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Sep 19, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2009-01-03
Friday's midday trade: Wall Street starts 2009 with gains

Friday's midday trade: Wall Street starts 2009 with gains

US stocks started 2009 by extending their recent rally to a two-week high on Friday on hopes that the worst of the market rout was over, and General Motors Corp jumped 10 percent after a rescue loan from the government.
Published 03 Jan, 2009 12:00am
Britain's top share index rallies on first trading day of 2009

Britain's top share index rallies on first trading day of 2009

Britain's top share index rallied nearly 3 percent on its first trading day of 2009 and extended its winning run to four sessions on the back of commodities stocks. Defensive drugmakers fell after outperforming last year. The FTSE 100 closed up 127.62 poi
Published 03 Jan, 2009 12:00am
Ashura procession routes inspected

Ashura procession routes inspected

District officer (DO) Community Organisation and a local parliamentarian on Friday inspected the routes of the mourning processions to be taken out on the Yaum-e-Ashoor of Muharram. DO Jamil Hashmi and MNA Jamshed Dasti also visited the main Imambargahs.
Published 03 Jan, 2009 12:00am
PTA shows reservation on gas tariff hike

PTA shows reservation on gas tariff hike

Chairman Pakistan Tanners Association, Shaikh M. Afzal Hussain has resented the decision of increase in the gas tariff by 3 percent to 17 percent and said that it will push-up production cost of exporting leather industry and make it difficult to compete
Published 03 Jan, 2009 12:00am
SHC issues notices in narcotic appeals

SHC issues notices in narcotic appeals

Notices were issued to State and Special Prosecutor ANF for a date in office by an appellate bench of High Court of Sindh (SHC) comprising Justice Muhammad Ather Saeed and Justice Arshad Noor Khan in two appeals filed by same accused. The appellant Muhamm
Published 03 Jan, 2009 12:00am
Labard extends medical assistance to over 50 disabled persons

Labard extends medical assistance to over 50 disabled persons

The Lahore Businessmen Association for Rehabilitation of the Disabled (Labard) on Friday extended medical assistance to more than 50 disabled persons at a medical camp established here at its office. The medical camp where Dr Shehla Asad carried out a det
Published 03 Jan, 2009 12:00am
KBCA squad demolishes illegal constructions

KBCA squad demolishes illegal constructions

On the directive of Chief Controller of Buildings Manzoor Kadir, a KBCA demolition team pulled down illegal structure in Liaquatabad Town while the professional licences of an architect engineer and a structure engineer were suspended for one year for vio
Published 03 Jan, 2009 12:00am
Three Kashmiris martyred

Three Kashmiris martyred

Indian troops in their fresh acts of state terrorism, martyred three innocent Kashmiri youth at two different places. Personnel of 22-Rashtriya Rifles during siege and search operation destroyed a residential house of Abdul Aziz Lone at Botengo in Sopore,
Published 03 Jan, 2009 12:00am
RCB halts work in Lane-6

RCB halts work in Lane-6

Rawalpindi Cantonment Board (RCB), which started maintenance of Lane-6, Peshawar Road, has stopped the work without any justification on Friday. The RCB awarded contract for the repair of Lane-6 last month following the release of development funds for 20
Published 03 Jan, 2009 12:00am
Number of drug addicts reaches 684,000

Number of drug addicts reaches 684,000

More than 684,000 people have become addict of drugs especially heroine who are using different ways of taking narcotics in the country. According to information gathered from different sources including Anti Narcotics Force (ANF) here on Friday, out of t
Published 03 Jan, 2009 12:00am
Tanker loaded with oil hijacked from Super Highway

Tanker loaded with oil hijacked from Super Highway

A gang of armed bandits riding two cars hijacked a tanker loaded with 50,000 litres oil from Super Highway near Nooriabad in wee hours on Friday. According to Karachi Goods Carriers` Association and Malik Nazar Muhammad Awan, the owner of the tanker, the
Published 03 Jan, 2009 12:00am
Residential problem looms in Islamabad

Residential problem looms in Islamabad

During peak winter season, the people from the hilly areas are shifting towards the twin cities of Islamabad and Rawalpindi, creating accommodation problems for bachelors, students and working class. Muhammad Ali, a student living in G-10/3 flats and shar
Published 03 Jan, 2009 12:00am
Human rights body appeals for release of Iraqi journalist

