News Archives for Print - 2008-12-22

Government striving to control high birth rate

The Federal Population Welfare Minister. Dr Firdous Ashiq Awan has said that strenuous efforts were being made to control the birth rate aimed at reducing population momentum in the country.

Published 22 Dec, 2008 12:00am

Lack of well-trained human resources biggest constraint in implementing MSDS

The lack of well-trained human resources is the biggest constraint in implementing Minimum Service Delivery Standards (MSDS) in Punjab.

Published 22 Dec, 2008 12:00am

Commodities mixed on wholesale markets

Commodities wholesale markets stayed during the week ended on December 20, 2008, as black pepper, cardamom, and isbaghol bhoosi depicted downtrend while wheat and cottonseed cakes showed uptrend.

Published 22 Dec, 2008 12:00am

Lower crop estimates, TCP entry may not sustain cotton prices

The fears of a lower cotton crop this season have now appeared to have enough truth. The Pakistan Cotton Ginners' Association (PCGA) have released their periodical cotton arrival reports according to which total arrivals of seed-cotton is equivalent of 9.

Published 22 Dec, 2008 12:00am

Lower crop estimates, TCP entry may not sustain cotton prices

The fears of a lower cotton crop this season have now appeared to have enough truth. The Pakistan Cotton Ginners' Association (PCGA) have released their periodical cotton arrival reports according to which total arrivals of seed-cotton is equivalent of 9.

Published 22 Dec, 2008 12:00am

Ginners' meeting with PTC successful for cotton trade

Cotton trading got a boost as ginners' meeting with the PTC was stated to be successful. Following this favourable decision, buying was up, depending on the value of dollar. Spot rate was down to Rs 2850.

Published 22 Dec, 2008 12:00am

Ginners' meeting with PTC successful for cotton trade

Cotton trading got a boost as ginners' meeting with the PTC was stated to be successful. Following this favourable decision, buying was up, depending on the value of dollar. Spot rate was down to Rs 2850.

Published 22 Dec, 2008 12:00am

Business Group sweeps PCDMA elections

The Business Group has won 16 seats out of the total 18 of the executive committee of Pakistan Chemical and Dyes Merchants' Association (PCDMA) in the elections for 2008-09.

Published 22 Dec, 2008 12:00am

Death anniversary of Benazir: PIA to operate extra flights to Sukkur

PIA has made arrangements for operating special flights from Islamabad, Lahore and Karachi to Sukkur in addition to the airline's regular scheduled flights from December 26 to 28. To facilitate people reach Sukkur to attend the 1st Death Anniversary of Sh

Published 22 Dec, 2008 12:00am

News about embezzlement of funds refuted

The Director, Animal Husbandry Hyderabad, Dr Ghulam Sarwar Shaikh has refuted the news item appeared in a section of press about embezzlement of funds termed it as baseless.

Published 22 Dec, 2008 12:00am

Gwadar Port to generate two million jobs

Gwadar Port fully functional now is expected to generate billions of dollars in revenues and create at least two million jobs. According to a report of private TV channel, Gwadar will serve as an energy corridor for Central Asia, Middle East, South Asia a

Published 22 Dec, 2008 12:00am

Mohtarma Benazir an icon of strength for women: Riaz

Mohtarma Benazir Bhutto Shaheed was an icon of strength and prowess for the Pakistani women as she has given new heights to the women character by her resolute efforts for the development and welfare of the people especially the downtrodden that are the r

Published 22 Dec, 2008 12:00am

'Scouting brings out the best human qualities among the youth'

President, Asif Ali Zardari has said that scouting is a unique organised endeavour that derives sustenance from innate human qualities of love, compassion and selfless service to mankind regardless of caste, creed, colour or national boundaries.

Published 22 Dec, 2008 12:00am

Balochistan remains in grip of severe cold weather

Northern and central Balochistan including the provincial capital remained in grip of severe cold weather on Sunday after the snowfall in hilly areas of northern parts of the province.

