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Nov 16, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2010-08-13
Malaysian state launches Islamic currency

Malaysian state launches Islamic currency

A Malaysian state on Thursday launched the Islamic dinar and dirham as an alternative currency, allowing the golden and silver coins to be used as legal tender alongside conventional banknotes. Authorities in northern Kelantan state, which is ruled by the
Published 13 Aug, 2010 12:00am
Asian football adopting business mentality

Asian football adopting business mentality

AFC president Mohamed bin Hammam has vowed to keep pushing Asian football into a new era of professionalism and is confident a business mentally is slowly being adopted. The Qatari is working to make regional clubs commercially viable to ensure the future
Published 13 Aug, 2010 12:00am
Pakistan to play Ghana in Youth Olympic Games opener

Pakistan to play Ghana in Youth Olympic Games opener

Pakistan boys hockey team will face Ghana in the opening match of First Youth Olympic Games on August 17 at Seng Kang Hockey Stadium Singapore. The games will be held from August 14-26. Twelve hockey teams from around the world are participating in the ev
Published 13 Aug, 2010 12:00am
Afridi launches campaign for Pakistan flood victims

Afridi launches campaign for Pakistan flood victims

Pakistan cricket star Shahid Afridi on Thursday launched a campaign to help assist millions afflicted by devastating floods in his country's worst-ever humanitarian disaster. The 30-year-old all-rounder visited Nowshehra, one of the hardest-hit parts of t
Published 13 Aug, 2010 12:00am
KCCA accuses PCB of 'unfair selection'

KCCA accuses PCB of 'unfair selection'

Cricket officials in Karachi Thursday criticised the selections of Pakistan's team currently on tour in England, calling it an injustice to players from the country's largest city. "A number of talented cricketers from Karachi have been neglected," Khalil
Published 13 Aug, 2010 12:00am
PFF calls Manager meet on August 17

PFF calls Manager meet on August 17

Pakistan Football Federation (PFF) has called Team Managers of the 16 A-Division football teams that will show their muscles in Pakistan Premier Football League (PPFL) 2010 slated to commence after Eid ul Fitr. The managers meeting will be held at Lahore'
Published 13 Aug, 2010 12:00am
British Prime Minister pays tribute to 'incredible' Beckham

British Prime Minister pays tribute to 'incredible' Beckham

British Prime Minister David Cameron described David Beckham as an "incredible role model in sport" on Thursday after England coach Fabio Capello signalled the end of the player's international career. "I'd just like to take the opportunity to pay tribute
Published 13 Aug, 2010 12:00am
Pakistan and England plan cricket match for flood relief

Pakistan and England plan cricket match for flood relief

Pakistani and English cricket chiefs are working on a plan for an exhibition match to raise funds for the millions of people hit by Pakistan's devastating floods, a statement said Thursday. The severe floods in the country's north-west and south have affe
Published 13 Aug, 2010 12:00am
England, Argentina on top, Spain grab late lifeline

England, Argentina on top, Spain grab late lifeline

Embattled England and Argentina put their World Cup traumas behind them with desperately-needed wins on Wednesday, while world champions Spain needed a last-minute goal to draw in Mexico. England, playing for the first time since their 4-1 defeat to Germa
Published 13 Aug, 2010 12:00am
US congressional election fails to stir voters

US congressional election fails to stir voters

Democratic control of Congress and the fate of President Barack Obama's agenda are on the line in US congressional elections this November, but some voters do not seem thrilled with their choices. Discontent with Obama and his fellow Democrats in Congress
Published 13 Aug, 2010 12:00am
19 dead in Nigerian building collapse

19 dead in Nigerian building collapse

Nineteen bodies have been recovered and 12 people rescued from the debris of a building that collapsed in the Nigerian capital Abuja, the police said Thursday. "Nineteen dead bodies have so far been recovered while 12 others were rescued alive. Rescue ope
Published 13 Aug, 2010 12:00am
Mumbai's Taj hotel reopens on Sunday

Mumbai's Taj hotel reopens on Sunday

Holding balloons and flowers, employees pledged on Thursday to re-dedicate themselves to Mumbai's Taj Mahal hotel when it reopens at the weekend after the 2008 militant attacks in which guests and staff members died. The hotel, which suffered extensive da
Published 13 Aug, 2010 12:00am
Iran woman facing stoning death appears on state TV

