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Print - 2009-07-05
Measures to improve irrigation system in DG Khan, Rajanpur underway

Measures to improve irrigation system in DG Khan, Rajanpur underway

Punjab Chief Minister, Muhammad Shahbaz Sharif, has said that effective measures are being taken to check the damages caused by hill torrents in Dera Ghazi Khan and Rajanpur areas and utilisation of their water for irrigation purposes, moreover, he said t
Published 05 Jul, 2009 12:00am
Latin America poised for quick exit from crisis: IDB

Latin America poised for quick exit from crisis: IDB

Latin America and the Caribbean are well placed to emerge from the storm buffeting much of the global economy, multilateral lenders said here Friday while meeting with regional ministers. The finance ministers gathered at Vina del Mar in Chile agreed to s
Published 05 Jul, 2009 12:00am
Greek Siemens suspect reportedly confessed

Greek Siemens suspect reportedly confessed

The former director of industrial giant Siemens AG in Greece, Michalis Christoforakos, has apparently confessed to charges of bribery, German media reported Saturday. The Greek manager, on remand in a Munich prison, reportedly described payoffs made by Si
Published 05 Jul, 2009 12:00am
10 firms submit bids for AIG Taiwan unit

10 firms submit bids for AIG Taiwan unit

About 10 global and Taiwan financial firms have submitted bids to buy troubled AIG's Taiwanese insurance unit, newspapers said on Saturday, in a deal that could fetch up to over $2 billion. Global private equity firms Kohlberg Kravis Roberts, MBK Partners
Published 05 Jul, 2009 12:00am
Swiss banks drop US clients due to UBS case

Swiss banks drop US clients due to UBS case

Swiss banks including ZKB and Mirabaud are pulling out of business with individuals who pay US taxes, newspaper Neue Zuercher Zeitung (NZZ) reported on Saturday. The banks are reacting to pressure from US authorities, who are waging a legal battle with UB
Published 05 Jul, 2009 12:00am
Alstom in exclusive talks on mega train deal

Alstom in exclusive talks on mega train deal

Alstom Transport is in exclusive talks with France's SNCF for a multi-billion euro train deal, an Alstom executive said on Saturday, adding the division was open to acquisitions. "Negotiations are not over yet but we are now the preferred bidder for the f
Published 05 Jul, 2009 12:00am
Total, CNPC to bid on Venezuela oil blocks

Total, CNPC to bid on Venezuela oil blocks

France's Total SA and China National Petroleum Corp plan to bid for two large oil blocks being auctioned in Venezuela, instead of one in which they had already shown interest, the Wall Street Journal reported, citing people involved in the bidding round.
Published 05 Jul, 2009 12:00am
BT offers staff a year at home for pay cut

BT offers staff a year at home for pay cut

BT, seeking to slash costs in the face of Britain's worst recession in years, is offering employees a year at home in return for a 75-percent pay cut, the telecoms operator said Saturday. Staff have also been offered a one-off payment of 1,000 pounds (1,1
Published 05 Jul, 2009 12:00am
ArcelorMittal to restart Gent furnace

ArcelorMittal to restart Gent furnace

ArcelorMittal, the world's largest steelmaker, will restart its second blast furnace in Gent, Belgium, by mid-August as inventories dwindle and demand edges up, it said in a statement. But it warned that reopening the blast furnace, which was shut in Apri
Published 05 Jul, 2009 12:00am
Dubai's Emaar shuts Algeria office

Dubai's Emaar shuts Algeria office

Dubai's Emaar Properties has closed its office in Algeria due to a lack of progress on its projects in the North African country, the company said on Saturday. "Emaar created designs for key developments in the country and the master plans were submitted
Published 05 Jul, 2009 12:00am
Stanford victims file class action suit against insurers

Stanford victims file class action suit against insurers

Two US legal firms announced Friday that they have filed a class action suit against a London-based insurer on behalf of the Mexican victims of fraudulent financier Allen Stanford. The lawsuit was filed by the Strasburger & Price and Castillo Snyder law f
Published 05 Jul, 2009 12:00am
Turkish bonds, stocks firm

