A federal judge on Thursday approved Enron Corp's plan to reorganise its debts, paving the way for the failed energy trading giant to emerge from bankruptcy protection before the end of this year.
NWFP Chief Minister Akram Khan Durrani has said the power and authority become unruly when there is no check and balance mechanism, adding the new system should have the capacity to fulfil its functions and responsibilities.
Bangladesh is likely to suffer a sharp drop in growth, exports and employment when remaining export quotas on its all-important textile industry are scrapped at the end of this year, the International Monetary Fund says.
Recruitment in Pakistan Army will be carried out at Taluka Council Nawabshah on July 29 by the Selection and Recruitment officer, Hyderabad, Major Syed Azhar Hussain Shah, an announcement said here on Thursday.
Russian state prosecutors, opening their case against oil magnate Mikhail Khodorkovsky, accused him on Thursday of leading a criminal group that plotted to acquire shares in privatised companies fraudulently.
The NWFP government on Thursday ordered the postings/transfers of the following officers of Schools and Literacy Department in the public interest with immediate effect.
Mobile phone maker Sony Ericsson reported stronger than expected second-quarter sales and profit on Thursday and gave an upbeat forecast, drawing a contrast with bigger rival Nokia whose bleak outlook shook the market.
Afghan Foreign Minister Dr Abdullah Abdullah has termed his talks with Pakistani leadership as positive and result-oriented. In an interview with Voice of America, he said his talks with Prime Minister Chaudhry Shujaat Hussain, Foreign Minister Khurshid M
Mobile phone maker Sony Ericsson reported stronger than expected second-quarter sales and profit on Thursday and gave an upbeat forecast, drawing a contrast with bigger rival Nokia whose bleak outlook shook the market.
The meeting of Parliamentary Party of Pakistan Muslim League (PML) and its allied parties would be held in the Committee Room No 2, Parliament House at 4,00 pm here on Friday.
More than 60,000 employees of German-US car giant DaimlerChrysler downed tools around the country on Thursday in a concerted day of action to protest against management's cost-cutting plans, unions said.
All Pakistan Commercial Exporters Association (Apcea) Chairman Jamal-ul-Hasnian has hailed the duty-free import of rough gemstones, saying the decision would go a long way in the promotion of the export of the country.
Singapore's key share index ended a touch lower on Thursday, weighed down by a US broker's downgrade of Chartered Semiconductor, one of the worlds largest supplier of custom-built microchips.
The Port Qasim Authority (PQA) has banned entry of vessels more than 20 years old into the Port limits from January 1, 2005. The decision was taken following the Tasman Spirit incident and socio-economic losses from the oil spill.
The National Assembly is expected to witness stormy proceedings, as it meets on Friday afternoon. The government has a long list of legislative business to be taken up during the session, likely to continue for about a fortnight, including tabling of the
Jakarta stocks closed in positive territory on Thursday, rebounding from losses the previous session partly sparked by explosions in the West Java city of Bandung, analysts said.
Putting off uniform by President General Pervez Musharraf is a constitutional requirement and hopefully he will put off his uniform before December 31.
Malaysian shares fell a second day on Thursday, dented by profit-taking and as key units of national oil firm, Petronas, continued a slide after the death of the company's chairman.
Syed Aley Maqbool Rizvi, Incharge Judge of Anti-Terrorism Court for Karachi Division on Thursday exonerated Dr Arshad Waheed and Akmal Waheed from charges of complicity in attack on the Corps Commander motorcade and Rangers firing case.
Philippine shares ended at a 3-week low on Thursday, hit by profit-taking on the back of a lack of direction in US and regional markets and renewed worries over rising oil prices.
The National Assembly Standing Committee on Local Government and Rural Development took serious note of delay in execution and implementation of development schemes proposed by the parliamentarians.
Hong Kong stocks ended flat on Thursday in thin trade but China plays outperformed the broader market, led by petrochemical shares after heavyweight Sinopec Corp made a rosy profit forecast.
Punjab government has made necessary security arrangements for the protection of foreigners working in different organisations and firms in the province.
