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Print - 2008-08-23
Nadal launches new reign at US Open

Nadal launches new reign at US Open

Rafael Nadal plays his first grand slam as world number one at next week's US Open with a chance to underline a magnificent season that has seen the muscular Spaniard vault past a suddenly human Roger Federer. Nadal ended a record 237 consecutive weeks at
Published 23 Aug, 2008 12:00am
Bulgarian referees' head suspended in match-fixing probe

Bulgarian referees' head suspended in match-fixing probe

Bulgarian Football Union referees' commission chairman Borislav Alexandrov has been temporarily suspended after allegations of match-fixing, the BFU said on Friday. "I decided temporarily to "freeze" Alexandrov and I expect (referee Hristo) Ristoskov to p
Published 23 Aug, 2008 12:00am
Harmison replaces Sidebottom in one-day squad

Harmison replaces Sidebottom in one-day squad

Fast bowler Steve Harmison has come out of retirement from one-day internationals to replace the injured Ryan Sidebottom in the England squad to face South Africa, selectors said on Thursday. Harmison, 29, was called up in time for Friday's opening day/ni
Published 23 Aug, 2008 12:00am
English club players dominate UEFA award nominations

English club players dominate UEFA award nominations

England-based players have grabbed all but three of the places on a 20-strong list of nominations for the UEFA club footballer of the year award. Schalke 04 goalkeeper Manuel Neuer and Barcelona team mates Carles Puyol and Lionel Messi are the only player
Published 23 Aug, 2008 12:00am
Pakistan still hopes to stage Champions Trophy

Pakistan still hopes to stage Champions Trophy

Pakistan still hopes to stage next month's Champions Trophy despite South Africa's decision to withdraw from the eight-nation tournament, Pakistan Cricket Board chief operating officer Shafqat Naghmi said on Friday.
Published 23 Aug, 2008 12:00am
South Africa pull out of Champions Trophy

South Africa pull out of Champions Trophy

South Africa withdrew on Friday from the Champions Trophy in Pakistan next month because of safety and security concerns. A Cricket South Africa (CSA) statement said the decision followed a presentation from an International Cricket Council task force hea
Published 23 Aug, 2008 12:00am
Robinho determined to join Chelsea

Robinho determined to join Chelsea

Brazil forward Robinho said on Friday he was determined to leave Real Madrid and sign for Chelsea before the transfer deadline expires next weekend. "I've told the president, the directors and the coach that my aim is to leave Real Madrid," the 24-year-ol
Published 23 Aug, 2008 12:00am
Nasim Ashraf says he made sincere efforts to strengthen base of cricket

Nasim Ashraf says he made sincere efforts to strengthen base of cricket

Outgoing Chairman of Pakistan Cricket Board (PCB) Dr Nasim Ashraf said on Friday that he made sincere efforts to strengthen the base of the game of cricket in the country. He said this at a farewell meeting with the members of Board of Governors and offic
Published 23 Aug, 2008 12:00am
US conventions bring river of cash to host cities

US conventions bring river of cash to host cities

Along with TV cameras and funny hats, the 45,000 Democratic and Republican convention-goers will bring something more important to Denver and Minneapolis-St. Paul: their credit cards. Each US political convention is expected to generate $150 million to $2
Published 23 Aug, 2008 12:00am
Death toll in China coal mine blast rises to 26

Death toll in China coal mine blast rises to 26

The death toll from a gas explosion at a coal mine in north-east China rose to 26 on Friday, state media reported. The blast in the Baijiagou Coal Mine in Liaoning Province occurred Monday morning as 81 miners were working underground, Xinhua news agency
Published 23 Aug, 2008 12:00am
World Bank to assess damage to Georgia from war

World Bank to assess damage to Georgia from war

The World Bank will send a mission to Georgia on Friday to assess economic damage caused by the conflict with Russia and to discuss reconstruction plans, a senior bank official said on Thursday. Theodore Ahlers, World Bank vice president for Europe and Ce
Published 23 Aug, 2008 12:00am
Olmert grilled again over graft allegations