Published 22 Dec, 2008 12:00am

Transporters link slashing fares to reduce cost of diesel

Karachi Transport Action Committee and Anjuman-e-Ittehad Bus Malkan here on Sunday agreed to reduce public transport fare by Rs 3 to Rs 5 provided the local cost of petroleum products, mainly diesel, was slashed by Rs 15. In a press statement they said th

Published 22 Dec, 2008 12:00am

Cash gifts for deserving Christians to celebrate Christmas

As the preparations for Christmas has reached its climax, the government is handing out cash gifts to the Christian community so that they can celebrate their festival in a befitting manner.

Published 22 Dec, 2008 12:00am

Syrian media team arrives

A six-member media delegation from Syria, led by the Deputy Minister of Information Muhammad Razzouk, arrived here last night on official visit to Pakistan on Sunday. The delegation was received by State Minister for Information and Broadcasting Syed Sums

Published 22 Dec, 2008 12:00am

Gakkhar plaza tragedy: traders demand compensation

Traders Action Committee on Sunday demanded compensation to the traders who suffered from heavy loss in the burnt of the Gakkhar plaza, one of the biggest trade centre in Rawalpindi.

Published 22 Dec, 2008 12:00am

Benazir income support programme to be launched on December 23

The much awaited Benazir Income Support Programme (BISP) for financial assistance of less privileged segments of the society would be formally launched on Tuesday.

Published 22 Dec, 2008 12:00am

PEW seeks judicial probe into Gakkhar plaza collapse

The Pakistan Economy Watch (PEW) Sunday urged the government for conducting a thorough judicial probe into the unfortunate fire and demolition of Gakkhar Plaza and announce compensation for the families of the affected people.

Published 22 Dec, 2008 12:00am

BMA presents Pakistan's case at Singapore equity trading conference

A delegation from BMA, Pakistan's premier investment group, presented international investors with an analysis on Pakistan's economy and equity markets at the Trade Tech 2008 conference in Singapore earlier this month.

Published 22 Dec, 2008 12:00am

BMA presents Pakistan's case at Singapore equity trading conference

A delegation from BMA, Pakistan's premier investment group, presented international investors with an analysis on Pakistan's economy and equity markets at the Trade Tech 2008 conference in Singapore earlier this month.

Published 22 Dec, 2008 12:00am

Shortest day and longest night

It comes with a regularity, every year December 21, (Sunday) marks the winter solstice, the shortest day and the longest night in Northern Hemisphere including in Pakistan.

Published 22 Dec, 2008 12:00am

1,439 candidates appear in Sindh University pre-entry test

As many as 1439 candidates appeared in pre entry test for admissions to MS/M.Phil programme and Bachelors and Masters disciplines (evening programme) in various departments and Institute of Sindh University, Jamshoro on Sunday.

Published 22 Dec, 2008 12:00am

Arrest of Asiya Andrabi condemned

In occupied Kashmir, the Dukhtaran-e-Milat (DM), has said that the occupation authorities have detained its Chairperson, Aasiya Andrabi under the black law, Public Safety Act (PSA) due to her contribution in the liberation movement.

Published 22 Dec, 2008 12:00am

Finance Expo 2009 launched

The launching ceremony of the Finance Expo 2009 was held at a local hotel on Sunday. Dr Mirza Ikhtiar Baig, Advisor to the Ministry of Textile Industry, was the chief guest of the ceremony.

Published 22 Dec, 2008 12:00am

Navtec to hold certificates distribution ceremony

National Vocational and Technical Education Commission (Navtec) is arranging a certificates and tool kits distribution ceremony on Tuesday at Convention Centre, Islamabad.

