Cotton futures settled higher Friday on combined trade and speculative buying in a modest recovery from the recent downturn, with market players saying fiber contracts will look for leads next week.
London white sugar futures closed firmer in light volumes on Friday, but traders said the market was stuck in a range and physical business was scarce. Front month December settled up $3.60 at $301.50 per tonne in volume of 914 lots, having moved from $30
London Metal Exchange (LME) copper prices pared losses in the final floor trading session on Friday, but still ended sharply down from the day before as the market caved in under technical and fund selling, dealers said.
Gold edged up in Europe on Friday, supported by good physical demand and weakness in the US currency, but softer crude oil prices could prompt some players to exit the market, dealers said.
US nearby coffee futures fell 2 percent Friday, depressed by funds liquidating long positions and speculators banking profits ahead of the weekend following a week of lofty gains, traders said.
US cocoa futures closed narrowly mixed Friday after cocoa grind data for the third quarter showed a smaller-than-expected rise from the same period in 2004.
Raw sugar prices closed Friday near session highs due to late speculative short-covering, although the sweetener is still mired in a band and would need fresh leads next week, brokers said.
Wheat futures on the Chicago Board of Trade were lower in rangebound trade early on Friday, after Thursday's higher technical close, traders said. As of 10:55 am CDT (1555 GMT), CBOT December was down 3 cents at $3.29-1/4 per bushel. Deferred months were
US copper futures were sold heavily in a bout of fund-led long liquidation early Friday, after a slide in crude oil prices undermined holdings in several commodity markets, traders said. "The funds are liquidating long positions right now," said one floor
Soyabean futures at the Chicago Board of Trade tumbled early on Friday in a technical breakdown, with November slipping below $5.76-1/2 support and filling a chart gap left open following last week's rally after USDA's crop report, traders said.
Gold rose in early New York futures trade early on Friday, as cheaper bullion prices and a soft dollar motivated buying by consumers and bullish investors looking for an eventual test of $500 an ounce.
All the districts of Sindh made significant contributions in dispatching huge quantity of relief goods including flour, rice, ghee, sugar, tea, pulses, blankets, warm clothing and tents for the victims of earthquake-affected areas of Azad Kashmir, NWFP an
The Executive Director, Justice Foundation Kashmir Centre London, Professor Nazir Shawl has welcomed the bold humanitarian initiative announced by Pakistan President General Pervez Musharraf in Muzaffarabad and Azad Kashmir.
More than 76 development projects of the Tameer-e-Punjab programme worth Rs 27 million were approved in a Provincial Steering Committee meeting presided over by the Punjab Law and Local Governments Minister Muhammad Basharat Raja.
Dr Muhammad Afzal, Director General Agriculture (Research), Ayub Agricultural Research Institute, Faisalabad has emphasised the need for meeting proper procedural requirements before releasing a variety for general cultivation.
As many as 80 trucks, carrying 237 tons ration for earthquake-hit areas, have been sent from Relief Camp Garrison Park Sialkot so far in ten days by the Army.
Besides government hospitals, private hospitals would also be taking an active part in providing medical treatment to the injured being shifted to Faisalabad from the quake-hit areas.
As many as 1100 trucks of tents, blankets and quilts, dry rations and other necessities have so far been sent to the affected areas from the three districts of former Faisalabad division, ie Faisalabad, Jhang and Toba Tek Singh districts so far.
The President Pervez Musharraf's Taamir-e-Karachi Programme will give a new look to sprawling city of Karachi. One of the mega projects of T.K.P. is in progress at a satisfactory pace under W & S Department C.D.G.K; bridge over Malir River connecting Shah
The common man of Pakistan has proven that they stand united with their fellow brethren in times of distress. On 8th October, Pakistan's northern areas and Azad Kashmir, were shaken by an earthquake that left in its wake hundreds, of thousands dead, injur
Kuwaiti investors who throng to Mount Lebanon's resort town of Bhamdoun during their holidays can trade their stocks on the Kuwaiti bourse courtesy of a dealing room at the Ambassador Hotel. Nearby, real estate companies help them buy land, houses and ren
Hurricane Wilma, which roared through the Caribbean this week and appeared headed for Florida, is the season's record-tying 21st storm -- and another reason for insurers to revisit weather forecasts.
