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Print - 2008-06-22
Iran women's activist jailed for five years

Iran women's activist jailed for five years

An Iranian women's rights activist has been sentenced to five years in prison on security-related charges, her lawyer said on Saturday. Hana Abdi, a 22-year-old woman from Iran's Kurdistan province, was accused of "illegal gathering with the intention of
Published 22 Jun, 2008 12:00am
Smokers offered food money if they quit

Smokers offered food money if they quit

Smokers in deprived parts of one of Scotland's biggest cities are being offered food vouchers worth 50 pounds a month if they give up smoking, the National Health Service said on Saturday. They will have to pass weekly carbon monoxide breath tests at thei
Published 22 Jun, 2008 12:00am
China denounces Dalai Lama on Tibet torch relay

China denounces Dalai Lama on Tibet torch relay

Chinese Communist Party officials in charge of restive Tibet used the passing of the Olympic torch relay through the capital Lhasa on Saturday to defend their control and denounce the exiled Dalai Lama.
Published 22 Jun, 2008 12:00am
UN council urges action on sexual violence in war

UN council urges action on sexual violence in war

The UN Security Council demanded on Thursday that warring governments and factions act to halt violence against women, saying rape was no longer just a by-product of war but a military tactic.
Published 22 Jun, 2008 12:00am
US Hezbollah charge a pretext: Chavez

US Hezbollah charge a pretext: Chavez

Venezuelan President Hugo Chavez said on Friday a US accusation that his government harbours men raising funds for Hezbollah was a pretext to have him tried in international court. The United States, which has worsening ties with Chavez, said on Wednesday
Published 22 Jun, 2008 12:00am
Chavez misunderstood migration law: EU

Chavez misunderstood migration law: EU

Venezuelan President Hugo Chavez seems to have misunderstood a new European Union migration law, EU leaders said on Friday after the head of the energy-rich nation threatened to stop selling them oil. The 27-nation bloc agreed this week that illegal immig
Published 22 Jun, 2008 12:00am
At least 12 dead in Mexico nightclub crush

At least 12 dead in Mexico nightclub crush

At least 12 people died and 18 were injured on Friday when hundreds of young party-goers rushed to get out of a crowded nightclub in the Mexican capital during a raid on under-age drinkers, police said.
Published 22 Jun, 2008 12:00am
Taiwan city opens crisis centre for men assaulted by wives

Taiwan city opens crisis centre for men assaulted by wives

A Taiwan city has opened a crisis centre for men who have been victims of an increasing incidence of assaults by women against their male partners, Taiwan radio said on Saturday. The Kaohsiung City Government has opened the Men's Crisis Centre as the numb
Published 22 Jun, 2008 12:00am
Turkish army denies secret propaganda campaign

Turkish army denies secret propaganda campaign

Turkey's military denied a report on Friday that it had waged a secret propaganda campaign to win public support for its tough stance on secularism and opposition to key policies of the ruling AK Party.
Published 22 Jun, 2008 12:00am
Sikhs riot in Mumbai city over man's killing

Sikhs riot in Mumbai city over man's killing

Hundreds of Sikh protestors clashed with the police, damaged buses and blocked rail tracks in India's Mumbai city on Saturday demanding that criminal charges be slapped against the leader of a sect whose bodyguards shot dead a Sikh man, officials said.
Published 22 Jun, 2008 12:00am
Tiger kills three Bangladeshis in village attack

Tiger kills three Bangladeshis in village attack

A tiger killed three people in Bangladesh before villagers trapped the animal and beat it to death on Saturday, police said. The tiger stormed into the village late on Friday, killing the three people, then continued to roam the settlement until panicked
Published 22 Jun, 2008 12:00am
Hamas to keep smuggling activities

Hamas to keep smuggling activities

Hamas's leader in the Gaza Strip Ismail Haniyeh said on Friday the Islamist group would not stop smuggling activities in the territory. Stopping smuggling is a central Israeli demand in an Egyptian-brokered Gaza cease-fire agreed between Israel and Hamas
Published 22 Jun, 2008 12:00am
Obama, Hillary to campaign together

