Cotton futures finished virtually unchanged on Wednesday in subdued dealings, with the market seen drifting in a band due to a dearth of news to provide direction for futures, dealers said. The New York Board of Trade's March cotton contract settled flat
London cocoa futures closed stronger on Wednesday after touching the highest level in almost six weeks when speculators jumped into the New York market, floor sources said. "There's aggressive fund and speculator buying in New York and London is playing c
Base metals trawled around the day's highs in Wednesday afternoon trade on the London Metal Exchange (LME), with technical rallies in aluminium and copper ushering contracts to higher closes, traders said. "It has been an extremely technical day. Aluminiu
Gold prices ran higher on Wednesday afternoon as a rising euro made the metal a cheaper buy for non-US investors. Spot gold was at $426.90/427.70 by 1545 GMT, compared with $422.05/422.80 quoted in New York late on Tuesday. The euro picked up after a stro
Benchmark arabica coffee futures finished down from a near one-month high on Wednesday, pressured by short-term speculative and trade profit-taking, dealers said. "We pulled back a little bit - it looked like a lot of local participation," said a New York
New York cocoa futures rallied 3.14 percent or $48 Wednesday as fund buying pushed prices into but-stop orders before trade selling trimmed the gains, floor sources said. "It was all fund and speculative buying that ran us into some buy-stop orders above
Raw sugar futures settled Wednesday at a 3-1/2 month high as heavy fund buying overwhelmed producer sales, and the sweetener could push higher even though the rally may be overdone, analysts said. The New York Board of Trade's March raw sugar contract soa
Chicago Board of Trade wheat futures were mixed in choppy mid-morning trade on Wednesday as technical selling offset strength from short covering, traders said. Declines in Minneapolis Grain Exchange March wheat were bearish.
Chicago Board of Trade corn futures were holding firm early on Wednesday with cash markets giving futures a slight boost but trading was quiet, traders said. The market also found some mild support from scattered short-covering amid the presence of a larg
Soyabean futures at the Chicago Board of Trade were choppy and range-bound early Wednesday, with March underpinned by a strong cash market as processors and exporters try to source beans, traders said. March soyabeans were steady at $5.26 per bushel by 10
Copper futures rose modestly in early Wednesday trade, gaining some lift from a weaker dollar, but traders said exceptionally light volume should hold prices in a narrow band. "Very quiet. We opened a little bit lower, tested the lows. But the euro's up,
US gold futures climbed early Wednesday as a weaker dollar against rival currencies sparked buying in the precious metals, dealers said. At 10:10 am EST (1510 GMT), gold for February delivery was up $3.90 at $426 an ounce on the New York Mercantile Exchan
In the Brief Recordings published in Wednesday's issue the name of the CFO of D.G. Khan Cement Company Limited was mistakenly given as Muhammad Azam, whereas it should have been Inayatullah Niazi.-Editor
In the Brief Recordings published in Wednesday's issue the name of the CFO of D.G. Khan Cement Company Limited was mistakenly given as Muhammad Azam, whereas it should have been Inayatullah Niazi.-Editor
The Additional District and Sessions Judge, Bahawalpur, Razzaq Nawaz, has granted pre-arrest bail to 13 activists of Muslim League (N), including two members of the Punjab Assembly, against the surety bonds of Rs 0.1 million each. Police have registered a
Haji Camp Faisalabad would be shifted from its temporary location at Sargodha Road to its regular building. Agreeing in principle to an under consideration proposal in this regard, the Punjab Culture & Welfare Minister Chaudhry Zaheeruddin Khan has direct
A simple but impressive ceremony was held here at Qasim Army Aviation Base to hand over the 100th helicopter to Army Aviation overhauled by 503 Aviation Base Workshop. Vice Chief of Army Staff General Saleem Hayat was the chief guest on the occasion. The
The Ministry of Information Technology has approved a project worth Rs 34.5 million to provide computers and internet facilities to all major press clubs of the country. It is distressing to learn that our press clubs still rely on archaic methods for rec
Federal Minister for Information Technology (IT) Awais Ahmad Khan Leghari on Wednesday said Call Centre Conference being held in Karachi on January 29-30, would help boost investment and job opportunities in Pakistan. Talking to a private TV channel, the
Anti Corruption Police (ACP) has arrested an Education Department junior clerk Nasir Ali from Jhang on the charge of receiving Rs 30,000 as bribe, on the pretext of providing employment, from one Gulzeb Khan resident of Rasoolpura Jhang. The complainant h
