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Apr 27, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2009-04-26
HBL posts Rs 3.384 billion net profit in first quarter

HBL posts Rs 3.384 billion net profit in first quarter

Habib Bank Limited (HBL) has posted Rs 3.384 billion as profit after tax in the quarter ended March 31, 2009 as compared to Rs 4.267 billion earned in the corresponding period in 2008. The board of directors of the bank in its meeting held here on Friday
Published 26 Apr, 2009 12:00am
Wattoo to inaugurate iron & steel conference

Wattoo to inaugurate iron & steel conference

First Iron & Steel Conference will be held on April 29 at a local hotel in Lahore. Federal Minister for Industries & Production Mian Manzoor A. Wattoo will inaugurate the conference.
Published 26 Apr, 2009 12:00am
Punjab targets six million tonnes of wheat procurement

Punjab targets six million tonnes of wheat procurement

Punjab government has set a six-million tonnes target of wheat and chief minister ordered officials to buy it before May 31. Talking to private tv channel, the provincial food minister, Malik Kamran Nadeem, disclosed that 861,593 metric tonnes of wheat we
Published 26 Apr, 2009 12:00am
Nara, Jamrao canals project: PAC takes notice of Rs 174.509 million loss

Nara, Jamrao canals project: PAC takes notice of Rs 174.509 million loss

The sub committee of Public Accounts Committee (PAC) of the National Assembly on Saturday took serious notice of Rs 174.509 million loss due to improper implementation of Nara and Jamrao Canals project by Wapda in 2005-06. The committee directed the Water
Published 26 Apr, 2009 12:00am
Canadian dollar higher

Canadian dollar higher

The Canadian dollar rose on Friday, lifted by a rally in global equities and commodity prices, and on momentum from this week's Bank of Canada policy announcements. North American stock markets rose on Friday, helped in part by better than expected corpor
Published 26 Apr, 2009 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm
Published 26 Apr, 2009 12:00am
Your rupee last quarter

Your rupee last quarter

Following currency fluctuations took place in foreign exchange rates during the last quarter. (January 2 to March 31, 2009)

Published 26 Apr, 2009 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 26 Apr, 2009 12:00am
US Midwest soyabean bids steady to firm

US Midwest soyabean bids steady to firm

Spot basis bids for soyabeans were steady to firm around the US Midwest on Friday while corn bids were mostly unchanged, grain dealers said. Farmer selling of both commodities was light although some growers who were unable to plant due to wet conditions
Published 26 Apr, 2009 12:00am
FOB Gulf soya firm

FOB Gulf soya firm

US soyabean export premiums at the Gulf of Mexico were steady to firmer on Friday supported by higher CIF barge values, although there was an absence of fresh export demand for old-crop soyabeans, traders said. Demand from China, the top buyer of old- and
Published 26 Apr, 2009 12:00am
Corn extends gains on planting woes, wheat steady

Corn extends gains on planting woes, wheat steady

Chicago corn futures rose on Friday, extending gains as wet weather in the United States is likely to delay sowing further and may shift some acres to soyabeans. But gains in the corn market, which is recovering from a five-week low hit on Monday, were mu
Published 26 Apr, 2009 12:00am
US corn futures end lower

US corn futures end lower

US corn futures closed lower on Friday on profit-taking ahead of the weekend and following the strong rally on Thursday due to wet US weather that is slowing corn plantings. CBOT May was down 4 cents at $3.77 per bushel. Funds sold 4,000 lots. Traders sai
Published 26 Apr, 2009 12:00am
KCBT wheat futures end higher

KCBT wheat futures end higher

Hard red winter wheat futures on the Kansas City Board of Trade ended higher on Friday with firmer outside markets adding support to a market already keyed to bullish spring wheat seeding delays. The KCBT May ended up 2-1/4 cents at $5.86-1/4 per bushel a
Published 26 Apr, 2009 12:00am
Nigeria grain output seen up five percent

Nigeria grain output seen up five percent

Following are selected highlights from a report issued by a US Department of Agriculture attache in Nigeria: "Nigeria's aggregate grain production in MY 2009/10 is forecast to increase five percent.
Published 26 Apr, 2009 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 56,368 tonnes of cargo including 41,680 tonnes of import and 14,688 tonnes of export, 635 loaded and empty containers (TEUs) during last 24 hours ending at 0700 hours on Saturday. The freights comprised of 53,568 tonnes of dry car
Published 26 Apr, 2009 12:00am
Canadian canola acres to fall, wheat steady: Statscan

