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Print - 2008-06-04
Ahmadinejad calls Israel 'false regime' of Zionists

Ahmadinejad calls Israel 'false regime' of Zionists

Europe is bearing the economic and political costs of a "false regime" of Zionists, Iranian President Mahmoud Ahmadinejad said on Tuesday in his second verbal attack on Israel in as many days. On Monday, Ahmadinejad said the Jewish state would soon disapp
Published 04 Jun, 2008 12:00am
Olmert, under cloud, begins US visit

Olmert, under cloud, begins US visit

Israeli Prime Minister Ehud Olmert began a three-day visit to Washington on Tuesday, under criminal investigation back home in a corruption scandal that is casting a shadow over US-brokered talks with the Palestinians. Breaking with his usual practice, Ol
Published 04 Jun, 2008 12:00am
Rice to chair Security Council debate on rape as weapon of war

Rice to chair Security Council debate on rape as weapon of war

US Secretary of State Condoleezza Rice is to preside over a UN Security Council debate later this month that will press for an end to the use of rape of women as a weapon war, the US ambassador to the UN said Tuesday. Ambassador Zalmay Khalilzad, the coun
Published 04 Jun, 2008 12:00am
Syria wants nuclear energy under Arab umbrella

Syria wants nuclear energy under Arab umbrella

Syria is not seeking nuclear weapons but wants to have access to atomic energy for peaceful purposes through a collective Arab project, President Bashar al-Assad said in remarks published on Tuesday.
Published 04 Jun, 2008 12:00am
Credit spreads pare early widening

Credit spreads pare early widening

European credit spreads pushed wider but then recovered on Tuesday, helped by gains in equities as US economic data helped to offset fears over a resurgence in the credit crisis that has plagued markets since last August.
Published 04 Jun, 2008 12:00am
Credit spreads pare early widening

Credit spreads pare early widening

European credit spreads pushed wider but then recovered on Tuesday, helped by gains in equities as US economic data helped to offset fears over a resurgence in the credit crisis that has plagued markets since last August.
Published 04 Jun, 2008 12:00am
US Stocks: Tuesday's midday trade

US Stocks: Tuesday's midday trade

US stocks rose on Tuesday after General Motors Corp's announced it would limit its reliance gas-guzzling trucks and SUVs and an unexpectedly strong factory orders report brightened the view of the US manufacturing sector.
Published 04 Jun, 2008 12:00am
Asian bond spreads widen

Asian bond spreads widen

Asian sovereign and corporate bond spreads widened on Tuesday as fears about a global credit crunch were revived after S&P downgraded the ratings of some major US securities firms including Lehman Brothers.
Published 04 Jun, 2008 12:00am
Asian bond spreads widen

Asian bond spreads widen

Asian sovereign and corporate bond spreads widened on Tuesday as fears about a global credit crunch were revived after S&P downgraded the ratings of some major US securities firms including Lehman Brothers.
Published 04 Jun, 2008 12:00am
Jakarta stocks lower

Jakarta stocks lower

Indonesian shares closed 1.0 percent lower on Tuesday ahead of Bank Indonesia's expected interest rate hike this week, dealers said. The Jakarta Composite Index closed down 23.96 points at 2,403.81 on volume of 3.5 billion shares worth 4.6 trillion rupiah
Published 04 Jun, 2008 12:00am
Philippines shares lower

Philippines shares lower

Philippines share prices closed 1.5 percent lower on Tuesday amid expectations the Central Bank would raise key interest rates later this week to head off soaring inflation, dealers said. The composite index lost 43.09 points to 2,782.80, while the all sh
Published 04 Jun, 2008 12:00am
FTSE snaps three-day losing run

FTSE snaps three-day losing run

Britain's blue chip index gained 0.8 percent on Tuesday to snap a three-session losing run, led by Royal Bank of Scotland on stake building chatter. The FTSE 100 closed up 50.1 points at 6,057.7 in a volatile session, while European shares also finished t
Published 04 Jun, 2008 12:00am
Pound weakens

Pound weakens

Sterling weakened against the dollar in volatile trade on Tuesday after a rare warning about the inflationary risks posed by a weak dollar from US Federal Reserve chief Ben Bernanke. The comments, which caused the dollar to jump broadly, proved too much f
Published 04 Jun, 2008 12:00am
Dollar falls broadly in London

