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Nov 16, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2008-06-24
Australian dollar near two-week highs

Australian dollar near two-week highs

The Australian dollar held firm near two-week highs against the US dollar on Monday, extending its rally into a sixth straight session, helped by widening interest rate premiums for local assets. Also supporting the Aussie was a government report that Aus
Published 24 Jun, 2008 12:00am
South Korean won lower

South Korean won lower

The South Korean won fell more than 1 percent against the dollar on Monday, weighed down by higher oil prices and a weaker stock market. As oil prices climbed above $136 a barrel, expectations mounted for more dollar demand from local refiners, which impo
Published 24 Jun, 2008 12:00am
Swiss franc lower against dollar

Swiss franc lower against dollar

The Swiss franc fell against the euro and the dollar on Monday, paring some of Friday's gains when lower equity markets encouraged investors to take advantage of the currency's safe-haven function. "The franc is a little bit lower. This is a correction of
Published 24 Jun, 2008 12:00am
Dollar drifts as Fed meeting

Dollar drifts as Fed meeting

The dollar was little changed against the euro and the yen on Monday after world energy powers were unable to come up with a quick fix to rein in runaway oil prices at an emergency meeting over the weekend. Although Saudi Arabia, the host of the meeting,
Published 24 Jun, 2008 12:00am
Taiwan dollar weakens

Taiwan dollar weakens

The Taiwan dollar weakened for a fourth straight session on Monday as oil firms and some foreign funds bought US dollars, though exporters and expectations of another rate rise this week kept the trading range small. The Taiwan dollar finished weaker at T
Published 24 Jun, 2008 12:00am
Most Asian currencies down

Most Asian currencies down

Most Asian currencies fell on Monday amid fears of the fallout from lofty oil prices, with investors awaiting for fresh signals from the Federal Reserve's policy review later this week. The South Korean won dropped as low as 1,039.3 per dollar, down about
Published 24 Jun, 2008 12:00am
Yuan up versus dollar

Yuan up versus dollar

The yuan rose against the dollar in the spot and offshore forwards markets on Monday after central bank governor Zhou Xiaochuan warned monetary policy might need to be tightened further to fight inflation after last week's hike in domestic fuel prices.
Published 24 Jun, 2008 12:00am
Wapda-Nepal police clash today

Wapda-Nepal police clash today

Six-time National Champion Pakistan Water and Power Development Authority (Wapda) will take on Nepal Police Club (NPC) in fourth AFC President's Cup Qualifiers (Group-A) at Malaysia's MBPJ Stadium, a multi-use stadium in Petaling Gaya (Selangor) on Tuesda
Published 24 Jun, 2008 12:00am
India salutes Class of 1983 at World Cup reunion

India salutes Class of 1983 at World Cup reunion

A wave of nostalgia is sweeping across India as the nation marks the 25th anniversary of the team's stunning 1983 World Cup victory at Lord's. Batting stalwart Sunil Gavaskar led the initiative to reunite his former team mates by organising a dinner at th
Published 24 Jun, 2008 12:00am
Australia welcome specialists for battle against West Indies

Australia welcome specialists for battle against West Indies

World champions Australia hope that some fresh faces, fresh legs, and a different format will help them dominate their five-match One-day International series against West Indies, starting on Tuesday at the Arnos Vale Sports Complex here.
Published 24 Jun, 2008 12:00am
Serena through to second round

Serena through to second round

Twice former champion Serena Williams made a stuttering start at Wimbledon on Monday before overcoming big-hitting Estonian Kaia Kanepi 7-5 6-3. The 26-year-old sixth seed looked flat-footed and struggled to keep her shots in play during the first set aga
Published 24 Jun, 2008 12:00am
Pakistan open Asia Cup with hopes for future

Pakistan open Asia Cup with hopes for future

Pakistan and Bangladesh both face minnows as the ninth Asia Cup begins on Tuesday, with the hosts hoping the event passes smoothly to pave the way for more international cricket in future. Pakistan face Hong Kong in Karachi while Bangladesh play the Unite
Published 24 Jun, 2008 12:00am
Rich nations copy Venezuela's anti-gang music schools

