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Print - 2008-10-31
PIA starts third international flight from Sialkot

PIA starts third international flight from Sialkot

The national flag carrier Pakistan International Airline (PIA) has started third weekly direct international Sialkot-Muscat flight from Wednesday night as a PIA flight PK-229 with 118 passengers on board took off from Sialkot International Airport.
Published 31 Oct, 2008 12:00am
France wants joint ventures in dairy sector

France wants joint ventures in dairy sector

The French Agency for International Business Development's Director, International Study, Mrs Anne Bernard has said that there is a wide scope of joint ventures between France and Pakistan in dairy and food processing sectors. She was talking to Small and
Published 31 Oct, 2008 12:00am
Kids and Femina Expo-2008 begins

Kids and Femina Expo-2008 begins

Kids and Femina Expo-2008 kicked off here at the Fortress Stadium on Thursday. Around 125 stalls of different items related to women and kids are established to attract the buyers. Some swings are also arranged at the stadium for the amusement of the kids
Published 31 Oct, 2008 12:00am
Economic sector direly needs R&D: Ishfaq

Economic sector direly needs R&D: Ishfaq

Despite having huge potential in all sectors, Pakistan could not get its due place mainly because of lacking attention on research and development. Now the situation has taken a positive turn as a large number of businesses after realising the importance
Published 31 Oct, 2008 12:00am
Steps taken to encourage foreign investment in Punjab: Shahbaz

Steps taken to encourage foreign investment in Punjab: Shahbaz

Punjab Chief Minister Mian Muhammad Shahbaz Sharif has said that Pakistan is rich in natural resources and has vast investment opportunities. He said that Punjab government is taking all out measures to encourage foreign investment for strengthening econo
Published 31 Oct, 2008 12:00am
Workshop by ILO: 'media role important in eradicating bonded labour'

Workshop by ILO: 'media role important in eradicating bonded labour'

Speakers at a workshop organised by the International Labour Organisation (ILO) on 'Role of Media in Eradication of Bonded Labour in Pakistan' here on Thursday disclosed that 12.3 million persons are involved in bonded labour around the globe, out of whic
Published 31 Oct, 2008 12:00am
Magsi seeks donor agencies' role in relief operations

Magsi seeks donor agencies' role in relief operations

Governor Balochistan Nawab Zulfikar Ali Magsi on Thursday visited Ziarat and inspected relief operations being carried out by various organisation in the area. He also visited the Ziarat hospital and various medical centers and enquired about the health o
Published 31 Oct, 2008 12:00am
Senior PAF officer impressed by PLA's military exercise

Senior PAF officer impressed by PLA's military exercise

A senior official of Pakistan Air Force (PAF) has the distinction to observe People's Liberation Army (PLA) military exercise. Group Captain Zahid Hamid Kiani had been to China for quite a few times. However, it was his first time to watch a PLA exercise,
Published 31 Oct, 2008 12:00am
Mirwaiz condemns arrest, torture of APHC leaders

Mirwaiz condemns arrest, torture of APHC leaders

All Parties Hurriyet Conference (APHC) Chairman Mirwaiz Umar Farooq, terming the arrest and torture of Hurriyet leaders as occupation authorities' frustration, has said that such tactics will not suppress Kashmiris' aspirations for freedom in occupied Kas
Published 31 Oct, 2008 12:00am
Kashmiri Muslims target of India's new communal plan

Kashmiri Muslims target of India's new communal plan

The elements with a rabid communal mindset have been accorded high positions in the administration to victimise Muslims in line with a dangerous anti-Muslim Indian plan in occupied Kashmir.
Published 31 Oct, 2008 12:00am
Digital signature certificates: SECP, NIFT sign agreement

Digital signature certificates: SECP, NIFT sign agreement

The Securities and Exchange Commission of Pakistan (SECP) has signed an agreement with the National Institute of Facilitation Technology (NIFT) for the provision of digital signature certificates at subsidised rates. Every promoter, subscriber and other o
Published 31 Oct, 2008 12:00am
Mujtaba Gilani condoles with bereaved family

Mujtaba Gilani condoles with bereaved family

Incharge Prime Minister Camp Office, Syed Ahmad Mujtaba Gillani visited Wahdat Colony to offer Fateha for the deceased who died as a result of fall of ceiling couple of days ago. It is to be remembered that on Wednesday a roof of a house fell in which fiv
Published 31 Oct, 2008 12:00am
CAA carries out airport emergency exercise