Canadian canola acres to fall, wheat steady: Statscan

Farmers in Canada, the world's largest exporter of canola, plan to seed less of the oilseed this year, surprising grain analysts and traders who were expecting a second consecutive year of record plantings.
Published 26 Apr, 2009 12:00am
Moderate trading continues on cotton market

Moderate trading continues on cotton market

Moderate improvement was seen in the mills' buying on the cotton market on Saturday though ginners did not lower the asking prices, dealers said. The official spot rate was at its overnight level at Rs 3550. The supply of Phutti was minimising in Sindh an
Published 26 Apr, 2009 12:00am
Gram prices lower on grain market

Gram prices lower on grain market

Moderate business was seen on the grain market on Saturday as the number of buyers increased due to the lower prices, dealers said.
Published 26 Apr, 2009 12:00am
India to see record 2009-2010 cotton crop

India to see record 2009-2010 cotton crop

Increases to the planted area along with expected higher yields are slated to push India's cotton output to record levels during 2009/10, a US Department of Agriculture attache said on Friday. An 8.7 percent boost in production will bring the 2009/10 cott
Published 26 Apr, 2009 12:00am
US copper recovers

US copper recovers

US copper futures ended firmer Friday, with a weaker dollar and stronger tone in equities enabling prices to recover from near three-week lows and consolidate from a sharp downward correction this week. Copper for July delivery gained 5.90 cents, or nearl
Published 26 Apr, 2009 12:00am
US gold futures higher

US gold futures higher

US gold futures ended higher on Friday after China said its gold reserves have risen sharply, prompting fresh investment flows by funds into the yellow metal. GOLD: Gold for June delivery settled up $7.50 at $914.10 an ounce on the COMEX division of New Y
Published 26 Apr, 2009 12:00am
Asian oil premium? almost gone, no coming back

Asian oil premium? almost gone, no coming back

For decades, Middle East oil producers have had their Asian customers over a barrel: With few alternatives to Gulf crude and little bargaining power, they paid up to $6 more for their oil than US or European refiners. But the rapid expansion of Chinese an
Published 26 Apr, 2009 12:00am
US rice futures end lower

US rice futures end lower

US rice futures on the Chicago Board of Trade ended lower on Friday as the market kept within recent ranges amid quiet demand, traders said. CBOT May closed 6-1/2 cents down at $12.86-1/2 per hundredweight. July ended 12 lower at $12.98. Volume was modera
Published 26 Apr, 2009 12:00am
Asian rice prices fall

Asian rice prices fall

An announcement that the Thai government is to sell some of its huge rice stocks, and a bumper crop in Vietnam, have raised fears about increasing supplies and pushed prices down, exporters said on Wednesday. Thailand's benchmark 100 percent B grade white
Published 26 Apr, 2009 12:00am
Australia seen planting less wheat this year

Australia seen planting less wheat this year

Australian farmers are likely to plant slightly fewer acres with wheat this year if dry weather persists in the south-east of the continent, Rabobank said in a report released on Thursday. The Dutch bank, which focuses on agriculture, said smaller plantin
Published 26 Apr, 2009 12:00am
US soybean futures rise

US soybean futures rise

US soybean futures on the Chicago Board of Trade ended firm on Friday, with the new-crop months gaining amid extended Midwest drier forecasts for mid-to-late May which could improve corn planting prospects, traders said. If the Midwest turns clear in May
Published 26 Apr, 2009 12:00am
China warns over high soya

China warns over high soya

China's commerce ministry warned on Friday about potential risks as China's soyabean and rapeseed imports in April approach record levels. The large imports may cause an oversupply in the country because harvesting is about to begin for the new domestic r
Published 26 Apr, 2009 12:00am
New York sugar finishes at seven-month peak

New York sugar finishes at seven-month peak

Raw sugar futures settled Friday at a 7-month top on chart-based investment fund buying and anticipated Indian imports, with brokers saying the market could use the momentum to rally into next week, brokers said. The July sugar contract surged 0.51 cent,
Published 26 Apr, 2009 12:00am
New York oil price climbs, gold breaches 900 dollars

New York oil price climbs, gold breaches 900 dollars

New York crude oil prices charged higher last week, winning support from resurgent equity markets and the flagging US currency, while gold burst back above 900 dollars per ounce. The weak greenback stimulated demand for dollar-priced commodities because i
Published 26 Apr, 2009 12:00am
World Bank triples funds for healthcare amid crisis

