Waseem Haqqie, Chairman, Engineering Development Board, Industries, Production and Special Initiatives Ministry, has been appointed as Intellectual Property Organisation of Pakistan (IPO) Chairman, in addition to his own duties with immediate effect and u
Cocoa bean prices in Indonesia's cocoa-growing belt of Sulawesi island rose from last week supported by rising international prices despite the rupiah's extended gains against the US dollar, traders said on Thursday.
Describing the law and order situation by and large satisfactory in Karachi, Muttahida Qaumi Movement on Thursday called for banning Jamaat-i-Islami's off-shoot Islami Jamiat Talaba to pre-empt its ploy to trigger unrest in the mega city.
Cash basis bids for corn were steady to firmer around the US Midwest Thursday due to the slow pace of farmer selling in recent weeks, while soyabean and wheat bids held mostly unchanged, grain dealers said.
The World Bank (WB) feared that Pakistan might fail to sustain 6-8 percent growth due to inadequate infrastructure services and power generation along with a wide gap between public and private sectors share in infrastructure investment.
Spot basis bids for hard red winter wheat in the US Plains were unchanged on Thursday with crop concerns persisting and movement mostly lacklustre, merchants said.
The World Bank (WB) feared that Pakistan might fail to sustain 6-8 percent growth due to inadequate infrastructure services and power generation along with a wide gap between public and private sectors share in infrastructure investment.
Grams prices were sharply higher on the local commodity market on Thursday amid tight supply position, dealers said. On the grams side, gram garda gained Rs 50-100 to Rs 3000-3100, gram dal garda followed suit and picked up Rs 100-150 to Rs 3700-3800 in p
The World Bank (WB) feared that Pakistan might fail to sustain 6-8 percent growth due to inadequate infrastructure services and power generation along with a wide gap between public and private sectors share in infrastructure investment.
Wheat futures on the Chicago Board of Trade closed mostly lower on Wednesday, retreating from early advances as investors took profits toward the close, traders said.
Donors called for greater role of the private sector in economic development, in general, and infrastructure, in particular, through public-private partnership.
Donors called for greater role of the private sector in economic development, in general, and infrastructure, in particular, through public-private partnership.
Modest business was seen in the cotton market on Thursday as prices maintained a firm trend due to tight supply position, dealers said. The official spot rate was unchanged at Rs 2425, without upcountry expenses.
Donors called for greater role of the private sector in economic development, in general, and infrastructure, in particular, through public-private partnership.
The trading on plastic mouldings closed up on Jodia Bazar on Thursday. The following variations were seen in the HDPE film Saudia 952 up 50 paisa to Rs 40.25, Mobil up Re 1 to Rs 40.25.
Pakistan''s liquid foreign exchange reserves registered an increase of $38.3 million at $13,054.3 million on May 6, State Bank of Pakistan announced here on Thursday. Of $13,054.3 million liquid foreign reserves, the central bank held $10,655 million wher
After a transitory dip of about Rs 25 per maund (37.32 kgs) on last Monday, lint prices have rebounded and gained by Rs 25 to Rs 50 per maund. Fears of draught in Pakistan this summer and depleting ready stocks in the market have hardened cotton prices, p
Pakistan's liquid foreign exchange reserves registered an increase of $38.3 million at $13,054.3 million on May 6, State Bank of Pakistan announced here on Thursday. Of $13,054.3 million liquid foreign reserves, the central bank held $10,655 million where
After a transitory dip of about Rs 25 per maund (37.32 kgs) on last Monday, lint prices have rebounded and gained by Rs 25 to Rs 50 per maund. Fears of draught in Pakistan this summer and depleting ready stocks in the market have hardened cotton prices, p
Pakistan's liquid foreign exchange reserves registered an increase of $38.3 million at $13,054.3 million on May 6, State Bank of Pakistan announced here on Thursday. Of $13,054.3 million liquid foreign reserves, the central bank held $10,655 million where
The US sugar import quota should be raised by an additional 200,000 short tons for this marketing year, a food industry trade group said on Tuesday, foreseeing tight supplies in the new marketing year as well.
President General Pervez Musharraf taking strong exception of illegal higher education institution operating in the country has directed the provinces to shut down fake universities in three months time.
