A "lasting, permanent and sustainable" cease-fire is the need of the hour in Lebanon. Whilst the Middle East peace is actually hidden beneath the dust of history. Israel is a snake sitting on it twisting to bite the peace-seekers.
Corn futures at the Chicago Board of Trade closed flat to firm on Friday in choppy light volume trade with a return to hot and dry weather next week in the Midwest keeping a firm foundation under the market, traders said.
Soft red winter wheat futures at the Chicago Board of Trade were mostly higher at midsession on Friday, supported by concerns about tight US wheat supplies, traders said.
Copper futures in New York rallied at the open on Friday then extended gains after the July US employment report showed softer-than-expected jobs growth and suggested the Federal Reserve may not raise interest rates at its August meeting, traders said.
Soyabean futures at the Chicago Board of Trade were firm by Friday's midsession and off their early highs on concerns that the US soyabean crop will be stressed next week as hot, dry weather returns to the Midwest, traders said.
Gold futures in New York surged 1.1 percent in early trading Friday, wiping out Thursday's similar decline, as the dollar tumbled after US jobs data showed a slowdown in hiring during July.
A newly wedded bride has filed a petition with Multan district and sessions judge to seek protection from police harassment. Addressing a press conference here on Friday, petitioner Waheeda Arman said she had got married with Nazar Hussain on her free wil
The Independence Day will be celebrated with usual enthusiasm and fervour in all the four tehsil headquarters of Sialkot district on August 14. The preparation for celebrating the Independence Day was gaining momentum in Sialkot, Daska and Pasrur tehsils
Apropos the letter by Tahir Hassan published in your esteemed daily on July 27, 2006, the facts are contrary to the baseless allegations made by the writer which does not know the ground realities.
Raw sugar prices finished higher on trade buying Friday, bouncing back from Thursday's slide to seven-month lows from fund sales, market sources said. New York Board of Trade's October raw sugar contract settled up 0.13 cent at 14.41 cents per lb after tr
The US-based Human Rights Watch (HRW) accused Israel of committing war crimes in a 50-page report. Titled "Fatal Strikes: Israel's indiscriminate attacks against civilians in Lebanon", the report provided additional proof that the Zionist state is deliber
The inevitable has happened. For the last couple of weeks Karachi is in the severe grip of power shortages and outages. The prolonged power breakdowns have adversely affected trade, economy and civic life, causing strong protests and street demonstrations
It, indeed, is disconcerting to learn that over 300 hosiery-knitting units have stopped production due to ever increasing input costs in the country. This grim disclosure was made to newsmen by Pakistan Hosiery Manufactures Association (PHMA) Chairman, Ja
A Recorder Report said the other day that the suspension of Sales Tax Field Audit since July 2004 had resulted in an aggregate loss of over Rs 20 billion to the exchequer according to a draft report of the CBR's audit directorate, ie Rs 10 billion per ann
The National Assembly on Friday offered Fateha for the Shuhada of Lebanon, victims of recent rains in parts of the country. The Fateha was also offered for Pakistan International Airline's Fokker flight near Multan, mother of Minister for Water and Power
Heavy rains lashed Sialkot and its many adjoining areas on Friday resultantly several low-lying areas submerged in rainwater. The rains have also destroyed the city sewerage system and many busy roads.
Sialkot district government has allocated Rs 2.254 million during current fiscal period for the social welfare of special children. The special children would be provided free textbooks, uniform, wheel chairs and hearing aid instruments besides pick and d
The Government of Punjab has introduced the revolutionary idea of utilisation of Zakat funds for poverty alleviation by providing training in demand driven skills to deserving youth. This was stated by Chief Executive Officer (CEO) Punjab Vocation Trainin
Repeated showers disrupted Germany's wheat harvest this week, but the crop outlook remains positive and the wet weather has not prompted quality concerns, analysts said on Friday.