Obama, Hillary to campaign together

Former presidential candidate Hillary Clinton will join Barack Obama on the campaign trail next week for the first time since Obama emerged as the presumptive Democratic nominee on June 3. Obama, an Illinois senator, has been intent on trying to unify the
Published 22 Jun, 2008 12:00am
US Treasuries up

US Treasuries up

US Treasury debt prices rallied on Friday as falling stocks and concerns about the health of the financial sector drove a bid for safe-haven government debt. Equities investors showed fresh concerns about banks, auto makers and the impact of higher oil pr
Published 22 Jun, 2008 12:00am
US Treasuries up

US Treasuries up

US Treasury debt prices rallied on Friday as falling stocks and concerns about the health of the financial sector drove a bid for safe-haven government debt. Equities investors showed fresh concerns about banks, auto makers and the impact of higher oil pr
Published 22 Jun, 2008 12:00am
Emerging debt spreads widen

Emerging debt spreads widen

Emerging sovereign debt spreads, an important measure of risk aversion, widened on Friday, while US equities sold off on concerns about banks and inflation.
Published 22 Jun, 2008 12:00am
Emerging debt spreads widen

Emerging debt spreads widen

Emerging sovereign debt spreads, an important measure of risk aversion, widened on Friday, while US equities sold off on concerns about banks and inflation.
Published 22 Jun, 2008 12:00am
Argentine stocks inch higher

Argentine stocks inch higher

Argentine stocks inched higher on Friday, thanks to a rebound in depressed banking shares. The benchmark MerVal stock index edged up 0.14 percent to 2,066.28 points, buoyed by a 9.26-percent jump in the share price of Argentine bank Banco Hipotecario, whi
Published 22 Jun, 2008 12:00am
Paying debt with IPO proceeds? Investors may not buy

Paying debt with IPO proceeds? Investors may not buy

The bearish market has made it harder for new companies to convince investors to buy their stock, especially if they plan to use most of the cash raised from an IPO to pay down debt and have no compelling growth story to tell.
Published 22 Jun, 2008 12:00am
Chile stocks decline

Chile stocks decline

Chilean stocks fell across sectors on Friday, following the trend of global markets as oil prices rebounded. The all-market IGPA index fell 1.05 percent to close at 14,706.88 points, while the blue chip IPSA index retreated 1.20 percent to 3,035.16 points
Published 22 Jun, 2008 12:00am
Mexican shares drop

Mexican shares drop

The Mexican stock index dropped 1.05 percent to 29,533.44 points on Friday. In stock trading, shares in cement maker Cemex fell 2.18 percent to 24.65 pesos, while conglomerate Alfa fell 2.11 percent to 74.17 pesos. Shares in Group Modelo ended down 3.16 p
Published 22 Jun, 2008 12:00am
American credit market outlook

American credit market outlook

Downgrades of MBIA Inc and Ambac Financial Group may leave managers of some structured credit products exposed to the bond insurers with a difficult decision to either see the deals get downgraded or trade out of the names and post large losses.
Published 22 Jun, 2008 12:00am
American credit market outlook

American credit market outlook

Downgrades of MBIA Inc and Ambac Financial Group may leave managers of some structured credit products exposed to the bond insurers with a difficult decision to either see the deals get downgraded or trade out of the names and post large losses.
Published 22 Jun, 2008 12:00am
Toronto stocks end down

Toronto stocks end down

The Toronto Stock Exchange's main index fell more than 200 points on Friday as financial issues were hurt by inflation fears and worries over more US mortgage-related problems, while consumer stocks also fell. The S&P/TSX composite index slid 209.48 point
Published 22 Jun, 2008 12:00am
Canadian bond prices rise

Canadian bond prices rise

The Canadian bond prices ended higher on Friday across the curve as the market continued price out the idea that central banks in North America will be raising interest rates any time soon.
Published 22 Jun, 2008 12:00am
Canadian bond prices rise

