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Print - 2008-09-07
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning from Monday (September 08, 2008).

Published 07 Sep, 2008 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning from Monday (September 08, 2008).

Published 07 Sep, 2008 12:00am
Rates of Pipe Fittings

Rates of Pipe Fittings

Pipe fitting rates in rupees prevailing in the markets in Karachi on Saturday (September 06, 2008).

Published 07 Sep, 2008 12:00am
Iron, steel and other metal rates

Iron, steel and other metal rates

Iron, steel and other metal rates in rupees prevailing on the commodity markets in Karachi on Saturday (September 06, 2008).

Published 07 Sep, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (September 06, 2008).

Published 07 Sep, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (September 06, 2008).

Published 07 Sep, 2008 12:00am
KKI closing rates of currency notes

KKI closing rates of currency notes

Khanani & Kalia International (Pvt) Limited Closing Rates of currency notes on Saturday (September 06, 2008).

Published 07 Sep, 2008 12:00am
World currencies and dollar

World currencies and dollar

Value of the dollar in terms of other world currencies as prevailing in the week ended Saturday (September 06, 2008).

Published 07 Sep, 2008 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Saturday (September 06, 2008).

Published 07 Sep, 2008 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Saturday (September 06, 2008).
Published 07 Sep, 2008 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Saturday (September 06, 2008).

Published 07 Sep, 2008 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Saturday (September 06, 2008).

Published 07 Sep, 2008 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Saturday (September 06, 2008).

Published 07 Sep, 2008 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Saturday (September 06, 2008).

Published 07 Sep, 2008 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm
Published 07 Sep, 2008 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 07 Sep, 2008 12:00am
US Midwest corn and soyabean bids hold steady

US Midwest corn and soyabean bids hold steady

Spot basis bids for soyabeans and corn held steady at most processors and elevators around the US Midwest on Friday, grain dealers said. Farmer selling was light on Friday. Most growers already have sold most of their old crop supplies, a northern Ohio de
Published 07 Sep, 2008 12:00am
Rates turn higher on cotton market

Rates turn higher on cotton market

Prices maintained a firm look on the cotton market on Saturday as mills were still active after the fresh rain in the cotton belt, dealers said. The official spot rate was unchanged at Rs 4125, they said. Phutti prices in Sindh were unchanged at Rs 1900-1
Published 07 Sep, 2008 12:00am
Prices remain stable on grain market

Prices remain stable on grain market

Firm trend was again witnessed on the grain market on Saturday as most of the buyers were on the sideline, exchanging views over the presidential elections, dealers said.
Published 07 Sep, 2008 12:00am
Brazil August green coffee exports down

Brazil August green coffee exports down

Brazil exported 1.89 million 60-kg bags of green coffee in August, down 3.3 percent from 1.95 million bags in the same month a year ago, the Council of Green Coffee Exporters (Cecafe) said on Friday. Brazil shipped 1.79 million bags of green coffee in Jul
Published 07 Sep, 2008 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 96,046 tonnes of cargo including 68,129 tonnes of import, 27,917 tonnes of export cargo and 2,859 loaded and empty containers (TEUs) during last 24 hours ending at 0700 hours on Saturday.
Published 07 Sep, 2008 12:00am
Brazilian sugar vessels lineup

Brazilian sugar vessels lineup

The lineup of vessels waiting to load sugar in Brazilian ports rose to 47 ships this week, from 42 a week ago, shipping agent Williams said on Friday. In a report, Williams said 39 vessels were lined up in the southern port of Santos, up from 34 a week ag
Published 07 Sep, 2008 12:00am
KCBT wheat futures end sharply lower

KCBT wheat futures end sharply lower

Hard red winter wheat futures on the Kansas City Board of Trade ended sharply lower on Friday as a follower of sinking soyabean futures and under pressure from continued strength in the US dollar. The December closed down 24 cents, or 2.9 percent, at $7.9
Published 07 Sep, 2008 12:00am
US wheat futures close lower

