Russian oil exports could drop next month if prices slide, as a hike in duties threatens to render many marginal routes unviable, traders said on Friday.
Japanese banks should take advantage of an improving economy to accelerate their disposal of bad loans, Economics and Financial Services Minister Heizo Takenaka said on Sunday.
Iran's government has approved a bill banning all tobacco advertising, smoking in public buildings and transport, and the sale of cigarettes to under-18's, the official news agency IRNA said Sunday.
Foreign ministers of the 25 member states of the European Union meet in Brussels Monday to put the final touches to their joint negotiating position at the World Trade Organisation (WTO) talks which open in Geneva on Tuesday.
US President George W. Bush's administration, gunning for re-election November 2, has all but ruled out one-way concessions to get a global free-trade deal.
The median overnight rate on the Egyptian pound rose slightly to 10-3/4 percent on Sunday from 10-1/2 percent on Thursday as bankers awaited the result of a treasury bill auction.
Egypt stocks ended slightly higher on Sunday as investors looked for fresh news to rekindle a two-week rally sparked by a cabinet reshuffle, traders said.
The Toronto stock market has become a tough audience and companies are finding they better deliver nothing less than stellar performances if they want applause.
Sri Lanka is run by a shaky Marxist-backed minority government, the island's peace process is in tatters with Tamil Tiger rebels warning of war, but the country's stock market is racing.
Japanese shares could fall this week as investors continue to worry about future earnings at top companies even if first quarter results that are starting to roll in are as good as expected.
The yen led Asian currencies lower over the week after the US dollar was boosted by upbeat midweek comments by Federal Reserve chairman Alan Greenspan on the US economy.
US investment bank Lehman Brothers has pulled out of talks to acquire UK stockbroker Cazenove, The Business newspaper reported on Sunday, without citing any sources.
US investment bank Lehman Brothers has pulled out of talks to acquire UK stockbroker Cazenove, The Business newspaper reported on Sunday, without citing any sources.
Taiwan stocks are expected to stabilise this week after falling 8 percent so far this month to touch a near 1-year low last week on worries over the outlook for the tech industry.
The number of firms reporting results gathers steam next week with British giants BP, Vodafone and GlaxoSmithKline dominating, but these are unlikely to move European bourses out of their rut.
Investors will scrutinise results this week from South African gold producers such as the world's number two gold miner AngloGold Ashanti to gauge how far the strong rand has eaten into earnings, traders said on Friday.
Hong Kong stocks are seen rising this week, boosted by high expectations for earnings from Bank of East Asia, which kicks off the latest reporting season.
Heavyweight UK firms Vodafone, BP and Shell will step into the spotlight this week in one of the busiest corporate weeks of the year, marking a pivotal point for investors looking to lift the market's deepening gloom.
The Shanghai Stock Exchange has decided to implement Deutsche Bourse's Xetra electronic trading system, a German newspaper reported on Saturday, citing financial market sources.
Indian shares are seen rising further this week on strong earnings reports from key companies, but gains will be capped by concerns about the monsoon, traders said.
China must reinforce its national defence and prioritise the protection of its territorial integrity, President Hu Jintao said in state media Sunday as Beijing was reportedly organising military exercises opposite Taiwan.
Afghanistan's fledgling national army has seized a large weapons cache during a search operation in a Taleban stronghold in the south-east of the country, a defence official said Sunday.
Eight people were shot dead at a Tamil Tiger safe house near the Sri Lankan capital on Sunday in an attack blamed on the months-old split in the senior ranks of the rebel leadership.
US Democratic presidential candidate John Kerry said in an interview published on Sunday that he would oppose any move to postpone November's presidential election in the event terrorists launch an attack to disrupt the vote.
Former Turkish prime minister Bulent Ecevit, the man who sent Turkish troops into northern Cyrprus in 1974, quit the leadership of his Democratic Left Party on Sunday, ending a 50-year political career.
Iran's main armed opposition group said Sunday that the US-led coalition had granted its militants in Iraq protected status, despite its listing as a terrorist organisation by both Washington and its key allies.
Pakistan cricket team will tour India early next year to play a full series, the Board of Control for Cricket in India (BCCI) president Jagmohan Dalmiya said in Kolkata on Sunday.
England captain Michael Vaughan became only the third man in history to make hundreds in both innings of a Lord's Test, on the fourth day of the first Test against the West Indies.
Former Pakistan Cricket Board (PCB) Chief Lieutenant General (R) Tauqir Zia, dispelled rumours of his comeback as PCB chairman saying that he had no intentions to assume the previous office again.
All rounder Shoaib Malik cracked a career-best 143 to power Pakistan to a 59-run win over arch-rivals India in their second round Asia Cup match on Sunday.
During the last century, 60s', 70s' and early days of 80s', were the prime years for PIA Engineering. As we turn the pages of organisational history for this period, we find that PIA Engineering grew to become a large Aircraft Maintenance Organisation.