Turkish bonds, stocks firm

Turkish stocks sustained 2009 high levels ahead of June inflation data on Friday while bond yields firmed towards a 2009 low to resist selling pressure in the global markets ensuing from a big drop in US payroll data.
Published 05 Jul, 2009 12:00am
Top Bosnian court suspends controversial trade law

Top Bosnian court suspends controversial trade law

Bosnia's constitutional court on Saturday suspended a law on the protection of domestic production after accusations that it violated a regional free trade treaty and Bosnian commitments to the European Union. The court made its ruling at the request of I
Published 05 Jul, 2009 12:00am
Mexican stocks slip

Mexican stocks slip

Mexican stocks fell on Friday, hit by losses in shares of cement giant Cemex after a deal to sell some of its assets to Austrian builder Strabag fell apart. The IPC stock index, fell 0.28 percent to 23,984. Trading volume was low as US markets were closed
Published 05 Jul, 2009 12:00am
Turkish bonds, stocks firm

Turkish bonds, stocks firm

Turkish stocks sustained 2009 high levels ahead of June inflation data on Friday while bond yields firmed towards a 2009 low to resist selling pressure in the global markets ensuing from a big drop in US payroll data.
Published 05 Jul, 2009 12:00am
South African stocks creep up

South African stocks creep up

South African stocks crept higher on Friday in a muted session as US markets remained closed, with Naspers the top gainer after backing the secondary listing of its Chinese unit. The rand softened slightly against the US dollar mainly due to domestic impo
Published 05 Jul, 2009 12:00am
Chile stocks up

Chile stocks up

Chile's leading share index rose on Friday, boosted by telecommunication stocks, and the peso firmed as traders took profits by selling dollars. The blue chip IPSA index closed up 0.39 percent at 3,116.06 points, preliminary closing data showed, while the
Published 05 Jul, 2009 12:00am
Emerging Markets: emerging assets lower

Emerging Markets: emerging assets lower

Emerging assets drifted lower on Friday in trade kept largely listless by a US market holiday and following Thursday's weak employment data from the world's largest economy. South Africa's rand fell over 1 percent against the dollar, backing off from rece
Published 05 Jul, 2009 12:00am
Emerging Markets: emerging assets lower

Emerging Markets: emerging assets lower

Emerging assets drifted lower on Friday in trade kept largely listless by a US market holiday and following Thursday's weak employment data from the world's largest economy. South Africa's rand fell over 1 percent against the dollar, backing off from rece
Published 05 Jul, 2009 12:00am
Korean bond prices up

Korean bond prices up

South Korean government bond prices rose almost across the board on Friday, buoyed by gains in US Treasury bonds, but analysts said the upside appeared limited due to strong domestic economic indicators. The yield on liquid 3-year treasury bonds shed 2 ba
Published 05 Jul, 2009 12:00am
Korean bond prices up

Korean bond prices up

South Korean government bond prices rose almost across the board on Friday, buoyed by gains in US Treasury bonds, but analysts said the upside appeared limited due to strong domestic economic indicators. The yield on liquid 3-year treasury bonds shed 2 ba
Published 05 Jul, 2009 12:00am
Brazil stocks inch down

Brazil stocks inch down

Brazilian stocks ended slightly lower on Friday after a session of light, choppy trading. The combination of a holiday in the United States, which closed markets there and investor caution about the global economy made for a day of little movement. "Today
Published 05 Jul, 2009 12:00am
JGB futures higher

JGB futures higher

Japanese government bonds climbed and futures hit a three-month high on Friday as stocks dropped after bleak US jobs data dampened expectations about the pace of economic recovery, helping demand for government debt. The benchmark 10-year yield slipped to
Published 05 Jul, 2009 12:00am
JGB futures higher

JGB futures higher

Japanese government bonds climbed and futures hit a three-month high on Friday as stocks dropped after bleak US jobs data dampened expectations about the pace of economic recovery, helping demand for government debt. The benchmark 10-year yield slipped to
Published 05 Jul, 2009 12:00am
China yields, IRS up

China yields, IRS up

Chinese bill and bond yields and interest rate swaps continued rising on Friday on the view that higher bill yields and repo rates at this week's open market operations, the first rises in more than a year, pointed to a tightening of liquidity policy ahea
Published 05 Jul, 2009 12:00am
China yields, IRS up

