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Dec 25, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2008-07-03
Philippines shares drop

Philippines shares drop

Philippines share prices closed 0.9 percent down to a fresh 22-month low on Wednesday as high oil prices fuelled more fears of a surge in domestic inflation, dealers said. The composite index lost 21.35 points to 2,393.90, the day's low. The all share ind
Published 03 Jul, 2008 12:00am
Thai share prices decline

Thai share prices decline

Thai shares closed 1.12 percent lower on Wednesday amid growing concern over rising inflation, dealers said. They said banking and property stocks led the decline, while volatile oil prices and worries about political instability added to the negative sen
Published 03 Jul, 2008 12:00am
Nikkei hits longest losing streak in 43 years

Nikkei hits longest losing streak in 43 years

The Nikkei average fell 1.3 percent on Wednesday to hit its longest losing streak in more than 40 years, as worries about the global economy hit exporters such as Canon Inc Shipping firms extended losses after freight charges on the Baltic Dry Index dropp
Published 03 Jul, 2008 12:00am
Singapore shares end flat

Singapore shares end flat

Singapore share prices closed flat on Wednesday as overall sentiment remained weak, dealers said. The blue chip Straits Times Index fell 0.56 points to 2,906.23, giving up modest early gains. Volume totalled 1.19 billion shares worth 1.34 billion Singapor
Published 03 Jul, 2008 12:00am
Indian shares surge 5.42 percent

Indian shares surge 5.42 percent

Indian shares surged 5.42 percent on Wednesday, bouncing back to snap a sharp three-day slide as investors bought into major stocks, dealers said. The benchmark Mumbai 30-share Sensex index rose 702.94 points to 13,664.62 for its third highest ever percen
Published 03 Jul, 2008 12:00am
Yuan weakens, eyes on global markets

Yuan weakens, eyes on global markets

The yuan edged lower against the dollar in the spot and offshore non-deliverable forwards markets on Wednesday, after China's central bank set a lower reference rate despite the US currency's weakness on global markets.
Published 03 Jul, 2008 12:00am
Dollar falls against euro

Dollar falls against euro

The dollar fell against the euro and was little changed against the yen on Tuesday in a volatile session as investors debated the outlook for the US economy while anticipating a rate hike from the European Central Bank later this week.
Published 03 Jul, 2008 12:00am
Euro firms against dollar

Euro firms against dollar

The euro firmed against the dollar on Wednesday, extending the previous day's gains on expectations the European Central Bank will bump up interest rates later this week. The Australian dollar jumped after surprisingly strong retail sales data showed dema
Published 03 Jul, 2008 12:00am
Australian dollar recovers

Australian dollar recovers

The Australian dollar recovered from one-week lows against the US currency on Wednesday after a stronger-than-expected retail sales report saw investors price back in an interest rate hike in the next twelve months. Interest rate futures moved to almost f
Published 03 Jul, 2008 12:00am
Asian currencies mostly weak

Asian currencies mostly weak

Most Asian currencies fell on Wednesday, with the Philippine peso hitting a nine-month low, on fears that inflationary pressures in the region would significantly affect economic growth. Currencies also weakened as the US dollar inched up against the yen
Published 03 Jul, 2008 12:00am
Swiss franc rises

Swiss franc rises

The Swiss franc was higher against the euro on Wednesday as market players turn their attention to the European Central Bank's interest rate decision on Thursday. "At the moment it is a wait for the ECB's interest rate decision," said Clariden Leu's Sandr
Published 03 Jul, 2008 12:00am
WTA chief upset by women's scheduling

WTA chief upset by women's scheduling

WTA chief Larry Scott said on Wednesday he was "disappointed and concerned" with the scheduling of women's matches at Wimbledon and planned to discuss the issue with organisers of the grasscourt grand slam.
Published 03 Jul, 2008 12:00am
Aragones says he left Spain job because he was not wanted

