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Nov 30, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2008-12-03
11 Chinese students die as they try to keep warm

11 Chinese students die as they try to keep warm

Eleven schoolgirls died of carbon monoxide poisoning in north China as they tried to warm themselves around a charcoal heater amid plummeting temperatures, state media reported Tuesday. Another girl remained in hospital in a stable condition after the tra
Published 03 Dec, 2008 12:00am
Zimbabwe cholera toll nearly 500

Zimbabwe cholera toll nearly 500

A deadly cholera outbreak in Zimbabwe has killed nearly 500 people in the biggest outbreak recorded recently in the crisis-hit country, the World Health Organisation said on Tuesday. The WHO said in a report that the cholera outbreak is affecting most reg
Published 03 Dec, 2008 12:00am
FIFA and AFP team up on Africa media programme

FIFA and AFP team up on Africa media programme

World football's governing body FIFA and the AFP Foundation are teaming up to organise a training programme for 300 African-sports journalists next year. The programme involving reporters and photographers from all 53 countries in Africa is being funded b
Published 03 Dec, 2008 12:00am
US sees way forward on North Korea nuclear talks: Hill

US sees way forward on North Korea nuclear talks: Hill

The top US negotiator for multilateral talks on ending Pyongyang's nuclear programme said on Tuesday he saw a way forward at the next meeting, but details on verification must still be clarified. US Assistant Secretary of State Christopher Hill met with h
Published 03 Dec, 2008 12:00am
Iran holds naval war games in strategic waterway

Iran holds naval war games in strategic waterway

Iran said it began six days of naval war games on Tuesday in the Gulf and the Strait of Hormuz, the strategic transport route for global oil supplies which the Islamic Republic has threatened to close if it is attacked. Iran often stages exercises or test
Published 03 Dec, 2008 12:00am
Muslim cleric Qatada ordered back behind bars

Muslim cleric Qatada ordered back behind bars

A radical Muslim cleric once described as Osama bin Laden's right-hand man in Europe was ordered back behind bars in Britain Tuesday after breaching his bail terms. The Special Immigration Appeals Commission (Siac) was told that Abu Qatada, who was on a 2
Published 03 Dec, 2008 12:00am
Thousands of Israelis mourn Jews killed in Mumbai

Thousands of Israelis mourn Jews killed in Mumbai

Wailing and chanting psalms, thousands of people on Tuesday bid an emotional farewell to the six Jews killed in the bloody Mumbai attacks whose bodies were flown to Israel for burial. In Kfar Chabad, a village near Tel Aviv that houses the headquarters of
Published 03 Dec, 2008 12:00am
Developing nations urge cash in UN warming fight

Developing nations urge cash in UN warming fight

Developing countries urged rich nations on Tuesday to provide cash quickly to help them cope with global warming and safeguard tropical forests at 187-nation talks in Poland on a new climate treaty. The UN's top climate official said the December 1-12 mee
Published 03 Dec, 2008 12:00am
UN court jails Rwandan musician for 15 years

UN court jails Rwandan musician for 15 years

A UN court trying the masterminds of Rwanda's 1994 genocide gave a 15-year jail sentence on Tuesday to a famous musician who used a public address system to incite the killing of ethnic Tutsis. The Tanzania-based International Criminal Tribunal for Rwanda
Published 03 Dec, 2008 12:00am
Vatican attacked for opposing gay decriminalisation

Vatican attacked for opposing gay decriminalisation

Gay rights groups and newspaper editorials on Tuesday condemned the Vatican for its decision to oppose a proposed UN resolution calling on governments world-wide to de-criminalise homosexuality.
Published 03 Dec, 2008 12:00am
Iraq's 'Chemical Ali' gets second death sentence

Iraq's 'Chemical Ali' gets second death sentence

An Iraqi court sentenced Saddam Hussein's cousin "Chemical Ali" to death on Tuesday for the killing of thousands of Shias in a ruthless crackdown on their uprising after the 1991 Gulf War. It was the second death sentence to be handed down against Ali Has
Published 03 Dec, 2008 12:00am
Nato's big four reach Georgia, Ukraine compromise: officials

Nato's big four reach Georgia, Ukraine compromise: officials

Nato's biggest nations reached an agreement Tuesday that would allow the alliance to deepen co-operation with Georgia and Ukraine, without prejudice to the way they would eventually join the alliance. "We agreed - without prejudice to further decisions ab
Published 03 Dec, 2008 12:00am
Israeli air raid kills two in Gaza