World Bank triples funds for healthcare amid crisis

The World Bank is set to triple healthcare spending in developing countries to $3.1 billion this year amid signs governments are cutting funding in the midst of a global economic crisis. A new World Bank report said it would increase its healthcare fundin
Published 26 Apr, 2009 12:00am
Chrysler reaches agreement with Canadian workers union

Chrysler reaches agreement with Canadian workers union

US automaker Chrysler have reached agreement on pay and benefits with its unionised Canadian workers, opening the path to financial assistance from authorities in Ottawa. Chrysler should save about 240 million dollars a year with the help of this agreemen
Published 26 Apr, 2009 12:00am
Obama urges new cost-saving initiatives

Obama urges new cost-saving initiatives

US President Barack Obama on Saturday urged workers and business to come up with creative and wide-ranging ways to cut budgets and reduce costs ahead of a forum on government reform. Speaking to Americans in his weekly radio address, the president said th
Published 26 Apr, 2009 12:00am
Regulators close four banks and a credit union

Regulators close four banks and a credit union

US bank regulators on Friday closed four banks and one credit union as the recession took its toll on financial institutions. "The FDIC has been consistent in our public statements that there will be an increase in activity in bank failures over the cours
Published 26 Apr, 2009 12:00am
US sketches out bank tests, more capital needed

US sketches out bank tests, more capital needed

The United States broadly outlined how it "stress tested" the health of the country's top 19 banks on Friday, but disappointed investors who were looking for more details of how stringent the tests were. The Federal Reserve said banks would need to hold s
Published 26 Apr, 2009 12:00am
EU plans 'ambitious' financial sector reform: Almunia

EU plans 'ambitious' financial sector reform: Almunia

The European Union plans ambitious reform of the financial sector this year to address the failings that led to the current global crisis, EU Economic Affairs Commissioner Joaquin Almunia said Saturday. "The crisis has exposed unacceptable weaknesses in t
Published 26 Apr, 2009 12:00am
India's ICICI fourth quarter net falls

India's ICICI fourth quarter net falls

India's ICICI Bank posted a 35.3 percent fall in quarterly profit on Saturday hurt by slowing loan growth, and said it expects moderate loan growth this year. ICICI's net profit fell to 7.44 billion rupees ($149.4 million) in its fiscal fourth quarter end
Published 26 Apr, 2009 12:00am
India's ICICI fourth quarter net falls

India's ICICI fourth quarter net falls

India's ICICI Bank posted a 35.3 percent fall in quarterly profit on Saturday hurt by slowing loan growth, and said it expects moderate loan growth this year. ICICI's net profit fell to 7.44 billion rupees ($149.4 million) in its fiscal fourth quarter end
Published 26 Apr, 2009 12:00am
China postal law revision seen eroding competition

China postal law revision seen eroding competition

China's parliament has revised the nation's postal law in a move that will ban foreign delivery companies from handling domestic express mail, state press reported Saturday. The revised law was passed by the National's People's Congress on Friday despite
Published 26 Apr, 2009 12:00am
Gulf Opec nations want output policy to help support world economy

Gulf Opec nations want output policy to help support world economy

Opec Middle East oil producers said on Saturday they wanted oil output policy to help support world economic recovery. A month ahead of the next Organisation of the Petroleum Exporting Countries, oil ministers from Saudi Arabia, Kuwait and Qatar showed no
Published 26 Apr, 2009 12:00am
China buys half interest in Kazakh energy firm

China buys half interest in Kazakh energy firm

The rivalry between Russia and the West for Central Asia's energy resources has generated headlines. But it's Chinese companies that have been snapping up assets in the region. State-owned China National Petroleum Corp is acquiring joint ownership of Kaza
Published 26 Apr, 2009 12:00am
Turkey hopeful of IMF deal soon

Turkey hopeful of IMF deal soon

Turkey's Economy Minister said late on Friday that Turkey was working with the International Monetary Fund on a 3-year stand-by accord and he hoped a deal could be struck soon, state-run news agency Anatolian reported. Mehmet Simsek was speaking after arr
Published 26 Apr, 2009 12:00am
Doha round relaunch awaits US: Lamy