Aragones says he left Spain job because he was not wanted

Luis Aragones said on Wednesday he left his post as Spain coach because the Spanish Football Federation (RFEF) did not want him to continue. The 69-year-old led Spain to victory at Euro 2008, their first major title in 44 years, but had consistently maint
Published 03 Jul, 2008 12:00am
'Cricket All-round' book launched

'Cricket All-round' book launched

Senior sports journalist Mukhtar Bhatti has edited and compiled a new book on cricket, "Cricket All-round". The book, which is said to be a highly valuable contribution to the library of sports books, covers World Cup, Champions Trophy, Asia Cup and Twent
Published 03 Jul, 2008 12:00am
Wohaib, Bata qualified for NBP soccer semi-final

Wohaib, Bata qualified for NBP soccer semi-final

Wohaib Football Club and Bata Star qualified for the semi-final of the NBP Lahore District Soccer Championship 2008 after defeating Shining Football Club and Nishat Club in quarter-finals. The final will be played on July 5 (Saturday) at Old Campus Ground
Published 03 Jul, 2008 12:00am
FIFA ordered to pay costs over marketing firm collapse

FIFA ordered to pay costs over marketing firm collapse

A Swiss criminal court has ordered world soccer's governing body FIFA to pay 117,000 Swiss Francs ($114,500) in costs following a trial into the spectacular collapse in 2001 of its marketing partners ISL.
Published 03 Jul, 2008 12:00am
Beijing architects given Lord's brief

Beijing architects given Lord's brief

The architects behind Beijing's 'Bird's Nest' Olympic Stadium were awarded another high-profile sports commission Wednesday when they were given the job of designing the redevelopment of Lord's. Herzog and de Meuron have been selected by Marylebone Cricke
Published 03 Jul, 2008 12:00am
Rain halts Federer surge in Wimbledon quarter-finals

Rain halts Federer surge in Wimbledon quarter-finals

Rain brought Roger Federer's blistering start to his Wimbledon quarter-final against Mario Ancic to a halt on Wednesday after just 27 minutes of action. The five-time champion led Ancic, the last man to beat Federer on grass here in 2002, 6-1, 1-1 when pl
Published 03 Jul, 2008 12:00am
Zimbabwe board likely to avoid ICC ban

Zimbabwe board likely to avoid ICC ban

The International Cricket Council (ICC) is not expected to bow to demands that Zimbabwe's board be banned, but the organisation is set to discuss a possible suspension for the country's limited-overs side. "It is difficult for the ICC to remove Zimbabwe,"
Published 03 Jul, 2008 12:00am
Spain lead world rankings

Spain lead world rankings

Newly crowned European champions Spain have climbed to the top of the latest world rankings published by world soccer's governing body FIFA on Wednesday. It is the first time since the introduction of the rankings in 1992 that Spain, who were rated fourth
Published 03 Jul, 2008 12:00am
Journalists in Sri Lanka hold protest near President's House

Journalists in Sri Lanka hold protest near President's House

Journalists backed by opposition supporters chanting slogans and carrying placards demonstrated close to the President's House in the Sri Lankan capital Wednesday, demanding the arrest of those involved in an attack on a fellow journalist and his colleagu
Published 03 Jul, 2008 12:00am
Police begin investigation into Anwar's allegations

Police begin investigation into Anwar's allegations

Malaysian police on Wednesday began an investigation into opposition leader Anwar Ibrahim's report alleging that the country's police chief and attorney general were involved in falsely charging him with corruption and sodomy in 1998."We have received the
Published 03 Jul, 2008 12:00am
Broken promises sound off-note between G8 and Africa

Broken promises sound off-note between G8 and Africa

When African leaders meet their rich G8 counterparts next week the inevitable smiles will mask bitter disappointment over broken promises on both sides. G8 nations are falling short of grand pledges they made at a summit in Gleneagles, Scotland, in 2005 t
Published 03 Jul, 2008 12:00am
Jordan king to visit Iraq

