AIRLINK 76.15 Increased By ▲ 1.75 (2.35%)
BOP 4.86 Decreased By ▼ -0.09 (-1.82%)
CNERGY 4.31 Decreased By ▼ -0.03 (-0.69%)
DFML 46.65 Increased By ▲ 1.92 (4.29%)
DGKC 89.25 Increased By ▲ 1.98 (2.27%)
FCCL 23.48 Increased By ▲ 0.58 (2.53%)
FFBL 33.36 Increased By ▲ 1.71 (5.4%)
FFL 9.35 Decreased By ▼ -0.01 (-0.11%)
GGL 10.10 No Change ▼ 0.00 (0%)
HASCOL 6.66 Decreased By ▼ -0.11 (-1.62%)
HBL 113.77 Increased By ▲ 0.17 (0.15%)
HUBC 143.90 Increased By ▲ 3.75 (2.68%)
HUMNL 11.85 Decreased By ▼ -0.06 (-0.5%)
KEL 4.99 Increased By ▲ 0.12 (2.46%)
KOSM 4.40 No Change ▼ 0.00 (0%)
MLCF 38.50 Increased By ▲ 0.10 (0.26%)
OGDC 133.70 Increased By ▲ 0.90 (0.68%)
PAEL 25.39 Increased By ▲ 0.94 (3.84%)
PIBTL 6.75 Increased By ▲ 0.22 (3.37%)
PPL 120.01 Increased By ▲ 0.37 (0.31%)
PRL 26.16 Increased By ▲ 0.28 (1.08%)
PTC 13.89 Increased By ▲ 0.14 (1.02%)
SEARL 57.50 Increased By ▲ 0.25 (0.44%)
SNGP 66.30 Decreased By ▼ -0.10 (-0.15%)
SSGC 10.10 Decreased By ▼ -0.05 (-0.49%)
TELE 8.10 Increased By ▲ 0.15 (1.89%)
TPLP 10.61 Decreased By ▼ -0.03 (-0.28%)
TRG 62.80 Increased By ▲ 1.14 (1.85%)
UNITY 26.95 Increased By ▲ 0.32 (1.2%)
WTL 1.34 Decreased By ▼ -0.02 (-1.47%)
BR100 7,957 Increased By 122.2 (1.56%)
BR30 25,700 Increased By 369.8 (1.46%)
KSE100 75,878 Increased By 1000.4 (1.34%)
KSE30 24,343 Increased By 355.2 (1.48%)
Jun 02, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2008-05-17
Lebanese head to Qatar for crisis talks

Lebanese head to Qatar for crisis talks

Rival Lebanese leaders flew to Qatar on Friday aiming to end a protracted political conflict that has pushed the country to the brink of a new civil war. One of the most influential members of the US-backed ruling coalition, which was dealt a military blo
Published 17 May, 2008 12:00am
EU, Latin American leaders meet on trade and climate

EU, Latin American leaders meet on trade and climate

Political differences loomed over a summit of European and Latin American leaders in Peru on Friday, threatening to undermine their efforts to fight poverty and global warming. Leftist Bolivian President Evo Morales differed with his regional counterparts
Published 17 May, 2008 12:00am
EU concedes Kosovo mission likely to be delayed

EU concedes Kosovo mission likely to be delayed

The EU conceded on Friday that it was unlikely to be able to take over policing in Kosovo from the United Nations in June, confirming widespread expectations that Kosovo's security situation will be unclear for some time.
Published 17 May, 2008 12:00am
Israel firm on refugees after Bush dismays Arabs

Israel firm on refugees after Bush dismays Arabs

Israel ruled out all debate on letting Palestinian refugees return in any peace deal, as US President George W. Bush ended a visit on Friday that left Arabs dismayed by his outspoken support for Israel's "chosen people".
Published 17 May, 2008 12:00am
Rain deepens Myanmar misery; death toll spikes

Rain deepens Myanmar misery; death toll spikes

Torrential rain lashed victims of Cyclone Nargis on Friday as Myanmar's junta admitted more than 130,000 people were dead or missing, putting the disaster on a par with a 1991 cyclone that killed 143,000 in neighbouring Bangladesh.
Published 17 May, 2008 12:00am
US gives food aid to North Korea

