AGL 38.50 Increased By ▲ 0.35 (0.92%)
AIRLINK 128.50 Increased By ▲ 3.43 (2.74%)
BOP 7.07 Increased By ▲ 0.22 (3.21%)
CNERGY 4.55 Increased By ▲ 0.10 (2.25%)
DCL 8.25 Increased By ▲ 0.34 (4.3%)
DFML 38.35 Increased By ▲ 1.01 (2.7%)
DGKC 79.75 Increased By ▲ 1.98 (2.55%)
FCCL 32.11 Increased By ▲ 1.53 (5%)
FFBL 72.90 Increased By ▲ 4.04 (5.87%)
FFL 12.17 Increased By ▲ 0.31 (2.61%)
HUBC 109.00 Increased By ▲ 4.50 (4.31%)
HUMNL 13.81 Increased By ▲ 0.32 (2.37%)
KEL 4.89 Increased By ▲ 0.24 (5.16%)
KOSM 7.46 Increased By ▲ 0.29 (4.04%)
MLCF 37.30 Increased By ▲ 0.86 (2.36%)
NBP 69.75 Increased By ▲ 3.83 (5.81%)
OGDC 187.40 Increased By ▲ 7.87 (4.38%)
PAEL 25.01 Increased By ▲ 0.58 (2.37%)
PIBTL 7.31 Increased By ▲ 0.16 (2.24%)
PPL 150.15 Increased By ▲ 6.45 (4.49%)
PRL 24.93 Increased By ▲ 0.61 (2.51%)
PTC 17.03 Increased By ▲ 0.63 (3.84%)
SEARL 80.60 Increased By ▲ 2.03 (2.58%)
TELE 7.55 Increased By ▲ 0.33 (4.57%)
TOMCL 32.89 Increased By ▲ 0.92 (2.88%)
TPLP 8.48 Increased By ▲ 0.35 (4.31%)
TREET 16.50 Increased By ▲ 0.37 (2.29%)
TRG 56.21 Increased By ▲ 1.55 (2.84%)
UNITY 28.00 Increased By ▲ 0.50 (1.82%)
WTL 1.33 Increased By ▲ 0.04 (3.1%)
BR100 10,438 Increased By 348.7 (3.46%)
BR30 30,743 Increased By 1233.8 (4.18%)
KSE100 97,276 Increased By 2701.7 (2.86%)
KSE30 30,339 Increased By 894.7 (3.04%)
Nov 27, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2008-08-10
Abu Dhabi fund eyes stake in Daimler

Abu Dhabi fund eyes stake in Daimler

Abu Dhabi Investment Authority (ADIA), the world's largest sovereign wealth fund which has bought into Citigroup, is interested in buying a large stake in Daimler, the German Focus magazine reported.
Published 10 Aug, 2008 12:00am
Abu Dhabi fund eyes stake in Daimler

Abu Dhabi fund eyes stake in Daimler

Abu Dhabi Investment Authority (ADIA), the world's largest sovereign wealth fund which has bought into Citigroup, is interested in buying a large stake in Daimler, the German Focus magazine reported.
Published 10 Aug, 2008 12:00am
Former National Century chief executive gets 10 years

Former National Century chief executive gets 10 years

The former chief executive of National Century Financial Enterprises, who was convicted in March of witness tampering and conspiracy, was sentenced on Friday to 10 years in federal prison.
Published 10 Aug, 2008 12:00am
Pentagon defends progress on F-35 STOVL version

Pentagon defends progress on F-35 STOVL version

The Pentagon is defending progress on the Marine Corps version of the Lockheed Martin Corp F-35 fighter jet despite some $90 million in spending needed to fix a problem with its F135 engine built by Pratt & Whitney, a unit of United Technologies Corp.
Published 10 Aug, 2008 12:00am
Brazil cotton farmers seek reparations against US

Brazil cotton farmers seek reparations against US

Brazilian cotton farmers want compensation after the World Trade Organisation (WTO) in June cleared the way for Brazil to seek up to $4 billion in trade sanctions on US imports, the head of the cotton growers association said. The WTO judged that the Unit
Published 10 Aug, 2008 12:00am
Iran begins sale of state telecoms stake

Iran begins sale of state telecoms stake

Iran started the sale of a five percent stake in its state-owned telecommunications company on Tehran's Stock Exchange on Saturday, as part of a wider plan to breathe life into its economy. Iran is selling 2.293 billion shares of its Telecommunication Com
Published 10 Aug, 2008 12:00am
Britain's FSA warns of possible economic downturn