US wheat futures close lower

US wheat futures closed lower on Friday, with spot prices on the Chicago Board of Trade falling to the lowest level in a year as long liquidation pressured the commodities sector, traders said. The Reuters-Jeffrey's CRB index of 19 commodity prices fell t
Published 07 Sep, 2008 12:00am
Indian sugar falls

Indian sugar falls

Indian sugar futures fell for a third session on Friday as a jump in supplies pushed down prices in the physical market. At 2:54 pm (0924 GMT), the September contract was down 1.68 percent at 1,698 rupees ($38.1) per 100 kg, while October futures had fall
Published 07 Sep, 2008 12:00am
US copper down sharply

US copper down sharply

The price of copper fell to a seven-month low below $3.10 a lb in New York futures trade on Friday after a huge jump in supply of the red metal in London warehouses reinforced investors' fears of a demand slowdown, analysts said.
Published 07 Sep, 2008 12:00am
US gold ends off

US gold ends off

US gold settled barely lower on Friday, after strengthening for most of the day and again after hours, when participants bought the yellow metal as a safe-haven response to gloomy jobs data and in reaction to the dollar, which swung lower, then back to ev
Published 07 Sep, 2008 12:00am
Asian palm oil seen climbing to 2,900 ringgit by December

Asian palm oil seen climbing to 2,900 ringgit by December

Malaysian crude palm oil futures are rise about 18 percent to 2,900 ringgit ($844.5) per tonne by December on strong demand and lower output yields, top industry analyst Thomas Mielke said on Wednesday. The price of the reddish-brown vegetable oil slid ab
Published 07 Sep, 2008 12:00am
Rising trend on Australian wool market

Rising trend on Australian wool market

The Australian wool market finished 0.4 percent higher, on average, at sales in Sydney, Melbourne and Fremantle this week. The AWEX EMI rose by 5 Australian cents (0.6 percent), ending the week at 855 Aust cents a kg.
Published 07 Sep, 2008 12:00am
New York sugar sags to softer close

New York sugar sags to softer close

Raw sugar futures ended lower on Friday in another session dominated by switch trade as players transferred positions out of the spot contract since it is due to go off the board this month, brokers said. The October raw sugar contract eased 0.11 cent to
Published 07 Sep, 2008 12:00am
CME says can implement CBOT wheat changes quickly

CME says can implement CBOT wheat changes quickly

The Chicago Board of Trade is ready to put proposed changes to its wheat futures contract, a world benchmark for wheat pricing, into effect quickly so the contract's performance as a tool for commercial hedging will return to normal, a top exchange offici
Published 07 Sep, 2008 12:00am
Soya sinks to five-month low

Soya sinks to five-month low

US soybean futures on the Chicago Board of Trade sank to a five-month low on Friday on follow-through weakness due to falling crude, a firm dollar and beneficial Midwest rains for filling soy, traders said. "We went up on solid demand and rising outside m
Published 07 Sep, 2008 12:00am
Thailand's soyabeans imports to grow

Thailand's soyabeans imports to grow

Thailand's soybean imports are forecast to grow almost 6 percent this year, as edible oil consumption rose after a farm strike in Argentina hit soymeal supplies, a Thai industry official said on Friday.
Published 07 Sep, 2008 12:00am
Oil prices dive in globe on hurricane, strong dollar

Oil prices dive in globe on hurricane, strong dollar

Crude oil prices plunged this week as Hurricane Gustav spared US energy facilities in the Gulf of Mexico, traders said. Commodities futures, notably oil and metals, were also pushed lower by a strong dollar and concerns about falling demand for raw materi
Published 07 Sep, 2008 12:00am
Latvia central bank urges balanced budget

Latvia central bank urges balanced budget

Latvia's government needs to aim for a balanced budget next year, rather than a deficit, or it will damage the economy in the long-term and hurt the country's reputation among investors, the central bank said on Saturday.
Published 07 Sep, 2008 12:00am
Japanese food firm apologises for selling tainted rice

