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Nov 28, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2008-11-08
New Zealand shares close down

New Zealand shares close down

New Zealand share prices closed 1.71 percent lower on Friday, as investors took their cue from further falls in US and other international markets, dealers said. The benchmark NZX-50 index fell 48.48 points to 2,791.65 on thin turnover worth 49.63 million
Published 08 Nov, 2008 12:00am
Yuan edges down

Yuan edges down

The yuan ended fractionally lower against the dollar on Friday, following the central bank's unwavering guidance toward stability against the US currency although this month's global financial summit in Washington may offer fresh impetus.
Published 08 Nov, 2008 12:00am
Yen pares gains

Yen pares gains

The yen pared gains against the euro and sterling on Friday as Tokyo shares bounced off earlier lows in a volatile session. The yen had risen earlier as Tokyo shares fell by more than 7 percent at one point, but trimmed its gains when the Nikkei recovered
Published 08 Nov, 2008 12:00am
Euro slides

Euro slides

The euro fell broadly on Thursday after the European Central Bank cut interest rates by half a percentage point, disappointing investors who thought sluggish economic growth called for a more aggressive move. The ECB's decision to reduce borrowing costs t
Published 08 Nov, 2008 12:00am
Australian dollar off lows

Australian dollar off lows

The Australian dollar recovered from a one-week low on Friday, helped by a pick-up in risk appetite after Asian stocks bounced, but a worsening global economic outlook is expected to limit gains. Japan's Nikkei pared losses and US stock futures pointed to
Published 08 Nov, 2008 12:00am
Asian currencies move both ways

Asian currencies move both ways

Asian currencies were mixed on Friday, with the South Korean won reversing earlier losses in line with local stocks while the Indonesian rupiah fell amid persistent fears of a sharp global downturn. The won rose almost 2.8 percent to 1,294.8 per dollar, r
Published 08 Nov, 2008 12:00am
Swiss franc little moves

Swiss franc little moves

The Swiss franc was weaker against the euro on Friday, giving up some of the gains it made in the wake of a European Central Bank rate cut on Thursday that analysts said was not bold enough. The ECB cut its benchmark interest rates by 50 basis points on T
Published 08 Nov, 2008 12:00am
Indian army concerned by colonel's arrest over bombing

Indian army concerned by colonel's arrest over bombing

India's defence minister voiced concern on Friday about the alleged role of an army colonel in funding and providing explosives to a right-wing Hindu group accused of bombing a Muslim town. Lieutenant Colonel Shrikant Purohit was arrested by anti-terror p
Published 08 Nov, 2008 12:00am
Turkish ruling party replaces deputy leader

Turkish ruling party replaces deputy leader

A powerful deputy chairman of Turkey's ruling AK Party resigned on Friday, a party member said, after months of pressure from the opposition accusing him of corruption and undermining the secular state. Dengir Mir Mehmet Firat was replaced by former Inter
Published 08 Nov, 2008 12:00am
Paul McCartney steals show at MTV Europe awards

Paul McCartney steals show at MTV Europe awards

Former Beatle Paul McCartney stole the show at the MTV Europe Music Awards on Thursday, accepting a one-off prize from the pop channel in his home city of Liverpool to deafening applause. The 66-year-old was named Ultimate Legend at the 15th edition of th
Published 08 Nov, 2008 12:00am
Talabani hints he might veto minorities bill

Talabani hints he might veto minorities bill

Iraq's President Jalal Talabani, whose three-member Presidency Council vets all legislation, has hinted he might veto a bill guaranteeing council seats to minorities, which they complain gives them too few seats. A statement from Talabani's office posted
Published 08 Nov, 2008 12:00am
New king vows to shield Bhutan in globalised world

New king vows to shield Bhutan in globalised world

Bhutan's new king vowed Friday to shield his remote, staunchly traditional and insular Himalayan nation from the negative forces of globalisation. In a speech the day after his lavish coronation ceremony, 28-year-old Jigme Khesar Namgyel Wangchuck said he
Published 08 Nov, 2008 12:00am
Zuma says SADC summit must 'force' Zimbabwe deal

