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Print - 2009-01-07
European credit spreads tighten

European credit spreads tighten

European credit derivative indexes tightened relatively sharply on Tuesday, as an upswing in equity markets and falling volatility helped reverse Monday's widening. By 1600 GMT, the investment-grade Markit iTraxx Europe index was at 166.75 basis points, a
Published 07 Jan, 2009 12:00am
European credit spreads tighten

European credit spreads tighten

European credit derivative indexes tightened relatively sharply on Tuesday, as an upswing in equity markets and falling volatility helped reverse Monday's widening. By 1600 GMT, the investment-grade Markit iTraxx Europe index was at 166.75 basis points, a
Published 07 Jan, 2009 12:00am
Indian shares gain

Indian shares gain

Indian shares closed 0.59 percent up on Tuesday on select buying after the government announced a fresh economic stimulus package last week, dealers said. The benchmark 30-share Sensex index rose 60.33 points to 10,335.93, its fourth straight day of gains
Published 07 Jan, 2009 12:00am
China stocks continue rally

China stocks continue rally

China's stock market continued rising on Tuesday as coal shares surged, banks were supported by a solid earnings estimate from Pudong Development Bank, and leading property developer Vanke gained on December sales data.
Published 07 Jan, 2009 12:00am
FTSE remains higher

FTSE remains higher

Britain's leading share index rose for the sixth session in a row on Tuesday, with mining stocks leading the way on firmer metal prices while drugmakers also gained after recent weakness. Heavyweight miners contributed the most points to the FTSE 100 as c
Published 07 Jan, 2009 12:00am
Tuesday's afternoon trade: technology lifts US indices higher

Tuesday's afternoon trade: technology lifts US indices higher

Gains in the tech sector lifted US stocks on Tuesday, offsetting another batch of weak data showing slumping factory orders and dismal pending home sales. Investors shrugged off the disappointing data as they looked ahead to President-elect Barack Obama's
Published 07 Jan, 2009 12:00am
New York cotton stays strong

New York cotton stays strong

Prices of US cotton and frozen concentrated orange juice futures stayed strong on midday trade on Tuesday. March cotton jumps to 49.69 cents per lb, up 1.38 cent, by 12:24 pm EST. (1724 GMT). Range up to 50.20 cents, its loftiest level since November 5, f
Published 07 Jan, 2009 12:00am
Copper leaps over seven percent

Copper leaps over seven percent

Copper jumped more than 7 percent on Tuesday on buying ahead of an annual re-rating by major commodity indices, but the rally was expected to be short-lived as demand concerns remain. The Dow Jones AIG recalculates the weightings for the individual commod
Published 07 Jan, 2009 12:00am
Profit-taking, dismal economic data push oil below $49

Profit-taking, dismal economic data push oil below $49

Oil prices were nearly unchanged on Tuesday, hovering around $49 a barrel as the market weighed weak US economic data against rising geopolitical tensions and Opec production cuts that threaten to tighten supplies. US crude for February delivery was up 12
Published 07 Jan, 2009 12:00am
London coffee surges

London coffee surges

Arabica and robusta coffee futures surged on fund buying on Tuesday, while sugar rose in sympathy with oil and cocoa edged down on hedge selling, dealers said. Arabica coffee futures trading on ICE jumped 6.8 percent to a five-week high on heavy fund buyi
Published 07 Jan, 2009 12:00am
Gold weakens in Europe

Gold weakens in Europe

Gold fell more than 2 percent on Tuesday as a stronger dollar dented the precious metal's appeal as a currency hedge, but the platinum group metals rallied as investors hunted for bargains. Spot gold was quoted at $846.50/848.10 an ounce at 1444 GMT, down
Published 07 Jan, 2009 12:00am
US MIDDAY: coffee soars

US MIDDAY: coffee soars

Arabica coffee futures rallied nearly 7 percent to a five-week high in early trade Tuesday on fund buying uncontested by origin selling, while US cocoa slumped as the pound weakened against the dollar, traders said. Arabica coffee for March delivery jumpe
Published 07 Jan, 2009 12:00am
US MIDDAY: sugar jumps

US MIDDAY: sugar jumps

Raw sugar futures on ICE Futures US at 1346 GMT. March raw sugar contract surged 0.42 cent or 3.6 percent to 12.24 cents per lb. Trading from 11.95 to 12.28 cents. Volume at 16,112 lots. Market rallied on follow-through buying from the post-settlement ses
Published 07 Jan, 2009 12:00am
US MIDDAY: wheat, corn rise