Canadian bond prices rise

The Canadian bond prices ended higher on Friday across the curve as the market continued price out the idea that central banks in North America will be raising interest rates any time soon.
Published 22 Jun, 2008 12:00am
Brazil stocks plunge to eight-week low

Brazil stocks plunge to eight-week low

Brazil's stocks fell to their lowest level in eight weeks on Friday as a slump in US equity markets sapped demand for riskier emerging market securities. The Sao Paulo Stock Exchange's benchmark Bovespa index dropped 2.97 percent to 64,613.79 points, its
Published 22 Jun, 2008 12:00am
Dow closes below 12,000

Dow closes below 12,000

US stocks fell sharply on Friday with the Dow closing below 12,000 for the first time since mid-March as rising oil prices and warnings of more mortgage-related write-downs at banks reignited investor fears of worse to come.
Published 22 Jun, 2008 12:00am
Kenyan shilling eases

Kenyan shilling eases

The Kenyan shilling eased against the US dollar on Friday in thin trading as the local unit searched for direction, dealers said. The leading commercial banks posted the local unit at 64.40/50, compared with Thursday's closing level of 64.35/45.
Published 22 Jun, 2008 12:00am
Mexican peso at five-year high

Mexican peso at five-year high

Mexico's peso jumped to a five-year high against the dollar but stocks slumped on Friday after the central bank raised its key interest rate for the first time in eight months to tackle rising inflation.
Published 22 Jun, 2008 12:00am
Dollar falls on credit jitters

Dollar falls on credit jitters

The dollar fell broadly on Friday as fears of further write-downs in the US financial sector raised speculation the Federal Reserve would not signal a shift toward tighter monetary policy when it meets next week. Rising oil prices, more inflation-busting
Published 22 Jun, 2008 12:00am
Brazilian real eases

Brazilian real eases

Brazil's currency weakened on Friday and stocks fell to their lowest level in almost eight weeks as investors sold off blue chip stocks weighed down by a slump in US equity markets. The Sao Paulo Stock Exchange's benchmark Bovespa index fell 1.04 percent
Published 22 Jun, 2008 12:00am
Won wipes out gains

Won wipes out gains

The South Korean won wiped out small early gains against the dollar by midday on Friday as foreign sales in the shaky local stock market offset an earlier boost from a drop in oil prices. The won was quoted at 1,025.8/6.1 per dollar after rising to as hig
Published 22 Jun, 2008 12:00am
Taiwan dollar ends flat

Taiwan dollar ends flat

The Taiwan dollar ended flat on Friday as US dollar sales by foreign institutions and exporters were offset by the central bank's intervention. The Taiwan dollar ended at T$30.382 to the US dollar, nearly flat from the previous close of T$30.380. Volume o
Published 22 Jun, 2008 12:00am
Canadian dollar lower

Canadian dollar lower

The Canadian dollar capped a winning week with a lower close on Friday as details of stronger-than-expected domestic retail sales data ate away at gains made by the currency moments after the retail sales report landed. Canadian bond prices ended higher a
Published 22 Jun, 2008 12:00am
Over 120,000 Dutch fans invade Basel

Over 120,000 Dutch fans invade Basel

An orange tidal wave swept over Basel on Saturday, as over 120,000 Dutch supporters in team colours invaded the city ahead of their country's quarter-final against Russia, local police said. "We're in a state of emergency," a police officer said, noting h
Published 22 Jun, 2008 12:00am
Olympic torch relay passes through Tibetan capital

Olympic torch relay passes through Tibetan capital

Hand-picked spectators cheered runners as the Olympic torch relay passed through Tibet's capital Lhasa on Saturday, just three months after deadly riots against China's rule here. Paramilitary police watched the event closely from the ground and surroundi
Published 22 Jun, 2008 12:00am
Australia lose rain-affected Twenty20 with West Indies

Australia lose rain-affected Twenty20 with West Indies

Australia lost their unblemished Caribbean tour record as the West Indies completed a seven-wicket victory in a rain-affected Twenty20 International on Friday. Defending a victory target of 98 from 11 overs, Australia failed to keep a lid on the West Indi
Published 22 Jun, 2008 12:00am
Clichy signs new Arsenal contract

