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Print - 2008-07-15
Malaysia's Anwar snubs police, risks arrest

Malaysia's Anwar snubs police, risks arrest

Malaysian opposition figure Anwar Ibrahim defied warnings of arrest on Monday, refusing to meet police over sodomy accusations against him as his lawyer said only a police order would compel him to turn up.
Published 15 Jul, 2008 12:00am
Global warming may increase kidney stones: researchers

Global warming may increase kidney stones: researchers

More Americans are likely to suffer from kidney stones in the coming years as a result of global warming, according to researchers at the University of Texas. Kidney stones, which are formed from dissolved minerals in the urine and can be extremely painfu
Published 15 Jul, 2008 12:00am
North Korea to sign non-aggression treaty with Asean

North Korea to sign non-aggression treaty with Asean

North Korea intends to sign a non-aggression treaty with its Southeast Asian neighbours next week, Singapore's foreign ministry said Monday. North Korea told Singapore, current chair of the 10-member Association of Southeast Asian Nations (Asean), it will
Published 15 Jul, 2008 12:00am
Nepal Maoists back off giving Gurkhas the chop

Nepal Maoists back off giving Gurkhas the chop

Nepal's legendary Gurkha mountain men, whose service in the British army helps support tens of thousands of people in their impoverished homeland, will now get to fight another day. The country's new Maoist leaders, former far-left rebels who oppose forei
Published 15 Jul, 2008 12:00am
Iran's gas export prospects sink as tensions rise

Iran's gas export prospects sink as tensions rise

Iran's vast gas reserves will remain largely untapped so long as Western companies are scared off by political tensions and US sanctions stop Tehran from getting the technology it needs to develop them alone. European and Asian energy companies had been l
Published 15 Jul, 2008 12:00am
EU's Reding set to propose slashing cost of texts

EU's Reding set to propose slashing cost of texts

The cost of sending a text message from the bar or the beach when mobile phone users are outside their home state in the European Union will be more than halved under new plans, an EU source said. EU Telecoms Commissioner Viviane Reding will announce the
Published 15 Jul, 2008 12:00am
Toll to exit Virgin Blue, take A$1.3 billion charge

Toll to exit Virgin Blue, take A$1.3 billion charge

Australia's Toll Holdings Ltd moved on Monday to offload its stake in airline Virgin Blue Holdings Ltd via a special dividend to shareholders and took a A$1.3 billion ($1.2 billion) charge to reflect the lower value of its stake.
Published 15 Jul, 2008 12:00am
Japanese fishermen to strike over high fuel costs

Japanese fishermen to strike over high fuel costs

Japan's fishing industry, one of the largest in the world, will stage a mass strike Tuesday in protest at soaring fuel costs, part of a global backlash against surging oil prices. Some 200,000 fishing boats will cancel their trips for one day to urge the
Published 15 Jul, 2008 12:00am
Emirates Telecom second quarter profit soars

Emirates Telecom second quarter profit soars

Emirates Telecommunications Corp (Etisalat) posted a 58 percent jump in second-quarter profit on Monday, boosted by the sale of a stake in its Saudi affiliate. Etisalat, the largest Arab telecom firm by market value, said profit attributable to shareholde
Published 15 Jul, 2008 12:00am
Emirates Telecom second quarter profit soars

Emirates Telecom second quarter profit soars

Emirates Telecommunications Corp (Etisalat) posted a 58 percent jump in second-quarter profit on Monday, boosted by the sale of a stake in its Saudi affiliate. Etisalat, the largest Arab telecom firm by market value, said profit attributable to shareholde
Published 15 Jul, 2008 12:00am
Santander to buy UK bank A&L in $2.6 billion deal

Santander to buy UK bank A&L in $2.6 billion deal

Spain's Santander is buying British bank Alliance & Leicester for 1.3 billion pounds ($2.6 billion) in an agreed deal that will bulk up its existing UK bank Abbey. Santander, Europe's second-biggest bank after HSBC and long considered a potential buyer of
Published 15 Jul, 2008 12:00am
Imperial Energy gets approach, sources say ONGC

