Cotton futures settled on positive ground Tuesday, for the third consecutive session, thanks to speculators buying back their short positions amid relatively thin trading volume, market sources said.
Base metals powered to fresh peaks by the close on the London Metal Exchange (LME) on Tuesday as buying by speculators washed through the market, dealers said.
Gold rallied to a new 25-year high near $700 an ounce on Tuesday on dollar weakness, while platinum set a new record on strong industrial demand and fund buying.
The US benchmark cocoa futures contract rallied 2.7 percent Tuesday to the loftiest price in three months, fuelled by a flagging dollar and limited producer selling from West Africa, traders and brokers said.
Arabica coffee futures edged up Tuesday, with speculative short covering amid a general rally in commodity markets helping arabica prices recover slightly from four straight sessions of declines, traders said.
Raw sugar futures ended higher Tuesday on buying by small speculators although most players were away from their desks due to the annual Sugar Club meetings being held here this week, brokers said.
Corn futures at the Chicago Board of Trade were higher early on Tuesday as US corn plantings lagged trade estimates and support from other surging markets, especially gold and crude oil, traders said.
Soft red winter wheat futures on the Chicago Board of Trade were higher early on Tuesday as a drop in weekly US wheat ratings and talk of frost in the US Plains spurred fund buying, traders said.
US copper futures climbed to new record levels in early business Tuesday, boosted by the broad-based rally in the precious metals market, but volume was light and will likely remain so ahead of Wednesday's Fed decision on US interest rates, traders said.
Soyabean futures at the Chicago Board of Trade rallied early on Tuesday, gapping higher on the open, supported by a slower-than-expected US planting pace and strength in other commodity markets, traders said.
Benchmark gold futures surged to a 25-year high just shy of $700 an ounce early on Tuesday, powered by relentless investor buying in the metal, due to geopolitical concerns and expectations of further price gains ahead.
Dispelling the news about imposition of ban on Dars-e-Quran by university administration, the University of Peshawar spokesperson Bakht Zaman on Tuesday said the present administration cannot prohibit teaching of the sacred book.
Minister for Information Technology Sardar Awais Ahmad Khan Leghari on Tuesday said that districts and civil courts of the country would be automated for the facility of common man.
The article 'Role of Chief Cost Accounts Officer (CCAO)' published in the daily 'Business Recorder' of 9.12.05 has come to my notice now. Therefore the response is late. But it is never too late to present the other side of the picture to clarify t
Cards, the playing type, of course, are used by man, since time immemorial, to play games of chance. A pack of cards consists of a deck of 'fifty-two' regular cards and an extra 'two', interestingly called, jokers.
When US soldiers raid a cave in Afghanistan, FBI agent William Kowalski knows to expect a call at his office in Detroit. "When a military raid goes on in Kabul, or in a cave, and they find a computer that contains an address book or names and phone number
Since January 1, 1995, international textiles and clothing trade has been going through fundamental changes under the 10-year transitional programme of WTO's Agreement on Textiles and Clothing (ATC). Before the agreement took effect, a large portion of te
At a largely attended press conference in Karachi on May 7, the Minister for Railways, Sheikh Rashid Ahmed, announced the launch of a train service from Khokhrapar to Mirpurkhas, on daily basis, as an additional travelling facility for the commuters in ea
The Director-General of the Meteorological Department, Dr Qamar-uz-Zaman, has issued a dire forecast about scanty rains and a possible drought in the country, especially in Sindh and Balochistan.
Doctors at the three teaching hospitals here in the provincial metropolis went on strike against the police and attack on one of their colleagues at the Khyber Teaching Hospital (KTH) on Sunday evening.
The Lahore High Court (LHC), while accepting the appeal of former federal minister Haji Muhammad Nawaz Khokhar set aside the conviction awarded to him by an accountability court. The court had convicted the accused for five years imprisonment and also dec
The Lahore High Court (LHC) has directed the investigating officer (IO) to appear before the court on May 16, in an appeal filed by the former Chief Minister Punjab Mian Manzoor Ahmed Wattoo.
The Supreme Court on Tuesday ordered confiscation of the property of a landlord, Abdul Rehman Mari, who was accused of abducting nine-member family of a peasant Munno Bheel.
City Nazim Karachi, Syed Mustafa Kamal said on Tuesday that Sohrab Goth-Tower Mono Train project work under mass transit programme would start within one month.
The National Accountability Bureau (NAB) has recovered Rs 2.66 million from the owners of the House of Maxim, Karachi, who deprived the general public of their hard earned money, said a NAB press release.
The government intends to allocate Rs 319 billion in the medium term development framework (MTDF) in the next fiscal year (2006-07), with major focus on social sector and infrastructure development.
