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Print - 2011-07-20
US housing starts at six-month high, permits up

US housing starts at six-month high, permits up

Groundbreaking for US homes scaled a six-month high in June, partly reflecting growing demand for rental apartments, a government report showed on Tuesday. The Commerce Department said housing starts increased 14.6 percent to a seasonally adjusted annual
Published 20 Jul, 2011 12:00am
BofA reports worst ever loss, margins shrink

BofA reports worst ever loss, margins shrink

Bank of America Corp reported a record quarterly loss - $8.8 billion - as low interest rates squeezed lending margins at the largest US bank. The loss was widely expected after the bank said in June it settled with mortgage bond investors for $8.5 billion
Published 20 Jul, 2011 12:00am
Venezuela tops oil reserves league in Opec table

Venezuela tops oil reserves league in Opec table

Opec's proven crude oil reserves rose 12.1 percent in 2010 to 1.19 trillion barrels led by Venezuela, which has surpassed Saudi Arabia as the group's largest reserves holder, Opec said in its Annual Statistical Bulletin.
Published 20 Jul, 2011 12:00am
IBM's services signings surge

IBM's services signings surge

IBM's signings of new business at its services division surged 16 percent in the second quarter, trouncing expectations and raising hopes that 2011 will be a good year for the technology sector.
Published 20 Jul, 2011 12:00am
Eurozone paper points to bank tax to fund Greece

Eurozone paper points to bank tax to fund Greece

A tax on eurozone banks and cheaper, longer-dated official loans are the least risky way to provide extra funding for debt-stricken Greece, a confidential paper drafted ahead of a European summit showed on Tuesday.
Published 20 Jul, 2011 12:00am
China's tax revenue surges 30 percent

China's tax revenue surges 30 percent

China's tax revenues in the first half of the year surged 29.6 percent from a year earlier to 5 trillion yuan ($773 billion), underscoring the government's ability to deal with any fallout from piles of local government debt. Tax revenue growth slowed fro
Published 20 Jul, 2011 12:00am
Merkel damps expectations of eurozone Greek deal

Merkel damps expectations of eurozone Greek deal

German Chancellor Angela Merkel, Europe's reluctant paymaster, doused expectations of any comprehensive solution to Greece's debt crisis at an emergency eurozone summit on Thursday. "Further steps will be necessary and not just one spectacular event which
Published 20 Jul, 2011 12:00am
Obama promotes new plan to avoid US default

Obama promotes new plan to avoid US default

President Barack Obama on Tuesday endorsed a rejuvenated Senate plan that cuts spending and raises taxes in return for congressional approval to raise the US debt ceiling and avoid a default on American obligations.
Published 20 Jul, 2011 12:00am
Nikkei average falls

Nikkei average falls

The Nikkei stock average fell on Tuesday, moving further away from four-month highs, as banks were sold by European and domestic players on growing frustration with governments' inability to solve debt crises in the United States and Europe.
Published 20 Jul, 2011 12:00am
Tuesday's afternoon trade: stocks jump one percent

Tuesday's afternoon trade: stocks jump one percent

US stocks jumped about 1 percent on Tuesday on strong earnings from IBM and Coca-Cola, offsetting investor disappointment in results from big financial firms. Dow component International Business Machines Corp added 3.2 percent to $180.80 a day after it s
Published 20 Jul, 2011 12:00am
Wall Street drops

Wall Street drops

US stocks dropped on Monday as bank shares bore the brunt of investor frustration over governments' inability to solve debt crises in the United States and Europe. With five days to go before President Barack Obama's deadline for a debt ceiling deal and n
Published 20 Jul, 2011 12:00am
Taiwan stocks down

Taiwan stocks down

Taiwan stocks dipped 0.16 percent on Tuesday, but Hon Hai Precision gained after it said it would take over a Mexican manufacturing plant from Cisco Systems. Hon Hai ended up 0.68 percent amid expectations the purchase of the plant, which makes set top bo
Published 20 Jul, 2011 12:00am
Long-term US bonds fall

Long-term US bonds fall

Prices of most US Treasuries held steady on Monday. But investors sold 30-year bonds amid concerns over the US deficit and lawmakers' inability to raise the federal debt ceiling. The sell-off in 30-year bonds, the riskiest US debt, created the biggest dif
Published 20 Jul, 2011 12:00am
Long-term US bonds fall

