Sterling dipped to a two-year low against the dollar on Monday as traders continued to chase the greenback in anticipation of higher US interest rates.
The dollar scaled a 27-month high against the yen and two-year peak versus sterling on Monday as the dollar's bull run continued on the prospect of rising US interest rates.
Cotton futures closed softer Monday on modest speculative sales after the holiday break as the market showed little inclination to break out of its recent trading band, brokers said.
London benchmark March white sugar futures closed up 1.7 percent on fund, speculator and trade buying on Monday, dealers said. March settled up $5.30 at $310.30 per tonne in volume of 5,373 lots, having moved from $304.5 to $312.
London Metal Exchange (LME) metals put on a strong showing at the close of trade on Monday with aluminium, lead and zinc at or near highs and copper consolidating above $4,200 a tonne, dealers said.
Oil slumped on Monday as unusually mild temperatures in the United States curbed demand for heating oil and Opec ministers said they saw no need to trim their output in a "beautifully" balanced market.
Gold fell marginally from an 18-year peak in Europe after trading within striking distance of the big psychological level of $500 an ounce, but analyst said the metal had the potential to rise again.
Gold fell marginally from an 18-year peak in Europe after trading within striking distance of the big psychological level of $500 an ounce, but analyst said the metal had the potential to rise again.
Gold fell marginally from an 18-year peak in Europe after trading within striking distance of the big psychological level of $500 an ounce, but analyst said the metal had the potential to rise again.
According to reports, the construction work of Port Fountain Jet near Clifton beach at Oyster Rocks is in full swing. This is a turnkey project meaning the UK company invent Water Treatment is both the consultant and contractor.
Azerbaijan has an image problem: it is ruled by a dynasty, corrupt officials squander its oil wealth, police beat up protesters and it has just held an election Western observers said was spoiled by fraud. But it has a public relations ace up its sleeve.
Islamic banking is in the early stage of its development. For years Islamic banks remained relatively small and offered very limited range of products to a narrow domestic client base.
The signing of the Framework Agreement on Comprehensive Economic Partnership (FACEP) between Pakistan and Indonesia marks an important step towards enhancing the existing level of economic co-operation between the two brotherly countries.
Kashmiris must play their part in resolving the issue. Talking to journalists during his tour of some of the quake-affected areas of Azad Kashmir on Wednesday, US Ambassador Ryan C Crocker termed the Kashmir issue as a critical problem, adding that it can
The Pakistan Medical Association (PMA) has expressed dismay over the rising cases of haemorrhagic fever in Karachi, where some 60 cases have been reported so far in different hospitals, including Jinnah Postgraduate Medical Center (JPMC), Civil Hospital a
The recently concluded Second National Conference on Agriculture and Animal Sciences recommended some important measures imperative for sustainable development of agriculture sector in the country.
The Sindh Assembly on Monday deferred Question Hour till Tuesday and amidst noisy protest by the opposition took up legislation work and passed one bill, referred another to the relevant House Committee and laid three bills before the House for considerat
A dinner was organised by Askari MasterCard recently at Avari Towers Karachi, to commemorate the winner of lucky draw of "Together wherever" travel promotion, launched by MasterCard International.
The World Bank (WB) has called for appointing professional people and making the process of accountability continuous in Karachi Water & Sewerage Board (KW&SB).
Pre-admission notices were issued to Pakistan Electronic Media Registration Authority (Pemra), a number of private news television channels and cable operators by the Supreme Court's Karachi registry in a constitution petition filed by Haji Gul Ahmed, Ami
Rice growers and traders staged protest demonstrations throughout the rice-growing belt of the province against the steep decline in price structure of coarse rice Irri-6.
Unilateral increase of 12 percent in the cargo fare by shipping lines will not only make the exports costlier but also render the same uncompetitive in western markets, apprehended Rana Arif Tauseef, Chairman Pakistan Textile Exporters Association (PTEA).
Engineering Development Board (EDD) has decided to organise Hannover Fair 2006 from April 24-28, 2006 in Hannover, Germany. The decision was taken by the Business Development Committee of the Engineering Development Board (EDB). It also decided to double
The member of the visiting delegation of the Birmingham Chamber of Commerce and Industry (BCCI) and its International Project Manager Rupinder Nandra termed the negative propaganda about the law and order situation in Karachi is unjustified and wrong.