Britain's FSA warns of possible economic downturn

Britain's Financial Services Authority has warned the financial services industry to brace itself for the possibility of a downturn similar to the 1990s recession, chief executive Hector Sants said on Saturday. "We believe there is a possibility of a real
Published 10 Aug, 2008 12:00am
General Motors to export hybrid SUV to Europe, China, Middle East

General Motors to export hybrid SUV to Europe, China, Middle East

General Motors Corp said Friday it plans to export its newest hybrid, a version of the Cadillac Escalade sport utility vehicle, to Europe, China and the Middle East. The hybrid powertrain boosts the Escalade's fuel economy by 50 percent in city driving an
Published 10 Aug, 2008 12:00am
Bangladesh textile workers to get 20 percent wage rise

Bangladesh textile workers to get 20 percent wage rise

Workers in Bangladesh's export-oriented knitwear manufacturing factories will get a pay rise of about 20 percent from next month due to increases in the cost of essentials, a business leader said on Saturday.
Published 10 Aug, 2008 12:00am
Georgia violence hurts Russian emerging markets

Georgia violence hurts Russian emerging markets

The surge of violence in Georgia caused Russian shares to plummet on Friday and helped send emerging stock markets to their lowest level in almost a year as investors suddenly saw all emerging markets as riskier.
Published 10 Aug, 2008 12:00am
Georgia violence hurts Russian emerging markets

Georgia violence hurts Russian emerging markets

The surge of violence in Georgia caused Russian shares to plummet on Friday and helped send emerging stock markets to their lowest level in almost a year as investors suddenly saw all emerging markets as riskier.
Published 10 Aug, 2008 12:00am
'Thai double-digit inflation fears easing'

'Thai double-digit inflation fears easing'

Fears of double-digit inflation in Thailand are easing due to falling oil prices, Bank of Thailand governor Tarisa Watanagase said on Saturday, suggesting a reduction in the need for more interest rate increases.
Published 10 Aug, 2008 12:00am
Senegal sacks minister for $250 million overspend

Senegal sacks minister for $250 million overspend

Senegalese President Abdoulaye Wade has sacked Budget Minister Ibrahima Sarr for allowing government departments to overspend by 109 billion CFA francs ($252 million), a Finance Ministry official said late on Friday.
Published 10 Aug, 2008 12:00am
US economic growth lower, Fed can't raise rates: ECRI

US economic growth lower, Fed can't raise rates: ECRI

A gauge of future US economic growth fell to its lowest level in five years and its annualised growth rate also declined, a sign that growth should still be a bigger concern than inflation for policy-makers, a research group said on Friday.
Published 10 Aug, 2008 12:00am
Kuwait sees Iraq budget surplus, wants debt repaid

Kuwait sees Iraq budget surplus, wants debt repaid

Kuwait said on Saturday that fellow oil exporter Iraq is likely to report a budget surplus this year and should repay its debts. "Iraq's debt to Kuwait is an old debt ... It has to be paid or Iraq has to pay its interest. These are the rights of the Kuwai
Published 10 Aug, 2008 12:00am
Canadian bond prices rise

Canadian bond prices rise

The Canadian bond prices rallied on Friday as the weak jobs data raised the odds the Bank of Canada will deliver at least one interest rate cut before the end of the year.
Published 10 Aug, 2008 12:00am
Canadian bond prices rise

Canadian bond prices rise

The Canadian bond prices rallied on Friday as the weak jobs data raised the odds the Bank of Canada will deliver at least one interest rate cut before the end of the year.
Published 10 Aug, 2008 12:00am
Chile stocks close lower

Chile stocks close lower

Chilean stocks closed lower on Friday as a slide in raw materials issues offset gains in transport and beverage stocks. The all-market IGPA index fell 0.50 percent to 14,127.87, while the blue chip IPSA slipped 0.65 percent to 2,964.36 points.
Published 10 Aug, 2008 12:00am
Mexican stocks finish with slight gains

Mexican stocks finish with slight gains

The Mexican IPC stock index closed 0.54 percent higher on Friday in low-volume trading at 27,132.79 points. In the equities market, traders said falling oil prices eased fears that high fuel costs would further undermine the economy in the United States,
Published 10 Aug, 2008 12:00am
US corporate bonds steady to wider

US corporate bonds steady to wider

US corporate bond spreads were steady to slightly wider on Friday as Fannie Mae, the largest US home funding source, on Friday posted its fourth straight quarterly loss, sapping some demand for company debt.
Published 10 Aug, 2008 12:00am
US corporate bonds steady to wider