The cost of default protection on French car parts group Valeo rose sharply on Friday amid speculation it may bid for assets of US car parts maker Visteon Corp five-year credit default swaps on Valeo traded 11 basis points wider at 73 basis points, a trad
China's shares slid 1.93 percent on Friday after Shanghai Automotive Co Ltd, the listed arm of China's biggest car maker SAIC, reported weaker-than-expected first-half profits. Shanghai Auto was one of the first major Chinese industrial companies to repor
Blue chip stocks rose on Friday as a government report showing weaker-than-expected July job growth increased expectations that the Federal Reserve will pause in raising interest rates next week.
Seoul shares rose to their highest close in nine weeks on Friday as exporters such as LG.Philips LCD gained on hopes for a pause in US interest rate increases, while financial firms recovered from recent losses.
UK stocks finished on an upbeat note on Friday as weak US data eased fears of higher interest rates in the world's biggest economy and as online gamers PartyGaming and 888 charged ahead on talk of sector consolidation.
Sugar futures soared early this year as cash-rich investment funds developed a sweet tooth, but they have gone off the boil due to big harvests, weak demand and slack momentum in energy prices. Benchmark refined sugar futures slumped to a 4-1/2-month low
Rotterdam, Europe's biggest port, reported on Thursday a slowdown in the growth of cargo volumes handled in the first half of the year to 1.1 percent from a 5-percent increase in the year ago period.
Oil prices fell on Friday after forecasters downgraded Tropical Storm Chris to a depression, easing worries it would damage oil and gas production platforms in the Gulf of Mexico.
A large number of Christians on Friday staged a protest demonstration and blocked Multan-Lahore highway to condemn the demolition of a 100-year old church, located in the premises of a Fertiliser factory. Heavy police contingent was called, which disperse
Cotton futures ended off a seven-week high Friday on trade sales, and market sources thought prices would consolidate until the federal government's global supply and demand report due next week.
London white sugar futures settled mixed on Friday after erasing early gains that were driven by trade buying, and traders said they expected a pick-up in physical offtake in the coming weeks.
Copper prices jumped 5.5 percent on Friday and came within a whisker of $8,000 a tonne on worries about the possibility a strike at Escondida in Chile, the world's largest copper mine.
Gold and silver prices jumped in European trade as the dollar fell sharply after US government data showed the economy created fewer jobs that expected in July.
US benchmark cocoa futures ended in the red on Friday, reversing an early rally after speculators banked profits from the benchmark contract's two-week high hit earlier in the session, traders said.
US arabica coffee futures closed easier on Friday, weighed down by speculators taking profits and light producer selling after nearly an 11-percent price gain during the past three trading sessions.
Pakistan's press and electronic media should take care in promoting health related advertisements, and they should promote those ads which have NOC issued by the federal government. This was stated by Captain Dr Abdul Majid, Additional Health Secretary, G
Meezan Bank Limited has announced that its profit after tax for the half year ended June 30, 2006, has more than doubled to Rs 317 million as compared to Rs 150 million in the corresponding period of last year. This was announced in the meeting of the Boa
Meezan Bank Limited has announced that its profit after tax for the half year ended June 30, 2006, has more than doubled to Rs 317 million as compared to Rs 150 million in the corresponding period of last year. This was announced in the meeting of the Boa
Pakistan's Information Technology (IT) industry exports reached $72 million for the financial year 2005-2006 as compared to $46 million for the financial year 2004-2005 registering an overall growth of 56 percent. According to the figures released by the
Director Trade Organisation (DTO) Haider Raza on Friday declared the All Pakistan Commercial Exporters Association (Apcea) annual elections 2006-07 scheduled on August 30 as null and void.
NWFP Minister for Information, Asif Iqbal Daudzai said on Friday that an Expo centre was being established here with the assistance of the federal government in the near future, which would boost trade activities in the province as well as help the locall
The Export Promotion Bureau (EPB) has advised all the exporters and their banks to ensure sending their freight subsidy-related documents for claims, which are eligible for freight subsidy under the procedure notified for the year 2004-05 vide EPB public
Commerce Minister Humayun Akhtar Khan, who met the senior US officials and interacted with American business leaders, has reported "very good progress" vis-à-vis efforts for negotiating a Pakistan-US free trade agreement (FTA).
