News Archives for Print - 2008-11-10

Iqbal's birth anniversary celebrated with zeal in Sialkot

The birth anniversary of great philosopher and poet Allama Muhammad Iqbal was celebrated with usual zeal and enthusiasm in the city and other parts of Sialkot district on Sunday.

Published 10 Nov, 2008 12:00am

'Auditude' gives MySpace way to welcome pirated videos

MySpace and Auditude has rolled out an innovative solution to the problem of people posting pirated television show snippets on the Internet. Auditude technology automatically identifies user-posted segments of shows, then weaves in advertising for copyri

Published 10 Nov, 2008 12:00am

Technology sector may be next in restructuring wave

Technology companies may be the next group swept up in a restructuring wave that began on Wall Street. Purchases of computer hardware, software and services have already been affected by the global credit crisis that has slowed lending, and a broad recess

Published 10 Nov, 2008 12:00am

Over Rs 90 million income tax refund fraud unearthed

The Directorate-General of Intelligence and Investigation has busted an organised gang comprising Karachi-based commercial importers and tax officials in Karachi involved in obtaining bogus income tax refunds of over Rs 90 million on forged documents.

Published 10 Nov, 2008 12:00am

Pixton lets people connect through cartoons

Clive Goodinson has gone from writing a master's thesis on woodpeckers to trying to unite the world through online funnies. Goodinson and his wife, Daina, make up the two-person staff of Vancouver-based Pixton.com, a website that lets anyone be a cartooni

Published 10 Nov, 2008 12:00am

Chemicals: ENGRO CHEMICALS PAKISTAN LIMITED - Analysis of Financial Statements Financial Year 2002 - Q 2003 2008

Engro Chemicals is an agri-based company, engaged in the business of manufacturing and marketing of fertilisers. The company was incorporated in 1965 and formerly it was called Exxon Chemical Pakistan Limited until 1991.

Published 10 Nov, 2008 12:00am

Fund agrees to 200bps raise to 15 percent in discount rate: 31 percent rise in utility tariff on anvil

Pakistan is expected to make a formal request for a Stand-By Arrangement with the International Monetary Fund, in this week to avoid default on its foreign currency obligations, it is reliably learnt. The Fund Board of Directors is expected to take up the

Published 10 Nov, 2008 12:00am

Scripps cuts 400 jobs, latest hit for US newspaper industry

US media company EW Scripps Co announced on November 7 it would cut 400 jobs as the weak advertising market inflicted another blow on the struggling US newspaper industry. Scripps, which owns newspapers in 15 US markets and 10 television stations, also sa

Published 10 Nov, 2008 12:00am

Deutsche Post to shed thousands of US jobs

German logistics giant Deutsche Post will on Monday announce thousands of job losses in the United States in the wake of heavy losses, a German newspaper reported. In its edition to appear Monday the Frankfurter Allgemeine Zeitung (FAZ) says that group ch

Published 10 Nov, 2008 12:00am

Orange UK scales back broadband, IPTV plans

Mobile operator Orange has slowed its fixed-line broadband roll-out in Britain and returned to the drawing board on its planned Internet-based TV service as it grapples with the most competitive market in Europe.

Published 10 Nov, 2008 12:00am

Returns on Profit and Loss Sharing Investment Bank Accounts (JANUARY TO JUNE 2008)

Comparative table of returns being given banks on their Profit and Loss Sharing Investment Accounts and Term Deposits.

Published 10 Nov, 2008 12:00am

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (November 03 to November 08, 2008).

Published 10 Nov, 2008 12:00am

Size of first IMF tranche highly important

Although $200 million from Asian Development Bank received by the government as one-time assistance on Thursday has come handy, the size of amount the country expects to get from IMF as first tranche is highly important and crucial for putting the country

Published 10 Nov, 2008 12:00am

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Monday (10 November 2008).

Published 10 Nov, 2008 12:00am

Alico AIG Life American Life Insurance Company (Pakistan) Limited

Alico AIG Life has issued Weekly Unit Prices.

Published 10 Nov, 2008 12:00am

Keane's monkey's off his back says Benitez

Liverpool manager Rafa Benitez believes Irish international striker Robbie Keane has finally removed "the monkey" from his back and can go on to make an impact on his team's title bid.

