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Print - 2008-07-27
Senate session summoned on August 4

Senate session summoned on August 4

Acting Chairman Senate, in exercise of the powers conferred by Article 54 (3) of the Constitution has summoned the Senate to meet in the Parliament House, here on August 4, at 5pm. This will be the 45th session of the Senate.
Published 27 Jul, 2008 12:00am
Two killed in Kurram firing

Two killed in Kurram firing

Two persons were killed and one was injured when some unknown armed men opened indiscriminate firing on them here in Kerman Gram Tangi area of the Agency, sources said. According to the sources, the incident occurred when they were going to cut trees.
Published 27 Jul, 2008 12:00am
Gilani to talk on development, democratic dividend: Sherry

Gilani to talk on development, democratic dividend: Sherry

Federal Minister for Information and Broadcasting Sherry Rehman said on Saturday development and democratic dividend would be the main focus of Prime Minister Syed Yousuf Raza Gilani's discussions with the US leadership.
Published 27 Jul, 2008 12:00am
'Auto vendor industry has adequate facilities to produce parts'

'Auto vendor industry has adequate facilities to produce parts'

Permission to import second hand prime movers buses under T.R. and special purpose trucks in the trade policy 2008-09 has expressed the administrative lapses in following the deletions program, this was stated by Iftikhar Malik, former president, FPCCI an
Published 27 Jul, 2008 12:00am
Government planning special industrial zones for NWFP: Naveed

Government planning special industrial zones for NWFP: Naveed

Commerce Minister Naveed Qamar said here on Saturday that imposition of taxation on industry and trade related business during the current financial year is focused on minimising budget deficit, and to restore the economy. He was talking to members of a d
Published 27 Jul, 2008 12:00am
Programme on cholesterol control held

Programme on cholesterol control held

'Dyslipidemia is an altered balance in the body of various lipid carrier particles called as lipoproteins; serve to transport lipids from one part of the body to another.
Published 27 Jul, 2008 12:00am
Doctors warn against outbreak of dengue fever

Doctors warn against outbreak of dengue fever

Doctors have warned inhabitants as well as managers of Karachi to brave themselves against every possibility of dengue fever outbreak in few weeks time.
Published 27 Jul, 2008 12:00am
Government to float 'Securitised Bond' soon

Government to float 'Securitised Bond' soon

Federal Finance Minister Syed Naveed Qamar has said that the government will soon float Securitised Bond in the domestic and international markets. Addressing the Dawood Islamic Bank Pre-IPO dinner here on Saturday, he said that the government will make n
Published 27 Jul, 2008 12:00am
Government to float 'Securitised Bond' soon

Government to float 'Securitised Bond' soon

Federal Finance Minister Syed Naveed Qamar has said that the government will soon float Securitised Bond in the domestic and international markets. Addressing the Dawood Islamic Bank Pre-IPO dinner here on Saturday, he said that the government will make n
Published 27 Jul, 2008 12:00am
US visit aimed at expanding strategic, bilateral ties: Gilani

US visit aimed at expanding strategic, bilateral ties: Gilani

Prime Minister Syed Yousuf Raza Gilani on Saturday said his US visit is aimed at expanding strategic and bilateral ties between the two countries. Talking to reporters aboard his special plane on way to London from where he will travel to US, he said besi
Published 27 Jul, 2008 12:00am
NWFP Home Secretary booked in a murder case

NWFP Home Secretary booked in a murder case

Police have registered an FIR against three people including Secretary home department after the killing of a medicine trader in Peshawar, Aaj TV reported. A close relative of the deceased Ijaz told Aaj TV that the deceased was sitting in hi
Published 27 Jul, 2008 12:00am
Kamal Shah's contract extended for indefinite period

Kamal Shah's contract extended for indefinite period

Federal Government has extended the service contract of Secretary Interior, Syed Kamal Shah, for an indefinite period. According to notification issued here on Saturday, Syed Kamal Shah, who was already as Secretary Interior on an extension of one year, w
Published 27 Jul, 2008 12:00am
14 deposed judges to be reinstated

