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Print - 2009-01-16
'French strike cuts 9,500 megawatts in nuclear capacity'

'French strike cuts 9,500 megawatts in nuclear capacity'

The French CGT union said on Thursday a 24-hour strike in the nuclear sector has cut 9,500 megawatts (MW), or a sixth of the nuclear capacity, by 1330 GMT, pushing intraday power prices higher. The union warned that if the management of state-backed nucle
Published 16 Jan, 2009 12:00am
Three Red Cross workers kidnapped in Philippines

Three Red Cross workers kidnapped in Philippines

Three Red Cross workers, including an Italian and a Swiss national, were kidnapped in the southern Philippines on Thursday by militants suspected of belonging to the notorious Abu Sayyaf group, officials said. Senator Richard Gordon, the head of the Phili
Published 16 Jan, 2009 12:00am
Indian rupee weakens

Indian rupee weakens

The Indian rupee dropped to its lowest in nearly a week on Thursday as a sharp fall in the local share market highlighted risk aversion among investors and fuelled concerns of further fund outflows. The partially convertible rupee closed at 49.03/04 per d
Published 16 Jan, 2009 12:00am
US swap spreads widen

US swap spreads widen

Money market strains intensified on Thursday as a growing sense of gloom surrounding the global economy and banks pushed US interest rate swap spreads wider and ensured European banks hoarded rather then lent cash. Sources said the US government is in tal
Published 16 Jan, 2009 12:00am
Sterling edges up versus euro

Sterling edges up versus euro

Sterling edged up versus the euro on Thursday as the European Central Bank cut interest rates by 50 basis points, as expected, and as traders anticipated more easing in coming months. But the euro erased some losses against the pound after ECB President J
Published 16 Jan, 2009 12:00am
Majors confined to narrow ranges in London trade

Majors confined to narrow ranges in London trade

The euro struggled to make headway versus the dollar on Thursday, while the yen rose with global economic pressure mounting and investors focused on the European Central Bank's rate decision. Japan's low-yielding currency hit its highest in six weeks vers
Published 16 Jan, 2009 12:00am
Australian dollar slips

Australian dollar slips

The Australian dollar slid to its lowest level in over a month on Thursday as bleak economic data and more global financial worries spurred investors to sell riskier assets such as stocks and higher-yielding currencies. The Aussie, which started the day o
Published 16 Jan, 2009 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

The civil servants should not speak the truth and those dare must be made an example for others, suggested apparently a privilege motion Pakistan Muslim League-Q Raza Hayat Hiraj moved against the DCO Khanewal for making a statement. The DCO said that rul
Published 16 Jan, 2009 12:00am
Tevta project completion ceremony held

Tevta project completion ceremony held

A ceremony was held at Tevta Cutlery and Small Industry Service centre, Tevta Secretariat on completion of machinery work. Tevta Chairman, Mohsin Syed, Secretary, Rafia Nazir, President, Tevta District Board of Management, Gujranwala, Muhammad Naseem, MPA
Published 16 Jan, 2009 12:00am
'Pakistan and Iran share era of heritage'

'Pakistan and Iran share era of heritage'

'Pakistan and Iran are two great historic nations having 6,000 years old social, cultural, economic and religious ties. Both nations must benefit from one another's developed areas and research.' The Governor General, Khorsan Rizvi, Muhammad Javad Muhamma
Published 16 Jan, 2009 12:00am
UVAS seminar on 'calf nutrition and management'

UVAS seminar on 'calf nutrition and management'

The University of Veterinary and Animal Sciences (UVAS) Lahore in collaboration with the ProFarm Pakistan is organising a daylong seminar on 'Calf Nutrition and Management' on January 28. Technical experts from Holland and the UVAS will conduct the semina
Published 16 Jan, 2009 12:00am
GCU vice chancellor meets Iranian University delegation

GCU vice chancellor meets Iranian University delegation

'We are quality producer and we believe in quality education for which we are committed,' the Vice Chancellor, Government College University (GCU) Lahore, Professor Khalid Aftab said. He was welcoming the four-member delegation led by the VC of Ferdowsi U
Published 16 Jan, 2009 12:00am
Shahbaz meets Balochistan University vice chancellor