Published 10 Nov, 2008 12:00am

Pakistan gets $200 million from IDB

Pakistan has received a $200 million loan from the Islamic Development Bank it is reliably learnt. The loan is on a floating rate for general purpose use and is repayable after one year.

Published 10 Nov, 2008 12:00am

Olympics: IOC chief expects more drugs shame from Beijing

International Olympic Committee chief Jacques Rogge expects "possibly" seven more positive doping cases from the Beijing Games, according to a report here Sunday. Speaking at a function in Vienna to celebrate the 100th anniversary of the Austrian Olympic

Published 10 Nov, 2008 12:00am

MySpace may develop digital music player

MySpace, the popular online social network owned by Rupert Murdoch's News Corp, could develop a digital music player in the future, pitting it against Apple Inc's hot-selling iPod. But there are no immediate plans to make or sell such a device, MySpace co

Published 10 Nov, 2008 12:00am

Golf: Wilson blows past big guns in blustery Shanghai

Rising Englishman Oliver Wilson upstaged golf's big guns with a 69 in blustery conditions to take a one-shot lead at 12 under after three rounds of the rain-delayed HSBC Champions here on Sunday.

Published 10 Nov, 2008 12:00am

Pakistan gets $200 million from IDB

Pakistan has received a $200 million loan from the Islamic Development Bank it is reliably learnt. The loan is on a floating rate for general purpose use and is repayable after one year.

Published 10 Nov, 2008 12:00am

Pakistan opener Jamshed out of Abu Dhabi series

Young opener Khurrum Manzoor replaced Nasir Jamshed in the Pakistan squad that left on Sunday for Abu Dhabi to play three one-day matches against the West Indies. Jamshed declared himself unfit for the tour hours before the team's departure as he had a hi

Published 10 Nov, 2008 12:00am

KKI staff members go into hiding

The staff of Khanani and Kalia International (Pvt) Ltd here has disappeared from the scene, fearing raids for arrest of some of them following FIA clampdown on a number of forex firms in Lahore and Karachi.

Published 10 Nov, 2008 12:00am

Chelsea deny plans to quit the Bridge

Chelsea on Sunday denied a newspaper report which claims the London club is planning a move to a new stadium. A report in The Observer claims the Blues are set to quit Stamford Bridge for a new stadium with a retractable roof and room for 75,000 fans.

Published 10 Nov, 2008 12:00am

IN SHORT: MySpace and MTV try to cash in on Internet video

MySpace said on Monday it and online advertising technology company Auditude are working with Viacom Inc's MTV Networks to make money from video clips that its users put online. When people who use MySpace, the online social network owned by News Corp, po

Published 10 Nov, 2008 12:00am

Anelka sends Chelsea back into pole position

Nicolas Anelka's double secured a 2-0 win against Blackburn on Sunday that sent Chelsea back to the top of the Premier League. After Liverpool had taken pole position on Saturday, Luiz Felipe Scolari's team underlined their determination to regain the tit

Published 10 Nov, 2008 12:00am

Chilean glacier will vanish in 50 years

Chile's official water authority warned that the Echaurren glacier near Santiago, which supplies the capital with 70 percent of its water needs, could disappear in the next half century. In a new report on Chile's glaciers the main water company - Direcci

Published 10 Nov, 2008 12:00am

Hamilton praises 'big' Alonso for Brazil gesture

McLaren's Lewis Hamilton has praised former team mate and rival Fernando Alonso for burying the hatchet and congratulating him on becoming Formula One's youngest champion. Hamilton told reporters at Mercedes' annual 'Stars and Cars' event in Stuttgart on

Published 10 Nov, 2008 12:00am

Three more associations support PIAF Alliance

Three more industrial associations have announced on Sunday their support for Associate and Corporate Class candidates of PIAF-Founders Alliance for the forthcoming Lahore Chamber of Commerce and Industry (LCCI) polls.

Published 10 Nov, 2008 12:00am

Djokovic and Davydenko battle to Masters wins

World number three Novak Djokovic and Russia's Nikolay Davydenko scrapped to hard-fought wins as the elite Tennis Masters Cup got off to a pulsating start on Sunday.

