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Nov 08, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2008-09-24
Corruption creating humanitarian disaster: watchdog

Corruption creating humanitarian disaster: watchdog

Corruption in poor countries has created a humanitarian disaster which threatens to derail the global fight against poverty, Transparency International said. Releasing its annual Corruption Perceptions Index (CPI) on Tuesday, the anti-corruption watchdog
Published 24 Sep, 2008 12:00am
Alleged Estonian spy sold Nato secrets

Alleged Estonian spy sold Nato secrets

A former Estonian defence ministry official arrested for treason at the weekend is thought to have sold important Nato secrets to Russia, a report said Tuesday. "(Herman) Simm is suspected of carrying Nato's biggest secrets to Russian intelligence," Posti
Published 24 Sep, 2008 12:00am
Palestinians win Livni pledge on talks

Palestinians win Livni pledge on talks

Chief Palestinian negotiator Ahmed Qurie won an assurance from Israeli prime minister-designate Tzipi Livni on Tuesday that peace talks will not stall while she tries to form a new coalition government. In an interview with Reuters following their meeting
Published 24 Sep, 2008 12:00am
Key South Africa ministers resign, deepening crisis

Key South Africa ministers resign, deepening crisis

More than a third of South Africa's cabinet stepped down on Tuesday after President Thabo Mbeki resigned, deepening the biggest political crisis since the end of apartheid. The list of resignations included respected Finance Minister Trevor Manuel, immedi
Published 24 Sep, 2008 12:00am
Georgia says downed Russian drone

Georgia says downed Russian drone

Georgia said on Tuesday it had shot down a Russian reconnaissance drone just south of the breakaway region of South Ossetia, but Russia denied the claim and accused Tbilisi of "provocation". If confirmed, it would be the first such incident since last mon
Published 24 Sep, 2008 12:00am
Indian state bank workers plan strike

Indian state bank workers plan strike

Nearly a million employees of India's public sector banks were set to strike from Wednesday to protest against moves to merge state-run institutions and demand better wages, a union leader said. The planned two-day walkout by more than 900,000 workers was
Published 24 Sep, 2008 12:00am
Myanmar frees longest-serving political prisoner

Myanmar frees longest-serving political prisoner

Myanmar's longest-serving political prisoner, journalist Win Tin, was freed on Tuesday after 19 years in jail and immediately vowed to continue his struggle against 46 years of unbroken military rule. "I will keep fighting until the emergence of democracy
Published 24 Sep, 2008 12:00am
Sterling steadies

Sterling steadies

Sterling was steady on the day against the dollar on Tuesday, erasing earlier gains as the US currency enjoyed a boost as US policymakers urged Congress not to delay approval for the planned bailout of the financial system.
Published 24 Sep, 2008 12:00am
Dollar consolidates in London

Dollar consolidates in London

The dollar attempted to consolidate on Tuesday, after a hefty fell against the euro the session before, despite jitters over the US government's bailout plan aimed at restoring its battered financial sector.
Published 24 Sep, 2008 12:00am
Indian rupee falls

Indian rupee falls

The Indian rupee was pushed down on Tuesday by a 3 percent fall in local stocks and dollar demand from oil importers and arbitrageurs, although dealers said central bank intervention helped it recover some of its losses. The partially convertible rupee en
Published 24 Sep, 2008 12:00am
Action against former-DPO ordered

Action against former-DPO ordered

The Lahore High Court (LHC) has directed the Regional Police Officer (RPO) Sheikhupura to initiate departmental action against former DPO for committing patent illegality in a case of a French woman Peggy Collin seeking custody of her child.
Published 24 Sep, 2008 12:00am
Postings, transfers and promotions in Punjab

Postings, transfers and promotions in Punjab

The Punjab Government has on Tuesday made the following postings and transfers: According to a notification, Dr Ihteshamuddin Qureshi, Associate Professor, Postgraduate Medical Institute, Lahore, has been appointed as Professor of Pathology on current cha
Published 24 Sep, 2008 12:00am
Efforts underway to check rapid population growth

Efforts underway to check rapid population growth

The reproductive health centres set up by the Ministry of Population Welfare are successfully educating people about population-related issues, while more concerted efforts are underway to check rapid population growth.
Published 24 Sep, 2008 12:00am
KSE holiday