US cocoa futures ended in negative territory on Wednesday, with producer selling and speculative profit-taking knocking the benchmark contract down from a 3-month peak, traders said.
President General Pervez Musharraf taking strong exception of illegal higher education institution operating in the country has directed the provinces to shut down fake universities in three months time.
Arabica coffee futures finished mixed on Wednesday, though the benchmark contract moved inside the previous day's trading range amid a dearth of directional signals, traders and brokers said.
Spring wheat futures at the Minneapolis Grain Exchange closed mostly unchanged on Wednesday as the market awaited key production estimates from the US Department of Agriculture on Friday, traders said.
US copper futures charged to record levels on Wednesday as speculative money continued to flow into the market amid a bullish backdrop of supply constraints and robust global demand that showed no signs of easing, sources said.
US gold futures settled at a fresh 25-year high on Wednesday as investors who are bullish on the metal's prospects added positions due to dollar weakness before the US Federal Reserve raised rates, analysts said.
Tokyo gold futures rallied more than 1 percent to a fresh 20-year high on Thursday, buoyed by the yen's falls on the dollar and jitters over Iran's nuclear programme following comments by the Iranian president.
Gold rose around 1.6 percent to hit a quarter-century peak on Thursday before retreating, and platinum reached an all-time high of $1,275 on persistent speculative buying.
Malaysian tin ended on Thursday unchanged despite a rise in the London price of the metal as traders offered more lots for sale ahead of a holiday-lengthened weekend, dealers said.
Oil climbed further above $72 on Thursday as worries over gasoline supply due to outages at two US refineries as the summer driving season looms, outweighed swelling inventories that rose above expectations.
Copper raced to a new high above $8,200 a tonne on Thursday as speculative money kept piling into the metals complex on supply constraints and robust global demand, pushing prices in Shanghai and New York higher.
Australia's wheat crop for the 2006/07 year would amount to 24.4 million tonnes, roughly the same as last year, private group Australian Crop Forecasters said on Thursday, in its first full forecast for the season.
Raw sugar futures ended easier on modest speculative sales with many players out ahead of the Sugar Club industry dinner later on Wednesday, brokers said.
The Chicago Board of Trade soyabean market ended firm on Wednesday on follow-through technical buying from Tuesday, but slipped near the close as soyameal dipped, traders said.
Chicago Board of Trade rough rice futures closed firm on Wednesday after a series of technical moves that pushed the market into buy stops and the day's highs, traders said.
Tokyo rubber futures rallied on Thursday, with the most active contract surging to a 22-year high as gains in other commodities, tight supplies in major producing countries and a weaker yen triggered heavy fund buying.
French carmaker PSA Peugeot Citroen and Italy's Fiat Spa deepened their industrial co-operation on Thursday and signed an agreement to produce gearboxes in Argentina.
Italy's economy grew solidly by 0.6 percent in the first quarter, preliminary data showed on Thursday, offering good news for incoming prime minister Romano Prodi who is due to take office next week.
Workers at General Motors Europe's Ellesmere Port plant in Britain walked off the job on Thursday after the company proposed cutting nearly 1,000 jobs at the factory, unions said.
German conglomerate Siemens has won a deal worth more than 300 million pounds over 35 years ($560 million) to supply medical equipment to two London hospitals as part of a billion-pound redevelopment plan.
The Organisation of the Petroleum Exporting Countries, due to meet on June 1, will stick to its existing output ceiling, Iranian Oil Minister Kazem Vaziri-Hamaneh said on state television on Thursday.
Kuwait revalued the dinar for the first time in 17 months on Thursday, sparking a rally in regional currencies and intense market speculation that Saudi Arabia, the world's top oil exporter, would follow.
Economic growth accelerated in the eurozone in the first three months of this year but icy weather limited the rebound in Germany, and questions remained about the pace of recovery and the case for interest rate increases.
The German economy grew by a slower-than-expected 0.4 percent in the first three months of 2006, puncturing hopes for a strong rebound in Europe's largest economy.
Top trade powers are still fighting hard for a global free trade deal this year, with the latest missed deadline seen as a major blow but not a disaster, a senior World Trade Organisation official said on Thursday.
Ukraine's government on Thursday dismissed Oleksiy Ivchenko, who negotiated an unpopular gas price increase with Russia, from his post as head of the state oil and gas company Naftogaz Ukrainy, a spokesman said.
