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May 19, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2008-04-19
Yara upbeat as first-quarter soars past forecast, shares surge

Yara upbeat as first-quarter soars past forecast, shares surge

Norway's Yara, one of the world's biggest fertiliser groups, posted above-forecast first-quarter results on Friday and said short- and long-term prospects for its markets were sound, boosting its shares. Yara's shares were up 13.8 percent at 396.50 crowns
Published 19 Apr, 2008 12:00am
Yara upbeat as first-quarter soars past forecast, shares surge

Yara upbeat as first-quarter soars past forecast, shares surge

Norway's Yara, one of the world's biggest fertiliser groups, posted above-forecast first-quarter results on Friday and said short- and long-term prospects for its markets were sound, boosting its shares. Yara's shares were up 13.8 percent at 396.50 crowns
Published 19 Apr, 2008 12:00am
Welfare payments may swallow Bosnia region's budget

Welfare payments may swallow Bosnia region's budget

Bosnia's Muslim-Croat federation may spend its entire budget this year on social spending if the government maintains high levels of welfare payments, its finance minister warned on Friday. "The fiscal system has been jeopardised so much that there is a r
Published 19 Apr, 2008 12:00am
France Telecom defends TeliaSonera tie-up

France Telecom defends TeliaSonera tie-up

France Telecom defended its project to take over Nordic peer TeliaSonera on Friday as its shares hit an eight-month low on concerns the deal would be risky and destroy value. The French telecoms operator, which trades as Orange, said TeliaSonera would str
Published 19 Apr, 2008 12:00am
Euro backer's move may hit Polish convergence: central bank

Euro backer's move may hit Polish convergence: central bank

Poland's euro convergence plans may be harmed by the resignation of Deputy Finance Minister Stanislaw Gomulka, who was in charge of public finance reform, the central bank governor said on Friday. The governor's comments came as Gomulka, widely seen as de
Published 19 Apr, 2008 12:00am
Dubai's Nakheel profit surges on land sales

Dubai's Nakheel profit surges on land sales

Dubai-government owned property developer Nakheel, which is building palm-tree shaped islands in the Gulf, said profit last year surged almost five-fold to $1.28 billion after selling more land, and building fewer homes. Nakheel is capitalising on surging
Published 19 Apr, 2008 12:00am
Dubai's Nakheel profit surges on land sales

Dubai's Nakheel profit surges on land sales

Dubai-government owned property developer Nakheel, which is building palm-tree shaped islands in the Gulf, said profit last year surged almost five-fold to $1.28 billion after selling more land, and building fewer homes. Nakheel is capitalising on surging
Published 19 Apr, 2008 12:00am
AMD posts sixth straight quarterly net loss

AMD posts sixth straight quarterly net loss

Advanced Micro Devices Inc posted its sixth consecutive quarterly net loss on Thursday as the chip maker continued to lose market share to far larger rival Intel Corp. But AMD shares ticked higher in extended trading as the company said it expects second-
Published 19 Apr, 2008 12:00am
AMD posts sixth straight quarterly net loss

AMD posts sixth straight quarterly net loss

Advanced Micro Devices Inc posted its sixth consecutive quarterly net loss on Thursday as the chip maker continued to lose market share to far larger rival Intel Corp. But AMD shares ticked higher in extended trading as the company said it expects second-
Published 19 Apr, 2008 12:00am
RBS planning rights issue next week

RBS planning rights issue next week

Royal Bank of Scotland is set to announce a rights issue next week, an industry source said on Friday, in a move which analysts believe could raise over $20 billion and lead to similar action by other UK banks.
Published 19 Apr, 2008 12:00am
BG wins 20-year contract as sole Singapore LNG importer

BG wins 20-year contract as sole Singapore LNG importer

BG Group Plc won a 20-year exclusive contract to supply Singapore's planned liquefied natural gas (LNG) terminal on Friday, giving one of the world's most active LNG traders a long-term outlet in Asia.
Published 19 Apr, 2008 12:00am
Taiwan stocks slump

Taiwan stocks slump

Taiwan stocks fell 0.18 percent on Friday, after three sessions of gains, as shares of high-priced technology issues like chip designer Mediatek declined on slowing demand for mobile phones. The main TAIEX share index slipped 16.09 points to end at 9,074.
Published 19 Apr, 2008 12:00am
Hong Kong stocks decline