US corporate bonds steady to wider

US corporate bond spreads were steady to slightly wider on Friday as Fannie Mae, the largest US home funding source, on Friday posted its fourth straight quarterly loss, sapping some demand for company debt.
Published 10 Aug, 2008 12:00am
US bonds decline

US bonds decline

US Treasury debt prices eased on Friday as a rebound in stocks gave investors an excuse to take profits on the prior session's mammoth gains. A sharp retreat in crude oil prices to around $116 a barrel underpinned the recovery in equities, and was also of
Published 10 Aug, 2008 12:00am
US bonds decline

US bonds decline

US Treasury debt prices eased on Friday as a rebound in stocks gave investors an excuse to take profits on the prior session's mammoth gains. A sharp retreat in crude oil prices to around $116 a barrel underpinned the recovery in equities, and was also of
Published 10 Aug, 2008 12:00am
JGB futures hit four-month high

JGB futures hit four-month high

Japanese government bond futures jumped to a four-month high on Friday after a sharp rally in US Treasuries and on concerns about the outlook for the domestic and overseas economies. JGBs rallied broadly with yields on two-year, 10-year, 20-year and 30-ye
Published 10 Aug, 2008 12:00am
JGB futures hit four-month high

JGB futures hit four-month high

Japanese government bond futures jumped to a four-month high on Friday after a sharp rally in US Treasuries and on concerns about the outlook for the domestic and overseas economies. JGBs rallied broadly with yields on two-year, 10-year, 20-year and 30-ye
Published 10 Aug, 2008 12:00am
Tech IPOs out of favour, may stay so for some time

Tech IPOs out of favour, may stay so for some time

Tech companies once dominated the US IPO calendar - but not anymore. During the dot-com craze nearly a decade ago, practically every other IPO was by a tech company. Last year saw a revival, with 37 information technology companies raising $7.6 billion -
Published 10 Aug, 2008 12:00am
Argentine stocks slump

Argentine stocks slump

Argentine stocks slumped on Friday to their lowest level in more than 21 months, falling along with bonds for a second straight day as investors sold assets amid growing economic concerns. Falling commodities prices also took a toll, traders said.
Published 10 Aug, 2008 12:00am
Brazil stocks decline

Brazil stocks decline

Brazil's stock market fell on Friday as a slide in commodity prices weighed on oil company Petrobras and miner Vale, although shares of airlines TAM Linhas Aereas and Gol Linhas Aereas charged higher. Sao Paulo's main stock index, the Bovespa, fell 0.76 p
Published 10 Aug, 2008 12:00am
Toronto stocks held lower

Toronto stocks held lower

The Toronto Stock Exchange's main index ended lower on Friday, held down as resource issues fell alongside commodity prices, while worries over the economy were stoked by an unexpectedly large job loss last month.
Published 10 Aug, 2008 12:00am
American credit market outlook

American credit market outlook

Sprint Nextel Corp's plan to pay down debt would give the company much greater financial flexibility, but the cancellation of its planned convertible sale suggests any capital raising for debt reduction will not come at the expense of shareholders.
Published 10 Aug, 2008 12:00am
American credit market outlook

American credit market outlook

Sprint Nextel Corp's plan to pay down debt would give the company much greater financial flexibility, but the cancellation of its planned convertible sale suggests any capital raising for debt reduction will not come at the expense of shareholders.
Published 10 Aug, 2008 12:00am
US stocks end firmer

US stocks end firmer

US stocks soared on Friday rounding out their best week in more than three months, as oil plunged below $115 a barrel, easing inflation concerns and improving prospects for business and consumer spending The slide in oil prices to their lowest level in th
Published 10 Aug, 2008 12:00am
Forex outlook: dollar set to gain, decoupling view challenged

Forex outlook: dollar set to gain, decoupling view challenged

The dollar could rally further next week amid signs the sluggishness gripping the US economy is spreading to other regions and the commodity boom might have peaked, diminishing prospects of higher interest rates outside the United States.
Published 10 Aug, 2008 12:00am
Kenyan shilling weakens versus dollar

Kenyan shilling weakens versus dollar

Kenya's shilling slid against the dollar on Friday and traders said they expected a deeper fall on demand for the US currency for grain imports. The commercial banks posted the local unit at 67.25/35 against the greenback compared with Thursday's close of
Published 10 Aug, 2008 12:00am
Dollar powers ahead, breaks below 1.50 versus euro

