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Print - 2009-06-03
England can shine even without stars says Pietersen

England can shine even without stars says Pietersen

Kevin Pietersen has warned Australia that England no longer have to rely only on their star players to produce match-winning performances. The former England captain is impressed with the way Andrew Strauss's team made light of his absence and that of And
Published 03 Jun, 2009 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Tuesday (June 02, 2009).

Published 03 Jun, 2009 12:00am
Amnesty for Indian 'rebels' Mongia, Badani

Amnesty for Indian 'rebels' Mongia, Badani

One-day specialists Dinesh Mongia and Hemang Badani were among 79 current players granted amnesty by the Indian cricket authorities Tuesday after they severed links with an unofficial league. The Board of Control for Cricket in India (BCCI) said in April
Published 03 Jun, 2009 12:00am
Edin Dzeko Germany's footballer of the year

Edin Dzeko Germany's footballer of the year

Wolfsburg's attacking midfielder Edin Dzeko has been named Germany's footballer of the year, the magazine Kicker reported on Tuesday. Dzeko, the second top goalscorer in the Bundesliga with 26 goals, was voted to the title by his fellow players in the lea
Published 03 Jun, 2009 12:00am
Gerrard determined to seize World Cup last chance

Gerrard determined to seize World Cup last chance

Steven Gerrard believes next year's World Cup finals will represent his last chance to get his hands on the biggest prize in football. England are well-placed to reach South Africa after winning their first five qualifiers to open up a five-point lead ove
Published 03 Jun, 2009 12:00am
ICC World Twenty20 warm-up: Proteas duo send Pakistan spinning to defeat

ICC World Twenty20 warm-up: Proteas duo send Pakistan spinning to defeat

South Africa spinners Roelof van der Merwe and Johan Botha took two wickets apiece as the Proteas beat 2007 finalists Pakistan by 59 runs in their ICC World Twenty20 warm-up match here on Monday. Pakistan, chasing a stiff target of 187 for victory, were o
Published 03 Jun, 2009 12:00am
Nadal coach blasts 'stupid' Roland Garros spectators

Nadal coach blasts 'stupid' Roland Garros spectators

Rafael Nadal's uncle and coach, Toni Nadal, has called spectators at the Roland Garros tournament in Paris "stupid" for cheering the world number one's elimination from the event over the weekend. "I think the Parisian public is so stupid," he said in an
Published 03 Jun, 2009 12:00am
Safina moves into semis

Safina moves into semis

World number one Dinara Safina reached the French Open semi-finals on Tuesday with a 1-6, 6-4, 6-2 win over Belarusian ninth seed Victoria Azarenka, whose hair-trigger temperament fell apart. Top seed Safina will face either Russia's Maria Sharapova or Sl
Published 03 Jun, 2009 12:00am
Nadal-conqueror Soderling marches into semis

Nadal-conqueror Soderling marches into semis

Sweden's Robin Soderling, conqueror of Rafael Nadal, marched into his first ever Grand Slam semi-final with a superb 6-1, 6-3, 6-1 win over Russian Nikolay Davydenko at the French Open here on Tuesday. Soderling, the 23rd seed and world number 25, will pl
Published 03 Jun, 2009 12:00am
Azerbaijan to maintain energy output levels

Azerbaijan to maintain energy output levels

Energy-rich Azerbaijan expects no drop in its oil and gas production this year despite global economic woes, President Ilham Aliyev said Tuesday. Aliyev also said the ex-Soviet republic's economy continued to grow in the first quarter of 2009 despite the
Published 03 Jun, 2009 12:00am
Dhoni warns of New Zealand threat

Dhoni warns of New Zealand threat

India captain Mahendra Singh Dhoni has highlighted New Zealand as a threat to his side's hopes of defending their World Twenty20 title in England. The Black Caps beat India, champions in South Africa two years ago, by nine runs in a warm-up match at Lord'
Published 03 Jun, 2009 12:00am
Bangladesh arrests former lawmaker over mutiny link