US gives food aid to North Korea

The United States said on Friday it would provide 500,000 metric tonnes in food aid to North Korea in a sign of improving cooperation despite their stand-off over Pyongyang's nuclear program. The aid will start next month and be provided over a 12-month p
Published 17 May, 2008 12:00am
US helps China with satellite data on quake

US helps China with satellite data on quake

The United States has provided China with satellite images of earthquake-stricken areas, and will provide two planeloads of relief for quake victims this weekend, the State Department said on Friday. "I think we have provided them some overhead imagery,"
Published 17 May, 2008 12:00am
China buries quake dead as new aftershock hits

China buries quake dead as new aftershock hits

China struggled to bury its dead and help tens of thousands of injured and homeless on Friday when a powerful aftershock brought new havoc four days after an earthquake thought to have killed more than 50,000.
Published 17 May, 2008 12:00am
Osama marks Israel anniversary with combat vow

Osama marks Israel anniversary with combat vow

Osama bin Laden vowed in an audio tape to mark Israel's 60th anniversary to continue to fight the Jewish state and its allies in the West. The al Qaeda leader, who has placed growing emphasis on the Israeli-Palestinian conflict, said it was at the heart o
Published 17 May, 2008 12:00am
Iran embassy staff wounded in Baghdad shooting

Iran embassy staff wounded in Baghdad shooting

Four Iranian embassy staff and their Iraqi driver were wounded when their convoy was shot at in the Iraqi capital, the embassy and Iraqi officials said on Friday. An Iranian embassy spokesman said the embassy staff consisted of two diplomats and two guard
Published 17 May, 2008 12:00am
Shiv Sena renews threat to cricketers

Shiv Sena renews threat to cricketers

Hours before the crucial Indian Premier League (IPL) match between Mumbai Indians and Kolkata Knight Riders (KKR), the Shiv Sena on Friday renewed its attack on cricketers from Pakistan in one of the teams.
Published 17 May, 2008 12:00am
Gaddafi accuses Europeans of killing migrants

Gaddafi accuses Europeans of killing migrants

Libyan leader Muammar Gaddafi has accused European states of killing hundreds of African migrants by deliberately sinking their boats to stop them reaching Europe. "This tragedy is unfolding. A war on the Mediterranean sea is being waged against Africans,
Published 17 May, 2008 12:00am
Film tackles IRA leader Bobby Sands hunger strike

Film tackles IRA leader Bobby Sands hunger strike

The director of a powerful film about the final days of Bobby Sands said he had not made a hero of the IRA prisoner whose death in a 1981 hunger strike made him one of the most prominent symbols of opposition to British rule in Northern Ireland.
Published 17 May, 2008 12:00am
Edwards rules out vice presidential run with Obama

Edwards rules out vice presidential run with Obama

Former presidential contender John Edwards said on Friday he would not be Democratic front-runner Barack Obama's running mate, but did not rule out taking a role in an Obama administration. "Won't happen," Edwards told NBC's "Today" program when asked if
Published 17 May, 2008 12:00am
Maliki offers amnesty

Maliki offers amnesty

Iraqi Prime Minister Nuri al-Maliki, leading an offensive against al Qaeda in the north, offered cash and freedom from prosecution on Friday to fighters who give up their weapons within 10 days.
Published 17 May, 2008 12:00am
Bush policies strengthened Iran and Hamas: Obama

Bush policies strengthened Iran and Hamas: Obama

Democratic presidential front-runner Barack Obama said on Friday President George W. Bush's "failed policies" had strengthened US enemies like Iran and Hamas. Responding to Bush's comment on Thursday that those who want to talk to Iran were like Nazi appe
Published 17 May, 2008 12:00am
South Asia offers challenges, opportunities: Boucher

South Asia offers challenges, opportunities: Boucher

South Asia is part of a world of difficult challenges, but great opportunities as well, says a senior US diplomat. The region is confronted with poverty, disease, terrorism, drug trafficking, weak governance, corruption and natural disasters, says Richard
Published 17 May, 2008 12:00am
Dollar falls versus euro in London

