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Nov 26, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2008-10-01
Iran escapes global market turmoil

Iran escapes global market turmoil

Privatisations and increased company profits have helped to push up Iran's stock market, its head said on Tuesday, despite global financial turmoil and international sanctions imposed on the Islamic Republic.
Published 01 Oct, 2008 12:00am
Gurkhas win legal battle to settle in Britain

Gurkhas win legal battle to settle in Britain

Former Gurkha soldiers from Nepal won the right to settle in Britain on Tuesday, in what their lawyers hailed as an "historic victory" for the veteran fighters. Ending a two-year legal battle, the High Court in London ruled in favour of them in a test cas
Published 01 Oct, 2008 12:00am
South Africa's ruling party denies split after Mbeki

South Africa's ruling party denies split after Mbeki

South Africa's ruling ANC denied on Tuesday that it was about to split into rival factions after the leader of the richest province resigned in protest at the ousting of President Thabo Mbeki.
Published 01 Oct, 2008 12:00am
Police probe eBay sale of MI6 camera

Police probe eBay sale of MI6 camera

Britain's MI6 intelligence service is investigating how a camera holding sensitive information about al Qaeda suspects came to be lost by one of its agents, Hertfordshire Police said on Tuesday. Media reports said the Nikon digital camera was put up for s
Published 01 Oct, 2008 12:00am
Three US-led soldiers killed in Afghanistan

Three US-led soldiers killed in Afghanistan

Three soldiers from a US-led coalition force in Afghanistan have been killed in a blast in the south of the country, the US military said on Tuesday. Violence has surged in Afghanistan this year with about 3,000 people, at least 1,000 of them civilians, k
Published 01 Oct, 2008 12:00am
One killed in Indian religious clashes

One killed in Indian religious clashes

One woman was killed and more than a dozen people injured, some critically, after religious clashes in eastern India between Hindus and Christians, officials said. Violence broke out at a village in Orissa's Kandhamal district after Hindus attacked Christ
Published 01 Oct, 2008 12:00am
Sterling hits 11-day high versus euro

Sterling hits 11-day high versus euro

Sterling hit an almost two-week high against the euro on Tuesday, as the single currency fell prey to strong US data and investors pricing in the spread of the housing and banking sector crisis in mainland Europe. Dealers also noted hefty selling of euros
Published 01 Oct, 2008 12:00am
Dollar rallies versus yen in London

Dollar rallies versus yen in London

The dollar jumped 1 percent against the yen on Tuesday, as shock at the failure of the US Congress to approve a $700 billion bank bailout plan gave way to cautious optimism that a deal may yet be reached. Talk that US lawmakers may reach some kind of agre
Published 01 Oct, 2008 12:00am
European credit spreads tighten

European credit spreads tighten

European credit spreads tightened on Tuesday as stocks rebounded a day after a shock rejection of the planned $700 billion US financial sector bailout plan sent shares tumbling. By 1546 GMT, the investment-grade Markit iTraxx Europe index was at 118 basis
Published 01 Oct, 2008 12:00am
European credit spreads tighten

European credit spreads tighten

European credit spreads tightened on Tuesday as stocks rebounded a day after a shock rejection of the planned $700 billion US financial sector bailout plan sent shares tumbling. By 1546 GMT, the investment-grade Markit iTraxx Europe index was at 118 basis
Published 01 Oct, 2008 12:00am
Tuesday's midday trade: US market claws back on bailout revival hopes

Tuesday's midday trade: US market claws back on bailout revival hopes

US stocks on Tuesday clawed back from Wall Street's worst slide in more than 20 years, as investors bet that Washington would still pass a plan to stabilise the US financial sector despite Monday's defeat. The day after House members rejected the proposed
Published 01 Oct, 2008 12:00am
Philippines shares slip

Philippines shares slip

Philippines share prices closed 1.4 percent lower on Tuesday, but off the day's low, following the collapse of the deal for a Wall Street bailout package, dealers said. The composite index fell 37.93 points to 2,569.65 after plunging six percent at the op
Published 01 Oct, 2008 12:00am
Asian bond spreads widen; South Korea debt suffers