Jordan king to visit Iraq

Jordan's King Abdullah II will visit Iraq soon, Iraqi Foreign Minister Hoshyar Zebari said on Wednesday, in what would be the first trip by an Arab head of state since the 2003 war. No date has been set for the visit, which follow's Jordan's appointment o
Published 03 Jul, 2008 12:00am
Simmering anger in Baghdad over fuel crisis in hot summer

Simmering anger in Baghdad over fuel crisis in hot summer

Long fuel queues, power cuts for up to 20 hours a day, no government plan to reduce the shortages despite a huge budget as well as soaring summer temperatures coupled with a blinding dust storm.
Published 03 Jul, 2008 12:00am
War of words rages on between Estonia and Russia

War of words rages on between Estonia and Russia

A war of words between Estonia and Russia escalated further on Wednesday amid Moscow's accusing Tallinn of undermining Russian sovereignty in a controversial speech by Estonian President Toomas Hendrik Ilves last weekend.
Published 03 Jul, 2008 12:00am
Five dead in Mongolia violence

Five dead in Mongolia violence

A riot in Mongolia's capital over alleged election fraud has killed five people, dampening hopes for a period of stable government to develop the mining sector and tackle inflation.
Published 03 Jul, 2008 12:00am
Obama dominates McCain

Obama dominates McCain

Democrat Barack Obama has a dominant lead over Republican John McCain among Hispanic voters, despite his struggle to woo the key bloc during his presidential primary campaign, a poll found Wednesday. A Gallup survey put Obama up 59 percent to 29 percent o
Published 03 Jul, 2008 12:00am
Nepal's former crown prince in Singapore

Nepal's former crown prince in Singapore

Nepal's former crown prince Paras has arrived in Singapore, a source said Wednesday, as speculation swirled that he was planning to abandon his homeland for good. Paras, 36, boarded a Silk Air flight to the city-state on Tuesday, a senior airport security
Published 03 Jul, 2008 12:00am
Foreign troop death toll hits record in Afghanistan

Foreign troop death toll hits record in Afghanistan

The number of foreign troops killed in Afghanistan last month was the highest since the fall of the Taliban in late 2001, figures showed Wednesday. June was also the second month in a row that foreign troop fatalities in Afghanistan surpassed those in Ira
Published 03 Jul, 2008 12:00am
China attacks Dalai Lama as talks continue

China attacks Dalai Lama as talks continue

China launched another attack on exiled Tibetan spiritual leader the Dalai Lama on Wednesday even as his envoys and Chinese officials had a second day of secretive fence-mending talks.
Published 03 Jul, 2008 12:00am
Solar System is egg-shaped

Solar System is egg-shaped

Millions of textbooks depicting our Solar System as spherical have got it all wrong, according to studies of data sent back from deep space by NASA's venerable probe, Voyager 2. The Sun's zone of influence - called the heliosphere - turns out to be seriou
Published 03 Jul, 2008 12:00am
US Navy won't let Iran shut Gulf, will defend ships

US Navy won't let Iran shut Gulf, will defend ships

The United States will not allow Iran to block the Gulf, which carries crude from the world's largest oil exporting region, and would defend its ships in the waterway, the US Navy's Fifth Fleet said on Wednesday.
Published 03 Jul, 2008 12:00am
EU adopts caring face with new social proposals

EU adopts caring face with new social proposals

The European Union unveiled new social measures on Wednesday, including giving people the right to shop across the bloc for health care, in a bid to counter charges it is detached from the day-to-day worries of its citizens. A second draft law presented b
Published 03 Jul, 2008 12:00am
Egypt closes Gaza border after clashes

Egypt closes Gaza border after clashes

Egypt closed its border with the Gaza Strip on Wednesday after hundreds of Palestinians stormed it and clashed with police a day after the border was temporarily reopened.Angry crowds, who have been waiting for hours to be allowed to pass through the Rafa
Published 03 Jul, 2008 12:00am
Palestinian kills three in bulldozer rampage