14 deposed judges to be reinstated

The government has decided to reinstate 14 deposed judges of Sindh and Punjab High Courts and these judges will retain their seniority as on November 03, 2007, Aaj TV channel reported.
Published 27 Jul, 2008 12:00am
Paapam threatens to shut its 200 units

Paapam threatens to shut its 200 units

Pakistan Association of Automotive Parts and Accessories Manufacturers (Paapam) has accused the Punjab Labour Department of harassment and threatened to close down its 200 engineering units. Talking to Business Recorder here on Saturday.
Published 27 Jul, 2008 12:00am
Paapam threatens to shut its 200 units

Paapam threatens to shut its 200 units

Pakistan Association of Automotive Parts and Accessories Manufacturers (Paapam) has accused the Punjab Labour Department of harassment and threatened to close down its 200 engineering units. Talking to Business Recorder here on Saturday.
Published 27 Jul, 2008 12:00am
Paapam threatens to shut its 200 units

Paapam threatens to shut its 200 units

Pakistan Association of Automotive Parts and Accessories Manufacturers (Paapam) has accused the Punjab Labour Department of harassment and threatened to close down its 200 engineering units. Talking to Business Recorder here on Saturday.
Published 27 Jul, 2008 12:00am
Saarc meeting opens today in Sri Lanka

Saarc meeting opens today in Sri Lanka

An eight-member South Asian meeting opening in Sri Lanka on Sunday will focus on boosting regional trade and stepping up moves to combat terrorism, Colombo's foreign minister said on Saturday. Officials of the South Asian Association for Regional Co-opera
Published 27 Jul, 2008 12:00am
Saarc meeting opens today in Sri Lanka

Saarc meeting opens today in Sri Lanka

An eight-member South Asian meeting opening in Sri Lanka on Sunday will focus on boosting regional trade and stepping up moves to combat terrorism, Colombo's foreign minister said on Saturday. Officials of the South Asian Association for Regional Co-opera
Published 27 Jul, 2008 12:00am
Gilani condemns India blasts

Gilani condemns India blasts

Prime Minister Syed Yousuf Raza Gilani on Saturday strongly condemned the acts of terrorist violence in the Indian cities of Ahmedabad and Banglore. He expressed his deep sympathies with the bereaved families and the victims of these dastardly acts of sen
Published 27 Jul, 2008 12:00am
Gilani condemns India blasts

Gilani condemns India blasts

Prime Minister Syed Yousuf Raza Gilani on Saturday strongly condemned the acts of terrorist violence in the Indian cities of Ahmedabad and Banglore. He expressed his deep sympathies with the bereaved families and the victims of these dastardly acts of sen
Published 27 Jul, 2008 12:00am
Iran has up to 6,000 enrichment centrifuges: Ahmadinejad

Iran has up to 6,000 enrichment centrifuges: Ahmadinejad

President Mahmoud Ahmadinejad said on Saturday that Iran has boosted the number of uranium-enriching centrifuges totrifuges work," Ahmadinejad was quoted as saying by state radio. Ahmadinejad said in April that Iran was working to install 6,000 more centr
Published 27 Jul, 2008 12:00am
Iran has up to 6,000 enrichment centrifuges: Ahmadinejad

Iran has up to 6,000 enrichment centrifuges: Ahmadinejad

President Mahmoud Ahmadinejad said on Saturday that Iran has boosted the number of uranium-enriching centrifuges totrifuges work," Ahmadinejad was quoted as saying by state radio. Ahmadinejad said in April that Iran was working to install 6,000 more centr
Published 27 Jul, 2008 12:00am
DP World eyes $239 million investment in Australian port

DP World eyes $239 million investment in Australian port

Dubai Ports World said on Saturday it signed a 40-year lease deal with the Port of Brisbane and is looking to invest 250 million Australian dollars ($239.5 million) in the port in response to market demand.
Published 27 Jul, 2008 12:00am
DP World eyes $239 million investment in Australian port

