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Oct 05, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2009-10-23
Sterling slips

Sterling slips

Sterling weakened on Thursday, retreating from one-month highs against the dollar and euro after UK retail sales undershot forecasts and a Bank of England policymaker said quantitative easing could be extended if necessary. The September retail sales figu
Published 23 Oct, 2009 12:00am
Indian rupee at two-week low

Indian rupee at two-week low

The Indian rupee fell to a two-week low on Thursday, as falling share prices raised concerns whether strong inflows seen so far in 2009 could be sustained in the coming weeks, while the dollar's rise overseas also dampened sentiment. The partially convert
Published 23 Oct, 2009 12:00am
Asian spreads widen for second day

Asian spreads widen for second day

Newly-issued bonds from Chinese firm Lumena Resources were quoted below their offer price but traders said no deals had been done as investors remained edgy about risky assets amid weak regional stock markets. In the broader market, the Asia ex-Japan iTra
Published 23 Oct, 2009 12:00am
Asian spreads widen for second day

Asian spreads widen for second day

Newly-issued bonds from Chinese firm Lumena Resources were quoted below their offer price but traders said no deals had been done as investors remained edgy about risky assets amid weak regional stock markets. In the broader market, the Asia ex-Japan iTra
Published 23 Oct, 2009 12:00am
European CDS widen

European CDS widen

European corporate credit default swaps were wider on Thursday, but they edged away from earlier session wides after Wall Street turned positive. By 1538 GMT, the investment-grade Markit iTraxx Europe index was at 84 basis points, according to data from M
Published 23 Oct, 2009 12:00am
European CDS widen

European CDS widen

European corporate credit default swaps were wider on Thursday, but they edged away from earlier session wides after Wall Street turned positive. By 1538 GMT, the investment-grade Markit iTraxx Europe index was at 84 basis points, according to data from M
Published 23 Oct, 2009 12:00am
Indian shares drop 1.29 percent

Indian shares drop 1.29 percent

Indian shares fell 1.29 percent on Thursday, tracking weak global markets, as investors took profits with share prices at near 17-month highs, dealers said. The benchmark 30-share Sensex index fell 219.43 points to 16,789.74. Trading sentiment remained we
Published 23 Oct, 2009 12:00am
Thursday's midday trade: Dow up, Nasdaq falls

Thursday's midday trade: Dow up, Nasdaq falls

The Dow industrials gained on Thursday on strong earnings reports from several components, while the Nasdaq fell on weakness in Ericsson and other technology names. A number of Dow members reported better-than-expected results, with 3M Co, Travellers Cos
Published 23 Oct, 2009 12:00am
UK's top share index falls

UK's top share index falls

Britain's top share index closed 1 percent down on Thursday, coming off earlier lows, as weaker crude and metals weighed on energy stocks and miners. The FTSE 100 ended 50.49 points lower at 5,207.36, having come off earlier lows of 5,166.46 but strugglin
Published 23 Oct, 2009 12:00am
New York cotton fractionally higher

New York cotton fractionally higher

Cotton futures closed fractionally higher Thursday as investment fund buy-backs late in the session pared market losses caused by a firmer dollar, brokers said. Any losses in fibre contracts were apparently used by investment funds to plow more money into
Published 23 Oct, 2009 12:00am
Copper flat, zinc jumps

Copper flat, zinc jumps

Copper struggled for direction on Thursday as upbeat Chinese economic data offset a rebound in the dollar and worries that prices had run ahead of fundamentals. Copper for three-months delivery on the London Metal Exchange was untraded in closing rings, b
Published 23 Oct, 2009 12:00am
Oil falls on US data

Oil falls on US data

Oil prices fell from a one-year high on Thursday as a rise in new US jobless claims sent investors seeking safer havens. US crude oil futures settled down 18 cents at $81.19 a barrel, after touching a one-year high of $82 a barrel on Wednesday. In London,
Published 23 Oct, 2009 12:00am
London sugar and coffee lower; cocoa up

London sugar and coffee lower; cocoa up

December white sugar in London ended $11.50 lower at $587.10 per tonne on Thursday, depressed by a firmer dollar and lack of offtake in the physical market. London November coffee ended $13 lower at $1,437 a tonne, also weighed by a stronger dollar. March
Published 23 Oct, 2009 12:00am
Gold eases in Europe