KSE holiday

Karachi Stock Exchange (KSE) will remain closed on Friday on account of Jumma-tul-Wida. This was announced by KSE in its notice issued here on Tuesday.
Published 24 Sep, 2008 12:00am
Provision of generator for MIC directed

Provision of generator for MIC directed

Chief Minister Punjab Mian Shahbaz Sharif has directed the communication & works department to provide 750KVA diesel generator set to the Institute of Cardiology Multan (MIC) immediately. He further directed that it should become operational within a week
Published 24 Sep, 2008 12:00am
Deliverable Futures October contract resumes today

Deliverable Futures October contract resumes today

Karachi Stock Exchange (KSE) has announced that the Deliverable Futures October 2008 Contract will now commence from Wednesday (today) instead of Monday. In a notice, KSE said that keeping in view the current market conditions, some modalities in the spec
Published 24 Sep, 2008 12:00am
US kills millions of innocent Pakistanis for own motives: IJT

US kills millions of innocent Pakistanis for own motives: IJT

Nazim-e-Alla Islami Jamiat Talba (IJT) Atiq-ur-Rehman has said that Pakistan's sovereignty and integrity was in danger due to the wrong domestic and foreign policies of the rulers. He was addressing a demonstration arranged in connection with "condemnatio
Published 24 Sep, 2008 12:00am
European credit spreads widen

European credit spreads widen

European credit spreads widened on Tuesday on increasing concerns that the planned $700 billion US bailout of the financial sector would not bring an end to market turmoil or head off a recession. By 1546 GMT, the investment-grade Markit iTraxx Europe ind
Published 24 Sep, 2008 12:00am
European credit spreads widen

European credit spreads widen

European credit spreads widened on Tuesday on increasing concerns that the planned $700 billion US bailout of the financial sector would not bring an end to market turmoil or head off a recession. By 1546 GMT, the investment-grade Markit iTraxx Europe ind
Published 24 Sep, 2008 12:00am
Asian bonds weaken

Asian bonds weaken

Asian bonds fell on Tuesday dragged down by worries about the effectiveness of Washington's $700 billion bailout plan and with rising oil prices also adding to inflationary concerns in the region.
Published 24 Sep, 2008 12:00am
Asian bonds weaken

Asian bonds weaken

Asian bonds fell on Tuesday dragged down by worries about the effectiveness of Washington's $700 billion bailout plan and with rising oil prices also adding to inflationary concerns in the region.
Published 24 Sep, 2008 12:00am
Indian shares slide

Indian shares slide

Indian shares fell 3.03 percent on Tuesday in nervous trade on concerns that the US government's bailout plan to help contain the financial crisis could be delayed, dealers said. Fears of inflationary pressures grew as crude oil prices held firm after Mon
Published 24 Sep, 2008 12:00am
Malaysian shares down

Malaysian shares down

Malaysian share prices fell 0.2 percent Tuesday due to Wall Street's overnight plunge and doubts over the US rescue plans for its troubled banking sector, dealers said. The Kuala Lumpur Composite Index lost 2.4 points to close at 1,026.18. Turnover was at
Published 24 Sep, 2008 12:00am
UK's top share index down 1.9 percent

UK's top share index down 1.9 percent

Britain's top share index ended down 1.9 percent on Tuesday, led by commodity stocks as metal and crude prices fell, and by banks on uncertainty over a proposed US package to rescue the financial sector. The FTSE 100 closed 100.1 points lower at 5,136.1,
Published 24 Sep, 2008 12:00am
Sindh plans to buy CCTV worth Rs one billion

Sindh plans to buy CCTV worth Rs one billion

Sindh government is planning to spend Rs 1 billion on the purchase of closed circuit television (CCTV) to be installed at various important points covering the whole Karachi, Capital City Police Officer (CCPO) Waseem Ahmed said on Tuesday.
Published 24 Sep, 2008 12:00am
ISPR clarifies news about reversion of army from civil departments

