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Nov 17, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2010-02-20
BoE's Barker to step down from MPC, Dale to stay

BoE's Barker to step down from MPC, Dale to stay

Bank of England Monetary Policy Committee member Kate Barker will step down when her term ends on May 31, but chief economist Spencer Dale will be reappointed to the MPC for another three years. Britain's finance ministry said on Friday that Barker, who h
Published 20 Feb, 2010 12:00am
Czech housing starts drop 14 percent

Czech housing starts drop 14 percent

The number of new homes started in the Czech Republic fell 14 percent in 2009 as the economic downturn took hold of the real estate market. Housing starts fell to 37,319 dwellings last year, statistics office data showed. For the first time in 15 years th
Published 20 Feb, 2010 12:00am
Airbus sees pick up in orders

Airbus sees pick up in orders

European planemaker Airbus expects orders to pick up in the second half of 2011 after a year of consolidation for the airline industry in 2010, the head of its UK business told Reuters on Friday. "We see 2010 as a low year for orders, but our order backlo
Published 20 Feb, 2010 12:00am
Japanese government bonds dip

Japanese government bonds dip

Japanese government bonds fell on Friday, with futures retreating further from a seven-week high, after US Treasuries were hit by the Federal Reserve's decision to raise the interest rate it charges banks for emergency loans. The Fed on Thursday raised th
Published 20 Feb, 2010 12:00am
Japanese government bonds dip

Japanese government bonds dip

Japanese government bonds fell on Friday, with futures retreating further from a seven-week high, after US Treasuries were hit by the Federal Reserve's decision to raise the interest rate it charges banks for emergency loans. The Fed on Thursday raised th
Published 20 Feb, 2010 12:00am
Hong Kong shares hit one-week low

Hong Kong shares hit one-week low

Hong Kong shares tumbled 2.6 percent on Friday to their lowest level in over a week as banks came under pressure after the US Federal Reserve raised the discount rate, sparking fears of further monetary tightening. Investors are bracing for further losses
Published 20 Feb, 2010 12:00am
Wall Street up

Wall Street up

US stocks rose for a third straight day on Thursday as investors viewed company results and manufacturing data as evidence the economic rebound will continue. But stock index futures dropped steeply after the closing bell when the Federal Reserve announce
Published 20 Feb, 2010 12:00am
South Korean bonds slip

South Korean bonds slip

South Korean bond prices fell across the board on Friday as the US central bank's emergency lending rate increase prompted traders, already cautious after the market's sharp rally, to unload holdings. The front-end contract on 3-year treasury bonds fell t
Published 20 Feb, 2010 12:00am
South Korean bonds slip

South Korean bonds slip

South Korean bond prices fell across the board on Friday as the US central bank's emergency lending rate increase prompted traders, already cautious after the market's sharp rally, to unload holdings. The front-end contract on 3-year treasury bonds fell t
Published 20 Feb, 2010 12:00am
US Treasury prices drop

US Treasury prices drop

US Treasury debt prices fell on Thursday after the Federal Reserve raised the discount rate it charges banks for emergency loans, with losses more pronounced at the shorter end of the market. This is the first time the Fed has increased any of its key len
Published 20 Feb, 2010 12:00am
US Treasury prices drop

US Treasury prices drop

US Treasury debt prices fell on Thursday after the Federal Reserve raised the discount rate it charges banks for emergency loans, with losses more pronounced at the shorter end of the market. This is the first time the Fed has increased any of its key len
Published 20 Feb, 2010 12:00am
Asian bond spreads widen

Asian bond spreads widen

Asian bond spreads widened slightly on Friday after the Federal Reserve's surprise move to lift an emergency lending rate, but the Philippines outperformed after the 2009 budget gap came within expectations. The Asia ex-Japan iTraxx investment-grade index
Published 20 Feb, 2010 12:00am
Asian bond spreads widen

Asian bond spreads widen

Asian bond spreads widened slightly on Friday after the Federal Reserve's surprise move to lift an emergency lending rate, but the Philippines outperformed after the 2009 budget gap came within expectations. The Asia ex-Japan iTraxx investment-grade index
Published 20 Feb, 2010 12:00am
Seoul shares end lower