CAA carries out airport emergency exercise

The Civil Aviation Authority (CAA) carried out the annual airport emergency exercise 2008 at Jinnah International Airport here on Thursday. The exercise, which was supposed to be started at 9am, but was delayed for three hours, causing inconvenience for t
Published 31 Oct, 2008 12:00am
Tarin to visit KSE today

Tarin to visit KSE today

Advisor to the Prime Minister on Finance Shaukat Tarin will visit Karachi Stock Exchange (KSE) on October 31 (Friday). The prevailing situation of the stock exchange will be discussed during his meeting with the KSE members.
Published 31 Oct, 2008 12:00am
69th death anniversary of Bhagat Kanwar

69th death anniversary of Bhagat Kanwar

Institute of Sindhology, Sindh University Jamshoro, in collaboration with department of Culture and Tourism Government of Sindh will mark 69th death anniversary of Sufi singer Bhagat Kanwar Ram on November, 01 at the Sindhology auditorium.
Published 31 Oct, 2008 12:00am
KESC net loss swells to Rs 6.587 billion in first quarter

KESC net loss swells to Rs 6.587 billion in first quarter

The after tax loss of Karachi Electric Supply Company Limited (KESC) has increased to Rs 6.587 billion in the quarter ended September 30, 2008 as compared to Rs 4.717 billion in the corresponding period last year. The board of directors of the company dec
Published 31 Oct, 2008 12:00am
KESC net loss swells to Rs 6.587 billion in first quarter

KESC net loss swells to Rs 6.587 billion in first quarter

The after tax loss of Karachi Electric Supply Company Limited (KESC) has increased to Rs 6.587 billion in the quarter ended September 30, 2008 as compared to Rs 4.717 billion in the corresponding period last year. The board of directors of the company dec
Published 31 Oct, 2008 12:00am
Expo Pakistan may yield $100 million export order

Expo Pakistan may yield $100 million export order

Chief Executive Trade Development Authority of Pakistan (TDAP) Syed Mohibullah Shah has said as a result of Expo Pakistan, international buyers would ink export agreements of $100 million. Addressing a press conference on concluding day of Expo Pakistan,
Published 31 Oct, 2008 12:00am
PTCL profit after tax rises to Rs 3.178 billion

PTCL profit after tax rises to Rs 3.178 billion

The profit after tax of Pakistan Telecommunication Company Limited (PTCL) has increased to Rs 3.178 billion in the quarter ended September 30, 2008 as compared to Rs 3.012 billion earned in the corresponding period last year. The board of directors of the
Published 31 Oct, 2008 12:00am
The Weather

The Weather

The weather report on Thursday (October 30, 2008)and the forecast for Friday (October 31, 2008).

Published 31 Oct, 2008 12:00am
PTCL profit after tax rises to Rs 3.178 billion

PTCL profit after tax rises to Rs 3.178 billion

The profit after tax of Pakistan Telecommunication Company Limited (PTCL) has increased to Rs 3.178 billion in the quarter ended September 30, 2008 as compared to Rs 3.012 billion earned in the corresponding period last year. The board of directors of the
Published 31 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 31 Oct, 2008 12:00am
US MIDDAY: copper falls

US MIDDAY: copper falls

US copper futures fell back below the $2.00 a lb mark early Thursday as a surge in overnight inventory levels rekindled demand concerns and helped put the brakes on this week's short-covering rally. Copper for December delivery traded 10.40 cents, or 5 pe
Published 31 Oct, 2008 12:00am
FTSE remains higher

FTSE remains higher

Britain's top share index rose for a third day in a row on Thursday as gains in banks and miners offset weakness in Royal Dutch Shell, Stagecoach and British American Tobacco after their results. The FTSE 100 closed 49.11 points or 1.2 percent higher at 4
Published 31 Oct, 2008 12:00am
New York cotton closes near four-year low

New York cotton closes near four-year low

Cotton futures finished Thursday at nearly four-year lows on fund sales as poor fibre demand and the spectre of a global recession raised the prospect of further losses in the market, brokers said.
Published 31 Oct, 2008 12:00am
Copper falls 10 percent

