Three local policemen and one Russian soldier were killed in the latest fighting in the rebel republic of Chechnya, an official of the Moscow-backed government there said Tuesday.
Kashmiri refugees dwelling in various camps in envisioning Muzaffarabad will stage protest demonstration against government for non payment of monthly subsistence allowance for three month.
An Associate Professor in the Department of Pakistan Studies Allama Iqbal Open University Miss Lubna Saif presented her final Ph D Thesis on the Authoritarianism and Under Development in the Third World, A Neo-Colonial Model: Pakistan- A case study (1947-
President General Pervez Musharraf approved the issuance of new Rs 20 denomination note on the eve of Independence Day on August 13. Governor State Bank Dr Ishrat Hussain presented a prototype of the new note, already approved by the Cabinet.
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
The fare war virus, injected by the national carrier Pakistan International Airlines (PIA) in the domestic market by suddenly reducing fares on domestic routes recently, may spread on international routes as well, according to indications available here.
Chairman, Pakistan Consumer Traders Association (PCTA) Haroon Agar has urged the President and Prime Minister of Pakistan to withdraw the tax imposed on withdrawal of more than Rs 25,000 from banks. Talking to newsmen, he said that imposition of this tax
The demolition team of Karachi Building Control Authority (KBCA) removed illegal constructions from Saddar town, North Nazimabad and Jamshed town. A statement issued here on Tuesday said demolition team of KBCA demolished illegal construction from plot No
Kazi Asad Abid, Secretary General of All Pakistan Newspapers Society, has announced that the member publications of APNS will observe closed holiday on Sunday, August 14, 2005, on account of Independence Day.
"The purpose of Employees Old-Age Benefit Institution (EOBI) is to ensure benefits to the poor deserving workers of private and public sector. The contributions, which are collected from the employers and employees, is the trust money of the poor people".
The process for identification of 25,000 acres land in Thatta and Badin Districts to launch the fish and shrimp farming project is in final stages, Sindh Chief Secretary Fazalur Rahman said here on Tuesday.
Lahore Chamber of Commerce and Industry (LCCI) Standing Committee on Customs, Import and Tariff, Convener Irfan Qaiser has demanded immediate restoration of old carry forward system in Sales Tax for commercial importers and retailers.
Business and Industry Promotion Association of Pakistan (Bipap) will hold its IInd National Industrial Exhibition in Lahore from December 25 to 29 this year. Earlier this exhibition was scheduled in August in line with celebrations of Independence Day, bu
Heavy downpour lashed industrial city here on Monday, inundating low lying areas and turning most of the roads including Jhang Bazar and Montogomery Bazar (Yarn Market) into rivulets causing problems for business community as well as pedestrians.
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).
Pakistan Cricket Board (PCB) is conducting umpires refresher courses at Rawalpindi, Lahore and Karachi. The course at Rawalpindi will be held at Rawalpindi Cricket Stadium on August 15 & 16. The course at Lahore will be held at Gaddafi Stadium on August 1
Sarhad Chamber of Commerce & Industry President (SCCI) Malik Niaz Ahmad has rejected the allegations of irregularities in the annual polls of the chamber saying that opponents were making excuse of escape from the elections.
A meeting of the District Co-ordination Council of Mental Health Association will be held here at Fountain House on Wednesday (August 10) at 10 am. The meeting, which will be attended by the representatives of over 40 NGOs, will discuss the problems being
The University of Health Sciences (UHS) is organising one-day technical workshop on Real Time Polymerise Chain Reaction (PCR), a technology which has become an essential research and diagnostic tool for human health and quality of life the world-over, her
Local bodies' elections are being held on non-party basis but it could not be termed non-political. Political activists have legitimate right to participate in it. Chaudhary Mushtaq Ali Cheema, Federal Minister for Textile Industry and Chaudhary Muhammad
The government is all set to hold marathon sessions of the National Assembly to meet mandatory requirement of 56 sittings in two-and-a-half-month before the end of the parliamentary year on November 15.
River Indus was in medium flood at Chashma while it was flowing in low flood at Tarbela, Attock, Kalabagh, Taunsa, Guddu, Sukkur and Kotri at 1900 hours, Federal Flood Commission sources told Business Recorder here on Tuesday.
A godown of yarn and cloth of weaving factory and concerned machinery were completely reduced to ashes, when a huge fire broke out in the Talianwala (219RB), here on Monday. The cause of the fire was not immediately known. According to owner Muhammad Kash
The rule of law, justice and equal opportunities to every citizen was the basis for creation of Pakistan and people have sacrificed a lot to achieve this homeland. Pakistan Muslim League (PML-N) Chief Organiser and Planning Commission of Pakistan's former
The first ever six-member Turkish expedition has scaled 8,035-metre high Gasherbrum-II (G-II) in Karakoram on July 22, 2005. The expedition has been conducted in the framework of the celebration of 85th anniversary of Turkish Grand National Assembly.
Central Board of Revenue (CBR) Chairman Abdullah Yusuf has asked the business community to join hands for expanding tax base to achieve aggressive target of Rs 690 billion in 2005-06, raising tax-GDP ratio.