Long-term US bonds fall

Prices of most US Treasuries held steady on Monday. But investors sold 30-year bonds amid concerns over the US deficit and lawmakers' inability to raise the federal debt ceiling. The sell-off in 30-year bonds, the riskiest US debt, created the biggest dif
Published 20 Jul, 2011 12:00am
South East Asian markets: Bangkok climbs, others mixed

South East Asian markets: Bangkok climbs, others mixed

Expectations of strong bank results and foreign buying drove Thailand's stock market up in high volume, but other markets in Southeast Asia were mixed on Tuesday as investors worried about sovereign debt problems in the United States and Europe.
Published 20 Jul, 2011 12:00am
Hong Kong shares up; Shanghai index falls

Hong Kong shares up; Shanghai index falls

Hong Kong shares ended up on Tuesday helped by a late recovery in oil stocks, although a seasonal trading lull and global debt worries may keep prices rangebound in the near term. Low valuations, particularly for Chinese companies listed in Hong Kong, cou
Published 20 Jul, 2011 12:00am
European shares higher

European shares higher

European shares ended higher on Tuesday after banks bounced from two-year lows ahead of a crucial meeting of political leaders aimed at resolving the regional debt crisis. Indecision over how to fund a fresh Greek bailout, placate markets and stop the pro
Published 20 Jul, 2011 12:00am
Seoul shares flat

Seoul shares flat

Seoul shares closed unchanged on Tuesday, as bargain hunters boosted tech shares such as LG Display after solid results from IBM, limiting the impact of persistent Europe and US debt problems roiling global financial markets. "With overseas debt issues ha
Published 20 Jul, 2011 12:00am
Indian shares snap two-day fall

Indian shares snap two-day fall

Indian shares rose 0.8 percent on Tuesday, climbing for the first time in three sessions, as export-focused software services companies rebounded on the back of upbeat earnings from peer IBM. A modest recovery in world equities also underpinned the market
Published 20 Jul, 2011 12:00am
Rallying banks, commodities haul FTSE higher

Rallying banks, commodities haul FTSE higher

A rally by recently beaten-down banks and commodity issues hauled Britain's top share index higher on Tuesday, although many traders doubted whether the gains could hold. "Dead cats are proving pretty elastic ... It is most likely that any hedge funds sho
Published 20 Jul, 2011 12:00am
Yuan rises

Yuan rises

The yuan ended up against the dollar on Tuesday, even after the People's Bank of China set a marginally lower mid-point, as the dollar index dropped in early European trade. Spot yuan finished at 6.4634 on Tuesday, up from Monday's close of 6.4687. It has
Published 20 Jul, 2011 12:00am
Sterling rises versus dollar

Sterling rises versus dollar

Sterling rose against the dollar on Tuesday, helped by a recovery in equities and with traders citing sovereign demand for the currency, but UK exposure to the eurozone debt crisis was seen hampering the pound's progress. Traders said sentiment was helped
Published 20 Jul, 2011 12:00am
Euro steadies in Asia

Euro steadies in Asia

The euro held steady on Tuesday, taking a breather after its slide to a record low versus the Swiss franc the previous day, but is still vulnerable to fears that Europe's debt crisis could worsen. The single currency stabilised versus the dollar after hav
Published 20 Jul, 2011 12:00am
Euro strengthens in London

Euro strengthens in London

The euro strengthened on Tuesday as debt yields of some peripheral eurozone countries retreated, but the bounce could run out of steam if a solution to Greece's debt problem is not found at an EU summit later this week. Traders said official Asian and Rus
Published 20 Jul, 2011 12:00am
Early trade in New York: euro rises broadly

Early trade in New York: euro rises broadly

The euro rose on Tuesday as debt yields of some peripheral eurozone countries eased ahead of an EU summit later this week on expectations a solution to Greece's debt problem may be reached. The dollar briefly recovered against the yen after a government r
Published 20 Jul, 2011 12:00am
Euro tumbles in New York

Euro tumbles in New York

The euro fell against the dollar and hit a record low against the Swiss franc on Monday, while more losses could be in store on concerns the eurozone debt crisis will worsen. While a stalemate in Washington over raising the nation's $14.3 trillion borrowi
Published 20 Jul, 2011 12:00am
Indian rupee strengthens