Seoul shares end lower

Seoul shares declined on Friday, extending earlier losses to 1.7 percent on the US Fed's discount rate hike, led by banks and builders including KB Financial Group and Hyundai E&C. "The discount rate hike points to future tightening and exit strategy step
Published 20 Feb, 2010 12:00am
Tokyo stocks tumble

Tokyo stocks tumble

Japan's Nikkei stock average fell 2.1 percent on Friday, with resource-linked shares such as Mitsui & Co hurt after the US Federal Reserve's discount rate hike jolted commodities prices. Property shares tumbled after real estate investment advisory firm D
Published 20 Feb, 2010 12:00am
Toronto stocks up

Toronto stocks up

Toronto's main stock index finished higher for a seventh straight session on Thursday, led by gold mining shares, which got a boost from better than expected results from Barrick Gold. Barrick, the world's biggest gold miner, led all heavyweight gainers,
Published 20 Feb, 2010 12:00am
Hong Kong dollar edges up

Hong Kong dollar edges up

The Hong Kong dollar edged up against the US dollar as some funds might have been flowing into the territory despite a drop in the local stock market and a generally firmer US dollar after the Federal Reserve raised the interest rate it charges banks for
Published 20 Feb, 2010 12:00am
Dollar at eight-month high

Dollar at eight-month high

The dollar leapt and the euro hit a nine-month low on Friday after the Federal Reserve said it was raising the interest rate it charges banks for emergency loans, signalling it was starting to normalise monetary policy. The timing took markets by surprise
Published 20 Feb, 2010 12:00am
Dollar jumps

Dollar jumps

The dollar jumped, pushing the euro to a ninth month low on Thursday after the Federal Reserve said it was raising the interest rate it charges banks for emergency loans, citing improvement in financial market conditions. The Fed said the discount rate wo
Published 20 Feb, 2010 12:00am
Australian dollar flounders

Australian dollar flounders

The Australian dollar stumbled on Friday to pull back from decade highs against the euro, hobbled by speculation US interest rates may rise sooner than expected. The Aussie took an early spill after the Federal Reserve shocked markets by lifting an emerge
Published 20 Feb, 2010 12:00am
Asian currencies: won and rupiah dip

Asian currencies: won and rupiah dip

The South Korean won led Asian currencies lower on Friday as the Federal Reserve's surprise discount rate rise spurred a dollar rally, prompting Indonesia's central bank to defend the currency for the second day. The dollar hit a 8-month high against majo
Published 20 Feb, 2010 12:00am
Swiss franc falls to seven-month low

Swiss franc falls to seven-month low

The Swiss franc dropped to a near 7-month low against the dollar on Friday, with the US unit broadly stronger after the Federal Reserve said it was raising the interest rate it charges banks for emergency loans. The Fed's announcement late on Thursday it
Published 20 Feb, 2010 12:00am
Shahid Afridi, Gul, Sehwag, Taylor and Tendulkar take top honours

Shahid Afridi, Gul, Sehwag, Taylor and Tendulkar take top honours

Virender Sehwag won Test cricket batting prize for second year running in ESPNcricinfo Awards. His audacious 293 against Sri Lanka in Mumbai was chosen over Andrew Strauss's 161 at Lord's in the Ashes and Chris Gayle's unbeaten 165 in Adelaide, by a jury
Published 20 Feb, 2010 12:00am
Smith, Van Zyl stay until World Cup

Smith, Van Zyl stay until World Cup

South African captain Graeme Smith and interim coach Corrie van Zyl were appointed on Friday to lead South Africa until after next year's Cricket World Cup. Cricket South Africa announced after a board meeting that the pair would stay in charge until Apri
Published 20 Feb, 2010 12:00am
Newly-introduced KPT-PFF Cup from February 23

Newly-introduced KPT-PFF Cup from February 23

Pakistan Football Federation (PFF) is launching another football event ie KPT-PFF Cup that will be played at Karachi's KPT - Benazir Sports Complex, West Wharf Road, Kharadar from 23rd February to 7th March. Pakistan Steel Sports Control Board (PSSCB) has
Published 20 Feb, 2010 12:00am
Vonn crashes as Lysacek upsets Plushenko