Shahbaz meets Balochistan University vice chancellor

Punjab Chief Minister, Mian Muhammad Shahbaz Sharif on Thursday met the Vice Chancellor of Balochistan University (BU), Dr Masoom Yasinzal discussed matters pertaining to educational development in the Province. Shahbaz said that his government had taken
Published 16 Jan, 2009 12:00am
SBP governor says textile industry must be given relief

SBP governor says textile industry must be given relief

State Bank of Pakistan Governor Saleem Raza has agreed that textile industry must be given some relief so as to get a breathing space. Dr Mirza Ikhtiar Baig, Federal Advisor on Textiles on Thursday met SBP Governor Saleem Raza. During the meeting, the Gov
Published 16 Jan, 2009 12:00am
SME Bank announces profit rates

SME Bank announces profit rates

The Management of SME Bank Ltd has declared rates of profit on different deposit schemes for the period of July-December, 2008. According to a press release on Thursday, the profit on saving accounts up to the balance of 49,999 was five percent and from 5
Published 16 Jan, 2009 12:00am
SME Bank announces profit rates

SME Bank announces profit rates

The Management of SME Bank Ltd has declared rates of profit on different deposit schemes for the period of July-December, 2008. According to a press release on Thursday, the profit on saving accounts up to the balance of 49,999 was five percent and from 5
Published 16 Jan, 2009 12:00am
Government urged to use all channels for repatriation of Dr Afia

Government urged to use all channels for repatriation of Dr Afia

Senate Standing Committee on Human Rights on Thursday urged the government to use political and diplomatic channels and influence for immediate repatriation of Dr Afia Siddqui before start of her trial, who is currently languishing in a US prison.
Published 16 Jan, 2009 12:00am
Senate body discusses adulteration of pesticide

Senate body discusses adulteration of pesticide

Senate Standing Committee on Food, Agriculture and Livestock has stressed the need for faster prosecution of the cases against the people and companies involved in the business of adulterated pesticides and fertilisers. It also instructed the authorities
Published 16 Jan, 2009 12:00am
Pakistan, Iran and China tripartite trade deal stressed

Pakistan, Iran and China tripartite trade deal stressed

The Governor General of Khorsan Rizvi, Mohammaad Gavad Mohammadizadeh has stressed upon the need of tripartite trade agreement among Pakistan, Iran and China to strengthen trade relations that would benefit all three countries with more effective and usef
Published 16 Jan, 2009 12:00am
Asian bond spreads widen

Asian bond spreads widen

Asian bond spreads widened for a third straight session on Thursday, as grim US and Japanese data highlighted the threat of a prolonged global recession, while fears of massive losses hounded the world's major banks.
Published 16 Jan, 2009 12:00am
Asian bond spreads widen

Asian bond spreads widen

Asian bond spreads widened for a third straight session on Thursday, as grim US and Japanese data highlighted the threat of a prolonged global recession, while fears of massive losses hounded the world's major banks.
Published 16 Jan, 2009 12:00am
European credit spreads mixed

European credit spreads mixed

European credit indexes were mixed on Thursday after J.P. Morgan reported a sink in profits, while German healthcare group Fresenius increased the size of its planned high-yield bond in a sign of strong demand. Spreads moved tighter in the day after initi
Published 16 Jan, 2009 12:00am
European credit spreads mixed

European credit spreads mixed

European credit indexes were mixed on Thursday after J.P. Morgan reported a sink in profits, while German healthcare group Fresenius increased the size of its planned high-yield bond in a sign of strong demand. Spreads moved tighter in the day after initi
Published 16 Jan, 2009 12:00am
Indian shares tumble

Indian shares tumble

Indian stocks fell 3.45 percent Thursday, reacting to weak US markets falling on an unrelenting flow of bad economic and corporate news, dealers said. The benchmark 30-share Sensex index fell 323.75 points to 9,046.74. "Weak global trends and possible low
Published 16 Jan, 2009 12:00am
UK's top share index slips

UK's top share index slips

Britain's top share index slipped 1.4 percent on Thursday as anxiety over the global financial sector once again pummelled banks, while energy and mining stocks retreated, gnawed by demand worries. The global crisis prompted the European Central Bank to c
Published 16 Jan, 2009 12:00am
New York cotton ends sharply up

