The Pakistan Telecommunication Company Limited (PTCL) was incorporated on December 31st 1995 and is listed at all the three stock exchanges of Pakistan. PTCL took over the business of Pakistan Telecommunication Corporation (PTC) on January 1, 1996, and it
The Pakistan Telecommunication Company Limited (PTCL) was incorporated on December 31st 1995 and is listed at all the three stock exchanges of Pakistan. PTCL took over the business of Pakistan Telecommunication Corporation (PTC) on January 1, 1996, and it
As IT firms continue to swamp India's technology hub of Bangalore, the city is starting to choke under a heap of e-waste generated from obsolete computers and discarded electronic components. Environmentalists and officials say the waste contains more tha
British defence firm BAE Systems has been selected by the Dutch government for a combat vehicle contract worth 891 million euros ($1.14 billion), the Sunday Telegraph newspaper reported. The Dutch government on Friday approved the award of the contract to
A recession could be staring the world's major economies in the face by next summer if history repeats itself and a 30-year rule holds true that output slumps after oil prices spike. Optimists say that the old relationship is dead, that companies are more
Hong Kong's economic expansion picked up in October from a 14-month low the previous month, as output and new orders gathered pace, the latest Purchasing Managers' Index (PMI) showed on Monday.
A smarter Internet and a host of cheap, Web-enabled mobile devices will allow users to access a whole range of services on the move, research group Gartner Dataquest said on Sunday, ahead of its ITXpo symposium. At the annual gathering in Cannes, France n
The Indian government on Sunday announced it would keep the retail cost of petrol and diesel steady despite rising global crude oil prices, an official said. "After weeks of uncertainty, it has now become clear that there will be no change in the price of
China will push for a rapid reform of its aviation industry to meet the demands of its fast-growing economy and to boost competitiveness, a senior official said Sunday at an aerospace forum in this southern Chinese city. Gao Hongfeng, vice minister of civ
Deutsche Bank, Italy's Mediobanca and financial investors are in talks to buy a stake in Russia's second-largest bank, state-owned Vneshtorgbank, a German newspaper reported on Sunday.
China has urged the US government not to limit imports of Chinese cotton trousers, warning such moves would violate WTO principles of free textile trade and hurt trade relations. The Ministry of Commerce said during the weekend it "opposed" the US decisio
Despite record high oil prices, the Russian economy has shown signs of weakening which officials attribute to seasonal trends but that economist say is the start of a slowdown due in part to the Yukos affair. Reacting to lower-than-anticipated industrial
Iranian officials say they fear a deep budget deficit despite record oil prices because targeted revenue from privatisation and car imports has not been realised, media reported on Sunday.
Nigerian President Olusegun Obasanjo arrived in Japan Sunday to attend a trade and investment conference which is aimed at boosting economic ties between Africa and Asia. The Africa-Asia Trade and Investment Conference is being sponsored jointly by Japan,
General Motors has decided to build its next-generation mid-sized car at Opel's plant in Ruesselsheim, Germany, rather than at Saab in Sweden, Swedish newspaper Dagens Nyheter said on Sunday. Quoting what it called a central source in GM's organisation, t
Iraq will keep its options open on how to develop its oil fields despite the popularity of production sharing deals among the industry's major companies, Oil Minister Thamir al-Ghadhban said on Sunday.
A nation-wide blackout hit Kuwait on Sunday, forcing it to shut its three oil refineries and halt exports of refined products like gasoline, but crude production and exports were proceeding normally, top energy officials said. The power outage affected mo
Interbank buy/sell rates for the taka against the dollar on Sunday. 59.50/59.95 (previous 59.49/60.0). Call Money Rates: 2.25-6.0 percent (previous 2.0-6.0 percent).
The median overnight interbank rate on the Egyptian pound dipped to 8 percent on Sunday from 10 percent on Thursday, with increased offers from state-owned banks bringing rates lower, bankers said. "They are offering ... all of them," one of the bankers s
National Societe Generale Bank (NSGB) climbed on a mixed Egyptian bourse on Sunday on rumours that a state-owned bank may have received an offer for its stake in the joint-venture bank, traders said.
The new Saudi mobile telephone company's initial public offering (IPO) was oversubscribed 51-fold, reaching 51 billion riyals (13.6 billion dollars), the Saudi financial group SAMBA announced Sunday. "This is the biggest IPO in the history of the Saudi st
Hong Kong stocks face a volatile week as the US presidential election and China's first interest rate hike in nearly a decade raise risks for investors. "We are facing a lot of uncertainty," said Y.K. Chan, strategist at Phillip Securities.