Hong Kong stocks decline

Hong Kong stocks slipped 0.3 percent on Friday, weighed down by a drop in Chinese stocks to a 12-month low on worries over high inflation, the outlook for corporate profits and a heavy supply of new shares.
Published 19 Apr, 2008 12:00am
US stocks finish flat on mixed earnings

US stocks finish flat on mixed earnings

The Dow and the S&P 500 closed little changed on Thursday as a strong performance by IBM took the sting out of cautious outlooks from eBay and United Technologies, allowing investors to hold onto gains racked up in a huge rally the previous session.
Published 19 Apr, 2008 12:00am
US Treasury bills down

US Treasury bills down

US Treasury debt prices fell on Thursday despite a dismal factory activity report amid signs that bond investors expect that the Federal Reserve may not cut interest rates much further. Yields, which move inversely to their prices, rose as market particip
Published 19 Apr, 2008 12:00am
US Treasury bills down

US Treasury bills down

US Treasury debt prices fell on Thursday despite a dismal factory activity report amid signs that bond investors expect that the Federal Reserve may not cut interest rates much further. Yields, which move inversely to their prices, rose as market particip
Published 19 Apr, 2008 12:00am
Malaysian shares rally

Malaysian shares rally

Malaysian share prices closed 0.9 percent higher on Friday as record crude oil prices supported palm oil stocks which led gains, dealers said. They said hopes that the government would scrap a windfall tax on crude palm oil (CPO) fuelled buying.
Published 19 Apr, 2008 12:00am
Jakarta shares surge

Jakarta shares surge

Indonesian share prices closed 0.3 percent higher for a fourth straight day on Friday but the main index lost most of its early gains on profit-taking in late trade, dealers said. The Jakarta Composite Index closed up 7.49 points at 2,349.27, off a high o
Published 19 Apr, 2008 12:00am
Nikkei stocks average ends at seven-week high

Nikkei stocks average ends at seven-week high

Japan's Nikkei stock average rose 0.6 percent to a seven-week closing high on Friday, with exporters such as Canon Inc advancing on a softer yen and receding pessimism about US business conditions. Still, caution prevailed in thin trade, as investors move
Published 19 Apr, 2008 12:00am
China stocks tumble

China stocks tumble

China's share market tumbled nearly 4 percent to a 12-month closing low on Friday as the biggest stock, PetroChina, dropped for the first time below its price in last October's Shanghai initial public offer.
Published 19 Apr, 2008 12:00am
Singapore shares drop

Singapore shares drop

Singapore share prices closed 0.05 percent lower on Friday in a cautious market following three consecutive sessions of gains, dealers said. The blue chip Straits Times Index slipped 1.43 points to 3,124.87 on volume of 1.18 billion shares worth 1.25 bill
Published 19 Apr, 2008 12:00am
Thai shares close flat

Thai shares close flat

Thai share prices closed flat on Friday as cautious investors sold stocks in a bout of short-term profit taking, dealers said. They said the Thai bourse fell slightly, in line with other regional markets such as Singapore and Hong Kong.
Published 19 Apr, 2008 12:00am
Yuan ends down versus dollar

Yuan ends down versus dollar

China's yuan ended down versus the dollar on Friday because of a relatively strong overseas performance of the US currency, as well as onshore demand for dollars before the latest hike in bank reserve ratios.
Published 19 Apr, 2008 12:00am
Dollar steadies, pessimism ebbs

Dollar steadies, pessimism ebbs

The dollar steadied against the yen and the euro on Friday, clinging to gains made the previous day as investors grew more confident about the outlook for the troubled US financial sector. The dollar has gained support as earnings reported by major US ban
Published 19 Apr, 2008 12:00am
Dollar gains as pessimism eases

Dollar gains as pessimism eases

The dollar posted gains on Thursday, as investors felt more confident about the outlook for the troubled financial sector, with US companies' earnings so far generally revealing no major negative surprises. The greenback also got a lift against the euro e
Published 19 Apr, 2008 12:00am
Australian dollar rises to recent highs

Australian dollar rises to recent highs

The Australian dollar inched up to near recent peaks on Friday, aided by better appetite for higher-yielding currencies and by expectations firm commodity prices will continue to help the country's terms of trade. Data released on Friday showed the value
Published 19 Apr, 2008 12:00am
Indian markets closed

