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Sep 21, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2009-12-01
Dollar down on UAE moves

Dollar down on UAE moves

The dollar fell on Monday after the United Arab Emirates said it would stand behind banks in Dubai, soothing some concerns about a looming debt default. But investor confidence remained fragile, with the dollar briefly trimming losses after a top Dubai fi
Published 01 Dec, 2009 12:00am
Indian shares rise

Indian shares rise

Indian stocks rose 1.77 percent on Monday, boosted by better-than-forecast quarterly economic growth and receding concerns about Dubai's debt woes, dealers said. The benchmark 30-share Sensex index closed up 294.21 points at 16,926.22, snapping two tradin
Published 01 Dec, 2009 12:00am
European CDS slightly tighter

European CDS slightly tighter

European corporate credit default swap spreads nudged slightly tighter on Monday, with financial markets still trying to assess the extent of fallout from the Dubai debt situation. "We look for the market to stabilise over the next few sessions and for ca
Published 01 Dec, 2009 12:00am
European CDS slightly tighter

European CDS slightly tighter

European corporate credit default swap spreads nudged slightly tighter on Monday, with financial markets still trying to assess the extent of fallout from the Dubai debt situation. "We look for the market to stabilise over the next few sessions and for ca
Published 01 Dec, 2009 12:00am
Monday's midday trade: Wall Street slips

Monday's midday trade: Wall Street slips

US stocks declined moderately on Monday as weak data on holiday retail sales prompted questions about the consumer's ability to spend. The S&P Retail index fell 1.3 percent after the National Retail Federation said that total Black Friday holiday spending
Published 01 Dec, 2009 12:00am
European shares fall on Dubai fears, banks slip

European shares fall on Dubai fears, banks slip

European shares fell to their lowest close in more than three weeks on Monday, with oil companies among the biggest losers, as worries about Dubai's debt continued to unsettle global equity markets. The FTSEurofirst 300 index of top European shares fell 1
Published 01 Dec, 2009 12:00am
UK's top share index falls

UK's top share index falls

Britain's leading share index shed 1.1 percent on Monday, ending at session lows, dragged back by weakness in oil majors and banks on lingering anxiety over the impact of Dubai's debt problems. By the close, the FTSE 100 was down 55.05 points at 5,190.68,
Published 01 Dec, 2009 12:00am
Lahore zoo visitors face problems

Lahore zoo visitors face problems

A large number of zoo-lovers have faced difficulties while visiting Lahore zoo due to hustle and bustle of the Eid-ul-Azha, as majority of the visitors have come from outside the city to visit zoo. It may be noted that about 80,000 visitors had visited La
Published 01 Dec, 2009 12:00am
Eid-ul-Azha celebrated with religious fervour

Eid-ul-Azha celebrated with religious fervour

Eid-ul-Azha was celebrated here, like other parts of the country, with traditional religious fervour in commemoration of the supreme sacrifice offered by Hazrat Ibrahim Khalilullah (AS) and his son Hazrat Ismail Zabiullah (AS) in fulfilment of the divine
Published 01 Dec, 2009 12:00am
CDGL keeps city clean during Eid holidays

CDGL keeps city clean during Eid holidays

The City District Government Lahore (CDGL)'s Solid Waste Management (SWM) department kept the city clean during Eid holidays in the provincial capital by lifting of over 30,000 tons animal offal and waste. According to the available data and information f
Published 01 Dec, 2009 12:00am
Plastic godown gutted in fire

Plastic godown gutted in fire

Fire fighters have extinguished a big fire in a open godown of waste plastic material in Orangi Town after a hectic struggle of four and half hours. A Fire Brigade official said here on Sunday that plastic material, stored in an open godown caught fire ne
Published 01 Dec, 2009 12:00am
Overseas Pakistanis Forum to be held on December 6

Overseas Pakistanis Forum to be held on December 6

The first session of the overseas Pakistanis Forum will be held in Dubai on December 6. Federal Minister for overseas Pakistanis Dr Farooq Sattar will preside at the forum. The forum will act as a bridge between the overseas Pakistani community and the go
Published 01 Dec, 2009 12:00am
Credit facility for rice exporters welcomed

Credit facility for rice exporters welcomed

Rice Exporters Association of Pakistan (REAP) has welcomed the decision of State Bank of Pakistan (SBP) to allow 100 percent financing facility to rice exporters for 270 days. In a statement issued here on Monday, vice chairman REAP Rafiq Suleman said tha
Published 01 Dec, 2009 12:00am
'Punjab to support police martyrs' families'

