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Sep 21, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2009-01-23
China stocks rise to one-month closing high

China stocks rise to one-month closing high

China's stock market rose 1 percent on Thursday to a one-month closing high, led by coal and non-ferrous metals shares while the pharmaceutical sector got a boost from healthcare reforms. The Shanghai Composite Index ended at 2,004.951 points, shrugging o
Published 23 Jan, 2009 12:00am
Singapore shares jump

Singapore shares jump

Singapore shares gained 0.25 percent on Thursday after the government announced unprecedented measures to confront what is likely its worst recession ever. The blue chip Straits Times Index rose 4.25 points to 1,708.77 on volume of 863 million shares wort
Published 23 Jan, 2009 12:00am
US bonds dive on stocks rally

US bonds dive on stocks rally

US Treasuries prices tumbled on Wednesday as investors switched out of safer haven government securities into stocks on hopes for an economic recovery plan, the costs of which could pummel the government bond market. On the first full day of the Obama adm
Published 23 Jan, 2009 12:00am
US bonds dive on stocks rally

US bonds dive on stocks rally

US Treasuries prices tumbled on Wednesday as investors switched out of safer haven government securities into stocks on hopes for an economic recovery plan, the costs of which could pummel the government bond market. On the first full day of the Obama adm
Published 23 Jan, 2009 12:00am
Malaysian shares up

Malaysian shares up

Malaysian share prices closed up 0.6 percent on Thursday amid mild profit-taking and weak sentiment ahead of the upcoming Lunar New Year holidays, dealers said. The Kuala Lumpur Composite Index rose 5.61 points to close at 879.02 points on turnover of 371
Published 23 Jan, 2009 12:00am
Hong Kong shares slightly firmer

Hong Kong shares slightly firmer

Hong Kong shares bounced off a two-month low and closed with a slight gain on Thursday, driven by a strong recovery in HSBC on bargain-hunting. The UK-based lender's shares gained 3.6 percent, breaking an eight-day fall, which had been driven by its weak
Published 23 Jan, 2009 12:00am
Nikkei rises as property stocks jump

Nikkei rises as property stocks jump

Japan's Nikkei stock average gained 1.9 percent on Thursday, buoyed by property firms after the central bank said it would accept bonds issued by REITs as collateral, although Honda Motor Co and other exporters were hit by a firm yen. Top brokerages such
Published 23 Jan, 2009 12:00am
Jakarta shares climb

Jakarta shares climb

Indonesian shares closed 0.4 percent higher on Thursday, helped by the firmer rupiah and gains in most Asian markets, dealers said. The Jakarta Composite Index rose 5.89 points to 1,327.32 in thin volume. "The market consolidated after recent falls amid g
Published 23 Jan, 2009 12:00am
Hong Kong dollar steady in thin trade

Hong Kong dollar steady in thin trade

The Hong Kong dollar was trapped in a narrow range against the US dollar on Thursday in thin pre-holiday trade. One dealer at a European bank said the market spent the day within a 10-tick range with little direction and he had not seen any major flows.
Published 23 Jan, 2009 12:00am
Yuan ends up

Yuan ends up

China's yuan closed up slightly against the dollar on Thursday as signs that the Chinese central bank is determined to keep the yuan stable for the time being helped to offset the negative impact of weak macroeconomic data. China's economic growth slumped
Published 23 Jan, 2009 12:00am
Yen holds near 13-year peak

Yen holds near 13-year peak

The yen held near a 13-1/2-year peak hit against the dollar and a seven-year high struck versus the euro the previous day, buoyed by growing investor anxieety about global banking woes. Sterling hovered above a 23-year low hit against the dollar on Wednes
Published 23 Jan, 2009 12:00am
Dollar plummets versus yen

Dollar plummets versus yen

The dollar plunged against the yen on Wednesday in technical trading as a dollar/yen options position at 90 yen expired without being exercised. The position had been defended by buying dollars against the yen but with the expiration, the holder no longer
Published 23 Jan, 2009 12:00am
Australian dollar recovers from six-week lows