Dollar powers ahead, breaks below 1.50 versus euro

The dollar rallied on Friday, posting its biggest one-day gain versus the euro in 7-1/2 years as the market repriced interest rate views amid signs the US slowdown was spilling over to the global economy. The greenback traded below $1.50 for the first tim
Published 10 Aug, 2008 12:00am
IMM speculators boost long dollar position

IMM speculators boost long dollar position

Currency speculators raised their bets on the US dollar, according to the latest weekly data from the Commodity Futures Trading Commission on Friday. The value of the US dollar's net long position rose to $7.89 billion in the week to August 5, from 1.73 b
Published 10 Aug, 2008 12:00am
South Korean won hits one-month low

South Korean won hits one-month low

The South Korean won fell more than 1 percent against the dollar on Friday, prompting the authorities to issue warnings and sell dollars to defend the currency just as inflation looks set to gain further. The won ended the local session at 1,027.8 per dol
Published 10 Aug, 2008 12:00am
Taiwan dollar at five-month low

Taiwan dollar at five-month low

The Taiwan dollar fell to a five-month closing low on Friday as foreign funds flowed out of the market due to a globally stronger US dollar, despite central bank intervention. The Taiwan dollar hit an intraday low of T$30.220 during early trade, its lowes
Published 10 Aug, 2008 12:00am
Canadian dollar closes at lowest level in a year

Canadian dollar closes at lowest level in a year

The Canadian dollar closed at its lowest level in nearly a year versus a rallying US dollar on Friday after data showed Canada shed more jobs in July than at any other time since the recession in 1991. The Canadian dollar closed at C$1.0674 to the US doll
Published 10 Aug, 2008 12:00am
Nadal feeling the pace after breakthrough

Nadal feeling the pace after breakthrough

Rafael Nadal on Saturday admitted he was not at his best for the Olympics after a sensational season which has earned him the number one ranking. The Spaniard has already played 72 matches this year, reaching nine finals and winning seven. He is set to re
Published 10 Aug, 2008 12:00am
Tennis chief plays down heat fears

Tennis chief plays down heat fears

World tennis chief Francesco Ricci Bitti on Saturday played down fears that Beijing's heat, humidity and notorious smog could put Olympic competitors at risk. International Tennis Federation president Ricci Bitti said contingency plans were in place in ca
Published 10 Aug, 2008 12:00am
Double cycling blow for Italians

Double cycling blow for Italians

Defending champion Paolo Bettini of Italy put a brave face on losing his Olympic road race crown to Spaniard Samuel Sanchez here on Saturday. But after the first big endurance test of the Games, the two-time world champion all but admitted the Italians ha
Published 10 Aug, 2008 12:00am
Canadian champion back after breaking both legs

Canadian champion back after breaking both legs

After returning from a horrific training injury that broke both his legs last year, Canadian Kyle Shewfelt could be forgiven for thinking that his very presence in Beijing is an achievement in itself. Instead the defending floor exercise champion was prom
Published 10 Aug, 2008 12:00am
Jankovic in doubt for Games

Jankovic in doubt for Games

Incoming world number one Jelena Jankovic on Saturday admitted she was in doubt for the Beijing Olympics after picking up a calf strain. Jankovic, who will reach the top ranking on Monday despite an injury-hit season, appeared at a press conference with h
Published 10 Aug, 2008 12:00am
Zagunis wins first US gold

Zagunis wins first US gold

Mariel Zagunis gave the United States its first gold medal of the Beijing Olympics here Saturday as she retained her women's sabre title with a 15-8 victory over her compatriot Sada Jacobson in the final. Athens champion Zagunis led an American clean-swee
Published 10 Aug, 2008 12:00am
America's Jensen shades rivals into 400m final

America's Jensen shades rivals into 400m final

American Larsen Jensen was fastest into Sunday's men's 400-metres freestyle final at the Beijing Olympics but less than a second separated the leading five medal contenders including Australian Grant Hackett. Jensen topped Saturday's qualifiers with a tim
Published 10 Aug, 2008 12:00am
Stegemann saves Germany with sole goal

Stegemann saves Germany with sole goal

Kirsten Stegemann produced a face-saving winning goal for world champions Germany as they struggled to beat underlings Nigeria 1-0 in a women's Olympic football match here Saturday. It was a vital victory for Germany, keeping their campaign alive after be
Published 10 Aug, 2008 12:00am
Beijing tennis takes a tumble

Beijing tennis takes a tumble

Tatiana Golovin followed fellow blonde pin-up Maria Sharapova into the Olympics casualty ward on Saturday while the Beijing event then braced itself for the potential withdrawal of world number one-elect Jelena Jankovic.
Published 10 Aug, 2008 12:00am
Karate championship today

