AIRLINK 154.88 Increased By ▲ 4.63 (3.08%)
BOP 9.96 Decreased By ▼ -0.16 (-1.58%)
CNERGY 7.33 Decreased By ▼ -0.09 (-1.21%)
CPHL 78.24 Increased By ▲ 7.11 (10%)
FCCL 47.53 Increased By ▲ 1.82 (3.98%)
FFL 14.49 Increased By ▲ 0.15 (1.05%)
FLYNG 40.87 Increased By ▲ 3.72 (10.01%)
HUBC 138.71 Increased By ▲ 0.36 (0.26%)
HUMNL 12.93 Increased By ▲ 0.39 (3.11%)
KEL 4.34 Decreased By ▼ -0.22 (-4.82%)
KOSM 5.16 Increased By ▲ 0.17 (3.41%)
MLCF 75.92 Increased By ▲ 6.27 (9%)
OGDC 218.66 Increased By ▲ 15.65 (7.71%)
PACE 5.23 Decreased By ▼ -0.15 (-2.79%)
PAEL 45.30 Increased By ▲ 1.06 (2.4%)
PIAHCLA 14.80 Increased By ▲ 1.35 (10.04%)
PIBTL 8.64 Increased By ▲ 0.02 (0.23%)
POWER 15.13 Increased By ▲ 0.15 (1%)
PPL 168.03 Increased By ▲ 15.28 (10%)
PRL 29.55 Increased By ▲ 2.53 (9.36%)
PTC 20.13 Increased By ▲ 0.84 (4.35%)
SEARL 82.57 Increased By ▲ 7.51 (10.01%)
SSGC 32.79 Increased By ▲ 2.33 (7.65%)
SYM 14.23 Increased By ▲ 0.28 (2.01%)
TELE 6.99 Increased By ▲ 0.08 (1.16%)
TPLP 8.26 Increased By ▲ 0.26 (3.25%)
TRG 63.29 Increased By ▲ 1.39 (2.25%)
WAVESAPP 9.05 Increased By ▲ 0.11 (1.23%)
WTL 1.26 Decreased By ▼ -0.06 (-4.55%)
YOUW 3.61 Decreased By ▼ -0.12 (-3.22%)
AIRLINK 154.88 Increased By ▲ 4.63 (3.08%)
BOP 9.96 Decreased By ▼ -0.16 (-1.58%)
CNERGY 7.33 Decreased By ▼ -0.09 (-1.21%)
CPHL 78.24 Increased By ▲ 7.11 (10%)
FCCL 47.53 Increased By ▲ 1.82 (3.98%)
FFL 14.49 Increased By ▲ 0.15 (1.05%)
FLYNG 40.87 Increased By ▲ 3.72 (10.01%)
HUBC 138.71 Increased By ▲ 0.36 (0.26%)
HUMNL 12.93 Increased By ▲ 0.39 (3.11%)
KEL 4.34 Decreased By ▼ -0.22 (-4.82%)
KOSM 5.16 Increased By ▲ 0.17 (3.41%)
MLCF 75.92 Increased By ▲ 6.27 (9%)
OGDC 218.66 Increased By ▲ 15.65 (7.71%)
PACE 5.23 Decreased By ▼ -0.15 (-2.79%)
PAEL 45.30 Increased By ▲ 1.06 (2.4%)
PIAHCLA 14.80 Increased By ▲ 1.35 (10.04%)
PIBTL 8.64 Increased By ▲ 0.02 (0.23%)
POWER 15.13 Increased By ▲ 0.15 (1%)
PPL 168.03 Increased By ▲ 15.28 (10%)
PRL 29.55 Increased By ▲ 2.53 (9.36%)
PTC 20.13 Increased By ▲ 0.84 (4.35%)
SEARL 82.57 Increased By ▲ 7.51 (10.01%)
SSGC 32.79 Increased By ▲ 2.33 (7.65%)
SYM 14.23 Increased By ▲ 0.28 (2.01%)
TELE 6.99 Increased By ▲ 0.08 (1.16%)
TPLP 8.26 Increased By ▲ 0.26 (3.25%)
TRG 63.29 Increased By ▲ 1.39 (2.25%)
WAVESAPP 9.05 Increased By ▲ 0.11 (1.23%)
WTL 1.26 Decreased By ▼ -0.06 (-4.55%)
YOUW 3.61 Decreased By ▼ -0.12 (-3.22%)
BR100 12,644 Increased By 241 (1.94%)
BR30 37,293 Increased By 1733.2 (4.87%)
KSE100 118,576 Increased By 1278.2 (1.09%)
KSE30 36,302 Increased By 462.9 (1.29%)
May 13, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2008-10-08
Fannie Mae to buy loans from FHLB Chicago