New York cotton ends sharply up

Cotton futures rallied to a strong finish Thursday on investment fund buying, and follow-through interest should spark a further advance in fibre contracts this week and next, brokers said. The key March cotton contract gained 2.53 cents to finish at 48.5
Published 16 Jan, 2009 12:00am
Copper falls 3.5 percent

Copper falls 3.5 percent

Copper fell 3.5 percent on Thursday as warehouse stocks rose and most industrial metals sank as dismal economic data from the United States and Europe added to evidence of ever weaker demand. The world's fourth-biggest diversified miner Rio Tinto's fourth
Published 16 Jan, 2009 12:00am
Oil falls over five percent

Oil falls over five percent

Oil prices fell more than 5 percent on Thursday as thickening economic gloom added to worries world energy demand will keep shrinking this year. US crude fell $1.88 to settle at $35.40 a barrel, after falling as low as $33.20 - the lowest since December 1
Published 16 Jan, 2009 12:00am
Sugar rises in London

Sugar rises in London

Sugar prices rose on Thursday as the market started to regain ground lost during index fund reweighting, boosted partly by signs of a pick-up in demand in the physical market, dealers said. The sugar market advanced despite weaker crude oil prices, declin
Published 16 Jan, 2009 12:00am
Gold steadies in Europe

Gold steadies in Europe

Gold steadied on Thursday near the previous session's close as interest in the precious metal as a haven from risk supported prices after fluctuating in the wake of a rate cut by the European Central Bank. Spot gold rose to a session high of $820.60 an ou
Published 16 Jan, 2009 12:00am
US MIDDAY: cocoa tumbles

US MIDDAY: cocoa tumbles

US cocoa futures fell to a one-month low for the fourth straight day in early trade on Thursday, on continued weakness and ahead of the US grind data, while arabica coffee futures also eased, traders said. Arabica coffee for March delivery down 0.35 cent
Published 16 Jan, 2009 12:00am
US MIDDAY: sugar moves up

US MIDDAY: sugar moves up

Raw sugar futures on ICE Futures US at 1324 GMT. March raw sugar contract gained 0.13 cent to 11.56 cents per lb. Trading from 11.52 to 11.68 cents. Volume at 7,404 lots. Market pushes up on short-covering, but stuck in a band from 11 to 12 cents, said de
Published 16 Jan, 2009 12:00am
US MIDDAY: soya tops $10 a bushel

US MIDDAY: soya tops $10 a bushel

Chicago Board of Trade March soybeans surpassed $10 a bushel, climbing more than 30 cents, early Thursday on Argentine crop weather worries and strong export demand, traders said.
Published 16 Jan, 2009 12:00am
US MIDDAY: copper falls

US MIDDAY: copper falls

US copper futures fell as much as 3.6 percent early Thursday, under pressure from persistent inventory builds and grim economic data that suggested the market's already-weakened state of demand will suffer further. Copper for March delivery was down 2.95
Published 16 Jan, 2009 12:00am
US MIDDAY: gold erases gains

US MIDDAY: gold erases gains

US gold futures erased gains to trade slightly higher early on Thursday, holding just above the $800 an ounce level, as a stronger dollar against the euro and falling oil prices offset safe-haven buying due to renewed credit fears. Gold for February deliv
Published 16 Jan, 2009 12:00am
Annual desilting campaign in full swing

Annual desilting campaign in full swing

The Annual Desilting Campaign 2009 is going on in full swing in the province and the desilting process of 4,415 mile long 639 water channels will be completed by January 31 by removing 13.13 lakh cubic feet silt. The Irrigation Department has earmarked an
Published 16 Jan, 2009 12:00am
WWF-P not satisfied with Poverty Reduction Paper-II

WWF-P not satisfied with Poverty Reduction Paper-II

The World Wide Fund for Nature Pakistan (WWF-P) expressed concern on the absence of environment as a separate sector in the Poverty Reduction Strategy Paper-II (PRSP-II) here on Thursday. According to a WWF-P's spokesman, the PRSP-II document does not ide
Published 16 Jan, 2009 12:00am
Lawyers hold protest rally