Indian markets closed

Indian stock, bond and currency markets are closed on Friday for a local holiday. Trading resumes on Monday. Analysts at Goldman Sachs said pressures on the Indian rupee to gain would increase after the central bank unexpectedly raised the cash reserve ra
Published 19 Apr, 2008 12:00am
Most Asian currencies hold ground

Most Asian currencies hold ground

Most Asian currencies held steady on Friday as concerns over the troubled US financial sector eased, but the South Korean won hit a one-month low as investors covered short dollar positions.
Published 19 Apr, 2008 12:00am
Swiss franc edges higher

Swiss franc edges higher

The Swiss franc edged higher against the dollar on Friday following Thursday's comments by the Swiss National Bank that the Swiss economy was still strong and that any slowdown would be gradual. "The momentum of the economy is still very strong," SNB Chai
Published 19 Apr, 2008 12:00am
Asia Badminton Championship: Super Dan avenges Korea controversy

Asia Badminton Championship: Super Dan avenges Korea controversy

Chinese world number one Lin Dan avenged his controversial Korea Open defeat with a 21-12, 21-10 demolition of Lee Hyun-Il at the Asian Badminton Championships on Friday. The top seed, who hit the headlines over a shoving match in the Seoul final, mastere
Published 19 Apr, 2008 12:00am
Pakistan drop Yousuf for Twenty20

Pakistan drop Yousuf for Twenty20

Pakistan on Friday dropped experienced batsman Mohammad Yousuf for their first ever home Twenty20 international, against Bangladesh. The prolific Yousuf, 33, was also left out for Pakistan's Twenty20 World Cup campaign when they finished runners-up to Ind
Published 19 Apr, 2008 12:00am
Federer battles weather to advance in Estoril

Federer battles weather to advance in Estoril

Roger Federer battled changing weather which went from sun to rain and back before finally beating Portuguese Frederico Gil 6-4, 6-1 on Friday at the Estoril Open. A quarter-final twice interrupted by the unpredictable conditions sent the players off cour
Published 19 Apr, 2008 12:00am
Double trouble for beaten Bangladesh: fifth ODI to be played today

Double trouble for beaten Bangladesh: fifth ODI to be played today

Bangladesh's misery at slumping to their fourth defeat in four one-dayers against Pakistan was compounded on Thursday when they were fined for a slow over-rate and then saw opener Shahriar Nafees reprimanded for breaching the ICC Code of Conduct.
Published 19 Apr, 2008 12:00am
Curbs on release of photos: World news agencies boycott IPL tourney

Curbs on release of photos: World news agencies boycott IPL tourney

Top international news agencies have said they will not cover cricket's inaugural Indian Premier League (IPL), which started on Friday, due to curbs on the distribution of photographs. The IPL officials have prohibited news agencies from supplying photogr
Published 19 Apr, 2008 12:00am
Encryption technology has flaw: researchers

Encryption technology has flaw: researchers

Quantum cryptography, a new technology until now considered 100 percent secure against attacks on sensitive data traffic, has a flaw after all, Swedish researchers said Friday. "In computer terms, we've found a bug," said Jan-Aake Larsson, an associate pr
Published 19 Apr, 2008 12:00am
14 killed as Burundi rebels, army clash

14 killed as Burundi rebels, army clash

Rebels from Burundi's last active guerrilla group fired mortar bombs at government positions in clashes that killed 10 rebels and four soldiers, an army spokesman said on Friday.
Published 19 Apr, 2008 12:00am
Nigerian militants claim attack on Shell oil pipeline

Nigerian militants claim attack on Shell oil pipeline

The most prominent militant group in Nigeria's southern oil-producing region said Friday it had sabotaged a major oil supply pipeline belonging to Anglo-Dutch oil group Shell. The Movement for the Emancipation of the Niger Delta (MEND) said in a statement
Published 19 Apr, 2008 12:00am
Israel calls for bids for West Bank settlement housing

Israel calls for bids for West Bank settlement housing

Israel on Friday invited bids to further develop two settlements in the occupied West Bank, despite international calls to freeze such activity seen as a major obstacle to Middle East peace efforts. The housing ministry invited bidding for the constructio
Published 19 Apr, 2008 12:00am
Israel clears West Bank police posts