Doha round relaunch awaits US: Lamy

A renewed push to finish long-running world trade talks cannot begin until the United States is ready to engage, the head of the World Trade Organisation said on Friday. Completing the Doha round of talks would help pull the global economy out of recessio
Published 26 Apr, 2009 12:00am
US reporter in Iranian prison on hunger strike: father

US reporter in Iranian prison on hunger strike: father

US-Iranian reporter Roxana Saberi, who has been handed an eight-year jail sentence on charges of espionage, has been on hunger strike for the past five days, her father told AFP on Saturday. "She has started (a hunger strike) and today is the fifth day,"
Published 26 Apr, 2009 12:00am
18 dead in south-west China bus crash

18 dead in south-west China bus crash

Eighteen people were killed and 22 injured when a tourist bus was hit by a truck in south-west China early on Saturday, state press said. The accident in Yunnan province happened when the truck smashed into the back of the passenger bus, flipping it over
Published 26 Apr, 2009 12:00am
China to drive Australia military upgrade

China to drive Australia military upgrade

China's growing military strength and strategic competition among Asia's great powers will drive a huge upgrade of Australia's military in a new defence blueprint, a newspaper report said on Saturday. Australian defence planners will next week outline a A
Published 26 Apr, 2009 12:00am
Three charged in Turkey coup probe

Three charged in Turkey coup probe

An Istanbul court on Saturday charged one former and two serving navy officers in connection with a cache of weapons thought to be linked to an alleged plot to overthrow Turkey's Islamist-rooted government, the Anatolia news agency reported.
Published 26 Apr, 2009 12:00am
Bangladesh blacklists 12 militant outfits

Bangladesh blacklists 12 militant outfits

Authorities in Bangladesh have asked intelligence agencies to closely monitor activities of 12 suspected militant outfits running so-called Islamic activities in the predominately Muslim South Asian country, media reports said Saturday.
Published 26 Apr, 2009 12:00am
Lebanon arrests three more Israel 'spies'

Lebanon arrests three more Israel 'spies'

Lebanese authorities arrested three people on suspicion of spying for Israel on Saturday, the latest in a series of such arrests, a security official said. He linked the suspects - two Lebanese and a Palestinian - to a retired general who was charged on T
Published 26 Apr, 2009 12:00am
Iceland votes, left eyes win amid economic crisis

Iceland votes, left eyes win amid economic crisis

Icelanders voted on Saturday in an election likely to give a historic win to the minority centre-left caretaker government that stepped in after protests over an economic crisis toppled the previous administration. If the Social Democrat/Left-Green allian
Published 26 Apr, 2009 12:00am
Out Look: US stocks face stress tests

Out Look: US stocks face stress tests

US stocks may run into some turbulence next week as the impending release of bank "stress test" results, a Federal Reserve meeting and a flood of earnings will give investors some reasons for caution. While investors have been heartened by a recent flurry
Published 26 Apr, 2009 12:00am
Mexican stocks surge

Mexican stocks surge

Mexican stocks surged on Friday, boosted by reassuring earnings reports and data in the United States despite news a deadly flu strain never seen before has broken out in Mexico. Gains in stocks came even as the World Health Organisation warned of a deadl
Published 26 Apr, 2009 12:00am
Chile stocks slightly firmer

Chile stocks slightly firmer

Chilean shares were slightly firmer in Friday afternoon trade as investors looked to local quarterly company earnings due out next week, while the peso closed weaker, traders said. The IPSA leading share index was 0.04 percent firmer at 2,681 points while
Published 26 Apr, 2009 12:00am
China bill and bond yield up

China bill and bond yield up

Chinese bill and bond yields mostly rose on Thursday after the central bank conducted a sizeable weekly net drain of 26 billion yuan in its regular open market operations, the third straight week of net drains of funds. But bill yields are not expected to
Published 26 Apr, 2009 12:00am
China bill and bond yield up

China bill and bond yield up

Chinese bill and bond yields mostly rose on Thursday after the central bank conducted a sizeable weekly net drain of 26 billion yuan in its regular open market operations, the third straight week of net drains of funds. But bill yields are not expected to
Published 26 Apr, 2009 12:00am
US corporate bond spreads tightening trend

US corporate bond spreads tightening trend

US corporate bond spreads narrowed on Friday, helped by better-than-expected first-quarter earnings and hopes that government stress tests will not show unanticipated problems at major banks. The main index of investment-grade credit default swaps tighten
Published 26 Apr, 2009 12:00am
US corporate bond spreads tightening trend