Asian bond spreads widen; South Korea debt suffers

The cost of protection against a default in Asian debt surged on Tuesday after US lawmakers rejected a $700 billion bailout plan for the financial industry, depriving credit markets of a much needed dose of confidence. The difference between bids and offe
Published 01 Oct, 2008 12:00am
Asian bond spreads widen; South Korea debt suffers

Asian bond spreads widen; South Korea debt suffers

The cost of protection against a default in Asian debt surged on Tuesday after US lawmakers rejected a $700 billion bailout plan for the financial industry, depriving credit markets of a much needed dose of confidence. The difference between bids and offe
Published 01 Oct, 2008 12:00am
Indian shares rise

Indian shares rise

Indian shares rose 2.1 percent on bargain hunting on Tuesday after slipping more than 3.5 percent in early dealings following rejection by US lawmakers of a financial bailout plan. The BSE benchmark 30-share Sensex index rose 264.68 points or 2.1 percent
Published 01 Oct, 2008 12:00am
FTSE ends 1.7 percent higher

FTSE ends 1.7 percent higher

Britain's top share index ended 1.7 percent higher on Tuesday on hopes US lawmakers would revive a $700 billion bank rescue plan, after earlier posting its biggest monthly decline in 21 years. The FTSE 100 ended 83.7 points higher at 4,902.5, after hittin
Published 01 Oct, 2008 12:00am
Biofuels to cut US, Brazil soyaoil sales

Biofuels to cut US, Brazil soyaoil sales

Soyoil exports by the US and Brazil are likely to be substantially cut in the coming months due to increased domestic biofuel production in the two countries, Hamburg-based oilseeds analysts Oil World said on Tuesday. A reduction in US and Brazilian expor
Published 01 Oct, 2008 12:00am
Copper hits 18-month low

Copper hits 18-month low

Copper hit an 18-month low on Tuesday before trimming losses as recession fears grew after the US Congress voted down a rescue plan for troubled banks. Talk that Congress may reach some kind of deal by the end of the week and speculation that central bank
Published 01 Oct, 2008 12:00am
Oil rises $4 on US bailout hopes

Oil rises $4 on US bailout hopes

Oil rose more than $4 on Tuesday to above $100 a barrel as expectations US lawmakers would pass a financial stability plan boosted global markets. The US House of Representatives rejected the $700 billion bailout plan on Monday, sending oil and other mark
Published 01 Oct, 2008 12:00am
US gold jumps

US gold jumps

US gold futures jumped as much as 2.8 percent on Monday as investors flocked to gold as a safe haven amid heavy losses in global markets, and as Germany's central bank said it will hold on to the vast bulk of its gold reserves in the next 12 months.
Published 01 Oct, 2008 12:00am
US wheat growers skittish in seeding winter crop

US wheat growers skittish in seeding winter crop

As seeding of the new US winter wheat crop hits full stride, a combination of high fertiliser prices and a slump in wheat prices was expected to translate to lower US winter wheat production for 2009. "I think we'll have less wheat than last year," said O
Published 01 Oct, 2008 12:00am
London coffee, sugar fall

London coffee, sugar fall

Coffee and sugar futures fell on investment fund liquidation and origin selling on Tuesday after the US Congress rejected a $700-billion plan to bail out Wall Street banks. Robusta coffee futures fell to the lowest level in more than eight months as turmo
Published 01 Oct, 2008 12:00am
US sugar down

US sugar down

Raw sugar futures were hit by heavy investment fund sales to end sharply lower on Monday as players were mulling the rejection by the US Congress of a $700 billion bank rescue plan for toxic debt, brokers said.
Published 01 Oct, 2008 12:00am
US soy futures hit nine-month low

US soy futures hit nine-month low

US soybean futures on the Chicago Board of Trade closed down the 70-cent limit, down 6 percent to a nine-month low on Monday on the mounting credit crisis after lawmakers rejected a $700 billion financial-sector bailout plan, traders said.
Published 01 Oct, 2008 12:00am
Gold, precious metals slip in London

Gold, precious metals slip in London

Gold slipped by more than 2 percent on Tuesday as a firmer dollar and a calmer tone to stocks encouraged profit-taking, while the other precious metals tumbled in its wake. Spot gold was quoted at $879.80/881.80 at 1344 GMT against $903.25 an ounce at the
Published 01 Oct, 2008 12:00am
NGO develops project to prepare animal feed

