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Jan 16, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2010-05-15
Eurozone crisis to hit emerging Europe: EBRD

Eurozone crisis to hit emerging Europe: EBRD

Fiscal cuts in western Europe prompted by the eurozone deficit crisis will hit demand for exports from central and Eastern Europe and undermine the emerging region's recovery, the EBRD said on Friday. The European Bank for Reconstruction and Development s
Published 15 May, 2010 12:00am
Russia seeks trade shift from crisis-hit Europe

Russia seeks trade shift from crisis-hit Europe

Russia needs to urgently re-route exports from low-growth Europe to other, faster-expanding markets, Economy Minister Elvira Nabiullina said on Friday as Moscow sought to distance itself from the crisis-hit region. The financial woes of eurozone members,
Published 15 May, 2010 12:00am
G7 ministers hold teleconference on Greek crisis

G7 ministers hold teleconference on Greek crisis

Group of Seven finance ministers held a telephone conference Friday on the Greek debt crisis and the plunging euro, Japan's Finance Minister Naoto Kan said. "We heard a report on efforts in Europe to stabilise the euro," Kan told reporters at his ministry
Published 15 May, 2010 12:00am
Berlin denies Sarkozy threatened to quit euro

Berlin denies Sarkozy threatened to quit euro

Germany denied on Friday a Spanish newspaper report that French President Nicolas Sarkozy had threatened to pull his country out of the eurozone during negotiations on Greece's aid package. Spain's El Pais newspaper reported that Sarkozy had slammed his f
Published 15 May, 2010 12:00am
Sarkozy threatened to pull out of euro

Sarkozy threatened to pull out of euro

President Nicolas Sarkozy slammed his fist on the table and threatened to pull France out of the euro at a meeting of European leaders deciding Greece's aid package last Friday, according to Spain's El Pais newspaper. The newspaper cited comments by Spani
Published 15 May, 2010 12:00am
Thai CDS near one-year high as violence flares

Thai CDS near one-year high as violence flares

The cost of insuring Thailand's debt against default jumped on Friday to hover near its highest in a year as violence flared in Bangkok following overnight fighting that killed one person and wounded 11. Thailand's five-year credit default swaps (CDS) ros
Published 15 May, 2010 12:00am
Thai CDS near one-year high as violence flares

Thai CDS near one-year high as violence flares

The cost of insuring Thailand's debt against default jumped on Friday to hover near its highest in a year as violence flared in Bangkok following overnight fighting that killed one person and wounded 11. Thailand's five-year credit default swaps (CDS) ros
Published 15 May, 2010 12:00am
South East Asian stocks: Thai stocks reverse loss

South East Asian stocks: Thai stocks reverse loss

Thai stocks eked out slim gains on Friday as investors bought beaten shares with positive corporate earnings, although political violence continued to dent broader market sentiment. The index earlier fell to its lowest in two weeks as anti-government prot
Published 15 May, 2010 12:00am
Nikkei falls

Nikkei falls

Japan's Nikkei average lost 1.5 percent on Friday, hit by a disappointing profit outlook from Sony Corp but the benchmark came off the day's lows as the yen weakened. Shinsei Bank fell 4.5 percent after it cancelled a planned merger with Aozora Bank and p
Published 15 May, 2010 12:00am
Friday's early afternoon trade: Wall Street drops

Friday's early afternoon trade: Wall Street drops

US stocks fell, with the S&P 500 and Nasdaq off 2 percent or more on Friday on worries that heavy eurozone debt loads could stymie a global recovery, while Visa and MasterCard led the financial sector lower after the US Senate backed limits on card fees.
Published 15 May, 2010 12:00am
US stocks decline

US stocks decline

US stocks fell on Thursday as downbeat comments on the economy from tech company Cisco Systems Inc and retail chain Kohl's Corp cast doubt on the strength of the US recovery. Cisco's warnings about a still weak labour market and Kohl's saying it was uncon
Published 15 May, 2010 12:00am
European CDS widen

