A European Union securities trading directive due to take force next year will help create more unified European capital markets but smaller financial industry firms may perish due to high costs.
De Beers, the world's biggest diamond producer, and Russia's gem firm Alrosa signed a pact on September 06 to pursue joint prospecting projects in Russia and other parts of the world.
UBS AG is to acquire the branch network of McDonald Investments, a unit of KeyCorp, for up to $280 million, the Swiss investment bank said on September 06.
First Eastern Investment Bank (FEIB), a member of the First Eastern Group, has received approval from the Dubai International Financial Centre (DIFC). The First Eastern Group is China's largest direct investment firm.
First Eastern Investment Bank (FEIB), a member of the First Eastern Group, has received approval from the Dubai International Financial Centre (DIFC). The First Eastern Group is China's largest direct investment firm.
China will opt for economic and legal, rather than administrative, means in trying to rein in investment in the second half of this year, vice premier Zeng Peiyan said Sunday. Zeng told the China Business Summit in Beijing the government would continue to
Patchy monsoon rains in India this summer have led analysts to downgrade forecasts for farm growth, but full-year projections for gross domestic product remain stable as manufacturing and services boom.
President Hamid Karzai Sunday formally opened a 25-million-dollar Coca Cola bottling plant, one of the most significant investments in Afghanistan since the ousting of the Taliban five years ago.
US Treasury Secretary Henry Paulson is set to travel to Asia for his first gathering of the world's most powerful finance officials, before heading to China to press the case for economic reform.
Six decades after it was created to inject stability into the ruins of the post-war financial system, the IMF is today trying to forge a new role that better represents a globalised economy.
Algeria's foreign exchange reserves rose to a record $68 billion at the end of August due to high world oil prices, the official APs news agency quoted Finance Minister Mourad Medelci as saying on Sunday. The reserves stood at $56.18 billion at the end of
A Japanese minister urged China on Sunday to make its central bank more independent, improve the transparency of its policies and promote democracy, drawing a cool response from a senior Chinese banker.
Britain's finance minister Gordon Brown said on Sunday the ruling Labour party would press on with controversial public-sector reforms despite strike threats from unions representing more than 1 million workers. Labour has planned thousands of job cuts an
The top US trade negotiator said on Sunday before meeting a group of developing nations the United States was committed to a successful outcome of current world trade talks.
US and South Korean officials expressed disappointment on Saturday at the progress made during four days of tough trade negotiations aimed at clinching a proposed free trade agreement between the two countries.
A committee advising Opec on oil output policy will recommend the organisation keep its current production when it meets on Monday but leave the door open to another meeting if necessary, an Opec delegate said on Sunday.
Interbank buy/sell rates for the taka against the dollar on Sunday. 69.05/69.19 (previous 69.19/69.49) Call Money Rates: 6.40-10.00 percent (previous 6.25-10.00 percent).
Malaysian share prices are expected to trade cautiously in the week ahead, in line with the regional markets, as stocks consolidate and investors remain sidelined, dealers said Friday.
Taiwan share prices are expected to trade in a narrow range next week as investors wait and seen how an indefinite protest intended to oust President Chen Shui-bian develops, dealers said Friday.
Japanese government bond (JGB) futures fell on Friday but recovered most of their early losses after Bank of Japan Governor Toshihiko Fukui failed to give a clear cut signal that interest rates would rise before the end of the year.
Japanese government bond (JGB) futures fell on Friday but recovered most of their early losses after Bank of Japan Governor Toshihiko Fukui failed to give a clear cut signal that interest rates would rise before the end of the year.
Asian currencies eased against the dollar over the previous week as the prospect of further interest rate hikes in the US was revived by Federal Reserve officials.
Hong Kong share prices are expected to stage a technical rebound next week, building on Friday's modest upturn after substantial losses this week, dealers said.
US stocks declined over the past week as investors engaged in profit-taking while fretting about the health of the US economy and whether the Federal Reserve may seek to raise interest rates anew.
London's FTSE 100 may advance close to 6,000 points again next week in response to British economic and earnings data, dealers said. On Friday, London's FTSE 100 index of leading shares ended at 5,879.58 points - down 1.17 percent or 69.52 points from a w
Thai share prices are expected to fall next week as investors remain jittery over the possible de-listing of the country's largest energy firm PTT, dealers said.