Olmert grilled again over graft allegations

Israeli Prime Minister Ehud Olmert was questioned by anti-fraud officers on Friday for the sixth time since claims emerged in May that he had illegally received funds from a US financier. As was the case in previous interviews, police spoke to Olmert, 62,
Published 23 Aug, 2008 12:00am
South Korea's Lee calls on troops to thwart threats

South Korea's Lee calls on troops to thwart threats

South Korea's president on Friday called on his military to boost it deterrence capability to thwart an attack in comments that came after North Korea threatened to strike its neighbour and fight over a contested sea boundary. Ties between the states tech
Published 23 Aug, 2008 12:00am
Boeing may exit US Air Force tanker bidding process: report

Boeing may exit US Air Force tanker bidding process: report

US aerospace giant Boeing may not submit a bid in the next round of competition for the massive US Air Force tanker refuelling contract unless they are given more time to re-work their proposal, the Washington Post reported Friday.
Published 23 Aug, 2008 12:00am
Blind Frenchman fined for drunk driving

Blind Frenchman fined for drunk driving

A blind journalist was given a month's suspended jail sentence and fined 500 euros (750 dollars) by a French court Friday for driving while drunk and without a license. The owner of the car, who was also drunk as he sat next to the blind man when he drove
Published 23 Aug, 2008 12:00am
South Korea and Iran shine in three-peat

South Korea and Iran shine in three-peat

South Korea bagged their third taekwondo gold and Iran struck their first at the Beijing Olympics Friday while a refereeing controversy crushed American Steven Lopez's dream of a three-peat. Iran's Hadi Saei beat European bronze medallist Mauro Sarmiento
Published 23 Aug, 2008 12:00am
Bolt wins third gold in third world record

Bolt wins third gold in third world record

Usain "Lightning" Bolt powered the Jamaican men to a world record victory in the 100 metres relay on Friday, sealing his place as the dominant track athlete of the Beijing Olympics. It was the third world record for Bolt, who has stolen the show in the se
Published 23 Aug, 2008 12:00am
Seven die in gunbattle

Seven die in gunbattle

Three Indian soldiers and four Kashmiri freedom fighters were killed Friday in a gunbattle near the de facto border dividing Kashmir between India and Pakistan, the military said. "The gunbattle erupted in Machil sector near the Line of Control," Indian a
Published 23 Aug, 2008 12:00am
Turkey-Iran gas deal depends on pricing

Turkey-Iran gas deal depends on pricing

Turkey will not sign a planned natural gas accord with Iran unless changes acceptable to global investors are made to its proposed buyback system, a senior Turkish energy ministry source told Reuters on Friday. Turkey and Iran failed to conclude expected
Published 23 Aug, 2008 12:00am
Criminals' details go missing in latest data loss

Criminals' details go missing in latest data loss

The personal details of every prisoner in England and Wales have been lost by a government contractor in Britain's latest data security breach. Police were called in after a consultancy firm working for the government lost a computer memory stick containi
Published 23 Aug, 2008 12:00am
Indian judge tells battling billionaire brothers to ask mummy

Indian judge tells battling billionaire brothers to ask mummy

An Indian judge has told India's billionaire Ambani brothers to get their mother to settle their latest fight over natural gas supplies, telling them it is in the "national interest," a report said Friday. The two brothers, listed by Forbes magazine as am
Published 23 Aug, 2008 12:00am
In reversal, Bush to accept Iraq withdrawal timetable

In reversal, Bush to accept Iraq withdrawal timetable

After years of denouncing timetables for a US withdrawal from Iraq, US President George W. Bush seemed poised Friday to accept late 2011 as a target date for a complete US troop pull-out. The top Iraqi negotiator told AFP in Baghdad that the tentative acc
Published 23 Aug, 2008 12:00am
Talk of Russia-Cuba ties viewed as warning to US