Rich nations copy Venezuela's anti-gang music schools

Venezuela's youth orchestras and choirs have helped thousands of children resist thug life in some of South America's most violent slums, and now wealthy countries are lining up to emulate the system.
Published 24 Jun, 2008 12:00am
Russia to cut army to one million by 2013

Russia to cut army to one million by 2013

Russia plans to cut its army to 1 million people by 2013, Russian Defence Minister Anatoly Serdyukov said on Monday. "We propose to have an army of 1 million within four or five years, that is by 2013," Russian media quoted Serdyukov as telling reporters
Published 24 Jun, 2008 12:00am
'Ahmadinejad target of Rome murder plot'

'Ahmadinejad target of Rome murder plot'

Iranian President Mahmoud Ahmadinejad was the target of an assassination plot at the UN food summit in Rome earlier this month as well as during a trip to Iraq in March, an aide said on Monday. Ahmadinejad last week himself revealed the purported Iraq mur
Published 24 Jun, 2008 12:00am
Work-shy Myanmar buffaloes add to farmers' woes

Work-shy Myanmar buffaloes add to farmers' woes

With a planting deadline looming, rice farmers in cyclone-hit parts of Myanmar's Irrawaddy delta have hit a problem - donated oxen and water buffaloes are refusing to work because they are stressed. "Thanks to donors and arrangements by the government, we
Published 24 Jun, 2008 12:00am
Ugandan rebel Kony breaks silence, wants more talks

Ugandan rebel Kony breaks silence, wants more talks

Uganda's fugitive rebel Joseph Kony has broken months of silence to call for the resumption of peace talks that collapsed in April and prompted three countries to threaten a joint attack on his forces. However, the Ugandan government said it would not eng
Published 24 Jun, 2008 12:00am
Iraqi forces to take over security in Anbar

Iraqi forces to take over security in Anbar

The US military will transfer control of security in Iraq's Anbar province to Iraqi forces this week, a remarkable turnaround given the vast western region was considered lost to insurgents less than two years ago. Anbar will be the 10th of Iraq's 18 prov
Published 24 Jun, 2008 12:00am
US appeals court rules for Chinese Muslim

US appeals court rules for Chinese Muslim

A federal appeals court on Monday overturned a US military tribunal's enemy combatant designation for a Chinese Muslim at the Guantanamo Bay prison, its first ruling that gives a detainee a chance for release. It ordered the US government to release or tr
Published 24 Jun, 2008 12:00am
Britain calls for concerted action against Mugabe

Britain calls for concerted action against Mugabe

Britain Monday called for concerted international action against Zimbabwe as President Robert Mugabe had turned the whole world against him by fuelling the violence that caused the withdrawal of rival Morgan Tsvangirai from the run-off election. "This is
Published 24 Jun, 2008 12:00am
Tsvangirai takes refuge in embassy

Tsvangirai takes refuge in embassy

Zimbabwean opposition leader Morgan Tsvangirai, who has pulled out of a presidential election because of attacks on his supporters, has taken refuge in the Dutch embassy, Dutch officials said on Monday. There was no immediate confirmation from Tsvangirai'
Published 24 Jun, 2008 12:00am
One US soldier killed in Iraq attack

One US soldier killed in Iraq attack

One US soldier was killed and five others were wounded by small arms fire south-east of Baghdad on Monday, the US military said, quoting initial reports. Iraqi security officials in Baghdad said a local official in the town of Madaen, 30 km (20 miles) sou
Published 24 Jun, 2008 12:00am
Malaysia Prime Minister wins parliament support for fuel rise

Malaysia Prime Minister wins parliament support for fuel rise

Malaysian Prime Minister Ahmad Abdullah Badawi won parliament backing on Monday for a government decision to sharply raise fuel prices, despite mounting public calls to quit over the measure. Deputies of the ruling Barisan Nasional coalition closed ranks
Published 24 Jun, 2008 12:00am
UN team to inspect bombed site in Syria

UN team to inspect bombed site in Syria

UN nuclear inspectors headed on Monday for an alleged nuclear site in Syria that the United States says housed a secretly built reactor nearing completion when it was bombed by Israel nine months ago, a diplomat said. Syria denies it has any covert nuclea
Published 24 Jun, 2008 12:00am
Thai Prime Minister gets senate grilling