Israeli air raid kills two in Gaza

Two Palestinians were killed in an Israeli air strike in the southern Gaza Strip on Tuesday, Palestinian medics said. The attack, which apparently targeted Palestinian activists, was carried out in the Rafah area, according to the sources. There was no im
Published 03 Dec, 2008 12:00am
Three killed in Assam train blast

Three killed in Assam train blast

Three people were killed and more than 30 wounded Tuesday in a blast that ripped through a passenger train in the north-eastern state of Assam, police officials said. A police spokesman said the explosion went off as the train was stopped at a railway sta
Published 03 Dec, 2008 12:00am
Bombs kill 14, wound many across Iraq

Bombs kill 14, wound many across Iraq

Bombs across Iraq killed fourteen people on Tuesday, police said, including a child hit by a blast outside his primary school in the north of the country. Pupils were leaving the school after finishing their classes when the bomb placed in a cart in the n
Published 03 Dec, 2008 12:00am
Nato agrees return to high-level talks with Russia

Nato agrees return to high-level talks with Russia

Nato agreed Tuesday to gradually resume high-level talks with Russia, which were frozen over its war with Georgia in August, alliance Secretary General Jaap de Hoop Scheffer said. "The allies agreed on a conditional and graduated re-engagement with Russia
Published 03 Dec, 2008 12:00am
Europeans urge Nato to step up Russia ties

Europeans urge Nato to step up Russia ties

European states urged the United States on Tuesday to agree to an early relaunch of Nato ties with Russia that were scaled backed after Moscow's August war with Georgia. The calls came as the 27-member European Union resumed talks on a broad-ranging partn
Published 03 Dec, 2008 12:00am
Dollar overnight funding rates dip

Dollar overnight funding rates dip

Dollar overnight funding rates dipped slightly in Asia on Tuesday while staying well above last month's near-zero rates as banks braced for customary funding strains at the end of the year.
Published 03 Dec, 2008 12:00am
Indian rupee climbs

Indian rupee climbs

The Indian rupee climbed on Tuesday after hitting an all-time low during trade, helped by central bank intervention and dollar sales by private and foreign banks as the stock market trimmed sharp early losses. The partially convertible rupee closed at 50.
Published 03 Dec, 2008 12:00am
Pound rebounds

Pound rebounds

Sterling rose on Tuesday, tracking gains in UK equities to reverse losses as investors covered short positions following a slide in the previous session. Sterling recovered from a early slide to $1.4779, its lowest in more than a week, and clawed back aft
Published 03 Dec, 2008 12:00am
Yen rallies in London

Yen rallies in London

The yen rallied to a five-week high versus the dollar on Tuesday as volatile stock markets reflected continued risk aversion, while investors anticipated dramatic interest rate cuts later in the week.
Published 03 Dec, 2008 12:00am
Asian bonds decline

Asian bonds decline

Asian bonds fell on Tuesday amid signs the global economic outlook was darkening after a rash of reports showed manufacturing activity around the world contracted at the sharpest pace in a decade or more. The risk premium on Thailand rose after Standard &
Published 03 Dec, 2008 12:00am
Asian bonds decline

Asian bonds decline

Asian bonds fell on Tuesday amid signs the global economic outlook was darkening after a rash of reports showed manufacturing activity around the world contracted at the sharpest pace in a decade or more. The risk premium on Thailand rose after Standard &
Published 03 Dec, 2008 12:00am
European credit spreads hit record wides

European credit spreads hit record wides

European credit spreads hit record wides on a negative outlook for 2009, but some strategists said credit spreads have overshot fundamental indicators. The Markit iTraxx Crossover index, made up of 50 mostly "junk"-rated credits, hit a wide of around 955
Published 03 Dec, 2008 12:00am
European credit spreads hit record wides

European credit spreads hit record wides

European credit spreads hit record wides on a negative outlook for 2009, but some strategists said credit spreads have overshot fundamental indicators. The Markit iTraxx Crossover index, made up of 50 mostly "junk"-rated credits, hit a wide of around 955
Published 03 Dec, 2008 12:00am
Tuesday's midday trade: Wall Street rallies