Fannie Mae to buy loans from FHLB Chicago

Fannie Mae will buy mortgage loans from the Federal Home Loan Bank of Chicago in an effort to increase liquidity and stability in the US mortgage market, the two agencies said in a joint statement on Tuesday. Fannie Mae, the largest US home funding compan
Published 08 Oct, 2008 12:00am
Bakrie group hit as liquidity crisis ripples into Indonesia

Bakrie group hit as liquidity crisis ripples into Indonesia

Share trading in six companies owned by Indonesia's richest man was suspended Tuesday as the effects of the global financial crisis rolled into south east Asia's biggest economy, dealers said. The six Bakrie Group-owned companies had dropped by between a
Published 08 Oct, 2008 12:00am
Bernanke signals readiness to cut US rates

Bernanke signals readiness to cut US rates

US Federal Reserve Chairman Ben Bernanke on Tuesday signalled a readiness to lower US interest rates in a dramatic shift to support an economy battered by a financial crisis of "historic dimension." Recent economic data and financial developments show the
Published 08 Oct, 2008 12:00am
Thousands march in France for 'decent work'

Thousands march in France for 'decent work'

Thousands of people took part in marches across France on Tuesday on the first world day for "decent work", worried that jobs, savings or livelihoods will be swept away in the global financial crisis. Six French unions organised the demonstrations that fo
Published 08 Oct, 2008 12:00am
Bush spoke with European leaders for coordination

Bush spoke with European leaders for coordination

US President George W. Bush on Tuesday said he had spoken with European leaders to make sure there was co-ordination in dealing with financial market turmoil that has spread around the world. Bush, trying to calm fears after steep stock market declines, s
Published 08 Oct, 2008 12:00am
Airbus leads Boeing in orders, output

Airbus leads Boeing in orders, output

Airbus sold 31 planes in September, bringing gross orders for the first nine months of the year to 785 aircraft as the European plane maker held a lead over strike-hit Boeing in orders and deliveries. Stripping out cancellations, Airbus reported a net tot
Published 08 Oct, 2008 12:00am
Bush spoke with European leaders for coordination

Bush spoke with European leaders for coordination

US President George W. Bush on Tuesday said he had spoken with European leaders to make sure there was co-ordination in dealing with financial market turmoil that has spread around the world. Bush, trying to calm fears after steep stock market declines, s
Published 08 Oct, 2008 12:00am
Libor rates, spreads jump as money market jam persists

Libor rates, spreads jump as money market jam persists

The cost of borrowing dollars, euros and sterling on frozen international money markets jumped on Tuesday, driven by renewed falls in banking stocks, deepening financial turmoil in Iceland and Europe's so-far fruitless efforts to stem the spreading crisis
Published 08 Oct, 2008 12:00am
Bush spoke with European leaders for coordination

Bush spoke with European leaders for coordination

US President George W. Bush on Tuesday said he had spoken with European leaders to make sure there was co-ordination in dealing with financial market turmoil that has spread around the world. Bush, trying to calm fears after steep stock market declines, s
Published 08 Oct, 2008 12:00am
Russia gives banks extra $36 billion

Russia gives banks extra $36 billion

President Dmitry Medvedev announced an extra 950 billion roubles ($36.4 billion) of long-term help for banks at an emergency Kremlin meeting on Tuesday, but failed to rally Russian stocks. "The whole point of our work is to make decisions as quickly as po
Published 08 Oct, 2008 12:00am
FTSE rebounds on commods as RBS, HBOS sink 40 percent

FTSE rebounds on commods as RBS, HBOS sink 40 percent

Britain's leading share index rebounded on Tuesday after posting its biggest-ever one-day points fall in the previous session, as gains in commodity stocks offset heavy losses in the ailing banking sector. The FTSE 100 closed 16 points, or 0.4 percent, hi
Published 08 Oct, 2008 12:00am
German government, opposition spar over savings guarantee

German government, opposition spar over savings guarantee

Germany's ruling coalition clashed with opposition parties on Tuesday over the government pledge to guarantee more than 1 trillion euros ($1,359 billion) in private savings as it struggles to tackle the global financial crisis.
Published 08 Oct, 2008 12:00am
FTSE rebounds on commods as RBS, HBOS sink 40 percent

FTSE rebounds on commods as RBS, HBOS sink 40 percent

Britain's leading share index rebounded on Tuesday after posting its biggest-ever one-day points fall in the previous session, as gains in commodity stocks offset heavy losses in the ailing banking sector. The FTSE 100 closed 16 points, or 0.4 percent, hi
Published 08 Oct, 2008 12:00am
Bernanke signals readiness to cut US rates

