AGL 38.16 Decreased By ▼ -0.06 (-0.16%)
AIRLINK 134.19 Increased By ▲ 5.22 (4.05%)
BOP 8.85 Increased By ▲ 1.00 (12.74%)
CNERGY 4.69 Increased By ▲ 0.03 (0.64%)
DCL 8.67 Increased By ▲ 0.35 (4.21%)
DFML 39.78 Increased By ▲ 0.84 (2.16%)
DGKC 85.15 Increased By ▲ 3.21 (3.92%)
FCCL 34.90 Increased By ▲ 1.48 (4.43%)
FFBL 75.60 Decreased By ▼ -0.11 (-0.15%)
FFL 12.74 Decreased By ▼ -0.08 (-0.62%)
HUBC 109.45 Decreased By ▼ -0.91 (-0.82%)
HUMNL 14.10 Increased By ▲ 0.09 (0.64%)
KEL 5.40 Increased By ▲ 0.25 (4.85%)
KOSM 7.75 Increased By ▲ 0.08 (1.04%)
MLCF 41.37 Increased By ▲ 1.57 (3.94%)
NBP 69.70 Decreased By ▼ -2.62 (-3.62%)
OGDC 193.62 Increased By ▲ 5.33 (2.83%)
PAEL 26.21 Increased By ▲ 0.58 (2.26%)
PIBTL 7.42 Increased By ▲ 0.05 (0.68%)
PPL 163.85 Increased By ▲ 11.18 (7.32%)
PRL 26.36 Increased By ▲ 0.97 (3.82%)
PTC 19.47 Increased By ▲ 1.77 (10%)
SEARL 84.40 Increased By ▲ 1.98 (2.4%)
TELE 7.99 Increased By ▲ 0.40 (5.27%)
TOMCL 34.05 Increased By ▲ 1.48 (4.54%)
TPLP 8.72 Increased By ▲ 0.30 (3.56%)
TREET 17.18 Increased By ▲ 0.40 (2.38%)
TRG 61.00 Increased By ▲ 4.96 (8.85%)
UNITY 28.96 Increased By ▲ 0.18 (0.63%)
WTL 1.37 Increased By ▲ 0.02 (1.48%)
BR100 10,786 Increased By 127.6 (1.2%)
BR30 32,266 Increased By 934.6 (2.98%)
KSE100 100,083 Increased By 813.5 (0.82%)
KSE30 31,193 Increased By 160.9 (0.52%)
Nov 28, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2008-11-15
Yuan rises

Yuan rises

China's yuan rose against the dollar on Friday bolstered by expectations of an imminent easing in monetary policy as the Chinese government steps up efforts to boost its economy. Spot yuan closed at 6.8242 to the dollar, up from its previous close of 6.83
Published 15 Nov, 2008 12:00am
Dollar and yen edge up

Dollar and yen edge up

The yen edged up against the dollar and the euro on Friday after a sharp fall the previous day, as investors tip-toed back to the perceived safety of the Japanese currency amid nagging concerns about the global credit crisis. Asian stock markets rose, tra
Published 15 Nov, 2008 12:00am
Dollar falls versus euro

Dollar falls versus euro

The US dollar fell against the euro on Thursday as a strong performance on Wall Street helped ease extreme risk aversion, reducing demand for safety. Meanwhile, the yen tumbled against the dollar, the euro and higher-yielding currencies, reversing sharp g
Published 15 Nov, 2008 12:00am
Australian dollar struggles to sustain rally

Australian dollar struggles to sustain rally

The Australian dollar was battling to sustain a rally on Friday after a bounce in equities helped it recover some of the week's hefty losses, though fears of a global recession meant risks still lurked on the downside. In late trade, the local dollar was
Published 15 Nov, 2008 12:00am
Taiwan dollar off two-week low

Taiwan dollar off two-week low

The Taiwan dollar rose on Friday, ending a three-day losing streak, as foreign banks and exporters sold the US dollar, but the gain was tempered by weakness in the stock market as foreigners sold shares. The Taiwan dollar rose to an intraday high of T$33.
Published 15 Nov, 2008 12:00am
Asian currencies: rupiah down on fears new rule