Published 22 Dec, 2008 12:00am

Government takes various steps for enhancing edible oil production

The government has taken a number of steps to enhance production of edible oil in the country. The area under canola cultivation has been increased from eight thousand acres in 1995 to over four hundred thousand acres in 2008. Sunflower area was increased

Published 22 Dec, 2008 12:00am

Gakkhar Plaza: five POF fire fighters killed in rescue operation

Five fire fighters, including the team leader of Pakistan Ordnance Factories (POF) Wah Cantt sacrificed their lives during rescue operation conducted at Gakkhar Plaza in Rawalpindi.

Published 22 Dec, 2008 12:00am

Naheed criticises PPP government for ignoring party workers

Naheed Khan, close aide of later Benazir Bhutto and her political secretary, on Saturday criticised Pakistan People's Party (PPP) government for ignoring party workers and not providing them jobs. Talking to newsmen on phone, Naheed Khan said despite a la

Published 22 Dec, 2008 12:00am

India labelled as unreliable trade partner

'Whenever tension mounts between India and Pakistan, the neighbour loses its credibility as a reliable supplier of industrial raw material putting an effective break in the bilateral trade between the two countries,' former President, Multan Chamber of Co

Published 22 Dec, 2008 12:00am

Doctor killed

A veterinary doctor, Muhammad Bukhsh, son of Muhammad Bukhsh Rajoka, resident of Chak 140-JB, was going home when he reached near Jhok Malia village, some dacoits intercepted him and snatched his motorcycle, cash and a mobile phone.

Published 22 Dec, 2008 12:00am

Punjab farmers reject conditions of IMF

The farmers of Punjab have rejected the conditions of IMF and amendments in the Seed Act terming it in the interest of multinationals and against the poor farming community. They have vowed to resist every move aimed at suffocating the already ailing sect

Published 22 Dec, 2008 12:00am

Textile industry be exempted from gas cuts: Majeed

Textile Industry is already struggling and running at almost 50 per cent capacity, and cannot sustain further shocks, said Azhar Majeed Sheikh, Chairman, Khurrianwala Industrial Estate Association.

Published 22 Dec, 2008 12:00am

Punjab tightens Muharram security moves

Punjab Home Department has issued directives to the DCOs and police officers to chalk out effective measures to ensure maintenance of law and order during Muharram-ul-Haram across the province. It has directed to ensure enforcement of the government's ban

Published 22 Dec, 2008 12:00am

Karachi University Employees Cooperative Housing Society election

The Election of the Karachi University Employees Cooperative Housing Society was held at the campus, a University spokesman said on Sunday. He stated that according to results, Prof. Dr. Pervez Siddiqui was elected as president for the second consecutive

Published 22 Dec, 2008 12:00am

Karachi University VC calls for fostering academic, scientific culture

There is a need to foster academic and scientific culture in order to put the country on the path of progress and prosperity. The Vice Chancellor, Karachi University, Prof. Dr Pirzada Qasim Raza Siddiqui stressed this.

Published 22 Dec, 2008 12:00am

Rehman promises to apprehend Musharraf for killing Bugti: Talal

Jamhoori Watan Party (JWP) chief Nawab Talal Akbar Bugti on Sunday said the government had promised him to soon apprehend former President Pervez Musharraf for 'killing' Baloch nationalist leader Nawab Akbar Khan Bugti and other crimes he committed during

Published 22 Dec, 2008 12:00am

EPZA to set up seven new zones

The Export Processing Zone Authority (EPZA) will set up seven more export processing zones across the country and in Azad Kashmir in near future to accelerate business activities, the General Manager, EPZA, Muhammad Ashraf Wahla said.

Published 22 Dec, 2008 12:00am

FPCCI demands import and export trades from Gwadar port

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has welcomed making Gwadar port functional by berthing of the first vessel in Gwadar port and demanded of the government to allow traders for import and export in order to make the port

Published 22 Dec, 2008 12:00am

Public advised to observe safety measures while using gas heaters

Health experts warned the people to switch off gas room heaters before going to bed otherwise it may cause death.

