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Nov 16, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2008-06-27
Lennar results suffer in housing slump

Lennar results suffer in housing slump

Lennar Corp, the second-largest US home builder, on Thursday reported a smaller quarterly net loss on lower expenses, but the results were worse than expected as deliveries and new orders tumbled.
Published 27 Jun, 2008 12:00am
Lennar results suffer in housing slump

Lennar results suffer in housing slump

Lennar Corp, the second-largest US home builder, on Thursday reported a smaller quarterly net loss on lower expenses, but the results were worse than expected as deliveries and new orders tumbled.
Published 27 Jun, 2008 12:00am
Fortis skips dividend, issues new shares as markets sag

Fortis skips dividend, issues new shares as markets sag

Fortis said it would sell new shares and pay no interim dividend as part of a package to shore up its finances by more than 8 billion euros ($12.54 billion), sending its shares sliding on Thursday.
Published 27 Jun, 2008 12:00am
Fortis skips dividend, issues new shares as markets sag

Fortis skips dividend, issues new shares as markets sag

Fortis said it would sell new shares and pay no interim dividend as part of a package to shore up its finances by more than 8 billion euros ($12.54 billion), sending its shares sliding on Thursday.
Published 27 Jun, 2008 12:00am
Sony targets networked electronics, LCD TV crown

Sony targets networked electronics, LCD TV crown

Sony Corp said it would make a strong push into networked electronics and video download services and aim for the top spot in LCD TVs as the firm seeks to make the most of its hardware and software assets for growth.
Published 27 Jun, 2008 12:00am
Usual suspects dominate Asia's World Cup draw

Usual suspects dominate Asia's World Cup draw

Despite early hiccups and a few narrow escapes, Asia's top sides made it through World Cup qualifying and there are few surprises in Friday's draw for the final round. The draw in Kuala Lumpur will establish two groups of five teams and the top two from e
Published 27 Jun, 2008 12:00am
'Cristiano Ronaldo has house ready in Madrid'

'Cristiano Ronaldo has house ready in Madrid'

Manchester United's Cristiano Ronaldo, the subject of intense speculation about a move to Real Madrid, has a house ready for him in the Spanish capital, a Spanish sports newspaper said Thursday.
Published 27 Jun, 2008 12:00am
Collingwood banned for four matches

Collingwood banned for four matches

England one-day captain Paul Collingwood was banned for four matches on Thursday after his side failed to bowl their overs in the required time in Wednesday's one-day international against New Zealand. A statement from the International Cricket Council (I
Published 27 Jun, 2008 12:00am
Turkish players receive hero's welcome home

Turkish players receive hero's welcome home

Turkey's footballers received a hero's welcome Thursday as they returned home after bowing out from Euro 2008 at the semi-finals, but marking the tournament with their never-say-die performance.
Published 27 Jun, 2008 12:00am
Sania Mirza wilts in second round

Sania Mirza wilts in second round

Indian number one Sania Mirza's Wimbledon challenge fizzled out in the second round on Thursday when she was beaten 6-0 4-6 9-7 by Maria Martinez Sanchez on Thursday. Mirza, who had wrist surgery in April, had been expected to defeat Martinez Sanchez as t
Published 27 Jun, 2008 12:00am
Nadal grinds down teenager Gulbis

Nadal grinds down teenager Gulbis

World number two Rafael Nadal was given a tough workout by Latvian teenager Ernests Gulbis before prevailing 5-7 6-2 7-6 6-3 in an absorbing second round tie at Wimbledon on Thursday.
Published 27 Jun, 2008 12:00am
Oldest Nobel laureate dies

Oldest Nobel laureate dies

Leonid Hurwicz, who became the oldest Nobel laureate after receiving the economics prize last year, has died aged 90, his university confirmed Wednesday.
Published 27 Jun, 2008 12:00am
Relatives bid farewell at Philippine ferry site

Relatives bid farewell at Philippine ferry site

Relatives said goodbye to their missing kin at the site of a capsized ferry in the central Philippines on Thursday fearing they will not see them again; dead or alive.
Published 27 Jun, 2008 12:00am
Olympic city's water in state of crisis: report