Talk of Russia-Cuba ties viewed as warning to US

Cuba and Russia have stirred memories of their Cold War alliance with recent talk of restoring "traditional" ties in what experts said was a warning to their old adversary, the United States. Russia, once the island's top economic benefactor and military
Published 23 Aug, 2008 12:00am
Italcementi signs deal to build Libya cement plant

Italcementi signs deal to build Libya cement plant

Italian public works and construction giant Italcementi has signed a contract with Libya to build a cement plant in partnership with the Libyan Mining Company. The plant to be built in the Tobruk region of north-east Libya will have an annual production o
Published 23 Aug, 2008 12:00am
Taliban not strategic threat to Afghanistan: UK minister

Taliban not strategic threat to Afghanistan: UK minister

The Taliban do not pose a strategic threat to the Afghan government in Kabul, despite mounting attacks by the Islamist militia near the capital, British Defence Secretary Des Browne said Thursday. Speaking to the BBC, Browne acknowledged that the Taliban
Published 23 Aug, 2008 12:00am
Food riots, anger as floods swamp South Asia

Food riots, anger as floods swamp South Asia

Flood victims demanding food and shelter beat up government officials in India on Friday as monsoon rains spread misery among millions of people across South Asia and forced thousands from their homes. Rising rivers have crumpled embankments, swamped farm
Published 23 Aug, 2008 12:00am
Syria denies accepting Russian missile deployment

Syria denies accepting Russian missile deployment

Syria denied on Friday that it was considering hosting an advanced Russian missile system, a day after President Bashar al-Assad held talks with Russian officials about upgrading his country's military. Syria's state news agency (SANA) said deployment of
Published 23 Aug, 2008 12:00am
Still no sign of Russian pullout in Georgia: US

Still no sign of Russian pullout in Georgia: US

The Pentagon said on Friday it still saw no clear sign of a substantial Russian withdrawal from Georgia, despite a declaration from Moscow that it had fulfilled a pledge to pull out. "What I said this morning is still the same," Pentagon spokesman Bryan W
Published 23 Aug, 2008 12:00am
Russia completes Georgia 'pullback'

Russia completes Georgia 'pullback'

Russia has completed its pullback of troops in Georgia, Defence Minister Anatoly Serdyukov said Friday in a statement immediately challenged by the Georgian government. "The pullback of Russian troops and units passed without incident and was completed on
Published 23 Aug, 2008 12:00am
Japan government faces loss of big majority

Japan government faces loss of big majority

Japan's ruling bloc will have a tough time keeping its vital two-thirds majority in parliament's lower house in the next election, the government's junior partner said on Friday, an outcome that would deepen a policy deadlock. Akihiro Ota, leader of the N
Published 23 Aug, 2008 12:00am
Coalition air strikes kill 76 Afghan civilians

Coalition air strikes kill 76 Afghan civilians

An operation by international forces in western Afghanistan on Friday killed 76 civilians, including 50 children and 19 women, the Afghan interior ministry said. The US-led coalition confirmed it had carried out an operation, which included air strikes, i
Published 23 Aug, 2008 12:00am
Indian rupee firms

Indian rupee firms

The Indian rupee strengthened for a second day on Friday, helped by inflows from a foreign investment and gains in the stock market, but dollar demand from oil firms and other importers trimmed its gains. The partially convertible rupee ended at 43.425/43
Published 23 Aug, 2008 12:00am
Sterling slides

Sterling slides

Sterling skidded to its lowest in nearly 12 years on a trade-weighted basis on Friday, falling against the dollar and euro after a report showed Britain's economy unexpectedly stalled in the second quarter. Investors dumped the pound when a gross domestic
Published 23 Aug, 2008 12:00am
Dollar rises in London

Dollar rises in London

The dollar fought back from the previous day's sharp correction versus a basket of major currencies on Friday, helped by easing oil and a tumbling pound after growth data increased chances of recession in the UK. Oil lost traction after surging nearly 5 p
Published 23 Aug, 2008 12:00am
Dutch win women's hockey gold