ISPR clarifies news about reversion of army from civil departments

A spokesman of ISPR has clarified a news item appearing in a section of press regarding reversion of military personnel from civil departments. The spokesman, elaborating details of reversion of Officers, Junior Commissioned Officers and Jawans posted in
Published 24 Sep, 2008 12:00am
Marriott Hotel attack: Fazl demands Rehman to resign

Marriott Hotel attack: Fazl demands Rehman to resign

Maulana Fazlur Rehman, Chairman Parliamentary Kashmir Committee and Chief of his own faction of Jamiat Ulema-e-Islama (JUI) has asked the government to bring the war on terror issue in Parliament and discuss the issue in the house to develop a consensus o
Published 24 Sep, 2008 12:00am
Ruling elite enjoying facilities beyond entitlement

Ruling elite enjoying facilities beyond entitlement

It is all about joyful ride and enjoyment of protocol for the acting president of Pakistan, Mohammedmian Soomro and other ruling elites of the country. Bombing or suicide attacks can not deter them from their hobby of using protocol and official facilitie
Published 24 Sep, 2008 12:00am
New York cotton futures settle lower

New York cotton futures settle lower

Cotton futures settled lower Tuesday on investment fund liquidation as weakness in other markets depressed fibre contracts as well, brokers said. The benchmark December cotton contract slumped 2.09 cents to close at 62.30 cents per lb, trading from 62 to
Published 24 Sep, 2008 12:00am
Copper tumbles four percent

Copper tumbles four percent

Copper tumbled almost 4 percent on Tuesday on profit-taking spurred by a firmer dollar and as investors worried about the impact of a planned $700-billion US financial bailout. Copper for delivery in three months on the London Metal Exchange closed at $6,
Published 24 Sep, 2008 12:00am
Oil falls 2.5 percent as bailout worries weigh

Oil falls 2.5 percent as bailout worries weigh

Oil prices fell 2.5 percent on Tuesday, reversing direction after Monday's dramatic rally as dealers focused on slowing global energy demand and doubts over a US plan to rescue the financial sector.
Published 24 Sep, 2008 12:00am
London sugar, coffee decline

London sugar, coffee decline

Coffee, sugar and cocoa futures fell with other commodities on profit-taking on Tuesday, weighed by doubts about a US bailout plan for financial markets. Robusta coffee futures were slightly down while the arabica market edged up as prices continued to tr
Published 24 Sep, 2008 12:00am
Gold slips in London

Gold slips in London

Gold fell on Tuesday as lower oil prices and a slightly firmer dollar prompted investors to cash in the previous session's gains. But with concerns remaining over the impact of the US government's proposed $700 bailout of the financial system, analysts sa
Published 24 Sep, 2008 12:00am
US MIDDAY: corn dips

US MIDDAY: corn dips

December corn was down 2 cents at $5.56-1/2 per bushel, March was down 1-3/4 at $5.74-1/2. Profit-taking setback after two-day rally; declines in crude oil and gold set the tone, along with a bounce in the dollar. US crop weather seen favourable. US cash
Published 24 Sep, 2008 12:00am
US MIDDAY: wheat eases

US MIDDAY: wheat eases

December wheat was down 1 cent at $7.36-3/4 per bushel, March was down 1 at $7.56-3/4. Choppy, turned lower on profit-taking after a two-day rally. Declines in crude oil and gold add pressure, along with firmer US dollar. USDA said exporters sold 116,000
Published 24 Sep, 2008 12:00am
US MIDDAY: soyabeans lower

US MIDDAY: soyabeans lower

November soyabean futures were down 22-1/4 cents at $11.82-3/4 per bushel, January was down 22-3/4 at $11.99-1/4. Profit taking weighs after Monday's strong rally that was led by safe-haven investing after the US government announced a planned $700 billio
Published 24 Sep, 2008 12:00am
US MIDDAY: copper drops

US MIDDAY: copper drops

Comex copper for December delivery was off 11.85 cents, or 3.6 percent, at $3.1365 a lb, near the bottom of its $3.1350 to $3.2920 trading range. Copper down in sympathy with the energy and precious metals markets, as investors seen taking profits in the
Published 24 Sep, 2008 12:00am
US MIDDAY: gold falls