Israel clears West Bank police posts

Israel has agreed to a Palestinian request to reopen 20 police stations in the occupied West Bank as part of a security drive aimed at bolstering US-sponsored peace negotiations, officials said on Friday.
Published 19 Apr, 2008 12:00am
Mugabe denounces Britain in post-polls speech

Mugabe denounces Britain in post-polls speech

Zimbabwe President Robert Mugabe bitterly attacked former colonial ruler Britain on Friday in his first major speech since disputed elections, saying London was paying the population to turn against him.
Published 19 Apr, 2008 12:00am
EU to negotiate visa-free travel to US

EU to negotiate visa-free travel to US

EU nations agreed Friday to open negotiations as a bloc with Washington on visa-free US travel, after some eastern members sought their own bilateral deals. EU interior ministers, meeting in Luxembourg, gave a mandate to the European Commission to negotia
Published 19 Apr, 2008 12:00am
Son of Dutch military chief killed in Afghanistan

Son of Dutch military chief killed in Afghanistan

The son of the new chief of the Dutch military and another Dutch soldier serving with Nato-led forces were killed in an explosion in Afghanistan on Friday. Taliban insurgents claimed responsibility for the blast, which occurred at a time of rising violenc
Published 19 Apr, 2008 12:00am
Iraq will become 'fortress of Islam': Zawahiri

Iraq will become 'fortress of Islam': Zawahiri

Al Qaeda number two Ayman al-Zawahiri urged Muslims to make Iraq a "fortress of Islam" in an audio message marking the fifth anniversary of the US-led invasion. In a nearly 16 minute message posted on the Internet, Zawahiri accused Shia Iran of seeking to
Published 19 Apr, 2008 12:00am
US climate talks advance, but split on 2050 goals

US climate talks advance, but split on 2050 goals

Major economies made progress in defining the building blocks of a new UN deal to fight climate change in talks in Paris on Friday but with splits about whether to set a goal of halving greenhouse gas emissions by 2050.
Published 19 Apr, 2008 12:00am
Georgia lobbies Nato on 'dangerous' Russian move

Georgia lobbies Nato on 'dangerous' Russian move

Georgia held emergency talks with Nato and European Union allies on Friday, urging them to remain firm in pressing Russia to drop plans for closer ties with two rebel Georgian regions. Moscow announced on Wednesday it would establish legal links with Geor
Published 19 Apr, 2008 12:00am
Pope warns against undermining UN

Pope warns against undermining UN

Countries that act unilaterally on the world stage undermine the authority of the United Nations and weaken the broad consensus needed to confront global problems, Pope Benedict said on Friday.
Published 19 Apr, 2008 12:00am
Putin denies marriage rumours

Putin denies marriage rumours

Russian President Vladimir Putin denied Friday a newspaper report that he had divorced his wife Lyudmila and planned to marry a gymnastics champion. And he hit out at "those with snotty-noses and erotic fantasies" who delved into the private life of publi
Published 19 Apr, 2008 12:00am
Carter meets Assad, Hamas chief in Syria

Carter meets Assad, Hamas chief in Syria

Former US president Jimmy Carter met Hamas leader Khaled Meshaal in Damascus on Friday for talks expected to focus on ways to include the Islamist group in efforts to achieve Palestinian-Israeli peace.
Published 19 Apr, 2008 12:00am
Sterling surges

Sterling surges

Sterling surged broadly on Friday, hitting a 7-week high versus the yen and bounced off a record low versus the euro on speculation that a plan to ease mortgage market conditions would limit the scope of UK rate cuts.
Published 19 Apr, 2008 12:00am
Dollar climbs in London

Dollar climbs in London

The dollar hit a one-month high against the yen and pulled further away from a record low versus the euro on Friday after Citigroup surprised investors with earnings that were not as bleak as many had been expecting. This extended the euro's earlier slide
Published 19 Apr, 2008 12:00am
Asian bonds stay firmly

Asian bonds stay firmly

Asian bond spreads tightened for a third straight day on Friday, after Google became the latest US blue chip to post better-than-expected earnings, easing worries about the impact of a slowing US economy on the global corporate sector.
Published 19 Apr, 2008 12:00am
Asian bonds stay firmly

Asian bonds stay firmly

Asian bond spreads tightened for a third straight day on Friday, after Google became the latest US blue chip to post better-than-expected earnings, easing worries about the impact of a slowing US economy on the global corporate sector.
Published 19 Apr, 2008 12:00am
Friday's afternoon trade: market rallies, led by Google, Citi