Vonn crashes as Lysacek upsets Plushenko

Olympic cover girl Lindsey Vonn crashed out of the super combined Thursday to hand victory to Germany's Maria Riesch as Evan Lysacek upset Yevgeny Plushenko to win figure skating gold. Games organisers, meanwhile, came under fresh criticism over the Whist
Published 20 Feb, 2010 12:00am
Asia begins 2011 World Cup countdown

Asia begins 2011 World Cup countdown

The International Cricket Council on Friday marked a year's countdown to the World Cup by promising a successful event in India, Sri Lanka and Bangladesh. The 14-nation showpiece event, held every four years, opens on February 19, 2011 with India taking o
Published 20 Feb, 2010 12:00am
Venus Williams reaches Dubai final

Venus Williams reaches Dubai final

Defending champion Venus Williams ended the run of unseeded Israeli Shahar Peer on Friday to reach the final of the Dubai tennis championship. The third-seeded American won 6-1 6-4 in a match that began as a one-sided canter for Williams but ended as a ba
Published 20 Feb, 2010 12:00am
Woods 'deeply sorry' for selfish behaviour

Woods 'deeply sorry' for selfish behaviour

Tiger Woods told family and friends on Friday he was "deeply sorry" for irresponsible and selfish behaviour as he broke his self-imposed silence on the sex scandal that engulfed him last year. The 14-time major champion said he did not know when he would
Published 20 Feb, 2010 12:00am
PCB not to take action against furious Younis

PCB not to take action against furious Younis

Pakistan Cricket Board (PCB) distanced itself from the incident that took place in a Karachi Champions League in which Younis Khan thrashed a fan on Thursday. PCB announced that the board is not involved in any way in the KCL so it has nothing to do with
Published 20 Feb, 2010 12:00am
Ushna reaches ITF quarters

Ushna reaches ITF quarters

Pakistan's promising youthful tennis player,Ushna Suhail breezed into the quarter finals of ITF international tie defeating Rossy Leonara of Switzerland 6-3, 7-5 at Doha on Friday. According to information made available here, Ushna excelled in all depart
Published 20 Feb, 2010 12:00am
Lahore police smashe 79 criminal gangs

Lahore police smashe 79 criminal gangs

The Lahore Police smashed over 79 criminal gangs, arrested their 260 members and recovered looted property worth Rs 84 million during one and half months of the current year. Around six thousand court absconders and proclaimed offenders have also been nab
Published 20 Feb, 2010 12:00am
Punjab transforming horticulture into export-based sector

Punjab transforming horticulture into export-based sector

The vision of Punjab government is to transform horticulture into a vibrant, market driven and export based sector for which effective policy measures are being introduced to achieve the goal. This was said by Arif Nadeem, Secretary Agriculture Punjab whi
Published 20 Feb, 2010 12:00am
LCCI to prepare shadow budget with help of other trade bodies

LCCI to prepare shadow budget with help of other trade bodies

Over a hundred Conveners and Co-Conveners of the Standing Committees of the Lahore Chamber of Commerce and Industry (LCCI) have agreed that a consensus Nation Economic Agenda 2010-30 was a prerequisite to ensure continuity in economic policies and make th
Published 20 Feb, 2010 12:00am
LHCBA elections today

LHCBA elections today

The Lahore High Court Bar Association (LHCBA) elections 2010-11 will be held on February 20 (today) in which Mian Abdul Qadoos, Khawja Mahmood of Pakistan Muslim League-Nawaz (PML-N) and Khawar Ikram Bhatti are contesting for president slot. As many as 11
Published 20 Feb, 2010 12:00am
QTI strike call fizzled out

QTI strike call fizzled out

Strike call given by Qaumi Tajir Ittehad (QTI) attracted minimal response from the traders community of Lahore against the increasing prices of petrol, gas and diesel as only shutters of three markets Akbari Mandi, Azam Cloth and Brandreth Market were clo
Published 20 Feb, 2010 12:00am
Several killed at demonstration in west Ivory Coast