Japanese food firm apologises for selling tainted rice

The head of a food processing firm apologised Saturday for selling imported pesticide-tainted rice to snack makers and admitted ordering company employees to go ahead with the sales. Mitsuo Fuyuki, president of Mikasa Foods, said it was unclear if the ric
Published 07 Sep, 2008 12:00am
Bleak US jobs report offers recession-like whiff

Bleak US jobs report offers recession-like whiff

Surprisingly dismal data on US employment on Friday heightened fears of a full-blown recession and strengthened the case Democrats are making for further government stimulus to cushion the blow just two months before US elections. The US jobless rate jump
Published 07 Sep, 2008 12:00am
Alitalia adviser to meet British Airways on rescue plan

Alitalia adviser to meet British Airways on rescue plan

Alitalia's adviser will soon present its rescue plan for the airline to British Airways, considered by Italy as a possible foreign partner for the bankrupt airline, an executive told a newspaper. "Soon we will present the plan to British Airways as well,"
Published 07 Sep, 2008 12:00am
'Fruitful' talks but no deal to save India's cheap-car plant

'Fruitful' talks but no deal to save India's cheap-car plant

Talks to end violent protests over a factory in eastern India to manufacture the world's cheapest car ended Saturday with no breakthrough. But West Bengal's opposition Trinamool Congress party, which has been spearheading opposition to the plant, was hope
Published 07 Sep, 2008 12:00am
EU court split of Microsoft decision: Bloomberg

EU court split of Microsoft decision: Bloomberg

The vote of the European Union's second highest court last year to uphold a European Commission ruling against Microsoft Corp came on a 7-6 vote, Bloomberg news reported on Friday. The Court of First Instance never announces its votes, but Bloomberg said
Published 07 Sep, 2008 12:00am
Judge approves California city bankruptcy petition

Judge approves California city bankruptcy petition

A US judge ruled on Friday that Vallejo, California, was insolvent when it filed a bankruptcy petition in May, siding with the city's bid to seek protection from creditors while aiming to restructure its debts in bankruptcy court.
Published 07 Sep, 2008 12:00am
More oil price falls would harm producers: Iran

More oil price falls would harm producers: Iran

Iran's oil minister said a continued fall in crude prices would harm producers, the Oil Ministry website Shana reported on Saturday, three days before Opec ministers are due to meet in Vienna. Gholamhossein Nozari also said Iran, the world's fourth-larges
Published 07 Sep, 2008 12:00am
Bush pushes lawmakers on oil, trade

Bush pushes lawmakers on oil, trade

US President George W. Bush on Saturday urged the US Congress held by his Democratic foes to back free trade agreements with South Korea and Colombia and clear the way for more oil drilling. In his weekly radio address, Bush noted that lawmakers were retu
Published 07 Sep, 2008 12:00am
German union eyes 7.5 percent or more wage rise: Spiegel

German union eyes 7.5 percent or more wage rise: Spiegel

The national committee of Germany's industrial IG Metall union plans to demand a pay increase of at least 7.5 percent in the forthcoming wage round, a German magazine reported on Saturday. Der Spiegel magazine said the national board of IG Metall would fo
Published 07 Sep, 2008 12:00am
Georgia crisis demands Baltic gas link rethink:Tusk

Georgia crisis demands Baltic gas link rethink:Tusk

The conflict between Georgia and Russia requires a rethink of a planned pipeline which will pump Russian gas under the Baltic Sea to Germany, Polish Prime Minister Donald Tusk told a German newspaper on Saturday. European countries should not boost their
Published 07 Sep, 2008 12:00am
Euro zone economy seen recovering in 2009: Trichet

Euro zone economy seen recovering in 2009: Trichet

The European Central Bank's president said on Saturday he expected the euro zone's economy to begin to recover next year. "In the second and third quarters (of this year) we will have hit bottom," Jean-Claude Trichet said in an interview with Italian stat
Published 07 Sep, 2008 12:00am
Boeing machinists walk off the job as talks fail

