Currency speculators on the Chicago futures market added net long yen positions in the week ended October 26, data from the Commodity Futures Trading Commission showed on Friday.
Rice Exporters Association of Pakistan (Reap) has reiterated that the Quality Review Committee (QRC) was strictly following the prescribed procedure before certification.
Prime Minister Shaukat Aziz will leave for a visit to Saarc member countries on Monday to reaffirm Pakistan's commitment to regional co-operation besides having interaction on bilateral front and discussions on regional and global developments.
Women Wing of Pakistan Muslim League has constituted a Central Supreme Council comprising women parliamentarians to streamline the efforts of women to resolve problems of the people.
Construction of more water reservoirs was need of the hour, and progress should be made rapidly towards that most important sector of the country, former Chairman Wapda Shams ul Mulk said while speaking in a national TV programme.
Senate Chairman Mohammedmian Soomro has expressed deep sense of shock and grief over the sad demise of Mian Mohammad Sharif, father of a former prime minister, Nawaz Sharif, and Punjab former chief minister, Shahbaz Sharif.
Federal Minister for Water and Power Liaquat Ali Khan Jatoi said Saturday that it is the government's policy to provide basic facilities to the people and the same were being provided to them.
Minister of State for Water and Power Engineer Amir Muqam has said Pakistan Muslim League would participate in the bye-elections in NA-35 Malakand to ensure solution of problems of people as the NWFP government had failed to provide them basic needs of li
Minister for Industries and Production Jehangir Khan Tareen has said government would devise an industrial strategy by the end of January next year to generate more job opportunities in the country.
Minister of State for Interior Wasim Shahzad said on Saturday the government has constituted a committee to further probe into the short-circuiting incident that occurred at a local hotel a couple of day ago in the Federal Capital.
Prime Minister Shaukat Aziz has said that government is taking sincere and serious efforts to improve law and order situation in the country, and a task force should be constituted to stop industrial robberies.
Commerce Minister Humayun Akhtar has said that status of 'Most Favoured Nation' (MFN) to India can only be given after ensuring level playing field for Pakistan's industry.
The Islamabad Stock Exchange (ISE) has elected five directors for the year (2004-2005) in the 15th Annual General Meeting (AGM) of the exchange held here on Saturday.
The United Nations Industrial Development Organisation (Unido) will execute Trade-Related Technical Assistance (TRTA) Programme in Pakistan to enhance the country's exports, which is funded by the European Union.
The provincial Zakat Council in its meeting has proposed to release Rs 42.5 million to district Zakat and Ushr committees on account of Eid-ul-Fitr grant to be disbursed among already entitled Mustahaqeen. It was learnt on Saturday.
The World Bank (WB) has praised performance of the Muttahida Majlis-i-Amal (MMA) government in NWFP for achieving targets set under its $270 million Structural Adjustment Credit (SAC) plan during financial year 2004-05.
The Central Board of Revenue (CBR) disposed of 1112 adjudication cases during July-September 2004-05 against 9224 pending cases. The amount involved in these cases was reduced to Rs 3.7 billion from Rs 36.2 billion.
Pakistan were bowled out for 478 and set imposing lead in the first innings in response to Sri Lanka's 208 all out in the post luncheon session on the third day of the final Paktel GSM Cup Test match at the National Stadium here on Saturday.
Wicketkeeper Parthiv Patel and batsman Yuvraj Singh were among four players dropped from the Indian squad for the fourth and final Test against Australia starting in Bombay on Wednesday.
Birthday boy Terry Pilkadaris is threatening to blow away his rivals after opening up a three-stroke lead in the third round of the Sanya Open golf tournament in China on Saturday.
It is disturbing to learn from a report in this newspaper (October 28) that the US Customs have imposed an embargo on the clearance of export shipments of shop towels under Category 369(S) from Pakistan with immediate effect.