Bernanke signals readiness to cut US rates

US Federal Reserve Chairman Ben Bernanke on Tuesday signalled a readiness to lower US interest rates in a dramatic shift to support an economy battered by a financial crisis of "historic dimension." Recent economic data and financial developments show the
Published 08 Oct, 2008 12:00am
FTSE rebounds on commods as RBS, HBOS sink 40 percent

FTSE rebounds on commods as RBS, HBOS sink 40 percent

Britain''s leading share index rebounded on Tuesday after posting its biggest-ever one-day points fall in the previous session, as gains in commodity stocks offset heavy losses in the ailing banking sector. The FTSE 100 closed 16 points, or 0.4 percent, h
Published 08 Oct, 2008 12:00am
Financial crisis adds to September US retail sales woes

Financial crisis adds to September US retail sales woes

Top US retailers, with the exception of discounters and warehouse clubs, are expected to post a drop in September sales this week as consumers balked at spending during an expanding financial markets crisis. Already hit hard by a US housing slump and cred
Published 08 Oct, 2008 12:00am
Afternoon trade: Nasdaq briefly drops four percent in Wall Street slide

Afternoon trade: Nasdaq briefly drops four percent in Wall Street slide

US stocks slid further on Tuesday, sending the Nasdaq briefly down more than 4 percent, as investors worried that the widening impact of the credit crisis threatened to drag the economy into recession. The Dow Jones industrial average was down 273.59 poin
Published 08 Oct, 2008 12:00am
Gold rides on rising oil

Gold rides on rising oil

Gold gained nearly 1 percent on Tuesday as investors sought havens from volatile stock markets after a US bailout package to rescue distressed banks failed to calm fears. Talks that other central banks would follow Australia's move to cut interest to stem
Published 08 Oct, 2008 12:00am
Afternoon trade: Nasdaq briefly drops four percent in Wall Street slide

Afternoon trade: Nasdaq briefly drops four percent in Wall Street slide

US stocks slid further on Tuesday, sending the Nasdaq briefly down more than 4 percent, as investors worried that the widening impact of the credit crisis threatened to drag the economy into recession. The Dow Jones industrial average was down 273.59 poin
Published 08 Oct, 2008 12:00am
US gold rallies

US gold rallies

New York gold futures ended 4 percent higher in thin, volatile trade on Monday as investors sought a safe haven amid a plunge stock markets caused by mounting fears a worsening financial crisis would lead to global recession.
Published 08 Oct, 2008 12:00am
Afternoon trade: Nasdaq briefly drops four percent in Wall Street slide

Afternoon trade: Nasdaq briefly drops four percent in Wall Street slide

US stocks slid further on Tuesday, sending the Nasdaq briefly down more than 4 percent, as investors worried that the widening impact of the credit crisis threatened to drag the economy into recession. The Dow Jones industrial average was down 273.59 poin
Published 08 Oct, 2008 12:00am
Oil back above $90 in Asian market

Oil back above $90 in Asian market

Oil rebounded more than $2 a barrel on Tuesday, recouping some of the previous session's $6 loss, after Australia's interest rate cut sparked guarded optimism global central banks may act to stem the credit crisis and its fallout on oil demand. Australia'
Published 08 Oct, 2008 12:00am
UK government, authorities to launch bank rescue deal

UK government, authorities to launch bank rescue deal

Britain will announce a rescue package for the UK banking system on Wednesday, finance minister Alistair Darling said. A government source with knowledge of the plan said on Tuesday details were still being thrashed out but the package was likely to inclu
Published 08 Oct, 2008 12:00am
Malaysian tin tumbles

Malaysian tin tumbles

Malaysian tin slid to an eight and a quarter month low on Tuesday amid high selling volumes at the market open after sharp fall on the London Metal Exchange, one dealer said.
Published 08 Oct, 2008 12:00am
UK government, authorities to launch bank rescue deal

UK government, authorities to launch bank rescue deal

Britain will announce a rescue package for the UK banking system on Wednesday, finance minister Alistair Darling said. A government source with knowledge of the plan said on Tuesday details were still being thrashed out but the package was likely to inclu
Published 08 Oct, 2008 12:00am
Malaysian palm oil futures up 1.65 percent

Malaysian palm oil futures up 1.65 percent

Malaysian palm oil futures closed up 1.65 percent on Tuesday on short-covering, but came off the day's high on a late sell-off as sentiment remained weak on demand concerns, some traders said. Gains for crude oil, a substitute for palm oil in biofuels, as
Published 08 Oct, 2008 12:00am
South Korea dismisses North's nuclear 'ultimatum'