US MIDDAY: gold falls

Gold futures dropped on Tuesday, retreating from the previous session's sharp gains as stabilising US stocks decreased gold's value as a trusted safe haven, traders said. December gold was down $5.10 at $903.90 an ounce on the Comex division of the New Yo
Published 24 Sep, 2008 12:00am
Essay writing competition being organised

Essay writing competition being organised

A nation-wide essay competition is being organised, Director of the Lahore-based National Museum of Science and Technology Sajid Anwar Malik stated this on Tuesday. The topic of the contest open to all is "How quality education for all is possible in view
Published 24 Sep, 2008 12:00am
Admissions finalised: DUHS starts MBBS, BDS session from September 29

Admissions finalised: DUHS starts MBBS, BDS session from September 29

Dow University of Health Sciences (DUHS) has finalised admissions to its MBBS and BDS Programmes-2008 and will hold introductory class for new entrants on September 29. DUHS Admission Programme Co-ordinator Dr Rana Qamar talking to newsmen said that regul
Published 24 Sep, 2008 12:00am
Marriott administration told to verify building stability

Marriott administration told to verify building stability

The Capital Development Authority (CDA) Tuesday asked Hashoo Hotels (Pvt) Limited to get verified the soundness and stability of the structure of Marriott Hotel building damaged by the suicide blast. According to a notification issued by CDA, the hotel ad
Published 24 Sep, 2008 12:00am
6,860 seats reserved under government Haj scheme

6,860 seats reserved under government Haj scheme

A Spokesman of the Ministry of Religious Affairs, Zakat and Ushr has said that as per Haj Policy - 2008, only 6,860 seats have been reserved against various quotas under the government Haj scheme. Quotas for the members of Parliamentarians (MNAs/Senators)
Published 24 Sep, 2008 12:00am
Work on first IT Park at SSUET starts

Work on first IT Park at SSUET starts

Work has started on the setting up of Pakistan's first Information Technology Park to be constructed on 200 acres of land by Sir Syed University of Engineering and Technology (SSUET) in the Education City, where land has also been allotted to reputed inst
Published 24 Sep, 2008 12:00am
Mirwaiz welcomes consensus over trans-LoC trade

Mirwaiz welcomes consensus over trans-LoC trade

In occupied Kashmir, the Chairman of All Parties Hurriyat Conference, Mirwaiz Umar Farooq has welcomed consensus between Pakistan and India over initiating trade across Line of Control. Mirwaiz Umar Farooq was talking to newsmen in Srinagar.
Published 24 Sep, 2008 12:00am
Creek Vistas Project: DHA holds meeting with consultant, contractors

Creek Vistas Project: DHA holds meeting with consultant, contractors

A meeting to review the progress of Defence Housing Authority (DHA) Creek Vistas project, located astride the Arabian Sea in DHA Phase-VIII, was held at DHA Main Office here on Tuesday. The meeting chaired by DHA Administrator Brigadier Khalid Tirmizi was
Published 24 Sep, 2008 12:00am
Erra to construct 50-bed hospitals in Abbottabad, Muzaffarabad

Erra to construct 50-bed hospitals in Abbottabad, Muzaffarabad

The Earthquake Rehabilitation and Reconstruction Authority (Erra) has finalised a plan to construct two hospitals in Abbottabad and Muzarrafabad having capacity of 50 bed each. Director Health Sector Erra Lieutenant Colonel Dr Usman Jilani on Tuesday told
Published 24 Sep, 2008 12:00am
Sessi spent over Rs 3.419 million on benefits to workers in August

Sessi spent over Rs 3.419 million on benefits to workers in August

The Sindh Employees Social Security Institution (Sessi) spent over Rs 3.419 million on providing medical and financial benefits to its registered workers during August 2008. Of the total amount involved, Rs 1.102 million was paid as sickness expenses, and
Published 24 Sep, 2008 12:00am
Agriculture sector faces urea shortage

Agriculture sector faces urea shortage

Agriculture sector is facing acute shortage of urea fertilisers and dealers are selling it on inflated rates, which would affect the production of crops particularly sugarcane. "Urea is important for growth of crops and its shortage would have bad impact
Published 24 Sep, 2008 12:00am
Country cannot be handed over to terrorists: Haqqani