Gold eases in Europe

Gold prices eased on Thursday as the dollar clawed back lost ground against the euro, denting interest in the metal as an alternative to the US currency. A decline in the equity markets in early trade dented appetite for risk, benefiting the dollar at the
Published 23 Oct, 2009 12:00am
US MIDDAY: coffee and sugar fall

US MIDDAY: coffee and sugar fall

Summaries of the ICE Futures US cocoa, coffee and sugar markets early on Thursday. December arabica coffee contract fell 1.75 cents to $1.4255 per lb at 11:08 am EDT (1508 GMT). Session range from $1.4030 to $1.4355. Arabica coffee futures moved sideways,
Published 23 Oct, 2009 12:00am
US MIDDAY: wheat rises

US MIDDAY: wheat rises

Soft red winter wheat futures rose at the Chicago Board of Trade in afternoon trading on Thursday as traders covered short positions as new fund money came into the market, traders said. Minneapolis Grain Exchange spring wheat and Kansas City Board of Tra
Published 23 Oct, 2009 12:00am
US MIDDAY: corn soars

US MIDDAY: corn soars

CBOT December corn rose 3-3/4 cents per bushel to $4.02 early on Thursday on slow harvest of the US corn crop and on a rally in wheat futures, traders said.
Published 23 Oct, 2009 12:00am
US MIDDAY: soya falls

US MIDDAY: soya falls

Soyabean futures on the Chicago Board of Trade fell early Thursday as a firmer dollar spurred profit-taking after this week's rally, traders said. November soyabeans were down 4 cents at $10.04-1/2 a bushel by 9:35 am CDT.
Published 23 Oct, 2009 12:00am
US MIDDAY: copper down

US MIDDAY: copper down

US copper futures fell then steadied at lower slightly lower levels early Thursday, as a rebound in the dollar countered robust data from China and lingering supply-side concerns, leaving prices hovering near $3.00 a lb. Copper for December delivery down
Published 23 Oct, 2009 12:00am
US MIDDAY: gold drops

US MIDDAY: gold drops

New York gold futures dropped on Thursday as a resurgent dollar dented bullion's status as a hedge against a falling US currency. December gold futures down $9.30 at $1,055.20 an ounce at 10:18 am EDT (1418 GMT) on the COMEX division of the New York Merca
Published 23 Oct, 2009 12:00am
Campaign against Indian atrocities to be launched soon

Campaign against Indian atrocities to be launched soon

Brussels-based International Council for Human Development Chairman and President of Advisory Council for Kashmir Center Ali Raza Sayed on Thursday announced that his organisation would shortly launch a comprehensive campaign against 'Indian Draconian Law
Published 23 Oct, 2009 12:00am
Over 1,400 fish netting licenses issued in Lahore

Over 1,400 fish netting licenses issued in Lahore

Over 1400 angling licenses for fish netting valid for one year have been issued by District Officer Fisheries Lahore alone. Director General Fisheries Punjab, Dr Muhammad Ayub told APP here Thursday that all District Officers Fisheries across the Punjab h
Published 23 Oct, 2009 12:00am
Rs 12 billion earmarked for setting up emergency wards

Rs 12 billion earmarked for setting up emergency wards

Punjab government has earmarked Rs 12 billion for setting up ultra modern emergency wards in 10 district headquarters of the Punjab. Under the programme medical facilities and CT Scan and MRI services would be made available in these emergency wards while
Published 23 Oct, 2009 12:00am
10th international radiology conference to begin on November 7

10th international radiology conference to begin on November 7

The 10th International Radiology Conference will be held here from November 7 to 9. Theme of the two-day moot will be Radiology: Standardisation and Individualisation. According to the organisers this conference will cover a wide range of research related
Published 23 Oct, 2009 12:00am
NWFP approves Rs 0.19 million for treatment of 17 journalists

NWFP approves Rs 0.19 million for treatment of 17 journalists

The NWFP Minister for Information and Inter Provincial Co-ordination Mian Iftikhar Hussain has said that the provincial govt strongly believed in freedom of press and its promotion, and was taking practical steps for the welfare of working journalists. Th
Published 23 Oct, 2009 12:00am
ABEWA formed in Sialkot

