The Peoples Labour Bureau has demanded of the government to reduce existing gas prices instead of revising it further upward and causing more miseries for the low-income people of the country. In a statement on Thursday, the PLB Central co-ordinator, Habi
To commemorate Pakistan's Independence Day, Gerry's International, FedEx GSP Pakistan has announced an exclusive discount offer for international shippers on all outbound services from August 8 to August 14, 2005 under the name of "Azadi Special".
The two-day comprehensive workshop sponsored by the National Bank of Pakistan on "Practical aspects and application of Islamic banking" ended at a hotel here, on Thursday. It was jointly organised by the College of Management Sciences PAF KIET and Busines
The Karachi Press Club (KPC) will celebrate the Independence Day on August 14 with traditional zeal. The Governing Body of the KPC has prepared a special programme to mark this auspicious occasion. Various competitions would be organised on the occasion f
An Indo-Pak Mushaira under the auspices of Karachi Bankers Club and SBP Banking Services Corporation will be held at SBP BSC, North Nazimabad Office, on Saturday at 10.00 pm. The Governor State Bank of Pakistan, Dr Ishrat Husain will preside.
An Ikebana expert from Ikenobo Headquarters, Koyoto, Japan, Professor Nobu Kurashige, will perform in the metropolis on August 27. An announcement here on Thursday said the Ikebana demonstration will be held at the National Museum of Pakistan here. It sai
The NWFP Senior Minister Siraj-ul-Haq has expressed satisfaction on decisions made in Executive Committee of National Economic Council (Ecnec) meeting that decided approval of certain mega projects for NWFP amounting to about Rs 9 billion.
Minister of State for Culture and Youth Muhammad Ali Durrani has said that the issue of the seventh National Finance Commission (NFC) Award has been resolved and President Pervez Musharraf would announce it soon. He stated this, while talking to newsmen a
Government is planning to establish a model quarry for marble in federally administered tribal area (Fata) with the objective to minimise wastage of the valuable resource and impart training to the local for promotion of marble and granite sector, sources
The Central Board of Revenue is facing difficulty in compiling data on confiscated liquor, as most of the anti-smuggling agencies have not provided the requisite information to the board. The last date of the liquidation of all the seized/confiscated good
The Local Credit Advisory Committee (LCAC), in its quarterly meeting, reviewed bank-related problems of the business community and certain proposals and recommendations for their resolution. LCAC Chairman, and Peshawar State Bank of Pakistan (SBP) Chief M
Talking to a delegation of leading industrialists and businessmen at the Prime Minister's House the other day, Shaukat Aziz offered some sane advice to accelerate the pace of development in the country. The large-scale business needs to embark on corporat
The decision of the Economic Co-ordination Committee of the Cabinet to lift a four year old ban on import of sugar from India, overly belated though it may appear to be, will inspire variously intrigued consumers with renewed hope of relief in the near fu
Modaraba is a mode of non-interest financing system based on investment and talent according to which one party participates with skill and the other party participates with finance, the party who participated with skill is called Manager or Aamil while t
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).
Under a blistering Himalayan sun, 500 workers are completing the Lhasa River Bridge, part of a 1,142-kilometer (708-mile) project that will link Tibet by rail to the outside world for the first time. Remarkably for a project that will supposedly bring new
So many tanks to Shaukat Aziz, the Prime Minister, who graciously enhanced the rate of profit by 0.96 % effective from 1st July, 2005 on Behbood Savings Certificates under the scheme envisaged for the welfare of families of senior citizens, pensioners and
I am totally aghast at the unbelievable conduct of the London Police who executed a young 'suspect' helplessly fallen on the ground in Stockwell Tube carriage, in broad daylight and within the sight of fellow passengers.
While the Croats gear up to celebrate the 10th anniversary of victory over a Serb rebellion, Milica Jelinic is quietly struggling to mend her shattered life in the nearby village of Bobodol. The 81-year old Jelinic fled her home together with up to 200,00
Health experts have warned the people to abstain from taking high cholesterol food items, as it may develop gallstones, apart from posing other health problems including high blood pressure, heart diseases and stroke.