Several killed at demonstration in west Ivory Coast

Several people were killed Friday in clashes between security forces and demonstrators staging a protest against President Laurent Gbagbo at Gagnoa in western Ivory Coast, hospital sources said. Medical staff said that demonstrators brought three bodies w
Published 20 Feb, 2010 12:00am
Saudi prince in court over London murder

Saudi prince in court over London murder

A Saudi prince was remanded in custody on Friday after appearing in court accused of murdering his employee in a luxury London hotel. Saud Bin Abdulaziz Bin Nasir Bin Abdulaziz Al Saud, 33, is accused of killing Bandar Abdullah Abdulaziz in the third-floo
Published 20 Feb, 2010 12:00am
Concern over Afghan civilians slows Nato advance

Concern over Afghan civilians slows Nato advance

Whenever Afghanistan's Taliban turn up the heat in the battle with US Marines, the troops have to think twice before retaliating or calling in air strikes in order to avoid civilian casualties. That caution is guiding a Nato and Afghan military offensive
Published 20 Feb, 2010 12:00am
Brown coup plotter Purnell to stand down as MP

Brown coup plotter Purnell to stand down as MP

Former cabinet minister James Purnell, who led an attempt to oust Gordon Brown as Prime Minister last year, said on Friday he would stand down as an MP at this year's election. Purnell, 39, said he had decided not to contest the Stalybridge and Hyde seat
Published 20 Feb, 2010 12:00am
Iraq-Turkey railway reopens after seven-year halt

Iraq-Turkey railway reopens after seven-year halt

A railway linking northern Iraq and Turkey has reopened after a seven-year stoppage following the US-led invasion of Iraq, officials said. Baghdad wants to boost economic and political relations with neighbouring countries and increase investment to devel
Published 20 Feb, 2010 12:00am
Black farmers win landmark US settlement

Black farmers win landmark US settlement

The US government reached Thursday a historic 1.25-billion-dollar settlement with black farmers who were discriminated against when they tried to get loans and other assistance. The settlement puts to rest a class-action lawsuit launched in 1997 by thousa
Published 20 Feb, 2010 12:00am
Attack on Google launched from Chinese schools

Attack on Google launched from Chinese schools

Cyberattacks aimed at Google and dozens of other firms have been traced to computers at two Chinese schools, one with ties to the military, The New York Times reported on Thursday. Citing unidentified anonymous sources, the newspaper said trails led to Sh
Published 20 Feb, 2010 12:00am
FATF blacklists eight countries, calls for Iran sanctions

FATF blacklists eight countries, calls for Iran sanctions

A key global anti-corruption body has blacklisted eight countries for alleged money laundering and terrorism financing, and stepped up calls for sanctions against Iran, the US government said Friday. The Financial Action Task Force has "identified eight c
Published 20 Feb, 2010 12:00am
North Korea warns of live-fire drills near South

North Korea warns of live-fire drills near South

North Korea, under pressure to return to disarmament talks, is planning live-fire exercises off near sea borders with the South, a South Korean agency said on Friday, in a move that would raise tension on the troubled peninsula. North Korea is apparently
Published 20 Feb, 2010 12:00am
Niger's capital calm after coup

Niger's capital calm after coup

Markets, banks and schools in Niger's capital opened as usual on Friday, a day after troops ousted President Mamadou Tandja in a military coup, and the only soldiers on the streets were few and lightly armed. The international community unilaterally conde
Published 20 Feb, 2010 12:00am
Fighter jet crashes in eastern India; pilot safe

Fighter jet crashes in eastern India; pilot safe

An Indian Air Force MiG-21 combat jet crashed after take-off in the country's eastern state of West Bengal Friday but the pilot ejected to safety, officials said. "The aircraft crashed late Friday afternoon soon after take-off from the Bagdogra airbase, s
Published 20 Feb, 2010 12:00am
German insurance giant pulls out of Iran