Iran woman facing stoning death appears on state TV

An Iranian woman whose sentencing to death by stoning has sparked international outrage has apparently confessed to adultery and talked about her husband's killing in a state television interview. In the interview, aired on Wednesday night, Sakineh Mohamm
Published 13 Aug, 2010 12:00am
20 insurgents killed in Afghanistan

20 insurgents killed in Afghanistan

At least 20 insurgents were killed in Afghanistan's south-east in an operation against the Haqqani network, whose leader Washington wants designated a terrorist, the Nato-led alliance said on Thursday. Air strikes were called in after Afghan and Internati
Published 13 Aug, 2010 12:00am
UK rebukes Iran for calling Britons stupid

UK rebukes Iran for calling Britons stupid

Britain's ambassador to Iran has issued a rare rebuke to an attack from an Iranian official, sharply criticising the country's vice president after he called British people idiots. The Foreign Office in London said Thursday that ambassador Simon Gass had
Published 13 Aug, 2010 12:00am
Chinese military warns US over fresh military drill in region

Chinese military warns US over fresh military drill in region

China's People Liberation Army demanded a tough response to US plans to send an aircraft carrier to naval exercises near its coast, saying that "respect" was at stake. A commentary in the Liberation Army Daily on Thursday laid bare rancour over Washington
Published 13 Aug, 2010 12:00am
Bangladesh schools shut for Ramazan to save power

Bangladesh schools shut for Ramazan to save power

Bangladesh has ordered all schools and colleges to close for the Muslim holy month of Ramazan to save electricity and ease traffic congestion, the education ministry said Thursday. Schools normally remain open in Muslim-majority Bangladesh during Ramazan,
Published 13 Aug, 2010 12:00am
US Congress approves border bill

US Congress approves border bill

The US Congress on Thursday passed legislation to strengthen security along the border with Mexico, trying to tackle the politically sensitive issue of illegal immigrants ahead of November congressional elections. Final legislative action came as the Sena
Published 13 Aug, 2010 12:00am
Russia steps up fire battle

Russia steps up fire battle

Russia on Thursday stepped up efforts to halt wildfires near its main nuclear research site, as President Dmitry Medvedev said a quarter of crops had been lost in a record heatwave. Fears were also raised that that fires could stir up radioactive particle
Published 13 Aug, 2010 12:00am
Al Qaeda cook gets 14 years

Al Qaeda cook gets 14 years

A US military jury at Guantanamo Bay sentenced an al Qaeda cook to 14 years in prison on Wednesday, the Miami Herald reported. Ibrahim Ahmed Mahmoud al Qosi, a 50-year-old Sudanese man, pleaded guilty last month to conspiracy and supporting al Qaeda in th
Published 13 Aug, 2010 12:00am
Floods kill 53 in Yemen

Floods kill 53 in Yemen

Yemen's government says heavy rains and flooding across the country have caused the deaths of 53 people since the beginning of July. The Ministry of Interior says the latest flooding in the Red Sea port of Hodeidah, 140 miles (220 kilometres) west of the
Published 13 Aug, 2010 12:00am
58 die as DR Congo lorry falls into Lake

58 die as DR Congo lorry falls into Lake

At least 58 people were killed when a lorry plunged into Lake Tanganyika in the east of the Democratic Republic of Congo, a local non-governmental organisation said Thursday. The truck, which was on its way from Uvira to Baraka, lakeside towns in the Sud-
Published 13 Aug, 2010 12:00am
Turkey sets up its own inquiry into Israeli raid

Turkey sets up its own inquiry into Israeli raid

Turkey has set up a commission to carry out its own investigation into Israel's raid on Gaza-bound aid ships which left nine Turks dead, the foreign ministry said Thursday. The commission, which will work under the prime minister's office, will "investiga
Published 13 Aug, 2010 12:00am
New York cotton at 3-1/2 month high

New York cotton at 3-1/2 month high

Cotton futures finished near a 3-1/2 month high on Thursday on broad-based buying sparked by a bullish report from the US Agriculture Department, brokers said. ICE Futures US benchmark December cotton contract rose 2.65 cents to close at 83.55 cents per l
Published 13 Aug, 2010 12:00am
US copper at two-week low

