AGL 40.21 Increased By ▲ 0.18 (0.45%)
AIRLINK 127.64 Decreased By ▼ -0.06 (-0.05%)
BOP 6.67 Increased By ▲ 0.06 (0.91%)
CNERGY 4.45 Decreased By ▼ -0.15 (-3.26%)
DCL 8.73 Decreased By ▼ -0.06 (-0.68%)
DFML 41.16 Decreased By ▼ -0.42 (-1.01%)
DGKC 86.11 Increased By ▲ 0.32 (0.37%)
FCCL 32.56 Increased By ▲ 0.07 (0.22%)
FFBL 64.38 Increased By ▲ 0.35 (0.55%)
FFL 11.61 Increased By ▲ 1.06 (10.05%)
HUBC 112.46 Increased By ▲ 1.69 (1.53%)
HUMNL 14.81 Decreased By ▼ -0.26 (-1.73%)
KEL 5.04 Increased By ▲ 0.16 (3.28%)
KOSM 7.36 Decreased By ▼ -0.09 (-1.21%)
MLCF 40.33 Decreased By ▼ -0.19 (-0.47%)
NBP 61.08 Increased By ▲ 0.03 (0.05%)
OGDC 194.18 Decreased By ▼ -0.69 (-0.35%)
PAEL 26.91 Decreased By ▼ -0.60 (-2.18%)
PIBTL 7.28 Decreased By ▼ -0.53 (-6.79%)
PPL 152.68 Increased By ▲ 0.15 (0.1%)
PRL 26.22 Decreased By ▼ -0.36 (-1.35%)
PTC 16.14 Decreased By ▼ -0.12 (-0.74%)
SEARL 85.70 Increased By ▲ 1.56 (1.85%)
TELE 7.67 Decreased By ▼ -0.29 (-3.64%)
TOMCL 36.47 Decreased By ▼ -0.13 (-0.36%)
TPLP 8.79 Increased By ▲ 0.13 (1.5%)
TREET 16.84 Decreased By ▼ -0.82 (-4.64%)
TRG 62.74 Increased By ▲ 4.12 (7.03%)
UNITY 28.20 Increased By ▲ 1.34 (4.99%)
WTL 1.34 Decreased By ▼ -0.04 (-2.9%)
BR100 10,086 Increased By 85.5 (0.85%)
BR30 31,170 Increased By 168.1 (0.54%)
KSE100 94,764 Increased By 571.8 (0.61%)
KSE30 29,410 Increased By 209 (0.72%)
Nov 17, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2010-02-16
Countries send joint A400M funding bid to EADS

Countries send joint A400M funding bid to EADS

The seven countries that ordered the Airbus A400M military transport plane have submitted a joint proposal on how to cover extra costs, a German defence ministry spokesman said Monday. The state secretaries of Germany, France, Britain, Spain, Belgium, Lux
Published 16 Feb, 2010 12:00am
Dubai CDS soar as Dubai World worries weigh

Dubai CDS soar as Dubai World worries weigh

The cost of insuring five-year Dubai debt against default jumped to its highest level since March on Monday as concerns intensified over the debt restructuring of state-owned conglomerate Dubai World. Nervousness over the fate of Dubai World debt grew aft
Published 16 Feb, 2010 12:00am
Dubai CDS soar as Dubai World worries weigh

Dubai CDS soar as Dubai World worries weigh

The cost of insuring five-year Dubai debt against default jumped to its highest level since March on Monday as concerns intensified over the debt restructuring of state-owned conglomerate Dubai World. Nervousness over the fate of Dubai World debt grew aft
Published 16 Feb, 2010 12:00am
India amends foreign currency convertible bond rules

India amends foreign currency convertible bond rules

India on Monday amended rules for foreign currency convertible bonds (FCCB) to allow issuers to revise their conversion price, a move aimed at reducing price uncertainty in a volatile equity market. The change will give issuers a window of 6 months to adj
Published 16 Feb, 2010 12:00am
India amends foreign currency convertible bond rules

India amends foreign currency convertible bond rules

India on Monday amended rules for foreign currency convertible bonds (FCCB) to allow issuers to revise their conversion price, a move aimed at reducing price uncertainty in a volatile equity market. The change will give issuers a window of 6 months to adj
Published 16 Feb, 2010 12:00am
Bharti confirms $10.7 billion bid for Zain Africa assets