German insurance giant pulls out of Iran

Munich Re, the world's biggest reinsurer, on Friday became the latest German firm to pull out of Iran as pressure grows for new sanctions against the Islamic republic over its nuclear programme. The company said in a brief statement that due to the "polit
Published 20 Feb, 2010 12:00am
Canada's last WWI veteran dies

Canada's last WWI veteran dies

Canada's last veteran of World War I, John Babcock, who enlisted at age 15 but never fought on the frontlines, has died, Canadian authorities announced Friday. He was 109 years old. "The passing of Mr Babcock marks the end of an era," Prime Minister Steph
Published 20 Feb, 2010 12:00am
Police, protesters clash in West Bank

Police, protesters clash in West Bank

Israeli forces on Friday fired teargas at stone-throwing youths during a protest to mark five years of weekly demonstrations against the separation barrier in the West Bank village of Bilin. Palestinian prime minister Salam Fayyad and Geneva Mayor Remy Pa
Published 20 Feb, 2010 12:00am
Dollar Libor up on Fed move

Dollar Libor up on Fed move

Dollar interbank rates edged up on Friday after the Fed raised an emergency lending rate, a move seen as a step towards normalising ultra-loose policy which stoked expectations policy rates could go up this year. The increase in the discount rate, the tim
Published 20 Feb, 2010 12:00am
Sterling slips versus dollar

Sterling slips versus dollar

Sterling fell to a nine-month low against the dollar on Friday after a surprisingly big fall in UK retail sales highlighted weak consumer demand. Already knocked by worse than expected public finances data on Thursday, the pound extended losses on the vie
Published 20 Feb, 2010 12:00am
Indian rupee falls

Indian rupee falls

The Indian rupee fell to its lowest in more than a week on Friday after the dollar climbed following the Federal Reserve's move to raise a lending rate, but still notched gains for the week. The partially convertible rupee ended at 46.30/31 per dollar, af
Published 20 Feb, 2010 12:00am
Dollar hits eight-month high in London trade

Dollar hits eight-month high in London trade

The dollar hit an eight-month high against a currency basket on Friday in the wake of the Federal Reserve's surprise increase in the interest rate it charges banks for emergency loans. The Fed said late on Thursday the discount rate would be increased to
Published 20 Feb, 2010 12:00am
Friday's early trade: New York cotton extends rally

Friday's early trade: New York cotton extends rally

Prices of ICE Futures US cotton and frozen concentrated orange juice futures early on Friday. March cotton up 0.87 cent at 77.84 cents per lb by 10:00 am EST (1500 GMT) despite a stronger dollar weighing on most commodities, including industrial raw mater
Published 20 Feb, 2010 12:00am
Liffe sugar, coffee down; cocoa rises

Liffe sugar, coffee down; cocoa rises

May white sugar ended $0.60 lower at $706.30 a tonne on Friday. Prices rangebound with a lack of offtake from key importers and a stronger dollar keeping a lid on the market. May cocoa on Liffe ended 18 pounds higher at 2,281 pounds a tonne. Market suppor
Published 20 Feb, 2010 12:00am
Copper rallies

Copper rallies

Copper hit a 3 week high on Friday as weaker than forecast US inflation data overshadowed worries that the Federal Reserve's move to raise its discount rate signals future monetary tightening. Benchmark copper for three-month delivery on the London Metal
Published 20 Feb, 2010 12:00am
Oil rises toward $80

Oil rises toward $80

Oil prices rose toward $80 a barrel on Friday as French refinery strikes and tensions about Iran's nuclear program outweighed fears that US monetary tightening could slow demand growth in the world's largest oil consumer. The Federal Reserve on Friday pou
Published 20 Feb, 2010 12:00am
Gold rises in Europe

Gold rises in Europe

Gold firmed in Europe on Friday, having recovered early losses related to a surge in the dollar, as investors bought the metal to hedge against volatility in the foreign exchange markets and sovereign risk in the eurozone. Gold priced in euros hit a recor
Published 20 Feb, 2010 12:00am
US MIDDAY: sugar and coffee lower

