Oil prices briefly sank below $59 a barrel on Wednesday for the first time since late July, after US data showed crude supplies rose and warm weather sapped demand for winter fuels.
The Bush administration filed a complaint with the World Trade Organisation about Turkey's restrictions on imports of American rice, the US Trade Representative said on Wednesday.
Top US trade officials will travel to Africa next week, according to industry and diplomatic sources, for meetings likely to center on demands by some of the world's poorest cotton producers that Washington scrap big subsidies for US farmers.
Cotton futures ended firmer Wednesday on late speculative buying and fiber contracts may well stay in a band given the dearth of fresh leads at the moment, brokers said.
London white sugar futures closed higher on trade and speculative buying on Wednesday on a stronger New York raws market, traders said. Front-month December settled up $4.40 or 1.6 percent at $283.40 per tonne in hefty volume of 3,345 lots, having moved f
London Metal Exchange (LME) prices ended higher on Wednesday on light buying after uneventful options expires, with copper, aluminium and zinc leading the way, analysts and dealers said. "The market is ticking over. Copper, aluminium and zinc are higher b
Gold prices bounced on Wednesday in Europe, paring heavy losses from the start of the week, with currencies seen guiding the market in the short term. The precious metal fell to its lowest in five weeks at $457.50 a troy ounce on Tuesday, pressured by spe
US coffee futures jumped 4 percent Wednesday, buoyed in large part by speculators buying back their short positions from a recent three-week low and lingering worries about supply tightness, sources said.
US cocoa futures settled a touch higher Wednesday in a quiet session, with market players continuing to switch positions ahead of the front-month delivery's first notice day in two weeks, traders said.
Raw sugar prices rebounded from a fall to a five-week low by banking on speculative buying to end firmer Wednesday and the sweetener may consolidate around its current level over the coming sessions, brokers said.
Soft red winter wheat futures at the Chicago Board of Trade were lower early on Wednesday amid a sag in corn and soy and overall good crop weather in the US winter wheat belt, traders said.
US copper futures opened with modest gains Wednesday on the heels of a slightly firmer London market as expectations of market volatility following expires of November traded options failed to materialise as some had forecast and held prices in a narrow m
Chicago Board of Trade soyabean futures slipped about 3 to 5 cents early Wednesday then recovered a bit after soyameal turned higher in a technical rebound, traders said.
Gold in New York bounced from a six-week low on Wednesday, as metals and currency traders took a cue from a firmer euro against the dollar and after two days of heavy fund selling in gold dried up, dealers said.
Dnata Cargo, the cargo-handling operator at Dubai Airport, is doing its bit to assist relief flights to Pakistan. According to a press release issued here on Wednesday, in the last two weeks Dnata has put extra hands on deck to facilitate the increased ac
All customs export stations especially at Port Qasim will remain open till 7 pm on Thursday November 3 for examination. The arrangements have been made by the Collector Export, Nisar Mohammad on a request made by the Central Chairman of Pakistan Readymade
City Nazim Syed Mustafa Kamal has said that City District Government Karachi (CDGK) would construct Southern Bypass to connect National Highway with the city, adding planning in this regard had been initiated. He was presiding over an advisory meeting of
The Karachi Water and Sewerage Board (KW&SB) on Wednesday said that its all complaint centers would be fully functioning during the Eid holidays to facilitate the citizens.
Hyderabad Zila Nazim Kanwar Naveed has emphasised for converting prisons into reforming and rehabilitation centres so that inmates after their release could lead a life as responsible members of society.
Secretary Information Pakistan Peoples Party and ex-member National Finance Commission, Taj Haider, commenting on the appointment of a tribunal on the question of computing hydel-profits for NWFP has said that it was yet another ploy of the Federal Govern
The National Logistic Corporation (NLC) has passed out Long Vehicle Drivers (LVDs) of civilian driver's course. This was a four-month driving course of long vehicle in which drivers were given training for handling the long vehicles being used by NLC for
The catastrophe of 8th October 2005 which struck the northern Pakistan and Azad Kashmir has made 4.0 million people homeless and the extent of destruction of houses and communities is far more than tsunami as stated by WHO.
The Sindh Cultural Heritage Act 1994 awarded the status of protected heritage to hundreds of buildings in Karachi, banning any construction, demolition, renovation of these sites by their respective owners.
