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Print - 2008-06-13
Boy Scouts among dead as tornadoes hit US Midwest

Boy Scouts among dead as tornadoes hit US Midwest

Tornadoes killed four teenagers at a Boy Scout camp in Iowa and two people in Kansas as more than 30 twisters ripped through the US Midwest, authorities said on Thursday. Close to 100 Boy Scouts scrambled for safety in shelters and bunkhouses at the heavi
Published 13 Jun, 2008 12:00am
China's quake parents lament one month on

China's quake parents lament one month on

Anguished parents on Thursday marked one month since China's devastating earthquake, demanding answers about flattened schools and begging forgiveness from dead children buried under the rubble. Two dozen parents gathered around a mound of concrete shards
Published 13 Jun, 2008 12:00am
Zimbabwe opposition official faces treason charge

Zimbabwe opposition official faces treason charge

Zimbabwean police arrested a top opposition official on Thursday, saying he would be charged with treason, and briefly detained opposition leader Morgan Tsvangirai for the third time this month. Secretary-General Tendai Biti flew home from South Africa ah
Published 13 Jun, 2008 12:00am
Bush to press Berlusconi on Iran and Afghanistan

Bush to press Berlusconi on Iran and Afghanistan

US President George W. Bush will ask Italian Prime Minister Silvio Berlusconi on Thursday to take a tougher stand on Iran's nuclear programme and respond to US calls for Nato troops to play a bigger role in Afghanistan. Bush got a cool reception in Italy,
Published 13 Jun, 2008 12:00am
Kenya Prime Minister's party clinches three seats

Kenya Prime Minister's party clinches three seats

Prime Minister Raila Odinga's party won three parliamentary seats on Thursday after by-elections that went peacefully despite fears of a repeat of violence seen in the crisis after Kenya's presidential poll.
Published 13 Jun, 2008 12:00am
British Muslim lawyers tackle forced marriage 'crisis'

British Muslim lawyers tackle forced marriage 'crisis'

British Muslim lawyers have come up with an action plan to root out forced marriage in their community, in a report published Thursday. The Muslim Arbitration Tribunal (MAT) believes British Muslims must take matters into their own hands to tackle the "cr
Published 13 Jun, 2008 12:00am
70 detained in India fuel hike protest

70 detained in India fuel hike protest

Indian police detained 70 people as protests against a rise in fuel prices announced by the national government continued for a fourth day on Thursday. Police used batons and water cannons to repel government employees shouting "roll back fuel prices" as
Published 13 Jun, 2008 12:00am
Spain vows zero tolerance for violent truckers

Spain vows zero tolerance for violent truckers

Spain promised "zero tolerance" for violence by striking truckers after police cleared picket lines blocking highways during a fuel protest. The government said deliveries of food and other goods were returning to normal on Thursday after an agreement wit
Published 13 Jun, 2008 12:00am
Unpopular Japanese Prime Minister wins confidence vote

Unpopular Japanese Prime Minister wins confidence vote

In a stark reflection of Japan's political stalemate, parliament's lower house approved a motion of confidence in Prime Minister Yasuo Fukuda on Thursday, a day after the upper chamber adopted an unprecedented, but non-binding, censure of the unpopular le
Published 13 Jun, 2008 12:00am
UN and Nato rush to iron out Kosovo security snags

UN and Nato rush to iron out Kosovo security snags

The United Nations and Nato rushed on Thursday to iron out snags in the troubled international security presence for Kosovo in a move aimed at readying themselves to deal with any future tensions.
Published 13 Jun, 2008 12:00am
Four dead in blast in Hamas bomb-maker's house

Four dead in blast in Hamas bomb-maker's house

An explosion destroyed a Hamas bomb-maker's house in the Gaza Strip on Thursday, killing at least four people, including a baby, in what Hamas called an Israeli air strike and Israel described as an internal blast.
Published 13 Jun, 2008 12:00am
Hasina departs for medical treatment in US

Hasina departs for medical treatment in US

Former Bangladesh Prime Minister Sheikh Hasina, released from jail on parole, left Dhaka on Thursday for the United States for medical treatment. She boarded a British Airways flight to London en route to the United States, officials at the airport said.
Published 13 Jun, 2008 12:00am
Somali airport shelled

