New Zealand share prices closed 0.40 percent lower on Monday, dragged down by market leader Telecom, dealers said. The NZX-50 gross index fell 13.82 points to 3,470.60 on turnover worth 141 million New Zealand dollars (89.9 million US). Falls led gains 55
Japanese government bond futures hit a 5-1/2 month high on Monday, extending gains after last week's soft consumer price data bolstered expectations the Bank of Japan will not raise interest rates anytime soon.
Japanese government bond futures hit a 5-1/2 month high on Monday, extending gains after last week's soft consumer price data bolstered expectations the Bank of Japan will not raise interest rates anytime soon.
Interbank buy/sell rates for the taka against the dollar on Monday. 69.49/69.71 (previous 69.49/69.71). Call Money Rates: 6.25-10.00 percent (previous 6.25-10.00 percent.
The Indian rupee ended firmer on Monday, as the euro rose against the dollar ahead of fresh US economic data and dollar sales by exporters and non-resident Indians. The partially convertible rupee ended at 46.50/51 per dollar, about 0.11 percent higher th
The Swiss franc rose against the dollar in early trading on Monday and was little changed versus the euro as markets waited for a speech of Swiss National Bank chairman Jean-Pierre Roth later in the session to look for hints on the SNB's rate path.
The yen hit a fresh record low against the euro on Monday, with expectations that the Bank of Japan will take its time raising interest rates weighing on the Japanese currency across the board.
The Australian dollar rebounded off a one-month low on Monday as the US dollar weakened, but failed to hurdle 76 US cents ahead of data later this week that will shed further light on Australia's interest rate outlook.
Asian currencies were steady to a touch softer on Monday, undermined by the yen, which hit a record low against the euro on expectations that Japan would raise interest rates only slowly.
The Hong Kong dollar recouped early losses on Monday afternoon, while interbank rates nudged firmer on demand for funds for upcoming initial public offerings. The domestic currency was trading at 7.7786/87 to the US dollar, recovering from a morning low o
China's yuan rose against the dollar on Monday after an official Chinese newspaper suggested that Beijing should further adjust the yuan exchange rate to keep policy in balance with the global economy.
Australian umpire Darrell Hair has insisted he was "invited" by the International Cricket Council (ICC) to make his controversial 500,000 resignation offer. Differences in his version of events and that of the world governing body have become apparent, an
The Pakistan Cricket Board is pushing for Darrell Hair's removal from the International Cricket Council's (ICC) list of elite umpires before the Champions Trophy in India in October.
Coach John Buchanan, who presided over Australia's world record test and one-day winning runs, is to step down after next year's World Cup. The 53-year-old Buchanan had been contracted to see Australia through the defence of their one-day title in West In
The Intenational Cricket Council (ICC) announced Monday that its emergency board meeting in Dubai on Saturday, called following Pakistan's forfeit of the fourth Test against England, had been cancelled.
Pakistan put their off-field worries to one side by winning their inaugural Twenty20 international with a five wicket success against England at Nevil Road here Monday. Set 145 for victory, Pakistan finished on 148 for five as they won with 13 balls to sp
Prime Minister Junichiro Koizumi eyed Kazakhstan's huge energy resources in meetings Monday with President Nursultan Nazarbayev and other officials at the start of the first visit by a Japanese premier to Central Asia.
Braving bursts of tropical rain, Guyanese voted on Monday in the former British colony's fourth election since independence and were expected to reelect free-market advocate President Bharrat Jagdeo.
The managing director of an Iranian daily has been acquitted of insulting Iran's Azeri minority after the newspaper was banned for a cartoon that sparked protests, an official said on Monday.
An Austrian girl traumatised by an eight-year kidnap ordeal said in her first public statement on Monday that she had refused her captor's demand to call him "master", yet mourned his suicide after her escape.
Mexico's electoral court rejected some of the left-wing candidate's legal challenges to last month's disputed presidential vote on Monday as it began a long session to rule on his allegations of massive fraud.
NASA has cancelled Tuesday's Atlantis shuttle launch but put off a decision on sheltering the orbiter from Tropical Storm Ernesto, a move that would prevent a flight this week, a spokesman said Monday.
Sudan ignored US pressure to accept UN troops in Darfur, sidelining Washington's top diplomat on Africa on Monday ahead of a critical UN Security Council debate on quelling violence in Sudan's western region.