Boeing machinists walk off the job as talks fail

Boeing Co's 27,000-strong machinists' union walked off the job on Saturday after the plane maker failed to improve its contract offer after two days of emergency talks. At midnight, a crowd of more than 100 employees gathered near the entrance of Boeing's
Published 07 Sep, 2008 12:00am
UK economic downturn not as bad as the 90s: TUC

UK economic downturn not as bad as the 90s: TUC

The economic downturn in Britain is "nowhere near" as bad as the early 1990s recession, but the government must do more to help if it is to stand any chance of staying in power, the Trades Union Congress said on Saturday. Britain's unions descend on the s
Published 07 Sep, 2008 12:00am
China bond yields fall

China bond yields fall

Chinese bond yields fell and the curve steepened on Friday after a strong auction of one-year government bonds. The finance ministry sold 24 billion yuan ($3.5 billion) of one-year government bonds on Friday at a yield of 3.34 percent, near the low end of
Published 07 Sep, 2008 12:00am
China bond yields fall

China bond yields fall

Chinese bond yields fell and the curve steepened on Friday after a strong auction of one-year government bonds. The finance ministry sold 24 billion yuan ($3.5 billion) of one-year government bonds on Friday at a yield of 3.34 percent, near the low end of
Published 07 Sep, 2008 12:00am
Emerging markets: growth concerns fuel risk aversion

Emerging markets: growth concerns fuel risk aversion

Renewed concerns about a global economic slowdown knocked emerging markets assets down on Friday, driving stocks lower for the sixth consecutive session and sending a key gauge of risk aversion to levels not seen in more than three years.
Published 07 Sep, 2008 12:00am
Emerging markets: growth concerns fuel risk aversion

Emerging markets: growth concerns fuel risk aversion

Renewed concerns about a global economic slowdown knocked emerging markets assets down on Friday, driving stocks lower for the sixth consecutive session and sending a key gauge of risk aversion to levels not seen in more than three years.
Published 07 Sep, 2008 12:00am
US corporate bond spreads widen

US corporate bond spreads widen

US corporate bond spreads widened slightly on Friday while the cost of insuring corporate debt fell as investors digested the August jobs report, showing the economy shedding jobs at a faster-than-expected pace.
Published 07 Sep, 2008 12:00am
US corporate bond spreads widen

US corporate bond spreads widen

US corporate bond spreads widened slightly on Friday while the cost of insuring corporate debt fell as investors digested the August jobs report, showing the economy shedding jobs at a faster-than-expected pace.
Published 07 Sep, 2008 12:00am
Toronto stocks slightly up

Toronto stocks slightly up

The Toronto Stock Exchange's main index just managed to end on the plus side on Friday, following a sharp three-day losing streak, as gains by resource and consumer issues offset worries over the outlook for the global economy.
Published 07 Sep, 2008 12:00am
Investors see strong interest in Australia stocks

Investors see strong interest in Australia stocks

Offshore investors see Australian stocks as attractive as valuations on financial services and mid-cap resource firms fall and as a weaker Australian dollar makes assets cheaper, Merrill Lynch's chief executive in the country said on Thursday.
Published 07 Sep, 2008 12:00am
Companies using IPOs to fix balance sheets

Companies using IPOs to fix balance sheets

With the market for initial public offerings as tight as it's been in years, investors are paying closer attention to how companies plan to use the proceeds. In particular, they want to see companies use at least part of the money on the company itself an
Published 07 Sep, 2008 12:00am
Japanese government bonds soar

Japanese government bonds soar

Japanese government bond futures soared more than a full point on Friday to a five-month high, with investors dumping risky positions in stocks and shifting funds into safe-haven debt. The Nikkei average lost 2.8 percent to finish at a 5-1/2-month low as
Published 07 Sep, 2008 12:00am
Japanese government bonds soar