'Punjab to support police martyrs' families'

Punjab Chief Minister Shahbaz Sharif has said that Punjab government will spare no effort in looking after the families of Police martyrs and will bear all expenses on education of their children in any educational institution of their choice. He also ann
Published 01 Dec, 2009 12:00am
Zardari to shed more powers: analysts

Zardari to shed more powers: analysts

President Zardari has made up his mind to transfer more powers to the Prime Minister and in a recent telephonic contact with PML-N Quaid Nawaz Sharif, he informed him (Nawaz) about the repeal of controversial 17th Amendment in December, it is learnt.
Published 01 Dec, 2009 12:00am
Services chiefs call on Prime Minister

Services chiefs call on Prime Minister

Chief of Army Staff General Ashfaq Parvez Kayani, Chief of Air Staff Air Chief Marshal Rao Qamar Suleman and Vice Chief of Naval Staff Vice Admiral Asaf Humayun called on Prime Minister Syed Yousuf Raza Gilani here at the PM House on Saturday.
Published 01 Dec, 2009 12:00am
Nawaz urges Zardari to give up powers

Nawaz urges Zardari to give up powers

Pakistan Muslim League (N) on Sunday demanded the president give up the sweeping powers he inherited from his predecessor, setting the stage for political turmoil just as the Obama administration wants the country to focus on fighting the Taliban.
Published 01 Dec, 2009 12:00am
Ordinances re-promulgated on Prime Minister's advice: Farhat

Ordinances re-promulgated on Prime Minister's advice: Farhat

Spokesperson to the President former Senator Farhatullah Babar has said that the ordinances were re-promulgated by President Asif Ali Zardari on the advice of the Prime Minister to implement the Supreme Court verdict of July 31, 2009.
Published 01 Dec, 2009 12:00am
17th Amendment would be annulled soon, says Babar

17th Amendment would be annulled soon, says Babar

Parliamentary Affairs Minister Dr Babar Awan on Monday said that 17th Amendment would be annulled soon as a package to restore the 1973 Constitution in its original form is being prepared. The minister, who was addressing a ceremony organised in connectio
Published 01 Dec, 2009 12:00am
New York cotton settles higher

New York cotton settles higher

Cotton futures finished higher Monday on investment fund buying tied to end of the month short-covering as analysts mulled the next move in fibre contracts this week. The benchmark March cotton contract increased 0.84 cent to finish at 74.68 cents per lb,
Published 01 Dec, 2009 12:00am
London coffee higher, sugar suffers setback

London coffee higher, sugar suffers setback

London January robusta coffee settled $22 higher at $1,354 a tonne on Monday. Market supported by a sharp advance in ICE arabicas driven by quality concerns in top producer Brazil and a softer dollar. March white sugar in London finished off $8.10 at $610
Published 01 Dec, 2009 12:00am
Copper steadies

Copper steadies

Copper steadied on Monday as a weaker dollar and investors seeking safety in tangible assets helped to support prices, but concerns remained about the Dubai debt crisis, weak demand and rising stocks. Three-month copper on the London Metal Exchange closed
Published 01 Dec, 2009 12:00am
Oil rises above $77

Oil rises above $77

Oil prices rose more than $1 on Monday as the detainment of five Britons in Iran and a weak dollar outweighed concerns over debt-laden Dubai and its impact on the global economy. US light crude oil futures for January rose $1.23 to settle at $77.28. In Lo
Published 01 Dec, 2009 12:00am
Gold dips in Europe

Gold dips in Europe

Gold prices edged lower on Monday as some investors opted for cash in residual wariness about Dubai's debt shock, but losses were limited by a weaker dollar and dip buying. Spot gold stood at $1,172.20 an ounce by 1638 GMT, versus $1,176.70 an ounce late
Published 01 Dec, 2009 12:00am
US MIDDAY: coffee climbs, sugar falls

US MIDDAY: coffee climbs, sugar falls

Summaries of the ICE Futures US cocoa, coffee and sugar markets early on Monday. March arabica coffee contract rose 3.15 cents to $1.4120 per lb at 11:00 am EST (1600 GMT). Session range from $1.3865 to $1.4165. Arabica coffee futures bounced as longs who
Published 01 Dec, 2009 12:00am
Soybeans and wheat firm; corn down