Dollar falls broadly in London

The dollar fell broadly on Tuesday, rattled by signs that the US financial sector, and thus probably the economy, is still far from out of the woods. The Wall Street Journal reported on Tuesday that US investment bank Lehman Brothers may raise up to $4 bi
Published 04 Jun, 2008 12:00am
Indian rupee falls

Indian rupee falls

The Indian rupee fell on Tuesday, ending a two-day rally as heavy dollar buying by oil importers and a shaky stock market raised concerns of a possible dollar shortage in the market. The partially convertible rupee ended at 42.60/61 per dollar, half a per
Published 04 Jun, 2008 12:00am
New York cotton settles lower

New York cotton settles lower

Cotton futures reeled from investor sales to finish lower on Tuesday while the trade digested news that regulators will investigate a searing run-up in the market that occurred in the first quarter of the year, brokers said.
Published 04 Jun, 2008 12:00am
London coffee down

London coffee down

Robusta futures lost ground on Tuesday as funds took profits against a backdrop of weaker crude oil prices, while cocoa fell in choppy two-way dealings, underpinned by investor buying on tight supplies, dealers said. London white sugar futures eased on te
Published 04 Jun, 2008 12:00am
Shanghai copper up

Shanghai copper up

Shanghai copper futures rose half a percent on Tuesday, but London prices edged lower as concerns about demand continued to unsettle investors. The most active Shanghai August copper contract rose 300 yuan, at 60,430 yuan ($8,717) a tonne at 0217 GMT, but
Published 04 Jun, 2008 12:00am
Copper steadies

Copper steadies

Copper steadied on Tuesday as falling stocks and stronger consumer interest offset worries about demand from China and the United States, the world's top two consumers. Tin rallied more than 5 percent to $22,050 a tonne as investors bet on strong fundamen
Published 04 Jun, 2008 12:00am
Oil falls over $3 as Fed warns on inflation

Oil falls over $3 as Fed warns on inflation

Oil fell more than $3 a barrel on Tuesday after the US Federal Reserve issued a rare warning on the inflationary risk posed by a weak dollar, suggesting the central bank is not likely to cut interest rates further this year.
Published 04 Jun, 2008 12:00am
Gold clings to gains in Asia

Gold clings to gains in Asia

Spot gold hovered around $890 on Tuesday, holding on to the previous day's gains, as the market pondered its direction in the absence of fresh incentives. The precious metal ended higher on Monday as the dollar softened against the euro and as oil prices
Published 04 Jun, 2008 12:00am
Gold dips in London

Gold dips in London

Gold slipped nearly 2 percent on Tuesday as the dollar bounced back on a US Federal Reserve warning on the currency, and oil prices fell about $2 a barrel. Fed Chairman Ben Bernanke issued a rare warning on the inflationary risk posed by a weak dollar but
Published 04 Jun, 2008 12:00am
US MIDDAY: coffee and cocoa ease

US MIDDAY: coffee and cocoa ease

Arabica coffee futures on ICE Futures US dropped nearly 4 percent Tuesday on the back of a large Brazil production forecast by USDA, while cocoa fell in the face of a higher dollar, traders said. July arabica contract was down 4.65 cents or 3.4 percent at
Published 04 Jun, 2008 12:00am
US MIDDAY: sugar sags

US MIDDAY: sugar sags

Raw sugar futures on ICE Futures US at EDT 1243 GMT. July contract fell 0.19 cent to 10.12 cents per lb. Range from 10.09 to 10.34 cents. July contract volume at 10,613 lots.
Published 04 Jun, 2008 12:00am
US MIDDAY: corn down

US MIDDAY: corn down

July was down 2-3/4 cents at $6.13 per bushel, new-crop December was down 1-3/4 cents at $6.41-1/2. Lower on outlooks for warmer US temperatures that should buoy corn conditions. Profit-taking after Monday's rally adds pressure, along with spillover weakn
Published 04 Jun, 2008 12:00am
US MIDDAY: wheat falls

US MIDDAY: wheat falls

July wheat was down 11-1/4 cents at $7.71-1/4 per bushel. Profit-taking after Monday's technical recovery. Expectations for big global wheat crop weigh on market with the US winter wheat harvest under way. News of welcome rain in eastern Australia adds pr
Published 04 Jun, 2008 12:00am
US MIDDAY: soyabeans higher