Israeli forces killed two members of a Hamas-led security force, two presidential guards and a civilian in violence in the Gaza Strip on Monday, Palestinian security officials said. The deaths raised to nine the number of Palestinians killed since Israeli
Iranian President Mahmoud Ahmadinejad has told German Chancellor Angela Merkel that the Holocaust may have been invented by the victorious Allied powers in World War II to embarrass Germany, the semi-official news agency Mehr reported Monday.
Violence in Baghdad has dropped by nearly half since July, after US-led forces launched an operation to pacify the capital, a US general said on Monday, while acknowledging a spike in bombings in the past 48 hours.
Fifty gunmen and 20 Iraqi soldiers have been killed in clashes in the town of Diwaniya south of Baghdad, the Ministry of Defence spokesman said on Monday.
UN Secretary-General Kofi Annan said on Monday he wanted the two Israeli soldiers whose capture by Lebanese Hizbollah guerrillas sparked a 34-day war with Israel to be released under Red Cross auspices.
Turkey has agreed in principle to contribute troops to the UN peacekeeping force in Lebanon, the government said on Monday. "The UN peace force issue was discussed and it was decided in principle that we participate in the mission," government spokesman a
At least 11 Sri Lankan soldiers were killed in heavy fighting in the island's north-east on Monday, official sources said, as Tiger rebels claimed that 20 civilians died in army artillery strikes.
Iran said on Monday a US threat to form an independent coalition to impose sanctions if the UN Security Council failed to act over Tehran's nuclear programme was an insult to the world body.
Libyan leader Muammar Gaddafi has scolded his nation for over-reliance on oil, foreigners and imports and told it to start manufacturing things people need.
A bomb blast killed three Turks and wounded dozens more people in Turkey's Mediterranean tourist hub Antalya on Monday, the fifth explosion to hit the country in less than 24 hours.
An Iranian reformist journalist, Issa Saharkhiz, has been handed a four-year jail term for "publishing lies and libel", the student news agency ISNA reported on Monday. "The court has sentenced Saharkhiz to four years in prison and a five year ban from pr
Palestinians support a US proposal to deploy international monitors at Gaza's main commercial crossing to ensure the gateway remains open, a Palestinian official said on Monday.
Islamic nations are ranked as among the world's most-corrupt and the fight to tackle the scourge could be tough due to poverty and poor governance, Malaysia's prime minister said on Monday.
The euro hit a record peak just below 150 yen and rose half a percent against the dollar on Monday as markets grew cautious ahead of US data that could confirm the Federal Reserve's moderating growth outlook.
Chinese shares rose 1.69 percent on Monday amid hopes for an influx of fresh funds after China lowered the threshold for foreign investment in its capital markets.
US stocks rose sharply on Monday as oil prices fell more than 3 percent and Wal-Mart Stores Inc forecast monthly sales near the top end of its estimates. However, trading volume was light as many portfolio managers were away on vacation.
The Nikkei average fell 1.1 percent to its lowest close in more than two weeks on Monday as Softbank Corp extended losses after a brokerage cut its target share price and recent gainers such as Canon Inc succumbed to profit-taking.
Cotton futures settled easier Monday on speculative liquidation as the market struggled for direction given the dearth of fresh leads in the pit, brokers said.
Oil fell nearly 3 percent on Monday as Tropical Storm Ernesto was expected to miss US oil installations in the Gulf of Mexico, almost a year after they were pounded by Hurricane Katrina.
Japanese and South Korean grain importers are likely to seek US soyabeans, which seasonally dominate the global soyabean export market from September to January, traders said on Monday.
Russia's second largest aluminium producer, SUAL, said it has signed a preliminary deal with US energy company AES Corp on power supplies for a smelter it is planning to build in Kazakhstan.
Thousands of Pakistanis, living in and around New York, braved the inclement weather to take part in a parade on Sunday to mark the 59th anniversary of Pakistan as an independent country.
This is with reference to Asif Pathan letter, "Act of Treason," I fully agree with his remarks that what Nawaz Sharif and his party are doing is an act of treason and he along with his top party members be tried for treason.
Time and time again politicians proved to be failure, especially Benazir and Nawaz Sharif. I fail to understand why people insist on bringing them back. Are they going to do something extraordinary this time?
Although we celebrate independence of Pakistan and India from slavery of the British, we continue to be slaves to threats of war, secessionist movements, terrorist acts and communal violence.