Bharti confirms $10.7 billion bid for Zain Africa assets

Bharti Airtel is in exclusive talks to buy for $10.7 billion in cash most of Kuwaiti telecom group Zain's African cellular assets, the Indian firm's third attempt at gaining a foothold in a continent that offers a last opportunity for major subscriber gro
Published 16 Feb, 2010 12:00am
France draws up own list of tax havens

France draws up own list of tax havens

France has drawn up its own list of 18 states it sees as tax havens and plans to impose punitive taxes on French companies which have a presence there, according to documents seen by AFP Monday. Caribbean states, Costa Rica and Panama in central America,
Published 16 Feb, 2010 12:00am
UAE central bank to look at steps to reduce interbank rates

UAE central bank to look at steps to reduce interbank rates

United Arab Emirates interbank offered ratesdo not reflect true market lending rates and the central bank will consult with banks and make proposals on how to reduce them, a central bank official said on Monday. The Emirates Interbank Offered Rates have b
Published 16 Feb, 2010 12:00am
German truck maker MAN swings into loss in 2009

German truck maker MAN swings into loss in 2009

The German industrial group MAN swung into net loss last year owing to exceptional items, but remained profitable at the operating level, it said on Monday. The group, which makes heavy trucks and buses along with turbo machinery and diesel engines, repor
Published 16 Feb, 2010 12:00am
German truck maker MAN swings into loss in 2009

German truck maker MAN swings into loss in 2009

The German industrial group MAN swung into net loss last year owing to exceptional items, but remained profitable at the operating level, it said on Monday. The group, which makes heavy trucks and buses along with turbo machinery and diesel engines, repor
Published 16 Feb, 2010 12:00am
Global oil refining sector needs consolidation: BP

Global oil refining sector needs consolidation: BP

Consolidation is needed in the global oil refining sector, the chief economist of BP Plc said on Monday, indicating more tough decisions ahead for an industry beset by poor margins. Oil companies including BP and Royal Dutch Shell have reported billions o
Published 16 Feb, 2010 12:00am
Japan's finance minister tests waters for sales tax debate

Japan's finance minister tests waters for sales tax debate

Japanese Finance Minister Naoto Kan said he was open to debating sales tax reform, suggesting the government may consider raising the tax to help fund its spending programmes focused on supporting households. Many analysts say the government will have no
Published 16 Feb, 2010 12:00am
Shy steel magnate is Russia's new richest man

Shy steel magnate is Russia's new richest man

A publicity-shy steel magnate has emerged as Russia's new richest man, after a year which saw all its top oligarchs defy the financial crisis and increase their fortunes, a report said Monday. Vladimir Lisin, the low-profile owner of leading steel produce
Published 16 Feb, 2010 12:00am
Saudi Arabia preparing for oil demand to peak

Saudi Arabia preparing for oil demand to peak

A top Saudi energy official expressed serious concern Monday that world oil demand could peak in the next decade and said his country was preparing for that eventuality by diversifying its economic base. Mohammed al-Sabban, lead climate talks negotiator,
Published 16 Feb, 2010 12:00am
Yara offers to buy Terra for $4.1 billion

Yara offers to buy Terra for $4.1 billion

Yara International of Norway, the world's biggest mineral fertiliser producer, said Monday it made a cash offer of 4.1 billion dollars (3.0 billion euros) for US firm Terra Industries. The move signals an attempt by Yara to become a North American giant a
Published 16 Feb, 2010 12:00am
Italian official trade deficit shrinks 64 percent in 2009

Italian official trade deficit shrinks 64 percent in 2009

Italy's trade deficit in 2009 shrank by 64 percent from the 2008 level to 4.1 billion euros, official figures showed Monday. In 2008, the trade deficit was 11.5 billion euros (15.6 billion dollars). Italian exports shrank by 20.7 percent while imports wer
Published 16 Feb, 2010 12:00am
Overseas Filipinos send more money home despite crisis

Overseas Filipinos send more money home despite crisis

Cash sent home by Filipinos working abroad rose a stronger-than-expected 5.6 percent to 17.3 billion dollars last year as jobs remained plentiful despite the global crisis, the central bank said Monday. Remittances from abroad in 2009 accounted for 10.8 p
Published 16 Feb, 2010 12:00am
Operators unite to challenge Apple's applications