US copper at two-week low

US copper futures ended down at a two-week low on Wednesday as risk aversion gathered pace after another disappointing report revived concerns about the health of the US economy. Copper for September delivery fell 5.85 cents, or 1.8 percent, to settle at
Published 13 Aug, 2010 12:00am
Shanghai copper and zinc slip

Shanghai copper and zinc slip

Copper touched two-week lows on Thursday as a murky outlook for the global economy fuelled selling and dragged down equities, but losses were capped by hopes demand from top market China will remain healthy. Shanghai's benchmark third-month copper slipped
Published 13 Aug, 2010 12:00am
Copper springs back

Copper springs back

Copper rose on Thursday, bouncing from a two-week low as the dollar pared gains, but sentiment remained weak as poor US jobs data underlined concerns about the pace of growth in the world's largest economy. Benchmark copper on the London Metal Exchange to
Published 13 Aug, 2010 12:00am
Tokyo rubber futures slip

Tokyo rubber futures slip

The most active contract on Tokyo rubber futures ended slightly lower on Thursday, but was off its lowest in a week as bargain hunters resurfaced after the US dollar rebounded against the yen. The benchmark rubber contract on the Tokyo Commodity Exchange
Published 13 Aug, 2010 12:00am
Malaysian palm oil barely moved

Malaysian palm oil barely moved

Malaysian crude palm oil futures barely moved on Thursday as traders awaited a key US report on world grains demand and supply that has recently driven vegetable oil markets. But some investors were concerned that the palm oil market may come under some p
Published 13 Aug, 2010 12:00am
New York cocoa and sugar settle lower

New York cocoa and sugar settle lower

US cocoa closed at a 2-1/2 month low on Wednesday, while raw sugar closed the day lower in thin dealings and arabica coffee was firm. The October raw sugar contract dropped 0.30 cent, or 1.62 percent, to close at 18.26 cents per lb. Trading from 18.18 to
Published 13 Aug, 2010 12:00am
US soyabeans mixed

US soyabeans mixed

US soyabean futures closed mixed on Wednesday with thinly traded August up as expiration nears on Friday and the posting of no deliveries combined with active exports of US soya, including additional sales to China. Positioning ahead of Thursday's USDA Au
Published 13 Aug, 2010 12:00am
Liffe sugar rises

Liffe sugar rises

Liffe October white sugar futures ended $17.00 higher at $549.60 per tonne on Thursday. Market supported by concern over damage to Pakistan's crop from flooding. Liffe December cocoa ended 21 pounds higher at 2,050 pounds a tonne. Market supported partly
Published 13 Aug, 2010 12:00am
Oil dives three percent

Oil dives three percent

Oil slid 3 percent on Thursday, making its steepest three-day decline since mid-May after an unexpected rise in US jobless claims further stoked fears that a hoped-for economic recovery was unravelling. Prices vacillated with equity markets through much o
Published 13 Aug, 2010 12:00am
US gold slightly up

US gold slightly up

US gold futures ended slightly higher on Wednesday, erasing initial gains as equity market losses deepened, and as the dollar soared against major currencies on sharply lower risk appetite. COMEX December gold futures settled up $1.20 at $1,199.20 an ounc
Published 13 Aug, 2010 12:00am
Gold bounces, platinum down in Asian trade

Gold bounces, platinum down in Asian trade

Gold bounced on Thursday on bargain hunting after a drop the previous day, but a firmer dollar was likely to cap gains, while falling stock markets could prompt investors to sell bullion to cover losses. Weaker equities and worries about the health of the
Published 13 Aug, 2010 12:00am
Gold nears four-week high in European trade

Gold nears four-week high in European trade

Gold was set for its biggest one-day rally in two months on Thursday as a fresh set of weak economic data further eroded confidence in the global economy, prompting a surge of interest in perceived safe-haven assets. Wall Street stocks came under pressure
Published 13 Aug, 2010 12:00am
US MIDDAY: sugar jumps

US MIDDAY: sugar jumps

ICE raw sugar prices jumped early on Thursday, buoyed by concern over damage to Pakistan's crop from flooding, while arabicas firmed with activity centred on the nearby spread and ICE cocoa traded above three-month lows. ICE October raw sugar futures were
Published 13 Aug, 2010 12:00am
US MIDDAY: wheat, soya and corn climb