ABEWA formed in Sialkot

All Banks Ex-Officers Welfare Association (ABEWA) has been established in Sialkot. The officer-bearers of the association include Abdul Sami Sheikh, Chairman, Bashir Mahmood, President, Muhammad Naeem Dar, Vice President, Khawaja Muhammad Akbar, General S
Published 23 Oct, 2009 12:00am
HBFC to auction 500 houses

HBFC to auction 500 houses

The House Building Finance Co-operation (HBFC) will auction 500 houses of defaulters if owners of the house fail to pay dues within recommended time period, said Zonal Manager Shakar Hussain here on Thursday. While talking to APP, he said that the arrange
Published 23 Oct, 2009 12:00am
Kerry-Lugar bill

Kerry-Lugar bill

I am surprised no one in the media is raising the point, that regardless of the legal status of any corrections or clarifications, the KLB can be easily turned into law. All the American legislators would have to do is to attach the corrections to any bil
Published 23 Oct, 2009 12:00am
Propaganda against N-assets

Propaganda against N-assets

The news about successful nuclear tests in 1998 ran a wave of jubilations across the world. On the other hand it shocked India and its Western masters as they cannot digest the status of a Muslim nuclear power. Prior to these tests, Pakistan was pressured
Published 23 Oct, 2009 12:00am
Hydropower industry braces for glacier-free future

Hydropower industry braces for glacier-free future

Standing on the glacier at the source of the Rhone river, glaciologist Andreas Bauder poses next to a 3-metre high pole sticking out of the ice, and gestures above his head. "This is about the melt of one month," he says, as fellow scientists drill into t
Published 23 Oct, 2009 12:00am
IAEA hunts for microscopic nuclear clues

IAEA hunts for microscopic nuclear clues

A hotchpotch set of grey and white buildings huddled in fields outside Vienna may seem an unlikely setting for a laboratory which could help uncover illicit nuclear activity. This is where International Atomic Energy Agency experts magnify, scour and diss
Published 23 Oct, 2009 12:00am
The ruling trio: root-cause of all maladies

The ruling trio: root-cause of all maladies

Our ruling elite - trio of indomitable civil-military bureaucracy, inefficient-cum-corrupt politicians and greedy businessmen - is suffering from three maladies: self-praise in all matters, phobia of losing power and money and despair arising out of afflu
Published 23 Oct, 2009 12:00am
In the name of 'balance of power in the region'

In the name of 'balance of power in the region'

Within weeks of the widely criticised Kerry-Lugar bill, a joint session of the US Senate and Congress is taking up the equally offensive military assistance bill for Pakistan. The bill has already been passed separately by both the Houses and the joint co
Published 23 Oct, 2009 12:00am
Banks in Pakistan: Does size really matter?

Banks in Pakistan: Does size really matter?

Delivering his annual address at the Institute of Bankers Pakistan on Wednesday, Governor State Bank Syed Salim Raza raised the question whether smaller institutions in the financial sector are necessarily safer? It seems that Governor Raza strongly feels
Published 23 Oct, 2009 12:00am
Steps being taken for elimination of bonded labour: Neelam

Steps being taken for elimination of bonded labour: Neelam

The Punjab government is taking effective measures for elimination of bonded labour and funds of billions of rupees have been allocated under Annual Development Programme (ADB) for the elimination of bonded labour and poverty.
Published 23 Oct, 2009 12:00am
Hoti calls for holding mid-term polls

Hoti calls for holding mid-term polls

Chairman National Democratic Front (NDF) and member National Assembly, Khawaja Mohammad Hoti has called for holding of mid-term polls in the country. Talking to journalists, he said opposition in both parliament and provincial assemblies were playing a fr
Published 23 Oct, 2009 12:00am
Bid to export Yellow Lentil foiled

Bid to export Yellow Lentil foiled

Pakistan customs has foiled an attempt to export a banned item Yellow Lentil under the guise of sea salt, sources said. They said that Model Collectorate of Customs of PaCCS has also registered FIR against the exporter under customs act 1969.
Published 23 Oct, 2009 12:00am
'No room for extremism in Pakistan'