Australian dollar recovers from six-week lows

The Australian dollar rebounded from six-week lows on Thursday as extreme risk aversion waned, but evidence a major slowdown is underway across Asia and concerns about the global banking sector capped gains. Analysts said dire economic data from China, Ja
Published 23 Jan, 2009 12:00am
Stocks lead Asian currencies higher

Stocks lead Asian currencies higher

Asian currencies rose on Thursday as investors took heart from firmer stocks, but gains were capped by a spate of gloomy economic data that painted a bleak outlook for the export-dependent region. The Philippine peso climbed as high as 47.30 per dollar, u
Published 23 Jan, 2009 12:00am
Swiss franc falls further

Swiss franc falls further

The Swiss franc fell further against the dollar on Thursday, after the Swiss National Bank vice-chairman said the bank could intervene to weaken the franc if necessary to support the economy. "The Swiss franc weakened materially on the back of the latest
Published 23 Jan, 2009 12:00am
England arrive for West Indies tour

England arrive for West Indies tour

England, under new captain Andrew Strauss, touched down in the Caribbean on Wednesday confident that they can continue their dominance over West Indies. The visitors were greeted at the Robert Bradshaw International Airport by a delegation of government a
Published 23 Jan, 2009 12:00am
England players get IPL go-ahead

England players get IPL go-ahead

England stars such as Kevin Pietersen and all-rounder Andrew Flintoff will be able to play in the Indian Premier League after signing their national central contracts on Thursday. Talks between England's players and the England and Wales Cricket Board (EC
Published 23 Jan, 2009 12:00am
Violence down and fans up in Italian football

Violence down and fans up in Italian football

Violence at Italian football grounds is reducing while the number of fans coming to watch live matches is increasing, a report released on Thursday claimed. The Italian football Observatory, a body charged with disciplinary matters in the game, claimed th
Published 23 Jan, 2009 12:00am
Sri Lanka revise India tour schedule

Sri Lanka revise India tour schedule

The central town of Dambulla will host just one match instead of two during India's upcoming tour of Sri Lanka, the two cricket boards said in a statement on Thursday. Dambulla, which was due to hold the first two matches of the five-match one-day series,
Published 23 Jan, 2009 12:00am
Nadal, Murray red-hot at Open

Nadal, Murray red-hot at Open

Top seed Rafael Nadal and Britain's Andy Murray remained on collision course at the Australian Open with both in red-hot form on Thursday.Nadal shattered any doubts about his ability to clinch a hard-court Grand Slam with a second easy win here, while fou
Published 23 Jan, 2009 12:00am
Venus' Open curse continues as Serena stumbles through

Venus' Open curse continues as Serena stumbles through

Venus Williams slumped to a shock loss in the Australian Open second round Thursday while sister Serena stumbled but managed to keep her quest for a fourth title alive. Sixth seed Venus' exit at the hands of Spain's Carla Suarez Navarro was the biggest up
Published 23 Jan, 2009 12:00am
City missed out on Buffon, Henry and Villa before Kaka

City missed out on Buffon, Henry and Villa before Kaka

Manchester City's aborted bid for Brazilian superstar Kaka was preceded by failed attempts to sign Gianluigi Buffon, Thierry Henry and the Valencia pair David Villa and David Silva, it emerged on Thursday. None of the moves got as far as the attempt to si
Published 23 Jan, 2009 12:00am
Third U-21 Championship: Islamabad, NWFP book quarter-final spot

Third U-21 Championship: Islamabad, NWFP book quarter-final spot

Islamabad and NWFP booked quarterfinal berth as two more matches were decided in third National U-21 Championship at Islamabad's Jinnah Stadium on Thursday. Host Islamabad's winger Subhan Ahmed collected late goal to give his team quarterfinal slot as Isl
Published 23 Jan, 2009 12:00am
'Benjamin Button' is Oscars front-runner with 13 nominations