DP World eyes $239 million investment in Australian port

Dubai Ports World said on Saturday it signed a 40-year lease deal with the Port of Brisbane and is looking to invest 250 million Australian dollars ($239.5 million) in the port in response to market demand.
Published 27 Jul, 2008 12:00am
DP World eyes $239 million investment in Australian port

DP World eyes $239 million investment in Australian port

Dubai Ports World said on Saturday it signed a 40-year lease deal with the Port of Brisbane and is looking to invest 250 million Australian dollars ($239.5 million) in the port in response to market demand.
Published 27 Jul, 2008 12:00am
Siemens unit head sees slower growth

Siemens unit head sees slower growth

Siemens' head of industry division expects growth to slow in the next fiscal year and said the company would increase capacity with caution in the coming year, according to a media report. In the second quarter ending in June, new orders in the industry d
Published 27 Jul, 2008 12:00am
Siemens unit head sees slower growth

Siemens unit head sees slower growth

Siemens' head of industry division expects growth to slow in the next fiscal year and said the company would increase capacity with caution in the coming year, according to a media report. In the second quarter ending in June, new orders in the industry d
Published 27 Jul, 2008 12:00am
Iran's rates to stay at 12 percent despite IMF hike call

Iran's rates to stay at 12 percent despite IMF hike call

Iran's bank interest rates will remain at 12 percent during the 2008-09 year, media reported on Saturday, despite a call by the International Monetary Fund on Tehran to tighten monetary policy to fight rising inflation.
Published 27 Jul, 2008 12:00am
Turkish Prime Minister calls for unity ahead of AK Party case

Turkish Prime Minister calls for unity ahead of AK Party case

Prime Minister Tayyip Erdogan called for unity in Turkey, two days before a top court deliberates on a case to close his party, the Hurriyet newspaper reported on Saturday. Erdogan acknowledged in an interview for the first time that his ruling AK Party h
Published 27 Jul, 2008 12:00am
World Bank gives $1.2 billion to Congo

World Bank gives $1.2 billion to Congo

The World Bank is to give the Democratic Republic of Congo 1.2 billion dollars (765 million euros) in development aid, its managing director Ngozi Okonjo-Iweala said Friday.
Published 27 Jul, 2008 12:00am
Services trade deficit hits new peak of $6 billion

Services trade deficit hits new peak of $6 billion

The country''s services trade deficit has widened by 50 percent to hit a new peak of six billion dollars in FY08 due to decline in exports and high import payments of transportation, construction, financial, computers services and royalties.
Published 27 Jul, 2008 12:00am
Services trade deficit hits new peak of $6 billion

Services trade deficit hits new peak of $6 billion

The country's services trade deficit has widened by 50 percent to hit a new peak of six billion dollars in FY08 due to decline in exports and high import payments of transportation, construction, financial, computers services and royalties.
Published 27 Jul, 2008 12:00am
Services trade deficit hits new peak of $6 billion

Services trade deficit hits new peak of $6 billion

The country's services trade deficit has widened by 50 percent to hit a new peak of six billion dollars in FY08 due to decline in exports and high import payments of transportation, construction, financial, computers services and royalties.
Published 27 Jul, 2008 12:00am
CCP asked to check cartels on all commodities

CCP asked to check cartels on all commodities

Federal government has directed the Competition Commission of Pakistan (CCP) to aggressively pursue against the cartelisation in different sectors of economy and devise a mechanism to check the cartels on all commodities. This decision was taken in a meet
Published 27 Jul, 2008 12:00am
CCP asked to check cartels on all commodities

CCP asked to check cartels on all commodities

Federal government has directed the Competition Commission of Pakistan (CCP) to aggressively pursue against the cartelisation in different sectors of economy and devise a mechanism to check the cartels on all commodities. This decision was taken in a meet
Published 27 Jul, 2008 12:00am
CCP asked to check cartels on all commodities