Tuesday's midday trade: Wall Street rallies

US stocks rallied on Tuesday as bargain hunters snatched up beaten down shares after Monday's steep sell-off, buttressed by news that General Electric would maintain its dividend. The energy sector, currently the least expensive group in the S&P 500 relat
Published 03 Dec, 2008 12:00am
Thai shares dip

Thai shares dip

Thai share prices closed 0.92 percent lower Tuesday, after the kingdom's constitutional court dissolved the ruling People Power Party and forced Premier Somchai Wongsawat to resign, dealers said. The Stock Exchange of Thailand (SET) composite index fell 3
Published 03 Dec, 2008 12:00am
Indian shares fall

Indian shares fall

Indian shares fell 1.14 percent on Tuesday as confirmation of a recession in the United States and fears of a widening global economic downturn pulled the market down, dealers said. The benchmark 30-share Sensex fell 100.63 points to 8,739.24 - near a thr
Published 03 Dec, 2008 12:00am
UK's top share index rises

UK's top share index rises

Britain's leading share index ended 1.4 percent higher on Tuesday, recovering some of Monday's falls in tandem with a rally on Wall Street, with oil stocks higher as crude prices steadied, offsetting weakness in miners. The FTSE 100 was up 57.37 points at
Published 03 Dec, 2008 12:00am
24 held at Afghan refugee camp for violence

24 held at Afghan refugee camp for violence

Pakistani authorities on Tuesday arrested 24 men at an Afghan refugee camp on suspicion of involvement in recent riots that killed 35 people and injured more than 200, officials said. "We have arrested 24 men who were either directly involved in the viole
Published 03 Dec, 2008 12:00am
PPDA to raise CNG price by Rs 2.50 per kg from January 1

PPDA to raise CNG price by Rs 2.50 per kg from January 1

The Pakistan Petroleum Dealers Association (PPDA) has announced to revise the Compressed Natural Gas (CNG) tariff upwards by Rs 2.50/kg effective from January 1, 2009 and threatened to shut down all CNG pumps in case of short gas supply. This was stated b
Published 03 Dec, 2008 12:00am
Dr Aafia at Texas Medical Centre

Dr Aafia at Texas Medical Centre

Responding to letter from the British Parliamentarian Lord Nazir Ahmed on the whereabouts of Dr Aafia Siddiqui, the US authorities have informed that the Pakistani citizen is currently incarcerated at Carswell Federal Medical Centre, Forth Worth, Texas, w
Published 03 Dec, 2008 12:00am
Prospects of copper and chromite identified in Waziristan

Prospects of copper and chromite identified in Waziristan

Geologists of FATA Development Authority have identified prospects of copper, chromite and manganese in South Waziristan Agency. The geologists collected 64 representative hard rock samples in the field from these areas for chemical analyses to formulate
Published 03 Dec, 2008 12:00am
New York cotton marginally lower

New York cotton marginally lower

Cotton futures closed softer on Tuesday on investor selling although most players appeared to be waiting for leads to figure out its next move, brokers said. The March cotton contract fell 0.70 cent to finish at 46.33 cents per lb, trading from 46.07 to 4
Published 03 Dec, 2008 12:00am
Aluminium, copper fall

Aluminium, copper fall

A gloomy outlook for global economic growth and demand reinforced by rising stocks hit aluminium and copper prices on Tuesday ahead of US car sales data expected to further dent sentiment. Copper for three-month delivery on the London Metal Exchange touch
Published 03 Dec, 2008 12:00am
Oil drops over four percent

Oil drops over four percent

Oil prices fell more than 4 percent to $47 a barrel on Tuesday, down $100 from its peak, driven down by a gloomy economic outlook and news that Opec made only two-thirds of its pledged supply cuts in November. US crude settled at $46.96 a barrel, down $2.
Published 03 Dec, 2008 12:00am
US gold lower

US gold lower

US gold futures ended more than 5 percent lower on Monday as a sharply lower stock market and a higher dollar amid a wave of risk aversion triggered a sell-off in all precious metals. February settled down $42.20, or 5.2 percent, at $776.80 an ounce on th
Published 03 Dec, 2008 12:00am
Soft commodities rise in London

Soft commodities rise in London

Soft commodity futures were mostly slightly firmer, underpinned by oil prices which reversed early losses on Tuesday, but dealers said prices risked falling with other markets on fears over a worsening global economic outlook. "This morning we saw that co
Published 03 Dec, 2008 12:00am
Gold rises in London

