German state bank WestLB is close to selling its stake in Odeon, the UK's largest cinema chain, in a deal valued at up to 300 million pounds ($544 million), a newspaper said on Sunday.
The Bank of Italy was not given any warnings ahead of the near-collapse of food firm Parmalat in a multi-billion-euros accounting scandal, sources told newspapers on Sunday, rebutting an economy ministry attack.
The British economy will grow by 3.0 percent this year and interest rates will rise to 4.75 percent by December, a report by accountants Ernst and Young predicted on Sunday.
Saudi Arabia faces a race against time to expand its oil-dominated economy and create jobs for a rapidly growing population, its trade minister told an economic conference.
Southeast Asian economic ministers will discuss ways to accelerate regional economic integration following free-trade arrangements with Asian giants China and India, an official said Sunday.
Saudi Arabia launched on Sunday its Haradh gas plant - an expansion project intended to help fuel economic growth and industrialisation in the world's largest oil exporter.
The Central Bank of Kuwait (CBK) has issued a provisional licence for establishing a new Islamic bank in the emirate, CBK governor Sheikh Salem Abdul Aziz al-Sabah said Sunday.
Elections in several Asian countries this year pose varying degrees of economic risks that are expected to defer many big investment plans until after the polls, German lender Deutsche Bank said.
Newspaper publisher Hollinger International Inc said on Saturday a special committee of its independent directors is suing former chief executive Conrad Black and others for more than $200 million.
The head of Germany's opposition conservatives Angela Merkel appeared to hit hopes for a major agreement on tax reform this year, telling a German newspaper on Sunday she did not expect to reach a deal with the government.
Proposals by Bundesbank President Ernst Welteke to use sales from the German central bank's gold reserves to fund education projects have hit opposition in both the Bundesbank and the finance ministry, Der Spiegel reported.
A Bill Gates plug for Creative Technology's latest device has proved a timely spur for the Singapore company as it takes on the powerful Japanese groups in the highly competitive global electronics field.
President George W. Bush's plan to expand the exploration of space parallels US efforts to control the heavens for military, economic and strategic gain.
Israeli Prime Minister Ariel Sharon postponed a debate with his inner cabinet on Sunday over possible changes to the route of Israel's controversial West Bank barrier ahead of a world court hearing.
Iran's powerful conservative Guardians Council pledged on Sunday it would review a controversial blacklist of candidates hoping to contest next month's parliament elections, saying it would respect an order from the Islamic republic's supreme leader to be
Residents of the industrial and commercial town of Noida adjoining New Delhi staged protests on Sunday against a change in administration despite a tight vigil by riot police, reports said.
Jordan's King Abdullah II held talks Sunday with the chief of the US Central Command, General John Abizaid, which focused on the future of the kingdom's war-torn neighbour Iraq, an official report said.
China has again called on the United States to oppose any separatist moves by ideological and diplomatic foe Taiwan, which said on Sunday it wanted to send a delegation to the mainland to meet eight men accused of spying.
The wealth of the Gulf monarchies, which skyrocketed with the 1970s oil crises, is now the biggest obstacle to their reform since it remains largely in the hands of conservative ruling families, analysts say.
Rebels of the Lord's Resistance Army (LRA) killed at least 18 people, most of them women, in the northern Ugandan district of Lira last week, clergymen and military officials said Sunday.
The United States has agreed to pull all its troops out of the South Korean capital, raising security concerns as a crisis over North Korean nuclear programmes persists, officials said Sunday.
A woman singer has reappeared on Afghan state-run television, apparently signalling that reformists have won a dispute with conservatives over women entertainers.
A witness to the 1997 Paris car crash which killed Britain's Princess Diana has described seeing a white Fiat being driven in a strange manner at the scene, a British newspaper reported Sunday.
US experts have found no trace of chemical warfare agents in three dozen mortar shells found in Iraq earlier this month, after a second round of definitive testing, the Danish military said Sunday.
South Africa's rand currency has become the latest "miracle" in a country that astonished the world in 1994 with its peaceful transition to democracy and the end of apartheid white minority rule.
Jamaat-e-Islami Punjab Majlis-e-Shoora has severely criticised the government for failing to stop the increase in the prices of essential commodities and petroleum products and alleged that the government is be-fooling the masses by increasing the petrol
To the country's Islamic leaders, Mauritanias bearded, white-robed preachers are devout Muslims spreading an interpretation of Islam they believe many have watered down.
A few letters appeared in the press recently about the appointment of chief of the Oil and Gas Development Authority (OGRA) at a high salary and perks amounting to about half a million rupees per month.
Iraq's new banknotes have taken over as the top item for confiscation by customs at Egyptian airports, taking over from Viagra pills, mobile phones and computers.