Country cannot be handed over to terrorists: Haqqani

Pakistan's ambassador to the United States, Hussain Haqqani has said that there is a need to further enhance country's image to handle the unusual situation. Talking to private news channel's programme "Second opinion" Haqqani highlighted that the country
Published 24 Sep, 2008 12:00am
Zardari to plead Pakistan's case at UNGA: Sherry

Zardari to plead Pakistan's case at UNGA: Sherry

Information Minister Sherry Rehman on Tuesday said President Asif Ali Zardari would plead Pakistan's case at the United Nations and apprise the world community about the critical situation it was facing while tackling violent extremism.
Published 24 Sep, 2008 12:00am
Zardari, Bush meeting: Sherry not rule out discussion on ISI issue

Zardari, Bush meeting: Sherry not rule out discussion on ISI issue

Minister for Information and Broadcasting Sherry Rehman has not ruled out the possibility of discussion on the issue of Inter Services Intelligence (ISI) during one-to-one meeting between President Asif Ali Zardari and President George W. Bush.
Published 24 Sep, 2008 12:00am
Time for quick decisions

Time for quick decisions

Now that the democratic government is in place, it is time to address the multitude of problems faced by the nation. First and foremost is to address the problems of the people of FATA, many of whom have, in the garb of Taliban, raised their arms and agai
Published 24 Sep, 2008 12:00am
Surin Pitsuwan: ASEAN's 'man of passion'

Surin Pitsuwan: ASEAN's 'man of passion'

Surin Pitsuwan can quote from both the Quran and English poetry, in the same speech. The self-professed "cheerleader in chief of ASEAN" at times sounds like a preacher, and his outspoken style may seem at odds with the 41-year-old history of the Associati
Published 24 Sep, 2008 12:00am
Good Morning: Marriott: What next?

Good Morning: Marriott: What next?

I am thinking of the Marriott blast and a montage of images stream through the mind, and vast canvases of stunning questions surface: What next? It is ostensibly not just a matter of living with terror now, as an integral part of our lives, but also copin
Published 24 Sep, 2008 12:00am
A Samurai's Confessions: US presidential elections and federalism

A Samurai's Confessions: US presidential elections and federalism

The United States presidential election day is only six weeks away. We have various weekly poll results published every three days or so, all indicating how close the race could be between the two main contenders. Focusing on the poll results alone is not
Published 24 Sep, 2008 12:00am
Use of technology to combat frauds

Use of technology to combat frauds

According to a recent Recorder Report from Islamabad, elimination of misuse of exemptions and concessions on clearance of imported consignments under the Pakistan Customs Computerised System (PCCS), as made possible from the withdrawal of powers of
Published 24 Sep, 2008 12:00am
Pakistan has a strong case for FTA

Pakistan has a strong case for FTA

In his meeting on Tuesday with Jack Straw, Britain's Law and Justice Secretary, who is more familiar with the problems facing Pakistan from his previous stint as foreign secretary, Prime Minister Yousuf Raza Gilani sought London's help for his government'
Published 24 Sep, 2008 12:00am
Another jolt to the economy

Another jolt to the economy

Troubles never come alone is a well known proverb. Together with a series of adverse economic developments comes the news that Pakistan's cotton output during 2008-09 is likely to be less than 12 million bales, falling substantially short of the target of
Published 24 Sep, 2008 12:00am
Francis Gurry appointed as Wipo director general

Francis Gurry appointed as Wipo director general

The General Assembly of the World Intellectual Property Organisation (Wipo) appointed Francis Gurry, as Wipo Director General for a six-year term. A Wipo communication here on Tuesday said the term of Director General-elect begins on October 1 and runs th
Published 24 Sep, 2008 12:00am
Human rights advocates cry foul over Janjua's visa revocation

Human rights advocates cry foul over Janjua's visa revocation

Human rights advocates called on the US government to reconsider the visa revocation of a respected Pakistani rights defender, in a letter from Human Rights Watch to Homeland Security chief Michael Chertoff released on Monday.
Published 24 Sep, 2008 12:00am
Mehfil-e-Nazool-Quran organised at government college university