The Higher Education Commission (HEC) has announced scholarships for meritorious needy students to study in public and private institutions in the country.
Former prime minister and chairperson of the PPP Benazir Bhutto has ruled out any compromise with the government on the issue of her return to the country and taking part in the next elections.
Dr Ishrat Hussain, Governor, State Bank of Pakistan called on the NWFP Governor Khalil-ur-Rehman at Governor's House here on Monday. Both discussed various matters of common interests with special reference to the working of the bank in the province.
The NWFP Senior Minister Siraj-ul-Haq has underlined the need for formulating and implementing the rules and regulations for audit of the resources received from local and international communities for the assistance of earthquake victims to ensure transp
Sindh Chief Minister Dr Arbab Ghulam Rahim here on Monday ordered pacing up work on Sindh coal projects and said that destiny of the province could be changed by utilising its vast natural resources.
Iftikharullah Babar, joint secretary, has assumed the charge as Additional Secretary (BS-21) in the Senate Secretariat, according to a press release issued here on Monday.
Minister of State for Petroleum and Natural Resources, Mir Muhammad Naseer Mengal has urged the geo-scientists and petroleum engineers to make dedicated efforts to help the government officials and people understanding the phenomenon of earthquake aimed a
No case of bird flu (AI H5NI) was detected in Pakistan as the ministry of food, agriculture & livestock (Minfal) in collaboration with provincial governments and private sector is constantly monitoring the situation on day to day basis, says a press relea
Pakistan Federal Union of Journalists (PFUJ) on Monday appealed to Pakistani journalists to hold protest demonstrations on December 1 against the alleged US plan to attack Al-Jazeera TV, and termed it as the worst attack on freedom of press Referring to t
The Karachi University Teachers' Society (KUTS) on Monday strongly criticised the decision of the Higher Education Commission (HEC) in which it had barred 10 universities from new admissions in PhD and termed it a conspiracy to usurp the independence of u
Pakistan Telecommunication Authority (PTA) is preparing a framework to allow all licensed operators including cellular phone operators to permanently initiate telecommunication services in the quake-stricken Azad Kashmir.
Pakistan Animal Husbandry Commissioner Dr Muhammad Afzal has said livestock and poultry development policy is being given final shape to place it before the cabinet for approval.
Director General Civil Aviation Authority (CAA) Air Marshal Pervez Akhtar Nawaz met Sui Northern Gas Pipelines Limited (SNGPL) Managing Director Rasheed Lone here on Monday and discussed with him matters relating to provision of gas supply to under constr
Pakistan Railways has added Rohri to the network of computerised ticketing and reservation system. According to an announcement here on Monday, utilising state-of-the-art fiber optics networking technology.
Punjab Information Technology Board (PITB) with the assistance of Punjab government is setting up a 'Software Technology Park' at an estimated cost of Rs 1.5 billion in the provincial metropolis which would create 5,000 jobs apart from generating economic
Small and Medium Enterprise Development Authority (Smeda) is going to initiate consultative process with the stakeholders from December 01, 2005 to formulate recommendations for 'Labour Inspection Policy 2006' through a series of workshops at all provinci
A three-member delegation of Industrial Information Network (IIN) of Smeda returned home after participating in World Summit on Information Systems and ICT4All exhibition held last week in Tunis capital of Tunisia.
President Supreme Court Bar Association (SCBA) Malik Muhammad Qayyum has said that people did not respect the decisions of the judiciary, as it has lost its image in the eyes of public.
North Arabian Sea will become a venue of joint Pak-Saudi naval exercise Naseem Al Bahr-VIII, for which task group of Royal Saudi Naval Forces (RSNF) ships arrived on Monday morning at the Karachi port.
The income tax department has started testing of computer program 'Nexus', for removing errors in the system, which would be used for searching the new taxpayers in current financial year.
Pakistan Railways is holding the pre-bid conference on track access in Lahore on 5th December offering private sector to operate its own trains on Pakistan Railway tracks, official sources told Business Recorder here on Monday.
