A World Bank delegation led by Country Director John W. Wall called on Petroleum and Natural Resources Minister Amanullah Khan Jadoon here on Wednesday, and discussed with him matter pertaining to World Bank's co-operation in the petroleum sector.
Economic ties between North and South Korea were cemented Wednesday despite a diplomatic chill as officials from both sides opened offices to run a massive industrial park here.
Russia should use windfall oil revenues to fund early repayment of foreign debts, especially some of the $46 billion it owes to the Paris Club, Finance Minister Alexei Kudrin said on Wednesday.
Solar energy will become economically competitive in the next decade or so and supply a significant amount of the world's power after 2020, industry experts told a conference on Tuesday.
Eastman Kodak Co, the world's top maker of photographic film, said Wednesday its third-quarter profit rose, helped by the sale of one of its businesses and growth in its digital business, but declines in its traditional film segment held back revenue.
Eastman Kodak Co, the world's top maker of photographic film, said Wednesday its third-quarter profit rose, helped by the sale of one of its businesses and growth in its digital business, but declines in its traditional film segment held back revenue.
J.P. Morgan Chase & Co posted lower third-quarter earnings on Wednesday, missing analyst expectations, as costs from its July merger with Bank One Corp and anemic fixed-income trading revenue hurt profits.
Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Wednesday (October 20, 2004).
J.P. Morgan Chase & Co posted lower third-quarter earnings on Wednesday, missing analyst expectations, as costs from its July merger with Bank One Corp and anemic fixed-income trading revenue hurt profits.
Britain's public finances last month marked their worst September since records began although borrowing remains relatively stable in the fiscal year to date, official data showed on Wednesday.
Yahoo Japan Corp said on Wednesday its net profit in the second quarter rose 46.2 percent from a year earlier on higher sales, but it forecast little further growth in the current quarter due to higher costs.
Yahoo Japan Corp said on Wednesday its net profit in the second quarter rose 46.2 percent from a year earlier on higher sales, but it forecast little further growth in the current quarter due to higher costs.
Rioters in the western Chinese region of Chongqing burned police cars and looted government buildings after a quarrel between residents escalated into a riot involving thousands, residents and officials said.
Gold prices touched new peak level on Wednesday appreciating by almost Rs 120 per 10 grams after international gold prices reached new heights. The prices in Karachi gold market on Wednesday increased to Rs 8,246 per 10 grams from Rs 8,126 of Tuesday foll
Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm
Gold prices touched new peak level on Wednesday appreciating by almost Rs 120 per 10 grams after international gold prices reached new heights. The prices in Karachi gold market on Wednesday increased to Rs 8,246 per 10 grams from Rs 8,126 of Tuesday foll
Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
The Cabinet Committee on Privatisation (CCoP) on Wednesday approved transaction structure for Karachi Electric Supply Corporation (KESC), allowing the Privatisation Commission (PC) to sell 51 percent to 73 percent shares of the utility to a strategic buye
The Cabinet Committee on Privatisation (CCoP) on Wednesday approved transaction structure for Karachi Electric Supply Corporation (KESC), allowing the Privatisation Commission (PC) to sell 51 percent to 73 percent shares of the utility to a strategic buye
The government has decided to provide subsidy of Rs 2 million from Export Development Fund (EDF) to potato exporters. According to a press release, the decision was taken at a meeting of EDF Board here on Wednesday where it was felt that exporters of pota
The government has decided to provide subsidy of Rs 2 million from Export Development Fund (EDF) to potato exporters. According to a press release, the decision was taken at a meeting of EDF Board here on Wednesday where it was felt that exporters of pota
Brazil's 2004/05 (May/April) cocoa arrivals from Bahia and other states totalled 1.83 million 60-kg bags by October 17, down 17 percent from 2.21 million bags a year ago, the Bahia Commercial Association said Wednesday.
The controversy on price structure and commencement of sugarcane crushing season ended on Wednesday when 25 mills, out of 28, fired up their boilers. According to sources close to Sindh Cane Commissioner office, 24 sugar mills have lighted up their boiler
The controversy on price structure and commencement of sugarcane crushing season ended on Wednesday when 25 mills, out of 28, fired up their boilers. According to sources close to Sindh Cane Commissioner office, 24 sugar mills have lighted up their boiler
The Karachi Port handled 104,926 tonnes of cargo including 98,731 tonnes import and 6,195 tonnes export cargo during last 24 hours ending at 0700 hours on Wednesday.
