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Print - 2009-08-31
Climate moot in Geneva to open today

Climate moot in Geneva to open today

The five-day World Climate Conference, to be attended by Pakistan, will open on Monday (today) in Geneva to contemplate steps to create a Global Framework for Climate Services. UN Secretary General, seventeen heads of state and as many as 100 government m
Published 31 Aug, 2009 12:00am
Philippines equities may to correct after run-up

Philippines equities may to correct after run-up

Philippines shares will likely to correct after a sharp run-up on the back of rising overseas markets and positive news on the local economy, dealers said Friday. The composite index closed 6.03 percent higher over the week to Friday to close at 2,884.18.
Published 31 Aug, 2009 12:00am
Australian shares likely to continue the rally

Australian shares likely to continue the rally

Australian shares are likely to continue their rally and defy expectations for a correction, boosted by better-than-expected data and corporate earnings, dealers said. The benchmark S&P/ASX 200 gained 199 points, or 4.64 percent over the week to close at
Published 31 Aug, 2009 12:00am
Indian shares likely to consolidate

Indian shares likely to consolidate

India's stock market could consolidate after a run-up in share prices driven by hopes for international economic recovery, dealers said. For the week to August 28, the benchmark 30-share Sensex index rose 4.47 percent, or 681.51 points, to 15,922.34.
Published 31 Aug, 2009 12:00am
Tokyo shares likely to see choppy trade

Tokyo shares likely to see choppy trade

Japanese shares are likely to see choppy trade due to concerns about the sustainability of a global economic recovery and the prospect of domestic political upheaval, analysts said on Friday.
Published 31 Aug, 2009 12:00am
Major fraud allegations in Afghan vote top 550

Major fraud allegations in Afghan vote top 550

Major allegations of fraud in Afghanistan's presidential election topped 550 by Sunday, more than doubling the figure investigators reported just two days earlier, officials said. The spike indicates just how pervasive ballot box stuffing and voter intimi
Published 31 Aug, 2009 12:00am
Iran's Ahmadinejad may face battle over new cabinet

Iran's Ahmadinejad may face battle over new cabinet

President Mahmoud Ahmadinejad's proposed new cabinet came in for criticism from some lawmakers in a heated parliamentary debate on Sunday, but one senior MP signalled support for the surprise oil minister nominee.
Published 31 Aug, 2009 12:00am
Iran restricts Hajj pilgrims over swine flu

Iran restricts Hajj pilgrims over swine flu

Iran has decided to place restrictions on pilgrims for the Muslim annual hajj pilgrimage expected to begin on November 19 in a bid to limit the spread of swine flu, the Mehr news agency reported. "People over the age of 65 and children under 12 will be pr
Published 31 Aug, 2009 12:00am
Iran restricts Hajj pilgrims over swine flu

Iran restricts Hajj pilgrims over swine flu

Iran has decided to place restrictions on pilgrims for the Muslim annual hajj pilgrimage expected to begin on November 19 in a bid to limit the spread of swine flu, the Mehr news agency reported. "People over the age of 65 and children under 12 will be pr
Published 31 Aug, 2009 12:00am
Gaddafi marks 40th year in power stronger than ever

Gaddafi marks 40th year in power stronger than ever

Libyan leader Moamer Gaddafi on Tuesday marks the 40th anniversary of the coup that brought him to power, strengthened by his improved ties with the West and his growing influence in Africa.
Published 31 Aug, 2009 12:00am
Wall Street building confidence but September peril looms

Wall Street building confidence but September peril looms

With confidence rising of a recovery from recession, Wall Street faces historically its worst month of the year with memories still fresh from last September's financial market debacle. The market streaks to a new month up some 50 percent from lows hit in
Published 31 Aug, 2009 12:00am
Fans mark would-have-been birthday of 'King of Pop'

Fans mark would-have-been birthday of 'King of Pop'

Fans around the world on Saturday marked what would have been the 51st birthday of late pop icon Michael Jackson as thousands braved rain in New York for a party organised by filmmaker Spike Lee. Lee arranged what he described as a "joyous, festive and ce
Published 31 Aug, 2009 12:00am
Saudi tightens security to protect oil plants