South Korea dismisses North's nuclear 'ultimatum'

South Korea's foreign minister played down on Tuesday the notion that North Korea delivered an ultimatum when it held talks last week with a visiting US envoy trying to save a floundering nuclear disarmament deal. US Assistant Secretary of State Christoph
Published 08 Oct, 2008 12:00am
Japan dollar funding operations keep credit open for world

Japan dollar funding operations keep credit open for world

The Bank of Japan's rare dollar funding operations may have the key side effect of underpinning Japanese banks' overseas lending by relieving some of the distortions stemming from strained money markets. Japanese lenders have stepped into the breach as US
Published 08 Oct, 2008 12:00am
Canada's purchasing activity quickens in September

Canada's purchasing activity quickens in September

Purchasing activity in the Canadian economy expanded in September, and at a faster pace than the previous month, according to the Ivey Purchasing Managers Index released on Monday. The index, the joint project of the Purchasing Management Association of C
Published 08 Oct, 2008 12:00am
Tata signs deal to move cheap car plant

Tata signs deal to move cheap car plant

Tata chairman Ratan Tata signed an agreement on Tuesday to move the troubled Nano cheap car project to the western Indian state of Gujarat. The move came after Tata Motors was forced to abandon its factory in communist-run West Bengal due to violent prote
Published 08 Oct, 2008 12:00am
Maldives gears up for historic presidential poll

Maldives gears up for historic presidential poll

The six candidates vying for president in the Maldives archipelago's first-ever multiparty elections on Tuesday finished their campaigns, in a poll seen as a referendum on President's Maumoon Abdul Gayoom's 30 year-rule. Asia's longest-serving leader is s
Published 08 Oct, 2008 12:00am
German cabinet extends unpopular Afghan mandate

German cabinet extends unpopular Afghan mandate

Chancellor Angela Merkel's cabinet approved an extension of German participation in the Nato-led force in Afghanistan Tuesday and added 1,000 more soldiers to the mission, a government spokesman said. The decision will prolong the mandate for the deployme
Published 08 Oct, 2008 12:00am
Kenya to deport US author of critical Obama book

Kenya to deport US author of critical Obama book

Kenyan immigration authorities arrested the US author of a critical book about presidential candidate Barack Obama before its launch on Tuesday and took him to the airport for deportation, witnesses said. Jerome Corsi arrived at a downtown Nairobi hotel t
Published 08 Oct, 2008 12:00am
Somali piracy monitor may be freed pending trial

Somali piracy monitor may be freed pending trial

A court ordered the release on Tuesday of a Kenyan who monitors piracy off Somalia pending his trial on charges of giving "alarming" information about the destination of tanks seized on a Ukrainian ship. But relatives of Andrew Mwangura, of the East Afric
Published 08 Oct, 2008 12:00am
Russia to extend Georgia pullback

Russia to extend Georgia pullback

Russia will pull its troops back on Wednesday from the southern edge of a buffer zone inside Georgia surrounding the territory of South Ossetia, a senior Russian military officer said. Russia has until Friday to withdraw all its troops from the 'security
Published 08 Oct, 2008 12:00am
US Army sees progress in FCS

US Army sees progress in FCS

Top US Army officials on Monday said a $160 billion Future Combat Systems modernisation program managed by Boeing Co and SAIC Inc was "on budget, on track," but could see changes over time. Army Chief of Staff General George Casey said the Army was going
Published 08 Oct, 2008 12:00am
Turkey resists call for wider powers to combat PKK

Turkey resists call for wider powers to combat PKK

Turkey's government on Tuesday resisted calls from the powerful military to broaden emergency measures to combat Kurdish separatist rebels after an attack that killed 17 soldiers. Prime Minister Tayyip Erdogan, whose Islamist-rooted AK Party has often cla
Published 08 Oct, 2008 12:00am
Thai troops patrol Bangkok; two killed, 380 hurt in deadly clashes

Thai troops patrol Bangkok; two killed, 380 hurt in deadly clashes

Thailand's military deployed troops on the streets of Bangkok on Tuesday to keep order after a day of battles between police and anti-government protesters in which two people died and more than 380 were injured. One man was killed by a car bomb near parl
Published 08 Oct, 2008 12:00am
Bangladesh an Myanmar sign deal, agree on more talks

Bangladesh an Myanmar sign deal, agree on more talks

Bangladesh and Myanmar signed an agreement on Tuesday to avoid double taxation to help boost trade, and agreed to hold talks to resolve outstanding issues including a row over Muslim refugees in Bangladesh. The agreement came during the visit of General M
Published 08 Oct, 2008 12:00am
Australia's CBA in talks to buy BankWest