Bangladesh arrests former lawmaker over mutiny link

Bangladesh police arrested a former opposition lawmaker on Tuesday in connection with a bloody mutiny at a military base earlier this year, a senior police officer said. Nasiruddin Pintu was picked up in the capital Dhaka, police chief Shahidul Haq told A
Published 03 Jun, 2009 12:00am
British finance chief's job in doubt over expenses 'mistake'

British finance chief's job in doubt over expenses 'mistake'

Finance minister Alistair Darling apologised Monday for a "mistake" over his expenses claims and pledged to repay some of the money, as question marks grew over his future in the British government. Darling said it was up to Prime Minister Gordon Brown to
Published 03 Jun, 2009 12:00am
China aside, Taiwan says dialogue with US restarts

China aside, Taiwan says dialogue with US restarts

Taiwan and the United States have resumed high-level dialogue which had been suspended over conflicting approaches to China, which claims the self-ruled island as its own, officials said on Tuesday. Former Taiwan president Chen Shui-bian upset the United
Published 03 Jun, 2009 12:00am
ILO conference to focus on saving jobs in economic crisis

ILO conference to focus on saving jobs in economic crisis

The impact of the economic crisis on jobs will be at the centre of the International Labour Organisation's annual conference from Wednesday, amid forecasts that the downturn could raise unemployment to record levels. Brazilian President Luiz Inacio Lula d
Published 03 Jun, 2009 12:00am
Iran makes arrests over unrest, bomb find

Iran makes arrests over unrest, bomb find

Iran has made many arrests in connection with deadly unrest in its south-east and planned violence elsewhere in the country, officials said on Tuesday, 10 days before the Islamic Republic's presidential election. Judiciary spokesman Alireza Jamshidi said
Published 03 Jun, 2009 12:00am
Climate change threatens Middle East stability: study

Climate change threatens Middle East stability: study

Climate change could spark "environmental wars" in the Middle East over already scarce water supplies and dissuade Israel from any pullout from occupied Arab land, an international report said on Tuesday. Almost 10 years of failed peace talks between Syri
Published 03 Jun, 2009 12:00am
In world first, Chinese researchers create pig stem cells

In world first, Chinese researchers create pig stem cells

Chinese researchers said on Wednesday they had created versatile stem cells from pigs, a ground-breaking achievement that could open up new paths for combatting human disease. Doctors led by Lei Xiao, of the Shanghai Institute of Biochemistry and Cell Bio
Published 03 Jun, 2009 12:00am
Poor eyesight costs world economy $121 billion

Poor eyesight costs world economy $121 billion

Failure to address impaired eyesight is costing the world economy an estimated 121.4 billion dollars in productivity losses, according to research published by the World Health Organisation on Tuesday. An estimated 158 million people suffer from uncorrect
Published 03 Jun, 2009 12:00am
Draft US nuclear deal may be ready soon

Draft US nuclear deal may be ready soon

Russia and the United States may agree a draft deal to slash vast stockpiles of Cold War nuclear weapons by the time US President Barack Obama visits Moscow in July, a Kremlin spokeswoman said on Tuesday. Finding a replacement for the 1991 Strategic Arms
Published 03 Jun, 2009 12:00am
China wary of US anti-proliferation plan

China wary of US anti-proliferation plan

China expressed worry on Tuesday about a US-led initiative that some governments hope will prevent nuclear weapons proliferation from North Korea, saying the effort may stray from international law. A Foreign Ministry spokesman also confirmed that a senio
Published 03 Jun, 2009 12:00am
US navy ship in first Libya visit for 40 years

US navy ship in first Libya visit for 40 years

A US Coast Guard cutter left the Libyan port of Tobruk on Tuesday after becoming the first US military vessel to visit the North African country in more than 40 years. The three-day visit by the Boutwell cutter was "part of a theater security co-operation
Published 03 Jun, 2009 12:00am
Hungry number up 100 million in South Asia: UNICEF