Mehfil-e-Nazool-Quran organised at government college university

Director Khana-e -Farhang Iran Abdul Razza Abbasi has said that the Holy month of Ramadan has provided an opportunity to the Muslims to seek Gods blessings. He was speaking on the Mehfil-e-Nazool-Quran organised by Department of Persian Language and Liter
Published 24 Sep, 2008 12:00am
Measures to control adulteration in pesticides reviewed

Measures to control adulteration in pesticides reviewed

Punjab government is making all out efforts to provide quality pesticides to the farmers and elimination of menace of adulteration. This was stated by the Chairman Task Force on Agriculture, Colonel Shuja Khanzada (Retd) while presiding over a meeting her
Published 24 Sep, 2008 12:00am
Qureshi, Spanta discuss Afghan envoy's abduction

Qureshi, Spanta discuss Afghan envoy's abduction

Foreign Minister Makhdoom Shah Mahmood Qureshi on Tuesday spoke to his Afghan counterpart Dr Rangin Dadfar Spanta in New York on the kidnapping of Abdul Khaliq Farahi, Consul General of Afghanistan in Peshawar and the Ambassador-designate to Pakistan.
Published 24 Sep, 2008 12:00am
Private hospitals in Islamabad fleece people at will

Private hospitals in Islamabad fleece people at will

In the absence of the proper check and balance, the private sector hospitals are also fleecing people at will, making the life of common man more difficult. Talking to Business Recorder on Tuesday, well-placed sources said that a number of private
Published 24 Sep, 2008 12:00am
NWFP revives independent status of transport department

NWFP revives independent status of transport department

The provincial government of NWFP has revived the status of full-fledged department for transport related matters in the province. In the past the department was merged with the department of environment working as subsidiary wing of the former. The decis
Published 24 Sep, 2008 12:00am
Joint Pak-Afghan parliamentary group visits Germany

Joint Pak-Afghan parliamentary group visits Germany

A joint Afghanistan-Pakistan parliamentary group has recently visited Germany for one week (September 15-22) on the invitation of the Federal Foreign Office of Germany. The Embassy of the Federal Republic of Germany on Tuesday announced that Germany conti
Published 24 Sep, 2008 12:00am
'Parade Ground' project a bone of contention between government, CDA

'Parade Ground' project a bone of contention between government, CDA

The Parade Ground project, to cost Rs 433.133 million, has become a bone of contention between the Capital Development Authority (CDA) and the Federal Government. Talking to Business Recorder on Tuesday, official sources said that both parties have
Published 24 Sep, 2008 12:00am
Rape culprits to be brought to justice: Naek

Rape culprits to be brought to justice: Naek

The government will show zero tolerance on the incidents of rape and will leave no stone unturned in bringing the culprits to justice, said Federal Minister for Law and Justice Farooq H. Naek, here on Tuesday. The minister discussed the progress in invest
Published 24 Sep, 2008 12:00am
IESCO issues shut down programme

IESCO issues shut down programme

Islamabad Electricity Supply Company (IESCO) has announced that the power supply will remain suspended due to construction/ maintenance work at few places of Islamabad and Rawalpindi. According to an IESCO press release issued on Tuesday, power supply wil
Published 24 Sep, 2008 12:00am
Irsa releases 178,061 cusecs water

Irsa releases 178,061 cusecs water

Indus River System Authority (Irsa) on Monday released 178,061 cusecs water from various rim stations. According to Irsa, an overall water inflow from various reservoirs was recorded at 103,126 cusecs. Water level at Tarbela Dam was recorded at 1504.16 fe
Published 24 Sep, 2008 12:00am
'Pakistan facing economic, security problems'

'Pakistan facing economic, security problems'

The foreign exchange reserves of Pakistan are declining due to the poor economic policies of the previous government, Senator Talha Mehmood, Chairman of the Senate Standing Committee on Interior said here on Tuesday.
Published 24 Sep, 2008 12:00am
Low-cost houses, flats: two MoUs signed with German, Canadian firms

Low-cost houses, flats: two MoUs signed with German, Canadian firms

German and Canadian construction companies have signed two Memoranda of Understanding (MoUs) to construct 200,000 low-cost houses/flats in major cities of the country under Prime Minister's housing scheme. Under the MOU, the two construction companies wil
Published 24 Sep, 2008 12:00am
Minister warns elements using undemocratic tactics