Dollar falls versus euro in London

The dollar drifted down versus the euro on Friday, pressured by the contrast between Thursday's weak US jobs and manufacturing data and forecast-beating growth figures from the euro zone. The US data injected a hint of doubt into market expectations that
Published 17 May, 2008 12:00am
Pound falls

Pound falls

The pound fell versus the euro on Friday as investors were worried by the combination of high inflation and slowing growth in the UK economy. Sterling has been on the back foot this week after the Bank of England delivered a bearish prognosis on British e
Published 17 May, 2008 12:00am
Indian rupee remains down

Indian rupee remains down

The Indian rupee hit a 13-month low near 43 per dollar on Friday after data showed inflation at a 3-year high, but recovered smartly to end stronger as exporters decided it was good time to cash in dollar holdings. The partially convertible rupee ended at
Published 17 May, 2008 12:00am
European credit spreads stay narrow

European credit spreads stay narrow

European credit spreads tightened on Friday, buoyed by European equities, although they pared some of the move after US consumer sentiment data from the University of Michigan came in weaker than expected.
Published 17 May, 2008 12:00am
European credit spreads stay narrow

European credit spreads stay narrow

European credit spreads tightened on Friday, buoyed by European equities, although they pared some of the move after US consumer sentiment data from the University of Michigan came in weaker than expected.
Published 17 May, 2008 12:00am
Friday's midday trade: market falls on record oil price

Friday's midday trade: market falls on record oil price

US stocks fell on Friday after the price of oil hit a record and consumer sentiment data came in surprisingly weak, reviving concerns over spending. The unease about the state of the consumer outweighed earlier optimism following a surprise rise in US hou
Published 17 May, 2008 12:00am
Malaysian shares up

Malaysian shares up

Malaysian share prices closed 0.5 percent higher on Friday led by industrial, oil and gas and plantation stocks following Wall Street's overnight gains, dealers said. The Kuala Lumpur Composite Index was up 6.52 points at 1,300.67 on volume of 568 million
Published 17 May, 2008 12:00am
Asian bond spreads tighten

Asian bond spreads tighten

Asian bond spreads tightened on Friday amid growing expectations the Federal Reserve will not raise US interest rates yet due to signs of tamer-than-expected inflation in the world's largest economy. But Pakistan's credit default swaps (CDS), insurance-li
Published 17 May, 2008 12:00am
Asian bond spreads tighten

Asian bond spreads tighten

Asian bond spreads tightened on Friday amid growing expectations the Federal Reserve will not raise US interest rates yet due to signs of tamer-than-expected inflation in the world's largest economy. But Pakistan's credit default swaps (CDS), insurance-li
Published 17 May, 2008 12:00am
China stock index slips

China stock index slips

China's key stock index slipped 0.36 percent on Friday in light trade, weighed down by Bank of Communications as 13.2 billion of its A shares emerged from a lock-up period while shares of firms in earthquake-hit Sichuan Province were mixed.
Published 17 May, 2008 12:00am
FTSE rises to four-month high

FTSE rises to four-month high

Britain's benchmark index rose 0.8 percent on Friday to hit its highest closing level in four months as surging crude prices pumped oil shares higher, while bid activity powered British Energy. The FTSE 100 closed up 52.5 points at 6,304.3, but well off i
Published 17 May, 2008 12:00am
Bajwa takes charge as PIO

Bajwa takes charge as PIO

Principal Information Officer (PIO), Ghulam Hazoor Bajwa took charge of his office here on Friday. Bajwa, who is a senior officer of the Information Group and has an experience of around 31 years, was appointed as PIO on Thursday. He has served against di
Published 17 May, 2008 12:00am
Militants behead soldier

Militants behead soldier

Authorities on Friday found the body of a paramilitary soldier beheaded by the militants in a tribal area where a suspected US missile strike left 12 people dead, an official said. A note left on the corpse said the soldier had been killed in revenge for
Published 17 May, 2008 12:00am
US to provide financial aid for judicial reforms

US to provide financial aid for judicial reforms

United States would provide financial assistance for implementation of judicial reforms being conceived by Pakistan's ministry of law and justice, US ambassador to Pakistan Anne W. Patterson said on Friday. The ambassador called on minister for law and ju
Published 17 May, 2008 12:00am
LHC quashes FIR