In North Korea, they ask whether you speak "chosun-mal". In South Korea, they want to know whether you can converse in "hanguk-mal". A different name for their ostensibly common language is a measure of how far North and South Koreans have grown apart dur
It, indeed, is heartening to learn from a Recorder Report that the controversy over the commencement of cane crushing season in Sindh has been resolved, with the millers agreeing to start crushing by November 15.
Around 600 doctors, besides 64 nurses and 104 paramedics, have been deployed by the ministry of health and WHO in the earthquake-hit areas. They are rendering their services in field hospitals established by the ministry.
The Financial Sector Assessment report, released by the State Bank on 15th October 2005, contains a comprehensive account of the developments during Calendar Year 2004 (CY04). The financial sector, the report claims, has recorded visible changes not only
At the EDUCAUSE-2005 conference in Orlando, Nortel announced new customers and deployments of multimedia and campus mobility solutions that enable universities to transform the learning environment.
An accountability court on Friday adjourned to November 12, the proceedings in a reference against former federal minister Jehangir Badr, as his petition is pending with Supreme Court of Pakistan. The accused is facing charges of misusing his powers as fe
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).
As many as 18 Pakistani companies successfully exhibited at Anuga 2005 food event, mainly for staple food, frozen food, dairy products, confectionery, dry fruit, held in Cologne, Germany from October 8 to 12, 2005.
Led by Chairman executive committee, Tools, Dies and Molds (TDM) Centre, Karachi, Munir K Bana, a seven-member TDM delegation left for Singapore on Friday on the first leg of its visit to South East Asia.
Punjab Assembly that commenced its 22nd session Friday passed Societies Registration (Amendment) Bill 2005. The opposition raised issue of quorum and made a partial boycott of the assembly proceedings on the occasion.
The Civil Aviation Authority (CAA) in order to accommodate maximum number of relief flights at the Islamabad International Airport is diverting other flights to Lahore airport.
The Faysal Bank has achieved a remarkable growth rate during the last five years. The bank has expanded branches' network, which marked commendable increase in its business profitability, the Bank sources said.
The Faysal Bank has achieved a remarkable growth rate during the last five years. The bank has expanded branches' network, which marked commendable increase in its business profitability, the Bank sources said.
Member Sales Tax, Central Board of Revenue (CBR) Shahid Ahmed said all pending claims should be cleared by November 15, this year. He also directed the Sales Tax Collectorates to immediately pay refunds to the exporters and no excuse should be forwarded f
The small & medium-sized rice exporters have invited the attention of Tariq Ikram, chairman Export Promotion Bureau (EPB) to the urgent need of detaching the Quality Review Committee (QRC) from the Rice Exporters Association of Pakistan (Reap).
The Mafia under the patronage of feudal politicians moving in power corridors has cut down the productive forests spread over an area of 0.8 million acres to hardly ten per cent through illegal cutting despite ban imposed by the Federal Government on harv
Amid disorder the Sindh Assembly on Friday passed a censure motion with simple majority against Leader of the Opposition Nisar Ahmed Khuhro for his uncalled for remarks on the working of the Sindh Assembly that had appeared in last Friday's newspapers. Mu
Punjab University has established a committee, headed by Professor Dr Dil Muhammad Malik to supervise the admission process for the students of Azad Jammu and Kashmir University to the Punjab University.
On account of Eid-ul-Fitr falling on November 4 and Diwali on November 1, the Sindh government has decided that full pay and allowances/pension for October will be paid in advance to all Muslim and Hindu employees/pensioners of provincial government (incl
Prominent religious leader Maulana Abdul Hameed died at Drosh, some 45 km from here on Friday. He was 71. Maulana Abdul Hameed was born in 1934 at Kari village Chitral. He got his education from Wafaqul Madaris and served as Sheikhul Hadith for 35 years.
The opposition on Friday proposed formation of a house committee to monitor utilisation of foreign and local financial assistance for the earthquake victims.
