The Nation in print for Thursday, November 13, 2008
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SBP hikes interest rate by 2 per cent

November 13, 2008
SBP hikes interest rate by 2 per cent

KARACHI - The State Bank of Pakistan has raised policy discount rate further by 200bps, to 15 percent from 13 percent amid high government borrowings, persistent demand pressures, frequent hike in core inflation and widening current account deficit. However, export refinancing facility against ...

Senators furious over State Bank move

Senators furious over State Bank move

November 13, 2008

ISLAMABAD - Senators both from treasury and Opposition benches Wednesday strongly protested against the increase in the discount ...

Raise to be counterproductive

Raise to be counterproductive

November 13, 2008

ISLAMABAD - Independent economists have opined that State Bank of Pakistan has increased the interest rates by another two per ...

Opp urges Zardari to quit PPP post

Opp urges Zardari to quit PPP post

November 13, 2008

ISLAMABAD - Leader of Opposition in National Assembly Chaudhry Nisar Ali Khan has said that rulers were not just toeing the ...

International
Sudan declares Darfur truce

Sudan declares Darfur truce

November 13, 2008

KHARTOUM (AFP) - Sudan's President Omar al-Bashir on Wednesday called an immediate ceasefire in Darfur and a campaign to disarm ...

Arch-rivals agree to talks

Arch-rivals agree to talks

November 13, 2008

DHAKA (AFP) - Feuding former Bangladeshi premiers Sheikh Hasina Wajed and Khaleda Zia are willing to hold one-on-one talks in an ...

62 per cent Americans back talks with Iran

62 per cent Americans back talks with Iran

November 13, 2008

WASHINGTON (AFP) - One week after his historic election, America's first black president-elect Barack Obama is riding on a tide ...

Spate of Iraq attacks leaves 26 dead

November 13, 2008

BAGHDAD (AFP) - At least 26 people were killed in a string of attacks in Iraq on Wednesday, including a dozen people who lost ...

US, Russia, Europe asked to build 'new security order'

November 13, 2008

ROME (AFP) - US president-elect Barack Obama should work with Russia and Europe to build a "new world security order" in which a ...

Obama to stay away from G20 moot

November 13, 2008

WASHINGTON - US President-elect Barack Obama will stay away from Washington over this weekend when world leaders meet here for ...

Turkish leader offers to be U.S.-Iran mediator

November 13, 2008

NEW YORK - Turkey is ready to mediate between the incoming U.S. administration of Barack Obama and Iran to help bridge the rift ...

CIA, NI chiefs expect to lose jobs under new US President

November 13, 2008

WASHINGTON (AFP) - The current chiefs of National Intelligence and the CIA expect to be replaced when Barack Obama takes over as ...

Bush consulted Clinton before Obama talks

November 13, 2008

WASHINGTON (AFP) - US President George W Bush said Tuesday that he had reached out by telephone to his predecessor, Bill Clinton, ...

Nine killed in Lanka fighting

November 13, 2008

COLOMBO (AFP) - At least nine Tamil Tiger rebels were killed as Sri Lankan troops fought pitched battles in the island's north, ...

Australia defeat good for cricket, says Gayle

November 13, 2008

ABU DHABI (AFP) - West Indian captain Chris Gayle Wednesday said Australia's Test series defeat in India could be a turning point ...

Federer labours to Stepanek win

November 13, 2008

SHANGHAI (AFP) - Roger Federer laboured to an unconvincing 7-6 (7/4), 6-4 win over Czech alternate Radek Stepanek on Wednesday to ...

Murray into Masters semis, Roddick pulls out

November 13, 2008

SHANGHAI (AFP) - Britain's Andy Murray downed Gilles Simon in straight sets to reach the Masters Cup semi-finals on Wednesday as ...

Business
SNGPL faces gas theft, line losses of Rs8 billion

SNGPL faces gas theft, line losses of Rs8 billion

November 13, 2008

LAHORE - The Sui Northern Gas Pipeline Limited is facing line losses of at least Rs 8 billion mainly due to gas theft at CNG ...

Country's oil and gas reserves drop by 8pc

Country's oil and gas reserves drop by 8pc

November 13, 2008

KARACHI - The country's oil and gas reserves have dropped by 7.6 and 8 percent respectively in 2008 compared to last year as the ...

Foreign investors show interest to invest in Pak

Foreign investors show interest to invest in Pak

November 13, 2008

KARACHI - An overwhelming majority, 76 percent, of foreign investors in Pakistan have shown interest to invest during the next ...

WB to boost financial support

November 13, 2008

WASHINGTON - The World Bank Group said it would boost financial support for developing countries. In its announcement ahead ...