The bitter smell of burned plastic is carried on the wind with the choking dust churned up by a noisy backhoe that rattles and scrapes at a small mountain of rubble.
Independent directors have got a new focus of attention, in terms of good governance practices. Codes, listing requirements under various jurisdictions, shareholder activists and governance experts emphasise that in order to have a balance board it is ess
Recently the bourses were under the grip of severe bearish trends. This trend has continued since the March 2006 crisis when a steep fall was witnessed in the capital markets. During the last two trading days alone, the index has gone down by almost 1200
Frightening, indeed, will appear to be the prospects of Afghanistan turning into a narcotic state, as hinted by President Hamid Karzai in Kabul on Tuesday.
It is deeply distressing that the confrontation between the Baloch nationalist leader Nawab Akbar Khan Bugti and the Federal government ended in a military operation that killed him along with 30 of his tribesmen and at least 25 soldiers.
The Pakistan Textile Exporters Association (PTEA) election schedule for the year 2006-2007 has been issued. According to the schedule, final voters' list would be released on August 31 while nomination papers could be submitted up to September 05.
The elections of the Faisalabad Chamber of Commerce and Industry (FCCI) for the next term will be held on September 20. The FCCI secretary said that 4,000 voters would elect the president, the senior vice president and the vice president.
The Oil and Gas Development Company Ltd (OGDCL) allocated Rs 128 million rupees for house construction programme of the October 8, 2005, earthquake-affected employees of the Company. A cheque distribution ceremony was held in this connection at the OGDCL
Muttahida Qaumi Movement (MQM) convenor Dr Farooq Sattar has announced members' names of the organising committee of the party's Punjab wing. The committee will organise the party in the province and make arrangements for participation in the forthcoming
Three persons were killed and eight sustained injuries in two road mishaps near here on Monday. According to police, a speeding wagon hit a tractor trolley at Jhang road here. As a result, Muhammad Afzal and Ahmad Ali died on the spot The injured were shi
"We do not want any subsidy we want only level playing field," said Pakistan Textile Exporters Association (PTEA) Chairman Arif Tauseef here on Monday while briefing newsmen on problems confronting textile exporters.
Chiltan Express left Quetta for Faisalabad at 12.55 pm, while Quetta Express left Quetta for Rawalpindi at 1.22 pm on August 28. According to Pakistan Railways press release issued here on Monday, Bolan Mail also left Quetta for Karachi at 01.47 pm on Sat
The Yarn Merchants Association (YMA) has elected its office-bearers for the next term. Munawar A Sheikh was elected as the central chairman, while Haji Sheikh Muhammad Tayyab and Pervez Khalid Sheikh have been picked as vice chairman and zonal chairman re
Speakers at the inauguration of National Conference in Urban Poverty held government, foreign donors and the corporate sector responsible for increase in poverty.
A survey of the flood-affected areas has been started in as many as 20 districts of Punjab to assess the losses due to heavy rains/floods. Moreover 103 relief camps have been established in all the affected areas whereas food and other relief items are be
Crop improvement by utilisation of both conventional plant breeding and biotechnology is imperative to attain better yield in the agri sector besides moving forward and research in bio sciences, said Dr Anwar Nasim, Chairman, National Commission on Bio-Te
Azad Jammu and Kashmir Prime Minister Sardar Attiq Ahmed Khan has invited overseas Kashmiris and Pakistani to make agro-industrial investments to expedite industrialisation.
Pakistan Federal Union of Journalists (PFUJ) and All Pakistan Newspapers Employees Confederation (Apnec) termed the brutal and targeted killing of a veteran politician Nawab Akbar Bugti as a national tragedy, which will have far reaching repercussions on
Punjab Minister for Literacy and Non-formal Basic Education, Syed Hussain Jahanian Gardezi said implementation of water vision of President Pervez Musharraf was imperative to save the country from water crisis and food shortage.
The Vice Chancellor University of Sindh Mazharul Haq Siddiqui has called upon society to pay attention to education and also stressed on better training and education of young generation at home and in educational institutions.
Girls outshined boys in the result of annual examination 2006, Board of Intermediate and Secondary Education (BISE) Multan, declared here on Monday. A boy Hafiz Muhammad Faisal Javed captured the top position by securing 1030 marks while all girls in six
Board of Intermediate & Secondary Education, Gujranwala on Monday announced Intermediate (Part-I and Part-II) results showing overall pass percentage of 57.36 in Part-I and 70.30 in Part-II.