Ministry of Religious Affairs has finalised the month long flight schedule of pilgrims who will perform Haj in January 2006 through the arrangements of the private group organisers, official sources told Business Recorder here on Friday.
During the period under review, the investment bank has been able to reach new heights in shareholders equity, total assets and gross revenue as can be seen from the Performance Statistics appended with this column.
The National Assembly was informed on Friday that a new "livestock development policy" is likely to be introduced in the country soon. In his written reply, federal minister for food, agriculture and livestock Sikandar Hayat Bosan said the new policy is r
During the period under review, the investment bank has been able to reach new heights in shareholders equity, total assets and gross revenue as can be seen from the Performance Statistics appended with this column.
The NWFP Assembly on Friday echoed with the demands for lifting ban on carrying licensed weapons as the treasury has assured the demanding members that they would look seriously into matter.
More than 1,300 Pakistan nationals are imprisoned in various jails of Oman and United Arab Emirates. According to documents placed before the National Assembly, 81 Pakistanis are imprisoned in various jails in the Sultanate of Oman.
In the National Assembly on Friday it was Qazi vs Qazi: both knew what they were saying. Qazi Hussain Ahmad had just returned from an extensive tour of quake-hit areas where the contribution of his Jamaat-i-Islami in alleviating sufferings of the affected
The Poverty Reduction Strategy Paper (PRSP) expenditures for FY05 stood at Rs 316.2 billion, which indicate an increase of 21 percent in FY05 over FY04. All provinces and Federal areas have also increased their PRSP expenditures in FY05 as compared to FY0
In order to facilitate the transportation of relief goods to the affected areas by road at standardised rates, the Secretary District Regional Transport Authority Chaudhry Muhammad Iqbal has issued rate lists of truck fares for the convenience of general
Minister of State for Housing and Works, Sardar Muhammad Asif Nakai has said that the government was taking practical steps for the rehabilitation of the disabled persons to make them useful citizens of the society.
Federal Commerce Minister Humayun Akhtar Khan has assured the business community that government would utilise relief assistance in transparent & judicious manner for rebuilding infrastructure in the quake stricken area, which would take years not months.
Senate Chairman Mohammedmian Soomro said the government was focusing on relief and rehabilitation of the earthquake victims and would provide maximum possible assistance to the affected people of Azad Kashmir and the NWFP.
The 18-member Cabinet Committee on Earthquake, Reconstruction and Rehabilitation will meet under the chairmanship of Prime Minister Shaukat Aziz here on Saturday to review the ongoing relief efforts in quake-stricken areas, official sources told Busine
President Pervez Musharraf and Prime Minister Shaukat Aziz in separate messages to Prime Minister of Malaysia, Dato Seri Abdullah Ahmad Badawi, conveyed their sincere condolences and sympathies on the sad demise of his wife, Datin Seri Endon binti Mahmood
A 15-member delegation of industrialists comprising representatives of Federation of Pakistan Chamber of Commerce and Industry (FPCCI) from NWFP called on the Governor Khalil-ur-Rehman at Governor's House here on Friday and requested him to help in resolv
Prime Minister Shaukat Aziz on Friday visited the Call Centre of the National Relief Commission here at the PM Secretariat and appreciated the contribution of the volunteers working there to receive calls round the clock.
Chief of Naval Staff, Admiral M. Afzal Tahir, on Friday called on Minister for Defence, Rao Sikandar Iqbal and Minister of State for Defence, Zahid Hamid, separately. Admiral M. Afzal Tahir, remained with the ministers for some time and discussed with the
Punjab Chief Minister Chaudhry Pervaiz Elahi addressing a press conference after arrival from his foreign tour here on Friday said that provincial government had given an aid of Rs one billion for tremor affected since eruption of earthquake 12 days ago.
Pakistan Cricket Board (PCB) has announced Pakistan-XI to play against England at Rawalpindi from October 31 to November 02, 2005. The players are Misbah-ul-Haq (captain), Asher Zaidi, Yasir Hameed, Bazid Khan, Asim Kamal, Faisal Iqbal, Imran Tahir, Yasir