CCP asked to check cartels on all commodities

Federal government has directed the Competition Commission of Pakistan (CCP) to aggressively pursue against the cartelisation in different sectors of economy and devise a mechanism to check the cartels on all commodities. This decision was taken in a meet
Published 27 Jul, 2008 12:00am
EU states split over proposed world trade plan

EU states split over proposed world trade plan

European Union states were divided on Saturday over proposals to unblock a global trade deal, posing a test for EU trade chief Peter Mandelson as he tries to sell a deal to the bloc. A day after deadlock at World Trade Organisation (WTO) talks finally bro
Published 27 Jul, 2008 12:00am
Iran says oil could reach $500 on dollar, politics

Iran says oil could reach $500 on dollar, politics

Iran''s Opec governor said world oil prices could reach as high as $500 per barrel in a few years'' time if the US dollar falls further and political tension worsens, an Iranian weekly said. "If the dollar''s value continues to decrease and if the politic
Published 27 Jul, 2008 12:00am
Iran says oil could reach $500 on dollar, politics

Iran says oil could reach $500 on dollar, politics

Iran's Opec governor said world oil prices could reach as high as $500 per barrel in a few years' time if the US dollar falls further and political tension worsens, an Iranian weekly said. "If the dollar's value continues to decrease and if the political
Published 27 Jul, 2008 12:00am
Iran says oil could reach $500 on dollar, politics

Iran says oil could reach $500 on dollar, politics

Iran's Opec governor said world oil prices could reach as high as $500 per barrel in a few years' time if the US dollar falls further and political tension worsens, an Iranian weekly said. "If the dollar's value continues to decrease and if the political
Published 27 Jul, 2008 12:00am
US Congress approves housing bill

US Congress approves housing bill

The US Congress approved a massive housing market rescue bill on Saturday, offering emergency financing to Fannie Mae and Freddie Mac, creating a new regulator for the mortgage titans and setting up a $300-billion fund to help troubled homeowners. The bil
Published 27 Jul, 2008 12:00am
US Congress approves housing bill

US Congress approves housing bill

The US Congress approved a massive housing market rescue bill on Saturday, offering emergency financing to Fannie Mae and Freddie Mac, creating a new regulator for the mortgage titans and setting up a $300-billion fund to help troubled homeowners. The bil
Published 27 Jul, 2008 12:00am
US Congress approves housing bill

US Congress approves housing bill

The US Congress approved a massive housing market rescue bill on Saturday, offering emergency financing to Fannie Mae and Freddie Mac, creating a new regulator for the mortgage titans and setting up a $300-billion fund to help troubled homeowners. The bil
Published 27 Jul, 2008 12:00am
Monetary policy on Tuesday

Monetary policy on Tuesday

Pakistan''s monetary policy is likely to be tightened further when it is unveiled on July 29 as analysts said it would help rein in soaring inflation which is at a 30-year high. The State Bank is due to announce its monetary policy on July 29, sources tol
Published 27 Jul, 2008 12:00am
Monetary policy on Tuesday

Monetary policy on Tuesday

Pakistan's monetary policy is likely to be tightened further when it is unveiled on July 29 as analysts said it would help rein in soaring inflation which is at a 30-year high. The State Bank is due to announce its monetary policy on July 29, sources told
Published 27 Jul, 2008 12:00am
Monetary policy on Tuesday

Monetary policy on Tuesday

Pakistan's monetary policy is likely to be tightened further when it is unveiled on July 29 as analysts said it would help rein in soaring inflation which is at a 30-year high. The State Bank is due to announce its monetary policy on July 29, sources told
Published 27 Jul, 2008 12:00am
Country falls short of wheat output target

Country falls short of wheat output target

The country is short of 2.4 million tons of wheat production target of 24 million tons fixed for 2007-08, and the country has barely achieved 21.6 million tons production, according to the third and final estimate for 2007-08 wheat production, sources tol
Published 27 Jul, 2008 12:00am
Country falls short of wheat output target