Olympic city's water in state of crisis: report

China's ambitious hopes for a "green" Beijing Olympics have magnified, not relieved, the city's reckless dependence on water from strained underground supplies and a mammoth canal project, a critical report says.
Published 27 Jun, 2008 12:00am
Airlift sparks Berliners' emotions 60 years on

Airlift sparks Berliners' emotions 60 years on

Sixty years after Allied planes streamed into Berlin with vital supplies during the Soviet blockade, a new exhibition tells the story of the people behind the airlift.
Published 27 Jun, 2008 12:00am
Taiwan stocks fall

Taiwan stocks fall

Taiwan stocks gave up early gains to close 0.55 percent down on Thursday, dragged lower by tech shares such as TSMC on worries that high oil prices and inflation could hurt consumer spending on technology goods.
Published 27 Jun, 2008 12:00am
Hong Kong shares fall

Hong Kong shares fall

Hong Kong shares reversed early gains to close 0.8 percent lower on Thursday, hurt by losses in retail-focused Li & Fung and cellphone maker Foxconn on broker downgrades as US consumption falters.
Published 27 Jun, 2008 12:00am
US stocks close higher

US stocks close higher

US stocks rose on Wednesday, as the price of oil declined, while the Federal Reserve held its key interest rate steady and reduced expectations for a rate hike at its next meeting. The S&P 500 and Nasdaq rose more than the Dow, which was little changed.
Published 27 Jun, 2008 12:00am
Philippines shares make little gains

Philippines shares make little gains

Philippines share prices closed 0.4 percent higher on Thursday after the US Federal Reserve dropped hints it would not raise rates, dealers said. The composite index rose 10.81 points to 2,521.61 points, while the all-shares index gained 0.13 percent to 1
Published 27 Jun, 2008 12:00am
US Treasury prices end flat

US Treasury prices end flat

US Treasury debt prices ended flat on Wednesday, paring earlier losses, as traders rolled back bets of an imminent interest rate increase from the Federal Reserve to combat inflation. Fed policy-makers, as expected, left key benchmark rates unchanged at 2
Published 27 Jun, 2008 12:00am
US Treasury prices end flat

US Treasury prices end flat

US Treasury debt prices ended flat on Wednesday, paring earlier losses, as traders rolled back bets of an imminent interest rate increase from the Federal Reserve to combat inflation. Fed policy-makers, as expected, left key benchmark rates unchanged at 2
Published 27 Jun, 2008 12:00am
Indian shares up 1.42 percent

Indian shares up 1.42 percent

Indian shares rose 1.42 percent on Thursday, reacting to Wall Street gains after the US Federal Reserve held interest rates unchanged as expected, dealers said. The benchmark Mumbai 30-share Sensex index rose 201.75 points to 14,421.82.
Published 27 Jun, 2008 12:00am
China stocks surge

China stocks surge

Most Chinese shares rose on Thursday, with Aluminum Corp of China (Chalco) soaring 10 percent, though the main index was pulled down by weakness in banks and oil refiners. The Shanghai Composite Index closed down 0.11 percent at 2,901.850 points, well off
Published 27 Jun, 2008 12:00am
Malaysian shares sag

Malaysian shares sag

Malaysian share prices closed 0.5 percent lower on Thursday as US interest rates remained unchanged and despite an injection of funds into the country's major development plan, dealers said.
Published 27 Jun, 2008 12:00am
Thai share prices slip

Thai share prices slip

Thai shares closed 0.52 percent lower on Thursday mainly due to short-term profit-taking after gains in the market the previous day, dealers said. They said foreign investors also continued selling shares amid persisting instability in Thai politics, soar
Published 27 Jun, 2008 12:00am
Tokyo stocks extend slide to sixth day

Tokyo stocks extend slide to sixth day

The Nikkei stock average edged down 0.1 percent on Thursday, extending its longest losing streak this year to a sixth session as lower oil prices dented trading houses such as Mitsubishi Corp.
Published 27 Jun, 2008 12:00am
Yuan hits post-revaluation high

Yuan hits post-revaluation high

China's central bank guided the yuan to a post-revaluation high against the dollar on Thursday, after a US Federal Reserve policy statement led markets to trim expectations for an early US interest rate hike.
Published 27 Jun, 2008 12:00am
Dollar steadies after fall on Fed

