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Sep 23, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2011-08-20
US bonds rally

US bonds rally

More fears about the global economy drove prices of safe-haven US government bonds up on Thursday and perceptions about the US and eurozone outlook are likely to govern trading in coming days. Early buying intensified after data showed factory activity in
Published 20 Aug, 2011 12:00am
Biden seeks to reassure China on US debt

Biden seeks to reassure China on US debt

US Vice President Joe Biden on Friday said China had "nothing to worry about" concerning the safety of its vast holdings of Treasury debt, while China's Premier Wen Jiabao gave a ringing endorsement of the resilience of the debt-ridden US economy. The exc
Published 20 Aug, 2011 12:00am
South Africa mine union rejects revised Implats offer

South Africa mine union rejects revised Implats offer

South Africa's National Union of Mineworkers members at Impala Platinum on Friday rejected a revised pay rise offer from the world's second largest producer of the precious metal and will refer the dispute to arbitration. The platinum sector is the latest
Published 20 Aug, 2011 12:00am
BofA cutting 3,500 jobs this quarter

BofA cutting 3,500 jobs this quarter

Bank of America will eliminate 3,500 jobs by the end of September, joining a growing list of banks repositioning themselves world-wide amid stubbornly slow economic recoveries. For BofA, the biggest US bank by assets, the job cuts continue a broad push to
Published 20 Aug, 2011 12:00am
Mexico awards first private oil contracts

Mexico awards first private oil contracts

Mexico's state-owned oil company Pemex said Thursday it had granted three operating contracts to private British and Mexican firms, putting an end to a state monopoly in place since 1993. The oil fields concerned, all in eastern Tabasco state, are already
Published 20 Aug, 2011 12:00am
Spain unveils austerity measures, cuts sales tax

Spain unveils austerity measures, cuts sales tax

Spain announced further austerity measures on Friday while also unveiling a halving of sales tax on house purchases as it seeks to strike a balance between cutting its deficit and stimulating anaemic economic growth. The 5 billion euros ($7 billion) of sa
Published 20 Aug, 2011 12:00am
Bargain hunters wary of cheap bank stocks

Bargain hunters wary of cheap bank stocks

European bank shares have been knocked to two-year lows by deepening fears about the global economy and the threat the eurozone crisis may spur more capital raising. Bargain hunters are not biting yet. The lowly valuations reflect a deeply bearish view on
Published 20 Aug, 2011 12:00am
Brazil inflation pierces seven percent, hits rate cut hopes

Brazil inflation pierces seven percent, hits rate cut hopes

Brazilian inflation pierced above the 7 percent mark for the first time since 2005, dealing a sharp blow to hopes that the central bank could cut interest rates as the economy shows signs of slowing down. The jump exceeded even the most pessimistic expect
Published 20 Aug, 2011 12:00am
Zimbabwe demands 13 foreign firms sell off majority

Zimbabwe demands 13 foreign firms sell off majority

Zimbabwe's government has given 13 foreign firms an ultimatum to sell off majority stakes to local partners to comply with a new law or risk being taken over, a state daily reported Friday. "Barclays Bank, Standard Chartered, six mining companies and five
Published 20 Aug, 2011 12:00am
Southeast Asian stocks tumble

Southeast Asian stocks tumble

Southeast Asian stock markets tumbled on Friday, with index heavyweights coming under selling pressure as investors shifted money out of riskier assets because of worries over slowing global growth. Indonesia suffered its biggest fall in two weeks, tumbli
Published 20 Aug, 2011 12:00am
Indian shares fall for fourth straight week

Indian shares fall for fourth straight week

Indian shares fell nearly 2 percent on Friday to log their fourth straight weekly loss, their longest weekly losing streak since the Lehman collapse, as fears of the United States sliding into a recession triggered a global flight from risky assets. Linge
Published 20 Aug, 2011 12:00am
Friday's midday trade: stocks little changed

Friday's midday trade: stocks little changed

US stocks were little changed on Friday, but commodity-related shares rose on energy and gold prices, while Hewlett-Packard dragged on the Dow industrials. Hewlett-Packard's shares tumbled 20.1 percent to a six-year low, a day after the company said it ma
Published 20 Aug, 2011 12:00am
Beaten-down: Wall Street slammed by recession fears