LHC quashes FIR

The Lahore High Court (LHC) has quashed an FIR brought up against City Housing Scheme Chief Executive, Haji Muhammad Rafique saying that the Anti Corruption Establishment (ACE) has no jurisdiction to indulge in matters of private companies. The court also
Published 17 May, 2008 12:00am
Trafco Tracking, IBM sign accord

Trafco Tracking, IBM sign accord

The Trafco Tracking and IBM Pakistan on Friday inked an accord to ensure quality service, enabling the Trafco Tracking to adopt a software called Smart Blade Centre Solution. Country Sales Head of IBM Shoaib Khan and Chief Executive Officer Trafco Trackin
Published 17 May, 2008 12:00am
Teacher's case hearing adjourned

Teacher's case hearing adjourned

The Lahore High Court (LHC) has adjourned till May 23 a case following a petition by former Aitchison College teacher Muhammad Sharif after it heard partial arguments seeking court directions for the college to pay his dues. The petitioner argued that he
Published 17 May, 2008 12:00am
Aluminium and zinc climb

Aluminium and zinc climb

Aluminium and zinc prices were driven higher on Friday by mounting fears over supplies from China and worries about infrastructure in Sichuan province after a devastating earthquake there earlier this week. Copper, a popular alternative investment which i
Published 17 May, 2008 12:00am
US gold up on weak data

US gold up on weak data

US gold futures held on to robust gains into the close on Thursday, as a string of weaker-than-forecast US economic reports and healthy physical demand underpinned the precious metal, traders said.
Published 17 May, 2008 12:00am
New York sugar down

New York sugar down

Raw sugar futures settled easier on Thursday on modest investor sales in a session halted by a 3-1/2 hour power outage at the exchange, brokers said. The key July sugar contract fell 0.05 cent to end at the day's low of 11 cents per lb, with the day's hig
Published 17 May, 2008 12:00am
London coffee and cocoa up

London coffee and cocoa up

London robusta coffee and cocoa futures climbed on Friday, buoyed by strength in other commodities and energy markets as well as a weaker dollar, but both held in a tight range, while white sugar was flat. "Everything else in the commodity world seems to
Published 17 May, 2008 12:00am
New York cotton futures surge

New York cotton futures surge

Cotton futures surged to a strong close Friday as commercial and technical buying combined with strength in other commodity markets and the momentum from to 80.65 cents, dealing from 79.02 to 81.15 cents. Volume traded in the July contract at 3:09 pm (190
Published 17 May, 2008 12:00am
Tokyo rubber climbs

Tokyo rubber climbs

Tokyo rubber futures rose above 320 yen a kg for the first time since late February on Friday amid supply worries in Thailand, the world's top producer, and falling warehouse stocks in China, the world's No 1 consumer. Rubber warehouse inventories on the
Published 17 May, 2008 12:00am
Gold crosses $900 in London

Gold crosses $900 in London

Gold jumped to its highest level in three weeks above $900 an ounce on Friday after oil struck another record and the dollar dropped against the euro.Platinum also rallied ahead of the release of a report on the supply and demand outlook from refiner John
Published 17 May, 2008 12:00am
US MIDDAY: coffee firm, cocoa mixed

US MIDDAY: coffee firm, cocoa mixed

Arabica coffee futures contracts trading on ICE Futures US climbed into positive territory in early trade Friday, while cocoa turned mixed in choppy dealings.
Published 17 May, 2008 12:00am
US MIDDAY: sugar higher

US MIDDAY: sugar higher

Raw sugar futures on ICE Futures US at 1245 GMT. July contract up 0.09 cent at 11.09 cents per lb. Range from 10.96 to 11.14 cents. July contract volume at 5,420 lots.
Published 17 May, 2008 12:00am
US MIDDAY: corn surges

US MIDDAY: corn surges

July corn was up 2-3/4 cents at $6.01-3/4 per bushel, new-crop December up 4 to $6.26-1/2.Following strength in soyabeans, crude oil and gold. But backed off early highs in thin trade.
Published 17 May, 2008 12:00am
US MIDDAY: wheat climbs