US MIDDAY: sugar and coffee lower

Summaries of the ICE Futures US cocoa, coffee and sugar markets early on Friday. May arabica coffee contract fell 0.30 cent to $1.3610 per lb at 11:09 am EST (1609 GMT). Session range from $1.3475 to $1.3690. Arabica coffee inched lower in quiet dealings
Published 20 Feb, 2010 12:00am
US MIDDAY: soya and wheat down; corn up

US MIDDAY: soya and wheat down; corn up

Soybean futures on the Chicago Board of Trade were lower early on Friday, under pressure from a stronger dollar and expectations of large South American soy harvests, traders said. As of 9:35 am CST (1535 GMT), CBOT March soybeans were down 8 cents at $9.
Published 20 Feb, 2010 12:00am
US MIDDAY: copper rises

US MIDDAY: copper rises

US copper futures stretched higher early Friday, extending weekly gains of nearly 8 percent and maintaining support near the $3.30 per lb level, despite a stronger tone in the dollar from a Federal Reserve decision to hike its discount rate. Copper for Ma
Published 20 Feb, 2010 12:00am
US MIDDAY: gold declines

US MIDDAY: gold declines

US gold futures remained under pressure early on Friday as investors sold the bullion for dollars boosted by the Federal Reserve's move to hike the interest rate it charges banks for emergency loans. COMEX April gold down $5.30 at $1,113.40 an ounce at 10
Published 20 Feb, 2010 12:00am
World Day of Social Justice today

World Day of Social Justice today

The United Nations' (UN) World Day of Social Justice will be observed on Saturday (tomorrow) to encourage people to look at how social justice affects poverty eradication. It also focuses on the goal of achieving full employment and support for social int
Published 20 Feb, 2010 12:00am
Training held on 'Flood Mitigation' for district officials

Training held on 'Flood Mitigation' for district officials

A five-day training course on "Flood Mitigation" for the district authorities and community based organisation of flood prone districts was organised by the National Management Authority (NOMA) at the National Institute of Disaster Management (NIDM) from
Published 20 Feb, 2010 12:00am
Mushroom growth of education consultants

Mushroom growth of education consultants

Career choice is a personal, yet a lifelong decision. For a few, decision-making to embark upon the field of their interest, is an easy task; but for many, it's daunting to decide. In this regard, students find the best solution to contact education consu
Published 20 Feb, 2010 12:00am
Spain's 'human rights judge' facing own legal worries

Spain's 'human rights judge' facing own legal worries

When Spain's most famous judge, Baltasar Garzon, decided in 2008 to investigate the crimes of General Francisco Franco's 1939-75 dictatorship, he broke a taboo. Spain had never conducted a legal investigation of the Franco regime, which Garzon holds respo
Published 20 Feb, 2010 12:00am
Redefining institutions' roles, responsibilities under democracy

Redefining institutions' roles, responsibilities under democracy

So there has been another chaos in our polity (judiciary crisis) and another rescue work by the Prime Minister. In this wake of affairs, the step of the PPP co-chairperson to restrain his party workers from staging rallies against PML (N) leader Nawaz Sha
Published 20 Feb, 2010 12:00am
Economic issues require review

Economic issues require review

The form of government determines the choices that beset a country and how to cater to the needs of general masses. The choice of population is excessively important and the events have indicated how these are to be handled. Every individual act involves
Published 20 Feb, 2010 12:00am
National disaster management

National disaster management

An avalanche slamming into a remote village in Kohistan, the most under-developed district in NWFP, has claimed a large number of lives. While lack of telephonic system in the affected area and difficulties in approaching the high altitude hamlet stand in
Published 20 Feb, 2010 12:00am
Increasing socio-economic inequality threatens stability

Increasing socio-economic inequality threatens stability

Dr Shahid Javed Burki, an economist, a former finance minister and president of the Economic History Society, while delivering an inaugural address at a PIDE seminar, identified, in broad outlines four causes of what ails Pakistan today.
Published 20 Feb, 2010 12:00am
55 teams to take action against kite-flyers

55 teams to take action against kite-flyers

The local administration has mobilised 55 raiding teams of police, revenue officers, TMO and other staff to take action against kite-flying during an unannounced Basant in Faisalabad. DCO Saeed Wahla chaired a meeting here on Friday to discuss the issue.
Published 20 Feb, 2010 12:00am
Waiters, cooks of hotels found hepatitis B, C carriers