Copper falls 10 percent

Copper fell more than 10 percent on Thursday as rising London Metal Exchange stocks halted this week's short-covering rally in industrial metals and recessionary worries returned. The US economy shrank at a 0.3 percent annual rate in the third quarter, it
Published 31 Oct, 2008 12:00am
Oil drops over two percent

Oil drops over two percent

Oil fell more than 2 percent on Thursday as weak US economic data stirred concerns demand could plummet further. The US economy shrank at an annual rate of 0.3 percent in the third quarter, the sharpest contraction in the world's largest economy for seven
Published 31 Oct, 2008 12:00am
Soft commodities erase gains

Soft commodities erase gains

Coffee, sugar and cocoa futures erased gains as the US dollar trimmed losses after data showing a smaller-than-expected contraction in the US economy in the third quarter.
Published 31 Oct, 2008 12:00am
Gold lower in London

Gold lower in London

Gold reversed earlier gains of almost 3 percent on Thursday as the dollar turned higher and oil prices declined. Spot gold was at $739.00/741.50 an ounce at 1557 GMT compared with $754.30 late in New York on Wednesday. It earlier rose to $776.30 an ounce,
Published 31 Oct, 2008 12:00am
US MIDDAY: sugar slips

US MIDDAY: sugar slips

Raw sugar futures on ICE Futures US at 1234 GMT. March raw sugar contract fell 0.06 cent to 12.03 cents per lb. Trading from 11.95 to 12.35 cents. Volume at 12,800 lots. Investment fund sales places market under pressure, dealers said.
Published 31 Oct, 2008 12:00am
US MIDDAY: soya rises

US MIDDAY: soya rises

Soya futures on the Chicago Board of Trade turned higher and were trading around 4 to 6 cents up early on Thursday on call buying of options, talk of fund buying and on a big number for soya in USDA's weekly export sales report, traders said. At 10:20 am
Published 31 Oct, 2008 12:00am
Meezan Bank establishes 125 branches across Pakistan

Meezan Bank establishes 125 branches across Pakistan

Meezan Bank Limited has successfully established over 125 branches spread over 35 major cities across Pakistan within a short span of six years. This growth in branch network is the fastest in the Banking history of Pakistan. The investment in the branch
Published 31 Oct, 2008 12:00am
US MIDDAY: gold inches up

US MIDDAY: gold inches up

US gold futures tracked the currency and energy markets to trade near unchanged on Thursday, retreating from a one-week high early following a US interest rate cut and an initial slide of the dollar. December up $1.40 at $755.40 an ounce on the COMEX divi
Published 31 Oct, 2008 12:00am
When will day traders come back?

When will day traders come back?

In the early part of 2005, the stock exchange had witnessed a devastating crisis resulting from an effort by the then SECP Chairman to introduce the mode of bank financing in place of Badla Financing. In fact, Badla financing had remained historically a s
Published 31 Oct, 2008 12:00am
Japan's 'working poor' at risk as recession hits

Japan's 'working poor' at risk as recession hits

When Miwa Takeuchi found out her part-time clerical job had been outsourced to a Japanese temp staffing agency and she'd have to work longer hours for lower pay, she was relieved. At least she was still employed. Three years later, Takeuchi, a single moth
Published 31 Oct, 2008 12:00am
Socialism in US? Taxes dominate final weeks of election

Socialism in US? Taxes dominate final weeks of election

With a financial system on the verge of meltdown and an economy facing a prolonged recession, the final weeks of the US election campaign have mostly focused on something much narrower: taxes. Some of it is attributable to the sheer complexity of the fina
Published 31 Oct, 2008 12:00am
Fatima Fertiliser: a much favoured project?

Fatima Fertiliser: a much favoured project?

Once again, the much-talked-about project of Fatima Fertiliser Company Limited, which is a joint venture of Fatima Group and Arif Habib Group, has made headlines. The commissioning of the new green-field fertiliser project, ventured in the country after a
Published 31 Oct, 2008 12:00am
At last, the right thing

At last, the right thing

The Army chief, General Ashfaq Pervaz Kiyani's decision to suspend work on the construction of a new GHQ in Islamabad at a time when the country faces a grave financial crisis, comes as pleasant news. An ISPR statement quoted General Kiyani as saying that
Published 31 Oct, 2008 12:00am
The aftermath of Balochistan tremors