European CDS widen

European corporate credit default swap spreads widened on Friday, led by banks, as markets grew more nervous about the eurozone's debt problems and the outcome of US investigations into whether some banks misled clients. By 0923 GMT, the investment-grade
Published 15 May, 2010 12:00am
European CDS widen

European CDS widen

European corporate credit default swap spreads widened on Friday, led by banks, as markets grew more nervous about the eurozone's debt problems and the outcome of US investigations into whether some banks misled clients. By 0923 GMT, the investment-grade
Published 15 May, 2010 12:00am
Treasuries gain

Treasuries gain

US Treasury debt prices gained on Thursday as losses in the euro and struggling stocks enhanced the allure of safe-haven government bonds. Price gains were limited, however, by some minor disappointment over the results of an auction of $16 billion of 30-
Published 15 May, 2010 12:00am
Treasuries gain

Treasuries gain

US Treasury debt prices gained on Thursday as losses in the euro and struggling stocks enhanced the allure of safe-haven government bonds. Price gains were limited, however, by some minor disappointment over the results of an auction of $16 billion of 30-
Published 15 May, 2010 12:00am
Indian shares lower

Indian shares lower

Indian shares posted their first weekly gain in three, but closed 1.6 percent lower on Friday, as world equities dipped on mounting worries that tough new austerity measures in southern Europe will dampen economic growth in the region. Financials led the
Published 15 May, 2010 12:00am
Hong Kong and Shanghai stocks slip

Hong Kong and Shanghai stocks slip

Hong Kong stocks fell 1.36 percent on Friday as investors worried that spending cuts in Europe could stifle the global economic recovery and slash profits for local firms such as fashion retailer Esprit Holdings. Shares in Shanghai also slipped, with the
Published 15 May, 2010 12:00am
European shares down 3.4 percent

European shares down 3.4 percent

European shares closed 3.4 percent lower on Friday, hammered by mounting concerns that tough eurozone austerity measures would slow growth in the region. The pan-European FTSEurofirst 300 index of top shares closed down 3.4 percent at 1,014.25 points, hav
Published 15 May, 2010 12:00am
Seoul shares up

Seoul shares up

Seoul shares ended 0.06 percent higher on Friday lifted by gains in autos and POSCO, but losses in crude refiners weighed. The Korea Composite Stock Price Index (KOSPI) finished up 0.06 percent at 1,695.63 points. Crude refiners led losses, with S-Oil fal
Published 15 May, 2010 12:00am
FTSE down 3.1 percent

FTSE down 3.1 percent

Britain's top shares slid on Friday as investors shunned banks, miners and commodity stocks in favour of safe havens such as the dollar and yen, fearing eurozone debt problems will snuff out economic recovery. The FTSE 100 ended down 170.88 points, or 3.1
Published 15 May, 2010 12:00am
Libor up for first time since Europe deal

Libor up for first time since Europe deal

The rates banks charge each other to borrow euros in the London market over three months rose on Friday for the first time since a European debt rescue package was agreed and the European Central Bank boosted liquidity via bond buying. The Frankfurt-based
Published 15 May, 2010 12:00am
Sterling slips

Sterling slips

Sterling slipped against the dollar on Friday on concerns over potential political tensions and how the new government would tackle Britain's massive debt. Investors were also paring riskier assets on concerns about eurozone debt problems.
Published 15 May, 2010 12:00am
Euro near 14-month low in Asia

Euro near 14-month low in Asia

The euro steadied near 14-month lows against the dollar on Friday on concerns that rigorous fiscal tightening in Europe would dampen an already-weak recovery. The New Zealand dollar was on the defensive after sluggish retail data reaffirmed expectations o
Published 15 May, 2010 12:00am
Euro hits 18-month low versus dollar in London

Euro hits 18-month low versus dollar in London

The euro hit fresh 18-month lows against the dollar on Friday as concerns intensified that fiscal austerity measures in the eurozone would dampen a fragile recovery, prompting a flight from riskier assets. After rising to around $1.31 following last weeke
Published 15 May, 2010 12:00am
Midday trade: Euro sinks to 18-month low