Private airline Airblue on Thursday signed an agreement with Airbus SAS for procurement of 10 aircraft at a cost of around $790 million. A statement from Airblue said, the new fleet would include eight Airbus A320-200s and two Airbus A330-200s. Currently,
Tariq Kirmani, chairman PIA and CEO, Pakistan International Airlines, addressed a batch of 68 internees at the completion of their seven-week internship-training programme, at PIA Head Office.
The NWFP Chief Minister Akram Khan Durrani has announced a grant for Rs 15 millions as concurrent expenditures to the women's university in Peshawar adding the provincial government would give further grant if needed to run the affairs of the university.
The NWFP establishment & administration department has transferred and posted Syed Mehdi Hussain (BS-19) General Manager (Finance) Sarhad Tourism Corporation NWFP as Director Information NWFP against the vacant post, in the public interest with immediate
The Federal Public Service Commission (FPSC) has announced its new examination/selection criteria for the Central Superior Service (CSS) and other competitive examinations. Addressing a press conference here on Thursday, FPSC Chairman Lieutenant General J
Pakistan Kuwait Investment Company (Pvt) Limited (PKIC) has achieved a successful financial close of Rs 500 million loan facility in the form of Privately Placed Term Finance Certificate (PPTFC) Issue. MCB Bank Limited and PKIC senior officials attended a
Pakistan Kuwait Investment Company (Pvt) Limited (PKIC) has achieved a successful financial close of Rs 500 million loan facility in the form of Privately Placed Term Finance Certificate (PPTFC) Issue. MCB Bank Limited and PKIC senior officials attended a
The Central Board of Revenue (CBR) has transferred and posted three officials of Grade 19-20 of income tax group and several additional collectors and deputy collectors of customs with immediate effect.
The Regional Office of the Eastern Mediterranean Region (EMR) of the World Health Organisation (WHO) is in a process of developing a training manual for community members and technical support teams involved in implementation of Community Based Initiative
Rawalpindi Development Authority (RDA) has presented the PC-1 of the Rs 432 million Marreer Chowk Flyover project to chief minister Punjab for final approval and allocation of funds for completion of the project.
United Kingdom has extended over $1 million grant for Ministry of Environment to spend in organising second South Asian Conference on Sanitation being held in Islamabad in November this year. A cost sharing agreement was signed on Thursday at Ministry of
Government has miserably failed to regulate the wheat price maintaining high profile despite harvesting a near bumper crop of the size 21.1 million tons during the cropping season 2004-05.
The development funds of Rs 15 billion were lapsed in last three years of the City District Government Karachi (CDGK) due to inefficiency of the past city administration, Sindh CM's Advisor on Local Government Wasim Akthar lamented here on Thursday.
The new income tax return forms for the 2004-05 tax period are available at all offices of Regional Commissioners of Income Tax (RCIT), Southern Region, in Karachi, Hyderabad and Sukkur. The last date for submission of the tax return is September 30.
Ample opportunities for investment and bilateral trade between Indonesia and Pakistan are available, hence, the entrepreneurs and traders of both friendly Muslim countries should fully exploit these opportunities.
Negotiations between Pakistan and Indonesia are underway to sign a treaty for Comprehensive Economic Partnership (CEP) while a Joint Commission meeting will be held in September in Jakarta to further facilitate businessmen, and removing obstacles in free
An international trade fair is being held in Izmir (Turkey) from September 8 to 18. The show that is an annual feature attracts thousands of trade visitors each year. The event, which is one of the oldest trade fairs in Europe attracts traders dealing in
All Pakistan Textile Mills Association (Aptma) has stressed the need for improving infrastructure facilities to enable the local textile industry to fulfil orders of foreign buyers, which would bring substantial foreign exchange for the country.