The aftermath of Balochistan tremors

As pointed out in these columns in our issue of October 30, coming in the midst of President Zardari's all-out efforts for undoing the accumulated wrongs of political, economic and social dimensions, from a multi-prong thrust of national reconciliation, t
Published 31 Oct, 2008 12:00am
Water-testing labs

Water-testing labs

The government is planning to establish 17 water-testing laboratories in the country under "Safe Drinking Water" programme, to check the quality of drinking water, says a news report. Officials involved in the project claim that work on 11 laboratories ha
Published 31 Oct, 2008 12:00am
LHC directs SWM official to appear before court

LHC directs SWM official to appear before court

The Lahore High Court on Thursday directed district officer Solid Waster Management (SWM) to appear before the court till November 3 with all relevant record in a petition challenging his orders placing services of SWM staff under the co-ordinators by wit
Published 31 Oct, 2008 12:00am
Government asked to ensure equitable returns to Basmati farmers

Government asked to ensure equitable returns to Basmati farmers

Basmati Growers Association (BGA) has asked the Government to ensure equitable returns to Basmati farmers. The Government has announced Rs 1,500 per 40 kg for Super Basmati paddy, which needs to be ensured at all costs. Although the rate announced is much
Published 31 Oct, 2008 12:00am
Tevta to expand scope for training youth

Tevta to expand scope for training youth

In line with the policies of the Government of the Punjab and mandate of the authority, Technical and Vocational Training Authority (Tevta) has planned to expand the scope of technical training to the youth.
Published 31 Oct, 2008 12:00am
THE RUPEE: dollar up five paisa

THE RUPEE: dollar up five paisa

Range-bound trading was seen on the interbank market on Thursday as the rupee showed gradual fall of five paisa against the dollar for buying and selling at 81.70 and 81.75, currency experts said. Commenting on the currency movements they said that the ru
Published 31 Oct, 2008 12:00am
Doctors protest arrest of colleague

Doctors protest arrest of colleague

Doctors of Services Hospital Lahore on Thursday blocked the Jail Road to protest against the arrest of their colleague Dr Shafqat by police in a case involving the death of a patient. Due to protest of doctors, traffic remained blocked for about two hours
Published 31 Oct, 2008 12:00am
PMA institutes relief fund for Balochistan

PMA institutes relief fund for Balochistan

Pakistan Medical Association (PMA - Karachi) has appealed citizens to donate essential drugs, medical supplies, blankets and warm clothes, for victims of earthquake in Balochistan, at PMA House Garden Road. The PMA officials here on Thursday said they hav
Published 31 Oct, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (October 30, 2008).

Published 31 Oct, 2008 12:00am
PCGA meets to discuss lint purchase issue

PCGA meets to discuss lint purchase issue

The executive Committee of Pakistan Cotton Ginners Association (PCGA) met here on Thursday to discuss the issue of lint purchase by Trading Corporation of Pakistan (TCP). Talking to newsmen Chaudhry Muhammad Akram Jatt, Chairman PCGA, said that advisor to
Published 31 Oct, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (October 30, 2008).

Published 31 Oct, 2008 12:00am
Country can earn more by exporting fresh fruit: vice chancellor UAF

Country can earn more by exporting fresh fruit: vice chancellor UAF

Pakistan can earn more foreign exchange by exporting the fresh fruits and vegetables by providing and establishing CA technology network in the country as it reduces the freight charges up to 5 times. This was stated by Professor Dr Iqrar Ahmad Khan VC UA
Published 31 Oct, 2008 12:00am
Lawyers hold protest rally with renewed spirit

Lawyers hold protest rally with renewed spirit

Lawyers held a "mammoth protest rally" on Thursday to press the government to reinstate all the sacked judges. Former judge of High Court, justice Jehangir Arshad, suspended President Mehmood Ashraf Khan and General Secretary Naveed Akhtar of High Court B
Published 31 Oct, 2008 12:00am
Writ petition filed against Musharraf

Writ petition filed against Musharraf

A senior lawyer Khadim Hussain Nadeem Ahmed Thaheem has filed a writ petition in Lahore High Court Multan against Pervez Musharraf for his trial under article 6 of the constitution because he had violated the constitution and he was also involved in massi
Published 31 Oct, 2008 12:00am
Need of awareness against corruption in all sectors stressed