Equities witnessed broad-based erosion at the Islamabad Stock Exchange (ISE) where bulls handed over the floor to the bears amid the decrease in the ISE index. The ISE network index showed a decrease of 75.43 points as the rate-based indicator moved from
Soft red winter wheat futures at the Chicago Board of Trade ended higher on Tuesday on a technical bounce as buy-stops were hit, triggering a bout of fund-short covering, traders said.
Equities witnessed broad-based erosion at the Islamabad Stock Exchange (ISE) where bulls handed over the floor to the bears amid the decrease in the ISE index. The ISE network index showed a decrease of 75.43 points as the rate-based indicator moved from
Share prices on Lahore Stock Exchange (LSE) Wednesday dropped following heavy selling pressure emerged in last minutes that forced the index to shed 72 points amid improvement in the turnover. According to stock analysts, the late session profit-selling p
The value of wheat imports of Tunisia, main state wheat importer in North Africa, dropped 22.23 percent in the January-August period in 2004 from the same period a year ago, official figures showed on Wednesday.
Share prices on Lahore Stock Exchange (LSE) Wednesday dropped following heavy selling pressure emerged in last minutes that forced the index to shed 72 points amid improvement in the turnover. According to stock analysts, the late session profit-selling p
Thai rice futures ended higher on Wednesday, tracking the physical price on strong demand from exporters who need to buy rice to fulfil shipments, brokers said.
The share prices remained range-bound as a volley of selling orders before the close reduced the overall tally and the index finished with small pruning. The KSE-100 index fell 1.70 points, 0.03 percent, to 5465.36 as compared with 5467.06. The volume ros
Pakistan's palm oil rates were firm on the back of high domestic demand and dealers said on Wednesday they were in no hurry to place new import orders when international oil prices were on the high side.
The share prices remained range-bound as a volley of selling orders before the close reduced the overall tally and the index finished with small pruning. The KSE-100 index fell 1.70 points, 0.03 percent, to 5465.36 as compared with 5467.06. The volume ros
Ukraine increased wheat exports through its seaports to 220,100 tonnes in the first 10 days of October from 112,900 tonnes in the same period of September, a local agriculture constancy said on Wednesday.
The Transparency International (TI) has placed Pakistan at 129 in its annual ranking of corrupt countries released on Wednesday, with Bangladesh rated the most corrupt in the world for the fourth consecutive year.
Spanish farmers started sowing wheat and barley this week after rain softened the soil, while grain prices nudged higher because of the rising cost of freight, traders said.
The Berlin-based Transparency International (TI) has called for whistleblower protection and effective implementation of anti-corruption reform in Pakistan.
The Trading Corporation of Pakistan (TCP) is to pay heavy demurrage due to slow lifting of wheat being imported to eliminate grain shortage in the country, sources at Port Qasim revealed on Wednesday. Wheat discharged from a second ship of the total five
The Trading Corporation of Pakistan (TCP) is to pay heavy demurrage due to slow lifting of wheat being imported to eliminate grain shortage in the country, sources at Port Qasim revealed on Wednesday. Wheat discharged from a second ship of the total five
Supportive buying by the Trading Corporation of Pakistan (TCP) and exporters helped the prices to hold on to their overnight levels on Wednesday, dealers said.
The State Bank on Wednesday injected Rs 14 billion to fill the liquidity-dry money market and provide relief for at least one week. The injection of liquidity into the market, which experienced a fairly long dry spell, got immediate response as the rates
The State Bank on Wednesday injected Rs 14 billion to fill the liquidity-dry money market and provide relief for at least one week. The injection of liquidity into the market, which experienced a fairly long dry spell, got immediate response as the rates
Some armed dacoits looted a huge amount of foreign currency from a moneychanger (Paracha Money Changer) located in Saddar under the jurisdiction of Preedy Police Station here on Wednesday.
US cocoa futures ended in the red on Tuesday after quickly turning on their heels in late trading on weak technical signals and a lack of follow-through speculative buying, traders and floor sources said.
Prime Minister Shaukat Aziz on Wednesday directed the Minister for Food and Agriculture to ensure that farmers get the due price for their produce, fixed by the government.
US coffee futures extended losses on Tuesday for the second day in a row as speculative funds sold on improving crop prospects in top grower Brazil, traders said. "A lot of people are talking about the flowering trees in Brazil," one trader said.
The Estate Office has started computerisation of the record of government houses in the federal capital, sources told Business Recorder here on Wednesday.
US crop subsidy costs are skyrocketing in the wake of this fall's mammoth harvest, possibly making the farm program a larger target in the struggle to rein in federal spending in 2005.