Hungry number up 100 million in South Asia: UNICEF

The number of hungry people in South Asia has jumped by 100 million in the past two years, aggravated by high food and fuel prices and the global economic slowdown, a UNICEF report said on Tuesday. More than 400 million people are now chronically hungry i
Published 03 Jun, 2009 12:00am
Russia and Israel play down Middle East differences

Russia and Israel play down Middle East differences

Right-wing Israeli Foreign Minister Avigdor Lieberman on Tuesday hailed Russia as a key partner as he moved to play down differences with Moscow over Iran and Palestinian militants. "Right from the start, Russia has been one of the main partners both in t
Published 03 Jun, 2009 12:00am
North Korea's Kim moves to anoint youngest son as heir

North Korea's Kim moves to anoint youngest son as heir

North Korean leader Kim Jong-il has signalled the anointment of his youngest son as heir to the ruling family dynasty as the rival Koreas bolstered their militaries along a disputed sea border on Tuesday.
Published 03 Jun, 2009 12:00am
You'll never take me alive: fugitive Saddam deputy

You'll never take me alive: fugitive Saddam deputy

The fugitive deputy of Iraq's late dictator Saddam Hussein, Izzat Ibrahim al-Duri, on Tuesday defied the United States to capture him alive in a rare newspaper interview. "The Americians will only have me as a martyr," Duri told the Algerian Arabic-langua
Published 03 Jun, 2009 12:00am
Brazil planes spot possible debris from missing jet

Brazil planes spot possible debris from missing jet

Brazilian military search planes found debris in the Atlantic Ocean on Tuesday that could be wreckage of a missing Air France flight carrying 228 people that disappeared in a storm the previous day. Military planes saw metallic objects and plane seats 650
Published 03 Jun, 2009 12:00am
UN expert warns against lowering rights standards

UN expert warns against lowering rights standards

Governments must resist the temptation to sacrifice human rights standards as they try to recover from the current economic downturn, an expert from the United Nations said Tuesday. "Human rights are most at risk in times of crisis, and economic crises po
Published 03 Jun, 2009 12:00am
British troops kill senior Taliban leader: ministry

British troops kill senior Taliban leader: ministry

British troops in Afghanistan have killed a senior Taliban leader behind suicide bomb attacks that have killed several British soldiers, the Ministry of Defence in London said Tuesday. Mullah Mansur was killed in a strike by British helicopters on Monday
Published 03 Jun, 2009 12:00am
Somali government forces seize ground in Mogadishu

Somali government forces seize ground in Mogadishu

Somali government forces drove Islamist insurgents from two districts of the capital on Tuesday in another day of heavy fighting that killed dozens of people, residents and officials said. Hard-line rebels with links to al Qaeda stepped up attacks in Moga
Published 03 Jun, 2009 12:00am
US military turns to Twitter for Afghan hard news

US military turns to Twitter for Afghan hard news

"What are you doing?" For the US military in Afghanistan, the answer to the latest social networking craze seems to be: "Killing Taliban". US commanders launched their "social networking strategy" for Afghanistan on Tuesday, using the hugely popular websi
Published 03 Jun, 2009 12:00am
US soldier among 32 killed in Afghanistan

US soldier among 32 killed in Afghanistan

A family of six and a US soldier died in separate attacks in Afghanistan Tuesday while 25 militants and security officials were killed in other violence, authorities said. A suicide bomber destroyed a civilian vehicle about five kilometres (three miles) f
Published 03 Jun, 2009 12:00am
Stark warnings for those seen traitors in Sri Lanka

Stark warnings for those seen traitors in Sri Lanka

A Sri Lankan rights group said on Tuesday it had received a threat accusing it of treason, the day after a media activist was beaten up in the latest episode in the country's long history of politically tinged violence. Press rights groups have warned tha
Published 03 Jun, 2009 12:00am
US to sell 'bunker-buster' bombs to South Korea