The blast that shook a five-star hotel in Islamabad on Thursday has generated a new sense of scare among the people, while some embarrassed government leaders have been making unsuccessful efforts at a cover-up. As it is, the hotel is situated in the vici
The growth momentum of the economy continued to accelerate in FY04, with real GDP rising by a robust 6.4 percent, well above the 5.3 percent target for the year. As in the previous year, the growth was led principally by industry and in particular Large S
The growth momentum of the economy continued to accelerate in FY04, with real GDP rising by a robust 6.4 percent, well above the 5.3 percent target for the year. As in the previous year, the growth was led principally by industry and in particular Large S
The State Bank of Pakistan is apparently pursuing a policy which is at variance with that of the P.M . While reacting to the reported transfer of over a billion dollars from Pakistan to Dubai for investments in real estate there.
Nobody doubts the sincerity of chairman PIA, who went out of his way to acquire billions of rupees to rejuvinate the national airline and make it financially viable.
The Soldier Bazaar police Saturday took into custody a demolition squad of Karachi Building Control Authority which had gone there to demolish the illegal constructions raised by United Bakers and Store in the jurisdiction of Ferozabad Police Station on t
Former Afghan President Burhanuddin Rabbani said that Pakistan and Afghanistan are two brotherly nations having deep-rooted emotional and geographical proximity.
National Commission on Status of Women Chairperson Justice Mrs Majida Rivzi (Rtd) on Saturday said that dignity and status of women and men, as equal citizens of Pakistan, is a moral imperative, constitutional obligation and a guiding principle of an egal
Sindh Chief Minister, Dr Arbab Ghulam Rahim on Friday inaugurated 183rd Urs of Hazrat Sachal Sarmast by laying floral wreath on the Mazar of the Sufi saint at Daraza Sharif, district Khairpur, and offered Fateha.
Azad Jammu and Kashmir (AJK) President Sardar Muhammad Anwar Khan has said the better way to pay homage and tributes to great Kashmiri leader Mirwaiz Moulana Muhammad Yousaf was to follow his teachings and foot steps to achieve the goal of freedom for whi
Various business organisations and businessmen have expressed their grief and sorrow over the demise of Mian Mohammad Sharif, father of former Prime Minister Nawaz Sharif and former Chief Minister Punjab Mian Shahbaz Sharif.
Pakistan Railways will operate a fast running train between Faisalabad and Karachi from November 9, which will cover the distance between the two main industrial cities of the country within 13 and a 1/2 hours.
Afghanistan's top court has sentenced three people, including an anti-Taleban commander, to death for the massacre of 11 Chinese engineers as they slept in tents in north-east Afghanistan in June, a court official said Saturday.
Kuwaiti police were called to the Saudi embassy in Kuwait City on Saturday after embassy staff reported a suspicious package, but the ambassador said later it contained only audio cassettes and CDs.
A North Korean man entered the US consulate in Vladivostok in the Russian far east this week to seek political asylum, a South Korean official said on Saturday.
President George W. Bush, responding to new threats from Osama bin Laden, told top aides to take all actions necessary to guard against attacks, and cast the election as a stark choice between his "whatever it takes" leadership and John Kerry's "cut-and-r
European papers on Saturday said Osama bin Laden's latest appearance would likely influence the upcoming US presidential election, but were divided over which candidate would profit most from it.
Calling himself "an innocent victim", Italy's Rocco Buttiglione withdrew as a candidate for the incoming European Commission on Saturday to help ease an unprecedented crisis for the executive.
Yasser Arafat underwent medical tests on Saturday and a senior Palestinian official said doctors had ruled out for the time being that the PLO leader was suffering from leukaemia.
Israeli soldiers shot dead a 12-year-old Palestinian boy on Saturday during confrontations with protesters in a refugee camp in the West Bank town of Jenin, medics said.
Iraqi President Ghazi al-Yawar arrived in Kuwait Saturday for the first ever official visit by an Iraqi head of state, during which he is expected to discuss a host of issues including debt and war reparations.
The US space agency has given a green light for the resumption of space shuttle flights in May 2005, more than two years after seven astronauts died in the mid-air disintegration of space shuttle Columbia.
Authorities closed Bangladesh's Rajshahi University indefinitely after nearly 200 students and teachers were injured in clashes with police and pro-government activists, officials and witnesses said on Saturday.
Hundreds of Muslim men were freed in southern Thailand on Saturday but many others faced prosecution after they were detained in last week's protest which left 85 dead and outraged Muslims world-wide.