Published 22 Dec, 2008 12:00am

Shahbaz announces compensation for heirs of martyred rescue workers

The Chief Minister Punjab Mian Shahbaz Sharif has announced Rs two million each for the heirs of martyred rescue workers, who martyred during rescue operation in the fire, which gutted Ghakhar Plaza.

Published 22 Dec, 2008 12:00am

Raisani for completion of Gwadar housing schemes

Balochistan Chief Minister Nawab Muhammad Aslam Raisani has directed the concerned officials and project directors to complete the ongoing Singhar and New Town housing schemes as per standard within the stipulated time in Gwadar port city.

Published 22 Dec, 2008 12:00am

Government starts consultation with Fata elders

State Minister for Interior Tasneem Ahmed Qureshi said on Sunday that government has started consultation process with tribal elders of Fata to know their viewpoint in restoring peace in the region.

Published 22 Dec, 2008 12:00am

Death toll rises to 12 in Gakkhar Plaza tragedy

Twelve persons were killed and over 65 others injured when Gakkhar Plaza, the commercial hub of Rawalpindi, collapsed after fire erupted at the complex in the wee hours of Saturday.

Published 22 Dec, 2008 12:00am

Fixing OMCs, dealers' margins: government working to revise oil pricing formula

The government is working on revising the current oil pricing formula to fix the margins of oil marketing companies (OMCs) and dealers by capping upper and lower levels at $70 and $80 per barrel.

Published 22 Dec, 2008 12:00am

Tarin arrives in Tehran

Shaukat Tarin, Adviser to Prime Minister on Finance and Economic Affairs arrives here on Monday morning to attend the 3rd ECO Ministerial Meeting on Finance and Economy.

Published 22 Dec, 2008 12:00am

US accused of violating diplomatic norms

The JUI (F) Chief, Maulana Fazal-ur-Rehman has said that the United States has violated the diplomatic norms by inviting Parliamentarians for briefing. Talking to media persons on Sunday, he said the US should not directly invite the Parliamentarians for

Published 22 Dec, 2008 12:00am

Kabul welcomes extra US troops

Afghanistan on Sunday welcomed a US pledge to send up to 30,000 extra troops by mid-2009, but the Taliban warned Washington its forces would be "cruelly defeated" as the Soviets were in the 1980s.

Published 22 Dec, 2008 12:00am

Growth prospects of Balochistan hurt further: ADB

Asian Development Bank observed that the lack of private sector participation in the development process further hurts growth prospects of Balochistan. Balochistan province is rich in minerals, but private sector plays a limited role in the sector, it not

Published 22 Dec, 2008 12:00am

Growth prospects of Balochistan hurt further: ADB

Asian Development Bank observed that the lack of private sector participation in the development process further hurts growth prospects of Balochistan. Balochistan province is rich in minerals, but private sector plays a limited role in the sector, it not

Published 22 Dec, 2008 12:00am

Growth prospects of Balochistan hurt further: ADB

Asian Development Bank observed that the lack of private sector participation in the development process further hurts growth prospects of Balochistan. Balochistan province is rich in minerals, but private sector plays a limited role in the sector, it not

Published 22 Dec, 2008 12:00am

Iran says diplomat kidnapped in Pakistan is alive

An Iranian diplomat kidnapped last month in Pakistan is alive, Tehran's ambassador to Islamabad was quoted by a newspaper as saying on Sunday. Gunmen kidnapped Hashmatullah Attarzadeh on his way to the consulate in Peshawar on November 13 and killed his l

Published 22 Dec, 2008 12:00am

Russia starts missile delivery to Iran: Iranian MP

Russia has begun delivering S-300 air defence systems to Iran which could help repel any Israeli and US air strikes on its nuclear sites, the official IRNA news agency reported on Sunday.

Published 22 Dec, 2008 12:00am

Russia starts missile delivery to Iran: Iranian MP

Russia has begun delivering S-300 air defence systems to Iran which could help repel any Israeli and US air strikes on its nuclear sites, the official IRNA news agency reported on Sunday.