Punjab Chief Minister Chaudhry Pervaiz Elahi chairing a meeting on King Edward Medical University here on Friday said that an expansion would be done in the building of the university to further enhance its performance.
"Pakistan offers one of the best investment opportunities in the region under the dynamic leadership of President General Pervez Musharraf and Prime Minister Shaukat Aziz. This was stated by Sultan Al Habtoor, Chairman, Al Habtoor Group, while talking inf
The elections of PML-F Multan district were held here under the supervision of PML-F Punjab Acting General Secretary Ashraf Qureshi. According to results Sardar Iqbal Nazir Baloch was elected President, Muhammad Nawaz Thaheem and Haji Muhammad Aslam Qadri
Despite the tall claims of the government for bringing a literacy revolution in the country yet 18,472 schools have no buildings, while more than 10,000 school buildings have no electricity. Thousands of students are still studying under the trees even wi
Azad Jammu and Kashmir (AJK), Prime Minister, Sardar Attiq Ahmed Khan has announced the Kohala bridge will be reopened for traffic within three days after the completion of repairing work. Talking to a delegation of Muslim Conference Youth Wing here on Fr
Punjab Minister for Communication and Works, Zaheer-ud-Din Khan has said that the development of water supply and sewerage lines in GOR-II and III would be completed during the current fiscal year with a cost of Rs 21.257 million.
In the wake of powerful forces of modernity and globalisation, Pakistani society is in state of rapid transition and it has witnessed a substantial shift in people's attitude, behaviour, patterns and network of relations.
Provincial Industries and Investment Minister, Muhammad Ajmal Cheema has said that Sundar Industrial Estate (SIE) would be instrumental in increasing the provincial GDP (gross domestic production) and Rs 100 billion investment, was expected in next three
NWFP Senior Minister Siraj-ul-Haq has asked the people to cooperate with the Muttahida Majlis-e-Amal (MMA) government for achieving 100 percent literacy target in the province. He said the government was focusing on both religious and scientific education
Warid Telecom is participating in the ITCN Asia 2006 exhibition will be held at the Expo Centre here from 9-11th August. "It gives me great pride to witness the immense growth that ITCN Asia has exhibited over the past 6 years," said CEO Warid Telecom, Ha
Shah Faisal Town Nazim Muhammad Imran inaugurated distribution of cheques among 'Mustahiqeen' (deserving people) under the Bait-ul-Maal Food Support Programme at Shah Faisal Town Central Office on Friday.
The JCR-VIS Credit Rating Company Limited has assigned a 'Preliminary' medium to long-term rating of 'A-' (Single A Minus) with a 'Stable' outlook to the proposed listed, unsecured, subordinated term finance certificate of Saudi Pak Commercial Bank Limite
Water level at Hub Dam is continuously increasing due to frequent rains as flood water is coming from catchment areas. On Friday morning the water level was recorded as 297-feet.
Shell Pakistan Limited's earnings are expected to soar by 12 percent to Rs 2,739 million translating into an earning per share (EPS) at Rs 62.50 in FY06 compared to FY05 profit after tax and EPS at Rs 2,451 million and Rs 55.92 respectively. The meeting o
Shell Pakistan Limited's earnings are expected to soar by 12 percent to Rs 2,739 million translating into an earning per share (EPS) at Rs 62.50 in FY06 compared to FY05 profit after tax and EPS at Rs 2,451 million and Rs 55.92 respectively. The meeting o
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).
Bomb hoax in multi-story buildings at Sarwar Shaheed Raod created panic in the residents who were evacuated from buildings by police. SHO Frere Road Khalid told newsmen that an unidentified caller informed 15 about presence of bomb in the Lakson group bui
Central Board of Revenue chairman M. Abdullah Yusuf has said we must move forward to achieve objectives of increasing tax-to-GDP ratio and expansion of tax net, which at present were not at the desired level. He stated this while addressing the 10th Incom
A legendary hero was born on 14th may, 1922, in the 'golden city of the east' in India, what is commonly known as Lucknow. He emerged on the world horizon destined to rule many hearts and minds and assumed the role of a venerable architect of many a formi
Bulls returned to the front seat on the Islamabad Stock Exchange (ISE) where fresh buying spree in trend-setters moved the entire ready-board in upward direction amid increase in index. ISE-10 index was plus by 22.21 points, as the index moved from 2,845.