'Benjamin Button' is Oscars front-runner with 13 nominations

Period love story "The Curious Case of Benjamin Button" emerged as the front-runner for the Academy Awards here Thursday after landing a whopping 13 nominations. The critically acclaimed romance, starring Brad Pitt as a man who ages in reverse, edged out
Published 23 Jan, 2009 12:00am
UN protests Tamil Tiger refusal of safe passage

UN protests Tamil Tiger refusal of safe passage

The United Nations said on Thursday Tamil Tiger rebels had violated international law for refusing to allow local staff and their families to leave Sri Lanka's war zone. The Liberation Tigers of Tamil Eelam (LTTE) are now cornered in less than 400 sq km (
Published 23 Jan, 2009 12:00am
Sri Lanka seize rebel command centre amid heavy fighting

Sri Lanka seize rebel command centre amid heavy fighting

Sri Lankan troops have seized a Tamil Tiger command centre in the island's north as ground troops advance further into the rebels' remaining territory amid heavy fighting, the military said on Thursday. Security forces found briefing rooms containing deta
Published 23 Jan, 2009 12:00am
Iran hangs 10 murderers in mass execution

Iran hangs 10 murderers in mass execution

Iran has hanged 10 men convicted of murder in a mass execution in Tehran's notorious Evin prison, the government Iran newspaper reported on Thursday. The executions of the men, aged between 21 and 42, were carried out Wednesday morning, the report said.
Published 23 Jan, 2009 12:00am
UN rights chief urges more Obama action on prisoners

UN rights chief urges more Obama action on prisoners

The UN's top human rights official on Thursday applauded new US President Barack Obama's decision to close Guantanamo jail and urged him to look also at prisoners' rights at US-run centres in Afghanistan and Iraq. UN High Commissioner for Human Rights Nav
Published 23 Jan, 2009 12:00am
Myanmar cyclone, China quake dominate global disaster toll: UN

Myanmar cyclone, China quake dominate global disaster toll: UN

More than 90 percent of the 235,816 people killed world-wide in natural disasters last year succumbed during the cyclone in Myanmar or the earthquake in China's Sichuan province, the UN said Thursday. The annual figures released by a United Nations think
Published 23 Jan, 2009 12:00am
Japanese taskforce approves naval mission to Somalia

Japanese taskforce approves naval mission to Somalia

Japan's ruling coalition Thursday approved plans to send naval ships to pirate-infested waters off Somalia to protect Japanese vessels and nationals, an official said. The decision by the coalition's anti-piracy task force is expected to pave the way for
Published 23 Jan, 2009 12:00am
Indian soldier on the run after killing six colleagues

Indian soldier on the run after killing six colleagues

Indian police launched a massive manhunt Thursday for a soldier who killed six of his colleagues in a shooting spree in the north-east state of Manipur, a defence official said. The soldier from the Assam Rifles unit reportedly had an argument with an off
Published 23 Jan, 2009 12:00am
Caroline Kennedy withdraws Senate bid

Caroline Kennedy withdraws Senate bid

Caroline Kennedy, the daughter of slain President John F. Kennedy, on Thursday withdrew her bid to fill the US Senate seat for New York vacated by Hillary Clinton. Kennedy cited personal reasons in a brief statement. The decision came after her uncle, US
Published 23 Jan, 2009 12:00am
Scientists want DNA tests on Galileo for 'eye test'

Scientists want DNA tests on Galileo for 'eye test'

Italian and British scientists want to exhume the body of 16th century astronomer Galileo for DNA tests to determine if his severe vision problems may have affected some of his findings. The scientists told Reuters on Thursday that DNA tests would help an
Published 23 Jan, 2009 12:00am
30 insurgents killed in Afghanistan

30 insurgents killed in Afghanistan

Afghan and international forces said Thursday they had killed around 30 militants in Afghanistan, 22 of them in Nato air strikes after a patrol was attacked near the Pakistan border. A "large number of insurgents" attacked a Nato patrol in eastern Khost p
Published 23 Jan, 2009 12:00am
Nazi-era newspaper reprints stir row in Germany