US to sell 'bunker-buster' bombs to South Korea

The United States has agreed to sell "bunker-buster" bombs to South Korea that are capable of destroying underground facilities in North Korea, a military official said Tuesday. Washington recently approved the sale of GBU-28 bombs, which were used during
Published 03 Jun, 2009 12:00am
Three-month dollar Libor rates mark new lows

Three-month dollar Libor rates mark new lows

Benchmark dollar funding costs dropped to new record lows on Tuesday even though improvements in the economic backdrop have been pushing up US Treasury yields and longer term corporate borrowing benchmark rates. In Europe, shorter-dated rates continued to
Published 03 Jun, 2009 12:00am
Sterling hits seven-month high

Sterling hits seven-month high

Sterling hit a seven-month high against a broadly weaker dollar on Tuesday as surprisingly strong figures on the US housing market fuelled speculation the global economic downturn may be easing. Pending sales of US homes rose a monthly 6.7 percent in Apri
Published 03 Jun, 2009 12:00am
Dollar hits fresh 2009 low

Dollar hits fresh 2009 low

The dollar fell to its lowest level this year against the euro and a basket of currencies on Tuesday, reversing earlier gains due to the ongoing belief that the global economy is on the road to recovery. The US currency had begun the day staging a modest
Published 03 Jun, 2009 12:00am
Indian rupee snaps four-day rally

Indian rupee snaps four-day rally

The Indian rupee snapped a four-day rally that had taken it to its highs for 2009, falling on Tuesday on a lack of direction from the share market and in the face of broad dollar strength. The partially convertible rupee pared its losses in late trade to
Published 03 Jun, 2009 12:00am
Tuesday's early afternoon trade: Wall Street trims gains

Tuesday's early afternoon trade: Wall Street trims gains

US stocks reduced earlier gains on Tuesday as financial shares came under pressure after several companies announced stock offerings. Major indices had been higher in morning action after better-than-anticipated housing data bolstered hopes that the reces
Published 03 Jun, 2009 12:00am
Indian shares gain

Indian shares gain

Indian shares closed 0.23 percent higher on Tuesday in choppy trade after shedding most of their morning gains, as investors took profits from a near three-month-long rally, dealers said. The benchmark 30-share Sensex rose 34.28 points to 14,874.91, its f
Published 03 Jun, 2009 12:00am
European CDS indices extend gains

European CDS indices extend gains

European credit derivatives indices extended a sharp rally on Tuesday after US data on existing home sales showed the biggest monthly increase in more than seven years, bolstering hopes for economic recovery. By 1444 GMT, the investment-grade Markit iTrax
Published 03 Jun, 2009 12:00am
European CDS indices extend gains

European CDS indices extend gains

European credit derivatives indices extended a sharp rally on Tuesday after US data on existing home sales showed the biggest monthly increase in more than seven years, bolstering hopes for economic recovery. By 1444 GMT, the investment-grade Markit iTrax
Published 03 Jun, 2009 12:00am
Philippines shares higher

Philippines shares higher

Philippines share prices closed 1.29 percent higher on Tuesday, lifted by Wall Street's rally overnight and positive news from the United States, dealers said. The composite index rose 31.77 points to 2,490.42 points while the all-shares index rose 0.88 p
Published 03 Jun, 2009 12:00am
Asian bond spreads narrow to nine-month low

Asian bond spreads narrow to nine-month low

Asian bond spreads narrowed on Tuesday to their lowest level in nine months, as latest US manufacturing and spending data supported views that the worst global economic downturn in decades may be over. Wall Street shares rallied overnight spurred by data
Published 03 Jun, 2009 12:00am
Asian bond spreads narrow to nine-month low

Asian bond spreads narrow to nine-month low

Asian bond spreads narrowed on Tuesday to their lowest level in nine months, as latest US manufacturing and spending data supported views that the worst global economic downturn in decades may be over. Wall Street shares rallied overnight spurred by data
Published 03 Jun, 2009 12:00am
IPF for abolition of CVT in budget