Friday's afternoon trade: market rallies, led by Google, Citi

US stocks rose sharply on Friday as a strong profit from Google Inc fuelled a rally in the technology sector and as Citigroup Inc gave investors hope the credit crisis was nearing an end. Adding to investor enthusiasm, robust international sales helped ma
Published 19 Apr, 2008 12:00am
Credit spreads remain firm

Credit spreads remain firm

European credit spreads moved sharply tighter on Friday, with the iTraxx indexes trading close to contract lows, as global equities rallied thanks to reassuring first-quarter earnings reports.
Published 19 Apr, 2008 12:00am
Credit spreads remain firm

Credit spreads remain firm

European credit spreads moved sharply tighter on Friday, with the iTraxx indexes trading close to contract lows, as global equities rallied thanks to reassuring first-quarter earnings reports.
Published 19 Apr, 2008 12:00am
UK's top share index rises

UK's top share index rises

Britain's top share index rose 1.3 percent on Friday to hit its highest closing level in seven weeks, led by banks after quarterly earnings from Citigroup were not considered as bad as many had expected. The FTSE 100 closed up 76.1 points at 6,056.5, unde
Published 19 Apr, 2008 12:00am
London coffee, cocoa and sugar plummet

London coffee, cocoa and sugar plummet

London coffee, cocoa and sugar futures fell sharply as the dollar jumped on Friday as funds took profits from a surge to one-month highs this week. "We're seeing a pullback across the (commodities) space," said fund manager Matthew Sena of US-based Castle
Published 19 Apr, 2008 12:00am
Iraq sees higher 2008 wheat imports

Iraq sees higher 2008 wheat imports

Iraq will need to import between 2.5 and 3.0 million tonnes of wheat in 2008, up from 2.1 million tonnes last year, and pass an extra budget to cover the higher cost, Iraq's trade minister said on Friday. He added that Iraq's wheat harvest could reach las
Published 19 Apr, 2008 12:00am
New York cotton futures remain lower

New York cotton futures remain lower

Cotton futures reeled from investment fund liquidation to end lower on Friday and analysts feel fibre contracts will probably see more gyrations in the market going into next week. The ICE Futures' May cotton contract shed 0.87 cent to close at 70.88 cent
Published 19 Apr, 2008 12:00am
China soya traders see bullish market

China soya traders see bullish market

China's soyabean traders expect the market to turn bullish as crushers start active purchases in the coming week, spurred by fears that prices will rise further, according to a survey by an official think tank on Friday. Demand for soybean imports will al
Published 19 Apr, 2008 12:00am
Copper springs back

Copper springs back

Copper edged down on Friday as the dollar strengthened and physical buyers held back owing to high prices, traders and analysts said. Copper for three-months delivery on the London Metal Exchange hit an intra-day low of $8,430 before paring some losses to
Published 19 Apr, 2008 12:00am
Gold tumbles in London

Gold tumbles in London

Gold slipped more than 3 percent to a one-week low on Friday as the dollar jumped after better than expected earnings results from Citigroup. The metal fell as low as $904.35 an ounce and was quoted at $911.90/912.90 at 1500 GMT, against $938.90/939.70 in
Published 19 Apr, 2008 12:00am
US MIDDAY: coffee dips

US MIDDAY: coffee dips

Arabica coffee futures trading on ICE settled down 3 percent Friday, pressured by across-the-board profit taking and the firm dollar, traders said. "Some index fund was a steady buyer (yesterday) but today they are not. (This is) coupled with the rally in
Published 19 Apr, 2008 12:00am
US MIDDAY: sugar tumbles

US MIDDAY: sugar tumbles

Raw sugar futures levels in ICE Futures US at 1245 GMT. July sugar contract dropped 0.38 cent to 12.92 cents per lb. Range at 12.87 to 13.36 cents. July contract volume at 41,550 lots. Investment fund profit-taking hits sugar after week of steady advances
Published 19 Apr, 2008 12:00am
US MIDDAY: soyabeans lower

US MIDDAY: soyabeans lower

May soyabean futures were down 2-1/2 cents at $13.48 per bushel, new-crop November down 5-1/4 cents at $12.73. Pressured by declines in other commodities including gold as the dollar rallies, but soya pared losses as crude oil rebounded. Labour tension in
Published 19 Apr, 2008 12:00am
US MIDDAY: corn slips