Zuma says SADC summit must 'force' Zimbabwe deal

Southern African leaders must force Zimbabwe's sparring parties to break the deadlock over a power-sharing agreement at a summit this weekend, the leader of South Africa's ruling ANC said on Friday. "As far as I'm concerned SADC must make those Zimbabwean
Published 08 Nov, 2008 12:00am
Afghan probe confirms 37 civilians killed in US air strike

Afghan probe confirms 37 civilians killed in US air strike

An Afghan investigation has found that 37 civilians were killed in US air strikes that hit a wedding party, along with 26 Taliban, the Kandahar provincial government said Friday. President Hamid Karzai had said "around 40" civilians were killed in the str
Published 08 Nov, 2008 12:00am
Saudi man executed for starting deadly jail fire

Saudi man executed for starting deadly jail fire

A Saudi man was beheaded by the sword on Friday after he was convicted of deliberately starting a prison fire which killed 69 inmates in September 2003, the interior ministry said. Saad bin Fhaid al-Sebaiei was executed in Riyadh after he was found guilty
Published 08 Nov, 2008 12:00am
Iraqi and Taliban militants demand Barack Obama pull US forces out

Iraqi and Taliban militants demand Barack Obama pull US forces out

An Iraqi insurgent coalition and the Taliban warned US President-elect Barack Obama to withdraw US forces from Iraq and Afghanistan or face more resistance, US monitoring groups reported on Thursday. The messages express an openness to new relations with
Published 08 Nov, 2008 12:00am
Indian Prime Minister to head to Oman, Qatar

Indian Prime Minister to head to Oman, Qatar

Indian Prime Minister Manmohan Singh, who will head to the Gulf this weekend for talks in Oman and Qatar, said Friday he hoped to boost trade and win new investments from countries in the region. "The Gulf region is an area of vital importance for India's
Published 08 Nov, 2008 12:00am
Use brain not brawn, Dubai ruler urges new US leadership

Use brain not brawn, Dubai ruler urges new US leadership

The ruler of Dubai Friday urged the incoming US administration to use "brain" instead of "brawn" in solving world crises, in a clear dig at the outgoing administration of President George W. Bush. "I say to the new (US) administration that crises are not
Published 08 Nov, 2008 12:00am
Medvedev urges vigilance after bomb blast

Medvedev urges vigilance after bomb blast

Russia faces a lingering terrorist threat and cannot drop its guard, President Dmitry Medvedev said on Friday, a day after a suspected suicide bombing killed 12 people. Security officials said they suspected a woman had blown herself up in Thursday's blas
Published 08 Nov, 2008 12:00am
Congo fighting flares, summit calls for ceasefire

Congo fighting flares, summit calls for ceasefire

Fighting between rebels and Congo fighting flares, summit calls for ceasefire government troops flared in east Congo on Friday, and African leaders called for an immediate ceasefire to end a conflict the UN said could engulf the Great Lakes region.
Published 08 Nov, 2008 12:00am
Chinese official ends turbulent Taiwan trip

Chinese official ends turbulent Taiwan trip

A Chinese official left Taiwan on Friday after a turbulent visit that produced landmark trade agreements but also sparked angry protests by thousands opposed to China's claim of sovereignty over the self-ruled island. Chen Yunlin, China's top negotiator o
Published 08 Nov, 2008 12:00am
Iraqi official backs Obama withdrawal plan

Iraqi official backs Obama withdrawal plan

A senior Iraqi official on Thursday explicitly backed US President-elect Barack Obama's plans to withdraw combat troops from the country by mid-2010, Baghdad's clearest endorsement yet of Obama's exit strategy. The outgoing administration of President Geo
Published 08 Nov, 2008 12:00am
Thousands rally against Georgian leader

Thousands rally against Georgian leader

More than 10,000 Georgian opposition supporters rallied on Friday against President Mikheil Saakashvili, piling pressure on his government after its crushing military defeat by Russia. The rally in the capital Tbilisi marked the first anniversary of a cra
Published 08 Nov, 2008 12:00am
UK Labour Party in surprise win