US MIDDAY: wheat, corn rise

Chicago Board of Trade wheat and corn were higher early Tuesday amid technical buying, following the strength in soybeans, traders said. March wheat was up 14-1/4 cents at $6.31 a bushel by 9:51 am CST. March corn was up 6-1/4 at $4.17-1/2.
Published 07 Jan, 2009 12:00am
US MIDDAY: soyabeans up

US MIDDAY: soyabeans up

Chicago Board of Trade soybeans were strong midday Tuesday, led by the January contract which was up at least 30 cents at $10.13-3/4 a bushel. The market was technically strong with January touching a $10.16 high, nearing its 100-day moving average of $10
Published 07 Jan, 2009 12:00am
US MIDDAY: copper climbs

US MIDDAY: copper climbs

US copper futures climbed back above the $1.50 a lb level early Tuesday as the new year buying momentum gathered pace ahead of an annual commodity index re-weighting. Copper for March delivery rose 6.35 cents, or 4.3 percent, to $1.5225 per lb by 10:30 am
Published 07 Jan, 2009 12:00am
US MIDDAY: gold hits two-week low

US MIDDAY: gold hits two-week low

US gold futures dropped to a two-week low Tuesday, extending the previous session's decline as a sharp dollar rally and optimism toward the economy dented bullion's appeal as an alternative investment. Gold for February delivery dropped $10.90, or 1.3 per
Published 07 Jan, 2009 12:00am
AKU-IED announces admission for M Ed programme

AKU-IED announces admission for M Ed programme

Aga Khan University's Institute of Education Development (AKU-IED) here on Tuesday invited applications for Master of Education (M.Ed) programme for academic year beginning from October 2009.
Published 07 Jan, 2009 12:00am
IBM expands KidSmart Early Learning Programme

IBM expands KidSmart Early Learning Programme

The IBM Pakistan has expanded its 'Kidsmart Early learning Programme.' An announcement to this effect was made in a statement of the organisation here on Tuesday. It said this was IBM's third successful year in rolling out their world-wide KidSmart progra
Published 07 Jan, 2009 12:00am
Legislation to protect investment, trade accords assured

Legislation to protect investment, trade accords assured

Federal Minister for Investment Senator Waqar Ahmad Khan has said the government will not only give full protection to the investments, bilateral trade agreements and projects through legislation for the next 10 years, but will also implement them in lett
Published 07 Jan, 2009 12:00am
Faran Sugar posts Rs 71.711 million profit

Faran Sugar posts Rs 71.711 million profit

Faran Sugar Mills Ltd has posted a profit after tax of Rs 71.711 million for the financial year 2008 but declared no dividend. According to financial results of the company despatched to Karachi Stock Exchange here on Tuesday, the gross profit was estimat
Published 07 Jan, 2009 12:00am
Faran Sugar posts Rs 71.711 million profit

Faran Sugar posts Rs 71.711 million profit

Faran Sugar Mills Ltd has posted a profit after tax of Rs 71.711 million for the financial year 2008 but declared no dividend. According to financial results of the company despatched to Karachi Stock Exchange here on Tuesday, the gross profit was estimat
Published 07 Jan, 2009 12:00am
Homage paid to martyrs of Karbala

Homage paid to martyrs of Karbala

President Azadari Council, Jampur city urged Muslims to follow the path of Hazrat Imam Hussain (AS) who rendered supreme sacrifices for Islam and the Ummah. Council Chief Shamim Haider Khan, Alamdar Hussain, Allama Muhammad Ibrahim, Qari Muhammad Shafi an
Published 07 Jan, 2009 12:00am
Cell for missing persons set up at Rescue-15

Cell for missing persons set up at Rescue-15

Following the directions of Inspector General of Police (IGP) Islamabad, Senior Superintendent of Police (Operations) Ahmed Latif has directed to establish a cell at Rescue-15 for information regarding missing persons. The cell will work under the supervi
Published 07 Jan, 2009 12:00am
Five die of severe cold in occupied Jammu

Five die of severe cold in occupied Jammu

In occupied Kashmir, five persons have died due to cold in Jammu region as the temperature continues to drop. Three unidentified persons died of severe cold in Doda city and its outskirts, one each died in Kishtwar and R S Pura, KMS reported. Dense fog an
Published 07 Jan, 2009 12:00am
30 cops among 42 booked for trespassing