Soybeans and wheat firm; corn down

Soyabean and wheat futures on the Chicago Board of Trade were higher early on Monday, buoyed by weakness in the US dollar, traders said. A weaker dollar typically makes US grains more competitive on the world market, and prompts large speculators to buy c
Published 01 Dec, 2009 12:00am
US MIDDAY: copper rises

US MIDDAY: copper rises

US copper futures started the week with renewed upside momentum early on Monday, as a weaker dollar and better-than-expected regional manufacturing data helped prices rebound from Friday's profit-taking retreat. Copper for March delivery rose 3.70 cents t
Published 01 Dec, 2009 12:00am
US MIDDAY: gold higher

US MIDDAY: gold higher

US gold futures turned higher on Monday as the dollar extended losses, more than offsetting follow-through weakness and investors' need to raise cash on the back of Dubai's debt woes. COMEX February gold up 80 cents at $1,176.30 an ounce at 10:07 am EST (
Published 01 Dec, 2009 12:00am
HHRD distributes sacrificial meat among needy

HHRD distributes sacrificial meat among needy

Helping Hand for Relief and Development (HHRD), a non-profit organisation, sacrificed thousands of animals on Eid ul Azha under its Sacrificial Project 2009 and distributed the meat to more than 100,000 poor and needy persons. The meat was distributed in
Published 01 Dec, 2009 12:00am
Political storm brews for Zardari: analysts

Political storm brews for Zardari: analysts

Asif Ali Zardari is facing mounting pressure to relinquish many of his powers, raising the spectre of a damaging political fracas just as the nation battles the Taliban. Only 15 months into his rule, Zardari is contending with rock-bottom public opinion,
Published 01 Dec, 2009 12:00am
Corps commander Multan visits CMH

Corps commander Multan visits CMH

Corps commander Multan Lieutenant General Shafqaat Ahmed visited CMH here on the Eid day to inquire after health of army men injured in Rah-e-Nejat operation, After offering the Eid prayer with other officers and army men at Garrison, he visited CMH to me
Published 01 Dec, 2009 12:00am
Pakistani naval ships to reach Malaysian port to attend LIMA-09

Pakistani naval ships to reach Malaysian port to attend LIMA-09

Two Pakistani naval ships PNS Moawin and PNS Khyber will reach Malaysian port of Langkawi to attend LIMA-09 to promote bilateral naval ties. Pakistani ships will stay in Langkawi from November 30 to December 6, to enhance defence relations and goodwill be
Published 01 Dec, 2009 12:00am
Hoti lauds resolve, bravery of army

Hoti lauds resolve, bravery of army

NWFP Chief Minister Ameer Haider Khan Hoti has appreciated the resolve, bravery and courage of the officers and jawans of army and expressed the hope that their sacrifices for the elimination of terrorism will not go in waste. He expressed these views dur
Published 01 Dec, 2009 12:00am
Ulema stress need to reform lives according to tenets of Islam

Ulema stress need to reform lives according to tenets of Islam

Eid-ul-Azha was celebrated with usual enthusiasm and religious fervour in Sialkot, Daska, Pasrur, Zafarwal, Sambrial and Ugoki areas of Sialkot district on Saturday. Eid prayers were offered at different mosques and open places in the city and other parts
Published 01 Dec, 2009 12:00am
Local politicians offered Eid prayers at their respective areas

Local politicians offered Eid prayers at their respective areas

The local political leadership, Members of the National and Provincial Assemblies and former ministers offered Eid-ul-Azha prayers in their respective areas on Saturday. Managing Director, Pakistan Bait-ul-Maal, Zumarad Khan, MNAs Malik Abrar and MPA, Mal
Published 01 Dec, 2009 12:00am
Twin cities' residents throng parks, public places

Twin cities' residents throng parks, public places

Thousands of twin cities' residents converged in the parks and public places to rejoice Eid-ul-Azha festivities amid cooler temperatures. After spending two days in prime segment of sacrificing animals, scores of people including children and women descen
Published 01 Dec, 2009 12:00am
Swiss minaret ban termed 'Islamophobia'

Swiss minaret ban termed 'Islamophobia'