Published 10 Nov, 2008 12:00am

PTA taking measures for broadband proliferation

The Pakistan Telecommunication Authority (PTA) is seriously engaged in enhancing broadband proliferation in the country. To achieve its goals, an open 'dialogue' meeting was organised by PTA last week to discuss broadband proliferation issues.

Published 10 Nov, 2008 12:00am

Fred keeps Lyon ahead of pack

A goal from Brazilian Fred preserved Lyon's four-point lead at the top of the French league table Saturday with a 1-0 win at struggling Monaco.

Published 10 Nov, 2008 12:00am

Five Badin sugar mills reluctant to start crushing

Five sugar mills of Badin district have still to ignite their boilers to start crushing season, scheduled from 10 November 2008, the deadline set by the Sindh government.

Published 10 Nov, 2008 12:00am

India's Dhoni sets a tough target for Australia

Australia face a stiff target to level the series against India after a crucial 108-run stand between Mahendra Singh Dhoni and Harbhajan Singh in the fourth and final Test here on Sunday. The visitors were 13 without loss at stumps on the penultimate day

Published 10 Nov, 2008 12:00am

Farm management cadets training starts

Training of farm management cadets under Benazir Bhutto Shaheed Youth Development Programme (BBSYDP) to develop the skills of trainees from Naushehro Feroze district started at Research and Training Institute (RTI) for Livestock Development, Red Sindhi Ca

Published 10 Nov, 2008 12:00am

Ferrari boss smashed television after Formula One finale

Ferrari president Luca di Montezemolo smashed a television set after seeing McLaren's Lewis Hamilton snatch the Formula One world title from Felipe Massa in last weekend's season-ending Brazilian Grand Prix. "I broke the television, I must tell the truth,

Published 10 Nov, 2008 12:00am

World Diabetes Day observed

As elsewhere, the World Diabetes day was marked here on Sunday with emphasis on prevention and fostering awareness. The theme was " Diabetes in children and adolescents". In this connection, the Diabetic Association of Pakistan (DAP) organised a moot at a

Published 10 Nov, 2008 12:00am

Cotton prices touch high mark of Rs 3,300, spot rate Rs 4,300

The week under review ended on November, 8, 2008 had so many turn and twist to upset noting direction, the consolation derived by cotton consumers was expectation of government's various facilities. The ginners were somewhat out of sorts due to expeditiou

Published 10 Nov, 2008 12:00am

Moot on paediatric infectious diseases concludes

A two-day international conference on 'Paediatric Infectious Diseases', concluded here on Sunday with the recommendation that adequate financial resources must be allocated for ensuring control of infectious diseases among children.

Published 10 Nov, 2008 12:00am

Chemicals: ENGRO CHEMICALS PAKISTAN LIMITED - Analysis of Financial Statements Financial Year 2002 - Q 2003 2008

Engro Chemicals is an agri-based company, engaged in the business of manufacturing and marketing of fertilisers. The company was incorporated in 1965 and formerly it was called Exxon Chemical Pakistan Limited until 1991.

Published 10 Nov, 2008 12:00am

Automobile industry facing worst ever crisis: 40 percent decline in production

The automobile industry is facing worst ever crisis due to multiple causes and its current production is down by 40 percent, automobile and auto parts manufacturers told Business Recorder here on Sunday.

Published 10 Nov, 2008 12:00am

'Social dinner' exposes claimants of politics of principles: Pervaiz

Pakistan Muslim League-Q Central leader and former Punjab Chief Minister Chaudhry Pervaiz Elahi on Sunday said that those who were claiming of practising the politics of principles have been exposed with "social dinner" in Islamabad.

Published 10 Nov, 2008 12:00am

Industrial sector: government urged to withdraw increase in power tariff

Chairman 'The Founders' Munir Ahmed Khan has demanded of the government to withdraw increase in electricity tariff for industrial sector, as it will further curtail the economic growth of the country.

Published 10 Nov, 2008 12:00am

CJCSC leaves for Germany

Chairman Joint Chief of Staff Committee (CJCSC), General Tariq Majid on Sunday left here for Germany on an official visit. The General embarked on a week-long visit to the friendly country.