Operators unite to challenge Apple's applications

Twenty-four telecom operators have formed an alliance to build an open platform that will deliver applications to all mobile phone users in an effort to compete with Apple's successful apps store. The move is supported by three of the world's largest devi
Published 16 Feb, 2010 12:00am
India's inflation hits 14-month high in January

India's inflation hits 14-month high in January

India's headline inflation in January accelerated to its fastest pace in more than a year, vaulting above the central bank's end-March inflation forecast and putting more pressure on the bank to raise borrowing rates. The inflation data comes on the heels
Published 16 Feb, 2010 12:00am
Microsoft set to unveil new mobile platform

Microsoft set to unveil new mobile platform

Microsoft, seeking to regain its footing in the fiercely competitive mobile market, is expected to unveil Monday a new smartphone platform at the industry's biggest trade show. The US software giant has remained tight-lipped about what chief executive Ste
Published 16 Feb, 2010 12:00am
British Airways to buy jet fuel from city waste

British Airways to buy jet fuel from city waste

British Airways will start sourcing a small portion of its jet fuel from municipal waste from 2014, under a deal with US-based biofuel company Solena Group, the two companies announced on Monday. British Airways, one of the top three airlines in Europe, s
Published 16 Feb, 2010 12:00am
Canadian dollar seen back at parity

Canadian dollar seen back at parity

Canada's dollar looks set to climb back up above its US counterpart in coming months, helped by optimism about a recovering domestic economy, rising commodity prices and the weakness of the US currency. But the flight above parity with the US dollar may n
Published 16 Feb, 2010 12:00am
Euro on defensive

Euro on defensive

The euro edged near 9-month lows against the dollar on Monday as doubts intensified about whether policymakers in the euro zone will help debt-laden Greece, prompting investors to add to long positions in the greenback. Activity in Asia remained generally
Published 16 Feb, 2010 12:00am
Swiss franc tests mooted SNB confidence level

Swiss franc tests mooted SNB confidence level

The Swiss franc held close to recent highs against the euro on Monday as traders mulled over a mooted central bank intervention on Friday. The Swissie slipped against the dollar after hitting a several month low in the previous session.
Published 16 Feb, 2010 12:00am
East African currencies seen mostly steady

East African currencies seen mostly steady

The Kenyan and Tanzanian shillings were seen holding steady against the dollar in the next week to Wednesday, while Uganda's currency was expected to weaken, traders said.
Published 16 Feb, 2010 12:00am
South Africa strike after Sehwag, Tendulkar tons

South Africa strike after Sehwag, Tendulkar tons

Virender Sehwag and Sachin Tendulkar smashed impressive centuries before South Africa fought back with three quick wickets on the second day of the final Test on Monday. Sehwag cracked 23 fours and two sixes in his 165 off 174 balls and shared a third-wic
Published 16 Feb, 2010 12:00am
Ski finally gets go-ahead, Loch wins emotional luge final

Ski finally gets go-ahead, Loch wins emotional luge final

Ski officials finally gave the green light for the opening alpine races of the Winter Olympics on Sunday as Germany's Felix Loch won an emotion-charged final of the disaster-hit luge. Adverse weather has hampered the staging of the men's opening downhill,
Published 16 Feb, 2010 12:00am
Pakistan needs passionate, wise coach: Wasim

Pakistan needs passionate, wise coach: Wasim

Legendary paceman Wasim Akram said Monday that irrespective of nationality, Pakistan needed a passionate and wise coach to rescue the team after humiliating defeats in Australia. "What Pakistan needs is a passionate coach who is more involved with the boy
Published 16 Feb, 2010 12:00am
Sports body backs strict action against Afridi

Sports body backs strict action against Afridi

Pakistani senators on Monday demanded "strict action" against dashing all-rounder Shahid Afridi, who was caught tampering with the ball in a one-day match in Australia. The Senate standing committee on sports made the call after discussing Pakistan's woef
Published 16 Feb, 2010 12:00am
Beckham expecting emotional United tie

Beckham expecting emotional United tie

David Beckham could hardly contain his excitement on the eve of the Champions League tie between AC Milan and Manchester United at the San Siro here on Tuesday. Beckham won this competition back in 1999 with United and left the club four years later to jo
Published 16 Feb, 2010 12:00am
Shahid shines in SPM's massive win