Midday trade: Euro sinks to 18-month low

The euro tumbled to its lowest level in more than 18 months against the US dollar on Friday on heightened fears a sovereign debt crisis in the eurozone will worsen and choke a fragile recovery. The euro accelerated its decline to trade below $1.24 as US s
Published 15 May, 2010 12:00am
Euro weakens in New York

Euro weakens in New York

The euro weakened against the dollar on Thursday and touched a record low against the Swiss franc on fear that harsh fiscal tightening in Europe would dampen an already-weak recovery. While investors were relieved that Spain and Portugal were taking steps
Published 15 May, 2010 12:00am
Australian and New Zealand dollars lower

Australian and New Zealand dollars lower

The New Zealand dollar fell after disappointing retail sales data on Friday, while the Australian dollar faced resistance around its 200-day moving average as demand for riskier currencies and assets was subdued. The Aussie was at $0.8940, having fallen t
Published 15 May, 2010 12:00am
Swiss franc near high versus euro

Swiss franc near high versus euro

The Swiss franc on Friday hovered close to a record high against the euro hit in the previous session as worries about the European debt crisis continued to weigh on the common currency. On Friday, the franc was within a hair's breadth of its all-time hig
Published 15 May, 2010 12:00am
Indian rupee eases

Indian rupee eases

The Indian rupee erased intraday gains to end weaker on Friday, as the euro touched an 18-month low against the dollar and a fall in local share prices raised concerns about the pace of capital inflows this year. The partially convertible rupee ended at 4
Published 15 May, 2010 12:00am
Asian currencies: won and ringgit down on EU fears

Asian currencies: won and ringgit down on EU fears

The South Korean won and Malaysian ringgit fell on Friday on worries fiscal tightening would hurt Europe, but the yuan edged up in offshore markets amid renewed speculation of a shift in China's currency policy. The baht slipped slightly against the dolla
Published 15 May, 2010 12:00am
Dollar/yuan NDF curve flattens

Dollar/yuan NDF curve flattens

Short-term offshore dollar/yuan forwards up to one year were little changed in late trade on Friday, shrugging off a globally strengthening dollar because of lingering speculation in overseas markets about an imminent shift in China's currency policy.
Published 15 May, 2010 12:00am
Fifteen years on, Serena, Venus still at hurricane force

Fifteen years on, Serena, Venus still at hurricane force

Serena and Venus Williams are back on top of the world. More than 15 years after the history-making sisters blew into the women's game with hurricane force, they are still putting their rivals, many of them 10 years younger, to shame. When the new WTA ran
Published 15 May, 2010 12:00am
Stars, bicycles and origami lead 2018/2022 World Cup bids

Stars, bicycles and origami lead 2018/2022 World Cup bids

England star David Beckham, Dutch and Belgian footballing greats on bicycles, and a Japanese bid combining electronics with an origami popout opened the bidding to host the World Cup in 2018 or 2022 on Friday. Australian football chief Frank Lowy kicked o
Published 15 May, 2010 12:00am
Shane Bond announces Retirement

Shane Bond announces Retirement

New Zealand fast bowling star Shane Bond said Friday he was ending a playing career which combined spectacular success with a frustrating succession of injuries. The 34-year-old, who announced his retirement from Test cricket in December after yet another
Published 15 May, 2010 12:00am
Limited Twenty20 and new style tests on cards: Lorgat

Limited Twenty20 and new style tests on cards: Lorgat

ICC chief executive Haroon Lorgat wants to see Twenty20 cricket kept in its place and Test matches become more meaningful as the game's international governing body tries to deal with a crammed calendar. The rise of the hugely popular Twenty20 format has
Published 15 May, 2010 12:00am
Blackwell leads Australia into women's final

