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Archive - 2007-07-01
Parliamentary seminar on child protection concludes

Parliamentary seminar on child protection concludes

Parliamentarians must ensure that children live in safety and dignity, Senate Acting Chairman Jan Mohammad Khan Jamali said at the conclusion of the Regional Parliamentary Seminar on protection of children.
Published 01 Jul, 2007 12:00am
Fast and University boards meeting held

Fast and University boards meeting held

A meeting of the Board of Governors of Fast and Board of Trustees of the University, chaired by Fast President and University Chancellor Senator Wasim Sajjad was held on Saturday.
Published 01 Jul, 2007 12:00am
Lawyers' token protest continues

Lawyers' token protest continues

The lawyers on Saturday continued their token protest by observing token hunger strike and one hour boycott of courts against the suspension of Chief Justice of Pakistan here in the provincial metropolis.
Published 01 Jul, 2007 12:00am
Rain water from Balochistan hit upper Sindh areas

Rain water from Balochistan hit upper Sindh areas

Rainwater coming from Balochistan has inundated many areas of Sukkur and Larkana districts, leaving hundreds of people marooned. Local reports said the hill torrents broke the FP Protective Bund and inundated villages in Kubo Saeed Khan, Jhal Magsi, Kot M
Published 01 Jul, 2007 12:00am
NIB acquisition of Picic termed big development

NIB acquisition of Picic termed big development

NIB Bank, a Temasek Holdings' subsidiary of Singapore, on Saturday struck a deal to acquire 63.36 percent Pakistan Industrial Credit & Investment Corporation Limited's (Picic) shares for $342 million (Rs 20.5 billion). Per share price for the deal was fix
Published 01 Jul, 2007 12:00am
NIB acquisition of Picic termed big development

NIB acquisition of Picic termed big development

NIB Bank, a Temasek Holdings' subsidiary of Singapore, on Saturday struck a deal to acquire 63.36 percent Pakistan Industrial Credit & Investment Corporation Limited's (Picic) shares for $342 million (Rs 20.5 billion). Per share price for the deal was fix
Published 01 Jul, 2007 12:00am
Education University: new campuses to be established in 11 cities

Education University: new campuses to be established in 11 cities

Punjab Governor, Lieutenant General Khalid Maqbool (Retd) has said new campuses of Education University (E Varsity) will be established as many as in 11 cities. He stated this while addressing the first convocation of Education University, here on Saturda
Published 01 Jul, 2007 12:00am
Lal Masjid 'brigade' establishes defensive posts

Lal Masjid 'brigade' establishes defensive posts

The armed brigade of the Lal Masjid set up defensive posts on the road outside the mosque from on Saturday in case of attack from the law enforcement agencies. In a fresh development, the stick-wielding students of the Jamia Hafsa and Lal Masjid establish
Published 01 Jul, 2007 12:00am
Final voters' list likely by first week of September

Final voters' list likely by first week of September

Final voters' list is likely to be displayed by first week of September at more than 45,000 centres across the country, said Secretary Election Commission of Pakistan, Kanwar Muhammad Dilshad on Saturday. However, missing voters would have right to get th
Published 01 Jul, 2007 12:00am
Malir River rising, Dumlottee wells overflowing

Malir River rising, Dumlottee wells overflowing

The water level in the Malir River basin and Dumlottee wells area has registered an increase of 10 to 20 feet. It may be mentioned here that water is also pumped from the Dumlottee water wells by the KWSB besides the water supply from river Sindh via the
Published 01 Jul, 2007 12:00am
Majyd as acting PJBF chief

Majyd as acting PJBF chief

Vice President of Pakistan-Japan Business Forum (PJBF), Majyd Aziz has taken over as acting President of PJBF in the absence of President Abdul Kader Jaffer and Senior Vice President Masahiru Domichi. He would also preside over the executive committee mee
Published 01 Jul, 2007 12:00am
Two injured in bomb blast

Two injured in bomb blast

Two persons were injured when a powerful bomb exploded at a bus station in Peshawar on Saturday, police said. It was not immediately clear who had planted the bomb under a bus, said local police official Fazal Mola Khan. Police were investigating, Khan sa
Published 01 Jul, 2007 12:00am
Workshop on public procurement rules held

Workshop on public procurement rules held

A workshop was held at a hotel here to train procurement officials of various Federal and Sindh governments on the Public Procurement Regulatory Authority (PPRA) rules 2004. Transparency International-Pakistan (TI-P) in collaboration with the PPRA and the
Published 01 Jul, 2007 12:00am
PPP meeting in second week

PPP meeting in second week

Pakistan People's Party (PPP) chairperson Benazir Bhutto has convened a joint meeting of central executive, federal & provincial councils, district presidents and ticket seekers for next general elections. The meeting is schedule to be held in London in t
Published 01 Jul, 2007 12:00am
Nawaz for level playing field to all contestants

Nawaz for level playing field to all contestants

PML-N leader and former prime minister Nawaz Sharif has called for holding general elections in the country in a fair, free and transparent manner besides providing level playing field to all the contestants. He stated this while talking to a delegation o
Published 01 Jul, 2007 12:00am
Opposition terms CDGK budget as illegal, threatens legal action

Opposition terms CDGK budget as illegal, threatens legal action

The opposition, rejecting the 2007-08 budget of the City District Government Karachi (CDGK) as "illegal" and "unilateral," has threatened to take legal action against the CDGK. Saeed Ghani of Awam Dost panel and Rafique Ahmad of Al-Khidmat called a press
Published 01 Jul, 2007 12:00am
CDGR launches billboards removal drive from today

CDGR launches billboards removal drive from today

The City District Government Rawalpindi (CDGR) has decided to lodge attempt to murder FIR against the advertisers and house-owners who resist the operation for removal of billboards from rooftops in Rawalpindi city and Cantonment area.
Published 01 Jul, 2007 12:00am
186 voters' list display centres

186 voters' list display centres

The Election Commission has displayed new voter lists at 186 display centres in Bahawalpur city, it was officially stated here on Saturday. People have been asked to visit these centres to verify their names in the voter lists, said a press release issued
Published 01 Jul, 2007 12:00am
Rains disrupt already paralysed city life

Rains disrupt already paralysed city life

The second spell of monsoon rains on Saturday again played havoc with the city, inundating roads, streets and residential areas and disrupting traffic in many part of the city for several hours. As soon the rain started, major parts of the metropolis rema
Published 01 Jul, 2007 12:00am
Widespread rains, gusty winds forecast

Widespread rains, gusty winds forecast

At a speed of 100 to 140 km/hour at some places, are expected in Punjab during the next 48 hours. This could cause massive damage to kacha houses, uprooting trees, felling poles and billboards, and heavy flooding.
Published 01 Jul, 2007 12:00am
CBR transfers and postings

CBR transfers and postings

The Central Board of Revenue (CBR) has transferred and posted 15 senior officials, of Grade-20, of income tax group, with immediate effect.
Published 01 Jul, 2007 12:00am
Telenor cellular network to be expanded

Telenor cellular network to be expanded

Telenor Pakistan will expand its cellular network to more parts of the Northern Areas and Chitral from July 1 (today). The company had launched its services in Chitral and two districts of the Northern Areas-Gilgit, Skardu and it would expand network furt
Published 01 Jul, 2007 12:00am
Over 20,000 stranded in Kachho area

Over 20,000 stranded in Kachho area

More than 20,000 people of 200 villages in Kachho area of Dadu district are still stranded due to fresh rains and flood in Gaj Naen (mountain river) with no communication with outside world. People were not getting sufficient food for survival and there w
Published 01 Jul, 2007 12:00am
HDS starts relief work

HDS starts relief work

The Human Development Society (HDS) has started relief work in the rain-affected villages of Sindh and Balochistan by setting up medical camp at Dadar, Dera Murad Jamali, Turbat, Gawadar, Pasni and other areas of Balochistan.
Published 01 Jul, 2007 12:00am
Two killed, 20 hurt in road accident

Two killed, 20 hurt in road accident

The driver of a bus and a five-year-old boy were killed and 20 others were injured after their vehicle overturned on the National Highway near Rasoolabad on Friday evening. The driver, Nek Zaman (40), applied emergency brakes to avoid a collision with a s
Published 01 Jul, 2007 12:00am
CAD-CAM centre set up in Sialkot