Dollar steadies after fall on Fed

The dollar steadied against the euro on Thursday after falling the previous day as a Federal Reserve statement prompted investors to trim expectations for an imminent interest rate rise to fight inflation.
Published 27 Jun, 2008 12:00am
Dollar down versus euro in New York

Dollar down versus euro in New York

The dollar fell to two-week lows versus the euro on Wednesday, as the Federal Reserve failed to give a strong enough signal that it would aggressively raise interest rates this year. The Fed on Wednesday held benchmark rates steady at 2.0 percent and expr
Published 27 Jun, 2008 12:00am
Swiss franc falls

Swiss franc falls

The Swiss franc fell against the dollar and the euro on Thursday after the US Federal Reserve kept its interest rates on hold and as expectations for a possible rate hike in Europe in July gain momentum.
Published 27 Jun, 2008 12:00am
Asia currencies rise on Fed rate view

Asia currencies rise on Fed rate view

Asian currencies rose on Thursday after the Federal Reserve held interest rates steady and dampened expectations for an imminent rate rise, but buying interest remained fragile after recent sell-off.
Published 27 Jun, 2008 12:00am
Hong Kong dollar higher

Hong Kong dollar higher

The Hong Kong dollar edged higher on Thursday amid some US dollar selling in late afternoon trade, partly due to a rise in short-dated interbank rates on a liquidity squeeze. The local currency was trading at 7.8047/49 per dollar at 0855 GMT, up 0.01 perc
Published 27 Jun, 2008 12:00am
Hong Kong to launch commodities exchange next year

Hong Kong to launch commodities exchange next year

Hong Kong is set to launch its first commodities exchange early next year to capitalise on the mainland's growing demand for oil and other raw materials, officials said Wednesday.
Published 27 Jun, 2008 12:00am
'World economy set to grow four percent in 2008'

'World economy set to grow four percent in 2008'

The world economy is likely to grow by about 4.0 percent this year and the United States should avoid a recession, the governor of the Bank of France Christian Noyer said on Wednesday.
Published 27 Jun, 2008 12:00am
Rio Tinto deal fails to calm freight rates

Rio Tinto deal fails to calm freight rates

Dry freight rates will remain volatile in the short term after Asian steelmakers agreed almost to double the price paid for Australian iron ore, analysts said on Wednesday. On Monday, Baosteel - negotiating on behalf of the Chinese steel industry - agreed
Published 27 Jun, 2008 12:00am
EU hearing on OMV bid for MOL set for July 7

EU hearing on OMV bid for MOL set for July 7

Austrian oil company OMV's unsolicited bid for Hungarian rival MOL faces a test on July 7 to determine if the combination may become the dominant oil player in central Europe, a MOL official confirmed on Thursday.
Published 27 Jun, 2008 12:00am
Japan's exports rise as Asia offsets US slump

Japan's exports rise as Asia offsets US slump

Japan's annual export growth beat expectations in May as shipments to Asia and other developing countries helped delay the impact of a US slowdown on global demand.
Published 27 Jun, 2008 12:00am
Eurozone orders much stronger than expected

Eurozone orders much stronger than expected

Eurozone industrial new orders were much stronger than expected in April, likely reinforcing the ECB's view the economy was sound and that it could go ahead with a rate rise to anchor price expectations.
Published 27 Jun, 2008 12:00am
DSG profit falls 30 percent, cautious on outlook

DSG profit falls 30 percent, cautious on outlook

Electrical goods retailer DSG International met lowered forecasts with a 30 percent drop in annual profit on Thursday and said it remained "very cautious" about consumer confidence in many of its markets.
Published 27 Jun, 2008 12:00am
DSG profit falls 30 percent, cautious on outlook

DSG profit falls 30 percent, cautious on outlook

Electrical goods retailer DSG International met lowered forecasts with a 30 percent drop in annual profit on Thursday and said it remained "very cautious" about consumer confidence in many of its markets.
Published 27 Jun, 2008 12:00am
'UAE would only boost output within Opec deal'

'UAE would only boost output within Opec deal'