Dutch win women's hockey gold

Reigning world champions the Netherlands beat China 2-0 to win their second Olympic women's hockey gold medal on Friday. Sixth-ranked China's silver was their first Olympic hockey medal of any colour, while Argentina outclassed Germany to take the bronze
Published 23 Aug, 2008 12:00am
Hooker ends 40-year Australian wait with pole vault gold

Hooker ends 40-year Australian wait with pole vault gold

Steve Hooker of Australia set an Olympic record of 5.96 metres to win the men's pole vault gold medal at the Beijing Games on Friday. The 26-year-old Commonwealth champion won the competition when he vaulted 5.90m at his third attempt. He then went on to
Published 23 Aug, 2008 12:00am
Asian bond spreads steady

Asian bond spreads steady

Asian bonds held steady on Friday as the optimism from modestly improved US regional manufacturing and unemployment claims data was doused by a rally in oil prices which re-ignited inflation fears. But trading volumes were thin as the major financial cent
Published 23 Aug, 2008 12:00am
Asian bond spreads steady

Asian bond spreads steady

Asian bonds held steady on Friday as the optimism from modestly improved US regional manufacturing and unemployment claims data was doused by a rally in oil prices which re-ignited inflation fears. But trading volumes were thin as the major financial cent
Published 23 Aug, 2008 12:00am
Friday's afternoon trade: Lehman's rally, lower oil boosts Wall Street

Friday's afternoon trade: Lehman's rally, lower oil boosts Wall Street

US stocks advanced on Friday on hopes that Lehman Brothers Holdings Inc, the fourth-largest US investment bank, may attract a major investor, sparking gains in the battered financial sector. A nearly $5 decline in the price of oil also buoyed sentiment, w
Published 23 Aug, 2008 12:00am
European credit spreads tighten

European credit spreads tighten

European credit spreads crept tighter on Friday in thin volumes ahead of a three-day weekend in the UK, with synthetic credit indexes vulnerable to sharp widening on risks of more negative news in the financial sector.
Published 23 Aug, 2008 12:00am
European credit spreads tighten

European credit spreads tighten

European credit spreads crept tighter on Friday in thin volumes ahead of a three-day weekend in the UK, with synthetic credit indexes vulnerable to sharp widening on risks of more negative news in the financial sector.
Published 23 Aug, 2008 12:00am
FTSE gains 2.5 percent on banks

FTSE gains 2.5 percent on banks

Britain's top share index closed 2.5 percent higher on Friday, led by rebounding banks boosted by improving global sentiment and M&A activity in the troubled sector. The FTSE 100 was up 135.4 points at 5,506.6. The UK benchmark gained 0.6 percent for the
Published 23 Aug, 2008 12:00am
New York cotton

New York cotton

Thursday's closing prices of New York cotton in US cents/lb.

Published 23 Aug, 2008 12:00am
New York cotton

New York cotton

Thursday's closing prices of New York cotton in US cents/lb.

Published 23 Aug, 2008 12:00am
New York cotton modestly lower

New York cotton modestly lower

Cotton futures settled with modest declines on Friday, pulled down with other commodity markets as the dollar strengthened, but brokers said future supply concerns and recent strong price action should keep prices well supported. The key December cotton c
Published 23 Aug, 2008 12:00am
Copper eases

Copper eases

Copper eased on Friday as a firm dollar capped sentiment and investors booked profits after the metal touched a three-week high in the previous session. Nickel, a key ingredient in stainless steel, and zinc used to galvanise steel fell around 4 percent as
Published 23 Aug, 2008 12:00am
Oil falls 5.4 percent, biggest drop since 2004

Oil falls 5.4 percent, biggest drop since 2004

Crude oil prices fell more than 5.4 percent on Friday in the biggest one-day slide since 2004 as dealers turned their focus to rising supply levels and weakening global demand. A rebound in the US dollar encouraged the sell-off, applying downward pressure
Published 23 Aug, 2008 12:00am
Soft commodities move sideways