Singapore share prices are expected to be range-bound next week in the absence of fresh trading leads, dealers said. The arrival of more than 16,000 delegates for the International Monetary Fund and World Bank annual meetings is expected to boost the city
The outlook for Japanese shares next week hinges on another series of economic data here and in the United States as investors focus on an uncertain outlook for interest rates, dealers said.
Tony Blair's presumed successor Gordon Brown denied on Sunday he was behind a plot to oust the British prime minister but newspapers said last week's row meant there might now be a fight for the premiership.
Secretary of State Condoleezza Rice acknowledged on Sunday that the United States was surprised by the strength of Afghanistan's Taliban militia five years after its ouster from power in the wake of the September 11 attacks on New York and Washington.
Iraq's parliament delayed debate on Sunday on a divisive draft law on federalism that minority Sunni Arabs fear could lead to the partition of Iraq and stoke sectarian conflict that has already killed thousands.
Iran's nuclear negotiator and the EU'S foreign policy chief said on Sunday they had cleared up misunderstandings and made progress in talks on Iran's disputed nuclear programme and would meet again soon.
Western societies are losing their souls to scientific rationality and frightening believers in the developing world who still fear God, Pope Benedict told an open-air mass in Germany on Sunday.
Palestinian President Mahmoud Abbas said on Sunday he was ready to meet Israeli Prime Minister Ehud Olmert as soon as possible to resume long-stalled peace negotiations.
Sri Lanka's army said on Sunday 28 soldiers and dozens of Tamil Tigers had been killed in their advance across frontlines in the island's far north, as the rebels accused them of shattering what is left of a 2002 truce.
British Prime Minister Tony Blair on Sunday said the world should deal with a Palestinian unity government, following the West's crippling boycott of the current Hamas-led administration.
The United States marks the fifth anniversary of the September 11 attacks Monday with solemn ceremonies and silent tributes to the nearly 3,000 people who died, but still haunted by al Qaeda and the war in Iraq.
China announced rules on Sunday requiring foreign media to seek approval from its state news agency to distribute news, pictures and graphics domestically, and warned against reports that "endanger national security".
Leaders of the Non-Aligned Movement of 116 developing nations will meet in Cuba this week for a summit that will gather some of the United States' fiercest critics jusst 90 miles (145 km) offshore.
We have been relying on our geo-strategic position in the sub-continent but our reliance has suffered a serious setback in view of the changing political scenario in the region.
Shipping activity was fairly brisk at Port Qasim where twenty-six ships called on and twenty-five ships sailed during last week. Berth occupancy remained 70 percent at during the week as against to 80 percent during the previous week. Utilisation level at
I first started taking interest in politics some 39 years ago, when I was in the second year of college. Since then I have heard one question hundreds of time: What is going to happen? In no country people must have asked this question about the country's
The nation is paying homage today to its Father and most beloved and revered leader and first Governor-General of Pakistan, Quaid-i-Azam Muhammad Ali Jinnah, on his death anniversary, for his selfless services for the just cause of the South Asian Muslims
This is with reference to the good news published by the World Bank and its private sector arm International Finance Corporation (IFC) that doing business in Pakistan is comparatively easy to other South Asia nations.
President Pervez Musharraf has launched "Rozgar Pakistan Scheme" across the country for unemployed youth and women in less developed areas, to help them earn sustainable income. The scheme aims to target about 2.5 million unemployed individuals through lo
"The Quaid-i-Azam", says Frank Moraes, one-time editor of "Times of India" and of "Indian Express", "is assured of a place among the great Muslims of our times. Kemal Ataturk revived the ramshackled State, which was Turkey. But Jinnah's achievement was in
The observance today of the death anniversary of the Father of the Nation, Quaid-e-Azam, Mohammad Ali Jinnah, will serve, as usual, as an occasion to mourn the great loss in the very second year of the independent Muslim State he had helped his people to
In its Asian Development Outlook (ADO) 2006 Update, issued on 6th September, the Asian Development Bank (ADB) has reduced the economic growth forecast for Pakistan in FY2006-07 to seven percent, 30 basis points below its own yearly forecast in April 2006.
Traditional coping systems have been stretched to breaking point following last year's massive earthquake and women are bearing the brunt. Gulab Jan lost her husband seven years ago, but her position was typical of many of the widows at Chelha Bandi camp
Opposition parties, Four-Party Baloch Alliance, PONM and ARD have announced to withdraw wheel jam and shutterdown strike of September 12 in Balochistan.