Karate championship today

Lahore District Karate Association (LDKA) is holding Karate Championship here on Sunday in which teams from all the affiliated clubs are participating. Punjab Excise & Taxation Minister Mian Mujtaba Shuja ur Rehman will be the chief guest at the closing c
Published 10 Aug, 2008 12:00am
Amla steers South Africa close to level terms

Amla steers South Africa close to level terms

Hashim Amla completed his half century to steer South Africa close to level terms with England at lunch on the third day of the fourth test on Saturday. At the interval South Africa, who lost Neil McKenzie in a morning session shortened by rain, were 110
Published 10 Aug, 2008 12:00am
PFF imposes one-match ban on Kamran

PFF imposes one-match ban on Kamran

Khan Research Laboratories (KRL)'s defender Kamran Khan will face a one-match ban for his sending-off when Rawalpindi-based team drew 0-0 with Karachi Port Trust in the 29th encounter of Pakistan Premier Soccer League 2008. Islamabad-born Kamran played fo
Published 10 Aug, 2008 12:00am
Real turn down Chelsea's Robinho bid

Real turn down Chelsea's Robinho bid

Real Madrid have turned down a bid for their Brazilian striker Robinho from English Premier League side Chelsea, the Spanish press reported on Saturday. The Spanish champions sent a fax to Chelsea telling them that the Brazilian international was "not for
Published 10 Aug, 2008 12:00am
Ferguson expects United's fire to burn brighter than ever

Ferguson expects United's fire to burn brighter than ever

In the final moments before Sunday's Community Shield clash against Portsmouth, Manchester United manager Sir Alex Ferguson will look into his players' eyes and feel reassured that the club's future is in good hands. Just 10 weeks after the curtain finall
Published 10 Aug, 2008 12:00am
Practice match: Shoaib Akhtar impresses selectors with leather

Practice match: Shoaib Akhtar impresses selectors with leather

Fast bowler Shoaib Akhtar on Saturday took a giant stride in his bid to return to the Pakistan team when he impressed the national selectors in a practice game played here. The controversial paceman braved hot and humid conditions to bowl nine overs in th
Published 10 Aug, 2008 12:00am
Ton-up Sangakkara helps Sri Lanka gain lead

Ton-up Sangakkara helps Sri Lanka gain lead

Kumar Sangakkara cracked a solid 107 not out to help Sri Lanka gain a slender advantage over injury-hit India in the crucial third and final Test here on Saturday. The left-hander was involved in two valuable partnerships as the hosts reached 251-6 in the
Published 10 Aug, 2008 12:00am
Lawyers for Guantanamo inmate sue Canadian Prime Minister

Lawyers for Guantanamo inmate sue Canadian Prime Minister

Lawyers for a young Canadian man imprisoned at Guantanamo Bay filed a lawsuit on Friday against Prime Minister Stephen Harper in a bid to force him to intercede with Washington on the inmate's behalf. Harper has so far refused to ask the United States to
Published 10 Aug, 2008 12:00am
Nepal parties miss deadline to form government

Nepal parties miss deadline to form government

Nepal's former Maoist rebels and mainstream parties failed to meet a deadline to form a new government, leaving the Himalayan nation in political limbo, an official said Saturday. The Maoists, who won the most seats in April assembly elections, blamed Nep
Published 10 Aug, 2008 12:00am
23 killed in rains, floods in India

23 killed in rains, floods in India

At least 23 people have been killed in heavy rains and flash floods in the southern Indian state of Andhra Pradesh, news reports said Saturday.Nine people died after their houses collapsed during incessant rains in the state capital Hyderabad, while 14 we
Published 10 Aug, 2008 12:00am
300,000 couples wed on China's triple-eight Olympic date

300,000 couples wed on China's triple-eight Olympic date

More than 300,000 Chinese couples registered marriages Friday as the opening of the Olympics added to the auspicious triple eight in the 8.8.2008 date, state media said on Saturday.The Ministry of Civil Affairs recorded 314,224 marriages nationwide, the h
Published 10 Aug, 2008 12:00am
African Union suspends Mauritania

African Union suspends Mauritania

The African Union on Saturday suspended Mauritania from the bloc following this week's coup in the west African nation, while an emissary from the Arab League held talks with the coup's leader. "The AU will suspend Mauritania's membership until the countr
Published 10 Aug, 2008 12:00am
Former US presidential candidate Edwards admits affair