UK Labour Party in surprise win

Britain's ruling Labour Party won a surprise election victory in a Scottish town on Friday, a sign Prime Minister Gordon Brown's handling of the financial crisis has revived his political fortunes. Just months ago, some Labour members openly questioned Br
Published 08 Nov, 2008 12:00am
Solana wants more nuclear talks: Iran

Solana wants more nuclear talks: Iran

Iran said on Friday EU foreign policy chief Javier Solana had urged the Islamic state to hold fresh talks to remove remaining concerns over its disputed nuclear programme, the students' news agency ISNA reported. It said Solana, in a letter addressed to I
Published 08 Nov, 2008 12:00am
Israel urges US not to rule out military option in Iran

Israel urges US not to rule out military option in Iran

Israeli Defence Minister Ehud Barak on Friday issued a thinly veiled call for the United States not to rule out the possibility of a military strike against Iran because of its nuclear ambitions. "We don't rule out any option. We recommend others don't ru
Published 08 Nov, 2008 12:00am
'Palestinian state coming soon'

'Palestinian state coming soon'

US Secretary of State Condoleezza Rice said on Friday Palestinians should soon have their own state, though she has made it clear she does not expect a breakthrough before Barack Obama moves into the White House.
Published 08 Nov, 2008 12:00am
Sterling nears record low

Sterling nears record low

Sterling hovered near a record low against the euro on Friday and hit a 12-year low on a trade-weighted basis after Thursday's shock 150 basis point cut by the Bank of England failed to alleviate fears of a deep UK recession. The UK currency rose against
Published 08 Nov, 2008 12:00am
Indian rupee recovers losses

Indian rupee recovers losses

The Indian rupee clawed back early losses to end flat on Friday as a rally in the stock market spurred investors to sell dollars at higher levels on expectations of renewed capital inflows. The partially convertible rupee ended at 47.65/66 per dollar, vir
Published 08 Nov, 2008 12:00am
Dollar slips broadly in London

Dollar slips broadly in London

The dollar slipped against major currencies on Friday as a rebound in European share prices eased some risk aversion fears, but trade was subdued ahead of US payrolls data later in the day. Investors tentatively sold off the dollar and low-yielding yen an
Published 08 Nov, 2008 12:00am
Asian bond spreads widen despite global rate cuts

Asian bond spreads widen despite global rate cuts

Asian bond spreads widened on Friday amid concerns about a deep slowdown in the global economy, despite hefty interest rate cuts by central banks world-wide. Weak corporate outlooks, bleak US retail sales data, and an International Monetary Fund forecast
Published 08 Nov, 2008 12:00am
Asian bond spreads widen despite global rate cuts

Asian bond spreads widen despite global rate cuts

Asian bond spreads widened on Friday amid concerns about a deep slowdown in the global economy, despite hefty interest rate cuts by central banks world-wide. Weak corporate outlooks, bleak US retail sales data, and an International Monetary Fund forecast
Published 08 Nov, 2008 12:00am
Friday's mid-afternoon trade: Wall Street buoyed by search for bargains

Friday's mid-afternoon trade: Wall Street buoyed by search for bargains

US stocks rose on Friday after two days of sharp losses as investors scooped up beaten-down shares, including energy and technology, and brushed aside signs of a worsening economy. Although a government report showed US employers cut payrolls by 240,000 i
Published 08 Nov, 2008 12:00am
Indian shares gain 2.36 percent

Indian shares gain 2.36 percent

Indian shares rose 2.36 percent on Friday after European markets surged and on hopes that overseas fund inflows would improve in coming weeks, dealers said. The benchmark 30-share Sensex index rose 230.07 points to 9,964.29.
Published 08 Nov, 2008 12:00am
Credit spreads marginally tighter

Credit spreads marginally tighter

European credit spreads were marginally tighter late on Friday, following a rise in European and US stocks even after data showed a steep rise in US job losses. By 1630 GMT, the Markit iTraxx Crossover index, made up of 50 mostly "junk"-rated credits, was
Published 08 Nov, 2008 12:00am
Credit spreads marginally tighter