Soft commodities move sideways

Soft commodity futures moved sideways in light volumes on Friday, underpinned by a tightening supply outlook across the board. Coffee, cocoa and sugar were little changed in the afternoon, pressured by a weakening oil price and a recovery in the dollar. D
Published 23 Aug, 2008 12:00am
US gold up

US gold up

US gold futures soared nearly 3 percent on Thursday, closing near a one-week high as news of a bullion coin shortage, a slump in the dollar and an oil rally helped put the shine back on commodities. December settled at up $22.70, or 2.8 percent, at $839.0
Published 23 Aug, 2008 12:00am
Gold slips in London

Gold slips in London

Gold prices slipped on Friday as the dollar recovered some losses against the euro, but firm demand from investors in physical bullion supported the market. Gold edged down to $828.00/829.00 an ounce in European trade by 1006 GMT from $832.40/833.40 an ou
Published 23 Aug, 2008 12:00am
US MIDDAY: sugar dips

US MIDDAY: sugar dips

Raw sugar futures on ICE Futures US at 1307 GMT on Friday. October raw sugar contract dropped 0.18 cent or 1.3 percent to 13.96 cents per lb. Trading from 13.87 to 14.18 cents. Volume was at a busy 10,076 lots. Dollar strength and weakness of soft commodi
Published 23 Aug, 2008 12:00am
US MIDDAY: corn eases

US MIDDAY: corn eases

September corn was down 10 cents at $5.87-3/4 per bushel, December was down 10 at $6.07-1/2. Firm dollar and weak crude oil weigh, along with profit-taking after strong two-week rally. Forecasts for rain in the US over the weekend weigh. However, some of
Published 23 Aug, 2008 12:00am
US MIDDAY: wheat falls

US MIDDAY: wheat falls

September wheat was down 23 cents at $8.74-1/4 per bushel, December was down 23-1/4 at $8.99. Firm dollar and weak crude oil weigh on market in addition to profit-taking after the strong rally on Thursday. Iran buys unknown volume of Kazakhistan wheat and
Published 23 Aug, 2008 12:00am
US MIDDAY: soyabeans lower

US MIDDAY: soyabeans lower

September soyabean futures were down 21 cents at $13.20 per bushel, November was down 20-1/2 at $13.27-1/2. Profit-taking after two-week rally weighs on soya prices, along with weak crude oil and firm dollar. Outlooks for rain in the US over the weekend a
Published 23 Aug, 2008 12:00am
Nokia appoints Syntax Communications

Nokia appoints Syntax Communications

Nokia, global leader in mobility, announced the appointment of Syntax Communications as the Public Relations and Corporate Communications agency for the devices business in Pakistan. An announcement to this effect was made in a statement here on Friday.
Published 23 Aug, 2008 12:00am
Truckers' strike: FPCCI chief fears price hike in essential commodities

Truckers' strike: FPCCI chief fears price hike in essential commodities

Tanvir Ahmad Sheikh, President, Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has expressed serious concern over the goods transporters' strike. He said truckers strike has entered third day. They have announced an indefinite strike. He
Published 23 Aug, 2008 12:00am
Government urged to withdraw 16 percent GST on computers

Government urged to withdraw 16 percent GST on computers

Pakistan Computer Association (PCA) has urged the Government for immediate withdrawal of taxes particularly 16 percent GST on computer industry otherwise the usage of PC's would become so expensive that hardly a few would afford to buy it. Possessing a PC
Published 23 Aug, 2008 12:00am
Ninth International Pure Mathematics conference inaugurated

Ninth International Pure Mathematics conference inaugurated

The three-day 'ninth International Conference on Pure Mathematics 2008' has been inaugurated here on Friday. The conference was jointly organised by Quaid-e-Azam University, Preston University and Pakistan Mathematical Society (PMS). The Higher Education
Published 23 Aug, 2008 12:00am
Senate body to discuss audit report on welfare project today