China yields, IRS up

Chinese bill and bond yields and interest rate swaps continued rising on Friday on the view that higher bill yields and repo rates at this week's open market operations, the first rises in more than a year, pointed to a tightening of liquidity policy ahea
Published 05 Jul, 2009 12:00am
Teck equity sale pushes Toronto's main stocks higher

Teck equity sale pushes Toronto's main stocks higher

Toronto's main stock index closed higher on Friday as Teck Resources Ltd's equity sale to China Investment Corp helped lift the resource-heavy market, but trading volumes were thin due to the Independence Day holiday in the United States. Teck said it wil
Published 05 Jul, 2009 12:00am
Canadian dollar down

Canadian dollar down

The Canadian dollar nudged higher against the greenback on Friday in thin trading with US markets closed for the Independence Day holiday, but it was lower on the week, its third straight week of declines. The Canadian dollar closed at C$1.1617 to the US
Published 05 Jul, 2009 12:00am
Pound to hover around current levels over next year

Pound to hover around current levels over next year

Sterling is seen holding around its current 8-month highs against the dollar over the coming year as the British economy eventually emerges from a deep recession, a Reuters poll showed. The monthly poll of forecasts from over 60 dealers and analysts saw t
Published 05 Jul, 2009 12:00am
Forex outlook: Dollar likely rangebound amid summer slumber

Forex outlook: Dollar likely rangebound amid summer slumber

Uncertainty about the strength of the world economy and concern about the US fiscal deficit will probably confine the dollar to a narrow trading range next week as markets ease into the typically quiet summer doldrums. Until now, the dollar has held up fa
Published 05 Jul, 2009 12:00am
Russian rouble eases

Russian rouble eases

The Russian rouble eased on Friday to a weighted average for tomorrow settlement of 31.2481 per dollar compared with 31.1252 the previous session. The average weighted rate, set at a joint trading session of eight exchanges across the country serves as th
Published 05 Jul, 2009 12:00am
East African units seen mixed in next week

East African units seen mixed in next week

The Kenya and Uganda shillings are expected to strengthen against the dollar in the next week to Wednesday, while the Tanzanian currency could hold steady.
Published 05 Jul, 2009 12:00am
Six killed in Bangladesh flash floods

Six killed in Bangladesh flash floods

A family of six were killed in northern Bangladesh on Saturday after heavy rains triggered landslides and flash floods that destroyed their house and left tens of thousands stranded, police said. "The six were sleeping when the wall of their mud-built hou
Published 05 Jul, 2009 12:00am
Militant ambush kills 10 Chechen cops

Militant ambush kills 10 Chechen cops

Ten Chechen policemen were killed Saturday when militants ambushed their convoy in the neighbouring Russian region of Ingushetia, one of the deadliest recent attacks in the increasingly volatile Caucasus. The convoy of six vehicles came under grenade and
Published 05 Jul, 2009 12:00am
Police investigate 'suspicious' London fire

Police investigate 'suspicious' London fire

Police launched an investigation on Saturday into a fire that ripped through a 1960s-era public housing block in south London, killing six people including a new-born baby. Chief Superintendent Wayne Chance, speaking outside the partly-blackened high-rise
Published 05 Jul, 2009 12:00am
Islamic revival tests Azerbaijan's tolerance

Islamic revival tests Azerbaijan's tolerance

Nearly 20 years after it broke from the Soviet Union, Azerbaijan is seeing a deep religious revival, its ancient capital Baku dotted with new mosques and the call to prayer echoing through city streets. Designated by the Organisation of the Islamic Confer
Published 05 Jul, 2009 12:00am
Lithuania prepares to mark its 1,000th birthday

Lithuania prepares to mark its 1,000th birthday

The Baltic nation of Lithuania is bracing for a nationwide party as it prepares to mark its symbolic 1,000th birthday and give itself some respite from a daily fare of economic crisis headlines. Lithuania's woes - the economy is expected to shrink around
Published 05 Jul, 2009 12:00am
150,000 evacuated in south China after torrential rains