Published 22 Dec, 2008 12:00am

Militancy strikes leave 15 dead

At least 15 people were killed in a rocket attack, executions carried out by suspected Taliban militants, and bombardment by warplanes in north-west, officials and media reports said on Sunday. Militant fired four rockets on various locations in Bannu dis

Published 22 Dec, 2008 12:00am

Saudis deny there was Qaeda plot against the haj: report

Saudi Arabia has denied it foiled an al Qaeda attack on this year's hajj, rejecting a US report that it had advance intelligence of a plot against Mecca pilgrims, a newspaper reported on Sunday.

Published 22 Dec, 2008 12:00am

Congo rebels threaten action as peace talks flounder

Congolese Tutsi rebels threatened on Sunday to advance into UN-monitored buffer zones in eastern Congo after refusing to sign a declaration ending hostilities with the government, the rebels and mediators said.

Published 22 Dec, 2008 12:00am

Snow and freezing weather sweep northern China

Snow and freezing weather have swept large parts of northern China causing, travel chaos for thousands, state media and the meteorological department said on Sunday. In Beijing's neighbouring city of Tianjin, all flights were cancelled at the Binhai Inter

Published 22 Dec, 2008 12:00am

Indian envoys' meeting today

India's envoys to world capitals will meet at a two-day conference on Monday to deliberate foreign policy issues, Aaj TV reported. Indian External Affairs Minister Pranab Mukherjee will inaugurate the meeting of over 120 ambassadors and High Commissioners

Published 22 Dec, 2008 12:00am

Indian envoys' meeting today

India's envoys to world capitals will meet at a two-day conference on Monday to deliberate foreign policy issues, Aaj TV reported. Indian External Affairs Minister Pranab Mukherjee will inaugurate the meeting of over 120 ambassadors and High Commissioners

Published 22 Dec, 2008 12:00am

Move to give statutory status to PPIB

The government has decided to give statutory status to the Private Power and Infrastructure Board (PPIB) through an Act of Parliament, in a bid to improve its performance. The decision was taken at the 79th meeting of PPIB, with Federal Minister for Water

Published 22 Dec, 2008 12:00am

Move to give statutory status to PPIB

The government has decided to give statutory status to the Private Power and Infrastructure Board (PPIB) through an Act of Parliament, in a bid to improve its performance. The decision was taken at the 79th meeting of PPIB, with Federal Minister for Water

Published 22 Dec, 2008 12:00am

Move to give statutory status to PPIB

The government has decided to give statutory status to the Private Power and Infrastructure Board (PPIB) through an Act of Parliament, in a bid to improve its performance. The decision was taken at the 79th meeting of PPIB, with Federal Minister for Water

Published 22 Dec, 2008 12:00am

Purchase of 75 locomotives: award of contract to Chinese firm evokes controversy

A glaring lack of transparency or fair play perceptibly bordering on infighting, bickering and squabbles among the senior officials of the Railways and the Railways Ministry has led to cause a highly unfortunate situation.

Published 22 Dec, 2008 12:00am

Purchase of 75 locomotives: award of contract to Chinese firm evokes controversy

A glaring lack of transparency or fair play perceptibly bordering on infighting, bickering and squabbles among the senior officials of the Railways and the Railways Ministry has led to cause a highly unfortunate situation.

Published 22 Dec, 2008 12:00am

Purchase of 75 locomotives: award of contract to Chinese firm evokes controversy

A glaring lack of transparency or fair play perceptibly bordering on infighting, bickering and squabbles among the senior officials of the Railways and the Railways Ministry has led to cause a highly unfortunate situation.