US MIDDAY: wheat climbs

July wheat was up 6-1/2 cents at $7.78 per bushel, deferreds up 6-1/4 to 15-1/2 cents.Technical rebound from oversold conditions; market fell to 5-1/2 month lows on Thursday. Strength in corn and soya lends support. Also, weaker dollar and early strength
Published 17 May, 2008 12:00am
US MIDDAY: soyabeans soar

US MIDDAY: soyabeans soar

July soyabeans futures were up 45 cents at $13.92-1/2 per bushel, new-crop November up 36-3/4 at $13.56. Higher on news Argentine farmers will extend strike until May 21, stalling movement from a top soya exporter and likely bolstering demand for US soya.
Published 17 May, 2008 12:00am
US MIDDAY: copper up

US MIDDAY: copper up

US copper futures rose to an eight day high in early trade on Friday, following gains across the metals complex.July copper delivery was up 9.30 cents at $3.8315 a lb on the Comex. Range $3.7395 to $3.8420, highest since May 8.9 am EST volume estimated at
Published 17 May, 2008 12:00am
US MIDDAY: gold rises

US MIDDAY: gold rises

US gold futures surged 2 percent Friday, briefly breaching $900 an ounce on the back of a dollar slump and solid crude oil gains amid a broad-based commodity rally. The June gold contract on Comex division of New York Mercantile Exchange up $17.60 or 2 pe
Published 17 May, 2008 12:00am
Lucky Cement signs MoU with Noor Financial Investment Company of Kuwait

Lucky Cement signs MoU with Noor Financial Investment Company of Kuwait

Lucky Cement Limited (Lucky), Pakistan's largest cement company, has signed a Memorandum of Understanding (MoU) with Noor Financial Investment Company (Noor), based in Kuwait to supply clinker for a period of 5 years. Noor is a Kuwaiti investment company
Published 17 May, 2008 12:00am
Soft image

Soft image

This refers to a news item informing viewers that Mr Shaukat Aziz is doing efforts to improve the soft image of the country. I am afraid, we do not need him for anything yet alone perception building.
Published 17 May, 2008 12:00am
'Hidden formula for joy'

'Hidden formula for joy'

The classical book "The Art of Happiness in a troubled world with the Dalai Lama" is a food for thought for our nation. I consider the environment we have been placed in the whole nation has been sucked into one issue, thanks to the media, creating depres
Published 17 May, 2008 12:00am
The bells are ringing

The bells are ringing

Soon after its dawn, the 21st century experienced too many market upheavals in quick succession. Collapse of the IT bubble marred 2001. The following year witnessed massive defaults by large broadcasting and telecom companies in the US.
Published 17 May, 2008 12:00am
Vision 2016 - tax on all sources of income

Vision 2016 - tax on all sources of income

After all, the cat came out of the bag that after almost a decade of a dictatorial regime in Pakistan, the people of Pakistan hear from the elected Finance Minister that the economy was under immense pressure. But his statement is short of the accountabil
Published 17 May, 2008 12:00am
Finding a way out

Finding a way out

Asif Zardari has now offered to move a resolution for the reinstatement of deposed judges in a joint sitting of parliament. This is a departure from the PPP's earlier positions taken in a series of negotiations with its erstwhile coalition partner, PML (N
Published 17 May, 2008 12:00am
Economic meltdown and prescriptions

Economic meltdown and prescriptions

During his press conference, Pakistan People's Party Co-Chairman, Asif Ali Zardari, referred to an 'economic meltdown'. This is perhaps the first time Zardari has commented on the state of the economy.
Published 17 May, 2008 12:00am
Sudan Naval chief visits Karachi Shipyard & Engineering Works

Sudan Naval chief visits Karachi Shipyard & Engineering Works

Chief of the Naval Staff Sudan Navy, Vice Admiral Al Zain Hamad Ballah Husain visited Karachi Shipyard & Engineering Works on Thursday. Matters of bilateral cooperation between the two brotherly Muslim countries came under discussion in the meeting.
Published 17 May, 2008 12:00am
Pre-budget seminar on May 20