Australia's CBA in talks to buy BankWest

Commonwealth Bank of Australia (CBA) said on Tuesday it has started exclusive talks with British bank HBOS about a potential take-over of BankWest, HBOS' Australian operation, estimated to be worth A$2 billion ($1.45 billion). Earlier press reports had sa
Published 08 Oct, 2008 12:00am
Tareen appointed Prime Minister's Advisor on Finance

Tareen appointed Prime Minister's Advisor on Finance

The government has appointed Saudi Pak Bank chief Shaukat Tareen as Advisor to Prime Minister on Finance with a status of federal minister. The notification of his appointment is expected to be issued here on Wednesday. Shaukat Tareen will also perform ad
Published 08 Oct, 2008 12:00am
Bangladeshi government takes hard line as election nears

Bangladeshi government takes hard line as election nears

Hopes for a smooth run-up to Bangladesh's December election hit new snags after a court issued warrants for several former ministers and asked them and ex-prime minister Begum Khaleda Zia to appear at a hearing next week. They have been asked to be availa
Published 08 Oct, 2008 12:00am
Tareen appointed Prime Minister's Advisor on Finance

Tareen appointed Prime Minister's Advisor on Finance

The government has appointed Saudi Pak Bank chief Shaukat Tareen as Advisor to Prime Minister on Finance with a status of federal minister. The notification of his appointment is expected to be issued here on Wednesday. Shaukat Tareen will also perform ad
Published 08 Oct, 2008 12:00am
Bank of Japan stands pat amid market turmoil

Bank of Japan stands pat amid market turmoil

Japan's central bank said Tuesday that it was holding its key interest rate steady at 0.5 percent, as fresh turmoil erupted on global financial markets. The policy board made the decision unanimously at the end of a two-day meeting, the Bank of Japan (BoJ
Published 08 Oct, 2008 12:00am
Tareen appointed Prime Minister''s Advisor on Finance

Tareen appointed Prime Minister''s Advisor on Finance

The government has appointed Saudi Pak Bank chief Shaukat Tareen as Advisor to Prime Minister on Finance with a status of federal minister. The notification of his appointment is expected to be issued here on Wednesday. Shaukat Tareen will also perform ad
Published 08 Oct, 2008 12:00am
European carmakers cut output as credit crisis hits

European carmakers cut output as credit crisis hits

General Motors and Ford Motor will cut output in Europe, the US automakers said on Tuesday, another sign turmoil on financial markets is ruining consumers' appetite for big-ticket items like cars. GM has shut its Opel factory at Bochum, which makes Astra
Published 08 Oct, 2008 12:00am
Vote to stagger impact of carbon cost on factories

Vote to stagger impact of carbon cost on factories

Influential EU lawmakers sought in a key vote on Tuesday to ease the cost for factories of meeting greenhouse gas emissions limits from 2013 as much of Europe heads for recession. But the European Parliament's environment committee backed an EU executive
Published 08 Oct, 2008 12:00am
European Union lawmakers dilute insurance reform

European Union lawmakers dilute insurance reform

A panel of European Union lawmakers adopted an overhaul of the bloc's 7 trillion euro ($9.5 trillion) insurance sector on Tuesday but diluted measures to streamline how the big insurers are supervised. The reform is seen as the first test of the commitmen
Published 08 Oct, 2008 12:00am
Bernanke signals readiness to cut US rates

Bernanke signals readiness to cut US rates

US Federal Reserve Chairman Ben Bernanke on Tuesday signalled a readiness to lower US interest rates in a dramatic shift to support an economy battered by a financial crisis of "historic dimension." Recent economic data and financial developments show the
Published 08 Oct, 2008 12:00am
Gulf states talk up markets, play down crisis

Gulf states talk up markets, play down crisis

Four Gulf states tried to lend verbal support to faltering stock markets on Tuesday, saying their financial institutions were sound despite the global credit crisis. Officials from Saudi Arabia, Kuwait, Qatar and Oman moved to reassure investors that the
Published 08 Oct, 2008 12:00am
US MIDDAY: coffee, cocoa bounce

US MIDDAY: coffee, cocoa bounce

Arabica coffee and US cocoa futures began to retrace previous losses in thin dealings early on Tuesday, with a boost from the lower dollar and spillover support from the firm commodity complex, traders said. Arabica coffee for December delivery up 0.85 ce
Published 08 Oct, 2008 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (October 07, 2008).