Published 22 Dec, 2008 12:00am

Purchase of urea on deferred payment: Saudi Arabia refuses $400 million credit facility

Saudi Arabia has refused to provide $400 million additional credit facility to Pakistan for the purchase of urea on deferred payment, well-placed sources told Business Recorder here on Sunday. According to sources, at present the country is facing

Published 22 Dec, 2008 12:00am

Purchase of urea on deferred payment: Saudi Arabia refuses $400 million credit facility

Saudi Arabia has refused to provide $400 million additional credit facility to Pakistan for the purchase of urea on deferred payment, well-placed sources told Business Recorder here on Sunday. According to sources, at present the country is facing

Published 22 Dec, 2008 12:00am

Purchase of urea on deferred payment: Saudi Arabia refuses $400 million credit facility

Saudi Arabia has refused to provide $400 million additional credit facility to Pakistan for the purchase of urea on deferred payment, well-placed sources told Business Recorder here on Sunday. According to sources, at present the country is facing

Published 22 Dec, 2008 12:00am

Don't see India's peace moves as weakness: Sonia

Indian Congress President Sonia Gandhi on Sunday warned Pakistan not to view India's peace efforts as a sign of its weakness, according to a private TV channel. Pakistan has "failed to halt the use of its soil by terrorists", she told an election rally in

Published 22 Dec, 2008 12:00am

Option to take one-sided action still open: Mukherji

Indian Foreign Affairs Minister Parnab Mukherji has said option to take one-sided action against Pakistan is still open. He said Pakistan should avoid criticising India, but to extend co-operation. Talking to newsmen here on Sunday he again "advised" Paki

Published 22 Dec, 2008 12:00am

No transaction under CFS Mk-II

The CFS Mk-II market remained closed throughout the week as per Sindh High Court order. On Friday, the National Clearing Company of Pakistan Limited (NCCPL) announced that the CFS Mk-II operations will resume at 4:00pm from December 19, 2008. However, no

Published 22 Dec, 2008 12:00am

No transaction under CFS Mk-II

The CFS Mk-II market remained closed throughout the week as per Sindh High Court order. On Friday, the National Clearing Company of Pakistan Limited (NCCPL) announced that the CFS Mk-II operations will resume at 4:00pm from December 19, 2008. However, no

Published 22 Dec, 2008 12:00am

No transaction under CFS Mk-II

The CFS Mk-II market remained closed throughout the week as per Sindh High Court order. On Friday, the National Clearing Company of Pakistan Limited (NCCPL) announced that the CFS Mk-II operations will resume at 4:00pm from December 19, 2008. However, no

Published 22 Dec, 2008 12:00am

No transaction under CFS Mk-II

The CFS Mk-II market remained closed throughout the week as per Sindh High Court order. On Friday, the National Clearing Company of Pakistan Limited (NCCPL) announced that the CFS Mk-II operations will resume at 4:00pm from December 19, 2008. However, no

Published 22 Dec, 2008 12:00am

Index sheds record 1,672.68 points

The Karachi share market witnessed heavy selling pressure during the week after removal of price floor, and the KSE-100 index registered a record decline of 1,672.68 points, or 18.2 percent, to close at 7,514.42 points.

Published 22 Dec, 2008 12:00am

Index sheds record 1,672.68 points

The Karachi share market witnessed heavy selling pressure during the week after removal of price floor, and the KSE-100 index registered a record decline of 1,672.68 points, or 18.2 percent, to close at 7,514.42 points.

Published 22 Dec, 2008 12:00am

Index sheds record 1,672.68 points

The Karachi share market witnessed heavy selling pressure during the week after removal of price floor, and the KSE-100 index registered a record decline of 1,672.68 points, or 18.2 percent, to close at 7,514.42 points.

Published 22 Dec, 2008 12:00am

Cheney not sure if Osama still alive

US Vice President Dick Cheney said in an interview Sunday that he did not know if the al Qaeda terror leader Osama bin Laden was still alive. Asked if the elusive bin Laden was alive, Cheney said: "I don't know and I'm guessing he is."