Published 10 Nov, 2008 12:00am

Land dispute claims six lives

As many as six persons were killed and two injured in a bloody shootout between the two rival groups at Momandkhel area in the jurisdiction of Cantonment police station here on Sunday. An official of district police said a jirga comprised elders of the ar

Published 10 Nov, 2008 12:00am

Commodities' prices move both ways under global influence

The commodities world over showed they moved both ways with slight edge, the Pakistan markets behaved in familiar fashion during the week ended on November 8, 2008. The opening day in Pakistan saw makai, sugar, masoor, urad, bajra, plastic mouldings etc b

Published 10 Nov, 2008 12:00am

Best Practices Day held

In what has now become a highly anticipated corporate event, Best Practices Day 2008, was held at Karachi Sheraton Hotel on November 6' 2008. The conference was managed by Sidat Hyder Morshed Associates and was the first of three events being held to high

Published 10 Nov, 2008 12:00am

Mustafa Kamal placed among top three world mayors

Reputed journal, Foreign Policy in its report has declared Karachi Nazim, Syed Mustafa Kamal the second best mayor of the year 2008 world.

Published 10 Nov, 2008 12:00am

Mercury in quake-hit areas may drop to nine degree Celsius below zero

Balochistan's quake-stricken areas are likely to witness the temperature going down up to -9 degree Celsius, which will further add up to the hardships of the victims.

Published 10 Nov, 2008 12:00am

Poland keen to boost economic ties with Pakistan: Consul General

Pakistan is a very important trade partner for Poland in South Asia and the country is deeply interested in further development of relations with Pakistan in all fields.

Published 10 Nov, 2008 12:00am

Cotton prices touch high mark of Rs 3,300, spot rate Rs 4,300

The week under review ended on November, 8, 2008 had so many turn and twist to upset noting direction, the consolation derived by cotton consumers was expectation of government's various facilities. The ginners were somewhat out of sorts due to expeditiou

Published 10 Nov, 2008 12:00am

CAA daily wage workers to be regularised: minister

All contractual (daily wages) employees of Civil Aviation Authority (CAA) would be regularised. This was stated by Defence Minister Ahmed Mukhtar while addressing the newly elected officer-bearers of the Union of Civil Aviation Authorities Employees (UCAE

Published 10 Nov, 2008 12:00am

Father of justice Omar Ata Bindial dies

F.K. Bindial, father of Lahore High Court Judge, Omar Ata Bindial died here on Sunday. He was 80. The deceased was a senior bureaucrat and had rendered services as Principal Secretary to President, Chief Secretary and Home Secretary.

Published 10 Nov, 2008 12:00am

Out of turn allotment of government houses goes unchecked

The committee formed to recommend allotment of government houses is not pursuing its objectives as out of turn allotment is being made setting aside the general waiting list.

Published 10 Nov, 2008 12:00am

Prime Minister condoles death of Bandial

Prime Minister Syed Yousuf Raza Gilani has expressed deep grief and sorrow over the sad demise of Fateh Khan Bandial, former Federal Minister for Interior and Secretary Interior who passed away on Sunday morning.

Published 10 Nov, 2008 12:00am

Abu Shamim passes away

Former Federal Secretary Abu Shamim Mohammad Ariff expired in Islamabad on Sunday afternoon. His body has been flown to Karachi. Namaz-e-Janaza will take place at Zohr in Masjid-e-Tayyaba Bath Island. Ariff who topped M A Economics examination of Karachi

Published 10 Nov, 2008 12:00am

Coal mining in Thar: six firms offer to form joint venture with Sindh government

At least six national and international companies have expressed interest to set up joint venture with Sindh government for mining in Thar coal field Block II, official sources told Business Recorder.

Published 10 Nov, 2008 12:00am

Boeing sees global air cargo traffic tripling by 2027

US aerospace giant Boeing forecasted on November 04 that global air cargo traffic would grow 5.8 percent annually over the next two decades, tripling an industry that has proved resilient to economic shocks.

Published 10 Nov, 2008 12:00am

Small Smart runs rings around Mercedes sales

Sales by Daimler's city car Smart ran rings around luxury Mercedes models in October, though the luxury car maker still showed an overall annual drop of 18 percent, the group said on November 7.