Asian currencies: rupiah down on fears new rule

Indonesia's rupiah stayed under pressure in Asian markets on Friday after its efforts to regulate foreign exchange outflows stoked rather than removed investors' fears the currency is set for a steeper fall in coming weeks. But the trend was far from unif
Published 15 Nov, 2008 12:00am
Swiss franc up versus euro

Swiss franc up versus euro

The Swiss franc on Friday gained ground against the euro but retreated against the yen as investors moved back to the perceived safety of the yen amid concerns about the global economy. The franc was up 0.5 percent against the euro at 1.51 per euro at fro
Published 15 Nov, 2008 12:00am
Istisqa prayer offered

Istisqa prayer offered

Lahore District Nazim Mian Amer Mahmood has appealed citizens for offering 'Istisqa prayer' for seeking rain in the wake of drought. According to a spokesman of the City District Government Lahore here on Friday, a special prayer for this purpose would be
Published 15 Nov, 2008 12:00am
Ely Energy introduces SNGT to cope with electricity, gas inefficiency

Ely Energy introduces SNGT to cope with electricity, gas inefficiency

An American company "Ely Energy" has introduced an innovative LPG based Synthetic Natural Gas Technology (SNGT) to cope electricity and gas inefficiency in Pakistan. It effectively provides back up fuel for natural gas in gas or electricity load shedding
Published 15 Nov, 2008 12:00am
Two percent increase in discount rate by SBP criticised

Two percent increase in discount rate by SBP criticised

Anjum Nisar, President KCCI along with Siraj Kassam Teli, Chairman ruling Businessmen Group (BMG) said in a press release that while appreciating positive steps of State Bank of Pakistan (SBP) with regard to 100 percent Export Refinance Scheme, the busine
Published 15 Nov, 2008 12:00am
Planning Commission forms task force on private sector development

Planning Commission forms task force on private sector development

The Planning Commission (PC) has constituted a 'Task Force on Private Sector Development' to engage private sector in the national development process to increase the productivity of the sector and to meet global competition under the WTO.
Published 15 Nov, 2008 12:00am
Textile Art exhibition held at YMCA

Textile Art exhibition held at YMCA

Textile Art Exhibition and Certificate Awarding ceremony of the YMCA School of Fashion and Art Design was held on Friday at the YMCA Hall. President Lahore YMCA Andrew McMillan was the chief guest on the occasion. General Secretary YMCA John Shaffaq was t
Published 15 Nov, 2008 12:00am
Revised power tariff to be accommodated in bills

Revised power tariff to be accommodated in bills

Karachi Electric Supply Company (KESC), in accordance with the federal government's revision of power tariffs would do the following adjustments. The revised power tariff would be accommodated gradually in the subsequent bills. If any adjustment was requi
Published 15 Nov, 2008 12:00am
German football flushed after Euro 2008 windfall

German football flushed after Euro 2008 windfall

The German Football Federation (DFB) made a profit of 6.6 million euros (8.3 million US dollars) for reaching June's Euro 2008 final in Vienna, team manager Oliver Bierhoff revealed Friday. In total, the DFB received 19 million euros (24 million US dollar
Published 15 Nov, 2008 12:00am
Drogba charged after coin-throwing incident

Drogba charged after coin-throwing incident

Chelsea striker Didier Drogba has been charged with violent conduct by the Football Association after he threw a coin towards Burnley fans during the League Cup, fourth-round tie at Stamford Bridge on Wednesday. The Ivory Coast international has until 180
Published 15 Nov, 2008 12:00am
India crush England after Yuvraj ton

India crush England after Yuvraj ton

England narrowly avoided their worst one-day defeat in terms of runs as India won the first game of the seven-match series by 158 runs here on Friday. Yuvraj Singh smashed an unbeaten 138 off 78 balls to lift India to their second highest one-day total of
Published 15 Nov, 2008 12:00am
Ferguson warns Football Association on anti-doping measures