Imperial Energy gets approach, sources say ONGC

Russia-focused oil company Imperial Energy Corp Plc said on Monday it had received a bid approach from a party it did not name but which industry sources identified as Indian state-controlled ONGC. Shares in Imperial Energy were up 22.8 percent at 947 pen
Published 15 Jul, 2008 12:00am
Obama leads

Obama leads

Democratic presidential candidate Barack Obama leads Republican opponent John McCain by 3 percentage points in a Newsweek poll released on Sunday, a marked change from the Democrat's 15-point lead last month. Illinois Senator Obama captured 44 percent of
Published 15 Jul, 2008 12:00am
US provocative toward Iran: Kuwait

US provocative toward Iran: Kuwait

The United States and other Western countries are dealing in a provocative way with Iran over its nuclear programme and should respect its sovereignty, Kuwait's parliament speaker said. The United States has refused to rule out military action if Iran con
Published 15 Jul, 2008 12:00am
South Korea recalls envoy from Japan in island row

South Korea recalls envoy from Japan in island row

South Korea said on Monday it would recall its ambassador from Tokyo in protest after Japan said it would write about a longstanding island dispute in school teaching guides. South Korea and Japan both lay claim to a group of desolate, rocky islets which
Published 15 Jul, 2008 12:00am
Syria to buy Airbuses, open to Total deals

Syria to buy Airbuses, open to Total deals

Syria intends to buy Airbus aircraft and is open to signing contracts with French oil firm Total, Syrian President Bashar al-Assad said on Monday after a thaw in relations between Paris and Damascus. France and Syria announced on Friday a plan to boost th
Published 15 Jul, 2008 12:00am
Syria warns against incalculable Iran strike

Syria warns against incalculable Iran strike

Syrian President Bashar al-Assad warned on Monday that an assault on Iran over its controversial nuclear programme would have grave consequences for the United States, Israel and the world. "It will cost the United States and the planet dear," Assad said
Published 15 Jul, 2008 12:00am
Bush praises Dalai Lama's 'courage'

Bush praises Dalai Lama's 'courage'

US President George W. Bush on Monday paid tribute to "the courage of the Dalai Lama and the Buddhists in Tibet," less than one month before heading to China for the Beijing Olympics opening gala.
Published 15 Jul, 2008 12:00am
France hosts Syria's Assad at Bastille Day parade

France hosts Syria's Assad at Bastille Day parade

Syrian President Bashar al-Assad was a guest of honour at France's annual Bastille Day military parade on Monday, sparking a small protest and adding to tensions at the march over job cuts in the armed forces.
Published 15 Jul, 2008 12:00am
Russia to 'neutralise' US missile defence threat: report

Russia to 'neutralise' US missile defence threat: report

Russia's military is ready to "neutralise" any threat to its nuclear deterrent from US missile defence sites in Europe, Deputy Foreign Minister Sergei Kislyak said Monday, according to Interfax news agency. "If we see the development of systems that could
Published 15 Jul, 2008 12:00am
Fresh Iraq troop cuts hinge on security: Petraeus

Fresh Iraq troop cuts hinge on security: Petraeus

The US military commander in Iraq said on Monday that security conditions would determine whether he makes recommendations for further troop withdrawals in the coming months. The comments by General David Petraeus came a day after The New York Times repor
Published 15 Jul, 2008 12:00am
Turkish prosecutor unveils coup plan indictment

Turkish prosecutor unveils coup plan indictment

Eighty-six people were indicted on charges of plotting the violent overthrow of Turkish Prime Minister Tayyip Erdogan's government, which is accused by militant secularists of Islamist subversion.
Published 15 Jul, 2008 12:00am
Khaleda's son charged

Khaleda's son charged

The eldest son of former Bangladeshi prime minister Khaleda Zia was formally charged Monday with taking kickbacks to hush up a murder allegedly involving the son of a tycoon, a government lawyer said. Tareque Rahman, heir apparent of his mother Khaleda Zi
Published 15 Jul, 2008 12:00am
Ahmadinejad predicts 'abolishment of US empire'

Ahmadinejad predicts 'abolishment of US empire'

Iranian President Mahmoud Ahmadinejad on Monday predicted "abolishment" of the United States empire in the Gulf and Middle East region, ISNA news agency reported."The world order is swiftly changing and we have to prepare ourselves for the abolishment of
Published 15 Jul, 2008 12:00am
'World's oldest blogger' dies in Australia