The Muttahida Majlis-i-Amal on Monday filed afresh an adjournment motion with the National Assembly about the publication of 'sketches' of the Holy Prophet (Peace Be Upon Him) in a Danish newspaper.
Former ambassador Tariq Fatimi said on Monday that Prime Minister Shaukat Aziz's participation in the Commonwealth conference was very necessary in the given geo-political global conditions.
British Minister of State at the Foreign and Commonwealth Office Dr Kim Howells has estimated that trade between Pakistan and Britain would exceed 1.5 billion dollars this fiscal year.
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).
The Rawalpindi Chamber of Commerce and Industry (RCCI) and the Customs Department have formed joint advisory committees to help business community in matters related to taxation and other tax related issues.
The Rawalpindi Chamber of Commerce and Industry (RCCI) and the Customs Department have formed joint advisory committees to help business community in matters related to taxation and other tax related issues.
The Higher Education Commission (HEC) has approved a new criterion for the affiliation of public and private colleges with universities and degree awarding institutions.
The Lahore High Court (LHC) has reserved its verdict in a petition filed by a bar member praying to the court to restrain the respondent government from signing the Comprehensive Test Ban Treaty (CTBT).
Pakistan Workers Federation (PWF) will arrange a seminar on the topic of "Employment Opportunities, Workers Rights and Poverty Alleviation" here on Tuesday.
The French delegation, visiting Pakistan under the aegis of ADEPTA (French association for the development of international exchanges of food and agricultural products and technologies) will participate in a seminar jointly organised by the Small and Medi
The Export Promotion Bureau (EPB) has arranged a daylong seminar on anti-dumping issues regarding textile exports to the United States and European Union countries on Tuesday (November 29).
Due to lacking proper diet, and neat and clean environment, the disease of tuberculosis (TB) is on the rise among women, particularly, residing in congested and walled areas as more and more TB cases are being reported to different city hospitals.
NWFP Minister for Industries, Labour, Law and Parliamentary Affairs Malik Zafar Azam has said that labour community played a key role in the overall development of any country and MMA government was taking all out steps for its well-being and betterment.
Pakistan Flour Mills Association (PFMA), Punjab Branch, has asked the government to immediately release wheat from government godowns to flour mills so as to check the increasing prices of wheat flour.
More awareness programmes are being planned for special children in the provincial capital to provide grater opportunities to them to interact with each other and to demonstrate their artistic skills and talent.
National Highways and Motorway Police and South Yorkshire Police, UK are streamlining new parameters in mutual training. This was stated by Inspector General of Police (NH&MP) Ahmad Nasim in a meeting with South Yorkshire Police delegation, which visited
Federal Food Minister Sikandar Hayat Bosan has hailed the Prime Minister's call in the recently held Commonwealth Summit for meaningful market access and cutting down of agriculture subsidies for the promotion of free trade.
The Central Board of Revenue (CBR) has decided to set up 'Assessment Development Centers' for weighing the performance of tax officials to be posted at the specialised positions of newly reformed units.
Upcoming cold weather is feared to play havoc with the devastating earthquake survivors in Azad Jammu and Kashmir and Hazara Division of NWFP, if shelters were not provided to them in time.
Pakistan Council for Research in Water Resources (PCRWR) has launched 1.33 million euros European Union-funded project to determine and monitor water quality in small rivers.
Under a new agreement worth Rs 493 million, the United Nations International Children's Fund (Unicef) and the Government of Azad Jammu and Kashmir (AJK) have partnered to rehabilitate rural water supply system and improve sanitation in earthquake affected
A mild earthquake measuring 4.7 on the Richter scale jolted south-western Pakistan on Monday but there were no casualties, officials said. Tremors were felt at 10:36 am (0536 GMT) in Quetta, the capital of Balochistan province, which borders Iran, seismol
The Central Board of Revenue (CBR) is preparing the "Terms of Reference (ToR)" for the Pakistan Revenue Automation Limited (PRAL) to identify clear role of this organisation in computerisation and maintenance of tax records.
The Government has directed the Economic Affairs Division (EAD) to formally sign Memorandums of Understanding (MoUs) with the respective embassies which made pledges for reconstruction and rehabilitation in the earthquake affected areas in NWFP and Azad J