IPF for abolition of CVT in budget

Chairman Industrial Promotion Forum (IPF) and Honorary Consul of Mozambique, Khalid Tawab has urged Finance Ministry to abolish capital value tax (CVT) in forthcoming budget 2009-10. Talking to newsmen here on Tuesday he also demanded abolition of the fiv
Published 03 Jun, 2009 12:00am
FTSE declines, hit by Barclays stake sale

FTSE declines, hit by Barclays stake sale

Britain's blue chip share index ended down 0.7 percent on Tuesday, hurt by banks after a major shareholder sold its holding in Barclays, although improving US pending home sales lent some support to the market. The FTSE 100 closed 29.17 points lower at 4,
Published 03 Jun, 2009 12:00am
Gilani stresses settlement of Kashmir issue through talks

Gilani stresses settlement of Kashmir issue through talks

Prime Minister Yusuf Raza Gilani underlined the need to settle the Kashmir dispute through sincere dialogue to allow vast opportunities for the socio-economic development of the region. The Prime Minister was addressing the 43rd session of the Azad Jammu
Published 03 Jun, 2009 12:00am
SECP to share recommendations of CGCP with stakeholders

SECP to share recommendations of CGCP with stakeholders

The Securities and Exchange Commission of Pakistan (SECP) would share recommendations of the Consultative Group on Capital Markets (CGCP) with the stakeholders for developing consensus on policy decisions regarding capital markets in Pakistan.
Published 03 Jun, 2009 12:00am
National Assembly body on Social Welfare discusses relief services

National Assembly body on Social Welfare discusses relief services

The meeting of the National Assembly Standing Committee on Social Welfare and Special Education held here on Tuesday at the Parliament House discussed the relief services by the Ministry of Social Welfare and Special Education and Pakistan Bait-ul-Mal.
Published 03 Jun, 2009 12:00am
Banks told to start customers mapped ratings from January 2010

Banks told to start customers mapped ratings from January 2010

The State Bank of Pakistan has advised banks and development finance institutions (DFIs) to start reporting the mapped ratings of all their consumer customers in the e-CIB system from January 2010. The SBP, referring to the BSD Circular No 08 dated Octobe
Published 03 Jun, 2009 12:00am
Seminar on 'LPG Outlook in Pakistan' on June 11

Seminar on 'LPG Outlook in Pakistan' on June 11

Petroleum Institute of Pakistan (PIP) a representative body of Pakistan Oil and Gas Industry (POGI) is organising a seminar on 'LPG Outlook in Pakistan' on June 11, 2009 at a local hotel of Lahore. Managing Director, SNGPL, A Rashid Lone will chair the se
Published 03 Jun, 2009 12:00am
BSEK employees to donate day's salary

BSEK employees to donate day's salary

The employees of the Board of Secondary Education Karachi (BSEK) will contribute their one day salary towards the Prime Minister's Relief Fund for the internally displaced persons (IDPs). This was announced by the Acting Secretary of the BSEK in a stateme
Published 03 Jun, 2009 12:00am
Nadra starts registration of IDPs in Sindh

Nadra starts registration of IDPs in Sindh

The National Database and Registration Authority, Nadra has started the registration of IDPs of Swat and Malakand in Sindh. Nadra's GM Sindh, Brigadier Shakeel Ahmed (Retd) co-ordinated various aspects in his meeting with the Special Home Secretary, Kamra
Published 03 Jun, 2009 12:00am
Al Habib Salana Munafa Account offers high annual returns

Al Habib Salana Munafa Account offers high annual returns

Bank AL Habib, in line with its tradition, has once again launched a product AL Habib Salana Munafa Account with high annual returns, that is, 12 percent p.a. (expected rate of return) on one year deposit. The Account can be opened with Rs 25,000.
Published 03 Jun, 2009 12:00am
US cotton extends run-up on weak dollar