Japanese stocks will probably trade nervously in a narrow range this week until investors see the outcome of Tuesday's presidential election in the United States. Stocks would weaken slightly if Democratic Senator John Kerry won and would get a boost if G
Asian currencies rose against the dollar during the week amid concern over the US current account deficit, uncertainty ahead of the US election and a surprise hike in the cost of borrowing in China.
Central European currencies have had a strong run against the euro so far this year, but with the single currency racing up against the US dollar and year-end approaching, investors might be tempted to lock in those gains. The dilemma is that the region s
Banks earnings, a European Central Bank rate decision and the outcome of the US elections will dominate European equity investors' attention this week. Bank results due include Dutch bank ABN Amro on Monday and Swiss investment bank UBS on Tuesday.
Taiwan stocks are likely to head higher this week as the long-suffering tech sector gets a chance to replace industrial shares in the limelight after surviving earnings season without major negative surprises. The TAIEX share index rose 1.19 percent to cl
Indian shares are expected to firm this week as worries over the impact of a rate increase in China abate while steady domestic inflation and a pullback in global oil prices boost sentiment, traders said. The Bombay Stock Exchange index ended trade on Fri
British insurer Britannic is poised to buy the closed life fund of Cornhill Insurance, a unit of Germany's Allianz, for up to 300 million pounds ($549 million), the Financial Express reported on Sunday. The sale is thought to be handled by Allianz brokera
British insurer Britannic is poised to buy the closed life fund of Cornhill Insurance, a unit of Germany's Allianz, for up to 300 million pounds ($549 million), the Financial Express reported on Sunday. The sale is thought to be handled by Allianz brokera
South African stocks are expected to be jittery this week over Tuesday's US election, and a stronger rand could see resource shares wilt. The retail, industrial and financial sectors are expected to provide a safe haven for investors if gold and resource
Fresh threats from al Qaeda leader Osama bin Laden could initially unnerve Wall Street this week. But US stocks will rally if President George W. Bush retains the White House and pull back modestly if Senator John Kerry unseats him.
ATP chief Mark Miles wants tennis to stay in the Olympic programme but would like to see it become more of a team sport. "As an Olympic sport, tennis has become more important since the 1988 Games in Seoul," the chief executive of men's professional tenni
France's Amelie Mauresmo thrashed Elena Bovina 6-2, 6-0 to win her fourth title of the year at the $585,000 Linz Open on Sunday. The top-seeded Mauresmo overpowered Bovina from the very first point to add to her 2004 titles at the German Open, Rome and Mo
Sweden's Thomas Johansson overcame the odds to beat top seed Andre Agassi 3-6, 6-3, 7-6 in a thriller to take his first title since the 2002 Australian Open. After losing the first set the 29-year-old broke Agassi twice in the next for a 4-0 lead. Agassi
Australian Cricket Academy head coach Bennett King has been named as the new coach for West Indies, the West Indies Cricket Board (WICB) said on Sunday. The 39-year-old King replaces Gus Logie, whose contract was terminated at the end of September just da
A magnificent exhibition of leg spin bowling by Pakistan's Danish Kaneria who snapped up six for 102 wreaked havoc in Sri Lanka's batting to have them on a knife's edge on the fourth day of the second and final cricket Test at the National Stadium here on
Bangladesh will begin destroying its stockpile of around 200,000 landmines from November 2, putting it in the forefront of efforts to eliminate the weapons in one of the world's most heavily-mined regions, a military source said Sunday. "We will start des
Venezuelans voted for state governors and district mayors on Sunday in an election expected to consolidate President Hugo Chavez's control two months after he won a referendum on his rule. Still bruised by the referendum defeat, opposition parties are str
UN peacekeepers on Sunday arrested a dissident rebel leader and seized weapons in a clampdown on the Liberian capital on the last day of a campaign to disarm fighters in the west African state.