150,000 evacuated in south China after torrential rains

Chinese Prime Minister Wen Jiabao ordered local officials Saturday to step up flood control work in south China after over 150,000 people were forced to evacuate following torrential rains. Wen issued the orders after watching a video of workers furiously
Published 05 Jul, 2009 12:00am
Newsweek reporter faces Iran trial: lawyer

Newsweek reporter faces Iran trial: lawyer

Newsweek journalist Maziar Bahari and a number of reformist leaders in Iran are to face trial accused of "acting against national security," their lawyer Saleh Nikbakht told AFP on Saturday. "Bahari is accused of acting against national security, and I st
Published 05 Jul, 2009 12:00am
Seven Turks die in bus crash in Bulgaria

Seven Turks die in bus crash in Bulgaria

Seven Turks, including a child, died on Saturday when their minibus crashed into a Serbian-owned bus in southern Bulgaria, police said. The driver of the bus was injured in the accident near the town of Svilengrad on the Bulgarian border with Turkey, the
Published 05 Jul, 2009 12:00am
Another lawsuit against Vietnam Prime Minister in mines row

Another lawsuit against Vietnam Prime Minister in mines row

A Vietnamese legal adviser said Saturday he had filed a new lawsuit against his country's prime minister for violating environmental laws with a controversial bauxite mining plan. Cu Huy Ha Vu first filed legal action against the communist leader Nguyen T
Published 05 Jul, 2009 12:00am
Iran hangs 20 drug traffickers in mass execution

Iran hangs 20 drug traffickers in mass execution

Iran on Saturday hanged 20 people for drug trafficking at a prison in Karaj, west of the capital, the semi-official Fars news agency reported. Fars said more than 700 kilos (1,540 pounds) of drugs, including heroin, cocaine and opium, were seized from the
Published 05 Jul, 2009 12:00am
'Slumdog Millionaire' child star moves into new home

'Slumdog Millionaire' child star moves into new home

One of the child actors from the Oscar-winning film "Slumdog Millionaire" has moved from his Mumbai shantytown shack into a new home, the trust set up to manage his interests said Saturday. "Azharuddin Ismail's family moved into their new home last evenin
Published 05 Jul, 2009 12:00am
AU ruling means Bashir can travel in Africa: Sudan

AU ruling means Bashir can travel in Africa: Sudan

Sudan said on Saturday its president was free to travel across Africa after heads of state of the African Union voted not to cooperate with the International Criminal Court's indictment of him The global court has issued an arrest warrant for President Om
Published 05 Jul, 2009 12:00am
Bodyline, the series that rocked cricket

Bodyline, the series that rocked cricket

There have been plenty of flashpoints in cricket in the more than 75 years since an England team led by Douglas Jardine and under the auspices of Marylebone Cricket Club (MCC), arrived in Australia. Even so, few have been as controversial as the 1932/33 B
Published 05 Jul, 2009 12:00am
Dhoni guides India to last over win

Dhoni guides India to last over win

Skipper Mahendra Singh Dhoni struck an unbeaten 46 off 34 balls to guide India to a six-wicket victory, under the Duckworth-Lewis method, in a rain affected third one-dayer against West Indies on Friday. India, who now lead the four-match series 2-1, need
Published 05 Jul, 2009 12:00am
Indian board restores domestic event after protests

Indian board restores domestic event after protests

The Indian cricket board said on Saturday it will work out a schedule for a key one-day domestic tournament after moves to axe the event were met with angry protests. "The schedule of the Deodhar Trophy will be finalised at the board's working committee m
Published 05 Jul, 2009 12:00am
Iraq to build 'Sport City' for 2012 Gulf Cup

Iraq to build 'Sport City' for 2012 Gulf Cup

Iraq is to construct a "Sport City" in the southern oil hub of Basra to host the Gulf Cup at the end of 2012, government spokesman Ali al-Dabbagh said on Saturday. "The council of ministers, on the recommendation of the minister for youth and Sports freed
Published 05 Jul, 2009 12:00am
I'm worth 94 millions euros, insists Ronaldo

I'm worth 94 millions euros, insists Ronaldo

Portuguese striker Cristiano Ronaldo said on Saturday that the 94 million euros Real Madrid paid for him was a "fair price" and he is delighted to be the most expensive player in the world. The former Manchester United player will put the finishing touche
Published 05 Jul, 2009 12:00am
Recent Wimbledon women's champions