US cotton extends run-up on weak dollar

US cotton hit two-week highs on Monday, extending a rally from last week, as investors stayed bullish on the fiber amid continuous weakness in the dollar and strength in other commodities. The key July cotton contract on ICE Futures US settled up 82 cents
Published 03 Jun, 2009 12:00am
Copper holds above $5,000

Copper holds above $5,000

Copper fell in sympathy with weaker equities on Tuesday, but held above the $5,000 mark and near 7-1/2 month highs following recent stronger economic data. Copper for three-months delivery on the London Metal Exchange ended at $5,050 a tonne against $5,07
Published 03 Jun, 2009 12:00am
World oil slips

World oil slips

Oil edged off seven-month highs on Tuesday as profit-taking outweighed economic optimism following strong US home sales data. Pending sales of previously owned homes in the world's top oil consumer shot up by 6.7 percent in April, the biggest monthly gain
Published 03 Jun, 2009 12:00am
London coffee, sugar down; cocoa up

London coffee, sugar down; cocoa up

Arabica coffee futures turned slightly lower after touching a new nine-month high on Tuesday as the market looked to consolidate after the recent run-up driven by a weak dollar and fund buying, dealers said.
Published 03 Jun, 2009 12:00am
Gold rises in Europe

Gold rises in Europe

Gold rose to a session high above $986 an ounce on Tuesday, as the dollar fell to 5-1/2 month lows versus a basket of currencies and extended losses against the euro after US pending home sales data. The dollar's slide is boosting interest in bullion as a
Published 03 Jun, 2009 12:00am
US MIDDAY: soyabeans slide

US MIDDAY: soyabeans slide

Chicago Board of Trade soyabean fell early on Tuesday, led by front-month July, on profit-taking after hitting an eight-month high this week as the dollar fell, traders said. July down 15 cents at $12.03-1/2. The sinking dollar remains supportive for comm
Published 03 Jun, 2009 12:00am
US MIDDAY: wheat slips

US MIDDAY: wheat slips

Chicago Board of Trade wheat futures slid early Tuesday on profit-taking, after surging to an eight-month top this week as the dollar fell to a one-year low, traders said. July down 16 cents at $6.58-1/2 a bushel.
Published 03 Jun, 2009 12:00am
US MIDDAY: cocoa, coffee and sugar down

US MIDDAY: cocoa, coffee and sugar down

Summaries of the ICE Futures US cocoa, coffee and sugar markets early on Tuesday. July arabica coffee contract slipped 0.15 cent to $1.4210 per lb at 11:05 am EDT (1505 GMT). Session range from at $1.40 to $1.4290. July raw sugar contract fell 0.12 cent a
Published 03 Jun, 2009 12:00am
US MIDDAY: copper trims gains

US MIDDAY: copper trims gains

US copper futures trimmed their losses Tuesday morning in response to surprisingly strong data from the US housing sector that reinforced recent views that the recession was easing.
Published 03 Jun, 2009 12:00am
US MIDDAY: gold climbs

US MIDDAY: gold climbs

US gold futures rose on Tuesday as a weakening US dollar prompted more investors to pile into bullion as a hedge against their dollar-denominated portfolios. August up $6.70 at $986.70 an ounce at 10:53 am EDT (1453 GMT) on the COMEX division of the New Y
Published 03 Jun, 2009 12:00am
Budgetary support in social sector development emphasised

Budgetary support in social sector development emphasised

Minister for Planning and Development, Makhdoom Shahabuddin on Tuesday emphasised the need for budgetary support and infrastructure development in the social sector particularly Benazir Income Support Programme (BISP) to accomplish Millennium Development
Published 03 Jun, 2009 12:00am
Sindh University holds seminar on women empowerment

Sindh University holds seminar on women empowerment

The scholars and educationists, stressing the need for the empowerment of women, have urged the government to provide more opportunities to them to establish separate teachers' commission for recruitment and training and courts should be headed by the wom
Published 03 Jun, 2009 12:00am
HSC Arts group exams to start from June 18