Shahid shines in SPM's massive win

A scorching century by Haji Shahid Anwar pushed Sayid Paper Mills (SPM) stags to authoritative 146 run win over Hamdard Karachi Veterans Touring Cricket Team at Railway Stadium, here on Monday. SPM Stags made 304-4 in 30 overs with Shahid Anwar making 139
Published 16 Feb, 2010 12:00am
Shoaib Akhtar loses nearly all his 2009 match fees

Shoaib Akhtar loses nearly all his 2009 match fees

Controversial fast bowler Shoaib Akhtar has been left with just 44,971 rupees (US $525) of his 2009 match fees after the Pakistan Cricket Board deducted an unpaid fine of 7 million rupees ($81,400) for comments he made about selectors. Shoaib Akhtar was g
Published 16 Feb, 2010 12:00am
Transatlantic plane turned back after doubts over passenger

Transatlantic plane turned back after doubts over passenger

A British Airways plane flying from London to Mexico was forced to do a U-turn over the Atlantic after concerns about a passenger on board, the airline said Monday. Amid tightened security following the failed Detroit bombing in December, the flight carry
Published 16 Feb, 2010 12:00am
Bangladesh to rename airport

Bangladesh to rename airport

Bangladesh's Awami League-led alliance government on Monday decided to rename the country's main international airport, an official said. Prime Minister Sheikh Hasina Wazed's cabinet decided to change the name of Zia International Airport to Hazrat Shahja
Published 16 Feb, 2010 12:00am
Hamas leader killed by European team: Dubai police

Hamas leader killed by European team: Dubai police

Dubai's police chief says an 11-member hit squad carrying European passports was responsible for killing a Hamas commander in his hotel room last month. Lieutenant General Dhahi Khalfan Tamim suggests a foreign intelligence service was behind the January
Published 16 Feb, 2010 12:00am
Six killed in heavy rain in Makkah

Six killed in heavy rain in Makkah

A family of six died when the wall of a soccer stadium collapsed onto their home in heavy rain in Makkah, a diplomat said on Monday. "The preliminary information we have is that a Bangladeshi couple and four of their children died," a Bangladeshi diplomat
Published 16 Feb, 2010 12:00am
Hasina seeks early climate fund

Hasina seeks early climate fund

Bangladesh Prime Minister Sheikh Hasina on Monday urged donors countries to come up quickly with promised funds to help her country limit the effects of climate change. World leaders pledged an initial $10 billion fund at the December climate summit in Co
Published 16 Feb, 2010 12:00am
Iran defies West on human rights

Iran defies West on human rights

Iran, already in confrontation with big powers over its nuclear programme, on Monday defied the West over human rights, declaring that it was an open democracy where free speech and justice were guaranteed. Rejecting charges from the United States, France
Published 16 Feb, 2010 12:00am
Hottest temperature ever heads science to Big Bang

Hottest temperature ever heads science to Big Bang

Scientists have created the hottest temperature ever in the lab - 4 trillion degrees Celsius - hot enough to break matter down into the kind of soup that existed microseconds after the birth of the universe.
Published 16 Feb, 2010 12:00am
Yemeni rebels hand over one Saudi soldier

Yemeni rebels hand over one Saudi soldier

Yemeni Shia rebels freed a Saudi soldier on Monday, handing him to a cease-fire committee in a goodwill gesture, a Yemeni official said. Talks were underway to free the remaining four Saudi soldiers believed held captive, Al Arabiya television said. The m
Published 16 Feb, 2010 12:00am
Maoist rebels kill 14 Indian policemen

Maoist rebels kill 14 Indian policemen

Suspected armed Maoist rebels riding motorcycles on Monday killed 14 policemen in an attack on a security camp in eastern India, police and officials said. Two Maoist guerrillas were also killed following a gunbattle with security forces in West Bengal st
Published 16 Feb, 2010 12:00am
Protestors demand new state in southern India

Protestors demand new state in southern India

Police were injured in clashes with students Monday in Hyderabad over demands for a separate Telangana state, officials said. More than 10 security and media personnel were injured in the violence at the Osmania University in the capital of India's Andhra
Published 16 Feb, 2010 12:00am
British couple beats record with Euro millions lottery win

British couple beats record with Euro millions lottery win

A British couple identified Monday as the lucky co-winners of a massive jackpot of 130-million euros (176.4 million dollars) said they were left speechless by their "amazing" win which they would use to buy new home, new cars and a Shetland pony.
Published 16 Feb, 2010 12:00am
Miracle leap from helicopter saves pilot and passenger