Published 22 Dec, 2008 12:00am

Cheney not sure if Osama still alive

US Vice President Dick Cheney said in an interview Sunday that he did not know if the al Qaeda terror leader Osama bin Laden was still alive. Asked if the elusive bin Laden was alive, Cheney said: "I don't know and I'm guessing he is."

Published 22 Dec, 2008 12:00am

IMF chief fears deeper global slowdown in 2009

International Monetary Fund chief Dominique Strauss-Kahn said a lack of fiscal stimulus by governments to tackle the global slowdown may make a bad 2009 even worse, according to an interview released on Sunday. Strauss-Kahn told BBC radio that the IMF may

Published 22 Dec, 2008 12:00am

IMF chief fears deeper global slowdown in 2009

International Monetary Fund chief Dominique Strauss-Kahn said a lack of fiscal stimulus by governments to tackle the global slowdown may make a bad 2009 even worse, according to an interview released on Sunday. Strauss-Kahn told BBC radio that the IMF may

Published 22 Dec, 2008 12:00am

IMF chief fears deeper global slowdown in 2009

International Monetary Fund chief Dominique Strauss-Kahn said a lack of fiscal stimulus by governments to tackle the global slowdown may make a bad 2009 even worse, according to an interview released on Sunday. Strauss-Kahn told BBC radio that the IMF may

Published 22 Dec, 2008 12:00am

Worsening law and order situation: China asks contractors to keep away from Balochistan

The Chinese government has reportedly restricted its contractors from taking part in any project in Balochistan due to worsening law and order situation in the province. This has been revealed by the Allied Engineering Services (AES) Pakistan Limited, a c

Published 22 Dec, 2008 12:00am

Worsening law and order situation: China asks contractors to keep away from Balochistan

The Chinese government has reportedly restricted its contractors from taking part in any project in Balochistan due to worsening law and order situation in the province. This has been revealed by the Allied Engineering Services (AES) Pakistan Limited, a c

Published 22 Dec, 2008 12:00am

Worsening law and order situation: China asks contractors to keep away from Balochistan

The Chinese government has reportedly restricted its contractors from taking part in any project in Balochistan due to worsening law and order situation in the province. This has been revealed by the Allied Engineering Services (AES) Pakistan Limited, a c

Published 22 Dec, 2008 12:00am

Falling trend on currency market

The rupee was under pressure due to strong demand for dollars during the week ended on December 20, 2008. In the interbank market, the rupee struggled to recover its lost ground, gaining 1.20 against the dollar for buying and selling at 78.70 and 78.80.

Published 22 Dec, 2008 12:00am

Falling trend on currency market

The rupee was under pressure due to strong demand for dollars during the week ended on December 20, 2008. In the interbank market, the rupee struggled to recover its lost ground, gaining 1.20 against the dollar for buying and selling at 78.70 and 78.80.

Published 22 Dec, 2008 12:00am

Shahbaz protests irregular steps to confirm and reinstate judges

Punjab Chief Minister Shahbaz Sharif has written letters to Governor Salmaan Taseer , President Asif Ali Zardari and Prime Minister Yousuf Raza Gilani on the issue of confirmation of ad hoc judges and reinstatement of judges bypassing the Chief Minister.

Published 22 Dec, 2008 12:00am

Shahbaz protests irregular steps to confirm and reinstate judges

Punjab Chief Minister Shahbaz Sharif has written letters to Governor Salmaan Taseer , President Asif Ali Zardari and Prime Minister Yousuf Raza Gilani on the issue of confirmation of ad hoc judges and reinstatement of judges bypassing the Chief Minister.

Published 22 Dec, 2008 12:00am

US does not trust North Korea: Rice

Secretary of State Condoleezza Rice said in an interview on Sunday that the United States did not trust North Korea and as a result was pushing for strict procedures to ensure the regime abandon its nuclear weapons program.