Former US presidential candidate Edwards admits affair

Former US Democratic presidential candidate John Edwards admitted on Friday that he had an extramarital affair in 2006 with a woman who produced videos for his campaign, but said he was not the father of her infant daughter.
Published 10 Aug, 2008 12:00am
Bangladeshi author Nasreen returns to India

Bangladeshi author Nasreen returns to India

Bangladeshi writer Taslima Nasreen, on the run from death threats, has returned to India to renew her visa, a rights activist said Saturday. "Taslima's six-month visa to stay in India will expire on August 17," Sujato Bhadra, a human rights activist close
Published 10 Aug, 2008 12:00am
Japan remembers Nagasaki atomic bomb victims

Japan remembers Nagasaki atomic bomb victims

Japan marked the 63rd anniversary of the atomic bombing of Nagasaki with a solemn ceremony on Saturday and a call for world powers to abandon their nuclear weapons. Thousands of children, elderly survivors and dignitaries in the city's Peace Park bowed th
Published 10 Aug, 2008 12:00am
Iran nuclear dispute hurts neighbours: Kuwait

Iran nuclear dispute hurts neighbours: Kuwait

US-allied Kuwait urged Iran on Saturday to resolve tensions with the West over its nuclear programme, saying the dispute undermined the interests of Gulf states with which it shares a vital oil export route. "This basin (the Gulf) we all share. Talk of cl
Published 10 Aug, 2008 12:00am
Sindh government to spend Rs nine billion on roads

Sindh government to spend Rs nine billion on roads

Sindh Minister for Works and Services (WS) Manzoor Hussain Wassan, expressing his anger over the laps of Rs 400 million development funds during 2007-08, vowed stern action against those responsible. The minister said this while presiding over a review me
Published 10 Aug, 2008 12:00am
Gold prices down

Gold prices down

Gold on Saturday continued to decline to Rs 23,900 per tola and Rs 20,485 per 10 grams following a decrease in its international price to $857.50 an ounce, traders said. It was previously available at Rs 23,950 per tola and Rs 20,528 per 10 grams respecti
Published 10 Aug, 2008 12:00am
'Patients being maltreated in hospitals'

'Patients being maltreated in hospitals'

Profession like medicine, which preferably demands humanity than wealth, is badly being misused by some social evil, several hospitals and maternity homes are reportedly playing with human lives across Sindh. This was stated by Dr Rahmeen Gohar Musavi, Co
Published 10 Aug, 2008 12:00am
Sindh PPP Parliamentary party meets

Sindh PPP Parliamentary party meets

The parliamentary party of Pakistan Peoples Party met here Saturday at Chief Minister House under the chairmanship of Senior Minister Pir Mazharul Huq and held a detail discussion on obtaining situation in the country and ongoing political developments.
Published 10 Aug, 2008 12:00am
Mustafa suggests setting up of journalists' welfare body

Mustafa suggests setting up of journalists' welfare body

City Nazim Syed Mustafa Kamal on Saturday suggested the establishment of an organisation that could work for the resolution of problems faced by journalists in Karachi. He made the suggestion at a meeting with a delegation of Karachi Union of Journalists
Published 10 Aug, 2008 12:00am
IHC single bench to start functioning from August 11

IHC single bench to start functioning from August 11

A single bench comprising Chief Justice of Islamabad High Court Justice Sardar Mohammad Aslam will function during the next week starting from August 11. The bench will regularly work during the summer vacations and would hear urgent matters besides, othe
Published 10 Aug, 2008 12:00am
Call to resolve Balochistan issue through dialogue

Call to resolve Balochistan issue through dialogue

Deputy Secretary General Jamiat Ulema-e-Islam (JUI-F) and former speaker Balochistan Assembly here on Saturday called for resolving the Balochistan issue through negotiations. Talking to newsmen, he appreciated government's decision to constitute a seven-
Published 10 Aug, 2008 12:00am
CPA assembly pays tribute to Benazir

CPA assembly pays tribute to Benazir

The concluding session of the 54th Commonwealth Parliamentary Association (CPA) General Assembly observed one minute silence to pay homage to the late Benazir Bhutto who sacrificed her life for upholding the cause of democracy, world peace and justice.
Published 10 Aug, 2008 12:00am
Pakistan best destination for Chinese investors: Gilani

Pakistan best destination for Chinese investors: Gilani

Prime Minister Syed Yousuf Raza Gilani held a series of meetings with key figures from the Chinese corporate sector here Saturday to give further impetus to economic partnership between the two countries, especially in telecom, agriculture, energy fields.
Published 10 Aug, 2008 12:00am
Returning to Somaliland to shape the future

