High water levels continue to block shipping between east and west Europe on the Danube and Elbe rivers in Germany, navigation authorities said on Wednesday.
A.P. Moeller-Maersk, a Danish conglomerate which runs the world's top container shipping line, will not raise its stake in its Malaysian port for now but is interested in ports in Vietnam and Indonesia, an executive said on Wednesday.
The Ministry of Water and Power has decided not to notify the 'revised tariff' of Karachi Electric Supply Corporation (KESC) unless approved by the Prime Minister.
Kenyan coffee attracted good prices at Tuesday's auction pushed by strong demand but traders expect the amount of top qualities to drop in coming sales.
The Ministry of Water and Power has decided not to notify the ''revised tariff'' of Karachi Electric Supply Corporation (KESC) unless approved by the Prime Minister.
The Karachi Port handled 51,602 tonnes of cargo including 41,521 tonnes import and 10,081 tonnes export cargo including 4,401 containers during last 24 hours ending at 0700 hours on Wednesday.
Terming the US-India nuclear deal a major cause of power imbalance in the region, President General Pervez Musharraf said on Wednesday that US-India relations needed a second look.
Singapore bunker prices fell on Wednesday, but bunker premiums remained stable at $3-$5 a tonne, indicating that demand-supply is balanced, traders said.
Terming the US-India nuclear deal a major cause of power imbalance in the region, President General Pervez Musharraf said on Wednesday that US-India relations needed a second look.
The Ministry of Water and Power has decided not to notify the 'revised tariff' of Karachi Electric Supply Corporation (KESC) unless approved by the Prime Minister.
Pakistan and India are considering a barter trade arrangement for various commodities, Indian Commerce & Industry Minister Kamal Nath said on Wednesday.
It is heartening to learn that WCO has planned a 2006 IT Conference and Exhibition in Bangalore India. Through your gigantic effort the delegates attending the conference would benefit and will be able to meet the increasing demand to secure the internati
Prime Minister Shaukat Aziz on Wednesday called for preparing a comprehensive reform package with a phased implementation plan. He was presiding over the opening meeting of a panel for strengthening United Nations operational activities.
Customs Administrative Reform (CARE) project was initiated by the central Board of Revenue in February 2002 with the fundamental objective to improve organisational efficiency of customs department, enhance controls, and to enable it to adapt to emerging
Prime Minister Shaukat Aziz on Wednesday called for preparing a comprehensive reform package with a phased implementation plan. He was presiding over the opening meeting of a panel for strengthening United Nations operational activities.
Galloping International Trade, in the recent times, has led to emergence of new concepts and standards for an effective supervision and regulation of the business processes involved in it. That is why we now hear of trade facilitation and trade supply cha
The counsel for 11 sugar mills submitted before MCA that the stocks of these sugar mills from Punjab were pledged with banks which did not allow their release. Moreover, he said, the fortnightly figures of PSMA stocks were "mere estimates".
Qasim International Container Terminal (QICT) was constituted on July 5, 1994 specifically to tender for the construction and operation of what would be Pakistan's first Dedicated International Container Terminal, to be built at Port Muhammad Bin Qasim on
South Korea managed to sell only 3 percent of the first batch of US rice for consumers on Wednesday due to buyers' fear of protests, putting into doubt whether the country will meet international trade obligations for the grain.
Benchmark coffee futures ended down 2.2 percent on Tuesday, pressured by weak technical signals after speculators failed to nudge the active contract above the previous session's peak trade, market sources said.
Secretary of State Condoleezza Rice said on Wednesday the United States would push for a South Asian moratorium on nuclear weapons production to ease tensions between India and Pakistan.
A few changes were seen on the grain market on Wednesday as leading buyers kept on the sidelines on expectations of falling trend in the prices, dealers said.
Secretary of State Condoleezza Rice said on Wednesday the United States would push for a South Asian moratorium on nuclear weapons production to ease tensions between India and Pakistan.
Improved business was seen on the cotton market on Wednesday as mills entered market to buy the fine quality lint, dealers said. The official spot rate was unchanged at Rs 2400, without upcountry expenses.
The Planning Commission has strongly opposed upward revision in Sui Northern Gas Pipelines Limited (SNGPL) gas prices and termed its demand as uncalled for and ill-timed.