Japanese government bonds soar

Japanese government bond futures soared more than a full point on Friday to a five-month high, with investors dumping risky positions in stocks and shifting funds into safe-haven debt. The Nikkei average lost 2.8 percent to finish at a 5-1/2-month low as
Published 07 Sep, 2008 12:00am
Argentine stocks tumble

Argentine stocks tumble

Argentine stocks hovered at their lowest since October 2006 on Friday, and bonds also lost ground, hit by a global sell-off in emerging markets. The MerVal index shed 0.93 percent to 1,678.74, shedding 4.52 percent over the last two sessions. Volume was a
Published 07 Sep, 2008 12:00am
Chile stocks close weaker

Chile stocks close weaker

Chile's stocks closed weaker on Friday. The blue chip IPSA index fell 0.85 percent to 2,771 points after falling 1.71 percent on Thursday, tracking other foreign markets lower after news the US unemployment rate soared to a five-year high of 6.1 percent i
Published 07 Sep, 2008 12:00am
US Treasury debt prices sharply lower

US Treasury debt prices sharply lower

US Treasury debt prices fell sharply late on Friday after The Wall Street Journal reported the Treasury was close to finalising a plan to support government-sponsored home finance companies Fannie Mae and Freddie Mac. The move in bond prices was likely ex
Published 07 Sep, 2008 12:00am
US Treasury debt prices sharply lower

US Treasury debt prices sharply lower

US Treasury debt prices fell sharply late on Friday after The Wall Street Journal reported the Treasury was close to finalising a plan to support government-sponsored home finance companies Fannie Mae and Freddie Mac. The move in bond prices was likely ex
Published 07 Sep, 2008 12:00am
Canadian bonds end mixed

Canadian bonds end mixed

The Canadian bond prices were mixed on Friday in volatile trading as stock markets rallied late in the session, causing the bond market to unwind a safe-haven bid. The Canadian job numbers also played a role in the mixed results, as they lessened the like
Published 07 Sep, 2008 12:00am
Canadian bonds end mixed

Canadian bonds end mixed

The Canadian bond prices were mixed on Friday in volatile trading as stock markets rallied late in the session, causing the bond market to unwind a safe-haven bid. The Canadian job numbers also played a role in the mixed results, as they lessened the like
Published 07 Sep, 2008 12:00am
Brazil stocks end five-day losing streak

Brazil stocks end five-day losing streak

Brazilian stocks broke a five-day losing streak on Friday, as a rebound on Wall Street inspired late buying and lifted some of the gloom caused by weak commodity prices and global recession worries. The Bovespa index of the Sao Paulo Stock Exchange ended
Published 07 Sep, 2008 12:00am
Dow, S&P finish higher on financials

Dow, S&P finish higher on financials

The broader US stock market edged higher on Friday, but still posted its worst week since May, as a rally in financial stocks helped reverse losses sparked by a government report showing the US jobless rate rose to a five-year high.
Published 07 Sep, 2008 12:00am
Forex outlook: US dollar likely to rise in the week ahead

Forex outlook: US dollar likely to rise in the week ahead

The US dollar is expected to gain in the week ahead as investors remain focused on the outlook for steady US interest rates while other regions are expected to begin cutting rates. The expectation for stable US rates among currency investors remains in pl
Published 07 Sep, 2008 12:00am
Won rises on intervention, loses on week

Won rises on intervention, loses on week

The won ended the local session up 1 percent against the dollar on Friday, or 2.2 percent above a session low, after reports of repeated dollar-selling intervention by the South Korean authorities. The won ended the session at 1,117.8 per dollar, compared
Published 07 Sep, 2008 12:00am
Dollar edges up

Dollar edges up

The US dollar edged higher versus the euro on Friday but retreated from 11-month highs after government data showed the US economy lost jobs for the eighth straight month and the unemployment rate jumped. The ongoing weakness in the US labour market cast
Published 07 Sep, 2008 12:00am
IMM speculators trim long dollar position

IMM speculators trim long dollar position

Currency speculators pared back their long positions in 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 slipped to $15.87 billion in the week to Sep
Published 07 Sep, 2008 12:00am
Kenyan shilling firms