There is dire need of changing the mindset of bureaucracy of the Pakistan Telecommunication Company Limited (PTCL)and framing new rules and regulations to facilitate those subscribers, who have been facing harsh and unethical attitude of the PTCL officers
Lo and behold! The most prestigious private hospital in Islamabad resorted to collecting the hides of sacrificial animals on this Eid-ul-Azha. Coloured handbills on art paper, issued under the garb of a welfare body of the hospital, sought the donations t
This is in reply to the letter of Hisamuddin Rustom (January 17). The so-called 'premium' being charged by the authorised dealers of the renowned automobile assemblers is nothing but a 'black marketing' tool. No authorized dealer worth his name can indulg
In the shadow of a large longan tree at a pagoda in Hanoi, an elderly Buddhist monk hopes to tell a few home truths: Thich Nhat Hanh has returned to Vietnam after 38 years' exile in France - and has become the centre of a religious and political storm. As
Soldiers get ready for the mission in front of their bulky combat vehicles as this northern Iraqi city, with its crumbling minarets, stretches out in the distance under brooding clouds. They chew and spit tobacco, tell jokes and slap each other on the bac
Tsunami is a Japanese word. It means a 'harbour wave.' Often a tsunami is incorrectly termed as a tidal wave, which describes the periodic movement of water associated with the rise and fall of the tides. Oceanographers call tsunamis seismic sea waves bec
The draft industrial policy, prepared by a special task force and unveiled at meeting in Islamabad recently, points out that the industrial sector's share in our GDP is only 19 percent, and, accordingly, its share in the employment market is just as unimp
Pakistan has finally despaired of settling the Baglihar dam issue with India through bilateral talks that have been continuing off and on since the project was started in 1999. The last meeting of the two sides in New Delhi yielded the usual deadlock beca
Governor NWFP Lieutenant General Syed Iftikhar Hussain Shah on Wednesday put on fire narcotics seized by the Customs authorities and Anti Narcotics Force during different raids in the Frontier province in connection with Custom Day being celebrated the wo
Muttahida Majlis-i-Amal (MMA) has decided to mark January 28 (Friday) as countrywide protest day against the government policies and a Kashmir solidarity week would be celebrated from February 1. This was decided in a meeting chaired by Abdul Jalil Naqvi,
Dr David Seth Preston, Dean of Academics at Rhaze Institute of Management Sciences, London, UK has identified four distinct phases of electronic commerce (e-commerce) including Communication, Organisation and Process Transformation, One Way-Marketing and
The Lahore Development Authority (LDA) has approved building plans of three buildings comprising 40-50 floors in the provincial metropolis. District Nazim and Chairman LDA Mian Amer Mahmood revealed this while addressing a function held to award confirmat
Artificial shortage of salt was being created by reducing its production by some salt producers for their ulterior motives and the situation needs to be checked by concerned government departments. Mian Abuzar Shad, PIAF vice-chairman and convenor of LCCI
Punjab Governor, Lieutenant-General Khalid Maqbool (Retd) said on Wednesday that more packages for the uplift of Balochistan was in the offing, while no military action would be initiated in the province. While talking to newsmen after the prize/diploma d
Workers of the Crescent Textile Mills staged a sit-in outside the office of district Nazim and took out a protest rally against their retrenchment and failure of the management to provide 'legitimate rights' to them. The protesters, carrying banners and p
Oxford University Press launched its latest publication 'East Pakistan- The Endgame: An Onlooker's Journal, 1969-1971' by Brig, Abdul Rahman Siddiqi. The book based on the author's personal diary of the cataclysmic events of December 1971, is a comprehens
Shuhabuddin Siddiqui, Executive District Officer (Agriculture), announced formation of Taluka level sub-committees headed by the DD0 (revenue) to expedite the development work on national programme for improvement of watercourses in the district. He made
The Lahore High Court (LHC) on Wednesday restrained the media-men from reporting the proceedings in the matter of Ittefaq group of industries owned by former Prime Minister of Pakistan Nawaz Sharif. Nawaz Sharif had handed over his four industrial units t
Former Chief of Army Staff (COAS) and the head of Pakistan Awami Qiyadat Party (PAQP) Mirza Aslam Beg has stressed the need for crushing the Balochistan Liberation Army (BLA), which was equipped with modern arms and ammunition and had also set up 20 posts
The latest close of key indices on major world stock exchanges and the London closing values of the euro, the Japanese yen, the British pound and gold bullion (previous day's closes in brackets).