US MIDDAY: soyabeans higher

July soyabeans futures were up 10-1/2 cents at $13.76 per bushel, new-crop November was up 5 cents at $13.63-1/2. Old-crop months lead rally, supported by news Argentine farmers to extend strike for a week. Slow plantings of US soya crop also supportive.
Published 04 Jun, 2008 12:00am
US MIDDAY: copper slips

US MIDDAY: copper slips

US copper futures extended their morning losses on Tuesday on the back of a stronger dollar, which rose after the Federal Reserve warned of the inflationary impact of a weaker American currency, traders said. Copper for July delivery was trading down 1.35
Published 04 Jun, 2008 12:00am
US MIDDAY: gold plunges

US MIDDAY: gold plunges

US gold futures drop nearly 2 percent on Tuesday as a stronger dollar and broad-based commodity weakness sent bullion briefly below $880 an ounce. The August gold contract on Comex division of New York Mercantile Exchange down $11.50 or 1.3 percent at $88
Published 04 Jun, 2008 12:00am
National Savings sets up nation-wide CSC

National Savings sets up nation-wide CSC

The National Savings has established a nation-wide network of Customer Support Centres (CSC) with an aim to revolutionise its operating structure to meet the emerging needs of the diversified investors.
Published 04 Jun, 2008 12:00am
Efforts on to rehabilitate Mangla dam victims

Efforts on to rehabilitate Mangla dam victims

The Advisor to the Azad Kashmir government for Hydro Electric Board, Raja Muhammad Yasin Khan, said here on Tuesday the AJK government was fully committed to the hundred percent implementation of the package for the rehabilitation of Mangla dam victims wi
Published 04 Jun, 2008 12:00am
Cell phones

Cell phones

I want to ask a simple question from cell phone companies who place advertisements in TV media full of music and dance simply to promote their package and so encourage others to get connected with them in order to enjoy the best use of cell phones.
Published 04 Jun, 2008 12:00am
Why the comparison?

Why the comparison?

It is well established practice since our inception to bench mark Pakistan with India, although there is no match to the size and economy of the two countries. I have recently been on a budget programme show the anchor and the other guest a shipping agent
Published 04 Jun, 2008 12:00am
Daylight saving adventure! let us demonstrate people power!

Daylight saving adventure! let us demonstrate people power!

The Muezzin's call to the faithful over the loudspeaker came, according to the old timetable. Prayers are regulated by (apparent) rise and setting of the Sun. The Sun would not adjust its "clock" in line with the government's Quixotic directive and it was
Published 04 Jun, 2008 12:00am
The Prime Minister's paradigm

The Prime Minister's paradigm

"There would be no paradigm shift in the economic policies. We are consistent and rather will be improving the economic policies," said Prime Minister Syed Yousuf Raza Gilani in the World Economic Forum on May 18, 2008.
Published 04 Jun, 2008 12:00am
The urgent need to tackle water and energy shortages

The urgent need to tackle water and energy shortages

Prime Minister Yousuf Raza Gilani has, reportedly, directed the Planning Commission to prioritise those power development projects to be included in the Public Sector Development Programme (PSDP) which have components of both water storage and electricity
Published 04 Jun, 2008 12:00am
Give him time

Give him time

President Bush's telephonic conversation with the embattled President, Pervez Musharraf, may or may not shore up the morale of the presidential camp in Islamabad, but it certainly tends to make things difficult for Asif Ali Zardari.
Published 04 Jun, 2008 12:00am
Rains in most part of country likely

Rains in most part of country likely

The federal capital, Punjab, Sindh, upper NWFP and Azad Kashmir are likely to receive rains accompanied by dusty winds during the next 24 hours, Met. Department said. Met. office said that Islamabad, plane areas of Punjab, Sindh, Upper Frontier and Azad K
Published 04 Jun, 2008 12:00am
Physiotherapy units soon

Physiotherapy units soon

Punjab government has initiated a well-knitted plan for setting up Physiotherapy Units in all social security hospitals for mitigating the problems of industrial workers as well as to provide treatment facilities at their doorstep.
Published 04 Jun, 2008 12:00am
Talk on 'forgotten prisoners of 'Guantanamo Bay'

Talk on 'forgotten prisoners of 'Guantanamo Bay'

Institute of Policy Studies (IPS) is organising a talk titled 'Forgotten Prisoners of Guantanamo Bay' today (Wednesday). Zachary Katznelson, Legal Director, REPREIVE-UK would be chief guest on the occasion. He (Katznelson) is a senior counsel, who has rep
Published 04 Jun, 2008 12:00am
Pesco seeks consumers help for conservation of energy