Palestinian kills three in bulldozer rampage

A Palestinian assailant killed three people and wounded 45 more as he ploughed a bulldozer into buses and cars in Jerusalem on Wednesday before being shot dead by Israeli police who branded it a terror attack.
Published 03 Jul, 2008 12:00am
Clashes in Somalia kill 53, dozens wounded

Clashes in Somalia kill 53, dozens wounded

At least 53 people were killed in Somalia when Islamist insurgents clashed with Ethiopian troops and Ugandan peacekeepers in separate battles, a human rights group said on Wednesday. The latest flare-up in the 18-month-old insurgency came a week before a
Published 03 Jul, 2008 12:00am
Indian government woos regional party to stay in power

Indian government woos regional party to stay in power

India's government tried to woo a regional party on Wednesday and secure a parliamentary majority amid signs its communist allies would withdraw their support to protest a nuclear deal with the United States.
Published 03 Jul, 2008 12:00am
Sarkozy under fire on handling of army and TV

Sarkozy under fire on handling of army and TV

President Nicolas Sarkozy's handling of two major French institutions, the army and the public television, faced attacks on Wednesday which raised questions about his abrasive leadership style. The controversies are unrelated but come at a delicate time f
Published 03 Jul, 2008 12:00am
500 held in UK in human trafficking crackdown

500 held in UK in human trafficking crackdown

British police have arrested more than 500 suspects in a crackdown on human trafficking in the sex trade, the government said on Tuesday. The Home Office said the majority of the 167 victims identified originated from China, south-east Asia and eastern Eu
Published 03 Jul, 2008 12:00am
Britain tightens ban on Hezbollah

Britain tightens ban on Hezbollah

The British government has asked parliament to outlaw Hezbollah's military wing and accused the Iranian-backed Lebanese group of supporting terrorism in Iraq and the Palestinian territories, a government statement said.
Published 03 Jul, 2008 12:00am
Diplomacy first option on Iran nuclear plan: Bush

Diplomacy first option on Iran nuclear plan: Bush

US President George W. Bush said on Wednesday that diplomacy was the first option to address Iran's nuclear programme, which he is concerned could be used to build a nuclear weapon, but he repeated that all options were on the table.
Published 03 Jul, 2008 12:00am
Sterling falters

Sterling falters

The pound fell broadly on Wednesday as tumbling UK housing shares and a profit warning from retailer Marks and Spencer cast a further shadow over Britain's already slowing economy. Confidence in the UK housing sector was knocked after Taylor Wimpey failed
Published 03 Jul, 2008 12:00am
Indian rupee rises

Indian rupee rises

The Indian rupee rose on Wednesday, recovering from 15-month lows on the back of a 5.4 percent surge in the stock market, but high crude prices may continue to exert downward pressure on the local unit.
Published 03 Jul, 2008 12:00am
Euro steadies in London

Euro steadies in London

The euro was steady on Wednesday, retreating from a two-month high against the dollar set earlier as investors remained wary ahead of a widely expected quarter point interest rate hike by the European Central Bank.
Published 03 Jul, 2008 12:00am
European credit spreads slightly tighter

European credit spreads slightly tighter

European credit spreads were slightly tighter on Wednesday following US figures showing a sharp drop in jobs but stronger-than-expected factory orders and with modest reaction by share markets, a trader said. By 1511 GMT, the Markit investment-grade iTrax
Published 03 Jul, 2008 12:00am
European credit spreads slightly tighter

European credit spreads slightly tighter

European credit spreads were slightly tighter on Wednesday following US figures showing a sharp drop in jobs but stronger-than-expected factory orders and with modest reaction by share markets, a trader said. By 1511 GMT, the Markit investment-grade iTrax
Published 03 Jul, 2008 12:00am
Asian bonds rise