US MIDDAY: corn slips

May corn was down 1-1/2 cents at $6.02 per bushel, new-crop December down 2 cents at $6.24. Lower gold prices and higher dollar pressure market, but corn pares losses as crude oil rebounds. Profit-taking noted after Thursday's rally to a record high in th
Published 19 Apr, 2008 12:00am
US MIDDAY: wheat falls

US MIDDAY: wheat falls

May wheat at the Chicago Board of Trade was down 20 cents at $8.93 per bushel, July was down 20-1/2 at $9.07-1/2. Follow-through technical selling after the late slide of prices on Thursday that was tied to talk of diminished concern about a cold snap in
Published 19 Apr, 2008 12:00am
US MIDDAY: copper dips

US MIDDAY: copper dips

US copper futures at the New York Mercantile Exchange's Comex division hit a 2-1/2 week low early Friday as a rebounding dollar triggered another round of profit-taking losses from previous session's highs, traders said.
Published 19 Apr, 2008 12:00am
US MIDDAY: gold sags

US MIDDAY: gold sags

Gold futures on the Comex division of the New York Mercantile Exchange dropped more than 3 percent in heavy trading Friday, hurt by a dollar rise, crude oil drop and upbeat outlook for the global stock markets. June gold was down $31.10 or 3.3 percent at
Published 19 Apr, 2008 12:00am
Public money well spent

Public money well spent

The whining of MoF on AFDP budgetary over-runs, is uncalled for (BR 16-04-08). Thanks to your scribe (and Almighty) we learn that, for once, the exchequer has incurred expenditure, where it can be fully justified.
Published 19 Apr, 2008 12:00am
PIA's same old story

PIA's same old story

What a fall from grace for an airline, which was once the pride of Pakistan. PIA had its moment of glory under Noor Khan or Rafique Saigol, when service to passenger was the prime objective and appointments were made on merit and there were hardly any pol
Published 19 Apr, 2008 12:00am
Musharraf's legacy and the military psyche

Musharraf's legacy and the military psyche

During my brief and happy army career as a junior officer, deployed on internal security and martial law duties in interior Sindh and Balochistan, in the mid to late 70's, we often came across many dyed-in-the-wool Sindhi Wadera's and Baloch Sardars, big
Published 19 Apr, 2008 12:00am
Challenges to national economy: policy guidelines needed - II

Challenges to national economy: policy guidelines needed - II

Current account deficit: The external account deficit has widened, and is expected to cross US $10.5 billion in FY07-08, to over 6.6% of GDP. The IFIs will, I am sure offer their credits to cover the deficit. But it would be very imprudent to fill up the
Published 19 Apr, 2008 12:00am
EU's call for electoral reforms

EU's call for electoral reforms

Though nobody here has apparently complained against the conduct of February 18 polls and the election results were accepted without demur, the EU observers of the electoral exercise found them falling short of international standards.
Published 19 Apr, 2008 12:00am
Civilian oversight on defence expenditure

Civilian oversight on defence expenditure

It has been reported in the Business Recorder that during the Cabinet meeting, the previous Government's procurement of Swedish military technology as well as JF-17 from China for which 38.5 billion out of a total cost of 75 billion rupees has alre
Published 19 Apr, 2008 12:00am
Previous government blamed for flour crisis

Previous government blamed for flour crisis

Pakistan Muslim League-Nawaz Secretary General for International Affairs Sheikh Kaiser Mahmood has said the flour crisis is the result of wrong policies by the previous government and it would be overcome with effective planning by the present government.
Published 19 Apr, 2008 12:00am
GCU meeting

GCU meeting

The Government College University (GCU) called a meeting to review the concepts and strategies for improvement in the GCU Lahore societies in the Fazal-E-Hussain Hall of the campus. The Vice Chancellor (VC), GCU, Dr Khalid Aftab said to the participants o
Published 19 Apr, 2008 12:00am
Dr Mubarak meets vice chancellor UVAS

Dr Mubarak meets vice chancellor UVAS

Chief Executive Officer Punjab Agriculture Research Board (PARB) Dr Mubarak Ali on Friday called on Vice Chancellor University of Veterinary and Animal Sciences (UVAS) Professor Dr Muhammad Nawaz here on Friday to discuss areas of collaboration.
Published 19 Apr, 2008 12:00am
NMC group to visit FBR today