Kenyan shilling firms

Kenya's shilling firmed against the dollar on Friday as dollar sellers cashed in on six month lows and dealers said it could gain more ground. The commercial banks quoted the unit at 69.95/70.05 against the dollar compared to Thursday's close of 70.40/50.
Published 07 Sep, 2008 12:00am
Taiwan dollar ends at 6-1/2-month low

Taiwan dollar ends at 6-1/2-month low

The Taiwan dollar weakened to a 6-1/2 month low on Friday due to foreign fund outflows as the stock market fell steeply, although the central bank and exporters bought the currency. The Taiwan dollar dipped as low as T$31.908 to the US dollar shortly afte
Published 07 Sep, 2008 12:00am
Football: New Zealand on verge of World Cup

Football: New Zealand on verge of World Cup

A second-half double by Shane Smeltz lifted New Zealand to a 3-1 victory over New Caledonia here Saturday to put them on the verge of qualifying for the 2010 World Cup. New Zealand must now play the fifth-ranked Asian nation in a home-and-away series, wit
Published 07 Sep, 2008 12:00am
Jankovic, Serena set for finals showdown

Jankovic, Serena set for finals showdown

World No 2 Jelena Jankovic advanced to her first Grand Slam final by defeating Elena Dementieva 6-4, 6-4 at the US Open on Saturday, setting up a showdown with two-time winner Serena Williams. "I have tears in my eyes," said an emotional Jankovic. "I have
Published 07 Sep, 2008 12:00am
Bangladesh batsmen fail again

Bangladesh batsmen fail again

Bangladesh's batsmen again failed as they fell to another demoralising defeat in their one-day series against Australia at the TIO Stadium here on Saturday. After the tourists fielded well to restrict Australia to 198 for five from their 50 overs, they we
Published 07 Sep, 2008 12:00am
Murray could be man to end British Open-era Slam drought

Murray could be man to end British Open-era Slam drought

Grand Slam semi-final debutante Andy Murray is playing the best tennis of his career at the US Open and could be poised to capture Britain's first men's Grand Slam title in the 40-year Open era.
Published 07 Sep, 2008 12:00am
McCain, Obama battle over character, economy

McCain, Obama battle over character, economy

The US presidential race was shaping up as a battle over whether a strong character trumps solid policies Saturday as John McCain attacked his Democratic rival as too weak and Barack Obama worked to refocus voters on the issues.
Published 07 Sep, 2008 12:00am
Formula One: Hamilton takes pole for Belgian GP

Formula One: Hamilton takes pole for Belgian GP

World championship leader Lewis Hamilton oozed confidence after he secured pole position for the Belgian Grand Prix with a dazzling lap in Saturday's qualifying session.
Published 07 Sep, 2008 12:00am
Federer won't reclaim top spot: Wilander

Federer won't reclaim top spot: Wilander

Former Swedish tennis star Mats Wilander says he doubts Switzerland's Roger Federer will ever reclaim world number one spot from Spanish rival Rafael Nadal who usurped him last month. "I do not believe Federer will be world number one again," Wilander tol
Published 07 Sep, 2008 12:00am
Afghan provincial governor, two bodyguards die in car crash

Afghan provincial governor, two bodyguards die in car crash

An Afghan provincial governor for eastern Nuristan province died along with his two bodyguards when their car swerved off the road and plunged into a ravine en route to Kabul, a provincial official said Saturday.
Published 07 Sep, 2008 12:00am
Hurricane Ike menaces Cuba, Hanna sloshes into US

Hurricane Ike menaces Cuba, Hanna sloshes into US

Hurricane Ike menaced Cuba and the Gulf of Mexico as a potentially ferocious storm while Tropical Storm Hanna began a rain-swept march up the US Atlantic coast after barrelling ashore on Saturday in the Carolinas. The densely populated Miami-Fort Lauderda
Published 07 Sep, 2008 12:00am
Medvedev accuses US of rearming Georgia