Need of awareness against corruption in all sectors stressed

A seminar was held on the topic of "Say no to corruption" under the auspices of Liberal Forum Pakistan (LFP) in District Press Club Toba Tek Singh where speakers stressed the need of creating awareness among the public against corruption in both governmen
Published 31 Oct, 2008 12:00am
THE RUPEE: dollar up five paisa

THE RUPEE: dollar up five paisa

Range-bound trading was seen on the interbank market on Thursday as the rupee showed gradual fall of five paisa against the dollar for buying and selling at 81.70 and 81.75, currency experts said. Commenting on the currency movements they said that the ru
Published 31 Oct, 2008 12:00am
'Hanging Palin' taken down

'Hanging Palin' taken down

The controversial Halloween display of an effigy of Republican vice presidential candidate Sarah Palin hanging by a noose outside a home near Los Angeles has been taken down, local authorities said Thursday.
Published 31 Oct, 2008 12:00am
Joe the Absentee leaves McCain fumbling

Joe the Absentee leaves McCain fumbling

He's become a mascot of John McCain's attempts to paint Barack Obama as a tax-and-spend liberal determined to hit ordinary working class Americans in the pocket. But on Thursday "Joe the Plumber" became "Joe the Absentee."
Published 31 Oct, 2008 12:00am
Racial jokes make 'news' in America

Racial jokes make 'news' in America

As Barack Obama closes in on his bid to become the first African-American US president, racial politics have burst into mainstream media with the release this month of two "news" shows anchored by black comedians. But while some applaud the emergence of m
Published 31 Oct, 2008 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Thursday (October 30, 2008).

Published 31 Oct, 2008 12:00am
Racial jokes make 'news' in America

Racial jokes make 'news' in America

As Barack Obama closes in on his bid to become the first African-American US president, racial politics have burst into mainstream media with the release this month of two "news" shows anchored by black comedians. But while some applaud the emergence of m
Published 31 Oct, 2008 12:00am
HRCP to show documentary on Bajaur operation

HRCP to show documentary on Bajaur operation

Human Rights Commission of Pakistan (HRCP) has decided to show a short documentary presentation on Thursday to highlight the impact of military operations in Bajuar on the lives of women and children.
Published 31 Oct, 2008 12:00am
Tehrik-e-Jafaria condemns sectarian killing in Dera Ismail Khan

Tehrik-e-Jafaria condemns sectarian killing in Dera Ismail Khan

Allama Sajid Ali Naqvi, Chief of Tehrik-e-Jafaria (TJ) has strongly condemned the assassination of three shiites in Dera Ismail Khan on Wednesday and said that Shiites are feeling themselves insecure and unsafe in Parachinar, Bhakkar, Dera Ismail Khan and
Published 31 Oct, 2008 12:00am
IGP told to resolve traffic wardens' issue within two months

IGP told to resolve traffic wardens' issue within two months

The Lahore High Court has directed Inspector General of Punjab Police to resolve the matter of 10 traffic wardens within two months who were allegedly declare physically unfit for the posts and the department have issued them show cause notices for their
Published 31 Oct, 2008 12:00am
Talent Management: fair on career organised

Talent Management: fair on career organised

ACCA Pakistan organised Talent Management 2008 careers fair at a local hotel on Thursday. The event aimed at bringing the student community and ACCA approved employers together in hopes of providing both an opportunities to interact with one another and a
Published 31 Oct, 2008 12:00am
Bullion Rates

Bullion Rates

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

Published 31 Oct, 2008 12:00am
TCP to purchase Phutti at Rs 1,500 per maund

TCP to purchase Phutti at Rs 1,500 per maund

Federal government has announced to purchase raw cotton (Phutti) at Rs 1500 per maund through Trading Corporation of Pakistan (TCP) for safeguarding farmer's interest, similarly the federal government fixed Minimum Indicative Price (MIP) of Super Basmati
Published 31 Oct, 2008 12:00am
Bullion Rates

Bullion Rates

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

Published 31 Oct, 2008 12:00am
Industrialists urged to control energy wastage

Industrialists urged to control energy wastage

Chief Executive Faisalabad Electric Supply Company (Fesco) Ahmad Saeed Akhtar said the country could not afford wastage of energy in the prevailing circumstances, urging industrialist to come up with practical measures to end energy wastage and reduce cos
Published 31 Oct, 2008 12:00am
NJLI Managed Fund prices

NJLI Managed Fund prices

New Jubilee Life Insurance Company has announced the offer and bid price per unit for the following funds effective from Thursday, (October 30, 2008).