In a Russian perspective of South Asia, its Institute of Oriental Studies comments: "Among territorial sub-regions of the world, South Asia is unique in having a density of population six times more than the average for the planet. Barring tropical Africa
The Income Tax Ordinance, 2001, promulgated on 13th September 2001 and made effective from 1st July 2002 in Pakistan, does not define 'derivative financial instruments' which are flexible tools for financial engineering and speculators.
Regrettable, indeed, is the reported refusal of the Customs authorities to allow registered fruit exporters duty-free import of cartons under the Duty and Tax Remission Rules for Exports (DTRE), which have been in force in order to help boost the country'
President General Pervez Musharraf finally made his long delayed address to a joint session of Parliament on Saturday amid nerve testing behaviour by the Opposition parties' members, who kept thumping on their desks and chanting slogans against him.
Finance Minister Shaukat Aziz will inaugurate international seminar on " S&T Policy Options for Developing Countries," here on Monday, January 19, at a local hotel at 9.30 am.
The Chehlum of former chief of JUP and MMA late Maulana Shah Ahmed Noorani Siddiqui was held here at Ameer Khusro Bagh near his Clifton residence on Sunday.
The Federal Minister for Information and Broadcasting Sheikh Rashid Ahmad has emphasised the importance of preservation of cultural heritage of the country assuring that government would accord support for the purpose.
Punjab Governor Khalid Maqbool has urged the philanthropists to join hands with the government in its efforts for overcoming unemployment, poverty alleviation and providing better health care facilities to people.
The AJK president Major General Sardar Muhammad Anwar Khan (Retd) has termed Indian government's parlays with an APHC faction is the fulfillment of Indian designs to divide Kashmiris.
The main Kashmiri Freedom Fighter Organisation Hizbul Mujahideen on Sunday vowed to continue Jehad till the liberation of every inch of occupied Jammu and Kashmir.
Employees Old Age Benefit Institution (EOBI) devised new ways to boost its earnings in the coming years, which has recorded a tremendous growth of 35 percent in six months ended December 2003 compared with same period a year ago.
The Pakistani film industry has immense potential of growth, and could earn billions in foreign exchange if the standard of production is improved and the virgin markets of North America, Europe and Middle-East are tapped in a professional manner.
A consultative "Workshop on annual revision and updating of electoral rolls 2004" was held under the auspices of Election Commission of Pakistan and UNDP here on Sunday.
Punjab Governor Lieutenant General Khalid Maqbool (Retd) has rejected the representation of Technical Education and Vocational Training Authority (Tevta) against the order of the Ombudsman Punjab regarding payment of house rent to a complainant.
The local situation belied ginners hope to gain from lower asking prices, but the same did not yield desired result as buying came down from even calculated 10,000 bales a day limit during the week ended on January 18, 2004.
The trading in the wholesale commodity markets maintained generally sluggish going, as changes depicted no major variations during the week ended on January 17, 2004.
Punjab Chief Minister Chaudhry Pervaiz Elahi has said that newspapers play a great role in the age of information and despite the effectiveness of electronic media, there is no substitute for the solid values of the print media.
Punjab Muttahida Majlis-i-Amal (MMA) President Hafiz Muhammad Idrees while terming the President's address to parliament as disappointing has alleged that the claims made by the President in the speech were totally baseless and contrary to facts.
As per Pakistan Cotton Ginners Association figures up to January 15, 2004, released on January 17, total arrivals of seed-cotton were equivalent to 8.870 million bales, against 9.191 million bales received on the same time last year.
As per Pakistan Cotton Ginners Association figures up to January 15, 2004, released on January 17, total arrivals of seed-cotton were equivalent to 8.870 million bales, against 9.191 million bales received on the same time last year.
Badruddin Fakhri, Member of National Council of Institute of Cost & Management Accountants of Pakistan (ICMAP), has been elected as President of South Asian Federation of Accountants (Safa) for the year 2004 in the 52nd assembly of the Federation held in
Export Promotion Bureau has received the following Trade Enquiries from abroad. Interested Pakistani parties dealing in the under mentioned items can obtain further details from the addresses given or from EPB Head Quarters and its Regional/Sub-Regional O
The United Nation's Centre for Trade Facilitation (Uncefact) and e-Business is a single focal point to promote trade facilitation based on information communication technology (ICT) in the world.
A renowned human rights activist Ansar Burney advocate has asked Pakistan and Dubai governments to help his trust in searching nine bodies of Pakistani immigrants drowned into seawater by human smugglers.
Prime Minister Mir Zafarullah Khan Jamali on Sunday said that all segments of the society have warmly welcomed the President's thought-provoking address to the Parliament, which marked yet another milestone in the country's smooth transition towards full-
A high-level joint delegation of US Chamber of Commerce and US-Pakistan Business Council will visit Lahore on Monday, January 19, to explore the investment avenues in different sectors for strengthening economic co-operation between the two countries.