Published 10 Nov, 2008 12:00am

Scripps cuts 400 jobs, latest hit for US newspaper industry

US media company EW Scripps Co announced on November 7 it would cut 400 jobs as the weak advertising market inflicted another blow on the struggling US newspaper industry. Scripps, which owns newspapers in 15 US markets and 10 television stations, also sa

Published 10 Nov, 2008 12:00am

Toy giant Mattel to cut 1,000 jobs

The US toy manufacturer Mattel, the maker of Barbie dolls and Fisher-Price toys, announced November 6 it would cut a thousand jobs world-wide due to higher production costs and the economic crisis. Mattel, the world's largest toy maker, said the cuts amou

Published 10 Nov, 2008 12:00am

KLM back in the running for Austrian Airlines

French-Dutch airline AirFrance-KLM wants to revive its bid for Austrian Airlines (AUA), the state public television network reported on November 7.

Published 10 Nov, 2008 12:00am

IMF ready to accept rehabilitation programme

Advisor to Prime Minister on Finance Shaukat Tarin said on Sunday that International Monetary Fund (IMF) was ready to accept Pakistan''s "economic rehabilitation programme", but it wanted Islamabad to remain committed to its (Pakistan''s) own terms and co

Published 10 Nov, 2008 12:00am

Fund agrees to 200bps raise to 15 percent in discount rate: 31 percent rise in utility tariff on anvil

Pakistan is expected to make a formal request for a Stand-By Arrangement with the International Monetary Fund, in this week to avoid default on its foreign currency obligations, it is reliably learnt. The Fund Board of Directors is expected to take up the

Published 10 Nov, 2008 12:00am

''Floor'' removal on November 17 if bailout package released

Karachi Stock Exchange (KSE) is prepared to remove floor mechanism on November 17, subject to provision of Rs 50 billion bailout package announced by the government, sources said on Sunday. It is expected that Rs 20 billion market stabilisation fund and R

Published 10 Nov, 2008 12:00am

SBP and SECP certainly not wanting in enthusiasm

With the stock market virtually shut down and credit flows in the banking system are still painfully slow due to a rising cost of funding - the two financial sector regulators have been unable to finalise a mechanism to provide the respective regulatees u

Published 10 Nov, 2008 12:00am

Action against politicians if found involved in foreign scam: Tarin

Advisor on Finance Shaukat Tarin has said that strict action will be taken if politicians are found involved in illegal transfer of dollars, along with Munaf Kalia and Javed Khanani.

Published 10 Nov, 2008 12:00am

Paddy procurement drive kicks off in Punjab

Pakistan Agriculture Storage and Services Corporation (Passco) kicked off paddy procurement here on Sunday at the selected centres in Punjab. Passco has authorised 45 rice mills to buy paddy on its behalf from the growers. It will make 75 percent payment

Published 10 Nov, 2008 12:00am

Fund agrees to 200bps raise to 15 percent in discount rate: 31 percent rise in utility tariff on anvil

Pakistan is expected to make a formal request for a Stand-By Arrangement with the International Monetary Fund, in this week to avoid default on its foreign currency obligations, it is reliably learnt. The Fund Board of Directors is expected to take up the

Published 10 Nov, 2008 12:00am

Coal mining in Thar: six firms offer to form joint venture with Sindh government

At least six national and international companies have expressed interest to set up joint venture with Sindh government for mining in Thar coal field Block II, official sources told Business Recorder.

Published 10 Nov, 2008 12:00am

Senate and National Assembly to meet separately today

The Senate and the National Assembly will meet separately on Monday (today) with a heavy agenda to be discussed in both the Houses. The Lower House of the Parliament will meet at 3 p.m. whereas the Upper House at 4 p.m. The basic agenda of the National As

Published 10 Nov, 2008 12:00am

National Assembly Speaker to announce formation of PC today

Speaker National Assembly would on Monday announce the formation of Parliamentary Committee (PC) to oversight the joint-resolution at the end of the in-camera session. The announcement would be made by NA Speaker Dr Fehmida Mirza at a press conference at

Published 10 Nov, 2008 12:00am

China moves to boost economy, G20 sees more action

China approved a huge stimulus plan on Sunday worth nearly $600 billion through 2010, part of a new global push agreed to by leading economies for measures to offset an expected recession in many countries.