Clichy signs new Arsenal contract

Arsenal defender Gael Clichy has signed a new long-term contract with the Premier League club. Clichy, 22, has been rewarded for an outstanding season with the Gunners that saw him voted into the PFA's Premier League team of the Year.
Published 22 Jun, 2008 12:00am
Turkey's heroics take their toll

Turkey's heroics take their toll

Turkey, decimated by injuries and suspensions, face a race against time to patch up their war-weary soldiers for Wednesday's Euro 2008 semi-final clash with Germany. The Turks owe their first ever last four appearance to Friday's remarkable quarter-final
Published 22 Jun, 2008 12:00am
Radwanska holds off Petrova to win Eastbourne

Radwanska holds off Petrova to win Eastbourne

Poland's Agnieszka Radwanska heads to Wimbledon with three season titles in her pocket after defeating Nadia Petrova 6-4, 6-7 (11/13), 6-4 on Saturday to win the Eastbourne Championships. The 19-year-old ranked 14th joins elite company with Maria Sharapov
Published 22 Jun, 2008 12:00am
Champions Trophy: Australia in five-goal flourish

Champions Trophy: Australia in five-goal flourish

Australia defeated South Korea 5-3, Argentina and Germany drew 2-2 while the Netherlands defeated Spain 3-1 on the first day of the men's Champions Trophy field hockey tournament here Saturday. Australia controlled the first 15 minutes of each half to sco
Published 22 Jun, 2008 12:00am
Tamarine stuns Safina to win second career title

Tamarine stuns Safina to win second career title

Thai veteran Tamarine Tanasugarn completed her dramatic run from qualifying to capture her second career title at the WTA grasscourt tournament here on Saturday. The 31-year-old beat Russian second seed, and French Open runner-up, Dinara Safina 7-5, 6-3 t
Published 22 Jun, 2008 12:00am
China railway building accident kills seven

China railway building accident kills seven

A steel arch on a bridge on a new railway line in south-eastern China collapsed on Saturday killing at least seven people, injuring 21 and burying three houses, state media reported. The government of Wenzhou, in the booming coastal province of Zhejiang,
Published 22 Jun, 2008 12:00am
Obama raised $21.9 million in May

Obama raised $21.9 million in May

Barack Obama raised $21.9 million in May, his campaign reported on Friday, a day after the Democratic candidate said he would reject public financing for his presidential bid. The Illinois senator's campaign said it had $43.1 million in the bank at the en
Published 22 Jun, 2008 12:00am
Angola leader urges end to Zimbabwe poll violence

Angola leader urges end to Zimbabwe poll violence

Angola's veteran leader has added his weight to appeals to Zimbabwe's government to end the political violence and intimidation that is threatening the legitimacy of its June 27 presidential run-off election. President Jose Eduardo dos Santos, an old ally
Published 22 Jun, 2008 12:00am
Bangladesh parties reject local elections

Bangladesh parties reject local elections

Major political parties in Bangladesh turned down Saturday the offer of local government polls by the military backed interim regime ruling the country for more than a year, officials said.
Published 22 Jun, 2008 12:00am
Mississippi floodwaters cresting

Mississippi floodwaters cresting

The crest of the swollen Mississippi River moved relentlessly downstream on Saturday as volunteers manned sandbagged levees, nursed hopes and coped with the costs of the worst US Midwest flooding in 15 years.
Published 22 Jun, 2008 12:00am
Saudi-sponsored interfaith meet to be held in Spain

Saudi-sponsored interfaith meet to be held in Spain

Saudi Arabia and Spain have agreed to hold an interfaith dialogue of Muslims, Christians and Jews in Madrid in July, Saudi media reported on Saturday. The dialogue, called for by King Abdullah after he won the backing of Sunni and Shi'ite clerics at a mee
Published 22 Jun, 2008 12:00am
Presence of ice on Mars confirmed