The United Arab Emirates would only increase oil production as part of a decision agreed by all of Opec, Oil Minister Mohammed al-Hamli said on Wednesday, dashing faint hopes it might follow recent Saudi boosts.
Published 27 Jun, 2008 12:00am
United Airlines to lay off 950 pilots

United Airlines to lay off 950 pilots

United Airlines, the second-largest US carrier, said it will lay off 950 pilots amid plans to reduce domestic flights in the face of skyrocketing fuel prices.
Published 27 Jun, 2008 12:00am
Myanmar launches 11-day gems auction

Myanmar launches 11-day gems auction

Military-run Myanmar on Tuesday launched an 11-day auction of precious gems in Yangon, state media said, as the country struggles to recover from last month's devastating cyclone.
Published 27 Jun, 2008 12:00am
UniCredit to grow in east Europe, shrink in west

UniCredit to grow in east Europe, shrink in west

Europe's fourth-largest bank UniCredit laid out bold plans on Thursday for growth in central and eastern Europe (CEE), where it is already the biggest lender, while slashing jobs in western Europe.
Published 27 Jun, 2008 12:00am
Azerbaijan stages first military might in 16 years

Azerbaijan stages first military might in 16 years

Ex-Soviet Azerbaijan staged its first military parade in 16 years on Thursday in a show of strength aimed partly at Armenia, its neighbour with which it is locked in a territorial dispute.
Published 27 Jun, 2008 12:00am
Bombers kill nearly 40 in Iraq

Bombers kill nearly 40 in Iraq

Bombers killed nearly 40 people in Iraq on Thursday, including 20 at a tribal council meeting in Anbar province just days before the US military transfers control of security for the vast western region to Iraqi forces. The US military said there were Ame
Published 27 Jun, 2008 12:00am
US pulls its nuclear weapons from Britain

US pulls its nuclear weapons from Britain

The United States has withdrawn its nuclear weapons from Britain after more than 50 years, a watchdog said in a report on Thursday. The Federation of American Scientists, which studies the US nuclear weapons arsenal, said Washington has removed its nuclea
Published 27 Jun, 2008 12:00am
US top court finds individual right to own guns

US top court finds individual right to own guns

The US Supreme Court ruled on Thursday, for the first time in the nation's history, that individual Americans have the right to own guns for personal use, and struck down a strict gun control law in the nation's capital.
Published 27 Jun, 2008 12:00am
Brown launches 'green revolution' energy plan

Brown launches 'green revolution' energy plan

Britain said on Thursday it plans a 10-fold increase in renewable energy use over the next 12 years, aimed at cutting carbon emissions and reducing dependency on fossil fuels. The plan includes building 7,000 wind turbines, with more support for green pow
Published 27 Jun, 2008 12:00am
Nepal's Prime Minister steps down

Nepal's Prime Minister steps down

Nepal's veteran prime minister announced his resignation Thursday in a move that paves the way for a new Maoist-led government following the abolition of the monarchy.
Published 27 Jun, 2008 12:00am
Syria must not hinder IAEA probe: US

Syria must not hinder IAEA probe: US

The United States on Thursday welcomed a UN check of a Syrian site said to have harboured an almost-built secret nuclear reactor before Israel destroyed it, but called on Damascus not to restrict the investigation.
Published 27 Jun, 2008 12:00am
Mugabe rejects African calls to stop election

Mugabe rejects African calls to stop election

Zimbabwean President Robert Mugabe on Thursday rejected African calls to postpone a presidential election on Friday, saying there could be no interference in his country even from the African Union.
Published 27 Jun, 2008 12:00am
Germany charges man for breaching Iran embargo

Germany charges man for breaching Iran embargo

German prosecutors said on Thursday they had charged German-Iranian a man with breaching an arms embargo against Iran by trying to export high-tech equipment which could be used in Tehran's nuclear programme.
Published 27 Jun, 2008 12:00am
Somalia conflict kills more than 2,100 this year

Somalia conflict kills more than 2,100 this year

Conflict in Somalia has killed 2,136 civilians so far this year, bringing the death toll since an Islamist-led insurgency began in early 2007 to 8,636, a local human rights group said on Thursday.
Published 27 Jun, 2008 12:00am
'Enemies' won't stop nuclear work: Ahmadinejad

