The dollar weakened on Wednesday as investors considered the greenback's recent rally to two-month highs had gone too far given the current outlook for US interest rates.
The Swiss franc edged higher against the dollar early on Thursday following bullish Swiss economic data the day before and as other major currencies also regained territory from the greenback. The dollar also lost ground against other major currencies, in
Asian currencies edged higher on Thursday, with the Taiwan dollar and Thai baht leading the rise, as foreign investors returned to some regional stock markets on expectations of a recovery in growth.
'Sporting Sketches' the second book of Lateef Jafri, Senior Journalist and critic, has been published by Ferozson's Limited. The book contains pen portraits of 43 leading sportsmen including Cricket stars, Hockey players and Squash legends.
Czech second seed Nicole Vaidisova advanced to the Korea Open quarter-finals on Thursday with an easy 6-2, 6-1 win over Japan's Akiko Morigami. The 16-year-old overpowered Morigami from the outset with strong serves and an efficient forehand to end the ma
Roger Federer put a bumpy start at the Thailand Open behind him with an easy victory on Thursday as British tennis hope Andy Murray lived up to his vow to break into the top 100 this season.
India's Sourav Ganguly is unlikely to attend a meeting of Test captains called by the International Cricket Council (ICC) in Australia next month so that he can concentrate on his batting, an official said here on Thursday.
Indian batting great Sunil Gavaskar Thursday defended captain Sourav Ganguly after he was portrayed as selfish and lazy by England all-rounder Andrew Flintoff. A truce has been brokered by India's cricket chiefs between Ganguly and coach Greg Chappell fol
Senior players Matthew Hayden and Shane Warne on Thursday went into bat for criticised Australian skipper Ricky Ponting ahead of next week's one-day cricket series against a World XI.
The World XI will tap into England's successful Ashes strategies when they take on Australia in three one-day cricket internationals here next week, skipper Shaun Pollock said on Thursday.
Indian naval exercises with Thailand and Indonesia are aimed in part at ensuring security for a new sea route linking the Indian and Pacific oceans, a top Indian general said.
The European Union is to impose an arms embargo on Uzbekistan for refusing to launch an independent inquiry into a massacre in May, according to a draft document seen by AFP on Thursday.
Amid the ongoing occupation of Iraq, most Americans are opposed to using military force to promote democracy, according to a new survey released Thursday.
The Right Livelihood prize, dubbed the "alternative" Nobel Peace Prize, was awarded Thursday to activists from Canada, Malaysia and Botswana for their work to promote fair trade and the rights of migrant workers and indigenous peoples.
The Japanese government is considering pulling its 600 troops out of Iraq in the first half of next year, the national daily Yomiuri Shimbun said on Thursday, but the government denied it had such a plan. Japan's ruling Liberal Democratic Party has alread
Sixty years after the end of World War II, the Dutch national railway company apologised on Thursday for its role in deporting thousands of Jews to Nazi concentration camps.
The Arctic ice shelf has melted for the fourth straight year to its smallest area in a century, driven by rising temperatures that appear linked to a build-up of greenhouse gases, US scientists said on Wednesday.
Egyptian police in the Sinai peninsula have shot dead two men suspected of organising bombings which killed 67 people in the Red Sea resort of Sharm el-Sheikh in July, the Interior Ministry said on Thursday.
A Bangladeshi minister on Thursday defended his government against accusations it was not doing enough to trace militants linked to last month's wave of bombings, as police detained 23 more suspects.
The reconstruction of Ground Zero where the World Trade Center once stood faced another major revision Thursday following the scrapping of a proposed International Freedom Center at the site.
The European Union on Thursday called emergency talks to overcome Austria's objections to starting historic entry negotiations with Turkey, against a mounting sense of brinkmanship over the deadlock.
The United Nations refugee agency on Thursday said an Arab militia attack on a camp in Sudan's Darfur region was feared to have killed at least 29 people and seriously injured 10.
Almost 350 children and teachers have been taken to hospital after going down with suspected food poisoning at a primary school in China, state media reported on Thursday.
Israeli troops shot dead three Palestinian gunmen in raids on Thursday, widening an offensive against militants despite a halt to rocket salvoes from Gaza after Israel's withdrawal.