Nazi-era newspaper reprints stir row in Germany

The reprinting Thursday of a Nazi newspaper featuring fiery remarks by propaganda chief Joseph Goebbels has sparked a row in Germany as authorities tried to get it removed from the news-stands. The paper - the Voelkischer Beobachter (People's Observer), d
Published 23 Jan, 2009 12:00am
Hillary declares 'new era' for America

Hillary declares 'new era' for America

New Secretary of State Hillary Clinton proclaimed a "new era for America" at her first day of work and said President Barack Obama would visit her Thursday to show a new unity of purpose. "I believe with all my heart that this is a new era for America," C
Published 23 Jan, 2009 12:00am
Cyclone in Madagascar leaves thousands homeless

Cyclone in Madagascar leaves thousands homeless

Officials say three people were killed and nearly 3,000 left homeless when a powerful cyclone struck Madagascar. Cyclone Fanele hit the Indian Ocean island off the southern coast of Africa on Wednesday, bringing with it heavy rain and winds of up to 130 m
Published 23 Jan, 2009 12:00am
Nepal bans Bollywood movie over Buddha birth claim

Nepal bans Bollywood movie over Buddha birth claim

Nepal has banned the Bollywood movie "Chandni Chowk to China" following protests over a scene suggesting the Buddha was born in India, officials said Thursday. Siddartha Gautama, who became the original Buddha around 2,500 years ago, was born in south-wes
Published 23 Jan, 2009 12:00am
India and Germany to expand police cooperation

India and Germany to expand police cooperation

India and Germany agreed on intensifying police co-operation in the wake of the Mumbai bombings, a senior German official said Thursday.Several new measures were agreed upon "in the framework of our future closer co-operation," said Joerg Ziercke, preside
Published 23 Jan, 2009 12:00am
China defends media's Obama speech censorship

China defends media's Obama speech censorship

China on Thursday defended the censorship on state television and domestic websites of inauguration speech references by US President Barack Obama to communism and dissent, saying it was an editorial right. Chinese state television abruptly turned away fr
Published 23 Jan, 2009 12:00am
Two sentenced to death over China milk scandal

Two sentenced to death over China milk scandal

A Chinese court on Thursday sentenced two men to death and gave stiff jail terms to 10 others over a milk scandal that led to widespread poisoning of babies in China and dairy recalls around the world. The former head of the dairy firm at the heart of the
Published 23 Jan, 2009 12:00am
US searched suspected arms smuggling ship

US searched suspected arms smuggling ship

The US military intercepted and searched an Iranian-owned ship that officials feared was carrying arms to the militant group Hamas, but two officials said it was unclear Thursday whether those suspicions were justified. The Cypriot-flagged commercial vess
Published 23 Jan, 2009 12:00am
Indian rupee erases early gains

Indian rupee erases early gains

The Indian rupee rose in early trade on Thursday as it drew strength from stock market gains across Asia, but ended weaker as firm oil prices pushed up dollar buying by refiners. The partially convertible rupee ended at 49.13/16 per dollar, off an early h
Published 23 Jan, 2009 12:00am
Short-term lending market shows more signs of stress

Short-term lending market shows more signs of stress

Short-term loan markets showed more signs of strain on Thursday, as the dark cloud over the global financial system lingered, raising the borrowing costs in some key sources of funding. Interbank borrowing costs on the dollar rose broadly for a second str
Published 23 Jan, 2009 12:00am
Sterling stays broadly weak

Sterling stays broadly weak

Sterling slipped again on Thursday, staying near a 23-year low against the dollar on persistent concern that the UK is heading for a deep financial crisis while the economy languishes in a recession.
Published 23 Jan, 2009 12:00am
Yen and dollar buoyed in London

Yen and dollar buoyed in London

The yen and the dollar strengthened on Thursday, buoyed by their perceived safe-haven status as investors fretted about global economic heath, while sterling stayed under pressure on banking and economic woes.
Published 23 Jan, 2009 12:00am
Deutsche Post former head admits cheating the taxman