Waiters, cooks of hotels found hepatitis B, C carriers

The food department has come to know that a large number of food carriers including waiters and cooks were suffering from different contagious diseases like hepatitis B and C, TB and typhoid, in Multan and its adjoining areas. Most of these food carriers
Published 20 Feb, 2010 12:00am
CPSP organises ATLS course

CPSP organises ATLS course

The College of Physicians and Surgeons Pakistan (CPSP) in collaboration with American College of Surgeons organised ATLS Course here Friday. Professor Christopher, Chairman, American College of Surgeons and Professor John Cart Beck, Chairman of Trauma Com
Published 20 Feb, 2010 12:00am
'Area under wheat, maize, rice cultivation shrinking gradually'

'Area under wheat, maize, rice cultivation shrinking gradually'

Former Federal Minister for Foor & Agriculture Al-Haj Sikandar Hayat Bosan has said that there might be shortage of grain in Pakistan as the area under wheat, maize, rice is shrinking gradually. He said that we should endeavour to increase the cultivated
Published 20 Feb, 2010 12:00am
Preservation of 35 important archaeological sites under way

Preservation of 35 important archaeological sites under way

The Ministry of Culture is in process of carrying out preservation and conservation of 35 important archaeological sites and monuments countrywide. The work is being done under 14 development projects through the Department of Archaeology and Museums at a
Published 20 Feb, 2010 12:00am
Interior Ministry not tapping phone calls: Malik

Interior Ministry not tapping phone calls: Malik

Interior Minister Rehman Malik on Friday assured the National Assembly that the ministry was not tapping anybody's phone calls. "I categorically state that the Interior Ministry is not tapping anybody's phone calls," the minister in response to a point of
Published 20 Feb, 2010 12:00am
'Ordinance 27-B to be abolished soon'

'Ordinance 27-B to be abolished soon'

Minister for Labour and Manpower Syed Khursheed Ahmad Shah said that government will redress the grievances of bank employees and especially Ordinance 27-B would soon be abolished which is an arbitrary law. Addressing in a meeting with a seven-member dele
Published 20 Feb, 2010 12:00am
Need to develop tax-paying culture stressed

Need to develop tax-paying culture stressed

Chief Commissioner Inland Revenue Services (IRS), Multan, Mian Munawar Ghafoor has said that only 60,000 out of total 3,00,000 registered tax-payers, while only 1.6 million out of 2.8 million NTN holders pay taxes. He said this while delivering his speech
Published 20 Feb, 2010 12:00am
PPP to foil conspiracies against democracy

PPP to foil conspiracies against democracy

Pakistan People's Party (PPP) leaders said the enemies of the country were conspiring against democracy but the party would foil them. According to a press release issued here on Friday, Ziaullah Bangash, member of the PPP Federal Council, and Muhammad Sa
Published 20 Feb, 2010 12:00am
Indonesian investors to visit Pakistan

Indonesian investors to visit Pakistan

Speaker of Dewan Perwakllan Rakyat (House of representatives) of Indonesia, Marzuke Alie, has expressed the desire to visit Pakistan along with a delegation of investors, says a message received here from Jakarta on Friday. The Indonesian Speaker received
Published 20 Feb, 2010 12:00am
Anti corruption court disposes of case against Malik

Anti corruption court disposes of case against Malik

Special Central Anti Corruption Court Faisalabad/Sargodha Division has disposed of the case against Federal Interior Minister, Rehman Malik, when complainants, witnesses and investigators appeared before the court and requested to dispose of the matter.
Published 20 Feb, 2010 12:00am
Two killed

Two killed

At least two people were killed in two separate incidents across the city onn Friday, police sources said As per detail, a 25-year-old youth namely Zohaib Ali son of Banda Ali shoot himself in a house situated in Bath Island, Clifton. The body of deceased
Published 20 Feb, 2010 12:00am
UoP, PMC sign MoU on promotion of joint research