'Enemies' won't stop nuclear work: Ahmadinejad

President Mahmoud Ahmadinejad said on Thursday Iran's "enemies" would never succeed in stopping its nuclear activities, the official IRNA news agency reported. EU foreign policy chief Javier Solana handed Iran an offer on June 14 of trade and other benefi
Published 27 Jun, 2008 12:00am
Credit spreads jump wider

Credit spreads jump wider

European credit spreads jumped wider on Thursday as shares fell, partly on concerns that the credit crisis is not yet over as banks are expected to take additional writedowns for the second quarter.
Published 27 Jun, 2008 12:00am
Credit spreads jump wider

Credit spreads jump wider

European credit spreads jumped wider on Thursday as shares fell, partly on concerns that the credit crisis is not yet over as banks are expected to take additional writedowns for the second quarter.
Published 27 Jun, 2008 12:00am
Singapore shares lower

Singapore shares lower

Singapore share prices closed 0.19 percent lower on Thursday in an absence of catalysts, dealers said. The blue chip Straits Times Index fell 5.67 points to 2,980.95 on low volume of 1.11 billion shares worth 1.46 billion Singapore dollars (1.07 billion U
Published 27 Jun, 2008 12:00am
Thursday's afternoon trade: Nasdaq falls over three percent

Thursday's afternoon trade: Nasdaq falls over three percent

The Nasdaq fell more than 3 percent on Thursday as investors dumped technology shares after weak profit outlooks from BlackBerry maker Research in Motion and software maker Oracle Corp. The S&P 500 and the Dow also extended losses, as Wall Street powerhou
Published 27 Jun, 2008 12:00am
Asia bond spreads rangebound

Asia bond spreads rangebound

Asian sovereign and corporate bond spreads were rangebound on Thursday as caution over inflation dogged investors, although spreads in newly-sold bonds from GS Caltex and Rio Tinto tightened.
Published 27 Jun, 2008 12:00am
Asia bond spreads rangebound

Asia bond spreads rangebound

Asian sovereign and corporate bond spreads were rangebound on Thursday as caution over inflation dogged investors, although spreads in newly-sold bonds from GS Caltex and Rio Tinto tightened.
Published 27 Jun, 2008 12:00am
Banks drive FTSE to lowest close since March

Banks drive FTSE to lowest close since March

British blue chip stocks fell to their lowest close since late March on Thursday, driven by a steep decline in global financial shares as investors fretted about yet more losses at the banks.
Published 27 Jun, 2008 12:00am
Dollar falls versus majors in London

Dollar falls versus majors in London

The dollar hit a three-week low versus a basket of major currencies on Thursday, extending the previous day's losses after a statement from the Federal Reserve trimmed expectations for near-term interest rate hike.
Published 27 Jun, 2008 12:00am
Sterling rises

Sterling rises

Sterling rose on Thursday to a two-month high as the dollar resumed its decline a day after the US Federal Reserve disappointed the market by giving no hint on when it would start raising interest rates.
Published 27 Jun, 2008 12:00am
Indian rupee at three-week high

Indian rupee at three-week high

The Indian rupee rose to a three-week high on Thursday, buoyed by a drop in global oil prices and a 1.4 percent rise in the local stock market which raised hopes of foreign fund inflows into the market.
Published 27 Jun, 2008 12:00am
New York cotton futures remain higher

New York cotton futures remain higher

Cotton futures finished higher Thursday on investment fund buying as the market bounded up on the back of rallies in grains and other commodity markets. The key December cotton contract rose 0.69 cent to end at 81.77 cents per lb, dealing from 81.01 to 82
Published 27 Jun, 2008 12:00am
Copper climbs

Copper climbs

A weak dollar buoyed industrial metals on Thursday, with copper rising more than 2 percent after the US Federal Reserve left interest rates steady and dampened expectations of further monetary tightening.
Published 27 Jun, 2008 12:00am
US soyabean up

US soyabean up

US soybean futures closed higher on Wednesday with forecasts for more rainfall on the already-saturated US Midwest crop region boosting prices, traders said.
Published 27 Jun, 2008 12:00am
London cocoa climbs

London cocoa climbs

A weak dollar inspired a rally on Thursday in soft commodity markets and some analysts said volatile dealings in cocoa, coffee and sugar futures will continue in the weeks ahead. "This is definitely a dollar move and (some) momentum play," said Larry Youn
Published 27 Jun, 2008 12:00am
Gold surges in London