Human rights body appeals for release of Iraqi journalist

The Human Rights Society of Pakistan (HRSP) has appealed for release of Iraqi journalist Muntazar Al Zaidi, who has been arrested for throwing shoes on the US President during his visit to Baghdad. Former federal law minister and Senator S M Zafar, Chairm
Published 03 Jan, 2009 12:00am
Pakistan and Iran to hold another round of talks on gas project

Pakistan and Iran to hold another round of talks on gas project

Pakistan and Iran would hold another round of dialogue with regard to proposed Iran-Pakistan-India (IPI) gas pipeline project and provision of oil on deferred payment to Pakistan, official sources in Ministry of Petroleum said here. "Talks will be held in
Published 03 Jan, 2009 12:00am
New Delhi politicising Afzal Guru's issue: APHC

New Delhi politicising Afzal Guru's issue: APHC

The Chairman of All Parties Hurriyet Conference, Mirwaiz Umar Farooq in occupied Kashmir has said that New Delhi is politicising the issue of Afzal Guru. Mirwaiz Umar Farooq in a statement issued in Srinagar, said that the Indian leadership wanted to appe
Published 03 Jan, 2009 12:00am
LPG pricing controversy

LPG pricing controversy

We refer to your editorial, "LPG pricing controversy," published on January 1, 2009. The LPG Association of Pakistan (LPGAP), a grouping of licensed LPG marketing companies, strongly supports your editorial position that all stakeholders, including the re
Published 03 Jan, 2009 12:00am
Berlin's refugee camp closes after 55 years

Berlin's refugee camp closes after 55 years

For many, it was a first stopping-off point: a place where refugees could prepare for a new life in the West after turning their backs on Communist Eastern Europe during the Cold War. The Marienfelde Refugee Centre in south-east Berlin, which served as a
Published 03 Jan, 2009 12:00am
Iran looms huge for Obama amidst tension with Berlin

Iran looms huge for Obama amidst tension with Berlin

US election euphoria, the financial crisis and the Middle East crisis have upstaged the issue of Iran's nuclear activities which are viewed as a growing threat in 2009 to world security. Concern about the threat prompted a coalition of top think tanks - t
Published 03 Jan, 2009 12:00am
Overview of Industrial Relations Act 2008 - II

Overview of Industrial Relations Act 2008 - II

Section 23 of the Act deals with registration of federation of trade union. Any two or more registered trade unions may, if their respective general bodies so resolved, can constitute federation by executing instrument of federation and apply for registra
Published 03 Jan, 2009 12:00am
Power protests

Power protests

Public anger over power outages that have gotten worse during the last three weeks boiled over onto the streets of various cities of Punjab on Thursday. Protesters in Faisalabad vented their fury by erecting barricades, burning tyres, and damaging dozens
Published 03 Jan, 2009 12:00am
Tarin must also focus on microeconomic policy

Tarin must also focus on microeconomic policy

The Advisor to the Prime Minister on Finance, Shaukat Tarin, has revealed that the government expects one billion dollars within the month - half a billion dollars from China by the 4th or 5th of January and another half a billion dollars from the World B
Published 03 Jan, 2009 12:00am
CNG dealers threaten to shut down pumps

CNG dealers threaten to shut down pumps

The CNG Dealers Association (CNGDA) has threatened to shut down all CNG pumps, if the government did not withdraw the recent increase in gas prices within 10 days. This was stated by Abdul Sami Khan, President of CNGDA at a press conference at Karachi Pre
Published 03 Jan, 2009 12:00am
LHC refuses to hand over custody of children to mother

LHC refuses to hand over custody of children to mother

The Lahore High Court (LHC) here on Friday refused to hand over the custody of four children to their mother as she refused to inform the court about her stay after leaving her husband. Shahida of Gujranwala, had sought court directions for recovery of he
Published 03 Jan, 2009 12:00am
ICCI protests against hike in gas tariff

ICCI protests against hike in gas tariff

Mian Shaukat Masud, president, Shabab Khalid and Muhammad Ishtiaq Qureshi, vice presidents and other office bearers of Islamabad Chamber of Commerce and Industry (ICCI) have strongly protested against average hike of 7.5 percent in gas tariff and termed i
Published 03 Jan, 2009 12:00am
Pakistan explores new seafood markets