US corporate bond spreads tightening trend

US corporate bond spreads narrowed on Friday, helped by better-than-expected first-quarter earnings and hopes that government stress tests will not show unanticipated problems at major banks. The main index of investment-grade credit default swaps tighten
Published 26 Apr, 2009 12:00am
Despite recent deals, IPO pipeline thins out

Despite recent deals, IPO pipeline thins out

For all the talk of a renascent market for initial public offerings following five successful deals, there are fewer companies in the pipeline. April has seen a flurry of IPOs by Chinese video game maker Changyou.com Ltd, language software maker Rosetta S
Published 26 Apr, 2009 12:00am
Korean treasury bonds jump

Korean treasury bonds jump

South Korean government bond prices soared on Friday, buoyed by hopes for parliament to approve a tax incentive bill for bonds next week. The bill to exempt foreign investors from income taxes on bond investment was passed by a parliamentary panel earlier
Published 26 Apr, 2009 12:00am
Korean treasury bonds jump

Korean treasury bonds jump

South Korean government bond prices soared on Friday, buoyed by hopes for parliament to approve a tax incentive bill for bonds next week. The bill to exempt foreign investors from income taxes on bond investment was passed by a parliamentary panel earlier
Published 26 Apr, 2009 12:00am
US Treasury debt tumble

US Treasury debt tumble

US Treasury debt prices fell Friday as higher stocks nipped any safe-haven bidding for government debt, while investors worried about the price impact of a spate of debt supply next week. Benchmark yields briefly rose to 3.00 percent for the first time si
Published 26 Apr, 2009 12:00am
US Treasury debt tumble

US Treasury debt tumble

US Treasury debt prices fell Friday as higher stocks nipped any safe-haven bidding for government debt, while investors worried about the price impact of a spate of debt supply next week. Benchmark yields briefly rose to 3.00 percent for the first time si
Published 26 Apr, 2009 12:00am
Brazil stocks rise

Brazil stocks rise

Brazilian stocks rose for a third straight day on Friday, led by gains in commodity giants Petrobras and Vale, while the national currency rose more than 1 percent. Sao Paulo's main stock index, the Bovespa gained 1.28 percent to 46,389 points as Wall Str
Published 26 Apr, 2009 12:00am
JGB futures edge down

JGB futures edge down

Japanese government futures edged down on Friday after hitting a three-week high the previous day, but losses were limited as stock market falls underpinned debt prices. JGBs were subdued and stayed in narrow ranges despite month-end buying by investors w
Published 26 Apr, 2009 12:00am
JGB futures edge down

JGB futures edge down

Japanese government futures edged down on Friday after hitting a three-week high the previous day, but losses were limited as stock market falls underpinned debt prices. JGBs were subdued and stayed in narrow ranges despite month-end buying by investors w
Published 26 Apr, 2009 12:00am
Toronto stock lifts to five-month high

Toronto stock lifts to five-month high

Toronto's main stock index rose to its highest level in more than five months on Friday, and scored its seventh straight week of gains, as rising oil and gold prices powered commodity-related issues higher. The index's mining-heavy materials group rose 4.
Published 26 Apr, 2009 12:00am
Canadian bond prices lower

Canadian bond prices lower

With no major domestic economic data, bond prices were lower on Friday as money flowed to equity markets and as US treasuries slipped on looming supply next week. The two-year Canada bond was down 1 Canadian cent at C$100.53 to yield 0.993 percent, while
Published 26 Apr, 2009 12:00am
Canadian bond prices lower

Canadian bond prices lower

With no major domestic economic data, bond prices were lower on Friday as money flowed to equity markets and as US treasuries slipped on looming supply next week. The two-year Canada bond was down 1 Canadian cent at C$100.53 to yield 0.993 percent, while
Published 26 Apr, 2009 12:00am
Emerging market stock gains

Emerging market stock gains

Emerging markets rose in tandem with developed markets on Friday, with investors taking note of better-than-expected US corporate results and economic data. US government data showed durable goods orders slipped in March, but fell far less than Wall Stree
Published 26 Apr, 2009 12:00am
Emerging market stock gains

Emerging market stock gains

Emerging markets rose in tandem with developed markets on Friday, with investors taking note of better-than-expected US corporate results and economic data. US government data showed durable goods orders slipped in March, but fell far less than Wall Stree
Published 26 Apr, 2009 12:00am
Wall Street rallies by corporate earnings