Pesco seeks consumers help for conservation of energy

Peshawar Electric Supply Corporation (Pesco) on Tuesday appealed its all customers to extended their cooperation for the conservation of energy as decided by the government, that is in larger national interest to overcome the current energy crisis.
Published 04 Jun, 2008 12:00am
Gilani for just, peaceful solution to Kashmir dispute

Gilani for just, peaceful solution to Kashmir dispute

Prime Minister Syed Yousuf Raza Gilani on Tuesday said Pakistan wants an expeditious, just and peaceful resolution of the Kashmir dispute in accordance with the aspirations of Kashmiri people. Talking to President Azad Jammu and Kashmir Raja Zulqarnain Kh
Published 04 Jun, 2008 12:00am
Rs 60 million for Sialkot hockey stadium uplift

Rs 60 million for Sialkot hockey stadium uplift

Arrangements are being finalised to undertake the remaining development work of Sialkot hockey stadium, costing Rs 60 million. Official sources told Business Recorder here on Tuesday that under the plan, pavilion dressing rooms and stands for spect
Published 04 Jun, 2008 12:00am
Growers protest fall in sunflower rates

Growers protest fall in sunflower rates

The crisis of sunflower prices have occurred after the wheat prices crisis. The farmers have stopped the sale of sunflower after the sudden decline of Rs 200 per 40-kg in the price of sunflower. Moreover, due to non-purchasing of sunflower, the crop is go
Published 04 Jun, 2008 12:00am
Turkey reiterates support to quake victims

Turkey reiterates support to quake victims

Pakistan and Turkey enjoy close brotherly relations, particularly, Turkey's support for the rehabilitation of quake victims and the reconstruction of quake affected areas will be remembered as a gesture of goodwill.
Published 04 Jun, 2008 12:00am
Quake victims: Jintao lauds Pakistani doctors' efforts

Quake victims: Jintao lauds Pakistani doctors' efforts

Chinese President Hu Jintao has appreciated the efforts of Pakistani medical team extending relief assistance to the earthquake victims in south-western China. The Chinese President met Pakistani doctors and paramedics during his visit to the Lang Nan Hos
Published 04 Jun, 2008 12:00am
Danish foreign ministry staff commemorate blast victims

Danish foreign ministry staff commemorate blast victims

Danish Foreign Ministry staff on Tuesday attended a memorial ceremony for the victims of a bombing outside the Danish embassy in Pakistan the day before. Foreign Minister Per Stig Moller said: "we are not without friends" in remarks quoted by the online e
Published 04 Jun, 2008 12:00am
UNSC condemns Islamabad blast

UNSC condemns Islamabad blast

The Security Council has condemned in the "strongest terms" Monday's terrorist attack outside Danish embassy in Islamabad that had caused numerous deaths, injuries and damage to buildings, including to a premises housing the UN Development Programme (UNDP
Published 04 Jun, 2008 12:00am
Soomro condoles death of Sheikh Nasr Al-Nayhan

Soomro condoles death of Sheikh Nasr Al-Nayhan

Chairman Senate, Mohammadmian Soomro has expressed sorrows over the death of Sheikh Nasr Al-Nayhan, brother of UAE President Sheikh Khalifa Bin Zayed Al-Nayhan in a helicopter crash over Gulf waters on Tuesday.
Published 04 Jun, 2008 12:00am
Public-private partnership education project for Fata approved

Public-private partnership education project for Fata approved

NWFP Governor Owais Ahmed Ghani on Tuesday approved an education sector public-private partnership project for Fata, which would be launched jointly by the Fata Secretariat and the Abaseen Foundation. The approval to the partnership was given approval dur
Published 04 Jun, 2008 12:00am
'NWFP and Balochistan quota in federal jobs will be ensured'

'NWFP and Balochistan quota in federal jobs will be ensured'

Senator Haji Muhammad Adeel has said that quota of the NWFP and Balochistan in federal jobs would be ensured and the ANP would play its role to enhance share of the smaller provinces in the jobs. He said this during his visit to APP Peshawar Bureau wherei
Published 04 Jun, 2008 12:00am
Senate body calls for more funds for higher education

Senate body calls for more funds for higher education

The Senate Standing Committee on Education was told on Tuesday that there was a shortfall of Rs 3 billion on the recurring side, which could negatively impact the performance of the universities.
Published 04 Jun, 2008 12:00am
Rehman rules out talks with 'extremists'