US MIDDAY: wheat, soya and corn climb

US wheat futures rallied early on Thursday following the release of USDA's August crop reports that showed a sharp cut in world wheat production for 2010/11 amid the drought in Russia and on a big number for wheat in USDA's weekly export sales report. USD
Published 13 Aug, 2010 12:00am
US MIDDAY: copper gains

US MIDDAY: copper gains

US copper futures bounced from two-week lows to end higher on Thursday, with chart-based support in the lower $3.20's helping to offset the negative impact of another disappointing labour market report. Copper for September delivery rose 3.00 cents, or 0.
Published 13 Aug, 2010 12:00am
US MIDDAY: gold rallies

US MIDDAY: gold rallies

Gold prices were on track to their biggest one-day rally in more than two months early on Thursday as disappointing US economic data further eroded investor confidence, prompting a surge of interest in perceived safe-haven assets. Gold prices hit a four-w
Published 13 Aug, 2010 12:00am
Bringing targeted killings to an end

Bringing targeted killings to an end

In a deadly spate of targeted killings in the 'city of lights' recently, more than 80 people lost their lives. The city, industrial hub of the country, home to millions of people from all over the country and lifeline of economy, was left at the mercy of
Published 13 Aug, 2010 12:00am
Seeking mercy of Allah

Seeking mercy of Allah

The month, full of blessings and mercy of the Almighty, has once again been bestowed upon us. We've once more been given the opportunity to correct ourselves, shun wrong practices and make a fresh start. In this regard, why should not we begin with develo
Published 13 Aug, 2010 12:00am
Divisions grow over New York's Ground Zero mosque

Divisions grow over New York's Ground Zero mosque

Since a private group last week won the right to tear down a New York building just two blocks from the destroyed World Trade Center with the intention of building a mosque, the project has deeply divided Americans and politicians.
Published 13 Aug, 2010 12:00am
Human resource: A brand in retrospect and modern trends

Human resource: A brand in retrospect and modern trends

Brand development is an important issue. Every enlightened enterprise struggles to develop its brand to ensure rising image and market acceptability of its products/services. Efforts put into in this direction is enabling several countries to have better
Published 13 Aug, 2010 12:00am
64th Independence Day: Still in search of right path?

64th Independence Day: Still in search of right path?

On the 64th Independence Day, the nation is aggrieved - devastation brought by floods and ill effects of bad governance have crippled the entire country. It is sad that after 63 years of independence, the rulers are still debating fundamental issues - sus
Published 13 Aug, 2010 12:00am
Unending saga of fake degrees

Unending saga of fake degrees

The Higher Education Commission handed over to the Election Commission, on Thursday last week what was the first official list of national and provincial assemblies' members whose degrees have been found to be either fake or invalid. The list contains 47
Published 13 Aug, 2010 12:00am
China's mudslide disaster

China's mudslide disaster

As floods ravage Pakistan, just across the Himalayas in China, mudslides are wreaking havoc. Over the weekend, the town of Zhouqu, in the remote Gansu province, was literally buried under a massive avalanche of mud and rocks, triggered by heavy rains in t
Published 13 Aug, 2010 12:00am
The blame-game neither useful, nor desirable

The blame-game neither useful, nor desirable

As if it was not bad enough that flooding continues to devastate the country with horrifying, instant and long-term consequences, a sort of blame-game is said to be on in the official quarters as to who failed whom, to act in time to avert the catastrophe
Published 13 Aug, 2010 12:00am
Smeda's helpdesk at HCCI inaugurated

Smeda's helpdesk at HCCI inaugurated

Small & Medium Enterprises Development Authority (Smeda) formally opened its helpdesk at Haripur Chamber of Commerce & Industry (HCCI), Haripur with the purpose to facilitate business community of the district. In this connection, a ceremony was held at H
Published 13 Aug, 2010 12:00am
Alternate sources of energy imperative for development: Afridi

Alternate sources of energy imperative for development: Afridi

Federal Minister for Environment Hameedullah Jan Afridi has said that it is imperative to promote alternative sources of energy in different sectors to overcome the current energy crisis in the country. "Without utilising the alternative energy resources
Published 13 Aug, 2010 12:00am
Mobilink posts significant first half results