The five years investments in Federally-Administered Tribal Area (Fata) has put tremendous impacts on the socio-economic development of these under developed areas.
NWFP Assembly on Tuesday called for the reconstruction and revival of the road network in the affected districts of the October 8, 2005, earthquake in Hazara Division and transparent distribution of the compensational amount against the affectees to reviv
Another caravan of Bugti tribesmen returned back to their native village area Pir Koh. Lakhani Bugti sub-tribe was expelled from their native village Pir Koh and they were compelled to seek refuge in Dera Murad Jamali Jaffarabad and other areas.
May and June are expected to be dry, occasionally there could be rain but it would not exceed 5-10 mm, Director Met Dr Ghulam Rasool said on Tuesday. Talking to PTV, he said it could give temporarily relief but would not increase water reservoirs.
Karachi Branch Council (KBC) of the Institute of Cost and Management Accountants of Pakistan (ICMAP) will organise a seminar on "Risk management" at its head office here on May 13. Securities and Exchange Commission of Pakistan (SECP) Chairman Razi-ur-Reh
A series of five two-day workshops for bankers, organised by he Business Solutions in association with PAF-KIET concluded at the Learning Resource Center, State Bank of Pakistan. Picic Executive Vice-President M. Farid Alam facilitated workshop on the mon
An attempt to smuggle hashish abroad was thwarted when the Drug Enforcement Cell of Customs Preventive Collectorate succeeded in detecting 278 kg charas concealed in fish export consignment being sent to Toronto, Canada by air.
The Housing and Construction Industry subcommittee of Karachi Chamber of Commerce and Industry (KCCI) will discuss the prices of building materials in general and cement and steel in particular to formulate its recommendations for consideration by the gov
The Cisco System has opened its office in Islamabad and appointed Dr Aamir Matin as the Cisco Systems Pakistan general manager. Dr Matin brings with him over 25 years of experience in ICT in a wide variety of Influential roles as CEO, entrepreneur, a poli
The Pakistan Credit Rating Agency (Pacra) has maintained the entity ratings of First Fidelity Leasing Modaraba at "A-" (Single A minus) for the long-term and "A2" (A two) for the short-term.
The Pakistan Credit Rating Agency (Pacra) has maintained the entity ratings of First Fidelity Leasing Modaraba at "A-" (Single A minus) for the long-term and "A2" (A two) for the short-term.
The West Asia-Indian Ocean region, which includes Pakistan among other countries, has contributed 8.1 percent of Emirates total revenue earnings for 2005-06, and 17 percent of the total passengers carried during this period.
Justice Munir Ahmed Sheikh, Federal Tax Ombudsman (FTO), informed the business community here on Tuesday that Tax Ombudsman organisation would soon send the 'taxpayers rights protection bill' for consideration of the Law Ministry.
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
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
Four-day training course for senior statistical officers on Stata (a latest software) began here on Tuesday at the training center of Federal Bureau of Statistics (FBS).
Ministry of Finance in a bid to do away with the remnants of British Raj, will delegate financial powers to the Principal Accounts Officers (PAOs) the Public Accounts Committee (PAC) was informed on Tuesday.
"Two rival political parties will sign a charter of democracy in London on May 14 which is in fact a charter of shelter to plundering and looting to national coffers and both had agreed to cover the sins of each other," said the Federal Minister for Relig
An earthquake of mild intensity measuring 4.0 on the International Richter scale was felt at Mansehra, Balakot and Batagram in Hazara Division on late Monday night.
The water inflows at the rim stations of river Indus and its four main tributaries have considerably improved and reached the level of 2,54,663 cusecs on Tuesday, which are sufficient to meet the indents of the provinces for timely sowing of Kharif crop,
Federal Secretary, Ministry of Water Resources, Ashfaque Mahmood has said that if water is used judiciously, there will be no affect of the water shortage on crops.
Four cotton testing laboratories would be set up shortly with a cost of about Rs 80 million, said Chairman, Pakistan Cotton Ginners Association (PCGA), Muhammad Azam Warraich.
Punjab Minister for Management & Professional Development Sardar Hassan Akhtar Moakal has said that training courses will be mandatory for the promotion of grade 17 officers. Similarly, the officers of grade 18 and above would have to attain at least six
Auction of confiscated items would be held at Faisalabad Dry Port (FDP) here on May 13. According to assistant collector auction of the Dry Port, the range of things to be auctioned include sewing machine, cars, shirts, vacuum tube, electronic kettle, hou
Earthquake Reconstruction and Rehabilitation Authority (Erra) will hold a national donors meeting to seek support for building schools and hospitals in the quake-hit regions.
A high velocity dust storm on Monday, Tuesday night provided some relief to people from the prevailing heat wave. The mercury level dropped in the city area and other parts of Southern Punjab where at least 33 people have so far died of heat.