Beaten-down: Wall Street slammed by recession fears

Rising fears of another recession hammered US stocks on Thursday, sending major averages sharply lower in a return to the extreme fluctuations investors endured a week ago. New worries about the health of European banks set the tone before the market's op
Published 20 Aug, 2011 12:00am
Seoul shares post worst loss since 2008 crisis

Seoul shares post worst loss since 2008 crisis

Seoul shares fell for a second day on Friday, posting their worst daily percentage loss since the global financial crisis in late 2008, as fears grew over a possible US recession and the lack of a breakthrough in the euro zone fiscal crisis. South Korean
Published 20 Aug, 2011 12:00am
Dollar funding costs rebound

Dollar funding costs rebound

Dollar funding costs for eurozone banks rose on Friday on fears that a bleak economic outlook in the United States and the spreading eurozone debt crisis could take a heavy toll on the region's banking sector. Investors sought dollars via FX swaps while s
Published 20 Aug, 2011 12:00am
US bonds rally

US bonds rally

More fears about the global economy drove prices of safe-haven US government bonds up on Thursday and perceptions about the US and eurozone outlook are likely to govern trading in coming days. Early buying intensified after data showed factory activity in
Published 20 Aug, 2011 12:00am
Nikkei falls 2.5 percent

Nikkei falls 2.5 percent

The Nikkei stock average fell 2.5 percent for its third straight day of declines, hurt by US recession fears and an earthquake that rattled north-east Japan in late trade, but the benchmark managed to hold above lows marked earlier this month. Asian inves
Published 20 Aug, 2011 12:00am
European shares end torrid week in the red

European shares end torrid week in the red

European shares ended Friday and the week firmly in the red after global growth, sovereign debt and bank funding concerns led a broad-based flight from equity market risk and helped push an index of leading lenders to a fresh two-year low. Banks fell from
Published 20 Aug, 2011 12:00am
Hong Kong, China shares slide

Hong Kong, China shares slide

Hong Kong shares slumped on Friday and may fall more in the near-term, thanks to increased volumes of short-selling as long-term investors look to enter the market given this month's sharp price-drops. Losses were exacerbated on Friday as European and Uni
Published 20 Aug, 2011 12:00am
Britain's top shares index slips

Britain's top shares index slips

Britain's top share index slid again on Friday, adding to the previous day's rout, in a turbulent session driven by fears about the outlook for the global economy and the eurozone debt crisis. The UK benchmark index ended 51.47 points, or 1.0 percent, low
Published 20 Aug, 2011 12:00am
Sterling up versus dollar

Sterling up versus dollar

Sterling hit a 3-1/2 month high against the dollar on Friday, putting it on track for its best weekly performance since mid-January, as investors wary about funding problems in the eurozone and a recession in the US preferred to buy the pound. But Britain
Published 20 Aug, 2011 12:00am
Euro, commodity currencies down in Asia

Euro, commodity currencies down in Asia

The euro and commodity currencies such as the Australian dollar came under pressure on Friday after a raft of weak US economic data and concerns about European banks sent skittish investors piling into US Treasuries and away from stocks. Mounting fears of
Published 20 Aug, 2011 12:00am
Euro reverses losses in London

Euro reverses losses in London

The euro recovered early losses on Friday in thin trade, gaining momentum on stop-loss selling, but remained at risk of coming under renewed pressure from a darkening global economic outlook and worries the eurozone banking sector could face more funding
Published 20 Aug, 2011 12:00am
Midday trade in New York: dollar plunges to all-time low versus yen

Midday trade in New York: dollar plunges to all-time low versus yen

The euro rebounded on Friday as an early sell-off lost steam on central bank demand and technical buying, although the currency was vulnerable due to fears about eurozone banks and a gloomy global outlook. In midday New York trading, the euro was up 0.5 p
Published 20 Aug, 2011 12:00am
Dollar, yen up in New York

Dollar, yen up in New York

The dollar and Japanese yen rose broadly on Thursday as investors stampeded into safe-haven currencies on signs of a weakening US economy and concerns over European banks' exposure to eurozone debt. A deluge of dismal US economic data and eurozone fears r
Published 20 Aug, 2011 12:00am
Swiss franc rises

Swiss franc rises

The Swiss franc rose against both the euro and the dollar on Friday as growing signs of a slowdown in the US economy and concerns some European banks may face short-term funding stress sapped investor appetite for risky assets. The franc rose 0.6 percent
Published 20 Aug, 2011 12:00am
Yuan lower