A bomb exploded near main pipeline of Sui Northern Gas Pipelines Limited crossing Mauza Kakas Uchsharif. However, no damage was reported to the pipeline.
Punjab Chief Minister Chaudhry Pervaiz Elahi on Sunday directed IG Police to prepare a list of proclaimed offenders as well as launch an operation for apprehending criminals and their patrons in the province.
The dramatic thaw in Pakistan, Indian relations have created a new environment for enhancing trade and investment in Pakistan, said Pakistan's High Commissioner to the UK Dr Maleeha Lodhi.
Pakistan Muslim League (Nawaz) President in NWFP and former chief minister Pir Sabir Shah has said that opposition has protested over Legal Framework Order (LFO) in parliament as General Pervez Musharraf has completely changed parliamentary system of gove
All arrangements have been finalised in Faisalabad district to administer polio vaccine drops to the children under five years of age during forthcoming three-day national anti-polio drive starting from January 19.
Muttahida Majlis-i-Amal (MMA) on Sunday launched its mass contact drive to apprise the people about present government's anti-Kashmir, anti-freedom fighters, anti-nuclear and pro-secularism and pro-American policies
Federal Minister for Water and Power Aftab Ahmad Khan Sherpao has said that President Musharraf's address to the joint session of the parliament will allay the misgiving of world, being projected by the western media about Pakistan and Islam.
Cable Operations Association, Southern Punjab, has strongly reacted to institution of a case against a cable operator on sedition charges describing it unjust, unfair and repugnant to the norms of justice and said that they are as patriots as any other Pa
Worker Welfare Fund (WWF) has chalked out a comprehensive plan to start skill training programme for workers children to explore new markets of manpower export.
Demand driven policies will be formulated in consultation with the stakeholders to develop livestock sector on modern scientific lines, said provincial secretary livestock Mohammad Athar Tahir.
The Punjab government has formulated a comprehensive agricultural policy to provide modern agriculture inputs to farmers, loans on soft-term basis, the best way of marketing agriculture produce and provision of laser tractors to farmers at the union counc
Taking advantage of a thaw in tense relations, Pakistan has approached India for help in developing its software sector, an Indian industry group said here on Sunday.
Authorities plan to interrogate British-born Ahmad Saeed Omar Sheikh convicted in the murder plot of US journalist Daniel Pearl over his group's possible involvement in an assassination attempt on President Pervez Musharraf, security officials said on Sun
A panel comprising senior-surgeons and paediatric cardiologists has decided to perform upon three-year-old girl Alina a rare and extremely delicate procedure to help reconstruct an artificial breast bone at the gap exposing her heart.
The Muttahida Majlis-i-Amal (MMA) on Sunday announced the start of its mass contact campaign in Karachi for Nifaz-e-Shariat, protection of Islamic values and acceptance of its 17-point agenda for resolving public issues.
The Gold and Silver Card scheme was introduced to encourage Pakistani living abroad to send their remittances through normal banking channels and avoid using the 'Hundi' system.
Mystery shrouds the award of contract by Passco for the import of 150,000 tonnes wheat. The contract has been awarded to a local firm Tradesman at his offered price of 224.75 dollar per tonne in sharp contrast to the lowest bidder Australian Wheat Board (
Mystery shrouds the award of contract by Passco for the import of 150,000 tonnes wheat. The contract has been awarded to a local firm Tradesman at his offered price of 224.75 dollar per tonne in sharp contrast to the lowest bidder Australian Wheat Board (
India's Deputy Prime Minister Lal Krishna Advani on Sunday welcomed a statement by President Pervez Musharraf calling for a holy war against extremism, a report said.
India's Deputy Prime Minister Lal Krishna Advani on Sunday welcomed a statement by President Pervez Musharraf calling for a holy war against extremism, a report said.
Deposits at banks recorded a growth of 16 percent and advances appreciated by 17 percent in 2003 following sharp improvement in macro economic indictors, influx of remittances from overseas Pakistanis and introduction of credit cards.
India has approved the purchase of a refurbished Russian aircraft carrier, the Admiral Gorshkov, and a deal worth more than $1 billion is likely to be signed this week, defence ministry officials said on Sunday.
Anti-globalisation activists called on Sunday for unity against the United States and big business as 100,000 people from 130 countries met off a Bombay highway in the movement's first forum since the Iraq war.
Anti-globalisation activists called on Sunday for unity against the United States and big business as 100,000 people from 130 countries met off a Bombay highway in the movement's first forum since the Iraq war.
A man declared "dead" by doctors returned to life after being kept for some hours in a hospital mortuary in the northern Indian state of Haryana, a report said Sunday.
A Chechen great-great-grandmother born in 1881 could be the oldest woman in the world, Russian state television reported on Sunday, saying she pipped the current record holder by eight years.