Pre-budget seminar on May 20

'Action Aid', an NGO would hold a seminar on 'People's Charter on Budget' on Tuesday (May 20). The Action Aid has been endeavouring to promote the interests and create benefits for the poor people through stronger and informed activism of the civil societ
Published 17 May, 2008 12:00am
Draft bill to end gender bias in Sindh

Draft bill to end gender bias in Sindh

The government of Sindh has prepared gender bias ending draft bill for presenting it in the upcoming provincial assembly session, which could make the women harassment liable to punishments of 30 days jail and a penalty of Rs 0.5 million.
Published 17 May, 2008 12:00am
Judges to be restored soon through constitutional means: Naik

Judges to be restored soon through constitutional means: Naik

Federal Law Minister Farooq H. Naek has said that the deposed judges would be restored soon through legal and constitutional means. Talking to media persons here on Friday, he said the PPP is committed to restoration of the judges but there are difference
Published 17 May, 2008 12:00am
CDA raids flourmills, depots for quality check

CDA raids flourmills, depots for quality check

The rapid task force of Capital Development Authority (CDA) on Friday conducted raids on several flourmills and distribution centres working across the Federal Capital to examine the quality of flour being produced there.
Published 17 May, 2008 12:00am
JTA students' rally against US

JTA students' rally against US

Students of religious seminaries and activists of Jamiat Talaba-i- Arabia on Friday staged a demonstration in front of Multan Press Club. They burnt the effigy of US president George W Bush and Pakistan President Pervez Musharraf followed by their mock ha
Published 17 May, 2008 12:00am
Seminar on energy crisis on May 20

Seminar on energy crisis on May 20

A seminar on "Energy Crisis in Pakistan" will be held at a local hotel on May 20.The seminar is being organised in connection with the second anniversary of a magazine to discuss and recommend measures for resolving energy crisis and suggest the use of al
Published 17 May, 2008 12:00am
Machine-readable vehicle registration book launched

Machine-readable vehicle registration book launched

The newly printed machine-readable computerised registration book was formally launched by Provincial Minister for Excise and Taxation Mukesh Kumar at a ceremony held at his office here on Friday.
Published 17 May, 2008 12:00am
PTA to ensure quality service to subscribers: Kaira

PTA to ensure quality service to subscribers: Kaira

Federal Minister for Communications, Qamar-uz-Zaman Kaira has said Pakistan Telecommunications Authority (PTA) was taking effective steps to ensure quality service to subscribers. Talking to PTV, he said the PTA has completed coverage of over 40 percent o
Published 17 May, 2008 12:00am
ILO official stresses media's role in curbing child labour

ILO official stresses media's role in curbing child labour

Pakistan is experiencing worst form of child labour with over 3.3 million child workers, which is a point of major concern for all the stakeholders. However, this grave situation demands more serious practical initiatives from all stakeholders, including
Published 17 May, 2008 12:00am
Two adjournment motions disposed off during Balochistan Assembly session

Two adjournment motions disposed off during Balochistan Assembly session

Provincial Minister for Communication and Works Mir Sadiq Umrani on Friday assured the house that Dera Allah Yar-Hairdin road would be completed by December 2009. Speaking on a point of order during the assembly session here, he said that delay in complet
Published 17 May, 2008 12:00am
Skill development centres to be set up for youth

Skill development centres to be set up for youth

Skill development centres would be established in various parts of the province to help train youngsters for various jobs and enable them to stand on their own feet. This was stated by the Sindh Minister for Youth Affairs, Syed Faisal Subzwari, here on Fr
Published 17 May, 2008 12:00am
USAID to work with Parliament to strengthen democracy

USAID to work with Parliament to strengthen democracy

The US Agency for International Development (USAID) Assistant Administrator for Bureau for Democracy, Conflict and Humanitarian Assistance, Michael Hess, called on Speaker National Assembly, Dr Fehmida Mirza, here on Friday to discuss key aspects of USAID
Published 17 May, 2008 12:00am
Pakistan dispatches aid for Chinese quake victims

