Raw sugar futures ended higher Friday on speculative and trade buying as the market bounced from a fall to a week low, but dealings next week may be subdued next week because of an industry dinner, brokers said.
Chicago Board of Trade corn futures were firm early Friday on a technical bounce, supported by the rally in the wheat market and the strength in gold, traders said.
Soft red winter wheat futures on the Chicago Board of Trade were up sharply at midsession on Friday after a bullish private crop estimate triggered fund buying and pushed the market into buy-stops, traders said.
Soyabean futures at the Chicago Board of Trade were called to open 3 to 5 cents per bushel higher on Friday on a technical bounce, following soyaoil and the energy markets higher, traders said.
US copper futures touched highs set overnight early on Friday, when US payrolls came in well below forecasts, suggesting the Federal Reserve could take a break from raising interest rates, but sellers came in soon to take profits before the weekend, broke
US benchmark gold futures rose early on Friday after the dollar fell on a weaker-than-expected US jobs report for April, though the metal held below an overnight 25-year high on profit-taking.
City District Government Chamber Liaison Committee (CDGCLC) will appoint 36 members of business community or two member each in 18 towns of the city to help business community to resolve their issues.
DuPont Pakistan on Friday announced the appointment of Arshad Shafiq as General Manager, DuPont Pakistan and Business Manager, DuPont Crop Protection. He takes over from Asif Ikram who is retiring on June 30, 2006 after 26 years of distinguished service w
A meeting of Karachi City District Council will be held on Saturday at City Council Hall to discuss the 2006-07 budget draft. The Finance and Planning Committee of the City government, headed by Itrat Akhtar, will submit its report based on recommendation
The Faisalabad Chamber of Commerce and Industry (FCCI) has demanded that direct Haj flights should be started from Faisalabad and Faisalabad Haj Complex should be established on priority basis.
The business community should come forward to provide building material for construction of houses for the survivors of October 8 earthquake. But the supply should be profitless. Earthquake Rehabilitation and Reconstruction Authority (Erra) Director Gener
The government is implementing a project for strengthening of Pakistan Council of Research in Water Resources (PCRWR) by establishing geographical information system (GIS), hydrologic modelling center and water resources data bank with the total cost of R
The country has produced 12.394 million cotton bales during the 2005-06 season against an official target of 13 million bales, said the final report issued by the Pakistan Cotton Ginners Association (PCGA) head office here on Friday.
The media of any country hold the responsibility of creating awareness amongst the masses and, more importantly, of discerning the facts from exaggeration. Since the birth of our nation, we have been pelted with media protests about the lack of freedom of
It is a fact that the Iranian leadership consolidated its firm objectives towards its nuclear programme and decided to face any aggression from the West with determination. It is not fair to keep Iran under threat and under constant stress.
The Landhi Association has expressed shock and grief over the recent proceedings of the OGRA public hearing regarding the increase in gas prices from Rs 29.36 per MMBTU for the commercial and industrial consumers with effect from July 1, 2006.
Small Caribbean and Central American countries have suffered devastation and thousands of deaths from increasingly frequent hurricanes, and forecasters predict another rough season this year for the region and its tourist resorts.
The divestment of Pakistan Steel Mills Corporation, commonly known as Pakistan Steel Karachi, has exposed the government to sharp criticism. The giant integrated steel-making complex - a profit making state enterprise - has been sold at a throwaway price
Speakers at a seminar in Karachi, organised by the Aga Khan Education Service, called for bringing about a holistic change in the country's education system so that the current outdated set-up could be replaced with new advanced methodologies of teaching.
Hidden though it may be, there has always been a rivalry in our country between the Planning Commission and the economic ministries, particularly the Finance, to attract the attention of the powers that be.
The Department of Electronics, Telecommunication Engineering of Mehran University of Engineering & Technology facilitated Suparco, who conducted recruitment test for fresh graduates held on May 4, 2006 at Jamshoro on Wednesday.
A project submitted by Higher Education Commission (HEC) to strengthen and develop Mehran University of Engineering and Technology, Jamshoro has been approved by the Central Developmental Working Party (CDWP) in its recent meeting.