Lawyers hold protest rally

The lawyers as part of their ongoing movement for restoration judges, city lawyers after three weeks' break here on Thursday held protest rally on the Mall. As large number of enthusiastic lawyers with political workers and civil society activists held th
Published 16 Jan, 2009 12:00am
Rescue 1122 received 5.89 million calls in 2008

Rescue 1122 received 5.89 million calls in 2008

The Punjab Emergency Service (Rescue 1122) Director General, Dr Rizwan Naseer stated that the Service has received 5.89 million calls in 2008 in all major cities of Punjab, which include Lahore, Rawalpindi, Faisalabad, Multan, Rahim Yar Khan, Bahawalpur,
Published 16 Jan, 2009 12:00am
Chashma plant resumes function from January 17

Chashma plant resumes function from January 17

Chashma Nuclear Power Plant will resume generating 300 MW power Saturday (tomorrow) after a five-month closer on account of annual maintenance and repairs. The Director General, Pakistan Electric Power Company (Pepco), Tahir Basharat Cheema told Busine
Published 16 Jan, 2009 12:00am
British Kashmiris keen to invest in AJK

British Kashmiris keen to invest in AJK

Renowned social and entrepreneur figures of British Kashmiris Tanvir Naz and Raja Haider Abbas called on President Azad Jammu and Kashmir Raja Zulqarnain Khan and expressed their interest to invest in hotel industry and other industrial sectors.
Published 16 Jan, 2009 12:00am
Kashmiri detainees deprived of medical facilities in IHK

Kashmiri detainees deprived of medical facilities in IHK

Occupied Srinagar High Court Bar Association has said that Kashmiri political detainees were suffering from serious health disorders because they were not being given adequate medical facilities by the jail authorities, in occupied Kashmir.
Published 16 Jan, 2009 12:00am
PBC employees stage demonstration

PBC employees stage demonstration

Employees of Pakistan Broadcasting Corporation (PBC) have threatened to discontinue the transmissions of Radio Pakistan if their demands were not met within three days. They locked out their offices and staged a demonstration on Thursday in front of Multa
Published 16 Jan, 2009 12:00am
Serena Hotels preserving ecological environment

Serena Hotels preserving ecological environment

As part of the Aga Khan Development Network, Serena hotels are committed to preserve a sympathetic ecological environment, creating employment, reviving and sustaining Pakistan's ancient heritage of craft and traditions, and supporting an extensive educat
Published 16 Jan, 2009 12:00am
First agro-based industrial park to be established in Okara

First agro-based industrial park to be established in Okara

Federal Minister for Industries and Production, Mian Manzoor Ahmed Wattoo said on Thursday that the First Agro-based Industrial Park would be established in Okara district. The cost of the project will be Rs 500 million, he said adding that initially the
Published 16 Jan, 2009 12:00am
Seven of a family burnt to death

Seven of a family burnt to death

Seven persons of a family were burnt to death when a fire broke out in a house in Bugna Village near Atmuquam in Neelum valley. According to police, the fire broke out in the house of Hakim Khan s/o Zeetullah after gas cylinder burst when dinner was being
Published 16 Jan, 2009 12:00am
RPOs directed to appear in LHC with preparation

RPOs directed to appear in LHC with preparation

Inspector General of Police (IGP) Punjab has directed the regional police officers (RPOs), district police officers (DPOs) and city police officers (CPOs) to appear in the Lahore High Court with full preparation of their cases. The IGP has taken this noti
Published 16 Jan, 2009 12:00am
Police directed to curb flour smuggling

Police directed to curb flour smuggling

Deputy Commissioner (DC) Islamabad Amer Ali Ahmed has said that the district administration will ensure availability of food items at the control rate and profiteering tendency will be curbed by regular price checking in the markets and weekly bazaars by
Published 16 Jan, 2009 12:00am
'50,000 bags of urea sold at fixed price'

'50,000 bags of urea sold at fixed price'

As many as 50,000 bags of urea fertiliser has been sold to the farmers at fixed price in his constituency, said Member of Provincial Assembly (MPA) Dr Muhammad Akhtar Malik on Thursday. He said the government had taken stringent action on the reports of b
Published 16 Jan, 2009 12:00am
SGSM will supply two megawatts electricity to Fesco: agreement inked