Gold surges in London

Gold surged 3.5 percent on Thursday as the dollar weakened against the euro and as equity markets slipped. The US currency had already traded lower for much of the session as expectations for a US rate hike receded after comments from the Federal Reserve
Published 27 Jun, 2008 12:00am
US MIDDAY: cocoa at 28-year high

US MIDDAY: cocoa at 28-year high

US cocoa futures on ICE Futures climbed to another 28-year high in early trade Thursday, while arabica coffee tapped a 3-1/2-month high for the third day, with both markets boosted by the weak dollar. September arabica was up 1.20 cent at $1.5155 per lb b
Published 27 Jun, 2008 12:00am
US MIDDAY: sugar eases

US MIDDAY: sugar eases

Raw sugar futures on ICE Futures US at EDT 1246 GMT. Key October raw sugar contract was up 0.01 cent at 12.66 cents per lb. Volume done at 15,219 lots. Moving between 12.62 and 12.88 cents.
Published 27 Jun, 2008 12:00am
US MIDDAY: soyabeans higher

US MIDDAY: soyabeans higher

July soyabean futures were up 32-1/2 cents at $15.70 per bushel, new-crop November was up 36 at $15.61. Excessive rainfall and flooding in the US Midwest boosting prices.
Published 27 Jun, 2008 12:00am
US MIDDAY: corn up

US MIDDAY: corn up

July corn was up 22 cents at $7.52 per bushel, new-crop December was up 23 at $7.88. Excessive rainfall and flooding in the US Midwest boosting prices, along with higher crude oil and weak dollar.
Published 27 Jun, 2008 12:00am
US MIDDAY: wheat rises

US MIDDAY: wheat rises

July wheat was up 26 cents at $9.27-3/4 per bushel, September was up 25-3/4 at $9.46. Rallied to two-month high on technical buying and short-covering, led by corn and broad rally in commodities sector. Market shrugs off seasonal harvest pressure.
Published 27 Jun, 2008 12:00am
US MIDDAY: copper rises

US MIDDAY: copper rises

US copper futures ended up on Thursday after hitting their highest levels in seven weeks, as investors took their cue from the dollar, which crumbled in the wake of a neutral Federal Reserve policy statement. Copper for July delivery settled up 5.30 cents
Published 27 Jun, 2008 12:00am
US MIDDAY: gold soars

US MIDDAY: gold soars

US gold futures surge almost 4 percent on Thursday, trading above $910 an ounce as funds switched back into commodities as the stock market fell amid renewed credit fears. August contract on Comex division of New York Mercantile Exchange up $29.40 or 3.3
Published 27 Jun, 2008 12:00am
Mendis career-best helps Sri Lanka down UAE

Mendis career-best helps Sri Lanka down UAE

Unorthodox spinner Ajantha Mendis took a career-best 5-22 to help Sri Lanka overcome a fighting United Arab Emirates by 142 runs in the final Group A match played at the Gaddafi Stadium here on Thursday.
Published 27 Jun, 2008 12:00am
Sharapova crashes out to Kudryavtseva

Sharapova crashes out to Kudryavtseva

Third seed Maria Sharapova was sent packing at Wimbledon on Thursday, humbled 6-2 6-4 by an inspired Alla Kudryavtseva in an all-Russian second round battle on Court One.
Published 27 Jun, 2008 12:00am
Sehwag runs rampage as India beat Pakistan

Sehwag runs rampage as India beat Pakistan

Virendar Sehwag punished Pakistan's bowling with an aggressive hundred to lead India to a comfortable six-wicket win in the final Group B Asia Cup match here on Thursday. Sehwag smashed a 95-ball 119 and Suresh Raina hit a 68-ball 84 during their 198-run
Published 27 Jun, 2008 12:00am
Death of Sangeen Wali condoled

Death of Sangeen Wali condoled

Senate Chairman Mohammedmian Soomro and Deputy Chairman. Jan Mohammad Khan Jamali have sent separate condolence messages to Asfandyar Wali Khan of Awami National Party. Asfandyar Khan's younger brother, Sangeen Wali, died early on Thursday morning.
Published 27 Jun, 2008 12:00am
Deadline for blocking unregistered SIMs extended