NGO develops project to prepare animal feed

Organic waste like vegetable and fruit peels are now being converted into animal feed in a clean and hygienic manner. This was stated by Nargis Latif of Gulbahao, an NGO, which has developed the project relating to animal feed, called "Choora Chara."
Published 01 Oct, 2008 12:00am
Farmers hail raise in wheat support price

Farmers hail raise in wheat support price

Farmers organisations have welcomed the announcement of increase in wheat support price to Rs 950 per 40 Kg and termed it wise, accurate and timely step in the larger interest of the country. They said that this decision would not only help cover expendit
Published 01 Oct, 2008 12:00am
New JICA to become second largest aid agency after World Bank

New JICA to become second largest aid agency after World Bank

Japan International Cooperation Agency (JICA) and the Overseas Economic Cooperation (OEC)operation of Japan Bank for International Cooperation (JBIC) are merging into New JICA on Wednesday (today). New JICA will be able to provide technical loan - Officia
Published 01 Oct, 2008 12:00am
Subsidy on flour only for Ramazan: Shahbaz

Subsidy on flour only for Ramazan: Shahbaz

Punjab Chief Minister Shahbaz Sharif here on Tuesday speaking at Lahore Airport on return from Jeddah said that subsidy given by his government on flour was only for the month of Ramazan, however, his government would endeavour that 'Roti' remained availa
Published 01 Oct, 2008 12:00am
8,000 cops to perform security duty on Eid

8,000 cops to perform security duty on Eid

Over 8000 police officers and cops would be on security duties at all Masajid, Imambargahs, Eidgahs, shopping centres, and other important bazars as part of extraordinary security measures taken on the occasion of Eidul Fitr on the directive of Sindh Home
Published 01 Oct, 2008 12:00am
PHA restrained from removing billboards

PHA restrained from removing billboards

The Lahore High Court (LHC) has restrained Parks and Horticulture Authority (PHA) from removing billboards of an outdoor advertising company and sought reply from it till October 8 in the petition.
Published 01 Oct, 2008 12:00am
Criminal case registration against SI, ASI of CIA ordered

Criminal case registration against SI, ASI of CIA ordered

The Lahore High Court (LHC) has ordered registration of a criminal case against a Sub-inspector, Assistant Sub-inspector and a constable of CIA Staff Cantt for keeping four brothers in their illegal detention and misbehaving with the court bailiff.
Published 01 Oct, 2008 12:00am
Comprehensive security plan being devised to maintain peace: Wasan

Comprehensive security plan being devised to maintain peace: Wasan

Sindh Minister for Works and Services Manzoor Hussain Wassan has said that a comprehensive and efficient security plan was being devised by provincial government to maintain law & order situation in the province. He said that visible results of government
Published 01 Oct, 2008 12:00am
SCCI chief calls to enhance SMEs capability

SCCI chief calls to enhance SMEs capability

President Sialkot Chamber of Commerce and Industry (SCCI) Dr Khurram Anwar Khawaja has said that small and medium enterprises (SMEs) sector was playing an instrumental role in generating industrial employment and contributing to the GDP in country.
Published 01 Oct, 2008 12:00am
Information Ministry

Information Ministry

In a democratic system of government, it is immensely essential to run the government in accordance with the aspirations of the people. For this it is necessary that the Ministry of Information should concentrate its attention in collecting views of the p
Published 01 Oct, 2008 12:00am
Financial crime

Financial crime

America will survive the present day financial crisis. But for how long! The hidden weaknesses in the current capitalist financial systems have suddenly surfaced. Looking at the current crisis one can observe how the overnight billionaires have found it v
Published 01 Oct, 2008 12:00am
China, a lifelong friend of Pakistan

China, a lifelong friend of Pakistan

The Peoples Republic of China is going to celebrate its 59th birthday this Wednesday, 1st of October 2008, which will mark the two golden weeks in the country. China gained its independence when the Central Peoples Government passed the resolution on Dece
Published 01 Oct, 2008 12:00am
Good Morning: bidding farewell to Ramazan