Thai Prime Minister gets senate grilling

Thailand's upper house grilled Prime Minister Samak Sundaravej in a largely symbolic censure debate on Monday as thousands of street protesters blockaded his office for a fourth day, demanding his government quit. The 73-year-old Samak, who was elected in
Published 24 Jun, 2008 12:00am
Iran with nuclear arms unacceptable: Sarkozy

Iran with nuclear arms unacceptable: Sarkozy

Saying Israel was "not alone" in its efforts to block Tehran's nuclear ambitions, French President Nicholas Sarkozy said Monday that an Iran with nuclear weapons was "unacceptable" and promised his country would always defend the Jewish state against exis
Published 24 Jun, 2008 12:00am
Sarkozy offers in Israel to broker peace

Sarkozy offers in Israel to broker peace

French President Nicolas Sarkozy positioned himself on Monday as a possible Middle East peace broker, offering in a speech to Israel's parliament to help reach agreement and mobilise French troops if necessary. "I ask you to trust us because we want to he
Published 24 Jun, 2008 12:00am
Suicide car bomber kills five Afghan civilians

Suicide car bomber kills five Afghan civilians

A suicide car bomber killed five civilians and wounded 11 more on Monday in an attack apparently targeting an international troop convoy in western Afghanistan, the district governor said. The bomber struck in the Shindand district of Herat province, the
Published 24 Jun, 2008 12:00am
Floods and landslides kill 35 in China

Floods and landslides kill 35 in China

Floods, landslides and hail in the south-western Chinese province of Yunnan have killed 35 people, state media said on Monday. The storms have affected around 1.9 million people and caused losses of some 575 million yuan ($83.70 million) in the province,
Published 24 Jun, 2008 12:00am
EU executive warns over ploys to protect mail

EU executive warns over ploys to protect mail

Ploys to protect a national postal operator from competition will face a legal challenge, officials at the European Union's executive body said on Monday. The EU's 27 members adopted laws this year to open all national mail markets to full competition - i
Published 24 Jun, 2008 12:00am
Sterling falls

Sterling falls

Sterling fell against the dollar on Monday after a Bank of England policymaker indicated that interest rates may not have to be raised by as much or as quickly to cool inflationary pressures as many expect.
Published 24 Jun, 2008 12:00am
Euro tumbles in London

Euro tumbles in London

The euro fell sharply on Monday after contraction in the eurozone's manufacturing and service sectors, while the dollar gained as some investors bet on a hawkish message from the Federal Reserve later in the week. Markets are pricing in just a 10 percent
Published 24 Jun, 2008 12:00am
Indian rupee weakens

Indian rupee weakens

The Indian rupee held in a tight band on Monday, as state-run banks possibly acting for the central bank sold dollars to keep the local unit from weakening beyond 43 to a dollar as stocks closed at a 10-month low. "Oil prices and inflation are high, so at
Published 24 Jun, 2008 12:00am
European credit spreads in narrow range

European credit spreads in narrow range

European credit derivative indexes traded in a narrow range on Monday, as investors focused on monoline insurers and this week's US interest rate meeting. Norske Skog was one of the most active names. The cost of insuring its debt against default fell sha
Published 24 Jun, 2008 12:00am
European credit spreads in narrow range

European credit spreads in narrow range

European credit derivative indexes traded in a narrow range on Monday, as investors focused on monoline insurers and this week's US interest rate meeting. Norske Skog was one of the most active names. The cost of insuring its debt against default fell sha
Published 24 Jun, 2008 12:00am
Asian bonds weaken

Asian bonds weaken

Asian bonds weakened on Monday as crude oil price extended its relentless upsurge keeping investors worrying about its impact on already-high inflation and the subsequent monetary policy response from central banks. Weaker stock markets also added to the
Published 24 Jun, 2008 12:00am
Asian bonds weaken

Asian bonds weaken

Asian bonds weakened on Monday as crude oil price extended its relentless upsurge keeping investors worrying about its impact on already-high inflation and the subsequent monetary policy response from central banks. Weaker stock markets also added to the
Published 24 Jun, 2008 12:00am
Monday's midday trade: Dow, S&P inch up with oil stocks