SGSM will supply two megawatts electricity to Fesco: agreement inked

Faisalabad Electric Supply Company (Fesco) has inked an agreement with Shakar Ganj Sugar Mills (SGSM) for the purchase of two megawatt (MW) of electricity. Chief Executive Fesco Ahmad Saeed Akhtar and Awais Qureshi of Shakar Ganj Sugar Mills signed the ag
Published 16 Jan, 2009 12:00am
Ministry to arrange 'Kashmiri convention' on February 5

Ministry to arrange 'Kashmiri convention' on February 5

Federal Minister for Kashmir Affairs and Northern Areas (KANA), Qamar Zaman Kaira on Thursday said Pakistan would continue supporting the cause of Kashmir and the right to self-determination of people of held Kashmir. He said Pakistan observes 'Kashmir So
Published 16 Jan, 2009 12:00am
Israeli power

Israeli power

It's ironic that the leader of the most powerful country in the world has to bend over backward to appease the prime minister of a state which is heavily dependent upon it. The prime minister of Israel simply said, "Get me President Bush on the phone." Wh
Published 16 Jan, 2009 12:00am
NADRA: who will help?

NADRA: who will help?

Hundreds and thousands of Karachiites are facing countless problems. I am one of them. National Database and Registration Authority (NADRA) is working from 1998. It was formed to help the government in developing and implementing a fact-based system of go
Published 16 Jan, 2009 12:00am
Hotel giants seek refuge in niches

Hotel giants seek refuge in niches

It's a trend pre-dating the global slowdown: big hotel chains are moving into the quirky boutique sector to tap into a niche of profitable growth. What's not clear now is how many can succeed. Hotel revenues have fallen sharply since last October and shar
Published 16 Jan, 2009 12:00am
Russia's neighbours feel pain of slowdown

Russia's neighbours feel pain of slowdown

Until the financial crisis hit, Shahin Kerimov sent money home from his job in Russia to his family in Azerbaijan. Now his wages have stopped, they have to wire him cash to buy food. Kerimov worked a tough, dirty job building apartment blocks in Moscow so
Published 16 Jan, 2009 12:00am
Load-shedding to continue in Karachi

Load-shedding to continue in Karachi

Given the existing conditions, massive countrywide loadshedding may continue into the next year. The supply of natural gas to thermal power plants has been discontinued for three months, while there is reluctance on the part of the operators to use furnac
Published 16 Jan, 2009 12:00am
Time to heed Reap's elaborate plan

Time to heed Reap's elaborate plan

Coming in the midst of apparent predicament of Pakistani rice exporters, it is disconcerting to learn from a Recorder Report that they missed an opportunity to export rice worth $300 million recently within the course of five days due to non- parti
Published 16 Jan, 2009 12:00am
On the 'central front'

On the 'central front'

Speaking at her confirmation hearing in the Senate on Tuesday, US Secretary of State-designate Hillary Clinton reiterated President-elect Barack Obama's oft-repeated assertion that Pakistan and Afghanistan are the 'central front' in their country's fight
Published 16 Jan, 2009 12:00am
Foreign currency accounts serve our interests

Foreign currency accounts serve our interests

There is a proposal from the World Bank to extend cash withholding tax on withdrawals from foreign currency accounts. This suggestion has been, reportedly, laid at the doorstep of the Federal Board of Revenue (FBR). The rationale behind this move is fairl
Published 16 Jan, 2009 12:00am
Action demanded against extortion in Mithadar, New Sabzi Mandi

Action demanded against extortion in Mithadar, New Sabzi Mandi

Acting President, Karachi Chamber of Commerce and Industry (KCCI) M Jawed Bilwani has urged Sindh Home Minister Dr Zalfiqar Ali Mirza to direct concern police officials to launch vigorous action on war footing to exterminate the illegal activities of exto
Published 16 Jan, 2009 12:00am
Cable operators threaten to stop Indian channels' telecast

Cable operators threaten to stop Indian channels' telecast

All Indian television channels would be banned, if the neighbouring country did not stop propaganda against Pakistan. This was stated by M.S Akhtar, president, cable operators association of Pakistan (CAP) at the inauguration ceremony of S.A Motors along
Published 16 Jan, 2009 12:00am
UBL and Qarshi Industries sign accord for cash management