Yuan lower

The yuan closed down against the dollar on Friday as traders said a weaker-than-expected central bank fixing sparked a wave of short covering in dollars, although the market was still confident in continued yuan appreciation in the near term. Spot yuan cl
Published 20 Aug, 2011 12:00am
Won down for fourth week, debt woes hit Asian FX

Won down for fourth week, debt woes hit Asian FX

The South Korean won slid for a fourth consecutive week as investment banks and hedge funds on Friday cut exposure in emerging Asian currencies on mounting concerns of a slowing global economy and European debt crisis. The won and its peers are expected t
Published 20 Aug, 2011 12:00am
Kidnapped US national involved in intelligence gathering

Kidnapped US national involved in intelligence gathering

The US national, who had been kidnapped by unidentified gunmen from his residence in Lahore at the weekend, was engaged in intelligence gathering, a provincial minister said in comments on Thursday, says IRNA. No group has claimed responsibility for the a
Published 20 Aug, 2011 12:00am
UN urges Pakistan to probe journalist killings

UN urges Pakistan to probe journalist killings

The office of the UN's human rights commissioner urged Pakistan on Friday to investigate a recent spate of killings and disappearances of journalists. "In the past eight days alone, we have received reports on the killing of one journalist, Munir Shakir,
Published 20 Aug, 2011 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

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

Published 20 Aug, 2011 12:00am
Indian police beat Mexican, Kashmiri photographers

Indian police beat Mexican, Kashmiri photographers

Two photographers, an Indian and a Mexican, say police detained them for several hours after beating them during a protest against New Delhi's rule in India's portion offers, who works for California-based Zuma Press, and Showkat Shafi, a stringer with Al
Published 20 Aug, 2011 12:00am
Indian police beat Mexican, Kashmiri photographers

Indian police beat Mexican, Kashmiri photographers

Two photographers, an Indian and a Mexican, say police detained them for several hours after beating them during a protest against New Delhi's rule in India's portion offers, who works for California-based Zuma Press, and Showkat Shafi, a stringer with Al
Published 20 Aug, 2011 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Friday (August 19, 2011) and for Saturday (August 20, 2011).
Published 20 Aug, 2011 12:00am
CNG station relocation: OGRA officials accused of taking bribes

CNG station relocation: OGRA officials accused of taking bribes

Some members of the National Assembly Standing Committee on Petroleum and Natural Resources accused Oil and Gas Regulatory Authority (OGRA) officials of taking Rs 4 to 5 million in bribes for approving CNG station relocation. According to the official doc
Published 20 Aug, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

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

Published 20 Aug, 2011 12:00am
CNG station relocation: OGRA officials accused of taking bribes

CNG station relocation: OGRA officials accused of taking bribes

Some members of the National Assembly Standing Committee on Petroleum and Natural Resources accused Oil and Gas Regulatory Authority (OGRA) officials of taking Rs 4 to 5 million in bribes for approving CNG station relocation. According to the official doc
Published 20 Aug, 2011 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on August 16, 2011.

Published 20 Aug, 2011 12:00am
CNG station relocation: OGRA officials accused of taking bribes

CNG station relocation: OGRA officials accused of taking bribes

Some members of the National Assembly Standing Committee on Petroleum and Natural Resources accused Oil and Gas Regulatory Authority (OGRA) officials of taking Rs 4 to 5 million in bribes for approving CNG station relocation. According to the official doc
Published 20 Aug, 2011 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on August 16, 2011.

Published 20 Aug, 2011 12:00am
HBL's profit after tax increases to Rs 9.287 billion

HBL's profit after tax increases to Rs 9.287 billion

The profit after tax (unconsolidated) of Habib Bank Limited (HBL) has increased to Rs 9.287 billion in the half year period ended June 30, 2011 as compared to Rs 7.423 billion earned in the corresponding period in 2010. The board of directors of the bank
Published 20 Aug, 2011 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on August 16, 2011.