Japanese envoy Yasushi Akashi has wrapped up talks with Sri Lankan government figures but is waiting to meet Tamil Tiger leaders in an effort to help salvage the island's peace process, officials said Sunday. Akashi who arrived late Wednesday, was due to
Zimbabwe's government will appeal against the acquittal of opposition leader Morgan Tsvangirai on treason charges by mid-November, a state-owned newspaper reported on Sunday. Tsvangirai's Movement for Democratic Change (MDC) party said the move showed Pre
Ukrainians voted Sunday in a knife-edge presidential election held amid high security and watched closely as a test of whether the former Soviet state will turn its face to the West or favour bonds with Russia. Armoured personnel carriers mounted with wat
A right-wing Hindu group threatened Sunday to snap ties with India's main opposition Bharatiya Janata Party (BJP) if it did not push for the building of a temple on the ruins of a mosque at Ayodhya. The issue is one of the most controversial in India and
India and Bangladesh were locked in a fresh war of words on Sunday over illegal migration on their troubled border, ahead of the arrival of Bangladesh's foreign minister's for talks to improve ties. New Delhi says illegal migrants, smugglers and anti-Indi
Osama bin Laden's elder half brother was upset by the al Qaeda chief's new video, Time magazine reported. "It was upsetting," said Yeslam bin Ladin said of the latest video message by the family outcast in which bin Laden warned Americans that they must c
Malaysia has issued a warning against any possible challenge to its sovereignty after a newspaper report that new Australian warplanes will be able to launch long-range missiles at targets anywhere in Asia. Australia plans to place cruise missiles on its
An independent inquiry into the deaths of 87 Muslims, most of whom apparently suffocated after being crammed into trucks by Thai troops, was Sunday given a 30-day deadline to report back as more grim testimony emerged. Prime Minister Thaksin Shinawatra in
US elder statesman Henry Kissinger said Sunday that whoever wins the US election will have to undertake international "healing" to confront the huge challenges in Iraq and the war on terror. Kissinger, a Republican former secretary of state, said he suppo
Israeli Prime Minister Ariel Sharon indicated on Sunday he was ready to open negotiations with a new Palestinian leadership as the void left by Yasser Arafat's departure to Paris was filled by his top lieutenants. With the Palestinians still struggling to
Cherie Blair, wife of the British Prime Minister, has criticised the policies of the US President George W Bush, attacking his stance on terrorist prisoners and gay rights, according to media reports here Sunday. Blair, a lawyer on a lecture tour of the U
President George W. Bush and Democratic challenger John Kerry courted voters Sunday in the make-or-break states of Florida and Ohio, squeezing every minute out of the last 48 hours of a race that could swing either way. So far neither candidate has manage
Nigerian workers will disrupt their country's key oil exports of 2.5 million barrels per day when they launch an indefinite general strike on November 16, the country's top labour leader warned on Sunday. "All the oil workers will be involved in the strik
Militants holding three UN workers hostage in Afghanistan offered Sunday to consider extending a three-day deadline for killing them. "Definitely there is a three-day ultimatum. If at the end of three days, if there are mediators who ask for extension of
Twenty years after the assassination of Indira Gandhi, India is remembering with strong emotions the woman who holds the record as the longest serving prime minister of the world's largest democracy.
The new monarch of Cambodia was once a dance-crazy youngster whose passion for ballet took him all the way to Prague for 13 years of rigorous training with the best, steeping himself in Czech language and culture in the process.
Onion is an important crop of Pakistan, being both a popular vegetable and a condiment at the same time. Hardly any food dish is prepared without it. It is also important as it is an exportable crop. Alongwith its importance, the onion is vulnerable to pe
While riding in an automobile, I did read the message at a glance, conveyed through a banner hanging on the round about of Hassan Square the other day. I thought it is an appropriate time to express my feelings, though I am not an expert, but as a senior
Ever since the Finance Bill for 2004-2005 has been promulgated, cotton seed oil has been subjected to sales tax. But on cotton seed sales tax is not levied. The oil mills have agitated against this, and demanded that sales tax be levied upon cotton seed.
Unlike many other countries of the world, Pakistan's apex revenue authority Central Board of Revenue (CBR) has never bothered to launch a well-designed Voluntary Compliance Programme.
The much awaited bill to curb the reprehensible practice of so-called honour killings was introduced by the government and hurriedly passed by the National Assembly, without the opposition taking part in it, apparently because in its present form it ignor
That Pakistan must seek preferential treatment for its exports to the EU market was underlined separately on Thursday by President General Pervez Musharraf as well as the Pakistan Readymade Garments Manufacturers and Exporters Association (Prgmea).