Thai stocks fell almost one percent on Thursday as concerns about new bird flu outbreaks and firming oil prices prompted investors to cash out to reduce risks, analysts said.
Collector Sales Tax Lahore, Muhammad Ashraf Khan, has said that there are as many as 21,969 enrolled manufacturers and retailers who would be de-registered from Sales Tax in Lahore region out of total 40,000 liable to be de-registered all over the country
Sri Lankan stocks ended higher on Thursday as upbeat corporate earnings increased investor interest in blue chips and plantation stocks, but local activity was light, with the market driven by foreign trades.
Minister for Industries and Production Liaquat Ali Jatoi has approved the corporatisation of Expert Advisory Cell (EAC) and National Productivity Organisation (NPO) with a view to making them more independent and effective organisations to benefit the ind
US Treasury prices crawled lower on Wednesday after retail sales figures proved broadly in line with the market's more pessimistic forecasts and traders went back to their usual business of worrying about inflation.
Pakistan offered Preferential Trade Arrangement to Mauritius in order to enhance bilateral trade between the two countries. Commerce Minister Humayun Akhtar Khan stated this during his meeting with the Mauritius Minister of Commerce Premdut Koonjoo who ex
US Treasury prices crawled lower on Wednesday after retail sales figures proved broadly in line with the market's more pessimistic forecasts and traders went back to their usual business of worrying about inflation.
The national economy seems to be weak as income distribution is in favour of the rich, unemployment and non-core inflation is on the increase and data on revenue receipts and expenditure raise questions of transparency.
Tokyo's Nikkei average ended higher on Thursday as bargain hunters returned to blue chips such as Toyota Motor Corp in late trade, but concern over the technology sector outlook hit several tech shares.
The Central Board of Revenue (CBR) has reduced the quantity of crude palm oil to be imported by M/s Evian Oils Ltd from 220,000 MT to 35,007 MT per fiscal.
US stocks slid on Wednesday, led by a steep sell-off in the semiconductor sector, after a disappointing forecast from tech bellwether Intel Corp fanned investors' worries about the outlook for corporate profits.
The Central Board of Revenue (CBR) has reduced the quantity of crude palm oil to be imported by M/s Evian Oils Ltd from 220,000 MT to 35,007 MT per fiscal.
The Bangladesh taka dropped for a fifth straight day on Thursday as banks bought dollars for import related payments ahead of local Friday weekend, dealers said.
The Central Board of Revenue (CBR) has reduced the quantity of crude palm oil to be imported by M/s Evian Oils Ltd from 220,000 MT to 35,007 MT per fiscal.
Javedan Cement has announced increase in the cement prices, which would be applicable from 14th of this month. The decision was taken in a meeting held in Karachi.
The Swiss franc fell against the greenback in early trade on Thursday ahead of key US inflation data later this session and on Friday that will provide more clues about the timing and size of expected US interest rates rises.
The Collectorate of Customs (Preventive) has launched the facility of online filing of Goods Declarations (GDs) on 24-hours basis. Earlier, the oil importing companies in particular and other importers in general were filing their GDs through Internet or
The dollar edged up against other major currencies on Thursday but movements were limited as traders waited for US producer price data for more hints about the direction of US interest rates.
The Ministry of Finance has turned down a request of the Estate Office for the payment of six months dues of the last financial year that is to be paid to the owners of the rented houses on behalf of government employees.
The dollar slipped against the euro on Wednesday after US retail sales data showed consumer spending slowing, which analysts said would keep the Federal Reserve on a path of gradual interest rate hikes.
The Australian dollar slipped late in the day after the central bank said recent data suggested house prices fell further in the June quarter, dampening speculation of the need for higher cash rates.
Governor State Bank of Pakistan Dr Ishrat Husain on Thursday defended the government's policy of privatising commercial banks saying it is aimed at reducing losses caused by the mismanagement in the banking sector.
The Korean won fell to its lowest in a month on Thursday, undermined by foreign portfolio outflows and the fear of dollar-buying intervention, while other Asian currencies also ceded ground ahead of US inflation data.