Miracle leap from helicopter saves pilot and passenger

A French pilot and his 63-year-old female passenger escaped what looked like certain death by leaping out of a helicopter in mid-flight, France Info radio reported Monday. The two were flying to the city of Valence Sunday, over mid-sized mountains, when a
Published 16 Feb, 2010 12:00am
25 dead as trains collide in Belgium

25 dead as trains collide in Belgium

Up to 25 people were reported to have died on Monday morning and an unknown number were injured after two passenger trains collided head-on in the Belgian town of Halle, south of Brussels. The Brussels prosecutor's office said that between eight and 20 pe
Published 16 Feb, 2010 12:00am
EU to cut Sri Lanka trade benefits over rights

EU to cut Sri Lanka trade benefits over rights

European Union nations decided Monday to withdraw preferential trade benefits from Sri Lanka due to "significant shortcomings" on human rights issues, the EU Commission announced. The decision came after an "exhaustive investigation... identified signific
Published 16 Feb, 2010 12:00am
North Korea calls for end to hostility with US

North Korea calls for end to hostility with US

North Korea Monday stressed the need to improve relations with the United States at a meeting called to celebrate the birthday the following day of leader Kim Jong-Il, state media reported. Kim Yong-Nam, the communist state's number two leader, "underscor
Published 16 Feb, 2010 12:00am
Australian dollar hovers near decade high

Australian dollar hovers near decade high

The Australian dollar hovered near a decade high against the struggling euro on Monday as uncertainty over whether Euro member Greece can repay its debts hurt the common currency. The euro was cowering at A$0.5328, having sunk from A$1.5750 over last week
Published 16 Feb, 2010 12:00am
Euro falls in London

Euro falls in London

The euro fell against the dollar on Monday, hovering close to nine-month lows as investors waited to see whether meetings of European finance ministers would result in further support for Greece. There were few expectations the meetings on Monday and Tues
Published 16 Feb, 2010 12:00am
Sterling stays firm

Sterling stays firm

Sterling stayed firm versus a struggling euro on Monday, as perceived sovereign risk in the eurozone weighed on sentiment towards the single European currency. Worries over Greece's debts outweighed concerns about the UK economy, as a lack of clarity over
Published 16 Feb, 2010 12:00am
Indian rupee climbs

Indian rupee climbs

The Indian rupee strengthened on Monday as pent-up dollar inflows and higher-than-expected growth in December industrial output raised hopes for stronger economic outlook. The partially convertible rupee closed at 46.32/33 per dollar, 0.4 percent stronger
Published 16 Feb, 2010 12:00am
Copper prices rise

Copper prices rise

Copper rose on Monday as improving western world demand outweighed concerns over how sovereign debt in countries such as Greece might impact the pace of economic recovery. Benchmark copper for three-month delivery on the London Metal Exchange ended at $6,
Published 16 Feb, 2010 12:00am
Gold holds near $1,100 in London

Gold holds near $1,100 in London

Gold held near $1,100 an ounce on Monday, lifted by concerns over the outlook for the currency markets as traders wait to see whether a meeting of Eurogroup ministers will result in more support for debt-laden Greece.
Published 16 Feb, 2010 12:00am
Oil slips to $74

Oil slips to $74

Oil prices slipped to $74 on Monday as concerns over Greece outweighed early optimism over Japanese growth. Public holidays in the United States and much of Asia kept trade thin and concentrated attention on the eurozone where European finance ministers w
Published 16 Feb, 2010 12:00am
London cocoa rises

London cocoa rises

London cocoa futures rose on Monday, buoyed by political instability in top producer Ivory Coast, while sugar and robusta coffee eased in thin volumes. US markets were shut for President's Day.
Published 16 Feb, 2010 12:00am
US and Asian markets closed

US and Asian markets closed

The stocks, financial and commodity markets of US were closed on Monday due to Presidents' Day. The markets will resume trading on Tuesday. In Asia, financial, stocks and commodity markets of China, Hong Kong, Malaysia, Singapore, South Korea and Taiwan w
Published 16 Feb, 2010 12:00am
Thailand and Indonesia down

Thailand and Indonesia down

Thailand and Indonesia fell in thin trade on Monday, retreating from one-week highs scored in the previous session, and trade was subdued, with many markets in the region closed for the Lunar New Year holiday. However, the Philippines rose to its highest
Published 16 Feb, 2010 12:00am
Indian shares fall