Gold rises in London

Gold climbed 1 percent on Tuesday, reversing earlier losses, as the dollar weakened against the euro on firming US equity markets and oil prices recovered from 3-1/2 year lows. Spot gold was quoted at $781.70/783.70 an ounce at 1522 GMT, up from $770.60 a
Published 03 Dec, 2008 12:00am
US MIDDAY: coffee down, cocoa up

US MIDDAY: coffee down, cocoa up

US arabica coffee added to Monday's losses as a higher dollar hurt prices, but cocoa futures reversed course on Tuesday to turn higher as quality concerns in Ivory Coast continued to haunt supplies, traders said. Arabica coffee for March delivery ceded ea
Published 03 Dec, 2008 12:00am
US MIDDAY: sugar steadies

US MIDDAY: sugar steadies

Raw sugar futures on ICE Futures US at 1331 GMT. March raw sugar contract gained 0.06 cent to 11.71 cents per lb. Trading from 11.53 to 11.73 cents. Volume was at 7,279 lots.
Published 03 Dec, 2008 12:00am
US MIDDAY: corn weakens

US MIDDAY: corn weakens

December corn was up 1 cent to $3.33-3/4 a bushel; March was up 1-1/4 to $3.50. Technical and short-covering support underpinning corn, along with a big US corn sale to Mexico. Lower crude oil weighed.
Published 03 Dec, 2008 12:00am
US MIDDAY: wheat down

US MIDDAY: wheat down

December wheat bid down 1-1/4 cents to $5.08-1/2 per bushel; March was down 1-3/4 to $5.26-1/4. Early short-covering support faded as crude oil turned lower. Big global wheat supplies and some disappointment that Egypt did not buy any US wheat in its late
Published 03 Dec, 2008 12:00am
US MIDDAY: soyabeans lower

US MIDDAY: soyabeans lower

January soyabean futures were down 4-1/2 cents to $8.41-1/2 per bushel. Corn/soya price relationship adjusting after soya gained on corn over the past month. Soya also pressured by improved crop weather in Argentina and Brazil and weak crude oil. Declines
Published 03 Dec, 2008 12:00am
US MIDDAY: copper falls

US MIDDAY: copper falls

US copper futures added to the losses they posted on Monday as gains in the dollar and the economic slowdown continued to plague the industrial metal on Tuesday, traders said. But trade was light and buying of US equities provided a solid underpinning, th
Published 03 Dec, 2008 12:00am
US MIDDAY: gold climbs

US MIDDAY: gold climbs

US gold futures bounced 1 percent Tuesday on a weaker dollar following the previous session's steep losses, but bullion could sell off further in the near term on the back of the weak stock market. February gold rises $6.80 to $783.60 an ounce at 10:21 am
Published 03 Dec, 2008 12:00am
Confrontational politics no solution to problems: Khuhro

Confrontational politics no solution to problems: Khuhro

Speaker Sindh Assembly, Nisar Ahmed Khuhro on Tuesday said that PPP believes in politics of reconciliation as confrontational politics is no solution to the problems. "We want to create such an environment in Sindh, particularly in Karachi where all commu
Published 03 Dec, 2008 12:00am
Nokia Siemens modernising Qtel networks

Nokia Siemens modernising Qtel networks

Qatar Telecom (Qtel), the leading telecommunications company, took another important stride towards delivering the highest standard of communications infrastructure on Tuesday, with the completion of an agreement to implement a full network modernisation
Published 03 Dec, 2008 12:00am
'PPP resolves to initiate people-friendly polices'

'PPP resolves to initiate people-friendly polices'

Provincial Minister for Labour, Sher Azam Wazir on Tuesday said the PPP government has resolved to initiate people-friendly policies despite all odds so as to give relief to the masses and improve their living conditions. He expressed these views while ta
Published 03 Dec, 2008 12:00am
PML-Q and PELC organise anti India rally

PML-Q and PELC organise anti India rally

Pakistan Muslim League-Q and Pervaiz Elahi Lovers Council (PELC) organised an anti-India rally on Tuesday. They staged a demonstration in front of Multan Press Club led by Rana Muhammad Hafeez, Secretary General of PELC & PML-Q, Yasmeen Khan Khakwani, Cen
Published 03 Dec, 2008 12:00am
37th national day of UAE celebrated in Islamabad