Country falls short of wheat output target

The country is short of 2.4 million tons of wheat production target of 24 million tons fixed for 2007-08, and the country has barely achieved 21.6 million tons production, according to the third and final estimate for 2007-08 wheat production, sources tol
Published 27 Jul, 2008 12:00am
Country falls short of wheat output target

Country falls short of wheat output target

The country is short of 2.4 million tons of wheat production target of 24 million tons fixed for 2007-08, and the country has barely achieved 21.6 million tons production, according to the third and final estimate for 2007-08 wheat production, sources tol
Published 27 Jul, 2008 12:00am
The Weather

The Weather

The weather report on Saturday (July 26, 2008) and the forecast for Sunday (July 27, 2008).

Published 27 Jul, 2008 12:00am
Your rupee last year

Your rupee last year

Following currency fluctuations took place in foreign exchange rates during the last year. (July 3 2007 to June 30, 2008).

Published 27 Jul, 2008 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (July 26, 2008).

Published 27 Jul, 2008 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Saturday (July 26, 2008) and for Sunday (July 27, 2008).
Published 27 Jul, 2008 12:00am
Foreign investors withdraw another $29.593 million

Foreign investors withdraw another $29.593 million

Foreign investors continued their cautious stance due to prevailing political and economic situation in the country and withdrew another $29.593 million from the Pakistan''s equity market during the outgoing week ended July 25, 2008.
Published 27 Jul, 2008 12:00am
Foreign investors withdraw another $29.593 million

Foreign investors withdraw another $29.593 million

Foreign investors continued their cautious stance due to prevailing political and economic situation in the country and withdrew another $29.593 million from the Pakistan's equity market during the outgoing week ended July 25, 2008.
Published 27 Jul, 2008 12:00am
Foreign investors withdraw another $29.593 million

Foreign investors withdraw another $29.593 million

Foreign investors continued their cautious stance due to prevailing political and economic situation in the country and withdrew another $29.593 million from the Pakistan's equity market during the outgoing week ended July 25, 2008.
Published 27 Jul, 2008 12:00am
Pakistan and India trade fire across LoC

Pakistan and India trade fire across LoC

Pakistani and Indian soldiers traded fire across the de-facto border dividing the disputed region of Kashmir on Saturday, said Military spokesman Major General Athar Abbas, the second such clash in area this month. He said the Indian army fired machinegun
Published 27 Jul, 2008 12:00am
Pakistan and India trade fire across LoC

Pakistan and India trade fire across LoC

Pakistani and Indian soldiers traded fire across the de-facto border dividing the disputed region of Kashmir on Saturday, said Military spokesman Major General Athar Abbas, the second such clash in area this month. He said the Indian army fired machinegun
Published 27 Jul, 2008 12:00am
20 miscreants, three FC men killed in Dera Bugti clash

20 miscreants, three FC men killed in Dera Bugti clash

20 militants and three security personnel were killed in clashes between security forces and miscreants at Dera Bugti in Balochistan, Aaj TV reported late on Saturday night. According to the channel, FC personnel deputed to safeguard gas pipeline i
Published 27 Jul, 2008 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (July 26, 2008).

Published 27 Jul, 2008 12:00am
Sri Lanka fighting kills 74

Sri Lanka fighting kills 74

Sri Lankan troops continued their offensive against Tamil Tiger rebels in two days of fighting in the north that killed 66 Tigers and eight soldiers, the military said on Saturday.
Published 27 Jul, 2008 12:00am
Iftikhar accorded warm welcome in Bahawalpur

Iftikhar accorded warm welcome in Bahawalpur

The caravan of the Deposed Chief Justice of Pakistan Iftikhar Muhammad Chaudhry arrived in Bahawalpur on late Saturday night, Aaj TV reported. According to the channel, the caravan of the deposed chief justice of Pakistan was warmly welcomed by the
Published 27 Jul, 2008 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (July 26, 2008).