Presence of ice on Mars confirmed

Scientists rejoiced Friday after the Phoenix Mars lander confirmed their long-held belief that ice is hiding under the surface in the Red Planet's northern region. The lander's robotic arm started digging trenches into Martian soil after touching down nea
Published 22 Jun, 2008 12:00am
Typhoon leaves 19 dead in Philippines

Typhoon leaves 19 dead in Philippines

Flash floods and landslides triggered by Typhoon Fengshen left at least 19 people dead in the Philippines, while an overflowing dam stranded tens of thousands on rooftops, officials said Saturday.
Published 22 Jun, 2008 12:00am
Iran presses on with uranium enrichment 'non-stop'

Iran presses on with uranium enrichment 'non-stop'

Iran is pressing on with uranium enrichment "non-stop", its envoy to the UN nuclear agency was quoted as saying on Saturday, despite a world powers' offer of economic incentives to coax Tehran into halting such activities.
Published 22 Jun, 2008 12:00am
ASI gunned down

ASI gunned down

Unknown armed men gunned down an Assistant Sub-Inspector of Police at Mano Jan Road, on Saturday, DIG Police Rehmatullah Niazi said. According to reports, ASI Abid was going home in plain clothes when some unidentified, armed men sprayed him with bullets.
Published 22 Jun, 2008 12:00am
Magsi assures security to foreign investors in Balochistan

Magsi assures security to foreign investors in Balochistan

Governor Balochistan Nawab Zulfiqar Ali Magsi on Saturday termed reports appearing in national and international media saying poor law and order situation in Balochistan as against the realty. He said law and order situation across the province except a f
Published 22 Jun, 2008 12:00am
In Filipino organ trade, poor sell kidneys for quick buck

In Filipino organ trade, poor sell kidneys for quick buck

Nilda Reyes winced as she lifted a chair to give to a customer in her small neighbourhood store that is also her home in Manila's slum district of Tondo. The widowed 36-year-old mother of two admitted that she still feels pain from her side, almost five m
Published 22 Jun, 2008 12:00am
Thai rice gurus predict long-term seller's market

Thai rice gurus predict long-term seller's market

"Even if you become a saint, you cannot predict rice prices," goes an old Chinese proverb. Even so, the rice gurus of Thailand - the world's largest rice exporter for the past four decades - may be in a better position than most to predict the future. And
Published 22 Jun, 2008 12:00am
Tractor industry and budget 2008

Tractor industry and budget 2008

Pakistan is basically an agricultural country and its almost 70% of the economy is based on agriculture. Today tractors and agricultural equipment's play a major role in mechanised farming instead of conventional way of ploughing lands.
Published 22 Jun, 2008 12:00am
Why abolish R&D support for textile sector?

Why abolish R&D support for textile sector?

It was shocking to read in daily Business Recorder dated 14 June 2008 that the Federal Government has finally abolished the research and development (R&D) support programme for textile sector. This decision is merely based on the following reasons.
Published 22 Jun, 2008 12:00am
Bulgaria to allow anti-graft surveillance by EU

Bulgaria to allow anti-graft surveillance by EU

Faced with rampant corruption in Bulgaria, the European Union is slapping special cash-flow controls on a member country for the first time. Bulgarian and EU officials plan to launch software to help track EU aid in the Balkan nation, whose pledges to cle
Published 22 Jun, 2008 12:00am
Myanmar refugees sidelined after cyclone, food price rise

Myanmar refugees sidelined after cyclone, food price rise

Life as a refugee has dealt Hsaw Reh many blows. His education was pitiful, alcohol abuse is rife in his community, and the 22-year-old says he feels like a zoo animal, trapped in an overcrowded camp on the Thai-Myanmar border. Nevertheless, in the 13 yea
Published 22 Jun, 2008 12:00am
Issues and prospects: coal power generation in Pakistan - II

Issues and prospects: coal power generation in Pakistan - II

EMISSIONS AND ENVIRONMENTAL CONCERNS: While coal is going to be the fuel of next century, the issue of emissions control and pollution abatement shall have to be properly addressed in the context of climate change under Kyoto protocol. In the longe
Published 22 Jun, 2008 12:00am
Welcome advice

