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May 12, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2009-05-31
'Changes in KESC set-up essential'

'Changes in KESC set-up essential'

'The change of faces is not likely to make any improvement in the present electricity crisis, but it is essential that major changes are made in the present policy and set up of the company.' Welcoming the appointment of Wiqar Siddiqui as the Chairman of
Published 31 May, 2009 12:00am
CDGK adds two more mega projects to corridor-III

CDGK adds two more mega projects to corridor-III

The City District Government Karachi (CDGK) has added two more mega projects in the under construction signal free corridor-III. Work on an underpass and flyover at Shahra-e-Quaideen is being executed rapidly with the addition of these projects while the
Published 31 May, 2009 12:00am
Wall Street outlook: economic optimism may trump GM bankruptcy

Wall Street outlook: economic optimism may trump GM bankruptcy

Wall Street faces a historic shake-up next week as General Motors, a pillar of American industry, heads into bankruptcy, but the market could advance further if economic data signals the worst of the recession has passed. Stocks could also get a boost if
Published 31 May, 2009 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (May 30, 2009).

Published 31 May, 2009 12:00am
Rice exports up 7.5 percent to cross $1.828 billion mark: Reap

Rice exports up 7.5 percent to cross $1.828 billion mark: Reap

Pakistan's total rice exports have increased by 7.5 percent to cross $1.828 billion mark in the first eleven months (July 2008 to May 2009) of the current fiscal year ie FY09 as compared to $1.70 billion in the corresponding period of FY08.
Published 31 May, 2009 12:00am
World currencies and dollar

World currencies and dollar

Value of the dollar in terms of other world currencies as prevailing in the week ended Saturday (May 30, 2009).

Published 31 May, 2009 12:00am
Iran hangs three over mosque bombing: Pakistan envoy summoned

Iran hangs three over mosque bombing: Pakistan envoy summoned

Iran on Saturday hanged three men in public accused of involvement in the bombing of a Shiite mosque that killed 25 people, an official said, branding them "terrorists" and "enemies of God." The early morning executions were carried out near the mosque in
Published 31 May, 2009 12:00am
SHC restores NCEL bank account

SHC restores NCEL bank account

The bank account of National Commodity Exchange Limited (NCEL) has been reactivated on Saturday as the Sindh High Court cancelled the Federal Board of Revenue (FBR) notices sent to NCEL''s bank. NCEL was issued notices for a demand of Rs 222 million incom
Published 31 May, 2009 12:00am
Iran hangs three over mosque bombing: Pakistan envoy summoned

Iran hangs three over mosque bombing: Pakistan envoy summoned

Iran on Saturday hanged three men in public accused of involvement in the bombing of a Shiite mosque that killed 25 people, an official said, branding them "terrorists" and "enemies of God." The early morning executions were carried out near the mosque in
Published 31 May, 2009 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Saturday (May 30, 2009).

Published 31 May, 2009 12:00am
SHC restores NCEL bank account

SHC restores NCEL bank account

The bank account of National Commodity Exchange Limited (NCEL) has been reactivated on Saturday as the Sindh High Court cancelled the Federal Board of Revenue (FBR) notices sent to NCEL's bank. NCEL was issued notices for a demand of Rs 222 million income
Published 31 May, 2009 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Saturday (May 30, 2009).
Published 31 May, 2009 12:00am
SHC restores NCEL bank account

SHC restores NCEL bank account

The bank account of National Commodity Exchange Limited (NCEL) has been reactivated on Saturday as the Sindh High Court cancelled the Federal Board of Revenue (FBR) notices sent to NCEL's bank. NCEL was issued notices for a demand of Rs 222 million income
Published 31 May, 2009 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Saturday (May 30, 2009).

Published 31 May, 2009 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Saturday (May 30, 2009).

Published 31 May, 2009 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Saturday (May 30, 2009).

Published 31 May, 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 31 May, 2009 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Saturday (May 30, 2009).