Published 20 Aug, 2011 12:00am
HBL's profit after tax increases to Rs 9.287 billion

HBL's profit after tax increases to Rs 9.287 billion

The profit after tax (unconsolidated) of Habib Bank Limited (HBL) has increased to Rs 9.287 billion in the half year period ended June 30, 2011 as compared to Rs 7.423 billion earned in the corresponding period in 2010. The board of directors of the bank
Published 20 Aug, 2011 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 20 Aug, 2011 12:00am
HBL''s profit after tax increases to Rs 9.287 billion

HBL''s profit after tax increases to Rs 9.287 billion

The profit after tax (unconsolidated) of Habib Bank Limited (HBL) has increased to Rs 9.287 billion in the half year period ended June 30, 2011 as compared to Rs 7.423 billion earned in the corresponding period in 2010. The board of directors of the bank
Published 20 Aug, 2011 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 20 Aug, 2011 12:00am
HBL''''s profit after tax increases to Rs 9.287 billion

HBL''''s profit after tax increases to Rs 9.287 billion

The profit after tax (unconsolidated) of Habib Bank Limited (HBL) has increased to Rs 9.287 billion in the half year period ended June 30, 2011 as compared to Rs 7.423 billion earned in the corresponding period in 2010. The board of directors of the bank
Published 20 Aug, 2011 12:00am
Bullion Rates

Bullion Rates

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

Published 20 Aug, 2011 12:00am
US missile strike kills four

US missile strike kills four

At least four people were killed Friday when an airstrike from a US drone struck a compound in Burmal area of South Waziristan, an intelligence official said. The missile strike took place in the Burmal area of South Waziristan, one of the seven tribal di
Published 20 Aug, 2011 12:00am
The Weather

The Weather

The weather report on Friday (August 19, 2011) and the forecast for Saturday (August 20, 2011).

Published 20 Aug, 2011 12:00am
US missile strike kills four

US missile strike kills four

At least four people were killed Friday when an airstrike from a US drone struck a compound in Burmal area of South Waziristan, an intelligence official said. The missile strike took place in the Burmal area of South Waziristan, one of the seven tribal di
Published 20 Aug, 2011 12:00am
Japan Prime Minister drops plan to visit US for summit talks

Japan Prime Minister drops plan to visit US for summit talks

Japan's prime minister, under pressure to resign within weeks, has declined Washington's invitation for a visit to hold talks with President Barack Obama next month. Chief Cabinet Secretary Yukio Edano announced the decision Friday, citing ``Japan's polit
Published 20 Aug, 2011 12:00am
Japan Prime Minister drops plan to visit US for summit talks

Japan Prime Minister drops plan to visit US for summit talks

Japan's prime minister, under pressure to resign within weeks, has declined Washington's invitation for a visit to hold talks with President Barack Obama next month. Chief Cabinet Secretary Yukio Edano announced the decision Friday, citing ``Japan's polit
Published 20 Aug, 2011 12:00am
Youm-e-Ali: Sindh police directed to provide airtight security

Youm-e-Ali: Sindh police directed to provide airtight security

Chief Minister Sindh, Syed Qaim Ali Shah has directed the Home Minister Sindh, Sindh police chief and DG Rangers for providing airtight security on Youm-e-Shahadat Hazrat Ali (RA) across the province. He asked the home minister, DIG Police and DG Rangers
Published 20 Aug, 2011 12:00am
Lecture on Ramazan at ICMAP today

Lecture on Ramazan at ICMAP today

The Karachi Branch Council (KBC) under the aegis of Institute of Cost and Management Accountants of Pakistan (ICMAP) is organising a lecture on "Ramazan, Pakistan and our responsibilities" at the ICMAP head office here on August 20. Maulana Attaullah, Sha
Published 20 Aug, 2011 12:00am
DIK flood protection wall constructed

DIK flood protection wall constructed

The political administration of FR D.I.Khan (DIK) has constructed flood protection wall at Khannak Kach area in a short period of time, which will benefit about 500 individuals of the area. The flood protection wall is not only protecting areas of fertile
Published 20 Aug, 2011 12:00am
Asma suggests non-confrontational policy for judiciary, executive

Asma suggests non-confrontational policy for judiciary, executive

The President of Pakistan Supreme Court Bar Association, Aasma Jehangir, has called for non-confrontational policy for the judiciary and the executive for flourishing the democratic system. She was addressing media persons at Kashmir Press Club here late
Published 20 Aug, 2011 12:00am
Abbasi Hospital to start kidney transplantation soon