CAD-CAM centre set up in Sialkot

Technology Upgradation and Skill Development Company (Tusdec) has set up Computer Aided Design (CAD), Computer Aided Manufacturing (CAM) centre in Sialkot.
Published 01 Jul, 2007 12:00am
Institute of Health Management Sciences in Karachi soon

Institute of Health Management Sciences in Karachi soon

Dow University of Health Sciences has finalised its plan to establish an Institute of Health Management Sciences offering Masters in Hospital Administration and Pharmaceutical Management respectively. Professor Masood Hameed, Vice Chancellor of Dow Univer
Published 01 Jul, 2007 12:00am
Alarming surge in gastro-enteritis cases

Alarming surge in gastro-enteritis cases

Cases of gastro-enteritis continue to register a steady surge in all parts of the province, Deputy Secretary for Public Health Sindh, Dr Shakil Malik told APP here on Saturday. The official responsible to compile data on daily basis said that 731 gastro-e
Published 01 Jul, 2007 12:00am
'Veterinary doctors being posted in 80 districts'

'Veterinary doctors being posted in 80 districts'

Federal minister for Food, Agriculture and Livestock Sikandar Hayat Bosan said on Saturday that veterinary doctors are being posted in 80 districts of the country under a programme worth Rs 1.69 billion, to promote the livestock sector.
Published 01 Jul, 2007 12:00am
Developed after 1985: Punjab katchi abadies to get proprietary rights

Developed after 1985: Punjab katchi abadies to get proprietary rights

Punjab Chief Secretary Salman Siddique has said the residents of 385 katchi abadies developed throughout the province after 1985, would be given proprietary rights. He expressed these views while presiding over a high-level meeting of the DCOs from across
Published 01 Jul, 2007 12:00am
21 percent increase in school enrolment

21 percent increase in school enrolment

Owing to successful educational policy of the Punjab government, the enrolment rate of students has increased by 21 percent in schools while the provincial educational budget has also been enhanced by 11 times during the last four years.
Published 01 Jul, 2007 12:00am
Rs 45,695.58 million tax-free CDGK budget approved

Rs 45,695.58 million tax-free CDGK budget approved

The city council on Saturday approved amid uproar by the opposition Rs 45,695.58 million surplus budget for 2007-08 fiscal year. The budget, presented by Karachi Nazim Syed Mustafa Kamal, with a 26 percent increase in volume, includes Rs 2054.57 million f
Published 01 Jul, 2007 12:00am
Rs 45,695.58 million tax-free CDGK budget approved

Rs 45,695.58 million tax-free CDGK budget approved

The city council on Saturday approved amid uproar by the opposition Rs 45,695.58 million surplus budget for 2007-08 fiscal year. The budget, presented by Karachi Nazim Syed Mustafa Kamal, with a 26 percent increase in volume, includes Rs 2054.57 million f
Published 01 Jul, 2007 12:00am
Registration date extended

Registration date extended

Punjab University has extended the last date of registration for the external candidates who want to appear in B.A/B.Sc annual examinations 2008 up to 31st July 2007. The University registrar on Saturday has asked candidates to register themselves before
Published 01 Jul, 2007 12:00am
IBP announces ISQ results

IBP announces ISQ results

The Institute of Bankers Pakistan (IBP) announced the results of IBP Superior Qualification (ISQ) examination conducted during May 2007. The examination was held at 22 centres at various places including Abu Dhabi.
Published 01 Jul, 2007 12:00am
'Fish farming growth rate increased'

'Fish farming growth rate increased'

Minister for Fisheries Punjab Sardar Dariya Khan Gopang has said that by using the marginal land of the province, not only deficiency of protein in the human diet can be overcome but farmers can also get reasonable returns.
Published 01 Jul, 2007 12:00am
'Aik Hunar Aik Nagar' programme to be expanded

'Aik Hunar Aik Nagar' programme to be expanded

Federal Minister for Industries, Production and Special Initiatives Jahangir Khan Tareen will review "Aik Hunar, Aik Nagar" (Ahan) programme, initiated by the Small and Medium Enterprise Development Authority (Smeda) for up-gradation of the non-farm enter
Published 01 Jul, 2007 12:00am
Ufone and Telenor to share infrastructure facilities

Ufone and Telenor to share infrastructure facilities

Ufone and Telenor Pakistan have signed a memorandum of understanding (MoU) on facilitating both operators to share their infrastructure (sites/towers) for 10 years with mutual consent. The MoU is the first of its kind between the two leading mobile phone
Published 01 Jul, 2007 12:00am
Three Supreme Court benches constituted for next week

Three Supreme Court benches constituted for next week

Acting Chief Justice Rana Bhagwandas has constituted three benches of the Supreme Court (SC) including 13-member larger bench for the next week, starting from July 2 for the hearing of hundreds of cases at Islamabad.
Published 01 Jul, 2007 12:00am
Allotment of KPT land: Court defers judgement to Monday

Allotment of KPT land: Court defers judgement to Monday

The Accountability Court-I, Karachi, Judge Syed Aale Maqbool Rizvi on Saturday deferred judgement to July 2 in a reference filed by National Accountability Bureau against Sindh Assembly Speaker Muzaffar Hussain Shah, Rasool Bux Rahoo and others in 'illega
Published 01 Jul, 2007 12:00am
Nishtar Park blast suspects remanded to judicial custody

Nishtar Park blast suspects remanded to judicial custody

The Administrative Judge of Anti Terrorism Court (ATC), Karachi Division, Justice Mrs Qaiser Iqbal, on Saturday remanded three suspects in Nishter Park bombing case to judicial custody up to July 9. Suspects Mufti Mohammad Zakir Hussain Siddiqui and Sulta
Published 01 Jul, 2007 12:00am
Police record computerisation by mid-2008: Suddle

Police record computerisation by mid-2008: Suddle

The computerisation of police record across the country would be completed by June 2008, while the record of police headquarters in four provinces has been computerised in the first phase, Director General National Police Bureau Dr Shoaib Suddle said here
Published 01 Jul, 2007 12:00am
Pakistani deprived of KD7000 in Kuwait

Pakistani deprived of KD7000 in Kuwait

A Pakistani man has filed a complaint with the Shuwaikh Industrial Area Police Station accusing an unidentified person of stealing KD 7,000 from his car, reports Al-Wasat daily.
Published 01 Jul, 2007 12:00am
Abductee recovered; seven alleged kidnappers held

Abductee recovered; seven alleged kidnappers held

Lyari police recovered one abductee Hameed and arrested seven persons in Gul Mohammad Lane, Kalakot, here on Saturday. The accused reportedly belong to Arshad Pappu and Majeed Speed groups.
Published 01 Jul, 2007 12:00am
SHC Chief Justice lauds HBL for better services

SHC Chief Justice lauds HBL for better services

Chief Justice Sabihuddin Ahmed of Sindh High Court has said that Habib Bank Limited (HBL) since its establishment has been performing tremendously by providing better services to its customers.
Published 01 Jul, 2007 12:00am
Milk cooling tanks for livestock farmers soon

Milk cooling tanks for livestock farmers soon

Punjab Minister for Livestock and Dairy Development, Syed Haroon Ahmad Sultan has said that the government would provide 660 milk cooling tanks having capacity of 1000 liters each through out the province.
Published 01 Jul, 2007 12:00am
Rush in banks for cash

Rush in banks for cash

There was big rush at most commercial bank branches in the city to draw cash. Sunday is weekly holiday and Monday July 2, 2007 will be closed for public dealings. All commercial branch managers of banks in the city were ensuring proper adjustment of loans
Published 01 Jul, 2007 12:00am
Legislators meet Punjab chief minister

Legislators meet Punjab chief minister

A delegation of Assembly Members and Nazims of Layyah called on Punjab Chief Minister, Chaudhry Pervaiz Elahi at Chief Minister's Secretariat, here today. District Nazim Layyah Malik Ghulam Haider Thind was also present on the occasion. Assembly Members a
Published 01 Jul, 2007 12:00am
Nato incursions