Monday's midday trade: Dow, S&P inch up with oil stocks

The Dow industrials and the S&P 500 edged up on Monday as higher oil prices lifted energy shares, but financial companies' outlook kept investors cautious and overshadowed news of a $4.4 billion takeover in the agricultural sector.
Published 24 Jun, 2008 12:00am
Britain's top share index rises

Britain's top share index rises

Britain's index of leading shares closed 0.8 percent higher on Monday, recouping some of last week's losses, as heavyweight energy stocks tracked crude prices higher and defensive drugmakers gained. The FTSE 100 gained 46.4 points to 5,667.2, having falle
Published 24 Jun, 2008 12:00am
New York cotton futures plunge

New York cotton futures plunge

Cotton futures finished lower on Monday on investor sales and in line with weaker soybean values in Chicago, dealers said. The key December cotton contract fell 0.71 cent to end at 79.40 cents per lb, dealing from 78.80 to 80.12 cents.
Published 24 Jun, 2008 12:00am
Australia ends wheat monopoly

Australia ends wheat monopoly

Angry wheat farmers disrupted Australia's parliament on Monday, jeering and calling out from public galleries as the government passed laws to allow permanent competition for wheat marketing and exports. The new laws, to start from July 1, allow ongoing c
Published 24 Jun, 2008 12:00am
India may send wheat into open market

India may send wheat into open market

India is considering releasing some wheat into the open market as production is expected to touch a record high of 78 million tonnes in 2008, the farm minister said on Monday. Sharad Pawar's forecast for production is slightly higher than an earlier estim
Published 24 Jun, 2008 12:00am
Gold falls nearly three percent in London

Gold falls nearly three percent in London

Gold fell nearly 3 percent in Europe on Monday as the dollar firmed against the euro and as oil prices slipped temporarily, triggering a bout of selling. However, a resurgence in physical demand after gold dipped below $880 an ounce put a floor in prices.
Published 24 Jun, 2008 12:00am
Australian gold output falls

Australian gold output falls

Gold production in Australia, the world's third-largest miner, has fallen 7 percent over the past year, a deeper than expected decline, but should still rebound 10 percent in the year ahead, a government forecaster said on Monday.
Published 24 Jun, 2008 12:00am
Aluminium climbs

Aluminium climbs

Aluminium rose to its highest level in more than three-months on Monday and expectations are for further gains as the market prices in rising energy costs. Copper for three-month delivery ended slightly down at $8,400 on the London Metal Exchange from $8,
Published 24 Jun, 2008 12:00am
Oil rises as supply worries outweigh Saudi boost

Oil rises as supply worries outweigh Saudi boost

Oil rose on Monday as Nigerian supply disruptions and escalating tensions between Israel and Iran outweighed Saudi Arabia's pledge to raise output and keep markets well-supplied. US crude settled at $136.74 a barrel, up $1.38. London Brent crude was up $0
Published 24 Jun, 2008 12:00am
US MIDDAY: cocoa, coffee down

US MIDDAY: cocoa, coffee down

US cocoa futures on ICE Futures slipped in early trade on Monday, after climbing to a 28-year peak in a sustained rally, while coffee turned lower in a partial retracement of Friday's sharp gains. September arabica contract down 1.20 cents at $1.455 per l
Published 24 Jun, 2008 12:00am
US MIDDAY: sugar slips

US MIDDAY: sugar slips

Raw sugar futures on ICE Futures slipped at 8:43 am EDT (1243 GMT) on Monday. Key October raw sugar contract slid 0.13 cent to 12.95 cents per lb. Volume done at 12,973 lots. Moving between 12.93 and 13.28 cents, highest on intra-day second position chart
Published 24 Jun, 2008 12:00am
US MIDDAY: corn and wheat up

US MIDDAY: corn and wheat up

CBOT corn futures turned 4 to 5 cents per bushel higher in early trade on Monday following gains in crude oil and on short-covering, traders said. Wheat futures followed corn higher. At 12:42 pm CDT (1742 GMT), CBOT corn was up 1 to 4-1/2 cents, per bushe
Published 24 Jun, 2008 12:00am
US MIDDAY: copper down