The Defence Housing Authority (DHA) has acquired over 12500 acre of land on National Highway to develop Defence-II housing scheme besides indulging in value-addition activity of the existing Defence, DHA Administrator, Brigadier Maqsood Hussain said.
Sindh Assembly session, which is due to begin on Monday morning at 9:30, is likely to be a stormy one as most likely opposition members would take up issues relating to the death of Akber Bugti, attitude of political parties towards the protection of wome
Federal Minister for Housing and Planning Syed Safwanullah has said that House Building Finance Corporation (HBFC) has played a key role in promotion of construction industry in the country during the last half century and stressed the need for further st
Parliamentary parties of Pakistan Muslim League (PML) and its allied political parties in the Senate will meet on Tuesday, September 12 in the Committee Room No 2, Parliament House here. Leader of the House in the Senate Wasim Sajjad will chair the meetin
The International Reading Association (IRA) has announced that Unesco International Reading Association Literacy Prize for 2006 will be awarded to Pakistan's National Commission for Human Development.
Pakistan would showcase its gems and jewellery products at a five-day International Bangkok Fair 2006, beginning from September 13 in Thailand, official sources said.
Expatriates using quick-cash remittance services are reportedly being taken for a ride by some money exchange houses, which allegedly offer them manipulated exchange rates.
Executive Director of the Kashmiri American Council (KAC), Ghulam Nabi Fai said that the General Body of the Council in its recent meeting in Chicago Illinois reiterated five-point objectives of the council. He said the objectives include raising level of
The Australian High Commissioner in India John McCarthy called on Chief Minister, Ghulam Nabi Azad and discussed the Kashmir situation with him. The Chief Minister while interacting with him said that it was in the interest of both India and Pakistan to l
Family members of missing people have warned that they would resort to hunger strike in front of Parliament House until informed about the whereabouts of their near and dear ones.
Three persons of two rival groups were killed in exchange of fire in Pawliani Adda over a minor dispute here on Sunday. Rana Ahmad Hussain and his younger brother were sitting at a medical store when their rival group started indiscriminate firing, killin
As many as 17 employees of Water and Power Development Authority (Wapda) including two Junior Engineers/Sub Divisional Officers and 15 other officials have been served final show cause notices for dismissal from service under removal of Service Ordinance
Chairman All Pakistan Steel Re-Rollers Association, Ali Ahmad has appreciated the steps taken by the present government for the resolution of long standing problems of the steel millers community.
Sialkot district government has decided to introduce 'green rickshaw' scheme in Sialkot, Daska, Pasrur and Sambrial tehsils for reducing pollution load, District Nazim Muhammad Akmal Cheema said.
Textile Industry Minister, Chaudhry Mushtaq Ali Cheema has said that the Government is conscious of the issues of women development and is fully committed to the enhancement of the status of women on the grrounds of equity and equality Inaugurating the tw
The office-bearers of the Multan Bench of the Lahore High Court Bar Association at least 19 presidents, general secretaries of district bar associations of Multan and Dera Ghazi Khan divisions have unanimously demanded of the government for the creation o
A full-fledged Sports Industry Development Center costing more than Rs273.11 million would soon be set up in Sialkot for catering to needs of sports industry particularly soccer ball industry of the area.
Police dispersed ARD workers' rally headed for Lahore near Khurrianwala here on Sunday morning and arrested about 90 workers, most of them belonging to PPPP. Police also got vacated the buses, which were moving to Lahore to participate in ARD protestation
Faisalabad City District Nazim Rana Zahid Tauseef has directed Health, Education and other concerned departments to make such foolproof arrangements for administering polio drops to the children up to five years of age as that no child of any house throug
Pesticides under-dosing to cotton develops resistance not only in existing pests but in their next generations as well causing a big blow to the cotton crop for a long time. Agriculture experts including Rabia Sultan, Ibrahim Mughal and Director Pest Warn
The chairman of the All Parties Hurriyat Conference (APHC), Mirwaiz Umar Farooq, and Australian High Commissioner to India, John McCarthy, held a meeting in occupied Srinagar to discuss the overall situation in occupied Kashmir. The meet was held at the r
Modest changes were marked on the commodity wholesale markets where fluctuations were usually also seen modest during the week ended on September 9, changes were in commodities like teas, gram garda and dal, barley, raw rubber, Irri Sindh 9 etc.