Welcome advice

Support for Pakistan's desire to be offered a nuclear deal like the one the US proposed to India some time ago, has come from Stephen Cohen, a respected American expert on South Asia at the Brooking Institute in Washington and the author of the book "The
Published 22 Jun, 2008 12:00am
Moving beyond rhetoric

Moving beyond rhetoric

The tumult and disorder besetting the book-launching function he presided over in Lahore on Thursday notwithstanding, Asif Ali Zardari was able to reveal that a PPP president would "soon" occupy the Aiwan-i-Sadr.
Published 22 Jun, 2008 12:00am
Water management

Water management

According to a Recorder Report, human development statistics in Pakistan show that only about 65 percent of the people have access to safe drinking water, whereas the government is committed, as a signatory to the UN Millennium Development Goals, t
Published 22 Jun, 2008 12:00am
'New cane varieties to increase sugar production'

'New cane varieties to increase sugar production'

The scientists of Ayub Agricultural Research Institute (AARI), Faisalabad, have developed sugarcane varieties which have contributed significantly to increase in sugar production in the country.
Published 22 Jun, 2008 12:00am
Cement price up

Cement price up

The hike in the price of cement in the market is still continuing and the new price has reached to Rs 340 per sack. The export of the cement is the main reason for the increase in prices. The cement factories have reduced the supply of cement, high demand
Published 22 Jun, 2008 12:00am
Land mafia: LDA retrieves two Kanal commercial plots

Land mafia: LDA retrieves two Kanal commercial plots

Staff of the Estate Management Directorate of Lahore Development Authority (LDA) retrieved two Kanal commercial plots, situated at Timber Market, Ravi Road, after a successful operation against land grabber here on Saturday. Land mafia had occupied this p
Published 22 Jun, 2008 12:00am
15 percent man-made global emissions can be reduced: report

15 percent man-made global emissions can be reduced: report

Transformation in the way people and businesses use technology could reduce annual man-made global emissions by 15 percent by the year 2020 and deliver energy efficiency savings to global businesses of over 800 billion dollars, according to a new report p
Published 22 Jun, 2008 12:00am
STC sets up stall in Beijing exhibition

STC sets up stall in Beijing exhibition

To project tourism and attract Chinese tourists, the Sarhad Tourism Corporation (STC), has set up its stall in the Beijing International Tourism Exhibition (Bite), said a senior official. 'STC is working to encourage foreign investments in tourism sector
Published 22 Jun, 2008 12:00am
LHC quashes FIR registered against housing scheme chairman

LHC quashes FIR registered against housing scheme chairman

Justice Syed Shabbar Raza Rizvi of the Lahore High Court has quashed an FIR registered against chairman of a private housing scheme Haji Muhammad Rafiq and observed that the Rules of Punjab Private Site Development Schemes 2005 clearly showed that even if
Published 22 Jun, 2008 12:00am
Chief Justice LHC constitutes eight new benches

Chief Justice LHC constitutes eight new benches

Chief Justice Lahore High Court constituted eight new division benches and seventeen single benches for hearing the cases at Principal Seat for the week commencing from June 23. According to a notification issued here on Saturday by LHC, Additional Regist
Published 22 Jun, 2008 12:00am
PML-N wants Musharraf's early ouster

PML-N wants Musharraf's early ouster

The Pakistan Muslim League-Nawaz (PML-N) on Saturday declared that success of the coalition setup depends on as early as possible restoration of judiciary as on November 2, 2007 position and ouster of President Pervez Musharraf.
Published 22 Jun, 2008 12:00am
Three-day mango festival from July 18

Three-day mango festival from July 18

District government will organise a three-day mango festival and international conference from July 18 to 20 in collaboration with Italian government and Chamber of Commerce. Participants from India, Australia, Mexico and Philippine will attend the confer
Published 22 Jun, 2008 12:00am
CCPO awards cash prizes