Among it's varied segregate entities, the Automotive Division is the one of the corner stones of Aljomaih's activity, turnover and growth. Aljomaih is the largest General Motors dealer in the Middle East and is also considered the largest dealer in the wo
It has become a routine. Iraqi insurgents blow up one of the North Oil Company's facilities out in the scrubland. Engineers go and patch it up. The guerrillas fire on them and they beat a retreat.
Vulnerability is not an empty term for the people of NWFP. The province has a recent history of vulnerability to natural disasters. Winter rains, snow, and floods in summer brought destruction of settlements, crops, and livelihood. According to the provin
The allegation of the Private Power Infrastructure Board (PPIB) regarding the government's priority to the Alternative Energy Development Board in the allocation of financial resources, appears to be based on certain misconceptions. PPIB's contention is t
The UN has made a desperate appeal for help to save lives in the quake-hit areas of Pakistan, saying it would be forced to scale down its relief operations if it does not receive more cash urgently from the donor countries. A UN official told a news confe
The Higher Education Commission (HEC) has selected seven students to do MA/MSC leading PhD in economics and finance abroad. The students have been advised to secure admission in universities preferably in a broad field of study, which included applied eco
The District Bar Association Jhang has rejected the proposed shifting of Jhang District Courts from its present site to a place some 15km from the city on Chiniot Road.
PPPP has asked whether Nato forces would stay in Pakistan for 90 days like General Zia-ul-Haq's 90 days and other military adventurists and said that when Nato forces can be allowed to serve for the rehabilitation of quake-hit people and reconstruction of
A target for canola output was fixed at 129,000 hectares in the recent meeting of Pakistan Oilseed Development Board (POBD) for 2005-06 as part of canola cultivation campaign. Sources divulged on Wednesday that the target fixed was 14.3 percent above last
Pakistan Chemists Retailers Association (PCRA) has condemned doctors, running their clinics and hospitals across the country for 'counter' sale of drugs to outside patients at their private commercial medical stores established without acquiring drugs sal
The NWFP Minister for Local Government and Rural Development Sardar Muhammad Idrees has directed the district administration of Abbottabad to arrange regular paid teachers and doctors at the tentage village established by the NWFP government at Banda Sahi
EO Pakistan has arranged 'Learner Event' with an entrepreneurial speaker Allon Raiz in Lahore. Allon Raiz, from South Africa, toured Dubai and India on his way to Pakistan and found it to be exciting and entertaining to be here, said a press release here
Pakistan Army has evacuated all serious injured from all the areas of NWFP struck by the earthquake, said an ISPR press release issued here on Wednesday.
The government officials will enjoy seven-day holidays on Eid festival, as most of the employees residing in different parts of the country have obtained two-day leave in advance for November 7 and 8.
Secretary Supreme Court Bar Association (SCBA) has said that results of SCBA elections would be officially announced on November 08. Talking to newsmen here Wednesday, he said that official counting of votes would be held in the main office of the SCBA at
The Lahore High Court (LHC) has dismissed a petition against a Tehsil Nazim Feroz Khan Joya of Piplan district Mianwali, as the petitioner failed to prove his case.
Lahore Chambers of Commerce and Industry (LCCI) President, Mian Shafqat Ali has said that instead of limiting exports to indigenous raw materials and goods manufactured from them, Pakistani exporters should import raw material and semi-processed goods to
University of Health Sciences (UHS) Lahore has declared the results of 3rd professional BDS Annual Examination, 2005 of de'Montmorency Institute of Dental Sciences Lahore, Nishtar Medical College, Multan, Lahore Medical and Dental College, Lahore and FMH
A delegation comprising the executive committee members of Tools, Dies and Molds (TDM) Center, Karachi project has returned home after visiting Singapore, Malaysia, Korea and Thailand.
With Eid-ul-Fitr is round the corner, Eid shopping has gained momentum in the provincial capital, as shoppers thronged the shopping centres, markets and shops on Wednesday.
Jammu Kashmir Liberation Front (JKLF) Chairman Yasin Malik has urged the leadership of India and Pakistan not to let Delhi bomb attacks hinder the peace process between two countries.
Advisor to Prime Minister on Finance and Economic Affairs Dr Salman Shah said the reconstruction drive would lead to revival of economic activities and strengthening of food, agriculture and livestock sectors in the quake-affected areas.