Mobilink posts significant first half results

Mobilink, Pakistan's market leader in cellular services and part of Orascom Telecom Holding (OTH) has posted strong revenue, higher EBITDA and increasing subscriber base in the first half of 2010 as compared to the same period last year. According to the
Published 13 Aug, 2010 12:00am
Mobilink posts significant first half results

Mobilink posts significant first half results

Mobilink, Pakistan's market leader in cellular services and part of Orascom Telecom Holding (OTH) has posted strong revenue, higher EBITDA and increasing subscriber base in the first half of 2010 as compared to the same period last year. According to the
Published 13 Aug, 2010 12:00am
Zardari to attend conference in Russia next week

Zardari to attend conference in Russia next week

President Asif Ali Zardari will leave for Russia next week to attend a quadrilateral regional conference on security issues. Pakistan, Afghanistan, Russia and Tajikistan will attend the conference that would focus on the security issues in the region.
Published 13 Aug, 2010 12:00am
More monsoon rains predicted during next three days

More monsoon rains predicted during next three days

Meteorological department has said that monsoon currents are penetrating in upper parts of Pakistan that would cause more monsoon rains over upper parts of the country during next three days as: Azad Jammu & Kashmir: Widespread rain/thundershowers (heavy
Published 13 Aug, 2010 12:00am
US Marine helicopters join flood relief efforts

US Marine helicopters join flood relief efforts

Two US Marine helicopters arrived here on Thursday to join relief and rescue operations in areas hit by massive floods in the country's worst catastrophe, the US embassy said. The two aircraft are the first of 19 extra helicopters that US Defence Secretar
Published 13 Aug, 2010 12:00am
Pakistan wants UN debate: Pakistani envoy

Pakistan wants UN debate: Pakistani envoy

Pakistani Ambassador to the United Nations, Hussain Haroon has said that Pakistan is not fixing any target for international aid and trying to go to the UN General Assembly for holding debate on the issue of flood soon. Talking to BBC radio, he said," we
Published 13 Aug, 2010 12:00am
Naval Chief visits affected areas

Naval Chief visits affected areas

Chief of the Naval Staff Admiral Noman Bashir on Thursday visited flood affected areas of Ghotki, Sukkur and Khairpur to review the current flood situation. A Pakistan Navy statement issued here said that the Naval Chief flew over the affected areas and w
Published 13 Aug, 2010 12:00am
World Bank makes available $1.3 million grant through GFDRR

World Bank makes available $1.3 million grant through GFDRR

The World Bank has immediately made available $1.3 million grant to the government for rescue, relief and recovery operations through the Global Facility for Disaster Reduction and Recovery (GFDRR) to strengthen disaster management, conduct a post-disaste
Published 13 Aug, 2010 12:00am
Haripur Grid Station power transformer damaged

Haripur Grid Station power transformer damaged

Power transformer installed at 132 KV Haripur Grid Station was damaged due to severe overloading. Peshawar Electricity Supply Company (Pesco) has shifted the load of the effected feeders on other power transformer and grid stations, resultantly additional
Published 13 Aug, 2010 12:00am
FC mess in Khuzdar attacked

FC mess in Khuzdar attacked

Unknown armed men on Thursday attacked the Frontier Corps mess in Khuzdar, said police. According to details, unidentified armed motorcyclists opened indiscriminate fire at the FC mess. The assailants fled the scene when FC personnel fired back.
Published 13 Aug, 2010 12:00am
After tax loss of RBS increases to Rs 2.073 billion

After tax loss of RBS increases to Rs 2.073 billion

The after tax loss of Royal Bank of Scotland Limited (RBS Pakistan) has increased to Rs 2.073 billion in the half year period ended June 30, 2010 as compared to Rs 0.840 billion recorded in the corresponding period in 2009. The board of directors of the b
Published 13 Aug, 2010 12:00am
After tax loss of RBS increases to Rs 2.073 billion

After tax loss of RBS increases to Rs 2.073 billion

The after tax loss of Royal Bank of Scotland Limited (RBS Pakistan) has increased to Rs 2.073 billion in the half year period ended June 30, 2010 as compared to Rs 0.840 billion recorded in the corresponding period in 2009. The board of directors of the b
Published 13 Aug, 2010 12:00am
Profit after tax of BOC Pakistan declines