CCPO awards cash prizes

Capital City Police Officer (CCPO), Muhammad Pervez Rathore has awarded cash prizes worth Rs 34,000 to five police officials on their better performance. The officials who were rewarded include Sub Inspector Karamat, Constable Muhammad Sunta, Muhammad Ami
Published 22 Jun, 2008 12:00am
'Media related laws should be clearly defined'

'Media related laws should be clearly defined'

Speakers at a roundtable conference have asked the government that media related laws as defamation law, privacy law and the definitions such as public interest and national interest used in the Freedom of Information Ordinance, 2002 should be clearly def
Published 22 Jun, 2008 12:00am
Zardari expected to visit Greece, Egypt and Turkey

Zardari expected to visit Greece, Egypt and Turkey

The strongman of ruling Pakistan People's Party, Asif Ali Zardari on a 10-day trip will visit Greece, Egypt and Turkey as soon as the Federal Budget for 2008-09 gets approved, official sources told Business Recorder on Saturday. Sources said that Z
Published 22 Jun, 2008 12:00am
Cotton sown on 20 percent less of target area: Agriculture-expert

Cotton sown on 20 percent less of target area: Agriculture-expert

Agriculture expert, Bahadur Ali Shah has said that cotton crops has been sown on 20 percent less of the target area fixed this year for cultivation of the crops. However, farmers are trying to sow cotton crops reaching nearly end of the season.
Published 22 Jun, 2008 12:00am
Pakistan's per capita income rises from $926 to $1085

Pakistan's per capita income rises from $926 to $1085

Pakistan's per capita income in dollar terms rose from $926 in financial year 2006-07 to $1085 in the outgoing financial year 2007-08 showing an increase of 18.4 percent, official sources said.
Published 22 Jun, 2008 12:00am
Chingiz Aitmatov remembered

Chingiz Aitmatov remembered

Tributes were paid to Chingiz Aitmatov, the celebrated Kyrgyz novelist, and at one time Editor of Soviet Union's International Literature journal at an obituary reference arranged by Pakistan Central Asia Friendship Association and Pakistan Academy of Let
Published 22 Jun, 2008 12:00am
Phutti price touches record high

Phutti price touches record high

Phutti price has touched a record high of Rs 2100 per 40 kilograms, market sources said Saturday. Chairman, Cotton Broker Forum Naseem Usman said that Phutti was selling at Rs 1600 to 1700 per 40 kg in the last season, but the new crop was selling at Rs 2
Published 22 Jun, 2008 12:00am
Four killed, 30 injured in road mishap

Four killed, 30 injured in road mishap

Four persons were killed while 30 others injured in a collision between a bus and truck on Super Highway near Looni Kot, some 30 kilometers from here on Saturday. According to police report, a Hyderabad bound Bus (JA-0412) collided with truck (TLP-955) co
Published 22 Jun, 2008 12:00am
Tripartite MoU signed to initiate civil defence training

Tripartite MoU signed to initiate civil defence training

The provincial departments of Civil Defence, Primary and Secondary Education and GTZ-German Technical Co-operation Saturday signed a tripartite memorandum of understanding (MoU) for initiating of civil defence training for students of grade 9th and 10th i
Published 22 Jun, 2008 12:00am
Students advised to choose right careers

Students advised to choose right careers

'Students should make right choices of their careers and work for the progress of the country'. The Rector, Forman Christian College University, Dr Peter H Armacost has said this while addressing the inaugural ceremony of first batch of the graduating stu
Published 22 Jun, 2008 12:00am
Regularisation of contract teachers demanded

Regularisation of contract teachers demanded

Speakers at a seminar organised by Pakistan Institute of National Affairs (Pina) hailed the Punjab Budget 2008-09 and said it had a vision for future development.
Published 22 Jun, 2008 12:00am
NED senate meeting on June 24

NED senate meeting on June 24

The 16th meeting of the Senate of NED University of Engineering and Technology Karachi will be held at its campus on June 24. This was announced by Registrar of the institution Engineer Javed Aziz Khan on Saturday. He said that Governor of Sindh Dr Ishrat
Published 22 Jun, 2008 12:00am
Government to train 7,000 youth in IT: minister