Religious groups on Monday condemned a referendum in Switzerland that saw voters approve a ban on the construction of mosque minarets, calling it "extreme Islamophobia." Switzerland on Sunday voted in favour of a ban on new mosque minarets - the towers or
Published 01 Dec, 2009 12:00am
Pakistanis in Beijing celebrate Eid with zeal, fervour

Pakistanis in Beijing celebrate Eid with zeal, fervour

Pakistanis living in China celebrated Eid-Ul-Azha with religious zeal and fervour on Saturday. A large Eid congregation was held at the mosque of Pakistan Embassy. Pakistan Ambassador to China Masood Khan, envoys of various Islamic countries and Pakistani
Published 01 Dec, 2009 12:00am
They are one against Pakistan

They are one against Pakistan

It is reported that as many as nine intelligence agencies of the world are involved in anti-Pakistan activities in Afghanistan. And there are reports of nine Indian consulates working along the Pakistan border, exporting terrorists to Pakistan. After CIA,
Published 01 Dec, 2009 12:00am
NFC Award to be a landmark achievement

NFC Award to be a landmark achievement

As an obligation under Article 160 (1) of the 1973 Constitution, the federal government established the sixth National Finance Commission assigning it the task of evolving a formula under which national resources from the federal divisible pool are to be
Published 01 Dec, 2009 12:00am
FBR restructuring in the: name of reforms

FBR restructuring in the: name of reforms

The Federal Board of Revenue (FBR) is undergoing massive changes and its top management contends that these changes are being tailored in line with best international practices. One such major change is the creation of IRS or the Inland Revenue Service. A
Published 01 Dec, 2009 12:00am
War on terror: Coordinated civil-military partnership missing!

War on terror: Coordinated civil-military partnership missing!

Does not everyone say that war alone is not the solution to the problem of militancy or terrorism, and that a two- or multi-pronged effort is required to effectively deal with it? What exactly is meant by this? Well, there is no dearth of answers: Some sa
Published 01 Dec, 2009 12:00am
Permission to MFBs to raise forex loans

Permission to MFBs to raise forex loans

It is quite apparent that authorities of the country are trying all kinds of ways to mobilise foreign savings for a variety of purposes. In a bid to supplement the resources of the micro-finance banks/institutions (MFBs), the State Bank allowed them on 25
Published 01 Dec, 2009 12:00am
Tilting at media mills

Tilting at media mills

Confined to the high walls of the Aiwan-i-Sadr President Asif Ali Zardari seems to be afflicted with the impatience of a prisoner. No wonder his video address delivered at the rally marking the PPP's 43rd foundation day in Karachi on Wednesday was drippin
Published 01 Dec, 2009 12:00am
Gujranwala Business Centre to be inaugurated soon

Gujranwala Business Centre to be inaugurated soon

The Gujranwala Business Centre (GBC) which is being completed in collaboration with Gujranwala Chamber of Commerce and Industry at a cost of Rs 297.56 million is likely to be inaugurated by the end of this year.
Published 01 Dec, 2009 12:00am
Forces arrest 87 terrorists in Khyber Agency

Forces arrest 87 terrorists in Khyber Agency

Security forces on Monday arrested 87 terrorists during ongoing military operation in Tehsil Bara of Khyber Agency and took full control of Gagari, main area of the agency. According to sources in the Ministry of Defence, Pakistan army is gradually taking
Published 01 Dec, 2009 12:00am
Pakistani fisherman earns applause for boat repairs

Pakistani fisherman earns applause for boat repairs

Where the state-run institutions could not bring much credit to the country, a local fisherman alone earned much reputation for repairing so far about 17 Iranian fishing and cargo boats at half cost of what the Iranian and Pakistani shipyards are charging
Published 01 Dec, 2009 12:00am
Commodities prices move both ways in a shortened week, small business

Commodities prices move both ways in a shortened week, small business

Rates of commodities moved both ways during the week, shortened by Eidu-Azha holidays, on the wholesale commodities market as buyers resorted to lower buying pace. Gur, moong, masoor Canada, cotton cakes, guwar, till and plastic mouldings were reported re
Published 01 Dec, 2009 12:00am
Punjab government fails to import 350 CNG buses from China

Punjab government fails to import 350 CNG buses from China

Punjab Transport Department (PTD) has failed to import 350 more CNG buses from China for the facilitation of common passengers in the metropolis. The Punjab government had decided to import 400 CNG buses but imported only 50, which are insufficient for th
Published 01 Dec, 2009 12:00am
Oriental languages exams on December 21