Saudi tightens security to protect oil plants

Saudi Arabia has tightened security at oil facilities after the country's anti-terror chief escaped a suicide attack, guards at Abqaiq, the world's biggest oil processing plant, said on Sunday. Abqaiq was the first Saudi oil target since Al Qaeda launched
Published 31 Aug, 2009 12:00am
Saudi tightens security to protect oil plants

Saudi tightens security to protect oil plants

Saudi Arabia has tightened security at oil facilities after the country's anti-terror chief escaped a suicide attack, guards at Abqaiq, the world's biggest oil processing plant, said on Sunday. Abqaiq was the first Saudi oil target since Al Qaeda launched
Published 31 Aug, 2009 12:00am
Germans left hopes to unsettle Merkel in state votes

Germans left hopes to unsettle Merkel in state votes

Voters in three German states headed to the polls on Sunday for regional elections that are seen as a key test of sentiment before a federal vote next month in which Chancellor Angela Merkel hopes to win a second term.
Published 31 Aug, 2009 12:00am
Qaeda names suicide bomber

Qaeda names suicide bomber

Al Qaeda in the Arabian Peninsula has identified the suicide bomber who tried to assassinate Saudi Arabia's deputy interior minister, a US monitoring group reported on Sunday. SITE Intelligence Group cited a statement posted on Jihadist Internet forums as
Published 31 Aug, 2009 12:00am
Saudi prince defends policy on militants

Saudi prince defends policy on militants

Saudi Interior Minister Prince Nayef defended late on Saturday the policy of enticing "repentant" militants after one tried to assassinate his son, but warned there could be more and worse attacks ahead.
Published 31 Aug, 2009 12:00am
Murderer of Jaleel Andrabi yet to be arrested

Murderer of Jaleel Andrabi yet to be arrested

Indian Central Bureau of Intelligence (CBI) has completely failed to arrest Major Avtar Singh, in connection with the custodial murder of noted Kashmiri human rights activist, Jaleel Andrabi despite Judicial Magistrate warrants in this regard.
Published 31 Aug, 2009 12:00am
Tailors stop booking for more stitching

Tailors stop booking for more stitching

Most of the tailor masters of Rawalpindi-Islamabad have stopped further booking for stitching cloths owing to excessive rush much ahead of Eid-ul-Fitr. "We have already taken clothes for stitching till Eid and have no more space to take further orders," s
Published 31 Aug, 2009 12:00am
Sri Lanka whitewash Kiwis despite Vettori ton

Sri Lanka whitewash Kiwis despite Vettori ton

Sri Lanka clinched second spot behind South Africa in the official rankings as they swept aside New Zealand by 96 runs in the final Test on Sunday to sweep the series 2-0. Left-arm spinner Rangana Herath claimed five wickets as the Kiwis, set an improbabl
Published 31 Aug, 2009 12:00am
Firefighters battle fierce California wildfires

Firefighters battle fierce California wildfires

Raging southern California wildfires showed no signs of abating early Sunday, injuring three people and prompting evacuation of 4,000 homes a day after Governor Arnold Schwarzenegger declared a state of emergency.
Published 31 Aug, 2009 12:00am
Kennedy laid to rest near his brothers

Kennedy laid to rest near his brothers

Democratic lion Edward Kennedy has been reunited with his slain brothers - laid to rest in a Virginia cemetery as a lone bugle player brought the curtain down on a US political dynasty. Surrounded by his tight-knit family which has dominated US politics f
Published 31 Aug, 2009 12:00am
Beggars flock twin cities

Beggars flock twin cities

With the blessing of Ramazan, a number of professional beggars throng the twin cities' roads, making it impossible for the faithful to drive their vehicles. As it is the month of charity and exhibiting generosity, hundreds of beggars appear on roads, sit
Published 31 Aug, 2009 12:00am
AJK to build longest-ever cable stay bridge over Mangla dam