Somali airport shelled

Somali insurgents fired mortars at Mogadishu's main airport on Thursday just after President Abdullahi Yusuf took off, in the latest of an upsurge of attacks since a peace deal was signed, officials said. "The president's plane had taken off for Addis Aba
Published 13 Jun, 2008 12:00am
Britain to probe loss of Iraq, al Qaeda files

Britain to probe loss of Iraq, al Qaeda files

The government said on Thursday it would hold an inquiry into how a senior intelligence official left a file with top secret documents about Iraq and al Qaeda on a train. A passenger found the orange folder, containing highly sensitive details about Iraq'
Published 13 Jun, 2008 12:00am
Sterling slides

Sterling slides

Sterling slid to a four-week low versus the dollar on Thursday as the US currency rose broadly on growing speculation of monetary tightening from the Federal Reserve while fears on Britain's economy weighed on the pound.
Published 13 Jun, 2008 12:00am
Dollar rises versus majors in London

Dollar rises versus majors in London

The dollar hit a one-month high versus a basket of major currencies, while the euro fell sharply on Thursday with investors continuing to reassess US and eurozone rate expectations. Merger and acquisition activity also pressured euro/dollar, with Belgium-
Published 13 Jun, 2008 12:00am
Indian rupee steadies

Indian rupee steadies

The Indian rupee crept up on Thursday as a hike in the central bank's key lending rate boosted sentiment for the local unit, but gains were capped by a rise in global oil prices and a wobbly stock market. The partially convertible rupee ended at 42.8350/8
Published 13 Jun, 2008 12:00am
European credit spreads narrowed

European credit spreads narrowed

European credit spreads narrowed on Thursday after data unexpectedly showed a strong rise in US retail sales, offering a rare piece of bright news on the economy, while oil prices also eased off highs. By 1525 GMT, the Markit investment-grade iTraxx Europ
Published 13 Jun, 2008 12:00am
European credit spreads narrowed

European credit spreads narrowed

European credit spreads narrowed on Thursday after data unexpectedly showed a strong rise in US retail sales, offering a rare piece of bright news on the economy, while oil prices also eased off highs. By 1525 GMT, the Markit investment-grade iTraxx Europ
Published 13 Jun, 2008 12:00am
Asian bond spreads widen

Asian bond spreads widen

Asian sovereign and corporate bond spreads widened on Thursday after oil prices remained stubbornly near record highs, a worrisome development in a region already struggling with inflation. The iTRAXX Asia ex-Japan high-yield index a key measure of risk a
Published 13 Jun, 2008 12:00am
Asian bond spreads widen

Asian bond spreads widen

Asian sovereign and corporate bond spreads widened on Thursday after oil prices remained stubbornly near record highs, a worrisome development in a region already struggling with inflation. The iTRAXX Asia ex-Japan high-yield index a key measure of risk a
Published 13 Jun, 2008 12:00am
Thursday's midday trade: US stocks climb on retail sales

Thursday's midday trade: US stocks climb on retail sales

US stocks rose on Thursday after government data showed a sharp increase in retail sales last month, calming worries about the profit outlook, while news of a $46 billion take-over bid for brewer Anheuser-Busch boosted optimism about share valuations.
Published 13 Jun, 2008 12:00am
Philippines shares plunge

Philippines shares plunge

Philippines share prices closed 1.3 percent lower on Thursday as investors recoiled from high oil prices and the prospect of high inflation dampening economic activity and profits, analysts told AFP. The composite index lost 34.39 points to the day's low
Published 13 Jun, 2008 12:00am
Britain's top share index rises

Britain's top share index rises

Britain's blue chip share index jumped 1.2 percent on Thursday, its strongest showing in six weeks, as rebounding banks and mining stocks offset a slump in Carphone Warehouse and weaker retailers. The FTSE 100 gained 67.2 points to end at 5,790.5, its big
Published 13 Jun, 2008 12:00am
New York cotton futures mixed

New York cotton futures mixed

Cotton futures settled mixed on Thursday as the market consolidated following its previous rally and was seen marching higher, given the strength of other commodity markets, brokers said. "We had a nice move yesterday. We're showing good support and we'll
Published 13 Jun, 2008 12:00am
London cocoa soars to 5-1/2 year high

London cocoa soars to 5-1/2 year high

London cocoa futures surged to a 5-1/2 year high on Thursday as heavy fund buying against the backdrop of bullish fundamentals fired the market, while robusta coffee crept up on light investor demand. White sugar futures struggled, pressured by a stronger
Published 13 Jun, 2008 12:00am
Nickel jumps six percent