Abbasi Hospital to start kidney transplantation soon

Abbasi Shaheed Hospital (ASH) being run under City District Government Karachi (CDGK) to start facility of kidney transplantation soon It is reliably learned here on Friday. In charge of Kidney Ward ASH Professor Waqar Kazmi said that Abbasi Shaheed Hospi
Published 20 Aug, 2011 12:00am
Karachi University announces B Com Part-I results

Karachi University announces B Com Part-I results

Karachi University (KU) announced the results of B.Com Part-I (External Candidates) Annual Examination 2010 on Friday. As per statistics, as many as 8137 candidates were registered out of which 7483 appeared in the examination, while 949 declared passed w
Published 20 Aug, 2011 12:00am
Al Ghazi Tractors's profit up 13.45 percent

Al Ghazi Tractors's profit up 13.45 percent

The profit after tax of Al Ghazi Tractors has increased to Rs 1,131.964 million in the half year period ended June 30, 2011 as compared to Rs 997.805 million earned in the corresponding period in 2010. The board of directors of the company in its meeting
Published 20 Aug, 2011 12:00am
Al Ghazi Tractors's profit up 13.45 percent

Al Ghazi Tractors's profit up 13.45 percent

The profit after tax of Al Ghazi Tractors has increased to Rs 1,131.964 million in the half year period ended June 30, 2011 as compared to Rs 997.805 million earned in the corresponding period in 2010. The board of directors of the company in its meeting
Published 20 Aug, 2011 12:00am
Contracts of 35 employees of SMI College extended for two years

Contracts of 35 employees of SMI College extended for two years

The Sindh Government has issued notification to extend the contracts of 35 employees of Sindh Madersa-tul-Islam SMI College for two years. This was said by the SMI College Principal Dr Muhammad Ali Shaikh on Friday while addressing the meeting of faculty
Published 20 Aug, 2011 12:00am
Outlaw groups gunfire forces traders to shut businesses

Outlaw groups gunfire forces traders to shut businesses

A fresh incident of gunfire that left a trader injured in the old city area market on Friday spoiled business activities badly and created widespread fears, forcing traders to shut their businesses much before the sunset.
Published 20 Aug, 2011 12:00am
Violence in Karachi: shoppers frightened of going out for shopping

Violence in Karachi: shoppers frightened of going out for shopping

The enthusiasm, which is usually witnessed among the people for Eid shopping during second half of Ramazan, is missing as the shoppers are frightened to go out because of poor law and order situation. The Law Enforcement Agencies (LEAs) appear helpless in
Published 20 Aug, 2011 12:00am
Two minor female siblings drowned in open water tank

Two minor female siblings drowned in open water tank

At least two minor female siblings were drowned in a water tank of the house in the limits of Surjani police station on Friday. According to the police and rescue sources, the incident took place in a house (R-127) located at Rozee Goth in the remits of S
Published 20 Aug, 2011 12:00am
Flood-affected areas: NBP to establish free medical relief camps

Flood-affected areas: NBP to establish free medical relief camps

National Bank of Pakistan (NBP) in collaboration with People's Doctors' forum is organising flood medical relief camps in different flood affected areas of Sindh. The free medical relief camps are initially scheduled for ten days. This includes three days
Published 20 Aug, 2011 12:00am
PPCBL advances Rs 2.15 billion agriculture loans to farmers

PPCBL advances Rs 2.15 billion agriculture loans to farmers

Punjab Provincial Co-operative Bank Ltd (PPCBL) has advanced Rs 2.15 billion agriculture loans to the members of co-operative societies and small farmers for sowing and maturing the FY 2011-12 Kharif crops including cotton, rice, sugarcane, fodder, vegeta
Published 20 Aug, 2011 12:00am
President, Prime Minister condemn blast at Jamrud mosque

President, Prime Minister condemn blast at Jamrud mosque

President Asif Ali Zardari and Prime Minister Syed Yousuf Raza Gilani on Friday expressed their deep shock and strongly condemned the suicide blast at a mosque in Jamrud that killed dozens of faithfuls. They termed it an abhorrent act and said they were s
Published 20 Aug, 2011 12:00am
Health cover plan evolved for Youm-e-Ali