HSC Arts group exams to start from June 18

In the second phase, the HSC Annual Examination 2009 for the Arts Group will now commence from June 18. This was announced by the Chairman of the Board of Intermediate Education Karachi (BIEK), Professor Anwar Ahmed Zai on Tuesday.
Published 03 Jun, 2009 12:00am
Pakistanis urged to vote for supporters of Kashmir cause in Holland

Pakistanis urged to vote for supporters of Kashmir cause in Holland

Former Prime Minister of AJK and President of People's Muslim League, Barrister Sultan Mehmood Chaudhry asked the Pakistani and Kashmiri community in Holland to vote for the candidates in European Parliament's election who support the Kashmir cause. Accor
Published 03 Jun, 2009 12:00am
Senior CSP officers visit Faisalabad city

Senior CSP officers visit Faisalabad city

A delegation of Senior CSP Officers nominated as Commercial Attaches in different Pakistani Embassies of Foreign countries visited Faisalabad and called on Acting Commissioner Saeed Wahalah to get first hand information about the condition of the city.
Published 03 Jun, 2009 12:00am
India urged to withdraw troops from IHK

India urged to withdraw troops from IHK

The Chairman of Jammu and Kashmir Liberation Front, Muhammad Yasin Malik has urged India to withdraw its troops from occupied Kashmir saying that the incidents like Shopian will continue to recur till Indian army is present in the territory.
Published 03 Jun, 2009 12:00am
Road barriers irk commuters

Road barriers irk commuters

Multan has become a city of road barriers in the wake of renewed security threats. The erection of more than a dozen roadblocks in the city is causing inconvenience to people, including patients and school children. The entire city is cordoned off by barr
Published 03 Jun, 2009 12:00am
Letter to Prime Minister: need for early urea import stressed

Letter to Prime Minister: need for early urea import stressed

The Punjab government has asked the Federal government to ensure proper smooth supply of urea fertilisers during the Kharif season as the farmers cannot afford the loss of crop due to the shortage of fertilisers. Chief Minister Shahbaz Sharif has expresse
Published 03 Jun, 2009 12:00am
'Punjab budget 2009-10 will be people friendly'

'Punjab budget 2009-10 will be people friendly'

With focus on poverty alleviation and public welfare, the Punjab budget for the year 2009-10 would be 'people friendly' in which no new tax will be imposed. Sources in the PML-N led Punjab government told Business Recorder, here on Tuesday that Chi
Published 03 Jun, 2009 12:00am
Linking pay and pension to inflation index under study

Linking pay and pension to inflation index under study

The government is also considering linking the proposed hike in salaries and pensions of public sector employees with exorbitant inflationary pressure, which was projected to remain in the range of 20 percent for the outgoing fiscal year.
Published 03 Jun, 2009 12:00am
Regularisation of CAA's employees: Supreme Court's verdict hailed

Regularisation of CAA's employees: Supreme Court's verdict hailed

The daily wages employees of Civil Aviation Authority (CAA) celebrated the decision of a three-member Supreme Court (SC) bench on Tuesday regarding their regularisation of services and they said, 'Now we are hopeful that our rights would be reconstituted.
Published 03 Jun, 2009 12:00am
MCCI lauds President's efforts for boosting exports

MCCI lauds President's efforts for boosting exports

President of Multan Chamber of Commerce and Industry (MCCI) Anis Ahmed Sheikh eulogised the efforts of President Asif Ali Zardari to get access to American and British markets to boost exports to 40 billion dollars. Anis Ahmed Sheikh said that we needed t
Published 03 Jun, 2009 12:00am
Load shedding to end by December: minister

Load shedding to end by December: minister

Federal minister for water and power Raja Pervaiz Ashraf has categorically and emphatically asserted that there would be no load shedding after December 31, 2009. He was addressing the workers of Faisalabad Electric Supply Company (Fesco) at Chenab Club h
Published 03 Jun, 2009 12:00am
Workshop on WTO agreements today