Nickel jumps six percent

London nickel futures surged 6 percent on Thursday after a plant in Australia said it would shut for repairs, but lead fell over 4 percent and copper around 1 percent on rising inventories, analysts said. London Metal Exchange nickel hit $24,600 a tonne,
Published 13 Jun, 2008 12:00am
Oil slips on US data

Oil slips on US data

Oil prices slipped on Thursday after stronger-than-expected US retail sales data boosted the dollar. US crude fell 79 cents to $135.59 a barrel by 1:41 pm EDT (1741 GMT) following a $5 surge in prices on Wednesday, while London Brent crude dropped 7 cents
Published 13 Jun, 2008 12:00am
Gold tumbles in London

Gold tumbles in London

Gold tumbled by more than two percent on Thursday to its lowest level since early May as the dollar extended gains against the euro after the release of above consensus data from the United States. Spot gold fell to $856.80 an ounce, the lowest since May
Published 13 Jun, 2008 12:00am
US MIDDAY: cocoa sets new high

US MIDDAY: cocoa sets new high

Arabica coffee futures on ICE Futures US edged higher early Thursday, and cocoa futures set new contract and long-term highs, as funds continued a buying spree on bullish technical readings, traders said. July was up a slim 0.45 cent at $1.3405 per lb by
Published 13 Jun, 2008 12:00am
US MIDDAY: sugar slips

US MIDDAY: sugar slips

Raw sugar futures on ICE Futures US at EDT 1251 GMT. July contract slid 0.24 cent to 10.35 cents per lb. Range from 10.28 to 10.70 cents. July contract volume at 13,644 lots. Most-active October contract was down 0.25 cent at 11.39 cents, dealing from 11.
Published 13 Jun, 2008 12:00am
US MIDDAY: corn dips

US MIDDAY: corn dips

July corn was down 3/4 cent at $7.02-1/2 per bushel, new-crop December was up 1/2 at $7.33-1/4. Underpinned by rainfall and flooding in the US Midwest that is harming the 2008 corn crop. But rally capped by profit-taking after fresh highs hit in Asian tra
Published 13 Jun, 2008 12:00am
US MIDDAY: wheat down

US MIDDAY: wheat down

July wheat was down 26 cents at $8.43 per bushel. Profit-taking setback after Wednesday's limit rally and seasonal harvest pressure. Early weakness in crude oil and gold plus a firmer dollar add pressure. But weather concerns for corn limit declines in wh
Published 13 Jun, 2008 12:00am
US MIDDAY: soyabeans lower

US MIDDAY: soyabeans lower

July soyabean futures were down 3 cents at $15.13-1/2 per bushel, new-crop November was down 14 at $14.95. Lower on profit-taking after Wednesday's limit gains. Early weakness in crude oil and gold plus a firmer dollar add pressure. July soyameal was down
Published 13 Jun, 2008 12:00am
US MIDDAY: copper sags

US MIDDAY: copper sags

US copper futures fell to their lowest point in three months early Thursday as a stronger tone in the dollar and an uncertain near-term demand outlook continued to exert downward pressure on the red metal, analysts said. Copper for July delivery was tradi
Published 13 Jun, 2008 12:00am
US MIDDAY: gold falls

US MIDDAY: gold falls

US gold futures unwound day-earlier gains, dropping to levels last seen on March 2, as crude oil prices reversed course to fall nearly $3 a barrel and the dollar turned higher against the euro, traders said on Thursday. The August gold contract on the Com
Published 13 Jun, 2008 12:00am
Mumtaz Bhutto says nothing allocated for the poor

Mumtaz Bhutto says nothing allocated for the poor

Sindh National Front (SNF) Chief Sardar Mumtaz Ali Bhutto Thursday criticised the federal budget for fiscal year 2008-09 as saying all promises made by the PPP government to end price hike and unemployment had proved fail. No funds in the budget have been
Published 13 Jun, 2008 12:00am
Sindh government activates BBSYDP

Sindh government activates BBSYDP

Sindh Government has activated the Provincial Co-ordination Unit for co-ordinating the activities under Benazir Bhutto Shaheed Youth Development Programme (BBSYDP). Abdul Kabir Kazi, Programme Director, Sindh Devolved Social Services Programme (SDSSP) has
Published 13 Jun, 2008 12:00am
Abdul Baqy made new managing director of Merck