Recent Wimbledon women's champions

Recent Wimbledon women's singles champions after Serena Williams defeated Venus Williams in Saturday's final at the All England Club:
Published 05 Jul, 2009 12:00am
Serena Williams wins Wimbledon title

Serena Williams wins Wimbledon title

Serena Williams clinched her third Wimbledon title and 11th Grand Slam crown with a 7-6 (7/3), 6-2 victory over sister Venus, the defending champion, here on Saturday. The victory added to her 2002 and 2003 wins at the All England Club and shattered Venus
Published 05 Jul, 2009 12:00am
Pakistan's young brigade rattles Sri Lanka

Pakistan's young brigade rattles Sri Lanka

Teenage fast bowler Mohammad Aamer led Pakistan's spirited new-look attack to bowl out Sri Lanka for 292 on the opening day of the first cricket Test here on Saturday. Pakistan were 15-2 in reply at stumps with skipper Younus Khan on seven and night-watch
Published 05 Jul, 2009 12:00am
Two foreign aid workers kidnapped in Darfur

Two foreign aid workers kidnapped in Darfur

Two women aid workers from Ireland and Uganda were kidnapped Friday by armed men in Sudan's volatile Darfur region, the scene of Africa's longest running conflict, officials told AFP. "Unidentified armed men came to the quarters of the (Irish) NGO Goal at
Published 05 Jul, 2009 12:00am
Storms cause flooding in Germany; two dead

Storms cause flooding in Germany; two dead

Officials say massive overnight storms have unleashed widespread flooding in southern Germany and caused the deaths of two people. Scores of nonfatal injuries have been reported from multiple traffic accidents on slick roads after Friday night's storms.
Published 05 Jul, 2009 12:00am
Demonstrators gather for G8 protest in Italy

Demonstrators gather for G8 protest in Italy

Anti-G8 demonstrators gathered on Saturday in an Italian city which is home to a contested US military base in the first big protest ahead of next week's summit of the world's richest nations. Organisers expect 10,000 people to attend the demonstration in
Published 05 Jul, 2009 12:00am
Pope calls on G8 nations to maintain and boost aid to world's poor

Pope calls on G8 nations to maintain and boost aid to world's poor

Pope Benedict XVI has called on the world's leading industrialised nations to maintain and strengthen assistance for poor nations during the world economic crisis, according to information released by the Vatican Saturday." I appeal to G8 member states ..
Published 05 Jul, 2009 12:00am
Sarah Palin resigns as Alaska governor

Sarah Palin resigns as Alaska governor

In a surprise move, Alaska Governor Sarah Palin on Friday said she was stepping down and would not seek re-election, fuelling swift speculation of a possible 2012 White House bid. Palin, who was Republican John McCain's running mate in his failed 2008 pre
Published 05 Jul, 2009 12:00am
British Prime Minister's wife joins gay pride parade

British Prime Minister's wife joins gay pride parade

The wife of British Prime Minister Gordon Brown has joined thousands of revellers in London's annual gay pride march. Sarah Brown held a red, white and pink version of the Union Jack as the noisy parade wound through the city center before a rally and con
Published 05 Jul, 2009 12:00am
Colin Powell cautions Obama on big government

Colin Powell cautions Obama on big government

Colin Powell worries that President Barack Obama is trying to tackle too many big issues at one time and he offers this advice: take a hard look at costs and consider the additional red tape that will be created. ``The right answer is, `Give me a governme
Published 05 Jul, 2009 12:00am
Hard-line Iran editor calls for Mousavi to face trial

Hard-line Iran editor calls for Mousavi to face trial

A newspaper editor seen as close to Iran's top authority said on Saturday defeated election candidate Mirhossein Mousavi and a former pro-reform president had committed "terrible crimes" which should be tried in court. In a commentary published in his har
Published 05 Jul, 2009 12:00am
Two US soldiers killed in complex Afghan attack

Two US soldiers killed in complex Afghan attack

Two US soldiers were killed when their base in south-east Afghanistan came under attack on Saturday, the US military said, two days after a major operation against the Taliban was launched in the south. The attack included an attempted suicide truck bombi
Published 05 Jul, 2009 12:00am
Egypt expels 20 suspected French Islamists