Indian rupee strengthens

The Indian rupee strengthened on Tuesday, tracking gains in domestic equities and the euro's recovery, with the market now focusing on a eurozone leaders meeting on Thursday where they will try to agree on a second rescue package for Greece.
Published 20 Jul, 2011 12:00am
Baht, peso move higher

Baht, peso move higher

The Thai baht and the Philippine peso on Tuesday led gains in their peers on continuous bond inflows to Asia, while investors remained reluctant to add more positions in the regional units on default threats in the eurozone and the United States.
Published 20 Jul, 2011 12:00am
Money markets: banks turn to ECB funds

Money markets: banks turn to ECB funds

Eurozone banks' borrowing from the European Central Bank surged on Tuesday as uncertainty over how leaders would tackle the debt crisis at this week's summit spilled over into money markets, prompting more banks to rely on the region's emergency buffers.
Published 20 Jul, 2011 12:00am
Iraq and Iran issue border demands after clashes

Iraq and Iran issue border demands after clashes

Iran must respect its borders with Iraq, authorities in Iraqi Kurdistan said on Tuesday, after Tehran's forces clashed with Iranian Kurdish rebels leaving several people dead. Iranian security officials, however, fired back by demanding that Iraq prevent
Published 20 Jul, 2011 12:00am
Austrian city strips Hitler of honours

Austrian city strips Hitler of honours

The city of Klagenfurt has joined other Austrian communities that have stripped Adolf Hitler of honorary citizenship. The municipal council of the country's sixth-largest city voted unanimously Tuesday to revoke the honour accorded to the Nazi dictator 73
Published 20 Jul, 2011 12:00am
Two helicopters crash in Thailand, 14 feared dead

Two helicopters crash in Thailand, 14 feared dead

An army helicopter carrying nine people crashed in a hilly jungle along Thailand's border with Myanmar on Tuesday while on a mission to retrieve the bodies of five soldiers killed in another helicopter accident at the weekend.
Published 20 Jul, 2011 12:00am
China executes two officials for graft

China executes two officials for graft

China on Tuesday executed two former local government officials for taking tens of millions of dollars in bribes, the state-run Xinhua news agency reported. Xu Maiyong and Jiang Renjie, who both worked in prosperous cities on China's thriving east coast,
Published 20 Jul, 2011 12:00am
German court sentences three for helping terrorist groups

German court sentences three for helping terrorist groups

A woman and two men were sentenced by a German court on Tuesday for promoting terrorist groups online, as part of wider proceedings against a total of eight Islamist suspects. The oldest of the three, aged 25, was handed a six-month suspended prison sente
Published 20 Jul, 2011 12:00am
Israeli navy seizes Gaza-bound yacht

Israeli navy seizes Gaza-bound yacht

The Israeli navy seized a French yacht carrying pro-Palestinian activists heading for the blockaded Gaza Strip on Tuesday and forced it to go to Israel's Ashdod port.
Published 20 Jul, 2011 12:00am
EU agrees to bury nuclear waste in secure bunkers

EU agrees to bury nuclear waste in secure bunkers

Radioactive waste from Europe's 143 nuclear reactors must in future be buried in secure bunkers, ministers from EU member states agreed on Tuesday. The new rules force national nuclear authorities to draw up disposal plans by 2015, which will be vetted by
Published 20 Jul, 2011 12:00am
Syrian forces kill 13 civilians in Homs

Syrian forces kill 13 civilians in Homs

Syrian security forces shot dead 13 civilians on Monday and Tuesday in the central protest hub city of Homs, rights activist Rami Abdel Rahman told AFP. "Thirteen civilians were killed yesterday and today in several parts of Homs when the army opened fire
Published 20 Jul, 2011 12:00am
Libyan rebels encircled Brega

Libyan rebels encircled Brega

Libyan rebels have encircled the eastern oil hub of Brega and are in control of parts of the town, whose capture would mark a major boost for the insurgents' campaign to oust Muammar Qadhafi, a rebel spokesman said. Insurgents were dug in to the south and
Published 20 Jul, 2011 12:00am
Last US space shuttle leaves station

Last US space shuttle leaves station

The last US space shuttle departed the International Space Station on Tuesday, ending a 12-year program to build and service the orbital outpost, the primary legacy of NASA's shuttle fleet. Shuttle Atlantis commander Chris Ferguson and pilot Doug Hurley g
Published 20 Jul, 2011 12:00am
Turkey won't accept divided Cyprus in EU chair: Erdogan