Rehman rules out talks with 'extremists'

Rehman Malik, Advisor to Prime Minister on Interior has categorically denied any talks with terrorists saying that the government will not enter dialogue with extremists in Fata and Balochistan.
Published 04 Jun, 2008 12:00am
New sales tax-cum-excise return form to be introduced

New sales tax-cum-excise return form to be introduced

The Federal Board of Revenue (FBR) has issued draft of the 'new' sales tax-cum-federal excise 'return' form, to be notified in the 2008-09 budget after incorporating necessary suggestions of the business community. Sources told Business Recorder on
Published 04 Jun, 2008 12:00am
Pervaiz Elahi reiterates PML-Q support to Musharraf

Pervaiz Elahi reiterates PML-Q support to Musharraf

Opposition leader in the National Assembly Chaudhry Pervaiz Elahi said on Tuesday that his party, Pakistan Muslim League-Q, would openly defend President Pervez Musharraf, opposing any move of the government to impeach him. "He is a constitutionally elect
Published 04 Jun, 2008 12:00am
ICCI holds youth conference

ICCI holds youth conference

The Islamabad Chamber of Commerce & Industry (ICCI), with the support of the Centre for International Private Enterprise (CIPE) and the Ministry of Youth Affairs, held a youth conference for over 100 students and young entrepreneurs.
Published 04 Jun, 2008 12:00am
APO Secretary General arrives on June 5

APO Secretary General arrives on June 5

Secretary General, Asian Productivity Organisation, (APO) Japan is schedule to arrive on Thursday, (June 5) on 3-day visit to Pakistan. He will remain in the country till June 07, said a press release of National Productivity Organisation (NPO) here on Tu
Published 04 Jun, 2008 12:00am
Two traders killed in Peshawar

Two traders killed in Peshawar

Two men were shot dead and others injured owing to resistance against robbers on Ashraf road in Peshawar, moreover, local traders closed the market immediately after the incident, staged protest.
Published 04 Jun, 2008 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

Prime Minister Yousaf Raza Gilani took the long due initiative to come to the National Assembly on a Private Members' Day just as it was preparing to discuss an Adjournment motion, Tuesday, regarding the missile attack on May 21 at Bajaur by American mann
Published 04 Jun, 2008 12:00am
No change in PML-N stance on judges' restoration: Zafar

No change in PML-N stance on judges' restoration: Zafar

Pakistan Muslim League-Nawaz (PML-N) is maintaining its stand for the reinstatement of the deposed judges in accordance with the 'Murree Declaration.' These views were expressed by PML-N chairman, Raja Zafar-ul-Haq, here on Tuesday.
Published 04 Jun, 2008 12:00am
PML-N for early restoration of judges

PML-N for early restoration of judges

The proposed constitutional package should neither be linked with nor be adopted prior to the reinstatement of deposed judges, said Naseer Bhutta, a PML-N parliamentarian and president PML-N Lawyers' Wing, Punjab.
Published 04 Jun, 2008 12:00am
Government price of 20kg flour bag rejected

Government price of 20kg flour bag rejected

The flour millers of Rawalpindi and Islamabad while rejecting the government's directive to supply flour at Rs 365 per 20 kg bag have demanded open market prices of the commodity - Rs 385-390 per 20 kg bag. The flour millers while addressing a press confe
Published 04 Jun, 2008 12:00am
Alma Townhomes Emaar records overwhelming response

Alma Townhomes Emaar records overwhelming response

Emaar Pakistan, the country subsidiary of global property developer Emaar Properties PJSC, has recorded overwhelming customer response to the launch of Alma Townhomes at its master planned Canyon Views community. Over 4,000 customers registered online for
Published 04 Jun, 2008 12:00am
GDP and agriculture growth rate target unlikely to be met: SAB

GDP and agriculture growth rate target unlikely to be met: SAB

Sindh Abadgar Board (SAB) President, Abdul Majeed Nizamani on Tuesday presented state of agricultural economy in the province and budget proposals for the year 2008-09 at a press conference here. He said that the GDP and agriculture growth rate targets of
Published 04 Jun, 2008 12:00am
Car loan case: citizen advised to file constitution petition