Abdul Baqy made new managing director of Merck

A reception was held to bid farewell to Jurgen Konig, Managing Director, Merck (Pvt) Ltd and to introduce Abdul Baqy Khan as the new Managing Director of Merck at Acropolis Halls, Clifton. The reception was hosted by Walter Zywottek, General Partner and m
Published 13 Jun, 2008 12:00am
Preparations start to celebrate Benazir Shaheed week

Preparations start to celebrate Benazir Shaheed week

In connection with the 55th birthday of Mohtarma Benazir Bhutto Shaheed, Pakistan Peoples Party (PPP) AJK Chapter would celebrate 'Benazir Shaheed Week' from June 15 to 22. PPP has started preparations in this regard. PPP AJK office-bearers said that duri
Published 13 Jun, 2008 12:00am
FUUAST exams in July

FUUAST exams in July

The Federal Urdu University of Arts, Science and Technology (FUUAST) will conduct the examinations of BA, B Com and MA private candidates next month. This was announced by the Controller of Examinations of the institution here on Thursday.
Published 13 Jun, 2008 12:00am
Over 6,300 PIA employees to be regularised

Over 6,300 PIA employees to be regularised

Over 6,300 contractual employees of PIA would be regularised, according to the recent decision announced by the government. According to PIA sources, the employees who are to be regularised are in Grade I to Grade VIII that is equivalent to BPS-1 to BPS-1
Published 13 Jun, 2008 12:00am
Apwa office bearer hails budget

Apwa office bearer hails budget

A senior office bearer of the All Pakistan Women's Association (APWA) has hailed the federal budget for the fiscal 2008-09. Talking to APP here on Thursday, Yasmin Dastur, APWA's Vice-president, Human Resource and Administration, described this as a balan
Published 13 Jun, 2008 12:00am
'Women complex to be set up in every city'

'Women complex to be set up in every city'

Women complex would be set up in every city and district of the province. This was announced by the Sindh Minister for Women Development, Tauqeer Fatima Bhutto, here on Thursday. She said that the women complex would consist of a conference room, library
Published 13 Jun, 2008 12:00am
Till how long?

Till how long?

Pakistan and Saudi Arabia have strong and close relations which are based on mutual respect, harmony, shared values and a common faith. Earlier, during the earthquake, the Saudi Government and people had extended whole hearted and generous support for rel
Published 13 Jun, 2008 12:00am
SPOTLIGHT: Hats off to...!

SPOTLIGHT: Hats off to...!

In writing this piece I am inspired by President Musharraf's "hats off" to those who carried out the Lal Masjid operation. Hats off to Asif Zardari for managing Nawaz Sharif so effectively by leading him up the garden path for so long, for successfully pr
Published 13 Jun, 2008 12:00am
Budget Briefing 2008 - I

Budget Briefing 2008 - I

The Bill seeks to expand the definition of "Dividend" as defined in Clause (19) of Section 2 by proposing insertion of a new Sub-clause (f). While profit of a branch of a foreign company operating in Pakistan was always subject to tax in Pakistan like any
Published 13 Jun, 2008 12:00am
Budget Briefing 2008 - I

Budget Briefing 2008 - I

The Bill seeks to expand the definition of "Dividend" as defined in Clause (19) of Section 2 by proposing insertion of a new Sub-clause (f). While profit of a branch of a foreign company operating in Pakistan was always subject to tax in Pakistan like any
Published 13 Jun, 2008 12:00am
Budget Briefing 2008 - I

Budget Briefing 2008 - I

The Bill seeks to expand the definition of "Dividend" as defined in Clause (19) of Section 2 by proposing insertion of a new Sub-clause (f). While profit of a branch of a foreign company operating in Pakistan was always subject to tax in Pakistan like any
Published 13 Jun, 2008 12:00am
On the rocks

On the rocks

Over the years since 2001 when Pakistan became a partner of the United States in the 'war on terror' its territory and people have been targets of the 'friendly fire' from across the border. In the name of targeting suspected Taliban hideouts and gatherin
Published 13 Jun, 2008 12:00am
Now search for the missing link

Now search for the missing link

The Federal Budget presented by Finance Minister Syed Naveed Qamar seems to have completely failed to grasp the magnitude of the economic crisis facing the country and does not offer a credible stabilisation programme to arrest further erosion of macro-ec
Published 13 Jun, 2008 12:00am
PIDA implementing communication plan