Boys of Rawalpindi have topped the results of Higher Secondary School Certificate (HSSC) Part-I and II of the Annual Examination 2006, of Rawalpindi Board of Intermediate and Secondary Education (RBISE).
The government will honour awards to 35 educationists and students in recognition of their services/contributions in education sector, Business Recorder learnt on Monday.
Hundreds of people took to streets and held protest demonstration in various Baloch-dominated localities of Karachi on second day against killing of Nawab Akbar Bugti.
The killing of a veteran Baloch leader Nawab Akbar Khan Bugti is a blunder that will likely to radicalise the insurgency in Balochistan, analysts said on Monday. Nawab Akbar Bugti, who had been leading a violent struggle against the central government ove
Sindh Qaumi Ittehad, an alliance of nationalist parties, has decided to observe Black Day across the province on August 31, to condemn the killing of Baloch leader Nawab Akbar Bugti by the security forces in Kohlu.
Muttahida Majlis-i-Amal (MMA) MPAs on Monday submitted a condemnation resolution at Sindh Assembly Secretariat against killing of veteran politician Nawab Akbar Bugti along with his companions and summoned their Parliamentary party meeting on Tuesday to d
NWFP Pakistan People's Party (PPP) President Rahimdad Khan has termed the rejoice expressed by certain quarters in the government as immoral and against the spirit of parliamentary form of democracy.
In an ongoing effort to provide quality service to its customers, Habib Bank Limited (HBL) has announced commencement of 'Customer Care Week' from August 28 to September 2, 2006. The bank has also announced its new deposit scheme, 'HBL Value Account'. HBL
The agriculture extension department Sindh has directed District Officers Agriculture Extension to seize products of 39 pesticide companies whose registration has been cancelled.
The users of calling cards for long distances and for international calls are facing hardships in getting calls connected as PTCL has partially switched off the DIUs of all LDI operators.
The Union Bank Limited has declared its after-tax profit amounted to Rs 1,021 million for the first half of the current year ended June 30, 2006, as compared to Rs 800 million over the corresponding period last year.
The Union Bank Limited has declared its after-tax profit amounted to Rs 1,021 million for the first half of the current year ended June 30, 2006, as compared to Rs 800 million over the corresponding period last year.
International exhibitions are important for creating positive image of Pakistan, especially of Karachi, and attracting foreign investment by highlighting opportunities to boost confidence of international business community.
The Pakistan Readymade Garment Manufactures and Exporters Association (Prgmea) has urged the government to reduce the rate of labour levies for social securities and employees old age benefit. In a communication to the government, Prgmea chairman Bilal Mu
The newly elected Polish government is keen to expand its ties with Pakistan. This was stated by Prime Minister of Poland Jaroslaw Kaczynski. In his speech on 17th of July this year, he underlined the need and wish to have greater economic, cultural and f
Sindh Minister for Labour, Transport, Industry & Trade, Muhammad Adil Siddiqui met with Prime Minister, Shaukat Aziz during his visit to Islamabad. Adil Siddiqui briefed the Prime Minister about the performance of his departments and their ongoing develop
Prime Minister Shaukat Aziz has taken serious notice of the reported kidnapping of some children from a relief camp in Balakot from where they were taken and lodged in a house in Lahore.
The Central Board of Revenue (CBR) has appointed 'customs' in each collectorate for speedy processing of cases through Alternative Dispute Resolution (ADR) mechanism.
Two Pakistan Army officials, who died in Kohlu operation in which Nawab Akbar Bugti was also killed, were buried in Army graveyard of Rawalpindi with full military honour.
Britain has sought extradition of its national Rashid Rauf, who is under investigation in connection with the foiled conspiracy to bomb planes flying from UK to USA earlier this month, and the matter is under consideration of the government of Pakistan, s
Minister for science and technology Chaudhry Nouraiz Shakoor Khan has called on the South Asian Association for Regional Co-operation (Saarc) countries to share knowledge in the field of science and technology, a key driver of the socio-economic developme
Minister of State for Commerce Hamid Yar Hiraj has said that relations between Pakistan and India should not be restricted to the carpet exhibition only, and India should also respond positively to the efforts being made by the Pakistani government for ma