Workshop on WTO agreements today

A workshop by WTO Cell of the University of Agriculture Faisalabad on "WTO Agreements and its Impact on Pakistan's Economy" is to be held on today June 3, 2009 at New Senate Hall, UAF. Vice Chancellor Professor Dr Iqrar Ahmad Khan will be the chief guest
Published 03 Jun, 2009 12:00am
Relief goods distributed among IDPs

Relief goods distributed among IDPs

Another five truckloads of relief goods donated by Mumtaz Bukhtawar Memorial Trust hospitals, were distributed on Tuesday among the internally displaced persons (IDPs) of Swat. Trucks carrying essential edible items, including flour, cooking oil, mineral
Published 03 Jun, 2009 12:00am
KFC raising funds for IDPs

KFC raising funds for IDPs

KFC Pakistan has yet again taken the lead in demonstrating its values of corporate social responsibility by launching an exclusive fund raising campaign for the internally displaced persons (IDPs) of Swat valley. KFC Pakistan announced that Rs 10 from eve
Published 03 Jun, 2009 12:00am
We care

We care

Media, NGOs, philanthropists and businessmen, in fact people from all walks of life, are contributing in their respective capacities to alleviate the miseries of the IDPs. Even telecom companies have started an SMS messaging service whereby with every mes
Published 03 Jun, 2009 12:00am
IDPs

IDPs

Print and electronic media is giving a wrong feedback to the people by exaggerating problems faced by IDPs in the camps. We should realise that IDP camps sprang up with the sudden influx of the migrants from various areas that were affected by military op
Published 03 Jun, 2009 12:00am
Economy Ahmadinejad's big election test

Economy Ahmadinejad's big election test

In a way, Iranian restaurateur Mohsen Misaqi notes, President Mahmoud Ahmadinejad has fulfilled the promise to put oil wealth on the table of every family that swept him to power four years ago. "There is more money," said the middle-aged businessman in d
Published 03 Jun, 2009 12:00am
GOOD MORNING: The hope the new judicial policy brings

GOOD MORNING: The hope the new judicial policy brings

Offhand, there are atleast two significant aspects to this May 31 incident, which took place at the Naudero rest house where a scheduled open kutchery by the Sindh Chief Minister, Syed Qaim Ali Shah, actually brought disorder and stirred "chaos". The firs
Published 03 Jun, 2009 12:00am
A good beginning

A good beginning

The Supreme Court has ruled that a convict's sentence shall be counted from the day of his arrest. This ground-breaking ruling came on Monday when a specifically constituted larger bench overruled an earlier judgement which had contended that the sentence
Published 03 Jun, 2009 12:00am
Increasing external debt servicing

Increasing external debt servicing

It looks that mismanagement in the external sector would continue to haunt the country for a long time to come. This has become our habit to finance the current account deficit, resulting from an excess in import payments over export receipts through loan
Published 03 Jun, 2009 12:00am
LHC hearing on non-issuance of plot on June 4

LHC hearing on non-issuance of plot on June 4

The Chief Justice (CJ) of the Lahore High Court (LHC), Khawaja Muhammad Sharif taking suo motu notice over the alleged non-issuance of plots to three women, who made full payment in 1981 has directed the law officer to obtain a copy of the record of the s
Published 03 Jun, 2009 12:00am
Bahawalpur stop of Shalimar Express restored

Bahawalpur stop of Shalimar Express restored

Pakistan Railway has restored stop of Shalimar Express train at Bahawalpur Railway station on Tuesday. According to Station Master Bahawalpur, Malik Taj Muhammad, notification about the restoration of the stop has been issued.
Published 03 Jun, 2009 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 03 Jun, 2009 12:00am
Supplement revenue increase with expenditure cuts

Supplement revenue increase with expenditure cuts

Talking to the media, after a detailed presentation on the budgetary outlays to the National Assembly Committee on Finance, the Federal Secretary Finance and Revenue Salman Siddique has revealed that the provinces have agreed on taxing four services (with
Published 03 Jun, 2009 12:00am
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