An American supervisor at a security firm shot dead his Afghan interpreter apparently after a disagreement, police here said on Thursday. The Afghan, identified as Noor Ahmad, was working for United States Protection and Investigation (USPI) which is prov
A mass grave discovered in eastern Afghanistan is thought to contain the bodies of more than 500 soldiers of the communist regime that was toppled in 1992, officials said Thursday.
A major wildfire was raging Thursday near Los Angeles, sparking evacuations in the San Fernando Valley, fire-fighters said. The fire already spanned more than 2,800 hectares (7,000 acres), despite more than 1,000 fire-fighters working to control it. Smoke
Conservative federal judge John Roberts, President George W. Bush's first nominee to the Supreme Court, won US Senate confirmation with bipartisan support on Thursday as the 17th chief justice of the United States.
He might be the self-professed enemy of the West, but a decade ago terrorist mastermind Osama bin Laden considered seeking asylum in Britain, the country's interior minister of the time has said. Michael Howard told The Times on Thursday that the request
Algerians were expected to approve a partial amnesty for hundreds of Islamic militants in a referendum on Thursday intended to bring an end to a decade of brutal violence that cost at least 150,000 lives.
Nigerian troops freed two British oil workers on Thursday less than 24 hours after they were kidnapped for ransom in the southern Niger Delta, a military commander said.
Five African migrants died on Thursday as hundreds stormed a razorwire fence between Morocco and a Spanish enclave, the third assault in as many days on Europe's only land borders with Africa.
Prime Minister Tony Blair apologised on Thursday to an 82-year-old man who was physically ejected from the Labour Party conference for heckling Foreign Secretary Jack Straw over the Iraq war.
Sterling hit a two-month low against a rising dollar on Thursday, with the British currency seeing further pressure after data showed UK house prices fell this month, while comments from a Bank of England official highlighted risks to growth.
The yen rose on Thursday on official comments about an end to the Bank of Japan's ultra-easy monetary policy, while the euro inched up on speculation German politicians might enter a grand coalition.
The rupee inched up on Thursday as hundreds of thousands of bank workers went on a one-day strike to protest against the government's economic policies.
Gains in European corporate bonds slowed after a recent rally as risk appetite declined amid concern that rising energy costs may crimp corporate profitability in the coming months.
Gains in European corporate bonds slowed after a recent rally as risk appetite declined amid concern that rising energy costs may crimp corporate profitability in the coming months.
South Korean shares hit a record high on Thursday, as institutional investors extended a recent buying spree, snapping up lenders such as Hana Bank and other firms seen with strong earnings potential.
US stocks edged higher on Thursday as investors kept a wary eye on energy markets, while gains in eBay Inc boosted technology shares. PepsiCo Inc shares rose 2.3 percent, to $56.35 on the New York Stock Exchange after the company said revenue rose to $8.1
Indian shares extended a record-breaking rally into the third straight session on Thursday as foreign investors bought blue chip shares ahead of July-September earnings due next month.
Britain's FTSE 100 index closed below a fresh four-year high on Thursday as investors cashed in some of their recent gains in mining shares, although oils held up on the high crude price.
China, the world's biggest producer and consumer of rice, is close to approving a genetically modified version of the staple, a state newspaper said on Thursday, but scientists denied any breakthrough was imminent.
Iraq will soon receive a $300 million guarantee to finance future imports of Australian wheat and speed up purchases, Iraqi Trade Bank head Hussein al-Uzri said on Thursday.
US oil prices rose on Thursday on signs that crude production from the US Gulf of Mexico may be slow to return after back-to-back hurricanes left the region in shambles.
The European Union maintained its wheat export subsidy at a maximum of 7.50 euros a tonne on Thursday but the volume covered dropped to 139,500 tonnes from more than 280,000 last week.
Cotton futures settled at a two-month high Thursday on speculative buying as the market appeared to be bucking bearish fundamentals while waiting for news on hurricane damage in the US Delta, brokers said.
London white sugar futures settled mixed on Thursday after an EU export tender that surprised some traders because of the low volume awarded against heavy bids. Front-month December settled at $299.5 a tonne, down 50 cents in volume of 2,066 lots, after m
Copper ended above $3,800 a tonne in London trading on Thursday, off an earlier record high as the market braced for a possible bout of profit-taking by the end of the current quarter on Friday, dealers said.