Profit after tax of BOC Pakistan declines

The profit after tax of BOC Pakistan Limited has declined to Rs 98.317 million in the half year period ended June 30, 2010 as compared to Rs 166.510 million earned in the same period in 2009. The company's earning per share declined to Rs 3.93 in the peri
Published 13 Aug, 2010 12:00am
Profit after tax of BOC Pakistan declines

Profit after tax of BOC Pakistan declines

The profit after tax of BOC Pakistan Limited has declined to Rs 98.317 million in the half year period ended June 30, 2010 as compared to Rs 166.510 million earned in the same period in 2009. The company's earning per share declined to Rs 3.93 in the peri
Published 13 Aug, 2010 12:00am
AHSL registers profit after tax of Rs 3.798 billion

AHSL registers profit after tax of Rs 3.798 billion

Arif Habib Securities Limited (AHSL) has registered profit after tax of Rs 3.798 billion in the fiscal year FY10 as compared to after tax loss of Rs 2.768 billion recorded in FY09. The company registered earning per share of Rs 10.13 in the period under r
Published 13 Aug, 2010 12:00am
AHSL registers profit after tax of Rs 3.798 billion

AHSL registers profit after tax of Rs 3.798 billion

Arif Habib Securities Limited (AHSL) has registered profit after tax of Rs 3.798 billion in the fiscal year FY10 as compared to after tax loss of Rs 2.768 billion recorded in FY09. The company registered earning per share of Rs 10.13 in the period under r
Published 13 Aug, 2010 12:00am
Olper launches Ramazan campaign

Olper launches Ramazan campaign

Olper's of Engro Foods Ltd (EFL) after their award winning Ramazan campaign of last year have now launched a new campaign for Ramazan. Sharing his thoughts on the new Olper's Ramazan campaign, Sarfaraz A Rehman, CEO EFL, said, "Ramazan is a month of purit
Published 13 Aug, 2010 12:00am
Maintaining traffic: CDGK mobilises 1,500 City Wardens

Maintaining traffic: CDGK mobilises 1,500 City Wardens

City District Government Karachi (CDGK) has decided to mobilise the City Wardens (CW) to maintain the flow of traffic during the month of Ramazan. According to sources in CDGK, the wardens would perform duties on different roundabouts, at shopping centres
Published 13 Aug, 2010 12:00am
CEPIA forms anti-corruption committee

CEPIA forms anti-corruption committee

The Council of Employees of PIA (CEPIA) has constituted a Counter Corruption Committee (CCC) to deal with complaints against the Corporation being widely reported by the media and elsewhere. CEPIA comprises all the associations and CBA.
Published 13 Aug, 2010 12:00am
KCCI announces polls schedule

KCCI announces polls schedule

The Karachi Chamber of Commerce and Industry (KCCI) announced the schedule of annual election of the chamber on Thursday for the year 2010-11. According to schedule, election of managing committee members will be held on September 25, 2010 and office-bear
Published 13 Aug, 2010 12:00am
Visit of trade delegation to Russia termed successful

Visit of trade delegation to Russia termed successful

As Trade Development Authority of Pakistan (TDAP) has embarked upon exploring new markets for local products especially to Russia and CIS Region. There is a vast potential of Russian market for Pakistani products especially for rice, fresh fruits and vege
Published 13 Aug, 2010 12:00am
SBP to supply new stocks of currency notes to banks

SBP to supply new stocks of currency notes to banks

The State Bank of Pakistan (SBP) would supply new stocks of currency notes, of all denominations, to over 9,000 branches of commercial banks in the country during Ramazan, Business Recorder learnt Thursday. For this purpose, the SBP has made elabor
Published 13 Aug, 2010 12:00am
Profit after tax of ABL increases

Profit after tax of ABL increases

The profit after tax of Allied Bank Limited (ABL) has increased to Rs 3.620 billion in the half year period ended June 30, 2010 as compared to Rs 3.060 billion earned in the corresponding period in 2009. The bank's earning per share increased to Rs 4.63 i
Published 13 Aug, 2010 12:00am
Profit after tax of ABL increases