Published 31 May, 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 31 May, 2009 12:00am
FOB Gulf corn and soya hold steady

FOB Gulf corn and soya hold steady

US soyabean export premiums at the Gulf of Mexico were steady on Friday but down about 5 cents from a week ago as old-crop demand slowed while tight supplies helped drive spot futures to an eight-month high this week. Tight global soyabean supplies due to
Published 31 May, 2009 12:00am
Price softness, low volume persist on cotton market

Price softness, low volume persist on cotton market

Bearish trend persisted on the cotton market on Saturday as mills still on the sidelined due to lack of buying interest, dealers said. The official spot rate was unchanged Rs 3,600. In the ready business nearly 1,000 bales of cotton changed hands between
Published 31 May, 2009 12:00am
US wheat dips

US wheat dips

US wheat futures fell half a percent on Friday but are on course for their biggest monthly percentage increase in more than two years, supported by fund buying and worries over the fate of this year's spring and winter crops. Wheat futures have risen near
Published 31 May, 2009 12:00am
Grams prices turn lower on grain, seed market

Grams prices turn lower on grain, seed market

Grams prices were down on the whole sale grain and seed market on Saturday following the steady supplies from upcountry centres, dealers said. On the grams side, grams Australia was lower by Rs 100 to Rs 3,550-3,750 and gram dal Australia followed the sam
Published 31 May, 2009 12:00am
US copper hits three-week high

US copper hits three-week high

US copper futures rallied to a three-week high early on Friday as the dollar dove against the euro and economic optimism remained upbeat after a batch of data suggested the global recession may be easing. Copper for July delivery was trading up 5.00 cents
Published 31 May, 2009 12:00am
US gold rises above $980

US gold rises above $980

US gold futures rose above $980 an ounce Friday to end near a three-month high as resurgent risk appetite pummeled the dollar, attracting investment inflows into the bullion market. August settled up $17.10, or 1.8 percent, at $980.30 an ounce on the COME
Published 31 May, 2009 12:00am
Key Indian state to import 2.5 million tonnes of sugar

Key Indian state to import 2.5 million tonnes of sugar

Sugar mills in India's top producing state of Maharashtra are expected to import about 1.5 million tonnes of raws in the next sugarcane crushing season from October, a senior trade official said on Friday. Imports of about 2.5 million tonnes of raws by In
Published 31 May, 2009 12:00am
US rice rises

US rice rises

US rice futures on the Chicago Board of Trade rose to a 2-1/2 week high on Friday, breaking out of a week-long trading range amid a sinking dollar, traders said. The dollar index slipped below 80 to a five-month low on signs of an easing global recession,
Published 31 May, 2009 12:00am
Asian rice: Thai prices bounce on government stocks sale delay

Asian rice: Thai prices bounce on government stocks sale delay

Thai rice prices rebounded 3.8 percent as traders' hopes warmed after the government delayed a sale of its rice stocks, signalling no additional supplies would reach the market in coming days, exporters said on Wednesday. The benchmark 100 percent B grade
Published 31 May, 2009 12:00am
'Green' palm oil planters struggling to find buyers

'Green' palm oil planters struggling to find buyers

Palm oil planters in the world's top two producers Indonesia and Malaysia are struggling to find buyers for their eco-friendly palm oil, an industry official said on Wednesday, threatening to slow momentum. Under fire from green groups and some Western co
Published 31 May, 2009 12:00am
Indonesia to raise June CPO export tax

Indonesia to raise June CPO export tax

Indonesia will raise the export tax on crude palm oil to 3 percent in June following a recent rise in prices, after holding the tax at zero in the previous seven months. The export tax is partly aimed at discouraging some exports in order to ensure the av
Published 31 May, 2009 12:00am
New York sugar closes lower

New York sugar closes lower

Raw sugar futures finished lower on Friday, bucking the day's firm trend in most other commodities as market participants grabbed profits, traders said. The July raw sugar contract slipped 0.06 cent to close at 15.58 cents per lb. The contract traded from
Published 31 May, 2009 12:00am
US cotton up

US cotton up

US cotton rode on the back of a weak dollar and a sharp rally in other commodities to end 5 percent up on Friday, its biggest one-day gain for the month. "The collapse of the US dollar overnight and the action in the outside markets gave cotton the underp
Published 31 May, 2009 12:00am
US soyabean futures rise