Credit spreads marginally tighter

European credit spreads were marginally tighter late on Friday, following a rise in European and US stocks even after data showed a steep rise in US job losses. By 1630 GMT, the Markit iTraxx Crossover index, made up of 50 mostly "junk"-rated credits, was
Published 08 Nov, 2008 12:00am
FTSE 100 rises 2.17 percent

FTSE 100 rises 2.17 percent

Britain's FTSE 100 rose 2.17 percent on Friday, weathering worse-than-expected US jobs data as oil shares strode higher and British Airways leapt after holding its profit forecast. The FTSE 100 closed up 92.55 points at 4,364.96. The index bounced from a
Published 08 Nov, 2008 12:00am
US copper down over 5 percent

US copper down over 5 percent

US copper futures lost more than 5 percent by the close on Thursday as underlying economic gloom and renewed strength in the dollar reinvigorated another bearish push to the downside. Copper for December delivery slipped 9.35 cents, or 5.1 percent, to clo
Published 08 Nov, 2008 12:00am
Copper retreats

Copper retreats

Copper reversed earlier gains and drifted lower on Friday as gloomy macroeconomic data from the United States reinforced fears of a recession and further weakened the demand outlook for metals. Copper for three-month delivery on the London Metal Exchange
Published 08 Nov, 2008 12:00am
Oil prices rise

Oil prices rise

Oil rose slightly on Friday as the dollar slumped following bleak employment data in the United States, the world's top energy consumer. US crude settled up 27 cents to $61.04 a barrel off earlier highs of $62.82 a barrel. London Brent crude for December
Published 08 Nov, 2008 12:00am
London sugar, coffee edge up

London sugar, coffee edge up

Sugar and coffee futures rose on Friday, aided by a softer dollar after weaker-than-expected US non-farm payrolls data, but an increasingly grim global economic outlook helped to limit gains. The dollar fell against the euro and a basket of major currenci
Published 08 Nov, 2008 12:00am
US gold lower

US gold lower

US gold futures more than 1 percent on Thursday, erasing early session gains as fresh worries about a global recession prompted funds to ditch all assets from gold to commodities and stocks. December settled down $10.20, or 1.4 percent, to $732.20 an ounc
Published 08 Nov, 2008 12:00am
European gold stays firm

European gold stays firm

Gold remained firm on Friday after weaker-than-expected US non-farm payrolls data, as the dollar softened a touch against the euro and oil ticked up. Spot gold was quoted at $736.25/738.25 at 1456 GMT against $731.55 in late New York trade on Thursday.
Published 08 Nov, 2008 12:00am
US MIDDAY: sugar rises

US MIDDAY: sugar rises

Raw sugar futures on ICE Futures US at 1345 GMT. March raw sugar contract rose 0.16 cent, or 1.4 percent, to 12.03 cents per lb. Trading from 11.82 to 12.06 cents. Volume 8,815 lots. Sugar bounced higher, after closing down 6 percent Thursday, with a mild
Published 08 Nov, 2008 12:00am
US MIDDAY: soya, corn, wheat rebound

US MIDDAY: soya, corn, wheat rebound

Soyabeans, corn and wheat futures at the Chicago Board of Trade rose early on Friday on a technical bounce with added support from higher US stocks and crude oil prices, traders said. November soyabeans were up 9-1/4 cents at $9.08-3/4 a bushel, December
Published 08 Nov, 2008 12:00am
US MIDDAY: copper lower

US MIDDAY: copper lower

US copper futures surrendered earlier gains and drifted to a lower close on Friday after bleak unemployment data reinforced fears of recession and dampened the outlook for raw materials demand. Copper for December delivery fell 2.85 cents to settle at $1.
Published 08 Nov, 2008 12:00am
US MIDDAY: gold moves up

US MIDDAY: gold moves up

New York gold futures rose in mixed trade and light volume on Friday as the dollar weakened after a government report showed US job losses were worse than expected in October. December gold up $6.30 at $738.20 an ounce on the COMEX division of the New Yor
Published 08 Nov, 2008 12:00am
Tevta working as per Punjab's agro-based policy