Benchmark index unchanged on third consecutive day

November 13, 2008

LAHORE - Karachi Stock Exchange (KSE) Wednesday witnessed yet another dull, flat and lacklustre day, as analysts believed that ...

Economic bad news mounts ahead of finance crisis summit

November 13, 2008

LONDON (AFP) - More grim news that Germany and Britain are battling recession and devastating profit results increased pressure ...

Islamic financial system broad-based, substantial

November 13, 2008

KARACHI (APP) - The participants of a panel discussion on Islamic banking on Wednesday reached consensus that the growth of ...

Skill Development Council, industrial sector join hands

November 13, 2008

LAHORE - Cooperation between industrial units of Punjab and Skill Development Council will be enhanced by providing management ...

Pak-India trade, economic relations to be enhanced

November 13, 2008

NEW DELHI (APP) - A meeting of Executive Committee of Pak-India Chambers of Commerce and Industry here on Wednesday decided to ...

World markets hit by spreading co woes

November 13, 2008

LONDON (AFP) - Asian and European stock markets were rattled Wednesday by investor fears that the ongoing financial crisis will ...

Politics
Akmal cameo steals the show for Pakistan

Akmal cameo steals the show for Pakistan

November 13, 2008

ABU DHABI (AFP) - Kamran Akmal hit two sixes in paceman Jerome Taylor's last over to help Pakistan beat the West Indies by four ...

Govt fulfilling all promises: Gilani

Govt fulfilling all promises: Gilani

November 13, 2008

KASUR - Prime Minister Yousuf Raza Gilani has said that the PPP government is committed to the betterment of masses and is ...

9 Commissioners posted

9 Commissioners posted

November 13, 2008

LAHORE - The Punjab government on Wednesday finally notified the names of the Commissioners for nine divisions after it had ...

VIP protocol for Kalia, Khanani in custody

November 13, 2008

LAHORE - Munaf Kalia and Javed Khanani who according to our rulers were instrumental in destabilising Pak economy, are being ...

Acid attack on Afghan schoolgirls; 15 hurt

November 13, 2008

KANDAHAR (AFP) - Attackers used a water pistol to spray acid at schoolgirls in Afghanistan's southern city of Kandahar Wednesday, ...

SC rejects NAB plea to reopen Sharifs cases

November 13, 2008

RAWALPINDI " Special Judge Central Shaukat Ali Sajid on Wednesday dismissed an application filed by NAB seeking re-opening of ...

US national shot dead in Peshawar

November 13, 2008

PESHAWAR - Unknown attackers gunned down an American national, Stephen Vance, and his driver when he, boarding his vehicle, ...

Zardari skips Ban's dinner

November 13, 2008

UNITED NATIONS-Saudi King Abdullah and other Arab and Islamic leaders as well as Israel's President attended a dinner on Tuesday ...

Rice calls on President

November 13, 2008

UNITED NATIONS (APP) - President Asif Ali Zardari on Wednesday met the US Secretary of State Condoleezza Rice here along the ...

PML-Q rift widens

November 13, 2008

ISLAMABAD - The reconciliatory move between Chaudhry brothers and dissidents of PML-Q got stalled here on Wednesday when the ...

Entertainment
Jolie was 'out of line': Aniston

Jolie was 'out of line': Aniston

November 13, 2008

ACTRESS Jennifer Aniston has said that Angelina Jolie was "inappropriate" when she revealed details of her romance with Brad ...

Tequila turned into diamonds

Tequila turned into diamonds

November 13, 2008

MEXICO CITY (AFP) - Mexican scientists have turned the country's national tipple tequila into diamonds, and are seeking ...

'Elegant Obama' inspires fashion label

'Elegant Obama' inspires fashion label

November 13, 2008

SARAJEVO (AFP) - Barack Obama's elegance and fashion sense has inspired a Bosnian company to name a new line of men's business ...

Kidman accidentally reveals Sunday Rose's first picture

November 13, 2008

NICOLE Kidman accidentally revealed the first picture of her four-month-old daughter Monday. The 41-year-old actress - who ...

Joyful music may promote heart health

November 13, 2008

LISTENING to your favorite music may be good for your cardiovascular system. Researchers at the University of Maryland School of ...

Intelligent pill helps medicine go down exactly where it's needed

November 13, 2008

AN 'intelligent pill' has been developed that can pinpoint where drugs are needed in the body and deliver them to that precise ...

Islamabad
India was allowed to build storage works on rivers, NA told

India was allowed to build storage works on rivers, NA told

November 13, 2008

ISLAMABAD - Minister for Water and Power Raja Pervaiz Ashraf Wednesday told the National Assembly that India was allowed to ...

Quakes: people urged to follow building code

Quakes: people urged to follow building code

November 13, 2008

QUETTA - If building code was not followed by the people in Balochistan than a slight tremor could wreak havoc in large scale in ...

