The Nation in print for Friday, May 23, 2008
Front Page

SBP hikes interest rates

May 23, 2008
SBP hikes interest rates

KARACHI- State Bank of Pakistan (SBP) has raised the interest rates to 12 per cent by making an increase of 150 basis points in a bid to curb soaring inflation and dampen imports. At present the discount rate is 10.5 per cent. The Bank also asked the domestic banks to increase the minimum rate ...

Gunmen kill tribal journalist in Bajaur

Gunmen kill tribal journalist in Bajaur

May 23, 2008

BAJUR (NNI) - Unidentified gunmen shot dead a journalist in Bajur on Thursday after he interviewed Taliban spokesman, his family ...

Don't follow Pakistan

Don't follow Pakistan

May 23, 2008

STEPPING up pressure on Bangladesh's interim government to restore democracy, the US has said it does not want a repeat of ...

PPP sought foreign, defence ministries back: Khosa

PPP sought foreign, defence ministries back: Khosa

May 23, 2008

LAHORE - President PML-N Punjab Sardar Zulfiqar Ali Khan Khosa on Thursday disclosed that according to the power-sharing formula ...

International
Early Iraq pullout will be catastrophic: Bush

Early Iraq pullout will be catastrophic: Bush

May 23, 2008

FORT BRAGG, North Carolina, (AFP) - US President George W Bush warned Thursday that a premature US military withdrawal from Iraq ...

Palestinian killed as Gaza demonstration turns deadly

Palestinian killed as Gaza demonstration turns deadly

May 23, 2008

GAZA CITY (AFP) - A Palestinian man was killed on Thursday when Israeli troops opened fire on stone-throwing demonstrators ...

European leaders call for nuclear power revivalEuropean leaders call for nuclear power revival

European leaders call for nuclear power revivalEuropean leaders call for nuclear power revival

May 23, 2008

PRAGUE (AFP) - European nuclear leaders launched a call here Thursday for measures to ensure the revival of atomic energy in the ...

CPJ condemns Pakistani journalists' murder

May 23, 2008

NEW YORK: - The Committee to Protect Journalists, a New York-based watchdog, has condemned the fatal shooting of a ...

Unpopular US President is tonic, toxic for McCain

May 23, 2008

WASHINGTON (AFP) - Not long ago, Republican White House hopeful John McCain's official Internet site had Washington insiders ...

US opposes ban on cluster bombs

May 23, 2008

WASHINGTON (AFP) - The United States on Wednesday opposed a worldwide ban on cluster bombs, calling instead for "technological ...

Eight Iraqis killed in US copter strike

May 23, 2008

BAGHDAD (AFP) - US helicopters involved in an operation against Al-Qaeda attacked two cars near a town northwest of Baghdad and ...

US to back peace deals if terrorist violence curbed

May 23, 2008

WASHINGTON - The Bush administration appears to have toned down its opposition to Pakistan's peace deals with militants in its ...

Bhagwandas to speak at Sindhi convention in US

May 23, 2008

NEW YORK - Former Pakistan Supreme Court Judge Rana Bhagwandas has agreed to be the keynote speaker at the 24th annual Convention ...

No request received for UN probe

May 23, 2008

UNITED NATIONS - The United Nations said Thursday that no formal communication has so far been received from the Pakistan ...

Solution to food crisis must address inequalities UN

May 23, 2008

UNITED NATIONS: A wide-ranging approach addressing inequalities and the rights of marginalized groups is essential in tackling ...

Darrell Hair set for Test return

May 23, 2008

MANCHESTER (AFP) - Australian umpire Darrell Hair's controversial exile from elite cricket will come to an end when he stands in ...

Vaughan denies England batsmen too 'cosy'

May 23, 2008

MANCHESTER (AFP) - Michael Vaughan insisted England's top order had not become a "cosy" club after naming an unchanged ...

New Zealand set to make England graft again

May 23, 2008

MANCHESTER (AFP) - New Zealand may, in the eyes of England captain Michael Vaughan, be a "workmanlike" side but the ...

Kuerten in final curtain call in Paris

May 23, 2008

PARIS (AFP) - Rafael Nadal may well be on his way to becoming the greatest player ever on the claycourts of Roland Garros but he ...

Business
Stock market suffers loss of 348 points

Stock market suffers loss of 348 points

May 23, 2008

LAHORE - Downgrading the rating of top four banks exerted pressure on banking sector on Thursday and market started melting down ...

World stocks hurt by record-high oil

World stocks hurt by record-high oil

May 23, 2008

LONDON (AFP) - Stock markets around the world mostly slid on Thursday, weighed down by record-high oil prices that stoke ...