US MIDDAY: copper down

US copper futures lost some ground at the open on Monday as a stronger tone in the dollar and concerns about waning Chinese demand encouraged investors to lock in some profits. Copper for July delivery was trading down 5.65 cents, or nearly 1.5 percent, a
Published 24 Jun, 2008 12:00am
US MIDDAY: gold sinks

US MIDDAY: gold sinks

US gold futures tumble more than 2 percent in volatile trade early on Monday, trading just above $880 an ounce as a sudden rise in the dollar triggers chart-based sell-stops and heavy long liquidation. August contract on COMEX division of New York Mercant
Published 24 Jun, 2008 12:00am
Wapda workers demand cut in prices of essential commodities

Wapda workers demand cut in prices of essential commodities

Wapda workers have demanded cut in prices of essential commodities and upgradation of pay scales of technical and skilled staff of Wapda. Pakistan Wapda Hydro Electric Central Labour Union (CBA) took out a procession here on Monday to press for their dema
Published 24 Jun, 2008 12:00am
Worldwide displacement rises to 11.4 million refugees

Worldwide displacement rises to 11.4 million refugees

The Climate change and the rising food prices are some of the factors leading to the rise in global displacement to 11.4 million refugees world-wide up from 9.9 million last year, said a new report by the United Nations High Commissioner for Refugees (UNH
Published 24 Jun, 2008 12:00am
Wrath of the masses

Wrath of the masses

Wrath of the poor masses who have been afflicted, and denied their basic needs and rights can wreak havoc in any society or government, however strong it may profess itself to be. History bears ample testimony to the fact that sudden revolutions have ofte
Published 24 Jun, 2008 12:00am
The Federal Budget

The Federal Budget

As always, the taxes proposed in the 2008-09 federal budget would not affect the common man. Chairman Federal Board of Revenue (FBR) said the other day that one percent increase in sales tax (GST) rate would not result in increase in prices of essential c
Published 24 Jun, 2008 12:00am
Singapore Asia's Switzerland for millionaires

Singapore Asia's Switzerland for millionaires

Got at least five million US dollars? A private banker is at your service in Singapore, which is fast gaining a reputation as the Switzerland of Asia for the world's growing ranks of multi-millionaires. The tiny, tropical island-state, Southeast Asia's mo
Published 24 Jun, 2008 12:00am
Finance Bill 2008: Appalling, regressive taxation

Finance Bill 2008: Appalling, regressive taxation

Even a cursory reading of Finance Bill 2008 shows beyond any doubt that it is the handiwork of same old tax baboos of the Federal Board of Revenue, who have only one concern ie how to rob the poor and protect the wealthier sections of society.
Published 24 Jun, 2008 12:00am
The Balochistan Budget

The Balochistan Budget

The first budget (Rs 71.19 billion for financial year 2008-09) of the new coalition government of Balochistan presented by Finance Minister Asim Kurd Gailu last Saturday, was also the province's first tax-free budget though punctuated by a deficit of Rs 8
Published 24 Jun, 2008 12:00am
Oil summit in Saudi Arabia

Oil summit in Saudi Arabia

Saudi Arabia's decision to host a summit of major oil producing and consuming countries was to send a message that they were concerned about high international oil prices - hovering around 140 dollars per barrel on the eve of the summit - and the associat
Published 24 Jun, 2008 12:00am
APHC leaders put under house arrest

APHC leaders put under house arrest

In occupied Kashmir, the puppet administration has put the All Parties Hurriyet Conference leaders under house arrest to prevent them from leading the protest demonstrations scheduled for Monday, June 23 against transfer of 800 kanals forestland to the De
Published 24 Jun, 2008 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

Nawaz's family was back in the National Assembly after an absence of eight years as Hamza Shahbaz Sharif was elected a new Member at Lahore and took oath as Member of NA on Monday morning. The PML-N members banged desk in delight in the presence of PML-N
Published 24 Jun, 2008 12:00am
'PPP to continue efforts for democracy'

'PPP to continue efforts for democracy'

Pakistan Peoples Party (PPP) Bahawalpur, President Shakir Mirza has said the PPP will continue its struggle for the restoration of sustainable democracy, judiciary and the supremacy of law. Talking to newsmen here, he said Shaheed Benazir Bhutto was a hop
Published 24 Jun, 2008 12:00am
Minister orders activation of women-related projects