Good Morning: bidding farewell to Ramazan

As we bid farewell to the holy month of Ramazan 1429 (September 2008), it is almost obligatory that one ask the question, candidly and courageously, whether Ramazan made any difference to our life. Or what difference did this majestic month make to our li
Published 01 Oct, 2008 12:00am
George W. Bush's Black Swan: the nationalisation of US financial sector

George W. Bush's Black Swan: the nationalisation of US financial sector

The Bush administration asked Congress on September 20, 2008 for $700 billion to bail out firms burdened with bad mortgage debt, seeking extraordinary unfettered authority for Treasury Secretary Henry Paulson as he tackles the worst financial crisis since
Published 01 Oct, 2008 12:00am
Need for a value-oriented education policy

Need for a value-oriented education policy

The Senate Standing Committee on Education, in its meeting the other day, demanded immediate appointment of Federal Minister for Education. It would really stand to reason that in the absence of a fully-fledged Education Minister many may start doubting t
Published 01 Oct, 2008 12:00am
Three militants killed in Orakzai Agency

Three militants killed in Orakzai Agency

At least three pro-Taliban militants were killed and one was arrested in a clash between Tribal Lashkar and local Taliban in Feroz Khel area of Orakzai Agency on Tuesday.
Published 01 Oct, 2008 12:00am
'Hydel power potential of NWFP enough to overcome energy crisis'

'Hydel power potential of NWFP enough to overcome energy crisis'

The country is blessed with an enormous hydropower and the prevailing energy crisis could be overcome by exploiting the resources properly. Managing Director Sarhad Hydel Development Organisation (SHYDO), Engr S Ishtiaq Hussain Shah expressed his views he
Published 01 Oct, 2008 12:00am
Friends of PIA announces panel

Friends of PIA announces panel

Friends of PIA on Tuesday announced its panel for the elections for senior staff association PIA.
Published 01 Oct, 2008 12:00am
'Conservative Friends of Pakistan Group' launched

'Conservative Friends of Pakistan Group' launched

Appreciating the launching of Conservative Friends of Pakistan group in the British parliament, the Shadow Foreign Secretary William Hague said this assemblage would go a long way in further cementing the ties between the two countries.
Published 01 Oct, 2008 12:00am
'Pakistan's image in USA improved'

'Pakistan's image in USA improved'

Pakistan Peoples Party (PPP) MNA Dr Firdous Ashiq Awan has said that the impression about Pakistan has improved very much in USA. Talking to PTV the PPP leader said that during the recent visit of President Asif Ali Zardari and the women parliamentarians
Published 01 Oct, 2008 12:00am
Iesco declares load shedding on Eid holidays

Iesco declares load shedding on Eid holidays

The Islamabad Electricity Supply Company (Iesco) has announced load shedding during Eid holidays in urban and rural areas. According to Iesco statement issued on Tuesday, the demand for electricity has been increased with rising temperature and less hydel
Published 01 Oct, 2008 12:00am
KCCI hails decision to extend IT returns date

KCCI hails decision to extend IT returns date

The leadership of Karachi Chamber of Commerce and Industry (KCCI) has expressed their satisfaction over the decision of Federal Board of Revenue (FBR) to extend the last date up to October 31, 2008 for filing of Income Tax Returns.
Published 01 Oct, 2008 12:00am
Pervaiz Malik becomes LABARD president

Pervaiz Malik becomes LABARD president

The governing body of the Lahore Businessmen Association for Rehabilitation of Disabled (LABARD) on Tuesday unanimously elected former MNA Mohammad Pervaiz Malik as its President.
Published 01 Oct, 2008 12:00am
Packed milk safe for health: UVAS

Packed milk safe for health: UVAS

Packed milk is better than the loose milk available in the market, claims Quality Control Laboratory of the University of Veterinary and Animal Science (UVAS), Lahore, after conducting test to examine the quality of both type of milk available in the mark
Published 01 Oct, 2008 12:00am
Eid-ul-Fitr: price-hike makes shopping difficult for middle class

Eid-ul-Fitr: price-hike makes shopping difficult for middle class

Eid-ul-Fitr has special significance in the life of every Muslim, which is celebrated by both rich and poor with great enthusiasm after fasting for one month. They specially save throughout the year to spend on this special occasion.
Published 01 Oct, 2008 12:00am
Asia to become economic powerhouse by next decade