Pakistan explores new seafood markets

After failing to mend fences with EU, Pakistan has now explored new substantial markets - Egypt, Lebanon, South Africa and Turkey, for seafood export. As a result, exports rose by over 16 percent during July-November period of the current fiscal year, as
Published 03 Jan, 2009 12:00am
Gas utilisation: textile, power sectors and CNG stations at loggerheads

Gas utilisation: textile, power sectors and CNG stations at loggerheads

Pakistan economy is proving a house of cards in the face of worsening gas scarcity, putting the textile sector, power sector and the CNG stations at loggerheads over utilisation of available quantity of gas while leaving the economic managers in a difficu
Published 03 Jan, 2009 12:00am
McDonald's lunch for Al Mashal kids

McDonald's lunch for Al Mashal kids

Children of Al Mashal Welfare Foundation were invited to a hearty lunch at McDonald's Fortress Lahore Restaurant on 19 December, 2008. The kids were really happy to visit McDonald's and enjoy a lunch there. The lunch was held under McDonald's School Suppo
Published 03 Jan, 2009 12:00am
'Government keen to develop agriculture sector'

'Government keen to develop agriculture sector'

Federal Minister for Agriculture, Food and Livestock, Nazar Muhammad Gondal visited the Agribusiness Support Fund (ASF) and Pakistan Horticulture Development and Export Board (PHDEB) offices here on Friday. Speaking on this occasion, he said that the gove
Published 03 Jan, 2009 12:00am
UN urged to play neutral role for peace in world

UN urged to play neutral role for peace in world

Naib Ameeer Jamat-e-Islami (JI) Liaquat Baloch on Friday urged United Nation to play neutral role for establishment of peace in the world. Addressing a rally taken out on The Mall Road to protest the Israeli terrorism against the innocent Palestinians, Ba
Published 03 Jan, 2009 12:00am
PPA demands GST, WHT exemption on electricity

PPA demands GST, WHT exemption on electricity

Pakistan Poultry Association (PPA) has urged the government to exempt the poultry producing units from the General Sales Tax (GST) and withholding tax levied on the electric supply to these units. A PPA (Northern Zone) delegation led by its Chairman Khale
Published 03 Jan, 2009 12:00am
Human rights cases: Chief Justice takes suo motu notices

Human rights cases: Chief Justice takes suo motu notices

Chief Justice Abdul Hameed Dogar on Friday took two suo motu notices in different human rights cases on press reports pertaining to the incidents. The CJ took suo motu notice on news item regarding rape of Rehana Bibi by two police officers namely Abdul Q
Published 03 Jan, 2009 12:00am
Industrialists withdraw call for shutter down strike

Industrialists withdraw call for shutter down strike

The industrialists of the provincial capital on Friday withdraw their call for observing a two-day shutter down strike against the growing incidents of kidnapping for ransom and load shedding of electricity and natural gas for the commercial consumers in
Published 03 Jan, 2009 12:00am
Piaf plans all Pakistan trade bodies conference

Piaf plans all Pakistan trade bodies conference

Pakistan Industrial and Traders Associations Front (Piaf) has urged government to save millions of industrial workers from losing their jobs as non-availability of gas and acute shortage of power is causing closure of a large number of industrial units.
Published 03 Jan, 2009 12:00am
Fee submission date

Fee submission date

Professor Dr Syed Afrozuddin Ahmed, Chairman, Department of Statistics, University of Karachi, said on Friday that the fee submission date of admission in Postgraduate Diploma (PGD) 2009 will be up to January 10.
Published 03 Jan, 2009 12:00am
Status of Jinnah University for Women upgraded

Status of Jinnah University for Women upgraded

The Higher Education Commission (HEC) has upgraded the status of the Jinnah University for Women (JUW) Karachi. This was stated by JUW Vice Chancellor Professor Dr Riaz Ahmed Hashmi, while addressing the students on the occasion of the orientation day of
Published 03 Jan, 2009 12:00am
PTA elects office bearers

PTA elects office bearers

Pakistan Tea Association (PTA) election 2008-09 was held recently. The following office bearers were elected for Executive Committee and Regional Committee for the year 2008-09. Executive Committee: M Hanif Janoo (Chairman), Salim Bantva, M Altaf, Aslam A
Published 03 Jan, 2009 12:00am
Special secretary finance NWFP retires