'World's oldest blogger' dies in Australia

An Australian woman described as the world's oldest Internet blogger has died at the age of 108 after posting a final message about singing "a happy song" in her nursing home. Olive Riley "passed away peacefully on July 12 and will be mourned by thousands
Published 15 Jul, 2008 12:00am
Sterling gains

Sterling gains

Sterling rose versus the euro and erased earlier losses against the dollar on Monday after Spanish bank Santander's 1.3 billion pound bid for smaller British rival Alliance & Leicester. The news boosted confidence in Britain's embattled banking and housin
Published 15 Jul, 2008 12:00am
Dollar wins respite on US rescue plan

Dollar wins respite on US rescue plan

The dollar rowed back from a near-record low against the euro on Monday after the United States unveiled an emergency plan to restore investor confidence in embattled mortgage lenders Fannie Mae and Freddie Mac. The Treasury boosted its direct credit line
Published 15 Jul, 2008 12:00am
Indian rupee weakens

Indian rupee weakens

The Indian rupee weakened on Monday, as traders bought dollars locally to arbitrage in offshore markets and cash in on the high rate differential. The partially convertible rupee ended at 42.92/93 per dollar, off a low of 42.99 but 0.1 percent weaker than
Published 15 Jul, 2008 12:00am
Credit spreads hold tighter on US plan

Credit spreads hold tighter on US plan

European credit spreads held tighter on Monday, with confidence lifted by the US government's plan to support top mortgage companies Freddie Mac and Fannie Mae. By 1500 GMT, the Markit iTraxx Crossover index, made up of 50 mostly "junk"-rated credits, was
Published 15 Jul, 2008 12:00am
Credit spreads hold tighter on US plan

Credit spreads hold tighter on US plan

European credit spreads held tighter on Monday, with confidence lifted by the US government's plan to support top mortgage companies Freddie Mac and Fannie Mae. By 1500 GMT, the Markit iTraxx Crossover index, made up of 50 mostly "junk"-rated credits, was
Published 15 Jul, 2008 12:00am
Monday's early afternoon trade: Wall Street falls on bank jitters

Monday's early afternoon trade: Wall Street falls on bank jitters

US stocks tumbled on Monday as concerns about the credit crisis and financial companies outweighed earlier optimism over the government's proposed rescue plan for mortgage finance companies Fannie Mae and Freddie Mac. On Sunday, the US Treasury and Federa
Published 15 Jul, 2008 12:00am
Asian bond spreads narrow

Asian bond spreads narrow

Asian bond spreads tightened significantly on Monday after the United States proposed rescue measures for beleaguered US mortgage lenders Fannie Mae and Freddie Mac, but caution remained about the fragility of debt markets.
Published 15 Jul, 2008 12:00am
Asian bond spreads narrow

Asian bond spreads narrow

Asian bond spreads tightened significantly on Monday after the United States proposed rescue measures for beleaguered US mortgage lenders Fannie Mae and Freddie Mac, but caution remained about the fragility of debt markets.
Published 15 Jul, 2008 12:00am
Banks and miners lift FTSE

Banks and miners lift FTSE

Britain's top share index closed higher on Monday as banking stocks recovered on a US plan to rescue ailing mortgage finance companies while Kazakhmys lifted the mining sector after it said it was in merger talks. Banks also gained after Spain's Santander
Published 15 Jul, 2008 12:00am
US MIDDAY: coffee and cocoa fall

US MIDDAY: coffee and cocoa fall

Arabica coffee and US cocoa futures were weak early on Monday, with both commodities trading in tight ranges amid quiet dealings while the dollar made gains. ICE Futures US September arabica contract down 0.60 cent at $1.4165 per lb by 9:22 am EDT (1322 G
Published 15 Jul, 2008 12:00am
US MIDDAY: sugar sags

US MIDDAY: sugar sags

October raw sugar contract futures on ICE Futures US early on Monday slipped 0.08 cent to 13.91 cents per lb. Trading from 13.70 to 14.01 cents. Volume at 9,358 lots. Investor sales nudge market down as trade digested impact of Washington rescue plan for
Published 15 Jul, 2008 12:00am
US MIDDAY: wheat lower