UBL and Qarshi Industries sign accord for cash management

An agreement was signed between United Bank Limited and Qarshi Industries (Pvt) Limited at a ceremony held at the UBL Corporate Centre. Hassan Raza, GE Corporate, represented the Bank and Iqbal Ahmed Qarshi, CEO Qarshi Industries, signed on behalf of his
Published 16 Jan, 2009 12:00am
Seminar on 'adoption of anti bribery principles in private sector' held

Seminar on 'adoption of anti bribery principles in private sector' held

A seminar was held at a local hotel here on Thursday on 'Adoption of Anti Bribery Principles in the Private Sector'. This seminar was organised by Transparency International Pakistan and BASF Pakistan (Pvt) Ltd. The chief guest of the seminar was Elahi Ba
Published 16 Jan, 2009 12:00am
LDA retrieves plot from land grabbers

LDA retrieves plot from land grabbers

In an operation against land grabbers in Johar Town area, the staff of the Lahore Development Authority (LDA) retrieved a plot here on Thursday. According to a LDA's spokesman, they recovered a plot No 566 in block J-3, measuring five marlas, by demolishi
Published 16 Jan, 2009 12:00am
Record of Miani Sahib Graveyard area not available, LHC told

Record of Miani Sahib Graveyard area not available, LHC told

Documentary record of Miani Sahib Graveyard (MSG) area is not available and several discrepancies of measurement have been found during the demarcation of as most of the land was encroached by houses and shops constructed long ago. This was revealed by a
Published 16 Jan, 2009 12:00am
Deal with IMF on harsh conditions criticised

Deal with IMF on harsh conditions criticised

Economist, Hafiz Pasha believe that abolishment of subsidies on energy as per the IMF's primary conditions for the two-tranche loan of 7.6 billion dollar will in next few months challenge the national resilience. The consequential victims will be the indu
Published 16 Jan, 2009 12:00am
PACRA foresees weakening performance of leasing companies

PACRA foresees weakening performance of leasing companies

The Pakistan Credit Rating Agency Limited (PACRA) foresees weakening performance of leasing companies - a consequence of tough operating environment amid tight credit conditions and soaring cost of funds. Business risk is also amplified as both consumers
Published 16 Jan, 2009 12:00am
PACRA foresees weakening performance of leasing companies

PACRA foresees weakening performance of leasing companies

The Pakistan Credit Rating Agency Limited (PACRA) foresees weakening performance of leasing companies - a consequence of tough operating environment amid tight credit conditions and soaring cost of funds. Business risk is also amplified as both consumers
Published 16 Jan, 2009 12:00am
'Aggressive marketing approach needed to increase defence exports'

'Aggressive marketing approach needed to increase defence exports'

Federal Minister for Defence Production, Abdul Qayyum Jatoi has emphasised the need for undertaking new development projects and aggressive marketing approach to increase export and earn foreign exchange for the country. He was addressing a meeting held t
Published 16 Jan, 2009 12:00am
Pacra maintains IFS rating of Adamjee Insurance

Pacra maintains IFS rating of Adamjee Insurance

The Pakistan Credit Rating Agency (Pacra) has maintained the IFS rating of Adamjee Insurance Company Limited (AICL) at "AA" (Double A). The rating denotes a very strong capacity to meet policyholder and contract obligations and risk factors are considered
Published 16 Jan, 2009 12:00am
Pacra maintains IFS rating of Adamjee Insurance

Pacra maintains IFS rating of Adamjee Insurance

The Pakistan Credit Rating Agency (Pacra) has maintained the IFS rating of Adamjee Insurance Company Limited (AICL) at "AA" (Double A). The rating denotes a very strong capacity to meet policyholder and contract obligations and risk factors are considered
Published 16 Jan, 2009 12:00am
Zardari lauds Raisani for improving law and order in Balochistan

Zardari lauds Raisani for improving law and order in Balochistan

President Asif Ali Zardari on Thursday appreciated Balochistan chief minister for improving law and order situation in the province and asked the provincial government to make all-out efforts to ensure socio-economic uplift of Balochistan. Zardari was tal
Published 16 Jan, 2009 12:00am
Bill tabled in NWFP Assembly for compulsory teaching of Quran and Hadith