Tevta working as per Punjab's agro-based policy

The Chairman, Technical and Vocational Training Authority (Tevta), Mohsin Syed has said that the Authority is working according to Punjab Chief Minister, Muhammad Shahbaz Sharif's agro-based policy offering short courses related to agriculture.
Published 08 Nov, 2008 12:00am
LRGMA refuses to close shops at 8pm

LRGMA refuses to close shops at 8pm

Lahore Retailers and General Merchants Association (LRGMA) have strongly opposed the government's decision of closing down shops after 8:00pm refused to follow the new schedule planned for their business hours. 'No market in Lahore will observe this sched
Published 08 Nov, 2008 12:00am
World Science Day for Peace on November 10

World Science Day for Peace on November 10

Pakistan Science Foundation, Ministry of Science and Technology, would organise various activities in collaboration with Unesco and other organisations to observe November 10 as World Science Day for Peace and Development (WSDPD).
Published 08 Nov, 2008 12:00am
AJK government orders speedy rehabilitation of Mangla dam IDPs

AJK government orders speedy rehabilitation of Mangla dam IDPs

The Government of Azad Jammu Kashmir has directed Mangla Dam Resettlement Organisation to accelerate the pace of work for timely resettlement of Mangla dam victims displaced due to ongoing upraising project. The official sources told APP here on Friday th
Published 08 Nov, 2008 12:00am
School books scrutiny by board of Ulema favoured

School books scrutiny by board of Ulema favoured

Provincial Auqaf and Religious Affairs Minister Haji Ehsanuddin Qureshi said on Friday that he favoured the suggestion that books published by private schools be scrutinised by a board of clerics and that publishers should obtain a no-objection certificat
Published 08 Nov, 2008 12:00am
Fixed rate system for cab drivers demanded

Fixed rate system for cab drivers demanded

The Commuters of the twin cities of Rawalpindi and Islamabad have urged the concerned to introduce system of fix rates for cab drivers and revive meter system to control fleecing of the public by the drivers. The Cab drivers in federal capital and Rawalpi
Published 08 Nov, 2008 12:00am
Work on another diplomatic enclave to start shortly

Work on another diplomatic enclave to start shortly

The Capital Development Authority (CDA) would shortly initiate construction work on another Diplomatic Enclave in the federal capital to accommodate the embassies and foreign missions operating in residential areas.
Published 08 Nov, 2008 12:00am
'Energy crisis to be overcome with increased power generation'

'Energy crisis to be overcome with increased power generation'

Director General Energy Management Pepco Tahir Basharat Cheema on Friday said a number of power generation projects are at various stages of completion to meet the soaring consumer demand. Talking to a private TV news channel, he said energy crisis could
Published 08 Nov, 2008 12:00am
Minister seeks bankers' active role for economic stability

Minister seeks bankers' active role for economic stability

NWFP Minister for Finance Engr Muhammad Hamayun Khan on Friday said that the bankers could play an active role in the development and economic stability of the country. He assured the banks and financial institutions of NWFP that the provincial government
Published 08 Nov, 2008 12:00am
Pakistan and Japan joint study group to hold talks from Monday

Pakistan and Japan joint study group to hold talks from Monday

The Joint Study Group (JSG) of Pakistan and Japan will hold second round of talks here from Monday to examine and finalise various recommendations including Free Trade Agreement (FTA), Special Economic Zone and other areas of co-operation between the two
Published 08 Nov, 2008 12:00am
Mirwaiz chalks out strategy to counter sham polls in IHK

Mirwaiz chalks out strategy to counter sham polls in IHK

The Jammu and Kashmir Co-ordination Committee in occupied Kashmir on Friday announced its programme to counter the so-called assembly elections in the Indian Held Kashmir. According to Kashmir Media Service, the Chairman of All Parties Hurriyet Conference
Published 08 Nov, 2008 12:00am
Army family quarters inaugurated