Gold crept to within $2 of last week's 17-3/4-year high in Europe on Thursday as funds continued to buy on the back of high crude oil prices and the currency market remained choppy, dealers said.
US coffee futures ended narrowly mixed Thursday after investors warily digested news about an intentional suspension of licenses of warehouses holding exchange-certified coffee in hurricane-stricken New Orleans, traders said.
US cocoa futures prices climbed more than 4 percent to a two-week high Thursday, fuelled by speculators buying on bullish technical signals following weeks of sharp losses and contract lows, traders said.
Raw sugar prices stumbled to a weak close Thursday on speculative and trade sales as players scrambled to get out of positions in the spot October contract before it expires Friday, analysts said.
Corn futures at the Chicago Board of Trade were firm early on Thursday on a technical bounce as the market was oversold, hovering near contract lows, traders said. The nine-day RSI for December closed Wednesday at 25, below the benchmark 30 that chartists
Wheat futures at the Chicago Board of Trade were higher early on Thursday on fund short covering and weather concerns, traders said. At 10 am CDT (1500 GMT), CBOT wheat was up 3-3/4 to 4-3/4 cents per bushel, with December up 4-1/2 cents at $3.33-1/4.
US copper futures pulled back from the prior session's record highs early Thursday, though benchmark December hit another life-of-contract high, but dealers noted a slightly stronger US dollar and some end of the quarter profit-taking were seen weighing o
Soyabean futures at the Chicago Board of Trade were called 1 to 2 cents per bushel higher on Thursday, getting a lift from larger-than-expected monthly crush data and higher crude oil prices, traders said.
Gold futures topped $475 an ounce early Thursday as commercial players and funds continued to run the precious metal toward last week's watershed highs against a backdrop of sky-high energy prices.
A high level UAE delegation has expressed interest in various projects including establishment of 5-Star hotel, shopping plaza, golf course and other recreational facilities in Islamabad.
Advancement in telecommunication technology will put the country on the path of progress and prosperity. This was observed at the inaugural ceremony of wireless local loop system set up here by World Call Telecommunication.
The Trading Corporation of Pakistan (TCP) will purchase 300,000 bales of clean cotton this season and has selected some 30 factories of South Punjab for the purpose.
Pakistani rice farmers were using 3,000 litre water for production of one kg rice while Chinese farmers were applying 1,200 litre water per one kg rice.
Pakistan Railways (PR) has announced to change the timings of all its reservation offices during the holy month of Ramazan. According to the announcement, first shift would work from 7:30 am to 12:00 noon.
The newly elected president of Sarhad Chamber of Commerce & Industry (SCCI) Ghazafar Ahmad Bilour would take charge of office on October 1. The senior vice president elected is Inayat Khan and vice president is Ahmad Khan.
Pakistan, China here on Thursday signed an agreement to develop bilateral co-operation in meteorological field, helping each other for weather and climate forecast.
While the whole Muslim world waits for the holy month of Ramazan to fast during the month, pray, worship to get pardoned for their misdeeds and to glorify 'Allah' as much as we can, in Pakistan, we eagerly wait for the advent of this blessed month to hoar
Perched on a valley hill in China's bleak and far-flung west, all appears as it should at Kumbum monastery, with peaceful and appropriately chaste monks in flowing crimson robes chanting morning mantras to rhythmic drum beats.
Lured by the money being offered by the dozens of global pharmaceutical firms doing clinical trials in India, human guinea pig M. Mahesh, is testing his sixth drug - this time helping in the search for a cure for asthma.
Governance - which remains a sensitive and misunderstood topic - is now being given a higher priority in development circles. A few donors and International Financial Institutions (IFIs) have begun to work with some emerging economies to help reduce corru
According to a Recorder Report from Peshawar (September 20), the Small and Medium Enterprise Development Authority has started work on preparation of a strategy for development of the country's honey sector through increasing productivity, improvement in
The happy tidings of a relief up to 15 percent in the prices of 500 essential items of general use during the fasting month of Ramazan, as the Minister for Industries and Production, Jahangir Khan Tareen, gave at a press conference the other day, on the P
Renowned Poet Umeed Fazli died on Wednesday night after a protracted illness. This was announced in a statement of the Anjuman Taraqi Urdu Pakistan here on Thursday.