Published 10 Nov, 2008 12:00am

China moves to boost economy, G20 sees more action

China approved a huge stimulus plan on Sunday worth nearly $600 billion through 2010, part of a new global push agreed to by leading economies for measures to offset an expected recession in many countries.

Published 10 Nov, 2008 12:00am

China moves to boost economy, G20 sees more action

China approved a huge stimulus plan on Sunday worth nearly $600 billion through 2010, part of a new global push agreed to by leading economies for measures to offset an expected recession in many countries.

Published 10 Nov, 2008 12:00am

Indian Muslim scholars endorse fatwa against terrorism

More than 6,000 high-ranking Muslim scholars and clerics from across India have put their name to a joint religious opinion, or fatwa, against terrorism issued by one of the world's most important centres of Islamic teaching, it emerged on Sunday.

Published 10 Nov, 2008 12:00am

Indian Muslim scholars endorse fatwa against terrorism

More than 6,000 high-ranking Muslim scholars and clerics from across India have put their name to a joint religious opinion, or fatwa, against terrorism issued by one of the world's most important centres of Islamic teaching, it emerged on Sunday.

Published 10 Nov, 2008 12:00am

Economy won't stop Obama's priorities: aides

The economic crisis will not stop President-elect Barack Obama from expanding health care, overhauling education and energy policy, and passing a middle-class tax cut soon after he takes office in January, senior aides said on Sunday.

Published 10 Nov, 2008 12:00am

Zardari-Nawaz meeting termed fruitful

Pakistan Muslim League-Nawaz is determined to strengthen the parliamentary form of government in the country and the PML-N under the leadership of Mian Nawaz Sharif is striving for ensuring strong and sovereign parliament.

Published 10 Nov, 2008 12:00am

KKI staff members go into hiding

The staff of Khanani and Kalia International (Pvt) Ltd here has disappeared from the scene, fearing raids for arrest of some of them following FIA clampdown on a number of forex firms in Lahore and Karachi.

Published 10 Nov, 2008 12:00am

IMF must end its 'imperialist' ways: France

Several countries are deeply scarred by the "imperialist" approach taken by International Monetary Fund in past lending packages and the institution must improve its public relations, France said on Sunday.

Published 10 Nov, 2008 12:00am

IMF must end its 'imperialist' ways: France

Several countries are deeply scarred by the "imperialist" approach taken by International Monetary Fund in past lending packages and the institution must improve its public relations, France said on Sunday.

Published 10 Nov, 2008 12:00am

IMF must end its ''imperialist'' ways: France

Several countries are deeply scarred by the "imperialist" approach taken by International Monetary Fund in past lending packages and the institution must improve its public relations, France said on Sunday.

Published 10 Nov, 2008 12:00am

Over Rs 90 million income tax refund fraud unearthed

The Directorate-General of Intelligence and Investigation has busted an organised gang comprising Karachi-based commercial importers and tax officials in Karachi involved in obtaining bogus income tax refunds of over Rs 90 million on forged documents.

Published 10 Nov, 2008 12:00am

Record number of Asians elected to New Zealand parliament

The New Zealand parliament will have a record six Asian members - including the first ethnic Korean and Sikh - following Saturday's election.Korean-born television presenter Melissa Lee, 42, and former New Delhi businessman Kanwaljit Singh Bakshi will joi

Published 10 Nov, 2008 12:00am

250 schools destroyed in quake: Minister

Balochistan Education Minister Shafiq Ahmed Khan has said that two hundred and fifty government schools have been destroyed in the October 29 earthquake in the province. Talking to a TV channel, he said the demolition of school building has affected the e

Published 10 Nov, 2008 12:00am

Six killed in accidents

Six persons were killed, while more than one dozen injured in various road accidents. First accident took place on canal road near Raza Town, where a leading businessman Malik Muhammad Yasin and his 80 year old father Abdul Rashid were killed, while five

Published 10 Nov, 2008 12:00am

Free judiciary must at this critical juncture: Iftikhar

Deposed Chief Justice of Pakistan Justice Iftikhar Muhammad Chaudhry has said that establishment of an independent judiciary has become more imperative at this critical juncture for protecting geographical and ideological fronts of the country.