How PIA Acquired International Aviation Approval of EASA - part-145 for its Engineering And Maintenance Department From European Aviation And Safety Agency
This is truly a momentous occasion for the entire aviation industry in Pakistan. The landmark achievement by PIA Engineering and Maintenance Department, of obtaining international certification and Part-145 approval by EASA, is an event of great significa
As the "accountable manager" of PIA Engineering and Maintenance department, it gives me great pleasure to congratulate all my Chief Engineers, Managers Engineering, Aircraft Engineers, technicians and other personnel of the department on having achieved i
Approximately three years after the new management took over, we are celebrating the award of Part-145 approval to PIA's Engineering department, and its international acceptance and designation as an approved maintenance organisation.
The dues recovery campaign of Hyderabad Electric Supply Company (Hesco) is yet to yield some significant results as a huge amount on account of arrears continues to be outstanding against public and private power consumers.
Already weighed down by insecurity, violence and grinding poverty, Palestinians have recently shown in dramatic fashion that they can no longer turn a blind eye to yet another hazard of everyday life: rampant corruption.
The Recorder's news coverage "Pakistan to face 5,000 MW power shortage by 2006 (July 11 issue) and July 12 editorial "The rising power demand" again high-lights our critical energy situation. Drastic steps are now required to solve the basic problems of i
OGDC production manager Shaukat Ali was killed when the main transmission line of Nundpur (Kabirwala) burst violently. His body was sent to Rahimyar Khan after post-mortem for burial.
Tens of thousands come each year, from ash-smeared Hindu holy men to housewives and prosperous professionals, driven by a deep faith to trek to an icy shrine high in the Himalayas in Indian occupied Kashmir.
Pakistan's 79.6 million hectares geographical area contains 9.14 million hectares cultivable wasteland. It is almost half of the country's cultivated area. Of the total 9.14m hectares wasteland, there are 4.87m hectares in Balochistan, 1.74 hectares in th
Despite enjoying necessary incentives, agriculture could not contribute to the achievement of macroeconomic objectives; and what is more disappointing is that the prices of most agricultural commodities, particularly food, continue to rise.
The Export Promotion Bureau has launched a high-budget publicity campaign these days in the Press on the theme of export "target exceeded". As reflected in these ads, EPB "...gratefully acknowledge(s) the leadership and commitment of the President of Paki
Prime Minister, Chaudhary Shujaat Hussain, talking with a delegation of women parliamentarians, who called on him on 17.7.2004, has informed that a Bill would soon be tabled in parliament for bringing the offenders in cases of honour killings to justice.
Access to basic social services not only forms the care of development but is also increasingly recognised as a basic human right serving to reduce non-income poverty of poor households enabling them to lead healthier and more productive life.
During his meetings with President General Pervez Musharraf and Foreign Minister Khurshid Mehmood Kasuri, the visiting German Foreign Minister, Joschka Fischer, asked for Islamabad's support for his country's bid to become a permanent member of the UN Sec
The IMF Staff Report released after completion of the eighth review of Pakistan's three-year Poverty Reduction and Growth Facility (PRGF), gives high marks to the country's economic performance but also points out, without mincing words, the vulnerabiliti
Chief Executive Peshawar Electricity Supply Company (Pesco), Brigadier Tahir Saeed Malik has said that Pesco has planned spending Rs 7 billion during the current fiscal for improving power supply system in NWFP.
Chairman Standing Committee of Sarhad Chamber on Dry Port, Zia-ul-Haq Sarhadi has stressed upon the government to take effective measures for strengthening trade infrastructure and enhancing country's export.
Provincial Forest Department has kicked off a multi-pronged plan for enhancing the acreage of forests and overcoming the pollution caused by the industrial sector through the plantation of eucalyptus trees in the Punjab.
The Employees Old-Age Benefits Institution (EOBI) has decided to invest in real estate to generate funds for establishing the organisation on sound footing.
Some unidentified person threw acid on eight daughters of a sweetmeat merchant in Village No 113/10-R (Jehanian) some 40-km south east of Multan on Saturday night when they were sleeping in the open-yard of their home.
Minister of State for Information Technology, Justice, Law and Parliamentary Affairs, Barrister Reza Hayat Haraj said on Sunday that the present government would complete its tenure.
Three officers of the Kohinoor Industries were burnt alive in a bid to save mill's 50-year-old record, when a huge fire broke out in a Section No 5 here on Sunday morning.
Eating chocolate may be a good way to keep the heart healthy, say researchers. A study, presented to the European Society of Cardiology (ESC), suggests that polyphenols, which occur naturally in cocoa, may help to maintain cardiovascular health, BBC repor
A multi-dimensional programme has been initiated aimed at combating intensive threats of pollution caused by the establishment of ill-planned tanneries in and around Sialkot.