Deutsche Post former head admits cheating the taxman

The ex-head of Germany's Deutsche Post admitted tax evasion on Thursday in an scandal that fuelled public anger about "fat-cat" excesses and won tiny Liechtenstein world-wide opprobrium.
Published 23 Jan, 2009 12:00am
South Africa to host regional summit on Zimbabwe

South Africa to host regional summit on Zimbabwe

South Africa will host a special regional summit on Monday to discuss the crisis in Zimbabwe, officials said on Thursday. The summit follows the failure of talks earlier this week to bridge the divide between Zimbabwean President Robert Mugabe and Morgan
Published 23 Jan, 2009 12:00am
Asian bond spreads narrow

Asian bond spreads narrow

Asian bond spreads narrowed on Thursday as Wall Street's gains overnight helped lift sentiment but the deteriorating economies of China and South Korea continued to worry investors. Purchases by the chief executives of Bank of America and J.P. Morgan Chas
Published 23 Jan, 2009 12:00am
Asian bond spreads narrow

Asian bond spreads narrow

Asian bond spreads narrowed on Thursday as Wall Street's gains overnight helped lift sentiment but the deteriorating economies of China and South Korea continued to worry investors. Purchases by the chief executives of Bank of America and J.P. Morgan Chas
Published 23 Jan, 2009 12:00am
European credit spreads move tighter

European credit spreads move tighter

European credit indexes moved tighter on Thursday on the back of some strong results and hopes for a comprehensive US bank rescue plan, while the primary issuance market continued to flourish. By 1542 GMT, the investment-grade Markit iTraxx Europe index w
Published 23 Jan, 2009 12:00am
European credit spreads move tighter

European credit spreads move tighter

European credit indexes moved tighter on Thursday on the back of some strong results and hopes for a comprehensive US bank rescue plan, while the primary issuance market continued to flourish. By 1542 GMT, the investment-grade Markit iTraxx Europe index w
Published 23 Jan, 2009 12:00am
Indian shares up

Indian shares up

Indian shares rose 0.39 percent on Thursday on improved global sentiment and strong quarterly earnings growth from top local mobile phone firm Bharti Airtel, dealers said. The benchmark 30-share Sensex index added 36.47 points to 8,813.84. "Strong earning
Published 23 Jan, 2009 12:00am
FTSE falls for fourth day

FTSE falls for fourth day

Britain's top share index fell for a fourth straight session on Thursday as weakness in telecoms led by Vodafone and BT Group outweighed gains in energy stocks and beaten-down banks. The FTSE 100 closed down 7.65 points, or 0.2 percent, at 4,052.23.
Published 23 Jan, 2009 12:00am
New York cotton futures end higher

New York cotton futures end higher

Cotton futures closed higher Thursday on technically inspired investor buying as the market bucked weakness in other financial exchanges, brokers said. The key March cotton contract increased 1.70 cents to close at 48.93 cents per lb, trading from 47.12 t
Published 23 Jan, 2009 12:00am
US copper down

US copper down

Copper lost close to 5 percent of its value in New York futures trade on Wednesday as sentiment soured across the broader base metals complex due to bearish inventory flows and dismal demand prospects. Copper for March delivery plunged 7.10 cents, or 4.7
Published 23 Jan, 2009 12:00am
Shanghai copper, zinc retreat

Shanghai copper, zinc retreat

London metals futures pared early gains while Shanghai prices fell as much as 5 percent on Thursday as worries about the parlous state of the world economy weighed on sentiment after a start-of-the-year rally.
Published 23 Jan, 2009 12:00am
Aluminium hits 5-3/4 year low; copper falls

Aluminium hits 5-3/4 year low; copper falls

Copper eased 4.2 percent on Thursday and aluminium prices hit their lowest since April 2003 as weak economic data from China and the United Stated worsened the gloomy demand outlook. Sluggish copper prices dragged zinc 5.1 percent down at one point and ti
Published 23 Jan, 2009 12:00am
World oil rises

World oil rises

Oil prices rose on Thursday as hopes that the White House would move quickly on an economic stimulus package outweighed flagging demand and rising inventories in the world's top consumers. US crude settled 12 cents higher at $43.67 a barrel, after falling
Published 23 Jan, 2009 12:00am
London cocoa falls