Published 31 Oct, 2008 12:00am
Two jail employees booked

Two jail employees booked

Two jail employees including a lady warden were booked on the charges of supplying narcotics to inmates during last two months. Qazi Muhammad Aslam, Superintendent Central Jail disclosed that cases have been registered against lady warden Khursheed Bibi a
Published 31 Oct, 2008 12:00am
NJLI Managed Fund prices

NJLI Managed Fund prices

New Jubilee Life Insurance Company has announced the offer and bid price per unit for the following funds effective from Thursday, (October 30, 2008).

Published 31 Oct, 2008 12:00am
NJLI Managed Fund prices

NJLI Managed Fund prices

New Jubilee Life Insurance Company has announced the offer and bid price per unit for the following funds effective from Thursday, (October 30, 2008).

Published 31 Oct, 2008 12:00am
PTI to launch membership campaign

PTI to launch membership campaign

Pakistan Tahreek-e-Insaf (PTI) is launching a membership campaign here in the second week of November. According to sources, the 15-day campaign would start between November 10 and 16, however, the date is yet to be fixed. Pakistan Tahreek-e-Insaf chief I
Published 31 Oct, 2008 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (October 30, 2008).

Published 31 Oct, 2008 12:00am
Country's existence is linked with freedom of judiciary: Imran

Country's existence is linked with freedom of judiciary: Imran

Chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan has said country's existence is linked with freedom of judiciary, adding judiciary would be free when Iftikhar Mohammad Chaudhry will resume his duties as Chief Justice Pakistan.
Published 31 Oct, 2008 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Thursday (October 30, 2008)and for Friday (October 31, 2008).
Published 31 Oct, 2008 12:00am
PML-N to mark November 3 as solidarity day with sacked judges

PML-N to mark November 3 as solidarity day with sacked judges

Pakistan Muslim League-Nawaz (PML-N) has decided to celebrate Nov3 as a day of solidarity with sacked judges, including chief justice Iftikhar Muhammad Chaudhry. A PML-N spokesman said that the party would organise rallies in the provincial, divisional an
Published 31 Oct, 2008 12:00am
Kidney conference to be held on November 3

Kidney conference to be held on November 3

The doctors and experts from all over the country would participate in the Kidney Conference 2008 scheduled to be held here in the city on November 3. The major purpose of this conference is to provide cheap and proper treatment facilities to poor people
Published 31 Oct, 2008 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (October 30, 2008).

Published 31 Oct, 2008 12:00am
181 cases of dengue fever reported in Punjab: situation under control

181 cases of dengue fever reported in Punjab: situation under control

A total number of 181 cases of dengue fever have been reported so far in Punjab, out of which 147 cases were reported in Lahore alone. Punjab Health Services Director General Dr Aslam Chaudhry said this while addressing a seminar on "Dengue fever" held at
Published 31 Oct, 2008 12:00am
US gold higher

US gold higher

US gold futures ended nearly 2 percent higher after hitting a one-week high on Wednesday as a sharply weakened dollar and oil rally triggered heavy buy-stops ahead of a key interest rate decision by the Federal Reserve.
Published 31 Oct, 2008 12:00am
Economic stabilisation programme endorsed

Economic stabilisation programme endorsed

Finance Secretary Dr Waqar Masood, on Thursday said International Monetary Fund (IMF) has endorsed Pakistan''s Economic Stabilisation Programme meant to steer the national economy out of the financial crisis. Talking to Business Recorder on his arr
Published 31 Oct, 2008 12:00am
Oil extends rises above $70

Oil extends rises above $70

Oil rose above $70 a barrel on Thursday, building on its more than 7 percent surge in the previous session, after a US Federal Reserve interest rate cut led the US dollar to its biggest daily fall in 23 years. Asian stock markets gained for a third day, w
Published 31 Oct, 2008 12:00am
UAE sets November 17 for meeting

UAE sets November 17 for meeting

Potential donors to Pakistan will meet in Abu Dhabi on November 17 to discuss urgent help in a financial crisis that has left the country needing billions of dollars in loans, the UAE foreign minister said on Thursday. "It is an important conference," She
Published 31 Oct, 2008 12:00am
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