
Islamabad High Court adjourns hearing of Sherpao's pleas

Islamabad High Court adjourns hearing of Sherpao's pleas

The Islamabad High Court (IHC) here on Monday adjourned till June 4 hearing of former interior minister Aftab Ahmed Khan Sherpao's writ petitions regarding cases pending with the accountability court, Rawalpindi.
Published 27 May, 2008 12:00am
Sales tax short-filers: collectors empowered to impose embargo

Sales tax short-filers: collectors empowered to impose embargo

The Federal Board of Revenue (FBR) has authorised the collectors of sales tax to impose embargo on short-filers to ensure maximum collection in the remaining period of 2007-08. Sources told Business Recorder on Monday that in this way the collector
Published 27 May, 2008 12:00am
Sales tax short-filers: collectors empowered to impose embargo

Sales tax short-filers: collectors empowered to impose embargo

The Federal Board of Revenue (FBR) has authorised the collectors of sales tax to impose embargo on short-filers to ensure maximum collection in the remaining period of 2007-08. Sources told Business Recorder on Monday that in this way the collector
Published 27 May, 2008 12:00am
Sales tax short-filers: collectors empowered to impose embargo

Sales tax short-filers: collectors empowered to impose embargo

The Federal Board of Revenue (FBR) has authorised the collectors of sales tax to impose embargo on short-filers to ensure maximum collection in the remaining period of 2007-08. Sources told Business Recorder on Monday that in this way the collector
Published 27 May, 2008 12:00am
Pakistan must strike back at terrorism: US

Pakistan must strike back at terrorism: US

Pakistan should strike back at terrorism or it will see more attacks like the one that killed ex-premier Benazir Bhutto, US Homeland Security head Michael Chertoff said on Monday. Extremists in Pakistan are a threat to that country as well as Afghanistan,
Published 27 May, 2008 12:00am
Pakistan must strike back at terrorism: US

Pakistan must strike back at terrorism: US

Pakistan should strike back at terrorism or it will see more attacks like the one that killed ex-premier Benazir Bhutto, US Homeland Security head Michael Chertoff said on Monday. Extremists in Pakistan are a threat to that country as well as Afghanistan,
Published 27 May, 2008 12:00am
LPG price again up by Rs 2 per kg

LPG price again up by Rs 2 per kg

Marketing companies have once again increased the price of liquefied petroleum gas (LPG) by rupees two per kilogram, raising the price of a domestic cylinder by Rs 25 and commercial by Rs 100. This is the fifth time that the LPG prices was raised in the p
Published 27 May, 2008 12:00am
LPG price again up by Rs 2 per kg

LPG price again up by Rs 2 per kg

Marketing companies have once again increased the price of liquefied petroleum gas (LPG) by rupees two per kilogram, raising the price of a domestic cylinder by Rs 25 and commercial by Rs 100. This is the fifth time that the LPG prices was raised in the p
Published 27 May, 2008 12:00am
LPG price again up by Rs 2 per kg

LPG price again up by Rs 2 per kg

Marketing companies have once again increased the price of liquefied petroleum gas (LPG) by rupees two per kilogram, raising the price of a domestic cylinder by Rs 25 and commercial by Rs 100. This is the fifth time that the LPG prices was raised in the p
Published 27 May, 2008 12:00am
Minfal to import 0.35 million tons of Urea

Minfal to import 0.35 million tons of Urea

On the special directive of Prime Minister Syed Yousuf Raza Gilani, the Ministry of Food, Agriculture and Livestock (Minfal) has finalised arrangements to import Urea fertiliser and wheat to overcome the shortage of these commodities in the country.
Published 27 May, 2008 12:00am
Five shot dead in sectarian violence

Five shot dead in sectarian violence

The gunmen shot dead five people, including a policeman in suspected sectarian violence in Dera Ismail Khan Town on Monday, police said. The attackers sprayed bullets at a rickshaw on the outskirts of the town of Dera Ismail Khan, killing three passengers
Published 27 May, 2008 12:00am
Five shot dead in sectarian violence

Five shot dead in sectarian violence

The gunmen shot dead five people, including a policeman in suspected sectarian violence in Dera Ismail Khan Town on Monday, police said. The attackers sprayed bullets at a rickshaw on the outskirts of the town of Dera Ismail Khan, killing three passengers
Published 27 May, 2008 12:00am
Australia's IAG chief quits

Australia's IAG chief quits

Insurance Australia Group Ltd Chief Executive Michael Hawker resigned on Monday, saying he had lost the confidence of some shareholders after the board spurned an $8.3 billion take-over offer by rival QBE Insurance Ltd. "Hawker was under pressure, even be
Published 27 May, 2008 12:00am
The Weather

The Weather

The weather report on Monday (May 26, 2008) and the forecast for Tuesday (May 27, 2008).
Published 27 May, 2008 12:00am
ISE index sheds 70.65 points

ISE index sheds 70.65 points

Fresh bearish assault moved the entire ready board in downward direction at the Islamabad Stock Exchange (ISE) on Monday where equities continued to show negative signs under the lead of hot favourite amid decrease in index. ISE-10 Index showed a decrease
Published 27 May, 2008 12:00am
EFU funds rates

EFU funds rates

EFU Life Assurance Ltd announced that the Offer and Bid prices for the following funds effective from Monday May 26, 2008.

Published 27 May, 2008 12:00am
ISE index sheds 70.65 points

ISE index sheds 70.65 points

Fresh bearish assault moved the entire ready board in downward direction at the Islamabad Stock Exchange (ISE) on Monday where equities continued to show negative signs under the lead of hot favourite amid decrease in index. ISE-10 Index showed a decrease
Published 27 May, 2008 12:00am
EFU funds rates

EFU funds rates

EFU Life Assurance Ltd announced that the Offer and Bid prices for the following funds effective from Monday May 26, 2008.

Published 27 May, 2008 12:00am
Bears onslaught continues on LSE

Bears onslaught continues on LSE

Bears onslaught continued on the Lahore Stock Exchange and there was no respite in the selling pressure, hitting the broader market, resulting in widespread declines. The LSE-25 Index lost 120.63 points closing at 3,929.28 compared with previous at 4,049.
Published 27 May, 2008 12:00am
EFU funds rates

EFU funds rates

EFU Life Assurance Ltd announced that the Offer and Bid prices for the following funds effective from Monday May 26, 2008.

Published 27 May, 2008 12:00am
Bears onslaught continues on LSE

Bears onslaught continues on LSE

Bears onslaught continued on the Lahore Stock Exchange and there was no respite in the selling pressure, hitting the broader market, resulting in widespread declines. The LSE-25 Index lost 120.63 points closing at 3,929.28 compared with previous at 4,049.
Published 27 May, 2008 12:00am
Key stock and currency market movements

Key stock and currency market movements

The latest close of key indices on major world stock exchanges and the London closing values of the euro, the Japanese yen, the British pound and gold bullion (previous day's closes in brackets).

Published 27 May, 2008 12:00am
Economists back rate rise

Economists back rate rise

Investors fled Pakistan''s stock market on Monday after last week''s sharp increase in interest rates, but economists praised the central bank''s decisive action to counter inflation.
Published 27 May, 2008 12:00am
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