'No room for extremism in Pakistan'

Punjab Finance Minister Tanvir Ashraf Kaira has said that terrorism was a hurdle in the way of progress and economic prosperity of the country and the whole nation was united to crush extremism out from the society. He also said military operation was ver
Published 23 Oct, 2009 12:00am
'Concrete steps taken to save lives, properties of masses'

'Concrete steps taken to save lives, properties of masses'

Senior Provincial Minister Raja Riaz Ahmed has said that Punjab government has taken concrete steps to save lives and properties of the masses and closure of educational institutions is an in time strategy. He further said that all educational institution
Published 23 Oct, 2009 12:00am
Nation not afraid of terrorists: Taseer

Nation not afraid of terrorists: Taseer

Punjab Governor Salman Taseer has said that Pakistanis are living a normal life and not afraid of terrorists attempting to destabilise country's security and peace. In a media talk during his visit to a popular local ice cream shop on Bedon Road here Thur
Published 23 Oct, 2009 12:00am
Nation must learn to stand on its feet for development: Shahbaz

Nation must learn to stand on its feet for development: Shahbaz

Pakistan needs to stand on its own feet and rely less on outside assistance if the country was to progress, develop and prosper. This was stated by Punjab Chief Minister, Shahbaz Sharif. He was speaking at a dinner hosted in his honour by the UK-Pakistan
Published 23 Oct, 2009 12:00am
Pak-Qatar General Takaful, Bank Alfalah sign MoU

Pak-Qatar General Takaful, Bank Alfalah sign MoU

Pak-Qatar General Takaful Limited (PQGTL) and Alfalah Islamic Banking have signed an agreement according to which Pak-Qatar General Takaful would provide comprehensive Takaful coverage to Bank Alfalah's Auto Ijara portfolio. The agreement was signed by DC
Published 23 Oct, 2009 12:00am
Pak-Qatar General Takaful, Bank Alfalah sign MoU

Pak-Qatar General Takaful, Bank Alfalah sign MoU

Pak-Qatar General Takaful Limited (PQGTL) and Alfalah Islamic Banking have signed an agreement according to which Pak-Qatar General Takaful would provide comprehensive Takaful coverage to Bank Alfalah's Auto Ijara portfolio. The agreement was signed by DC
Published 23 Oct, 2009 12:00am
PIA's pre-Hajj operation commences from Karachi

PIA's pre-Hajj operation commences from Karachi

PIA's first Pre-Hajj flight PK 1205 from Karachi left on Thursday with 466 pilgrims on board, commencing the airlines Hajj operation from Karachi to Saudi Arabia. Director Human Resources and Administration PIA, Haneef Pathan, General Manager Passenger Ha
Published 23 Oct, 2009 12:00am
LHC suspends Punjab chief minister's orders for re-inquiry

LHC suspends Punjab chief minister's orders for re-inquiry

The Lahore High Court (LHC) Thursday suspended the orders of Chief Minister Punjab for re-inquiry into the matter of theft of maze by the flour mills and observed that prima facie chief minister directions are to be considered as to influence in the matte
Published 23 Oct, 2009 12:00am
Terrorrism threat: security around sensitive points tightened

Terrorrism threat: security around sensitive points tightened

Security has been beefed up across the city with the deployment of additional contingents of police and rangers on major arteries and sensitive areas to thwart any untoward situation. The personnel of Pakistan Army, Frontier Constabulary (FC), and reserve
Published 23 Oct, 2009 12:00am
NWFP to initiate Rescue 1122 services

NWFP to initiate Rescue 1122 services

The provincial government of NWFP has decided to initiate Emergency Rescue Services 1122 in Peshawar City as well as extend it to all Divisional Headquarters after its successful implementation. The German organisation GTZ has assured to provide technical
Published 23 Oct, 2009 12:00am
LHC reserves verdict in Zarco chief bail plea

LHC reserves verdict in Zarco chief bail plea

A division bench of Lahore High Court (LHC) reserved its verdict in the bail plea of Zarco Exchange Company Chief Executive, Lakht-e-Hasnain, allegedly involved in illegal hawala business. Earlier, counsel of Lakht-e-Hasnain, Barrister Syed Ali Zafar subm
Published 23 Oct, 2009 12:00am
Arif Habib Investment's net profit swells to Rs 69.253 million