30 cops among 42 booked for trespassing

On the orders of IG Police Punjab, city police here have registered a case against 42 persons including 30 policemen for breaking into the house of an MPA, harassing the family and vandalising property. The cops, reportedly working on a case and tracing a
Published 07 Jan, 2009 12:00am
Qadri calls on Shahbaz

Qadri calls on Shahbaz

The Federal Minister for Zakat and Ushr, Noor -ul-Haq Qadri called on Punjab Chief Minister Mian Muhammad Shahbaz Sharif at Chief Minister Secretariat on Tuesday. Development projects in Punjab were discussed in detail, during the meeting.
Published 07 Jan, 2009 12:00am
Rich tributes paid to Sopore martyrs

Rich tributes paid to Sopore martyrs

Hurriyet leaders in occupied Kashmir, have paid glowing tributes to the martyrs who fell to the bullets of Indian Border Security Force (BSF) personnel in Sopore on January 6, 1993.
Published 07 Jan, 2009 12:00am
PIC emergency to remain open during Ashura holidays

PIC emergency to remain open during Ashura holidays

The emergency ward of Punjab Institute of Cardiology (PIC) will remain open 24 hours during Ashura Muharram holidays. The management of the PIC announced here on Tuesday that doctors, nurses and other paramedical staff would be on duty for indoor patients
Published 07 Jan, 2009 12:00am
Special squads to raid flourmills

Special squads to raid flourmills

Punjab Food Department has constituted three special squads headed by the Deputy Director Food Muhammad Hussein Khokhar to make surprise raids on the flourmills and inspect quality of the commodity and taking action in case any sample is found sub-standar
Published 07 Jan, 2009 12:00am
Students directed to attend classes regularly

Students directed to attend classes regularly

With the commencement of the new session for the academic year 2009 at Karachi University, the new entrants have been directed to attend their classes regularly. The University authorities have made it clear that at least 75 percent of attendance must be
Published 07 Jan, 2009 12:00am
Faisalabad, Lahore: SNGPL advised to supply 20mmcfd gas to textile units

Faisalabad, Lahore: SNGPL advised to supply 20mmcfd gas to textile units

The textile ministry has advised the Sui Northern Gas Company Ltd (SNGPL) to supply 20 mmcfd gas each to export-oriented textile units in Faisalabad and Lahore immediately to ensure smooth functioning of the sector. The textile ministry had convened an em
Published 07 Jan, 2009 12:00am
LHC to hear petition as objection case on January 13

LHC to hear petition as objection case on January 13

The Lahore High Court (LHC) will hear a petition as objection case requesting the court to restrain the government from issuing a coin with image of former prime minister Benazir Bhutto on January 13. The office earlier had returned the petition to the pe
Published 07 Jan, 2009 12:00am
Mumtaz plea to quash FIR: SHC adjourns hearing on AG's request

Mumtaz plea to quash FIR: SHC adjourns hearing on AG's request

A division bench of High Court of Sindh (SHC) comprising Justice Gulzar Ahmed and Justice Syed Pir Ali Shah on Tuesday adjourned hearing of a criminal miscellaneous application filed by Amir Bux Bhutto challenging FIR against his father and SNF chief Mumt
Published 07 Jan, 2009 12:00am
Ajmal's custody to police extended

Ajmal's custody to police extended

The lone surviving gunman from the deadly attacks on Mumbai was Tuesday remanded in custody for a further two weeks, a senior police official told AFP. A judge granted a request to hold Mohammed Ajmal Amir Iman for questioning during a brief hearing in th
Published 07 Jan, 2009 12:00am
JUI-F seeks Balochistan governorship

JUI-F seeks Balochistan governorship

Jamiat-ul-Ulema Islam (JUI-F) has sought the appointment of JUI-F nominee as Balochistan governor and this is being used as a bargaining chip to facilitate the PPP in accommodating the MQM in federal cabinet. Sources told Business Recorder here on
Published 07 Jan, 2009 12:00am
Conferring award on Boucher termed shameless act