Pakistan dispatches aid for Chinese quake victims

Pakistan on Friday sent two special PAF C-130 aircrafts carrying 23,000 kg relief goods containing tents, medicines, plastic mats and mineral water for the Chinese earthquake affectees.
Published 17 May, 2008 12:00am
KMU delegation arrives in Lahore

KMU delegation arrives in Lahore

A nine-members delegation of the Khyber Medical University (KMU), Peshawar, arrived here on Friday on a two-day visit of the University of Health Sciences.
Published 17 May, 2008 12:00am
Anti-encroachment drive launched

Anti-encroachment drive launched

On the special directions of Punjab Minister of Auqaf, the Auqaf Secretary and the department of Religious Affairs have launched an anti-encroachment drive to remove illegal occupation from the waqf land. On Friday, a team of Auqaf dept retrieved three Ka
Published 17 May, 2008 12:00am
Patel leaves for Mecca

Patel leaves for Mecca

M Ibrahim Patel Senior Media Manager left for Saudi Arabia to perform Umra sponsored by the management of KIMCO Advertising (Pvt) Ltd. Patel was declared successful in the draw held recently for this purpose. As a tradition every year one of the staff mem
Published 17 May, 2008 12:00am
Decision to close markets on Friday hailed

Decision to close markets on Friday hailed

The Muslim Tajir Ittehad and Lahore Retailers and the General Merchants Association have welcomed a decision to close markets on Friday but disagreed to have them shut by 9pm. A joint meeting, held with Rao Muhammad Akram Khan in the chair, condemned the
Published 17 May, 2008 12:00am
'PML (N) will remain cool to save coalition'

'PML (N) will remain cool to save coalition'

"Despite betrayed and letdown, the Pakistan Muslim League (N) will remain cool and go to the end of the world to save its coalition with the Pakistan People's Party in the greater national interest," party spokesman Siddiqul Farooque said on Friday.
Published 17 May, 2008 12:00am
Malaysian Prince arrives

Malaysian Prince arrives

Prince Raja Ashman Shah, son of Sultan Azlan Shah, former King of Malaysia arrived here on Friday on a two-day private visit. According to Malaysian embassy, following the footsteps of his father, Prince Ashman continues the relationship with Pakistan.
Published 17 May, 2008 12:00am
Jamaat-i-Islami urges PPP and PML-N to impeach Musharraf

Jamaat-i-Islami urges PPP and PML-N to impeach Musharraf

The Amir, Jamaat-i-Islami (JI), Qazi Hussain Ahmed on Friday has urged the Pakistan People's Party (PPP) and the Pakistan Muslim League-N (PML-N) to impeach the President, Pervez Musharraf, since the parties enjoy requisite strength in the Parliament to t
Published 17 May, 2008 12:00am
Operation against encroachments

Operation against encroachments

The Estate Management Department of the Lahore Development Authority has carried out a major operation against encroachments between Samanabad and Bund Road. A team on Friday demolished illegal buildings, ramps and obstacles blocking traffic on the Main B
Published 17 May, 2008 12:00am
Taseer takes oath as governor Punjab

Taseer takes oath as governor Punjab

Salmaan Taseer took oath as 27th Governor of Punjab here on Friday. Lahore High Court Chief Justice Syed Zahid Hussain administered the oath. Deeply associated with late Zulfiqar Ali Bhutto, founder chairman of PPP, Salmaan also wrote a biographical memor
Published 17 May, 2008 12:00am
Six Pakistani, UK institutions ink MoUs

Six Pakistani, UK institutions ink MoUs

In an efforts to meet the employability challenge young people face an increasingly competitive world, six British and Pakistani institutions signed Memorandums of Understandings (MoUs) under the British Councils' 'Skills for Employability' project.
Published 17 May, 2008 12:00am
Soomro, Jamali condole Dr Kashfi's death

Soomro, Jamali condole Dr Kashfi's death

Senate Chairman, Mohammedmian Soomro As well as Deputy Chairman Senate, Jan Muhammad Khan Jamali have expressed deep grief and sorrow on the death of sad death of Dr Syed Abul Khair Kashfi, an eminent critic, research scholar and former Chairman of Urdu D
Published 17 May, 2008 12:00am
Government to prepare comprehensive national health policy: Sherry