Arif Habib Investment's net profit swells to Rs 69.253 million

The after tax profit of Arif Habib Investment has increased to Rs 69.253 million in the first quarter (July-September) of FY10 as compared to Rs 6.133 billion in the corresponding quarter in FY09. The board of directors of the company in its meeting held
Published 23 Oct, 2009 12:00am
Arif Habib Investment's net profit swells to Rs 69.253 million

Arif Habib Investment's net profit swells to Rs 69.253 million

The after tax profit of Arif Habib Investment has increased to Rs 69.253 million in the first quarter (July-September) of FY10 as compared to Rs 6.133 billion in the corresponding quarter in FY09. The board of directors of the company in its meeting held
Published 23 Oct, 2009 12:00am
Record 127,000 tons mango exported

Record 127,000 tons mango exported

Pakistan exported a record 1,27,000 tons mango this year fetching 6.1 dollars valuable foreign exchange. The previous record of mango export of the country was 1,20,000 tons. According to 'Hortimag' a newsletter of Pakistan Horticulture Development & Expo
Published 23 Oct, 2009 12:00am
Unity in political approach need of the hour: Nawaz

Unity in political approach need of the hour: Nawaz

Pakistan Muslim League Nawaz (PML-N) Quaid said Thursday a unity in approach of political leadership may bring the country out of present crisis like situation. Talking to media while condoling with Tehmina Daultana, a party member, on the death of her hu
Published 23 Oct, 2009 12:00am
After tax loss of PRL declines to Rs 672.169 million in first quarter

After tax loss of PRL declines to Rs 672.169 million in first quarter

The after tax loss of Pakistan Refinery Limited has declined to Rs 672.169 million in the first quarter (July-September) of FY10 from Rs 1,390.286 million registered in the corresponding quarter in FY09. The board of directors of the company in its meetin
Published 23 Oct, 2009 12:00am
After tax loss of PRL declines to Rs 672.169 million in first quarter

After tax loss of PRL declines to Rs 672.169 million in first quarter

The after tax loss of Pakistan Refinery Limited has declined to Rs 672.169 million in the first quarter (July-September) of FY10 from Rs 1,390.286 million registered in the corresponding quarter in FY09. The board of directors of the company in its meetin
Published 23 Oct, 2009 12:00am
Attock Refinery after tax loss declines in first quarter

Attock Refinery after tax loss declines in first quarter

The after tax loss of Attock Refinery Limited has declined to Rs 396.249 million in the first quarter (July-September) of FY10 from Rs 870.179 million recorded in the corresponding quarter in FY09. The board of directors of the company in its meeting held
Published 23 Oct, 2009 12:00am
Attock Refinery after tax loss declines in first quarter

Attock Refinery after tax loss declines in first quarter

The after tax loss of Attock Refinery Limited has declined to Rs 396.249 million in the first quarter (July-September) of FY10 from Rs 870.179 million recorded in the corresponding quarter in FY09. The board of directors of the company in its meeting held
Published 23 Oct, 2009 12:00am
Zonal conference of HBFCL held

Zonal conference of HBFCL held

HBFCL organised its zonal conference to discuss and deliberate all business issues of critical significance besides realising the need to change in terms of orchestrating future business strategy. The key delegates from all over Pakistan participated alon
Published 23 Oct, 2009 12:00am
After tax profit of International Industries increased

After tax profit of International Industries increased

The after tax profit of International Industries slightly increased to Rs 226.859 million in the first quarter (July-September) of FY10 as compared to Rs 225.554 million in the corresponding period in FY09. The board of directors of the company in its mee
Published 23 Oct, 2009 12:00am
After tax profit of International Industries increased

After tax profit of International Industries increased

The after tax profit of International Industries slightly increased to Rs 226.859 million in the first quarter (July-September) of FY10 as compared to Rs 225.554 million in the corresponding period in FY09. The board of directors of the company in its mee
Published 23 Oct, 2009 12:00am
PHSADC to market improved version of TT pistol