Turkey won't accept divided Cyprus in EU chair: Erdogan

EU candidate Turkey would not accept Cyprus in the rotating European Union presidency, which it is due to assume in July 2012, without a deal to end the island's division, Prime Minister Tayyip Erdogan said on Tuesday.
Published 20 Jul, 2011 12:00am
US heartland suffers under killer heat, humidity

US heartland suffers under killer heat, humidity

A searing heatwave brought summer misery to the American heartland, enveloping as many as 17 US states in oppressive temperatures and humidity likely to persist into next week, forecasters said Tuesday.
Published 20 Jul, 2011 12:00am
Clinton pushes India on nuclear law, market access

Clinton pushes India on nuclear law, market access

US Secretary of State Hillary Clinton urged India on Tuesday to amend a law that has put off US companies from taking part in the $150 billion nuclear energy market and further open up Asia's third largest economy to foreign investment.
Published 20 Jul, 2011 12:00am
Punjab CPC on agriculture meets to discuss rising input costs

Punjab CPC on agriculture meets to discuss rising input costs

Provincial Cost of Production Committee (CPC) on agriculture held a meeting here on Tuesday to discuss the impact of increased input cost, including hike in electricity and diesel prices on different crops to suggest their support prices. The committee me
Published 20 Jul, 2011 12:00am
28th session of Punjab Assembly on July 22

28th session of Punjab Assembly on July 22

Punjab Assembly Speaker, Rana Muhammad Iqbal Khan has summoned the 28th session of Punjab Assembly on July 22, 2011 at 3:00pm. A notification of Punjab Assembly Secretariat has been issued in this regard. The session has been summoned on the requisition o
Published 20 Jul, 2011 12:00am
'National institutions at brink of destruction'

'National institutions at brink of destruction'

Pakistan Tahreek-e-Insaf (PTI) Punjab President, Ahsan Rasheed and Secretary, Dr Shahid Siddique Khan have said that democratic institutions and national institutions of public service have been brought to the brink of destruction by the incompetent gover
Published 20 Jul, 2011 12:00am
Durable peace in Karachi demanded

Durable peace in Karachi demanded

Pakistan Workers Confederation urged the government to bring about durable peace and tranquillity in the port city Karachi, the economic hub of the country. Only poor suffer when there is a law-and-order situation or industries are shut down in the city.
Published 20 Jul, 2011 12:00am
Workshop opens

Workshop opens

The Pakistan Microfinance Network (PMN) in collaboration with Citi launched a three-day workshop on Risk Management (RM) at a local hotel. The Workshop was opened by Hashim Jawan Bakht, Citi Pakistan's Vice President and Corporate Bank Head for the North
Published 20 Jul, 2011 12:00am
Iesco power suspension notice

Iesco power suspension notice

According to Iesco spokesman, due to electricity maintenance/development work, power supply of the areas falling under the following feeders would remain suspended as under:
Published 20 Jul, 2011 12:00am
7th wage award: hearing adjourned to September 20

7th wage award: hearing adjourned to September 20

The Supreme Court (SC) Tuesday adjourned the hearing of 7th Wage Board Award case till September 20 with directives to Attorney General for Pakistan (AGP) and other respondents to appear before the bench and participate in day-to-day hearing of the case.
Published 20 Jul, 2011 12:00am
ECC to discuss 'possible' sugar crisis in Ramazan

ECC to discuss 'possible' sugar crisis in Ramazan

The Economic Co-ordination Committee (ECC) of the Cabinet, which is scheduled to meet on Wednesday, will discuss 'possible' sugar crisis in Ramazan and additional contractual safeguards after scrapping the tender floated by the Trading Corporation of Paki
Published 20 Jul, 2011 12:00am
Dr Raees terms Prime Minister's visit to UK significant

Dr Raees terms Prime Minister's visit to UK significant

Prominent Analyst Dr Rasool Bakhsh Raees said Prime Minister Syed Yusuf Raza Gilani's visit to the United Kingdom was of utmost importance as Pakistan needed friends at a time when the country was passing through a critical phase at the international and
Published 20 Jul, 2011 12:00am
Huge potential exists to boost Pak-Iran ties