Army family quarters inaugurated

Corps Commander Rawalpindi, Lieutenant General Tahir Mahmood on Friday inaugurated the newly constructed family quarters for Junior Commissioned Officers and Soldiers at Westridge Rawalpindi. Later, the Corps Commander visited the family quarters for Juni
Published 08 Nov, 2008 12:00am
Warm coats, burners for Bajaur IDPs

Warm coats, burners for Bajaur IDPs

The NWFP Governor Owais Ahmed Ghani on Friday handed over a consignment of 3000 warm coats and 150 burners to the NWFP Branch of Pakistan Red Crescent for distribution amongst the displaced persons of Bajaur Agency in relief camps set up in District Dir.
Published 08 Nov, 2008 12:00am
An appeal to aid Pakistan

An appeal to aid Pakistan

Please refer to the letter of Colonel Riaz Jafri (Retd) published in Business Recorder on October 21, 2008 which is quite correct and we highly appreciate the financial assistance by Dr Yasir Khan from Australia.
Published 08 Nov, 2008 12:00am
Murder in the name of honour

Murder in the name of honour

The subcontinent has a shameful history of tolerating murder of women on one pretext or another. In India young brides are burnt by in-laws for the crime of bringing lesser dowry, a crime which mostly goes unpunished. Women belonging to Dalits are raped,
Published 08 Nov, 2008 12:00am
Germans profited from art looted from Jews

Germans profited from art looted from Jews

It was one of the biggest thefts in history - the forced transfer of Jewish-owned businesses, homes and art collections to German "Aryan" ownership. Long before the Kristallnacht pogrom of November 9, 1938, the Nazis systemically began seizing possessions
Published 08 Nov, 2008 12:00am
New Zealand conservatives favoured to win general election

New Zealand conservatives favoured to win general election

New Zealand's conservative National Party is poised to sweep from power the Labour-led coalition that has governed for nine years, according to election-eve opinion surveys published Friday. But the polls indicate that up to 1-in-10 voters are still undec
Published 08 Nov, 2008 12:00am
The role of ports and shipping in regional cooperation - I

The role of ports and shipping in regional cooperation - I

The international shipping industry is responsible for the carriage of some 92% of world trade and is the lifeblood of the global economy. Without shipping, intercontinental trade, the bulk transport of raw materials, and import/export of affordable food,
Published 08 Nov, 2008 12:00am
Cabinet decisions

Cabinet decisions

Providing details of the Cabinet decisions, the Federal Information Minister Sherry Rehman revealed that a 1.2 billion rupee relief package for the textile sector consisting of an extension of the interest reimbursement facility to 30th June 2009 with the
Published 08 Nov, 2008 12:00am
Obama on Kashmir

Obama on Kashmir

The people of Pakistan are not thrilled but certainly pleased at President-elect Barack Obama's expressed interest in 'facilitating' the solution of Kashmir problem. He appears to believe that if the Kashmir issue is resolved Pakistan would "stay focused,
Published 08 Nov, 2008 12:00am
Power shutdown notice

Power shutdown notice

According to Iesco press release, power supply will remain suspended due to construction and maintenance work as per following schedule.
Published 08 Nov, 2008 12:00am
SHO, SI fined for illegally detaining father, son

SHO, SI fined for illegally detaining father, son

The Lahore High Court on Friday has imposed fine on Station House Officer (SHO), Khanqan Dopgran and a Sub-Inspector for illegally detaining a father and son. Earlier, a court bailiff submitted in his report that the detainees, Muhammad Nazir and his 12-y
Published 08 Nov, 2008 12:00am
Regional food festival inaugurated

Regional food festival inaugurated

Another great deal has added colours and festivity to the life of Karachiites when Pearl Continental Hotel Karachi started their Regional Food Festival at one of the most famous Pakistani and Continental Restaurant of the country "Chandni" which is locate
Published 08 Nov, 2008 12:00am
FBR plans to install 30 more CVT deduction stations