Government to prepare comprehensive national health policy: Sherry

The government will prepare a comprehensive national health policy after consultation with all stakeholders, said Federal Minister for Health Sherry Rehman. A Pakistan Medical Association (PMA) spokesman quoting the health having a meeting with a PMA dele
Published 17 May, 2008 12:00am
'Deposed judges turn down government proposal'

'Deposed judges turn down government proposal'

A senior lawyer has claimed that all the deposed judges of Sindh High Court have turned down federal government's proposal of taking fresh oath without the reinstatement of deposed Chief Justice of Pakistan Iftikhar Mohammad Chaudhry.
Published 17 May, 2008 12:00am
Key decisions about lawyers' drive likely today

Key decisions about lawyers' drive likely today

The legal fraternity is likely to take key decisions at its meeting on Saturday (today) including launching of a long-march from Lahore to Islamabad, besieging of the President House, some other government premises in the capital and running of a "Judicia
Published 17 May, 2008 12:00am
DIG assures arrest of student's killer

DIG assures arrest of student's killer

The DIG Police, Hyderabad, Sanaullah Abbasi has assured the Sindh University (SU) authorities that culprits involved in murder of BS-Part-III Sociology student, Abdul Nabi Brohi would be arrested very soon. His assurance came during Law and Order meeting
Published 17 May, 2008 12:00am
PIA will not be privatised: minister

PIA will not be privatised: minister

Defence Minister Ahmed Mukhtar said the national airline was suffering a big financial loss every month, yet it would not be privatised. Talking to media at PIA Head Office here on Friday, he said that the airline would have to raise Haj fares.
Published 17 May, 2008 12:00am
Habib Insurance rating maintained

Habib Insurance rating maintained

The Pakistan Credit Rating Agency (Pacra) has maintained the Insurer Financial Strength (IFS) rating of Habib Insurance Company Limited (HIC) at 'A+' (Single A Plus). The rating denotes strong capacity to meet policyholder and contract obligations.
Published 17 May, 2008 12:00am
Habib Insurance rating maintained

Habib Insurance rating maintained

The Pakistan Credit Rating Agency (Pacra) has maintained the Insurer Financial Strength (IFS) rating of Habib Insurance Company Limited (HIC) at 'A+' (Single A Plus). The rating denotes strong capacity to meet policyholder and contract obligations.
Published 17 May, 2008 12:00am
Railways authorities ordered to ensure timely trains departures

Railways authorities ordered to ensure timely trains departures

Pakistan Railways Chairman Muhammad Kashif Murtaza has ordered department authorities to ensure timely trains departures and arrivals. In his speech in a meeting of the Railways Executive Committee on Friday, he stressed the need for starting long-term pr
Published 17 May, 2008 12:00am
HEC approves Rs 3.177 million bats research project

HEC approves Rs 3.177 million bats research project

The Higher Education Commission (HEC) has approved a research project of the University of Veterinary and Animal Sciences (UVAS) in Lahore called 'Diversity and Conservation Biology of Bats in Selected Protected Areas of Pakistan'.
Published 17 May, 2008 12:00am
Hamdard Naunehal holds variety show

Hamdard Naunehal holds variety show

The Hamdard Naunehal Assembly, Karachi chapter, organised a variety show comprising recitation of holy verses of Quran, naat, speeches, songs and skit. The function held recently also included exhibition of three documentaries, two from Hamdard and one fr
Published 17 May, 2008 12:00am
Dadabhoy Institute holds convocation

Dadabhoy Institute holds convocation

As many as 216 students of Dadabhoy Institute of Higher Education (DIHE) Karachi were conferred bachelors and masters degrees in various disciplines at 2nd convocation of the institute held here on Friday. Nine students of different departments were also
Published 17 May, 2008 12:00am
Work at Sales Tax Collectorate remains suspended for second day

Work at Sales Tax Collectorate remains suspended for second day

The operations at the Collectorate of Sales Tax and Federal Excise (Enforcement) and Audit Collectorate remained suspended on second consecutive day due to staff protest against National Accountability Bureau (NAB) references filed in accountability court
Published 17 May, 2008 12:00am
Previous Day