Bullish sentiment persisted on the forward cottonseed oilcake market on Wednesday as buyers increased purchasing to cover the forward sales, dealers said.
The Planning Commission has strongly opposed upward revision in Sui Northern Gas Pipelines Limited (SNGPL) gas prices and termed its demand as uncalled for and ill-timed.
Cocoa futures sagged on Tuesday, depressed by speculative profit-taking and fund selling after the benchmark contract marked its highest trade in nearly three weeks, traders said.
The Planning Commission has strongly opposed upward revision in Sui Northern Gas Pipelines Limited (SNGPL) gas prices and termed its demand as uncalled for and ill-timed.
Wheat futures at the Chicago Board of Trade closed firm on Tuesday, ending a choppy session on ideas the market was oversold and due for a bounce, traders said.
Spot basis bids for corn were mostly unchanged around the interior US Midwest on Wednesday while soyabean bids rose at some locations in the western part of the region, grain dealers said.
Hard red winter wheat basis bids were unchanged across the US Plains on Wednesday, with grain dealers reporting a slow pace of country movement and lacklustre demand from end-users.
Sales of structured products helped to push European credit indexes tighter on Wednesday as dealers hedged purchases of portfolio default protection by selling index swaps.
Manila has asked Islamabad to release and immediately repatriate 22 Filipino fishermen whose vessel strayed into Pakistani waters last week, the Philippines Foreign Department said on Wednesday.
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).
Manila has asked Islamabad to release and immediately repatriate 22 Filipino fishermen whose vessel strayed into Pakistani waters last week, the Philippines Foreign Department said on Wednesday.
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
Export Promotion Bureau has received the following International Tenders from abroad. Interested Pakistani parties dealing in the under mentioned items can obtain further details of Tenders from the addresses given or from EPB Head Quarters and its Region
"The government is planning to introduce new overseas engineering manufacturers (OEMs) in the country with three years' exemption from deletion plan. This is a real concern for the local automobile industry." This was stated by Indus Motor Company chief e
The JCR-VIS Credit Rating Company Limited has re-affirmed the medium to long-term rating of First National Bank Modaraba at 'A -' (Single A Minus) with a 'Positive' outlook. The short-term rating has also been reaffirmed at 'A 2' (A Two).
The JCR-VIS Credit Rating Company Limited has re-affirmed the medium to long-term rating of First National Bank Modaraba at 'A -' (Single A Minus) with a 'Positive' outlook. The short-term rating has also been reaffirmed at 'A 2' (A Two).
The Pakistan Credit Rating Agency (Pacra) had placed the ratings of Dawood Bank Limited on 'RatingWatch' due to acquisition of majority shareholding by Atlas Group, and the Group plans to merge Dawood Bank Limited with Atlas Investment Bank Limited.
The Pakistan Credit Rating Agency (Pacra) had placed the ratings of Dawood Bank Limited on 'RatingWatch' due to acquisition of majority shareholding by Atlas Group, and the Group plans to merge Dawood Bank Limited with Atlas Investment Bank Limited.
The Pakistan Credit Rating Agency (Pacra) has assigned 5-Star fund rating (Category: Absolute Return Fund) to Pakistan Capital Market Fund (PCM), which reflects its superior performance.
The Pakistan Credit Rating Agency (Pacra) has assigned 5-Star fund rating (Category: Absolute Return Fund) to Pakistan Capital Market Fund (PCM), which reflects its superior performance.
To address the issues related to production and supply chain system of mango, Pakistan and Australia are working on a three years programme to utilise the maximum potential of mango crop in Pakistan.
The widening political differences between Chief Minister Dr Arbab Ghulam Rahim and his major coalition partners in the Sindh cabinet over a number of administrative matters are likely to end up as 'local' and 'non-local' issue, as more than 85 high ranki
Sindh Chief Minister Dr Arbab Ghulam Rahim has said Syed Yousaf Raza Gilani and Makhdoom Javed Hashmi were his personal friends and he was using his influence to provide them relief, however, he declined to go into the details.
Several prominent businessmen from private sector have been nominated as non-official members on the Advisory Council for the Ministry of Commerce on trade policy.