FBR plans to install 30 more CVT deduction stations

The Federal Board of Revenue (FBR) has decided to expand its computerised assessment of Capital Value Tax (CVT) system across the country as around 30 more CVT deduction stations will soon be established at Karachi in the first phase.
Published 08 Nov, 2008 12:00am
PHMA opposes deputation of sales tax officials at factories

PHMA opposes deputation of sales tax officials at factories

Pakistan Hosiery Manufacturers Association (PHMA) has opposed deputation of Sales Tax officials on the business premises of manufacturing units and other business establishments for monitoring production and other records and urged the government to revie
Published 08 Nov, 2008 12:00am
PSQCA organises food safety awareness programmes

PSQCA organises food safety awareness programmes

Awareness programs on food safety management system and environmental management system were organised by the System Certification Centre (SCC) of Pakistan Standards and Quality Control Authority (PSQCA) here from October 23 to November 1.
Published 08 Nov, 2008 12:00am
Mahmoud Haroon laid to rest

Mahmoud Haroon laid to rest

Veteran politician, ADC of Quaid-e-Azam Muhammad Ali Jinnah and former Governor of Sindh, Mahmoud A Haroon was laid to rest at Gizri graveyard on Friday, family sources said. His Namaz-e-Janaza was held at his residence Haroon Villa near old Mideast Hospi
Published 08 Nov, 2008 12:00am
Pakistan Post to be modernised, upgraded: Zehri

Pakistan Post to be modernised, upgraded: Zehri

Minister for Postal Services Mir Israrullah Zehri said on Friday that Pakistan Post would be modernised and upgraded throughout the country and brought at par with the international standards. This he said during his first visit to the Pakistan Post headq
Published 08 Nov, 2008 12:00am
JSIL takes action on SECP's directives to Mutual Funds

JSIL takes action on SECP's directives to Mutual Funds

As per directives of Securities and Exchange Commission of Pakistan (SECP), issued to all asset management companies, JS Investments Limited (JSIL) has revaluated its portfolio of debt securities of JS Income Fund (JS IF) and JS Aggressive Income Fund (JS
Published 08 Nov, 2008 12:00am
JSIL takes action on SECP's directives to Mutual Funds

JSIL takes action on SECP's directives to Mutual Funds

As per directives of Securities and Exchange Commission of Pakistan (SECP), issued to all asset management companies, JS Investments Limited (JSIL) has revaluated its portfolio of debt securities of JS Income Fund (JS IF) and JS Aggressive Income Fund (JS
Published 08 Nov, 2008 12:00am
Pakistan has fifth highest number of hungry people in world

Pakistan has fifth highest number of hungry people in world

Pakistan has the fifth highest number of hungry people in the world, of which 70 percent are women and a quarter of its population cannot afford two-time meal, whereas 85 percent earn below two dollars a day. This was stated by Manager, Women Rights, Acti
Published 08 Nov, 2008 12:00am
Sindh to regularise 15 Katchi Abadis soon: minister

Sindh to regularise 15 Katchi Abadis soon: minister

The Sindh Minister Katchi Abadis Engr. Muhammad Rafique has said that the regularisation of 932 Katchi Abadis were being worked out by the Sindh Government while 15 Katchi Abadis at different places would be regularised within one to two months.
Published 08 Nov, 2008 12:00am
Records of industrial zones being computerised

Records of industrial zones being computerised

In an effort to lure investment in a variety of available segments, Sindh Minister for Commerce and Industries M Rauf Siddiqui has said that the process of computerisation of existing records of industrial zones was underway and would be completed shortly
Published 08 Nov, 2008 12:00am
14 dengue virus patients confirmed

14 dengue virus patients confirmed

Sindh Health Minister Dr Saghir Ahmed has confirmed another 14 suspected patients of dengue virus, who were brought to different hospitals of the city during the last 24 hours. He said that out of these 14 patients four were shifted to Abbasi Shaheed Hosp
Published 08 Nov, 2008 12:00am
UHS introduces OSPEs for undergraduate students