AJK to build longest-ever cable stay bridge over Mangla dam

AJK government has inked a revised Rs 5.82 billion plan for the construction of first ever mega 2km long cable stay bridge over huge Mangla dam reservoir to link Mirpur city with adjoining thickly-populated historic Islamgarh, formerly Akaalgarh town, off
Published 31 Aug, 2009 12:00am
Prime Minister sends greetings to Kyrgyz government on national day

Prime Minister sends greetings to Kyrgyz government on national day

Prime Minister Syed Yousuf Raza Gilani has sent a message of greetings to the Prime Minister of the Republic of Kyrgyzstan Igor Chundinov on their national day falling on August 31. In his message, the Prime Minister said: "Please accept, on behalf of the
Published 31 Aug, 2009 12:00am
I want to remove negativity about Jinnah: Jaswant

I want to remove negativity about Jinnah: Jaswant

Veteran politician Jawant Singh has said he wants to remove negativity about Quaid-e-Azam Muhammed Ali Jinnah. 'I want to remove the negativity surrounding Jinnah,' Singh said while talking to people who thronged at a book stall in the book fair here to g
Published 31 Aug, 2009 12:00am
Price control measures

Price control measures

The government, by and large, has failed to control the prices of consumer goods. There is confusion at the latest mess created by the government to fix the price of sugar. From Rs thirty six per kilo it has agreed to sell sugar at Rs forty five. Even at
Published 31 Aug, 2009 12:00am
Issuing NOC to makers of fake products

Issuing NOC to makers of fake products

It was shocking to see such irresponsible piece of baseless and distorted reporting of Amir Majeed published in BR on 27th August under the caption 'Four senior directors of MOST sacked, six suspended'. Kindly, there is a need to check and verify the cont
Published 31 Aug, 2009 12:00am
Rehabilitated hockey ground in Mingora inaugurated

Rehabilitated hockey ground in Mingora inaugurated

The newly rehabilitated Makan Bagh Hockey Ground in Mingora was inaugurated on Sunday by the Provincial Minister for Environment Wajid Ali Khan. Speaking on the occasion, the Minister said that the ground was rehabilitated by Malakand Development Program
Published 31 Aug, 2009 12:00am
Unilever's dividend payout good but sounds alerts

Unilever's dividend payout good but sounds alerts

The country's largest FMCG firm, Unilever Pakistan announced its half year 2009 results on Friday showing an earnings slide of 4 percent, mainly due to high distribution cost despite a reasonable increase in revenues during the period. Unilever reported e
Published 31 Aug, 2009 12:00am
BAFL's earnings checked by sliding deposits

BAFL's earnings checked by sliding deposits

Bank Alfalah's biggest problem is its declining deposit base. Although the lender has a high concentration in the lucrative consumer segment loans and decent penetration in the non-core segment, a low advance-to-deposit ratio and higher proportion of fixe
Published 31 Aug, 2009 12:00am
NFC 2009: a potential light at the end of a very dark tunnel

NFC 2009: a potential light at the end of a very dark tunnel

The government's reputation has been recently battered by a plethora of administrative issues relating to sugar, power and trade policy, amidst others, but the likelihood that a provincial consensus may be achieved on NFC award for the first time in 13 ye
Published 31 Aug, 2009 12:00am
'Smokers' paradise' Spain plans tougher ban

'Smokers' paradise' Spain plans tougher ban

When Spain toughened anti-smoking legislation in 2006, the measure was hailed as an important step forward in the battle against addiction in the country formerly known as a "smokers' paradise." Three and half years later, however, smoke is again floating
Published 31 Aug, 2009 12:00am
Afghan vote snarls US job instead of easing it

Afghan vote snarls US job instead of easing it

Inconclusive election results in Afghanistan, disappointing voter turnout and the prospect of rising ethnic tensions and political turmoil are new roadblocks to the Obama administration's plan to turn around a backsliding war.
Published 31 Aug, 2009 12:00am
Political cauldron