Asian bonds rise

Asian bonds rose marginally on Wednesday tracking Wall Street's gains but strong oil prices capped the rally amid inflation fears and concerns more monetary tightening was on its way around the region.
Published 03 Jul, 2008 12:00am
Asian bonds rise

Asian bonds rise

Asian bonds rose marginally on Wednesday tracking Wall Street's gains but strong oil prices capped the rally amid inflation fears and concerns more monetary tightening was on its way around the region.
Published 03 Jul, 2008 12:00am
Gold gains in Asia

Gold gains in Asia

Gold extended gains on Wednesday as inflation fears stoked by record high oil prices boosted the metal's safe-haven appeal in times of uncertainty. Gold rose to $941.00/942.05 an ounce from $938.40/939.40 late in New York. It rallied to hit a high of $945
Published 03 Jul, 2008 12:00am
Britain's top share index dips

Britain's top share index dips

Britain's top share index shed 1 percent on Wednesday, extending the previous session's sharp losses as miners fell on weaker coal prices and Marks & Spencer slumped after a profit warning, though drugmakers rose. The FTSE 100 closed down 53.6 points at 5
Published 03 Jul, 2008 12:00am
New York cotton futures keep losing streak

New York cotton futures keep losing streak

Cotton futures extended a losing streak to end Wednesday at a fresh three-week low and analysts are looking for signs the market may hold its lows and possibly stabilise over the coming sessions. The key December cotton contract fell 1.04 cents to finish
Published 03 Jul, 2008 12:00am
US copper ends up

US copper ends up

US copper futures closed higher on Tuesday, supported by strength in surrounding commodity markets and a continued strike in Peru, the world's second-largest producer of the red metal. Copper for September delivery ended up 2.80 cents at $3.9105 a lb on t
Published 03 Jul, 2008 12:00am
Copper climbs in London

Copper climbs in London

Copper prices hit a two-month high on Wednesday, supported by worries over supply due to a labour dispute in Peru and by a weaker dollar, while aluminium hit a four-month high. Copper for three-month delivery on the London Metal Exchange touched $8,795 pe
Published 03 Jul, 2008 12:00am
New York crude and brent oil hit all-time high

New York crude and brent oil hit all-time high

Oil prices leapt to fresh records on Wednesday with London prices crossing 144 dollars a barrel as the US dollar weakened and data revealed a drop in stockpiles of US crude. Brent North Sea crude oil for August delivery surged as high as 144.65 dollars a
Published 03 Jul, 2008 12:00am
New York crude and brent oil hit all-time high

New York crude and brent oil hit all-time high

Oil prices leapt to fresh records on Wednesday with London prices crossing 144 dollars a barrel as the US dollar weakened and data revealed a drop in stockpiles of US crude. Brent North Sea crude oil for August delivery surged as high as 144.65 dollars a
Published 03 Jul, 2008 12:00am
New York crude and brent oil hit all-time high

New York crude and brent oil hit all-time high

Oil prices leapt to fresh records on Wednesday with London prices crossing 144 dollars a barrel as the US dollar weakened and data revealed a drop in stockpiles of US crude. Brent North Sea crude oil for August delivery surged as high as 144.65 dollars a
Published 03 Jul, 2008 12:00am
London cocoa down, sugar up

London cocoa down, sugar up

Cocoa prices closed weak Wednesday in a modest setback after the market surged to its highest levels in more than 20 years this week, but the overall mood remained bullish, dealers said. Coffee edged up to 3-1/2-month highs and sugar rose to four-month pe
Published 03 Jul, 2008 12:00am
London gold steadies

London gold steadies

Gold steadied in Europe on Wednesday, with weakness in the dollar and strength in oil lifting bullion after investors took profits early in the session. Gold traded at $940.60/941.70 an ounce at 1330 GMT against $938.40/939.40 late in New York. It rallied
Published 03 Jul, 2008 12:00am
US MIDDAY: cocoa and coffee ease