PHSADC to market improved version of TT pistol

Pakistan Hunting and Sporting Arm Development Company (PHSADC) has successfully improved the quality of locally manufactured TT pistol (7.62 mm) through reverse engineering and is now chalking out plan for marketing of the product in both national and int
Published 23 Oct, 2009 12:00am
Sniffer dogs being deployed to prevent terrorist attacks

Sniffer dogs being deployed to prevent terrorist attacks

Use of sniffer dogs will assist in forestalling terrorist attacks as they are trained to detect explosives. Telenor Pakistan has hired the services of a private company, K-9 Services Limited, to check the parking area around their office to forestall any
Published 23 Oct, 2009 12:00am
Meeting held to review security arrangements at Punjab University

Meeting held to review security arrangements at Punjab University

A meeting was held in Punjab University under the chairmanship of Vice-Chancellor Professor Dr Mujahid Kamran, which was attended by Deans and Administrative Officers. It was decided in the meeting that three big parking lots will be established at the ex
Published 23 Oct, 2009 12:00am
'All Sindh Literary Training Workshop' commences today

'All Sindh Literary Training Workshop' commences today

The 7th All Sindh Literary Training Workshop 2009 for young writers, is commencing from today (Friday) and will continue till October 25, at Sindh Sports Complex, Hyderabad under the auspices of Nut-Khut Group of Publication, Hyderabad.
Published 23 Oct, 2009 12:00am
Plan to restore ancient forts in Mirpur

Plan to restore ancient forts in Mirpur

Under the spirit to promote the tourism industry in various picturesque areas of Azad Jammu and Kashmir, the AJK government is seriously contemplating to develop and improve the conditions of the ancient forts in Mirpur division including centuries old Ra
Published 23 Oct, 2009 12:00am
Geelani calls strike on October 27 and 28

Geelani calls strike on October 27 and 28

Senior Kashmiri Hurriyat leader, Syed Ali Geelani has called for complete shutdown on October 27 and 28 as a mark of protest against the occupation of Indian troops in Kashmir in 1947 and against Indian Prime Minister's proposed visit to the valley, in oc
Published 23 Oct, 2009 12:00am
Fruit and vegetable export increased

Fruit and vegetable export increased

The fruit and vegetable export from the country during the first quarter of current financial year showed an increase of 11.24 percent and 45 percent, respectively. About 121,254 metric tons of fruit worth $44.327 million were exported during the first th
Published 23 Oct, 2009 12:00am
'Security of Parliament House to be strengthened'

'Security of Parliament House to be strengthened'

Minister for Parliamentary Affairs, Dr Babar Awan Thursday said that security situation of the Parliament House was of paramount importance. He said this while presiding over a meeting to review security arrangements for the Joint Session of the Parliamen
Published 23 Oct, 2009 12:00am
RCCI urges government to resolve issue of power shortages

RCCI urges government to resolve issue of power shortages

Rawalpindi Chamber of Commerce and Industry (RCCI) President Kashif Shabbir has urged the government to take measures to tackle the present energy crunch. He stated this during a meeting with a delegation of Tench Bhata traders led by Syed Asif Shah at hi
Published 23 Oct, 2009 12:00am
KLB serves Pakistan's interests: Qureshi

KLB serves Pakistan's interests: Qureshi

Foreign Minister Shah Mehmood Qureshi has said that Kerry-Lugar Bill serves Pakistan's interests by promoting country's relations with the sole superpower, which holds its influence on all the international financial institutions, the UN and other organis
Published 23 Oct, 2009 12:00am
Pakistan received third lowest rainfall of last 10 years

Pakistan received third lowest rainfall of last 10 years

The country experienced 26 percent below normal rainfall in the monsoon 2009 season, which is the third lowest in the last ten years, depict the latest figures released by met office on Thursday. Director General, Pakistan Meteorological Department, Dr Qa
Published 23 Oct, 2009 12:00am
Caution: bumpy road ahead for auto makers

Caution: bumpy road ahead for auto makers

The auto industry may have found a bit of traction in the last three months, but the ride ahead looks bumpy. Although, local car makers have started raising retail prices, their margins are under significant threats, seen growing in a not so distant futur
Published 23 Oct, 2009 12:00am
Inventory mismanagement lops ATRL's gross margins

Inventory mismanagement lops ATRL's gross margins

Poor inventory management and lower production has hurt Attock Refinery yet again. Although, the firm's bottom line improved significantly in the quarter ended September, but was still painted in red despite a favourable pricing scenario.
Published 23 Oct, 2009 12:00am
Economic stabilisation: distant dream or near term reality?