US soyabean futures rise

US soyabean futures on the Chicago Board of Trade ended higher on Friday as the sinking dollar spurred fresh buying in ag commodities, traders said. The dollar index fell below 80 - its lowest point in five months - on evidence of an easing global recessi
Published 31 May, 2009 12:00am
Indonesia palm oil exports to India seen up

Indonesia palm oil exports to India seen up

Indonesian exports of palm oil to India are forecast to jump 25 percent this year, driven by higher consumption in the world's second-biggest edible oils buyer and tight supply of rival soybean oil, an industry official said. Indonesia, the world's larges
Published 31 May, 2009 12:00am
Recovery hopes propel commodity prices

Recovery hopes propel commodity prices

Commodity prices rallied last week, with oil shooting to six-month peaks above 66 dollars, boosted by a weak dollar and increasing hopes of swifter-than-expected economic recovery, traders said. "Commodity markets at large are continuing to benefit from i
Published 31 May, 2009 12:00am
Canadian canola futures end mixed

Canadian canola futures end mixed

ICE Canadian canola closed mixed Friday as the Canadian dollar jumped almost 2 US cents and cut demand for the oilseed, traders said. Benchmark July canola was unchanged at $456.30 per tonne on volume of 8,590 contracts. New-crop November fell $1.10 to $4
Published 31 May, 2009 12:00am
US wheat futures rise 30 percent

US wheat futures rise 30 percent

US wheat futures rose 1 percent on Friday, ending up over 30 percent from their 2009 lows as the market was bolstered by fund buying and as the dollar plunged to its lowest level in five months. "The dollar is falling out of bed and that has people bulled
Published 31 May, 2009 12:00am
KCBT wheat futures settle higher

KCBT wheat futures settle higher

Hard red winter wheat futures at the Kansas City Board of Trade settled higher on Friday as concerns about new-crop wheat persisted and technical indicators prompted fund buying. A weaker dollar also favoured futures. The US currency sank to a five-month
Published 31 May, 2009 12:00am
Ivorian cocoa arrivals up

Ivorian cocoa arrivals up

Cocoa arrivals at Ivory Coast's port of San Pedro reached 448,808 tonnes by May 24, according to data from the Coffee and Cocoa Bourse (BCC) obtained by Reuters on Friday. That compared with 490,340 tonnes delivered to the port during the same period of t
Published 31 May, 2009 12:00am
Activity at karachi and Qasim ports

Activity at karachi and Qasim ports

The Karachi Port handled 130,119 tonnes of cargo including 100,584 tonnes of import and 29,535 tonnes of export; 4,745 loaded and empty containers (TEUs) during last 24 hours ending at 0700 hours on Saturday. The freights comprised of 83,292 tonnes of dry
Published 31 May, 2009 12:00am
Brazil Coffee - Arabica harvest picks up

Brazil Coffee - Arabica harvest picks up

As the harvest of the world's largest coffee crop gathers pace in Brazil, the quickly strengthening real against the dollar is becoming the center of interest for producers, traders said on Friday. "The focus of the market now is the dollar. The more the
Published 31 May, 2009 12:00am
Former US presidents Clinton, Bush share stage in Toronto

Former US presidents Clinton, Bush share stage in Toronto

A "conversation" here Friday between Bill Clinton and George W. Bush, the 42nd and 43rd US presidents, attracted some 6,000 beholders and a few hundred protestors in a carnival atmosphere. The two former leaders were to share a stage for a 90-minute discu
Published 31 May, 2009 12:00am
US Army base shuts down to focus on rise in suicides

US Army base shuts down to focus on rise in suicides

The commander of a US Army base in Kentucky has ordered a three-day suspension of regular duties to focus on a spike in suicides among his troops amid concern over a wider trend across the armed services. The "stand-down" entered its third day Friday at F
Published 31 May, 2009 12:00am
World may never know Sri Lanka death toll: UN

World may never know Sri Lanka death toll: UN

The world will probably never find out how many innocent civilians died during the bloody final phase of Sri Lanka's war against Tamil Tigers rebels, the UN humanitarian chief said on Friday. The United Nations believes that anywhere from 80,000 to 100,00
Published 31 May, 2009 12:00am
Mexico has 62.264 billion peso budget surplus