The US Justice Department has not released a final chapter of the September 11 commission's report related to conflicting accounts of efforts to track and chase the jets hijacked that day, and is unlikely to do so before Tuesday's presidential vote, The N
Sugar prices were higher on the week's opening session on the grain market as demand increased by the consumers during the month of Ramazan, dealers said.
Coconut oil shipments from the Philippines, the world's largest shipper, fell by as much as 35 percent in October due to delays in the arrival of some ships, an industry group and the government said on Friday.
Prices continued downward movement on cotton market on Saturday in low activity as leading buyers including mills preferred to remain on sidelines on anticipation of further erosion in prices, dealers said.
Talk that China may have switched orders for soft red winter (SRW) wheat to hard red spring (HRS) wheat and profit-taking by speculators drove Chicago Board of Trade SRW wheat futures to a lower close on Friday, traders said.
Japan's Ministry of Finance said on Friday it did not intervene in the foreign exchange market in the four weeks ended October 27, despite the yen's steep rise to a six-month high against the dollar.
India's foreign exchange reserves rose for the eight week in a row to within striking distance of a record struck this year, boosted by a weaker dollar and foreign investments in a $1.2 billion share sale, analysts said.
The currencies of Gulf Arab oil-exporting countries have not benefited from the revenue windfall from this year's spike in the price of crude as they are pegged to the dollar and have suffered from its weakness.
A new weekly index that tracks the positioning of short-term currency investors will seek to improve on the timeliness and accuracy of the only other gauge of speculative trading activity available to the market, a private business group said on Friday.
The dollar slipped on Friday as generally positive US economic data failed to inspire much buying interest ahead of next week's US presidential election and October payrolls report.
A 12-metre stretch of crude oil pipeline in Iran's oil-rich south-west has been destroyed in a fire, but oil officials said exports from Opec's second biggest producer would be unaffected, media said on Saturday.
Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Saturday (October 30, 2004).
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
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
Taiwan's Evergreen Marine Corp, the world's third largest shipping line, posted a 167 percent jump in third quarter profit on Friday as freight rates stay high on strong exports from Asia, especially China.
Taiwan's Evergreen Marine Corp, the world's third largest shipping line, posted a 167 percent jump in third quarter profit on Friday as freight rates stay high on strong exports from Asia, especially China.
Panamax dry bulk rates strengthened on Tuesday, and shipping sources said the market was likely to remain firm for the rest of the year due to China's return to the market and seasonal factors.
The Brazilian port of Santos, Latin America's largest port, moved 6.1 million tonnes of cargo in September, up 13 percent from the same month last year, with sugar, ethanol and diesel oil exports leading the way, the Port Authority said on Thursday.
The Karachi Port handled 95,672 tonnes of cargo including 69,496 tonnes import and 26,176 tonnes export cargo during last 24 hours ending at 0700 hours on Saturday.
Parmalat's administrator has handed prosecutors probing the food group's insolvency new evidence aimed at proving certain foreign banks played a key role in its near collapse, judicial sources said on Saturday.
General Motors, the world's top auto maker, expects China's car market to recover from a recent slowdown by mid-2005, Chief Executive Rick Wagoner said on Saturday.
Companies in India's high-tech city of Bangalore are lapping up commercial space with the country's only joint venture IT park almost fully occupied, an official said Saturday.
Hollinger International Inc amended its fraud complaint against former Chief Executive Conrad Black and others on Friday, adding former Pentagon adviser Richard Perle to a list of executives and directors the publisher accuses of stealing from the company
The US dollar accelerated its broad decline in October, hinting at a slight boost in fourth-quarter financial results for American companies doing business overseas.
Governments around the world are helping sustain rapid oil demand growth by subsidising fuel or keeping duties low, limiting bills for consumers to avoid a public backlash over record prices.
Saboteurs have blown up a section of a secondary pipeline feeding the export and domestic oil network in northern Iraq, oil officials said on Saturday.
China is on guard against a resurgence of investment in overheated sectors, a banking regulatory official said on Saturday just days after a surprise interest rate rise.
After a whirlwind week that was the busiest for initial public offerings in four months, US IPOs will come to a virtual standstill early next week to await the outcome of the US presidential elections.