Nato incursions

Behind the thin veil of diplomatic niceties, the leaderships in Kabul and Islamabad nurture sharply conflicting perspectives on the US-led war against terrorists in the tribal region straddling the Pak-Afghan border.
Published 01 Jul, 2007 12:00am
Blair steps down

Blair steps down

"That is that. The end", said Tony Blair with an air of finality to his exit from politics on Wednesday, and left the House of Commons for a visit to the Queen to present his resignation. In fact, just the opposite was true: no such drama was justified.
Published 01 Jul, 2007 12:00am
Budget review: Benefits should be distributed equitably among all-II

Budget review: Benefits should be distributed equitably among all-II

As far as the exports are concerned, four major exporting industries textile, leather, surgical instruments and sports goods, are in crisis. In textile, even Bangladesh is showing improvement as compared to Pakistan. There are reports that 116 textile mil
Published 01 Jul, 2007 12:00am
Islamic unity

Islamic unity

Islamic unity and economic political co-operation among the Muslim countries is the greatest need of the Islamic world. The great Muslim thinkers like Jamal-Uddin Afghani and Allama Iqbal enlivened this great concept which came to be named pan-Islamism.
Published 01 Jul, 2007 12:00am
A series of references

A series of references

During the last few days one has witnessed a series of reference starting right from the President's reference against the Chief Justice of Pakistan to the ones against Imran Khan by MQM and the Parliamentary Affairs Minister Dr Sher Afgan and then agains
Published 01 Jul, 2007 12:00am
Sinai Bedouin silent no more, demand justice

Sinai Bedouin silent no more, demand justice

The men gathered around the fire under a clear sky studded with stars. Youssef Ali had checked on his loaded Kalashnikov rifle as he prepared to spend another night in the desert, his home for the past six years. "I don't sleep without my Kalashnikov next
Published 01 Jul, 2007 12:00am
100 'Ahan' projects to be implemented by 2008-end

100 'Ahan' projects to be implemented by 2008-end

A total of 100 'Aik Hunar Aik Nagar' (Ahan) projects would be implemented in two years, ie, by the end of 2008. The 'Ahan', a rural enterprises modernisation project, was initiated by the Small and Medium Enterprises Development Authority (Smeda) followin
Published 01 Jul, 2007 12:00am
Budget 2007-08 42 percent urban population dissatisfied

Budget 2007-08 42 percent urban population dissatisfied

Almost 42 percent of Pakistan's urban population dissatisfied with the 2007-08 fiscal budget recently announced by the government. In a survey conducted by the Gallup Pakistan it has revealed that majority 42 percent of Pakistan's urban population express
Published 01 Jul, 2007 12:00am
US kills 26 in Baghdad; six die in suicide attack

US kills 26 in Baghdad; six die in suicide attack

US troops killed about 26 suspected militants in Baghdad's Sadr City on Saturday in one of the fiercest clashes in the Shia stronghold since the 2003 US-led invasion of Iraq. Residents of the east Baghdad slum district, a bastion of fiery Shia cleric Moqt
Published 01 Jul, 2007 12:00am
Two US soldiers charged on Iraq murder

Two US soldiers charged on Iraq murder

The US military said on Saturday it had charged two US Army soldiers with the "premeditated murder" of three Iraqis. The alleged killings took place in separate incidents in the religiously mixed town of Iskandariya, south of Baghdad, between April and Ju
Published 01 Jul, 2007 12:00am
Three die in Mumbai rains

Three die in Mumbai rains

Heavy rains across India on Saturday left thousands of Hindu pilgrims stranded in Kashmir and killed three people in Mumbai, while at least eight fishermen were feared drowned off the stormy southern coast.
Published 01 Jul, 2007 12:00am
Two Palestinians killed in air strike

Two Palestinians killed in air strike

An Israeli aircraft fired at a vehicle in the Gaza Strip on Saturday, killing two militants, a rescue worker and Hamas security source said. An Israeli military spokesman confirmed there was an air strike in Gaza but gave no further details. A Hamas secur
Published 01 Jul, 2007 12:00am
Car explodes at Scottish airport

Car explodes at Scottish airport

A four-wheel-drive vehicle crashed into the main terminal at Glasgow airport on Saturday and exploded in flames, a day after police foiled a possible al Qaeda plot to detonate two car bombs in central London. A Glasgow police spokeswoman said there were n
Published 01 Jul, 2007 12:00am
IAEA team to visit Iran on July 11-13

IAEA team to visit Iran on July 11-13

A team from the UN nuclear watchdog will visit Iran on July 11-13 to discuss how to resolve questions about Tehran's disputed nuclear activities, an Iranian official was quoted as saying on Saturday.
Published 01 Jul, 2007 12:00am
Pope sends letter for China's Catholics dialogue

Pope sends letter for China's Catholics dialogue

Pope Benedict on Saturday called on China to lift restrictions on religious freedom that "suffocate" the Church and sow divisions among Catholics, in his most significant address on China to date.
Published 01 Jul, 2007 12:00am
Protesters, police scuffle in Hong Kong

Protesters, police scuffle in Hong Kong

Democracy activists scuffled with police in Hong Kong on Saturday as they sought to air their grievances with Chinese President Hu Jintao, visiting the former British colony on the 10th anniversary of its return to China.
Published 01 Jul, 2007 12:00am
Uganda government, LRA sign peace deal

Uganda government, LRA sign peace deal

Uganda's government and Lord's Resistance Army (LRA) rebels have signed the third phase of a five-stage peace deal aiming to end two decades of conflict in the country's northern region, the rebel group said on Saturday.
Published 01 Jul, 2007 12:00am
Mauresmo, Sharapova shine in Wimbledon rains

Mauresmo, Sharapova shine in Wimbledon rains

Champion Amelie Mauresmo shone amid the rain clouds on Wimbledon's Centre Court with a 6-1 6-2 victory over Italian Mara Santangelo inthe third round on Saturday. Earlier, Maria Sharapova squeezed in a victory between downpours at Wimbledon, beating Ai Su
Published 01 Jul, 2007 12:00am
Ramdin rapped by ICC for dissent

Ramdin rapped by ICC for dissent

West Indies wicket-keeper Denesh Ramdin has been reprimanded by the International Cricket Council (ICC) after showing dissent at an umpire's decision during the second Twenty20 international against England here at The Oval.
Published 01 Jul, 2007 12:00am
India character enthuses Dravid

India character enthuses Dravid

India captain Rahul Dravid has been heartened by the resilience his side have shown in the run-up to Sunday's one-day international (ODI) series finale against South Africa here at Stormont. On the eve of Tuesday's opening match of a three-game encounter
Published 01 Jul, 2007 12:00am
Wie pulls out of US Women's Open

Wie pulls out of US Women's Open

Michelle Wie withdrew from the US Women's Open after nine holes of her second round on Saturday because of her injured wrist. The 17-year-old American, who is enduring a miserable season, had shot 82 in the first round of the women's major and went out in
Published 01 Jul, 2007 12:00am
Shah delighted to make mark at last

Shah delighted to make mark at last

Owais Shah hopes the unbeaten 55 with which he helped England to victory in the second Twenty20 international against West Indies at The Oval can be the start of greater things. The 28-year-old Middlesex batsman had played two Tests and 18 one-day interna
Published 01 Jul, 2007 12:00am
Rain stops play at Wimbledon

Rain stops play at Wimbledon

Rain stopped play at Wimbledon on Saturday after only 75 minutes of action on the sixth day of the grasscourt championships. Following an initial four-hour delay, champion Amelie Mauresmo and second seed Maria Sharapova were the only players able to compl
Published 01 Jul, 2007 12:00am
Aisam included in POA's athletics commission

Aisam included in POA's athletics commission

Tennis star Aisam-ul-Haq who has shown outstanding performance in the Wimbledon event has been included in the Pakistan Olympics Association (POA)'s Athletics Commission. This was stated by Pakistan Olympics Association (POA) President Lieutenant General
Published 01 Jul, 2007 12:00am
U-15 Football: Sindh Red beat Crown Club

U-15 Football: Sindh Red beat Crown Club

Two-times champion Sindh Red overwhelmed Khanewal's Crown Club 2-0 in the sixth edition of National U-15 Football Championship 2007 under floodlights at grassy Shabbir Stadium inside Khanewal District Sports Complex on Friday night.
Published 01 Jul, 2007 12:00am
Taiwan dollar firms