Mexico has 62.264 billion peso budget surplus

Mexico posted a 62.264 billion peso government budget surplus in April, taking the accumulated surplus for the year to 23.9 billion pesos, the finance ministry said on Friday. The surplus came despite a sharp increase in spending and a decline in revenues
Published 31 May, 2009 12:00am
India may end fuel subsidies as reform push begins

India may end fuel subsidies as reform push begins

India's government said it may eliminate diesel and gasoline subsidies as soon as July, quicker than expected, ending a policy that had crushed state refiners' profits, strained government finances and inflated oil demand. Emboldened by an unexpectedly st
Published 31 May, 2009 12:00am
Court upholds not guilty verdict on former-Samsung boss

Court upholds not guilty verdict on former-Samsung boss

South Korea's supreme court Friday upheld lower court rulings which had cleared former Samsung group chairman Lee Kun-Hee of breach of trust charges. Special prosecutors had alleged that Lee caused losses to his group by authorising the issue of cheap con
Published 31 May, 2009 12:00am
Israel to attend Americas summit to counter Iran clout

Israel to attend Americas summit to counter Iran clout

Israel's deputy foreign minister will attend the annual summit of the Organisation of American States next week in a bid to counter Iran's growing influence in Latin America, an official said on Saturday. Danny Ayalon plans to meet representatives of seve
Published 31 May, 2009 12:00am
Almunia sees no risk of deflation in eurozone

Almunia sees no risk of deflation in eurozone

There is no risk at all of eurozone deflation and inflation should turn positive by the end of the year, European Union economic chief Joaquin Almunia said on Friday. "In the second half of the year base effects are going to tend to push the inflation cur
Published 31 May, 2009 12:00am
Retired US general said misquoted in rape photo flap

Retired US general said misquoted in rape photo flap

A retired US general has denied reports that he had seen the pictures of Iraqi prisoners being abused that President Barack Obama is seeking to keep secret, Salon reported on Friday. The British newspaper Daily Telegraph reported that retired Major Genera
Published 31 May, 2009 12:00am
Indonesia aims to buy planes, submarines

Indonesia aims to buy planes, submarines

Indonesia is in talks with the United States to buy Lockheed Martin C-130 Hercules transport planes and might be in a position to buy fighter jets and submarines in 2-3 years, its defence minister said. Juwono Sudarsono told Reuters on Saturday after talk
Published 31 May, 2009 12:00am
Jenan $1.3 billion property plan bets on Saudi recovery

Jenan $1.3 billion property plan bets on Saudi recovery

Saudi property developer Jenan Properties said on Saturday it would spend 5 billion riyals ($1.33 billion) on two projects which would be ready by the time the domestic property market recovers from a slowdown. Jenan, which was founded a year ago by sever
Published 31 May, 2009 12:00am
Shell to cut 350-450 senior managers

Shell to cut 350-450 senior managers

Royal Dutch Shell Plc plans to cut 350-450 senior management roles as it restructures to cut costs and improve operational performance, according to a website to which Shell employees post internal information. The cuts represent almost 30 percent of Shel
Published 31 May, 2009 12:00am
BoA lead director Sloan steps down

BoA lead director Sloan steps down

Bank of America Corp's lead director Temple Sloan resigned from the largest US bank's board of directors on Friday. Sloan's departure is a blow to Chief Executive Kenneth Lewis, whom shareholders ousted as chairman of the bank's board at the annual meetin
Published 31 May, 2009 12:00am
Wal-Mart opens in India

Wal-Mart opens in India

The world's number one retailer Wal-Mart opened its first sales venture in India on Saturday as part of an ambitious plan to establish a foothold in the country's vast consumer market. The US discount chain has teamed up with Bharti Enterprises, parent of
Published 31 May, 2009 12:00am
Naimi says no Opec boost until stocks fall

Naimi says no Opec boost until stocks fall

Opec would wait until crude inventories fell to around 53 days of forward cover before considering raising output, Saudi Oil Minister Ali al-Naimi was reported as saying in remarks published late on Friday. Opec left output targets unchanged at a meeting
Published 31 May, 2009 12:00am
Gulf Arabs look east after EU trade deal hits wall