Ferguson warns Football Association on anti-doping measures

Manchester United manager Sir Alex Ferguson has warned the Football Association that plans to toughen up drug-testing for Premier League stars will cost an "absolute fortune" and described envisaged new procedures as a nuisance.
Published 15 Nov, 2008 12:00am
India must tour Pakistan, says Ramiz Raja

India must tour Pakistan, says Ramiz Raja

Former captain Ramiz Raja Friday urged India to send its cricket team to Pakistan, saying the two countries need each other's backing. India is scheduled to visit Pakistan for three Tests, five one-day internationals and a Twenty20 between January and Feb
Published 15 Nov, 2008 12:00am
Argentine fans hijack public buses to go to match

Argentine fans hijack public buses to go to match

Fans of an Argentine second division club hijacked two public buses and ordered the drivers to take them to their team's game, police said on Friday. Police official Carlos Durante said that in two separate incidents in Buenos Aires on Thursday night, Cha
Published 15 Nov, 2008 12:00am
Murray sends Federer crashing in classic

Murray sends Federer crashing in classic

Britain's Andy Murray sent defending champion Roger Federer crashing out of the Masters Cup in a classic encounter on Friday. Murray came from a set down to win 4-6, 7-6 (7/3), 7-5 after Federer, hampered by a back injury, saved seven match points in a gr
Published 15 Nov, 2008 12:00am
Twenty20 format won't surpass Tests: Chanderpaul

Twenty20 format won't surpass Tests: Chanderpaul

World cricketer of the year Shivnarine Chanderpaul says players are increasingly eyeing the huge paychecks offered by Twenty20 cricket but believes the Test format will remain the game's gold standard. Chanderpaul defended the controversial Stanford Super
Published 15 Nov, 2008 12:00am
North Korea turns inward, lashes out at South

North Korea turns inward, lashes out at South

North Korea accused Seoul on Friday of intentionally dragging ties on the unstable peninsula to a new low, with a former South Korean leader saying relations may now stand on the brink of reconciliation or catastrophe. Analysts said the North, closing its
Published 15 Nov, 2008 12:00am
Prince Charles turns 60

Prince Charles turns 60

Prince Charles celebrated his 60th birthday Friday with military gun salutes and a string of parties, even if he passes the milestone with little sign of an end to his long wait to be king. The heir to the British throne has been marking the big day all w
Published 15 Nov, 2008 12:00am
Hamas fires heavier rockets at Israel

Hamas fires heavier rockets at Israel

Hamas fired their longest-range rockets at a southern Israel city on Friday after an Israeli air force attack on their Gaza stronghold, in the 11th day of skirmishes threatening a five-month-old truce. The armed wing of the Hamas group said it fired five
Published 15 Nov, 2008 12:00am
Hillary Clinton emerges as State Department candidate

Hillary Clinton emerges as State Department candidate

Senator Hillary Clinton emerged on Thursday as a candidate to be US secretary of state for Barack Obama, months after he defeated her in an intense contest for the Democratic presidential nomination. Putting Clinton, wife of former President Bill Clinton,
Published 15 Nov, 2008 12:00am
Somali Islamists approach Mogadishu, impose Shariah

Somali Islamists approach Mogadishu, impose Shariah

Islamist rebels moved on Friday into a small town on the outskirts of Somalia's capital near a checkpoint manned by Ethiopian troops, sparking fears among residents of renewed fighting. This week's advance by al Shabaab militants towards the capital Mogad
Published 15 Nov, 2008 12:00am
Serbia ready to pay $1.25 million for information on Mladic

Serbia ready to pay $1.25 million for information on Mladic

Serbia renewed its offer to pay a million euro reward ($1.25 million) for information leading to the arrest of top war crimes fugitive Ratko Mladic, said the point man for co-operation with the UN war crimes tribunal. "The offer is absolutely valid. Anyon
Published 15 Nov, 2008 12:00am
New contacts with Iran possible soon: Solana