Taiwan dollar firms

The Taiwan dollar reversed earlier losses to end higher on Friday as the central bank stepped into the market to sell US dollars, joining exporters and foreign funds. The Taiwan dollar, which rose strongly in the final minutes of trade, ended at T$32.735
Published 01 Jul, 2007 12:00am
Emerging currencies just off highs

Emerging currencies just off highs

Emerging currencies hovered just off recent multi-week highs on Friday, underpinned by a relatively neutral statement from the US Federal Reserve, yen weakness and healthy equity markets. Emerging markets had rebounded on Thursday, with many currencies ri
Published 01 Jul, 2007 12:00am
South Korea won hits six-week high

South Korea won hits six-week high

The South Korean won hit a six-week high against the dollar on Friday, boosted by month-end exporter demand and as diminished risk aversion prompted appetite for Asian emerging currencies. The country's current account also turned to a small surplus, prov
Published 01 Jul, 2007 12:00am
Dollar falls versus euro

Dollar falls versus euro

The dollar fell against the euro and yen on Friday, the last trading day of the quarter, with investors shunning the currency ahead of a holiday-shortened week in the United States. Demand for the dollar has been waning since Thursday, when the Federal Re
Published 01 Jul, 2007 12:00am
Dollar slide may continue in holiday week

Dollar slide may continue in holiday week

The dollar is likely to extend its slide versus the euro into next week, especially if June jobs growth comes in below expectations and high-yielding currencies remain in demand. The European Central Bank is expected to leave benchmark lending rates uncha
Published 01 Jul, 2007 12:00am
Soft data knocks Canadian dollar down

Soft data knocks Canadian dollar down

The Canadian dollar ended lower against the greenback on Friday, as weaker than expected domestic data knocked the currency from a 30-year high. Bond prices rose, as weak gross domestic product numbers from April caused many to question whether back-to-ba
Published 01 Jul, 2007 12:00am
US stocks finish lower

US stocks finish lower

US stocks fell on Friday as banks and brokers retreated on concerns about the impact of tightening credit on take-overs and the subprime mortgage industry. Early gains evaporated as oil rose to $71 a barrel and investors booked profits before the quarter'
Published 01 Jul, 2007 12:00am
Mexican stocks up

Mexican stocks up

Mexican stocks closed higher on Friday after a benign US inflation reading supported views that the US Federal Reserve will not have to raise interest rates. The benchmark IPC stock index rose 0.23 percent to 31,151.05 points.
Published 01 Jul, 2007 12:00am
Brazil stocks surge

Brazil stocks surge

Brazil's stocks gained on Friday and the national currency edged lower as monthly trade came to a close and concerns eased about possible rises in US interest rates, which would cut demand for emerging market assets. The Bovespa index of the Sao Paulo Sto
Published 01 Jul, 2007 12:00am
RIM, oils power Toronto stock index up

RIM, oils power Toronto stock index up

The Toronto Stock Exchange's main index spiked more than 190 points on Friday as higher oil prices and a blockbuster earnings report from BlackBerry maker Research In Motion Ltd drove the rally. The S&P/TSX composite index gained 190.90 points, or 1.39 pe
Published 01 Jul, 2007 12:00am
Argentine stocks decline

Argentine stocks decline

Argentine stocks fell on Friday as investors repositioned portfolios ahead of a quarterly change in the composition of the blue chip index, while bonds ended roughly steady, traders said. The MerVal index of 16 leading stocks dropped 1.13 percent to close
Published 01 Jul, 2007 12:00am
European Stocks: eyes on economic data

European Stocks: eyes on economic data

A virtually empty European corporate diary suggests that economic data and the outlook for interest rates will be the main focus for investors next week, equity strategists said on Friday, predicting more volatility.
Published 01 Jul, 2007 12:00am
MF Global poised for $4 billion IPO

MF Global poised for $4 billion IPO

Man Group, the world's largest listed hedge fund group, is set to stage what will likely be the second-largest IPO on a US exchange so far this year when it spins off its US brokerage arm, MF Global, next month. The offering could raise about $3.8 billion
Published 01 Jul, 2007 12:00am
MF Global poised for $4 billion IPO

MF Global poised for $4 billion IPO

Man Group, the world's largest listed hedge fund group, is set to stage what will likely be the second-largest IPO on a US exchange so far this year when it spins off its US brokerage arm, MF Global, next month. The offering could raise about $3.8 billion
Published 01 Jul, 2007 12:00am
Inflation dip sparks US Treasury rally

Inflation dip sparks US Treasury rally

US Treasury debt rallied on Friday as underlying inflation retreated, but the bond market still posted its worst quarter in over a year. Investors were encouraged by a decline in a key measure of inflation, which fell beneath the top of the Federal Reserv
Published 01 Jul, 2007 12:00am
Inflation dip sparks US Treasury rally

Inflation dip sparks US Treasury rally

US Treasury debt rallied on Friday as underlying inflation retreated, but the bond market still posted its worst quarter in over a year. Investors were encouraged by a decline in a key measure of inflation, which fell beneath the top of the Federal Reserv
Published 01 Jul, 2007 12:00am
Chile stocks hit record high

Chile stocks hit record high

News of merger talk between Banco de Chile and Citibank powered Chilean stock indexes to record closing highs on Friday. The value weighted IGPA index rose 1.0 percent to 15,118.35 points, while the trade weighted blue chip IPSA index advanced 0.89 percen
Published 01 Jul, 2007 12:00am
US corporate bonds finish weaker

US corporate bonds finish weaker

US corporate bonds ended the week weaker on Friday as struggles by some issuers selling debt to finance leveraged buyouts weighed on spreads and investors closed out positions ahead of the Independence Day holiday next week.
Published 01 Jul, 2007 12:00am
US corporate bonds finish weaker

US corporate bonds finish weaker

US corporate bonds ended the week weaker on Friday as struggles by some issuers selling debt to finance leveraged buyouts weighed on spreads and investors closed out positions ahead of the Independence Day holiday next week.
Published 01 Jul, 2007 12:00am
Emerging debt returns plunge

Emerging debt returns plunge

Emerging debt returns plunged more than 2 percent in June, their worst performance in 13 months, hurt by concerns about the US subprime mortgage market and a spike in Treasuries yields. The sell-off slashed almost all of emerging debt gains in the first h
Published 01 Jul, 2007 12:00am
Emerging debt returns plunge

Emerging debt returns plunge

Emerging debt returns plunged more than 2 percent in June, their worst performance in 13 months, hurt by concerns about the US subprime mortgage market and a spike in Treasuries yields. The sell-off slashed almost all of emerging debt gains in the first h
Published 01 Jul, 2007 12:00am
Thousands of tech faithful snap up first iPhones

Thousands of tech faithful snap up first iPhones

Thousands of US gadget fans flocked to stores on Friday to be the first buyers of Apple's iPhone, a music-playing and Web-browsing device expected to shake up the mobile industry. Crowds lined up at some of Apple's outlets cheered as their doors opened at
Published 01 Jul, 2007 12:00am
Net new German borrowing to fall sharply

Net new German borrowing to fall sharply

German Finance Minister Peer Steinbrueck was quoted as saying on Friday that net new borrowing would fall to under 13 billion euros next year and the country would have a budget surplus no later than 2011.
Published 01 Jul, 2007 12:00am
Saudi Arabia bourse watchdog penalises investors, traders

Saudi Arabia bourse watchdog penalises investors, traders

Saudi Arabia's bourse watchdog has fined two traders from the kingdom's largest brokerage and two investors a total 410,000 riyals ($109,333) for violating trading regulations, it said on Saturday.
Published 01 Jul, 2007 12:00am
Teachers group wins $48.5 billion race for BCE

Teachers group wins $48.5 billion race for BCE

BCE Inc, Canada's largest telecommunications group, has agreed to a C$51.7 billion ($48.5 billion) offer from a group including the Ontario Teachers Pension Plan, in what the purchasers said was the largest buyout in Canadian corporate history.
Published 01 Jul, 2007 12:00am
'BoJ should act promptly'

'BoJ should act promptly'