Gulf Arabs look east after EU trade deal hits wall

Gulf Arab oil producers are expected to sign trade pacts with China, South Korea, Australia and New Zealand starting this year after talks with the European Union for a similar deal hit a wall, an Omani official said. The Gulf Co-operation Council (GCC) -
Published 31 May, 2009 12:00am
Russia gambles on passing Opel test: analysts

Russia gambles on passing Opel test: analysts

Russia has taken a gamble by seizing a lead role in the take-over of German automaker Opel as its performance will be closely scrutinised by Europe as a test of Russian reliability, analysts said. With diplomatic relations with the West still strained, Ru
Published 31 May, 2009 12:00am
US auto sales could hit 10 million annualised rate

US auto sales could hit 10 million annualised rate

US auto sales likely rose in May to a close to 10 million unit annualised rate, supported by sales at closing Chrysler dealerships in the past week, Ford Motor Co's chief sales analyst said on Friday. That result would represent a rise from the roughly 9.
Published 31 May, 2009 12:00am
US hotel cost cuts spur investor interest

US hotel cost cuts spur investor interest

Investor interest in the US hotel industry has been rekindled by the recent efforts of hotel companies to temper expansion plans and cut costs amid a deep recession, according to a recent report by Jones Lang LaSalle Hotels. In the first quarter, 23 funds
Published 31 May, 2009 12:00am
Oman's economy grows two percent so far in 2009

Oman's economy grows two percent so far in 2009

Oman's economy has grown by 2 percent in real terms so far this year and if oil prices remain above $60 a barrel, the non-Opec oil producer's projected budget deficit will narrow, its economy minister said on Saturday. Ahmad bin Abdul-Nabi Mekki also said
Published 31 May, 2009 12:00am
California rating outlook falls to negative

California rating outlook falls to negative

Citing California's budget woes, including a $24.3 billion shortfall, Fitch Ratings said on Friday it affirmed the most populous US state's 'A' long-term general obligation debt rating, but warned of a possible downgrade. California already has the lowest
Published 31 May, 2009 12:00am
Emerging markets: Latin American stocks up

Emerging markets: Latin American stocks up

Latin American currencies appreciated against the US dollar and stocks rose on Friday as yield-hungry foreign investors put their money to work in emerging market assets - deemed high risk. Appetite for emerging market assets has increased as rising optim
Published 31 May, 2009 12:00am
Risks to nationalised UK bank known in 2004

Risks to nationalised UK bank known in 2004

British regulators identified Northern Rock as a weak link in Britain's banking system during planning exercises three years before the bank collapsed, the Financial Times reported on Saturday. The 2004 tests found that Northern Rock's business model was
Published 31 May, 2009 12:00am
Banks agree deal to ease conditions on Tata Steel loan

Banks agree deal to ease conditions on Tata Steel loan

Tata Steel UK, a wholly owned subsidiary of Tata Steel Ltd, has won approval from banks to ease conditions on 3.7 billion pounds of loans it took to buy Anglo-Dutch Corus, the company said on Saturday. Two bankers close to the deal had confirmed the devel
Published 31 May, 2009 12:00am
Canadian bonds end mixed

Canadian bonds end mixed

Canadian bond prices, mixed for much of the session, ended higher across the curve on Friday, alongside the bigger US Treasury market as dealers moved back into government debt after a steep selloff earlier in the week. Dong said the Canadian bond market
Published 31 May, 2009 12:00am
Canadian bonds end mixed

Canadian bonds end mixed

Canadian bond prices, mixed for much of the session, ended higher across the curve on Friday, alongside the bigger US Treasury market as dealers moved back into government debt after a steep selloff earlier in the week. Dong said the Canadian bond market
Published 31 May, 2009 12:00am
Emerging markets: Latin American stocks up

Emerging markets: Latin American stocks up

Latin American currencies appreciated against the US dollar and stocks rose on Friday as yield-hungry foreign investors put their money to work in emerging market assets - deemed high risk. Appetite for emerging market assets has increased as rising optim
Published 31 May, 2009 12:00am
Brazilian shares drop