Published 22 Dec, 2008 12:00am

US does not trust North Korea: Rice

Secretary of State Condoleezza Rice said in an interview on Sunday that the United States did not trust North Korea and as a result was pushing for strict procedures to ensure the regime abandon its nuclear weapons program.

Published 22 Dec, 2008 12:00am

US civil rights leader James Bevel dead

James Bevel, who fought for civil rights alongside Martin Luther King in the 1960s and who more recently was convicted of incest, died at his daughter's home in Virginia, The Washington Post reported Saturday. He was 72. The Reverend Bevel died Friday in

Published 22 Dec, 2008 12:00am

US civil rights leader James Bevel dead

James Bevel, who fought for civil rights alongside Martin Luther King in the 1960s and who more recently was convicted of incest, died at his daughter's home in Virginia, The Washington Post reported Saturday. He was 72. The Reverend Bevel died Friday in

Published 22 Dec, 2008 12:00am

Asylum-seekers occupy Zurich church

Over 100 asylum-seekers have occupied a church in the old town of Switzerland's financial capital Zurich to protest about delays in processing their papers, activists said on Sunday. The peaceful occupation, in the days before Christmas, was intended to p

Published 22 Dec, 2008 12:00am

Asylum-seekers occupy Zurich church

Over 100 asylum-seekers have occupied a church in the old town of Switzerland's financial capital Zurich to protest about delays in processing their papers, activists said on Sunday. The peaceful occupation, in the days before Christmas, was intended to p

Published 22 Dec, 2008 12:00am

LSE weekly review

In compliance with the directives of the Securities and Exchange Commission of Pakistan for removal of floor from December 15, the equities on the very first day started suffering massive decline on the Lahore Stock Exchange amid selling pressure. Most of

Published 22 Dec, 2008 12:00am

LSE weekly review

In compliance with the directives of the Securities and Exchange Commission of Pakistan for removal of floor from December 15, the equities on the very first day started suffering massive decline on the Lahore Stock Exchange amid selling pressure. Most of

Published 22 Dec, 2008 12:00am

Pak-Afghan track very immediate concern: Biden

US Vice President-elect Joseph Biden on Sunday said the Afghanistan-Pakistan situation 'implicates India and a whole lot of very complicated issues,' calling it as one of the immediate concerns for the Barack Obama administration.

Published 22 Dec, 2008 12:00am

Currency	Rate
USD PKR Interbank Selling / Sep 20	277.90
USD PKR Interbank Buying / Sep 20	277.70
USD to Japanese Yen / Sep 20	142.19
USD to Swiss Franc / Sep 20	0.85
Pound Sterling to USD / Sep 20	1.33
Euro to USD / Sep 20	1.12

Stock	Volume
S&P 500 / Sep 19	5,713.64
Nasdaq / Sep 19	18,013.98
FTSE 100 / Sep 19	8,328.72
Dow Jones / Sep 19	42,025.19
Germany DAX 30 / Sep 19	19,002.38
France CAC40 / Sep 19	7,615.41
India Sensex / Sep 20	83,711.40
Tokyo Nikkei / Sep 20	37,879.54

Item	Value
Gold 10 Grams PKR / Sep 19	230,195
Petrol/Litre / Sep 20	249.10
Crude Oil USD/Barrel / Sep 20	71.80
Karachi Cotton PKR/37.32 KG / Sep 20	18,935
Gold Spot USD/Ounce / Sep 20	2,599.47
Diesel/Litre / Sep 20	249.69

Stock	Price
786 Invest Ltd / Sep 20 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Sep 20 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Sep 20 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Sep 20 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Sep 20 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Sep 20 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Sep 20 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Sep 20 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Sep 20 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Sep 20 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Sep 20 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Sep 20 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Sep 20 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Sep 20 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Sep 20 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Sep 20 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Sep 20 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Sep 20 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Sep 20 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Sep 20 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Sep 20 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Sep 20 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Sep 20 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Sep 20 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Sep 20 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Sep 20 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Sep 20 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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