US MIDDAY: wheat lower

Wheat futures on the Chicago Board of Trade were lower early on Monday on expectations of a large global wheat crop, US harvest pressure and spillover from a sharp drop in corn and soya futures, traders said. As of 9:39 am CDT (1439 GMT), CBOT September w
Published 15 Jul, 2008 12:00am
US MIDDAY: corn and soya dive

US MIDDAY: corn and soya dive

Chicago Board of Trade corn and soyabean futures were sharply lower early on Monday on profit-taking, spurred by favourable US weather for developing crops, traders said. December corn was down 24-1/2 at $6.84-3/4 a bushel by 9:38 am CDT.
Published 15 Jul, 2008 12:00am
US MIDDAY: copper gains

US MIDDAY: copper gains

US copper futures pushed higher early on Monday as strength in surrounding commodity markets gave the red metal a modest boost, but uncertain global demand prospects held the early momentum in check, brokers said.
Published 15 Jul, 2008 12:00am
US MIDDAY: gold rises

US MIDDAY: gold rises

US gold futures rise above $970 an ounce early on Monday, trading at their highest in nearly four months as funds pour into the market amid financial market jitters and a record high in gold-backed exchange-traded funds.
Published 15 Jul, 2008 12:00am
New York cotton futures slip

New York cotton futures slip

Cotton futures was hit by a fusillade of investment fund sales to finish lower on Monday and brokers said the weak tone may lead to further losses in the days ahead. The key December cotton contract slid 1.56 cents to finish at 72.03 cents per lb, dealing
Published 15 Jul, 2008 12:00am
London gold rises

London gold rises

Gold rose to a four-month high above $970 an ounce on Monday as lingering fears of financial market instability and rising inflation boosted buying of the metal for its safe haven appeal. Spot gold climbed $970.70 an ounce - the highest since March 19 - b
Published 15 Jul, 2008 12:00am
London cocoa falls

London cocoa falls

Cocoa futures held steady on Monday while coffee edged up as both markets sought to recover from steep declines early last week, dealers said. Sugar prices, however, were sharply down as weak oil and grain markets helped to spark profit-taking after the m
Published 15 Jul, 2008 12:00am
Copper prices firm

Copper prices firm

Copper closed firmer on Monday but prices were seen capped by demand concerns, while zinc and lead prices were supported by output cuts in China. Copper for three-month delivery on the London Metal Exchange closed slightly higher at $8,285 a tonne against
Published 15 Jul, 2008 12:00am
Oil rises slightly

Oil rises slightly

Oil rose slightly on Monday as supply concerns in Brazil in the midst of an energy workers strike outweighed ongoing worries that high fuel costs are dragging down consumer nation demand. US crude settled up 10 cents to $145.18 a barrel, after hitting a r
Published 15 Jul, 2008 12:00am
Malaysian tin gains

Malaysian tin gains

Malaysian tin rose 1 percent on Monday as gains in London Metal Exchange and stronger overseas demand supported the market, one dealer said.
Published 15 Jul, 2008 12:00am
Shanghai zinc rises

Shanghai zinc rises

Shanghai zinc futures gained 2 percent on Monday after rising by their 4 percent daily limit in the last session, following a weekend agreement by small- and medium-sized Chinese smelters to cut production by 10 percent.
Published 15 Jul, 2008 12:00am
Khaleej sugar refinery buys Indian raws

Khaleej sugar refinery buys Indian raws

Dubai's Al Khaleej Sugar Co has bought about 60,000 tonnes of Indian raw sugar for July/August 2008 shipment in containers, its general manager said on Monday. He did not give the price of the shipment.
Published 15 Jul, 2008 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 197,636 tonnes of cargo including 116,472 tonnes of import, 81,164 tonnes of export cargo and 4,479 loaded and empty containers (TEUs) during last 48 hours ended at 0700 hours on Monday.
Published 15 Jul, 2008 12:00am
High taxes

High taxes

It is a shame that a government that has come to power on the votes of the middle class and the poor is trying to crush them with higher taxes. Not only that, but the prices of every day necessities have rocketed sky high while the ministers are gallivant
Published 15 Jul, 2008 12:00am
Rising oil prices

Rising oil prices

I take this opportunity to air my views on the uncontrolled rise in oil prices and request you to publish my views in your letters columns. Oil prices have affected every individual everywhere in the world, except those living in oil producing countries.
Published 15 Jul, 2008 12:00am
SPOTLIGHT: Mr Zardari tries his hand at foreign affairs!