Brazilian shares drop

Brazilian stocks fell on Friday, weighed by concerns on Wall Street. over the looming bankruptcy of automaker General Motors Corp and data showing much deeper than expected business activity slump in the US Midwest. The benchmark Bovespa index of the Sao
Published 31 May, 2009 12:00am
Mexican stocks dip

Mexican stocks dip

Mexico's stocks ended lower reversing earlier gains amid losses in telecom bellwether America Movil. Revised first-quarter US GDP figures showed less of a contraction than initial estimates, while another report showed Japanese factory output jumped in Ap
Published 31 May, 2009 12:00am
US corporate bond yields narrow

US corporate bond yields narrow

US corporate bond yield spreads narrowed over Treasuries on Friday, extending a two-month rally that's become increasingly reliant on economic optimism, analysts said. Investors have accelerated their shift out of US government Treasuries into corporate b
Published 31 May, 2009 12:00am
Finns get a break from stress in saunas

Finns get a break from stress in saunas

While Brits beat stress by relaxing in the pub and the French chat over a cup of coffee, people in Finland kick back in a hot room where the temperature can soar close to 100 degrees C (212 degrees F). The Nordic country of 5.3 million inhabitants is esti
Published 31 May, 2009 12:00am
G8 ministers target global crime

G8 ministers target global crime

Justice and home affairs ministers from the Group of Eight (G8) on Saturday adopted a series of proposals aimed at combating organised crime, child pornography, human trafficking, terrorism, piracy and internet fraud.A "critical tool" in fighting criminal
Published 31 May, 2009 12:00am
Amitabh Bachchan may snub Australia over attacks

Amitabh Bachchan may snub Australia over attacks

Bollywood legend Amitabh Bachchan said Saturday he may reject an honorary doctorate from a Brisbane university to protest at a wave of attacks on Indian students in Australia. "My conscience does not permit me to accept this decoration from a country that
Published 31 May, 2009 12:00am
Saudi Arabia rejects Iraq claims of 'negativity'

Saudi Arabia rejects Iraq claims of 'negativity'

Saudi Interior Minister Prince Nayef bin Abdul-Aziz has rejected Iraqi claims that the kingdom was adopting "negative positions" on repairing diplomatic ties and urged Baghdad to improve border security. In remarks published on Saturday by Saudi newspaper
Published 31 May, 2009 12:00am
Fifty-five whales stranded on South African beach

Fifty-five whales stranded on South African beach

About 55 whales were stranded on a beach near Cape Town on Saturday and rescue teams had to humanely kill some after failing to return all of them to the ocean, the sea rescue institute said. Marine scientists and volunteers managed to get more than 20 of
Published 31 May, 2009 12:00am
Former Iraq trade minister arrested in mid-flight drama

Former Iraq trade minister arrested in mid-flight drama

Iraq's former trade minister Abdel Falah al-Sudani was arrested on Saturday when trying to flee the country in the wake of a graft scandal after his plane was dramatically ordered back to Baghdad. The minister was on board a flight to Dubai, which authori
Published 31 May, 2009 12:00am
Seven militants killed in Nigeria clashes

Seven militants killed in Nigeria clashes

A private security source says sailors on a Nigerian naval vessel battled speedboat-borne militants in the southern oil region, killing seven militants. The private security official said Saturday the clash began when a naval boat moving through the south
Published 31 May, 2009 12:00am
Four killed in various incidents

Four killed in various incidents

At least four people lost their lives in different incidents across the metropolis on Saturday, police and witnesses said. A 30-year-old young man was found dead around pedestrian bridge near Radio Pakistan, Quaidabad in the wee hours Saturday. Shariyar,
Published 31 May, 2009 12:00am
Seven militants killed in Nigeria clashes

Seven militants killed in Nigeria clashes

A private security source says sailors on a Nigerian naval vessel battled speedboat-borne militants in the southern oil region, killing seven militants. The private security official said Saturday the clash began when a naval boat moving through the south
Published 31 May, 2009 12:00am
'Ibrahim Joyo rendered matchless services for people'

'Ibrahim Joyo rendered matchless services for people'

The literary services of eminent intellectual, writer and researcher Muhammad Ibrahim Joyo were highly eulogised by the writers, educationists and politicians while an Honorary Degree of Doctorate was announced for him by the University of Sindh (SU) in r
Published 31 May, 2009 12:00am
35,000 megawatts power generation by the end of 2009: MD Pepco