37th national day of UAE celebrated in Islamabad

The 37th national day of United Arab Emirates (UAE) was celebrated with great zeal and fervour here on Tuesday. A simple but impressive ceremony was organised at UAE embassy in Islamabad to commemorate the day.
Published 03 Dec, 2008 12:00am
Farooq asks for UNSC probe into Mumbai attacks

Farooq asks for UNSC probe into Mumbai attacks

National Conference Patron and former puppet Chief Minister, Dr Farooq Abdullah has asked the government of India to let the United Nations Security Council probe into the terrorist attacks in Mumbai in occupied Kashmir. Talking to the media persons at To
Published 03 Dec, 2008 12:00am
War will push Pakistan, India centuries back: HCBA Multan

War will push Pakistan, India centuries back: HCBA Multan

President of High Court Bar Association (HCBA) Multan Mehmood Ashraf Khan has said that India and Pakistan should peacefully overcome their misunderstandings instead of adopting war which would push both countries many centuries back.
Published 03 Dec, 2008 12:00am
UAE to facilitate 289 deserving Pakistanis for Haj

UAE to facilitate 289 deserving Pakistanis for Haj

As a gesture of goodwill and to facilitate 289 deserving persons to perform Haj, the United Arab Emirates (UAE) government has provided finances to the tune of Rs 53 million to meet their Haj expenditure. The funds so provided would be spent on airfare, a
Published 03 Dec, 2008 12:00am
Iftikhar terms Mumbai attacks inhuman act

Iftikhar terms Mumbai attacks inhuman act

NWFP Minister for Information, Mian Iftikhar Hussain, while condemning the Mumbai terrorism attack has termed it as inhuman and unfortunate. In a press statement issued here on Tuesday, NWFP Minister for Information said that it was a condemnable act and
Published 03 Dec, 2008 12:00am
Pakistan to smash any group linked to Mumbai attacks: Haqqani

Pakistan to smash any group linked to Mumbai attacks: Haqqani

Pakistan's democratic government will "put out of business" any group which is held responsible for last week's terrorist attacks in Mumbai that killed nearly 200 people and led to new tensions between India and Pakistan, Ambassador Husain Haqqani said on
Published 03 Dec, 2008 12:00am
HRW urges India and Pakistan to cooperate in Mumbai attack probe

HRW urges India and Pakistan to cooperate in Mumbai attack probe

Condemning terror attacks that killed nearly 200 people in Mumbai, an International Human Rights Watch on Tuesday asked the governments of India and Pakistan to cooperate in a "prompt and thorough investigation" to identify the perpetrators of the crime a
Published 03 Dec, 2008 12:00am
Pakistan elected co-chairman of OPEWG

Pakistan elected co-chairman of OPEWG

Pakistan has been elected as Co-Chairman of the Open Ended Working Group for year 2009 at the 20th Meeting of the Parties (MOP-20) to the Montreal Protocol on the substances that deplete the Ozone layer. The Ministers, Deputy Ministers for Environment, Am
Published 03 Dec, 2008 12:00am
Home resources

Home resources

Pakistan is facing tight financial position and the best remedy is to develop our own home resources to generate funds. Just adjacent to Sindh Industrial Trading Estate lies Mauripur Airbase with more than 5000 acres of waste land. The present rate in SIT
Published 03 Dec, 2008 12:00am
Educational problems

Educational problems

As we all know the status of our schools is not up to the mark. Inexperienced and sometimes not even qualified teachers are hired. Many schools have been allowed to open whether or not they are good enough. Children that don't belong to rich families are
Published 03 Dec, 2008 12:00am
Imran Khan's call

Imran Khan's call

Pakistan Tehreek-e-Insaf Chairman Imran Khan fears that 2.5 million acres of land will turn barren as the rulers are not taking up the issue of Chenab water with India seriously (November 24). This is just another issue that Imran Khan has pointed out bes
Published 03 Dec, 2008 12:00am
Good Morning: If it is beyond us, then pray

Good Morning: If it is beyond us, then pray

I am hearing a lot of speculation and prophecy of what could happen here after Eidul Azha (next Tuesday) and that weighs heavily on the mind, and naturally brings anxiety too. Like one is also listening to what lies ahead in March 2009, when the Senate el
Published 03 Dec, 2008 12:00am
Building a foundation of common interest