US MIDDAY: cocoa and coffee ease

US cocoa on ICE Futures eased early on Wednesday in a mild correction after soaring up a 28-year peak Tuesday, while arabica coffee likewise slipped as origin sellers appeared. September arabica contract down 1.50 cents at $1.5385 per lb by 9:22 am EDT (1
Published 03 Jul, 2008 12:00am
US MIDDAY: sugar higher

US MIDDAY: sugar higher

Raw sugar futures early on Wednesday at a four-month top after investor buying moved back into the market, following another spike in crude, to erase losses from a short-lived setback, brokers said. The benchmark October raw sugar contract climbed 0.26 ce
Published 03 Jul, 2008 12:00am
US MIDDAY: wheat climbs

US MIDDAY: wheat climbs

Wheat futures on the Chicago Board of Trade were higher early on Wednesday on technical buying, following a bounce in the corn market, traders said. As of 10:08 am CDT (1508 GMT), CBOT July wheat was up 4-1/4 cents at $8.54 per bushel, with KCBT July up 1
Published 03 Jul, 2008 12:00am
US MIDDAY: corn rallies

US MIDDAY: corn rallies

Corn futures on the Chicago Board of Trade rallied early on Wednesday on a technical bounce following a sharp retreat this week from recent all-time highs, traders said. Some forecasts for hot weather in extended outlooks for the US Midwest added support.
Published 03 Jul, 2008 12:00am
US MIDDAY: soya down

US MIDDAY: soya down

Soyabean futures on the Chicago Board of Trade fell early on Wednesday as traders booked profits after the market climbed to an all-time high during Asian trading hours, traders said. As of 9:36 am CDT (1436 GMT), CBOT July soyabeans were down 11-1/2 cent
Published 03 Jul, 2008 12:00am
US MIDDAY: copper jumps

US MIDDAY: copper jumps

US copper futures returned to the upside early on Wednesday after higher-than-forecast US factory orders data were released, reversing declines from a light profit taking spree ahead of the long US holiday weekend, traders said.
Published 03 Jul, 2008 12:00am
US MIDDAY: gold falls

US MIDDAY: gold falls

US gold futures fell early on Wednesday as investors took profits in spite of a lower dollar, but a breach above key technical resistance should help bullion in the near term August contract on COMEX division of New York Mercantile Exchange down $5.20 at
Published 03 Jul, 2008 12:00am
Malakand Agency: steps taken to ensure safety of tourists: minister

Malakand Agency: steps taken to ensure safety of tourists: minister

NWFP Minister for Livestock and Dairy Development Haji Hidayatullah Khan on Wednesday said that ANP government has taken steps for maintaining durable peace and promoting tourism in all parts of Malakand Agency including Swat and Dir.
Published 03 Jul, 2008 12:00am
PML-N complains of PPP unilateralism

PML-N complains of PPP unilateralism

PML-N Central leader Khwaja Saad Rafique has hinted at growing cracks in the governing coalition while saying the PPP is not consulting it's fellow coalition members, but rather acting unilaterally on the major issues that face the nation.
Published 03 Jul, 2008 12:00am
AJK allocates land for Tusdec centres

AJK allocates land for Tusdec centres

Azad Jammu and Kashmir (AJK) government has provided 16 kanals of land to Technology Upgradation and Skill Development Company (Tusdec) for setting up two skill development centres in Bagh district. According to Tusdec spokesman here on Wednesday.
Published 03 Jul, 2008 12:00am
LCCI to hold three-day conference from July 22

LCCI to hold three-day conference from July 22

The Lahore Chamber of Commerce and Industry (LCCI), in collaboration with the Small and Medium Enterprise Development Authority (Smeda) and Institute of Telecommunication Engineers (Instep) will hold a three-day OIC Telecom and IT Conference and Expo from
Published 03 Jul, 2008 12:00am
Shabbir Hussain laid to rest