Senate body to discuss audit report on welfare project today

A sub-committee of the Senate Standing Committee on Social Welfare would meet in the Committee Room No 1 of the Parliament House here on Saturday to discuss the audit report on the Tawana Pakistan Programme. The sub-committee to be chaired by Senator Muha
Published 23 Aug, 2008 12:00am
Grand Jirga sought to tackle militancy in NWFP

Grand Jirga sought to tackle militancy in NWFP

Awami National Party's MNA Pervez Khan Advocate on Friday called for constituting Grand Jirga with members from Federally Administered Tribal Areas (Fata) and other areas as well as from Afghanistan, to tackle militancy in NWFP. Taking part in debate on p
Published 23 Aug, 2008 12:00am
Bulhey Shah conference on August 26

Bulhey Shah conference on August 26

Bulhey Shah Conference, to pay homage to the renowned Sufi poet of the subcontinent, Hazrat Baba Bulhey Shah, will be held in connection with his Urs celebrations on August 26. Punjab Assembly Speaker Rana Muhammad Iqbal and former provincial minister Has
Published 23 Aug, 2008 12:00am
Japanese film festival from August 26

Japanese film festival from August 26

The Japanese film festival will start here on August 26 as part of Pakistan-Japan Friendship fest, a yearly event to promote better understanding between the people of the two countries. The festival is being organised by the Pakistan-Japan Cultural Assoc
Published 23 Aug, 2008 12:00am
Pakistan in talks with Japan to expand volume of ODA

Pakistan in talks with Japan to expand volume of ODA

Pakistan is urging Japan to step up its economic assistance for the development, a senior official at Pakistan embassy said on Friday. The Economic Minister at Pakistan embassy, Iftikhar Babar, told APP that he is currently holding talks with the Japanese
Published 23 Aug, 2008 12:00am
MDA launches mega uplift projects

MDA launches mega uplift projects

Mirpur Development Authority (MDA) has launched about ten development projects of public welfare, recreation and entertainment worth over Rs 80 million in various parts of Mirpur Azad Kashmir, Dr Amin Chaudhry Chairman MDA said. He was addressing a recept
Published 23 Aug, 2008 12:00am
Prime Minister announces compensation for bomb blast victims

Prime Minister announces compensation for bomb blast victims

Prime Minister Yusuf Raza Gilani, expressing indignation on the brutal suicide blasts in Wah Cantonment and D I Khan hospital, has announced compensation of Rs 0.3 million for the family of each person who lost his life and Rs 0.1 million for the wounded.
Published 23 Aug, 2008 12:00am
Bilawal's political future

Bilawal's political future

Can I dare to ask Mr Zardari; what young Bilawal could contribute to the crucial talks involving the political future of Pakistan, when the party heads met in Islamabad recently?. Let Mohtarma Benazir Bhutto's son complete his education, mature in age and
Published 23 Aug, 2008 12:00am
Thought for the day

Thought for the day

Your editorial on independence thy, 14th August 2008, was brilliant and educative, giving the crucial historical facts leading towards the coming into being of our beloved Pakistan.
Published 23 Aug, 2008 12:00am
Reconciliation or revenge: What does Hillary want?

Reconciliation or revenge: What does Hillary want?

Hillary Clinton does not see herself as aloser. On the contrary, the closer she gets to the Democratic Party convention that opens Monday in Denver, Colorado, the more self- confident she appears. A couple of weeks ago, the face of the former first lady s
Published 23 Aug, 2008 12:00am
Corporate agriculture farming: A step towards a greener Pakistan

Corporate agriculture farming: A step towards a greener Pakistan

Agriculture ministry failed in managing agriculture field and research staff and their activities for development of agriculture sector. Agriculture sector is the sustenance of our country's economy. It contributes around 21% to the GDP, employees 44% of
Published 23 Aug, 2008 12:00am
Increase in Export Finance