Health cover plan evolved for Youm-e-Ali

The Punjab Health Department has chalked out comprehensive health cover plan to provide efficient medical cover to the participants of procession on the eve of martyrdom day of Hazrat Ali (RA) on August 22. The management of all the government hospitals h
Published 20 Aug, 2011 12:00am
25 new power projects approved

25 new power projects approved

The Gilgit-Baltistan government has approved 25 new thermal power projects in different districts, which will boost the power generation capacity thus reducing loadshedding in the region. This was stated by Gilgit-Baltistan Minister for Law Wazir Shakeel,
Published 20 Aug, 2011 12:00am
Zardari condoles death of journalist's mother

Zardari condoles death of journalist's mother

President Asif Ali Zardari on Friday expressed deep grief over the death of mother of Ansar Abbasi, senior Editor Investigation of a national daily. The President in a message condoled with Ansar Abbasi and prayed for the departed soul to rest in peace an
Published 20 Aug, 2011 12:00am
Bahria Town: Nadra asked to stop issuing illegal CNICs

Bahria Town: Nadra asked to stop issuing illegal CNICs

The Supreme Court (SC) Friday directed National Database Registration Authority (Nadra) to stop issuing illegal Computerised National Identity Cards (CNICs) in Bahria Town and its surroundings. Bahria Town is owned by land developer Malik Riaz.
Published 20 Aug, 2011 12:00am
NADRA closes its Swan office

NADRA closes its Swan office

National Database and Registration Authority (NADRA) closed its office located in Swan area near Behria Town in compliance with the Supreme Court of Pakistan's orders. A registration office of NADRA Provincial Headquarters was operating in Swan area of Ra
Published 20 Aug, 2011 12:00am
Chaos in Karachi to mar future of democracy: Imran

Chaos in Karachi to mar future of democracy: Imran

Pakistan Tehreek-e-Insaf (PTI) Chairman, Imran Khan on Friday warned that present chaos in Karachi, which has brought life to stand-still in the country, must be reined in or it will mar the future of democracy. The PTI chief, condemning the ongoing civil
Published 20 Aug, 2011 12:00am
Nawaz concerned over Karachi situation

Nawaz concerned over Karachi situation

Pakistan Muslim League-Nawaz (PML-N) President and former Prime Minister Mian Nawaz Sharif has expressed grave concern over deteriorating law and order situation in Karachi. In a statement, Nawaz said security institutions must apprise the parliament abou
Published 20 Aug, 2011 12:00am
Armed robbers kill two persons

Armed robbers kill two persons

Two persons died and four others injured when armed robbers entered a money changers shop at Raja Bazar in downtown Rawalpindi and resorted to indiscriminate firing. The two injured, who showed resistance to the dacoits, succumbed to injuries, as City Pol
Published 20 Aug, 2011 12:00am
Hajj training programme for intending pilgrims after Eid

Hajj training programme for intending pilgrims after Eid

Ministry of Religious Affairs will arrange training session for intending pilgrims after Eid-ul-Fitr and training session called in National Press Club last day has no link with the Ministry. An official of Ministry of Religious Affairs told APP, "We will
Published 20 Aug, 2011 12:00am
Food packages distributed among flood victims

Food packages distributed among flood victims

The Pakistan Red Crescent Society (PRCS) with assistance of Swiss Red Cross have distributed food packages among flood affected families of Charsadda district under Food for Work project. According to press release here on Friday, the edible items includi
Published 20 Aug, 2011 12:00am
Egypt Ambassador pays farewell call on President

Egypt Ambassador pays farewell call on President

The outgoing Ambassador of Arab Republic of Egypt to Pakistan Magdy Mahmoud Helmy Amer paid a farewell call on President Asif Ali Zardari at Aiwan-e-Sadr on Friday. While discussing Pak- Egypt relations, the President said that Pakistan values its cordial
Published 20 Aug, 2011 12:00am
13 drowned in hill torrent flood in DG Khan

13 drowned in hill torrent flood in DG Khan

A minibus type carrier swept away in the flood of hill torrent at Fazila Kachh (Taunsa Sharif) in Dera Ghazi Khan on Thursday evening. According to details, 25 passengers were on way to their home on this vehicle, when it swept away in floodwater when its
Published 20 Aug, 2011 12:00am
Shawal moon sighting on August 30