SPOTLIGHT: Mr Zardari tries his hand at foreign affairs!

Earlier in the month, when the entire country was in the grip of gathering clouds of violence on our North West frontier, the people were groaning under the weight of ever increasing food prices, the coalition was creaking at the joints, American violatio
Published 15 Jul, 2008 12:00am
Management of energy crises

Management of energy crises

Pakistan at present is facing acute power shortages which have led the government to resort to loadshedding, as a tool, to manage the power crises. To add to the problem, it occurred in the hot months of the year, which made the life of the common man mis
Published 15 Jul, 2008 12:00am
The post-budget blues

The post-budget blues

From the perspective of the tax/utility bill payer, a shortage of resources requires the levy of additional taxes and as the easiest tax to collect is general sales tax (GST) this accounts for the heaviest reliance being placed on an increase of one perce
Published 15 Jul, 2008 12:00am
Cabinet expansion

Cabinet expansion

It bears repetition to argue that the coalition governments at the Centre and the provinces have deeply disappointed the people. Conceding that these bodies did inherit some intractable problems, one cannot overlook the fact that over the three months tha
Published 15 Jul, 2008 12:00am
Show-cause notice issued to SI

Show-cause notice issued to SI

The Lahore High Court (LHC) has issued show-cause notices to Sub-Inspector (SI, Tariq Gharah, of Sadar Mandai Bahudin police station for failing to follow court orders to recover 12-year-old Mujtaba Raz and moreover, ordered him to produce the abductee to
Published 15 Jul, 2008 12:00am
Haj quota: hearing put off to July 21

Haj quota: hearing put off to July 21

The Supreme Court on Monday adjourned hearing of the case regarding allocation of Haj quota for private tour operators by the Ministry of Religious Affairs till July 21. A three-member bench of the apex court comprising Chief Justice Abdul Hameed Dogar, J
Published 15 Jul, 2008 12:00am
Government urged to take notice of non-availability of fertilisers

Government urged to take notice of non-availability of fertilisers

Farmers organisations have urged the government to take notice of non-availability of fertilisers and its black-marketing in the country causing severe problem to the farmers. They said the situation might also affect the per acre yield of different crops
Published 15 Jul, 2008 12:00am
Traders feeling the price pinch

Traders feeling the price pinch

As the Pakistani economy continues along its downward slope, the Business Recorder spoke to retailers and wholesalers at Karachi's Jodia Bazaar to see how the country's recent inflation has affected business. The traders and shopkeepers interviewed
Published 15 Jul, 2008 12:00am
Traders feeling the price pinch

Traders feeling the price pinch

As the Pakistani economy continues along its downward slope, the Business Recorder spoke to retailers and wholesalers at Karachi's Jodia Bazaar to see how the country's recent inflation has affected business. The traders and shopkeepers interviewed
Published 15 Jul, 2008 12:00am
Jatoi urges political parties to forge unity

Jatoi urges political parties to forge unity

Veteran politician and former Prime Minister of Pakistan, Ghulam Mustafa Jatoi, has called for all the political forces to sit together to find out the solution to the emerging problems of the country and set aside all their grievance for the sake of its
Published 15 Jul, 2008 12:00am
Reforms in education, health, social sectors being introduced

Reforms in education, health, social sectors being introduced

The Punjab government is all set to introduce far-reaching reforms in education, health and other social sectors which will provide much-needed relief to the masses. Sources in the provincial government told Business Recorder that these reforms are
Published 15 Jul, 2008 12:00am
Dr Ijaz Hussain honoured

Dr Ijaz Hussain honoured

The Pakistan Science Foundation (PSF) has given a cheque of Rs 50,000 and a commendation certificate to professor and former Punjab University Institute of Engineering and Technology director Dr Ijaz Hussain Khan for his research work and successful compl
Published 15 Jul, 2008 12:00am
Minister pledges to introduce people-friendly policies