Profit after tax of ABL increases

The profit after tax of Allied Bank Limited (ABL) has increased to Rs 3.620 billion in the half year period ended June 30, 2010 as compared to Rs 3.060 billion earned in the corresponding period in 2009. The bank's earning per share increased to Rs 4.63 i
Published 13 Aug, 2010 12:00am
Shelter hard to find as floods sweep across country

Shelter hard to find as floods sweep across country

Thousands of people are searching for dry spots to take shelter as low-lying areas are being swallowed up by raging floodwaters across Pakistan. One such refuge is Pakistan's sole six-lane motorway, a symbol of pride for the poor nation struggling to achi
Published 13 Aug, 2010 12:00am
Islamabad Police collect Rs 2.5 million donation

Islamabad Police collect Rs 2.5 million donation

Islamabad Police in a bid to mitigate the sufferings of flood victims, organised a special ceremony to raise funds, and collected a donation of Rs 2.5 million in the function held here on Thursday. The activity will remain continue to raise maximum amount
Published 13 Aug, 2010 12:00am
Rs six billion needed to restore road infrastructure: NHA

Rs six billion needed to restore road infrastructure: NHA

National Highway Authority has given an estimate to Ministry of Communication that recent monsoon flood washed away 700km road network worth of Rs 5 billion in various parts of the country. Chairman NHA, Altaf Ahmed Chaudhary confirmed the Business Rec
Published 13 Aug, 2010 12:00am
TI Pakistan willing to hold international workshop for relief

TI Pakistan willing to hold international workshop for relief

Transparency International Pakistan is ready to hold an international workshop for flood relief, rehabilitation and reconstruction, if the Government of Pakistan agreed. "Donors are reluctant to assist flood rehabilitation and reconstruction efforts," bec
Published 13 Aug, 2010 12:00am
800,000 cotton bales damaged in Southern Punjab

800,000 cotton bales damaged in Southern Punjab

Some 800,000 cotton bales have been damaged by flood devastation in Southern Punjab so far, said textile industry sources. According to the reliable sources, a total of 540,000 acres of cotton sowing area in Southern Punjab is affected badly from flood wh
Published 13 Aug, 2010 12:00am
JTI collects goods, Rs 0.1 million at 10 relief camps

JTI collects goods, Rs 0.1 million at 10 relief camps

Jamiat-Talba-Islam (JTI), student wing of Jamiat Ulma-e-Islam (JUI-F) has collected relief goods including medicines, clothes and crockery of one truck and cash amount of Rs 0.1 million through its 10 relief camps erected in different parts of district Pe
Published 13 Aug, 2010 12:00am
LCCI dispatches relief goods

LCCI dispatches relief goods

The Lahore Chamber of Commerce and Industry Thursday sent first consignment of relief goods comprising 15 truckloads of eatables and clean drinking water to Multan and Muzaffargarh. The LCCI Senior Vice President Ijaz A Mumtaz, Executive Committee Members
Published 13 Aug, 2010 12:00am
PTC dispatches third consignment of relief goods

PTC dispatches third consignment of relief goods

Pakistan Tobacco Company Limited (PTC) has dispatched third consignment of relief goods to flood affectees of Nowshera in KP province. The relief package comprises of basic food items, on spot typhoid vaccinations and water purification tablets. These ite
Published 13 Aug, 2010 12:00am
'Significant' flood in River Chenab forecast

'Significant' flood in River Chenab forecast

River Chenab at Marala is likely to attain a high flood, ranging between 200,000 to 250,000 cusecs, during 1400 PST of 12-08-2010 to 0600 PST of 13-08-2010, Flood Warning Centre (FWC) on Thursday. It said this high flood ranging is expected in River Chena
Published 13 Aug, 2010 12:00am
High floods in Jhelum, Chenab, Ravi rivers predicted

High floods in Jhelum, Chenab, Ravi rivers predicted

Director General Pakistan Meteorological Department, Dr Qamar-uz-Zaman Chaudhry has said that rivers Jhelum, Chenab, Ravi and Sutlej may bring eastern, central and southern Punjab, which have so far remained safe, under unprecedented floods. In a statemen
Published 13 Aug, 2010 12:00am
Three of Sindh barrages to face high floods: warning issued