Oriental languages exams on December 21

The Assistant Controller of Examinations, Board of Intermediate and Secondary Education Hyderabad has notified for the information of all concerned that the oriental languages annual/compartmental Examination 2009 will be held on December 21, 2009 while t
Published 01 Dec, 2009 12:00am
IGI Islamic Income Fund launched

IGI Islamic Income Fund launched

IGI Funds Limited, the Asset Management Company of IGI Financial Services and Packages Group has launched the 'IGI Islamic Income Fund' and the IPO dates for the fund would be December 1-3, 2009. This latest offering is the third fund to be launched by IG
Published 01 Dec, 2009 12:00am
IGI Islamic Income Fund launched

IGI Islamic Income Fund launched

IGI Funds Limited, the Asset Management Company of IGI Financial Services and Packages Group has launched the 'IGI Islamic Income Fund' and the IPO dates for the fund would be December 1-3, 2009. This latest offering is the third fund to be launched by IG
Published 01 Dec, 2009 12:00am
Worsening law, order hit mental health of children

Worsening law, order hit mental health of children

Renowned psychiatrist Professor Dr Khalida Tareen has said that prevailing worse law and order situation in the country has badly affected mental health of the children, as they feel insecure and are afraid to go educational institutions. It is the duty o
Published 01 Dec, 2009 12:00am
World AIDS Day to be observed today

World AIDS Day to be observed today

World AIDS Day will be observed in Pakistan like other parts of the globe on Tuesday (today) to raise awareness about the disease and demonstrate international solidarity in the face of the pandemic. Various activities have been planned by public and priv
Published 01 Dec, 2009 12:00am
Peaceful Eid festivities: CCPO lauds police officials

Peaceful Eid festivities: CCPO lauds police officials

Capital City Police Officer (CCPO), Muhammad Pervez Rathore has appreciated Lahore police officials who performed outstanding duty to ensure commemoration of Eid-ul-Azha festivities peacefully. He called upon Lahore Police personnel to continue to perform
Published 01 Dec, 2009 12:00am
Nation rejects NRO: Shahbaz

Nation rejects NRO: Shahbaz

Punjab Chief Minister, Muhammad Shahbaz Sharif, has said that the nation has rejected NRO as it is against the existence of Pakistan and the worst attempt to hide corruption. He also said recovery of the written off loans is as important as elimination of
Published 01 Dec, 2009 12:00am
Whereabouts of Osama: foreign office refutes Brown's statement

Whereabouts of Osama: foreign office refutes Brown's statement

The Foreign Office on Monday refuted the statement of British Prime Minister Gordon Brown calling upon Pakistan authorities to take joint action against al Qaeda and step up efforts to track down the group's leader Osama bin Laden. Foreign Office spokesma
Published 01 Dec, 2009 12:00am
99 percent offal of sacrificial animals lifted: Kamal

99 percent offal of sacrificial animals lifted: Kamal

City District Government Karachi (CDGK) and town administrations have successfully lifted/disposed 99 percent offal of sacrificial animals across the city during Eid-ul-Azha, City Nazim Mustafa Kamal told Business Recorder on Monday.
Published 01 Dec, 2009 12:00am
Seven killed, three hurt in various incidents

Seven killed, three hurt in various incidents

At least seven people were killed and three injured in different incidents including road accidents across the city during three days of Eid-ul-Azha. A young boy was killed by a sharp knife during a dispute with his relative in Orangi Town area on Saturda
Published 01 Dec, 2009 12:00am
Mehran University announces admission schedule

Mehran University announces admission schedule

The authorities of the Mehran University have advised the successful candidates of the Bachelor of Engineering, Bachelor of City and Regional Planning and Bachelor of Architecture Programmes to collect their admission letter in persons from the Directorat
Published 01 Dec, 2009 12:00am
NRO not a bad phenomenon: Bilour

NRO not a bad phenomenon: Bilour

Central leader ANP and Federal Minister for Railways, Haji Ghulam Ahmad Bilour, has said that there was no harm in giving benefit to the politicians through national reconciliation ordinance (NRO) especially in the countries where politics was based on po
Published 01 Dec, 2009 12:00am
Recovery of snatched vehicles: Mirza directs to formulate SOP