Huge potential exists to boost Pak-Iran ties

Renowned analyst Dr Hassan Askari Rizvi said that cordial relations should be established with the neighbouring countries according to the practical considerations. Talking to a private news channel on Tuesday, he said Pakistan did not have good relations
Published 20 Jul, 2011 12:00am
SECP approves measures for derivates and leverage segments

SECP approves measures for derivates and leverage segments

In a move to facilitate market participants and in the interest of the capital market, the Securities and Exchange Commission of Pakistan (SECP) has approved various regulatory measures. In order to support enhanced trading activity in the deliverable fut
Published 20 Jul, 2011 12:00am
Kashmir Accession to Pakistan Day observed

Kashmir Accession to Pakistan Day observed

Kashmir Accession to Pakistan Day was observed on Tuesday by the refugees from the occupied Jammu and Kashmir settled in the Sialkot and Narowal districts. The daylong programmes started with special prayers for the solidarity, unity and prosperity of the
Published 20 Jul, 2011 12:00am
ELTR Project: HEC, UoM ink MoU to establish Self Access Centre

ELTR Project: HEC, UoM ink MoU to establish Self Access Centre

The Higher Education Commission (HEC) and the University of Malakand (UoM) signed a Memorandum of Understanding (MoU) on Tuesday for establishing the first Self Access Centre (SAC) under the English Language Teaching Reforms Project (ELTR) Phase-II.
Published 20 Jul, 2011 12:00am
Levy of sales tax: government urged to withdraw decision

Levy of sales tax: government urged to withdraw decision

Former Chairman, Pakistan Poultry Association (PPA), Abdul Basit has said the imposition of sales tax on import of machinery would prove disastrous for industrial sector and urged the government to withdraw the decision. In a statement issued on Tuesday,
Published 20 Jul, 2011 12:00am
JI for redressing grievances of Baloch people

JI for redressing grievances of Baloch people

Jamaat-e-Islami leader, Farid Ahmad Pracha has said the people all over the country would have to intensify pressure on the government for redressing the grievances of the Balochistan.
Published 20 Jul, 2011 12:00am
Aptma chief thanks Zardari, policymakers for record textile exports

Aptma chief thanks Zardari, policymakers for record textile exports

Chairman All Pakistan Textile Mills Association (Aptma) Gohar Ejaz has congratulated textile industry, government policymakers and President Asif Ali Zardari on record performance of textile industry, touching $ 14 billion exports during 2010-11.
Published 20 Jul, 2011 12:00am
The Weather

The Weather

The weather report on Tuesday (July 19, 2011) and the forecast for Wednesday (July 20, 2011).

Published 20 Jul, 2011 12:00am
17 percent GST on machinery import: call to review decision

17 percent GST on machinery import: call to review decision

The Multan Chambers of Commerce and Industry (MCCI) has reiterated its demand that the government should review its decision of imposing 17 percent general sales tax (GST) on machinery imports. "Manufacturing and SME sectors should be encouraged to play t
Published 20 Jul, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (July 19, 2011).

Published 20 Jul, 2011 12:00am
Software Technology Park being made functional soon

Software Technology Park being made functional soon

Senior Advisor to Chief Minister Punjab Sirdar Zulfiqar Ali Khan Khosa has said that the Software Technology Park constructed in Lahore will soon be made functional. He said that all facilities relating to information technology will become available to c
Published 20 Jul, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (July 19, 2011).

Published 20 Jul, 2011 12:00am
Pakistan's businessmen urged to avail opportunities in UAE

Pakistan's businessmen urged to avail opportunities in UAE

Chairman Pakistan Industrial and Traders Associations Front (PIAF), Sohail Lashari on Tuesday said Pakistani businessmen must avail investment opportunities available in the UAE as it would strengthen trade linkages.
Published 20 Jul, 2011 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 20 Jul, 2011 12:00am
Power shortfall reaches 5,975MW

Power shortfall reaches 5,975MW

The power shortfall surged 5,975MW as generation was recorded 12,934MW against total demand of 18,909MW during last 24 hours. The consumers, both domestic and commercial were suffering badly as loadshedding duration crossed 10 hours a day in urban and 18
Published 20 Jul, 2011 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 20 Jul, 2011 12:00am
Establishment of industrial estates direly needed: SCCI

Establishment of industrial estates direly needed: SCCI

President Sialkot Chamber of Commerce and Industry (SCCI), Ghulam Mustafa Choudary, has said that in order to make vibrant economic activities and industrial development there was a great need of setting up more small industrial estates in this hub of cot
Published 20 Jul, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (July 19, 2011).