The United States sees no practical reason why China should delay adopting a more flexible exchange rate, a senior US Treasury official said on Thursday.
China should set an explicit goal of low inflation to provide an anchor for monetary policy as it gradually adopts a more flexible exchange rate, according to a new International Monetary Fund Working Paper.
The US Food and Drug Administration said on Thursday it approved Pfizer's Chantix tablet to help cigarette smokers stop smoking. The active ingredient in Chantix, varenicline tartrate, acts at sites in the brain affected by nicotine, the FDA said.
British manufacturing output rose by its biggest amount in nearly a year in March, official data showed on Thursday, supporting the growing market view that the next move in UK interest rates will be up.
April retail sales were weaker than expected as high gasoline prices discouraged shoppers, government data showed on Thursday, supporting views the Federal Reserve may pause its campaign to raise interest rates in June.
The Saudi stock market, the largest in the Arab world, dived sharply to a 14-month low in the week ending on Thursday, pulling along other Gulf stocks as investor confidence hit rock bottom.
Indian share prices fell 1.4 percent, snapping an eight-day run of record highs on Thursday as markets tumbled on weak overseas trends and mutual fund redemptions, dealers said.
Hong Kong stocks ended up 0.35 percent on Thursday, defying analysts' expectations of a continued retracement, as investors scooped up recent decliners such as New World Development Co Ltd.
US technology stocks fell on Wednesday after a disappointing forecast from Cisco Systems Inc, but blue chips hit a six-year high despite the Federal Reserve leaving the door open to further interest-rate hikes and an unexpected jump in crude oil prices.
US Treasuries were little changed late on Wednesday after the Federal Reserve raised interest rates, as expected, but did not rule out further monetary tightening.
US Treasuries were little changed late on Wednesday after the Federal Reserve raised interest rates, as expected, but did not rule out further monetary tightening.
Philippines share prices closed 0.84 percent higher on Thursday on strong interest in mining stocks after metals rose to fresh records in US trade overnight, dealers said. A fresh wave of buying in blue chips also lifted the market as foreign funds contin
Singapore share prices closed 0.84 percent lower on Thursday as investors took profits ahead of the long weekend, dealers said. The Straits Times Index fell 22.31 points to 2,620.58.
Thai share prices closed 0.23 percent lower on Thursday, pressured by political uncertainty after a Thai court declared last month's snap polls invalid and ordered a new election, dealers said.
The Nikkei average booked its lowest close in six weeks on Thursday, declining 0.53 percent as concerns about the impact of a stronger yen continued to weigh on shares of exporters such as Toyota Motor Corp Shares of Alps Electric Co Ltd tumbled more than
Jakarta share prices closed 0.89 percent higher on Thursday, hitting a fresh record on hopes that the economy will get a boost following an interest rate cut by Bank Indonesia this week, dealers said.
Chinese stocks erased earlier gains to close slightly lower on Thursday as investors cashed out of banking stocks, whose strong gains had helped the key index to hit its highest level in nearly two years repeatedly this week.
The Swiss franc was little changed against the euro but fell from recent highs against the dollar on Thursday ahead of Swiss consumer sentiment data later in the session. A median of economists in a Reuters poll sees the index rising to +9 points in April
China's yuan eased against the US dollar on Thursday, although dealers believed the yuan was set to breach the key 8.0000 level in coming weeks after the United States fell short of naming China as a currency manipulator.
The dollar jumped on Thursday, recovering further from a one-year low against the euro and an eight-month trough versus the yen, after the US Treasury stopped short of calling China a currency manipulator in a much-anticipated report.
The dollar trimmed losses on Wednesday in choppy trading, after a much anticipated US Treasury report on currency practices said China was not a currency manipulator.
Asian currencies fell on Thursday, retreating from multi-year highs struck this week after a closely watched US Treasury report stopped short of naming China as a currency manipulator.
The Hong Kong dollar fell to a one-week low on Thursday afternoon on import-related demand for US dollars, tracking losses in other regional currencies.
There was no storybook ending to Steve McClaren's reign as Middlesbrough coach as his side were thrashed 4-0 by Sevilla in the UEFA Cup final here on Wednesday.