Returning to Somaliland to shape the future

Almis Yahye Ibrahim remembers when he and his friends hit on the idea of building a university in one of the world's most neglected corners, the breakaway republic of Somaliland. It was the winter of 1997, and they were hanging out in Helsinki's cafes, ke
Published 10 Aug, 2008 12:00am
PPP Chairman praises Chinese people for grand inauguration

PPP Chairman praises Chinese people for grand inauguration

The Chairman of Pakistan People's Party, Bilawal Bhutto-Zardari, here on Saturday extended heartiest congratulations to the Chinese people and the government for successful holding of grand inauguration ceremony of Beijing Olympics.
Published 10 Aug, 2008 12:00am
Unlike Fidel, Raul Castro has his tomb ready in Cuba

Unlike Fidel, Raul Castro has his tomb ready in Cuba

Cubans may not know the ultimate resting place of Fidel Castro, but there is no mystery surrounding the future repose of his brother and successor as president, Raul Castro. The communist island's 77-year-old head of state has already prepared his tomb: a
Published 10 Aug, 2008 12:00am
Grain boom tempts investors to Russia's open lands

Grain boom tempts investors to Russia's open lands

When Murat Shamshinurov toasted this year's harvest with a glass of vodka, he did so with confidence. A fleet of new Dutch combine harvesters, better seeds and a mild winter promise a bumper crop at the farms he runs in Russia's fertile Black Earth region
Published 10 Aug, 2008 12:00am
Family welfare centres to be set up in Sindh

Family welfare centres to be set up in Sindh

Punjab Population Welfare Minister, Neelam Jabbar has said that more than 300 new family welfare centres will be set up in the province to provide basic maternal and child healthcare facilities to the majority of the masses at their doorsteps.
Published 10 Aug, 2008 12:00am
Investment tax, arrears schemes highlighted

Investment tax, arrears schemes highlighted

The Investment Tax and Tax Arrears Settlement Incentive Schemes are more attractive than the previous Tax Amnesty Schemes, says Masood Ali Jamshed, director-general, Regional Tax Office, Faisalabad, while addressing Faisalabad Tax Bar Association. Apprisi
Published 10 Aug, 2008 12:00am
Six of a family die in road mishap

Six of a family die in road mishap

Six members of a family of Multan died on the spot and another two injured seriously when their car collided head on with a parked truck at Kot Momin (Bhalwal) on Saturday. According to police, Robina Perveen her three sons Suleman Shah, Khawar Shah, Kash
Published 10 Aug, 2008 12:00am
Doctors term Yasin Malik's condition as critical

Doctors term Yasin Malik's condition as critical

In occupied Srinagar, doctors have termed the condition of Chairman of Jammu and Kashmir Liberation Front Muhammad Yasin Malik as life threatening, while he continued his fast-unto-death for the fifth consecutive day today. The JKLF Chairman went on the h
Published 10 Aug, 2008 12:00am
DCOs given magisterial powers to maintain law and order

DCOs given magisterial powers to maintain law and order

Punjab government has given the powers to District Coordination Officers(DCOs) of District Magistrates under Punjab Maintenance of Public Order amended Ordinance 2008 to maintain the law and order situation, under which DCOs will be able to detain any per
Published 10 Aug, 2008 12:00am
ADB to finance 13 Fesco projects

ADB to finance 13 Fesco projects

Faisalabad Electric Supply Company (Fesco) will complete 13 projects with the financial assistance of Asian Development Bank and Rs 1,100 million has been earmarked for electricity transmission lines and upgrading the grid stations to overcome the load sh
Published 10 Aug, 2008 12:00am
Population Ministry to set up day care centre soon

Population Ministry to set up day care centre soon

Ministry of Population Welfare will set up a day care centre in its building called "Population House" to facilitate female employees who had been demanding for the facility for a long time. The spokesperson of the ministry told newsmen on Saturday that t
Published 10 Aug, 2008 12:00am
Patwaris strike yielding negative impact

Patwaris strike yielding negative impact

Two-week long strike of Patwaries in Punjab is yielding negative impact over the collection of Agriculture Tax and other Revenues, while hundred prisoners are unable to be released from Jail in spite of acceptance of their bails from the concerned courts
Published 10 Aug, 2008 12:00am
'Fata MNAs in favour of impeachment'

'Fata MNAs in favour of impeachment'

The members of National Assembly from Federally Administered Tribal Areas (Fata) are in favour of impeachment move as they perceive it a step to strengthen democratic institutions of the country. Member of the National Assembly from Frontier Regions of Ta
Published 10 Aug, 2008 12:00am
Immature impeachment move 'may harm democratic course': Pirzada