Car loan case: citizen advised to file constitution petition

Justice Syed Mahmood Alam Rizvi of High Court of Sindh (SHC) on Tuesday disposed of an application, filed by a citizen, and advised him to file a constitution petition. The application was filed by Majid Ikram who bought a Daihatsu Cuore car under a bank
Published 04 Jun, 2008 12:00am
Delay in restoration of Badin-Hyderabad train service flayed

Delay in restoration of Badin-Hyderabad train service flayed

Passenger train service between Badin and Hyderabad, which was due to start on June 2, has been postponed by railway on the plea of poor track condition on this section. The postponement was resented by people of Talhar, Matli, Badin and Tando Mohahammed
Published 04 Jun, 2008 12:00am
Guddu barrage water inflow exceeds 0.1 million cusecs

Guddu barrage water inflow exceeds 0.1 million cusecs

After remaining almost empty during the past six months, with a few thousand cusecs daily inflow, the water inflow at Guddu Barrage on River Indus crossed 0.1 million cusecs mark this week making available more water for sowing Kharif crop in Sindh provin
Published 04 Jun, 2008 12:00am
Khosa felicitates Shahbaz on unopposed election

Khosa felicitates Shahbaz on unopposed election

The Punjab Chief Minister, Sardar Dost Muhammad Khan Khosa met the Pakistan Muslim League-Nawaz (PML-N) President, Shahbaz Sharif and congratulated him on his unopposed election as member Punjab Assembly. Overall political situation of the country as well
Published 04 Jun, 2008 12:00am
Traumatic events can have devastating impact on children: US expert

Traumatic events can have devastating impact on children: US expert

"Traumatic experiences can have a devastating impact on children, altering their physical, emotional, cognitive and social development, and thus have profound implications for their family and the society," said Dr Shiraz Butt from Rush University and Riv
Published 04 Jun, 2008 12:00am
Seminar

Seminar

The Ayub Agricultural Research Institute (AARI) Faisalabad will organise a one-day seminar on 'Post harvest management of mango for export' here on June 5. The objective of the seminar is to assess ways to increase the shelf life of mango for its export p
Published 04 Jun, 2008 12:00am
Three prisoners to be hanged today

Three prisoners to be hanged today

Three condemned prisoners will be hanged in District Prison Faisalabad on June 4. According to jail officials, Muhammad Boota son of Sarwar, Anwaar-ul-Haq son of Muhammad Shareef and Muhammad Afzal son of Irshad residents of Chak 202-RB Gatti were convict
Published 04 Jun, 2008 12:00am
UAF's world environment day programmes

UAF's world environment day programmes

The office of the Senior Tutor, University of Agriculture Faisalabad (UAF) will organise a series of programmes on June 5 in connection with the world environment day. An exhibition of paintings by students of Laboratory Schools will be held at 9 am at th
Published 04 Jun, 2008 12:00am
Removal of 35 percent cash margin on L/Cs demanded

Removal of 35 percent cash margin on L/Cs demanded

Engineer Javed Salim Qureshi has said that government should remove the condition of 35 percent cash margin on L/C imposed by State Bank. He said that after severe crisis of electricity, water, seeds and fertilisers, now a new crisis of pesticides is deve
Published 04 Jun, 2008 12:00am
'Minimising post-harvest losses can increase food availability'

'Minimising post-harvest losses can increase food availability'

Minimising post-harvest losses of horticultural perishables is a very effective way of reducing the area needed for production and/or increasing food availability. Solving the post harvest food distribution problems in Pakistan will require cooperation an
Published 04 Jun, 2008 12:00am
Regularisation of services demanded

Regularisation of services demanded

The large number of daily wagers of the Civil Aviation Authority (CAA) on Tuesday demanded of the government to regularise their services. In a meeting with daily wagers, Bashir Ahmed Khan, divisional president of Peoples Labour Bureau assured them that t
Published 04 Jun, 2008 12:00am
District government fails to control price hike in Sialkot

District government fails to control price hike in Sialkot

The shopkeepers are busy in fleecing the consumers with both hands in Sialkot district. The shopkeepers are charging their own prices on various articles of daily use as well as cigarettes are also being sold on higher cost as compared to the fixed prices
Published 04 Jun, 2008 12:00am
Helen Brand appointed ACCA's new CEO

Helen Brand appointed ACCA's new CEO

Helen Brand, 43, has been appointed as the new chief executive of the Association of Chartered Certified Accountants (ACCA). Currently, Managing Director of Strategy and Development at ACCA, she had joined the global accountancy body in 1996.
Published 04 Jun, 2008 12:00am
MCC recovers Rs 70.78 million evaded duty from leading manufacturer