Shabbir Hussain laid to rest

The Namaz-e-Janaza of Head Police Constable, Shabbir Hussain killed in an encounter with a hardened criminal in Shahdara area on July, 1 was held at the Police Lines Qilla Gujjar Singh on Wednesday.
Published 03 Jul, 2008 12:00am
Edhi announces 'Bheek Mission' scheme

Edhi announces 'Bheek Mission' scheme

Head of the Edhi Foundation Dr Abdul Sattar Edhi has announced a scheme "Bheek Mission" to collect funds to provide free food for the poor people. He said that around 2 million people would be benefited from this scheme and free food would be provided in
Published 03 Jul, 2008 12:00am
IHC vacates stay on construction work in F-8 park

IHC vacates stay on construction work in F-8 park

The Islamabad High Court here on Wednesday vacated a stay it had granted earlier on construction work by the Capital Development Authority (CDA) in a park located in Sector F-8. The Single Bench comprising Chief Justice Sardar Mohammad Aslam heard a writ
Published 03 Jul, 2008 12:00am
Construction of hotel: Pak-EPA to hold public hearing on July 12

Construction of hotel: Pak-EPA to hold public hearing on July 12

Pakistan Environmental Protection Agency (Pak-EPA) is holding a public hearing on July 12 to take comments from the general public and stakeholders over Environmental Impact Assessment (EIA) for construction of Avari Hotel Islamabad, costing more than $70
Published 03 Jul, 2008 12:00am
HRW favours judges' early restoration

HRW favours judges' early restoration

Human Rights Watch (HRW) Executive Director Ken Roth has said that all judges illegally removed on November 3, 2007 including deposed chief justice Iftikhar Chaudhry should be restored immediately. Musharraf is an illegal president and must be held accoun
Published 03 Jul, 2008 12:00am
Pildat discussion on migration issues today

Pildat discussion on migration issues today

Pakistan Institute of Legislative Development and Training (Pildat) will arrange a briefing session on Overseas Pakistani Workers: Significance and Issues of Migration on Thursday. The briefing will focus on migration issues in the 21st Century as more an
Published 03 Jul, 2008 12:00am
Demonstration against non-payment of Zakat

Demonstration against non-payment of Zakat

More than 15,000 "Mustehkeen" were not paid Zakat for the last six months on which they held protest demonstration in front of the office of District Zakat and Ushr Committee here. The hundreds of the affectees also staged sit in there to mark protest in
Published 03 Jul, 2008 12:00am
Criminal arrested

Criminal arrested

The Investigation Police, Gulberg have arrested notorious criminal Azam Ali involved in many dacoity, robbery and snatching cases seized 17 cell phones, one motorcycle and illegal weapons from him. The police sources informed Business Recorder that
Published 03 Jul, 2008 12:00am
Iesco field staff urged to use security instruments

Iesco field staff urged to use security instruments

Chief Executive Islamabad Electric Supply Company (Iesco) Raja Abdul Ghafoor on Wednesday urged field workers to take security measures during any upgradation and rehabilitation work for safety of their lives.
Published 03 Jul, 2008 12:00am
Move to resolve canal water issues initiated

Move to resolve canal water issues initiated

The Irrigation and Power Department is setting up offices of Area Water Boards of Lower Chenab Canal, East and West Circles in Faisalabad with an amount of Rs 41.56 million The department has initiated the move to provide an easy access to the farmers of
Published 03 Jul, 2008 12:00am
Parc, CIMMYT to cooperate in agriculture research

Parc, CIMMYT to cooperate in agriculture research

Pakistan Agricultural Research Council (Parc) and CIMMYT - a Mexico-based non-profit research international organisation - will co-operate in the field of agriculture research. The CIMMYT (Centrol International de Mejoramiento de Maiz y Trigo) is an Inter
Published 03 Jul, 2008 12:00am
'PPP's credibility crisis'

'PPP's credibility crisis'