Prime Minister Shaukat Aziz on Wednesday emphasised the need to improve the export of citrus fruit and announced to set up export terminal in Sargodha for this purpose.
Malaysian oil palm product exports for October 1-20 stood at 804,369 tonnes, down 9.4 percent from the 887,481 tonnes shipped in September 1-20, cargo surveyor Society Generale de Surveillance said on Wednesday.
Chief Election Commissioner, Irshad Hasan Khan on Wednesday notified programme of by-elections to fill the seats of Nazims of Union Council Urban, Tehsil Harnai, District Sibi; Union Council Nichara, District Kalat and Union Council Kalatuk, Tehsil Turbat
Tokyo gold futures firmed on Wednesday after gains in New York as the yen's steep rise against the dollar made local investors wary of chasing the rally.
Prime Minister Shaukat Aziz on Wednesday asked the parliamentarians to keep strict check and vigilance on the development projects to ensure their timely completion.
Comex copper prices finished with healthy gains on Tuesday, as bullish fundamentals like striking workers in Mexico, declining inventories, and robust demand provide an underpinning, copper traders said.
The Asian Development Bank will provide $ 802 million assistance to Pakistan during 2005 for eight projects. Informed sources stated that the ADB President Tadao Chino during his recent visit here promised assistance of two billion dollars for the next tw
The Asian Development Bank will provide $ 802 million assistance to Pakistan during 2005 for eight projects. Informed sources stated that the ADB President Tadao Chino during his recent visit here promised assistance of two billion dollars for the next tw
Gold was fluctuating narrowly around the key $420 an ounce level in Asia on Wednesday, losing momentum as the dollar took a breather after hitting a three-month low against the yen and as oil prices steadied.
Announcing the schedule of meetings of Pak-India dispute resolution working groups, the Foreign Office spokesman said on Wednesday that the meetings would start from November 29 and last until the middle of December. Among the groups' meetings during thro
Thai rubber prices are likely to remain steady over the next few days, with increased supply balanced by strong overseas demand, traders said on Wednesday.
Announcing the schedule of meetings of Pak-India dispute resolution working groups, the Foreign Office spokesman said on Wednesday that the meetings would start from November 29 and last until the middle of December. Among the groups' meetings during thro
Oil prices held steady above $53 a barrel on Wednesday as worries over a winter supply crunch countered expectations that high fuel costs would curb growth in petroleum demand next year.
Foreign shipping lines have slapped a general rate increase (GRI) on cargo destined for West Coast of South America from October 15. The rates of the GRI implemented are dollar 750 for a 20-foot container and dollar 1,000 for a 40-foot box.
Foreign shipping lines have slapped a general rate increase (GRI) on cargo destined for West Coast of South America from October 15. The rates of the GRI implemented are dollar 750 for a 20-foot container and dollar 1,000 for a 40-foot box.
US warplanes killed a family of six in raids against rebels led by al-Qaeda ally Abu Musab al-Zarqawi, while a top international aid agency suspended Iraq operations on Wednesday after its manager was kidnapped. A Reuters witness saw a man and a woman and
Rice prices in Vietnam, the world's No 2 exporter, are expected to rise further over the next few days on strong overseas demand, traders said on Wednesday.
US warplanes killed a family of six in raids against rebels led by al-Qaeda ally Abu Musab al-Zarqawi, while a top international aid agency suspended Iraq operations on Wednesday after its manager was kidnapped. A Reuters witness saw a man and a woman and
NYBOT raw sugar futures settled mixed on Tuesday, with sustain producer selling nudging key March lower, and brokers said the sweetener may slide further from follow-through sales in the days ahead.
Chicago Board of Trade soyabean futures ended higher on Tuesday on firm cash soyabean and soyameal prices, speculative short-covering and buying of November soyabeans by option traders, brokers and traders said.
Tokyo rubber futures slipped to a two-week low on Wednesday as crude oil prices took a break from their upward march, while a strong yen also weighed on the market.
Late rains in key oilseed-growing regions have improved the prospects of India's winter crop and the resultant soil moisture would boost the size of the summer crop, traders said on Wednesday.
Malaysian crude palm oil futures rallied on Wednesday, with the benchmark contract up 2 percent to return to the psychologically-important 1,400 ringgit-a-tonne mark, spurred by a rise in US soyaoil.
Hedge fund returns rose in September, but a muted performance this year after the triumphs of 2000-2003 has raised doubts about the durability of future earnings.