PIDA implementing communication plan

Punjab Irrigation and Drainage Authority, (PIDA), is implementing a well-structured 'communication plan' to upgrade the standard of interaction with farming community and other stakeholders of five Area Water Boards, (AWBs), to make the irrigation adminis
Published 13 Jun, 2008 12:00am
Punjab food department received over 2.55 million tonnes of wheat

Punjab food department received over 2.55 million tonnes of wheat

Punjab Food Minister Malik Nadeem Kamran has said the provincial government has conveyed its federal counterpart about its wheat requirement, telling the latter it will import 2.5 million tonnes of wheat and put up bids on June 14.
Published 13 Jun, 2008 12:00am
Jewellery exhibition

Jewellery exhibition

Governor Salman Taseer's wife on Thursday opened a three-day exhibition of beaded jewellery, organised by AHAN - a project by the Small and Medium Enterprises Development Authority (Smeda) and the Pakistan Institute of Fashion Design (PIFD).
Published 13 Jun, 2008 12:00am
PSMA criticises cancellation of sugar bids

PSMA criticises cancellation of sugar bids

A spokesman for Pakistan Sugar Mills Association (PSMA) has criticised the cancellation of two bids by the Trading Corporation of Pakistan (TCP) to get 50,000 tonnes each tenders (total 100,000 tonnes) of sugar. These tenders were called to procure sugar
Published 13 Jun, 2008 12:00am
Director, sub-engineer suspended

Director, sub-engineer suspended

The Secretary, Housing and Urban Development (HUD) has suspended Director, Punjab Housing and Town Planning Agency (PHTPA), Bhakkar Nisar Ahmad Zahid and Sub-Engineer, Rasheed Ahmad on charges of malpractice in the area development scheme, Layyah III.
Published 13 Jun, 2008 12:00am
LDA orders installation of two new tubewells

LDA orders installation of two new tubewells

Taking serious notice of water shortage in various sector of Township scheme, Lahore Development Authority (LDA) Director General Irfan Ali has directed for installation of two new tubewells in sectors B1 and C1. He passed these instructions while listeni
Published 13 Jun, 2008 12:00am
Punjab livestock department to get around Rs two billion for ADP

Punjab livestock department to get around Rs two billion for ADP

The Punjab Livestock and Dairy Development Department is likely to get around Rs 2 billion for its Annual Development Programme (ADP) in the provincial budget 2008-09 with 60 percent share for the on-going schemes and 40 percent for the new schemes.
Published 13 Jun, 2008 12:00am
PMA joins long march

PMA joins long march

Pakistan Medical Association (PMA) has supported the struggle of lawyers for restoration of judiciary and announced to participation in their long march. This was announced by the PMA representatives at a press conference held at Rawalpindi-Islamabad Pres
Published 13 Jun, 2008 12:00am
Lawyers boycott courts proceedings in Balochistan

Lawyers boycott courts proceedings in Balochistan

Lawyers across Balochistan boycotted proceedings of Balochistan High Court and all subordinate courts for the fourth day on Thursday in the province including the provincial metropolis in protest against the delay in reinstatement of the deposed judges of
Published 13 Jun, 2008 12:00am
Long march proceeds to Islamabad

Long march proceeds to Islamabad

The long march launched to compel the government to revive the judiciary and reinstate deposed judges proceeded to Islamabad from the main gate of the Lahore High Court on Thursday evening. President Supreme Court Bar Association Aitzaz Ehsan, former pres
Published 13 Jun, 2008 12:00am
Director General ACP directs officers to upgrade performance

Director General ACP directs officers to upgrade performance

The Director General, Anti Corruption Punjab (ACP), Tariq Saleem, has directed the senior officer to uphold merit during inquires and investigation of cases and give top priority to disposal of pending cases. While, presiding over a meeting of Regional Di
Published 13 Jun, 2008 12:00am
Mechanism evolved to improve night patrolling

Mechanism evolved to improve night patrolling

A comprehensive mechanism has been evolved to further improve night patrolling and make it purposeful in provincial metropolis under the direction of Capital City Police Chief, Muhammad Pervez Rathore. Under this mechanism performance of officials will be
Published 13 Jun, 2008 12:00am
Drive against fake pesticides sellers planned