Asia to become economic powerhouse by next decade

Pakistan Economy Watch has said that only regional cooperation can provide relief to 500 million poor living in South Asia. Political differences, if set aside, will spur new era of growth and Pakistan will reap dividends as Asia will be world's centre of
Published 01 Oct, 2008 12:00am
Afghan envoy not yet recovered: NWFP IGP

Afghan envoy not yet recovered: NWFP IGP

NWFP Inspector General of Police Malik Naveed Khan has denied to have any knowledge about the recovery of Afghan ambassador-designate to Pakistan Abdul Khaliq Farahi. Talking to a private TV channel, the IGP said he was in contact with Farahis family, and
Published 01 Oct, 2008 12:00am
Call to give Zakat, Fitrana to deserving people

Call to give Zakat, Fitrana to deserving people

Central Finance Secretary, PML-N, Muhammad Pervez Malik, on Tuesday called upon well off people of the society and asked them to share Eid felicities with the needy people by helping them. He said Islam teaches to help poor and destitute, and rich people
Published 01 Oct, 2008 12:00am
Chaotic situation in country mars Eid festivities

Chaotic situation in country mars Eid festivities

Head of Jamat-e-Islami (JI), Qazi Hussain Ahmad, expressed his grave concerns over the chaotic situation across the country, which has continued during the whole holy month of Ramazan, moreover he said that no religious fervour is being observed this year
Published 01 Oct, 2008 12:00am
Gul Ahmed declares 10 percent dividend

Gul Ahmed declares 10 percent dividend

Gul Ahmed has posted a profit after tax of Rs 102.838 million for the year 2007-08 and announced a 10 percent cash dividend. According to financial results of the company despatched to Karachi Stock Exchange here on Tuesday, the gross profit was estimated
Published 01 Oct, 2008 12:00am
Gul Ahmed declares 10 percent dividend

Gul Ahmed declares 10 percent dividend

Gul Ahmed has posted a profit after tax of Rs 102.838 million for the year 2007-08 and announced a 10 percent cash dividend. According to financial results of the company despatched to Karachi Stock Exchange here on Tuesday, the gross profit was estimated
Published 01 Oct, 2008 12:00am
Eid package for employees

Eid package for employees

Punjab Minister for Auqaf and Religious Affairs, Haji Ehsan Uddin Qureshi distributed "Eid Package" among employees, announced by the chief minister of Punjab. He gave away cash awards to the officials of scale 1 to 9 of Wasa and the district government a
Published 01 Oct, 2008 12:00am
Principal dismissed

Principal dismissed

Secretary, Punjab School Education, Nadeem Ashraf, has dismissed Riaz Ahmad, Principal Government Higher Secondary School, district Kasur, from his service on the charge of misconduct.
Published 01 Oct, 2008 12:00am
Punjab government to spend Rs 11.3 billion on irrigation system

Punjab government to spend Rs 11.3 billion on irrigation system

Punjab government is spending Rs 11.3 billion during current fiscal period on the improvement of irrigation system in the Province. Official sources told Business Recorder here Tuesday that under the programme 37,000 kilometres long irrigation netw
Published 01 Oct, 2008 12:00am
ZTBL set to achieve Rs 72 billion lending target

ZTBL set to achieve Rs 72 billion lending target

Zarai Taraqqiati Bank Limited (ZTBL), a major source of institutional credit for agriculture sector, is poised to achieve its lending target of Rs 72 billion through its various new initiatives.
Published 01 Oct, 2008 12:00am
ZTBL set to achieve Rs 72 billion lending target

ZTBL set to achieve Rs 72 billion lending target

Zarai Taraqqiati Bank Limited (ZTBL), a major source of institutional credit for agriculture sector, is poised to achieve its lending target of Rs 72 billion through its various new initiatives.
Published 01 Oct, 2008 12:00am
ITP prepares plan for smooth flow of traffic on Eid

ITP prepares plan for smooth flow of traffic on Eid

The Islamabad Traffic Police (ITP) have chalked out a comprehensive plan to make sure the smooth flow of traffic on 'Chand Raat' and 'Eidul Fitr'. They have increased the duties of officials in markets, shopping centres, mosques and public places.
Published 01 Oct, 2008 12:00am
Rangers called in to beef up security