Mazharul Haq Siddiqui, Vice chancellor Sindh University inaugurated 33rd operational branch of the Pakistan Industrial Credit and Investment Corporation (PICIC) at Qasimabad on Wednesday. Speaking on the occasion, the Vice Chancellor said that focusing at
A division bench of High Court of Sindh (SHC), comprising Justice Ghulam Rabbani and Justice Azizullah M Memon, on Wednesday issued notices to Governor, SBP for October 4 while hearing a constitution petition filed by three lower grade employees.
Mohammad Nadeem Sharif was elected unopposed Chairman of the Travel Agents Association of Pakistan (TAAP) for 2005-2006. This is the second time that Sharif has been elected Chairman. He was also elected Chairman in 2003-2004. Mohammad Nadeem Sharif has p
A Pakistani and a Chinese company have entered into a joint venture for manufacturing Optical Brightening Agents (OBA) which is used in textile, paper, plastic, household and items of personal care.
Pakistan State Oil's (PSO) upgraded tank lorry fleet will soon touch the 1,000 mark enabling timely and safe deliveries of product while theft cases would be minimised, PSO officials said on Thursday.
An alert alarm has been given for a potential risk increase of child retardation in newly born and unborn babies in the Tsunami devastated areas by a world famed epidemiological researcher of Pakistan, Professor Dr Aurangzeb Hafi.
Ramazan Moon is likely to be sighted in Pakistan on October 5 and the holy month will start from October 6. According to the Pakistan Academy of Sciences, there is a high probability of the 1426 Ramazan crescent being sighed in Pakistan on the evening of
Prominent Pashto singer Irfan Khan has filed damaging suit of Rs one million in the court of District and Session Judge Peshawar against a local cinema owner, producer and director of a Pashto movie for filming his famous song without his consent which wa
NWFP Senior Minister Siraj-ul-Haq has felicitated Ghazanfar Bilour and other newly elected office bearers of Sarhad Chamber of Commerce and Industries (SCCI).
Car Dealers Association (CDA) and Auto-Mobiles Brokers Association (AMBA) have strongly protested over the imposition of 15 percent sales tax on the sale and purchase of new and old cars describing it as illogical and unfair.
Car Dealers Association (CDA) and Auto-Mobiles Brokers Association (AMBA) have strongly protested over the imposition of 15 percent sales tax on the sale and purchase of new and old cars describing it as illogical and unfair.
The Pakistan-European Union Troika talks concluded here with the two sides agreed to enhance co-operation in the war against terrorism, and greater economic interaction. Pakistan-EU Troika talks are the part of continuing dialogue between the two sides he
Rector International Islamic University Islamabad (IIUI) former Justice Khalil-ur-Rehman on Thursday said their efforts in IIUI are centred to develop balanced personality of students with highest level of academia excellency and holistic approach to life
Minister of State for Interior, Wasim Shahzad on Thursday said Pakistan is implementing the prisoners' exchange agreement with India with hopes that other party would also reciprocate in same spirit.
The Executive Committee of the All Pakistan Newspapers Society (APNS) held its meeting in Lahore on Thursday. APNS President Mir Shakil-ur-Rahman chaired the meeting.
As many as 733 madrassahs have been registered with the Punjab Auqaf and Religious Affairs Ministry under the amended Registration of Societies Act 1860 so far, while 95 applications are still pending with the ministry. Around 434 madrassahs were register
The introduction of machine readable passports (MRP) has helped eliminate fraudulent practices, an official of National Database Registration Authority (Nadra) said on Thursday.
NWFP Administration department has issued a notification on Thursday, in which following office timings will be observed during the holy month of Ramzan in the provincial government offices, including district offices; from Monday to Thursday & Saturday (
Federal Minister for Agriculture Sikandar Hayat Bosan has advised sugar mill owners to end exploitation of farmers and take practical steps to resolve problems faced by them.
Sungi Development Foundation and Sarhad Awami Forestry Ittehad (Safi) on Thursday urged the federal government to lift ban on commercial harvesting of forests in the country through a transparent and consultative process.
Pakistan's envoy to London Dr Maleeha Lodhi has thanked the ruling Labour Party for its commitment to help resolve the Kashmir dispute and billed it a "significant step."