Minister pledges to introduce people-friendly policies

Punjab Minister for Population Welfare Neelam Jabbar Chaudhary has said that promotion of education is one of the top priorities of her government and that education development budget has been increased by 66 percent as compared to previous year's alloca
Published 15 Jul, 2008 12:00am
Taseer rules out use of 58-2(B) by President

Taseer rules out use of 58-2(B) by President

Punjab Governor Salmaan Taseer on Monday ruled out ruled out any possibility of use of article 58-(2)b by President Pervez Musharraf, and said there was no chances of its use. However, he said the public would strongly resist if any illegal move was made
Published 15 Jul, 2008 12:00am
International psychiatry conference at Quetta from November 28

International psychiatry conference at Quetta from November 28

The Pakistan Psychiatric Society (PPS), in collaboration with the World Psychiatric Association and the South Asian Forum on Mental Health and Psychiatry, is holding a three-day 17th International Psychiatric Conference on 'Updates in Psychiatry' at Quett
Published 15 Jul, 2008 12:00am
'Water conservation essential for attaining food security'

'Water conservation essential for attaining food security'

Federal Science and Technology Secretary Sharif Ahmad has said that water conservation is essential in attaining food security. "We need to develop a culture of water conservation at grass root level, and also invest in both major and mini reservoirs to s
Published 15 Jul, 2008 12:00am
Government to construct Khatir Ghaznavi Hall

Government to construct Khatir Ghaznavi Hall

NWFP Minister for Sports, Culture and Tourism, Aqil Shah, has announced that Khatir Ghaznavi Hall will be constructed in Peshawar in recognition of his valuable contributions in promotion of Hindko, Urdu literature and culture. He made this announcement a
Published 15 Jul, 2008 12:00am
India urged to resolve Kashmir dispute

India urged to resolve Kashmir dispute

In occupied Kashmir, All Parties Hurriyat Conference Chairman Mirwaiz Umar Farooq and senior Kashmiri Hurriyat leader Syed Ali Gilani have urged India to accept the ground realties and settle the Kashmir dispute in accordance with Kashmiris' aspirations.
Published 15 Jul, 2008 12:00am
Report about extradition of detainee sought

Report about extradition of detainee sought

The Supreme Court on Monday asked the Ministry of Interior to submit a detailed report regarding handing over of a detained citizen Ghulam Haider Raisani to Iran and adjourned the hearing for two weeks. A three-member bench of the apex court comprising Ch
Published 15 Jul, 2008 12:00am
AQ Khan complains of deteriorating health

AQ Khan complains of deteriorating health

Dr A.Q. Khan has called for an immediate end to his detention, saying his health is deteriorating with every passing day and his house arrest should be ended with necessary security arrangements. Dr Khan's Counsel Javed Iqbal Jaffri, who called on Dr Khan
Published 15 Jul, 2008 12:00am
Farmers not benefiting from increase in DAP subsidy

Farmers not benefiting from increase in DAP subsidy

Engineer Javed Saleem Qureshi has said that the government has increased the subsidy on DAP from Rs 300 to Rs 1000 but farmers have received no benefit from this subsidy, as crops are in the hands of stockist and hoarders. Only the middlemen benefit from
Published 15 Jul, 2008 12:00am
ICMS opens admission for 2008-09

ICMS opens admission for 2008-09

Chairman, Institute of Computer Management Science (ICSM), college system, Malik Tajamal Hayat on Monday announced opening of admissions for both boys and girls for the year 2008-09. Addressing a press conference here at ICMS, he said that instead of earn
Published 15 Jul, 2008 12:00am
Course on 'MS Office for Engineers'

Course on 'MS Office for Engineers'

In order to enhance the capacity of trained workforce, Pakistan Manpower Institute (PMI) has arranged a two-week training course on 'MS Office for Engineers' on Monday.
Published 15 Jul, 2008 12:00am
FBISE declares SSC annual exam results

FBISE declares SSC annual exam results

The Federal Board of Intermediate and Secondary Education (FBISE) on Monday announced the results of the Secondary School Certificate (SSC) annual examination 2008 with a pass percentage of 69.40. According to the board's notification, a total of 57,171 c
Published 15 Jul, 2008 12:00am
HEC for special attention to national languages