The Rawalpindi Chamber of Commerce and Industry (RCCI) has demanded a separate counter in Chinese Embassy for business community visiting China to take part in upcoming international trade and economic fairs there. The step would help facilitate businessm
The NWFP Chief Minister Akram Khan Durrani has said that large-scale tree plantation can ensure national development and urged individual and collective efforts to make the tree plantations drive of the province a success. "This would not only ease the hu
Concrete measures were being taken to supply gas to Rawat Industrial Zone (RIZ) as soon as possible, Provincial secretary of trade and investment Saeed Ahmed Alvi said on Tuesday.
President General Pervez Msuahrraf has instructed the Ambassador-designate to Indonesia, Major General (Retd) Ali Baz and Ambassador-designate to the Democratic Peoples Republic of Korea Noorullah Khan to forcefully project Pakistan's image and interests.
The National Database and Registration Authority (Nadra) on Tuesday signed a Memorandum of Understanding (MoU) with Instaphone and Paktel for online payment of bills. Nadra chairman Brigadier Saleem Ahmed Moeen (Retd) and Pakcom chief executive Iain Willi
Capital Development Authority (CDA) has approved Rs 13 million for purchasing 12 new vehicles to improve its efficiency. "The CDA board has approved the sum during a high level meeting held under the chairmanship of Kamran Lashari. The vehicles would be h
To help the local population of war-stricken Democratic Republic of Congo, a medical camp was organised by Pakistan Army contingent at Kabare, 18-km south of Bukavu, South Kivu, and Eastern Congo. The Bishop of South Kivu province, Bishop Moraoy, was the
Addressing a meeting on debt issues on 4th August, which was also attended by Prime Minister Shaukat Aziz and top officials of the Ministry of Finance, President Pervez Musharraf made very pertinent remarks about the country's debt profile and strategy. H
Disquieting, indeed, it is to learn from recent news reports that the controversy raging over the performance of the state-of-the-art telemetry system installed last year, at a cost of Rs 250 million, to collect actual data on water releases from the rese
Construction industry, according to latest Economic Survey, has been one of the star performers of the fiscal year 2004-05. As against a downturn of 6.9 % last year, this sector recorded upturn of 6.2 % this year. It is said that the decline last year was
In the early days of World War II, Australia had felt safe in the shadow of its colonial ruler Britain. But Japanese bombing raids in the tropical north and midget submarine attacks in Sydney Harbour in 1942 awakened the country to its vulnerability to in
Suicide bombers have created panic throughout the world. Men are passing the days in fear and apprehension, with no peace of mind. Several hundred or thousand terrorists have tarnished the image of 1.5 billion Muslims of the world. How to save the humanit
The views of S. S. Haider on 'KESC bills' published in the daily Business Recorder of 25th July 2005, speaks of common misery of numerous Karachiites at the hands of KESC.
Globally, the automobile industry is considered to be the mother of all industries and an engine of growth for the economy. It is an indisputable fact that countries that have achieved major industrial growth in the last century have focused on the auto i
Inbox Business Technologies, the leading technological solutions company of Pakistan, unveiled its new line of upcoming computer and home entertainment technologies on Tuesday at ITCN Asia. The foremost of these technologies is a Media Centre PC that will
Federal Minister for Investment and Privatisation Dr Abdul Hafeez Shaikh on Tuesday hinted at emergence of South Asian region for potential investment that has been focused by developed countries. The countries include Pakistan, China, India and Banglades
Viper has attracted hundreds of corporate visitors and professionals during the first day of the ITCN Asia -2005, started here on Tuesday. The exhibition will continue till August 11, 2005 at the Karachi Expo Centre, said a statement here on Tuesday.
President Pervez Musharraf has allowed Slovakia to open embassy in Islamabad. Slovakia Ambassador Jan Jursa stated this during his meeting with FPCCI Vice-President, Akbar Abdullah, and members of the FPCCI Managing Committee held at the Federation House.
Sindh Governor Dr Ishratul Ibad on Tuesday said that all ongoing development projects in Sindh would be completed within two years. The governor was talking to journalists after laying foundation of a bridge on Malir River in Shah Faisal Colony. The bridg
US gold futures extended previous losses early on Tuesday, hit by light speculative liquidation as traders shrugged off a strike by gold miners in South Africa and waited for an expected rise in interest rates later in the session which could bolster the
The Chicago Board of Trade soyabean futures market gapped lower on Tuesday's open, falling through its 100-day moving average, pressured by outlooks for much-needed rain to move through the US Midwest crop region, traders said.
New York copper futures fell like a stone on heavy selling at Tuesday's open after another big jump in exchange warehouse inventories, traders said. The selling soon slowed after stop-loss sell orders got triggered on the way down.
Corn futures at the Chicago Board of Trade fell sharply early on Tuesday following a plunge in soy amid outlooks for wetter weather in key crop areas of the US Midwest, traders said. "The maps changed again this morning and now show some pretty good rains
Chicago Board of Trade wheat futures were lower at midmorning on Tuesday, following the weak trend in soybeans and corn amid a lack of supportive news, traders said.