Blackwell leads Australia into women's final

Australia captain Alex Blackwell led from the front as her side advanced into the women's World Twenty20 final with a seven-wicket win over India here on Thursday. Blackwell's 61- her maiden fifty at this level - was the centrepiece of Australia's success
Published 15 May, 2010 12:00am
Fans camping out for Champions League final tickets

Fans camping out for Champions League final tickets

Hundreds of Inter Milan fans have been setting up camp since Thursday night to make sure they snap up one of 5,000 Champions Legaue final tickets due to go on sale in Milan on Saturday. Inter play Bayern Munich in the final in Madrid on May 22. Fans have
Published 15 May, 2010 12:00am
Togo's Cup of Nations ban lifted

Togo's Cup of Nations ban lifted

Togo had their four-year ban on competing in the African Nations Cup lifted on Friday by the African Confederation of Football (CAF). "The Executive Committee of the African Confederation of Football in its meeting held in Cairo on Friday, at the request
Published 15 May, 2010 12:00am
Cameron says coalition will defy doubters

Cameron says coalition will defy doubters

Britain's ruling coalition partners have a "common agenda" to rebuild the economy and will not be distracted by critics who say the alliance has no chance of lasting, Prime Minister David Cameron said on Friday. Cameron, who took power this week after 13
Published 15 May, 2010 12:00am
Former UK minister stabbed at his office

Former UK minister stabbed at his office

British lawmaker Stephen Timms, a former treasury minister in the previous Labour government, has been stabbed at his constituency office in east London, a party spokesman and police said on Friday. Timms, 54, was taken to a local hospital but his injurie
Published 15 May, 2010 12:00am
Four African countries sign new Nile treaty

Four African countries sign new Nile treaty

Four African countries on Friday signed a new treaty on the equitable sharing of the Nile waters despite strong opposition from Egypt and Sudan who have the lion's share of the river waters. Rwanda, Ethiopia, Uganda and Tanzania signed the new framework w
Published 15 May, 2010 12:00am
US forced American Muslim into 'exile': rights group

US forced American Muslim into 'exile': rights group

A Muslim civil rights group on Friday accused the US government of forcing an American citizen into "exile" because he was an Islamic convert. The Washington-based Council on American-Islamic Relations (CAIR) said Raymond Earl Knaeble IV, 29, had been pla
Published 15 May, 2010 12:00am
Greek and Turkish Prime Ministers meet, discuss defence cuts

Greek and Turkish Prime Ministers meet, discuss defence cuts

Long-time rivals Greece and Turkey discussed easing tensions and cutting heavy defence budgets on Friday, seeking to distil some virtue from a Greek debt crisis shaking the euro. Turkish Prime Minister Tayyip Erdogan arrived in Athens with 10 ministers an
Published 15 May, 2010 12:00am
Obama slams oil companies for spill blame game

Obama slams oil companies for spill blame game

US President Barack Obama on Friday slammed the companies involved in a massive oil spill in the Gulf of Mexico for a "ridiculous spectacle" of publicly trading blame over the accident. In comments after a meeting with his Cabinet to discuss efforts to st
Published 15 May, 2010 12:00am
Iraq double bomb attack kills 25 at football match

Iraq double bomb attack kills 25 at football match

A double bomb attack at a football match in northern Iraq, which was unprotected by security forces, killed 25 people on Friday in the second incident this week to cause mass casualties. The explosion, which also left dozens wounded, occurred at around 6:
Published 15 May, 2010 12:00am
No fraud in Baghdad recount: commission

No fraud in Baghdad recount: commission

A recount of votes in Baghdad yielded no evidence of fraud, Iraq's election commission said on Friday, more than two months after March elections from which no new government has yet emerged. Results from the 12-day process were still to be entered into t
Published 15 May, 2010 12:00am
Obama wants $80 billion to upgrade nuclear arms complex