London cocoa falls

Cocoa futures in London ended slightly lower on Thursday as profit-taking helped to stall the market's advance which had earlier taken prices to the highest levels in more than 23 years. Arabica coffee prices on ICE rose to a two-month peak while sugar ea
Published 23 Jan, 2009 12:00am
Gold slips in Europe

Gold slips in Europe

Gold eased 1 percent on Thursday as the precious metal struggled to maintain its recent gains in the face of a firmer dollar versus the euro, with an early bounce in European stock markets also pressuring prices. Spot gold was quoted at $848.80/850.80 an
Published 23 Jan, 2009 12:00am
US MIDDAY: cocoa down, coffee up

US MIDDAY: cocoa down, coffee up

US cocoa futures reversed lower in early trade on Thursday, pressured by the weak pound against the dollar, while arabica coffee futures briefly tapped a 2-1/2-month high on chart-based dealings, traders said. Arabica coffee for March delivery up 0.70 cen
Published 23 Jan, 2009 12:00am
US MIDDAY: soybeans, corn and wheat fall

US MIDDAY: soybeans, corn and wheat fall

Soyabean futures opened lower at the Chicago Board of Trade early on Thursday on pressure from downturns in the crude oil and stock markets, traders said. At 9:34 am CST (1534 GMT), the CBOT March soyabean futures contract was down 10-1/2 cents at $10.10
Published 23 Jan, 2009 12:00am
US MIDDAY: sugar declines

US MIDDAY: sugar declines

Raw sugar futures on ICE Futures US at 1339 GMT. March raw sugar contract declined 0.12 cent to 12.48 cents per lb. Trading 12.45 to 12.67 cents. Volume at 9,353 lots. Modest sales by small investors, said dealers.
Published 23 Jan, 2009 12:00am
US MIDDAY: copper down

US MIDDAY: copper down

US copper futures steadied at slightly lower levels early Thursday after prices broke below key technical support in response to weaker-than-expected housing and employment data. Copper for March delivery fell 1.70 cent to $1.4165 a lb by 10:37 am EST (15
Published 23 Jan, 2009 12:00am
US MIDDAY: gold rises

US MIDDAY: gold rises

US gold futures rose Thursday as jittery investors stirred by bank problems soaked up physical bullion, and the metal continued to outperform other asset classes despite a stronger dollar and falling crude oil. Gold for February delivery gained $9.40, or
Published 23 Jan, 2009 12:00am
Flour quota of sasta tandoor cancelled

Flour quota of sasta tandoor cancelled

DCO Qazi Ashfaq on Thursday cancelled the subsidised flour quota for the sasta tandoor (oven) of Rana Hotel in Mian Channu. The proprietor was found selling the bread at the rate of Rs 3 instead of Rs 2. Sasta tandoors are supplied subsidised wheat flour
Published 23 Jan, 2009 12:00am
PHSADC training on arms export procedures held

PHSADC training on arms export procedures held

Pakistan Hunting and Sports Arms Development Company (PHSADC) arranged a training workshop on export procedures for arm dealers from Peshawar and Darra Adam Khel. 'The objective of the training workshop was to apprise of the arm dealers about technical an
Published 23 Jan, 2009 12:00am
PAL chairman grieved

PAL chairman grieved

Pakistan Academy of Letters (PAL) Chairman Fakhar Zaman has expressed his deep sorrow over the passing away of eminent intellectual, journalist and former chairman of Department of Mass Communication, University of Punjab, Professor Dr Miskeen Hijazi. Cha
Published 23 Jan, 2009 12:00am
Canals water flow resumption delayed

Canals water flow resumption delayed

Resumption of water flow in canals is delayed until January 31, and the load shedding would continue for another few weeks in the country, said the sources in Pakistan Electric Power Company (PEPCO) on Thursday. It may be noted that canals were scheduled
Published 23 Jan, 2009 12:00am
Jetro to further promote SME sector in country