The Karachi Building Control Authority (KBCA) Chief Controller of Buildings has said the government was pursuing the policy for elimination of corruption at every level.
The Alliance for Restoration of Democracy (ARD) on Wednesday through a letter requested the National Assembly Speaker to issue production order of jailed lawmaker Makhdoom Javed Hashmi.
PML-N President Punjab, Sardar Zulfiqar Ali Khosa has said that PML-N enrolment campaign would start from D G Khan in a few days and end on May 10 at Sahiwal.
Complete normalcy has returned to the prisons of Lahore, Adiala and Faisalabad Central Jails after inmates were assured that their demand for including the period of under-trial confinement in their sentences will be considered.
All members of the World Trade Organisation (WTO) have to abolish export subsidies on agricultural products by 2013 for promotion of hurdle-free trade in the world.
Pakistan and China will hold a high-level forum in Islamabad this month to work out a comprehensive plan of co-operation in the energy sector. A proposal of preparing a joint action plan in the energy sector was agreed upon by President Pervez Musharraf a
The Lahore Chamber of Commerce and Industry (LCCI) on Wednesday joined hands with UK-Pak Chamber of Commerce and Industry for the promotion of business activities between Pakistan and United Kingdom.
Local manufacturers have opposed the Engineering Development Board (EDB) recommendations of duty reduction on the import of prime mover and rigid truck, Business Recorder learnt here on Wednesday.
The United Nations High Commission for Refugees (UNHCR) will launch an investment scheme in collaboration with a Swiss derivatives company to help fund raising for the ongoing earthquake relief operation.
Anwar Ali took over as Chairman of the Pakistan Atomic Energy Commission (PAEC) in a simple ceremony held at the PAEC headquarters. The outgoing Chairman Parvez Butt has been elevated as Federal Secretary Ministry of Science & Technology.
Capital Development Authority (CDA) will spend Rs 10 billion on the construction of 8,000 flats in Sector I-15 during the next two years. Sources told Business Recorder on Tuesday that the PC-I of the mega project is in its final stage and would pr
Punjab Chief Minister Chaudhry Pervaiz Elahi has said there would be no change in the organisational structure of Punjab police; however, the government would be bringing about revolutionary changes in the department without disturbing its chain of comman
Educational institutions run by the private sector should provide quality education to a wider cross section of society at affordable fee, said chairman Pak-US Business Council and former president FPCCI, Iftikhar Ali Malik.
An F-7 fighter aircraft of the Pakistan Air Force (PAF) crashed on Wednesday while on a routine operational training mission, near Pindigheb in Attock district. The pilot, Flight Lieutenant Umer Bashir Dogar, sustained fatal injuries, says a PAF press rel
An F-7 fighter aircraft of the Pakistan Air Force (PAF) crashed on Wednesday while on a routine operational training mission, near Pindigheb in Attock district. The pilot, Flight Lieutenant Umer Bashir Dogar, sustained fatal injuries, says a PAF press rel
Hamdard Assembly has expressed its resentment over US-Indian civil nuclear deal saying that the agreement would cause power imbalance in the region besides, enhancing arms race and endangering peace and security of the South Asian region.
Minister of State for Information and Broadcasting Anisa Zaib Tahirkhaili has said that by emulating the principles and ideals set by Zulfiqar Ali Bhutto, the very foundations of Pakistan Peoples Party can be further consolidated.
Adviser to Prime Minister for Women Development, Nilofer Bakhtiar said on Wednesday that several women entrepreneurs from China, Turkey and other countries were showing great interest in the Women Expo-2006, "but we are not able to arrange more this time
Women entrepreneurs from UAE will take part in Women Expo to be held in Karachi next week on the invitation of women ministry and will set up a number of stalls in the exhibition.
The first mega-event for juniors - "Expo Juniors 2006" has now entered into a final stage of preparation and will be starting from Saturday at the Karachi Expo Centre expecting over 250,000 visitors from all walks of life including 100,000 school children
The products, manufactured in the earth quake-hit areas will be given duty free access to the US markets, said US ambassador to Pakistan Ryan C Crocker here.