An illiterate Pakistani woman whose gang rape triggered an international outcry took her case to the US Congress on Tuesday, saying she feared for her life. "There are efforts to suppress my voice at every level," Mukhtaran Mai said in a soft voice throug
Pakistan People's Party Parliamentarians on Wednesday called for deferment of over $1 billion purchase of six surveillance planes from Sweden and channelling the money for desperately-needed rehabilitation of earthquake victims.
The US military said it was resuming helicopter relief flights in the earthquake zone on Wednesday, even though it believed a rocket-propelled grenade (RPG) was fired at one of the aircraft on Tuesday.
District and Sessions Judge Muhammad Ashraf Bhatti has awarded 25 years Rigorous Imprisonment (RI) and Rs 30,000 fine to a murder convict in a thana Khudian case.
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).
Federal government is actively considering to establish 'Garment Skill Development Board' to implement initiative of skill development and training of workers in the country.
In a surprise raid on a notorious gambling den, police caught nine accused red handed besides recovering the stake money and the gambling equipment from the scene, police said here on Wednesday.
Pakistan Muslim League-Nawaz (PML-N) has announced to celebrate the forthcoming Eid-ul-Fitr with simplicity and austerity in view of October 8 devastating earthquake that killed more than 57,000 people in northern Pakistan.
Four people of Zakkha Khel (Landi Kotal) were killed on the spot when they were going to their home from Karachi in car to celebrate the Eid-ul-Fitr. Police said.
Engineer Imran Ashraf, Member Punjab Assembly of PML-N has said that PML-N was making adequate efforts for resolving the miseries and problems of quake-stricken people of the country.
Asian Development Bank experts have pointed out a major constraint for agribusiness in SME development, saying that it did not have access to formal sector debt and equity finance.
Peshawar Nazim Haji Ghulam Ali on Tuesday announced to construct 15 underpasses at various roads of the city to lessen the growing traffic problem and save the precious time of people wasted in traffic jams.
The new management of Karachi Electric Supply Corporation (KESC) would certainly overcome the menace of electricity pilferage by introducing modern technology.
Meeting of the NWFP cabinet was held at Chief Minister's Secretariat Peshawar on Wednesday. The NWFP Chief Minister Akram Khan Durrani presided. The meeting took stock of the matters about ensuring relief activities, rehabilitating affectees and providing
PTCL -Lahore Telecom Region (LTR) has set up a special cell for redressal of complaints from PTCL consumers during Eid holidays. LTR General Manager South Hafeez-ul-Islam said here on Wednesday subscribers could lodge complaints on telephone No 6308694 or
Punjab Chief Minister Chaudhry Pervaiz Elahi received renowned artiste Usman Peerzada at Chief Minister's House on Wednesday where artiste gave 150 tents for relief operations in earthquake hit areas of Azad Kashmir & Northern Areas.
Punjab Chief Minister Chaudhry Pervaiz Elahi chairing a meeting here on Wednesday said that in order to promote law and order and provide security to the people 155 police patrolling posts have been made operational in the province while the remaining wou
Sarhad Chamber of Commerce and Industry (SCCI) on Standing Committee on Dry Ports Chairman Zia-ul-Haq Sarhadi has welcomed the statement of federal Railways Minister Shamim Haider about establishment of new dry ports on modern lines in the country.
A major power breakdown hit the city here on early Wednesday morning when Wapda's 600 megawatt power line was tripped at Jamshoro Grid Station. The line tripping pushed the areas of Liaquatabad, Gulberg, North Nazimabad, Sharifabad, Nazimabad and FB Area
The State Bank of Pakistan has issued 557.033 million pieces of new currency notes of various denominations worth Rs 63.420 billion from first Ramazan to 27th (November 1), Chief Spokesman of SBP Syed Waseemuddin told APP here on Wednesday.
Some 1400 villagers will get benefit after electrification of four coastal villages through Wind Solar Hybrid Power Generation System in coastal belt of Thatta district.
The cash donations will not be accepted at the Army Relief Camps, an official of the ISPR stated here on Wednesday. He said donors had been requested to deposit cash donations into the President's Relief Fund for earthquake affected people.
Begum Laila Sarfraz has been nominated as the new president of All Pakistan Women's Association (APWA). A spokesperson of the organisation said here Wednesday that she had already assumed her responsibilities.