Jetro to further promote SME sector in country

Small and Medium Enterprise (SME) sector in the country is playing an important role in the development of national economy as this sector has about 90 percent share in private industrial enterprises, provides jobs to 78 percent non-agriculture labour for
Published 23 Jan, 2009 12:00am
'Enhanced vegetable yield to help alleviate rural poverty'

'Enhanced vegetable yield to help alleviate rural poverty'

Agriculture scientists and experts at a daylong conference here on Thursday stressed the need for pragmatic and focused research, while describing the organic farming as most viable option for enhancing export quality vegetable yield to help alleviate rur
Published 23 Jan, 2009 12:00am
War on terror

War on terror

The need for redefining the war on terror is being stressed despite the historically established fact that irrespective of the change in the faces in the White House after four years, the American policies on the whole continue with slight more or less em
Published 23 Jan, 2009 12:00am
Obama versus Osama

Obama versus Osama

A new player has entered the world stage, but his nemesis has been around for quite a while. Who dominates the news from now on, remains to be seen. But one thing is clear - the contest henceforth will not only be confined to brute force on the battlegrou
Published 23 Jan, 2009 12:00am
Awful prison conditions in Liberia lead to jailbreaks

Awful prison conditions in Liberia lead to jailbreaks

When over 200 prisoners broke out of Monrovia Central Prison just before Christmas, some may have felt that the inmates, many of them on remand, were justified in their actions. The prison system in Liberia, which is still recovering from a 14-year civil
Published 23 Jan, 2009 12:00am
Siege from within - II

Siege from within - II

It may be objected that it is practically socially impossible to allow so many individuals to live like that save at the expense of social harmony and peace. That may be so! However, first there is morality and then there is law that takes care of the dif
Published 23 Jan, 2009 12:00am
The need for transparency

The need for transparency

Resentment is rife about certain aspects of the government plan to set up wind power projects in Thatta district's Gharo wind corridor. That came out clearly at a special event, 'Public Hearing', held at Jhimpir the other day where the Sindh Minister for
Published 23 Jan, 2009 12:00am
Wait for SBP to speak

Wait for SBP to speak

It was a surprising to read the Federal Information Minister Sherry Rehman's media briefing on the Federal Cabinet held last Wednesday. According to her, the cabinet has "decided not to increase interest rates further in the wake of slight deceleration in
Published 23 Jan, 2009 12:00am
Don't go to Davos Mr Prime Minister

Don't go to Davos Mr Prime Minister

Prime Minister Yousuf Raza Gilani has announced his decision to attend the World Economic Forum (WEF) at Davos, an annual event held end January to early February, and is attended by not only heads of government and finance ministers but also by Chief Exe
Published 23 Jan, 2009 12:00am
Essay writing

Essay writing

The provincial level of all competitions of Chief Minister Punjab essay writing of all categories would be held on January 24, 2009. In the competition position holders at division level would participate. The competitions would be held at 49-a, Lawrence
Published 23 Jan, 2009 12:00am
CCPO awards cash prizes to officials

CCPO awards cash prizes to officials

Capital City Police Officer (CCPO), Muhammad Pervez Rathore has distributed cash prizes and commendatory certificates to the police officials of Choki Sundar for nabbing criminals. According to details, Rafaqat Ali along with his driver Muhammad Akram, hi
Published 23 Jan, 2009 12:00am
Turkish police detain 30 more in coup probe

Turkish police detain 30 more in coup probe

Turkish police arrested 30 people, including army officers and a police chief, in a nation-wide sweep on Thursday for suspects in an alleged coup plot that has rattled markets and fuelled tensions with the army. Eight active army officers and nine police,
Published 23 Jan, 2009 12:00am
Doctors' arrest: LHC takes suo motu notice

Doctors' arrest: LHC takes suo motu notice

The Lahore High Court while taking suo motu notice against arrest of doctors directed Punjab chief secretary, Inspector General Police Punjab, and Lahore Capital City Police Office to appear in person before the court on Friday.
Published 23 Jan, 2009 12:00am
Financial support to 1.4 million families dispatched