Commerce Minister Hamayun Akhtar has assured the Sialkot-based gloves manufacturers and exporters that the government will allocate a permanent seat for the Pakistan Gloves Manufacturers and Exporters Association (Pgmea) in the Export Development Fund Boa
The Britain-based Jaffery Business Group will start air service to Karachi, Lahore and Islamabad under British flag from Jauly this year and later launch London-Karachi flights. A delegation of the company briefed Sindh Governor Dr Ishratul Ibad Khan abou
Professor Mahmood Ahmad Chaudhry (Sitara-e-Imtiaz), Professor Emeritus, University of Health Sciences (UHS), Lahore, has been elected member of the Pakistan Medical and Dental Council (PMDC). According to the notification issued by Ministry of Health, Pro
Lahore Businessman Association for Disabled (Labard) has hailed the decision of the Federal Cabinet directing Federal Public Service Commission (FPSC) to allow all special and disabled people to appear in CSS examination from the year 2005. Bushra Aitzaz
Over 100,000 Punjab government employees have applied for the Punjab Government Servants Housing Foundation (PGSHF) for getting houses on their retirement. It was revealed in a meeting of the Board of Directors of Punjab Servants Housing Foundation with P
On the direction of Punjab Mines and Minerals Minister, Muhammad Sibtain Khan, the Punjab Mineral Development Corporation (Punjmin) has started survey of new mining areas in the province for exploration of mineral resources and survey teams have been sent
National Accountability Bureau, Sindh, has arrested Aftab Ahmed, ex-deputy managing director of the Karachi Water and Sewerage Board on charges of living beyond means and accumulating assets beyond known/fair sources of income, a press release of the NAB
New Jubilee Life Insurance Company (Formerly Commercial Union Life Assurance Company (Pakistan) Ltd) has announced the offer and bid price per unit for the following funds effective from Thursday, January 27, 2005.
Two officials of the Supreme Court Bar Association (SCBA) have requested Prime Minister Shaukat Aziz to direct the Pakistan International Airlines to hold at least ten seats on each of its flights operating to and from Islamabad for lawyers. In a letter s
New Jubilee Life Insurance Company (Formerly Commercial Union Life Assurance Company (Pakistan) Ltd) has announced the offer and bid price per unit for the following funds effective from Thursday, January 27, 2005.
'World Customs Day 2005' was observed here on Wednesday like other parts of the country as well as rest of the world in a befitting manner. The Collectorate of Customs Lahore held various events at all customs stations followed by a grand dinner, to mark
New Jubilee Life Insurance Company (Formerly Commercial Union Life Assurance Company (Pakistan) Ltd) has announced the offer and bid price per unit for the following funds effective from Thursday, January 27, 2005.