Recovery of snatched vehicles: Mirza directs to formulate SOP

Home Minister Dr Zulfikar Ali Mirza has directed PPO Sindh to formulate a formal Standard Operating Procedure (SOP) for the recovery of snatched/stolen cars and other vehicles and arrest of the accused involved. Under the SPO, he directed, as soon as a re
Published 01 Dec, 2009 12:00am
PPP has no dispute with MQM: Qaim

PPP has no dispute with MQM: Qaim

Sindh Chief Minister Syed Qaim Ali Shah on Monday said "as Chief Minister I say there is no dispute between PPP and MQM and our every effort will be to keep them with us to continue to serve the people of Sindh". He was talking to media after offering con
Published 01 Dec, 2009 12:00am
'Loadshedding significantly decreased'

'Loadshedding significantly decreased'

The Managing Director of Pakistan Electric Power Company (Pepco), Tahir Basharat Cheema has claimed that load shedding has significantly decreased since a few months. While talking to a private TV news channel, he claimed that load shedding, in most parts
Published 01 Dec, 2009 12:00am
Commonwealth hails return of Pakistan to fold

Commonwealth hails return of Pakistan to fold

Commonwealth leaders on Sunday welcomed last year's return of Pakistan to the body of mainly former British colonies after it held elections. Pakistan was readmitted in May 2008 after a six-month suspension triggered by a temporary political clampdown by
Published 01 Dec, 2009 12:00am
MONEY WEEK: ''The fiscal management'' is key phrase in this situation

MONEY WEEK: ''The fiscal management'' is key phrase in this situation

The delay in much-needed foreign flows in the form of soft loans and aid s from FoDP for fiscal support is mounting pressure on central bank borrowing to meet excess government expenditure. Half way in the second quarter, the government borrowing from SBP
Published 01 Dec, 2009 12:00am
MONEY WEEK: 'The fiscal management' is key phrase in this situation

MONEY WEEK: 'The fiscal management' is key phrase in this situation

The delay in much-needed foreign flows in the form of soft loans and aid s from FoDP for fiscal support is mounting pressure on central bank borrowing to meet excess government expenditure. Half way in the second quarter, the government borrowing from SBP
Published 01 Dec, 2009 12:00am
MONEY WEEK: 'The fiscal management' is key phrase in this situation

MONEY WEEK: 'The fiscal management' is key phrase in this situation

The delay in much-needed foreign flows in the form of soft loans and aid s from FoDP for fiscal support is mounting pressure on central bank borrowing to meet excess government expenditure. Half way in the second quarter, the government borrowing from SBP
Published 01 Dec, 2009 12:00am
Defence lawyer for Kasab dismissed

Defence lawyer for Kasab dismissed

The lawyer for the lone surviving gunman accused of the Mumbai attacks was removed from the case on Monday for non-co-operation, days after the country marked the first anniversary of the three-day siege that killed 166 people. Abbas Kazmi, the attorney f
Published 01 Dec, 2009 12:00am
Defence lawyer for Kasab dismissed

Defence lawyer for Kasab dismissed

The lawyer for the lone surviving gunman accused of the Mumbai attacks was removed from the case on Monday for non-co-operation, days after the country marked the first anniversary of the three-day siege that killed 166 people. Abbas Kazmi, the attorney f
Published 01 Dec, 2009 12:00am
Inflation fuels middle class dissatisfaction with government

Inflation fuels middle class dissatisfaction with government

Pakistan''s middle classes are increasingly being squeezed by price hikes, fuelling dissatisfaction with an unstable government that is struggling to contain Taliban attacks. In a country with huge disparity in wealth, life has always been a struggle for
Published 01 Dec, 2009 12:00am
Inflation fuels middle class dissatisfaction with government

Inflation fuels middle class dissatisfaction with government

Pakistan's middle classes are increasingly being squeezed by price hikes, fuelling dissatisfaction with an unstable government that is struggling to contain Taliban attacks. In a country with huge disparity in wealth, life has always been a struggle for t
Published 01 Dec, 2009 12:00am
Inflation fuels middle class dissatisfaction with government

Inflation fuels middle class dissatisfaction with government

Pakistan's middle classes are increasingly being squeezed by price hikes, fuelling dissatisfaction with an unstable government that is struggling to contain Taliban attacks. In a country with huge disparity in wealth, life has always been a struggle for t
Published 01 Dec, 2009 12:00am
Sindh wheat crop facing acute water shortage