Pakistan Sugar Mills Association (PSMA) Chairman Chaudhry Zaka Ashraf has welcomed Prime Minister's approval for dripping and sprinkling irrigation system and termed it a delayed, but good decision on the part of government.
Pakistan Peoples Party (Shaheed Bhutto Group) Chairperson Ghinwa Bhutto has said 'water issue' could only be resolved by the real public representatives, as military regimes in Pakistan had always raised doubts and conflicts between the provinces on this
The Lahore Chamber of Commerce and Industry (LCCI) and Mushhad Chamber of Commerce and Industry have formed Joint Arbitration Committee to resolve and settle dispute arising between the business firms, organisations and individuals.
Shaukat Khanum Memorial Cancer Hospital and Research Centre (SKMCH&RC) is going to start bone morrow transplantation very soon, and a few patients have already been registered for this purpose.
All the opposition parties and students groups, labourers and industrial workers should unite around the Charter of Democracy to bring back the country on the track of democracy. Mohammad Pervaiz Malik, PML-N Central Secretary Finance, made this appeal wh
Around 30,000-40,000 children are indulged in begging on the roads of the Lahore city, while a Mafia is actively involved in this act, which is also forcing the children for begging.
Pakistan Bar Council (PBC) will not attend the dinner to be hosted by the President of Pakistan on June 19, as the bar has never accepted General Musharraf as constitutionally elected head of the state.
The lawyers' community will observe strike in Punjab on Wednesday to protest and mourn the death of Amer Cheema who fell pray to an extra-judicial killing in Germany. The lawyers will not appear before the courts after 11.00am. to express sympathies with
A local city magistrate has issued notice to Chairman Evacuee Trust Property Board (ETPB) in a contempt suit filed against him by Chairman Communist Party Irfan Saeed.
With a view to attaining better water management, the local farmers' organisations have been empowered while the discretionary powers of the government officials with regard to recovery of water rate, had been done away with.
The Central Board of Revenue (CBR) Member Facilitation and Taxpayers Education Habib Fakhruddin has said the overall tax paying system had been simplified with the establishment of Medium Tax payer units (MTUs).
The All Pakistan Private Schools Management Association (APPSMA) has opposed amendments proposed by the Punjab government in the private schools registration ordinance 1984 and said otherwise they would launch a countrywide protest.
Pakistan's foreign policy has to be repositioned vis-à-vis African countries without disturbing the focus on the West to harness the available potential to promote Pak-African relations in different fields.
Governor Punjab, Khalid Maqbool has said that quality education and technological advancement is the only way leading the country towards progress and prosperity. He was addressing as Chancellor at the seventh convocation ceremony of University of Arid Ag
The government has agreed to grant several concessions, including the provision of up to Rs 10 million per head interest-free loan, to small poultry farmers to help revive the bird flu-stricken industry that contributes one percent to GDP annually.
Sindh Senior Minister for Excise and Taxation Syed Sardar Ahmed on Tuesday said that private sector is being involved in Motor Registration in persuasion to the policy of President Pervez Musharraf.
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 first in the series of Dawn Asia Finance Conferences titled Asian Banking - A paradigm shift will be held for two days starting May 13 at the Sheraton Hotel, while the concluding session will be held at the same venue on Sunday, May 14, 2006.
City Nazim Syed Mustafa Kamal has said that under the public private partnership policy around 3,317 schools would be equipped with modern education system.
The Opposition in Sindh Assembly on Tuesday requisitioned the Sindh Assembly session to discuss demolition of katchi abadies and ancient villages by City district government of Karachi (CDGK).
The city will be developed in an advanced commercial hub with enormous facilities for progress and prosperity. Syed Mustafa Kamal, City Nazim, City District Government Karachi (CDGK) said this while speaking at inaugural ceremony of third Plastic Printing
The Sindh Chief Minister, Dr Arbab Ghulam Rahim has ruled out the appointment of an interim government and said that the present government will complete its tenure. Talking to reporters at a reception given to him by Nuzhat Pathan MPA, who has recently j
Experts were unanimous on redesigning the higher education syllabus in accordance with the latest market demands to absorb the entire educated labour force.
The opposition on Tuesday filed two separate adjournment motions with the Senate Secretariat, seeking debate in on 'controversial sale' of Pakistan Steel Mills, and kitchen items uncontrolled price spiral.
The cement output fell by 18 percent to 1.5 million tonnes in April from the March level, but output for the 10 months through April was 11 percent higher than a year ago, spokesman of the All Pakistan Cement Manufacturers Association (APCMA) Shahzad Ahme
The Asian Development Bank (ADB) has promised assistance on development of National Trade Corridor (NTC) for improving logistic facilities to boost regional trade.