After the clearance of first phase of monsoons, cotton harvesting and ginning activities in cotton belt of lower Sindh had almost returned to normalcy when after a pause of about two/three weeks, torrential rains again lashed this cotton area halting almo
After the clearance of first phase of monsoons, cotton harvesting and ginning activities in cotton belt of lower Sindh had almost returned to normalcy when after a pause of about two/three weeks, torrential rains again lashed this cotton area halting almo
Azad Jammu Kashmir President, Raja Zulqarnain Khan has said that peace in the region is linked with the permanent settlement of Kashmir dispute in accordance with the wishes of Kashmiri people.
Criticising in strong terms the statement of the US Counsellor about the peace-deal process in Waziristan, Senator Professor Khurshid Ahmad has said it was "an abhorrent interference in Pakistan's internal affairs."
International Seminar on Space Technology and Application would start at Institute of Space Technology (IST) here on September 11. A large number of scientists, technologists and educationists from Azerbaijan, Bangladesh, Belarus, China, France, Indonesia
NWFP Governor, Lieutenant General Ali Muhammad Jan Aurakzai (Retd) has said that in Fata the things have started moving in the positive direction and a pleasant change is expected to usher in the life of the people.
Federal Commerce Minister Humayun Akther Khan has emphasised the need for intensifying efforts for socio-economic development of the country and creating job opportunities at all levels.
In occupied Kashmir, the High Court has quashed the draconian Public Safety Act (PSA) against six illegally detained Kashmiris, and directed the puppet regime to release them with an immediate effect. According to Kashmir Media Service, the court ordered
To inculcate sense of traffic rules among children, the Islamabad Traffic Police (ITP) have launched kids traffic awareness programme and authorised children to issue verbal warning to the drivers on violation of traffic rules.
Punjab governor Lieutenant-General Khalid Maqbool (Retd) has appreciated the idea of organising women's expo that would provide a platform to all stakeholders working for the development and empowerment of women. He expressed these views while speaking at
The killing of 38 Muslims by serial bomb blasts at a mosque in Indian state of Maharashtra has evoked widespread condemnations in occupied Kashmir and demands for an impartial probe into the massacre.
The Sustainable Development Policy Institute (SDPI) would organise a seminar on "Balochistan Crisis: A Civil Society Perspective" on Monday, September 11 at the SDPI, House No 3 UN Boulevard, Diplomatic Enclave-1, G-5, Islamabad.
Pakistan Cleft Lip and Palate Association (PCLAPA) on Sunday announced the schedule for surgical operations of patients from all over the country to provide free medical facilities and undertake surgery of patients suffering from disability of cleft lip a
Pak Women Welfare Association hailing the president's recently introduced 'Rozgar Scheme' said that it would benefit unemployed youth and help reduce poverty in the country.
The Chief Justice of the Lahore High Court (LHC) has constituted seven division benches and 19 single benches for disposal of cases pending before the court in the week commencing from Monday (September 11).
The government is planning to undertake the realignment of Islamabad-Lahore Motorway (M-2) in salt range with the estimated cost of Rs 3 billion. A statement issued here on Saturday said that about 20km portion that passes through the salt range causes gr
Punjab Chief Minister Chaudhry Pervaiz Elahi in a meeting with Air Vice Marshal Shahzad Hasan Chaudhry (Retd), Pakistan Ambassador to Sri Lanka here on Sunday said that after achieving greater success in educational programme, work was going on fast track
Older adults with mild to moderate-hearing loss may use up so much cognitive effort trying to hear and understand speech that it undermines their ability to remember what they've just heard, a study suggests.
Cotton prices moved up and down under impact of heavy downpour causing hike in demand and fear of damages may push prices still higher, but inclement weather reversed situation and the prices returned to opening level Rs 2575, during the weekend on Septem
Cotton prices moved up and down under impact of heavy downpour causing hike in demand and fear of damages may push prices still higher, but inclement weather reversed situation and the prices returned to opening level Rs 2575, during the weekend on Septem
Chief Drug Inspector Sindh, Salahuddin Tunio has said that action will soon be initiated against medical stores being run in katchi abadis without drug licence. He asked wholesale chemists not to sell medicines to medical stores who do not have drug licen
Traffic on the National Highway from Thatta to Hyderabad was restored after draining out rainwater from submerged portion near Jhirik Sunday night around 9pm. The water was drained out in upper KB Feeder through six cuts.
The Sindh government has handed over Rs 30 million to the fund of Provincial Relief Commissioner for undertaking relief and rehabilitation work in areas of Hyderabad, Thatta, Mirpurkhas and Sanghar districts, which were hit hard by the recent heavy rains