Three of Sindh barrages to face high floods: warning issued

The flood forecasting division has issued a special warning for Sindh province about the dangerous flood situation at three major barrages of the province namely Guddu, Sukkur and Kotri during next two days.
Published 13 Aug, 2010 12:00am
Flood waters receding at Sukkur Barrage, but rising at Kotri

Flood waters receding at Sukkur Barrage, but rising at Kotri

The flood water has started receding at Sukkur Barrage and gradually rising at Kotri Barrage, putting the Irrigation and SIDA engineers as high alert to avoid any big loss of live and property. The flood flow at Sukkur Barrage recorded Thursday at 4.00 pm
Published 13 Aug, 2010 12:00am
KCCI team to visit affected areas

KCCI team to visit affected areas

A delegation of Karachi Chamber of Commerce and Industry (KCCI) will visit Sindh on Friday (today) to make sure goods are being distributed among the flood victims. The delegation also aims to evaluate the damages wrecked by the floods. Separate teams for
Published 13 Aug, 2010 12:00am
Water-borne diseases may spread more easily

Water-borne diseases may spread more easily

Due to the on-going floods across the country water is contaminated in the affected areas and there is apprehension that waterborne diseases could spread. "Before the floods only 20 percent of water was drinkable and after the floods the situation has bec
Published 13 Aug, 2010 12:00am
Colossal damage to education infrastructure: Ahsan

Colossal damage to education infrastructure: Ahsan

Pakistan Muslim League-Nawaz (PML-N) Spokesman Ahsan Iqbal has said that the recent floods have caused colossal damage to education infrastructure in the country. We need to double our efforts. There is a dire need to decentralise education management at
Published 13 Aug, 2010 12:00am
PRSB to celebrate 64th Independence Day with simplicity

PRSB to celebrate 64th Independence Day with simplicity

Pakistan Railways Sports Board (PRSB) has decided to celebrate the 64th Independence Day of Pakistan on August 14 with simplicity to express solidarity with the flood-stricken people in Pakistan. President PRSB, Muhammad Junaid Qureshi has asked all the d
Published 13 Aug, 2010 12:00am
Punjab University to announce BA/BSc exam result on August 17

Punjab University to announce BA/BSc exam result on August 17

Punjab University (PU) will declare the BA/BSc Annual Examination 2010 result on Tuesday, August 17 next. A prize distribution ceremony will be organised in the Al-Razi Hall Undergraduate Block New Campus for this purpose.
Published 13 Aug, 2010 12:00am
Faisalabad petrol pumps swarmed by consumers

Faisalabad petrol pumps swarmed by consumers

More than 150 pumps and filling stations have no stock of fuel owing to the irregular supply of petroleum products by oil companies due to recent floods. On the fourth consecutive day, long queues of vehicles were seen at the filling stations, which limit
Published 13 Aug, 2010 12:00am
LHC CJ directs SSP to look into murder of BA student

LHC CJ directs SSP to look into murder of BA student

The Lahore High Court (LHC) Chief Justice has directed SSP investigation to look into the alleged murder of a B.A student Azeem Abbas by police officials of Barki police and submit his report by August 16. Earlier Additional SP Cantt in his report submitt
Published 13 Aug, 2010 12:00am
ADB hosts forum on 'Emerging vision for shared prosperity'

ADB hosts forum on 'Emerging vision for shared prosperity'

Leading government officials from South Asia and neighbouring countries are meeting in Manila, Philippines, this week for a second round of high level talks on regional cooperation, which will take stock of progress on work done to boost trade, and to dev
Published 13 Aug, 2010 12:00am
Wastewater treatment plant to be established at Mahmood Booti

Wastewater treatment plant to be established at Mahmood Booti

The first wastewater treatment plant in the provincial metropolis would be established at Mahmood Booti. An agreement in this connection was signed between the Water and Sanitation Agency (Wasa) and a France company on Thursday, disclosed a Wasa's spokesm
Published 13 Aug, 2010 12:00am
Free media is essential for democracy: PML-N

Free media is essential for democracy: PML-N

Pakistan Muslim League-Nawaz (PML-N) leader Senator Pervaiz Rasheed has said that Governor Punjab Salman Taseer's statement that restrictions have been imposed on private TV channel for targeting President Asif Ali Zardari is in fact a confession of guilt
Published 13 Aug, 2010 12:00am
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