Daily Archives: July 8, 2008


State Bank of Pakistan introduces new Rs5 and Rs50 banknotes 2

By Our Staff Reporter KARACHI, July 7: The State Bank of Pakistan reintroduced on Monday the five rupee banknote and launched a newly-designed Rs50 note. Addressing a press conference, SBP Governor Dr Shamshad Akhtar said that all field offices of the SBP Banking Services Corporation would start issuing the new […]


Pakistan Rupee ends at record low on 8th July 2008; outlook bleak

KARACHI (updated on: July 08, 2008, 17:14 PST): Rupee slid 2.6 percent on Tuesday to close at a record low in a market worried about high inflation, burgeoning deficits and security. The currency closed at 72.85/90 to the dollar after falling as low as 73.04 rupees, when dealers suspected the […]


Muslim League – the essential part of ruling elite in Pakistan 1

ML factions go strong at times Some breakaway parts turn into pressure groups  Its chequered life has witnessed many political crises Amir Nafees LAHORE: The political forces always played an important role in the Pakistan’s politics and the history witnessed that Muslim League most of the time remained in power […]


Milk reduces risk of colon cancer

ISLAMABAD: A glass of milk a day reduces the risk of colon cancer, according to a study. Researchers from the Harvard School of Public Health and Brigham and Women’s Hospital in Boston collected data from 10 studies on the cancer.


Overseas Pakistanis Foundation to set up educational institutions

ISLAMABAD: The Overseas Pakistanis Foundation will set up more educational institutions to promote the quality of education. The foundation will set up eight OPF Public Schools and one OPF medical college, an official said on Monday.


Pakistan: Withholding tax up to Rs 50,000 on new cars 5

Tax on registration will be increased Luxury car buyers will be charged up to Rs 0.3 million The Post Report LAHORE: Following the imposition of tax on the luxury cars, the government has now decided to enforce a withholding tax of Rs 7,500 to Rs 50,000 besides an increase in […]


Lahore: Government College University gets land for new campus 1

LAHORE: The land for the construction of GC University Lahore’s new campus at Kala Shah Kaku was handed over to the varsity’s administration, said Vice Chancellor GCU Dr Khalid Aftab on Monday.


Be done with this confusion —Ejaz Haider

If we are not prepared for the literalist exegesis that informs the millenarianism of the Taliban-Al Qaeda cadres then let us, for everyone’s sake including our own, stop glorifying them


Pakistan Rupee at a new low on panic buying of dollars

By Mushfiq AhmadKARACHI: The Pakistani rupee recorded a sharp decline in its value against the US dollar on Monday, as the State Bank chose not to intervene in the foreign exchange market.


Toyota to add solar panels for ‘green’ cars amid high oil prices

TOKYO: Toyota Motor Corp plans to install solar panels on some Prius hybrids in its next remodelling, responding to growing demand for “green” cars amid record-high oil prices, a source briefed on the matter said on Monday.