Obama wants $80 billion to upgrade nuclear arms complex

US President Barack Obama sent a landmark arms-reduction treaty with Russia to the Senate on Thursday for ratification and called for $80 billion in nuclear funding, which could help win opposition support. Defence Secretary Robert Gates said the funds, w
Published 15 May, 2010 12:00am
Thai troops battle protesters as crisis deepens

Thai troops battle protesters as crisis deepens

Thai troops opened fire on rioting anti-government demonstrators on Friday in an attempt to throw a security cordon around their protest site, turning Bangkok's commercial district into a bloody battlefield. Troops fired tear gas, rubber bullets and live
Published 15 May, 2010 12:00am
Spanish judge who indicted Osama bin Laden suspended

Spanish judge who indicted Osama bin Laden suspended

The crusading Spanish judge who indicted Augusto Pinochet and Osama bin Laden was suspended Friday for allegedly overstepping his jurisdiction in a probe of one of Spain's biggest cases about atrocities committed during and after the nation's ruinous civi
Published 15 May, 2010 12:00am
Kyrgyz government claims control in restive south

Kyrgyz government claims control in restive south

Kyrgyz authorities said they regained control across the volatile south on Friday after at least two people died in violent clashes with supporters of the ousted president. Officials and witnesses said interim government forces took back the administratio
Published 15 May, 2010 12:00am
Indonesian militants planned Sharia coup, assassinations

Indonesian militants planned Sharia coup, assassinations

Indonesian militants captured in recent police raids were planning a series of attacks including a Mumbai-style hotel siege targeting foreigners and an assault on the president at an independence day ceremony, police said on Friday.
Published 15 May, 2010 12:00am
New York cotton futures smidgen lower

New York cotton futures smidgen lower

Cotton futures closed with small losses Friday on investor sales although trade and mill buying kept the market supported despite the beating taken by the wider commodity sector, analysts said. The key July cotton contract slipped 0.04 cent to end at 80.7
Published 15 May, 2010 12:00am
Malaysian palm oil futures slip

Malaysian palm oil futures slip

Malaysian palm oil futures fell to the lowest close in more than three months on Friday as concerns over the outlook for Europe's economies rattled the market despite a weaker ringgit, traders said. The benchmark July crude palm oil futures on Bursa Malay
Published 15 May, 2010 12:00am
Soft commodities slip in London

Soft commodities slip in London

Soft commodities extended losses on Friday, with ICE raw sugar futures falling over 5 percent, as commodities took their cue from external factors including the euro and stock markets. "It's all to do with the usual risk aversion; the euro is still gettin
Published 15 May, 2010 12:00am
US cocoa at four-week low, sugar and coffee up

US cocoa at four-week low, sugar and coffee up

US cocoa futures closed down 2 percent at a four-week low Thursday, while raw sugar was little changed and arabica coffee inched higher in thin dealings. July coffee rose 0.25 cent to finish at $1.3710 per lb. ICE certified arabica stocks fell to 2,380,31
Published 15 May, 2010 12:00am
US rice fall

US rice fall

US rice futures fell for the first time in three trading sessions on Thursday as global supplies remained plentiful, despite some crop problems around the world, traders said. A rally in the dollar hurt the competitiveness of US rice on the export market
Published 15 May, 2010 12:00am
US soyabeans tumble

US soyabeans tumble

Soyabean futures fell at the Chicago Board of Trade on Thursday on spillover weakness from declines in the corn and wheat markets, traders said. Falling crude oil prices also weighed on the soya complex for much of the trading day. CBOT July soyabeans end
Published 15 May, 2010 12:00am
Tokyo rubber futures dip

Tokyo rubber futures dip

Key Tokyo rubber futures dropped nearly 3 percent on Friday, pressured by a firmer yen and falls in oil prices, erasing much of the previous day's gains. The benchmark rubber contract on the Tokyo Commodity Exchange for October delivery fell 7.2 yen or 2.
Published 15 May, 2010 12:00am
US copper gains

US copper gains

US copper futures closed up on Thursday, extending a recovery from last week's collapse to multi-month lows as investors digested news of new austerity measures in Portugal and Spain, while weighing the effect on Western world demand. Copper for July deli
Published 15 May, 2010 12:00am
Shanghai copper falls