Increase in Export Finance

Promotion of exports has become one of the major policy objectives of Pakistan due to balance of payments difficulties and dwindling foreign exchange reserves of the country. In order to play a greater role in this effort, the State Bank of Pakistan on 19
Published 23 Aug, 2008 12:00am
Massive carnage in Wah

Massive carnage in Wah

The suicide-bombers are back. On Thursday, they struck at the gates of Pakistan Ordnance Factories (POF) with unprecedented vehemence killing over 70 persons and injuring twice that number. It was the fourth such suicide bombing attack during the last for
Published 23 Aug, 2008 12:00am
Labour department to hire only workers' children

Labour department to hire only workers' children

The Provincial Labour Minister, Ashraf Khan Sohna has announced that jobs in the labour department will be given only to the children of the labourers. He said that the government will bear all the expenses of the education of children of the labourers an
Published 23 Aug, 2008 12:00am
1,577 cases registered against people involved in water theft

1,577 cases registered against people involved in water theft

Due to sustained efforts made by Punjab Irrigation and Power Department (I&PD) to stop water theft, the Police have registered 1577 cases against people arrested 799 involved in the crime during the Kharif Crop 2008. A report submitted to the Senior Minis
Published 23 Aug, 2008 12:00am
'Government to encourage local manufacturing of CNG buses'

'Government to encourage local manufacturing of CNG buses'

The government wanted to encourage local manufacturing of CNG buses so that the project of plying 4000 CNG buses in Karachi meets with success. The Federal Minister for Environment, Hameedullah Jan Afridi said in a high level meeting to discuss the CNG bu
Published 23 Aug, 2008 12:00am
BMA extends financial, investment services to NWFP

BMA extends financial, investment services to NWFP

BMA Capital has extended financial and investment services to NWFP with the objective of the facilitation and promotion of investment in the province. This was announced at a function held at a local hotel with NWFP Minister for Finance Mohammad Hamayun K
Published 23 Aug, 2008 12:00am
NWFP government to review rates of contracts

NWFP government to review rates of contracts

The provincial government of NWFP has started work on revision of the rates of the government contracts and decision is likely to be announced within a period of two-weeks.
Published 23 Aug, 2008 12:00am
PML-Q is sinking, says minister

PML-Q is sinking, says minister

Punjab Finance Minister Tanvir Ashraf Kaira has said that after the end of the dictatorship, the PML-Q is sinking and many of its members have contacted Pakistan People's Party, which is a clear signal that the dark era of opposition party has ended with
Published 23 Aug, 2008 12:00am
Play on late Benazir staged at Assam theatre

Play on late Benazir staged at Assam theatre

A famous mobile theatre in Indian state of Assam on Friday staged a play on the life of late Benazir Bhutto. The play 'Benazir Bhutto' being staged by Abahan theatrical group will be the first theatrical documentation on the slain former Prime Minister of
Published 23 Aug, 2008 12:00am
NWFP Assembly for naming Peshawar airport after Bacha Khan

NWFP Assembly for naming Peshawar airport after Bacha Khan

NWFP Assembly on Friday passed a unanimous resolution demanding of the federal government to name Peshawar International Airport after Bacha Khan, renowned freedom fighter and founder of the Red Shirt Movement in sub-continent during British rule.
Published 23 Aug, 2008 12:00am
Traders warned against overcharging

Traders warned against overcharging

Executive district officer (EDO) Revenue Nasrullah Leghari on Friday warned the traders against profiteering and overcharging ahead of Ramazan, or during the holy month of fasting. He said strict action would be taken against shopkeepers who raised prices
Published 23 Aug, 2008 12:00am
CCM brings timely foreign investment

CCM brings timely foreign investment

CCM, one of the world's most experienced and sought after companies, with over 25 years track record in airport interior contracting and expertise gathered from work done at over 200 world airports, has joined hands with Sialkot International Airport to d
Published 23 Aug, 2008 12:00am
CDA to build modern marriage lawns