The elections of All Pakistan Paramedical Staff Federation (APPSF) would be held here on May 6. This was announced in the general council meeting of APPSF.
President Musharraf's declaration at the inauguration of Gwadar gas supply pilot project that he wants to see Balochistan developed at par with other provinces, shows that the government is committed to the uplift of the country's largest, but least devel
It is a matter of satisfaction that the government is actively working towards acquiring energy from alternative sources. According to a report appearing in this paper the other day, the government has been aggressively pursuing an alternative energy prog
Prime Minister Shaukat Aziz repeatedly and particularly, on the floor of the National Assembly, categorically stated that the World Bank and the International Monetary Fund have been bid goodbye with a one-way air ticket.
PIA is a service oriented industry, which requires a workforce of competent, honest and dedicated professionals to deliver their best to the satisfaction of its valued customers, the revenue paying passengers or cargo shippers.
University of Karachi is an educational center, where students from all over Pakistan, but especially from abroad, come to take higher studies. There is no doubt that the degree of the University is recognised all over the world.
Ahmed Abdoulaye's two brothers were killed in an argument over water at a well a few months ago and the 15-year-old Somali was terrified the same fate would befall him.
Justice Mian Muhammad Najam-uz-Zaman of the Lahore High Court on Wednesday was informed by the DIG Operations Lahore that 2,620 violators of kite flying ordinance were arrested during the period from 25th October 2005 to 7th April 2006 and challans of 2,0
Punjab Education Minister Mian Imran Masood said that a Rs 21 billion school reforms programme would be launched soon for a knowledge-based, progressive and enlightened society in the province, while in the next fiscal year, the government would further i
Trading Corporation of Pakistan (TCP) and the bureaucracy in the Ministry of Commerce were employing delaying tactics in importing the white sugar for the benefit of local hoarders, profiteers and black marketers.
Pakistan Bar Council former Vice Chairman Mian Abbas Ahmed on Wednesday has alleged the present Government headed by General Pervez Musharraf was engaged in victimising the PPP and its leadership by launching media campaign against them besides abusing th
The Higher Education Commission on Wednesday announced that the public sector universities, which failed to follow the HEC quality criteria in appointments and promotions of faculty members would face suspension of their development grants and reduction i
All Parties Hurriyat Conference (APHC) Chairman Mirwaiz Umer Farooq has said that for the first time in history, there is a realisation that Kashmiris need to be involved in the process of Kashmir solution.
Severe tension prevailed in the villages of Mian Chunnu (Khanewal district) where Christians live after the incident of burning the Bible and other religious leaflets and booklets in village No 134/16-L on Tuesday evening.
Prisoners of Central Jail, Faisalabad have called off their hunger strike following the intervention of Punjab inspector general prisons. Punjab IG Jails Safraz Mufti held a meeting with the jail inmates protesting against the change in remission pattern.
An Australian court increased two Pakistani immigrant brothers' jail terms for gang rape on Wednesday after hearing fresh evidence of sexual assaults by the pair.
The workers of Wapda /Mepco on Wednesday staged a demonstration at Chowk Kutchery as a protest against the privatisation of institution which was serving more than 130 million people in the country and now earning profit.
Judge of Anti Terrorism Court Faisalabad Chaudhary Muhammad Yousaf Ojla has awarded life-term to five accused involved in abduction for ransom case. Muhammad Akram, Rafaqat, Aslam, Shahbaz and Abdul Qayyum abducted Abdur Rauf, an industrialist from Novelt
US gold futures ended a shade higher on Wednesday as a softer dollar and higher oil fuelled speculative short covering, although the buying lacked enough force to lift prices above $600-an-ounce resistance.
Soybean futures at the Chicago Board of Trade were firm on Wednesday on a technical bounce as soy has fallen about 30 cents in the past two sessions after USDA's record large US soy acre estimate, traders said.
US copper futures vaulted to all-time highs at the close Wednesday as worries over global supply disruptions and declining warehouse inventory levels continued to fuel the funds' appetite for the red metal, sources said.
Corn futures on the Chicago Board of Trade higher on Wednesday amid spill-over support from gains in wheat, traders said. "There was small fund buying and it's just following wheat," a trader said. The fund buying in corn on Wednesday was estimated at 5,0