Shanghai copper falls

Metals prices fell on Friday with copper paring about half of the previous session's rally as investors continued to fret about the economic health of the eurozone and China's growth profile. Three-month copper on the London Metal Exchange fell $70 to $7,
Published 15 May, 2010 12:00am
Base metals decline

Base metals decline

Industrial metals fell on Friday, dragged down by sovereign debt worries and a firm dollar, while concerns of possible fiscal tightening by number one metals consumer China added to negative sentiment. Benchmark copper for three-month delivery on the Lond
Published 15 May, 2010 12:00am
Oil crude oil falls over three percent

Oil crude oil falls over three percent

US crude oil fell more than 3 percent to a three-month low below $72 a barrel on Friday, on concerns the European debt crisis could curb energy demand growth with US crude inventories already swollen. The euro lost more ground to trade below $1.24 as Euro
Published 15 May, 2010 12:00am
US gold lower

US gold lower

US gold futures ended 1 percent lower on Thursday as investors locked up profits after the metal hit record highs the past two days, but strong investment demand is expected to support prices, traders said. COMEX June gold settles down $13.90, or 1.1 perc
Published 15 May, 2010 12:00am
Gold higher in Asia

Gold higher in Asia

Gold edged up on Friday as investors turned their backs on the euro on worries that belt-tightening in Europe will slow growth, but the metal lacked fresh momentum to surpass a recent record high. Gold was at $1,233.90 an ounce by 0545 GMT, up $2.07 from
Published 15 May, 2010 12:00am
Gold slides in Europe

Gold slides in Europe

Gold fell from record highs on Friday to a session low at $1,219.05 an ounce as the metal was caught up in selling of other assets such as stocks and commodities after failing to break through the $1,250 level. Spot gold fell as much as 2.4 percent from i
Published 15 May, 2010 12:00am
US MIDDAY: cocoa at one-month low

US MIDDAY: cocoa at one-month low

US cocoa futures dropped to a one-month low early Friday, while raw sugar also dropped and arabica coffee inched upward in sideways dealings. Arabica coffee futures inched up in sideways dealings as the market lacked firm direction ahead of the main Brazi
Published 15 May, 2010 12:00am
US MIDDAY: soyabeans, corn and wheat fall

US MIDDAY: soyabeans, corn and wheat fall

Soyabeans, corn and wheat futures fell in early trading at the Chicago Board of Trade on Friday as a firm dollar weakened demand for US commodities, traders said. At 9:33 am CDT (1433 GMT), July soyabeans were down 8 cents at $9.56-1/2 a bushel, July corn
Published 15 May, 2010 12:00am
US MIDDAY: copper sinks

US MIDDAY: copper sinks

US copper futures fell over 2 percent early Friday as sentiment soured amid speculation new austerity measures in Europe will slow economic growth and potential fiscal tightening in China will place further strain on demand. Copper for July delivery off 6
Published 15 May, 2010 12:00am
US MIDDAY: gold turns lower

US MIDDAY: gold turns lower

US gold futures turned lower on Friday, after rising to record highs earlier in the session, weighed down by options-related selling and investors' need for cash due to an equity markets sell-off. COMEX June gold down $1.90 at $1,227.30 an ounce. Ranged f
Published 15 May, 2010 12:00am
Call to postpone VAT: KCCI proposes gradual introduction

Call to postpone VAT: KCCI proposes gradual introduction

Karachi Chamber of Commerce and Industry (KCCI) has suggested that the proposed Value Added Tax (VAT) Act should be postponed till the GST, which is already in place, gained the confidence of the taxpayers by removing all the lacunas and irritants being f
Published 15 May, 2010 12:00am
UHS BDS exam results announced