Minister orders activation of women-related projects

Sindh Minister for Women Development, Tauqir Fatima Bhutto, has ordered to activate the on-going development projects of the department. In a meeting held in her office here on Monday she said that these projects must be used for the betterment of the peo
Published 24 Jun, 2008 12:00am
PPP to accommodate sitting, deposed judges: Naek

PPP to accommodate sitting, deposed judges: Naek

Federal Minister for Law Farooq H. Naek has said that the PPP wants to resolve the judicial issue in a way that both sitting and deposed judges are accommodated. Talking to Voice of America, he pointed out that to resolve the issue the number of judges of
Published 24 Jun, 2008 12:00am
One hurt in blast near Governor House

One hurt in blast near Governor House

A passer-by was hurt and windowpanes of nearby buildings shattered after a powerful explosive device planted by unknown saboteurs exploded at TNT Chowk, close to Governor House here Monday, police said. The explosives were planted near PTCL office opposit
Published 24 Jun, 2008 12:00am
NWFP government bans two books

NWFP government bans two books

NWFP government has banned two books titled "The Prophesied end time and 2008 God's final witness" written by Ronal Weinland and ordered concerned officials to confiscate all its copies with immediate effect and take necessary action against its distribut
Published 24 Jun, 2008 12:00am
NWFP agriculture budget enhanced to alleviate poverty: minister

NWFP agriculture budget enhanced to alleviate poverty: minister

NWFP Minister for Agriculture Muhammad Ayub Jan said on Monday that the provincial government has enhanced agriculture budget of the province from Rs 300 million to Rs 700 million to give boost to this vital sector and to enhance agri-production besides c
Published 24 Jun, 2008 12:00am
'Maximum health facilities in Northern Areas top priority'

'Maximum health facilities in Northern Areas top priority'

The government is giving top priority to health sector and huge amount is being spent for the provision of maximum facilities for the patients in Northern Areas (NAs) specially to give full health coverage to the people of Skardu. DHQs Hospital Skardu Med
Published 24 Jun, 2008 12:00am
FPSC nominates two candidates

FPSC nominates two candidates

The Federal Public Service Commission (FPSC) has nominated two candidates for appointment to the posts of Statistical Office and Computer Operator in various ministries, divisions and departments of the federal government.
Published 24 Jun, 2008 12:00am
$1.8 million Saudi assistance for BHUs in quake-hit region

$1.8 million Saudi assistance for BHUs in quake-hit region

Saudi Public Assistance for Pakistan Earthquake Victims (SPAPEV) has provided financial assistance of $1.8 million to the United Nations Children's Fund (Unicef) for construction of five new basic health units (BHUs) in earthquake affected region of count
Published 24 Jun, 2008 12:00am
Apex court judges: 'PML-N has reservations over numbers'

Apex court judges: 'PML-N has reservations over numbers'

Parliamentary leader of PML-N Nisar Ali Khan said on Monday that his party has reservations over the clause dealing with increase in the number of apex court judges, incorporated in the Finance Bill 2008. He said that PML-N would have abstained if there h
Published 24 Jun, 2008 12:00am
Restoration of judges through finance bill not suitable: Hashmi

Restoration of judges through finance bill not suitable: Hashmi

Senior Vice President PML-N Makhdoom Javed Hashmi has said that the method of the restoration of judges through finance bill is not suitable in any way either legally, or morally. He said this while talking to media men at his residence here on Monday.
Published 24 Jun, 2008 12:00am
SASB starts raising concrete structures on forestland in IHK

SASB starts raising concrete structures on forestland in IHK

In occupied Kashmir, Delhi-based Shri Amarnath Shrine Board (SASB) has started raising concrete structures on the forestland transferred to it by the puppet administration. The construction of buildings is going on war-footing at Dumail, one of the restin
Published 24 Jun, 2008 12:00am
Abraaj Capital sells 30 percent stake in NAS to KHC

Abraaj Capital sells 30 percent stake in NAS to KHC

Saudi investors of Abraaj Capital, led by Sheikh Abdulrahman Ali Al Turki, Chairman of Abraaj Capital, the premier investment firm specialising in private equity investment in the Middle East, North Africa and South Asia (MENASA) region, announced on Mond
Published 24 Jun, 2008 12:00am
Abraaj Capital sells 30 percent stake in NAS to KHC