Minister warns elements using undemocratic tactics

Punjab Finance, Planning and Development Minister Tanveer Ashraf Kaira has said that the government is facing various challenges in internal and external fronts, but the government, with the support of people, will overcome these challenges. Talking to a
Published 24 Sep, 2008 12:00am
Comprehensive strategy adopted for better transport facilities: Shahbaz

Comprehensive strategy adopted for better transport facilities: Shahbaz

Punjab Chief Minister Muhammad Shahbaz Sharif said on Tuesday the government has adopted a comprehensive strategy for providing better transport facilities to masses and in addition to import of CNG buses, local buses would also be used for this purpose.
Published 24 Sep, 2008 12:00am
SHC stays illegal demolition and dispossession

SHC stays illegal demolition and dispossession

A division bench of High Court of Sindh (SHC) comprising Justice Munib Ahmed Khan and Justice Dr Rana M. Shamim on Tuesday stayed the alleged illegal demolition of shops and dispossession of the two shop keepers by the owner lady and issued notices to res
Published 24 Sep, 2008 12:00am
Iqbal Farid's mother dies

Iqbal Farid's mother dies

Mother of former CBR chief Mian Iqbal Farid died on Tuesday after a brief illness. She will be buried in Race Course graveyard, Rawalpindi, after Zohr prayers on Wednesday (today).
Published 24 Sep, 2008 12:00am
Strategy evolved to promote small, medium industries

Strategy evolved to promote small, medium industries

The Punjab government has evolved comprehensive strategy for promoting small and medium size industries, which would result in generating of new job opportunities as well as alleviating poverty. Chairman, Chief Minister Task Force, Industries Development
Published 24 Sep, 2008 12:00am
Document of 'Livestock Support Services Project-IV' finalised

Document of 'Livestock Support Services Project-IV' finalised

Punjab Livestock and Dairy Development Department has finalised the project document of 'Livestock Support Services Project-IV' worth Rs 590 million aimed at providing veterinary services to livestock farmers at Union Council level.
Published 24 Sep, 2008 12:00am
The Weather

The Weather

The weather report on Tuesday (September 23, 2008) and the forecast for Wednesday (September 24, 2008).

Published 24 Sep, 2008 12:00am
Oracle to host 'Empowering the green enterprise' awards

Oracle to host 'Empowering the green enterprise' awards

Oracle will host "Empowering the Green Enterprise" awards to recognise Oracle customers and partners who are using Oracle's products to reduce their costs, improve their business efficiencies and measure their sustainability efforts through green business
Published 24 Sep, 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 24 Sep, 2008 12:00am
'Shahbaz focusing on agriculture, industrial sectors growth'

'Shahbaz focusing on agriculture, industrial sectors growth'

The Punjab government is trying to exploit its huge industrial and agriculture potential to steer the country out of present economic crisis in a professional way and the days are not very far when the people will witness revolution in industrial and agri
Published 24 Sep, 2008 12:00am
Transfers and postings of four AD&SJ

Transfers and postings of four AD&SJ

The Chief Justice of the Lahore High Court (LHC) has made transfer and posting among four Additional District and Sessions Judges (AD&SJ). According to a notification issued here on Tuesday AD&SJ Sadaqatullah Khan has been transferred from Lahore to Layya
Published 24 Sep, 2008 12:00am
Pacra maintains MAM ratings

Pacra maintains MAM ratings

The Pakistan Credit Rating Agency (Pacra) has maintained the long-tern and short-term entity ratings of Modaraha Al Mali (MAM) at A- (single A minus) and A2 (A two) respectively, says a press release. These ratings denote a low expectation of credit risk
Published 24 Sep, 2008 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (September 23, 2008).

Published 24 Sep, 2008 12:00am
Pacra maintains MAM ratings

Pacra maintains MAM ratings

The Pakistan Credit Rating Agency (Pacra) has maintained the long-tern and short-term entity ratings of Modaraha Al Mali (MAM) at A- (single A minus) and A2 (A two) respectively, says a press release. These ratings denote a low expectation of credit risk
Published 24 Sep, 2008 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (September 23, 2008).

Published 24 Sep, 2008 12:00am
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