Immature impeachment move 'may harm democratic course': Pirzada

Chief Whip of Pakistan Muslim League-Quaid (PML-Q), Mian Riaz Hussain Pirzada, on Saturday described the impeachment bid by the coalition partners an "immature and untimely" move. Talking to APP, the PML-Q leader said as the country was going through a "t
Published 10 Aug, 2008 12:00am
Coalition has more than 295 votes needed for impeachment: Hashmi

Coalition has more than 295 votes needed for impeachment: Hashmi

Two-thirds majority (295 votes) is required for impeachment of President Pervez Musharraf. The two main coalition partners, Pakistan People's Party (PPP) and Pakistan Muslim League-Nawaz (PML-N) "have more than the required numbers," said PML-N central se
Published 10 Aug, 2008 12:00am
Workshop on e-filing of returns

Workshop on e-filing of returns

The Federal Board of Revenue (FBR) will hold a one-day workshop on August 11 at Karachi Chamber of Commerce and Industry with an aim to educate the taxpayers and consultants about the process of e-filing of returns. Earlier, the workshop was scheduled to
Published 10 Aug, 2008 12:00am
'Strengthening parliament essential to resolve problems'

'Strengthening parliament essential to resolve problems'

MNA, Pakistan Peoples Party (PPP), Farzana Raja, said that coalition parties' decision to strengthen the parliament would help resolve the miseries and problems of the masses. Talking to private TV channel, she said that the issue of restoration of judges
Published 10 Aug, 2008 12:00am
FCCI sends relief goods to Rajanpur

FCCI sends relief goods to Rajanpur

District government in collaboration with Faisalabad Chamber of Commerce and Industry (FCCI) has despatched four trucks of relief goods to Rajanpur for flood victims. Executive District Officer (EDO) (Revenue), Malik Aslam, disclosed this here on Saturday
Published 10 Aug, 2008 12:00am
Floodwater enters another Rajanpur village

Floodwater enters another Rajanpur village

In Rodkohi, a suburb of district Rajanpur, the flood level has increased a lot due to severe continuous stormy rains. The floodwater has caused destruction by entering the village. Dozens of houses have been completely destroyed. Food and medicines are al
Published 10 Aug, 2008 12:00am
Double standards

Double standards

It is surprising to note that DG CAA has objected to the attendance of MD PIA on its Board totally disregarding that it is PIA due to which it is thriving (or surviving)! Also both are government owned entities and there is absolutely no harm in MD PIA at
Published 10 Aug, 2008 12:00am
Whither good governance?

Whither good governance?

Good governance, to tell the bitter truth rather very painfully and regretfully, has whithered away in the thin air even before it became visible in any form and its fruit started reaching the common man in the street. Country's fourth military dictator h
Published 10 Aug, 2008 12:00am
Bruised South Korean government takes on 'infodemics'

Bruised South Korean government takes on 'infodemics'

South Korea's unpopular young government is having second thoughts about the benefits of running the world's most wired society. The mass access to the Internet, which helped ex-CEO Lee Myung-bak to his resounding presidential election victory, went on to
Published 10 Aug, 2008 12:00am
Syrians see an economic side to peace

Syrians see an economic side to peace

Like most Syrians, Samer Zayat has no love for Israel. He was a little uneasy when Syria announced in late May that it was holding indirect talks on a peace settlement with its old nemesis. Yet. Zayat, a 35-year-old television cinematographer, says he vie
Published 10 Aug, 2008 12:00am
Grey areas for taxation

Grey areas for taxation

At present economic indicators are worsening to the extent, which the country had never seen in the past. The government is placing reliance on the loans from World Bank, Asian development Bank, Islamic Development Bank and international finance markets t
Published 10 Aug, 2008 12:00am
The coup in Mauritania

The coup in Mauritania

As the ruling coalition in Pakistan braced for impeachment of President Pervez Musharraf, ex-Chief of Army Staff who assumed power after toppling the elected government of the then Prime Minister, Mian Nawaz Sharif, way back in 1999, troops staged a coup
Published 10 Aug, 2008 12:00am
Tapping alternative energy sources

Tapping alternative energy sources

The Sindh Coastal Development Authority (SCDA) has started studying ways to harness alternative sources of energy such as solar power, windmills, waterfalls, etc that can be tapped to offset the spiralling power deficit in the province, particularly in it
Published 10 Aug, 2008 12:00am
Previous Day