UoP, PMC sign MoU on promotion of joint research

A Memoran-dum of Understanding (MoU) was signed between the material research laboratories, University of Peshawar (UoP) and Peshawar Medical College (PMC) on collaboration of research and postgraduate education between the two institutions in general and
Published 20 Feb, 2010 12:00am
BISE employees' strike delays exams

BISE employees' strike delays exams

Board of Intermediate and Secondary Education (BISE) Employees on Friday observed token hunger strike as the negotiations between the representatives of Employees Welfare Associations of Education Boards and Punjab Minister for Education Shuja-ur-Rehman f
Published 20 Feb, 2010 12:00am
Clash between two groups: seven students injured in firing at IUB

Clash between two groups: seven students injured in firing at IUB

Seven students got injured as a result of firing between the two opponent groups in Islamia University Bahawalpur (IUB) here on Friday. As per details, the exchange of fire was openly observed between the opponent groups in the hostel area of the IUB. Sev
Published 20 Feb, 2010 12:00am
UVAS to hold 'Dog Show' on February 21

UVAS to hold 'Dog Show' on February 21

An open 'Dog Show' will be held at University of Veterinary and Animal Sciences (UVAS), Lahore ground for selecting the best dog of 'Labrador' kind on Sunday (tomorrow) at 2.30pm. Dr Asim of Pet Center, UVAS said that Carole Coode will be the guest of the
Published 20 Feb, 2010 12:00am
Corruption, people's woes at peak in NWFP, says Hoti

Corruption, people's woes at peak in NWFP, says Hoti

Former federal minister and Chairman National Democratic Front (NDF) MNA Nawabzada Khawaja Mohammad Khan Hoti has alleged that corruption is at its peak in the NWFP province and problems of the people are on rise in the province.
Published 20 Feb, 2010 12:00am
Inefficiency main reason behind PR deficit, poor performance: Bilour

Inefficiency main reason behind PR deficit, poor performance: Bilour

Government's inefficiency in improving infrastructure of Pakistan Railways and purchasing new locomotives along with replacing outdated tracks are the main reasons behind Pakistan Railways' (PR) deficit and poor performance. This was stated by Haji Ghulam
Published 20 Feb, 2010 12:00am
PHSADC to participate in arms exhibitions

PHSADC to participate in arms exhibitions

Pakistan Hunting and Sporting Arms Development Company (PHSADC) will participate in hunting and sporting arms exhibitions in Germany and Ukraine. The Germany exhibition will be held in March 2010 while the exhibition in Ukraine is scheduled for August. Th
Published 20 Feb, 2010 12:00am
Ban on veil 89 percent reject French Parliament decision

Ban on veil 89 percent reject French Parliament decision

In Pakistan, more than 3 out of 4 Pakistanis (89 percent) have opposed the decision of French parliament on prohibiting face covering of Muslim women, while only 2 percent favoured it and 9 percent were unsure, said a Gallup poll result. Recently, coverin
Published 20 Feb, 2010 12:00am
Small farmers: ActionAid to implement food security programme

Small farmers: ActionAid to implement food security programme

ActionAid will implement European Commission funded project on food security to enhance productive capacities and promote sustainable agricultural practices among 8000 small scale farmers in 8 food deficient districts namely Toba Tek Singh, Bahawalnagar,
Published 20 Feb, 2010 12:00am
Foundation stone laying ceremony

Foundation stone laying ceremony

The foundation stone laying ceremony of Customs Cricket Ground will be held in Block 'L' North Nazimabad at Landi Kotal Chowrangi on Saturday at 4pm. Nazim North Nazimabad Town Mumtaz Hameed will be the chief guest at the ceremony.
Published 20 Feb, 2010 12:00am
Issue of renaming NWFP not yet resolved: Bilour

Issue of renaming NWFP not yet resolved: Bilour

The issue of renaming the North-West Frontier Province (NWFP) has not been resolved yet between Pakistan Muslim League-N (PML-N) and Awami National Party (ANP) leaderships. This was stated by Ghulam Ahmad Bilour, Minister for Railways, while talking to me
Published 20 Feb, 2010 12:00am
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