Bill tabled in NWFP Assembly for compulsory teaching of Quran and Hadith

A private bill on Thursday was moved in NWFP assembly for introduction of amendments in NWFP Shariah Act, 2003 for starting the teaching of Nazira (recitation), translation of Holy Qur'aan in all education institutions (both public and private sectors) of
Published 16 Jan, 2009 12:00am
Supreme Court takes suo motu notices on existence of private jails

Supreme Court takes suo motu notices on existence of private jails

The Supreme Court on Thursday took suo moto notices in the public interest and issued direction for the concerned officials to submit detailed reports of the incidents. Chief Justice Abdul Hameed Dogar took suo moto notice in response to a news item discl
Published 16 Jan, 2009 12:00am
The Weather

The Weather

The weather report on Thursday (January 15, 2009) and the forecast for Friday (January 16, 2009).

Published 16 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 16 Jan, 2009 12:00am
CDA plans revising PC-1 of zero point interchange

CDA plans revising PC-1 of zero point interchange

The Capital Development Authority (CDA) has planned to revise the PC-1 of Zero Point Interchange project to add some other features including its extension towards Faizabad and Peshawar Mor as well as to beautify the project.
Published 16 Jan, 2009 12:00am
DIBPL bags two prestigious awards

DIBPL bags two prestigious awards

Dubai Islamic Bank Pakistan Ltd (DIBPL) outshined at the 4th Annual Islamic Finance News Awards, bagged two prestigious awards, 'Sovereign Deal of the Year' and 'Pakistan deal of the Year' for its consortium-led deal of Pakistan Domestic Sukuk Company (PD
Published 16 Jan, 2009 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 16 Jan, 2009 12:00am
Mumbai attacks: India asked to allow Pakistani officials to probe

Mumbai attacks: India asked to allow Pakistani officials to probe

Pakistan on Thursday asked India to allow Pakistani officials to visit the country to probe into November 26 Mumbai terrorist attacks in the light of information provided by India. "An investigation team, comprising an inspector general and two deputy ins
Published 16 Jan, 2009 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 16 Jan, 2009 12:00am
Gilani dispels impression of imminent war with India

Gilani dispels impression of imminent war with India

Prime Minister Yousuf Raza Gilani has dispelled the impression of any possible war between Pakistan and India, saying the nuclear deterrence of the two countries would not allow them to attack on each other. "There is no threat of war, as there is tremend
Published 16 Jan, 2009 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (January 15, 2009).

Published 16 Jan, 2009 12:00am
Punjab spending Rs 3.63 billion on upgradation of schools

Punjab spending Rs 3.63 billion on upgradation of schools

Punjab government is spending Rs 3.63 billion during the current fiscal year on conversion of 144 schools across the province into 'Centre of Excellence'. Official sources told Business Recorder on Thursday that under the programme, latest educatio
Published 16 Jan, 2009 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (January 15, 2009).

Published 16 Jan, 2009 12:00am
Departmental disputes hurdle in working of educational boards

Departmental disputes hurdle in working of educational boards

Increasing ties between Sindh Education Department and Governor House create immense difficulties for the administration of all the educational boards to perform their duties as the provincial education department issued notice to all educational boards t
Published 16 Jan, 2009 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (January 15, 2009).

Published 16 Jan, 2009 12:00am
Students facing transport problems in twin cities

Students facing transport problems in twin cities

The student community in twin cities of Islamabad and Rawalpindi are facing transport problem. There are hundred of educational institutions in twin-city, while transport arrangements for thousands of students are insufficient. Though, many institutions h
Published 16 Jan, 2009 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Thursday (January 15, 2009) and for Friday (January 16, 2009).
Published 16 Jan, 2009 12:00am
HEC seeks more funds to meet universities' expenditures

HEC seeks more funds to meet universities' expenditures

The Higher Education Commission (HEC) has demanded of the government that the allocation of funds must be enhanced to meet expenditures of the universities which are currently facing a major financial crisis due to increasing expenditures.
Published 16 Jan, 2009 12:00am
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