Wall Street rallies by corporate earnings

US stocks rallied on Friday as earnings showed companies have weathered the recession and economic data raised hopes the economic cycle may have hit a bottom. Investors were also undeterred by a government release of a much anticipated concept paper on st
Published 26 Apr, 2009 12:00am
Brazil real firms

Brazil real firms

Brazilian stocks rallied to their highest close in more than six months on Friday, as optimism about the world's largest economy boosted appetite for riskier assets and lifted the national currency. Brazil's national currency, the real, strengthened 1.26
Published 26 Apr, 2009 12:00am
Brazil's benchmark inflation quickens

Brazil's benchmark inflation quickens

Inflation in Brazil quickened in the month to mid-April as prices of cooking gas, cigarettes and housekeeping services surged, government data showed on Friday. The benchmark IPCA consumer price index rose 0.36 percent in the month-long period through mid
Published 26 Apr, 2009 12:00am
Ukraine central bank plans intervention

Ukraine central bank plans intervention

Ukraine's central bank said on Friday it would intervene on the interbank market on Monday and hold auctions on April 29 and May 6. The bank said it would sell dollars at 7.9 hryvnias and buy them at 7.7 on Monday, rates unchanged for more than two months
Published 26 Apr, 2009 12:00am
Euro rises versus dollar for fourth straight session

Euro rises versus dollar for fourth straight session

The euro rose against the dollar on Friday for a fourth straight session as improved business sentiment in Germany added to hopes that the euro-zone economy may already have seen the worst of the recession. Dollar demand also faded as a stock rally lifted
Published 26 Apr, 2009 12:00am
IMM speculators increase long US dollar positions: CFTC

IMM speculators increase long US dollar positions: CFTC

Currency speculators increased their long US dollar positions in the latest week, according to data from the Commodity Futures Trading Commission on Friday. The value of the US dollar's net long position was $4.79 billion in the week ending April 21, up f
Published 26 Apr, 2009 12:00am
Suo motu actions

Suo motu actions

The honourable Chief Justice is restored. To expect one individual, no matter how determined he is, to take up and organise the whole country is virtually impossible and too much to ask for. Pakistan, like many third world countries, is and has been a vic
Published 26 Apr, 2009 12:00am
Parc develops bio-remediation technology

Parc develops bio-remediation technology

Sardar Assef Ahmed, Deputy Chairman, Planning Commission of Pakistan has said that Pakistan Agricultural Research Council's (Parc) efforts are commendable to develop bio-remediation technology which is vital for reclaiming used-water. He was speaking duri
Published 26 Apr, 2009 12:00am
Naek says Senate determined to pass laws for good governance

Naek says Senate determined to pass laws for good governance

Chairman Senate Farooq H. Naek has said that the Upper House is determined to pass laws to help in good governance as people are expecting it from the democratic government. He said this while talking to journalists at a luncheon ceremony hosted for the j
Published 26 Apr, 2009 12:00am
Negligence of Wapda: PAC panel takes notice of Rs 174.509 million loss

Negligence of Wapda: PAC panel takes notice of Rs 174.509 million loss

The sub committee of Public Accounts Committee of National Assembly has taken serious notice of Rs 174.509 million loss due to Wapda negligence in 2005-06. The sub committee in its meeting held here on Saturday with its chairman Riaz Hussain Pirzada revie
Published 26 Apr, 2009 12:00am
VRI seeks aid to prepare FMD, Brucellosis vaccines

VRI seeks aid to prepare FMD, Brucellosis vaccines

The Veterinary Research institute (VRI) Peshawar is looking for international co-operation in the preparation of preventive vaccines for Foot & Mouth Disease (FMD) and Brucellosis in livestock of the province. Director VRI, Dr Syed Nasir Shah stated this
Published 26 Apr, 2009 12:00am
PCA demonstrates against arrest of its president

PCA demonstrates against arrest of its president

The Pakistan Computer Association (PCA) on Saturday held a demonstration to protest against the arrest of President PCA Karachi Khushnood Aftab by Federal Investigation Authority (FIA) under piracy charges. The demonstrators gathered at Fazal-e-Haq Road,
Published 26 Apr, 2009 12:00am
CDGK decides to revoke 'illegal' promotions