New contacts with Iran possible soon: Solana

European Union foreign policy chief Javier Solana said on Friday further contacts with Iran were possible soon to try to resolve the dispute over its nuclear programme. "There may be some contacts to follow - (like) some of the contacts we had during the
Published 15 Nov, 2008 12:00am
Bosnia wartime commander charged with extortion

Bosnia wartime commander charged with extortion

The Sarajevo prosecutor's office charged the Bosnian Muslim wartime commander Naser Oric with extortion and illegal possession of weapons and explosive devices, local media reported on Friday. Oric was arrested in October, three months after a UN war crim
Published 15 Nov, 2008 12:00am
Grateful Turkey mourns last independence fighter

Grateful Turkey mourns last independence fighter

Turkey on Friday laid to rest the last veteran of the 1919-1923 war which secured its independence in a solemn, patriotic ceremony where dignitaries and emotional onlookers pledged never to forget. Modern Turkey is once again in the grip of rapid social c
Published 15 Nov, 2008 12:00am
Court refuses to free Lockerbie bomber

Court refuses to free Lockerbie bomber

A Scottish court on Friday rejected an appeal by the Libyan man jailed over the 1988 Lockerbie bombing to be freed on bail because he has cancer. Judges said Abdelbaset Ali Mohmet Al-Megrahi, jailed in 2001 over the bombing which killed 270 people, could
Published 15 Nov, 2008 12:00am
Iran accuses Israel of abusing UN interfaith meeting

Iran accuses Israel of abusing UN interfaith meeting

Iran's UN envoy on Thursday accused Israel of abusing a Saudi-sponsored UN interfaith conference for political purposes and suggested the Jewish state had no right to take part. Speaking on the second day of the meeting, which earlier heard US President G
Published 15 Nov, 2008 12:00am
Russia sells 12 fighter jets to Sudan: reports

Russia sells 12 fighter jets to Sudan: reports

Russia has sold 12 MiG-29 fighter jets to Sudan, Sudanese Defence Minister Abdul Rahim Mohammed Hussein said during a visit to Moscow on Friday, Russian news agencies reported. "Yes, it's all done. The planes have been bought," the defence minister was qu
Published 15 Nov, 2008 12:00am
Sarkozy urges US, Russia missile freeze

Sarkozy urges US, Russia missile freeze

French President Nicolas Sarkozy said he won Russian backing on Friday for talks on security in Europe next year, and urged both Moscow and the United States to freeze their missile plans until then. Speaking after an EU-Russia summit in Nice, Sarkozy sai
Published 15 Nov, 2008 12:00am
Sterling hits 13-year low

Sterling hits 13-year low

The pound fell to a 13-year low against a basket of currencies on Friday and hovered close to record lows against the euro as markets braced for further aggressive cuts in UK interest rates in the coming months.
Published 15 Nov, 2008 12:00am
Indian rupee off two-week lows

Indian rupee off two-week lows

India's rupee recovered from two-week lows hit early on Friday, as exporters cashed in on the currency's recent weakness and sold dollars while lower crude prices bolstered sentiment, dealers said. The partially convertible rupee ended at 49.01/03 per dol
Published 15 Nov, 2008 12:00am
Euro falls in London

Euro falls in London

The euro fell against the dollar and the yen on Friday, brushing off a rise in European shares with risk aversion running high as data confirmed the single currency zone had slid into recession.
Published 15 Nov, 2008 12:00am
Interbank rates stay higher

Interbank rates stay higher

Interbank lending rates for three-month dollar funds rose for the second straight day on Friday and spreads widened, suggesting that the recent improvement in money market conditions is fading. The bank-to-bank cost of lending dollars chalked up its bigge
Published 15 Nov, 2008 12:00am
Asian risk premiums decline

Asian risk premiums decline

Asian risk premiums fell on Friday, ending a volatile week by tracking a global stock rally ahead of a G20 meeting of industrialised and emerging nations aimed at tackling the world economic crisis.
Published 15 Nov, 2008 12:00am
Friday's midday trade: drumbeat of data signals more downside for stocks