Drive against fake pesticides sellers planned

The Agricultural Task Force (ATF) will launch a drive against sale of fake pesticides in the current Kharif season. It was decided in a meeting of Agricultural Task Force chaired by the Secretary Agriculture, Javed Iqbal Awan held here on Thursday.
Published 13 Jun, 2008 12:00am
FCS holds medical camp

FCS holds medical camp

Fishermen's Co-operative Society (FCS) has recently organised a one-day Medical Camp for the flood effected people of Rehri Goth where free medical treatment and medicine provided to their camp was supervised by Chief Medical Officer Dr Syed Akbar Ali.
Published 13 Jun, 2008 12:00am
Zardari says lease for KPC before August 14

Zardari says lease for KPC before August 14

While the Karachi Press Club (KPC) would get a long pending lease before August 14, the Sindh government would soon allot plots to new members of the club. The assurances came from the Pakistan People's Party (PPP) co-chairman Asif Ali Zardari who visited
Published 13 Jun, 2008 12:00am
Aptma upbeat about enhancing textile export to $20 billion, if...

Aptma upbeat about enhancing textile export to $20 billion, if...

All Pakistan Textile Mills Association Chairman Iqbal Ibrahim on Thursday said that the country's textile industry has capability to enhance textile export up to 20 billion dollars during next five years if the government provides cheapest land, smooth su
Published 13 Jun, 2008 12:00am
Textile machinery exhibition to be held in New Delhi

Textile machinery exhibition to be held in New Delhi

The international textile machinery exhibition, TEXMAC India, will be held from April 15 to 18, 2009 in New Delhi. The fair supported by the Confederation of Indian Textile Industry (CITI) and the key international manufacturers' association. Texmac India
Published 13 Jun, 2008 12:00am
Defence minister briefed about CAA performance

Defence minister briefed about CAA performance

The Civil Aviation Authority (CAA) is aiming to allow the market forces determine the prices, quality, frequency and range of air services options in Pakistan, says a press release. This was stated by CAA Director General Farooq Rehmatullah in his briefin
Published 13 Jun, 2008 12:00am
Pakistan's foreign exchange reserves fall by $224.8 million

Pakistan's foreign exchange reserves fall by $224.8 million

The total liquid foreign exchange reserves declined by $224.8 million to $10,953.5 million in the week ending June 12, 2008 as compared to $11,178.3 billion recorded on June 5, 2008, the State Bank of Pakistan (SBP) said on Thursday.
Published 13 Jun, 2008 12:00am
Causes behind poor web-developing business highlighted

Causes behind poor web-developing business highlighted

Expensive international calling rates and slow internet speed in Pakistan are two major problems hampering the progress of web-developing business in Pakistan, said CEO, A2Z Creatorz, M Zohaib Khan.
Published 13 Jun, 2008 12:00am
Hosiery, knitwear exporters criticise budget

Hosiery, knitwear exporters criticise budget

Hosiery and Knitwear exporters have criticised the next fiscal budget and demanded special relief for textile industry. Large number of Hosiery and Knitwear exporters and members of Pakistan Hosiery Manufacturers Association (PHMA) assembled at the Centra
Published 13 Jun, 2008 12:00am
Feed price hike: chick production down 35 percent in three months

Feed price hike: chick production down 35 percent in three months

With simmering price hike of feed by about Rs 550 per 50-kg bag, some 70 percent poultry farms in parts of NWFP have closed down while chick production across the country has slumped by 35 percent during the last three months.
Published 13 Jun, 2008 12:00am
Adequate funds allocated for Dera Ismail Khan

Adequate funds allocated for Dera Ismail Khan

Deputy Speaker of National Assembly Faisal Karim Kundi has informed a group of elders from Dera Ismail Khan that Rs 2,000 million has been allocated for Gomal Zam Dam and Rs 50 million for Chashma Right Bank Canal in the 2008-2009 budget.
Published 13 Jun, 2008 12:00am
Provincial, autonomous status for Northern Areas sought

Provincial, autonomous status for Northern Areas sought

The advisor on finance and revenue of the Northern Areas Legislative Assembly (Nala), Mirza Hussain, has demanded of the coalition government provincial setup or an autonomous political status in line with the Azad Jammu and Kashmir.
Published 13 Jun, 2008 12:00am
NWFP chief minister calls for reviewing war on terror policy

NWFP chief minister calls for reviewing war on terror policy

Chief Minister NWFP Ameer Haider Khan Hoti while strongly condemning the brutal air strikes by the US jetfighters in Mohmand Agency urged the federal government that time has come to review the policy on war on terror.
Published 13 Jun, 2008 12:00am
Tube wells of Islamabad's rural areas in state of shambles