Building a foundation of common interest

The Mumbai terrorist attacks, which started on November 26, 2008, resulted in the death of at least 195 people and injured more than 295 people. These terrorists ruthlessly and methodically, without remorse, executed the indiscriminate killing of innocent
Published 03 Dec, 2008 12:00am
The bane of political activism

The bane of political activism

Coming so soon in the wake of rude awakening of the Sindh government and its constituent parties in the ruling coalition to the people's subdued worries over signals of simmering ethnic tension in Karachi, the outburst of sporadic violence last Saturday w
Published 03 Dec, 2008 12:00am
Senate Committee briefed about government performance

Senate Committee briefed about government performance

State Bank Governor, Shamshad Akhtar and Secretary Finance, Dr Waqar Masood, while briefing the Senate Standing Committee on Finance, revealed a few unpalatable truths with respect to the performance of the incumbent government: inflation rose from 7 to 2
Published 03 Dec, 2008 12:00am
Agricultural insurance

Agricultural insurance

Insurance in the agricultural sector is important for imparting confidence to the farming community, alleviating poverty and increasing credit flows for purchasing the needed inputs. However, while the government has played a vital role in areas like impr
Published 03 Dec, 2008 12:00am
LHC directs Nazim to install water filtration plants

LHC directs Nazim to install water filtration plants

The Lahore High Court (LHC) on Tuesday directed Nazim Data Gunj Bakhsh Town to install "Water Filtration Plants" in his town at earliest as approved through a tender. The court issued this direction on a petition filed by a lawyer Atir Mehmood calling in
Published 03 Dec, 2008 12:00am
LHC issues notice to Punjab government in commissioners' case

LHC issues notice to Punjab government in commissioners' case

The Lahore High Court on Tuesday issued notices to the Punjab Government in two identical petitions challenging the new "Commissionerate System" established through an amendment in the Punjab Land Revenue (Amendment) Ordinance, 2008.
Published 03 Dec, 2008 12:00am
Majeed elected PVMA chairman

Majeed elected PVMA chairman

Haji Muhammad Abdul Majeed, Director Ahmad Oil Industries (Sindh) has been elected as Chairman Pakistan Vanaspati Manufacturers Association (PVMA) for the year 2009, while Tariq Ullah Sufi from Punjab and M. D. Hamza Vegetable Oil Refinery and Ghee Mills
Published 03 Dec, 2008 12:00am
Pepco announces loadshedding plan

Pepco announces loadshedding plan

Pakistan Electric Power Company (Pepco) has finally announced loadshedding plan for urban and rural areas with a maximum four hours and six hours power cuts respectively during December and January. According to a Pepco press statement, the Indus River Sy
Published 03 Dec, 2008 12:00am
CNG dealers to launch countrywide protest against ECC's decision

CNG dealers to launch countrywide protest against ECC's decision

All Pakistan CNG Association has taken serious notice of Economic Co-ordination Committee's decision closing down all the CNG stations across the country for two months and announced to launch a countrywide protest to press the government to withdraw the
Published 03 Dec, 2008 12:00am
10 new cases of dengue fever reported

10 new cases of dengue fever reported

As many as 10 new dengue fever patients have been admitted in various teaching hospitals during the last 24 hours while 19 have been discharged after recovery. According to details, two new dengue fever patients have been admitted in Mayo Hospital, five r
Published 03 Dec, 2008 12:00am
FWB President receives standing ovation in SWB moot

FWB President receives standing ovation in SWB moot

Zarine Aziz, President, First Women Bank Ltd, represented Pakistan as a Key note speaker at the two international conferences held in Sydney and Melbourne. The conferences were held under the auspices of Institute for International Research (IIR) Sydney a
Published 03 Dec, 2008 12:00am
Approval for 100 new uplift schemes worth Rs 1068 million

Approval for 100 new uplift schemes worth Rs 1068 million

Punjab Chief Minister, Mian Muhammad Shahbaz Sharif has accorded approval for 100 new development schemes, worth of Rs 1,068 million, in the provincial metropolis. In this connection installation of 69 new tube-wells in various water-deficient localities
Published 03 Dec, 2008 12:00am
SBP governor hopeful of decline in inflation in five months