Special secretary finance NWFP retires

Special Secretary Finance NWFP Zainullah Khan retired on Friday from government service. In this connection, the officers of the department of finance held a farewell function. NWFP Minister for Finance Muhammad Hamayun Khan also attended the function.
Published 03 Jan, 2009 12:00am
Kundi chairs meeting on law order in DI Khan

Kundi chairs meeting on law order in DI Khan

A high level meeting regarding the maintenance of law and order during Muharram in DI Khan was held at commissioner office DI Khan with Deputy Speaker National Assembly Faisal Karim Kundi in the chair. Commissioner DI Khan Muhammad Humayun Khan, DIG Dr Is
Published 03 Jan, 2009 12:00am
Peace in Pakistan depends on normalcy in Kabul: governor

Peace in Pakistan depends on normalcy in Kabul: governor

The NWFP Governor Owais Ahmed Ghani on Friday apprised the visiting Japanese Senator Tadashi Inuzuka about the geo-political situation in the region in the backdrop of insurgency in the neighboring country Afghanistan. Tadashi Inuzuka is the member of Sen
Published 03 Jan, 2009 12:00am
Importers charged in tax evasion

Importers charged in tax evasion

The Regional Tax Office (RTO), Karachi has detected number of tax evasion cases worth Rs 115.121 million during October 2008 to December 2008. Importers M/s Filters Pakistan (Pvt) Ltd, Karachi, M/s Paramount International (Pvt) Ltd, Karachi and M/s Orient
Published 03 Jan, 2009 12:00am
Journalist Panel congratulated

Journalist Panel congratulated

The Federal Secretary for Information and Broadcasting Ashfaq Ahmed Gondal has congratulated the Journalist Panel led by Tariq Chaudhry over winning the National Press Club (NPC) Annual Elections for 2009. The Secretary assures the newly elected Journalis
Published 03 Jan, 2009 12:00am
Senate panel condemns Israeli aggression

Senate panel condemns Israeli aggression

Senate Foreign Relations Committee on Friday adopted a resolution condemning the Israeli aggression against Palestinians and urged the Muslim countries to immediately convene OIC summit to discuss recent attacks. The committee, which met here with Senator
Published 03 Jan, 2009 12:00am
Officials asked to issue arm licenses after thorough verification

Officials asked to issue arm licenses after thorough verification

Advisor to Prime Minister on Interior Rehman Malik has directed concerned officials of Interior Ministry to issue new arm licenses only after due verification of the applicants from Nadra and other relevant organisations. There are complaints that arm lic
Published 03 Jan, 2009 12:00am
One dead, five injured while digging well

One dead, five injured while digging well

Five labourers were rescued whereas one died after they were buried under the soil while digging a well here on Friday. As per details, 6 labourers were digging a well on Vehari Road near Pul Chatta. They got buried due to falling of soil.
Published 03 Jan, 2009 12:00am
Load shedding duration reduced in Sialkot

Load shedding duration reduced in Sialkot

The Chief Executive of electric power company (Gepco) Rana Muhammad Ashraf Zahid has said that duration of electricity load shedding has been reduced to nine from ten hours daily to facilitate industrial sector of Sialkot and there would be no unscheduled
Published 03 Jan, 2009 12:00am
Earthquake-hit zone: 617 high power transformers handed over to AJK

Earthquake-hit zone: 617 high power transformers handed over to AJK

A sum of Rs 110 million 617 high power transformers imported from China, were handed over to AJK Electricity Department for installation in earthquake-hit zone in AJK under the ongoing reconstruction and rehabilitation program in the affected areas.
Published 03 Jan, 2009 12:00am
Zardari, Raisani discuss Balochistan projects

Zardari, Raisani discuss Balochistan projects

Balochistan Chief Minister Nawab Muhammad Aslam Raisani on Friday called on President Asif Ali Zardari here and discussed with him the development activities in the province. The Chief Minister briefed the President about socio-political and economic situ
Published 03 Jan, 2009 12:00am
PKB urges government to facilitate cotton growers

PKB urges government to facilitate cotton growers

Pakistan Kissan Board (PKB) Punjab president Khurshid Kanju has urged upon the government to implement the recommendations of National Assembly's Standing Committee on Textile Industry to facilitate the cotton growers by giving them incentives for sowing
Published 03 Jan, 2009 12:00am
Separate tariff for CNG demanded