It is a dream come true for the people of Chitral as they eagerly await the construction of an all weather road link with the rest of the country. The picturesque valley around 380 km from Islamabad in the North West Frontier Province remains isolated fro
Bulls returned to the front seat on the Islamabad Stock Exchange (ISE) where fresh buying spree in trend-setters moved the entire ready-board in upward direction amid increase in index. ISE-10 index was plus by 22.21 points, as the index moved from 2,845.
Recent rains in the city played havoc with the lives of the people who were compelled to brave with broken roads, open manholes, overflowing gutters and complete absence of electric supply for hours together.
Young British motorists will be offered cheaper insurance if they have a gizmo installed in their cars to make sure they don't drive at night, an insurance company said on Friday.
Clouds are always welcomed during the hot summer days. The cool winds, soft rustling of leaves accompanied by thunder makes the upcoming rainstorms more exciting to experience.
Prime minister, Shaukat Aziz, on Friday said Iran-Pakistan-India (IPI) gas pipeline is going to have win-win situation for all the parties and the negotiations were underway in New Delhi to get the objective. He was addressing a press conference soon afte
Federal Minister for Foreign Affairs, Khurshid Mehmood Kasuri has termed the meeting between Foreign Secretaries of Pakistan and India as a positive development. In an interview with an Indian newspaper he said that President Pervez Musharraf was ready to
Ben Okri, a Nigerian novelist and poet had once said that a novel was a river, but a short story was a glass of water. A novel was a forest, but the short story was a seed. It was more atomic. The atom may contain the secret structures of the universe.
Foreign minister Khurshid Mehmud Kasuri on Friday said the government was gradually acquiring property abroad for use by it missions. In a written reply to a question in the Senate from Dr Muhammad Ismail Buledi, the foreign minister said to institutional
Before the premiere of Indian mega productions 'Mughal-e-Azam' and 'Taj Mahal' three months ago, it was hoped by a section of the Lahore-based film industry that the screen of these films would provide a strong impulse for the revival of dying Pakistani c
Prime Minister Shaukat Aziz's speech at the OIC special summit in Malaysia was beyond the parameters set by Foreign Office, PML Chief Shujaat Hussain told the National Assembly on Friday.
With sharp decrease in reading habits, evident from the gradual closure of bookshops and opening of shoe stores, jewellery shops and fast food restaurants in Karachi, readers of contemporary literature are hit hard. The few bookstores that are still open
Federal Minister for Information and Broadcasting Muhammad Ali Durrani has said that the whole nation is united on the Lebanon issue and the NAs unanimously passed resolutions against Israeli aggression are its proof.
What are copyrights and intellectual property rights, how these are created and violated? Who violate these rights? What is the impact of piracy of intellectual properties and copyrights on the economy of a country and how violations of copyrights and bra
The National Assembly on Friday strongly condemned the Israel invasion on Lebanon and regretted the slackness of Organisation of Islamic Conference (OIC) and the United Nations Security Council to broker a cease-fire.
Nature has bestowed man with ample flora and fauna to lead a clean and healthy life. Green meadows, tall pines and medicinal plants all are bounties of nature. They not only serve mankind in material terms but also provide clean air to breathe - an indisp
Pakistani delegation led by Syed Kamal Shah, Secretary, Ministry of Interior, participated in the 6th session of Special Committee on Security of Pakistan-Iran held here from August 2 to 3.
As a citizen of Karachi, that even though we yearn for rain, we are afraid of it. That being so, the rains that began on Sunday 30th July obviously became a subject for television, that is one side of the story.
The United Nations refugee agency has warned that landslides and floods caused by monsoon rains were creating thousands of new refugees in parts of Pakistan devastated by last October's earthquake. An agency official said more than 6,000 quake survivors h
Question: My partner (North) opened the bidding with one diamond and in South position I responded in two suits as shown in further biddings. What action should I have taken on my partner's re-bid of club suit?