Political cauldron

The latest Gallup poll suggests that 71 percent of the people of this country want "harsh or mild punishment" for former President Musharraf. Should this statistic send a warning to the government?
Published 31 Aug, 2009 12:00am
Local government system: MQM has a case

Local government system: MQM has a case

The thorny issue of local government system did come up in the meeting President Zardari had with Altaf Hussain in London on Thursday but, going by the media reports, it appears that differences over this make-or-break question persisted and no fresh grou
Published 31 Aug, 2009 12:00am
Withered buntings, flags collected, lowered into sea

Withered buntings, flags collected, lowered into sea

The withered buntings and national flags were collected from streets and other places by the volunteers of Chhipa Welfare Association and then disposed of in a respectable manner by lowering into the sea. This was announced in a statement of the Associati
Published 31 Aug, 2009 12:00am
Need of scientific research stressed

Need of scientific research stressed

The need of scientific research has become more significant in the present day era. This was stated by the Principal of Bahria University Medical and Dental College, Professor Tipu Sultan, here on Sunday. He was speaking at the concluding session of two-d
Published 31 Aug, 2009 12:00am
CDGK sends 40 profiteers to jail

CDGK sends 40 profiteers to jail

The magistrates of the City District Government Karachi (CDGK) conducted raids in various areas, markets, bazaars and shopping centres on Sunday. A CDGK statement said that 256 profiteers were challaned and fine of Rs 326,000 were recovered. It said that
Published 31 Aug, 2009 12:00am
The genesis of an inverted yield curve

The genesis of an inverted yield curve

It is generally expected that investment of funds in longer dated maturities would yield comparatively higher dividends. Exception to this usual behaviour was observed when lower cut-off rates were offered on 12 months paper, compared to the six months tr
Published 31 Aug, 2009 12:00am
No let-up in essentials price rise, business remains at low ebb

No let-up in essentials price rise, business remains at low ebb

There was no let up in rise in essential which has started scaling up much before the holy Ramazan, as a result traders were complaining hardly any sales in retail though the first week is about to end. However, on the opening day seed and grain markets r
Published 31 Aug, 2009 12:00am
Shopkeepers fined for overcharging

Shopkeepers fined for overcharging

The Executive District Officer Revenue Hyderabad in a statement has informed that the Revenue Officers having special judicial powers have recovered a total fine of Rs 11, 900/- from 49 shopkeepers and persons on account of charging high prices from their
Published 31 Aug, 2009 12:00am
Five factories raided for using unhygienic fat

Five factories raided for using unhygienic fat

A team headed by deputy district officer Revenue and Special Judicial Magistrate New Karachi town Sunday raided five factories in sector 6-B Industrial Area, New Karachi town where fat of various animals brought from slaughter house was being used as raw
Published 31 Aug, 2009 12:00am
Complaint centres set up to control inflated prices

Complaint centres set up to control inflated prices

The DCO Hyderabad Aftab Ahmed Khatri has announced that eleven complaint centres have been established control price hike of essential commodities of daily use, in this connection the staff of Market Committee has been constituted in the district.
Published 31 Aug, 2009 12:00am
Number of flour stalls increased to 28 in Hyderabad

Number of flour stalls increased to 28 in Hyderabad

The District Food Controller Hyderabad, Salahuddin Shaikh has said that after consultation with the Minister Livestock and Fisheries Sindh the total number of flour stalls has again been increased up to 28 in all four talukas of the district Hyderabad. Wh
Published 31 Aug, 2009 12:00am
Cotton prices fluctuate within narrow margin of Rs 200

Cotton prices fluctuate within narrow margin of Rs 200

The reports of pest-attack specially of Cotton Leaf Curl Virus (CLCV) on cotton crop had certainly sent a wave of concern to cotton market and there were reports of damage to cotton crop in some cotton areas in Punjab, Sindh province being quite safe. Lat
Published 31 Aug, 2009 12:00am
Cotton prices fluctuate within narrow margin of Rs 200