Friday's midday trade: drumbeat of data signals more downside for stocks

US stocks slid on Friday after a record slump in retailers' sales last month heightened concerns about a protracted economic downturn and an ailing consumer appetite. Stocks were unable to follow up on Thursday's dramatic rebound after the S&P 500 and Nas
Published 15 Nov, 2008 12:00am
Thai shares down

Thai shares down

Thai share prices fell 0.81 percent Friday due to investors' lack of confidence in the economy, analysts said. The Stock Exchange of Thailand (SET) composite index dropped 3.50 points to close at 429.97 points, and the blue chip SET-50 shed 3.16 points to
Published 15 Nov, 2008 12:00am
Indian shares fall 1.58 percent

Indian shares fall 1.58 percent

Indian shares fell 1.58 percent on Friday as the market reacted to a US government decision to abandon moves to buy up billions of dollars in bad mortgage debt, dealers said. The benchmark 30-share Sensex fell 150.91 points to 9,385.42, a near three-year
Published 15 Nov, 2008 12:00am
European shares gain; UK stocks up

European shares gain; UK stocks up

European stocks closed higher on Friday as oil shares stormed ahead, but the day's rally lost some steam as weak US data pushed Wall Street into the red. The FTSEurofirst 300 index of top European shares ended up 0.8 percent at 859.58 points.
Published 15 Nov, 2008 12:00am
US gold slides

US gold slides

US gold futures ended lower in choppy trade on Thursday as a strong dollar and widespread liquidation across the board amid a tight credit environment could cap bullion's gains. December settled down $13.30, or 1.9 percent, at $705.00 an ounce on the COME
Published 15 Nov, 2008 12:00am
New York cotton ends both ways

New York cotton ends both ways

Cotton futures closed mixed Friday in mostly switch trade but confidence remained shaky and a further drubbing for fibre contracts seems likely in the days ahead, brokers said. The key December cotton contract fell 0.27 cent to finish at 41.03 cents per l
Published 15 Nov, 2008 12:00am
Copper jumps six percent

Copper jumps six percent

Copper rose more then 6 percent on Friday, as a rebound in global equity markets helped support industrial metals and offset a firmer dollar. Copper for three-months delivery on the London Metal Exchange closed at $3,820 per tonne, after rising as high as
Published 15 Nov, 2008 12:00am
World oil prices down

World oil prices down

Oil fell over 1 percent on Friday after news of a eurozone recession and data showing a record decline in US retail sales stirred concerns of a further drop in fuel demand. US crude settled down $1.20 at $57.04. London Brent crude for January dropped $2.0
Published 15 Nov, 2008 12:00am
London coffee, sugar rise

London coffee, sugar rise

Coffee, sugar and cocoa futures rose on Friday on short covering as investors' attention turned to this weekend's summit of the Group of 20 industrialised and emerging economies. "A few shorts are scrambling to square positions into the weekend, ahead of
Published 15 Nov, 2008 12:00am
Gold rebounds in London

Gold rebounds in London

Gold rebounded on Friday after worse-than-expected US retail sales figures, but trading was rangebound ahead of the Group of 20 summit in Washington. Spot gold rose to $750.80 an ounce, reversing an earlier decline, before trading at $744.15/746.50 an oun
Published 15 Nov, 2008 12:00am
US MIDDAY: coffee gains, cocoa lower

US MIDDAY: coffee gains, cocoa lower

Arabica coffee perked up in early trade on Friday but remained rangebound, while US cocoa turned lower on pressure from weak pound against the dollar, traders said. Arabica coffee for March delivery up 0.90 cent at $1.1585 per lb by 9:05 am EST (1405 GMT)
Published 15 Nov, 2008 12:00am
US MIDDAY: sugar crawls up

US MIDDAY: sugar crawls up

Raw sugar futures on ICE Futures US at 1330 GMT. March raw sugar contract went up 0.13 cent at 11.55 cents per lb. Trading from 11.50 to 11.68 cents. Volume at 3,991 lots. Sugar futures edge up on modest investor buying as the sweetener drew some inspirat
Published 15 Nov, 2008 12:00am
US MIDDAY: wheat, corn and soya down