The Bank of Japan (BoJ) should promptly take action on the country's economy once it confirms that growth is set to continue, board member Hidetoshi Kamezaki said in a newspaper interview published on Saturday. Recent economic data releases have strengthe
Published 01 Jul, 2007 12:00am
Bangladesh cuts imports duties in latest budget

Bangladesh cuts imports duties in latest budget

Bangladesh has reduced import duties on a wide range of products in its 2007/08 (July-June) budget, at a cost of more than 4.0 billion taka, officials said on Saturday. The 871.37 billion taka ($12.6 billion) national budget effective from July 1, focused
Published 01 Jul, 2007 12:00am
California lawmakers plan $104 billion general fund budget

California lawmakers plan $104 billion general fund budget

A committee of California lawmakers approved on Friday a budget plan based on a $104 billion general fund for the state's next fiscal year, but it is unlikely the full legislature will endorse it by the fiscal year's start on Sunday, lawmakers said.
Published 01 Jul, 2007 12:00am
US House Democrats rebuff Bush on trade deals

US House Democrats rebuff Bush on trade deals

US House of Representatives Democratic leaders quashed White House hopes late Friday for quick renewal of "fast track" trade negotiating authority and said they cannot support trade pacts negotiated with South Korea and Colombia.
Published 01 Jul, 2007 12:00am
US and South Korea sign free trade accord

US and South Korea sign free trade accord

The United States and South Korea on Saturday signed a free trade agreement facing a tough battle in the US Congress because of Democratic Party concerns that it will cost jobs in the US auto industry. The pact is the biggest such US deal since the North
Published 01 Jul, 2007 12:00am
US stocks post solid second quarter gains

US stocks post solid second quarter gains

US stock indexes rose in the second quarter of 2007, with the Dow industrials putting in the best performance since 2003, thanks to gains in the energy sector and an economy that stabilised. The Dow Jones industrial average gained 8.5 percent in the three
Published 01 Jul, 2007 12:00am
AT&T to buy Dobson for $2.8 billion

AT&T to buy Dobson for $2.8 billion

US telecommunications company AT&T Inc said late Friday it will buy rural wireless carrier Dobson Communications Corp, for $2.8 billion in cash to expand its reach in rural and suburban markets.
Published 01 Jul, 2007 12:00am
Conditions not right for trade deal: French minister

Conditions not right for trade deal: French minister

French Farm Minister Michel Barnier said on Saturday conditions were not right for a deal in global trade talks and that Europe had given far too much on agriculture in an effort to reach a deal.
Published 01 Jul, 2007 12:00am
Wesfarmers bids for Coles Australia

Wesfarmers bids for Coles Australia

A protracted bidding war for Australian retailer Coles Group Ltd closed on Saturday, with conglomerate Wesfarmers Ltd presenting a bid that could be worth up to A$19.7 billion ($16.7 billion) for the whole company. The deal would be the biggest take-over
Published 01 Jul, 2007 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 72,278 tonnes cargo including 48,411 tonnes import, 23,867 tonnes export cargo and 3,933 containers (TEUs) during last 24 hours ending at 0700 hours on Saturday.
Published 01 Jul, 2007 12:00am
China Merchants to invest in Shenzhen terminal

China Merchants to invest in Shenzhen terminal

Chinese port operator China Merchants Holdings (International) said on Tuesday it plans to buy a 14 percent stake in a US $954 million container terminal in China's southern boom city of Shenzhen.
Published 01 Jul, 2007 12:00am
Asian freight rates rebound on storm disruptions

Asian freight rates rebound on storm disruptions

Bulk freight rates for major Asian routes jumped 14 percent on Tuesday, reversing a two-week slide, on chronic congestion's at Australia's Newcastle port caused by bad weather.
Published 01 Jul, 2007 12:00am
Crude freights from Gulf near 3-1/2-year lows

Crude freights from Gulf near 3-1/2-year lows

The world's leading crude oil freight routes were closing on three-and-a-half year lows on Friday, as bulging ship supply, long-standing Opec cuts and high stocks in the United States dragged on rates.
Published 01 Jul, 2007 12:00am
Brazilian sugar vessels lineup falls

Brazilian sugar vessels lineup falls

The lineup of vessels waiting to load sugar in Brazilian ports fell to 37 ships from 41 last week, shipping agent Williams said on Thursday. In a weekly report, it said 26 vessels were lined up in the southern port of Santos, down from 32 last week.
Published 01 Jul, 2007 12:00am
CBoT wheat futures down

CBoT wheat futures down

Wheat futures at the Chicago Board of Trade closed lower on Friday, shedding 4 percent in value in a key reversal from multiyear highs set earlier in a wild, roller-coaster session, traders said.
Published 01 Jul, 2007 12:00am
US Midwest soyabean down

US Midwest soyabean down

Spot basis bids for soyabeans fell at processors and elevators around the US Midwest on Friday while corn was mostly unchanged, grain dealers said. Despite the lowered basis bids, cash prices for soyabeans were still sharply higher around the region after
Published 01 Jul, 2007 12:00am
US Plains HRW wheat mostly steady

US Plains HRW wheat mostly steady

US Plains hard red winter wheat basis bids were mostly steady Friday, with rains continuing to delay the harvest in parts of the Plains. A report issued Friday by an organisation for Kansas wheat growers demonstrated the wide variability seen in this year
Published 01 Jul, 2007 12:00am
Gulf soyabean offers fall, corn steady

Gulf soyabean offers fall, corn steady

US FOB Gulf soyabean basis offers fell only slightly as futures prices surged 5 percent on Friday on a bullish soya plantings number from the US Agriculture Department, traders said. Corn export premiums were steady to higher with strong export demand, bu
Published 01 Jul, 2007 12:00am
World oil prices hit ten-month peaks

World oil prices hit ten-month peaks

World oil prices hit ten-month peaks last week on US supply woes, while cocoa soared as investors reacted to unrest in major producer Ivory Coast. Lead prices, which were lifted by low global inventories, rocketed to a fresh record high above the price fo
Published 01 Jul, 2007 12:00am
New York sugar dips

New York sugar dips

Raw sugar futures settled mostly lower on Friday, pressured by late-day speculative selling after a session marked by rangebound dealings, while interest in July/October position rolling faded as the front-month was set to go off the board, brokers said.
Published 01 Jul, 2007 12:00am
NYBT cotton stocks rise

NYBT cotton stocks rise

Certificated cotton stocks deliverable against New York Board of Trade's (NYBOT) No 2 cotton futures contract as of June 28 totalled 706,960 (480-lb) bales, from 706,574 bales the previous session. There were 2,538 bales issued, 3,956 bales were awaiting
Published 01 Jul, 2007 12:00am
US gold up

US gold up

US gold futures erased gains to finish up just 50 cents on Friday, capping a volatile week, lifted by a weaker dollar and inflation worries on higher oil prices and a bullish report on agricultural commodities.
Published 01 Jul, 2007 12:00am
Soya soars

Soya soars

Soya futures at the Chicago Board of Trade surged 5 percent on Friday following the release of a bullish soya plantings number from the US Department of Agriculture, traders said. CBOT soya closed 1 to 40-1/4 cents per bushel higher, with July up 40-1/4 a
Published 01 Jul, 2007 12:00am
CBOT rough rice lowers

CBOT rough rice lowers

Rough rice futures at the Chicago Board of Trade were lower on Friday, weighed down by bearish data in the US Department of Agriculture's acreage report, traders said. A breakdown in corn futures also weighed on values. As of 11:15 am CDT (1615 GMT), July
Published 01 Jul, 2007 12:00am
New York coffee higher

New York coffee higher

US arabica coffee edged up to a higher close for the fourth straight day on Friday, continuing a gradual consolidation after falling sharply to a five-week low in the week, traders said.
Published 01 Jul, 2007 12:00am
Falling trend on Australian wool market

Falling trend on Australian wool market

Australian wool down 2.9 percent on week The Australian wool market finished 2.9 percent lower, on average, at sales in Sydney, Melbourne and Fremantle this week. The AWEX EMI fell by 25c (-2.6 percent), ending the week at 931c/kg clean.
Published 01 Jul, 2007 12:00am
MGE wheat futures gain