Cotton prices fluctuate within narrow margin of Rs 200

The reports of pest-attack specially of Cotton Leaf Curl Virus (CLCV) on cotton crop had certainly sent a wave of concern to cotton market and there were reports of damage to cotton crop in some cotton areas in Punjab, Sindh province being quite safe. Lat
Published 31 Aug, 2009 12:00am
Aggressive buying causes short supply, increased prices

Aggressive buying causes short supply, increased prices

Trading in cotton improved naturally because cotton production was expected in bumper shape, on the other hand manufacturers and exporters of textiles were preparing for rise in exports quantitatively. The spot rate was down by Rs 25 to Rs 3425 but raised
Published 31 Aug, 2009 12:00am
Aggressive buying causes short supply, increased prices

Aggressive buying causes short supply, increased prices

Trading in cotton improved naturally because cotton production was expected in bumper shape, on the other hand manufacturers and exporters of textiles were preparing for rise in exports quantitatively. The spot rate was down by Rs 25 to Rs 3425 but raised
Published 31 Aug, 2009 12:00am
Founder Group elected unopposed for ICCI Executive Committee

Founder Group elected unopposed for ICCI Executive Committee

Founder Group has emerged as unopposed winner in the elections for Executive Committee Members of Islamabad Chamber of Commerce and Industry (ICCI) which fell vacant due to retirement of 10 Executive Members. The Election Commission was comprised of ICCI
Published 31 Aug, 2009 12:00am
Prime Minister greets Malaysian Premier on National Day

Prime Minister greets Malaysian Premier on National Day

Prime Minister Syed Yusuf Raza Gilani has sent his Malaysian counterpart Dato Seri Mohd Najib bin Haji Tun Abdul Razak's way a congenial message to felicitate him on the arrival of August 31, the National Day of Malaysia.
Published 31 Aug, 2009 12:00am
People of Northern Areas rejoiced over government package

People of Northern Areas rejoiced over government package

The dwellers of Northern Areas have warmly rejoiced Federal government's initiative to introduce a reform package aimed at turning the area into a prosperous place. Describing the step as a landmark achievement, they said the government won their hearts a
Published 31 Aug, 2009 12:00am
NBF to award Rs 1.2 million to best writers of kids' Literature

NBF to award Rs 1.2 million to best writers of kids' Literature

National Book Foundation (NBF) would award Rs 1.2 million to the best writers of `National Writing Competition 2009-10'. Afshan Sajid, Assistant Director NBF said that the writers can send three copies of their writing material in English, Urdu and region
Published 31 Aug, 2009 12:00am
Former Prime Minister AJK applauds empowerment of Northern Areas

Former Prime Minister AJK applauds empowerment of Northern Areas

Former Prime Minister of Azad Kashmir Sardar Attique Ahmed Khan has welcomed the proclamation of Gilgit- Baltistan, Empowerment and Self Rule Ordinance 2009, saying the step would help bringing the people of Northern Areas in the mainstream of national po
Published 31 Aug, 2009 12:00am
Sugar crisis dampens Eid spirits

Sugar crisis dampens Eid spirits

A sugar crisis in country has wrong-footed the political leadership as mills owned by lawmakers are blamed for compounding the miseries of people and housewives struggle to sweeten the Eid festival. Depeleted crops, international prices at 30-year highs a
Published 31 Aug, 2009 12:00am
Heavy rain expected today

Heavy rain expected today

The Meteorological department has forecast fairly widespread moderate to heavy rain with thunderstorm over Sindh for today (Monday). Scattered rain is also predicted over NWFP, northern Punjab and Kashmir.
Published 31 Aug, 2009 12:00am
Phutti price likely to be fixed at Rs 1,500/40 kg

Phutti price likely to be fixed at Rs 1,500/40 kg

The government is likely to fix seed-cotton (phutti) intervention price at Rs 1500 per 40 kg for the base grade 3, with staple length 1-1/32 during 2009-10, an increase of Rs 35 (less than one rupee per 40 kg of Rs 1465 last year), sources told Busines
Published 31 Aug, 2009 12:00am
Phutti price likely to be fixed at Rs 1,500/40 kg