Punjab Home Department has issued detention orders of eight activists of banned Hizbut-tehrir for delivering pamphlets and handbills against United States and General Pervez Musharraf. The Pak Gate police have arrested them on October 5 while distributing
The police have conducted a midnight operation at the University of Agriculture Faisalabad (UAF), and dislodged from the hostels 26 students, including the Jamiat Tulaba-e-Islam Nazim, Inaqalabi Council chairman, and some office-holders of student bodies,
The Gandhara Hindko Board has arranged a grand open air Hindko Na'atia Mushaira on November 6 here at Yakatoot Chowk at 9 pm. The event is being held under the patronage of an eminent religious figure of Peshawar, Syed Mohammad Noorul Hasnain Gillani, pop
A 'Crop maximisation project' has been launched in 49 villages of six district of Punjab to enhance per acre yield and to ensure food security. Food and Agriculture Organisation (FAO) is providing co-operation for this project which would be completed nex
A seminar on "Bill against honour killings-Concerns addressed/un-addressed" will be held on Monday at Islamabad. The speakers would address the seminar including Nelofer Bakhtiar, advisor to the Prime Minister on women development, Social welfare and spec
Pakistan Hosiery Manufacturers Association (North Zone) has expressed grave concern over the unnecessary delay in settlement of subsidy claims relating to the ISO Certification and strongly demanded that the board of administration of EDF should play its
The Department of Cardiology, Civil Hospital Karachi (CHK) has planned to establish a full fledged Emergency Coronary Care-Cum-Diagnostic Unit with state-of-the-art facilities, to provide immediate cardiac treatment to patients at the hospital, as there i
The Pakistan Institute of Medical Sciences (Pims) on Sunday suspended another medical storekeeper, after the findings of preliminary inquiry committee, which pointed out that storekeeper Zia-ud-Din had embezzled medicines worth Rs 0.4 million on the vouch
India should allow meeting of Kashmiri leaders from both sides of the Line of Control (LoC) to discuss options for a just solution of the Indian occupied Kashmir issue said President AJK Muslim Conference Sardar Atiq Ahmed Khan on Sunday. Such a meeting o
Speaker National Assembly Chaudhry Amir Hussain said Sino-Pak strategic partnership contributes towards peace and development in the region and meets the aspirations of their people. In an interview with Peoples Daily during his stay in Beijing, he said t
Three persons died on the spot and seven injured when a speedy oil tanker rammed into a grocer's shop in Shehr Sultan (Muzaffargarh district) as its driver failed to control the steering due to burst of front wheel tyre.
United States troops are being withdrawn from Jacobabad Airbase after three-year-long stay over there, and reportedly 200 troops have left the base on Sunday, and flown to their native country. The Pakistan government had allowed the United States to use
Federal government has prepared a strategy for providing common facility services to industries like cutlery (Wazirabad) and electric fan (Gujrat) developed in clusters. Official sources told Business Recorder here on Saturday that such common serv
A heavy police contingent raided the house of PPPP MPA Jahanzeb Imtiaz Gill at Civil Lines to arrest his brother here on Saturday night. According to reports, the police contingent dashed its entry into the house by scaling the boundary walls and entered
Despite the government's claims to establish shelter homes and consultation centres in Karachi to rehabilitate homeless children, the concerned departments could not take measures in this connection, NGO activists told newsmen on Sunday.
With the Eid shopping picking up fast, a number of eve teasing incidents in different markets of the provincial metropolis have increased making it extremely difficult for women to visit bazars. As no arrangements have been made so far to control hoodlums
The government was reluctant to approve the project of Rs 700 million for a six-lane bridge on the River Chenab near Muzaffargarh, which connects three provinces with Punjab and more than 10,000 vehicles use it daily, while the government was spending Rs
The District Zakat and Ushr Committee will distribute Rs 110 million Zakat among the needy, deserving and destitute of the region through 1,125 Zakat committees of the district. This was stated by District Zakat Committee President Raja Mushtaq Ahmed here
A United Nation Development Programme's study on the human development advocates an approach that respects and promotes cultural diversity while keeping countries open to global flows of capital, goods and people. A detailed report spanning 284 pages oppo
Alliance for the Restoration of Democracy (ARD) Chief Makhdoom Amin Fahim has convened an emergent meeting of heads of allied parties on Monday in the provincial capital, to discuss the situation arising after the government refusal to allow Sharif brothe
Federal Minister for Agriculture, Food and Livestock, Sikandar Hayat Bosan, has said that Trading Corporation of Pakistan (TCP) will purchase 40,000 bales cotton daily from November 3 or 4 so that cotton growers may get fair return of their produce. Howev
The Board of Directors of the Union Bank Limited met on October 29, 2004 at a local hotel here. The meeting was chaired by Union Bank Chairman Mueen Afzal.
The Board of Directors of the Union Bank Limited met on October 29, 2004 at a local hotel here. The meeting was chaired by Union Bank Chairman Mueen Afzal.