The clothing trade is growing at a faster rate, stated by Textile Commissioner, Muhammad Idrees Ahmed, here. He pointed out that Pakistan exported textiles worth dollars 6.12 billion and clothing worth dollars 3.03 billion in the year 2004. Idrees was of
The NWFP Assembly on Friday passed amendment in North-West Frontier Province Prohibition of Kite Flying Activities Bill, 2006 amid hue and cry of the members of PPP-Parliamentarian and ANP over the inclusion of six kilometre radius surrounding the airport
Local exporter community has appealed to the Punjab government to set up 'expo center' in this export-oriented city and hub of cottage industry of the country. The establishment of expo center in this export hub has become more imperative at this juncture
An 11-member delegation comprising government officials, citrus growers, processors and horticulture experts are leaving for Australia on May 9, on a two-week industry familiarisation visit under the citrus section of the Agriculture Sector Linkages Progr
Sialkot Chamber of Commerce and Industry (SCCI) President Dr Nouman Idris Butt has said that stone laying ceremony of Sialkot Expo Centre will be held on Monday.
The Punjab Food Department since April 20 last has purchased over 810,000 tonnes of wheat from farmers on cash payment at the support price of Rs 413 per 40 kg across the province.
Pakistan's first fashion designers' directory was launched at a local hotel on Thursday evening. The directory, compiled by the Almurtaza Machinery Company carried 1,000 entries.
The Chinese government has declared mandatory from July 1 for all organ transplant operations in China to be discussed with and approved by a local medical science and ethics committee.
As many as 24 winners of 22nd National Hifz-o-Qirat competition, organised by Ministry of Religious Affairs, were awarded cash prizes and certificates at Madina-tul-Hujjaj (Haji Camp) here.
All Parties Hurriyat Conference (APHC) Chairman Mirwaiz Omar Farooq has said that Indian attitude is main hurdle in solution of Kashmir problem. Talking to BBC after his meeting with Indian Prime Minister Manmohan Singh in New Delhi, he said that they dis
The Faisalabad Chamber of Commerce and Industry (FCCI) has emphasised the need for further broadening tax base in the best interest of the country and urged the government to reduce rate & number of taxes with simplification of procedures.
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 State Bank of Pakistan (SBP) said on Thursday the pace of broad money (M2) growth during the first nine-and-a-half months of 2005-06 registered a decline, touching 10.14 percent (Rs 300.84 billion) from 12.91 percent (Rs 320.99 billion) in the corresp
Commander 5-Corps Lieutenant General Ahsan Azhar Hayat called on Sindh Governor Dr Ishrat-ul-Ibad Khan at Governor House on Friday. He remained with the governor for some time and discussed matters of common interest.
The government of Pakistan has announced the promotion of Rear Admiral Iftikhar Ahmed Rao, HI (M) to the rank of Vice Admiral, notified by ministry of defence on Friday.
Federal Minister for Railways Sheikh Rashid Ahmed said on Friday that after developing Pakistan Railways on modern lines, it would become most effective mode of communication.
The water inflows in River Indus and its tributaries are 30 percent less than the inflows of last year in the first week of May, which is the peak time for sowing of cotton in Punjab and Sindh, official sources told Business Recorder here on Thursd
Chairman Election Co-ordination Committee of Pakistan Muslim League, Kamal Ali Agha on Friday announced the schedule for party elections which would be completed by August 12 with the election of the party president.
The National Assembly Standing Committee for Interior under the Chairmanship of Sardar Talib Hassan Nakai will meet on May 15 to discuss law and order situation in Balochistan.
The Karachi Chamber of Commerce and Industry (KCCI) has recommended to the federal government that the use of dry ports be restricted for exports only. In a communication to the government, the KCCI further suggested all imports consignment should be clea
City Nazim Syed Mustafa Kamal has said that seven multi-storey car-parking plazas would be constructed at various spots in the metropolis to meet the growing number of vehicles coming out on city's roads everyday.