Conferring award on Boucher termed shameless act

Naib Ameer Jamat-e-Islami Pakistan Liaquat Baloch has said that conferring Hilal-e-Quaid-i-Azam award on US Assistant Secretary of State Richard Boucher was a shameless act when the American planes were attacking the tribal areas of Pakistan killing innoc
Published 07 Jan, 2009 12:00am
Suggestion to declare Karachi, Bandar Abbas twin cities

Suggestion to declare Karachi, Bandar Abbas twin cities

There is a suggestion to declare Karachi and Bandar Abbas twin cities due to the similarity of situation. This was stated by the Consul General of Iran in Karachi, Masood Muhammad Zamani, when he called on Sindh Education Minister, Pir Mazharul Haq, here
Published 07 Jan, 2009 12:00am
ACCA, Smeda hold workshop on bookkeeping in Gwadar

ACCA, Smeda hold workshop on bookkeeping in Gwadar

Association of Certified Chartered Accountant (ACCA) and Small and Medium Enterprises Development Authority (Smeda) jointly organised a workshop on bookkeeping in Gwadar on January 3.
Published 07 Jan, 2009 12:00am
50 more firms select Oracle to streamline their businesses

50 more firms select Oracle to streamline their businesses

Organisations across key industries in Pakistan and Asia Pacific & Japan region continue to adopt or expand implementations of Oracle Database, Oracle Fusion Middleware, Oracle Enterprise Performance Management, Oracle Business Intelligence, and Oracle Ap
Published 07 Jan, 2009 12:00am
Khar demands formation of national government

Khar demands formation of national government

Former governor Punjab Ghulam Mustafa Khar on Tuesday called for formation of national government, saying the ruling coalition has failed to serve the country. Speaking at a press conference at Karachi Press Club, the close aide of Z.A. Bhutto said that t
Published 07 Jan, 2009 12:00am
Italian language: University of Karachi introduces subsidiary courses

Italian language: University of Karachi introduces subsidiary courses

The University of Karachi (KU) has introduced certificate and subsidiary courses of Italian language at the Italian Language and Cultural Centre, Faculty of Arts, Karachi University. Analysing the increase in number of students and language course offered
Published 07 Jan, 2009 12:00am
Corporate sector, education institution cooperation urged

Corporate sector, education institution cooperation urged

Sindh Minister for Information Technology Muhammad Raza Haroon has stressed the need of mutual co-operation between corporate sector and education institutions in order to produce the suitable human resource with skills and abilities required by the job m
Published 07 Jan, 2009 12:00am
OGDCL rated at AAA/A-1 Plus

OGDCL rated at AAA/A-1 Plus

Oil and Gas Development Company Limited (OGDCL) is rated Triple A/A-One Plus by JCR-VIS Credit Rating Company Limited Japan, the Member Association of Credit Agency in Asia (ACRRA) for the medium to long-term rating declared 'Stable' here today.
Published 07 Jan, 2009 12:00am
Oil prices: a plea

Oil prices: a plea

In the international market prices of petroleum products continue to slide downward and there are speculations that it may come down to $25 per barrel very soon.
Published 07 Jan, 2009 12:00am
India's terrorist activities

India's terrorist activities

Indian Prime Minister Manmohan Singh on Tuesday blamed that the Mumbai attacks had the support of "some official agencies" in Pakistan and accused Islamabad of using terrorism as an "instrument of state policy" and said Pakistan had in the past also "enco
Published 07 Jan, 2009 12:00am
US farmers remain hopeful even as 2008 profits erode

US farmers remain hopeful even as 2008 profits erode

Iowa farmer Gordon Wassenaar says he is optimistic about 2009, displaying a sometimes puzzling "glass half full" mentality needed in a profession in which mother nature can wipe out months of work overnight. He and other US farmers notched record profits
Published 07 Jan, 2009 12:00am
Good Morning: tormenting questions as 2009 begins

Good Morning: tormenting questions as 2009 begins

I missed writing this column last week due to the death of an aunt in the family. She died on 29th December 2008 after battling for years with her illness. It made some of us aware of yet another death in the family in the last ten days of December - spre
Published 07 Jan, 2009 12:00am
Time to meet the looming threat to Red Sindhi cattle

Time to meet the looming threat to Red Sindhi cattle

Shocking, indeed, it is to learn from a recent Recorder Report, of the havoc allegedly wrought by corruption and maladministration at the Sindh Provincial Directorate Animal Breeding, Hyderabad, which has spent Rs 14.973 million on purchase of equi
Published 07 Jan, 2009 12:00am
Seafood exports' poor report card