Separate tariff for CNG demanded

The CNG Stations Owners Association of Pakistan (CSOAP), Multan chapter, has demanded of the government to introduce a separate tariff for the compressed natural gas (CNG) to protect the investment of billions of rupees by CNG station owners. It urged the
Published 03 Jan, 2009 12:00am
Isolated thunderstorm expected during next 24 hours

Isolated thunderstorm expected during next 24 hours

The met office has forecast isolated rain, thunderstorm and snowfall over the hilltops in upper NWFP during next 24 hours. According to the Provincial met office, the weather would remain partly cloudy in most parts of NWFP with chances of rain in Peshawa
Published 03 Jan, 2009 12:00am
Aptpma chief demands remedial measures for textile sector

Aptpma chief demands remedial measures for textile sector

The current textile policy of the government is not understandable, because instead of giving any relief to the affected textile sector, it has further aggravated the gas and electricity crisis, and if immediate remedial measure are not adopted forthwith,
Published 03 Jan, 2009 12:00am
Steps taken to ensure full security during Ashura

Steps taken to ensure full security during Ashura

All steps have been taken to ensure complete security to the mourning processions and majalis during Ashura-e-Muharram, said DPO Muhammad Kamran Khan on Friday. He said that adequate strength of police personnel in uniform and plainclothes has been deploy
Published 03 Jan, 2009 12:00am
Six flights of returning Hajis delayed

Six flights of returning Hajis delayed

Six flights of returning Hajis awaited at Multan Airport have been delayed, while 21 such flights have so far brought home, 2,100 Hajis belonging to the South Punjab region. Deputy Director Haj, Haji Noor Muhammad Soomro, told newsmen that three flights h
Published 03 Jan, 2009 12:00am
DBA condemns Israeli attack, slams UN role

DBA condemns Israeli attack, slams UN role

District Bar Association (DBA) here on Friday condemned the ongoing naked aggression by Israel against innocent Palestinians. A meeting chaired by DBA President Zubaidus Salam Sherwani passed a resolution condemning the genocide of the Palestinians. The B
Published 03 Jan, 2009 12:00am
Fog will have positive impact on wheat crop

Fog will have positive impact on wheat crop

The current foggy weather would have a positive impact on the wheat crops, agriculturists told here on Friday. They said that the fog would not only have a positive impact on the wheat crop but it would also help in getting better yield. However, they fea
Published 03 Jan, 2009 12:00am
LeT rejects 'confession' in Mumbai probe

LeT rejects 'confession' in Mumbai probe

Banned Lashkar-e-Taiba (LeT) blamed for the Mumbai attacks rejected Friday a report that one of its leaders had acknowledged the group's involvement. The Wall Street Journal, citing unnamed officials, reported Wednesday that Pakistani authorities had obta
Published 03 Jan, 2009 12:00am
Load shedding adversely affecting investment: Nasreen

Load shedding adversely affecting investment: Nasreen

Acting City Nazim Nasreen Jalil on Friday said that Nazim Karachi Syed Mustafa Kamal had worked day and night to create better and conducive environment for investment opportunities in Karachi but the continuous load shedding of electricity and gas was ad
Published 03 Jan, 2009 12:00am
Bishop Michael calls on Qureshi

Bishop Michael calls on Qureshi

Lord Bishop Michael Nazir Ali called on the Foreign Minister Shah Mehmood Qureshi on Friday. They discussed relations between Pakistan and the United Kingdom and the regional situation. The Foreign Minister appreciated the contribution of the Christian co
Published 03 Jan, 2009 12:00am
Progress on BBSYDP reviewed

Progress on BBSYDP reviewed

The DCO Hyderabad Aftab Ahmed Khatri has said that as many as 576 youths were getting training in different trades at different institutions in Hyderabad district, while the number of these trainees would be raised upto 1,072 candidates by inducting more
Published 03 Jan, 2009 12:00am
Come prepared to the meeting, officials told

Come prepared to the meeting, officials told

A meeting of Sindh government secretaries to review the performance of various departments on January 1, but it was called off at the eleventh hour, as no department had prepared a progress report about the project to be discussed at the meeting, sources
Published 03 Jan, 2009 12:00am
Quetta-Zahidan track project delayed due to cash crunch