SBP governor hopeful of decline in inflation in five months

State Bank of Pakistan (SBP) Governor Dr Shamshad Akhtar has termed the monetary policy as successful and said it is expected that core inflation will decline within two to five months. She expressed these views while talking to newsmen here on Tuesday, a
Published 03 Dec, 2008 12:00am
Course on 'Agribusiness Management' concludes

Course on 'Agribusiness Management' concludes

The Pakistan Industrial and Traders Associations Front (PIAF) has convened its Executive Committee meeting on December 4 (Thursday) to review ongoing economic situation. The Executive Committee would also discuss the suggestions it received from various i
Published 03 Dec, 2008 12:00am
Amicus starts operation in Pakistan

Amicus starts operation in Pakistan

The Canadian leading immigration consulting firm Amicus has started offering exclusive service in Pakistan. The company is servicing its clients since a number of years from Canada and is duly licensed by the Canadian Society of Immigration Consultants (C
Published 03 Dec, 2008 12:00am
Managing director PIA inaugurates ACMC

Managing director PIA inaugurates ACMC

Pakistan Internation-al Airlines (PIA) Managing Director Captain Muhammad Aijaz Haroon has inaugurated PIA Air Crew Medical Centre (ACMC) at the Lahore airport. According to a PIA's spokesman here on Tuesday, the Air Crew Medical Centre has been functiona
Published 03 Dec, 2008 12:00am
Imported cars: LHC grants stay against luxury tax

Imported cars: LHC grants stay against luxury tax

The Lahore High Court (LHC) granting stay against the imposition of luxury tax on imported cars adjourned to December 12 the proceedings in some identical petitions for further hearing along with a number of connected petitions challenging tax in question
Published 03 Dec, 2008 12:00am
Vice chancellor ICU urges strategy for educating youth on AIDS

Vice chancellor ICU urges strategy for educating youth on AIDS

Vice Chancellor Islamia College University Ajmal Khan has called upon academicians to evolve a suitable strategy to educate youth about the risk factors of AIDS to control the alarming spread of the deadly disease.
Published 03 Dec, 2008 12:00am
Food management rather than production main issue: UAF vice chancellor

Food management rather than production main issue: UAF vice chancellor

Prevailing food crisis of the country is a management issue rather than a production. The previous government instead of investing on agriculture focussed on telecommunication, automobile, and consumer financing, consequently our import bill raised manifo
Published 03 Dec, 2008 12:00am
Scholars urge India to avoid endangering regional peace

Scholars urge India to avoid endangering regional peace

A penal of scholars and educationist on Tuesday urged India to desist from taking any step that endanger regional peace and security. The two countries India and Pakistan have no option but to resolve their bilateral disputes through peaceful means.
Published 03 Dec, 2008 12:00am
PGMI-LGH board meeting on December 4

PGMI-LGH board meeting on December 4

A meeting of the Board of Management (BoM) of Post Graduate Medical Institute (PGMI)/Lahore General Hospital is being held on Thursday (December 04). The meeting would take some important decisions vis-a-vis making the LGH as state-of-the-art hospital, we
Published 03 Dec, 2008 12:00am
Smeda, GCU sign MoU

Smeda, GCU sign MoU

The Small and Medium Enterprises Development Authority (Smeda) entered into a Memorandum of Understanding (MoU) with Government College University (GCU) to explore co-operation in training programmes and research projects, especially, in the field of SME
Published 03 Dec, 2008 12:00am
The Weather

The Weather

The weather report on Tuesday (December 02, 2008) and the forecast for Wednesday (December 03, 2008).

Published 03 Dec, 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 03 Dec, 2008 12:00am
AKU-IED moot on research methodologies opens today

AKU-IED moot on research methodologies opens today

The Aga Khan University Institute for Educational Development (AKU-IED) will organise a two-day conference on research methodologies from December 3. A spokesman of the AKU said the moot was being held in collaboration with the Higher Education Commission
Published 03 Dec, 2008 12:00am
Troops kill six militants in Swat: army

Troops kill six militants in Swat: army

Troops killed at least six militants while one soldier died on Tuesday in Swat, the military said. They died during a two-hour shootout involving helicopter gunships, which started when militants ambushed a security forces convoy in the Kabal area of Swat
Published 03 Dec, 2008 12:00am
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