Egypt expels 20 suspected French Islamists

Egypt has expelled about 20 suspected French Islamists over the past month, an Egyptian security official told AFP on Saturday. "About 20 French Muslims detained in the investigation into the Cairo attack in February that cost the life of a French girl ha
Published 05 Jul, 2009 12:00am
Bahrain officials make unprecedented Israel trip

Bahrain officials make unprecedented Israel trip

Bahraini officials made an unprecedented visit to Israel to collect five Bahrainis detained trying to enter the Gaza Strip to deliver aid, local media reported Saturday. The Bahrain News Agency said the delegation was sent Friday by the interior and forei
Published 05 Jul, 2009 12:00am
Obama calls for reform in Independence Day address

Obama calls for reform in Independence Day address

US President Barack Obama urged Americans, who celebrate Independence Day Saturday, to implement broad economic and social reforms, expressing confidence the country will be able to overcome the challenges it is facing. "We are facing an array of challeng
Published 05 Jul, 2009 12:00am
BNZ sells $261 million government-backed bonds

BNZ sells $261 million government-backed bonds

Bank of New Zealand (BNZ) has sold NZ$415 million ($261 million) of fixed rate 2014 bonds at 60 basis points over swap, lead manager BNZ Capital said on Friday. The bonds carried a coupon of 4.775 percent and a price of 96.360169, giving a yield of 5.68 p
Published 05 Jul, 2009 12:00am
Biden celebrates Independence Day with troops, son

Biden celebrates Independence Day with troops, son

US Vice President Joe Biden on Saturday celebrated Independence Day with American troops, including his soldier son Beau, at their base near Baghdad, giving a colourful speech that mocked Saddam Hussein. Biden addressed soldiers at Camp Victory shortly af
Published 05 Jul, 2009 12:00am
BNZ sells $261 million government-backed bonds

BNZ sells $261 million government-backed bonds

Bank of New Zealand (BNZ) has sold NZ$415 million ($261 million) of fixed rate 2014 bonds at 60 basis points over swap, lead manager BNZ Capital said on Friday. The bonds carried a coupon of 4.775 percent and a price of 96.360169, giving a yield of 5.68 p
Published 05 Jul, 2009 12:00am
IPO most popular in Hong Kong so far this year

IPO most popular in Hong Kong so far this year

Shares in Chinese herbal shampoo maker BaWang International (Group) Holding Ltd soared more than a third in its market debut on Friday, bucking a weaker broader market, in a sign of strong demand for consumer goods stocks. BaWang, which hired movie star J
Published 05 Jul, 2009 12:00am
Seven militants killed, 12 Lashkar men martyred in Mohmand Agency

Seven militants killed, 12 Lashkar men martyred in Mohmand Agency

The clashes broke out between the Qaumi Lashkar and militants in Ambar tehsil of Mohmand agency on Saturday left at least seven militants dead and 12 Lashkar men (Razakars-volunteers) martyred while 16 tribesmen are still missing.
Published 05 Jul, 2009 12:00am
PPP Sindh to observe 'Black Day' on July 5

PPP Sindh to observe 'Black Day' on July 5

Pakistan People Party (PPP), Sindh will observe July 5, as "Black Day", as on this day the elected government of former prime minister, Shaheed Zulfikar Ali Bhutto was toppled by Zia-ul-Haq, and imposed martial law in 1977. Sindh Chief Minister, Syed Qaim
Published 05 Jul, 2009 12:00am
'Government to set up schools for poor'

'Government to set up schools for poor'

Commissioner Tahir Hussain said that the government had decided to set up 'Centre of Excellence Schooling Project' to provide free and quality education to students of poor families. He added that modern education facilities including computer labs, hoste
Published 05 Jul, 2009 12:00am
Entity ratings of Emirates Global Islamic Bank maintained

Entity ratings of Emirates Global Islamic Bank maintained

The Pakistan Credit Rating Agency (Pacra) has maintained the long-term and short-term entity ratings of Emirates Global Islamic Bank Limited (EGIBL) at A- (Single A minus) and A2 (A Two) respectively. These ratings denote a low expectation of credit risk
Published 05 Jul, 2009 12:00am
Entity ratings of Emirates Global Islamic Bank maintained