NMC group to visit FBR today

A group of 46 senior officers, along with five faculty members of National Management College (NMC) is scheduled to visit Federal Board of Revenue (FBR) on Saturday. The group members will be briefed on the working and policies of FBR, particularly on tax
Published 19 Apr, 2008 12:00am
Ipra chooses Golden World Awards winners for excellence in PR

Ipra chooses Golden World Awards winners for excellence in PR

The International Public Relations Association (Ipra) has chosen the winners of its 2008 Golden World Awards for Excellence in PR. Winning campaigns ranged from the Dubai summer surprises (Dubai Shopping festival) for its campaign to re-invigorate and att
Published 19 Apr, 2008 12:00am
Government urged to declare 2008 'Basmati Rice Year'

Government urged to declare 2008 'Basmati Rice Year'

The Farmers Associates Pakistan (FAP) has told the government to declare the year 2008 as 'Basmati Rice Year' and announce incentives for the rice growers on emergency basis. The FAP standing committee on rice has aired concern over proposals being given
Published 19 Apr, 2008 12:00am
Four killed in different incidents in Karachi

Four killed in different incidents in Karachi

Four persons including a girl and a dacoit were killed in separate incidents in different areas of metropolis here on Thursday. Police sources said that dacoit, Saleem Sarwar along with his two accomplices entered a house situated in the jurisdiction of S
Published 19 Apr, 2008 12:00am
Police Order 2002: investigation system fails to cater results: IGP

Police Order 2002: investigation system fails to cater results: IGP

Inspector General Police, Punjab, Shaukat Javed has said the investigation system introduced under Police Order 2002 has not produced desired results and added that to ensure better performance by the force Unity command system will be re-introduced in po
Published 19 Apr, 2008 12:00am
Flour crisis: people forced to commit suicides. says Elahi

Flour crisis: people forced to commit suicides. says Elahi

The ruling alliance instead of providing relief to the masses has increased the prices of petroleum products twice, besides the flour was not available in the majority parts of the country after which the people were forced to commit suicides.
Published 19 Apr, 2008 12:00am
Trading suspension extended

Trading suspension extended

The Securities and Exchange Commission of Pakistan has suspended the trading of the shares of Beema Pakistan Company Limited for further 60 days. A notification circulated by the Lahore Stock Exchange to its members on Friday said.
Published 19 Apr, 2008 12:00am
'Constitution in Pakistan is supreme, not parliament'

'Constitution in Pakistan is supreme, not parliament'

Former justice Wajihuddin Ahmad has said wherever the Constitution is in written form it is held supreme over the parliament since it cannot change the basic structure and spirit of the Constitution. "In Pakistan, the Constitution is supreme, not the parl
Published 19 Apr, 2008 12:00am
Training course on securities market held

Training course on securities market held

Islamabad Stock Exchange (ISE) conducted a three-day training course on securities market from April 16- to 18 in collaboration with Institute of Securities, Management and Research, Karachi. A large number of persons from different brokerage houses, bank
Published 19 Apr, 2008 12:00am
Housing societies: CDA asked to simplify procedure for obtaining NoC

Housing societies: CDA asked to simplify procedure for obtaining NoC

The Senate Standing Committee on Cabinet Secretariat (CD&ED), which met at the Parliament House on Friday under the chairmanship of Senator Abdul Ghaffar Qureshi, has directed the Capital Development Authority (CDA) to simplify procedure for obtaining NOC
Published 19 Apr, 2008 12:00am
PML-Q leaders grieved

PML-Q leaders grieved

Pakistan Muslim League-Q (PML-Q) President Chaudhry Shujaat Hussain, Opposition leader in the National Assembly Chaudhry Pervaiz Elahi, Chaudhry Wajahat Hussain MNA and Moonis Elahi MPA have expressed their heartfelt grief over the sad demise of Tariq Wah
Published 19 Apr, 2008 12:00am
Traders fined for overcharging on wheat flour

Traders fined for overcharging on wheat flour

District Officer Enterprises (DOE) said on Friday that 47 shopkeepers were fined with Rs 24,600 for overcharging on wheat flour. DOE Muhammad Tahir Tugga told newsmen that government fixed the new retail price of Atta at Rs 375 per 20kilogram bag but thos
Published 19 Apr, 2008 12:00am
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