35,000 megawatts power generation by the end of 2009: MD Pepco

Managing Director Energy Management Pakistan Electric Power Company (Pepco) Tahir Basharat Cheema said on Saturday that government is working on several power generation projects to overcome electricity deficit in the country. Talking to a private TV chan
Published 31 May, 2009 12:00am
PCP, SCCI hold seminar on 'Public-Private Partnership'

PCP, SCCI hold seminar on 'Public-Private Partnership'

Planning Commission of Pakistan (PCP) and Sialkot Chamber of Commerce and Industry (SCCI) jointly organised a one-day seminar on 'Public-Private Partnership' here on Saturday at Sialkot Chamber of Commerce and Industry (SCCI). The purpose of seminar was t
Published 31 May, 2009 12:00am
Revenue officers asked to recover dues within 15 days

Revenue officers asked to recover dues within 15 days

Acting Commissioner Faisalabad Division Saeed Wahlah has assigned new targets of recovery of agriculture income tax, water bills and other government dues to Revenue Officers and directed them to achieve 100 percent recovery within next 15 days. He was pr
Published 31 May, 2009 12:00am
Fiat expansion stirs resentment in Italy's south

Fiat expansion stirs resentment in Italy's south

Staring at the locked gates of a Fiat car factory, Mimmo Vacchiano says many families in this poor corner of southern Italy face a stark choice unless its turnstiles reopen. "If they close this plant, there's nothing else here, only unemployment or the ma
Published 31 May, 2009 12:00am
New optimism on US healthcare, but obstacles remain

New optimism on US healthcare, but obstacles remain

The US Congress has started work on a broad overhaul of the healthcare system in a rare spirit of optimism, but brewing battles over its cost, scope and structure could still scuttle hopes for a solution. From President Barack Obama's declaration that "th
Published 31 May, 2009 12:00am
Students suffer in France's four-month strike

Students suffer in France's four-month strike

Roland Lloyd ParryShahinez Benabed turned up in February to finish a history degree at the renowned Sorbonne university on the Left Bank in Paris, but found the historic lecture halls shut by a teachers' strike. Four months later, she has not had a single
Published 31 May, 2009 12:00am
Wrong policy

Wrong policy

This is with reference to the recent suicide attack in Lahore and threat to other cities of Punjab. I will hold Nawaz Sharif responsible for his wrong policy and the result today is that people of Punjab are still confused about the war on terror.
Published 31 May, 2009 12:00am
Troubled lives

Troubled lives

Pakistan is an underdeveloped country. Average income of a common man is very low. People of middle and lower middle class mostly live from hand to mouth situation. It is very difficult for them to meet their daily basic needs. It is their genuine problem
Published 31 May, 2009 12:00am
Influx of terrorists

Influx of terrorists

The people of Swat and those living along the Afghan border are facing an influx of terrorists from across the border. These terrorists are armed to the teeth, possess latest weapons and have enough cash to bribe their way through and employ frustrated lo
Published 31 May, 2009 12:00am
Survey being conducted to assess Lahore blast damages

Survey being conducted to assess Lahore blast damages

Punjab government is conducting a survey to assess the degree of damages occurred to private property in Wednesday's bomb blast in the city of Lahore that killed 30 people and left 250 civilians and security personnel severely injured. The intensity of th
Published 31 May, 2009 12:00am
NWFP governor asks FDA to speed up uplift works

NWFP governor asks FDA to speed up uplift works

The NWFP Governor, Owais Ahmed Ghani on Saturday directed Fata Development Authority to accelerate the work on mega development project in FATA saying that timely completion of these projects was necessary for speedy socio-economic development in the trib
Published 31 May, 2009 12:00am
'All measures being taken to make budget business-friendly'

'All measures being taken to make budget business-friendly'

The Federal Minister for Parliamentary Affairs, Dr Babar Awan, has said that all measures are being taken to ensure a business- and people-friendly budget for the financial year 2009-10. Addressing members of the Lahore Camber of Commerce and Industry on
Published 31 May, 2009 12:00am
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