MCC recovers Rs 70.78 million evaded duty from leading manufacturer

The Model Collectorate of Customs (MCC) has recovered Rs 70.78 million as evaded duty from a leading manufacturer, which was involved in the business and imported goods through MCC. According to a press release issued on Tuesday, the record of other local
Published 04 Jun, 2008 12:00am
BMA Capital appointed Sadaqat Textiles IPO lead manager

BMA Capital appointed Sadaqat Textiles IPO lead manager

Investment Group, BMA Capital, has been appointed lead manager by Faisalabad-based Sadaqat Textile Mills (Private) Limited for its listing and Initial Public Offering (IPO). The IPO is expected in September 2008 and will be a fresh issue of shares to the
Published 04 Jun, 2008 12:00am
BMA Capital appointed Sadaqat Textiles IPO lead manager

BMA Capital appointed Sadaqat Textiles IPO lead manager

Investment Group, BMA Capital, has been appointed lead manager by Faisalabad-based Sadaqat Textile Mills (Private) Limited for its listing and Initial Public Offering (IPO). The IPO is expected in September 2008 and will be a fresh issue of shares to the
Published 04 Jun, 2008 12:00am
Bahrain Consul General calls to increase trade volume

Bahrain Consul General calls to increase trade volume

Consul General of Bahrain Khalid Mohammed Al- Tamimi has emphasised the need for making efforts to increase volume of trade between the two brotherly Muslim countries. Speaking at a meeting of Karachi Chamber of Commerce and Industry (KCCI) on Monday, he
Published 04 Jun, 2008 12:00am
Vazir appointed deputy managing director of Picic Insurance

Vazir appointed deputy managing director of Picic Insurance

As a strategic move towards achieving its growth plans, Akber D Vazir has been appointed as Deputy Managing Director of Picic Insurance Limited. Vazir has already been serving the company as Special Advisor to the Managing Director and CEO.
Published 04 Jun, 2008 12:00am
NWFP to give approval for setting up of Technology Park

NWFP to give approval for setting up of Technology Park

The Provincial Minister for Science & Technology and IT, Muhammad Ayub Ashari has said that the provincial government of NWFP will give approval for the establishment of Technology Park at Jalozai.
Published 04 Jun, 2008 12:00am
EDOs urged to ensure proper monitoring of schools

EDOs urged to ensure proper monitoring of schools

The Secretary, Schools Education, Nadim Ashraf in a meeting with the Executive District Officers (EDOs) on Monday, has urged them to ensure proper monitoring of the schools and fix at least two days in a week for the inspection of the educational institut
Published 04 Jun, 2008 12:00am
Security beefed up for students and teachers during exams

Security beefed up for students and teachers during exams

Strict security measures have been taken the Sindh University authorities and Jamshoro police to ensure peace during the first semester examinations, which began on Tuesday. The step has been taken following threats by a group of miscreants.
Published 04 Jun, 2008 12:00am
P&G, READ Foundation set up second school in Muzaffarabad

P&G, READ Foundation set up second school in Muzaffarabad

The largest school was inaugurated in Lamnian Village, located some 50 kilometers from main Muzaffarabad city. The school will educate 150 student in a safe, seismic compliant structure, among whom six orphaned children will get free education.
Published 04 Jun, 2008 12:00am
Karachi University graduate honoured in Canada

Karachi University graduate honoured in Canada

A graduate of Karachi University (KU), working as teacher at the University of Winnipeg, Canada, has been honoured with Clifford J. Robson Memorial Award. A statement here on Tuesday said the award was for excellence in teaching by the University of Winni
Published 04 Jun, 2008 12:00am
Vacations: a time for students to improve skills

Vacations: a time for students to improve skills

Summer vacations is the real time for the students to improve their communication skills by reading valuable literature. During summer vacations, most of the schools and colleges of twin cities remained closed, which would definitely provide the students
Published 04 Jun, 2008 12:00am
'Fashion accessories designing' course launched by NIDA

'Fashion accessories designing' course launched by NIDA

National Institute of Design and Analysis (NIDA), Lahore, is launching a course in the third week of June to enhance career opportunities in the rapidly growing field of fashion accessory design.
Published 04 Jun, 2008 12:00am
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