Kissan Board Pakistan (KBP) is going to arrange a national cotton seminar in Multan in the last week of current month. A spokesman of KBP said here on Thursday that stakeholders of cotton sector as well as cotton scientists and agriculture experts would a
Pakistan Muslim League (N), while opposing import of sugar in unlimited quantity, has said it would badly hit local sugar industry. PML (N) Punjab General Secretary Zaeem Qadri stated this while addressing a press conference here on Thursday.
Kissan Board Pakistan (KBP) has demanded of the government to set up high-level inquiry commission to probe into the current sugar crisis and to fix responsibility. Talking to a group of newsmen here on Thursday, KBP Secretary General Ibrahim Mughal alleg
The Punjab University Center of Excellence in Molecular Biology (CEMB) has developed selected flowers and vegetable seeds through tissue culture for large-scale production of genetically engineering rice (Banaspati-370) and cotton (MNH-93).
Private transporters and bus stand owners have appealed to the chief minister Punjab, to sympathetically look into the closure of their bus stands situated on Bund Road and allow them to work.
Indian teenager Sania Mirza shocked Nadia Petrova on Wednesday, handing the fourth-seeded Russian a straight-set defeat in the 1.3 million-dollar WTA Tour tier one tournament here. Mirza defeated Petrova 6-2, 6-1 to reach the third round.
Britain's Greg Rusedski, enjoying his healthiest run since 2002, beat Australian qualifier Nathan Healey 7-6 (7/2), 6-2 here on Wednesday in the second round of the 600,000-dollar ATP Washington Classic.
Security in Helsinki is being tightened to never-before seen levels ahead of the world athletics championships starting on Saturday, but police say they are more worried about hooligans and thugs than about terrorism. Athletes from more than 200 countries
Revenge is in the air as the world athletics championships approaches with three defending champions desperate to set aside sour memories of last year's Olympics and regain their mantle as best in the world.
England, after losing the toss, were bowled out for 407 on the first day of the second Test against Australia at Edgbaston here on Thursday. Marcus Trescothick was top scorer with 90 while Kevin Pietersen hit 71 and Andrew Flintoff 68. Play was called off
An official spokesman has rejected a news report appearing in a section of the press regarding mercy petition filed by two soldiers sentenced in assassination attempt on President General Pervez Musharraf, said an ISPR's press release here on Thursday. He
The Oil and Gas Regulatory Authority (Ogra) is determined to protect rights of all stakeholders in accordance with the law and in the best public interest, Ogra chairman Munir Ahmad made this observation while hearing a review petition of Sui Northern Gas
US gold futures rose early on Thursday, mainly on continued dollar weakness against the euro and some institutional buying, traders said. Other precious metals lost ground, including platinum, which fell more than 1 percent, wiping out gains from the day
Soyabean futures at the Chicago Board of Trade turned higher early Thursday in a quiet recovery from Wednesday's slide and on weather worries, traders said. At 10:07 am CDT (1507 GMT), CBOT soya was up 1/4 to 3 cents, with new-crop November up 2-1/2 at $6
New York copper futures declined in early business on Thursday, after a large injection into London Metal Exchange warehouses scared some participants off the record high levels, traders said. "After they put about 3,000 tonnes into the LME warehouses it
Corn futures at the Chicago Board of Trade were lower early on Thursday in follow-through from the declines of Wednesday and on some outlooks for rain next week in dry areas of the Midwest, traders said. At 10:21 am CDT (1521 GMT), corn was down 1/4 to 2
Wheat futures on the Chicago Board of Trade were lower at midmorning on Thursday on weak export demand for US soft red winter wheat and on spillover weakness from corn, traders said. Trade was light and at times choppy. "The slow activity is indicative of
Raw sugar prices closed at another 4-1/2 year high Thursday as the sweetener gyrated wildly from an early bout of profit-taking and fund buying that vaulted the market to fresh contract highs, analysts said.