UHS BDS exam results announced

University of Health Sciences (UHS) has announced the result of First Professional BDS supplementary examination. A total of 127 candidates from 9 affiliated dental colleges appeared in the exam, out of which 95 passed and 24 failed. The pass percentage r
Published 15 May, 2010 12:00am
By-polls on tow National, one Punjab assemblies' seats today

By-polls on tow National, one Punjab assemblies' seats today

The bye-elections on two National Assembly (NA-178 Muzaffargarh and NA-167 Vehari) and one Punjab Assembly (PP-259-Faisalabad) seats are being held in Punjab on Saturday (today) for which all necessary arrangements have been finalised.
Published 15 May, 2010 12:00am
In front of Nawaz residence: man dies after committing self-immolation

In front of Nawaz residence: man dies after committing self-immolation

A man, committed self-immolation in front of Nawaz Sharif residence on Friday morning in Lahore, succumbed to injuries by the evening while leaving Pakistan Muslim League Nawaz (PML-N) Chief distress in London for not meeting the hopes of another hapless
Published 15 May, 2010 12:00am
TI Pakistan and Railways seem engaged in battle of endurance

TI Pakistan and Railways seem engaged in battle of endurance

Transparency International Pakistan and Pakistan Railways (PR), it appears, are engaged in a battle of endurance over the purchase of 150 locomotives, which may result in a loss of Rs 40 billion to the exchequer.
Published 15 May, 2010 12:00am
PAEC seeks Rs 29 billion for three Chashma reactors

PAEC seeks Rs 29 billion for three Chashma reactors

The Pakistan Atomic Energy Commission (PAEC) has requested for Rs 29 billion in the upcoming budget for three nuclear power reactors--Chashma-2-3 and 4--to be set up with Chinese assistance, Business Recorder has learnt.
Published 15 May, 2010 12:00am
Installation of cameras on streets

Installation of cameras on streets

We all know that most of the crimes occurred in the darkness and criminals used to wipe out the traces of their crimes. Nobody can give guarantee that the teenagers of their family do not indulge in street crimes, especially mobile phone snatching. The re
Published 15 May, 2010 12:00am
Victims of Afghan wars demand justice before peace

Victims of Afghan wars demand justice before peace

Sayed Ali Attayii lost four uncles during more than 30 years of war in Afghanistan, two under the communist regime of the 1980s and two at the hands of the Taliban. The 30-year-old says no one has ever been brought to justice for their deaths, something h
Published 15 May, 2010 12:00am
VAT: One step forward and two steps back? - II

VAT: One step forward and two steps back? - II

The Chairman, Revenue Advisory Council, Dr Hafeez Pasha, has highlighted the importance of an integrated VAT at the level of provinces. He emphasised that there would be a major breakdown in the national integration of the VAT plan in case the Sindh gover
Published 15 May, 2010 12:00am
Marketing agriculture research?

Marketing agriculture research?

There is no reason why the research products that Pakistan has should not be marketed and should not supplement research efforts. To do so would require some shift in personal policies. The tendency so far in the government is to accept whatever is being
Published 15 May, 2010 12:00am
Increase in prices

Increase in prices

Government seems to have failed to check the rising inflation in the country. Average CPI inflation which was targeted at 9.0 percent during the beginning of the year is likely to exceed by a considerable margin to reach around 12 percent for 2009-10. Acc
Published 15 May, 2010 12:00am
Strengthening parliament the Gilani way

Strengthening parliament the Gilani way

Accepted, Prime Minister Gilani hasn't many passionate takers of his style of politics. Many point the finger at the frequent U-turns he makes, or is 'asked' to make; much cited, and spectacular, being his disowning his much-publicised recent promise to u
Published 15 May, 2010 12:00am
APPMA demands lifting of ban on paper, paperboard

APPMA demands lifting of ban on paper, paperboard

President All Pakistan Paper Merchants Association (APPMA) North Zone, Ali Asif Bukhari has said that government imposed duty on import of paper and paper products on February 3rd 2009 with the SRO 105 as a result of which, the prices of paper increased.
Published 15 May, 2010 12:00am
PDI starts training on boat repairing