HEC for special attention to national languages

Higher Education Commission (HEC) realises that integration of Pakistan could be further strengthened by paying special attention to Pakistani languages. This was stated by Executive Director, HEC, Professor Dr Sohail H Naqvi, in a meeting of editors of v
Published 15 Jul, 2008 12:00am
PTV to open news bureaus in various countries

PTV to open news bureaus in various countries

Pakistan Television (PTV) has decided to establish its news bureaus in different parts of the world to highlight country's enlightened democratic identity and update the viewers about the latest news. The other objective of opening bureaus in phases is to
Published 15 Jul, 2008 12:00am
IHC remands Attorney General's plot case to Evacuee Trust

IHC remands Attorney General's plot case to Evacuee Trust

The Islamabad High Court (IHC) here on Monday remanded a case regarding allotment of plot to former Attorney General of East Pakistan to Abandoned Property Organization (APO) in Evacuee Trust. The Single Bench of Justice Mohammad Munir Paracha announced i
Published 15 Jul, 2008 12:00am
India denies remarks

India denies remarks

The Indian foreign ministry has denied remarks attributed to its foreign secretary, Shivshankar Menon, that Haqqani network was behind the July 7 bomb blast at the Indian embassy in Kabul. A ministry spokesman said the news channel 'Times Now' report maki
Published 15 Jul, 2008 12:00am
CDC launches three new services for capital market

CDC launches three new services for capital market

The Central Depository Company (CDC) recently launched a series of customer centric services in its drive to improve the Pakistani capital market. According to a press release, these services have been initiated by the CDC in line with its role as the 'cu
Published 15 Jul, 2008 12:00am
CDC launches three new services for capital market

CDC launches three new services for capital market

The Central Depository Company (CDC) recently launched a series of customer centric services in its drive to improve the Pakistani capital market. According to a press release, these services have been initiated by the CDC in line with its role as the 'cu
Published 15 Jul, 2008 12:00am
The Weather

The Weather

The weather report on Monday (July 14, 2008) and the forecast for Tuesday (July 15, 2008).

Published 15 Jul, 2008 12:00am
Power shut down

Power shut down

Power supply will remain suspended due to construction and maintenance works as per following schedule, says an Iesco press release here on Monday. On July 15, 17, 22, and 26 from 0630 to 1230 hours, in Gujar Khan city feeder, Barki, Railway road, Industr
Published 15 Jul, 2008 12:00am
Key stock and currency market movements

Key stock and currency market movements

The latest close of key indices on major world stock exchanges and the London closing values of the euro, the Japanese yen, the British pound and gold bullion (previous day's closes in brackets).

Published 15 Jul, 2008 12:00am
Lawyers may give fresh call for 'long march'

Lawyers may give fresh call for 'long march'

The legal fraternity can give a fresh call for 'long march' after having consultation with the community at All Pakistan Lawyers Representative Conference, on July 19 at Lahore, said Chaudhry Amin Javed, Secretary, Supreme Court Bar Association (SCBA), he
Published 15 Jul, 2008 12:00am
Sovereign parliament not possible without independent judiciary: Aitzaz

Sovereign parliament not possible without independent judiciary: Aitzaz

Supreme Court Bar Association President (SCBA) Barrister Aitzaz Ahsan has said that a sovereign and stronger parliament is out of question without an independent judiciary. He was addressing a seminar on 'Role of Lawyers' Movement and Independence of Judi
Published 15 Jul, 2008 12:00am
PPP team to visit China in September

PPP team to visit China in September

PPP Secretary General Jehangir Badr will lead a Pakistan People's Party delegation to China in September this year. The PPP leader called on Political Counsellor of the Chinese Embassy in Islamabad, Wang Zheng, here on Monday and discussed the schedule of
Published 15 Jul, 2008 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (July 14, 2008).

Published 15 Jul, 2008 12:00am
KPT not naming assets after national heroes

KPT not naming assets after national heroes

While national assets should be named after national heroes and other prominent figures, who have ever done an outstanding job for the betterment of mankind or a particular nation, tendency in Karachi Port Trust (KPT) is very much contrary to this.
Published 15 Jul, 2008 12:00am
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