US MIDDAY: wheat, corn and soya down

Chicago Board of Trade wheat futures opened lower Friday as they followed lower in crude oil prices and a falling US stock market, traders said. Weak exports also weighed on sentiment. Soyabean and corn futures were likewise lower.
Published 15 Nov, 2008 12:00am
US MIDDAY: copper jumps

US MIDDAY: copper jumps

US copper futures rallied more than 7 percent early Friday, buoyed by rebounds in global equity markets and follow-through strength in the broader commodity complex, brokers said. Copper for December delivery firmed 9.85 cents, or 6 percent, at $1.7225 a
Published 15 Nov, 2008 12:00am
US MIDDAY: gold rallies

US MIDDAY: gold rallies

US gold futures briefly rose above $750 an ounce on Friday as heavy buying by funds triggered buy stops ahead of the Group of 20 summit meeting, which aims at shoring up the economy and could set the tone for the bullion market. December gold rallies $33.
Published 15 Nov, 2008 12:00am
Parties urge legislators to oppose privatisation of 17 entities

Parties urge legislators to oppose privatisation of 17 entities

Trade Unions, NGOs and Political parties like the Pakistan Muslim League-Nawaz (PML-N), Seraiki Inqilabi Council (SIC), Pakistan Seraiki Party (PSP) and Tehrik-i-Insaf rose on Friday against the proposal to privatise 17 public sector entities urged the el
Published 15 Nov, 2008 12:00am
Qazi ready to run government if Zardari announces to quit

Qazi ready to run government if Zardari announces to quit

Amir Jamaat-e Islami Pakistan Qazi Hussain Ahmed has said he is ready to accept the challenge of running the government if President Zardari himself announces that the PPP is quitting the government. He was talking to the reporters at Mansoorah after the
Published 15 Nov, 2008 12:00am
PML-N criticises increase in interest rate by SBP

PML-N criticises increase in interest rate by SBP

Pakistan Muslim League-N has strongly criticised increase in the interest rate by State Bank of Pakistan (SBP) and said that monetary policy has been tightened in the country on the dictation of IMF which is a matter of grave concern.
Published 15 Nov, 2008 12:00am
Three injured in bomb blast

Three injured in bomb blast

At least three persons were injured in a blast occurred on Friday near a CD shop in Dera Ismail Khan city some 140 miles north-west of Multan. According to police, a remote-controlled bomb went off near a CD shop in old Octroi post (Chungi) area injuring
Published 15 Nov, 2008 12:00am
'Repeal Article six or prosecute Musharraf for high treason'

'Repeal Article six or prosecute Musharraf for high treason'

President High Court Bar Association Multan (HCBA) Mehmood Ashraf Khan said that the government had two options; either to prosecute Musharraf under Article 6 for high treason and subversion of the constitution or to repeal Article 6 to protect his illega
Published 15 Nov, 2008 12:00am
Pakistan, UK foreign minister discuss bilateral relations

Pakistan, UK foreign minister discuss bilateral relations

Foreign Minister Makhdoom Shah Mahmood Qureshi on Friday met Bill Rammell, Britain's State Minister on Foreign and Commonwealth Affairs in New York and discussed with him bilateral, regional and international issues of mutual interest.
Published 15 Nov, 2008 12:00am
PCBL issuing 12.5 billion agriculture loans, insurance cover

PCBL issuing 12.5 billion agriculture loans, insurance cover

Punjab Provincial Co-operative Bank Limited (PBCL) is disbursing loan amounting Rs 12.5 billion for Rabi crop for the year 2008-09, and also providing insurance cover of life and crop to loan holders. PCBL GM Tariq Pervez Dar said here on Friday that loan
Published 15 Nov, 2008 12:00am
Police directed to control growing incidents of murder

Police directed to control growing incidents of murder

City Police Officer (CPO) Multan Syed Saud Aziz on Friday directed police to rein in growing incidents of armed theft and murder in the city. He warned policemen against misbehaving people and said those found acting up would be taken to task. The CPO iss
Published 15 Nov, 2008 12:00am
Mepco completes 102 Low Tension schemes