Light to moderate rain has been forecast for upper catchments of the rivers Sutlaj, Beas, Ravi, Chenab and Jhelum along with northern and north-eastern Punjab during next 24 hours.
Provincial Co-operative Minister Colonel Malik Muhammad Anwar (Retd), on Sunday said that election process in NA-59 Attock would be completed under the vigilance of national and international media and observers.
More than 0.15 million people confined to their houses in 19 villages of the Okara agriculture farm on Sunday, and hundreds of animals might be died due to non-availability of fodder as the Rangers and Police have cordoned off all the ways leading to thes
As most people work on developing the perfect strategy to pre-empt stock market volatility, institutions all over the world are using risk assessment techniques to identify and quantify the risks involved in any activity.
The Central Board of Revenue (CBR) has decided to enhance the level of automation at the Large Taxpayer Unit (LTU), Karachi for speedy processing of cases to extend maximum facilities to the largest taxpaying units.
A colourful award distribution ceremony at the conclusion of one-month "Summer Vacation Camp" for children organised by Islamabad Capital Territory Police (ICTP) was held here on Saturday with a dog show and exhibition of martial art skills as the main fe
The Union of Small & Medium Enterprises (Unisame) has urged the State Bank of Pakistan (SBP) to review the penalty rules for Export Refinance (ERF) and reduce the mark up to 2 percent for the period July 2004 to 2005 to enable the exporters to meet the ch
Warid Telecom Pvt Limited (Warid Telecom) has chosen Ericsson to build a green-field nation-wide GSM network in Pakistan. Under the Letter of Intent (LOI) signed between the two parties, Ericsson will provide a complete turnkey GSM solution comprising the
The Leader of Opposition, Fazalur Rehman on Sunday suggested to US authorities to hold dialogues with leaders of Muslim Ummah for correct and acceptable definition of terrorism.
With the completion of sowings in the late sowing areas, cotton sowing in 2004-05 season has come to an end. Cotton harvesting in early sowing areas of Lower Sindh and some areas of central Punjab in Sahiwal, Chichawatni and Mian Chunnu has already commen
With the completion of sowings in the late sowing areas, cotton sowing in 2004-05 season has come to an end. Cotton harvesting in early sowing areas of Lower Sindh and some areas of central Punjab in Sahiwal, Chichawatni and Mian Chunnu has already commen
Mohamed Salim Kapadia, President of Pakistan-Romania Business Forum and former senior vice-president of Karachi Chamber of Commerce & Industry, has welcomed the Trade Policy announced by Commerce Minister Humayun Akhtar Khan for the fiscal year 2004-2005.
World Bank (WB) through the International Development Association (IDA) agreed to provide Rs 4.5 billion loan to restructure irrigation network in Sindh.
At least eight people, including a woman were killed and other four women and an infant were seriously injured during a shootout between Solangi and Jagirani near Machyoon Police outpost at early hours of Sunday.
Some essentials like wheat and sugar rose substantially on the wholesale commodity markets during the week ended on July 24, 2004. Other commodities, which showed up trend were plastics, guwar, milk powder, castorseeds but rapeseed and cakes were down in
The Council of International Bureau of Education, United Nations has awarded "Jan Amos Comenius Medal 20O4" to Professor Dr Munawar Mirza, Director, Institute of Education and Research, Punjab University for his outstanding achievements in educational res
The Trade Policy 2004-05 prospects pushed cotton trading on the local market held up for quite sometime looking for a direction during the week ended July 24, 2004.
Deputy Chief of Mission (DCM), Embassy of Pakistan, Washington DC, has arrived in Boston on a four-day visit, to attend the Democratic National Convention, on invitation of the National Democratic Institute (NDI).
In-charge Balkaser police check-post nabbed two drug pushers in two different operations and recovered a handsome quantity of charas and an illicit arms from their possession here on Sunday.
Pakistan Railways will commence a non-stop train service between Lahore and Rawalpindi from August 1, 2004, with latest AC parlour, lower AC and economy class coaches for the comfort of passengers.
Federal Minister for Industries and Production Liaqat Ali Khan Jatoi said on Sunday the Export Processing Zone Authority (EPZA) Road Shows in Britain, were to brief the potential investors of its different packages to persuade them make investment in Paki
Federal Finance Minister and Prime Minister-designate Shaukat Aziz has said Thar is very backward and poverty-hit area despite the fact that it is included among 10 big coal reserves of the world.
Three vacation benches of the Supreme Court will work at three cities during the next judicial week from Monday to Friday, according to a roster available here on Saturday.
The Aga Khan Trust for Culture (AKTC) and the World Monuments Fund (WMF) will inaugurate a wide range of projects with the opening of Mostar's reconstructed old bridge that include urban planning, the restoration of monuments, improvement of the historic