Medvedev accuses US of rearming Georgia

Russian President Dmitry Medvedev on Saturday accused the United States of rearming Georgia under the guise of humanitarian aid, following the arrival of a US Navy flagship in the Georgian port of Poti. "The rearming of the Georgian regime is continuing,
Published 07 Sep, 2008 12:00am
'US to de-list North Korea conditionally'

'US to de-list North Korea conditionally'

The United States will take North Korea off its terror list "immediately" if it can agree a way to verify its nuclear facilities, top envoy Christopher Hill said Saturday. The renewed pledge followed a flurry of meetings here after North Korea said it had
Published 07 Sep, 2008 12:00am
Landslide hits east Cairo shanty town, kills 31

Landslide hits east Cairo shanty town, kills 31

Thirty-one people were killed and 23 injured when a massive rockslide hit a crowded Cairo shanty town on Saturday, sending rocks and boulders crashing down on dozens of houses, security and medical sources said. Tumbling rocks destroyed many buildings in
Published 07 Sep, 2008 12:00am
NWFP chief minister grants 60 days remission to prisoners

NWFP chief minister grants 60 days remission to prisoners

Chief Minister NWFP has granted 60 days special remission to all the convicted prisoners languishing in the jails of the province except those convicted under NAB Ordinance, murder, espionage, subversion, anti-state activities.
Published 07 Sep, 2008 12:00am
PML-Q falls like dry leaf in presidential election

PML-Q falls like dry leaf in presidential election

Presidential election shook the pro-Musharraf party, Pakistan Muslim League (Q) and it fell like a dry leaf despite tall claims, as its parliamentarians revolted against it. The result of presidential election was certainly against expectations of PML-Q l
Published 07 Sep, 2008 12:00am
Punjab government to hold 'SME Business Conference'

Punjab government to hold 'SME Business Conference'

The Punjab government has planned to hold a 'SME Business Conference' after Eidul Fitr in a bid to attract the potential investors wanted to work in the province. This was stated by CM's Task Force on SMEs Chairman Yawar Irfan Khan here on Saturday.
Published 07 Sep, 2008 12:00am
'Zardari's success victory of democracy'

'Zardari's success victory of democracy'

Sindh Minister for Livestock Abdul Haq alias Dost Muhammad Bhurt has said that the election of Asif Ali Zardari as president of Pakistan is in fact the victory of democracy. In a statement issued here he congratulated the people of Pakistan on the victory
Published 07 Sep, 2008 12:00am
Sales tax, FED returns date extended

Sales tax, FED returns date extended

The Federal Board of Revenue (FBR) has further extended the date, up to September 10, 2008, for online submission of sales tax and federal excise duty returns for the tax period July 2008, up to September 10, 2008. The FBR issued sales tax circular 08/200
Published 07 Sep, 2008 12:00am
PML-N, PPP get more votes than their strength in Punjab Assembly!

PML-N, PPP get more votes than their strength in Punjab Assembly!

In the polling for presidential election that commenced in the Punjab Assembly 10am and went unabated till 3pm on Saturday, the two leading parties of the country PML-N and PPP multiplied in their original strength of votes by polling 201 votes for PML-N
Published 07 Sep, 2008 12:00am
Zardari sweeps presidential poll in Sindh Assembly

Zardari sweeps presidential poll in Sindh Assembly

An overwhelming majority of 162 members of Sindh Assembly on Saturday voted for Pakistan People's Party (PPP) co-chairman Asif Ali Zardari in the presidential election. Other two candidates, Mushahid Hussain and Saeed-uz-Zaman Siddiqui could not secure a
Published 07 Sep, 2008 12:00am
Judicial officers posted

Judicial officers posted

The Chief Justice of the Lahore High Court (LHC) Syed Zahid Hussain posted two judicial officers against existing vacancies. According to a notification issued here Chief Justice posted Misbah Khan as senior civil judge at Khushab and Aziz Ullah Kallue as
Published 07 Sep, 2008 12:00am