Published 08 Oct, 2008 12:00am
Dr Tanveer appointed Karachi University students' adviser

Dr Tanveer appointed Karachi University students' adviser

Professor Dr Tanveer Khalid has been appointed as the students Adviser of Karachi University with immediate effect. This was announced by the Acting Registrar of the University on Tuesday. It said that Dr Tanveer who is from the Department of Political Sc
Published 08 Oct, 2008 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (October 07, 2008).

Published 08 Oct, 2008 12:00am
World Day for Decent Work observed

World Day for Decent Work observed

Working class of Pakistan commemorated "World Day for Decent Work" throughout Pakistan on Tuesday under the aegis of "Pakistan Workers Federation" by holding special meetings and Symposiums and Conferences including Karachi, Hyderabad, Quetta, Sukkur, Mul
Published 08 Oct, 2008 12:00am
Agriculture-income tax filing date extended

Agriculture-income tax filing date extended

Senior Member, Board of Revenue (BoR) Sindh has announced that the last date for filing of returns of agricultural income tax, has been extended for further 15 days from the previously scheduled deadline of September 30.
Published 08 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 08 Oct, 2008 12:00am
Telecard Limited appoints chief operating officer for WLL

Telecard Limited appoints chief operating officer for WLL

Telecard Limited on Tuesday announced the appointment of Syed Aamir Hussain as the Chief Operating Officer (COO) of their Wireless Local Loop (WLL) Business. Aamir has over 13 years of telecom experience in Pakistan and led the team that launched country'
Published 08 Oct, 2008 12:00am
The Weather

The Weather

The weather report on Tuesday (October 07, 2008) and the forecast for Wednesday (October 08, 2008).

Published 08 Oct, 2008 12:00am
PAC for bringing autonomous public sector units under AGPR audit

PAC for bringing autonomous public sector units under AGPR audit

The members of the Public Accounts Committee (PAC) on Tuesday showed their indignation that 56 percent directives issued by the previous committee were not implemented. They said most of the autonomous public sector institutions, which refuse audit by AGP
Published 08 Oct, 2008 12:00am
Third anniversary of 2005 earthquake today

Third anniversary of 2005 earthquake today

The government of NWFP will observe third anniversary of the devastated earthquake of October 2005 in the absence of establishment of full pledge Provincial Disaster Management Authority (PDMA) on Wednesday (today).
Published 08 Oct, 2008 12:00am
Jamaat-i-Islami's train march reaches Lahore

Jamaat-i-Islami's train march reaches Lahore

Jamaat-i-Islami's train march led by its Amir Qazi Hussain Ahmed has reached Lahore on Tuesday for Karachi from Peshawar. The train is due to arrive in Karachi on October 15. The march began from Cantt Station in Peshawar where hundreds of JI workers left
Published 08 Oct, 2008 12:00am
Qazi asks government to stop operations in Fata

Qazi asks government to stop operations in Fata

Jama'at-e-Islami (JI) Amir Qazi Hussain Ahmad on Tuesday asked the government to immediately halt the military operations in the Federally Administered Areas (Fata) and other parts of the country, saying that these operations are not the solution of the p
Published 08 Oct, 2008 12:00am
Steps to develop SME sector urged

Steps to develop SME sector urged

The Karachi Chamber of Commerce and Industry (KCCI) has urged the provincial government of Sindh to take immediate steps for development of Small and Medium Enterprises (SMEs) and pertinent issues of business enterprise, access to finance and access to re
Published 08 Oct, 2008 12:00am
ADB to lend $600 million to Pakistan: Bogota-like BRTS planned

ADB to lend $600 million to Pakistan: Bogota-like BRTS planned

Asian Development Bank (ADB) would provide $600 million soft loan to Pakistan which is planning to introduce a Bogota-like Bus Rapid Transit System (BRTS) to regulate traffic in one of its most congested cities, Karachi.
Published 08 Oct, 2008 12:00am
Iran ready to provide electricity: joint shipping company proposed

Iran ready to provide electricity: joint shipping company proposed

Iranian Ambassador Mashallah Shakiri said that his country was ready to provide electricity to Pakistan and the Iranian government had adequate capacity to carry out development projects. Shakiri also proposed to establish Pak-Iran Joint Shipping Company
Published 08 Oct, 2008 12:00am
Tariq Mehmood replaces Lashari as CDA chairman

Tariq Mehmood replaces Lashari as CDA chairman

Tariq Mehmood Khan will take charge as new Chairman of Capital Development Authority (CDA) on Wednesday replacing Kamran Lashari, who has been appointed new Chief Commissioner of Islamabad, says an official notification.
Published 08 Oct, 2008 12:00am
Sajid Naqvi flays government failure to stop sectarian killings