Published 10 Nov, 2008 12:00am

Qureshi leaves for US today

The Foreign Minister, Makhdoom Shah Mehmood Qureshi has said that he will leave for the USA on Monday (today) to attend the International Inter-Faith Conference to be held there in the second week of November.

Published 10 Nov, 2008 12:00am

Sikh Yatrees arrive

As many as 169 Sikh Yatrees from across the world arrived here in Lahore on Sunday to celebrate the 540th birth anniversary of Guru Nanak, the founder of the Sikh religion.

Published 10 Nov, 2008 12:00am

Iqbal Day function: speakers demand implementation of National Assembly resolution on Fata

The Markazia Majlis-e-Iqbal held a largely attended function here on Sunday in connection with birthday celebrations of poet philosopher Allama Mohammad Iqbal who conceived the idea of a separate homeland for the Muslims of the subcontinent and is revered

Published 10 Nov, 2008 12:00am

Agriculture sector: 'scientific progress will bring radical changes'

State Minister for Food, Agriculture and Livestock Rafiq Ahmad Jamali has said that scientific progress in agriculture will bring radical changes that would help the government to achieve the goals of poverty reduction and food security.

Published 10 Nov, 2008 12:00am

Gilgit-Baltistan: no plan to withdraw subsidy on wheat

The government has no plan to withdraw subsidy on wheat given to Gilgit-Baltistan, rather it was taking, enhancement of wheat quota, into consideration following increase in the population of Gilgit-Baltistan.

Published 10 Nov, 2008 12:00am

PPP leaders call on Altaf in London

Pakistan Peoples Party, (PPP) associated Sindh ministers, Pir Mazhar-ul-Haq and Dr Zulfiqar Mirza called on Muttahida Qaumi Movement (MQM) Chief Altaf Hussain at MQM International Secretariat, London.

Published 10 Nov, 2008 12:00am

Twenty die in Russian nuclear submarine accident

Twenty people were killed on board a Russian nuclear submarine, the navy said on Sunday, in an accident that exposed the gap between the Kremlin's ambitions and its military capability.

Published 10 Nov, 2008 12:00am

Twenty die in Russian nuclear submarine accident

Twenty people were killed on board a Russian nuclear submarine, the navy said on Sunday, in an accident that exposed the gap between the Kremlin's ambitions and its military capability.

Published 10 Nov, 2008 12:00am

Bawan Shah Group case: FBR again charge-sheeting officials cleared earlier

The Federal Board of Revenue (FBR) has again charge sheeted sales tax and customs officials who were earlier cleared and reinstated after a formal inquiry in sales tax refunds scam of Bawan Shah Group of Companies (BSGC).

Published 10 Nov, 2008 12:00am

11 suspected Mujahideen killed in Indian Occupied Kashmir

Indian occupation security forces shot dead 11 suspected freedom fighters in fighting over the weekend in the disputed Kashmir region, police said on Sunday. Five militants were killed in Poonch district, a police official said, while four others were kil

Published 10 Nov, 2008 12:00am

IMF ready to accept rehabilitation programme

Advisor to Prime Minister on Finance Shaukat Tarin said on Sunday that International Monetary Fund (IMF) was ready to accept Pakistan''s "economic rehabilitation programme", but it wanted Islamabad to remain committed to its (Pakistan''s) own terms and co

Published 10 Nov, 2008 12:00am

CFS investment declines

Investment under Continuous Funding System (CFS) at Karachi share market declined to Rs 11.36 billion on the last trading day of the week ending on November 8, 2008 as compared to Rs 11.53 billion recorded a week earlier.