Indian shares fall

Indian shares fell 0.7 percent on Monday, with Bharti Airtel sliding to its lowest close in more than two months as investors gave a thumbs down to its $10.7 billion bid to buy Kuwaiti Zain's African assets. "Bharti dampened the sentiment today," said Vai
Published 16 Feb, 2010 12:00am
European CDS indexes widen

European CDS indexes widen

European credit index spreads widened late Monday morning in thin sovereign-focused trade, partly as a result of a US holiday, while primary issuance remained scant. By 1140 GMT, the investment-grade Markit iTraxx Europe index was at 92.25 basis points, a
Published 16 Feb, 2010 12:00am
European CDS indexes widen

European CDS indexes widen

European credit index spreads widened late Monday morning in thin sovereign-focused trade, partly as a result of a US holiday, while primary issuance remained scant. By 1140 GMT, the investment-grade Markit iTraxx Europe index was at 92.25 basis points, a
Published 16 Feb, 2010 12:00am
UK's top share index rises

UK's top share index rises

Britain's leading shares rose 0.5 percent on Monday, led by firmer banks and commodity issues after falls in the previous session, while British Airways climbed on increased hopes for a global alliance. At the close, the FTSE 100 index was 25.02 points hi
Published 16 Feb, 2010 12:00am
Rise in 'dumping' of new-born babies: Chhipa expresses concern

Rise in 'dumping' of new-born babies: Chhipa expresses concern

A social worker Ramzan Chhipa has expressed concern at what he termed `surge in the dumping of the new born babies'. In this connection, Ramzan Chhipa held a meeting, said a statement of the Chhipa Welfare Association. The meeting revealed that in a month
Published 16 Feb, 2010 12:00am
'Investors showing interest in housing sector'

'Investors showing interest in housing sector'

Minister for Housing and Works Rehmatullah Kakar on Monday said local and foreign investors were showing keen interest in housing sector of the country. "The government has made housing sector attractive for the local as well as for foreign investors," th
Published 16 Feb, 2010 12:00am
Officials briefed on Federal Statistical System

Officials briefed on Federal Statistical System

The Statistics Division here on Monday arranged a briefing session on the restructuring of Federal Statistical System of Pakistan, besides introducing "Pakistan Bureau of Statistics (PBS) and the provisions made in the new law. The draft bill for the rest
Published 16 Feb, 2010 12:00am
Three-day anti-polio campaign in AJK starts

Three-day anti-polio campaign in AJK starts

In Azad Jammu and Kashmir, the three-day polio immunisation campaign started from Monday. Over 500,000 children of the age of up to five years would be immunised with the anti-polio vaccine and vitamin A drops during the drive which would continue until F
Published 16 Feb, 2010 12:00am
India wasted one year by suspending talks: foreign office

India wasted one year by suspending talks: foreign office

Foreign Office spokesman Abdul Basit has said that India has wasted one year by discontinuing talks with Pakistan. Talking to a private news channel on Monday, the FO spokesman said it was still not clear what India wanted. There were no chances of a meet
Published 16 Feb, 2010 12:00am
Forthcoming National Health Policy focuses on patients' safety

Forthcoming National Health Policy focuses on patients' safety

The forthcoming National Health Policy particularly focuses on "Patient's Safety" and improvement in medical services availed in both the public and private sectors, said Federal Director General of Health, Professor Jooma here on Monday.
Published 16 Feb, 2010 12:00am
Shipping rates

Shipping rates

News appeared in a section of press of the meeting held at KPT, chaired by the Commerce Secretary to discuss rationalising of shipping charges. Interested quarters appear again out to confuse and mislead, for1legally, importers don't have to pay any charg
Published 16 Feb, 2010 12:00am
Will water be the blue gold?

Will water be the blue gold?