Quetta-Zahidan track project delayed due to cash crunch

Due to acute financial crisis, Pakistan Railways is delaying the project for laying Quetta-Zahidan track, while Iran has completed its part of the project and successfully laid the track upto Taftan. Both countries had recently decided that funds for this
Published 03 Jan, 2009 12:00am
Federal government warned against destabilising Punjab government

Federal government warned against destabilising Punjab government

Awami National Party (ANP), a ruling coalition partner, has warned the central government that any adventurism to destabilise the PML (N)-led government in Punjab would be a serious blow for the present political system, which is yet to take root.
Published 03 Jan, 2009 12:00am
Chinese delegation calls on Zardari

Chinese delegation calls on Zardari

A delegation of China Water and Power called on President Asif Ali Zardari at Presidency here on Friday. Federal Minister for Water and Power Raja Pervaiz Ashraf was also present in the meeting.
Published 03 Jan, 2009 12:00am
'Pakistan pursuing agenda of counter extremism'

'Pakistan pursuing agenda of counter extremism'

Federal Information and Broadcasting Minister Sherry Rehman has said that Pakistan is aggressively pursuing its own counter-extremism agenda while extending co-operation to the international community for collaborative efforts against terrorism.
Published 03 Jan, 2009 12:00am
Review sought to end misuse of ATTA

Review sought to end misuse of ATTA

President Karachi Chamber of Commerce and Industry (KCCI) Anjum Nisar has urged the government to review Afghanistan Transit Trade Agreement (ATTA). The chamber suggested the government to examine global agreements with the land locked countries including
Published 03 Jan, 2009 12:00am
Lord Nazir meets President

Lord Nazir meets President

Lord Nazir Ahmed met the President Asif Ali Zardari at Aiwan-e-Sadr Islamabad. He informed the President about the shifting of Mohtarma Shaheed Benazir Medical College from Kotli to Mirpur Azad Kashmir on the demand of masses. President Asif Ali Zardari a
Published 03 Jan, 2009 12:00am
200 megawatts rental power project to be set up in Balochistan: minister

200 megawatts rental power project to be set up in Balochistan: minister

Federal Minister for Water and Power, Raja Pervez Ashraf has said that federal government is taking all possible steps to provide basic amenities to the people and development of Balochistan. He said this while talking to Chief Minister of Balochistan, Na
Published 03 Jan, 2009 12:00am
Second Green Media Awards ceremony held

Second Green Media Awards ceremony held

The Second Green Media Awards ceremony was held at a local hotel on Friday evening. According to organisers of the event, the awards have been instituted by Tetra Pak Pakistan to recognise the role the media has played in highlighting environment related
Published 03 Jan, 2009 12:00am
Maintenance of credible deterrence guarantees peace: Navy chief

Maintenance of credible deterrence guarantees peace: Navy chief

The current security environment in the region has posed new challenges for Pakistan Navy. Notwithstanding, Pakistan government's unprecedented peace initiative with India, coupled with confidence building measures, we cannot afford to be complacent and m
Published 03 Jan, 2009 12:00am
Six persons held for cutting road illegally

Six persons held for cutting road illegally

The city government personnel, during patrolling at under-passes, flyovers and important roads, arrested six persons while illegally cutting a road in Shanti Nagar, Gulshan-e-Iqbal. Those arrested were Mohammed Shafiq, Syed Buhadar, Abdul Karim, Mohammed
Published 03 Jan, 2009 12:00am
University of Sindh notifies admission list

University of Sindh notifies admission list

The Director Admissions University of Sindh has notified 3rd final merit list of successful candidates for admissions to different disciplines in Bachelors Degree Programme for session 2009.
Published 03 Jan, 2009 12:00am
LCCI for withdrawal of gas tariff hike

LCCI for withdrawal of gas tariff hike

President Lasbela Chamber of Commerce & Industry (LCCI) Dr Muhammad Aslam while commenting on the increase of gas tariff has urged the government to immediately withdraw this unilateral increase in gas tariff particularly for the industrial consumers in o
Published 03 Jan, 2009 12:00am
FPI outflow of $37.872 million witnessed

FPI outflow of $37.872 million witnessed

A fresh outflow of 37.872 million dollars of foreign portfolio investment (FPI) from the country's equity market was witnessed during the outgoing week ended January 02, 2009. According to the National Clearing Company of Pakistan Limited (NCCPL) data, a
Published 03 Jan, 2009 12:00am
Minister, PQA chief clash over new appointments