Food imports set to top 1 trillion dollars in 2008

Food imports set to top 1 trillion dollars in 2008

May 23, 2008

THE amount of money being spent globally on importing food is set to top $1 trillion (528bn) in 2008, an influential report ...

Exporters seek 25pc freight subsidy on mango export

May 23, 2008

KARACHI - All Pakistan Fruit Exporters, Importers and Merchants Association has demanded that freight subsidy of 25% for mango ...

Portfolio investment negative at $50 million

May 23, 2008

KARACHI - The portfolio investment in the stock markets has wiped out as the foreign investors have gradually pulled out their ...

Govt to encourage production of low-cost vehicles, says PM

May 23, 2008

ISLAMABAD (APP) - Prime Minister Syed Yousuf Raza Gilani Thursday said the government will encourage production of low-cost, fuel ...

Oil may deal blow to sputtering world economy

May 23, 2008

WASHINGTON (AFP) - The feared super-spike in crude oil prices that appears to be underway could deal a crippling blow to a global ...

ADB to provide 5 million dollars assistance to Pakistan

May 23, 2008

ISLAMABAD (APP) - The Asian Development Bank (ADB) has agreed to provide technical assistance loan worth US $ 5 million to ...

KSE directors to take up CGT with government

May 23, 2008

KARACHI - The Directors of Karachi stock exchange are going to meet with the economic reform committee on Sunday at Karachi to ...

Politics
Pentagon urges support for Pakistan

Pentagon urges support for Pakistan

May 23, 2008

WASHINGTON (Agencies) - General David Petraeus, a top US military commander nominated to lead Central Command, Thursday urged ...

Deal depends on Sharia enforcement: Taliban

Deal depends on Sharia enforcement: Taliban

May 23, 2008

PESHAWAR (AFP) - Local Taliban militants said Thursday that the success of a peace deal with the government in Swat depends on ...

Government to approach UN for BB probe

Government to approach UN for BB probe

May 23, 2008

ISLAMABAD - Pakistan on Thursday announced it would submit a formal request to the United Nations next month for a probe into the ...

Only Iftikhar acceptable as CJ: PML-N

May 23, 2008

MURIDKE (Online) - PML-N Chief Nawaz Sharif on Thursday underscored that his party was firm to resolve the lingering issue of ...

Mayo Hospital MS suspended

May 23, 2008

LAHORE - Chief Minister Punjab Sardar Dost Muhammad Khosa has suspended Medical Superintendent Mayo Hospital Lahore, Dr Fayyaz ...

Deadline to seize fake mobile phone SIMs extended

May 23, 2008

LAHORE - The May 22 deadline, set by the Senate Standing Committee on Interior, to seize unregistered and fake mobile phone SIMs ...

Abdul Majeed dropped for PSB-I

May 23, 2008

LAHORE  - Following his demotion from BS-20 to BS-19 after his current charge appointment as Additional Director General ...

Shutdown call on Indian President's visit to IHK

May 23, 2008

SRINAGAR (Online) - Senior Kashmiri Hurriyet leader, Syed Ali Geelani has called for a complete shutdown on Saturday to protest ...

50,000 MT wheat for Afghanistan

May 23, 2008

ISLAMABAD - Prime Minister Syed Yousuf Raza Gilani agreed to allow the export of 50,000 metric tons of wheat as a goodwill ...

NAB references against Sharifs adjourned

May 23, 2008

ISLAMABAD - Accountability Court Thursday adjourned hearing of NAB references filed against PML-N leaders Nawaz Sharif and ...

Entertainment
David Cook is an American Idol

David Cook is an American Idol

May 23, 2008

DAVID VS. DAVID Voters pick the rocker over his teen namesake So much for a judge-sanctioned knockout by David Archuleta. ...

Madonna in Cannes for Aids film

Madonna in Cannes for Aids film

May 23, 2008

MADONNA has been on the red carpet at the Cannes Film Festival for the European premiere of her Aids film. The documentary, I ...

Iraqi orchestra stages rare concert

Iraqi orchestra stages rare concert

May 23, 2008

BAGHDAD (AFP) - Iraq's national symphony orchestra staged a rare concert in Baghdad in what organisers said was an effort to ...

The moment tourist defied death with Grand Canyon leap to take the perfect photo

May 23, 2008

THESE amazing images show a daredevil photographer leap across a 3,000ft-deep ravine to capture the perfect sunset - after ...

Afghanistan's hidden treasures go on display in US

May 23, 2008

WASHINGTON (AFP) - More than 200 ancient artifacts from Afghanistan, many of which were believed lost to posterity as the country ...

Vandals damage Stonehenge

May 23, 2008

LONDON (AFP) - Vandals used a hammer and screwdriver to vandalize England's world-famous Stonehenge ancient monument, the first ...