MGE wheat futures gain

Spring wheat futures on the Minneapolis Grain Exchange closed mostly higher on Friday after reaching a fresh multiyear peak on a bullish US spring wheat acreage estimate, traders said. Nearby months at times traded up the 30-cent daily trading limit.
Published 01 Jul, 2007 12:00am
US copper mostly higher

US copper mostly higher

US copper futures closed at a monthly high on Friday, with drawdown in global copper stockpiles and strike action providing the impetus for the midweek price rally, analysts said.
Published 01 Jul, 2007 12:00am
New York cocoa jumps to four-year peak

New York cocoa jumps to four-year peak

US outcry cocoa futures jumped in the session to settle higher on Friday on news of an attack on the plane of Ivory Coast's prime minister, dealers said. "First, there were some options in London that were expiring today," one trader said. "I think the sh
Published 01 Jul, 2007 12:00am
Masoor, masoor dal up on grain market

Masoor, masoor dal up on grain market

Modest trading was seen on the grain market at the last session of the out-going fiscal year 2006-07, dealers said. On the cereal side, masoor Australia gained Rs 400 to Rs 3800 and masoor dal followed suit and picked up Rs 300 to Rs 4400, dealers said. W
Published 01 Jul, 2007 12:00am
Egypt buys wheat

Egypt buys wheat

Egypt's main government wheat buyer said on Saturday it had bought 305,000 tonnes of wheat. Said el-Hefny, vice chairman of the General Authority for Supply Commodities (GASC), gave the breakdown of the purchases.
Published 01 Jul, 2007 12:00am
Firm trend persists on cotton market

Firm trend persists on cotton market

Firmness prevailed in the cotton market at the last day of the out-going fiscal year (2006-07) on Saturday as both buyers and sellers adopted the cautious attitudes after the rains in both Punjab and Sindh, dealers said.
Published 01 Jul, 2007 12:00am
Oil cake market rates

Oil cake market rates

The July vaida was unchanged while the December vaida was up on the forward cottonseed oilcake market on Saturday in process of trading, brokers said. The July vaida was unchanged at Rs 650.00 and closing was seen at the same level without any variation,
Published 01 Jul, 2007 12:00am
WCE canola sets fresh highs

WCE canola sets fresh highs

Winnipeg Commodity Exchange canola futures reached new contract highs on Friday after US soya futures soared, but the market later retraced gains on commercial hedges, traders said. "(There was) tremendous short covering in the market, taken over by great
Published 01 Jul, 2007 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 01 Jul, 2007 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm
Published 01 Jul, 2007 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Saturday (June 30, 2007).

Published 01 Jul, 2007 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Saturday (June 30, 2007).

Published 01 Jul, 2007 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Saturday (June 30, 2007).

Published 01 Jul, 2007 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Saturday (June 30, 2007).

Published 01 Jul, 2007 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Saturday (June 30, 2007).
Published 01 Jul, 2007 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Saturday (June 30, 2007).

Published 01 Jul, 2007 12:00am
World currencies and dollar

World currencies and dollar

Value of the dollar in terms of other world currencies as prevailing in the week ended on Saturday (June 30, 2007).

Published 01 Jul, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (June 30, 2007).

Published 01 Jul, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (June 30, 2007).

Published 01 Jul, 2007 12:00am
Iron, steel and other metal rates

Iron, steel and other metal rates

Iron, steel and other metal rates in rupees prevailing on the commodity markets in Karachi on Saturday (June 30, 2007).

Published 01 Jul, 2007 12:00am
Rates of Pipe Fittings

Rates of Pipe Fittings

Pipe fitting rates in rupees prevailing in the markets in Karachi on Saturday (June 30, 2007).

Published 01 Jul, 2007 12:00am
EFU funds rates

EFU funds rates

EFU Life Assurance Ltd announced that the Offer and Bid prices for the following funds effective from Monday July 02, 2007

Published 01 Jul, 2007 12:00am
EFU funds rates

EFU funds rates

EFU Life Assurance Ltd announced that the Offer and Bid prices for the following funds effective from Monday July 02, 2007

Published 01 Jul, 2007 12:00am
EFU funds rates

EFU funds rates

EFU Life Assurance Ltd announced that the Offer and Bid prices for the following funds effective from Monday July 02, 2007

Published 01 Jul, 2007 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended on Saturday (June 30, 2007).

Published 01 Jul, 2007 12:00am
THE RUPEE: dollar sheds 10 paisa at fiscal year end

THE RUPEE: dollar sheds 10 paisa at fiscal year end

The rupee ended the last day of the out-going fiscal year (2006-07) with a sharp gain of 10 paisa against dollar in the interbank market for buying and selling at Rs 60.36 and Rs 60.38, currency analysts said. The wonderful performance was seen in both th
Published 01 Jul, 2007 12:00am
THE RUPEE: dollar sheds 10 paisa at fiscal year end

THE RUPEE: dollar sheds 10 paisa at fiscal year end

The rupee ended the last day of the out-going fiscal year (2006-07) with a sharp gain of 10 paisa against dollar in the interbank market for buying and selling at Rs 60.36 and Rs 60.38, currency analysts said. The wonderful performance was seen in both th
Published 01 Jul, 2007 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Saturday (June 30, 2007).

Published 01 Jul, 2007 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Saturday (June 30, 2007).

Published 01 Jul, 2007 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Saturday (June 30, 2007).

Published 01 Jul, 2007 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Saturday (June 30, 2007).

Published 01 Jul, 2007 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Saturday (June 30, 2007).

Published 01 Jul, 2007 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (June 30, 2007).

Published 01 Jul, 2007 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (June 30, 2007).

Published 01 Jul, 2007 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (June 30, 2007).

Published 01 Jul, 2007 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Saturday (June 30, 2007) and for Sunday (July 01, 2007).
Published 01 Jul, 2007 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (June 30, 2007).

Published 01 Jul, 2007 12:00am
The Weather

The Weather

The weather report on Saturday (June 30, 2007) and the forecast for Sunday (July 01, 2007).
Published 01 Jul, 2007 12:00am
Rs 835 billion revenue collection target achieved

Rs 835 billion revenue collection target achieved

The Central Board of Revenue (CBR) has achieved the revenue collection target of Rs 835 billion for fiscal 2006-2007. It is learnt on Saturday that the target of direct taxes has been achieved.
Published 01 Jul, 2007 12:00am
Rs 835 billion revenue collection target achieved

Rs 835 billion revenue collection target achieved

The Central Board of Revenue (CBR) has achieved the revenue collection target of Rs 835 billion for fiscal 2006-2007. It is learnt on Saturday that the target of direct taxes has been achieved.
Published 01 Jul, 2007 12:00am
Rs 835 billion revenue collection target achieved

Rs 835 billion revenue collection target achieved

The Central Board of Revenue (CBR) has achieved the revenue collection target of Rs 835 billion for fiscal 2006-2007. It is learnt on Saturday that the target of direct taxes has been achieved.
Published 01 Jul, 2007 12:00am
Electricity crisis: Prime Minister asks KESC to come up with plan

Electricity crisis: Prime Minister asks KESC to come up with plan

Prime Minister Shaukat Aziz on Saturday has sought a report in one-week about KESC's plans to meet the energy demands of Karachi. Shaukat Aziz, in a meeting here at the Governor, directed the Water and Power Minister Liaqat Ali Jatoi to review the managem
Published 01 Jul, 2007 12:00am
Electricity crisis: Prime Minister asks KESC to come up with plan

Electricity crisis: Prime Minister asks KESC to come up with plan

Prime Minister Shaukat Aziz on Saturday has sought a report in one-week about KESC's plans to meet the energy demands of Karachi. Shaukat Aziz, in a meeting here at the Governor, directed the Water and Power Minister Liaqat Ali Jatoi to review the managem
Published 01 Jul, 2007 12:00am
Electricity crisis: Prime Minister asks KESC to come up with plan

Electricity crisis: Prime Minister asks KESC to come up with plan

Prime Minister Shaukat Aziz on Saturday has sought a report in one-week about KESC''s plans to meet the energy demands of Karachi. Shaukat Aziz, in a meeting here at the Governor, directed the Water and Power Minister Liaqat Ali Jatoi to review the manage
Published 01 Jul, 2007 12:00am
Heavy rains likely to lash Sindh and Punjab: 'next four days critical'