Following the directions of Punjab Industries, Commerce and Investment Minister Muhammad Ajmal Cheema, Punjab Small Industries Corporation (PSIC) has announced a 'special relief package' for the benefit of defaulters of industrial plots throughout the pro
The Hong Kong dollar remained near the bottom of its recent range on Thursday afternoon as players continued to buy US currency due to the wider differential in Hong Kong and US interest rates.
The President on Thursday re-promulgated the Contempt of Court Ordinance 2004 to regulate the exercise of the powers of courts to punish for contempt of court.
A powerful blast in a village in China's northern province of Shanxi has killed at least 16 people and flattened 12 houses, Xinhua news agency reported on Thursday.
The President on Thursday re-promulgated the Contempt of Court Ordinance 2004 to regulate the exercise of the powers of courts to punish for contempt of court.
Nearly a year after Cambodia's inconclusive general election, the National Assembly ratified a new government on Thursday, with long-serving Prime Minister Hun Sen sworn in for another five-year term.
The Central Board of Revenue (CBR) has decided to issue notices to the non-filers of income tax returns for the tax year 2003, sources told Business Recorder here on Thursday.
Chile may investigate possible secret bank accounts of former-dictator Augusto Pinochet, President Ricardo Lagos said on Thursday, reacting to a US Senate report that said a Washington-based bank helped Pinochet hide his assets.
The Central Board of Revenue (CBR) has decided to issue notices to the non-filers of income tax returns for the tax year 2003, sources told Business Recorder here on Thursday.
A boat carrying some 30 illegal immigrants was feared to have sunk in rough Mediterranean seas after Maltese armed forces said they had called off a search for the vessel on Thursday.
As many as 29 people were killed in fresh spat of violence across Iraq. The security forces killed 15 terror suspects and arrested nine in a raid on Haifa street in central Baghdad, Defence Minister Hazem al-Shaalan told reporters on Thursday.
Hundreds of thousands of people could die in Darfur in western Sudan this year unless medical relief organisations pre-position supplies and vaccinate people susceptible to cholera, the United Nations said on Thursday.
As many as 29 people were killed in fresh spat of violence across Iraq. The security forces killed 15 terror suspects and arrested nine in a raid on Haifa street in central Baghdad, Defence Minister Hazem al-Shaalan told reporters on Thursday.
Huawei Technologies, China's largest maker of telecommunications equipment, said on Thursday that it would open a new research and development (R&D) centre in Pakistan.
Unlike Britain, France and several other European Union states, Germany will not hold a referendum on the bloc's constitution, Chancellor Gerhard Schroeder said on Thursday.
Huawei Technologies, China's largest maker of telecommunications equipment, said on Thursday that it would open a new research and development (R&D) centre in Pakistan.
The tourism boom around one of the world's most popular summer holiday destinations, the Mediterranean Sea, is endangering freshwater supplies and tourists in the area must cut their consumption, the environmental group WWF said Thursday.
Prime Minister-designate and Finance Minister Shaukat Aziz during a meeting with US Deputy Secretary of State Richard Armitage stressed on the need of Pakistan having adequate conventional defence capability and on maintaining a balance of power in the re
Montenegro on Thursday hoisted a red flag emblazoned with a golden double-headed eagle above its parliament building for the first time since it lost its independence in 1918.
Prime Minister-designate and Finance Minister Shaukat Aziz during a meeting with US Deputy Secretary of State Richard Armitage stressed on the need of Pakistan having adequate conventional defence capability and on maintaining a balance of power in the re
Nasa successfully launched a new satellite from California on Thursday that promises scientists their best gauge yet of how the tug of war between international treaties and industrial pollutants is being played out in Earth's atmosphere.
The final road show for Pakistan Petroleum Limited (PPL) shares initial public offering (IPO) is being held under the auspices of the Privatisation Commission and Lead Manager Elixir Securities Pakistan (Pvt) Ltd in Peshawar on Friday.
An Auckland court sentenced two Israelis suspected of being Mossad spies to six months in prison on Thursday after they admitted trying to obtain a New Zealand passport fraudulently.