Phutti price likely to be fixed at Rs 1,500/40 kg

The government is likely to fix seed-cotton (phutti) intervention price at Rs 1500 per 40 kg for the base grade 3, with staple length 1-1/32 during 2009-10, an increase of Rs 35 (less than one rupee per 40 kg of Rs 1465 last year), sources told Busines
Published 31 Aug, 2009 12:00am
Phutti price likely to be fixed at Rs 1,500/40 kg

Phutti price likely to be fixed at Rs 1,500/40 kg

The government is likely to fix seed-cotton (phutti) intervention price at Rs 1500 per 40 kg for the base grade 3, with staple length 1-1/32 during 2009-10, an increase of Rs 35 (less than one rupee per 40 kg of Rs 1465 last year), sources told Busines
Published 31 Aug, 2009 12:00am
World Bank asks FBR to remove IMS/PRAL functions overlapping

World Bank asks FBR to remove IMS/PRAL functions overlapping

The World Bank (WB) has urged the Federal Board of Revenue (FBR) to remove overlapping of functions between FBR Information Management Wing (IMS) and Pakistan Revenue Automation Limited (PRAL) to clearly define functions for procurement of IT-related equi
Published 31 Aug, 2009 12:00am
World Bank asks FBR to remove IMS/PRAL functions overlapping

World Bank asks FBR to remove IMS/PRAL functions overlapping

The World Bank (WB) has urged the Federal Board of Revenue (FBR) to remove overlapping of functions between FBR Information Management Wing (IMS) and Pakistan Revenue Automation Limited (PRAL) to clearly define functions for procurement of IT-related equi
Published 31 Aug, 2009 12:00am
World Bank asks FBR to remove IMS/PRAL functions overlapping

World Bank asks FBR to remove IMS/PRAL functions overlapping

The World Bank (WB) has urged the Federal Board of Revenue (FBR) to remove overlapping of functions between FBR Information Management Wing (IMS) and Pakistan Revenue Automation Limited (PRAL) to clearly define functions for procurement of IT-related equi
Published 31 Aug, 2009 12:00am
KSE index surges by 433.28 points

KSE index surges by 433.28 points

Healthy buying was witnessed at Karachi share market during the week ended on August 28, 2009 as a result of which the KSE-100 index surged by 433.28 points, or 5.3 percent, to close at 8,541 points against 8107.94 points. Despite negative news flow in te
Published 31 Aug, 2009 12:00am
KSE index surges by 433.28 points

KSE index surges by 433.28 points

Healthy buying was witnessed at Karachi share market during the week ended on August 28, 2009 as a result of which the KSE-100 index surged by 433.28 points, or 5.3 percent, to close at 8,541 points against 8107.94 points. Despite negative news flow in te
Published 31 Aug, 2009 12:00am
KSE index surges by 433.28 points

KSE index surges by 433.28 points

Healthy buying was witnessed at Karachi share market during the week ended on August 28, 2009 as a result of which the KSE-100 index surged by 433.28 points, or 5.3 percent, to close at 8,541 points against 8107.94 points. Despite negative news flow in te
Published 31 Aug, 2009 12:00am
Gilani leaves to attend 40th anniversary of Libyan revolution

Gilani leaves to attend 40th anniversary of Libyan revolution

Prime Minister Syed Yousuf Raza Gilani left here on Sunday to attend the 40th anniversary of Libyan revolution. On the sidelines of the anniversary celebrations he would hold meetings with Libyan and world leaders to apprise them of Pakistan's efforts in
Published 31 Aug, 2009 12:00am
Britain 'made u-turn on Lockerbie bomber for oil': report

Britain 'made u-turn on Lockerbie bomber for oil': report

The British government decided two years ago it was "in the overwhelming interests of the United Kingdom" to make the Lockerbie bomber eligible for return to Libya, The Sunday Times newspaper reported.
Published 31 Aug, 2009 12:00am
Britain 'made u-turn on Lockerbie bomber for oil': report

Britain 'made u-turn on Lockerbie bomber for oil': report

The British government decided two years ago it was "in the overwhelming interests of the United Kingdom" to make the Lockerbie bomber eligible for return to Libya, The Sunday Times newspaper reported.
Published 31 Aug, 2009 12:00am
Seven people found slain at US mobile home; two injured