PDI starts training on boat repairing

Participatory Development Initiatives (PDI) has started one month training camps on "Boat Repairing" at Kharo Chan District Thatta to impart the boat repairing training to poor fishermen of Mal and Kanher Creeks of Taluka Kharo Chan Thatta district Sindh.
Published 15 May, 2010 12:00am
VAT Forum to stage protest rallies

VAT Forum to stage protest rallies

Value Added Textile (VAT) Forum have announced to stage protest rallies and demonstrations on every Tuesday and Wednesday to stress their demand for imposition of Regulatory Duty of 30 percent on export of cotton yarn from the country. In a meeting of the
Published 15 May, 2010 12:00am
Cotton growers, ginners oppose 15 percent regulatory duty on yarn export

Cotton growers, ginners oppose 15 percent regulatory duty on yarn export

Cotton growers and ginners have joined All Pakistan Textile Mills Association (Aptma) in protest against the imposition of 15 percent Regulatory Duty on export of yarn. In a press conference held at the Aptma Punjab office, both the Farmers Associate of P
Published 15 May, 2010 12:00am
LPG price increases by Rs 5

LPG price increases by Rs 5

Marketing companies have increased price of liquefied petroleum gas (LPG) by Rs 5 to 65 per kilogram in Karachi and interior of Sindh after a month of depressed market, effective from May 14, 2010. This was stated by the chairman of FPCCI Standing Committ
Published 15 May, 2010 12:00am
Balochistan faced loadshedding due to sabotage activities

Balochistan faced loadshedding due to sabotage activities

Balochistan suffered severe loadshedding in recent days due to increased sabotage activities in last few months. In last two years the QESCO and NTDC had suffered colossal losses due to the destruction of transmission lines in various parts of Balochistan
Published 15 May, 2010 12:00am
Call to impose 30 percent regulatory duty on yarn export for six months

Call to impose 30 percent regulatory duty on yarn export for six months

Bilal Mulla, a former chairman of Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA), has urged the government to impose 30 percent regulatory duty (RD) on export of yarn for six months, till the next crop comes into the market.
Published 15 May, 2010 12:00am
Two gunned down in Mastung

Two gunned down in Mastung

Unknown armed men gunned down two persons here near the office of the Deputy Commissioner, due to unknown causes on Friday. According to the local police and hospital sources, the victims identified as Takkari Samad Lehri and a government employee Babu Ha
Published 15 May, 2010 12:00am
Mustafa appointed as wi-tribe Pakistan's CEO

Mustafa appointed as wi-tribe Pakistan's CEO

Mustafa Peracha has been appointed as the new Chief Executive Officer of wi-tribe Pakistan, the most reliable wireless broadband internet service in Pakistan. Effective May 1, 2010 Mustafa will be responsible for overseeing wi-tribe Pakistan's overall bus
Published 15 May, 2010 12:00am
8pm set as closing time for shops in Hyderabad

8pm set as closing time for shops in Hyderabad

The Secretary to Government of Sindh, Labour Department, while exercising powers conferred under section 7 of West Pakistan Shops & Establishments Ordinance 1969, has announced 08.00pm as closing hour for shops and establishments covered under the said or
Published 15 May, 2010 12:00am
Peshawar: DCA polls on May 25

Peshawar: DCA polls on May 25

The elections of District Cricket Association (DCA) Peshawar will be held on May 25 at Gaddafi Stadium Lahore. Abdul Sami Khan will act as Election Commissioner while Kashif Zahid Manager Domestic Linkages PCB will be the Co-ordinator.
Published 15 May, 2010 12:00am
Petition filed against PCB

Petition filed against PCB

Muhammad Shan Gull Law Associates has filed a petition before Lahore High Court (LHC) against Pakistan Cricket Board (PCB) for terminating its services as legal advisor of the board. Muhammad Aftab Gull, head of the law firm, submitted that the PCB hired
Published 15 May, 2010 12:00am
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