Water is politics, water's religion. Water is far from being pure economical. Scarcity of the most needed natural resource in the face of rapidly growing population warrants more attention. In the aftermath of global warming, changes in water dynamics are
Published 16 Feb, 2010 12:00am
Biden's 'biggest worry'

Biden's 'biggest worry'

In a recent interview with CNN's Larry King, US Vice-President Joe Biden has said the security situation in Pakistan worries him more than the wars in Iraq and Afghanistan and Iran's nuclear programme. "You heard me say this for the last 10 years," said B
Published 16 Feb, 2010 12:00am
Some new concerns about Afghan transit trade

Some new concerns about Afghan transit trade

People associated with the Afghan transit trade are worried about the likely impact on their businesses of allowing Afghan trucks to carry the proposed Wagah-Khyber transit trade items, as well as existing Afghan imports, via Karachi ports.
Published 16 Feb, 2010 12:00am
Withdraw notifications

Withdraw notifications

The inevitable has happened. The Supreme Court has suspended the appointments of two sitting judges to new positions made by President Zardari, declaring his action unconstitutional.
Published 16 Feb, 2010 12:00am
After tax loss of PRL declined to Rs 1.699 billion

After tax loss of PRL declined to Rs 1.699 billion

The after tax loss of Pakistan Refinery Limited (PRL) has declined to Rs 1.699 billion in the half year period ended December 31, 2009 as compared to Rs 3.977 billion recorded in the corresponding period in 2008. The board of directors of the company in i
Published 16 Feb, 2010 12:00am
After tax loss of PRL declined to Rs 1.699 billion

After tax loss of PRL declined to Rs 1.699 billion

The after tax loss of Pakistan Refinery Limited (PRL) has declined to Rs 1.699 billion in the half year period ended December 31, 2009 as compared to Rs 3.977 billion recorded in the corresponding period in 2008. The board of directors of the company in i
Published 16 Feb, 2010 12:00am
After tax profit of Rafhan company declined to Rs 1.297 billion

After tax profit of Rafhan company declined to Rs 1.297 billion

The after tax profit of Rafhan Maize Products Company has declined to Rs 1.297 billion in the year ended December 31, 2009 as compared to Rs 1.492 billion recorded in the same period in 2008. The company's per share earnings declined to Rs 140.43 in the p
Published 16 Feb, 2010 12:00am
After tax profit of Rafhan company declined to Rs 1.297 billion

After tax profit of Rafhan company declined to Rs 1.297 billion

The after tax profit of Rafhan Maize Products Company has declined to Rs 1.297 billion in the year ended December 31, 2009 as compared to Rs 1.492 billion recorded in the same period in 2008. The company's per share earnings declined to Rs 140.43 in the p
Published 16 Feb, 2010 12:00am
ACCI, KCCI discuss formation of Pak-Afghan Joint Chamber

ACCI, KCCI discuss formation of Pak-Afghan Joint Chamber

A meeting between the high officials of Afghanistan Chamber of Commerce & Industry (ACCI) and Karachi Chamber of Commerce & Industry (KCCI) regarding the establishment of Pak-Afghan Joint Chamber of Commerce & Industry (PAJCCI) was held at KCCI for delibe
Published 16 Feb, 2010 12:00am
City Council allocates 25 acres of land for graveyard in Gaddap

City Council allocates 25 acres of land for graveyard in Gaddap

City Council Karachi, through a resolution, on Monday approved the allocation of around 25 acres of land in Gaddap Town for cemetery, as the existing graveyards in the city have no more space for burial. While the Sindh Assembly was deciding the fate of l
Published 16 Feb, 2010 12:00am
20 percent increase in pension of secured workers

20 percent increase in pension of secured workers

Provincial Minister for Labour and Human Resources, Ashraf Khan Sohna, has said that department has made 20 percent increase in the pension of secured workers, who died or became disable during the service, while financial assistance of contract workers w
Published 16 Feb, 2010 12:00am
Starr system can ensure speedy payment of VAT refund: FBR

Starr system can ensure speedy payment of VAT refund: FBR

The Federal Board of Revenue (FBR) has the capacity to upgrade Sales Tax Automated Refund Repository Computer System' (Starr) system for speedy payment of value added tax (VAT) refund from July 1, 2010 instead of spending time and resources on developing
Published 16 Feb, 2010 12:00am
Crackdown on youth in IHK: dozens arrested

Crackdown on youth in IHK: dozens arrested

Indian police and paramilitary personnel arrested dozens of youth from Srinagar, Pattan, Sopore and other areas during the house raids in the past several days in occupied Kashmir. According to Kashmir Media Service, the residents of Nowhatta, Hawal and G
Published 16 Feb, 2010 12:00am
Anti-polio drive launched

Anti-polio drive launched

Punjab Health Department, on Monday has launched its three-day National Immunisation Campaign against polio in southern Punjab, during which polio drops are being administered to 16 million children up to five years of age. A total of 38,000 vaccination t
Published 16 Feb, 2010 12:00am
'EMDR effective therapy for trauma-related disorders'