Entity ratings of Emirates Global Islamic Bank maintained

The Pakistan Credit Rating Agency (Pacra) has maintained the long-term and short-term entity ratings of Emirates Global Islamic Bank Limited (EGIBL) at A- (Single A minus) and A2 (A Two) respectively. These ratings denote a low expectation of credit risk
Published 05 Jul, 2009 12:00am
LHC constitutes 16 divisional benches

LHC constitutes 16 divisional benches

Chief Justice, Lahore High Court, (LHC), Khawaja Muhammad Sharif, on Saturday constituted 16 division benches (DBs) and 33 single benches (SBs) for disposal of the cases pending with principal seat of the august court for the week starting from July 06.
Published 05 Jul, 2009 12:00am
Murtaza Bhutto murder case hearing adjourned

Murtaza Bhutto murder case hearing adjourned

The hearing of murder case of Mir Murtaza Bhutto and seven others of PPP (Shaheed Bhutto group) was adjourned till July 11 by Additional District and Sessions Judge, East after recording of statement of one more Prosecution Witness (PW).
Published 05 Jul, 2009 12:00am
Government to challenge Jamaat-ud-Dawah chief's release order

Government to challenge Jamaat-ud-Dawah chief's release order

The Federation, along with the government of Punjab on Monday will challenge the decision of Lahore High Court (LHC) pertaining to release of Hafiz Mohammad Saeed, chief of Jamaat-ud-Dawah, detained in connection with Mumbai attacks last year.
Published 05 Jul, 2009 12:00am
Site Association to organise Eid bachat bazaar in Ramazan

Site Association to organise Eid bachat bazaar in Ramazan

The Site Association of industry would organise Eid Bachat Bazaar in the holy month of Ramazan. The bazar will be open from 26th August for 15 days, said Chief Organiser Rauf A. Sattar, says a press release. The basic idea of holding the bazaar is to high
Published 05 Jul, 2009 12:00am
KPT to reduce dock labour gradually with World Bank help: chairperson

KPT to reduce dock labour gradually with World Bank help: chairperson

The Chairperson of Karachi Port Trust (KPT), Ms Nasreen Haq, has said that dock labour is a permanent problem and a plan has been prepared to reduce labour force, slowly and gradually. Speaking at a meeting of Korangi Association of Trade and Industry (Ka
Published 05 Jul, 2009 12:00am
17 tehsils in Swat, other districts to be formed

17 tehsils in Swat, other districts to be formed

The government has decided to form 17 new tehsils in Swat, Buner, Upper and Lower Dir districts to improve law and order and the administrative system in the region. A summary to the effect has been forwarded to the Chief Minister of NWFP. The government
Published 05 Jul, 2009 12:00am
Tesco asks consumers to avoid lavish use of electricity

Tesco asks consumers to avoid lavish use of electricity

Chief Executive Officer Tribal Areas Electricity Supply Company (Tesco) Engr Rustam Zad Gul has asked the consumers in Fata to avoid use of air conditioners, local made electric tandoor and other high consuming electric appliances during current summer se
Published 05 Jul, 2009 12:00am
Security alert gives another blow to D-12 allottees

Security alert gives another blow to D-12 allottees

The development of much-delayed residential sector D-12 is being hampered after the security of the federal capital was raised to high alert, banning the entry of dumpers in the federal capital carrying construction material and heavy machinery.
Published 05 Jul, 2009 12:00am
'Over 85 percent farmers suffering from vitamin-A deficiency'

'Over 85 percent farmers suffering from vitamin-A deficiency'

More than 85 per cent farmers are suffering from deficiency of vitamin-A and 47 per cent are not getting adequate volume of calcium. Keeping in view the farmers' needs the agriculture scientists should come up with logical solutions to their problems.
Published 05 Jul, 2009 12:00am
Relief of IDPs: President lauds UAE government's support

Relief of IDPs: President lauds UAE government's support

President Asif Ali Zardari on Saturday said that Pakistan attaches high value to its friendship and brotherly relations with UAE and urged for further enhancing the socio-economic and trade ties between the two countries. President was talking to Foreign
Published 05 Jul, 2009 12:00am
Chaudhris, dissidents draw battle lines