Islamabad
UN offers technical, financial assistance

UN offers technical, financial assistance

May 23, 2008

ISLAMABAD - The United Nations (UN) has offered generous technical and financial assistance to the government for the development ...

Senate body concerned over vacant education portfolio

Senate body concerned over vacant education portfolio

May 23, 2008

ISLAMABAD - The Senate Standing Committee on Education has expressed concerns over the vacant portfolio of education ministry and ...

11 outlaws arrested, weapons recovered

11 outlaws arrested, weapons recovered

May 23, 2008

ISLAMABAD - The Capital Police have arrested 11 accused involved in kidnapping, robberies, theft and holding illicit weapons and ...

Jamal Shah finally resigns from PNCA

May 23, 2008

ISLAMABAD - Jamal Shah, the Visual Arts Director of Pakistan National Council of the Arts, has finally resigned from his post. ...

MPA visits RDA DG office

May 23, 2008

RAWALPINDI - Newly elected PP-6 MPA Chaudhry Sarfaraz Afzal visited the office of Director General (DG) of Rawalpindi Development ...

Two months deadline set for Malik case

May 23, 2008

ISLAMABAD - The Pakistan Supreme Court Thursday issued directives that the case of life ban of fixing-disgraced former Test ...

Karachi
China gratitude over Olympic torch relay in Pak

China gratitude over Olympic torch relay in Pak

May 23, 2008

KARACHI - President of the People's Republic of China Hu Jintao has thanked Pakistan for the support it had given in organising ...

Govt to send 0.3m   labourers abroad

Govt to send 0.3m labourers abroad

May 23, 2008

KARACHI - Pakistan People's Party-led government has decided to send 0.3 million jobless skilled labourers abroad to earn foreign ...

Lawyers protest for restoration of independent judiciary

Lawyers protest for restoration of independent judiciary

May 23, 2008

KARACHI - The lawyers' fraternity, political parties and representatives of civil society organised a joint rally from City Court ...

Sindh High Court summons KBCA chief

May 23, 2008

Karachi (PPI) - A division bench of Sindh High Court comprising Chief Justice Azizullah M Memon and Justice Khalid Ali Z Kazi ...

Inquiry into godown fire demanded

May 23, 2008

Karachi (PPI) - The Cambridge Apartment Owners Cooperative Maintenance Society Thursday asked the government to conduct a probe ...

Ahmadinejad Chairat Sir Syed University

May 23, 2008

KARACHI (APP) - Iran Cultural Centre, Karachi, and Sir Syed University of Engineering and Technology signed a Memorandum of ...

Int'l help sought against HR violations in IHK

May 23, 2008

Karachi - Human Rights Network Pakistan (HRNP) has demanded the international human rights organisations to take notice of the ...

Lahore
No work at Research Centre for last 15 years

No work at Research Centre for last 15 years

May 23, 2008

LAHORE - Not a single experiment has been conducted on the animals for research purposes at the King Edward Medical University ...

Lawyers pledge to reinstate judges

Lawyers pledge to reinstate judges

May 23, 2008

LAHORE The lawyers Thursday's mammoth rally has given a signal to government that they are ready for a marathon race for the ...

'N' not to compromise on principles: Khosa

'N' not to compromise on principles: Khosa

May 23, 2008

LAHORE - Chief Minister Sardar Dost Muhammad Khan Khosa has said that Pakistan Muslim League-N leadership has struggled shoulder ...

Lawyers stand for AQ Khan's release

May 23, 2008

LAHORE - The issues of restoring judiciary to November 2 position and release of Pakistan nuclear scientist Dr Abdul Qadeer Khan ...

Names of French national's former husband and son put on ECL

May 23, 2008

LAHORE - DPO Sheikhupura has informed the Lahore High Court that names of former husband of French national woman, Peggy Collin, ...

Miniaturist explores labyrinth of modern life

May 23, 2008

LAHORE - Ongoing modern miniature artist Waseem Ahmed's exhibition 'Labyrinth' at Ejaz Art Gallery, Gulberg, is a treat for art ...

PCB rubbishes accusations, presents facts

May 23, 2008

LAHORE - For a while now, on various issues the PCB has remained under the cosh. But coming out to bat aggressively to defend the ...

Wasim to supervise bowlers camp from 26th

May 23, 2008

LAHORE - Mobilink's brand ambassador Wasim Akram along with National Cricket Academy (NCA) coaches will supervise a fast bowlers ...

Younis to feature in Australia's Sheffield Shield

May 23, 2008

LAHORE (AFP) - Pakistan batsman Younis Khan has been given the all-clear to play for Western Australia in the next Sheffield ...

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