Published 10 Nov, 2008 12:00am

Currency	Rate
USD PKR Interbank Selling / Jan 28	278.92
USD PKR Interbank Buying / Jan 28	278.72
USD to Japanese Yen / Jan 28	155.41
USD to Swiss Franc / Jan 28	0.90
Pound Sterling to USD / Jan 28	1.24
Euro to USD / Jan 28	1.04

Stock	Volume
S&P 500 / Jan 28	6,067.70
Nasdaq / Jan 28	19,733.59
FTSE 100 / Jan 28	8,533.87
Dow Jones / Jan 28	44,850.35
Germany DAX 30 / Jan 28	21,430.58
France CAC40 / Jan 28	7,897.37
India Sensex / Jan 29	76,280.68
Tokyo Nikkei / Jan 29	39,346.10

Item	Value
Crude Oil USD/Barrel / Jan 28	73.71
Karachi Cotton PKR/37.32 KG / Jan 28	18,485
Gold 10 Grams PKR / Jan 28	247,560.80
Gold Spot USD/Ounce / Jan 28	2,762.94
Cotton US¢/pound / Jan 28	67.08
Petrol/Litre / Jan 29	256.13

Stock	Price
Redco Textile / Jan 29 Redco Textiles Limited(REDCO)	19.97 ▲ 1.82 (10.03%)
Saritow Spinning / Jan 29 Saritow Spinning Mills Limited(SSML)	14.81 ▲ 1.35 (10.03%)
Leather Up Ltd. / Jan 29 Leather Up Limited(LEUL)	44.41 ▲ 4.04 (10.01%)
Sanghar Sugar / Jan 29 Sanghar Sugar Mills Limited(SANSM)	30.69 ▲ 2.79 (10%)
LSE Ventures / Jan 29 LSE Ventures Limited(LSEVL)	13.20 ▲ 1.2 (10%)
Calcorp Ltd / Jan 29 Calcorp Limited(CASH)	31.50 ▲ 2.86 (9.99%)
Shahmurad Sugar / Jan 29 Shahmurad Sugar Mills Limited(SHSML)	393.98 ▲ 31.53 (8.7%)
J.A.Textile / Jan 29 J.A. Textile Mills Limited(JATM)	31.50 ▲ 2.48 (8.55%)
Blessed Tex. / Jan 29 Blessed Textiles Limited(BTL)	368 ▲ 28 (8.24%)

Stock	Price
Tariq Corp.Pref. / Jan 29 Tariq Corporation Limited-Preference Shares(TCORPCPS)	6.88 ▼ -1 (-12.69%)
Dewan Textile / Jan 29 Dewan Textile Mills Limited(DWTM)	6.17 ▼ -0.83 (-11.86%)
First IBL Mod. / Jan 29 First IBL Modaraba(FIBLM)	2.90 ▼ -0.2 (-6.45%)
Fazal Cloth / Jan 29 Fazal Cloth Mills Limited(FZCM)	150.05 ▼ -10.31 (-6.43%)
Sec. Inv. Bank / Jan 29 Security Investment Bank Limited(SIBL)	8.66 ▼ -0.59 (-6.38%)
Premium Textile / Jan 29 Premium Textile Mills Limited(PRET)	375 ▼ -24.78 (-6.2%)
I.C.C. Ind. / Jan 29 ICC Industries Limited(ICCI)	12.16 ▼ -0.76 (-5.88%)
Pak Synthetics / Jan 29 Pakistan Synthetics Limited(PSYL)	37.25 ▼ -2.25 (-5.7%)
Reliance Weaving / Jan 29 Reliance Weaving Mills Limited(REWM)	140 ▼ -7.75 (-5.25%)

Stock	Volume
WorldCall Telecom / Jan 29 Worldcall Telecom Limited(WTL)	67,917,203 ▼ -0.03
Sui South Gas / Jan 29 Sui Southern Gas Company Limited(SSGC)	29,454,322 ▲ 0.36
Cnergyico PK / Jan 29 Cnergyico PK Limited(CNERGY)	28,426,632 ▲ 0.09
Fauji Foods Ltd / Jan 29 Fauji Foods Limited(FFL)	26,339,311 ▲ 0.14
Citi Pharma Ltd / Jan 29 Citi Pharma Ltd.(CPHL)	26,038,104 ▲ 4.34
K-Electric Ltd. / Jan 29 K-Electric Limited(KEL)	18,860,876 ▲ 0.15
Fauji Cement / Jan 29 Fauji Cement Company Limited(FCCL)	18,743,736 ▼ -0.52
Lotte Chemical / Jan 29 Lotte Chemical Pakistan Limited(LOTCHEM)	14,546,524 ▼ -0.05
Pak Elektron / Jan 29 Pak Elektron Limited(PAEL)	14,387,699 ▼ -0.03

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