Published 20 Jul, 2011 12:00am
'UK and Pakistan enjoying friendly relations'

'UK and Pakistan enjoying friendly relations'

Deputy High Commissioner and Director UK Trade and Investment (Pakistan), Francis Campbell has said United Kingdom and Pakistan are enjoying highly cordial relations for a long time and with the passage of time these relations will further strengthen.
Published 20 Jul, 2011 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Tuesday (July 19, 2011) and for Wednesday (July 20, 2011).
Published 20 Jul, 2011 12:00am
Appeal against EC verdict dismissed

Appeal against EC verdict dismissed

A division bench of Lahore High Court here Tuesday dismissed an appeal of PML-Q MNA Chaudhry Wajahat Hussain against a verdict of election tribunal which had directed Gujrat Sessions Judge to inspect sealed ballot papers. The election tribunal had issued
Published 20 Jul, 2011 12:00am
DLC launches its operation in Pakistan

DLC launches its operation in Pakistan

Diverse Learning Concepts (DLC) is honoured to launch its operations in Pakistan. This was announced by Chief Executive Officer DLC World-wide, Alan Linden at a press conference along-with senior advisor Punjab Board of Investment (PBIT), Ayub Ghauri and
Published 20 Jul, 2011 12:00am
PCGA urges government to introduce TCP as alternative buyer

PCGA urges government to introduce TCP as alternative buyer

The Central Executive Committee of Pakistan Cotton Ginners Association (PCGA) has urged the government to introduce Trading Corporation of Pakistan (TCP) as an alternative buyer to protect the interests of farmers who have produced 15.5 million bales of c
Published 20 Jul, 2011 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (July 19, 2011).

Published 20 Jul, 2011 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Tuesday (July 19, 2011).

Published 20 Jul, 2011 12:00am
'Pak-India dialogue to help build mutual trust'

'Pak-India dialogue to help build mutual trust'

Foreign Minister Hina Rabbani Khar has stressed that the dialogue process between Pakistan and India should be uninterrupted, uninterruptible and result-oriented to help build trust between the two countries.
Published 20 Jul, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (July 19, 2011).

Published 20 Jul, 2011 12:00am
Ahead of Ramazan: prices of vegetables, fruits start climbing up

Ahead of Ramazan: prices of vegetables, fruits start climbing up

Vegetables and fruits prices have started climbing up ahead of Ramazan and the retailers expressed fear that onion may become much dearer in couples of days. They said that consumption of onion, green chili, tomato, potato and fruits increases during Rama
Published 20 Jul, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (July 19, 2011).

Published 20 Jul, 2011 12:00am
President PSF arrested

President PSF arrested

Lahore police have arrested President Peoples Students Federation (PSF), Tanvir Khakwani along with two accomplices on Monday. According to the Police Station Factory Area, Khakwani was wanted in different cases including murder of five people. Police arr
Published 20 Jul, 2011 12:00am
'Government fails yet again to establish its writ'

'Government fails yet again to establish its writ'

Karachi Electric Supply Company has condemned the anti Karachi actions of the defunct union as they once again blocked movement of critical repair material from KESC's central store. KESC central is the main supply source of repair and maintenance materia
Published 20 Jul, 2011 12:00am
THE RUPEE: dollar falls

THE RUPEE: dollar falls

The rupee managed to recover against dollar on the currency market on Tuesday as US currency supply eased in process of trading, dealers said.
Published 20 Jul, 2011 12:00am
THE RUPEE: dollar falls

THE RUPEE: dollar falls

The rupee managed to recover against dollar on the currency market on Tuesday as US currency supply eased in process of trading, dealers said.
Published 20 Jul, 2011 12:00am
Khar, French envoy discuss bilateral issues

Khar, French envoy discuss bilateral issues

Minister of State for Foreign Affairs Hina Rabbani Khar received the French Ambassador Daniel Jouanneau at the Foreign Office here on Tuesday. They discussed a range of bilateral issues and noted that the recent visit of Prime Minister to France had helpe
Published 20 Jul, 2011 12:00am
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