Chaudhris, dissidents draw battle lines

Serious differences cropped up within the PML-Q ranks on Saturday as both the sides - Chaudhris camp and the dissident group - resorted to trade allegations against each other in front of the public. The situation went from bad to worse with the announcem
Published 05 Jul, 2009 12:00am
Canada-Pakistan Trade Exposition from July 8

Canada-Pakistan Trade Exposition from July 8

A trade exhibition 'Canada-Pakistan Trade Expo' would be held in Toronto, Canada, with the joint collaboration of Trade Development Authority of Pakistan (TDAP), Consulate General of Pakistan Toronto, and event management company M/s Universal Promotions.
Published 05 Jul, 2009 12:00am
Seven held with arms, ammunition after police encounter

Seven held with arms, ammunition after police encounter

Indiscriminate firing caused panic in Shahzad Town area-one of the most Posh localities in the capital. Islamabad Police arrested seven persons along with arms and ammunition. Shahzad Town is adjacent to Rawal Dam and known for its better environment and
Published 05 Jul, 2009 12:00am
Rift resurfacing between PPP and PML-N in Punjab

Rift resurfacing between PPP and PML-N in Punjab

A rift is resurfacing between the Pakistan People's Party (PPP) and the Pakistan Muslim League-Nawaz (PML-N) as sources in the PPP Punjab have blamed the PML-N for sponsoring a shutter down strike by traders. It may be noted that Anjuman-e-Tajiran Lahore
Published 05 Jul, 2009 12:00am
Minister expresses concern over gray trafficking in telecommunication

Minister expresses concern over gray trafficking in telecommunication

Federal Minister for Investment senator Waqar Ahmed Khan expressed his concern over the gray trafficking by illega1 operators in telecommunication sector causing loss of $110 million per annum to the national exchequer. He said this while chairing a meeti
Published 05 Jul, 2009 12:00am
DHA directed to ensure transparency in utilisation of funds

DHA directed to ensure transparency in utilisation of funds

The National Assembly's Standing Committee on Defence has directed the Defence Housing Authority (DHA) to ensure transparency in utilisation of funds and also take its residents onboard while levying taxes or increasing the existing charges to avoid resen
Published 05 Jul, 2009 12:00am
Courts start working in Lower Dir

Courts start working in Lower Dir

The courts have started working in Lower Dir after a gap of two months following the directives of Peshawar High Court (PHC). According to a private TV channel, the courts of additional sessions judge Faqir Rehman Jadoon, Ataullah Khan in Timergira and Ta
Published 05 Jul, 2009 12:00am
DSPEI fails to initiate crackdown against illegal private schools

DSPEI fails to initiate crackdown against illegal private schools

Despite tall claims, Directorate of Sindh Private Education Institution (DSPEI) could not initiate crackdown against illegally run private educational institutes to ensure quality institution. Many private educational institutes, it is observed, registere
Published 05 Jul, 2009 12:00am
UAE foreign minister calls on Zardari

UAE foreign minister calls on Zardari

Sheikh Abdullah Bin Zayed Al- Nahyan, Foreign Minister of United Arab Emirates (UAE) called on President Asif Ali Zardari here on Saturday at the Presidency. Those who attended the meeting included Senator A Rehman Malik, Interior Minister, M Salman Faruq
Published 05 Jul, 2009 12:00am
Financial crisis hit higher education sector hard: report

Financial crisis hit higher education sector hard: report

Financial crisis faced by the country has hit the higher education sector hard, Planning Commission report unveiled. According to official statistics, number of new development projects was reduced from 116 during 2007-08 to 29 during 2008-09.
Published 05 Jul, 2009 12:00am
Over 70,000 IDP families issued Relief Cards

Over 70,000 IDP families issued Relief Cards

Relief cards have been issued to more than 70,000 Internally Displaced Persons (IDPs) families out of 2,73,000 families affected by the ongoing military operation 'Rah-e-Raast' in Malakand division, said Brigadier Badr-uz-Zaman, Field Commander of the Spe
Published 05 Jul, 2009 12:00am
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