Seafood exports' poor report card

According to a Recorder Report, Pakistan has found new markets for its seafood exports in Egypt, Lebanon, Turkey and South Africa. Consequently, exports in the sector rose by over 16 percent in the current fiscal year's July to November period as a
Published 07 Jan, 2009 12:00am
Cease-fire in Gaza

Cease-fire in Gaza

A week after launching its murderous air blitz - coincidental to the new Hijri year - Israel has now sent troops and tanks into the Gaza Strip. As expected, the Hamas fighters are fighting back, both on the ground and in the air by firing retaliatory rock
Published 07 Jan, 2009 12:00am
Call to extend tax returns date

Call to extend tax returns date

Pakistan Tax Bar Association (PTBA) has called upon Prime Minister to extend the date for submission of corporate tax returns and declarations of tax investments scheme till January 31 2009.
Published 07 Jan, 2009 12:00am
NCEL launches '3-Month Kibor futures contract'

NCEL launches '3-Month Kibor futures contract'

National Commodity Exchange Limited (NCEL), the first technology driven, demutualised, online commodity futures and derivatives exchange in Pakistan is proud to announce the launch of the first exchange traded financial derivative, 'NCEL 3-Month Kibor fut
Published 07 Jan, 2009 12:00am
Health facilities for postal employees to be ensured: minister

Health facilities for postal employees to be ensured: minister

Federal Minister for Postal Services, Mir Israr Ullah Zehri has said that human resources are the assets of an organisation and Postal Services has dedicated professional workforce, so it is need of the hour to better facilitate the staff.
Published 07 Jan, 2009 12:00am
Irrigation department directed to ensure supply of water

Irrigation department directed to ensure supply of water

The Provincial Minister for Inter-Provincial Co-ordination Makhdoom Jamil Zaman has directed the officers of Irrigation department to ensure supply of irrigation water up to the tail-end otherwise be ready for action against them. Makhdoom Jamil Zaman dir
Published 07 Jan, 2009 12:00am
The Weather

The Weather

The weather report on Tuesday (January 06, 2009) and the forecast for Wednesday (January 07, 2009).

Published 07 Jan, 2009 12:00am
Nothing being done to overcome shortage of school teachers

Nothing being done to overcome shortage of school teachers

The program, which is funded by World Bank (US $200 million) to overcome the shortage of school teachers, is likely to be wrapped up due allegedly to the mismanagement of the concerned staff, it is reliably learnt. The 0.13 million applicants for the vaca
Published 07 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 07 Jan, 2009 12:00am
Sitara Limited assigned AA-, A1 ratings with 'stable' outlook

Sitara Limited assigned AA-, A1 ratings with 'stable' outlook

JCR-VIS Credit Rating Company Limited (JCR-VIS) has assigned an initial medium to long-term entity rating of 'AA-' (Double A Minus) and short term rating of 'A1' (A One) to Sitara Chemical Industries Limited (Sitara) with 'Stable' outlook. The rating inco
Published 07 Jan, 2009 12:00am
Sitara Limited assigned AA-, A1 ratings with 'stable' outlook

Sitara Limited assigned AA-, A1 ratings with 'stable' outlook

JCR-VIS Credit Rating Company Limited (JCR-VIS) has assigned an initial medium to long-term entity rating of 'AA-' (Double A Minus) and short term rating of 'A1' (A One) to Sitara Chemical Industries Limited (Sitara) with 'Stable' outlook. The rating inco
Published 07 Jan, 2009 12:00am
Tax defaulters: minister orders to issue notices

Tax defaulters: minister orders to issue notices

The Sindh Minister for Excise and Taxation, Mukesh Kumar Chawla has directed the concerned officials of his department to issue show cause notices and seal the properties of those defaulting in payment of taxes.
Published 07 Jan, 2009 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 07 Jan, 2009 12:00am
Shortage of books at FUUAST irks students

Shortage of books at FUUAST irks students

The students of Federal Urdu University of Arts, Science and Technology (FUUAST) are facing immense hardships during examination due to acute shortage of books in Urdu language at the libraries of both the campuses. The students are forced to read old boo
Published 07 Jan, 2009 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 07 Jan, 2009 12:00am
Work on string of projects underway to facilitate disabled

Work on string of projects underway to facilitate disabled

Director General Special Education Khalid Naeem said the government is working on a string of projects to facilitate disabled persons specially those living in the far flung areas. In an interview to APP here on Tuesday, he said according to national cens
Published 07 Jan, 2009 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (January 06, 2009).