Undefeated half-centuries from opening batsmen Chris Gayle and Sewnarine Chattergoon propelled West Indies to an overwhelming 10-wicket triumph in the fifth one-day International against Zimbabwe on Wednesday under lights at the Beausejour Stadium.
Marcus Trescothick eased himself back into international cricket with an unbeaten 95 as England coasted through the second session of the first day of the first Test against Sri Lanka at Lord's here on Thursday without losing a wicket.
Top seed Roger Federer failed to find his true rhythm in his sluggish second round victory over wildcard Potito Starace at the Rome Masters on Wednesday.
Martina Hingis announced herself as a contender for the only Grand Slam title she has never won with an impressive revenge victory which carried her to the quarter-finals of the German Open. Hingis' 6-3, 6-2 win over Elena Dementieva, the world number fiv
Boosted by the election of his candidate for state president, incoming Prime Minister Romano Prodi on Thursday turned his attention to preparing a government to tackle Italy's economic woes and heal political divisions.
Pope Benedict, speaking out on a topic that Italy's incoming centre-left government will likely have to confront, on Thursday condemned gay marriage and legal recognition of unwed couples.
A growing number of desperate young Palestinian men are deliberately getting themselves arrested at Israeli checkpoints so that they will be sent to Israeli-run prisons, Israeli and Palestinian officials say.
A co-owner of a Hollywood video game store that caters to celebrity clients on Wednesday pleaded guilty to participating in a conspiracy to violate federal copyright laws by selling Xbox video game consoles modified to play pirated games.
Forthcoming blockbuster "The Da Vinci Code" has received the kind of publicity money can't buy thanks to a real-life cast including a cardinal, an archbishop, a judge, and countless art historians and religious scholars.
Libya on Thursday abruptly adjourned the retrial of five Bulgarian nurses and a Palestinian doctor accused of deliberately infecting hundreds of children at a Libyan hospital with the virus that causes AIDS.
Indian communists swept to power in two of five state assembly elections on Thursday, while the chief of the ruling Congress party, Sonia Gandhi, easily won a parliamentary by-election.
Israel's Dor Alon energy company plans to resume providing petroleum to the Palestinians on Friday after halting supplies over unpaid bills, the head of the Palestinian Petroleum Agency said.
Iran's hard-line president ramped up his rhetoric against the West on Thursday, labelling Israel a "cancer" that will "one day vanish" as he shrugged off the threat of war and sanctions over Tehran's disputed nuclear programme.
German Chancellor Angela Merkel defended the need for security co-operation with the United States as members of parliament launched a sensitive inquiry on Thursday into the role of German spies in the Iraq war.
Prime Minister John Howard said on Thursday Australia would stick to its policy of banning uranium sales to India but he would seek more details on a US-India nuclear deal when he visits Washington this week.
The head of the UN nuclear watchdog welcomed on Thursday moves to avert possible UN sanctions against Tehran over its nuclear programme and appealed for compromise as Iran's president said he was ready to talk.
The death toll in Somalia's worst fighting for a decade rose to more than 120 on Thursday, as militias battled for control of the capital with mortars, rocket-propelled grenades and anti-aircraft guns.
Sri Lanka bombed Tamil Tiger territory near their northern headquarters on Thursday after rebels attacked a naval transporter with hundreds of servicemen aboard and sank another naval vessel, killing 17.
Violent clashes broke out Thursday between Egyptian riot police and demonstrators supporting two pro-reform judges who accused the judiciary of helping to rig last year's parliamentary elections.
Shia in-fighting over who should head Iraq's vital oil ministry is delaying efforts by the prime minister-designate to form a unity government aimed at averting a slide towards civil war, officials said on Thursday.
Bangladesh Prime Minister Khaleda Zia on Thursday reaffirmed her government's determination to crack down on militants who have killed at least 28 people in the past year.
Unknown assailants, shouting "God is greatest", lobbed a percussion bomb at the office of Turkey's most staunchly secularist newspaper on Thursday, the third attack on the paper in just a week. The device exploded but nobody was hurt, though some glass wa
Tensions between Latin America's leaders flared ahead of a summit with Europe on Thursday as Bolivia's new leader raged against colonial "pillaging" and Mexico told left-wingers to talk more trade and less ideology.