The final road show for Pakistan Petroleum Limited (PPL) shares initial public offering (IPO) is being held under the auspices of the Privatisation Commission and Lead Manager Elixir Securities Pakistan (Pvt) Ltd in Peshawar on Friday.
New Zealand Prime Minister Helen Clark suspended all high-level contacts with Israel on Thursday after two Israelis suspected of being spies for Mossad were jailed for trying to obtain a passport by fraud.
The final road show for Pakistan Petroleum Limited (PPL) shares initial public offering (IPO) is being held under the auspices of the Privatisation Commission and Lead Manager Elixir Securities Pakistan (Pvt) Ltd in Peshawar on Friday.
A huge fire at a Madrid power substation triggered explosions and led authorities to shut down the centre of the city, jangling nerves four months after train bombings killed 191 people.
Commerce Minister Humayun Akhtar Khan on Thursday has advised the Sindh government to promote parboiled Irri-6 rice in the province for export purposes.
Nine policemen and an expatriate Arab were injured in violent demonstrations in which some 3,000 members of a Saudi tribe tried to halt a public auction of land in the west of the kingdom, a local newspaper said on Thursday.
The Southeast Asian monarchy of Brunei will reconvene parliament for the first time in decades as part of political reforms to "engage the citizens", Sultan Hassanal Bolkiah announced Thursday.
The United States said Wednesday it would continue selling weapons to Taiwan, shrugging off a warning from Beijing that any improvement in US-China relations hinged on America cutting military links with the island.
An earthquake measuring 5.0 on the Richter scale hit the mainly Northern Areas on Thursday afternoon, but there were no reports of casualties or damage, said officials of the meteorological department.
Former South African President Nelson Mandela, in a veiled swipe at the United States, called on donors on Thursday to join efforts to pour billions of dollars into a global fund to fight AIDS.
Of the six private airlines, which were established following the cabinet committee's decision in 1992, four have closed down, leaving Rs 830 million outstanding to the Civil Aviation Authority (CAA) and fuel companies.
Hundreds of alleged members of al Qaeda, including 18 of its top leaders, and other terror groups are living in Iran, some under tight security, Asharq Al-Awsat newspaper reported Thursday.
Liquefied petroleum gas PG Distributors Association Lahore in its meeting held here on Thursday unanimously approved to raise the price of LPG from Rs 34 per kg to Rs 36 per kg.
Black holes, those fearsome galactic traps from which not even light can escape, may not be quite so terminally destructive after all, according to cosmologist Stephen Hawking.
Liquefied petroleum gas PG Distributors Association Lahore in its meeting held here on Thursday unanimously approved to raise the price of LPG from Rs 34 per kg to Rs 36 per kg.
China supports expansion of the UN Security Council, the Foreign Ministry said on Thursday, but was non-committal about Germany's bid for permanent membership for which visiting Foreign Minister Joschka Fischer was pushing.
Muslim-majority Malaysia is considering sending a medical team to Iraq as a contribution to a multilateral force in the country, Prime Minister Abdullah Ahmad Badawi said on Thursday.
A report on Iraq intelligence sparked accusations on Thursday that British Prime Minister Tony Blair has adopted a presidential style and runs "government by sofa" with a coterie of unelected advisers.
John Edwards, opening his first solo campaign swing since becoming No 2 on the Democratic White House ticket, attacked US President George W. Bush on Wednesday for his failure to take responsibility for flawed US intelligence on Iraq.
The Supreme Court has granted status quo to the Polish Oil and Gas Company working in Pakistan on the appointment of a liquidator until its appeal against the Banking Judge of the Lahore High Court was disposed of.
A Filipino held hostage in Iraq told his family in a videotaped message aired on Thursday he would be home soon, but the militants holding him said he would be freed only after Manila withdrew its troops from Iraq.
The government is actively pursuing to ratify Kyoto Protocol, which the cabinet has discussed and the preparation is at advanced stage, said Secretary Environment Javed Hasan Ali while speaking at a workshop on Carbon Finance Initiative at World Bank Paki