Deadline for blocking unregistered SIMs extended

Mobile phone companies could play a major role in resolving law and order situation. If mobile phones are used in a right way then half of the law and order problem will be resolved, said Senator Talha Mehmood, Chairman Senate Standing Committee on Interi
Published 27 Jun, 2008 12:00am
Complaint filed against Elahi

Complaint filed against Elahi

A private complaint has been filed against former chief minister Punjab Pervaiz Elahi, his former advisor Haji Muhammad Hanif, district naib Nazim Lahore Azeem Hanif and police officers on the charges of conducting firing on a PML-N's election office in G
Published 27 Jun, 2008 12:00am
Government to make rehabilitation centre for addicts: Nazim

Government to make rehabilitation centre for addicts: Nazim

District Nazim Mian Amir has said his government will make a rehabilitation centre for addicts in the Sayyed Mitha Bazaar at an estimated cost of Rs 10 million. He told a rally on the "Narcotics Day" organised by the Anti-Narcotics Force that up to 4 mill
Published 27 Jun, 2008 12:00am
Chairman PSMA hosts dinner

Chairman PSMA hosts dinner

Pakistan Sugar Mills Association (PSMA) Chairman Chaudhry Zaka Ashraf on Thursday hosted a dinner honouring faculty and students of the Bahawalpur Islamia University's (BIU) media department. The students questioned Ashraf on various fields, such as media
Published 27 Jun, 2008 12:00am
Body formed to resolve construction industry problems

Body formed to resolve construction industry problems

Prime Minister Syed Yousuf Raza Gilani on Thursday said the government is focusing on the provision of low-cost housing to the people to meet housing shortage in the country. He was talking to a delegation of the Association of Builders and Developers of
Published 27 Jun, 2008 12:00am
Anti-narcotics day observed

Anti-narcotics day observed

The International Day against Drug Abuse and Illicit Trafficking was observed here on Thursday like other parts of the world with a renewed pledge to fight against narcotics and create greater awareness about drug abuse.
Published 27 Jun, 2008 12:00am
City Council session: Treasury demands revival of OZT system

City Council session: Treasury demands revival of OZT system

Amid a noisy uproar the City Council on Thursday through a resolution demanded of the federal and provincial governments to either withdraw their decision on cutting Octroi Zilla Tax (OZT) for the local governments or revive the previous octroi system.
Published 27 Jun, 2008 12:00am
Arif Usmani made Citi country officer for Pakistan

Arif Usmani made Citi country officer for Pakistan

The Citibank N.A. (Citi) on Thursday announced that Arif Usmani has been appointed Pakistan Country Officer and Managing Director, replacing long time Country Head Zubyr Socorro, says a press release.
Published 27 Jun, 2008 12:00am
UBL Fund launches Principal Protected Plan - I

UBL Fund launches Principal Protected Plan - I

UBL Fund Managers, the Pakistan's leading asset management company has announced the launch of its new and most innovative investment plan, the UBL Principal Protected Plan - I (UPPP-I) for high net worth clients and institutional investors.
Published 27 Jun, 2008 12:00am
UBL Fund launches Principal Protected Plan - I

UBL Fund launches Principal Protected Plan - I

UBL Fund Managers, the Pakistan's leading asset management company has announced the launch of its new and most innovative investment plan, the UBL Principal Protected Plan - I (UPPP-I) for high net worth clients and institutional investors.
Published 27 Jun, 2008 12:00am
Lahore traders divide over strike

Lahore traders divide over strike

Traders of Lahore have divided into two groups over their plan to observe shutter down strike to protest the Lahore High Court (LHC) decision of debarring PML-N chief Nawaz Sharif from standing in the bye-election.
Published 27 Jun, 2008 12:00am
Rs 27 billion CDA budget today

Rs 27 billion CDA budget today

The Capital Development Authority (CDA) budget for fiscal year 2008-09 would be announced on Friday (today). It is learnt that the budget outline will be Rs 27 billion against the Rs 24 billion of the out-going fiscal year that shows 11percent increase.
Published 27 Jun, 2008 12:00am
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