Heavy rains likely to lash Sindh and Punjab: 'next four days critical'

Flood Forecasting Bureau (FFB) has warned that the next four days are critical. Heavy rains in Punjab and Sindh can cause urban flooding in major cities, flash flood in canals, collapse of mud houses, washing away of kucha roads, flood in low lying areas,
Published 01 Jul, 2007 12:00am
Heavy rains likely to lash Sindh and Punjab: 'next four days critical'

Heavy rains likely to lash Sindh and Punjab: 'next four days critical'

Flood Forecasting Bureau (FFB) has warned that the next four days are critical. Heavy rains in Punjab and Sindh can cause urban flooding in major cities, flash flood in canals, collapse of mud houses, washing away of kucha roads, flood in low lying areas,
Published 01 Jul, 2007 12:00am
Rosneft debt plan sets 2010 EBITDA goal of $15 billion

Rosneft debt plan sets 2010 EBITDA goal of $15 billion

Russian state-controlled oil company Rosneft plans to slash its debt to $15 billion by 2010, its president said on Saturday, effectively setting a target of doubling operating profit in four years.
Published 01 Jul, 2007 12:00am
Venezuela's Chavez arrives in Iran on anti-US tour

Venezuela's Chavez arrives in Iran on anti-US tour

Venezuelan leader Hugo Chavez arrived in Tehran late Saturday for the third time during the presidency of Mahmoud Ahmadinejad, a fellow fiery critic of the US, Iranian television reported. Chavez was met at the airport by Iranian Industries Minister Ali-R
Published 01 Jul, 2007 12:00am
Foreign air strikes kill 65 Afghan civilians: mayor

Foreign air strikes kill 65 Afghan civilians: mayor

Anti-Taliban air strikes by US- and Nato-led forces in Afghanistan killed 65 villagers including children, a local official said Saturday, amid growing anger here over civilian deaths.
Published 01 Jul, 2007 12:00am
Destruction caused by cyclone: Pakistan needs no foreign aid: DG ISPR

Destruction caused by cyclone: Pakistan needs no foreign aid: DG ISPR

Pakistan needs no foreign assistance to meet the challenges of the disastrous cyclone and flood in the coastal areas of Balochistan and NWFP, said Major General Waheed Arshad, Director General of Inter-Services Public Relations (ISPR) here on Saturday.
Published 01 Jul, 2007 12:00am
Destruction caused by cyclone: Pakistan needs no foreign aid: DG ISPR

Destruction caused by cyclone: Pakistan needs no foreign aid: DG ISPR

Pakistan needs no foreign assistance to meet the challenges of the disastrous cyclone and flood in the coastal areas of Balochistan and NWFP, said Major General Waheed Arshad, Director General of Inter-Services Public Relations (ISPR) here on Saturday.
Published 01 Jul, 2007 12:00am
15,000 deaths if shifting of people wasn't advanced: Shaukat

15,000 deaths if shifting of people wasn't advanced: Shaukat

Prime Minister Shaukat Aziz on Saturday asked the government functionaries to adopt a pro-active approach to get prepared in advance for any natural calamity. He was chairing a high-level meeting to review the loss caused by the recent cyclone and the rel
Published 01 Jul, 2007 12:00am
15,000 deaths if shifting of people wasn't advanced: Shaukat

15,000 deaths if shifting of people wasn't advanced: Shaukat

Prime Minister Shaukat Aziz on Saturday asked the government functionaries to adopt a pro-active approach to get prepared in advance for any natural calamity. He was chairing a high-level meeting to review the loss caused by the recent cyclone and the rel
Published 01 Jul, 2007 12:00am
Easy dollar inflows enable rupee to resist sharp fall

Easy dollar inflows enable rupee to resist sharp fall

The rupee resisted sharp fall against dollar throughout last fiscal year 2006-07, currency analysts said. During the whole fiscal year, in the interbank market, the rupee shed 13 paisa against dollar for buying and selling at 60.20 and 60.22, they said.
Published 01 Jul, 2007 12:00am
Easy dollar inflows enable rupee to resist sharp fall

Easy dollar inflows enable rupee to resist sharp fall

The rupee resisted sharp fall against dollar throughout last fiscal year 2006-07, currency analysts said. During the whole fiscal year, in the interbank market, the rupee shed 13 paisa against dollar for buying and selling at 60.20 and 60.22, they said.
Published 01 Jul, 2007 12:00am
Easy dollar inflows enable rupee to resist sharp fall

Easy dollar inflows enable rupee to resist sharp fall

The rupee resisted sharp fall against dollar throughout last fiscal year 2006-07, currency analysts said. During the whole fiscal year, in the interbank market, the rupee shed 13 paisa against dollar for buying and selling at 60.20 and 60.22, they said.
Published 01 Jul, 2007 12:00am
SBP targets 10 million microfinance borrowers by 2013

SBP targets 10 million microfinance borrowers by 2013

The State bank of Pakistan is targeting 10 million borrowers of micro finance by 2013. This was stated by SBP Director on Microfinance and SMEs Qasim Nawaz while talking to Aaj Markets. He said that by 2010, three million borrowers would be reached
Published 01 Jul, 2007 12:00am
SBP targets 10 million microfinance borrowers by 2013

SBP targets 10 million microfinance borrowers by 2013

The State bank of Pakistan is targeting 10 million borrowers of micro finance by 2013. This was stated by SBP Director on Microfinance and SMEs Qasim Nawaz while talking to Aaj Markets. He said that by 2010, three million borrowers would be reached
Published 01 Jul, 2007 12:00am
SBP targets 10 million microfinance borrowers by 2013

SBP targets 10 million microfinance borrowers by 2013

The State bank of Pakistan is targeting 10 million borrowers of micro finance by 2013. This was stated by SBP Director on Microfinance and SMEs Qasim Nawaz while talking to Aaj Markets. He said that by 2010, three million borrowers would be reached
Published 01 Jul, 2007 12:00am
PC under fire for easing Fesco pre-qualification criterion

PC under fire for easing Fesco pre-qualification criterion

The Privatisation Commission (PC) is under fire for relaxing the pre-qualification criterion, specifically for the bidders of Faisalabad Electric Supply Company (Fesco), as its privatisation is being reactivated, official sources told Business Recorder
Published 01 Jul, 2007 12:00am
PC under fire for easing Fesco pre-qualification criterion

PC under fire for easing Fesco pre-qualification criterion

The Privatisation Commission (PC) is under fire for relaxing the pre-qualification criterion, specifically for the bidders of Faisalabad Electric Supply Company (Fesco), as its privatisation is being reactivated, official sources told Business Recorder
Published 01 Jul, 2007 12:00am
PC under fire for easing Fesco pre-qualification criterion

PC under fire for easing Fesco pre-qualification criterion

The Privatisation Commission (PC) is under fire for relaxing the pre-qualification criterion, specifically for the bidders of Faisalabad Electric Supply Company (Fesco), as its privatisation is being reactivated, official sources told Business Recorder
Published 01 Jul, 2007 12:00am
World market braces for cotton crisis: traders

World market braces for cotton crisis: traders

A serious cotton crisis is looming large in the world market as its prices have increased by 13 percent during the last one week in the wake of expected shortfall of the United States (US) cotton crop during current year, traders said on Saturday.
Published 01 Jul, 2007 12:00am
World market braces for cotton crisis: traders

World market braces for cotton crisis: traders

A serious cotton crisis is looming large in the world market as its prices have increased by 13 percent during the last one week in the wake of expected shortfall of the United States (US) cotton crop during current year, traders said on Saturday.
Published 01 Jul, 2007 12:00am
World market braces for cotton crisis: traders

World market braces for cotton crisis: traders

A serious cotton crisis is looming large in the world market as its prices have increased by 13 percent during the last one week in the wake of expected shortfall of the United States (US) cotton crop during current year, traders said on Saturday.
Published 01 Jul, 2007 12:00am
Taliban will soon spread across all of Pakistan: NYT

Taliban will soon spread across all of Pakistan: NYT

The United States has warned President Pervez Musharraf that without "swift and decisive action" Taliban will soon spread across all of Pakistan, The New York Times reported Saturday.
Published 01 Jul, 2007 12:00am
Taliban will soon spread across all of Pakistan: NYT