Abraaj Capital sells 30 percent stake in NAS to KHC

Saudi investors of Abraaj Capital, led by Sheikh Abdulrahman Ali Al Turki, Chairman of Abraaj Capital, the premier investment firm specialising in private equity investment in the Middle East, North Africa and South Asia (MENASA) region, announced on Mond
Published 24 Jun, 2008 12:00am
Smeda workshops

Smeda workshops

Small and Medium Enterprises Development Authority (Smeda) will organise free entry workshops on green sand moulding at Faisalabad and Lahore on June 26.
Published 24 Jun, 2008 12:00am
Transporters call to control robberies, challans

Transporters call to control robberies, challans

Pakistan Goods Transporters Association (PGTA) has demanded of the government to take effective steps to control road-robberies, unnecessary challans, fines and other problems being faced by them while plying on roads.
Published 24 Jun, 2008 12:00am
GCU wins British research award

GCU wins British research award

The Psychology Department of Government College University (GCU), Lahore has won the British research award, the Prime Minister's Initiative for International Education, under which the university will receive funding for its research project.
Published 24 Jun, 2008 12:00am
Punjab government allocates Rs 300 million to develop forestry sector

Punjab government allocates Rs 300 million to develop forestry sector

The Punjab government has allocated Rs 300 million to develop the forestry sector for 2008-09 as part of its efforts to narrow the gap between the existing area in the province under forest and the desirable level. Sources said forestry not only plays an
Published 24 Jun, 2008 12:00am
SNGPL elects Board of Directors

SNGPL elects Board of Directors

The Sui Northern Gas Pipelines Limited (SNGPL) has elected its Board of Directors (BoD) for three years after a general meeting held on Monday. The elected members are Muhammad Razi Abbas, Syed Muhammad Asghar, A Samad Dawood, Shahzada Dawood, Abdul Bari
Published 24 Jun, 2008 12:00am
The Weather

The Weather

The weather report on Monday (June 23, 2008) and the forecast for Tuesday (June 24, 2008).
Published 24 Jun, 2008 12:00am
Patients facing hardships due to non-functional DSA machine

Patients facing hardships due to non-functional DSA machine

Poor patients in need of Biplane Angiography for brain and spine are facing great hardships due to non-functional Digital Subtraction Angiography (DSA) machine here at the Lahore General Hospital (LGH). Sources in the LGH told Business Recorder tha
Published 24 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 24 Jun, 2008 12:00am
Transfers and postings

Transfers and postings

The Punjab government has transferred Burn Section Jinnah Hospital Project Director Dr Muhammad Javed (BS-20) and posted him as the Services Hospital/SIMS Medical Superintendent. The Punjab has also posted Dr Zafar Ikram (BS-20) of the Health Department a
Published 24 Jun, 2008 12:00am
PML-N and PPP MPAs stage demonstration against Nawaz disqualification

PML-N and PPP MPAs stage demonstration against Nawaz disqualification

The Punjab Assembly members belonging to the Pakistan Muslim League-Nawaz and Pakistan People's Party on Monday strongly condemned the decision of a Lahore High Court (LHC) bench disqualifying the PML-N Quaid Nawaz Sharif from contesting the by-election o
Published 24 Jun, 2008 12:00am
Leading educational institutions buy Oracle softwares

Leading educational institutions buy Oracle softwares

Oracle on Monday announced that more than 24 leading colleges and universities world-wide recently purchased, implemented or upgraded Oracle(r) applications and infrastructure software to increase operational efficiency and better serve students, faculty,
Published 24 Jun, 2008 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (June 23, 2008).

Published 24 Jun, 2008 12:00am
NBD officers asked not to misuse public funds

NBD officers asked not to misuse public funds

The Director General, Chief Minister's Inspection, Enquiry and Implementation Team, Engineer Shafiq Hyder Musavi has asked the management of Nation Building Department (NBD), Provincial Government, to order its field officers to stop payment against works
Published 24 Jun, 2008 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Monday (June 23, 2008) and for Tuesday (June 24, 2008).
Published 24 Jun, 2008 12:00am
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