Financial support to 1.4 million families dispatched

Chairman Task Force for essential items and administrator Punjab food support programme S A Hameed said here on Thursday that money orders of fifth instalment of financial support to 1.4 million deserving families have been dispatched. He was talking to p
Published 23 Jan, 2009 12:00am
Government urged to chalk out transparent sugar policy

Government urged to chalk out transparent sugar policy

Kisan Board Pakistan (KBP) has urged the government to chalk out a clear and transparent sugar policy in consultation with all stakeholders to ensure timely payment to farmers. Kisan Board President Sardar Zafar Hussain Khan said here on Thursday that the
Published 23 Jan, 2009 12:00am
JWP not against uplift projects: Sasooli

JWP not against uplift projects: Sasooli

The Central General Secretary of the Jamhoori Wattan Party (JWP) (AALI), Abdul Rauf Khan Sasooli said that his party is not against development projects in the province but it would be in the interest of the people of the Balochistan that these project sh
Published 23 Jan, 2009 12:00am
Leader must have ability of high thinking, honesty: Imran

Leader must have ability of high thinking, honesty: Imran

Chairman Pakistan Tehrik-e-Insaf (PTI) Imran Khan on Thursday said that students are the future of any nation. Addressing a seminar, organised by the Insaf Student Federation (ISF) of the Wifaq Urdu University, Imran Khan said that to lead a nation the le
Published 23 Jan, 2009 12:00am
Exhibition of Indian films: LHC issues notices to PCBFC, DAG

Exhibition of Indian films: LHC issues notices to PCBFC, DAG

Lahore High Court issued notices to Chairman Pakistan Central Board of Film Censors (PCBFC) and Deputy Attorney General for January 26 in identical petitions filed by Pakistani film producers, importers, exporters, distributors and cinema owners to become
Published 23 Jan, 2009 12:00am
Elahi raps opponents of unity of Muslim League

Elahi raps opponents of unity of Muslim League

The Pakistan Muslim League-Q believes that the people, who have rejected the offer of unity of Muslim League, will repent on lying off their thinking. PML-Q central leader and former Punjab Chief Minister Chaudhry Pervaiz Elahi said this while addressing
Published 23 Jan, 2009 12:00am
US embassy delegation meets UVAC vice chancellor

US embassy delegation meets UVAC vice chancellor

A delegation of the US Embassy, Islamabad led by its Agricultural Attaché, Joseph R Carrol called on the Vice Chancellor, University of Veterinary and Animal Sciences (UVAS) Lahore, Professor Dr Muhammad Nawaz on Thursday and discussed the areas of collab
Published 23 Jan, 2009 12:00am
NICS to start series of art workshops today

NICS to start series of art workshops today

The National Institute of Cultural Studies (NICS) will start a series of art workshops here from today (Friday). The courses for these workshops include pottery painting, fabric and glass painting, screen and block printing, jewellery, bags and belts desi
Published 23 Jan, 2009 12:00am
Tube well feeders: Pepco supplying power on priority

Tube well feeders: Pepco supplying power on priority

Pakistan Electric Power Company (Pepco) is supplying power to 400 predominantly agriculture tube well feeders on priority to meet the irrigation need of wheat crop. Pepco sources said the power load on these 400 feeders ranges between 400-1200MW. The prev
Published 23 Jan, 2009 12:00am
Cheaper roti will be available to masses in future: chief minister

Cheaper roti will be available to masses in future: chief minister

Chief Minister of Punjab Muhammad Shahbaz Sharif here on Thursday said that under a broader strategy availability of cheaper roti would be available to masses in future. He said this provision is guaranteed to people affected by hunger and poverty, who we
Published 23 Jan, 2009 12:00am
'People want restoration of judges not employees'

'People want restoration of judges not employees'

Pakistan Muslim League (PML-N) Punjab Vice-President Malik Muhammad Afzal Khokhar MNA has described as wrong and unwise the decision of the government reinstating those government employees who were removed between 1996 and 1998. Khokhar said here on Thur
Published 23 Jan, 2009 12:00am
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