Raw sugar prices settled at a one-week low Tuesday on technical selling, as investment funds pared back huge long positions in the market which last week drove prices to a 4-1/2-year high, dealers said. The New York Board of Trade's key October raw sugar
US benchmark cocoa futures slid about 2 percent to a one-month low on Tuesday, with follow-through speculative selling weighing on the market for the fifth consecutive session, traders said.
Arabica coffee futures settled modestly higher Tuesday, with prices consolidating after an active session dominated by spread trading between the two front-month contracts, traders said.
Bullion prices drifted lower in Europe on Tuesday as traders waited to see how currencies would react to an expected US Federal Reserve interest rate rise. Some dealers said the market was looking top-heavy after substantial buying by a hedge fund late la
London Metal Exchange (LME) copper prices were off 2.1 percent at Tuesday's kerb, resting on support after liquidation by investors increasingly nervous of rising stocks, traders said.
Liffe cocoa futures closed at the lowest level since mid-June after speculative selling in the London and New York market, dealers said. London's spot September contract slipped 1.3 percent to 827 pounds a tonne, extending Monday's 2.4 percent decline. It
US cotton futures extended the previous day's losses and ended at a 2-week low on Tuesday on some light speculative sales as brokers noted most market participants were likely to pull back business ahead of the USDA's monthly supply/demand report due out
The highly contagious soyabean rust disease spread to another county in Alabama and may have crept into Missouri, state and federal officials said on Tuesday.
Oil prices fell from a record peak on Tuesday as dealers took profits, but tensions in the Middle East and a flurry of refinery problems in the United States kept losses in check.
Coffee connoisseurs may soon struggle to find the famed Jamaican Blue Mountain, one of the world's most expensive coffees, after hurricanes devastated this year's crop on the Caribbean island.
Palm oil is likely to increase its share of the global edible oil market in 2005/06 while the overall market is likely to remain in surplus, Hamburg-based newsletter Oil World forecasts.
Britain's FTSE 100 cruised to a fresh 44-month peak on Tuesday as oil stocks led by BG Group were propelled higher by yet another record high for crude prices, while miners added further support following a bullish broker note.
South Korean shares rose 1.2 percent on Tuesday, ending higher for the first time in five sessions, as investors snapped up stocks with good second-half earnings potential such as lenders and shipbuilders.
US stocks rose on Tuesday for the first time in three days, as investors bet the Federal Reserve will increase interest rates by an expected quarter percentage point and tech bellwether Cisco Systems Inc would report strong earnings.
French utility Suez's bid to buy out minority shareholders in Belgian subsidiary Electrabel took centre stage in the corporate bond market on Tuesday, with the majority cash-financed offer putting spreads under pressure.
French utility Suez's bid to buy out minority shareholders in Belgian subsidiary Electrabel took centre stage in the corporate bond market on Tuesday, with the majority cash-financed offer putting spreads under pressure.
The dollar hit two-month lows against the euro and Swiss franc on Tuesday as investors viewed an expected Federal Reserve interest rate hike later in the session as unlikely to offer support for the US currency.
Sterling hit a 5-week high against the dollar on Tuesday, tracking a broadly weaker US currency, which fell as investors largely discounted an expected Federal Reserve interest rate rise later in the day.
UBS missed market forecasts with a 5 percent increase in second-quarter net profit as weak investment bank results overshadowed strong performance at its private bank, hurting its shares on Tuesday.
Movie rental chain Blockbuster Inc on Tuesday posted a quarterly loss that was more than double Wall Street's forecast as lackluster new video releases failed to attract consumers.
Russia hopes to complete negotiations on joining the World Trade Organisation by the end of this year, Russia's chief negotiator said on Tuesday, according to local news agencies.
MCI Corp on Tuesday said it returned to profitability in the second quarter as cost cuts outweighed a 10 percent reduction in revenue. MCI, which has agreed to be bought by Verizon Communications Inc for $8.6 billion, earned $64 million, or 19 cents per s
MCI Corp on Tuesday said it returned to profitability in the second quarter as cost cuts outweighed a 10 percent reduction in revenue. MCI, which has agreed to be bought by Verizon Communications Inc for $8.6 billion, earned $64 million, or 19 cents per s
Nortel Networks Corp led Toronto stocks to a higher close on Monday after reporting an unexpected jump in revenue, while oil prices scaled a new peak, lifting energy shares.
Telecoms equipment giant Ericsson said on Tuesday it had signed an agreement to manage the mobile phone network of KPN's Belgian operator BASE. "Under the terms of the agreement, Ericsson will be responsible for the day-to-day operation and maintenance of
A safety study for Elan Corp's multiple sclerosis drug Tysabri has found no new confirmed cases of the brain disease that prompted the Irish company to pull the drug, it said on Tuesday, boosting its shares as much as 39 percent.
Time Warner Cable, the second-largest US cable television operator, is mulling an entrance into the US wireless market, but is unlikely to do so through an acquisition, according to its chief executive.
Movie rental chain Blockbuster Inc on Tuesday posted a quarterly loss that was more than double Wall Street's forecast as lackluster new video releases failed to attract consumers.