Rangers called in to beef up security

The Interior Ministry has called in Rangers to reinforce the Capital Police and other law-enforcement agencies to maintain law and order on the occasion of Eid-ul-Fitr. Rangers, along-with Islamabad Police, have taken charge of security and started checki
Published 01 Oct, 2008 12:00am
Government sets up management board for BISP

Government sets up management board for BISP

The federal government with the approval of Prime Minister Yousaf Raza Gilani has set up a Management Board for Benazir Income Support Programme (BISP). The minister/minister of state will be chairman of the Board while Ms Shahnaz Wazir Ali, MNA, will be
Published 01 Oct, 2008 12:00am
Warid launch new services

Warid launch new services

Warid Telecom has recently launched two new Value Added Services in response to their customer's popular demand - 'Gup Lagao, Dost Banao' and the 'Warid Fun Store'.
Published 01 Oct, 2008 12:00am
Al-Mustafa Society distributes ration, clothes

Al-Mustafa Society distributes ration, clothes

Al-Mustafa Welfare Society had distributed monthly ration and pair of clothes, worth Rs 1.7 million among 300 needy families of Orangi Town, Malir, Shah Faisal Colony, Korangi and slums around Gulshan-e-Iqbal during the month of Ramzan.
Published 01 Oct, 2008 12:00am
Rich wheat crop likely due to raise in support price

Rich wheat crop likely due to raise in support price

A handsome increase in the official support price of wheat, from Rs 650 to 950, announced by the government will greatly benefit the farmers as they will get the due return. This was stated by Member National Assembly (MNA) Javed Iqbal Warraich while talk
Published 01 Oct, 2008 12:00am
Anti-tuberculosis awakening programme winds up

Anti-tuberculosis awakening programme winds up

Anti-tuberculosis awakening programme has been wound up due to paucity of funds, said a source in the health department on Tuesday. The anti-TB programme entitled "Anti-TB awakening drive programme global round-6" was being run with the assistance of Worl
Published 01 Oct, 2008 12:00am
Government urged to focus on increasing agriculture output

Government urged to focus on increasing agriculture output

Pakistan Crop Protection Association (PCPA) Chairman Engr. Javed Saleem Qureshi said that at the moment the issue within the country is not of counterfeited pesticides but of increasing the production of our crops, adding the government should pay attenti
Published 01 Oct, 2008 12:00am
Government committed to welfare, security of senior citizens: Hoti

Government committed to welfare, security of senior citizens: Hoti

Federal Social Welfare and Special Education Minister Nawabzada Muhammad Khan Hoti has said the present government is committed to the well-being and protection of elderly population and would continue pursuing this cause with the same zeal and spirit.
Published 01 Oct, 2008 12:00am
'Pakistan may address energy crisis through Chinese technology'

'Pakistan may address energy crisis through Chinese technology'

Pakistan can address to a large extent its power crisis through Chinese innovative hydro power generating technology, said a senior official at Pakistan Embassy in an interview. "China has advance technology of generating electricity through small and med
Published 01 Oct, 2008 12:00am
KESC clears over Rs three billion dues

KESC clears over Rs three billion dues

The Karachi Electric Supply Corporation (KESC) has cleared dues of over Rs 3 billion. An announcement to this effect was made in a statement issued here on Tuesday. It said that within the first 10 days of take-over, the new KESC management has paid Rs 1
Published 01 Oct, 2008 12:00am
Zardari's visit to US termed great success

Zardari's visit to US termed great success

Pakistan Peoples Party MNA Fozia Habib on Tuesday said the visit of President Asif Ali Zardari to United States was a great success in the present conditions in the country wherein the dictatorship was newly replaced with a democratic set up.
Published 01 Oct, 2008 12:00am
Zardari's visit to China to enhance bilateral ties: Prime Minister

Zardari's visit to China to enhance bilateral ties: Prime Minister

Prime Minister Syed Yousuf Raza Gilani on Tuesday said President Asif Ali Zardari's first ever bilateral visit to China would open up new avenues of co-operation between the two countries. He expressed these views while talking to Chna's Vice Foreign Mini
Published 01 Oct, 2008 12:00am
President and Prime Minister grieved