Taliban will soon spread across all of Pakistan: NYT

The United States has warned President Pervez Musharraf that without "swift and decisive action" Taliban will soon spread across all of Pakistan, The New York Times reported Saturday.
Published 01 Jul, 2007 12:00am
India to get Iranian gas by 2011

India to get Iranian gas by 2011

Fuel-hungry India will receive gas from energy-rich Iran via a multi-billion-dollar pipeline through Pakistan in four years, said an Iranian oil official in New Delhi. "The gas supply will start in 2011," said Ghanimi Fard, the Iranian Oil Ministry's spec
Published 01 Jul, 2007 12:00am
India to get Iranian gas by 2011

India to get Iranian gas by 2011

Fuel-hungry India will receive gas from energy-rich Iran via a multi-billion-dollar pipeline through Pakistan in four years, said an Iranian oil official in New Delhi. "The gas supply will start in 2011," said Ghanimi Fard, the Iranian Oil Ministry's spec
Published 01 Jul, 2007 12:00am
India to get Iranian gas by 2011

India to get Iranian gas by 2011

Fuel-hungry India will receive gas from energy-rich Iran via a multi-billion-dollar pipeline through Pakistan in four years, said an Iranian oil official in New Delhi. "The gas supply will start in 2011," said Ghanimi Fard, the Iranian Oil Ministry''s spe
Published 01 Jul, 2007 12:00am
North Korea reactor closure date needs six-way talks: IAEA

North Korea reactor closure date needs six-way talks: IAEA

The date when North Korea shuts its nuclear reactor now rests on discussions between it and five other countries that signed a disarmament deal, a UN nuclear watchdog official said on Saturday after talks in Pyongyang.
Published 01 Jul, 2007 12:00am
Kuwait names acting oil minister

Kuwait names acting oil minister

Kuwait's Electricity and Water Minister Mohammad al-Olaim was named acting oil minister of the Opec producer on Saturday after the resignation of Sheikh Ali al-Jarrah al-Sabah, the parliament speaker said.
Published 01 Jul, 2007 12:00am
Guantanamo judge rejects charges for Canadian

Guantanamo judge rejects charges for Canadian

A US military judge for the Guantanamo war crimes tribunals has refused to reinstate the charges against a Canadian prisoner accused of killing a US soldier in Afghanistan.
Published 01 Jul, 2007 12:00am
Navy continues rescue operations

Navy continues rescue operations

The Pak Navy is continuing its search and rescue operations alongside the coastal belt of Balochistan. An ISPR (Navy) statement here on Saturday said the relief activities have also been started in Gwadar and the surrounding areas.
Published 01 Jul, 2007 12:00am
Government not scared of opposition APC: Shujaat

Government not scared of opposition APC: Shujaat

President Pakistan Muslim League, Chaudhary Shujaat Hussain has said that the ruling party was least scared of the proposed All Parties Conference, which more probably prove to be a failure. He said all the decisions on the next election would be made in
Published 01 Jul, 2007 12:00am
Government strengthening provinces for strong Pakistan: Durrani

Government strengthening provinces for strong Pakistan: Durrani

Minister for Information and Broadcasting Muhammad Ali Durrani said on Saturday that strong federating units would form a strong federation, and the government was taking all possible steps to strengthen the federating units to form a strong Pakistan.
Published 01 Jul, 2007 12:00am
Autonomous provinces vital for strong federation: Mushahid

Autonomous provinces vital for strong federation: Mushahid

Pakistan Muslim League Secretary General Mushahid Hussain has said that strong and autonomous provinces are necessary for a strong Pakistan. In an interview with a private TV channel, he said that credit goes to the present government to take up the issue
Published 01 Jul, 2007 12:00am
UVAS and LDDB sign MoU to develop livestock sector

UVAS and LDDB sign MoU to develop livestock sector

The University of Veterinary and Animal Sciences (UVAS), Lahore, and the Livestock and Dairy Development Board (LDDB) have signed a memorandum of understanding (MoU) for collaboration to develop livestock sector in the country.
Published 01 Jul, 2007 12:00am
India sends home 43 Pakistani nationals

India sends home 43 Pakistani nationals

India Saturday sent home 43 Pakistani nationals who were lodged in Indian prisons for many years on charges of overstaying or straying across the border, an immigration official said. The group of 43 nationals were handed over to Pakistani officials at th
Published 01 Jul, 2007 12:00am
9,700 megawatts more through renewable energy by 2030: AEDB

9,700 megawatts more through renewable energy by 2030: AEDB

National grid would receive additional electricity of 9,700 megawatt (MW) through renewable energy by the year 2030, officials in Alternative Energy Development Board (AEDB) told Business Recorder on telephone from Islamabad.
Published 01 Jul, 2007 12:00am
9,700 megawatts more through renewable energy by 2030: AEDB

9,700 megawatts more through renewable energy by 2030: AEDB

National grid would receive additional electricity of 9,700 megawatt (MW) through renewable energy by the year 2030, officials in Alternative Energy Development Board (AEDB) told Business Recorder on telephone from Islamabad.
Published 01 Jul, 2007 12:00am
9,700 megawatts more through renewable energy by 2030: AEDB

9,700 megawatts more through renewable energy by 2030: AEDB

National grid would receive additional electricity of 9,700 megawatt (MW) through renewable energy by the year 2030, officials in Alternative Energy Development Board (AEDB) told Business Recorder on telephone from Islamabad.
Published 01 Jul, 2007 12:00am
SBP announces remuneration rate

SBP announces remuneration rate

State Bank of Pakistan (SBP) has announced that the rate of remuneration on 20 percent Special Cash Reserve Account (US dollars) maintained by banks/NBFI's (non-bank financial institutions) with the SBP for July will be 4.32 percent per year.
Published 01 Jul, 2007 12:00am
SBP announces remuneration rate

SBP announces remuneration rate

State Bank of Pakistan (SBP) has announced that the rate of remuneration on 20 percent Special Cash Reserve Account (US dollars) maintained by banks/NBFI's (non-bank financial institutions) with the SBP for July will be 4.32 percent per year.
Published 01 Jul, 2007 12:00am
SBP announces remuneration rate

SBP announces remuneration rate

State Bank of Pakistan (SBP) has announced that the rate of remuneration on 20 percent Special Cash Reserve Account (US dollars) maintained by banks/NBFI''s (non-bank financial institutions) with the SBP for July will be 4.32 percent per year.
Published 01 Jul, 2007 12:00am
44 bodies recovered, 250 missing in flood-hit areas

44 bodies recovered, 250 missing in flood-hit areas

A total of 44 bodies were recovered from different areas in flood-hit areas in Balochistan province on Saturday, BBC reported. Reports said that around 250 people are still missing.
Published 01 Jul, 2007 12:00am
44 bodies recovered, 250 missing in flood-hit areas

44 bodies recovered, 250 missing in flood-hit areas

A total of 44 bodies were recovered from different areas in flood-hit areas in Balochistan province on Saturday, BBC reported. Reports said that around 250 people are still missing.
Published 01 Jul, 2007 12:00am
Blazing jeep driven into British airport terminal

Blazing jeep driven into British airport terminal

A blazing Cherokee jeep smashed into the main terminal building at Scotland's Glasgow Airport on Saturday, police said, a day after two car bombings were foiled in central London. Police said two people were arrested in Saturday's incident at about 3:15 p
Published 01 Jul, 2007 12:00am
Blazing jeep driven into British airport terminal

Blazing jeep driven into British airport terminal

A blazing Cherokee jeep smashed into the main terminal building at Scotland's Glasgow Airport on Saturday, police said, a day after two car bombings were foiled in central London. Police said two people were arrested in Saturday's incident at about 3:15 p
Published 01 Jul, 2007 12:00am
Soomro sympathises with flood victims

Soomro sympathises with flood victims

Chairman Senate Mohammadmian Soomro and Acting Chairman Jan Muhammad Khan Jamali on Saturday expressed deep grief over the loss of life and damage to property caused by heavy rains and devastating floods in Sindh and Balochistan provinces. They expressed
Published 01 Jul, 2007 12:00am
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