Published 07 Jan, 2009 12:00am
British Council holds English language workshop for government teachers

British Council holds English language workshop for government teachers

The British Council in collaboration with the Federal Ministry of Education organised a weeklong workshop for 30 government school teachers to improve their performance in classrooms by enhancing their ability to use English language in basic teaching met
Published 07 Jan, 2009 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (January 06, 2009).

Published 07 Jan, 2009 12:00am
Vohra appointed convenor LCCI body

Vohra appointed convenor LCCI body

Former LCCI Vice President Aftab Ahmad Vohra has been appointed Convenor of LCCI FBR Liaison Standing Committee. The newly appointed Convenor has expressed the resolve to extend maximum co-operation to the LCCI members for solution to their issues relatin
Published 07 Jan, 2009 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (January 06, 2009).

Published 07 Jan, 2009 12:00am
PSO awarded ISMS certification

PSO awarded ISMS certification

Pakistan State Oil, the largest oil marketing company has been awarded the ISO/IEC 27001:2005 Information Security Management System (ISMS) certification in recognition of its secure multi-site provision of IT Services to Pakistan State Oil (PSO) offices
Published 07 Jan, 2009 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Tuesday (January 06, 2009) and for Wednesday (January 07, 2009).
Published 07 Jan, 2009 12:00am
Need for developing energy resources stressed

Need for developing energy resources stressed

Pakistan needs to develop and harness its own energy resources in view of the rising demand. This was stated by Senator Syed Dilawar Abbas, Chairman, Senate Standing Committee on Petroleum and Natural Resources at a press conference after a presentation h
Published 07 Jan, 2009 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (January 06, 2009).

Published 07 Jan, 2009 12:00am
PEF meeting on January 10

PEF meeting on January 10

The Punjab Economic Forum (PEF), in view of ongoing economic crisis, has convened its emergency meeting on January 10. The meeting to be chaired by Punjab Economic Forum President Sohail Lashari would discuss various options to cope with present energy cr
Published 07 Jan, 2009 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (January 06, 2009).

Published 07 Jan, 2009 12:00am
TCP floats tender for urea import

TCP floats tender for urea import

Trading Corpor-ation of Pakistan (TCP) has floated a tender for the import of 250,000 metric tons of urea from world-wide sources. A TCP official said here on Tuesday that pre-qualified urea suppliers could submit their bids by January 17. They need to qu
Published 07 Jan, 2009 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (January 06, 2009).

Published 07 Jan, 2009 12:00am
Working group to plan 7th Wage Award implementation

Working group to plan 7th Wage Award implementation

The tripartite meeting on 7th Wage Board Award, comprising representatives of journalists and publishers, Tuesday held here at the Ministry of Information with Minister of Information and Broadcasting Sherry Rehman in the chair.
Published 07 Jan, 2009 12:00am
Water supply scheme inaugurated in Parachinar

Water supply scheme inaugurated in Parachinar

The Political Administration of Kurram Agency has rehabilitated schemes of drinking water supply to the city and rehabilitation of water drainage system in Parachinar City and adjacent areas which benefit 60,000 populace in the area.
Published 07 Jan, 2009 12:00am
Dir-Chitral helicopter service demanded

Dir-Chitral helicopter service demanded

NWFP Minister for Population Welfare, Saleem Khan has strongly demanded that helicopter service may be operated between Dir and Chitral on urgent basis. He said there are many Chitrali passengers in Peshawar and other parts of the province who are strande
Published 07 Jan, 2009 12:00am
THE RUPEE: rising trend

THE RUPEE: rising trend

The rupee inched up with slight gain against the dollar on the interbank market on Tuesday, gaining five paisa for buying and selling at 79.10 and 79.15, dealers said. There was strong demand for dollars ahead of Ashura holidays but the rupee managed to l
Published 07 Jan, 2009 12:00am
THE RUPEE: rising trend

THE RUPEE: rising trend

The rupee inched up with slight gain against the dollar on the interbank market on Tuesday, gaining five paisa for buying and selling at 79.10 and 79.15, dealers said. There was strong demand for dollars ahead of Ashura holidays but the rupee managed to l
Published 07 Jan, 2009 12:00am
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