President and Prime Minister grieved

President Asif Ali Zardari has expressed deep shock and sadness over the tragic stampede at Chamunda Devi Temple, Rajasthan, India. In a message to Indian President Pratibha Devisingh Patil, President Zardari offered heartfelt sympathies and condolences t
Published 01 Oct, 2008 12:00am
Kashmiris to celebrate Eid-ul-Fitr with religious fervour

Kashmiris to celebrate Eid-ul-Fitr with religious fervour

Kashmiri Muslims living either side of the Line of Control will celebrate Eid-ul-Fitr with traditional religious zeal and enthusiasm. The day will dawn with special prayers in the mosques for the stability, integrity, and solidarity of the Muslim Ummah, p
Published 01 Oct, 2008 12:00am
Celebrating Eid with religious fervour

Celebrating Eid with religious fervour

As in Saudi Arabia and other countries in the Middle East on Tuesday, so Eid-ul-Fitr is being celebrated today in Pakistan with religious fervour, as also elsewhere in the world with reckonable Muslim population groups.
Published 01 Oct, 2008 12:00am
LSM growth down by four percent in July

LSM growth down by four percent in July

Large Scale Manufacturing (LSM) growth has decelerated and witnessed a decline of some 4 percent during the first month of the current fiscal year due to negative economic indicators, high interest rates, and shortage of utilities.
Published 01 Oct, 2008 12:00am
HBL donates Rs 18 million for city hospitals

HBL donates Rs 18 million for city hospitals

City Nazim Syed Mustafa Kamal has appreciated the role and assistance of the private sector in the improvement of health care facilities at government-run hospitals in Karachi.
Published 01 Oct, 2008 12:00am
President and Prime Minister call for eradicating terrorism

President and Prime Minister call for eradicating terrorism

President Asif Ali Zardari has stressed to fight negative elements supporting terrorism and sectarianism in the society, and called for promoting mutual harmony as emphasised by Islam. In his message to the nation on Eid-ul-Fitr, President Zardari said se
Published 01 Oct, 2008 12:00am
Supply of Roti at Rs 2 will continue even after Ramazan: Shahbaz

Supply of Roti at Rs 2 will continue even after Ramazan: Shahbaz

Chief Minister Punjab Mian Muhammad Shahbaz Sharif has said that supply of Roti at Rs 2 will continue after Ramazan as well and Tandoor Committees comprising local people will be formed, which will ensure quality and price of Roti.
Published 01 Oct, 2008 12:00am
The Weather

The Weather

The weather report on Tuesday (September 30, 2008) and the forecast for Wednesday (October 01, 2008).

Published 01 Oct, 2008 12:00am
149 dead in India temple crush

149 dead in India temple crush

At least 149 people were killed and scores injured on Tuesday in a frenzied stampede at a Hindu temple in western India, police said. The disaster occurred as more than 25,000 worshippers clambered to reach the 15th-century Chamunda Devi temple in the hil
Published 01 Oct, 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 01 Oct, 2008 12:00am
149 dead in India temple crush

149 dead in India temple crush

At least 149 people were killed and scores injured on Tuesday in a frenzied stampede at a Hindu temple in western India, police said. The disaster occurred as more than 25,000 worshippers clambered to reach the 15th-century Chamunda Devi temple in the hil
Published 01 Oct, 2008 12:00am
Chaudhry Nisar's criticism on Zardari's visit termed uncalled for

Chaudhry Nisar's criticism on Zardari's visit termed uncalled for

Leader of the opposition in National Assembly Chaudhry Nisar Ali Khan's criticism on President Asif Ali Zardari's visit of the US is uncalled for and untenable, said a statement issued here Tuesday by PPP spokesperson Farahatullah Babar. While the leader
Published 01 Oct, 2008 12:00am
Oil prices kept unchanged

Oil prices kept unchanged

The government on Tuesday decided to keep oil prices unchanged for the next fortnight, starting October 1. The Oil and Gas Regulatory Authority (Ogra) formally issued the notification showing no change in the last fortnight oil prices.
Published 01 Oct, 2008 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (September 30, 2008).

Published 01 Oct, 2008 12:00am
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