Seven people found slain at US mobile home; two injured

Seven people were killed and two critically injured at a mobile home located on a historic plantation in south-eastern Georgia, officials said Saturday. Glynn County spokeswoman Candice Temple wouldn't say how they were killed. The county's police chief,
Published 31 Aug, 2009 12:00am
Local tractors dominate domestic market: experts

Local tractors dominate domestic market: experts

Engineering experts claimed that local tractors completely dominate the domestic market as compared to imported tractors because they are competitive due to usage of a large number of local parts. If the same practice is adopted by car manufacturers, it w
Published 31 Aug, 2009 12:00am
MONEY WEEK: budgetary borrowings from SBP plummet to Rs 26 billion

MONEY WEEK: budgetary borrowings from SBP plummet to Rs 26 billion

Budgetary borrowings from the central bank--State Bank of Pakistan--registered a quantum drop during the week ended on August 15, 2009. By the end of the previous week, the government had borrowed Rs103 billion to bridge its expenditure/revenue gap from t
Published 31 Aug, 2009 12:00am
PNS Khaibar leaves to participate in anti-piracy operations

PNS Khaibar leaves to participate in anti-piracy operations

Pakistan Navy Ship Khaibar departed Sunday for participation in Anti-Piracy Operations in the Gulf of Aden as part of Task Force-151. An ISPR (Navy) statement here said that it is the second Pakistan Navy Ship deployed with TF-151 which will cover a dista
Published 31 Aug, 2009 12:00am
MONEY WEEK: budgetary borrowings from SBP plummet to Rs 26 billion

MONEY WEEK: budgetary borrowings from SBP plummet to Rs 26 billion

Budgetary borrowings from the central bank--State Bank of Pakistan--registered a quantum drop during the week ended on August 15, 2009. By the end of the previous week, the government had borrowed Rs103 billion to bridge its expenditure/revenue gap from t
Published 31 Aug, 2009 12:00am
MONEY WEEK: budgetary borrowings from SBP plummet to Rs 26 billion

MONEY WEEK: budgetary borrowings from SBP plummet to Rs 26 billion

Budgetary borrowings from the central bank--State Bank of Pakistan--registered a quantum drop during the week ended on August 15, 2009. By the end of the previous week, the government had borrowed Rs103 billion to bridge its expenditure/revenue gap from t
Published 31 Aug, 2009 12:00am
Former Israeli Prime Minister Olmert indicted for corruption

Former Israeli Prime Minister Olmert indicted for corruption

Former Israeli Prime Minister Ehud Olmert was indicted on Sunday over corruption scandals that forced him to resign last year. The charges stem from allegations he took cash payments from a US businessman, advanced the interests of clients of a former law
Published 31 Aug, 2009 12:00am
US officials call on Pir Ahsanuddin

US officials call on Pir Ahsanuddin

Representatives of US Sate Department, Mark Palermo and Dr Warren Weinstein, called on Advisor to Chief Minister Punjab on Economic Affairs and Vice Chairman Punjab Board of Investment & Trade (PBIT), Pir Saad Ahsanuddin here on Sunday.
Published 31 Aug, 2009 12:00am
Altaf condemns Mingora blast

Altaf condemns Mingora blast

Chief of Muttahida Qaumi Movement (MQM), Altaf Hussain has strongly condemned the blast near Mingora police station on Sunday. In a statement issued by MQM here, he said Ramzan-ul-Mubarak is a month of blessings and those elements, who shed blood of innoc
Published 31 Aug, 2009 12:00am
Former Israeli Prime Minister Olmert indicted for corruption

Former Israeli Prime Minister Olmert indicted for corruption

Former Israeli Prime Minister Ehud Olmert was indicted on Sunday over corruption scandals that forced him to resign last year. The charges stem from allegations he took cash payments from a US businessman, advanced the interests of clients of a former law
Published 31 Aug, 2009 12:00am
Four persons burnt alive