Shawal moon sighting on August 30

The Central and Zonal Ruet-e-Hilal committees would meet on August 30 (29th of Ramazan-ul-Mubarak) in their respective headquarters for sighting the crescent moon of Shawal. Chairman Central Ruet-e-Hilal Committee will attend the meeting of Sindh Zonal Ru
Published 20 Aug, 2011 12:00am
Pakistan third on external debt list in region

Pakistan third on external debt list in region

Pakistan has been listed as the third country in the region in terms of the highest external debt, after Sri Lanka and Nepal, but is comparatively on the lower side in the list of sovereign states by public debt in 2010. According to the Finance Ministry'
Published 20 Aug, 2011 12:00am
Fehmida urges international humanitarian bodies to help flood victims

Fehmida urges international humanitarian bodies to help flood victims

Speaker National Assembly Dr Fehmida Mirza has urged upon the International humanitarian agencies, philanthropic organisations and affluent segments of society to immediately come forward and help the rain and flood affectees in Badin and other areas.
Published 20 Aug, 2011 12:00am
Taj Haider pays tribute to Waja Karimdad

Taj Haider pays tribute to Waja Karimdad

Pakistan Peoples Party (PPP) Sindh General Secretary Taj Haider on Friday said the path to progressive politics was always difficult and torturous however, Waja Karimdad was one who always stood against dictatorship and followed path of democracy.
Published 20 Aug, 2011 12:00am
Prominent businessmen attend US CG Iftar dinner

Prominent businessmen attend US CG Iftar dinner

Consul General US Carmela A. Conroy hosted an Iftar Dinner at her residence for prominent citizens of Lahore, which was also attended by the business leaders.
Published 20 Aug, 2011 12:00am
Managing committee of KCCI: BMG Group wins all 15 seats unopposed

Managing committee of KCCI: BMG Group wins all 15 seats unopposed

The Business-men Group (BMG), of Siraj Kassim Teli has won unopposed all 15 seats of managing committee of Karachi Chamber of Commerce and Industry (KCCI) for the year 2011-12. The election committee of KCCI had received total 15 nomination papers, agains
Published 20 Aug, 2011 12:00am
Power situation gets tense with rise in mercury

Power situation gets tense with rise in mercury

Power situation got tensed during last 24 hours with increase in power shortfall to 3762MW, perturbing the domestic consumers on Sehri and Iftar. Demand for power shoot up by 1000MW with increase in mercury from 17519MW to18541MW, pushing the total shortf
Published 20 Aug, 2011 12:00am
PRCS distributes food package among victims

PRCS distributes food package among victims

Pakistan Red Crescent Society (PRCS) with assistance of Swiss Red Cross has distributed food packages among flood affected families of Charsadda district under Food for Work project. According to press release here on Friday, the edible items including At
Published 20 Aug, 2011 12:00am
Madness and mayhem

Madness and mayhem

For many months now for the 20 million residents of Karachi there is neither peace nor security, as violence erupts every other day taking heavy toll of life mainly of the innocent wayfarers. Then there are targeted-killings of political and ethnic rivals
Published 20 Aug, 2011 12:00am
An agreement at last

An agreement at last

It has been reported exclusively by Business Recorder that there has been a breakthrough between the Federal Board of Revenue (FBR) and the Sindh Revenue Board (SRB) in the long simmering dispute over who would collect sales tax in the province.
Published 20 Aug, 2011 12:00am
Economics that do not make a difference

Economics that do not make a difference

The world is in recession, the stock markets are not working, globalisation is in turmoil, the German economy is not growing, and the French economy is in stagnation. It does not matter. What happens to Italy, to Spain, to the US, to any country anywhere?
Published 20 Aug, 2011 12:00am
Sorry IMF, we are incorrigible - II

Sorry IMF, we are incorrigible - II

The rich and influential in Pakistan are not taxed according to their capacity to pay. Adding insult to injury, they enjoy many benefits and luxuries at the expense of the taxpayers' money. Just take a look at the huge golf clubs in the cantonment areas -
Published 20 Aug, 2011 12:00am
After the riots, gang and knife crime top London agenda

After the riots, gang and knife crime top London agenda

The pattern tends to be the same: A body slumped on a park bench, fatally injured by stab wounds, as passers-by turn a blind eye. Next, the spot is covered in bunches of flowers and notes of sympathy. In a north London park this week, 14-year-old Leroy Ja
Published 20 Aug, 2011 12:00am
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