Tube wells of Islamabad's rural areas in state of shambles

There are a large number of tube wells set up in rural areas of the federal capital, but most of them are in state of shambles, locals said here on Thursday. A total of 60 tube wells were set up in Union Council Suhan but only 20 of them in operational co
Published 13 Jun, 2008 12:00am
PSM submits $2 billion plan for expansion

PSM submits $2 billion plan for expansion

Pakistan Steel Mills (PSM) has submitted a $2 billion plan for its expansion in third phase, which will enhance its output to over 3 million tons per annum, an official said on Thursday. The plan was presented to advisor to the Prime Minister on Industrie
Published 13 Jun, 2008 12:00am
Implementing NEPAP&SP: JICA may provide assistance

Implementing NEPAP&SP: JICA may provide assistance

Japan International Co-operation Agency (JICA) may provide assistance for implementation of National Environment Policy Action Plan and Sanitation Policy (NEPAP&SP) to off-set the huge cost of environmental de-gradation at the rate of Rs 365 billion per a
Published 13 Jun, 2008 12:00am
Shammi paints brilliant coloured flowers

Shammi paints brilliant coloured flowers

Flowers are seen in provision and brilliant colours in the paintings of Muslim artists and painters. Now, senior citizen and with silver hairs, Shammi, also a close relative of the famous intellectual, the late Eqbal Ahmed, offers a collection of 19 canva
Published 13 Jun, 2008 12:00am
IBP to hold budget breakfast forum on June 14

IBP to hold budget breakfast forum on June 14

The Institute of Bankers Pakistan (IBP) is organising Budget Breakfast Forum on June,14. Highly experienced professionals & top of the line leading scholars have been invited to speak on the occasion. Former Secretary Finance, Aftab Ahmad Khan, will speak
Published 13 Jun, 2008 12:00am
SLIC's new chairman assumes charge

SLIC's new chairman assumes charge

Shahid Aziz Siddiqi has assumed the charge as Chairman State Life Insurance Corporation of Pakistan (SLIC). According to a press release issued here on Thursday, Shahid Aziz Siddiqi holds master degree from Karachi University and Postgraduate degree in De
Published 13 Jun, 2008 12:00am
Wattoo briefed about Pasdec's projects

Wattoo briefed about Pasdec's projects

Mian Manzoor Ahmad Wattoo, advisor to the Prime Minister on Industries, chaired a briefing on Pakistan Stone Development Company (Pasdec). Ehsanullah Khan Chairman Pasdec gave a detailed briefing about the various projects of Pasdec.
Published 13 Jun, 2008 12:00am
The Weather

The Weather

The weather report on Thursday (June 12, 2008) and the forecast for Friday (June 13, 2008).
Published 13 Jun, 2008 12:00am
E&T Department NWFP achieves 80 percent revenue target

E&T Department NWFP achieves 80 percent revenue target

The Excise and Taxation Department of NWFP achieved 80 percent target of the tax target of Rs 1526.780 million for the current financial year of 2007-08. The department has so far collected Rs 1164.979 million. This was told to NWFP Minister for Excise an
Published 13 Jun, 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 13 Jun, 2008 12:00am
Supreme Court dismisses petition against Shahbaz

Supreme Court dismisses petition against Shahbaz

The Supreme Court bench Thursday dismissed an election petition against Punjab Chief Minister Mian Muhammad Shahbaz Sharif, declaring it non-maintainable and directed the Lahore High Court (LHC) to settle the matter in two days. A three-member bench of th
Published 13 Jun, 2008 12:00am
India to repatriate bodies of two more Pakistanis

India to repatriate bodies of two more Pakistanis

Bodies of two more Pakistanis, including a woman, who died in India while in custody some time back, will be repatriated on Friday, a member of the Pakistan-India Judicial Committee on Prisoners said here on Thursday.
Published 13 Jun, 2008 12:00am
Minfal prepares new project for bird flu control

Minfal prepares new project for bird flu control

Ministry of Food, Agriculture & Livestock (Minfal) has prepared a new project, "National Programs for the Control and Prevention of Avian Influenza" at a cost of Rs 1180.142 million to control bird flu. According to official sources, the project duration
Published 13 Jun, 2008 12:00am
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