Government to train 7,000 youth in IT: minister

Sindh government will sponsor the training of 7,000 youth in various trades of information technology (IT) under Benazir Bhutto Shaheed Youth Development programme, recently announced in the provincial budget 2008-09.
Published 22 Jun, 2008 12:00am
AIT and IIU sign MoU

AIT and IIU sign MoU

The Asian Institute of Technology (AIT), Bangkok and the International Islamic University (IIU) on Saturday have signed a Memorandum of Understanding (MoU) for extending academic co-operation. The AIT was represented by its President, Professor Said Irand
Published 22 Jun, 2008 12:00am
Trade workshop

Trade workshop

A workshop on 'Trade facilitation self assessment of needs and priorities of Pakistan' will be held on Monday at Trade Development Authority of Pakistan (TDAP) office. According to an announcement here on Saturday, WTO Cell at TDAP is organising the works
Published 22 Jun, 2008 12:00am
'Load shedding to affect industrial production'

'Load shedding to affect industrial production'

Chairman, Korangi Association of Trade and Industry (Kati) Shaikh Fazil-e-Jalil has condemned above ten hour load shedding in industrial areas of Karachi by KESC and said that this would completely destroy the industrial production. He said that Kati rece
Published 22 Jun, 2008 12:00am
Giga Group to build 29-storey 'Goldcrest Executive' tower

Giga Group to build 29-storey 'Goldcrest Executive' tower

The 'Giga Group' has announced the pre-launch of 39-storey commercial tower project 'Goldcrest Executive' at Karachi, at a cost of Rs 8 billion, set to be one of the hottest real estate projects for corporate and commercial buyers.
Published 22 Jun, 2008 12:00am
NWFP Assembly demands lifting of ban on wheat movement

NWFP Assembly demands lifting of ban on wheat movement

Provincial Assembly Saturday demanded termination of concurrent list, lifting of ban on inter-provincial movement of wheat across the country and payment of royalty on water to NWFP. These demands were made through separate resolutions tabled jointly by s
Published 22 Jun, 2008 12:00am
Sarhad Chamber objects to new textbook policy

Sarhad Chamber objects to new textbook policy

The Standing Committee of the Sarhad Chamber of Commerce & Industry (SCCI) on Printing and Publishing has expressed serious reservations over the proposed National Book & Learning Policy and Action Plan in Inter-Provincial Education Ministers Conference.
Published 22 Jun, 2008 12:00am
Hoti terms NWFP budget poor-friendly

Hoti terms NWFP budget poor-friendly

NWFP Chief Minister Ameer Haider Khan Hoti has said that the provincial government presented a balanced, surplus and poor-friendly budget despite numerous challenges and financial problems within a short span of two and a half months of their rule.
Published 22 Jun, 2008 12:00am
SBP decision appreciated

SBP decision appreciated

President, Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Tanvir Ahmed Shaikh has appreciated that State Bank of Pakistan decision to withdraw L/C margin requirement on import of raw material.
Published 22 Jun, 2008 12:00am
Promotion of Sindhi language urged

Promotion of Sindhi language urged

The Chairperson of Sindhi Language Authority, Mst Dr Fahmida Hussain has said that Sindhi is the most popular language in the world. Her opinion came from a programme organised by Sindh Graduates Association (SGA) on Friday night at Hyderabad Gymkhana.
Published 22 Jun, 2008 12:00am
Femina exposition opens in Karachi

Femina exposition opens in Karachi

The Deputy Speaker, Sindh Assembly, Shehla Raza on Saturday inaugurated the fifth Femina Expo 2008 at Karachi Expo. She visited the stalls along with the organisers and appreciated the quality of products as well as the display manner. She said that her p
Published 22 Jun, 2008 12:00am
Polio cases detected in Kohat

Polio cases detected in Kohat

Few polio-affected cases were detected here in Shakardara and Babari Banda areas, says a Health Department official. The official told APP that anti-polio drive started last week would also continue next week to control the spread of poliovirus in the dis
Published 22 Jun, 2008 12:00am
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