CDGK decides to revoke 'illegal' promotions

The City District Government Karachi (CDGK), in compliance with a Sindh government's notice, has decided to cancel all promotions/up-gradations of district officers in the various departments, which had been made in violation of Sindh Local Government Ord
Published 26 Apr, 2009 12:00am
World Bank, European Commission delegation meets Sindh chief secretary

World Bank, European Commission delegation meets Sindh chief secretary

A delegation of World Bank and European Commission, led by Reema Nayar, met Sindh Chief Secretary Fazal-ur-Rehman and exchanged views regarding Sindh Education Reform Program. Additional Chief Secretary Nazar Hussain Maher, Secretary Education Rizwan Memo
Published 26 Apr, 2009 12:00am
Conference on IPO today

Conference on IPO today

Intellectual Property Organisation of Pakistan (IPO-Pakistan) is organising one day workshop cum conference here today (April 26) to mark World Intellectual Property day. "The conference will specifically focus on the menace of counterfeiting and violatio
Published 26 Apr, 2009 12:00am
Altaf lauds Kayani's statement for eradicating extremism

Altaf lauds Kayani's statement for eradicating extremism

Chief of Muttahida Qaumi Movement (MQM), Altaf Hussain hailing the statement of the Chief of Army Staff General Ashfaq Pervez Kiyani on redeeming the country from religious extremism paid tributes to him including every officer and soldier. Altaf said tha
Published 26 Apr, 2009 12:00am
Construction work on dialysis unit at DHQ Nowshera inaugurated

Construction work on dialysis unit at DHQ Nowshera inaugurated

NWFP Minister for Excise and Taxation, Liaqat Shabab has said that the present government is committed to resolve all the issues and crises inherited from the last dictatorial regime and all available resources were being utilised for this purpose. He was
Published 26 Apr, 2009 12:00am
Mirwaiz, Gilani vow to continue poll boycott campaign

Mirwaiz, Gilani vow to continue poll boycott campaign

The Chairman of All Parties Hurriyet Conference (APHC) in occupied Kashmir, Mirwaiz Umar Farooq and senior Kashmiri Hurriyet leader, Syed Ali Gilani, while terming the crackdown on Hurriyet leaders and activists undemocratic, said that they would continue
Published 26 Apr, 2009 12:00am
Cats play guitar, tap bells, ride skateboard in circus act

Cats play guitar, tap bells, ride skateboard in circus act

Reaching up with her front paws, the little white cat grabs the green pole and pulls herself upside down and backwards across the stage. She gobbles her treat then stands on her hind legs to push a toy cart after a fluffy Siamese rushes over to sit on it.
Published 26 Apr, 2009 12:00am
Polish communism contest brings laughs, memories

Polish communism contest brings laughs, memories

A rough, concrete bathtub was left behind for decades in a corner of a Warsaw backyard. The massive, uncomfortable tub was made in the Stalin era amid the Korean War and supply shortages. Like many technologies in the former Soviet-bloc, it was built for
Published 26 Apr, 2009 12:00am
An appeal

An appeal

Why TV channels gave live coverage to Maulana Abdul Aziz's release on bail, his speech to the cheerful and charged crowd and the Juma sermon? Why can't we understand such a coverage can make him the hero once again? But one thing our media can help dig ou
Published 26 Apr, 2009 12:00am
Tourists flock to crisis-stricken Iceland

Tourists flock to crisis-stricken Iceland

With Iceland's economic meltdown sending its currency into freefall, tourists who saw this remote North Atlantic island as prohibitively expensive are now flocking to its dramatic volcanic scenery. "Last year you got 60 kronur for one dollar, today you ge
Published 26 Apr, 2009 12:00am
Militancy

Militancy

The first demerit of the above regulation is its promulgation in disgraceful haste without debate by the National Assembly by all legislators with the exception of MQM and Ayaz Mir, MNA from Chakwal.
Published 26 Apr, 2009 12:00am
Is it not a joke?

Is it not a joke?

Wheat is a basic food item for the poor and the rich alike. However, for the last two years the whole nation is facing acute shortage of flour and is paying nearly double than the last year's rate.
Published 26 Apr, 2009 12:00am
Re-election of LHCBA sought

Re-election of LHCBA sought

A senior member Lahore High Court Bar Association Syed Manzoor Ali Gilani has moved a resolution demanding re-election of the bar after elevation of its president M A Shahid Siddiqui to Supreme Court of Pakistan. He contended that under the bar rules re-e
Published 26 Apr, 2009 12:00am
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