CDA to build modern marriage lawns

The Capital Development Authority (CDA) in a high level meeting on Friday has decided to construct modern Marriage Lawns with latest facilities at different sites in Islamabad. The Chairman CDA, Kamran Lashari chaired the meeting. The Director PMO informe
Published 23 Aug, 2008 12:00am
Establishment of PATA Development Authority demanded

Establishment of PATA Development Authority demanded

Participants of a seminar through a unanimous resolution urged the government to immediately create a PATA Development Authority in the Provincially Administrated Tribal Areas (PATA) to look after infrastructure development in these areas. The seminar was
Published 23 Aug, 2008 12:00am
Suicide bomber among four held; seven suspects taken into custody

Suicide bomber among four held; seven suspects taken into custody

Police and other law-enforcement agencies have arrested a suicide bomber and his other three accomplices and recovered from their possession suicide jackets, grenades and other material, besides seven other suspects were taken into custody from Wah Canton
Published 23 Aug, 2008 12:00am
Government urged to import more fertilisers

Government urged to import more fertilisers

Pakistan Agricultural Scientists Forum has urged the government to import fertilisers in abundance to ensure their timely availability on control rates as hybrid seed need more fertilisers. They warned otherwise next Rabi crop would also be affected by sh
Published 23 Aug, 2008 12:00am
New updated web-site of Punjab Assembly launched

New updated web-site of Punjab Assembly launched

Speaker Provincial Assembly of the Punjab Rana Muhammad Iqbal Khan here on Friday launched the new 'updated web-site of the Assembly. The web-site www.pap.gov.pk provides a full array of information in English and Urdu language about the Assembly, its his
Published 23 Aug, 2008 12:00am
Piaf to remove fear factor among business community

Piaf to remove fear factor among business community

Pakistan Industrial and Traders Associations Front (Piaf) has decided to launch "contact campaign" to undo the fear factor spoiling the business atmosphere in the country.
Published 23 Aug, 2008 12:00am
'Pehchan Pakistan' diary launched

'Pehchan Pakistan' diary launched

Habib Bank Officers Association (HBOA) has published and released a diary namely "Pehchan Pakistan" for the current fiscal year 2009, in which pictures of renowned personalities, history of Pakistan and famous locations have been published. The diary has
Published 23 Aug, 2008 12:00am
PSO clarification

PSO clarification

Pakistan State Oil Company Limited (PSO) has clarified a news item published in Daily Business Recorder on August 22, 2008 under the caption "IPPs threaten to shut down plants or call GoP guarantees".
Published 23 Aug, 2008 12:00am
The Weather

The Weather

The weather report on Friday (August 22, 2008) and the forecast for Saturday (August 23, 2008).

Published 23 Aug, 2008 12:00am
Magsi agrees to continue as Governor

Magsi agrees to continue as Governor

Balochistan Governor Zulfiqar Ali Magsi on Friday gave positive response to the request of Chief Minister Muhammad Aslam Raisani for continuing to hold the office of the Governor of the province, CM secretariat sources said.
Published 23 Aug, 2008 12:00am
Key stock and currency market movements

Key stock and currency market movements

The latest close of key indices on major world stock exchanges and the London closing values of the euro, the Japanese yen, the British pound and gold bullion (previous day's closes in brackets).

Published 23 Aug, 2008 12:00am
Fighting displaces over 200,000 in tribal areas

Fighting displaces over 200,000 in tribal areas

More than 200,000 people have fled recent, intensified fighting in tribal zones near Afghanistan that serve as Taliban sanctuaries, the International Committee of the Red Cross said Friday.
Published 23 Aug, 2008 12:00am
LEAs criticised for not curtailing Talibanisation in tribal areas

LEAs criticised for not curtailing Talibanisation in tribal areas

Members from the ruling coalition on Friday took the law-enforcement agencies, particularly the spy agencies, to task for their failure in curtailing the growing terrorism, accusing them (agencies) of promoting Talibanisation in the tribal areas.
Published 23 Aug, 2008 12:00am
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