Sajid Naqvi flays government failure to stop sectarian killings

Chief of Millat-e-Jafaria, Pakistan, Allama Sajid Ali Naqvi has said we are feeling ourselves insecure and unsafe as our hundreds of people have so far been killed in terrorist activities, but the government failed to protect our lives and property.
Published 08 Oct, 2008 12:00am
Flour prices to stabilise in 2009: Minfal

Flour prices to stabilise in 2009: Minfal

Owing to various incentives provided by the government including increased wheat support price, the flour prices would stabilise during the year 2009, a top official in the Ministry of Food Agriculture and Livestock (Minfal) said.
Published 08 Oct, 2008 12:00am
Embezzlement in water projects

Embezzlement in water projects

Embezzlement worth millions of rupees has been pinpointed in water management projects in the NA-178 constituency. When the misappropriation of funds came into the knowledge of MNA Jamshed Ahmed Dasti he informed the DCO and district nazim about it.
Published 08 Oct, 2008 12:00am
Sasta Tandoors set up in Nowshera Virkan

Sasta Tandoors set up in Nowshera Virkan

As many as 20 Sasta Tandoors have been set up in the Nowshera Virkan tehsil to provide Roti at the government subsidised rate of Rs 2. DDO revenue Waseem Abbas told newsmen that the central Tandoor points in different local cafes and hotels are mos
Published 08 Oct, 2008 12:00am
Chief minister's cell addresses 11,503 complaints in September

Chief minister's cell addresses 11,503 complaints in September

To provide relief to the common man, the Chief Minister's Complaint Cell addressed as many as 11,503 public complaints during the month of September, of which 10,821 had been submitted at the Cell and 682 in Khuli Kutcheries. Over 80 percent of the compla
Published 08 Oct, 2008 12:00am
New duties for assistant directors Pims

New duties for assistant directors Pims

Dr Abdul Majid Rajput, Executive Director, Pakistan Institute of Medical Sciences (Pims) has assigned new duties for assistant directors (ADs) and appointed one more assistant director to emergency ward, says a release issued here on Tuesday. According to
Published 08 Oct, 2008 12:00am
Unprecedented increase in DAP fertilisers' prices condemned

Unprecedented increase in DAP fertilisers' prices condemned

Farmers organisations, taking notice of unprecedented increase in DAP fertilisers, have urged the government to ensure availability of fertilisers at the government fixed rates to enable the farmers to meet the wheat and other Rabi crop targets.
Published 08 Oct, 2008 12:00am
LHC directs PHA not to remove billboards

LHC directs PHA not to remove billboards

The Lahore High Court directed Park and Horticulture Authority (PHA) not to remove the billboards of the petitioner company and sent the petition to Chief Justice of Lahore High Court for its disposal with other similar petitions in accordance with the la
Published 08 Oct, 2008 12:00am
Foolproof security for Tableeghi Ijtima directed

Foolproof security for Tableeghi Ijtima directed

DCO Lahore Sajjad Ahmed Bhutta has instructed the concerned officials to ensure foolproof security and smooth flow of traffic during the Tableghi Jamaat's annual congregation at Raiwind, which is to start on October 19. During his inspection visit to Raiw
Published 08 Oct, 2008 12:00am
Zakat fund distribution termed transparent

Zakat fund distribution termed transparent

Chairman, Provincial Zakat Council (PZC), former Justice Haji Muhammad Akram Biato has said that the system of distribution of zakat funds is fair and transparent, and efforts are being made to distribute the zakat to the deserving people.
Published 08 Oct, 2008 12:00am
LHC issues notice to secretary health, college principal

LHC issues notice to secretary health, college principal

The Lahore High Court (LHC) issued notices to Secretary Health, Principal Punjab Medical and Dental College and others to appear next week before the court in a petition filed by a doctor Shazia Naz challenging the appointment of 20 doctors in dental hosp
Published 08 Oct, 2008 12:00am
Jamit-e-Talba Islam postpones scheduled congregation

Jamit-e-Talba Islam postpones scheduled congregation

Jamit-e-Talba Islam (JTI) has postponed the three-day congregation scheduled to be held at Minare-Pakistan from October 13 due to the deteriorating law and order situation after suicide bombing in Bhakar. President of JTI Hafiz Ahmed Ahrar announced this
Published 08 Oct, 2008 12:00am
Government to ensure supply of flour, roti at fixed rates

Government to ensure supply of flour, roti at fixed rates

Food Minister Punjab, Malik Nadeem Kamran, has said that the government will ensure supply of flour and "Roti" to the people at the government fixed rates and also warn of taking stern action against those found indulged in overcharging. He expressed his
Published 08 Oct, 2008 12:00am
LHC's directive