Minister, PQA chief clash over new appointments

State minister for Ports and Shipping and Port Qasim Authority (PQA) Chairman are said to be at loggerheads over the employment of around 100 people in PQA through what sources said improper channel. According to sources, Prime Minister Task Force (PMTF)
Published 03 Jan, 2009 12:00am
CDA launches crackdown on building regulation violators

CDA launches crackdown on building regulation violators

Capital Development Authority (CDA) has launched a crack down against violators of building control regulations in Islamabad Capital Territory (ICT), Chairman CDA Tariq Mehmood Khan said on Friday. Talking to a TV channel he said, around 800 complaints ha
Published 03 Jan, 2009 12:00am
Training of new rescuers to start on January 5

Training of new rescuers to start on January 5

The Punjab Emergency Service (Rescue 1122) will start training of new staff recruited for Lahore, Rawalpindi, Faisalabad, Multan, Rahim Yar Khan, Gujranwala, Bahawalpur, Sargodha, Sialkot, D.G. Khan, Sahiwal and Murree.
Published 03 Jan, 2009 12:00am
The Weather

The Weather

The weather report on Friday (January 02, 2009) and the forecast for Saturday (January 03, 2009).

Published 03 Jan, 2009 12:00am
'Government should leave policy of divide and rule'

'Government should leave policy of divide and rule'

Ameer Sunni Ulema Council Allama Nazakat Hussain Golarvi has said that rulers should leave the policy of divide and rule and concentrate on enacting legislation for the welfare of the people. He also said the rise of sectarianism is due to the internation
Published 03 Jan, 2009 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 Jan, 2009 12:00am
Shujaat says PML-Q to keep its identity intact

Shujaat says PML-Q to keep its identity intact

President Pakistan Muslim League-Q (PML-Q) President Chaudhry Shujaat Hussain has said that PML-Q would keep its identity intact and continue to sit on the opposition benches in parliament. Talking to newsmen after party meeting here on Friday, he said PM
Published 03 Jan, 2009 12:00am
SPI inflation surges by 21.08 percent

SPI inflation surges by 21.08 percent

The SPI inflation surged by 21.08 percent on week ending on January 1 over the same period of last year, but it has declined by 0.58 percent during the week, according to statistics released by the Federal Bureau of Statistics (FBS) here on Friday.
Published 03 Jan, 2009 12:00am
Saleem Raza felicitated

Saleem Raza felicitated

The Korean Company, Hyundai Information Technology, has congratulated Syed Saleem Raza on his appointment as Governor State Bank of Pakistan.
Published 03 Jan, 2009 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 03 Jan, 2009 12:00am
Sheikh Rashid calls on Zardari

Sheikh Rashid calls on Zardari

Awami Muslim League (AML) Chief Sheikh Rashid Ahmad held a luncheon meeting with President Asif Ali Zardari here on Friday. The President discussed the political situation with him and said that the PPP was keen to take along all political forces of the c
Published 03 Jan, 2009 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 03 Jan, 2009 12:00am
Team apprises CDA chief of problems in ISE Tower vicinity

Team apprises CDA chief of problems in ISE Tower vicinity

A delegation of Islamabad Stock Exchange (ISE) led by its Chairman Sheikh Muhammad Shabbir called on Tariq Mahmood Khan, Chairman CDA here on Friday. Member Planning and Design Syed Tanvir Bukhari, Senior Director Public Relations Rawal Khan Maitla and of
Published 03 Jan, 2009 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (January 02, 2009).

Published 03 Jan, 2009 12:00am
Sindh government taking steps to implement uplift plans

Sindh government taking steps to implement uplift plans

The provincial government has taken several measures to improve the implementation of various development programmes in the economic sector. In this connection officers are being appointed for monitoring the progress of the different development projects
Published 03 Jan, 2009 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (January 02, 2009).

Published 03 Jan, 2009 12:00am
Government criticised for showing indifference to Palestine issue

Government criticised for showing indifference to Palestine issue

Pakistan Muslim League-Nawaz Senior Vice President Makhdoom Javed Hashmi, MNA has criticised the PPP government for showing indifference to the Palestine issue and demanded that it should play a role in convening a foreign minister's conference of the Org
Published 03 Jan, 2009 12:00am
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