As a PPP supporter it pains me to witness the erosion of the part leadership's credibility due to their wavering stance on the issue of judiciary. The people of Pakistan expect Mr Zardari to either walk the talk or stop the rhetoric.
Published 03 Jul, 2008 12:00am
Egypt fights to stem population growth

Egypt fights to stem population growth

Red and white banners along Nile bridges and Cairo streets this month were Egypt's latest effort to curb an increasingly pressing problem: a population growing faster than the economy can support. Since President Hosni Mubarak took office in 1981, the pop
Published 03 Jul, 2008 12:00am
Moving the goal posts to suit your weakness

Moving the goal posts to suit your weakness

Fool me once, shame on you, fool me twice, shame on me. As a force majeure for a period of 30 days, lower level circuit breaker will be applicable at price fluctuations of 1%, and upper level circuit breaker will be applicable at price fluctuations of 10%
Published 03 Jul, 2008 12:00am
Unholy alliance of market players and regulators

Unholy alliance of market players and regulators

On June 24, the KSE-100 rose by 960 points, or about 9 percent, setting a new record for a single day's gain. This record was set after the SECP and the KSE decided to take certain extreme measures, dubbed as "Measures for Market Stabilisation," after the
Published 03 Jul, 2008 12:00am
The question of media accountability

The question of media accountability

Two points dominated the discussion at a recent seminar the Karachi Press Club hosted on the "Role of the Media in India and Pakistan." One was that the media was faced with threats; and the second, that they needed to act with a greater sense of responsi
Published 03 Jul, 2008 12:00am
Zardari and Sharifs need to work together

Zardari and Sharifs need to work together

It was music to our ears that finally a Prime Minister from Pakistan People's Party feels that the government should not be in the business of running businesses and government's role is to be a facilitator for creating a conducive environment for private
Published 03 Jul, 2008 12:00am
NBP candidates excel in IBP examination

NBP candidates excel in IBP examination

National Bank of Pakistan (NBP) candidates in IBP Superior Qualification Examination held in summer 2008 outclassed others both in terms of overall pass percentage of JAIBP, Stage III, II and I in distinctions. The examination was held in May 2008 at 23 c
Published 03 Jul, 2008 12:00am
CDA Board to build 304 flats for employees

CDA Board to build 304 flats for employees

A meeting of the Capital Development Authority (CDA) Board was held here Wednesday at the CDA Headquarters presided over by the Kamran Lashari, Chairman CDA and attended by senior officials.
Published 03 Jul, 2008 12:00am
Bomb blasts suspects get 14-day judicial remand

Bomb blasts suspects get 14-day judicial remand

The Anti-Terrorist Court has sent the suspects of Hamza Camp and R A Bazar bomb explosions to Adiala Jail on 14-day judicial remand after it accepted the prosecution plea to hold an identification parade of the suspects.
Published 03 Jul, 2008 12:00am
CNG stations not paying heed to government clarifications

CNG stations not paying heed to government clarifications

Despite clarification by the government regarding miscalculated increase in CNG prices, most of the filling stations of the twin cities stopped supply of gas instead of decreasing its rates, on Wednesday.
Published 03 Jul, 2008 12:00am
Over Rs 7.5 million irregularities in NWFP BoR unearthed

Over Rs 7.5 million irregularities in NWFP BoR unearthed

The annual audit report for financial year 2004-05 has unearthed irregularities involving Rs 7.586 million in head of water rate, stamp duty, agricultural/land tax, and mutation fee in the Board of Revenue during the said period.
Published 03 Jul, 2008 12:00am
Prices are much higher now, Mr Prime Minister

Prices are much higher now, Mr Prime Minister

The count of Prime Minister Yusuf Raza Gilani's 100-day programme has begun. The list of his first 100 days' programme was impressive. It started with a resolve to end terrorism and extremism, and to "stabilise prices which would be fair to consumers".
Published 03 Jul, 2008 12:00am
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