Published 27 Jul, 2008 12:00am
Sugar export banned

Sugar export banned

Syed Naveed Qamar Federal Minster for Finance, Privatisation & Investment has directed the Ministry of Commerce to immediately ban export of sugar and notify removal of import duty on sugar import by private sector in consideration of increased domestic c
Published 27 Jul, 2008 12:00am
Sugar export banned

Sugar export banned

Syed Naveed Qamar Federal Minster for Finance, Privatisation & Investment has directed the Ministry of Commerce to immediately ban export of sugar and notify removal of import duty on sugar import by private sector in consideration of increased domestic c
Published 27 Jul, 2008 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (July 26, 2008).

Published 27 Jul, 2008 12:00am
Sugar export banned

Sugar export banned

Syed Naveed Qamar Federal Minster for Finance, Privatisation & Investment has directed the Ministry of Commerce to immediately ban export of sugar and notify removal of import duty on sugar import by private sector in consideration of increased domestic c
Published 27 Jul, 2008 12:00am
Gilani may meet Singh in Colombo

Gilani may meet Singh in Colombo

Prime Minister Syed Yousuf Raza Gilani has said that there is a possibility to meet Indian Prime Minister Manmohan Singh during upcoming Saarc summit in Colombo. Addressing a press conference on his arrival for one-day stay at London on Saturday, he said
Published 27 Jul, 2008 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Saturday (July 26, 2008).

Published 27 Jul, 2008 12:00am
Gilani may meet Singh in Colombo

Gilani may meet Singh in Colombo

Prime Minister Syed Yousuf Raza Gilani has said that there is a possibility to meet Indian Prime Minister Manmohan Singh during upcoming Saarc summit in Colombo. Addressing a press conference on his arrival for one-day stay at London on Saturday, he said
Published 27 Jul, 2008 12:00am
President for strong Pak-US relations

President for strong Pak-US relations

President Pervez Musharraf on Saturday underlined the importance of a strong relationship between the two countries. He was talking to a leading US foreign policy analyst Dr Harlan Ullman who called on him, a Foreign Ministry statement said. He reiterated
Published 27 Jul, 2008 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Saturday (July 26, 2008).

Published 27 Jul, 2008 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Saturday (July 26, 2008).

Published 27 Jul, 2008 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Saturday (July 26, 2008).

Published 27 Jul, 2008 12:00am
UK and US troops would not be welcomed in Pakistan: Qureshi

UK and US troops would not be welcomed in Pakistan: Qureshi

British and American troops would "not be welcome in Pakistan", visiting Foreign Minister Shah Mahmood Qureshi told Sky News on Saturday. Qureshi told Alistair Bunkall that allied troops were not required to help secure the border between Pakistan and Afg
Published 27 Jul, 2008 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Saturday (July 26, 2008).

Published 27 Jul, 2008 12:00am
29 killed, 88 injured in India blasts

29 killed, 88 injured in India blasts

At least 16 small bombs exploded in the Indian city of Ahmedabad on Saturday, killing at least 29 people and wounding 88, a day after another set of blasts in the country's IT hub, officials said. On Friday, eight bombs exploded in quick succession in the
Published 27 Jul, 2008 12:00am
29 killed, 88 injured in India blasts

29 killed, 88 injured in India blasts

At least 16 small bombs exploded in the Indian city of Ahmedabad on Saturday, killing at least 29 people and wounding 88, a day after another set of blasts in the country's IT hub, officials said. On Friday, eight bombs exploded in quick succession in the
Published 27 Jul, 2008 12:00am
THE RUPEE: divergent trends on currency market

THE RUPEE: divergent trends on currency market

Sharp fall was seen on the interbank market at the weekend as the rupee fell by 28 paisa against dollar for buying at 71.18 and it also shed 27 paisa for selling at 71.22 due to importers rush for the greenback, dealers said. Strong demand for dollars by
Published 27 Jul, 2008 12:00am
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