New York Board of Trade cocoa futures weakened Thursday, depressed again by speculative selling the day after it scaled a new five-week high, market sources said. NYBOT's cocoa contract for September delivery fell $12, or 0.8 percent, to settle at $1,479
New York Board of Trade nearby coffee futures ended up 0.5 percent Thursday as market players reined in earlier gains led by strong technical signals, traders said. The NYBOT's front-month September arabica contract rose 0.50 cent to $1.0625 a lb, after t
Gold snapped back in Europe on Thursday, gaining just over half a percent, as this week's bout of dollar weakness prompted dealers to cover short positions, traders said. Gold was now taking aim for $440 an ounce and possibly June's peak above $443.
London Metal Exchange (LME) copper prices ended little changed in quiet floor trading on Thursday, with tight supply shoring up support but lacking enough interest to challenge $3,600 a tonne, dealers said. Three months copper closed at $3,575, down $11 f
France's maize crop will be smaller than last year, due to lower area sown and poorer yields, but the situation is less dramatic than in 2003 when the drought had slashed the grains harvest, the farm ministry said on Thursday.
Cotton futures closed marginally higher Thursday on buying by small speculators as the market drifted in a band amid a dearth of news to give it direction, analysts said. New York Board of Trade December cotton rose 0.08 cent to end at 52.37 cents a lb, d
Liffe futures eased slightly on Thursday, trailing weaker New York cocoa prices, with thin volume boosted by spread trades, dealers said. The September contract was down six pounds at 870 pounds a tonne at the close, in turnover of 2,967 lots. Total volum
The threat of widespread infestation by the soyabean rust fungus is nearly over for this year's crop, Deputy Agriculture Secretary Chuck Conner said on Thursday.
Oil prices rose on Thursday as a spate of refinery problems in the United States rekindled fears that oil and fuel producers will be hard-pressed to keep up with growing demand. US light sweet crude settled up 52 cents to $61.38 a barrel, little more than
Southern African traders may send more maize exports from South Africa by sea to avoid congested road and rail links, shippers say, but high grain prices may deter Asian and Middle East buyers.
The Russian government will keep issuing grain quality certificates for exported cereals until November 1 this year, the government said on Thursday. A government order published on the official website www.government.ru did not say who will be issuing th
The euro and sterling traded slightly softer versus the dollar on Thursday after the European Central Bank held interest rates unchanged while the Bank of England cut borrowing costs for the first time in two years. Both decisions were widely expected and
Sterling eased from recent one-month peaks against the dollar on Thursday after a brief flurry higher when the Bank of England cut rates for the first time in two years in line with expectations.
The rupee slipped on Thursday as the central bank and a large state-run utility bought dollars, traders said. The Reserve Bank of India (RBI), which stayed away from the currency market between April and June, resumed its rupee-selling intervention last m
China's shares slipped 0.46 percent on Thursday, with large-cap stocks such as China United Telecommunications Corp Ltd leading the decline. The benchmark Shanghai composite index closed at 1,102.589 points. It hit an intraday low of 1,099.134 points, jus
Britain's top share index snapped a six-day winning streak on Thursday, rattled by a steep loss in fund manager Amvescap as hopes of a bid faded and losses in Royal Bank of Scotland as concern over its investment in China persisted, despite the company's
France's Total SA ditched its offer for a stake in Russian gas firm Novatek on Thursday as it reported a 33-percent rise in second-quarter net profit that met analysts' expectations. The result caps a month of strong quarterly earnings by oil majors ridin
Apple Computer Inc launched its iTunes online music store in Japan on Thursday, bringing its leading download service to the world's second-largest music market by album sales.
An international envoy said on Thursday he had made significant progress towards reaching an Israeli-Palestinian deal on key economic aspects of a Gaza pullout Israel plans to begin on August 17. "My timetable is to resolve many of these issues by the end
Malaysian crude palm oil futures bounced off 5-1/2-month lows but remained weak on Thursday, weighed down by losses in main rival US soyaoil. The benchmark palm oil contract on Bursa Malaysia Derivatives, October, ended down 14 ringgit at 1,352 ringgit ($
France's Total SA ditched its offer for a stake in Russian gas firm Novatek on Thursday as it reported a 33-percent rise in second-quarter net profit that met analysts' expectations. The result caps a month of strong quarterly earnings by oil majors ridin