The Pakistan Credit Rating Agency (Pacra) has assigned the asset manager rating of 'AM3' to Dawood Capital Management Limited (DCM). The rating reflects the company's strong capacity to manage the risks inherent in asset management and the asset manager m
The Pakistan Credit Rating Agency (Pacra) has assigned the asset manager rating of 'AM3' to Dawood Capital Management Limited (DCM). The rating reflects the company's strong capacity to manage the risks inherent in asset management and the asset manager m
Senate Committee on Petroleum and Natural Resources has asked Sui Southern Gas Company (SSGC) to set up more customer facilitation centres and provide gas to Badin, Chaman and Pishin areas.
The Federation of Pakistan Chambers of Commerce and Industry (FPCC) has conferred special gold medal on Tariq Sayeed for "his splendid efforts and matchless services to international and regional economic organisations", on behalf of FPCCI, and for projec
The private sector carrier, Airblue would soon add socio-economic routes to its system to be able to stand alongside national carrier, Pakistan International Airlines (PIA), on domestic operations.
The Deputy Governor, State Bank of Pakistan (SBP), Mansoor-ur-Rehman has said that the combined outreach of all micro-finance institutions (MFIs), totalling around half a million clients, is less than 10 percent of the potential clientele base of more tha
An accountability court on Friday adjourned till May 12, the proceedings in a reference against acting president PML-N Javed Hashmi MNA after recording the statement of two defence witnesses.
During the year under review this Pakistani subsidiary of Japanese multinational has been able to achieve the highest sales revenue in its career. Since the last four years the company has maintained attractive profit distribution profile whose beneficiar
An anti-terrorism court on Friday allowed bail to Khawaja Saad Rafiq MNA, PML-N Punjab secretary Zaeem Qadri and 11 other party workers. The court also directed the applicants to submit surety bond of Rs 50,000 each for the satisfaction of registrar of th
During the year under review this Pakistani subsidiary of Japanese multinational has been able to achieve the highest sales revenue in its career. Since the last four years the company has maintained attractive profit distribution profile whose beneficiar
With advancement in technology and new medicines, cancer treatment was becoming ever more expensive; and Shaukat Khanum Memorial Cancer Hospital's budget had reached to Rs 1.4 billion.
A delegation of Pakistan Kissan Movement (PKM) called on central chairman of Pakistan Sugar Mills Association (PSMA) Chaudhry Zaka Ashraf here on Friday.
Labour laws in Pakistan are not in conformity to the international labour standards, said ILO Geneva Policy Planning Director Dr Rashid Amjad here on Friday.
Sindh Ombudsman Yousuf Jamal on Friday presented the Annual Report-2005 to Sindh Governor Dr Ishratul Ibad Khan at Governor House. According to the report the number of individual complaints received during the year stood at 8,846 as compared to 7,813 in
Habib Bank Limited (HBL) announced the appointment of Abid Sattar as Senior Executive Vice President (SEVP) and Group Executive (GE) Retail banking effective from April 24, 2006, said a press release.
Under Secretary for International Trade, the US Department of Commerce, Frank Lavin called on Minister for Health, Muhammad Nasir Khan, here on Friday.
As many as 2,500 villages of Balochistan province will be electrified on priority basis during the next two years. Wapda sources told APP here on Friday that the existing two-year target of providing electricity to 1600 villages would be achieved before t
An earthquake of mild intensity measuring 4.0 on the international Richter scale on Friday jolted Mansehra and Battagram districts. According to the preliminary analysis of Met office Peshawar, the earthquake originated at 1314 hours (PST) and its epicent
The Foreign Minister of Switzerland Mrs Michelin Calmy-Rey along with a delegation met the NWFP Chief Secretary Ejaz Ahmad Qureshi here on Friday. Additional Chief Secretary and secretaries of Local Government, Labour and Environment Departments were also
The Human Rights Watch on Wednesday urged the United Nation members to reject seven of the 65 nations seeking seats on the world body's new Human Rights Council in elections scheduled for Tuesday.
The 17th meeting of Islamabad Capital Territory (ICT) Quality Control Board presided by the Chief Commissioner Khalid Pervez held here on Friday. The Quality Control Board discussed 10 violation cases of Drug Act 1976 and directed the Drug Inspector to su
It is expected that Economic Co-operation Organisation Trade Agreement (Ecota) would be soon implemented which will allow free trade between ECO countries, former envoy Javed Hussain said on Friday. Talking to PTV, he said that basic purpose of ECO is to