Four persons burnt alive

At least four persons, including a woman died on the spot while another seven passengers sustained serious burn injuries when a CNG cylinder fitted in the van exploded with a bang. The injured were shifted to burn unit of Nishtar Hospital, Multan.
Published 31 Aug, 2009 12:00am
Kaira felicitated

Kaira felicitated

The Sindh Ministers Syed Murad Ali Shah and Syed Ali Mardan Shah have felicitated Federal Minister for Kashmir and Northern Areas (KANA) Qamar Zaman Kaira who is set to become the first Governor of Gilgit-Baltistan.
Published 31 Aug, 2009 12:00am
Mirwaiz appeals for world help to trace missing persons

Mirwaiz appeals for world help to trace missing persons

The APHC Chairman, Mirwaiz Umar Farooq, on the occasion of the International Day of the Disappeared appealed to the world community to play its role in finding out whereabouts of thousands of innocent Kashmiris missing in Indian troops' custody.
Published 31 Aug, 2009 12:00am
Transporters fleecing commuters

Transporters fleecing commuters

The CNG-fitted public transport vehicles plying on various routes in Multan city and on inter-city routes like Muzaffargarh, Dera Ghazi Khan, Bahawalpur, Layyah, Alipur, Jatoi, Seetpur, Kotadu, Taunsa Sharif, Dera Ismail Khan, Mian Wali, Bhakkar, Jhang, S
Published 31 Aug, 2009 12:00am
Sasta Ramazan bazaars set up throughout Punjab

Sasta Ramazan bazaars set up throughout Punjab

The Provincial Minister for Population Welfare, Neelam Jabbar Chaudhry said that the government has set up Sasta Ramazan bazaars throughout the province, so that the sugar, ghee, atta and other consuming items could be available in sufficient quantity at
Published 31 Aug, 2009 12:00am
Opposing views put revival of student unions on hold

Opposing views put revival of student unions on hold

It was announced to revive student unions in colleges more than a year back but the idea got stuck in a debate and the notification for the purpose has yet to be issued and no strategy has been formulated to implement the decision.
Published 31 Aug, 2009 12:00am
'Indian troops occupying over 2.7 million kanals of Kashmiris' land'

'Indian troops occupying over 2.7 million kanals of Kashmiris' land'

The Jammu and Kashmir Tehreek-e-Hurriyet (TH) has disclosed that Indian troops have not occupied 1,050,000, but over 2,750,000 kanals of land in occupied Kashmir. Tehreek-i-Hurriyet said that it had collected record of the occupied lands and would make pu
Published 31 Aug, 2009 12:00am
Dwellers of 'Kutchi abadis' to be provided plots

Dwellers of 'Kutchi abadis' to be provided plots

Punjab government has formulated a comprehensive plan costing Rs 2 billion for the construction of multistoried flats at each divisional headquarter of the province. Official sources told Business Recorder here on Sunday that the concept of constru
Published 31 Aug, 2009 12:00am
Mingora blast widely condemned

Mingora blast widely condemned

NWFP Governor, Owais Ahmed Ghani has strongly condemned the suicide bomb attack on police station at Mingora in District Swat and expressed his deep shock and grief over the loss of precious lives. The Governor has described the incident a highly cowardly
Published 31 Aug, 2009 12:00am
Emergency meeting called to curb cotton virus

Emergency meeting called to curb cotton virus

Provincial Minister for Agriculture, Ahmad Ali Oalakh has called the meeting of agriculture scientists on September 1 at Central Cotton Research Institute (CCRI) to overcome the leaf curl virus. According to the sources, leaf curl virus had destroyed almo
Published 31 Aug, 2009 12:00am
Special family rooms in jails being constructed

Special family rooms in jails being constructed

Special family rooms are being constructed in all major jails of the province to facilitate the convicts. Prisons IG Kokab Nadeem Warraich told APP here Sunday that in line with the order of Federal Shariat Court, Punjab Chief Minister Mian Shahbaz Sharif
Published 31 Aug, 2009 12:00am
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