Sindh wheat crop facing acute water shortage

The wheat crop in Sindh is facing acute shortage of irrigation water and the growers said they fear serious damage if the required quantity of water is not made available to their crops, it is learnt. Further, the poor growers of different districts of th
Published 01 Dec, 2009 12:00am
Sindh wheat crop facing acute water shortage

Sindh wheat crop facing acute water shortage

The wheat crop in Sindh is facing acute shortage of irrigation water and the growers said they fear serious damage if the required quantity of water is not made available to their crops, it is learnt. Further, the poor growers of different districts of th
Published 01 Dec, 2009 12:00am
Sindh wheat crop facing acute water shortage

Sindh wheat crop facing acute water shortage

The wheat crop in Sindh is facing acute shortage of irrigation water and the growers said they fear serious damage if the required quantity of water is not made available to their crops, it is learnt. Further, the poor growers of different districts of th
Published 01 Dec, 2009 12:00am
Indian police arrest politician in huge fraud probe

Indian police arrest politician in huge fraud probe

Indian police Monday arrested a regional politician suspected of embezzling up to 650 million dollars during his five years in ministerial posts in an impoverished eastern state, officials said. Madhu Koda was taken into custody in his constituency of Cha
Published 01 Dec, 2009 12:00am
Indian police arrest politician in huge fraud probe

Indian police arrest politician in huge fraud probe

Indian police Monday arrested a regional politician suspected of embezzling up to 650 million dollars during his five years in ministerial posts in an impoverished eastern state, officials said. Madhu Koda was taken into custody in his constituency of Cha
Published 01 Dec, 2009 12:00am
MQM and PPP agree to patch up differences: Rehman calls on Altaf

MQM and PPP agree to patch up differences: Rehman calls on Altaf

Interior Minister Rehman Malik held a meeting with MQM leader Altaf Hussain in London Sunday and conveyed the goodwill messages of President Asif Ali Zardari and Prime Minister Yousuf Raza Gilani. According to Muttahida Quami Movement (MQM) announcement,
Published 01 Dec, 2009 12:00am
MQM and PPP agree to patch up differences: Rehman calls on Altaf

MQM and PPP agree to patch up differences: Rehman calls on Altaf

Interior Minister Rehman Malik held a meeting with MQM leader Altaf Hussain in London Sunday and conveyed the goodwill messages of President Asif Ali Zardari and Prime Minister Yousuf Raza Gilani. According to Muttahida Quami Movement (MQM) announcement,
Published 01 Dec, 2009 12:00am
Iran sees lower first quarter demand for Opec crude

Iran sees lower first quarter demand for Opec crude

Demand for Opec crude in the first quarter of 2010 is expected to fall below the producer group's current output, the semi-official Mehr News Agency quoted a senior Iranian official as saying on Monday. "Demand in the last quarter of 2009 is about 29.3 mi
Published 01 Dec, 2009 12:00am
Brown statement seems an out of context thing: Prime Minister

Brown statement seems an out of context thing: Prime Minister

Prime Minister Syed Yousuf Raza Gilani on Monday left here on a four-day official visit to Germany and United Kingdom. Talking to media persons before his departure at the Chaklala Air Base, the Prime Minister said his visit aimed at strengthening bilater
Published 01 Dec, 2009 12:00am
Brown statement seems an out of context thing: Prime Minister

Brown statement seems an out of context thing: Prime Minister

Prime Minister Syed Yousuf Raza Gilani on Monday left here on a four-day official visit to Germany and United Kingdom. Talking to media persons before his departure at the Chaklala Air Base, the Prime Minister said his visit aimed at strengthening bilater
Published 01 Dec, 2009 12:00am
Brown phones Zardari

Brown phones Zardari

British Prime Minister Gordon Brown on Saturday night telephoned President Asif Ali Zardari. Spokesperson to the President and former Senator Farhatullah Babar said that matters relating to bilateral relations between the two countries, Pakistan's fight a
Published 01 Dec, 2009 12:00am
Miliband briefed about military operation

Miliband briefed about military operation

Foreign Minister Makhdoom Shah Mahmood Qureshi met his British counterpart David Miliband on the margins of the Commonwealth Head of Government Meeting (CHOGM), in Port of Spain and discussed a whole range of issues of mutual interest Saturday.
Published 01 Dec, 2009 12:00am
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