Economic stabilisation: distant dream or near term reality?

An old car driven at 50km per hour seems to function well, but if raced at 120 it starts rattling with parts making strange and sometimes alarming noises. The story of Pakistan's economic recovery earlier this decade is similar to that of an old car. When
Published 23 Oct, 2009 12:00am
Bomb hoax, rumour of terrorists' presence creates panic in capital

Bomb hoax, rumour of terrorists' presence creates panic in capital

The bomb hoax and rumour of terrorists' presence in the district courts F-8 of Islamabad caused panic in the vicinity. The area has been declared "clear" after thorough search by bomb disposal squad and people were again allowed to enter the area. Someone
Published 23 Oct, 2009 12:00am
Security at Supreme Court beefed up

Security at Supreme Court beefed up

Security arrangements at Supreme Court have been beefed up after the recent spate of terrorist attack particularly targeting the capital city. However, Thursday's proceedings of court were cut short after bomb hoax at district court. The court concluded i
Published 23 Oct, 2009 12:00am
Over Rs 4.4 billion irregularities unearthed in PIAC

Over Rs 4.4 billion irregularities unearthed in PIAC

More than Rs 4.4 billion irregularities, embezzlements, unauthorised expenditures, non-recoveries and losses were pointed out in Pakistan International Airlines Corporation (PIAC) accounts, an audit report 2008-09 revealed. According to audit report, PIA
Published 23 Oct, 2009 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Thursday (October 22, 2009).

Published 23 Oct, 2009 12:00am
Key stock and currency market movements

Key stock and currency market movements

The latest close of key indices on major world stock exchanges and the London closing values of the euro, the Japanese yen, the British pound and gold bullion (previous day's closes in brackets).

Published 23 Oct, 2009 12:00am
PKCC rejects corporate farming, sale of land to foreign firms

PKCC rejects corporate farming, sale of land to foreign firms

The Pakistan Kissan Co-ordination Committee has rejected corporate farming and sale of state land to foreign countries/companies. The PKCC, having membership of 22 organisations from all over the country held a one-day seminar here on Thursday to discuss
Published 23 Oct, 2009 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on October 20, 2009.

Published 23 Oct, 2009 12:00am
AGP detects Rs 1,927.4 million irregularities in NHA

AGP detects Rs 1,927.4 million irregularities in NHA

The Auditor-General of Pakistan (AGP) has unearthed irregularities worth Rs 1927.4 million in the National Highway Authority (NHA) due to over-payments, unjustified payments/wasteful expenditure, unauthorised reimbursement of fine shares, non-recovery, un
Published 23 Oct, 2009 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on October 20, 2009.

Published 23 Oct, 2009 12:00am
French Consul General for free insurance to foreign businessmen

French Consul General for free insurance to foreign businessmen

The Consul General of France Pierre Seillan has suggested that to attract the attention of foreign investors to visit Pakistan and explore the business prospects, the Government of Pakistan should provide free insurance to foreign businessmen visiting Pak
Published 23 Oct, 2009 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on October 20, 2009.

Published 23 Oct, 2009 12:00am
The Weather

The Weather

The weather report on Thursday (October 22, 2009) and the forecast for Friday (October 23, 2009).

Published 23 Oct, 2009 12:00am
Critical care medicine programme e-learning facilities inaugurated

Critical care medicine programme e-learning facilities inaugurated

The Ambassador of France, Daniel Jouanneau was the guest of honour at the inauguration of videoconferencing (e-learning) facilities for the Master's in Critical Care Medicine initiated by the Quaid-i-Azam Post Graduate Medical College, on Wednesday. The S
Published 23 Oct, 2009 12:00am
Eight injured in building collapse

Eight injured in building collapse

At least eight persons were seriously wounded when a three-storey building collapsed in Burns Road within the jurisdiction of Aram Bagh police on Thursday evening. According to police and area people, a three-story old building located in Street No 2 of B
Published 23 Oct, 2009 12:00am
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