'EMDR effective therapy for trauma-related disorders'

About 35 percent of people exposed to terrorist attacks may develop post-traumatic stress disorder (PTSD) but latest psychotherapy technique of eye movement desensitisation and reprocessing (EMDR) can prove very effective in the treatment of PTSD.
Published 16 Feb, 2010 12:00am
Public advised to beware of fraudulent companies

Public advised to beware of fraudulent companies

The public is advised to be vigilant and not misled by fraudulent activities, schemes of deposits, loans, investments launched by certain fake companies and non-corporate entities.
Published 16 Feb, 2010 12:00am
11 committees set up for running affairs of FDPT

11 committees set up for running affairs of FDPT

Chairman, Faisalabad Dry Port Trust, Malik Muhammad Anwar, has constituted 11 committees of the FDPT for runing the affairs of Dry Port smoothely and take corrective measures to enhance its export and import cargo business. Sheikh Ashfaq Ahmed will be Cha
Published 16 Feb, 2010 12:00am
Non-implementation of textile policy measures hindering exports

Non-implementation of textile policy measures hindering exports

Non-implementation of textile policy measures announced eight months ago, is hindering the exports, causing sloth in industrial productivity and credit crunch for exporters. This was stated by Azhar Majeed Sheikh, Chairman standing committee on exports, F
Published 16 Feb, 2010 12:00am
Constitutional reforms body adjourns for a week

Constitutional reforms body adjourns for a week

Senator Mian Raza Rabbani, Chairman of Parliamentary Committee on Constitutional Reforms, on Monday said the committee has decided to adjourn its sitting for one week. "The Committee met on Monday in its 51st meeting and the members were of the view that
Published 16 Feb, 2010 12:00am
Mirza Ghalib's 141st death anniversary observed

Mirza Ghalib's 141st death anniversary observed

The 141st death anniversary of Mirza Asadullah Khan Ghalib, a great classical Urdu and Persian poet was observed on Monday. Nirza Ghalib was born in Agra, now part of Indian state of Uttar Pradesh, during the terminal period of Mughal rule. He changed his
Published 16 Feb, 2010 12:00am
86,596 cusecs water released from reservoirs

86,596 cusecs water released from reservoirs

The Indus River System Authority (Irsa) on Monday released 86,596 cusecs water from various rim stations with inflow of 56,031 cusecs. According to the data released by Irsa here, the maximum water level in River Indus at Tarbela was 1415.38 feet, which w
Published 16 Feb, 2010 12:00am
Solidarity with Supreme Court: FDBA observes strike

Solidarity with Supreme Court: FDBA observes strike

The Members of Faisalabad District Bar Association (FDBA) observed complete strike here on Monday on call of Supreme Court Bar Association to express the solidarity with the Supreme Court and show the resentment against the government decision of appointi
Published 16 Feb, 2010 12:00am
Multan farmers to observe 'long march' on March 9

Multan farmers to observe 'long march' on March 9

Peasants, farmers and tenants of Sahiwal, Khanewal, Pirowal, and Okara have decided to launch a long march from Khanewal to Punjab Assembly to safeguard their rights and save the future of their children. This was decided in a meeting in Khanewal Monday i
Published 16 Feb, 2010 12:00am
Preparations for Eid Milad-ul-Nabi gain momentum

Preparations for Eid Milad-ul-Nabi gain momentum

Preparations for celebrating Eid Milad-ul-Nabi (Peace Be Upon Him) have started gaining momentum as the government and different religious parties and organisations have chalked out a number of programmes to celebrate the birth of Holy Prophet Hazrat Muha
Published 16 Feb, 2010 12:00am
Uplift projects for Swabi district announced

Uplift projects for Swabi district announced

NWFP Minister for Zakat and Usher Haji Zarshed Khan has announced to initiate many uplift projects, including setting up of post office, BHU, vocational centres and installation of water filtration plant, power transformers in different areas of the distr
Published 16 Feb, 2010 12:00am
Dacoits kill two brothers

Dacoits kill two brothers

Five armed dacoits shot dead two brothers and injured one other on meeting resistance during a dacoity in the area of tehsil Liaqatpur on Sunday night, about 60 kilometres from here. Police said here on Monday that five bandits entered the house of Abdul
Published 16 Feb, 2010 12:00am
Previous Day