No one allowed to misuse national database: Nadra

No one allowed to misuse national database: Nadra

November 13, 2008

ISLAMABAD (APP) - The National Database is completely secure and no one will be allowed to misuse citizens data for illegal ...

3 held for misbehaving with Afghan diplomat

November 13, 2008

ISLAMABAD (Online) - Police have arrested three illegal Afghan occupants on the charge of misbehaving with second Secretary in ...

Intra-party body on national security meets on 17th

November 13, 2008

ISLAMABAD (APP) - The intra-party committee of the Parliament on national security will meet on November 17 (Monday) at ...

Balochistan facing unscheduled loadshedding

November 13, 2008

QUETTA - Balochistan is facing long duration of unscheduled loadshedding while surge in power tariff has made the lives of common ...

Safeerullah in Pakistan Open Squash semis

November 13, 2008

ISLAMABAD - The lucky loser, Safeerullah Khan stunned world number 41 Kashif Sujah 3-2 in the second quarter-final of the ...

Aqeel thrashes Jehanzeb in straight sets

November 13, 2008

ISLAMABAD - Pakistan number one Aqeel Khan thrashed Jehanzeb Khan in straight sets to reach the top-eight stage in the Men's ...

Karachi
3 provinces against LG system: Qaim

3 provinces against LG system: Qaim

November 13, 2008

KARACHI- Chief Minister Sindh, Syed Qaim Ali Shah, has announced a grant worth Rs 25 million to set up Shaheed Benazir Bhutto ...

Petition against power outages, Nepra put off

Petition against power outages, Nepra put off

November 13, 2008

KARACHI - A division bench of Sindh High Court (SHC) comprising Chief Justice Anwar Zaheer Jamali and Justice Ghulam Dastgir ...

Green turtles awareness programme

Green turtles awareness programme

November 13, 2008

KARACHI - Sandspit and Hawks Bay beaches and Sindh Wildlife, in a joint venture, are doing their level best to create awareness ...

Nadra chairman sees database foolproof

November 13, 2008

KARACHI - Deputy Chairman NADRA Tariq Malik has said National Database is completely secure and no one will be allowed to misuse ...

Mob beats up dacoit over killing policeman

November 13, 2008

KARACHI - The residents of Lyari on Wednesday brutally tortured a robber for shooting a policeman dead within the jurisdiction of ...

MQM activist killed; 2 hurt

November 13, 2008

KARACHI - Unidentified culprits shot dead a worker of the Muttahida Qaumi Movement (MQM) and injured two others on Wednesday ...

Lahore
Traffic signal project shelved

Traffic signal project shelved

November 13, 2008

LAHORE - The traffic signal project 'Electromagnetic Integrated Traffic Management System' introduced to address the complex ...

CDGL starts spray drive to check dengue fever

CDGL starts spray drive to check dengue fever

November 13, 2008

LAHORE - The CDGL has started the Dengue Fever Control Programme to check the outbreak of Dengue virus here on Wednesday. On ...

Sincere efforts needed to revive faltering economy

Sincere efforts needed to revive faltering economy

November 13, 2008

LAHORE - Trade leaders and businessmen Wednesday said the government should devise long-term policies, improve law and order ...

BA, BSc students' plight exacerbates

November 13, 2008

LAHORE - Likewise the Matric and Intermediate examinations, the plight of students appearing in the BA, BSc examination of the ...

Action against patwari, revenue officials ordered

November 13, 2008

LAHORE - Justice Hafiz Tariq Nasim of the Lahore High Court has ordered action against a patwari, petitioner, and other ...

Court proceedings against former CM postponed

November 13, 2008

LAHORE - As no one appeared from both sides, Justice Maulvi Anwar-ul-Haq of LHC postponed for Dec 16 the suo moto proceedings ...

Stallions to clash with OZ Warriors

November 13, 2008

LAHORE - Pakistan's Sialkot Stallions will meet Western Australia Warriors in their opening match of the inaugural Champions ...

Dope-tainted Asif to appear before Indian commission

November 13, 2008

LAHORE (AFP) - An Indian doping tribunal will hear Pakistan fast bowler Mohammad Asif's appeal in Mumbai on November 29, a lawyer ...

Gojra hockey team to participate in Malaysian event

November 13, 2008

LAHORE - The national hockey club champion team Olympian Village Club Gojra reached Kuala Lumpur, Malaysia to participate in ...

Punjab honours winners of Inter Provincial Games

November 13, 2008

LAHORE - The Punjab sports department organised a reception in honour of its victorious contingent that made hat-trick of ...

Punjab table tennis team bags five golds

November 13, 2008

LAHORE - The Punjab table tennis contingent won five gold, two silver and four bronze medals in the 3rd Inter-Provincial Games ...

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