Mepco completes 102 Low Tension schemes

Multan Electric Power Company (Mepco) has completed a total of 102 schemes of Low Tension (LT) worth of about Rs 50 million in the year 2008-09 by upgrading the system. As a result, the consumers of domestic, commercial, industrial and tube well connectio
Published 15 Nov, 2008 12:00am
Save sugarcane crop but avoid spray, say experts

Save sugarcane crop but avoid spray, say experts

Sugarcane growers should adopt traditional measures and avoid chemical sprays to save their crop from the attack of pests like the termite or white ant that damage both the seed and the root after germination. These pests bore into the ground, eat up the
Published 15 Nov, 2008 12:00am
Senators offer help to address concerns of overseas Pakistanis

Senators offer help to address concerns of overseas Pakistanis

The visiting four-member delegation of Senate Standing Committee on Labour, Manpower and Overseas Pakistanis has offered assistance in addressing the concerns of expatriate Pakistanis on various issues facing them in their homeland.
Published 15 Nov, 2008 12:00am
Open letter to KSE Board

Open letter to KSE Board

I have the following questions which I presume should be answered by the respected Board of Karachi Stock Exchange and the Government of Pakistan. 1. I believe the Government of Pakistan is forming a "Special Fund" which would enter the market and will bu
Published 15 Nov, 2008 12:00am
'A dream come true'

'A dream come true'

It was really a dream come true when I was invited onboard first Pakistani double hull tanker M.T. QUETTA built in 2003 with a summer dead weight of 107215 MT, generally termed as AFRAMAX TANKER. Pakistan has tankers, but either single hull or with segreg
Published 15 Nov, 2008 12:00am
Role of biotechnology in cutting cotton production losses

Role of biotechnology in cutting cotton production losses

Saying that "Cotton is an important cash crop for Pakistan" would be an understatement. It accounts for 8.2 per cent of the value added in the agriculture sector and about 2% to GDP, adds over $2.8 billion to the national economy. Livelihood of millions o
Published 15 Nov, 2008 12:00am
The new IMF loan package - its implications and alternatives

The new IMF loan package - its implications and alternatives

These days there is much talk about the perils of Pakistan's economy, and lot of blame-game and mudslinging both economic and political is rampant. In this whole scenario the people of Pakistan are totally confused on two counts. a. What is in store for t
Published 15 Nov, 2008 12:00am
Reforming the local government system

Reforming the local government system

Both the PML-N and the PPP think the local government system as it exists is deeply flawed and, hence, in need of reform. While the PPP-led government in Sindh is still in discussion with its coalition partner, MQM, over the kind of changes it would like
Published 15 Nov, 2008 12:00am
Interfaith dialogue at the UN

Interfaith dialogue at the UN

The UN is hosting an interfaith dialogue for peace on the initiative of the Saudi monarch, King Abdullah bin Abdul Aziz. Its ostensible purpose is to create better understanding and tolerance among the followers of the three main monotheistic religions, w
Published 15 Nov, 2008 12:00am
Get the credit flow going

Get the credit flow going

We agree with most of the issues raised in an article published on this page in yesterday's edition on the Stock Exchange by Khalil Ahmad. However, we feel it is premature on the part of the writer to put the blame for non-payment of claims on the Arbitra
Published 15 Nov, 2008 12:00am
Draw of Rs 1,500 prize bonds today

Draw of Rs 1,500 prize bonds today

The 36th draw of Rs 1,500 prize bonds would be held on Saturday, November 15, 2008 at the State Bank of Pakistan. Multan Central Directorate of National savings, Islamabad, Ministry of Finance and State Bank of Pakistan will jointly organise the draw, sai
Published 15 Nov, 2008 12:00am
Qari Sadaqat Ali impresses parliamentarians

Qari Sadaqat Ali impresses parliamentarians

World's renowned Qari, Syed Sadaqat Ali with his soul stirring Qirat, touched the hearts of the parliamentarians at the start of the National Assembly proceedings on Friday, who could not resist paying tributes to him. Minister for Parliamentary Affairs,
Published 15 Nov, 2008 12:00am
Burney for help of quake victims