UHS introduces OSPEs for undergraduate students

The Vice Chancellor (VC), University of Health Sciences (UHS), Professor Malik Hussain Mubbashar has said that the varsity for the first time in Pakistan has introduced the system of Objectively Structured Practical Examinations (OSPEs) at undergraduate l
Published 08 Nov, 2008 12:00am
Sindh University announces merit list for admissions

Sindh University announces merit list for admissions

Sindh University has announced first provisional merit list of candidates selected for admissions to disciplines under Bachelors degree program for academic session 2009 on Friday. The Director Admission has notified the list of candidates selected for ad
Published 08 Nov, 2008 12:00am
First convocation of Sir Adamjee Institute held

First convocation of Sir Adamjee Institute held

The first convocation of Sir Adamjee Institute Karachi was held recently at the institute's spacious, tastily decorated auditorium. Professor Dr Pirzada Qasim Raza Siddiqui, Vice-chancellor, University of Karachi was the chief guest on the occasion. The D
Published 08 Nov, 2008 12:00am
Benazir chair to be established at University of Karachi

Benazir chair to be established at University of Karachi

Mohtarma Shaheed Benazir Bhutto Chair is being established at the University of Karachi. This was announced by a spokesman of the institution here on Friday. He further stated that this very chair is being set up under the auspices of the government of Si
Published 08 Nov, 2008 12:00am
VaR-based cash margin schedule revised

VaR-based cash margin schedule revised

The Securities and Exchange Commission of Pakistan (SECP) has announced the revised schedule for imposition of additional value at risk (VaR) based cash margins in the Deliverable Futures Market (DFM). According to the revised schedule, 25 percent additio
Published 08 Nov, 2008 12:00am
Women's wing of five parties to work together

Women's wing of five parties to work together

Representatives of women's wings from five major political parties have agreed to work together to strengthen their women's wings and institutionalise positions for women in their parties.
Published 08 Nov, 2008 12:00am
Sindh to start micro health insurance scheme

Sindh to start micro health insurance scheme

Sindh Health Minister Dr Saghir Ahmed has said that the government would start micro health insurance scheme at district level to provide the masses of the province better medical facilities. This he said while addressing a meeting of health officials in
Published 08 Nov, 2008 12:00am
Silver jubilee of Pak-South Korea diplomatic ties celebrated

Silver jubilee of Pak-South Korea diplomatic ties celebrated

Capital Development Authority (CDA) and the Ministry of Foreign Affairs held flag hoisting ceremony to mark the silver jubilee of diplomatic ties with the Republic of Korea here on Friday. The ceremony took place at convention centre, where Korean Ambassa
Published 08 Nov, 2008 12:00am
14 MNAs on UK parliamentary study tour

14 MNAs on UK parliamentary study tour

A 14-member Parliamentary delegation from Pakistan is currently on a week long visit to UK to acquaint itself with the role and responsibilities of British Parliament and its members in the national, regional and constituency environments. The delegation
Published 08 Nov, 2008 12:00am
Zardari visit to Saudi Arabia proved successful: Babar

Zardari visit to Saudi Arabia proved successful: Babar

Federal Minister for Parliamentary Affairs, Dr Babar Awan on Friday said that Saudi Arabia had assured to assist Pakistan in overcoming the financial crisis. Addressing a delegation of small traders' welfare association, he said, Saudi leadership has also
Published 08 Nov, 2008 12:00am
The Weather

The Weather

The weather report on Friday (November 07, 2008) and the forecast for Saturday (November 08, 2008).

Published 08 Nov, 2008 12:00am
Obama's election welcomed

Obama's election welcomed

Political parties here have congratulated US people for electing a black President for the first time in their history. PML-N vice president Javed Hashmi, congratulating the Barrack Obama on his landslide victory, expressed hope that under Obama the Unite
Published 08 Nov, 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 Nov, 2008 12:00am
International community urged to support Pakistan

International community urged to support Pakistan

A British member of Parliament has urged the international community to come forward and extend complete support to Pakistan in overcoming its present difficulties. Speaking at the House of Commons debate last evening, Paul Goodman, the Opposition Conserv
Published 08 Nov, 2008 12:00am
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