LHC's directive

The Lahore High Court (LHC) directed petitioner Hamyun Akhtar and MNA Khawaja Saad Rafiq to submit their proposed framing of issues till Friday as they failed to submit the same yet. The court passed these orders during the proceedings of an election peti
Published 08 Oct, 2008 12:00am
Dr Burney's death condoled

Dr Burney's death condoled

Senior Citizens Foundation of Pakistan has condoled the demise of its Vice President, Major General Professor Dr Muhammad Ilyas Burney (Retd). In a meeting here on Tuesday, the Executive Committee of the Foundation eulogised his services and noted that du
Published 08 Oct, 2008 12:00am
Rs 1.40 billion tax scam: FBR likely to send investigation team to China

Rs 1.40 billion tax scam: FBR likely to send investigation team to China

A two-member investigation team is soon expected to visit China to ascertain the actual facts behind the biggest ever tax-evasion scam of Rs 1.40 billion involving over 200 containers, which were imported from China during the period between October 1996
Published 08 Oct, 2008 12:00am
ATC takes up case of firing on Musharraf's plane today

ATC takes up case of firing on Musharraf's plane today

An Anti Terrorist Court (ATC) will take up firing on former President Musharraf plane case here on Wednesday. The Judge ATC No 1 Habib-ur-Rehman had directed the prosecution last month to present the challan of the case on October 8. The accused Dr Niaz a
Published 08 Oct, 2008 12:00am
Bank Al-Falah, Microsoft ink deal

Bank Al-Falah, Microsoft ink deal

Bank Al-Falah on Tuesday signed an enterprise agreement with Microsoft for deployment of technology solutions in areas of IT infrastructure and business productivity, communication and collaboration, besides infrastructure optimisation for the bank.
Published 08 Oct, 2008 12:00am
EDB clarification

EDB clarification

A spokesman for Engineering Development Board (EDB) has clarified the news carried by Business Recorder, October 1 titled "Manpower shortage in re-rolling sector, EDB for hiring workforce from neighbouring states". He adds that EDB currently is in
Published 08 Oct, 2008 12:00am
Nawaz returns home

Nawaz returns home

Former Prime Minister and PML-N Chief Mian Muhammad Nawaz Sharif on Tuesday returned home after performing Umrah. He was received at Lahore Airport by Punjab Chief Minister and President PML-N Mian Shahbaz Sharif; senior advisor to CM, Sardar Zulfiqar Ali
Published 08 Oct, 2008 12:00am
Financial crisis: Piaf for all Pakistan trade bodies conference

Financial crisis: Piaf for all Pakistan trade bodies conference

Pakistan Industrial and Traders Associations Front (Piaf) on Tuesday called for all Pakistan trade organisations conference to wear off the impact of global financial crisis that has now started putting very negative affect on the overall economy of Pakis
Published 08 Oct, 2008 12:00am
Punjab government, college served notices

Punjab government, college served notices

Lahore High Court (LHC) issued notices to Punjab government and Principal Home Economics College to file their replies clarifying the admission policy in the college till next week. The LHC judge issued the directions on a petition filed by a student Rabi
Published 08 Oct, 2008 12:00am
PML-N women wing leaders flay Bhakkar attack

PML-N women wing leaders flay Bhakkar attack

The PML-N Women Wing leaders here condemned the Bhakkar suicide bomb blast that claimed over 23 innocent lives and left many people injured. Women Wing Punjab vice president Qurban Fatima, Afsheen Butt, Sakina Bashir, Bilguees Akhtar, Kaneez Fatima and Na
Published 08 Oct, 2008 12:00am
Suicide bomber was clean shaved

Suicide bomber was clean shaved

District Police Officer Bhakkar Muhammad Ahmed Kamal has said, "suicide bomber was a clean shaved youth of 20/22 years of age and his skull was found while splinters of the explosive device were also taken into custody". He said that death toll was not mo
Published 08 Oct, 2008 12:00am
Punjab University vice chancellor takes notice of threats to officials

Punjab University vice chancellor takes notice of threats to officials

Punjab University administration has taken strict notice of threats to university officials and disturbing varsity congenial educational atmosphere by some elements of a religious party. The administration has termed the bringing of fake leadership of stu
Published 08 Oct, 2008 12:00am
Advisory to foreign delegates for neuro moot

Advisory to foreign delegates for neuro moot

Foreign delegates to the first National Headache and Back Pain Conference, 2008, have been advised by the organisers to refrain from attending the conference due to security concerns. Conference Chairman Neurosurgeon Dr S.A. Siddiqui said that the schedul
Published 08 Oct, 2008 12:00am
Previous Day
⇧