Pakistan Telecommunication Company Limited (PTCL) is going to start Wireless Local Loop (WLL) service in mid-February in the metropolis. Sources told Business Recorder on Wednesday the phone utility would provide 200,000 WLL connections in the city
The Pakistan Credit Rating Agency (Pacra) has upgraded the rating of the secured TFCs worth Rs 250 million of Maple Leaf Cement Factory Limited to 'A+' (single A plus). According to a press release issued by Pacra, the rating denotes a low expectation of
The Pakistan Credit Rating Agency (Pacra) has upgraded the rating of the secured TFCs worth Rs 250 million of Maple Leaf Cement Factory Limited to 'A+' (single A plus). According to a press release issued by Pacra, the rating denotes a low expectation of
Pakistan has received orders for the export of Basmati rice from Canada in attractive five-kilogram paper bags. The export of rice was earlier made in cotton bags. The Canadian buyers opted for the new paper bags with exquisite colourful printing because
A division bench of the Sindh High Court (SHC) has served a notice on the Secretary General of Federation of Pakistan Chambers of Commerce and Industry (FPCCI), and seven others in a contempt of court application filed by petitioner Abdul Rashid Abro. The
The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has called upon the government to frame policies so as to encourage private sector investment in shipping, said a press release issued here on Wednesday. According to press release, the
Three women, after being declared "Kari" (bad character), were on Monday slaughtered by their husbands in southern region of Punjab. One Muhammad Amin suspected that his wife Amir Mai had developed illicit relations with one Abdul Wahid. As a result Amin,
Interior Minister, Aftab Ahmed Khan Sherpao will perform the groundbreaking ceremony of McDonald restaurant being built in F-9 Park here on Thursday.Capital Development Authority and SIZA Food signed an agreement few days' back to construct a McDonald out
ICI Pakistan and Eastern Color and Chemical Company, USA have signed an agreement to manufacture and market specialised textile finishes in Pakistan. According to ICI here, its new partnership with Eastern Color will provide regional access to state-of-th
Thanks to the liquidity crunch in the interbank market, the rupee was enabled to expand its winning streak versus the dollar on Wednesday, gaining eight paisa more for buying and selling at 59.18 and 59.20, respectively. The dollars easy supply helped the
The withdrawal of Usman Bashir Bilour, a nominee of the Businessmen Forum (BF), from election to the post of vice-president of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) from NWFP, has been denied by the central BF leaders. Senat
Thanks to the liquidity crunch in the interbank market, the rupee was enabled to expand its winning streak versus the dollar on Wednesday, gaining eight paisa more for buying and selling at 59.18 and 59.20, respectively. The dollars easy supply helped the
Export Promotion Bureau has received the following International Tenders from abroad. Interested Pakistani parties dealing in the under mentioned items can obtain further details of Tenders from the addresses given or from EPB Head Quarters and its Region
During the year under review, the company registered net sales at Rs 3.348 billion (2002-03: Rs 2.734 billion) registering 22.5% growth over the preceding year's sales and at the same time record highest sales figure of its career. Since its introduction
Export Promotion Bureau has received the following Trade Enquiries from abroad. Interested Pakistani parties dealing in the under mentioned items can obtain further details from the addresses given or from EPB Head Quarters and its Regional/Sub-Regional O
During the year under review, the company registered net sales at Rs 3.348 billion (2002-03: Rs 2.734 billion) registering 22.5% growth over the preceding year's sales and at the same time record highest sales figure of its career. Since its introduction
The Minister of State for Health, Shehnaz Sheikh has urged the media to provide extensive coverage to immunisation, HIV-AIDS and Primary Health Care programmes. She was addressing the concluding session of a "National Media Retreat on Health" organised by
Callmate Telips Telecom became the first company signed the interconnect agreement with Mobilink GSM for Long Distance and International (LDI) operations. The landmark agreement was finalised and signed on Tuesday, January 25. The interconnect will be for
A division bench of the Sindh High Court comprising Chief Justice Sayyed Saeed Ashhad and Justice Maqbool Baqar on Wednesday allowed petition of Malik Imran Khan Member NWFP Provincial Assembly from PS-75 Lakki-II and set aside all letters and show cause
The Muttahida Qaumi Movement (MQM) has convened a roundtable conference in Quetta on January 28 to discuss Balochistan issue. The event is to highlight the issue seeking solution of all problems by dialogue, MQM Senator Babar Ghouri told a private TV. "Ti
Minister of State for Overseas Pakistanis and Secretary Information Pakistan Muslim League Senator Tariq Azeem on Wednesday said government has taken practical steps to improve the living standard of common Balochs who were ignored in the past.
In a state
The on-going visit of Prime Minister Shaukat Aziz to the European Union will help remove misperceptions about Pakistan before the powerful block of nations. "Pakistan, being a moderate Islamic state, is playing a major role in the global war against terro
Chairman All Parties Hurriyat Conference, Syed Ali Shah Gilani has appealed to the international community to urge upon India to accept Kashmiris' right to self-determination. In a telephonic interview to PTV here on Wednesday, he said, Kashmiris would ce