Burney for help of quake victims

Vice Chairman of Ansar Burney Trust International Sarim Burney, said that after lapse of 17 days, the facilities and normal life have not been restored in earthquake affected areas of Balochistan. Sarim Burney appreciated the commendable efforts of Pakist
Published 15 Nov, 2008 12:00am
Citibank repositions its business in Pakistan

Citibank repositions its business in Pakistan

Citibank N. A. Pakistan, a member of Citi, on Friday announced the repositioning of its businesses in Pakistan- effectively unifying the management and execution of its Corporate, Consumer and Commercial banking operations. The new business model will eff
Published 15 Nov, 2008 12:00am
KESC infrastructure: over 80 percent PMTs in city outdated

KESC infrastructure: over 80 percent PMTs in city outdated

According to rough estimates 80 percent Pole Mounted Transformers (PMTs) of the city are either outdated or overloaded, as Karachi Electric Supply Company (KESC) has not been able to fulfil its commitment on infrastructure development for at least last on
Published 15 Nov, 2008 12:00am
President ICAP appointed member of IFAC board

President ICAP appointed member of IFAC board

Asad Ali Shah, President, Institute of Chartered Accountants of Pakistan (ICAP) has been appointed as Member Board of International Federation of Accountants (IFAC) for the term 2008 - 2011. This is the first time that Pakistan will be represented on the
Published 15 Nov, 2008 12:00am
'Future of Pakistan's IT professionals is bright'

'Future of Pakistan's IT professionals is bright'

Shaheed Zulfiqar Ali Bhutto Institute of Science and Technology organised its first Software Exhibition & Competition recently. Ashraf Kapadia, Managing Director of "Systems Limited" was the chief guest of the prize distribution and closing ceremony. The
Published 15 Nov, 2008 12:00am
HBWFP representatives meet bank's president

HBWFP representatives meet bank's president

The newly elected CBA of HBL, Habib Bank Worker Front of Pakistan HBWFP met with the bank's President in its head office. The Central Executive Council and Regional Working Committees of the HBWFP from across Pakistan led by the its Secretary General, Mal
Published 15 Nov, 2008 12:00am
'No businessman to be arrested without KCCI intimation'

'No businessman to be arrested without KCCI intimation'

Anjum Nisar, President KCCI along with Siraj Kassam Teli, Chairman ruling Businessmen Group (BMG) thanked Rehman Malik, Advisor to Prime Minister on Interior for sparing time to provide opportunity to discuss arrest and detention of moneychangers and thei
Published 15 Nov, 2008 12:00am
Construction of small dams, development of solar energy stressed

Construction of small dams, development of solar energy stressed

Speakers at a meeting of Shura Hamdard Karachi chapter urged the government to develop solar energy, wind energy and coal energy as a source of alternative energy and to construct small dams in order to overcome the prevailing crisis of electricity and wa
Published 15 Nov, 2008 12:00am
29 mills yet to start crushing of sugarcane in Sindh

29 mills yet to start crushing of sugarcane in Sindh

At least 29 sugarmills in Sindh province have not yet started crushing of sugar cane despite the passage of the date announced by government for starting the process. It is to be mentioned here that the government was announced November 10 as date for sta
Published 15 Nov, 2008 12:00am
BMG Teli group likely to win all 30 KCCI MC seats

BMG Teli group likely to win all 30 KCCI MC seats

The Businessmen Group (BMG), of Siraj Kassim Teli faction is likely to win unopposed all 30 seats of managing committee of Karachi Chamber of Commerce and Industry (KCCI). The Election Committee of the Chamber had received total of 52 nomination papers, a
Published 15 Nov, 2008 12:00am
Lahore traders decide in favour of PIAF

Lahore traders decide in favour of PIAF

The Lahore's business community has already given its verdict in the favour of the PIAF-Founders Alliance as it has set new standards of excellence by extending support to business community for the cause of economic turnaround.
Published 15 Nov, 2008 12:00am
Previous Day